China’s $1 TrillionGDPLie http://feedly.com/k/17n96Zn From goal-seeked GDP, manipulated inflation, liquidity-flow-exaggerated trade data, and hidden (and divergent) PMI details, thequestionoftheunreliabilityofChinese data isnot a new one. However, anecdotes aside, a new study from Peking University finds, conservatively, correcting for housing price inflation in the Chinese CPI data adds approximately 1% to annual consumer price inflation in China, reducing real GDPby 8-12% or more than $1 trillion. HowBadlyFlawedIsChineseEconomic … Seguir leyendo China’s $1 Trillion GDP Lie

ThatFriedrichvonHayekWasNotConsistentorCoherentDoesNotRedoundtoHisBenefit: Daniel KuehnSmacksDownLarryWhite http://feedly.com/k/18s1Ht2 I have always thought that stable MV is, while not as bad as liquidationism, also a batshit-insane macroeconomic doctrine: it calls for the overall price level to fall at a rate equal to the sum of population and productivity growth. In the real world we live in, why would anybody want that? Daniel Kuehn: Facts & otherstubbornthings: Hayeksaidliquidationistthingsand he saidstable nominal … Seguir leyendo That Friedrich von Hayek Was Not Consistent or Coherent Does Not Redound to His Benefit: Daniel Kuehn Smacks Down Larry White

Investorseuphoric as USmargindebtreaches ‘danger’ levels http://feedly.com/k/1d4kYnL Fund managers are around the world are gripped by euphoria, convinced that America is in full recovery and Europe has overcome its debt crisis. shared via http://feedly.com Seguir leyendo Investors euphoric as US margin debt reaches ‘danger’ levels

SynthesisLost – NYTimes.com http://feedly.com/k/19eAWt4 shared via http://feedly.com Seguir leyendo Synthesis Lost – NYTimes.com

Espléndido artículo sobre el peak oil ThreeNailsintheCoffinofPeakOil http://feedly.com/k/15yrpYM This post is based on a talk I gave as an "undistinguished speaker" to the American Association of Petroleum Geologists (AAPG) oil finders lunch in Aberdeen a few weeks ago. This will be one of my last posts on The Oil Drum. There should be enough controversy below the fold to keep a hoard of Oil Drummers … Seguir leyendo Three Nails in the Coffin of Peak Oil

Industrial productionupby 0.7% in euro area http://feedly.com/k/18rqa1E In June 2013 compared with May 2013, seasonally adjusted industrial production grew by 0.7% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union. In May production decreased by 0.2% and 0.4% respectively. shared via http://feedly.com Seguir leyendo Industrial production up by 0.7% in euro area

EUROPA ANTE LA INMIGRACIÓN (3/4) : Londres cierra sus puertas al mundo | Presseurop.eu: actualidad europea, viñetas y revistas de prensa http://feedly.com/k/16N5lOO shared via http://feedly.com Seguir leyendo EUROPA ANTE LA INMIGRACIÓN (3/4) : Londres cierra sus puertas al mundo | Presseurop.eu: actualidad europea, vi ñetas y revistas de prensa

CORDERITOS AL MATADERO http://feedly.com/k/1a0QIe7 “El Sr. Thiers, en el seno de la Comisión sobre enseñanza elemental de 1849, decía: «Quiero hacer omnipotente la influencia del clero, porque cuento con él para la difusión de esa sana filosofía que enseña al hombre que está aquí abajo a sufrir, y no esa otra filosofía que, por el contrario, dice a los hombres: ¡Gozad!». El Sr. Thiers formuló … Seguir leyendo CORDERITOS AL MATADERO

UK: Export Surge http://feedly.com/k/164Ti0X FollowZeroHedgein Real-Time onFinancialJuice The UKeconomy is recovery at its best rate since 2010 today with figures that are released by the British government via the Office for National Statistics (ONS). The trade deficit was reduced in June. Exports for the 2nd quarterof 2013amounted to £78.4 billion, which is the highest level recorded (coming principally from the US and China sales). In … Seguir leyendo UK: Export Surge