No CountryForYoungMen http://feedly.com/k/18ikntY By Don Quijones: Despite a miraculous economic “recovery,” EU-wide youth unemployment hit 24%. New records were set in Spain (56.5%), Greece (57.3%), Italy (40%), and France (26%). The warnings from history are clear: governments that allow youth unemployment to escalate, do so at their own peril. shared via http://feedly.com Seguir leyendo No Country For Young Men

Non-Crisis France – NYTimes.com http://feedly.com/k/1bmkBCJ shared via http://feedly.com Seguir leyendo Non-Crisis France – NYTimes.com

TheAnatomyOf A Pre-CrashBubble http://feedly.com/k/HO0HHl We previouslyhighlightedDidierSornette’sexcellentwork trying to identify pre-crash conditions in financial markets and JohnHussman’schart below suggests we are indeed heading that way. His warning, however, "Don’trelyonfurtherblow-off – butdon’t be shocked – riskdominates… HoldTight." Via @Hussmanjp shared via http://feedly.com Seguir leyendo The Anatomy Of A Pre-Crash Bubble

Late DayPanicBuying Vertical RampSendsDowJonesToRecordHigh http://feedly.com/k/1awhlSL It seems like the last 2 days have been a massive NASDAQ-TWTR pairs trade… Today saw broad stock indices best day in a month despite the early "good news is bad news" sell-off as newly minted TWTR heads towards its first bear market threshold off the highs. TheDowmanagedtogetbackto a recordhighclosebytheendoftheday. Treasury prices were clubbed like a baby seal with yields … Seguir leyendo Late Day Panic Buying Vertical Ramp Sends Dow Jones To Record High

GREcoveryInterrupted: GreekDeflationWorstIn 50 Years http://feedly.com/k/17SlzaX Attention this week was focused on Europe’s overall (disappointing) 0.7% inflation print – which sent Draghi back to drawing board – despite the world of sell-side strategists exclaiming that Europe has turned the corner and now is the time to load the boat. However, quietly out of sight for the mainstream, Greecejustprinteditsworstdeflation data onrecord. Consumerpricesfell 2.0% on an annual basis … Seguir leyendo GREcovery Interrupted: Greek Deflation Worst In 50 Years

ConsumerConfidenceCollapsesToLowestSinceDec 2011 (BiggestMissSince 2006) http://feedproxy.google.com/~r/zerohedge/feed/~3/GZdNcDXHH-I/story01.htm Whether it is the conference board, Gallup, Bloomberg, or pretty much any other measure of the economic confidence or consumer comfort in the US, the numbers have been falling (or plunging) despite the incessant rise of US equities. The reason this is of particular note, as we have discussed previously, is that this patternofexuberanthighsinstockswithfadingconfidence-inspiration has ominousovertones for future performance… (especially … Seguir leyendo Consumer Confidence Collapses To Lowest Since Dec 2011 (Biggest Miss Since 2006)

Whopping 932,000 AmericansDropOutOf Labor ForceInOctober; ParticipationRateDropsToFresh 35 YearLow http://feedly.com/k/1d3Cur7 The only two charts that matter from today’s distroted nonfarm payrolls report. First, the labor force participation rate, which plunged from 63.2% to 62.8% – thelowestsince 1978! But more importantly, the number of people not in the labor force explodedbynearly 1 million, or 932,000 to be exact, in just the month of October, to a record … Seguir leyendo Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low

"World’sStrongestCycloneEver" SlamsPhilippinesWith 200 MPHWinds http://feedly.com/k/19KgTUX If last year it was the East Coast’s turn to suffer a freak super storm, this year it is the already battered Philippines, which suffered a 7.2 magnitude earthquake last month, turn as Super Typhoon Haiyan, the equivalent of a Category 5 hurricane, slammed into the Philippines today after forcing thousands of people to evacuate. With sustained winds of 315 … Seguir leyendo “World’s Strongest Cyclone Ever” Slams Philippines With 200 MPH Winds

High-EndFood-FraudScandalDeliciouslySpiralsOutof Control, WhacksJapaneseConsumerConfidence http://feedly.com/k/18bswjV Today it was Hotel Okura Co., which operates landmark hotels across Japan. It confessed its restaurants had misrepresented 235 menu items. That followed confessions by leading department store chains, other high-end hotel chains, traditional ryokan hotels…. New revelations bubble up daily. And consumer confidence is taking a hit. shared via http://feedly.com Seguir leyendo High-End Food-Fraud Scandal Deliciously Spirals Out of Control, Whacks Japanese Consumer Confidence

Vulgar Austrians do notUnderstandAustrianPriceTheory http://feedly.com/k/18d8jtX Certain vulgar and ignorant internet Austrians actually seem to believe that Austrian price theory does not have a fundamental role for the idea of flexible prices and wages that, in market trades by buyers and sellers, are moved towards their market-clearing levels to clear product markets by equating quantities demanded with quantities supplied, so that economic coordination and full use … Seguir leyendo Vulgar Austrians do not Understand Austrian Price Theory