Roberto Abraham Scaruffi

Sunday 28 July 2013

Articles posted on Sunday, 28 July 2013
mobile website

Economic Forecast August 2013: Economy Slowing To a Crawl

Written by Steven Hansen
Our August 2013 Economic Forecast suggests the economy has slowed to a crawl. Many portions of our economic model are not expanding, and the government portion is in contraction. Read more >>



What We Read Today 28 July 2013

Econintersect: Click Read more >> below graphic to see today's list.

The top of today's reading list discusses the "BRIC bust" ........ and the last article is about how the defense industry gets what they want through political contributions.



Don't MessWith Russian Truckers #4

Road rage, DUI and stupidity seem to sometimes dominate the Russians roads as you watch more of the Russian dash cam action.



A Word from This Newsletter's Sponsor

Gold is Plummeting...Learn the #1 Mistake Trading Gold

Learn secrets every investor MUST know before buying or selling gold.
Discover one IGNORED gold investment producing over-sized results!




Infographics of the Day: American Wine in the 21st Century

Increased investment in wine-making, a growing cadre of world-class wine professionals, and the growth of e-commerce and social media have helped make America the World's most exciting wine market.



The Week Ahead: Are You Ready for Some Action?

by Jeff Miller, A Dash of Insight
In last week's prediction for the week ahead I guessed that it would be "all about earnings". From a market perspective that was mostly accurate despite some competing stories: charges against SAC Capital, fresh speculation about the new Fed Chair, and the arrival of Prince George.
rolling-craps-380x200



Gold Market Rebound Gains Strength

by Erik McCurdy, Prometheus Market Insight
In June, we observed that the cyclical downtrend in gold was declining at an unsustainable rate following the trading range breakdown in April. During the final week of June, our analysis indicated that prices had returned to a level at which the development of a potentially violent oversold reaction was likely. After forming a short-term cycle low (STCL) during the final session of June, an intermediate-term cycle low (ITCL) followed during the second week of July, suggesting that a sustainable rebound was in progress.



The Great Banking Divide

by Jayati Ghosh, Triplecrisis.com
The Great Recession of 2008 has become a marker for many turns of the tide, including the relative position of nations in the global economic hierarchy. Among the many ways in which emerging economic powers (like the BRICS) are supposed to be doing better than developed countries in patterns of bank lending. So while the credit crunch continues for many businesses and households in the US and Europe, banks in the developing world are said to be providing larger and larger amounts of credit to enable investment and economic expansion.



Terminal Velocity (16) 'Show and Tell'

Written by Adam Whitehead, KeySignals.com
The Bank for International Settlements (BIS) was observed preparing the markets to deal with increased volatility in Terminal Velocity 'Normalization?' Its recent communications have now clarified the economic implications of this greater volatility. Rising real yields will exacerbate debt costs in those indebted nations which are unable to grow fast enough to service their debts[i]. Cutting debts will further slow economies and produce a negative feedback loop; as has been seen in the weaker European economies. Read more >>



Economists Question if QE Can Be Unwound

Econintersect: Two economists posted an essay last week at the Triple Crisis blog. The title of the piece written by Malcolm Sawyer (University of Leeds) and Philip Arestis (University of Cambridge and University of the Basque Country, Spain) was "Quantitative Easing: Can It Be Unwound?" The two have doubts, discussed below.
sawyer-artestis-captions-380x210



Steve Keen: U.S. Releveraging is a Mistake

Econontersect: Australian economist Steve Keen has criticized the the course of movement in the U.S. economy in a recent interview posted by Piera. In Keen's view the U.S. is paying too little attention to what caused the Great Financial Crisis (GFC) in the first place. He also discusses why the economic fortunes of the U.S. and the UK have diverged in the post-crisis period.
steve-keen-strip-photo



Documentary of the Week: Honor the Treaties

Editor's note: We again interupt the four-part series by Birk Bezemer on money operations. Part 3 will be in this spot next week.
Econintersect: This week the documentary has two parts. The first part is a 2010 Ted Talk by photographer Aaron Huey which gives a factual history of the Oglala Lakota Sioux as a part of the United States. The Ted Talk tries to finish the presentation with an appeal for action. The second part is a 2012 short film by Eric Becker featuring the same Aaron Huey. The Becker film is an effective documentary for the present reality of the Oglala Lakota nation and a much more effective call for action. Each of these videos is approximately 15 minutes in length.
pine-hill-south-dakota



1 in 5 Use Facebook Exclusively From Mobile Devices

by Felix Richter, Statista.com
statistalogo
On Wednesday, Facebook released its financial results for the second quarter of 2013. The social network increased its sales by 53 percent to 1.8 billion U.S. dollars in comparison to the same quarter last year. Profit amounted to 333 million U.S. dollars. A year earlier, Facebook posted a loss of 157 million U.S. dollars.