A Poor Critique ofKeynes http://feedly.com/k/1bNM0zE … can be found in the video below. This is an interview of an economist called G. P. Manish by the Austrian Thomas Woods in an attempt to summarise and criticise the economic ideas of Keynes. Some comments: (1) The discussion of “animal spirits” is rather poor. The term was used by Keynes but three times in the whole General … Seguir leyendo A Poor Critique of Keynes

Inversiones angoleñas en Portugal (1/2): Lisboa hace la vista gorda ante el “dinero sucio” de Luanda http://feedly.com/k/1isp6Rh Mediapart , París – La antigua metrópolis, presa de la crisis, se ha convertido en un “supermercado” en el que las nuevas fortunas de la antigua colonia, empezando por la familia del presidente Dos Santos, multiplican sus adquisiciones en los bancos o en el sector inmobiliario. Pero en … Seguir leyendo Inversiones angoleñas en Portugal (1/2): Lisboa hace la vista gorda ante el “dinero sucio” de Luanda

No Moneyto Retire the New AmericanNightmare; Retirementat 80 the New Norm? http://feedly.com/k/19DMaEU Except for public union workers with pensions that ultimately will not be met, retirement age for most keeps inching up. People need to work longer or go back to work after a few years of retirement because they have insufficient savings. This creates competition between those over 60 and those under 20 for … Seguir leyendo No Money to Retire the New American Nightmare; Retirement at 80 the New Norm?

ATA TruckingIndexdeclinesinOctober, Up 8% Year-over-year http://feedly.com/k/1isovPI Here is a minor indicator that I follow, from ATA: ATA TruckTonnageIndexDecreased 2.8% inOctober TheAmericanTruckingAssociations’ advancedseasonallyadjustedFor-HireTruckTonnageIndexfell 2.8% inOctober, the first decrease since July. … In October, the index equaled 124 (2000=100) versus 127.5 in September. October’s level was the lowest since April. ComparedwithOctober 2012, theSAindexsurged 8%, whichisthelargestyear-over-yeargainsinceDecember 2011. … “From May through September, the index surged 3.5%, including only … Seguir leyendo ATA Trucking Index declines in October, Up 8% Year-over-year

BubblesinBitcoinandElsewhere http://feedly.com/k/18kyQJv Global MoneySupplyGrowth Michael Pollaro has recently updated his moneyTMS data. As of October, US monetary inflation shows signs of re-acceleration. Earlier in the year a slowdown could be observed in spite of ‘QE-to-infinity’. This was probably attributable to a combination of commercial bank credit inflation slowing down and dollars that moved into the US banking system during the height of the euro area … Seguir leyendo Bubbles in Bitcoin and Elsewhere

BitcoinTradesOver $1000 OnBTC China ExchangeAndCrashes 30% … ThenRebounds http://feedly.com/k/18KJDZY Update: following the 30% drop to under $600 in seconds, BTC promptly rebounded to $800 in a few more seconds, as the entire BTC market is now just an algo arena. * * * Putting to rest fears that today’s Senatorial hearing on digital currencies would crater Bitcoin (if in the immediate term), moments ago the … Seguir leyendo Bitcoin Trades Over $1000 On BTC China Exchange And Crashes 30% … Then Rebounds

TheFailureOfAbenomicsInOneChart… WhenEvenTheJapanesePressAdmits "EasingIsNotWorking" http://feedproxy.google.com/~r/zerohedge/feed/~3/54ep3jNUAqI/story01.htm Since late 2012 Zero Hedge has been very critical of Japan’s Abenomics experiment, and its first and only real arrow: a massiveincreaseinthemonetary base thankstotheBOJ’sshockandaweQEannouncedinApril, resulting in the collapse of the Yen (although in a not zero sum world this means ever louder complaints from US exporters such as Ford competing with Japanese companies), a soaring Nikkei (if only through May), and … Seguir leyendo The Failure Of Abenomics In One Chart… When Even The Japanese Press Admits “Easing Is Not Working”

SpanishBadLoansRe-AccelerateTo New RecordHigh http://feedproxy.google.com/~r/zerohedge/feed/~3/Hd4CwY1LUsg/story01.htm Amid the SpanishFinMin’s "concernsaboutthe pace oftheincrease" ingovernmentdebt, and PM Rajoy’s confidence that the nation would exit the eurozone-fueled banking bailout by January, bad loans in the still disastrously-troubled nations have re-accelerated to an all-time record high of 12.68% of total loans. Mostly linked to the collapsed property sector, bad loans climbed by 6.9 billion euros from the previous month to an … Seguir leyendo Spanish Bad Loans Re-Accelerate To New Record High