VAT Increase Backfires in Spain, Supermarket Sales Plunge 7.2%

Hay que tener en cuenta que en agosto del año pasado hubo un mes muy bueno en ventas debido al efecto anticipación de la subida del IVA, luego esta bajada es transitoria, cosa que no tiene en cuenta el artículo VATIncreaseBackfiresinSpain, Supermarket Sales Plunge 7.2% http://feedly.com/k/17rWsb3 The nannycrats in Brussels and the IMF keep pressuring Spain to hike the VAT and Spain does every time. … Seguir leyendo VAT Increase Backfires in Spain, Supermarket Sales Plunge 7.2%

NY Fed: Empire State Manufacturing Activity “held steady” in October

NYFed: EmpireStateManufacturingActivity "heldsteady" inOctober http://feedly.com/k/1fzQYDh From the NY Fed: EmpireStateManufacturingSurvey The October 2013 Empire State Manufacturing Survey indicates that business conditions held steady for New York manufacturers. The general businessconditionsindexfell 5 pointsto 1.5. The new orders index rose five points to 7.8 … Labor market conditions were also steady, with the index for number of employees falling four points to 3.6 and the average workweek … Seguir leyendo NY Fed: Empire State Manufacturing Activity “held steady” in October

Anuncian un ERE en el Centro Nacional de Investigaciones Oncológicas

Los casi 70 despidos anunciados en el Centro Nacional de Investigaciones Oncológicas (CNIO) se llevarán a cabo finalmente a través de una fórmula denominada despido colectivo. La intención inicial del centro era prescindir de 28 empleados fijos y no renovar a 36 trabajadores eventuales, pero el hecho de que muchos de estos últimos lleven más de cinco años en el centro les da carácter de empleados … Seguir leyendo Anuncian un ERE en el Centro Nacional de Investigaciones Oncológicas

El Eurogrupo no permitirá a España un segundo rescate bancario… ni España lo desea: no puede afrontar más deuda

Máxime ahora que la prima de riesgo marca a la baja y la bolsa repunta. Además, a la troika le preocupa, y mucho, la banca francesa e italiana. En cualquier caso, las autoridades comunitarias exigen a Rajoy que cumpla con el déficit y que acelere las reformas.   Definitivo: el rescate bancario europeo terminará el próximo 31 de diciembre, esto es, Europa no va a prorrogar … Seguir leyendo El Eurogrupo no permitirá a España un segundo rescate bancario… ni España lo desea: no puede afrontar más deuda

Surprise! Europe’s Banks Are STILL Totally Insolvent…

Surprise! Europe’sBanks Are STILLTotallyInsolvent… http://feedly.com/k/1662tz3 While the US continues to bumble its way towards a debt ceiling crisis (somehow our President doesn’t have time to meet work on solving this, but does have time to make sandwiches with volunteers and give press statements about how we wants to work), Europe continues to make us look good by comparison. Remember how we were told time and … Seguir leyendo Surprise! Europe’s Banks Are STILL Totally Insolvent…

UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble”

UKHomePricesHitAll-Time-Highs As BOE Sees "No Bubble" http://feedly.com/k/1hSzI90 U.K. houseprices rose to a recordlastmonth as easier access to credit drove first-time buyers back to the market. As Bloomberg reports, the second phase of the government’s Help to Buy program was introduced this week, providing government-guaranteed mortgages to buyers with smaller deposits. The acceleration has fueled further concerns that the initiative may stoke a bubble. But have … Seguir leyendo UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble”

Two Views of our Current Economic and Energy Crisis

TwoViewsofourCurrentEconomicandEnergy Crisis http://feedly.com/k/1936Fxy As the US heads toward debt default and continues with government shutdown, the underlying reason for the predicament is generally not clear to the American people or the world. The story that the press has generally been feeding us places the problem as basically a temporary one, caused by conflicts between the Democrats and Republicans. It seems to me that the problem … Seguir leyendo Two Views of our Current Economic and Energy Crisis