—- China’sEpicOffshoreWealthRevealed: HowChineseOligarchsQuietlyParkedUpTo $4 TrillionInTheCaribbean // ZeroHedge The last time the International Consortium of Investigative Journalists made a splash in the financial media wasinApriloflastyearyearwhen it disclosed a trove of secret documents revealing a massive treasury of offshore wealth parked away from taxation-happy host governments. The context was clear: in the aftermath of the Cyprus deposit confiscation, public opinion had to turn against those who were … Seguir leyendo China’s Epic Offshore Wealth Revealed: How Chinese Oligarchs Quietly Parked Up To $4 Trillion In The Caribbean

—- FrenchBanksFace €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; MishFrench Fine Update // Mish’s Global EconomicTrendAnalysis At the risk of incurring another nonsensical fine for quoting someone on leverage and capital ratios of French banks, please consider EuropeanBanksFace $1 Trillion Gap BeforeReview. European banks have a capital shortfall of as much as 767 billion euros ($1 trillion) before the European Central Bank’s … Seguir leyendo French Banks Face €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; Mish French Fine Update

—- Top 30 HeterodoxKeynesian/MMTEconomics Blogs, Updated // Social Democracyforthe 21st Century: A Post KeynesianPerspective This is my updated list of top 30 heterodox Keynesian/MMT economics blogs. Again, it is not based on objective criteria like number of web hits, but is a rather subjective list, on the basis of how popular various sites seem to be and (in my view) their importance. Have I made … Seguir leyendo Top 30 Heterodox Keynesian/MMT Economics Blogs, Updated

—- TheMythoftheDeservingRich – NYTimes.com —- Shared via myfeedlyreader Seguir leyendo The Myth of the Deserving Rich – NYTimes.com

—- RefutingTheBiggest "Recovery" LiesInFour Simple Charts // ZeroHedge "USprofits are growing, companieshaveunderinvestedandhave no choicebuttospend more onCapEx, andcorporationshavemuchlessdebtthantheydidduringthe crisis thanksto a massivecashbuildup." These are the generic goto explanations by soundbity talking heads for why the US recovery is gaining traction with US corporations, if not so much Joe Sixpack, and why companies are still cheap. There is one problem: they are all wrong. As SocGen’s Andrew … Seguir leyendo Refuting The Biggest “Recovery” Lies In Four Simple Charts