Política y Economía
< martin_a_m
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TNW Apple • Matthew Panzarino • 47 minutes ago
One of the big questions for policymakers is how much of the current downturn represents of temporary cyclical fluctuation and how much of it is a permanent reduction in out productive capacity.
I’ve been getting the predictable hysterical reactions to today’s column.
Tú quizás no lo sabes, pero debes tener por seguro que “alguien te mira”. Crees que todo a tu alrededor está en orden, que nadie te sigue o le interesas.
Submitted by Tyler Durden on 03/22/2012 - 18:39 Auto Sales CDS China Consumer Sentiment Crude David Rosenberg Global Economy Housing Starts Iran Israel Merrill Michigan NAHB NFIB Payroll Data Personal Income recovery Rosenberg University Of Michigan Back in early 2011, even as the global economy was at best flatlining, the one goalseeked explanation to justify a levitating stock market (which was rising solely due to the short-term effect of transitory QE2 liquidity), was soaring corporate profitability (which only lasted as long as companies could trim some residual SG&A fat; they have now cut into the bone in terms of layoffs). This time around, with corporate margins having peaked, there had to be some other validation to explain away the "narrative" of the latest bout of central bank infused stock market levitation: it just happened that this time it was once again that old faithful, and always wrong, justification - decoupling.
I hadn't read Jim Bouton's Ball Four since I was a teenager in the 1980s, when a lot of the cultural references from 1969 went over my head but I had found it really funny.