Euro startingtoweighoncorporateprofitability http://feedly.com/k/1eaehnx Bloomberg has a goodstory this morning on how a strong euro is now forcing automakers such as Peugeot and Fiat to cut their year-end profit targets. Nothing is ever easy is it? European growth improves and now a strong euro might kick things into reverse. The ECB should take note. Europe is becoming Japan and the periphery is paying the price (deflation) … Seguir leyendo Euro starting to weigh on corporate profitability

TheIMFWantsYouToPay 71% IncomeTax http://feedly.com/k/1jV6Kt4 SubmittedbySimonBlackofSovereignManblog, TheIMFjustdroppedanotherbombshell. After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”. The IMF’s team of monkeys has been working around the clock on this one, figuring that developed nations can increase their overall … Seguir leyendo The IMF Wants You To Pay 71% Income Tax

RaisingtheMinimumWage: OldShibboleths, New Evidence http://feedly.com/k/1h5qAiK The evidence is clear that a higher minimum wage would reduce poverty, increase consumer spending and have scant impact on employment, an economist writes. shared via http://feedly.com Seguir leyendo Raising the Minimum Wage: Old Shibboleths, New Evidence

Global HousePriceIndex Surges ToRecordHigh http://feedly.com/k/19kJ7WE With home prices in the UKdrivingpeopletoliveinboxes and BobShillerworriedabouttheUS, Bloomberg’s Niraj Shah notes that the Knight Frank global house price index has risen to a record. The index, now 4% abovetheprevioushighin Q3 2008 isledby China andEmergingNations (with Europe weakest) as investor speculation amid central bank liquidity fuels yet another bubble (that no one could see coming again). ViaBloomberg’sNirajShah (@economistniraj), RecordHighfor Global … Seguir leyendo Global House Price Index Surges To Record High

Fact, Fiction, And 11 BitcoinMyths http://feedly.com/k/1fn9wnX Haters gonna hate, but the “Bitcoinbubble” meme has become the financial equivalent of a viral online cat video – wildly popular but pretty vacuous. In an effort to separate fact from fiction, ConvergEx’s Nick Colas reviews 11 bitcoinmyths (anddispelsthem). Still, there’s no doubtthatthepublicisentranced: there are now 3x more Google searches for “bitcoin” than “Western Union”, and 33x more than … Seguir leyendo Fact, Fiction, And 11 Bitcoin Myths

LivingIn A SteelBox: LondonersLiveInShippingContainersDueToSoaringRents http://feedly.com/k/1fn9dtg With even Bank of England head Mark Carney admitting UK housing prices may be a little bubbley (and affordability plumbing new depths), RTreportsthat a hostel in east London has come up with the ingenious idea, to try and solve homelessness amid soaring rents in the British capital, of converting a shippingcontainerfrom China into a tinylowcosthome for hard up and desperate … Seguir leyendo Living In A Steel Box: Londoners Live In Shipping Containers Due To Soaring Rents

America’sDescentintoThirdWorldStatus: Tropical DiseasesRiseAmongPoor http://feedly.com/k/IR1rfr To the extent that middle class and more affluent people think about poverty in America, they likely have blurry, partial images due to distance and lack of direct experience. Their remedies might include better education and training, higher minimum wages, more affordable housing. New Scientist thinks otherwise. Its headline for a blistering editorial: WanttofixUSinequality? Beginwithwormingtablets. Reader Francois T, who is a … Seguir leyendo America’s Descent into Third World Status: Tropical Diseases Rise Among Poor

New YorkCity Has TheMostHomelessChildrenSinceTheGreatDepression http://feedly.com/k/IQuLm1 SubmittedbyMichaelSnyderofTheEconomicCollapseblog, At a time when Wall Street is absolutely swimming in wealth, New York City is experiencing an epidemic of homelessness. According to the New York Times, the last time there was this many homeless children in New York City was during the days of the Great Depression. And thenumberofhomelesschildrenintheUnitedStatesoverallrecentlyset a new all-time record. As I mentioned yesterday, there are … Seguir leyendo New York City Has The Most Homeless Children Since The Great Depression

DebunkingAustrianEconomics 101 (Updated) http://feedly.com/k/1bxWf71 I have updated my earlier set of links to various posts on my blog that debunk the theories of Austrian economics. Many new posts are now available that criticise Austrian price theory and apriorism. Please note that not all the posts actually debunk Austrian theories, as some are merely descriptive, and allow the reader to understand what the Austrians believe. Some … Seguir leyendo Debunking Austrian Economics 101 (Updated)