A Stunning 60% OfAllHomePurchases Are "CashOnly" – A 200% JumpInFiveYears http://feedly.com/k/16fuaSJ Remember when housing was the primary aspirational asset for a still existent US middle class, to be purchased with some equity down by your average 30 year-old hoping to start a family in his or her brand new home, and, as the name implies, aspire to reach the American dream? Those days are long … Seguir leyendo A Stunning 60% Of All Home Purchases Are “Cash Only” – A 200% Jump In Five Years

Último post de Antonio Turiel Apocalipsis no http://feedly.com/k/16rbcLp Queridos lectores, Hace ya tiempo que en el cine, en las novelas, en las series de televisión, en los cómics y en los videojuegos – en suma, en los medios que constituyen actualmente la expresión de la cultura popular – se puede encontrar relatos de un futuro más o menos apocalíptico. En el mundo de los videojuegos … Seguir leyendo Apocalipsis no

Egypt’sArmyPutsCountryOnPathToEconomicDestruction http://feedly.com/k/13o7txE ByFarahHalime, Cairo: The bloody events of the last 24 hours have destroyed any chance of political reconciliation. Tourism and foreign investment, already hit hard, will dry up. The cabinet will fall apart. Aid will be hard to come by. The nation, now highly vulnerable, is on its own. shared via http://feedly.com Seguir leyendo Egypt’s Army Puts Country On Path To Economic Destruction

China, JapanSellMostUSPaperInYears; ForeignTreasuryHoldingsAt 2013 Lows http://feedproxy.google.com/~r/zerohedge/feed/~3/DJIn103vmIA/story01.htm And the bid hits just keep on coming. While previously we reportedthe foreigners as an aggregate class sold the most gross US securities ever in the month of June, we also learned that in June the biggest selling came from America’s two largest creditors: China and Japan (excluding the Fed of course, whose P&L losses are now approaching $300 … Seguir leyendo China, Japan Sell Most US Paper In Years; Foreign Treasury Holdings At 2013 Lows

Thursday (Un)Humor: TheIMF’sEuropeanGrowthExpectations http://feedproxy.google.com/~r/zerohedge/feed/~3/0_N1qkSboOQ/story01.htm With all the excitement over France and Germany’s emergence from recession based on this morning’s advance first-guess GDP data – a recovery-less recovery the likes of which the US has been languishing in for years – we thought it worth a reminder of the hopeful hockey-stick growth embedded in the IMF’s forecast for the European Union. Assuming that Europe is still … Seguir leyendo Thursday (Un)Humor: The IMF’s European Growth Expectations

Lee’s Post KeynesianPriceTheory: Chapter 2 http://socialdemocracy21stcentury.blogspot.com/2013/08/lees-post-keynesian–price–theory.html The second chapter of Frederic S. Lee’s Post KeynesianPriceTheory (Cambridge, 1998) continues to study the career and work of Gardiner C. Means, an American Institutional economist and researcher. Means came to see “administrative coordination” as a fundamental concept for the internal operations of corporations (Lee 1998: 48). Means identified three ways to conceptually categorise market economies as follows: (1) … Seguir leyendo Lee’s Post Keynesian Price Theory: Chapter 2

StumblingBlockstoFiguringOutthe Real OilLimitsStory http://feedproxy.google.com/~r/theoildrum/~3/cvNLIeX5LUE/10182 The story of oil limits is one that crosses many disciplines. It is not an easy one to understand. Most of those who are writing about peak oil come from hard sciences such as geology, chemistry, and engineering. The following are several stumbling blocks to figuring out the full story that I have encountered. Needless to say, not all of those … Seguir leyendo Stumbling Blocks to Figuring Out the Real Oil Limits Story

MarketstestingBrazil’s central bankagain, as currencytouches new lows http://soberlook.com/2013/08/markets–testing–brazils-central-bank.html Brazil’s financial markets remain under pressure. In spite of some recent interventions, including a rate hike, the currency touched another multi-year low today. The market is "testing" the central bank with bets that the real has more downside (many economists think it is still overvalued). The currency has also come under pressure due to a wide open … Seguir leyendo Markets testing Brazil’s central bank again, as currency touches new lows

ScientistsGain New InsightIntoClimateChange … AndWhatTo Do AboutIt http://feedly.com/k/17oTnZW FrackThat "Clean natural gas" from fracking has been touted for years as a cure for global warming. But scientists say that fracking pumps out a lot of methane … into both ourdrinkingwater and theenvironment. Methane is a powerful greenhouse gas: 72 times more potent as a warming source than CO2. As such, fracking actually increases – ratherthandecreases … Seguir leyendo Scientists Gain New Insight Into Climate Change … And What To Do About It