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

37 ReasonsWhy "TheEconomicRecoveryOf 2013" Is A GiantLie http://feedly.com/k/IZCuPe SubmittedbyMichaelSnyderofTheEconomicCollapseblog, "If you repeat a lie often enough, people will believe it." Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy. They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the American … Seguir leyendo 37 Reasons Why «The Economic Recovery Of 2013» Is A Giant Lie

Discuss: NelsonMandela & South African Inequality http://feedly.com/k/18xRUAH Discuss . . . Source: Economist shared via http://feedly.com Seguir leyendo Discuss: Nelson Mandela & South African Inequality

Compensation, Productivityand Labor Share http://feedly.com/k/1bypOtw Productivity outpaces real wages, deflated using the output deflator, or using the CPI. Figure 1: Log productivity (blue), log real compensation using output deflator (red) and using CPI (green), in the nonfarm business sector, all rescaled 2001Q1=0. NBER defined recession dates shaded gray. Source: BLS via FRED, NBER, author’s calculations. Note that a large portion of the gap between productivity … Seguir leyendo Compensation, Productivity and Labor Share

HereIsThe "WealthEffect": Wealthiest 400 AmericansAccountedFor 16% OfAll Capital Gains http://feedly.com/k/1gTP8uX Hidden deep inside the IRS’ most recent annual report focusing on just the Top 400 Individual Tax returns, titled "The 400 Individual IncomeTaxReturnsReportingtheLargestAdjustedGrossIncomesEachYear, 1992-2009" we find the definitive confirmation of just where the Fed’s Wealth Effect has gone. As seen in the highlighted cell on the table below, justthetop 400 individual taxreturnsaccountfor a whopping 16% … Seguir leyendo Here Is The «Wealth Effect»: Wealthiest 400 Americans Accounted For 16% Of All Capital Gains

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