Mar 302015
 
 March 30, 2015  Posted by at 9:31 am Finance Tagged with: , , , , , , , , ,  No Responses »
Debt Rattle March 30 2015

• How The Fed Is ‘Screwed,’ And What Happens Next (CNBC) • Cinderella’s New Moral: Be Rich Or Be A Pumpkin (Lynn Stuart Parramore) • The ECB’s Put – Explained By Draghi (CNBC) • Angola Joins Venezuela Among Biggest Losers Of Oil’s Tumble (CNBC) • China’s Developers Face More Price Pain (FT) • China Central Bank Governor Calls For Vigilance On Deflation (Reuters) • Greece Says Not Backing Down On Debt Relief Goal (Reuters) • How Greece Pushed Europe’s Creditors

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Mar 302015
 
Recovery, Geopolitics and Detergents

Increasingly over the past year or so, when people ask me what I do, and that happens a lot on a trip like the one I’m currently on in the world of down under, I find myself not just stating the usual ‘I write about finance and energy’, but adding: ‘it seems to become more and more about geopolitics too’. And it’s by no means just me: a large part of the ‘alternative finance blogosphere’, or whatever you wish to

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Mar 292015
 
 March 29, 2015  Posted by at 9:49 am Finance Tagged with: , , , , , , , ,  3 Responses »
Debt Rattle March 29 2015

• QE Will Permanently Impair Living Standards For Generations To Come (Guggenheim) • Fed Chases Equilibrium Phantom, Has Not Learnt From The Crisis (Steve Keen) • Fears Of A New Global Crash As Debts And Dollar’s Value Rise (Guardian) • Investors Flee Market At Crisis-Level Pace (CNBC) • China Banks on Sharing Wealth to Shape New Asian Order (WSJ) • China Wants To Compel US To Engage It As An Equal Partner In AIIB (ATimes) • Russia To Apply For

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Mar 282015
 
 March 28, 2015  Posted by at 11:59 am Finance Tagged with: , , , , , , ,  No Responses »
Debt Rattle March 28 2015

• Yellen Sees Gradual Pace of Rate Increases Starting This Year (Bloomberg) • Housing Contribution To US GDP Lowest In Post-War Era (Zero Hedge) • The Bottom’s Not In – This Market Is Dumber Than A Mule (David Stockman) • Greek Crisis Nears A Turning Point (MarketWatch) • Austerity Is Greece’s Only Hope (Hans-Werner Sinn) • Varoufakis Denies Resignation, Greeks Accused Of “Gambling” Away Trust (Teleg.) • Alternate Greek FinMin Tsakalotos Says Athens ‘Prepared For Rift’ (Kathimerini) • Greece Submits

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Mar 272015
 
 March 27, 2015  Posted by at 10:52 pm Finance Tagged with: , , , ,  7 Responses »
Greece Prepares To Leave

Speculation and expert comments are thrown around once more – or still – like candy on Halloween. Let me therefore retrace what I’ve said before. Because I think it’s really awfully simple, once you got the underlying factors in place. But first, if one thing has become obvious after Syriza was elected to form a Greek government on January 25, it’s that the party is not ‘radical’ or ‘extremist’. Those monikers can now be swept off all editorial desks across

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Mar 272015
 
 March 27, 2015  Posted by at 8:09 am Finance Tagged with: , , , , , , , , ,  4 Responses »
Debt Rattle March 27 2015

• For Most American Families, Wealth Has Vanished (Yahoo!) • Fed Officials Say Rate Hike Plan Intact Despite Weak US Data (Reuters) • China Stocks May Be In Serious Bubble (MarketWatch) • You’re Playing Liar’s Poker at the Wall Street Casino (Paul B. Farrell) • European Central Bank QE Is Masking Eurozone Struggles (MM) • No, Greece Is NOT The Most Unhelpful Country Ever, IMF Says (MarketWatch) • Greek Bank Deposits Plunge to 10-Year Low (Bloomberg) • Charting Greece’s Draining

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Mar 262015
 
 March 26, 2015  Posted by at 11:19 pm Finance Tagged with: , , , , , ,  4 Responses »
Kiev, Moscow, Bonds and Haircuts

When money managers talk outside their narrow field, nonsense is guaranteed to ensue. No better example than this Bloomberg piece on Ukraine’s ‘debt restructuring’ plans, which are as much a political tool as they are anything else at all. Ukraine’s American Finance Minister has announced a broad restructuring plan with a wide range of severe haircuts for creditors, and she – well, obviously – wishes to include Russia in the group of creditors who are about to get their heads

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Mar 262015
 
 March 26, 2015  Posted by at 8:25 am Finance Tagged with: , , , , , , , , , , ,  3 Responses »
Debt Rattle March 26 2015

• US Economy Heads Toward Zero Growth in Q1 (WolfStreet) • US Home Prices Are Surging 13 Times Faster Than Wages (Bloomberg) • UK Household Debt Soars By 9% To Hit A Record £239bn (Independent) • ECB Bond Buying To Continue Till Inflation Reaches 2%: Draghi (WSJ) • Europe Blocks Desperate Greek Attempt To Stay Afloat (Telegraph) • Eurozone Said to Give Greece Five Days to Deliver Plan (Bloomberg) • Greek Central Bank Governor Stournaras Says Grexit Isn’t An Option

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Mar 252015
 
 March 25, 2015  Posted by at 10:41 pm Finance Tagged with: , , , , , ,  3 Responses »
The Oil Price Crash and Economic Slow Down in China

This is another essay from friend and regular contributor of The Automatic Earth, Euan Mearns at Energy Matters. One comment on my part: Euan says ‘This has lead to speculation that weak global demand, stemming from masked economic woes, may also be playing a key role.‘ I don’t think the use of the term ‘speculation’ is appropriate here, because it seems overly obvious that China’s economic slowdown has played a major role in the oil price crash (and continues to

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Mar 252015
 
 March 25, 2015  Posted by at 7:39 am Finance Tagged with: , , , , , , , , ,  No Responses »
Debt Rattle March 25 2015

• The Long-Distance Relationship Between Americans and Jobs (WSJ) • American Cash Is Flooding Into European Stocks (CNN) • Bank of Canada, Government and Others Face Lawsuit for IMF Conspiracy (Epoch T.) • ECB Said to Limit Greek Lenders’ Treasury-Bill Holdings (Bloomberg) • Greeks Celebrate Independence as EU Creditors Discuss Their Fate (Bloomberg) • Next Task For Tsipras Is To Convince His Party (Kathimerini) • Greece: Fascists At The Gate (Hallinan) • China’s Influence Poised To Climb In Revamp Of

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