May 292016
 May 29, 2016  Posted by at 9:12 am Finance Tagged with: , , , , , , , ,  3 Responses »
Debt Rattle May 29 2016

• Iceland Puts Freeze on Foreign Investors (WSJ) • Japan’s Abe To Delay Sales Tax Hike Until 2019 (R.) • Fade The Oil Bounce (CNBC) • Trade Deals Going Nowhere (DR) • Schrödinger’s Cat Gets a Playmate (CSM) • The Geography of American Poverty (G.) • Miracle In Athens As Greek Tourism Numbers Keep Growing (Observer) • The EU Has Turned Greece Into a Prison for Refugees (Nation) • 13,000 People Rescued In Mediterranean In One Week (G.) • Rescued

May 282016
Debt Rattle May 28 2016

• Yellen Leans Toward Near-Term Rate Rise Without Detailing Timing (BBG) • Trump: Only ‘Dummies’ Believe Fed’s Unemployment Figure (Crudele) • Japan’s Abe Plans Up to $90.7 Billion Stimulus (BBG) • US Farm Belt Banks Tighten the Buckle (WSJ) • Companies Go on Worldwide Bond Bender With $236 Billion of Sales (BBG) • Clinton Lurks in Shadows When Sparring With Sanders on Banks (BBG) • Toronto’s Red-Hot Market Sends Property Values Soaring (Star) • UK House Prices Compared With Earnings

May 272016
Debt Rattle May 27 2016

• Bill Gross Trying to Short Credit to Reverse Four Decades of Instinct (BBG) • “Japan Is Already Doing Helicopter Money” (BBG) • “China’s Economy Resembles A Spinning Top Running Out Of Momentum” (RD) • US-China Economic Poker Game Looms With Market Calm at Stake (BBG) • China Stocks Head for Longest Weekly Losing Streak in Four Years (BBG) • Chinese Buyers Are Losing Interest In Australian Property (BBG) • EU Warns China To Expect New Steel Tariffs (FT) •

May 262016
 May 26, 2016  Posted by at 8:42 am Finance Tagged with: , , , , , , , , , , ,  7 Responses »
Debt Rattle May 26 2016

• Britain’s Property Market Is Going To Implode (BI) • Trillions in Debt—but for Now, No Reason to Worry (WSJ) • IMF: No Cash Now for Greece Because Europe Hasn’t Promised Debt Relief (WSJ) • China’s ‘Feud’ Over Economic Reform Reveals Depth Of Xi’s Secret State (G.) • Chinese Officials To Ask US Counterparts When Fed Will Raise Rates (BBG) • Fear Of UK Steel Sector’s ‘Death By 1,000 Cuts’ (Tel.) • Varoufakis: Australia Lives In A Ponzi Scheme (G.)

May 252016
 May 25, 2016  Posted by at 1:31 pm Finance Tagged with: , , , , , , , , ,  7 Responses »
Brexit: Wrong Discussion, Wrong People, Wrong Arguments

There’ve been a bunch of issues and topics on my -temporarily non-writing- mind, and politics, though as I’ve often said it’s not my preferred focus, keeps on slipping in. That’s not because I’ve gotten more interested in ‘the game’, but because the game itself is changing in unrecognizable fashion, and that is intricately linked to subjects I find more appealing. For instance, in the past few days, I’ve read Matt Taibbi’s epos on the demise of America’s Republican Party in

May 252016
Debt Rattle May 25 2016

• Hillary Clinton Loves To Trumpet Bill’s Budget Surplus. She Shouldn’t. (Week) • Jeff Gundlach Says US Stock Market Is ‘Dead Money’ (R.) • Eurozone Hails ‘Breakthrough’ With Greece, IMF Debt Deal (R.) • Draghi Running Out Of Options After Draining Bond Market by $800 Billion (BBG) • China Weakens Yuan Fixing to Lowest Since 2011 (BBG) • China Says It Has Conquered Commodities Trading Frenzy (BBG) • New York, London on Notice as China Targets Commodities Pricing (BBG) •

May 242016
 May 24, 2016  Posted by at 9:40 am Finance Tagged with: , , , , , , , , , , ,  No Responses »
Debt Rattle May 24 2016

• ‘Massive Bailout’ Needed in Debt-Saddled China: Charlene Chu (BBG) • SOE Debt Could Easily Overwhelm China’s Banking System ( • China Takes Back Control Over Yuan (WSJ) • Negative Rates Prompt Japan Banks to Opt Out Via Derivatives (BBG) • Iron Ore Price Falls 27% In Past Month (BI) • Deutsche Bank Ratings Cut by Moody’s (BBG) • Greece Is Never Going To Grow Its Way Out Of Debt (Coppola) • Austerity Means Privatizing Everything We Own (G.) •

May 232016
Debt Rattle May 23 2016

• Japan April Imports Fall 23.3%, Exports Drop 10.1% (BBG) • Japan May Factory Activity Shrinks Most In Over Three Years (R.) • Investors Check Out of Europe (WSJ) • US Dollar Will Be The Winner When The EU Volcano Erupts (CNBC) • Saudi Financial Crisis ‘Could Leave Oil At $25’ As Bills Get Paid In IOUs (AEP) • The IMF And Calling Berlin’s Bluff Over Greece (Münchau) • Athens Agrees Fiscal Measures In Exchange For Debt Relief Talks (FT)

May 222016
 May 22, 2016  Posted by at 9:29 am Finance Tagged with: , , , , , , , ,  No Responses »
Debt Rattle May 22 2016

• G-7 Warns on Weak Global Growth as Japan Bristles Over Yen (BBG) • Jeremy Corbyn Calls For New Economics To Tackle ‘Grotesque Inequality’ (G.) • “We Are Becoming Convinced That The System Won’t Stabilize” (Matt King) • Greece Braces for More Austerity Amid EU-IMF Quarrel About Debt (BBG) • This Time, The IMF Comes Bearing Gifts For The Greeks (G.) • Europe Should Heed The Lessons of 1913 (Horvat) • New Evidence About The Dangers Of Monsanto’s Roundup (Intercept)

May 212016
 May 21, 2016  Posted by at 9:17 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle May 21 2016

• One-Third Of Chinese Real Estate Companies Are “Zombies” (Nikkei) • Defaults Throw Wrench in China’s $3 Trillion Company Bond Engine (BBG) • Easy Money = Overcapacity = Deflation (Rubino) • Cash-Stuffed US Balance Sheets No Match for Even Bigger Debt Loads (BBG) • US, Japan FX Row Overshadows G7 Meeting (R.) • Crude Tanker Storage Fleet Off Singapore Points To Stubborn Oil Glut (R.) • How Freddie and Fannie Are Held Captive (Morgenson) • TTIP: The Most Toxic Acronym