Eurozone Flash PMIShowsSlightGrowth, FranceBackinContraction http://feedly.com/k/17RrZUh The rosy eurozone growth estimates of a few months ago have bitten the dust already with the possible exception of Germany. The Markit Flash EurozonePMI signals slowing growth for second successive month in November, with France leading the way. Flash Eurozone PMI Composite Output Index at 51.5 (51.9 in October). Three-month low. Flash Eurozone Services PMI Activity Index at 50.9 … Seguir leyendo Eurozone Flash PMI Shows Slight Growth, France Back in Contraction

China Flash PMIDropsMostIn 6 Months http://feedly.com/k/17Ovxqm China’s HSBC Flash PMI missedexpectationsrathernotably (50.4 vs 50.8 exp) anddroppeditsmostMoMsinceMay as the hope-mongering of a China-led renaissance in global growth is dashed on the shores of liquidity reality. It was a mixed bag – providing just enough for everyone under the covers. New exports orders dropped to 3-month lows and employment flipped into the deteriorating camp but manufacturing output … Seguir leyendo Caída del PMI de manufacturas chino

PhillyFedManufacturingSurveyindicatesSlowerExpansioninNovember http://feedly.com/k/18rrG6i From the Philly Fed: NovemberManufacturingSurvey ManufacturinggrowthintheregioncontinuedinNovemberbutdidnotmatchthe pace ofgrowthintheprecedingmonth, according to firms responding to this month’s Business Outlook Survey. The survey’s broadest indicators for general activity, new orders, shipments, and employment were positive, signifying growth, but readings for each fell from October. The survey’s indicators of future activity also moderated but continue to suggest general optimism about growth over the next six months. Thesurvey’sbroadestmeasureofmanufacturingconditions, … Seguir leyendo Indicador adelantado de manufacturas muestra debilidad en noviembre

MIneraldepletion: where do we stand? http://feedly.com/k/1bDNQ2y Thisis a writtenversionofthetalkthat I gaveinStuttgartonNov 12th forthe “ResourceEfficiencyand Circular EconomyCongress". Itisnot a transcriptionofmyspeech, but a versionwrittenfrommemorythatmaintainsthegistofwhat I said Ladies and gentlemen, first of all I would like to thank the organizers of this meeting because it is a pleasure and a honor to be here today. It is a pleasure, mainly, to see that the local government of Baden-Wurttemberg … Seguir leyendo MIneral depletion: where do we stand?

OECD WarnsUK Faces HousingBubble http://feedly.com/k/1dhC7xg The U.K. faces a housing-market bubble unless the government boosts the supply of new homes, the OECD warned yesterday. U.K. homevalueshaveclimbed 36.6% since 2004, theseventh-biggestriseamong OECD nationsandbackneartheir 2007/8 bubblehighs. The Bank of England said last week mortgage approvals had surpassed 60,000-a-month six months earlier than it had predicted. As Bloomberg’s Niraj Shah notes, while the OECD raised its forecasts for … Seguir leyendo OECD Warns UK Faces Housing Bubble

Bitcoin Bonanza http://feedly.com/k/1h2yaNz ClickheretofollowZeroHedgein Real-time onFinancialJuice Five years ago it was worth $0. Then, a month and a half ago it went to $150 a piece. On Monday it shot to over $600. On Tuesday, the value rose to over $900, meaning a 6, 445%-increase in value since the start of the year. It plummeted to $531 at midday today and then recovered reaching $793 … Seguir leyendo Bitcoin Bonanza

EURCollapses As ECB ‘Strawmans’ NegativeRates (Again) http://feedly.com/k/1jmDOqP Given our earliercommentonthecollapseofEuropeanearnings, it is perhaps unsurprisng that the CEB is throwing everything at the problem of a strong EUR: *ECBSAIDTOWEIGHMINUS 0.1% DEPOSITRATEIF MORE EASINGNEEDED Of course, we await the official denial but suspect this is nothing more than attempt to gauge market response to the policy idea (just as Draghi did in May). For now, EURUSD has … Seguir leyendo EUR Collapses As ECB ‘Strawmans’ Negative Rates (Again)

A Simple QuestionforAustrianApriorists http://feedly.com/k/1cGx84o The Austrian school is famous for its apriorist economic method called praxeology. This, in its Misesian form, takes up the notion of Kantian synthetic a priori knowledge and holds that praxeology can arrive at economic theories that describe reality and in an a priori manner with necessary and apodictic truth, so that empirical evidence cannot refute praxeologicaltheories. A simple question can … Seguir leyendo A Simple Question for Austrian Apriorists

Sobre utopías II http://feedly.com/k/1888Xig Cornucopia. El cuerno de la abundancia. La utopia de los no utópicos. Fuente: Focke–Museum Esta entrada es una pequeña addenda sobre el articulo anterior "sobre utopias I" En él, había planteado la utilidad de disponer una utopía en el sentido de que ésta nos indica en todo momento si el camino que estamos siguiendo es o no el correcto. Se ha … Seguir leyendo Sobre utopías II