TheMotherofAllBubbles? http://feedly.com/k/1aYCPhN UnprecedentedRisk as theWorld’sDebtbergGrows We should perhaps call this the ‘nothing bad can possibly happen’ update, because that is the message from the markets. Not only is money continuing to flow in big gobs into risk assets, market participants also no longer see any risk associated with them. What we have here is the ‘Ben helicopter effect’ in all its glory. And yet, one … Seguir leyendo The Mother of All Bubbles?

La Russie, la Syrieetl’humiliationfrançaise http://feedly.com/k/1aYBTdg L’une des choses les plus marquantes qui se dégage de la dernière session du Club Valdaï en septembre 2013 est la profonde différence dans la conception de la politique étrangère entre certains pays occidentaux (comme la France, la Grande-Bretagne et les Etats-Unis) et la Russie, appuyée par les pays émergents. Il ne faut pas s’y tromper. Si la Russie à … Seguir leyendo La Russie, la Syrie et l’humiliation française

DiscontinuityAhead – OilLimitswillAdverselyAffecttheEconomy http://feedly.com/k/1eT4JgJ What will the world economy be like ten years from now? Or fifty years from now? Is it something that we can forecast by looking at the past, assuming that past tends will continue? Figure 1 Most economists today seem to think we can rely heavily on past patterns. If we can really assume that the economy will grow at 3% … Seguir leyendo Discontinuity Ahead – Oil Limits will Adversely Affect the Economy

Minimumwagesaroundtheworld http://feedly.com/k/1aYC8Fe The figure is in Purchasing Power Parity (PPP). One should take these kind of comparisons with a certain caution. At any rate, the US seems to have a lower rate than most Western European countries and Australia. Source here. shared via http://feedly.com Seguir leyendo Minimum wages around the world

Incomeinequalityandstagnationagain http://feedly.com/k/1aYC3Bt Brief post, prompted by comment on previous post. Below the Mean Household Income Received by Each Fifth and Top 5 Percent. Note that in real terms the bottom has had no gains since the early 1970s really. And that’s true of the lowest three quintiles. Only the two highest quintiles have seen some increase in income, but at least at this level of … Seguir leyendo Income inequality and stagnation again

USIncomeGrowth Has StalledforMostAmericans http://feedly.com/k/1aYC749 The US Census released new income data, which revealed more evidence of the widening income gap between the rich and poor, prolonging the trend of the last 40 years. See more data here and here. shared via http://feedly.com Seguir leyendo US Income Growth Has Stalled for Most Americans