NY Fed: Empire State Manufacturing Activity “held steady” in October

NYFed: EmpireStateManufacturingActivity "heldsteady" inOctober http://feedly.com/k/1fzQYDh From the NY Fed: EmpireStateManufacturingSurvey The October 2013 Empire State Manufacturing Survey indicates that business conditions held steady for New York manufacturers. The general businessconditionsindexfell 5 pointsto 1.5. The new orders index rose five points to 7.8 … Labor market conditions were also steady, with the index for number of employees falling four points to 3.6 and the average workweek … Seguir leyendo NY Fed: Empire State Manufacturing Activity “held steady” in October

El Eurogrupo no permitirá a España un segundo rescate bancario… ni España lo desea: no puede afrontar más deuda

Máxime ahora que la prima de riesgo marca a la baja y la bolsa repunta. Además, a la troika le preocupa, y mucho, la banca francesa e italiana. En cualquier caso, las autoridades comunitarias exigen a Rajoy que cumpla con el déficit y que acelere las reformas.   Definitivo: el rescate bancario europeo terminará el próximo 31 de diciembre, esto es, Europa no va a prorrogar … Seguir leyendo El Eurogrupo no permitirá a España un segundo rescate bancario… ni España lo desea: no puede afrontar más deuda

Surprise! Europe’s Banks Are STILL Totally Insolvent…

Surprise! Europe’sBanks Are STILLTotallyInsolvent… http://feedly.com/k/1662tz3 While the US continues to bumble its way towards a debt ceiling crisis (somehow our President doesn’t have time to meet work on solving this, but does have time to make sandwiches with volunteers and give press statements about how we wants to work), Europe continues to make us look good by comparison. Remember how we were told time and … Seguir leyendo Surprise! Europe’s Banks Are STILL Totally Insolvent…

UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble”

UKHomePricesHitAll-Time-Highs As BOE Sees "No Bubble" http://feedly.com/k/1hSzI90 U.K. houseprices rose to a recordlastmonth as easier access to credit drove first-time buyers back to the market. As Bloomberg reports, the second phase of the government’s Help to Buy program was introduced this week, providing government-guaranteed mortgages to buyers with smaller deposits. The acceleration has fueled further concerns that the initiative may stoke a bubble. But have … Seguir leyendo UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble”

Two Views of our Current Economic and Energy Crisis

TwoViewsofourCurrentEconomicandEnergy Crisis http://feedly.com/k/1936Fxy As the US heads toward debt default and continues with government shutdown, the underlying reason for the predicament is generally not clear to the American people or the world. The story that the press has generally been feeding us places the problem as basically a temporary one, caused by conflicts between the Democrats and Republicans. It seems to me that the problem … Seguir leyendo Two Views of our Current Economic and Energy Crisis

Student loans are the only bubble still around

Studentloans are theonlybubblestillaround http://feedly.com/k/1gGEGb5 Debt deleveraging has taken place in the mortgage market as well as in the credit card market, but not in the student loans market. And that is reflected in the delinquency rates. Student loans have now a higher delinquency rate than the other two categories. And this is only getting worse with the terrible labor market conditions. For more see the … Seguir leyendo Student loans are the only bubble still around