Vulgar Austrians do notUnderstandAustrianPriceTheory http://feedly.com/k/18d8jtX Certain vulgar and ignorant internet Austrians actually seem to believe that Austrian price theory does not have a fundamental role for the idea of flexible prices and wages that, in market trades by buyers and sellers, are moved towards their market-clearing levels to clear product markets by equating quantities demanded with quantities supplied, so that economic coordination and full use … Seguir leyendo Vulgar Austrians do not Understand Austrian Price Theory

República Checa: “Orden de arriba: el euro a 27 coronas” http://feedly.com/k/HCxrDN Por vez primera desde 2002, el Banco Nacional Checo (CNB) ha intervenido en el mercado de cambios, devaluando la moneda nacional con objeto de estimular las exportaciones, principal motor de la economía del país, así como la inflación, que permanece muy débil. “En espacio de 30 minutos, el euro aumentó 1 corona para alcanzar … Seguir leyendo República Checa: “Orden de arriba: el euro a 27 coronas”

BankofSpain "Discovers" €20.50 BillioninHidden Non-PerformingLoans; BankofSpainTranslated http://feedly.com/k/1aGyDT4 Via translation, El Economista reports the BankofSpainDiscovers €20.50 BillionHiddenDelinquencies. Emphasis on the word "discovers" not added. Non-performing loans of Spanish banks to the end of September totaled €92.224 billion euros, 29% more than the €71.660 billion according to preliminary data included in the last Bulletin Financial Bank of Spain. TheBankofSpainurgedbankstoreview loan portfoliosbeforetheSeptember 30 deadline. [Mish note: Once again, … Seguir leyendo Bank of Spain “Discovers” €20.50 Billion in Hidden Non-Performing Loans; Bank of Spain Translated

Italytojoindeflation club? http://feedly.com/k/1aavrwf Jonathan Tepper from Variant Perception has a scary note this morning on Italy’s deflation risk, just in time for the ECB’s pitched battle today. Or at least one assumes that there will be blood on the floor in Frankfurt as doves show their fangs (excuse the grotesque mixed metaphor). If there is not a bloodbath […] shared via http://feedly.com Seguir leyendo Italy to join deflation club?

Wealth, HealthandInequality http://feedly.com/k/1bbZ3ue A provocative new book asserts that the poor in nations left behind by worldwide economic growth could be better helped than by conventional foreign aid, an economist writes. shared via http://feedly.com Seguir leyendo Wealth, Health and Inequality

ECB’sDraghistunsmarketswithratecutbutdeflationstilllooms http://feedly.com/k/1fnd8G7 The ECB cut the main refinancing rate a quarter point to 0.25pc and stands "technically ready" to reduce the discount rate below zero if necessary shared via http://feedly.com Seguir leyendo ECB’s Draghi stuns markets with rate cut but deflation still looms

A 14-Year-OldGirlExplainsHowWe Can StopTheAddictionToEconomicGrowth | ZeroHedge http://feedly.com/k/1a6bKFQ shared via http://feedly.com Seguir leyendo A 14-Year-Old Girl Explains How We Can Stop The Addiction To Economic Growth | Zero Hedge

China AdmitsIt Has AnOvercapacityBubble | ZeroHedge http://feedly.com/k/1a80id0 shared via http://feedly.com Seguir leyendo China Admits It Has An Overcapacity Bubble | Zero Hedge

FitchWarnsOfHousingBubble, Says "Unsustainable" JumpLeavesHomePrices 17% Overvalued | ZeroHedge http://feedly.com/k/187CKSn shared via http://feedly.com Seguir leyendo Fitch Warns Of Housing Bubble, Says “Unsustainable” Jump Leaves Home Prices 17% Overvalued | Zero Hedge

BofAWarns "Further Euro AppreciationIs A Problem" | ZeroHedge http://feedly.com/k/1bcfrYu shared via http://feedly.com Seguir leyendo BofA Warns “Further Euro Appreciation Is A Problem” | Zero Hedge