Rising Global ManufacturingMomentumNearsAnInflectionPoint http://feedly.com/k/GFZou3 There used to be a time when US manufacturing set the pace for the entire world, and was the leading indicator for growth in developed and emerging economies around the globe. Unfortunately, in the days of the New Normal, this indicator has lost its potency, and has been replaced by the only variable that currently matters: which central bankisinjectingthemostcreditmoneyinto a fungible, … Seguir leyendo Rising Global Manufacturing Momentum Nears An Inflection Point

LavoieonAdministeredPrices http://feedly.com/k/17gRzR0 Short and concise, but insightful: “… prices set by [sc. fixprice] firms in the short run are not market-clearing prices, and are not even intended to be so. According to Lee …, this was the most striking lesson to be drawn both from Mean’s administered prices and from the surveys conducted by Hall and Hitch (1939). The novel and radical feature of the … Seguir leyendo Lavoie on Administered Prices

Palma and Galbraith onInequality http://nakedkeynesianism.blogspot.com/2013/10/palma-and–galbraith–on–inequality.html The Washington Post had a story (h/t Esteban Perez) recently about the ratio of inequality between the 10% richest and the 40% poorest, which they suggest is named the Palma ratio, after Chilean economist Gabriel Palma (see figure below). The figure suggests that the US is very unequal more so than some African countries and several in Asia, including, for … Seguir leyendo Palma and Galbraith on Inequality

IMFchidesTurkeyonrecklesspolicies as taperlooms – Telegraph http://feedly.com/k/16NlIOw shared via http://feedly.com Seguir leyendo IMF chides Turkey on reckless policies as taper looms – Telegraph

HowtheForeclosure Crisis MadetheRichEvenRicher http://feedly.com/k/1bAdGKO ThisisNakedCapitalismfundraisingweek. 53 donorshavealreadyinvestedinoureffortstoshedlightonthedarkandseamycornersoffinance. JoinusandparticipateviaourTipJaroranothercreditcard portal, WePayintherightcolumn, orreadaboutwhywe’redoingthisfundraiserandotherwaystodonate, such as bycheck, as well as ourcurrentgoal,onourkickoff post. It’s a welcome departure to see Adam Davidson’s weekly column in the New York Times, which usually puts a happy face on how the 1% are winning the class war in America, have a guest writer look at the other side of the story. Catherine Rampell … Seguir leyendo How the Foreclosure Crisis Made the Rich Even Richer

Refugiados sirios: “Cualquier lugar de Europa es mejor que Francia” http://www.presseurop.eu/es/content/article/4193241-cualquier-lugar-de-europa-es-mejor-que-francia?xtor=RSS-9 Libération, París – Mientras Suecia acaba de conceder oficialmente el estatus de refugiados a los sirios que huyen de la guerra, muchos de ellos se encuentran en condiciones lamentables en Calais. Su objetivo es llegar hasta Inglaterra, pues prefieren no esperar el largo proceso para obtener el derecho de asilo en Francia. Ver más. … Seguir leyendo Refugiados sirios: “Cualquier lugar de Europa es mejor que Francia”

Italia: “La derrota de Berlusconi” http://www.presseurop.eu/es/content/news–brief/4197311-la-derrota-de-berlusconi?xtor=RSS-9 Tras la revuelta del vice-primer ministro Angelino Alfano y los “moderados” del PDL, Silvio Berlusconi ha sido forzado a efectuar un humillante “giro de última hora”, finalmente votando a favor de la permanencia de la coalición gubernamental dirigida por Enrico Letta, y por tanto poniendo fin a la crisis política que comenzó, indica La Repubblica con satisfacción. A pesar … Seguir leyendo Italia: “La derrota de Berlusconi”

Portugal: “La troika no cede ni un milímetro” http://feedly.com/k/15SfiHO La delegación de la troika abandonará Portugal el 4 de octubre sin haber decidido sobre medida fundamental alguna durante las octava y novena revisiones del programa de rescate, escribe Diário de Notícias. La troika compuesta por la UE, el FMI y el BCE pide nuevas medidas de austeridad para compensar aquellas rechazadas por el Tribunal Constitucional. … Seguir leyendo Portugal: “La troika no cede ni un milímetro”