—- China’sFakeExportNumbersUnderCloseScrutiny // Mish’s Global EconomicTrendAnalysis China’s export numbers are so unbelievable that even mainstream media doesn’t believe them. Bloomberg has the story correct, but its title could use a bit more punch. Please consider China TradePuzzleRevived as HongKong Data Diverge China’s trade numbers, distorted by fake exports last year, are set to come under renewed scrutiny after a discrepancy between Hong Kong and Chinese … Seguir leyendo China’s Fake Export Numbers Under Close Scrutiny

—- WhyShaleOilBoosters Are CharlatansInDisguise // ZeroHedge Something has bothered me of late: why is the price of crude oil still elevated? Other commodities have taken a battering since 2011. Gold, copper and iron ore – all are way down off their peaks. But oil has seemingly defied gravity. And that’s despite increased supply from shale oil in the U.S., still soft demand particularly in the … Seguir leyendo Why Shale Oil Boosters Are Charlatans In Disguise

—- CitiWarnsTheGreatestMonetaryExperimentInTheHistoryOfTheWorldIsBeingWoundDown // ZeroHedge As Citi’s Tom Fitzpatrick, a number of local market currencies are increasingly coming under pressure and look likely to fall even further. Whether this will turn into a dynamic as severe as 1997-1998 in unclear; however, at minimum Citi believes the “change in course” by the Fed in December (guided since May) has become a “game changer” for the EM World. … Seguir leyendo Citi Warns The Greatest Monetary Experiment In The History Of The World Is Being Wound Down

—- Al Campbell: DesigningSocialism – Visions, Projections, Models // NAKEDKEYNESIANISM Edited by Al Campbell This highly readable volume explores what contemporary models of socialism have to offer for envisioning a better world and developing feasible alternatives to neoliberalism and pervasive inequality. The book is organized around clearly stated questions that capture core issues and debates. Concise contributions from leading thinkers address the theoretical and historical … Seguir leyendo Al Campbell: Designing Socialism – Visions, Projections, Models

—- Venezuela Enacts "LawofFairPrices" BanningProfitsOver 30%, with 10-YearImprisonmentforHoarding // Mish’s Global EconomicTrendAnalysis No matter how ridiculous things are, they can always get worse, especially when dealing with leftist dictators and hyperinflation setups. Via translation from El Economista, please consider Venezuela IssuesLawofFairPrices, ProhibitingProfitsOver 30%. The Fair Prices Act, an instrument with which the Government of Nicolas Maduro intends to control prices and eliminate shortages, includes a … Seguir leyendo Venezuela Enacts “Law of Fair Prices” Banning Profits Over 30%, with 10-Year Imprisonment for Hoarding