"Resilient" Bitcoin Surges Above $1000 As ZyngaConfirmsAdoption http://feedly.com/k/19KOcdp It seems the adoption of major US-based vendors of the digital currency is trumping the Chinese clamp-down on Bitcoin as first Overstock and now Zynga confirm their adoption of the crypto-currency. For the first time since the PBOC issued its statement, Bloomberg reports ZyngaispartneringwithBitPayto test Bitcoinpayments. As ConvergEx’s Nick Colas notes, "Bitcoin has beenremarkablyresilientinthefaceofallthebadnewsoutof China. Thestrengthshows a … Seguir leyendo “Resilient” Bitcoin Surges Above $1000 As Zynga Confirms Adoption

UN PARAÍSO PARA LADRONES http://feedly.com/k/1kmEEJR “Tal vez habría que concluir que hoy en día solo se puede estudiar el capitalismo financiero desde la criminología. Taibbi reconstruye crímenes de proporciones históricas, casi inimaginables, por los que nadie ha asumido responsabilidades ni ha rendido cuenta alguna” Pablo Bustinduy, prólogo a la edición española de Cleptopía de MattTaibbi. “La capacidad de sus ciudadanos de desconcentrarse a toda velocidad … Seguir leyendo UN PARAÍSO PARA LADRONES

ISM Non-ManufacturingIndexat 53.0 indicatesslowerexpansioninDecember http://feedly.com/k/1cTjkWJ The December ISM Non-manufacturing index was at 53.0%, down from 53.9% in November. The employment index increased in December to 55.8%, up from 52.5% in November. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: December 2013 Non-ManufacturingISMReportOnBusiness® Economic activity in the non-manufacturing sector grew in December for the 48th consecutive month, say the nation’s … Seguir leyendo ISM Non-Manufacturing Index at 53.0 indicates slower expansion in December

Mises andRothbardonCommunistPrices http://feedly.com/k/19Kf6SE Mises is famous for having argued that socialism – in the sense of fully or nearly fully planned economies – is impossible. The existence of real world Communist systems for many decades that were able to increase real output and effect real economic development was a rather embarrassing refutation of Mises’s argument that such systems were impossible. One of Mises’s most feeble … Seguir leyendo Mises and Rothbard on Communist Prices

"Isthe U.S. economyreallyabouttogo boom?" http://feedly.com/k/1f18JMA PoliticoMagazine asks "should we really be so optimistic about the year ahead?" Mohamed El-Arian (PIMCO), Jared Bernstein (CBPP), Laurence Kotlikoff (Boston U.), Robert Reich (Berkeley), Menzie Chinn (Wisconsin U.) and Jeffry Frieden (Harvard), and Jeffry Frankel (Harvard) and Dean Baker (CEPR) respond. From the Chinn and Frieden entry: Is the American economy finally going to grow rapidly? Our book, LostDecades: … Seguir leyendo “Is the U.S. economy really about to go boom?”

No WakingFromDraghi’sMonetaryNightmare: EurozoneCreditCreationTumblesTo New All Time Low http://feedly.com/k/1g677h9 One of our favorite themes in the past year has been watching Mario "Whatever it takes" Draghi reel powerless before the relentless contraction in Eurozone credit. Most recently, in Novemberwereportedthat "when the ECB announced a "surprising" rate cut, 67 out of 70 economists who never saw it coming, were shocked. We were not. As we observed ten … Seguir leyendo No Waking From Draghi’s Monetary Nightmare: Eurozone Credit Creation Tumbles To New All Time Low