GreeceTumblesIntoTheDeflationaryAbyss, WhileItsPrimarySurplusSoundsThe "Grexit" Alarm http://feedly.com/k/J7JYQU While the second-derivative hopers and primary budget surplus believers cling to the faith that Stournaras talking about recovery is enough to bring the depressing Greek nation out of its slumber, the fact is that Greekdeflation has neverbeenworse. However, it gets worse… as a recentstudyby CFR finds that countries are most at risk of defaulting the year they turn a positive … Seguir leyendo Greece Tumbles Into The Deflationary Abyss, While Its Primary Surplus Sounds The “Grexit” Alarm

InTheThirdQuarter, TheRichGotRicherBy $1.9 Trillion http://feedly.com/k/1aOTBtu The quarterlyFlowofFundsreportby the Fed has been released and the latest household net worth numbers are out. While not nearly quite as dramatic as last quarter’s wholesale dataset revision, which saw all of America suddenly worth $3 trillion more primarily due to a change of how "pension entitlements" (formerly "pension reserves") are calculated (more more in the full breakdownfromSeptember), with the … Seguir leyendo In The Third Quarter, The Rich Got Richer By $1.9 Trillion

World’sbiggestinvestorBlackRocksaysUS rally nearingexhaustion http://feedly.com/k/1fe1qhq World’s largest investor has advised clients to be ready to pull out of global stock markets at any sign of serious trouble shared via http://feedly.com Seguir leyendo World’s biggest investor BlackRock says US rally nearing exhaustion

RobParenteau: HowtoExitAusterity, WithoutExitingthe Euro http://feedly.com/k/1d4orB4 Yves here. This is an important post by Rob Parenteau which outlines a viable plan for subject nations austerity-afflicted Eurozone countries with reasonably-well-functioning tax bureaucracies to escape their downspiral. I fear the biggest obstacle is not the legal and economic viability of this idea, but that, in a variant of Stockholm syndrome, the leadership and elites of many of the … Seguir leyendo Rob Parenteau: How to Exit Austerity, Without Exiting the Euro

HighestRadiationLevelEver, LethalIn 20 Minutes, RecordedOutsideFukushima Reactor http://feedly.com/k/18LDDWV With all the excitement about Japan’s soaring stock market (if plunging wages), crashing non-digital currency (leading to soaring energy prices), recent passage of an arbitrary secrecy bill ("DesignedbyKafka & InspiredByHitler"), and ongoing territorial spat with China, it is almost as if the Abe administration is desperately doing everything in its power, including some of the most ridiculous decisions … Seguir leyendo Highest Radiation Level Ever, Lethal In 20 Minutes, Recorded Outside Fukushima Reactor

Ikea’sSpanishServersCrashWhen 20,000 PeopleApplyFor 400 Jobs http://feedly.com/k/1d6vucJ A few years back, we were stunned whenwereportedthat as a result of McDonalds’ first hiring day in 2011, the company retained the services of 62,000 very qualified line cooks and other minimum wage workers. What was stunning is that one million Americans applied for these jobs, or a 6.2% success rate, or just a fraction above the 5.8% admissionrateatHarvard. … Seguir leyendo Ikea’s Spanish Servers Crash When 20,000 People Apply For 400 Jobs