Apr 212015
 
 April 21, 2015  Posted by at 9:20 am Finance Tagged with: , , , , , , , , ,  2 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: , , , , , , , ,  3 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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Apr 172015
 
Debt Rattle April 17 2015

• The REAL Issue With a Grexit/Greek Default is Derivatives (Phoenix) • Grexit Dangers Mount: Yanis Varoufakis Warns Of ‘Liquidity Asphyxiation’ (AEP) • Germany: Has Any Country Ever Had It So Good? (Bloomberg) • Greece To Raid Coffers As IMF Dashes Hopes Of Resolving Crisis (Telegraph) • Greece Deal Appears Distant Amid Deadlock In Reform Talks (Kathimerini) • Finland: ‘Not As Bad As Greece, Yet, But It’s Only Matter Of Time’ (Guardian) • China’s Incredible Shrinking Factory (Reuters) • ‘Beijing

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Apr 172015
 
 April 17, 2015  Posted by at 12:48 am Finance Tagged with: , , , , , , , ,  4 Responses »
Is May 9 The Grexit Date?

Yes, more Greece, ever more Greece. Well, the focus is still very much there. It’s not the only topic, obviously, China warrants interest too, certainly with things like Tyler Durden quoting Cornerstone Macro as saying China’s true economic growth rate was just 1.6% in Q1 2015, not the official government number of 7%. Never trust anyone, especially a government, that consistently meets or beats its predictions. With housing prices falling the way they have, -6% or thereabouts, and over 70%

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Apr 162015
 
Debt Rattle April 16 2015

• Greece In ‘Slow-Death Scenario’ Amid Defaults Fears (CNBC) • IMF Knocks Greek Debt Rescheduling Hopes (FT) • The Endgame For Greece Has Arrived (Zero Hedge) • Why The Grexit Is Inevitable – How About May 9th? (Raas Consulting) • UBS Says Europe Risks Bank Runs On Grexit (Zero Hedge) • Fed’s Bullard Says Rate Hikes Are Needed For Coming ‘Boom’ (MarketWatch) • Warren Says Auto Lending Reminds Her Of Pre-Crisis Housing Days (MarketWatch) • 27% Of US Students Are

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Apr 152015
 
 April 15, 2015  Posted by at 9:28 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle April 15 2015

• China GDP Tumbles To Lowest In 6 Years Amid Dismal Data (Zero Hedge) • China Walks $264 Billion Tightrope as Margin Debt Powers Stocks (Bloomberg) • Hong Kong’s Peg to Instability (Pesek) • ‘Timebomb’ UK Economy To Explode After Election – Albert Edwards (Guardian) • IMF Fears ‘Cascade’ Of Woes As Fed Crunch Nears (AEP) • Prudential Chief Echoes Dimon Saying Liquidity Is Top Worry (Bloomberg) • Syriza Against the Machine (Tom Voulomanos) • Greek Finance Minister to Meet

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Apr 142015
 
 April 14, 2015  Posted by at 9:41 pm Finance Tagged with: , , , , , , , ,  4 Responses »
The Weak Suffer What They Must:  Yanis and the End of Europe

From southern Europe to the far north, matters are shifting, sometimes slowly, sometimes faster. There are moments when it seems all that goes on is the negotiations over the Greek dire financial situation and its bailout conditions, but even there nothing stands still. The Financial Times ran a story claiming Greece is about to default on is debt(s), and many a pundit jumped on that, but there was nothing new there. Of course they are considering such options, but they

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