Whopping 932,000 AmericansDropOutOf Labor ForceInOctober; ParticipationRateDropsToFresh 35 YearLow http://feedly.com/k/1d3Cur7 The only two charts that matter from today’s distroted nonfarm payrolls report. First, the labor force participation rate, which plunged from 63.2% to 62.8% – thelowestsince 1978! But more importantly, the number of people not in the labor force explodedbynearly 1 million, or 932,000 to be exact, in just the month of October, to a record … Seguir leyendo Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low

High-EndFood-FraudScandalDeliciouslySpiralsOutof Control, WhacksJapaneseConsumerConfidence http://feedly.com/k/18bswjV Today it was Hotel Okura Co., which operates landmark hotels across Japan. It confessed its restaurants had misrepresented 235 menu items. That followed confessions by leading department store chains, other high-end hotel chains, traditional ryokan hotels…. New revelations bubble up daily. And consumer confidence is taking a hit. shared via http://feedly.com Seguir leyendo High-End Food-Fraud Scandal Deliciously Spirals Out of Control, Whacks Japanese Consumer Confidence

Vulgar Austrians do notUnderstandAustrianPriceTheory http://feedly.com/k/18d8jtX Certain vulgar and ignorant internet Austrians actually seem to believe that Austrian price theory does not have a fundamental role for the idea of flexible prices and wages that, in market trades by buyers and sellers, are moved towards their market-clearing levels to clear product markets by equating quantities demanded with quantities supplied, so that economic coordination and full use … Seguir leyendo Vulgar Austrians do not Understand Austrian Price Theory

República Checa: “Orden de arriba: el euro a 27 coronas” http://feedly.com/k/HCxrDN Por vez primera desde 2002, el Banco Nacional Checo (CNB) ha intervenido en el mercado de cambios, devaluando la moneda nacional con objeto de estimular las exportaciones, principal motor de la economía del país, así como la inflación, que permanece muy débil. “En espacio de 30 minutos, el euro aumentó 1 corona para alcanzar … Seguir leyendo República Checa: “Orden de arriba: el euro a 27 coronas”

BankofSpain "Discovers" €20.50 BillioninHidden Non-PerformingLoans; BankofSpainTranslated http://feedly.com/k/1aGyDT4 Via translation, El Economista reports the BankofSpainDiscovers €20.50 BillionHiddenDelinquencies. Emphasis on the word "discovers" not added. Non-performing loans of Spanish banks to the end of September totaled €92.224 billion euros, 29% more than the €71.660 billion according to preliminary data included in the last Bulletin Financial Bank of Spain. TheBankofSpainurgedbankstoreview loan portfoliosbeforetheSeptember 30 deadline. [Mish note: Once again, … Seguir leyendo Bank of Spain «Discovers» €20.50 Billion in Hidden Non-Performing Loans; Bank of Spain Translated