French Industrial Output DropsUnexpectedly; FranceFinanceMinisterin Complete Denial; ExpecttheUnexpected http://feedly.com/k/1dmRH6v I am in a near-constant state of amusement regarding what economists and analysts expect vs. what happens. A perfect example came up today. MarketWatch reports French Industrial Output DropsUnexpectedly. French industrial output dropped unexpectedly in October for the second month in a row, data from national statistics bureau Insee showed Tuesday, providing a further indication of … Seguir leyendo French Industrial Output Drops Unexpectedly; France Finance Minister in Complete Denial; Expect the Unexpected

ThePainInSpainIsMainly… Everywhere http://feedproxy.google.com/~r/zerohedge/feed/~3/Tqfm0X0t_FQ/story01.htm Despite the ratings agencies (Moody’s Dec 5th and S&P Nov 22nd) seemingly premature raising of the outlook for the nation’s sovereign credit rating (from negative to stable), economic hardship in Spain looks likely to continue as loan defaults surge andtheunemploymentrateremainsthesecondhighestintheEU. 25% ofWorkingPopulationtoStayUnemployed The IMF predicts Spain’s unemployment rate will remain at 25 percent or higher until 2018 even after the nation exited … Seguir leyendo The Pain In Spain Is Mainly… Everywhere

AdministeredPricesDiscredittheAustrianEconomicTheoriesof Mises http://feedly.com/k/1jIQkne Why? The reason is that Austrian economics – via the work of Mises – is fundamentally dependent on the idea of flexible prices and wages moving at least towards their market clearing values in a way that allegedly coordinates markets. Although Austrians do not think that economies ever actually reach an equilibrium state (such as Mises’s final state of rest) because of … Seguir leyendo Administered Prices Discredit the Austrian Economic Theories of Mises

WhyYou Are SpeculatingInsteadofInvesting http://gonzalolira.blogspot.com/2013/12/why–you-are-speculating–instead–of.html Peoplebuyingassets—stocks, bonds, commodities, real estate—are ignoringtheassets’ returns–on–investment, andinsteadpinningtheirhopesthatwhattheybuytodaywillgoupinpricetomorrow. Thisisn’t “investing”—it’sspeculating. Whyisthishappening? Easy—readon. Tell me if this rings a bell: You spent a lifetime putting together a little nest egg, and you want to invest it in something that makes a decent return-on-investment. Something safe and boring, because you don’t want to spend a sleepless night worrying about your money. Instead, you’re … Seguir leyendo Why You Are Speculating Instead of Investing

IMF’sLargardesays euro crisis notsolved, demandspre-emptiveactionfromECB http://telegraph.feedsportal.com/c/32726/f/568320/s/34a6c9ee/sc/25/l/0L0Stelegraph0O0Cfinance0Cfinancialcrisis0C10A50A86660CIMFs0ELargarde0Esays0Eeuro0Ecrisis0Enot0Esolved0Edemands0Epre0Eemptive0Eaction0Efrom0EECB0Bhtml/story01.htm Christine Lagarde, the IMF’s managing director, says it is premature to declare the eurozone crisis over shared via http://feedly.com Seguir leyendo El FMI aguándole la fiesta a Mariano

CONFESSIONSOFANERRATICMARXISTINTHEMIDSTOF A REPUGNANTEUROPEAN CRISIS http://feedly.com/k/1bT5ODz [In May 2013 I had the pleasure of addressing the 6th Subversive Festival in Zagreb on this topic. It is only now that I have managed to write up that talk and to expand it in some significant ways.[1]] ABSTRACT Europe is experiencing a slump that differs substantially from a ‘normal’ capitalist recession, of the […] shared via http://feedly.com Seguir leyendo CONFESSIONS OF AN ERRATIC MARXIST IN THE MIDST OF A REPUGNANT EUROPEAN CRISIS