Apr 242015
 
 April 24, 2015  Posted by at 9:37 am Finance Tagged with: , , , , , , , , , ,  No Responses »
Debt Rattle April 24 2015

• Steen Jakobsen Sees “Zero Growth, Zero Inflation, & Zero Hope” (Zero Hedge) • Fed Should Make Bond Buys a Regular Policy Tool, Boston Fed Paper Finds (WSJ) • Why Wall Street Is Scoffing At ‘Flash Crash’ Bust (CNBC) • The Flash Crash Patsy and The ‘Mass Manipulation Of High Frequency Nerds’ (ZH) • Financial Experts Cast Doubt On Case Against ‘Flash Crash Trader’ (Guardian) • A New Deal for Greece (Yanis Varoufakis) • Greece Can Still Put Together Deal

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Apr 242015
 
 April 24, 2015  Posted by at 3:13 am Finance Tagged with: , , , , , ,  5 Responses »
Open Letter From Greece on the Mediterranean Migrants Issue

This is an open letter I received from a group of 57 Greek intellectuals, addressed to the EU and America, concerning the waves of refugees (migrants, immigrants) that ‘wash ashore’ on Greek territory in increasing numbers. We all know by now to what extent Europe has dropped the ball on the issue, and I’ll have much more to say on that soon. I thought it would be a good and respectful idea to let this letter stand on its own,

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Apr 232015
 
 April 23, 2015  Posted by at 9:43 am Finance Tagged with: , , , , , , , , , , ,  10 Responses »
Debt Rattle April 23 2015

• Half of US Fracking Companies Will Be Dead or Sold This Year (Bloomberg) • The ‘Grexit’ Issue And The Problem Of Free Trade (Stratfor) • If Greece Can Survive 2015, It’s Home Free (MarketWatch) • Greek Banks Win More Emergency Cash as Talks Loom (Bloomberg) • Greece: Of Parents And Children, Economists And Politicians (Wren-Lewis) • Greek Contagion Risks May Be Higher Than You Think (CNBC) • We’re Just Learning the True Cost of China’s Debt (Bloomberg) • ‘Goldman

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Apr 222015
 
 April 22, 2015  Posted by at 11:08 am Finance Tagged with: , , , , , , , , ,  6 Responses »
When Did We All Become Murderers?

Appalled doesn’t cover it. Disgusted won’t do either. Angry doesn’t come close. Maybe I have yet to learn of a word that would express my feelings on the following topic. There’s a disease, an epidemic, that spreads through out the western world. We are all turning into accomplices to murder. And I still believe we are better than that. Just perhaps not all of us. The US, and the rest of the west, have made plenty enemies already without needing

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Apr 222015
 
 April 22, 2015  Posted by at 9:34 am Finance Tagged with: , , , , , , , , , ,  No Responses »
Debt Rattle April 22 2015

• Europe’s Debt Mountain Just Got A Whole Lot Bigger (Telegraph) • $5.3 Trillion Of Government Bonds Now Have Negative Yields (David Stockman) • IMF Needs To Correct Its Big Fat Greek Bailout Mistake (Ashoka Mody) • Mythology That Blocks Progress In Greece (Martin Wolf) • Why the Real Deadline for Greece Is July 20 (Bloomberg) • Greece Buys Six Weeks’ Space With Transfer of City Funds (Bloomberg) • Varoufakis Sees ‘Clear Convergence’ in Greek Creditor Talks (Bloomberg) • Greece

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Apr 212015
 
 April 21, 2015  Posted by at 9:20 am Finance Tagged with: , , , , , , , , ,  8 Responses »
Debt Rattle April 21 2015

• Robert Merton: QE Makes Everything Worse (PiOnline) • ECB Is Studying Curbs on Greek Bank Support (Bloomberg) • Investors May Be Ignoring Potential ‘Collateral Damage’ From Greece (MarketWatch) • Creditors Chase Consensus With Greece to Unlock More Aid (Bloomberg) • Greece Orders Public Entities to Store Cash in Central Bank (WSJ) • Greek Mayors to Protest Government Decision to Seize Their Cash (Bloomberg) • Herr Schäuble’s Foibles: The Eurozone Rebalancing Conundrum (Parenteau) • Chinese Economic Outlook “Skewed Heavily To

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Apr 212015
 
 April 21, 2015  Posted by at 6:50 am Finance Tagged with: , , , , , , , ,  4 Responses »
Why Europe Lets People Drown

That Europe let almost 1000 people die in the Mediterranean in one night shouldn’t be a surprise to anyone, at least not to those who are still occasionally awake. The Club Med migrant crisis has been going on for a long time, and the EU’s only reaction to it has been to slash its budget and operations in the area, not to expand them. So when the New York Times opens with “European leaders were confronted on Monday with a

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Apr 202015
 
 April 20, 2015  Posted by at 9:12 am Finance Tagged with: , , , , , , , , ,  6 Responses »
Debt Rattle April 20 2015

• World Braces for Taper Tantrum II Even as Yellen Soothes Nerves (Bloomberg) • Caveat Creditor As IMF Chiefs Mull Unpayable Debts (AEP) • Fed Crisis-Liquidity Function Reviewed for Potential Use by IMF (Bloomberg) • Draghi Tells Euro Shorts To “Make His Day”, Again (Zero Hedge) • Greece’s Varoufakis Warns Of Grexit Contagion (Reuters) • Can Beijing Tame China’s Bull Market? (MarketWatch) • China Cuts Bank Reserves Again To Fight Slowdown (Reuters) • Why China’s RRR Cut Reeks Of Desperation

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Apr 192015
 
 April 19, 2015  Posted by at 8:38 am Finance Tagged with: , , , , , , , , , , ,  3 Responses »
Debt Rattle April 19 2015

• At Global Economic Gathering, US Primacy Is Seen as Ebbing (NY Times) • IMF Credibility Faces Tipping Point Over Greece (USA Today) • ‘Bernanke To Go Down As One Of The Most Vilified People Of The Century’ (CNBC) • Markets Face New Threat As US Fed Ponders Interest Rate Rise (Guardian) • Most Americans Think College Is Out of Reach (Bloomberg) • Record Drop In House Prices Suggests China Is Already In A Recession (Zero Hedge) • Germany FinMin

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Apr 182015
 
 April 18, 2015  Posted by at 10:06 am Finance Tagged with: , , , , , , , ,  7 Responses »
Debt Rattle April 18 2015

• US Is ‘World Leader’ In Child Poverty (Alternet) • ‘This Is Far From Over’, ‘We’re All Frogs In Boiling Water’ (Zero Hedge) • US Should Write Laws Of Global Economy, Not China – Obama (RT) • Greece’s Main Creditors Said to Be Unwilling to Allow Euro Exit (Bloomberg) • Let’s Face Reality, Greece Is Bankrupt: Marc Faber (CNBC) • Greek Crisis Comparable to Great Depression: Blanchflower (Bloomberg)

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