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

UNA CRISIS TÍPICAMENTE CAPITALISTA http://feedly.com/k/1f189hO “Económicamente la actuación política del actual y del anterior gobierno es muy clara. Estamos ante una crisis capitalista típica, de las de siempre.Siempre se han “solucionado” igual desde el poder político:Restablecer la tasa de ganancia que permita rentabilizar de nuevo la inversión del capital.El camino para ello ha sido dar un “mordisco” a las rentas del trabajo directas (salarios e … Seguir leyendo UNA CRISIS TÍPICAMENTE CAPITALISTA

Martin ArmstrongWarnsEuropeansOfTheComingExpropriationOf 10% OfEveryone’sAccounts http://feedly.com/k/1coAqdR As we have discussed in depth previously (2 yearsagohere as "muddlethrough has failed" and most recently here as theIMFdiscussed a "one–off" wealthtax), a confiscation (akin to Cyprus overnight debacle) is coming and Martin Armstrong believes sooner than most think. Submittedby Martin ArmstrongviaArmstrongEconomics, Anyone who thinks it is a fantasy that government will simply just confiscate 10% of everyone’s accounts in … Seguir leyendo Martin Armstrong Warns Europeans Of The Coming Expropriation Of 10% Of Everyone’s Accounts

Crude’sWorstDayIn 13 MonthsSendsTranniesTumbling http://feedly.com/k/1drKXpM WTI crude is back below $95.50 – its lowest in a month – as the price of the front-month has droppedover 3% today – itsbiggest single-daydropsinceNovember 2012. USD strength (+0.3%) is being ignored for now by gold and silver which are jumping handily (back over $1230 and $20 respectively). US equities are suffering for the first day of the year for … Seguir leyendo Crude’s Worst Day In 13 Months Sends Trannies Tumbling