BitcoinPlungesIntoBearMarket http://feedly.com/k/1hrsWv8 UPDATE: BTC has rallied 26% offitslowsinthelast 55 minutes – with extreme volumes From it’s gold–matchinghighsat $1242 onThursdaynight, the price of Bitcoin has collapsedover $400 (32%) to $840 onheavyvolume. Of course, this is only a one-week low for the exuberant digital currency but still a significant plunge (as its smaller brethren Litecoin has collapsed 51% fromitshighs). Interestingly, this drops the price of Bitcoin in … Seguir leyendo Fortísima bajada del Bitcoin

WhyHayek’sTheoryofPricesandKnowledgeisFlawed http://feedly.com/k/18uhtIv Frederic S. Lee explains in the passage below from insights by the British economist GeorgeRichardson: “After reading Friedrich Hayek’s article on economics and knowledge (Hayek, 1937), Richardson became concerned with the theoretical problem of the market conditions under which the enterprise could expect to generate the necessary information on which to base its investment decisions. Approaching the problem theoretically, Richardson first argued that … Seguir leyendo Why Hayek’s Theory of Prices and Knowledge is Flawed

ECBcontemplating new LTRO – with a twist http://feedly.com/k/IsCneP As discussed back in September (see post), the ECB may be forced to take further action in an attempt to reignite the area’s recovery. The central bank’s consolidated balance sheet is continuing to decline and many are blaming this reduced liquidity for the area’s weak credit growth as well as tepid and uneven economic expansion. It was … Seguir leyendo ECB contemplating new LTRO – with a twist

BitcoinNowWorth More ThanGold http://feedly.com/k/1abCPEx UPDATE: … AndthenBitcoincollapses 13% minutes later… It seems the growing tensions in Asia (Japan-China sabre–rattling and Indian capital controls) have prompted more great rotation out of fiat and into digital currency as China/India markets open. For the first time ever, the price of one unit of Bitcoin exceeds the price of an ounce of gold… 1 ozofGold = $1241.98 (Bloomberg) 1 … Seguir leyendo Bitcoin Now Worth More Than Gold

25% ofSpanishWouldConsiderLeavingSpainforEconomicReasons; ButWhereWouldTheyGo? http://feedly.com/k/1cQgn6U The employment and pay situation in Spain is so bad that 33% struggle to pay their bills. More importantly, 25% would consider leaving the country for better opportunities. Via translation from La Vanguardia, please consider OneinthreeSpaniardshave no moneyafterpayingtheirbills. One in three Spanish claims to have no money left after paying the bills, according to a report on consumer payments. Thestudyfurtherrevealsthat 25% … Seguir leyendo 25% of Spanish Would Consider Leaving Spain for Economic Reasons; But Where Would They Go?

TestosteronePit – Home – TheRajoy Horror PictureShowLumbersOn http://feedly.com/k/ItMz7h shared via http://feedly.com Seguir leyendo Testosterone Pit – Home – The Rajoy Horror Picture Show Lumbers On

ThereIsJust No Escape From Mario Draghi’sMonetary Zombie Nightmare http://feedly.com/k/1bYKnvF On November 7, when the ECB announced a "surprising" rate cut, 67 out of 70 economists whoneversawitcoming, were shocked. We were not. As we observed ten days prior, Europe had just seen the latest month of record low private sector loan growth in history. Or rather contraction. Back than we said that "one of our favorite … Seguir leyendo There Is Just No Escape From Mario Draghi’s Monetary Zombie Nightmare