Apr 262015
 
 April 26, 2015  Posted by at 9:48 am Finance Tagged with: , , , , , ,  1 Response »
Debt Rattle April 26 2015

• The ECB Needs to Know Its Place (Philippe Legrain) • Will Greece Run Out Of Cash? – No! – (Bruegel) • Isolated In Debt Talks, Greek Finance Rebel Gets The Cold Shoulder (Reuters) • Migrant Influx Strains Greece As Economy Suffers (Reuters) • Greeks’ View Of Crisis: ‘What Lies Ahead Is Great, Great Hardship’ (Guardian) • Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B (Bloomberg) • Greece Not Playing A Game Of Chicken On Debt (Reuters) •

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Apr 262015
 
 April 26, 2015  Posted by at 2:43 am Finance Tagged with: , , , , , , , , ,  9 Responses »
Europe Has Completely Lost It

After the high-level EU summit on the migrant issue, hastily convened after close to a thousand people drowned last weekend off the Lybian coast, Dutch PM Mark Rutte was quoted by ‘his’ domestic press as saying ‘Our first priority is saving human lives’. That sounds commendable, and it also sounds just like what everybody knows everybody else wants to hear. One can be forgiven, therefore, for thinking that it’s somewhat unfortunate that the one person tasked by Brussels with executing

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Apr 252015
 
 April 25, 2015  Posted by at 9:20 am Finance Tagged with: , , , , , , ,  2 Responses »
Debt Rattle April 25 2015

• How The Stock Market Destroyed The Middle Class (MarketWatch) • The Trans-Pacific Partnership and the Death of the Republic (Ellen Brown) • US Bridges Falling Down Get No Help From Record 2015 Muni Sale (Bloomberg) • Crash Boys (Michael Lewis) • Flash Crash Trader Sarao Is A ‘Hero’, Says Fund Manager (Telegraph) • Can The Hound Of Hounslow Really Be A Wolf Of Wall Street? (Telegraph) • Chances of Greek Deal ‘Virtually Nil’ (CNBC) • Greece’s Varoufakis Takes Hammering

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Apr 242015
 
 April 24, 2015  Posted by at 9:37 am Finance Tagged with: , , , , , , , , , ,  2 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: , , , , , , , , , , ,  12 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: , , , , , , , ,  5 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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