Sep 152014
 
 September 15, 2014  Posted by at 5:40 pm Finance Tagged with: , , , ,  5 Responses »
Debt Rattle Sep 15 2014: The Yin and Yang of Growth and Power

These are dangerous times. The dangers come from places hardly anybody ever thought to look for them. And that is a danger in itself. The world has become an amalgamation of centralized blocks of power on the one hand, and a move away from these blocks on the other. The latter happens for good reason. Not that any such reason should be required. The plain and basic human right to, and desire for, freedom and self-governance should be enough. It

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Sep 142014
 
 September 14, 2014  Posted by at 6:24 pm Finance Tagged with: , , , , ,  11 Responses »
Debt Rattle Sep 14 2014: Draghi To Save Europe With Semantics

Before I get going, let me recommend two wonderful articles I put in today’s Daily Links list at The Automatic Earth. Which is updated every day around 8am Eastern Time, located at the top of every TAE page, and in more elaborate form, at bottom of the day’s essay; they are links to the things we ourselves read at a daily basis. The first article is a piece by Umair Haque called The Rupture, in which he tries to put

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Sep 122014
 
 September 12, 2014  Posted by at 8:07 pm Finance Tagged with: , , , ,  17 Responses »
Debt Rattle Sep 12 2014: The Fed Has A Big Surprise Waiting For You

The topic of potential interest rate hikes by central banks is no longer ever far from any serious mind interested in finance. Still, the consensus remains that it will take a while longer, it will take place in a very gradual fashion, and it will all be telegraphed through forward guidance to anyone who feels they have a need or a right to know. Sounds like complacency, doesn’t it? Now, it seems obvious that the Bank of Japan and the

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Sep 112014
 
 September 11, 2014  Posted by at 8:25 pm Finance Tagged with: , , , , ,  10 Responses »
Debt Rattle 9/11 2014: Shut Up George Soros

Someone should shut up George Soros. The Financial Times offers him a podium because he’s rich, and if you’re rich, people today think you must be smart, and right, as well. We admire money, not brains; indeed, we confuse the two. George is not right. George is much more old than right. George writes a plea for the United Kingdom and the European Union that misses on just about every single point. Because George lives in the past. When he

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Sep 102014
 
 September 10, 2014  Posted by at 9:06 pm Finance Tagged with: , , , , , , ,  3 Responses »
Debt Rattle Sep 10 2014: Crisis And Self-Determination

What do you think the situation in Scotland would be like if an army acting on behalf of the London government had just killed thousands of Scots in Glasgow and Edinburgh over the past 6 months and destroyed their streets and homes and water and electricity grids, and if moreover that government had seized power after a violent coup and essentially been handpicked by Washington? If you’re awake a little, one of the first things you would think is wow,

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Sep 092014
 
 September 9, 2014  Posted by at 9:49 pm Finance Tagged with: , , , ,  14 Responses »
Debt Rattle Sep 9 2014: The Black Swan Of Scotland

Got a mail from a friend in Scotland late last night that got me thinking. “Unfortunately, using Ireland as a model of fracture, we may start blowing up each other.” I’ve been reading a lot lately, in between all the other things, about Scotland, as should be obvious from my essay (Jim Kunstler tells me I can use that word) yesterday, Please Scotland, Blow Up The EU, and sometime today a thought crept up on me that has me wondering

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Sep 082014
 
 September 8, 2014  Posted by at 7:24 pm Finance Tagged with: , ,  11 Responses »
Debt Rattle Sep 8 2014: Please Scotland, Blow Up The EU

You know they’re desperate when they play the royal card and announce a new baby on the way. Britain, and especially Downing Street 10, got a huge scare last week when a poll showed the Scottish independence movement is now favorite to win the September 18 referendum. It’s not entirely clear, but I don’t think Cameron and his crew would be able to stay on if Scotland secedes from the UK. So who would do the negotiations for what remains

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Sep 072014
 
 September 7, 2014  Posted by at 7:07 pm Finance Tagged with: , , , ,  2 Responses »
Debt Rattle Sep 7 2014: The Simple Truth About QE

There’s not a single day that we’re not treated to more smart treats about stimulus measures. Are they necessary, are they good, are they bad, who profits from them. It gets really long in the tooth. Today, former ECB head Trichet says unlimited stimulus ‘risks’ blowing bubbles. “Supplying unlimited amounts of liquidity at interest rates close to zero has “unintended counterproductive consequences.” No shit, assclown. Does Jean-Claude really mean to claim he just figured that one out now? Why else

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Sep 062014
 
 September 6, 2014  Posted by at 7:38 pm Finance Tagged with: , , , , ,  7 Responses »
Debt Rattle Sep 6 2014: 'We' Don't Want The Ceasefire To Hold

It’s exceedingly safe to assume that the main reason the Kiev government agreed to a ceasefire on Friday was that the Ukraine army was losing on just about all fronts. Which they blame on Russian troops and weaponry being involved in increasing numbers, but there’s still to this day no proof for that. The ‘rebels’ suspect that Kiev will use the ceasefire only to regroup, send in more men and guns, and fortify its positions. Moreover, the same ‘rebels’, who

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Sep 052014
 
 September 5, 2014  Posted by at 2:32 pm Finance Tagged with: , , , , ,  14 Responses »
Debt Rattle Sep 5 2014: We Live In A New World, But We Don't Want To

Looking around us today, it would – or at least could – seem obvious that we live in a new world. Which we don’t recognize – as being new – because we don’t want that world. We instead want more of what we used to know, with icing and a cherry on top. We want to go back, not forward, though we don’t phrase or see it that way. The underlying issue is that the ‘forward’ we do want is

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