BitcoinTops $1000 http://feedly.com/k/1fJiJJY Well that escalated quickly. Having broken above $900 yesterday to new record highs (and a 100% gain in a week), the crypto currency is not looking back now. On what is higher than average volume this morning, Bitcoin just broke above the magic $1000 level for the first time (at $1025). Meanwhile, the BTC China "arb’d" rate is around $950 for those … Seguir leyendo $1000
TheLitecoindisruption http://feedly.com/k/1eAtQBP When things get too expensive, imperfect substitutes become increasingly appealing. It happened to oil with natgas and shale. It happened to gold with copper and silver. Now it seems to be happening with Bitcoin as well. So while Bitcoin traded through $1,000 on Wednesday (depending on which exchangeorservice you use to acquire Bitcoin: it was $1,035 on MTGox, $922 on BTC-e at pixel … Seguir leyendo The Litecoin disruption
A FakeSlumforLuxuryTouristsWhoDon’tWanttoSee Real Poverty http://feedly.com/k/1aO4IHb shared via http://feedly.com Seguir leyendo A Fake Slum for Luxury Tourists Who Don’t Want to See Real Poverty
Inequalityin China http://feedly.com/k/1iSMGqu Many studies find evidence of a growing income inequality in China. However, the majority of these studies may be constructing biased measures of inequality. This column presents evidence from a new study on how inequality in China is overstated if one ignores the spatial differences in the cost of living. With a booming urban housing market that displays a high degree of … Seguir leyendo Desigualdad en China
Eslovaquia: “El Parlamento ha decidido que los subsidios serán a cambio de un trabajo” http://feedly.com/k/1iSM4RS “Los subsidios de urgencia: a partir de enero, habrá que merecerlos”, anuncia Pravda. El 26 de noviembre, el Parlamento rechazó el vento del presidente Ivan Gasparovic sobre la legislación que introducía una obligación de trabajo para los beneficiarios del subsidio reservado a los más pobres. A partir del 1 de … Seguir leyendo Eslovaquia: “El Parlamento ha decidido que los subsidios serán a cambio de un trabajo”
Portugal: “Cada ministerio tendrá 20 policías más para reforzar la seguridad” http://feedly.com/k/1iSM2tj Sindicalistas y miembros del movimiento anti-austeridad Que se Lixe a Troika! protestaron en los edificios de los Ministerios de Finanzas, Medio Ambiente, Economía y Sanidad el 26 de noviembre, coincidiendo con un voto parlamentario sore el presupuesto de 2014. Las manifestaciones finalizaron después de que representantes del Gobierno se reunieran con los manifestantes, … Seguir leyendo Portugal: “Cada ministerio tendrá 20 policías más para reforzar la seguridad”
WhyForecastsof a WorldWithoutCarbon-Based Fuel Are DelusionalPt 1 http://feedly.com/k/1bTqLZR Resourcepressureis a constant. While the US continues to engage in a delusional energy “debate” about whether we will continue to burn coal and whether natural gas is a panacea, China is struggling to acquire and deploy of energy resources to support its economic growth targets. China has anenvironmentversusgrowthproblem. Already China is the #1 importer of oil in … Seguir leyendo Why Forecasts of a World Without Carbon-Based Fuel Are Delusional Pt 1
LowGrowthintheDevelopedWorld… Increasing Capital Flightto Asia! http://feedly.com/k/1bTqtC8 By: Chris Tell athttp://capitalistexploits.at/ Thefirstwaveofmodernglobalizationtookplaceduring 1870-1913, whenboth capital andlabour moved freelyacrossinternationalborders. Thingshavechanged a lotsincethen as everincreasingrestrictionshave emerged for capital mobility, dueinpartto a surge innationalismandincreasinglevelsofgovernmentinterferenceinbothdomesticandinternational capital flows. Ever since the Bretton–Woodssystem, which emerged out of World War II, abandoned the dollar-gold standard, capital mobility has surged. Figure 1: Net Foreign Private Sector Capital Flow in Asia (Percentage of GDP, Q4 … Seguir leyendo Low Growth in the Developed World… Increasing Capital Flight to Asia!
ConsumerConfidenceMisses (Again), TumblesToLowestIn 7 Months http://feedly.com/k/1a1dNbc No matter what measure of confidence, sentiment, or animal spirits one uses, the consumer is not encouraged by the record-er and record-er highs in the US equity market. The Conference Board’s consumer confidence datamissedforthe 2nd monthin a row – itsbiggestmissin 8 months – as it seems in October consumers were un-confident due to the government shutdown… but in November … Seguir leyendo Confianza del consumidor en EEUU en mínimos de 7 meses
Bitcoin Surges To New USD RecordHigh (+100% In 7 Days) http://feedly.com/k/1a1doW3 A week after spiking above $900, before dropping 50% in the following 48 hours amid last week’s Senate hearings, Bitcoin has recovered the losses (i.e. doubled) and is now trading at record high levels against the USD – $930 on Mt.Gox. Notably, in China, Bitcoin remains well off its record highs (5200 vs 6989 … Seguir leyendo Nuevo récord del Bitcoin
