LavoieonMark-upPricinginNeoclassicalTheory http://feedly.com/k/HCSNjV Marc Lavoie writes here: “While Post Keynesians have long endorsed cost-plus pricing, mainstream economists have recently begun to make use of markup pricing. Mainstream authors … usually point out that a markup over unit variable costs is consistent with profit maximization – the markup depends on the elasticity of demand and is set to equate marginal cost and marginal revenue. This interpretation can … Seguir leyendo Lavoie on Mark-up Pricing in Neoclassical Theory

France 1930, Germany 2013 http://feedly.com/k/16vWv8C Surprising parallels, none of them good. shared via http://feedly.com Seguir leyendo France 1930, Germany 2013

Final USManufacturingPMIPrintsAtLowestInOneYear, MakesMockeryOfChicago "Data" http://feedly.com/k/1h7ioCc If anyone needed confirmation that yesterday’ssoaringChicagoPMIdata (to the highest since March 2011) was a typical "Made In Chicago" fabrication, then look no further than today’s final MarkIt US Manufacturing PMI, which instead of soaring as its Chicago counterpart, tumbled from 52.8 to 51.8, the lowest print since October of 2012 as the report indicated "onlymodestimprovementinbusinessconditions", "output growthweakestforoverfouryears", and "new ordersincreasingattheslowest … Seguir leyendo Final US Manufacturing PMI Prints At Lowest In One Year, Makes Mockery Of Chicago “Data”

IndianInflation: Outof Control? http://feedly.com/k/1gjF2pn ClickheretofollowZeroHedgein Real-time onFinancialJuice While some harp on about the growing dangers of yet another housing bubble in the western world, there are other more important things perhaps that are going on in other countries in the world. But, they are of little interest since we are not directly concerned by them. How is it that we only care about what’s actually … Seguir leyendo Indian Inflation: Out of Control?

Spain-BasedFagor, Europe’sFifthLargestApplianceMaker, OnVergeOfBankruptcy http://feedproxy.google.com/~r/zerohedge/feed/~3/i3cRH02HYmM/story01.htm There has been much media insinuation in recent months that just because Spain’s economy has virtually shuttered, and imports have slid to unprecedented low levels in the process pushing the (adjusted) GDP beancount positive for the first time in 3 years, that things are somehow getting better. What the media has roundly ignored is that as a result of the collapse … Seguir leyendo Spain-Based Fagor, Europe’s Fifth Largest Appliance Maker, On Verge Of Bankruptcy

SouthernEuropeison a precipice – Telegraph http://feedly.com/k/1gjEIXP shared via http://feedly.com Seguir leyendo Southern Europe is on a precipice – Telegraph

CorporateProfitsAfterTax http://feedproxy.google.com/~r/TheBigPicture/~3/WSZtvStzLL0/ Billionsofdollars, seasonallyadjusted, aftertaxwithoutinventoryvaluation (IVA) and capital consumptionadjustments (CCAdj). Source: FRED I have been trying to explain to some of my more Fed obsessed friends there are factors outside the central bank that matter also. One such factor is corporate profits. As the chart from the Federal Reserve Bank of St. Louis shows, after tax Corporate Profits are at all time highs. And while … Seguir leyendo Corporate Profits After Tax

PlannedObsolescence, as MythorReality – NYTimes.com http://mobile.nytimes.com/blogs/economix/2013/10/31/planned–obsolescence-as-myth–or–reality/?_r=0 shared via http://feedly.com Seguir leyendo Planned Obsolescence, as Myth or Reality – NYTimes.com

ChicagoPMIExplodesMostOnRecordTo 31-MonthHigh; BiggestBeatEver http://feedly.com/k/1h3aERu Sometimesyoujusthavetolaugh… Chicago, it would seem, felt not just no bad impact from the government shutdown (that so many asset managers and CEOs have proclaimed as the reason for any slowdown – and the need to avoid a Taper) but it roaredtoitshighestsinceMarch 2011. This blewexpectationsawaybythemostonrecord (8-sigma). New orders are at the highest level since October 2004. October’s advance in the Barometer was … Seguir leyendo Chicago PMI Explodes Most On Record To 31-Month High; Biggest Beat Ever