AlbertEdwards: "At A RecordHigh Median PriceTo Sales Ratio" ThereIs "NothingWorthBuying" http://feedly.com/k/1fVnTCu Spoiler alert: Albert Edwards is not exactly bullish. Perhaps like Rosenberg, he too needs to spend a weekend or two on the Ray Dalio ranch. First on China: Chinese policy makers are locked in the same old failed credit simulative policies as the west to keep growth going. Indeed, the Chinese GDP ship appears … Seguir leyendo Albert Edwards: «At A Record High Median Price To Sales Ratio» There Is «Nothing Worth Buying»

TheOilDrumwriters: Where are theynow? http://feedly.com/k/18J540N NateHagens is at TheMonkey Trap JoulesBurn (Brian Maschhoff) is at Picojoule EuanMearns is at EnergyMatters HeadingOut (Dave Summers) is at Bit ToothEnergy RuneLikvern is at FractionalFlow GailtheActuary (Gail Tverberg) is at OurFiniteWorld ChrisVernon is at ChrisVernon BigGav is at PeakEnergy Australia RobertRapier is at EnergyTrendsInsider jeffvail is at JeffVail Jérôme à Paris is at EuropeanTribune philhart is at PhilHart Luís … Seguir leyendo The Oil Drum writers: Where are they now?

Krugman poniendo el dedo en la llaga MaybeEconomicsIs A Science, ButManyEconomists Are NotScientists – NYTimes.com http://feedly.com/k/He0k8N shared via http://feedly.com Seguir leyendo Maybe Economics Is A Science, But Many Economists Are Not Scientists – NYTimes.com

Vaya y yo que creí que el euro era lo más de lo más Britons, Polesapart http://feedly.com/k/1aG7BGj WHILE the euro zone has been slowly emerging from recession, two European countries outside the club have, so far this year, enjoyed speedy economic recoveries. The economies of Britain and Poland have both rebounded from growth dips last year, exceeding most analysts’ expectations for 2013 (see chart). As … Seguir leyendo Britons, Poles apart

EarningsRealityInOneChart http://feedly.com/k/1eJbePZ Only 38% of S&P 500 companies that have reported have beaten revenue expectations – compared to a historical average of around 46%. As Bloomberg notes, Q3 2013 will be thefirst time for 3 consecutivequartersofsub-50% meetingexpectationssincetheirrecordsbegan. Earnings are not much better having seen a slide in performance relative to expectations for 4 quarters now. It seems the hockey–stickof H2 2013 earningshopethatwe so vociferouslypointedout as … Seguir leyendo Earnings Reality In One Chart

New Rules forItalyBanks "I’llGuaranteeYourDerivativesIfYouGuarantee Mine" http://feedly.com/k/1bdzjLY New Basel III rules require extra capital for derivative positions. Banks in Italy have already figured out a way around that rule. Eurointelligence reports … We have been on the watch-out for stories that government and central banks encourage banks to continue to act as buyers of last resort of government debt. Here is one from Reuters, according to … Seguir leyendo New Rules for Italy Banks «I’ll Guarantee Your Derivatives If You Guarantee Mine»