Apr 172014
 
 April 17, 2014  Posted by at 3:28 pm Finance Tagged with: , , , ,  No Responses »
Debt Rattle Apr 17 2014: Scary Numbers (and Super Creeps)
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Last week we saw that China exports were down 18% in February and 6.6% in March, and that US mortgage originations are at their lowest level in 14 years. This week, the scary numbers just keep rolling in. Still, markets are up because Beijing has claimed a 7.4% GDP growth rate for 2014, and initial jobless claims in the US are falling somewhat, and most of all because everyone wants to believe in the recovery because they’re to scared of

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Apr 172014
 
 April 17, 2014  Posted by at 10:39 am Finance 2 Responses »
The Voice Of The Moon: A Rare Interview With Ilargi
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I did an interview last Saturday with KMO at C-Realm, who serves up a great free podcast every week on a wide variety of topics. Here’s his description of this one: KMO welcomes Ilargi of The Automatic Earth to the C-Realm to talk about the sorry state of watchdog journalism, the unhelpful rhetoric of American politicians and pundits around Vladimir Putin’s actions with regard to Ukraine, the media’s failure to examine the US role in bringing down the Yanukovych government,

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Apr 162014
 
 April 16, 2014  Posted by at 2:55 pm Earth Tagged with:  12 Responses »
Debt Rattle Apr 16 2014: Overpopulation Is Not A Problem For Us
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On a day like this, when Bloomberg runs the hilarious and preposterous headline “Euro Periphery Emerges as Haven as Bonds Rise”, and markets are up because the Chinese government announces a 7.4% GDP growth number, which might as well be 4.7% for all we know given the opaqueness and rosy bubbly with which Beijing is known to “calculate” these numbers, let’s talk about something entirely different. And what better to talk about than a topic I know beforehand will antagonize

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Apr 152014
 
 April 15, 2014  Posted by at 2:57 pm Finance Tagged with: , , , ,  20 Responses »
Debt Rattle Apr 15 2014: This Is Where We Say Good Night And Good Luck?
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Update: Michael Ruppert Has Committed Suicide RIP Let’s start the day with the best – or should I say the funniest – graph I’ve seen in a while, picked up from Tyler Durden. It speaks for itself. If this means things are going according to plan, we might want to wonder what the plan is. American markets went up yesterday, and it was suggested that this had something to do with March retail numbers, which were up 1.1%. But then

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Apr 142014
 
 April 14, 2014  Posted by at 3:07 pm Finance Tagged with: , ,  4 Responses »
Debt Rattle Apr 14 2014:  The Parable Of The Blind Man And The Steep Cliff
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It’s hard enough to be optimistic about the future of mankind, and his habitat, on any given day of the week. And then there are days when it’s impossible not to lean towards utter despair. There was a meeting in Washington this weekend, organized by the IMF, during which all kinds of economists discussed how to squeeze more and faster growth out of the world, and it people. Because, as all economists have learned, and just about everyone else believes,

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Apr 112014
 
 April 11, 2014  Posted by at 6:41 pm Finance Tagged with: , ,  5 Responses »
Debt Rattle Apr 11 2014: Manipulated Markets And The Empty Bag
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Well, stocks are down substantially over the past few days, with internet and biotech taking big hits, and we see people like Marc Faber and Dennis Gartman urging people to get out of stocks. Something’s definitely going on. Time for a bunch of charts. And let’s start with a few of the comparison ones that everybody loves to hate, where you overlay when time period on another, and suggest similarities between both periods. This first one was used by Tyler

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Apr 102014
 
 April 10, 2014  Posted by at 4:17 pm Finance Tagged with: , , ,  No Responses »
Debt Rattle 10 2014: They Snuck In Eurobonds Through The Backdoor
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The headlines are great, but then so is the headfake. “Greece makes ‘triumphant’ return to the markets in €3 billion bond sale”, says the Guardian. CNBC speaks of a “voracious appetite” for Greek bonds, but does question whether it’s justified. Still, at first glance it certainly looks like the Greeks have been welcomed back into the fold of civilized people: Greece, the country once held responsible for sparking the sovereign debt crisis, managed to attract €20 billion ($27.7 billion) of

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Apr 092014
 
 April 9, 2014  Posted by at 3:15 pm Finance Tagged with: , , , ,  6 Responses »
Debt Rattle Apr 9 2014: The Great Unwashed American Energy Independence
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The eurocrisis is over, the US Navy makes fuel from seawater, and America will be energy independent by 2037, according to the EIA. Boy, where do we begin? We’re getting flooded with an increasing amount of sheer nonsense wrapped in sheep’s clothing, and it’s hard to keep up. We not only live in a pretend economy, by now most of what we think we see isn’t really there at all. Indeed, there’s not even a there there anymore. Look, if

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Apr 082014
 
 April 8, 2014  Posted by at 3:30 pm Finance Tagged with: , , , ,  2 Responses »
Debt Rattle Apr 8 2014: Blackwater Resurfaces In Ukraine
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Well, that’s great news, isn’t it? Blackwater is back. After a first wave of negative publicity over its involvement in Iraq, a major PR hush-hush campaign led to a series of mergers, takeovers and name changes; first, in 2009, it became Xe Services, only to turn into Academi in 2011. What a brilliant moniker for a bunch of modern day mercenaries that is. Who would expect a ruthless killing machine behind a name like that? Russia quite matter of factly

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Apr 072014
 
 April 7, 2014  Posted by at 3:54 pm Finance Tagged with: , , ,  5 Responses »
Debt Rattle Apr 7 2014: A Smart Species? Us?
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And once again the markets are happily and excitedly awaiting more free zombie capital from a major central bank, this time the ECB. Of course this is capital the markets, judging from where stock exchanges find themselves, absolutely don’t need, but, you know, gift horses have foul breath and all that. It’s some 15 years ago since the dotcom bubble started to burst, and half that long since the US (and Spanish, and Irish) housing bubble began to show what

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