Bitcoin Bonanza http://feedly.com/k/1h2yaNz ClickheretofollowZeroHedgein Real-time onFinancialJuice Five years ago it was worth $0. Then, a month and a half ago it went to $150 a piece. On Monday it shot to over $600. On Tuesday, the value rose to over $900, meaning a 6, 445%-increase in value since the start of the year. It plummeted to $531 at midday today and then recovered reaching $793 … Seguir leyendo Bitcoin Bonanza
EURCollapses As ECB ‘Strawmans’ NegativeRates (Again) http://feedly.com/k/1jmDOqP Given our earliercommentonthecollapseofEuropeanearnings, it is perhaps unsurprisng that the CEB is throwing everything at the problem of a strong EUR: *ECBSAIDTOWEIGHMINUS 0.1% DEPOSITRATEIF MORE EASINGNEEDED Of course, we await the official denial but suspect this is nothing more than attempt to gauge market response to the policy idea (just as Draghi did in May). For now, EURUSD has … Seguir leyendo EUR Collapses As ECB ‘Strawmans’ Negative Rates (Again)
A Simple QuestionforAustrianApriorists http://feedly.com/k/1cGx84o The Austrian school is famous for its apriorist economic method called praxeology. This, in its Misesian form, takes up the notion of Kantian synthetic a priori knowledge and holds that praxeology can arrive at economic theories that describe reality and in an a priori manner with necessary and apodictic truth, so that empirical evidence cannot refute praxeologicaltheories. A simple question can … Seguir leyendo A Simple Question for Austrian Apriorists
Sobre utopías II http://feedly.com/k/1888Xig Cornucopia. El cuerno de la abundancia. La utopia de los no utópicos. Fuente: Focke–Museum Esta entrada es una pequeña addenda sobre el articulo anterior "sobre utopias I" En él, había planteado la utilidad de disponer una utopía en el sentido de que ésta nos indica en todo momento si el camino que estamos siguiendo es o no el correcto. Se ha … Seguir leyendo Sobre utopías II
Hoy hablamos sobre el récord histórico en tanto por ciento de morosidad bancaria; sobre las evolución de las retribuciones de las grandes empresas y sus ventas, que presenta ciertas discordancias con los datos oficiales; hacemos un balance sobre la gestión de Mariano Rajoy, ahora que nos encontramos en el ecuador de su legislatura de Rajoy y, por último, hablamos sobre el fin de la huelga … Seguir leyendo Adictos al riesgo – Economía Directa 20-11-2013
El fracking se fractura http://feedly.com/k/1feEssW Imagen de El Mono Político, http://www.elmonopolitico.com/2013/03/12/fracturacion-hidraulica-asi-se-pagan-los-platos-rotos-de-la-fiesta-energetica/fracking-for-web/ Queridos lectores, La burbuja del fracking está llegando a su fin. Ya hace unos meses analizábamos la baja rentabilidad de los yacimientos de gas y de petróleo explotados con este método y lo económicamente absurdo de su explotación (especialmente en el caso del gas) y augurábamos un futuro nada brillante para su explotación, tanto … Seguir leyendo El fracking se fractura
Hay victorias épicas y victorias aplastantes, hay victorias que epatan, victorias subyugantes y arrolladoras, victorias inapelables, victorias heróicas y, por encima de todas ellas, están las victorias que relatan los políticos en sus autobiografías. Son historias que comienzan con un humilde cualquiera quien, con el paso de las páginas, se va convirtiendo en ese titán que se enfrentó a poderosas fuerzas desatadas y logró salir … Seguir leyendo Solbes: una derrota pirrica
JeremyGrantham’sGMO: "The S&P IsApproximately 75% Overvalued; ItsFairValueIs 1100" http://feedly.com/k/1b4uWqy It has been a while since we heard from the rational folks over at GMO. Which is why we are happy that as every possible form of bubble in the capital markets rages, Jeremy Grantham lieutenant Ben Inkster was kind enough to put the raging Fed-induced euphoria in its proper context. To wit "the U.S. stockmarketistradingatlevelsthat … Seguir leyendo Jeremy Grantham’s GMO: “The S&P Is Approximately 75% Overvalued; Its Fair Value Is 1100”
"Bubble" InRiskiestCreditExceeds 2008 Peak http://feedly.com/k/1jhIOwN As wewarnedtwomonthsago, thebubbleincreditmarkets (which if you ask anyone at the Fed, except Jeremy Stein, does not exist) is nowhere more evident than in the explosive growth of so-called cov-lite loans. While total volumes of cov-lite loans are already at record, as theFTreports, wenowhave 55% of new leveragedloans come in “cov-lite” form, fareclipsingthe 29% reachedattheheightoftheleveragedbuyout boom justbeforethefinancial crisis. LBOmultipleshavereachedrecordhighs and demand … Seguir leyendo “Bubble” In Riskiest Credit Exceeds 2008 Peak
TheBiggestDisasterin SE Asia WaitingtoHappen: Thailand’sMassive Real EstateBubble http://feedly.com/k/1h04NeN In 1997, the SE Asian Tigers all faced severe economic stresses, partially triggered by a primarily foreign capital-funded massive real estate bubble in Thailand. Today the EXACT same thing is happening as untempered foreign investment into Thailand’s real estate market has created not a “soaring” real estate market as economists always incorrectly explain them, but massive real … Seguir leyendo The Biggest Disaster in SE Asia Waiting to Happen: Thailand’s Massive Real Estate Bubble
