LatvianAdventures – NYTimes.com http://feedly.com/k/1ex858j shared via http://feedly.com Seguir leyendo Latvian Adventures – NYTimes.com

MortgageDelinquenciesHit New RecordHighInSpain; BuilderDefaultRateHits 29%; Recovery? Really? http://feedly.com/k/18IMm54 Readers know I have been extremely skeptical of reports that Spain is in some sort of economic recovery. For example, on September 18th I commented SpainonTracktoMeetBudgetTargetsSaysEconomyMinister; Data StronglySuggestsOtherwise RecoveryNonsense Today, more evidence is in that recovery talk is pure nonsense. Via translation from El Economista, please consider QuestionsRegardingtheBankingImprovement The widespread expectations that the Spanish banking has begun … Seguir leyendo Mortgage Delinquencies Hit New Record High In Spain; Builder Default Rate Hits 29%; Recovery? Really?

AmbroseEvans-Pritchard: MygrovellingapologytoHerrSchäuble: Noted http://feedly.com/k/18vY20J AmbroseEvans-Pritchard: MygrovellingapologytoHerrSchäuble: So there we have it. The [European] problem is solved. How can I not have seen it? How can any of us on this blog thread have missed it? I apologise for mentioning that unemployment is 27.8pc in Greece, 26.3pc in Spain, 17.3pc in Cyprus, and 16.5pc in Portugal, or for pointing that it would be far worse had … Seguir leyendo Ambrose Evans-Pritchard: My grovelling apology to Herr Schäuble: Noted

LIBRE MERCADO O UNA ILUSIÓN HISTÓRICA http://lavozdebida.wordpress.com/2013/09/20/libre-mercado-o-una-ilusion–historica/ “Presumo que todos saben quién soy. Soy el humilde Abraham Lincoln. Mi programa es breve y dulce como el baile de una mujer vieja. Estoy a favor de la banca nacional, del sistema de mejoras internas y de una aduana proteccionista” Abraham Lincoln, decimosexto presidente de los Estados Unidos, 1861 – 1865. “Nosotros recomendamos esa política de intercambios … Seguir leyendo LIBRE MERCADO O UNA ILUSIÓN HISTÓRICA

Plunderingtheplanet: anupdate http://cassandralegacy.blogspot.com/2013/09/plundering–planet–update.html Thisis a writtenversionof a talk I gaveatthemeetingofthe club ofRome, inOttawa, onSep 19 2013. Ladies and gentlemen, in this short talk I’ll see to give to you an update of the status of the "PlunderingthePlanet" book, which, as you know, is a report for the Club of Rome. As many of you know, the German version of the book was published in June … Seguir leyendo Plundering the planet: an update

TheMotherofAllBubbles? http://feedly.com/k/1aYCPhN UnprecedentedRisk as theWorld’sDebtbergGrows We should perhaps call this the ‘nothing bad can possibly happen’ update, because that is the message from the markets. Not only is money continuing to flow in big gobs into risk assets, market participants also no longer see any risk associated with them. What we have here is the ‘Ben helicopter effect’ in all its glory. And yet, one … Seguir leyendo The Mother of All Bubbles?

La Russie, la Syrieetl’humiliationfrançaise http://feedly.com/k/1aYBTdg L’une des choses les plus marquantes qui se dégage de la dernière session du Club Valdaï en septembre 2013 est la profonde différence dans la conception de la politique étrangère entre certains pays occidentaux (comme la France, la Grande-Bretagne et les Etats-Unis) et la Russie, appuyée par les pays émergents. Il ne faut pas s’y tromper. Si la Russie à … Seguir leyendo La Russie, la Syrie et l’humiliation française

DiscontinuityAhead – OilLimitswillAdverselyAffecttheEconomy http://feedly.com/k/1eT4JgJ What will the world economy be like ten years from now? Or fifty years from now? Is it something that we can forecast by looking at the past, assuming that past tends will continue? Figure 1 Most economists today seem to think we can rely heavily on past patterns. If we can really assume that the economy will grow at 3% … Seguir leyendo Discontinuity Ahead – Oil Limits will Adversely Affect the Economy