For TheRich, It’sGlobalWealth-EffectRebalancingTime http://feedly.com/k/14FEAIL As we watch, night after night, the collapse in the Indian Rupee (and the nation’s stock market); whether driven by an unwind of Fed liquidity slooshing around the world or Europe’s austerity-driven surplus imbalances, it is easy to ‘feel sorry’ for the highly dispersed nation. However, we shouldn’t feel too bad for the ‘elites’ since, as the chart below shows, in … Seguir leyendo For The Rich, It’s Global Wealth-Effect Rebalancing Time

Guest Post: WhyEurope (Not The Fed) IsCrushingEmergingMarketEconomies http://feedly.com/k/17OGjeK Authoredby Daniel Gros, originallyposted at ProjectSyndicate, Emerging markets’ currencies are crashing, and their central banks are busy tightening policy, trying to stabilize their countries’ financial markets. Whoistoblamefor this stateofaffairs? A few years ago, when the US Federal Reserve embarked on yet another round of “quantitative easing,” some emerging-market leaders complained loudly. They viewed the Fed’s open-ended purchases … Seguir leyendo Guest Post: Why Europe (Not The Fed) Is Crushing Emerging Market Economies

How MicrosoftLostItsDominance http://feedly.com/k/14vMGc2 My Sunday WashingtonPostBusinessSection column is out. This morning, we look at how Microsoft’s slow decline in What’sbehindMicrosoft’sfallfromdominance?. The shortversionis this: Once Gates & Co lost its Monopoly, they were unable to generate much in the way of successful new businesses line. Their decline was inevitable unless they could become, well, a different company. That was highly unlikely. Here’s an excerpt from the … Seguir leyendo How Microsoft Lost Its Dominance

Rise of the NewGlobalSuper-Rich http://feedly.com/k/14CW8oG Technology is advancing in leaps and bounds — and so is economic inequality, says writer Chrystia Freeland. In an impassioned talk, she charts the rise of a new class of plutocrats (those who are extremely powerful because they are extremely wealthy), and suggests that globalization and new technology are actually fueling, rather than closing, the global income gap. Freeland lays … Seguir leyendo Rise of the New Global Super-Rich

Auto-CorectNtWokring (Wonkish) – NYTimes.com http://feedly.com/k/17MoNHR shared via http://feedly.com Seguir leyendo Auto-Corect Nt Wokring (Wonkish) – NYTimes.com

DE OBSCENIDADESMORALES Y ARMASQUÍMICAS http://feedly.com/k/15cAc7w “Por una vez, tenemos que usar el máximo poder de este país contra esepequeñopaís de mierda [Vietnam] para ganar la guerra. […] Henry, no tienes ni idea. Lo único en lo que tú y yo no coincidimos es en los bombardeos. A titepreocupanmucholosciviles y a mímeimportanunbledo. […] Sigo pensando que deberíamos destrozar las presas. […] prefierousarunabombanuclear. ¿Lo has entendido, Henry? … Seguir leyendo DE OBSCENIDADES MORALES Y ARMAS QUÍMICAS

Mises’s FlawedDeduction and Praxeology http://socialdemocracy21stcentury.blogspot.com/2013/09/misess–flawed–deduction-and-praxeology.html A breath-taking assertion is made by Mises in his book HumanAction about praxeology: “The scope of praxeology is the explication of the category of human action. All that is needed for the deduction of all praxeological theorems is knowledge of the essence of human action. It is a knowledge that is our own because we are men; no being of … Seguir leyendo Mises’s Flawed Deduction and Praxeology

Brussels fearsEuropean ‘industrialmassacre’ sparkedbyenergycosts – Telegraph http://feedly.com/k/19ylffH shared via http://feedly.com Seguir leyendo Brussels fears European ‘industrial massacre’ sparked by energy costs – Telegraph

The LastDrumbeat http://feedly.com/k/17QljKt Istheideaofpeakoil a falseprojectionorimpendingreality? The world has recently been exposed to many optimistic estimates on the future of oil production and the media has eagerly picked up these projections. International Energy Agency estimates that by 2020, the USA is projected to become the largest global oil producer, to the extent that it is to become a net oil exporter by 2030. These perspectives … Seguir leyendo The Last Drumbeat

The BRICspartyisover | vox http://feedly.com/k/1cGh1oh shared via http://feedly.com Seguir leyendo The BRICs party is over | vox