—- CitiWarnsTheGreatestMonetaryExperimentInTheHistoryOfTheWorldIsBeingWoundDown // ZeroHedge As Citi’s Tom Fitzpatrick, a number of local market currencies are increasingly coming under pressure and look likely to fall even further. Whether this will turn into a dynamic as severe as 1997-1998 in unclear; however, at minimum Citi believes the “change in course” by the Fed in December (guided since May) has become a “game changer” for the EM World. … Seguir leyendo Citi Warns The Greatest Monetary Experiment In The History Of The World Is Being Wound Down

—- Al Campbell: DesigningSocialism – Visions, Projections, Models // NAKEDKEYNESIANISM Edited by Al Campbell This highly readable volume explores what contemporary models of socialism have to offer for envisioning a better world and developing feasible alternatives to neoliberalism and pervasive inequality. The book is organized around clearly stated questions that capture core issues and debates. Concise contributions from leading thinkers address the theoretical and historical … Seguir leyendo Al Campbell: Designing Socialism – Visions, Projections, Models

—- Venezuela Enacts "LawofFairPrices" BanningProfitsOver 30%, with 10-YearImprisonmentforHoarding // Mish’s Global EconomicTrendAnalysis No matter how ridiculous things are, they can always get worse, especially when dealing with leftist dictators and hyperinflation setups. Via translation from El Economista, please consider Venezuela IssuesLawofFairPrices, ProhibitingProfitsOver 30%. The Fair Prices Act, an instrument with which the Government of Nicolas Maduro intends to control prices and eliminate shortages, includes a … Seguir leyendo Venezuela Enacts “Law of Fair Prices” Banning Profits Over 30%, with 10-Year Imprisonment for Hoarding

No se descarta la interposición de una querella por prevaricación contra el magistrado para tratar de impedir que interrogue a la infanta Cristina el día 8 Felipe Armendáriz. Palma ­Medios judiciales palmesanos sopesan, desde hace días, la posibilidad de que el juez José Castro sea apartado del caso Nóos, mediante la interposición de una querella contra él, o por otra maniobra, antes del 8-F, día de … Seguir leyendo Temor judicial a una maniobra para apartar a Castro del caso Nóos

—- China’sEpicOffshoreWealthRevealed: HowChineseOligarchsQuietlyParkedUpTo $4 TrillionInTheCaribbean // ZeroHedge The last time the International Consortium of Investigative Journalists made a splash in the financial media wasinApriloflastyearyearwhen it disclosed a trove of secret documents revealing a massive treasury of offshore wealth parked away from taxation-happy host governments. The context was clear: in the aftermath of the Cyprus deposit confiscation, public opinion had to turn against those who were … Seguir leyendo China’s Epic Offshore Wealth Revealed: How Chinese Oligarchs Quietly Parked Up To $4 Trillion In The Caribbean

—- FrenchBanksFace €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; MishFrench Fine Update // Mish’s Global EconomicTrendAnalysis At the risk of incurring another nonsensical fine for quoting someone on leverage and capital ratios of French banks, please consider EuropeanBanksFace $1 Trillion Gap BeforeReview. European banks have a capital shortfall of as much as 767 billion euros ($1 trillion) before the European Central Bank’s … Seguir leyendo French Banks Face €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; Mish French Fine Update

—- Top 30 HeterodoxKeynesian/MMTEconomics Blogs, Updated // Social Democracyforthe 21st Century: A Post KeynesianPerspective This is my updated list of top 30 heterodox Keynesian/MMT economics blogs. Again, it is not based on objective criteria like number of web hits, but is a rather subjective list, on the basis of how popular various sites seem to be and (in my view) their importance. Have I made … Seguir leyendo Top 30 Heterodox Keynesian/MMT Economics Blogs, Updated

—- TheMythoftheDeservingRich – NYTimes.com —- Shared via myfeedlyreader Seguir leyendo The Myth of the Deserving Rich – NYTimes.com

—- RefutingTheBiggest "Recovery" LiesInFour Simple Charts // ZeroHedge "USprofits are growing, companieshaveunderinvestedandhave no choicebuttospend more onCapEx, andcorporationshavemuchlessdebtthantheydidduringthe crisis thanksto a massivecashbuildup." These are the generic goto explanations by soundbity talking heads for why the US recovery is gaining traction with US corporations, if not so much Joe Sixpack, and why companies are still cheap. There is one problem: they are all wrong. As SocGen’s Andrew … Seguir leyendo Refuting The Biggest “Recovery” Lies In Four Simple Charts