    LifeStraw Personal Water Filter - $19.95 Retail Price: $29.95 You Save: $10.00 from: Eartheasy.com   | zerohedge.com / By Tyler Durden / May 23, 2013, 09:41 -0400 Following the ongoing rioting in until-now-calm Sweden, we thought it interesting to revisit the increasing chance of more broad-based social unrest in Europe. With the summer rapidly approaching, austerity still heavy in the air (well fauxsterity at least), there is a massive and growing [...] acting-man.com / By Pater Tenebrarum / May 22, 2013 The Eater of Children The EU’s monetary and economic affairs commissar Olli Rehn is concerned that his reputation as the enforcer of austerity gives the wrong impression about the true nature of Olli, deep down. As the NYT reports, he wants to ‘peel [...] zerohedge.com / By F.F. Wiley / May 22, 2013, 19:31 -0400 Submitted by F.F.Wiley of Cyniconomics blog, Do you need a break from public policy buzzwords? Are you happy to go back to the days when cliffs were discussed occasionally on the National Geographic channel but not analyzed ad nauseum on CNBC? Are you tired [...] GoldMoneyNews, Published on May 22, 2013 Episode 125: Alasdair Macleod interviews the intellectual Mark Skousen (www.mskousen.com/), who has recently been added to a list of the top 20 most influential living economists, and has also had a business school named after him for his contribution to economics. Mark has a deep understanding of free [...] dailyreckoning.com.au / By Nick Hubble / May 18, 2013 It’s a story of tax evasion, disappointing Spanish investments and successful German austerity. Yes, we’re talking about soccer. In case you missed it, it’s going to be an all German final in the Champions league! Germany’s top soccer team, Bayern Munich, finished off the Spanish champions [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Monday, May 17, 2013, 1:44 PM French president Francois has had enough of austerity but claims he “cannot do it alone”. The Financial Times reports François Hollande goes on ‘offensive’ over stalled EU economy. François Hollande promised an “offensive” to bring “more growth and [...] theeconomiccollapseblog.com / By Michael Snyder / May 13th, 2013 When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over [...] zerohedge.com / By Tyler Durden / 05/12/2013 20:16 Currency wars are so pre-QE eternity. At least that is the opinion of Indian multi-billionaire Lakshmi Mittal, and owner of the world’s biggest steelmaker, who urged Europe to embrace protectionism and erect trade barriers to “protect” its manufacturers (benefiting one ArcelorMittal among others), while at the [...] acting-man.com / By Pater Tenebrarum / May 7, 2013 Deficit Spending is Just Fine It was clear that once enough time passes without further market pressure, politicians would seize the opportunity to return to their bad habits in full force. In the forefront of the EU’s ‘anti austerity’ movement we find – [...] zerohedge.com / By Tyler Durden / May 7, 2013, 11:19 -0400 The Cypriot deposit confiscation has come and gone (and in a parallel world in which the global Bernanke-put never existed and in which bank shareholders were not untouchable, this is precisely how real-time bank restructurings should have taken place), but fears [...] zerohedge.com / By Tyler Durden / May 7, 2013, 11:03 -0400 The debate rages… Soros: ”The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the [...] Mr Lafontaine said on the parliamentary website of Germany’s Left Party that Chancellor Angela Merkel will “awake from her self-righteous slumber” once the countries in trouble unite to force a change in crisis policy at Germany’s expense. telegraph.co.uk / By Ambrose Evans-Pritchard / May 5, 2013 Oskar Lafontaine, the German finance minister who [...] acting-man.com / By Pater Tenebrarum / May 3, 2013 Deficit Spending Is Not So Bad After All Carmen Reinhart and Kenneth Rogoff are apparently eager to repair their dented reputation with the economic mainstream. After having to endure and fend off an attack of Keynesian deficit spenders (see e.g. Henry Blodget [...] trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / Thursday, May 2, 2013 It was May 1 yesterday and in celebration of that great socialist holiday, “In Spain, Portugal, Greece, Italy and France tens of thousands of people took to the streets to demand jobs and an end to years of belt-tightening”. Except, no one really asked [...] blog.milesfranklin.com / By Andrew Hoffman / May 1st, 2013 Of all the words I never expected to be associated with finance, “austerity” is atop the list;particularly in today’s world of GLOBAL, UNFETTERED MONEY PRINTING. Thus far, it has been associated principally with Europe; although comically, some try to term America’s budget sequestration [...] mauldineconomics.com / By John Mauldin / April 30, 2013 Two weeks ago I wrote about the current debate over the 2010 paper by Ken Rogoff and Carmen Reinhart (hereinafter referred to as RR) on the correlation between debt and GDP growth. I said that the most important part of their work, which is [...] Encrico Letta said Italy would abide by EU budget pledges and but in reality he seems to have broken with the core demands of the EU fiscal compact telegraph.co.uk / By Ambrose Evans-Pritchard / April 29, 2013 Italy’s new premier Enrico Letta is on a collision course with Germany after [...] thedailybell.com / By Staff Report / April 29, 2013 The great economic experiment of 2013: Ben Bernanke vs. austerity … We rarely get to see a major, nationwide economic experiment at work, but so far 2013 has been one of those experiments … – Washington Post Dominant Social Theme: The Federal Reserve and the [...] Lithuania: a bubble, followed by a severe bust coupled with austerity, and the return of growth acting-man.com / By Pater Tenebrarum / April 29, 2013 A Question of Spending Discipline and Reform The Baltic States are unique in Europe in that they went through an austerity crash program a while ago [...] dailyreckoning.com.au / By Dan Denning / April 29, 2013 Ah. So that’s what happens when you spend money you expect to have and then the money fails to show up. You get a $7.5 billion federal deficit that will be around $12 billion by the end of the year. If Standard and Poor’s said Australia’s [...] zerohedge.com / By Tyler Durden / 04/27/2013 16:50 Now that the absolutely irrelevant debate over the applicability of the 90% debt/GDP Reinhart and Rogoff hard cutoff for sovereign growth is supposedly over due to an excel mistake of the type that JPMorgan did at least once to misrepresent its VaR both internally and to public [...] zerohedge.com / By Tyler Durden / 04/28/2013 11:48 Authored by Sean Corrigan of Diapason Commodities Management, In what has been a banner weak for the many serial inflationists and fans of Big Government out there, equity markets have largely reversed the declines of the previous period on the hope for – what else? – [...] zerohedge.com / By Tyler Durden / 04/28/2013 19:00 A few hours ago, Greek lawmakers approved a reform law to unlock about €8.8 billion of rescue loans from the European Union and the International Monetary Fund. The law, which was a condition for further aid installments, passed easily with the solid backing of the three parties [...] goldmoney.com / By Alasdair Macleod / April 28, 2013 There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government debt to GDP which must not be crossed, set by Professors Reinhart & Rogoff, is [...] azizonomics.com / By John Aziz / April 26, 2013 The advocates of “austerity now!” are talking about Sweden. Last year Fraser Nelson wrote in The Spectator: When Europe’s finance ministers meet for a group photo, it’s easy to spot the rebel — Anders Borg has a ponytail and earring. What actually marks [...] zerohedge.com / By Tyler Durden / 04/26/2013 08:05 It took about one week from R&R’s excel error until the first European country rebelled against “austerity” (which it never implemented in the first place, but that’s a different story). Moments ago Spain officially said to hell with Germany’s austerity, and announced it would [...] testosteronepit.com / By Wolf Richter / April 25, 2013, 12:45PM Unemployment in Spain jumped to 27.2% at the end of the first quarter, up from 26.0% in the fourth quarter. A record 6,202,700 million people were registered on the unemployment rolls that have ballooned by 563,200 over the 12-month period. The number [...] thedailybell.com / By Staff Report / April 25, 2013 The Austerity Movement Is Crumbling … The big news in economics last week was the paper by a UMASS Grad Student showing that economists Kenneth Rogoff and Carmen Reinhart had made an Excel spreadsheet blunder in their famous paper arguing that as debt-to-GDP goes above [...] |
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