Category: Uncategorized

Japan Near Stagnation Following 9 Months of Growth; Service Sector Prices Back in Deflation; Spotlight on Abenomics
August 5, 2013 0

Japan Near Stagnation Following 9 Months of Growth; Service Sector Prices Back in Deflation; Spotlight on Abenomics

By News Desk

Weakest rise in service sector activity in nine months Services employment and new orders broadly stagnate Ninth successive month of higher input prices in the service sector Summary The latest data for Japanese service providers indicated that the expansion evident in previous surveys continued in July, but the pace slowed. Business activity increased only marginally, whilst new business and employment stagnated, in each case ending eight-month sequences of growth. The headline seasonally adjusted Business Activity Index fell in July to 50.6 from 52.1 in June

Bernanke Wants 2% Inflation in a Deflationary World; Who Pays the Price?
August 5, 2013 0

Bernanke Wants 2% Inflation in a Deflationary World; Who Pays the Price?

By News Desk

PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents’ Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nation’s young adults ages 18 to 31 the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S

Climate Zork II
August 4, 2013 0

Climate Zork II

By News Desk

Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional.

IMF "Baseline Scenario" Projects Spain Unemployment Will Remain Above 25% for 5 Years with Little Growth
August 3, 2013 0

IMF "Baseline Scenario" Projects Spain Unemployment Will Remain Above 25% for 5 Years with Little Growth

By News Desk

I am normally critical of IMF forecasts, but their baseline unemployment projection for Spain of 25% or more with no more than .6% annual growth through 2017 seems reasonable. The pessimistic scenario is a toxic deleveraging downward spiral that continues right now. The optimistic scenario assumes 2% growth, but that scenario does not start until 2018, and only if labor reforms in Spain and Europe take place

‘Why a Robert Mugabe victory would be good for Zimbabwe’
August 3, 2013 0

‘Why a Robert Mugabe victory would be good for Zimbabwe’

By News Desk

President has proved critics at home and abroad wrong with bold policies now yielding economic freedom Robert Mugabe belongs to a dying breed of politicians on the African continent. Molded in the crucible of politics of nationalism, he emerges as the surviving face of African nationalism radicalised through armed resistance to settler colonialism.