India ScramblesForPlan D AsStocks, CurrencyResumeCollapse http://feedly.com/k/1dE0XGF After a modestly weak start, India’s FX and stock markets accelerated lower overnight in the currency’ssecondbiggestdailycollapsein 17 years, and stocks second biggest daily plunge in 2 years. Rubbing further salt into an already gaping wound of capital outflows, S&P re-iterated its downgrade threat overnight following India dismal PMI print and this appears to have pushed the Indian government to … Seguir leyendo India Scrambles For Plan D As Stocks, Currency Resume Collapse

Rapping WhyNationsFailinQuibdó (withAlexisPlay) http://feedly.com/k/1dE0GmU Paula Moreno, director of Manos Visibles, who we mentioned in ourpreviouspost, used to be the Colombian Minister of Culture so she knows about a lot more than just the economy. Part of her agenda is to promote the amazingly rich cultural and artistic life of the Chocó (not just raise GDP per capita). So she sprung a surprise at the conference. … Seguir leyendo Rapping Why Nations Fail in Quibdó (with Alexis Play)

Tokumaru onMises’sEpistemology http://socialdemocracy21stcentury.blogspot.com/2013/09/tokumaru–on–misess–epistemology.html N. Tokumaru’s paper “Popper’s Analysis of the Problems of Induction and Demarcation and Mises’ Justification of the Theoretical Social Sciences” examines Mises’s fundamental claims about epistemology and economic methodology, and finds them wanting. Tokumaru first notes that, with respect to the natural sciences, Mises endorses what Popper called “naïve inductivism” with undefended assumptions of the uniformity of nature; that Mises also holds … Seguir leyendo Tokumaru on Mises’s Epistemology

Portugal CDSspreadwidensagain http://feedly.com/k/14nHBx4 The date is set for the troika inspectors to pay a visit to Portugal. CBSNews: – Portugal’s Finance Ministry says inspectors from the country’s bailout creditors will arrive Sept. 16 to assess Portugal’s progress on repairing its public finances and adopting economic reforms. In return for a 78 billion euros rescue package in 2011, the creditors — the International Monetary Fund, European … Seguir leyendo Portugal CDS spread widens again

Finlandia: Nokiatraspasalosmóviles a Microsoft http://feedly.com/k/1dE06pe El fabricante de equipos de telecomunicación Nokia, la joya de la corona de la industria finlandesa, anunció el 2 de septiembre que vende sus actividades de telefonía móvil y las patentes relativas al sector al gigante americano de software Microsoft por 5.440 millones de euros. La filial de móviles Nokia tendrá que cerrar durante el primer trimestre de 2014, según … Seguir leyendo Finlandia: Nokia traspasa los móviles a Microsoft

ISM ManufacturingindexincreasesinAugustto 55.7 http://feedly.com/k/18ACgnp The ISM manufacturing index indicated faster expansion in August. The PMI was at 55.7% in August, up from 55.4% in July. The employment index was at 53.3%, down from 54.4%, and the new orders index was at 63.2%, up from 58.3% in July. From the Institute for Supply Management: August 2013 ManufacturingISMReportOnBusiness® Economic activity in the manufacturing sector expanded in August … Seguir leyendo ISM Manufacturing index increases in August to 55.7

Para la orientación que pretendo darle a este blog, creo que es bueno que vayamos aclarando conceptos que luego nos servirán de punto de unión en el relato sobre la crisis que iremos elaborando. Por eso repito algunos conceptos que ya había tratado en otra ocasión. Al fin y al cabo, la batalla de las ideas siempre se empiezan a ganar en esa deliimitación previa. Hay también un segundo motivo. La mayoría de … Seguir leyendo Definiciones clásicas

Esperemos a las afiliaciones de la seguridad social que es lo que realmente importan. Por cierto todavía no las han dicho cuando normalmente siempre salen los dos datos juntos. El excelente mes estival que comentó este lunes el presidente del Gobierno se ha cerrado con una importante caída en las afiliaciones a la Seguridad Social. El paro registrado bajó en agosto por sexto mes consecutivo, … Seguir leyendo No es un error: el “mejor agosto en años” se cierra con 31 parados registrados menos

AsiaPac StocksTest 3-MonthHighsAsChinaServicesPMIDroopsTo 11-MonthLow http://feedly.com/k/15od0Qa China’s Manufacturing PMI printed in line with its Flash estimate last night and the ServicesPMIjustprinted at a disappointing 11-monthlowasthe 2 segmentsoftheeconomydivergebytheirmostonrecord. The ‘good’ news that Obama backed away from the big red button for 5 minutes (and improving European PMIs) is spurring some more catch up in Asia tonight and while critical nations like India (whose PMI was dismal) and … Seguir leyendo AsiaPac Stocks Test 3-Month Highs As China Services PMI Droops To 11-Month Low