FranceTaxRevenues €5.5 BillionLowerthanExpected; PollShows 92% Do NotBelieveHollande’sTaxPromises http://feedproxy.google.com/~r/MishsGlobalEconomicTrendAnalysis/~3/t_w_ijDEkyc/france–tax–revenues-55-billion–lower.html In spite of massive hikes in taxes on the wealthy and an increase in the VAT and other taxes revenue estimates missed their targets badly. Reader Lionel writes … Hi Mish, As you were expecting, France did not manage to get as much tax revenue as expected by the government. Total revenues were €5.5 billion less than … Seguir leyendo France Tax Revenues €5.5 Billion Lower than Expected; Poll Shows 92% Do Not Believe Hollande’s Tax Promises

Continúa el ajuste deflacionario en la zona euro. Quien piense que el Euro va a bajar en estas condiciones está muy equivocado. Euro areainternationaltradeingoodssurplus 13.1 bn euro http://feedly.com/k/1d9Xlxc The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in September 2013 gave a 13.1 billion euro surplus, compared with +8.6 bn in September 2012. The August 2013 … Seguir leyendo Euro area international trade in goods surplus 13.1 bn euro

Inequality’sRoots: BeyondTechnology – NYTimes.com http://feedly.com/k/17gtzSC shared via http://feedly.com Seguir leyendo Inequality’s Roots: Beyond Technology – NYTimes.com

SloveniaStaggersOn http://feedly.com/k/1edGGWn A ‘BoughtDeal‘ RefinancingfortheGovernment In late October, the IMFwarnedthatSloveniamustrecapitalize its insolvent banks ‘immediately’. The governor of the country’s central bank countered that the result of ‘stress tests’ had to be awaited first (due in late November). In the meantime, the current government (a diverse and somewhat unruly coalition) led by Alenka Bratusek has survived a confidence vote in parliament and has managed something of … Seguir leyendo Slovenia Staggers On

BitcoinRisesOver $500 http://feedly.com/k/181y2LK One day before the Senate’s digital currency hearing titled "BeyondSilkRoad: PotentialRisks, Threats, andPromisesof Virtual Currencies", Bitcoin is largely oblivious to any potential regulatory threats, either at the legislative or the city level, where as reportedpreviouslythe New York superintendent is in a rush to enforce BitLicenses on businesses that accept BitCoin, and moments ago crossed $500 for the first time ever. Instead, it … Seguir leyendo Bitcoin Rises Over $500

China’sBoldReforms Are BadNewsForMarkets http://feedly.com/k/IaiqZy China has unveiled its most sweeping reform agenda in more than 30 years, after a meeting of key Communist Party leaders in Beijing last week. The agenda aims to transition China to a more free-market consumer economy with fewer social controls. On the economic front, the plans include reducing the power of giant state-owned companies, removing a swathe of price controls, … Seguir leyendo China’s Bold Reforms Are Bad News For Markets

Marc Faber Fears "TheEndOfTheCapitalistEconomicSystem As WeKnowIt" http://feedly.com/k/IaicSn "We already live in a financial economy in which the debt and capital markets exceed the value of the real economy by far," Marc Faber explains to Germany’s Finanzen100, "and that’s before the current formation of bubbles." His most ominous warning, and one that fits perfectly with the seeming insanity of Federal Reserve (and all developed market central … Seguir leyendo Marc Faber Fears “The End Of The Capitalist Economic System As We Know It”

Bitcoingoes vertical inspeculativefrenzy http://feedly.com/k/1cBrccJ Bitcoin valuation has gone vertical in the past month or so. The speculative frenzy is truly astounding. Some have attributed this to the "scarcity" issue due to reduced reward per block of bitcoin mining (seediscussion). That’s utter nonsense. This is speculation – pure and simple. As more players jump on the bandwagon, prices take off. And as bartenders begin to give … Seguir leyendo Bitcoin goes vertical in speculative frenzy

China toloosenone-childpolicyandabolishlabour camps http://feedly.com/k/I68vUT shared via http://feedly.com Seguir leyendo China to loosen one-child policy and abolish labour camps

SpanishFinMin "Concerned" As PublicDebt Surges To New Record http://feedly.com/k/1aXPhO6 Spain’spublicdebtclimbedsharplyinSeptemberto a new recordhighof 954.863 billion euros, casting doubt about the government’s ability to meet its target for the end of the year. Even financeministerCristobalMontoroacknowledgedthat "there are concernsaboutthe pace oftheincrease," adding that this meant bringing down the public deficit even more of a priority. As El Paisreports, according to figures released Friday by the Bank of … Seguir leyendo Spanish FinMin “Concerned” As Public Debt Surges To New Record