Italian Families’ Spent 11% Less On Christmas Gifts In 2013

ItalianFamilies’ Spent 11% LessOnChristmasGiftsIn 2013 http://feedly.com/k/1fJR0pd According to pundits, 2012 was the worst year for the Eurozone’s peripheral economies, only worse than the just as tumultuous 2011, while 2013 was – if only listens to Europe’s propaganda masters – a year of recovery thanks to the ECB’s "whatever it takes" mentality. Which fails to explain why families in recession-battered Italy spent 11.4% lessongiftsthisChristmasthanlastyearandoneinfivehouseholdsdidwithoutpresentscompletely, according to … Seguir leyendo Italian Families’ Spent 11% Less On Christmas Gifts In 2013

BofAML Asks “Is This The End Of Bitcoin?”

BofAMLAsks "IsThisTheEndOfBitcoin?" http://feedly.com/k/1hCXWWC Following David Woo’sinitial $1300 fair–valuepricetargetforBitcoin, the BofAML strategist has had to suffer through some significant changes; not the least of which is China’s increasingly strict Bitcoin regulation. The shifts, he notes, raisekeyquestionsaboutthefutureofBitcoin as he asks "is this the end of Bitcoin?" ViaBofAML’s David Woo, Although this has yet to be officially confirmed, there are reports that the People’sBankof China (PBOC) has bannedthird-partyBitcoinpaymentcompaniesfrommakingrenminbidepositstoBitcoinexchanges. … Seguir leyendo BofAML Asks “Is This The End Of Bitcoin?”

Giant US Retailer to Accept Bitcoin

GiantUSRetailertoAcceptBitcoin http://feedly.com/k/Jbg5hD Overstock.com – the American internet retailer with over a billiondollarsperyear in sales – will accept Bitcoin starting in 2014. As Overstock CEO Patrick Byrne told the Financial Times: I think a healthy monetary system at the end of the day isn’t an upside down pyramid based on the whim of a government official, but is based on something that they can’t control. If … Seguir leyendo Giant US Retailer to Accept Bitcoin

Average 30-Year Mortgage Rate Hits 4.47% (Not Counting Fees); Affordability Check

Average 30-YearMortgageRateHits 4.47% (NotCountingFees); AffordabilityCheck http://feedly.com/k/1fsXIA3 USA Today reports Average 30-yearmortgageratemovesupto 4.47% Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan increased to 4.47% from 4.42% last week. The average on the 15-year fixed loan rose to 3.51% from 3.43%. A government report issued Wednesday showed that U.S. builders broke ground on homes in November at the fastest pace in more than … Seguir leyendo Average 30-Year Mortgage Rate Hits 4.47% (Not Counting Fees); Affordability Check

EU28 surplus up to 153 bn euro in 2012

EU28 surplusupto 153 bn euro in 2012 http://feedly.com/k/18TLf3W EU28 international trade in services increased in 2012, with EU28 exports of services to the rest of the world rising by 9%, from 609 billion euro in 2011 to 662 bn in 2012, and EU28 imports by 6%, from 478 bn to 509 bn. As a result, EU28 trade in services recorded a surplus of 153 bn … Seguir leyendo EU28 surplus up to 153 bn euro in 2012

83 Numbers From 2013 That Are Almost Too Crazy To Believe

83 NumbersFrom 2013 That Are AlmostTooCrazyToBelieve http://feedly.com/k/1kfmd7q SubmittedbyMichaelSnyderofTheEconomicCollapseblog, During 2013, Americacontinuedtosteadilymarchdown a self-destructivepathtowardoblivion. As a society, ourdebtlevels are completelyandtotallyoutof control. Ourfinancialsystem has beentransformedintothelargest casino ontheentireplanetandourbigbanks are behavingeven more recklesslythantheydidjustbeforethelastfinancial crisis. WecontinuetoseethousandsofbusinessesandmillionsofjobsgetshippedoutoftheUnitedStates, andthemiddleclassisbeingabsolutelyeviscerated. Duetothelackofdecentjobs, povertyisabsolutelyexploding. Governmentdependenceisatanall-time highandcrimeisrising. Evidenceof social and moral decayisseeminglyeverywhere, andourgovernmentappearsto be goinginsane. Ifwe are goingtohaveanyhopeofsolvingtheseproblems, the American people need to take a long, hard look in the mirror and finally admit how bad … Seguir leyendo 83 Numbers From 2013 That Are Almost Too Crazy To Believe

What If There’s A Recession in 2014?

WhatIfThere’s A Recessionin 2014? http://feedly.com/k/1dHvKiI Ifpolicymakersweregunfighters, they’d be outofbullets: Theyhaverunoutofeffectivepolicytoolstoimprovetheeconomy. So thequestionis simple: Ifthereis a recessionin 2014, andpolicymakers are outofbullets, howwillitplayoutacrosstheAmericaneconomy? WhattheFedislookingat.Recently, Deutsche Bank’s Jim Reid very astutely pointed out that the current “expansion” of the U.S. economy is on its fifth year—the seventh longest in history. We are due for a recession. Now, before facing up to a possible 2014 recession, let’s ask ourselves: … Seguir leyendo What If There’s A Recession in 2014?

As Bitcoin Transaction Volume Triples Since October, Europe Prepares To Regulate, Tax The Digital Currency

As BitcoinTransactionVolume Triples SinceOctober, Europe Prepares ToRegulate, TaxThe Digital Currency http://feedly.com/k/1ffaOR4 Representing numbers that would put the adoption curve of Obamacare to shame, the Bitcoin equivalents of Paypal, BitPay, announced last week that it has now processed over $100 million in BTC transactions in 2013, has increased its merchant base to over 15,500 approved merchants in over 200 countries, but most importantly, has seen a … Seguir leyendo As Bitcoin Transaction Volume Triples Since October, Europe Prepares To Regulate, Tax The Digital Currency