Seguir leyendo ¿Y Gibraltar?

RobertMurphygetsMises’sEpistemologyWrong http://feedly.com/k/1awi5ub Over at his blog, Robert Murphy is involved in a new Methodenstreit, and selectively quotes a passage from Mises that demonstrates that Murphy himself does not properly understand Mises’s epistemology: RobertMurphy, “Mises on A Priori Reasoning,” FreeAdvice, 12 September. That is underscored by this comment of his later in the post: “I was going to be snotty about it, but that would be … Seguir leyendo Robert Murphy gets Mises’s Epistemology Wrong

WhyYouShouldLearntoLovetheBrave New WorldofLowLiquidity http://www.nakedcapitalism.com/2013/09/why–you–should–learn–to–love–the–brave-new-world–of–low–liquidity.html The Financial Times reportedearlierthisweek (hat tip Scott) how banks are cutting the size of corporate bond trading desks and reducing the size of trading inventories, all as a result of big bad regulations. As a result, the banks would like us to know, investors might be hurt by a lack of liquidity! Horrors! The reporter, Tracy Alloway, is too savvy to … Seguir leyendo Why You Should Learn to Love the Brave New World of Low Liquidity

It’s China, it’sbadloans, andit’ssecuritisation http://ftalphaville.ft.com/2013/09/13/1632862/its-china-its–bad–loans–and–its–securitsation/ What could possibly go wrong? It looks increasingly likely that China is gearing up for another round of bad-loan cleansing with asset management companies seemingly beingpreparedforsome more NPLabsorption and a move towards what might be loosely termed market-based approaches to restructurings. It looks like this will include securitisation, which Chinese authorities have been dipping their toes back into since a … Seguir leyendo It’s China, it’s bad loans, and it’s securitisation

Egyptfor Sale http://feedly.com/k/1g8x6Tz Yves here. This piece provides an intriguing analysis and a lot of detail to support its thesis that Egypt’s inability to generate the income needed to make payments on IMF loans means the country is likely to have its assets stripped. But be warned that the author clearly is offended by the Arab Spring uprisings and repeatedly, and incorrectly, calls them a … Seguir leyendo Egypt for Sale

Post del forero Namreir de burbuja.info: Pues va a ser que los brotes verdes era hierba pintada de verde. La produccion industrial en julio cae un 1,5% con respecto a junio y un 2,1% con respecto a julio de 2012. Los datos lejos de mejorar, empeoran. Como unico brote verde deciros que europa ya tiene peores datos que españa. Comparación mensual (Junio/Julio) de Alemania. -2,3 … Seguir leyendo Se acelera la caida de la produccion industrial en la zona euro

It’sOfficial. America’s ‘SuezMoment’ Has Arrived http://feedly.com/k/1aFGJfn SubmittedbySimonBlackofSovereignManblog, Inthesummerof 1956, EgyptianpresidentGamalAbdelNassernationalizedtheSuez Canal, sparking a worldwide crisis. The Suez links the Mediterranean to the rest of the world, and it’s one of the most important maritime thoroughfares in international trade. So this was a big deal. Britainwas a majorstakeholderinthe canal, and almost immediately, the British government put together a small coalition consisting of the UK, France, and … Seguir leyendo It’s Official. America’s ‘Suez Moment’ Has Arrived

Italyfloatedplanstoleave euro in 2011, saysECBinsider – Telegraph Blogs http://feedly.com/k/185Jdff shared via http://feedly.com Seguir leyendo Italy floated plans to leave euro in 2011, says ECB insider – Telegraph Blogs