TheDayTheBubbleBecameOfficial, AndEveryoneWasHappy http://feedly.com/k/1blSqlK A new era has dawned: there is now a consensus that this is a stock market bubble. We’re back where we were during the last bubble, or the one before it. How do I know it’s not just some intrepid souls on the bleeding edge who are claiming this, but a consensus? shared via http://feedly.com Seguir leyendo The Day The Bubble Became Official, And Everyone Was Happy

Inspiteofcurrencydisadvantage, Germany competes onbrand http://feedly.com/k/1blSm5q Germany’s trade figures continue to surprise to the upside. The latest merchandise trade number came in at €18.9bn, while economists were expecting €15.5bn (according to Econoday). Source: Econoday The question of course is how does Germany do this given that it is competing directly with Japan in global markets. And Japan has had one key advantage – a weakening currency, … Seguir leyendo In spite of currency disadvantage, Germany competes on brand

WTFChartOfTheDay http://feedly.com/k/1i24IGm With stocks at record highs, ongoing commentary that retail is back and will lift all boats to infinity and beyond, it seems the professionals in the credit market are not amused. We have noted the ongoing divergence between the asset-classes for two weeks now but with today’s ultra-low volume drift higher in stocks, the drop in high-yield bonds is even more notable. The … Seguir leyendo WTF Chart Of The Day

USCapacityUtilisationisHistoricallylow http://feedly.com/k/1i24uPB According to this graph (open in a new window to view it properly), the US stimulus restored capacity utilisation from the worst plunge in the data shown, but nevertheless it is still relatively low by recent historical standards, which indicates that the US is far from full employment. Just look at where the rate was back in last booms of the golden age … Seguir leyendo US Capacity Utilisation is Historically low

Fracking Boom LeadingtoFrackingBust http://feedly.com/k/1aAJWX3 Climate Central has a look at the shale oil boom, quoting Dave Hughes and Arthur Berman – Fracking Boom LeadingtoFrackingBust. Scientists studying oil and gas well production data are beginning to question how long the boom will last, however, suggesting that a shale oil and gas bust may come sooner than expected, even as the industry insists that the boom has … Seguir leyendo Fracking Boom Leading to Fracking Bust

MysteryBehindSpanishBanks’ Extend-And-Pretend "BadDebtMiracle" Revealed http://feedly.com/k/HJiyzu One of the mysteries surrounding the insolvent, and already once bailed out Spanish banking sector, has been the question why reported bad loans – sharply rising as they may be – are still as relatively low as they are currently, considering the nation’s near highest in the Eurozone unemployment rate, and in comparison to such even more insolvent European nations … Seguir leyendo Mystery Behind Spanish Banks’ Extend-And-Pretend “Bad Debt Miracle” Revealed

Can Europe be Saved? Yesit can, saysJamie Galbraith http://feedly.com/k/HNyfWG Jamie explains the relevance of the ModestProposal (co-authored with Yanis Varoufakis and Stuart Holland). There is an alternative! The fulcrum of the Modest Proposal is an public investment-led recovery. In their words: The Investment-led Recovery and Convergence Programme (IRCP) will be co-financed by bonds issued jointly by the European Investment Bank (EIB) and the European Investment … Seguir leyendo Can Europe be Saved? Yes it can, says Jamie Galbraith

IS-LMandEndogenousMoney http://feedly.com/k/HNylxF An interesting discussion here from Steve Keen on loanable funds versus endogenous money in economic models, and a recent comment by Paul Krugman about IS-LM and endogenous money: SteveKeen, “IS–LM (withendogenousmoney),” Debtwatch, November 5, 2013. shared via http://feedly.com Seguir leyendo IS-LM and Endogenous Money

As BitcoinPlunges 25% OnGovernmentScrutiny, TheFirstBTC "FairValue" Reco Has A StunningPriceTarget http://feedly.com/k/HOIASB It took literally minutes following ourreportfromyesterdaythat in addition to the ECB and Fed, it was the Senate’s turn to finally shine the spotlight on the most notorious electronic currency with a hearing titled "BeyondSilkRoad: PotentialRisks, Threats, andPromisesof Virtual Currencies" next Monday, for Bitcoin to tumble 25% from its all time high just shy of … Seguir leyendo As Bitcoin Plunges 25% On Government Scrutiny, The First BTC “Fair Value” Reco Has A Stunning Price Target