Feb 272015
 
 February 27, 2015  Posted by at 10:29 am Finance Tagged with: , , , , , , , ,  No Responses »
Debt Rattle February 27 2015

• The US Recovery Story Is A Fraud: Albert Edwards (CNBC) • The US Is Not As Strong As You Think: Jim O’Neill (CNBC) • Québec Caisse’s Sabia Says Stock Markets Will ‘Run Out of Gas’ (Bloomberg) • Only One-Quarter Of Americans Plan To Retire (MarketWatch) • Americans No Longer Regard China As Top Enemy (CNBC) • Oil Futures Down Sharply On Rising US Inventories (Reuters) • China’s Real Estate Bust Is Worse Than It Seems (Pesek) • Greece Bailout

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Feb 262015
 
 February 26, 2015  Posted by at 11:11 am Finance Tagged with: , , , , , , , , , , ,  2 Responses »
Debt Rattle February 26 2015

• Oil Headed For $20-$30 As US Runs Out Of Storage Capacity (CNBC) • Yellen Fights Back as Lawmakers Intensify Push to Rein in Fed (Bloomberg) • Greece vs. Europe: Who Won? (Bloomberg) • Varoufakis Says Funding Problem Lies Ahead (Kathimerini) • Varoufakis Counts On ECB to Avoid Greek Default in March (Bloomberg) • European Banks vs. Greek Labour: Michael Hudson (TRNN) • Former Greek Finance Minister In Court For Tampering With Lagarde List (Guardian) • Greek Revenue Shortfall Came

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Feb 262015
 
 February 26, 2015  Posted by at 8:12 am Finance Tagged with: , , , , , , , ,  2 Responses »
Briefing For A Descent Into Hell

Oh well, some are more equal than others. One day after Eurogroup head Dijsselbloem says France won’t get any more lenience … France Must Respect EU Budget Rules France must meet EU budget targets or risk damaging the bloc’s entire framework for policing countries’ spending plans, the head of the Eurogroup said on Tuesday. “I don’t think small or larger countries should be treated differently … It is crucial for the credibility of the whole fiscal framework that also France

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Feb 252015
 
 February 25, 2015  Posted by at 10:09 am Finance Tagged with: , , , , , , , ,  5 Responses »
Debt Rattle February 25 2015

• Yellen Removes Another Obstacle To An Eventual Rate Hike (MarketWatch) • US Government’s ‘New Rule’ Allows Banks To Completely Make Sh#t Up (Simon Black) • Greek Finance Chief: We Want To Regain EU’s Trust (CNBC) • Greek Finance Minister’s Full Letter To The Eurogroup (Kathimerini) • Greece Has Lost The Gamble But Can Still Come Up Trumps (Guardian) • How Addiction To Debt Came Even To China (Martin Wolf) • China Readies Measures to Counter Housing Market Slump (Bloomberg)

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Feb 252015
 
 February 25, 2015  Posted by at 3:18 am Finance Tagged with: , , , , , , , , , , , ,  8 Responses »
How Far Is It From Kiev To Athens?

Riddle me this, Batman. I don’t think I get it, and I definitely don’t get why nobody is asking any questions. The IMF and EU make a lot of noise – through the Eurogroup – about all the conditions Greece has to address to get even a mild extension of support, while the same IMF and EU keep on handing out cash to Ukraine without as much as a whisper – at least publicly. The Kiev government, which has been

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Feb 242015
 
 February 24, 2015  Posted by at 1:23 pm Finance Tagged with: , , , , , , , ,  5 Responses »
Debt Rattle February 24 2015

• Will Yellen Set The Dollar Free? (CNBC) • European Commission Backs Greek Reform Proposals (WSJ) • Greek Plan to Tackle Economy Goes Before Finance Chiefs (Bloomberg) • Greece ‘Delays Reform Plan Deadline’ (BBC) • ‘It’s Treason!’ Greek Anger At Government U-Turn (CNBC) • Interventionism Kills: Post-Coup Ukraine One Year Later (Ron Paul) • Why the World Is So Bad at Tracking Dirty Money (Bloomberg) • Medicines To Cost Taxpayers Millions More In Secret TTIP Trade Deal (Guardian) • Apple

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Feb 232015
 
 February 23, 2015  Posted by at 4:15 pm Finance Tagged with: , , , , , ,  9 Responses »
Debt Rattle February 23 2015

• 1 In 3 Americans On Verge Of Financial Ruin (MarketWatch) • BofA Leads Charge Into Bonds as Banks Hoard $2 Trillion (Bloomberg) • Can A Bitcoin-Style Virtual Currency Solve The Greek Financial Crisis? (Guardian) • Greece Debt Deal: Reforms Will ‘Combat Tax Evasion’ (BBC) • Greece Draws Up €7.3 Billion Tax Hit List Aimed At Oligarchs And Criminals (AFP) • Greece Scrambles To Finalise Fiscal Reform List (Guardian) • Who Made Germany Europe’s Boss? (Bloomberg) • Why Germany Might

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Feb 232015
 
 February 23, 2015  Posted by at 7:22 am Finance Tagged with: , , , , , ,  7 Responses »
Throw Your Grandma Under The Bus

Before we get news in a few hours on the new proposals Greece is required to hand to its slavemasters today, Monday Feb 23, it seems relevant to point out one more time that what is happening to Greece is the result of political, not economic, decisions and points of view. One could argue that Greece is being thrown under the bus because it’s not – yet – deeply enough entangled and enmeshed in the global financial matrix. Just think

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Feb 222015
 
 February 22, 2015  Posted by at 11:22 am Finance Tagged with: , , , , , , ,  12 Responses »
Debt Rattle February 22 2015

• Yellen Confronts Economists’ Ignorance (Bloomberg) • How The Eurozone Could Tear Apart (Telegraph) • Greece, The Euro And Solomon’s Wisdom (Kathimerini) • Greece Says Eurozone Deal Won Time As Cash Bled From Banks (Reuters) • The Real Battle Over Greece Still Lies Ahead (Bloomberg) • From Greek Warriors To Battered Soldiers – In A Week (Observer) • Germany Set To Approve Greek Deal If Promises Met: Merkel Ally (Reuters) • What Would Happen if Greece Leaves the Euro Zone?

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Feb 222015
 
 February 22, 2015  Posted by at 3:16 am Finance Tagged with: , , , , ,  7 Responses »
50 Shades of Greece

When it comes to the ongoing Greek question, I see a lot of people eagerly jump to conclusions, after the ‘debt deal’, that I don’t think are justified; certainly not yet. The overall conviction in the press seems to be that Syriza has given in on just about all fronts, and Germany and Dijsselbloem are the big winners. But since that may well be the exact position Syriza wants ‘the other side’ to be in, where they think they have

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