Spain-BasedFagor, Europe’sFifthLargestApplianceMaker, OnVergeOfBankruptcy http://feedproxy.google.com/~r/zerohedge/feed/~3/i3cRH02HYmM/story01.htm There has been much media insinuation in recent months that just because Spain’s economy has virtually shuttered, and imports have slid to unprecedented low levels in the process pushing the (adjusted) GDP beancount positive for the first time in 3 years, that things are somehow getting better. What the media has roundly ignored is that as a result of the collapse … Seguir leyendo Spain-Based Fagor, Europe’s Fifth Largest Appliance Maker, On Verge Of Bankruptcy

SouthernEuropeison a precipice – Telegraph http://feedly.com/k/1gjEIXP shared via http://feedly.com Seguir leyendo Southern Europe is on a precipice – Telegraph

CorporateProfitsAfterTax http://feedproxy.google.com/~r/TheBigPicture/~3/WSZtvStzLL0/ Billionsofdollars, seasonallyadjusted, aftertaxwithoutinventoryvaluation (IVA) and capital consumptionadjustments (CCAdj). Source: FRED I have been trying to explain to some of my more Fed obsessed friends there are factors outside the central bank that matter also. One such factor is corporate profits. As the chart from the Federal Reserve Bank of St. Louis shows, after tax Corporate Profits are at all time highs. And while … Seguir leyendo Corporate Profits After Tax

PlannedObsolescence, as MythorReality – NYTimes.com http://mobile.nytimes.com/blogs/economix/2013/10/31/planned–obsolescence-as-myth–or–reality/?_r=0 shared via http://feedly.com Seguir leyendo Planned Obsolescence, as Myth or Reality – NYTimes.com

ChicagoPMIExplodesMostOnRecordTo 31-MonthHigh; BiggestBeatEver http://feedly.com/k/1h3aERu Sometimesyoujusthavetolaugh… Chicago, it would seem, felt not just no bad impact from the government shutdown (that so many asset managers and CEOs have proclaimed as the reason for any slowdown – and the need to avoid a Taper) but it roaredtoitshighestsinceMarch 2011. This blewexpectationsawaybythemostonrecord (8-sigma). New orders are at the highest level since October 2004. October’s advance in the Barometer was … Seguir leyendo Chicago PMI Explodes Most On Record To 31-Month High; Biggest Beat Ever

EuropeStunsWith "Surprising" RecordHighUnemploymentPrint, InflationAt 4 YearLow; Euro Tumbles http://feedly.com/k/17z8SSb Those following the Euro FX pairs saw a plunge at 6 am Eastern, when Eurostat releasedthe latest Eurozone unemployment and inflation statistics. They were, in a word, abysmal. After the August unemployment data finally saw a modest drop forcing many to announce the end of the European depression, not only did the the September number revise … Seguir leyendo Europe Stuns With “Surprising” Record High Unemployment Print, Inflation At 4 Year Low; Euro Tumbles

Bélgica: “La N-VA transforma Bélgica en un tanatorio” http://feedly.com/k/1h39Vjc "Casi no quedará nada de Bélgica", avisa De Standaard, al día siguiente de la presentación, el 30 de octubre, del proyecto de nueva "confederación de Bélgica" imaginado por Bart De Wever, dirigente del partido nacionalista N-VA (Alianza Neo-flamenca). Según este texto, Flandes y Valonia se convertirían en Estados federados que detentarían "la mayoría de los poderes", … Seguir leyendo Bélgica: “La N-VA transforma Bélgica en un tanatorio”

ScathingAttackonRajoyinSpanishPress; SpainonBrinkofDeflation, CPIGoesNegative http://feedly.com/k/1crFy3Y Spain’s CPI has declined for four consecutive months and eight out of the last twelve. A decline of .4 percentage points in October pushed the CPI negative for the first time since 2009. Via translation from El Economista The Consumer Price Index (CPI) fell four tenths of a percent in October to -0.1% due to falling prices of food and non-alcoholic … Seguir leyendo Scathing Attack on Rajoy in Spanish Press; Spain on Brink of Deflation, CPI Goes Negative