ThePainInSpainIsMainly… Everywhere http://feedproxy.google.com/~r/zerohedge/feed/~3/Tqfm0X0t_FQ/story01.htm Despite the ratings agencies (Moody’s Dec 5th and S&P Nov 22nd) seemingly premature raising of the outlook for the nation’s sovereign credit rating (from negative to stable), economic hardship in Spain looks likely to continue as loan defaults surge andtheunemploymentrateremainsthesecondhighestintheEU. 25% ofWorkingPopulationtoStayUnemployed The IMF predicts Spain’s unemployment rate will remain at 25 percent or higher until 2018 even after the nation exited … Seguir leyendo The Pain In Spain Is Mainly… Everywhere

AdministeredPricesDiscredittheAustrianEconomicTheoriesof Mises http://feedly.com/k/1jIQkne Why? The reason is that Austrian economics – via the work of Mises – is fundamentally dependent on the idea of flexible prices and wages moving at least towards their market clearing values in a way that allegedly coordinates markets. Although Austrians do not think that economies ever actually reach an equilibrium state (such as Mises’s final state of rest) because of … Seguir leyendo Administered Prices Discredit the Austrian Economic Theories of Mises

WhyYou Are SpeculatingInsteadofInvesting http://gonzalolira.blogspot.com/2013/12/why–you-are-speculating–instead–of.html Peoplebuyingassets—stocks, bonds, commodities, real estate—are ignoringtheassets’ returns–on–investment, andinsteadpinningtheirhopesthatwhattheybuytodaywillgoupinpricetomorrow. Thisisn’t “investing”—it’sspeculating. Whyisthishappening? Easy—readon. Tell me if this rings a bell: You spent a lifetime putting together a little nest egg, and you want to invest it in something that makes a decent return-on-investment. Something safe and boring, because you don’t want to spend a sleepless night worrying about your money. Instead, you’re … Seguir leyendo Why You Are Speculating Instead of Investing

IMF’sLargardesays euro crisis notsolved, demandspre-emptiveactionfromECB http://telegraph.feedsportal.com/c/32726/f/568320/s/34a6c9ee/sc/25/l/0L0Stelegraph0O0Cfinance0Cfinancialcrisis0C10A50A86660CIMFs0ELargarde0Esays0Eeuro0Ecrisis0Enot0Esolved0Edemands0Epre0Eemptive0Eaction0Efrom0EECB0Bhtml/story01.htm Christine Lagarde, the IMF’s managing director, says it is premature to declare the eurozone crisis over shared via http://feedly.com Seguir leyendo El FMI aguándole la fiesta a Mariano