ConsumerConfidenceCollapsesToLowestSinceDec 2011 (BiggestMissSince 2006) http://feedproxy.google.com/~r/zerohedge/feed/~3/GZdNcDXHH-I/story01.htm Whether it is the conference board, Gallup, Bloomberg, or pretty much any other measure of the economic confidence or consumer comfort in the US, the numbers have been falling (or plunging) despite the incessant rise of US equities. The reason this is of particular note, as we have discussed previously, is that this patternofexuberanthighsinstockswithfadingconfidence-inspiration has ominousovertones for future performance… (especially … Seguir leyendo Consumer Confidence Collapses To Lowest Since Dec 2011 (Biggest Miss Since 2006)

Whopping 932,000 AmericansDropOutOf Labor ForceInOctober; ParticipationRateDropsToFresh 35 YearLow http://feedly.com/k/1d3Cur7 The only two charts that matter from today’s distroted nonfarm payrolls report. First, the labor force participation rate, which plunged from 63.2% to 62.8% – thelowestsince 1978! But more importantly, the number of people not in the labor force explodedbynearly 1 million, or 932,000 to be exact, in just the month of October, to a record … Seguir leyendo Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low

"World’sStrongestCycloneEver" SlamsPhilippinesWith 200 MPHWinds http://feedly.com/k/19KgTUX If last year it was the East Coast’s turn to suffer a freak super storm, this year it is the already battered Philippines, which suffered a 7.2 magnitude earthquake last month, turn as Super Typhoon Haiyan, the equivalent of a Category 5 hurricane, slammed into the Philippines today after forcing thousands of people to evacuate. With sustained winds of 315 … Seguir leyendo “World’s Strongest Cyclone Ever” Slams Philippines With 200 MPH Winds

High-EndFood-FraudScandalDeliciouslySpiralsOutof Control, WhacksJapaneseConsumerConfidence http://feedly.com/k/18bswjV Today it was Hotel Okura Co., which operates landmark hotels across Japan. It confessed its restaurants had misrepresented 235 menu items. That followed confessions by leading department store chains, other high-end hotel chains, traditional ryokan hotels…. New revelations bubble up daily. And consumer confidence is taking a hit. shared via http://feedly.com Seguir leyendo High-End Food-Fraud Scandal Deliciously Spirals Out of Control, Whacks Japanese Consumer Confidence

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