WhyHayek’sTheoryofPricesandKnowledgeisFlawed http://feedly.com/k/18uhtIv Frederic S. Lee explains in the passage below from insights by the British economist GeorgeRichardson: “After reading Friedrich Hayek’s article on economics and knowledge (Hayek, 1937), Richardson became concerned with the theoretical problem of the market conditions under which the enterprise could expect to generate the necessary information on which to base its investment decisions. Approaching the problem theoretically, Richardson first argued that … Seguir leyendo Why Hayek’s Theory of Prices and Knowledge is Flawed

ECBcontemplating new LTRO – with a twist http://feedly.com/k/IsCneP As discussed back in September (see post), the ECB may be forced to take further action in an attempt to reignite the area’s recovery. The central bank’s consolidated balance sheet is continuing to decline and many are blaming this reduced liquidity for the area’s weak credit growth as well as tepid and uneven economic expansion. It was … Seguir leyendo ECB contemplating new LTRO – with a twist

BitcoinNowWorth More ThanGold http://feedly.com/k/1abCPEx UPDATE: … AndthenBitcoincollapses 13% minutes later… It seems the growing tensions in Asia (Japan-China sabre–rattling and Indian capital controls) have prompted more great rotation out of fiat and into digital currency as China/India markets open. For the first time ever, the price of one unit of Bitcoin exceeds the price of an ounce of gold… 1 ozofGold = $1241.98 (Bloomberg) 1 … Seguir leyendo Bitcoin Now Worth More Than Gold

25% ofSpanishWouldConsiderLeavingSpainforEconomicReasons; ButWhereWouldTheyGo? http://feedly.com/k/1cQgn6U The employment and pay situation in Spain is so bad that 33% struggle to pay their bills. More importantly, 25% would consider leaving the country for better opportunities. Via translation from La Vanguardia, please consider OneinthreeSpaniardshave no moneyafterpayingtheirbills. One in three Spanish claims to have no money left after paying the bills, according to a report on consumer payments. Thestudyfurtherrevealsthat 25% … Seguir leyendo 25% of Spanish Would Consider Leaving Spain for Economic Reasons; But Where Would They Go?

TestosteronePit – Home – TheRajoy Horror PictureShowLumbersOn http://feedly.com/k/ItMz7h shared via http://feedly.com Seguir leyendo Testosterone Pit – Home – The Rajoy Horror Picture Show Lumbers On

ThereIsJust No Escape From Mario Draghi’sMonetary Zombie Nightmare http://feedly.com/k/1bYKnvF On November 7, when the ECB announced a "surprising" rate cut, 67 out of 70 economists whoneversawitcoming, were shocked. We were not. As we observed ten days prior, Europe had just seen the latest month of record low private sector loan growth in history. Or rather contraction. Back than we said that "one of our favorite … Seguir leyendo There Is Just No Escape From Mario Draghi’s Monetary Zombie Nightmare

TheBitcoinParabolaContinues: Up 10% In 12 Hours, Hits $1170 http://feedproxy.google.com/~r/zerohedge/feed/~3/hdQMmbMRk3g/story01.htm Despite the US being largely on holiday, the demand for digital currencies continues to surge. Bitcoin has rallied another 10% overnight as Chinese appetite for alternative stores of value remains unabated (BTC China is nearing its record highs) as USD/BTC is trading at $1170 – on its way to crossing the Maginot line of gold’s spot … Seguir leyendo The Bitcoin Parabola Continues: Up 10% In 12 Hours, Hits $1170

Eurozone M3 moneyplungeflashesdeflationalertfor 2014 – Telegraph http://feedly.com/k/ItGO9H shared via http://feedly.com Seguir leyendo Eurozone M3 money plunge flashes deflation alert for 2014 – Telegraph

El grupo catacroquer nunca te deja indiferente y es que Hernando, uno de sus mas consumados miembros distinguido con la mención de “Onor” al bocachanchismo, se merecía ya una recopilación como reconocimiento a toda una carrera de declaraciones completamente estúpidas.  Desde que Rafael Hernando es uno de los portavoces populares en el Congreso, ha dejado para la hemeroteca numerosas declaraciones polémicas. Oposición, Bárcenas, medios, PAH, … Seguir leyendo Historial de declaraciones polémicas del diputado Hernando (PP)