DidCapitalismFail? http://feedly.com/k/13WTHjy Regulators, bankers, and rating agencies bear much of the blame for the 2008 crisis. But the near-meltdown was not so much a failure of capitalism as it was a failure of contemporary economic models’ understanding of the role and functioning of financial markets – and, more broadly, instability – in capitalist economies. shared via http://feedly.com Seguir leyendo Did Capitalism Fail?
PIIGSBondsGetSlaughteredAtClose http://feedly.com/k/13ZC6HO PortugueseandItaliansovereignbondspreadshaverisenforfourweeksin a row now (with Portugal +29bps this week alone and near 2013 wides) but the close today was unusual in its agression. Portugal had been blowing wider since yesterday, but minutes beforetheclosetoday, SpainandItalywereslammedhigherinyield/spreadandlowerinprice (BMPS unwinding?) Of course European stocks didn’t care – Greece up 5.6% on the week, Spain +3.3%, Italy +3%… "fixed" 4th week in a row that EU bond spreads … Seguir leyendo PIIGS Bonds Get Slaughtered At Close
India HousingBubbleBursts; PanicComingNext http://feedly.com/k/15qrfaT On August 1, in India HousingBubbleStillExpanding I posted a series of charts by Deepak Shenoy, an economic blogger at Capital Mind in India. Those charts showed the bubble in India was alive and growing. Here is one of the charts and a small bit of commentary …. As of March 2013, Prices have more than doubled since 2009. The All-India Index … Seguir leyendo India Housing Bubble Bursts; Panic Coming Next
Guapo incoming… MeninBlackReturntoSpain; ECBComplainsofTooMuchLeeway; AlarmBells Ring "More TaxHikesComing" http://feedly.com/k/13Y1A8v MeninBlackReturn Via translation, La Vanguardia reports MeninBlackWill Examine BankBailoutonMonday A mission of experts from the International Monetary Fund (IMF) will arrive in Madrid on 16 September to discuss with government and private sector rescue progress and Spanish banking sector reform, reported a spokeswoman for the international institution. The IMF and inspectors from the European Commission and … Seguir leyendo Men in Black Return to Spain; ECB Complains of Too Much Leeway; Alarm Bells Ring «More Tax Hikes Coming»
IMFwarnsFranceonausterityoverkill – Telegraph http://feedly.com/k/13ZBoKD shared via http://feedly.com Seguir leyendo IMF warns France on austerity overkill – Telegraph
IMFfears China iscourtingfate as creditsoarsagain – Telegraph http://feedly.com/k/13YfaZx shared via http://feedly.com Seguir leyendo IMF fears China is courting fate as credit soars again – Telegraph
Hoy hablamos sobre la sitación del sector financiero español y si está mejorando tanto como Gobierno y responsables de la banca están pregonando con Francisco Guillén. Conduce Juan Carlos Barba. Escuchar y/o descargar en ivoox. Fotografía de Arguez Seguir leyendo El pozo de la banca – Economía Directa 14-09-2013
Hoy hablamos sobre los acontecimientos que tuvieron lugar durante la Diada en Catalunya, sobre el desastre de la delegación española en la defensa de la cadidatura de Madrid a los Juegos Olímpicos de 2020, sobre el sistema autonómico, los nacionalismos y los últimos tejemanejes de la castuza. Con Jorge Batista Prats. Conduce Pepe Crespo. Escuchar y/o descargar en ivoox. Fotografía de Callafelvalo Seguir leyendo Castuzas en el Olimpo – Polinomia 13-09-2013
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
