ProfessorFama’s ‘Nobel’ Prizetoxictheoryexplained http://feedly.com/k/170zDkm Readers have requested a summary of the Efficient Market Hypothesis, which is in the news again as a result of the ‘Nobel’ Prize award to Professor Eugene Fama – see this instant reaction on the matter). In what follows the reader can peruse very brief presentations of the triad of toxic theories that undermined macroeconomic […] shared via http://feedly.com Seguir leyendo Professor Fama’s ‘Nobel’ Prize toxic theory explained

De ser esto cierto la verdad es que es como para echarse a temblar PetrolIncreasebecauseTradersCan’tRead http://feedly.com/k/166HT1p We all know that it’s not actually the message that is important but the way that the words are interpreted by those reading them. Never has that been more important than with Twitter. You only get 140 characters, which might be too much when we read some of the … Seguir leyendo Petrol Increase because Traders Can’t Read

Hay quien piensa que el Nobel a Fama es totalmente inmerecido YanisVaroufakis: Economics Pseudo-Nobel 2013 – AnInstinctiveReaction http://feedly.com/k/1bTqn3f ThisisNakedCapitalismfundraisingweek. 788 donorshavealreadyinvestedinoureffortstoshedlightonthedarkandseamycornersoffinance. JoinusandparticipateviaourTipJaroranothercreditcard portal, WePayintherightcolumn, orreadaboutwhywe’redoingthisfundraiserandotherwaystodonate, such as bycheck, as well as ourcurrentgoal,onourkickoff post. Andreadaboutourcurrenttargethere. Yves here. I was going to say a few words about newly-announced recipients of the award known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, but … Seguir leyendo Yanis Varoufakis: Economics Pseudo-Nobel 2013 – An Instinctive Reaction

Festival de humor España: “Fin del rescate bancario” http://feedly.com/k/GZXVPD El 14 de octubre, los ministros de Economía de la zona euro decidieron poner fin al rescate de la banca española iniciado en junio de 2012, indica Cinco Días. El diario estimaque, con esta decisión, que será oficialmente anunciada el 15 de noviembre, y el fin del programa de ayuda a Irlanda, la Unión Europea habrá … Seguir leyendo España: “Fin del rescate bancario”

A Nobel forthe Tea Party? Fama thinks Obama is a Socialist http://feedly.com/k/GZXLbf If you read in Spanish I wrote this little note on the last Bank of Sweden Prize in Memory of Alfred Nobel. Also, you may want to read the interview given by Eugene Fama to John Cassidy from the New Yorker in 2010. He says many things, but I would like to point … Seguir leyendo A Nobel for the Tea Party? Fama thinks Obama is a Socialist

WhatRecovery? EconomicSlideContinues As EmpireFedMissesByMostIn 5 Months http://feedly.com/k/GZXJjw In what feels like the first actionable macro data release in a while, the Empire Fed Manufacturing survey (yes "soft" data butit’sallwehavetoplaywithfornow) missed expectations by the most in 5 months. Againstconsensusof 7.00, the 1.52 printisthelowestin 5 monthsandthe 3rd missin a row. Once again, the employment sub-index slumped – now at its lowest since July (dismissingthatAugustspikethatwenowknowwasdrivenbytheexuberantlast-minute spendingofgovernmentbudgets). Of course … Seguir leyendo What Recovery? Economic Slide Continues As Empire Fed Misses By Most In 5 Months

ProfessorEspouses 2+2=4, LaudedwithAccoladesAndWins Nobel PrizeFor Real EstateBubbles http://feedly.com/k/17rXPGD I like Professor Shiller and respect his work. Really, I do, but… Massive bubbles, the sort of the proportion of the 2008 crisis, are nigh impossible to miss if you can add single digits successfully and are able to keep your eyes open for a few minutes at a time. Yes, I truly do feel its that … Seguir leyendo Professor Espouses 2+2=4, Lauded with Accolades And Wins Nobel Prize For Real Estate Bubbles

ECB’sDraghi: KnowingTooMuchAboutOurBigBanksCouldSetOff A Panic http://feedly.com/k/1hU8sa3 Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter European banks, like all banks, have long been hermetically sealed black boxes. If someone managed to pry open just one tiny corner, the reek of asset putrefaction that billowed out was so strong that the corner would immediately be resealed. In cases where the corner didn’t get resealed fast enough and too much of the reek … Seguir leyendo ECB’s Draghi: Knowing Too Much About Our Big Banks Could Set Off A Panic

Hay que tener en cuenta que en agosto del año pasado hubo un mes muy bueno en ventas debido al efecto anticipación de la subida del IVA, luego esta bajada es transitoria, cosa que no tiene en cuenta el artículo VATIncreaseBackfiresinSpain, Supermarket Sales Plunge 7.2% http://feedly.com/k/17rWsb3 The nannycrats in Brussels and the IMF keep pressuring Spain to hike the VAT and Spain does every time. … Seguir leyendo VAT Increase Backfires in Spain, Supermarket Sales Plunge 7.2%

Watchwhat China doeswithUSdebt, notwhatitsays – Telegraph Blogs http://feedly.com/k/1buzyDf shared via http://feedly.com Seguir leyendo Watch what China does with US debt, not what it says – Telegraph Blogs