May 062015
 
 May 6, 2015  Posted by at 11:22 am Finance Tagged with: , , , , , ,  2 Responses »
German Greens Propose Radical Greek Debt Solution

In its German language edition, Der Spiegel ran a piece last night (translation is mine) about a proposal from the German Green Party (Die Grünen) to deal with the Greek debt crisis that is radically different from how its own government has so far approached the situation. The Greens are not in the Berlin government, but they are a force in German politics regardless, if only because the country loves so much to portray itself as green. The Green Party’s

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May 062015
 
Debt Rattle May 6 2015

• Death Of The American Dream As A Big Bubble Readies To Pop (MarketWatch) • US Trade Deficit Soars To Worst Since 2008; Q1 GDP To Be Negative (Zero Hedge) • 3 Out Of 4 US Retirees Receive Reduced Social Security Benefits (MarketWatch) • One In Five US Adults Have No Credit Score, Can’t Borrow Money (MarketWatch) • California’s Drought Could Upend America’s Entire Food System (ThinkProgress) • Steve Keen Explains Why Austerity Policies Are Naïve (EIUk) • Germany’s Record

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May 052015
 
 May 5, 2015  Posted by at 10:39 am Finance Tagged with: , , , , , , , ,  8 Responses »
Debt Rattle May 5 2015

• Liquidity Drought Could Spark Market Bloodbath, Warns IIF (Telegraph) • “Nor Any Drop To Drink,” Citi Maps The Liquidity Paradox (Zero Hedge) • Economic Policy Turned Inside Out (Stephen Roach) • Most Greeks Want Euro Even With New Bailout Deal (Kathimerini) • Deal Or No Deal, Greece Still Faces Bankruptcy (CNBC) • France’s Far-Right Leader: EU Is Mocking Greece (CNBC) • IMF Takes Hard Line On Aid As Greek Surplus Turns To Deficit (FT) • Pension, Labor Disputes Dog

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May 052015
 
Quote Of The Year. And The Next. And The One After

I very rarely read back any of the essays I write. But maybe that’s not always a good thing. Especially when they deal with larger underlying issues beneath the problems we find ourselves in, why these problems exist in the first place, and what we can and will do to deal with them. Not all of these things can and perhaps should be re-written time and again. Commentary on daily events calls for new articles, but attempts to define the

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May 042015
 
Debt Rattle May 4 2015

• When What Comes Down Doesn’t Go Up (Economist) • When Will Apple Stop Screwing the US Economy? (Zatlin) • America’s Trailer Parks: Residents Are Poor, Owners Are Getting Rich (Guardian) • China Gets Backed Into A Corner By The ‘Impossible Trinity’ (MarketWatch) • China’s Long Bull Run (Barron’s) • Share Trading Frenzy Grows As China’s Economy Slows (SMH) • China’s Factory Activity Shows Continued Contraction (CNBC) • 100 Days Of Solitude: Syriza Struggles As Greeks Stare Into The Abyss

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May 032015
 
 May 3, 2015  Posted by at 1:21 pm Finance Tagged with: , , , , ,  4 Responses »
Sucking Spoilt Milk From A Bloated Dead Sow

With US GDP growth ‘officially’ back where it belongs, in the Arctic zone close to freezing on the surface but much worse in real life, for reasons both Albert Edwards and Ambrose Evans-Pritchard (not exactly a pair of Siamese twins) remarked this week; that is, excluding the “biggest inventory build in history, the economy contracted sharply”, it’s time for everyone to at long last change the angle from which they view the world, if not the color of their glasses.

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May 032015
 
Debt Rattle May 3 2015

• Gundlach’s Bet-Against-German-Debt Plan Has One Very Big Problem (Bloomberg) • Canada has the Most Overvalued Housing Market in the World (VC) • No New Bailout Needed If Greek Debt Restructured, Says Varoufakis (AFP) • Markets Waver As Greece Teeters On Edge Of Financial Tragedy (AFR) • Use Your Credit Card To Fight Tax Evasion, Greece Urges Visitors (Observer) • Greek Exit ‘Would Leave Western Alliance In Chaos’ (Telegraph) • Greece Braced For Weekend Of Unrest As Cash Crunch Nears

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May 022015
 
 May 2, 2015  Posted by at 10:36 am Finance Tagged with: , , , , , , , , ,  11 Responses »
Debt Rattle May 2 2015

• Grantham Says Fed “Bound And Determined” To Engineer “Full-Fledged Bubble” (ZH) • Our Banking System is a Giant House of Cards (Lynn Parramore) • For China To Start All Over, The Dinosaurs Will Have To Change (Satyajit Das) • Your No. 1 End-Of-The-World Investing Strategy (Paul B. Farrell) • How Ben Bernanke Let Down America (MarketWatch) • Quick Breakthrough At Brussels Group Looks Unlikely (Kathimerini) • The Coming Defaults Of Greece (Vox.eu) • FastTrack TPP: The Death of Sovereignty,

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May 012015
 
 May 1, 2015  Posted by at 10:54 am Finance Tagged with: , , , , , , , ,  4 Responses »
Debt Rattle May 1 2015

• Japan Is Bust: “More QE – Everywhere!” (Albert Edwards) • Marc Faber: Stocks Are About To Fall 40%—At Least! (CNBC) • Britain’s Scandal-Battered Banks Paralyzed as Election Looms (Bloomberg) • Chinese Banks Are Clobbering The US (CNBC) • Greece’s Decade-Long Relationship With Merkel (Kathimerini) • Greece Signals Concessions In Crunch Talks With Lenders (Reuters) • Greece Struggles To Make Payments To More Than 2 Million Pensioners (FT) • Why’s Europe QE Might End Sooner Than Thought (CNBC) • Why

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Apr 302015
 
Debt Rattle April 30 2015

• Negative Interest Rates Set Up World For Biggest Mass Default Ever (Warner) • German Bunds Are Tanking After Big Investors Say to Get Out (Bloomberg) • The Real Financial Crisis That Is Looming: Consumer Spending (STA) • US Economy Grinds To A Halt In First Quarter 2015 (Bloomberg) • Fed Stays Vague on Rate-Hike Timing, but Sees Slower Growth as Blip (Hilsenrath) • Ignore The ‘Whiff Of Panic’ As US Economy Stalls (AEP) • Fed, White House Fail To

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