Oct 232014
 
 October 23, 2014  Posted by at 11:23 pm Finance Tagged with: , , , , ,  2 Responses »
Institutional Fish

Large and/or institutional investors, your pension funds, your market funds, you name them, have one glaringly obvious and immense Achilles heel that they very much prefer not to talk about. That is, they MUST invest their funds, in something, anything, they can’t NOT invest. They are trapped in the game. They have to roll over debt, investments, all the time. In today’s markets, they can move into Treasuries, as we see bond funds (and undoubtedly others) do recently, and while

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Oct 232014
 
 October 23, 2014  Posted by at 10:38 am Finance Tagged with: , , , , , , , , , , ,  5 Responses »
Debt Rattle October 23 2014

• Bond Funds Stock Up On Treasuries In Prep For Market Shock (Reuters) • Investors Pull Shale Money, Put Brakes on Wall Street-Funded Boom (Bloomberg) • Solid Majority In US Says Country ‘Out Of Control’ (CNBC) • It Will Take 398,879,561 Years To Pay Off The US Government Debt (Black) • Don’t Be Distracted by the Pass Rate in ECB’s Bank Exams (Bloomberg) • Why It’s Now Too Late For Germany To Rescue The Eurozone Alone (Telegraph) • Why ‘Italy

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Oct 222014
 
 October 22, 2014  Posted by at 7:07 pm Finance Tagged with: , , , , , ,  2 Responses »
40% of Eurozone Banks Are In Bad Shape

Reuters has had a busy day today reporting on Europe’s banks and the stress tests the European Banking Authority is set to unveil on Sunday. And which put the EU and ECB on a see-saw like balancing act between credibility and panic. The news bureau started off in the early morning citing a report by Spanish news agency Efe, which said 11 banks would fail the tests: 11 Banks To Fail European Stress Tests At least 11 banks from six

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Oct 222014
 
 October 22, 2014  Posted by at 10:47 am Finance Tagged with: , , , , , , , , , , ,  2 Responses »
Debt Rattle October 22 2014

• At Least 11 Banks To Fail European Stress Tests (Reuters) • All the Markets Need Is $200 Billion a Quarter From the Central Bankers (BW) • What Would It Take To Trigger The ‘Fed Put’? (MarketWatch) • Currency Wars Evolve With Goal of Avoiding, Exporting Deflation (Bloomberg) • Are Belgium, Finland And France The ‘New Periphery’ In Europe? (CNBC) • EU To Warn France And Italy On Budget Plans (FT) • US Shale Producers Cramming Wells in Risky Push

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Oct 212014
 
 October 21, 2014  Posted by at 8:10 pm Finance Tagged with: , , , ,  7 Responses »
The Last Days Of The Growth Story

I am thinking about the similarities between a financial crisis and for instance a family crisis, the death of a loved one or close friend, a divorce, or a personal bankruptcy. And I wonder why in the case of our recent (aka current) financial crisis, we allow nothing to enter our communications, and our train of thought, but the idea of recovery and a return to growth. Has everyone always reacted that way after earlier financial crises – history is

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Oct 212014
 
 October 21, 2014  Posted by at 11:22 am Finance Tagged with: , , , , , , , , , , ,  No Responses »
Debt Rattle October 21 2014

• Oil Prices Won’t Recover Above $100 – Russian Finance Ministry (RT) • Oil Collapse Raises Risk Of ‘Profit Recession’ (MarketWatch) • How Cheap Oil Could Become a Real Problem for Airlines (BW) • Bond Market Brightest Turn Oil Analysts as Gyrations Mystify (Bloomberg) • “Ending QE Will Plunge US Into Severe Recession” (Zero Hedge) • They Studied Keynes and They’re Doing This. Why Can’t the Fed See It? (Bloomberg) • China GDP Growth Slowest Since Global Crisis (FT) •

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Oct 202014
 
 October 20, 2014  Posted by at 11:17 am Finance Tagged with: , , , , , , , , , ,  3 Responses »
Debt Rattle October 20 2014

• Leveraged Money Spurs Selloff; ‘Liquidity Isn’t What It Used to Be’ (Bloomberg) • Fed’s Rosengren Sticks to 3% Growth Forecast, Sees End for QE (Bloomberg) • China GDP Report May Reignite Global Growth Panic (CNBC) • The ECB Changes Its Mind On Which Bonds To Monetize, Then Changes It Again (ZH) • Hedge Funds Cut Bullish Bets on Crude as Prices Tumble (Bloomberg) • Is The US Pushing Oil Prices Down To Hurt Russia? (CNBC) • Russia Credit Rating

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Oct 192014
 
 October 19, 2014  Posted by at 9:41 pm Finance Tagged with: , , , ,  11 Responses »
Ain't Nobody Like To Be Alone

George Monbiot has written a bunch of whoppers in the recent past, his pleas for more nuclear plants as the only way to save mankind in particular raised far more questions than they provided answers. But not everything he’s written since is as nonsensical as those pieces. This week he came with one that I think everyone should read and think about. In it, he tries to tackle the topic of loneliness among us ‘modern people’. Not an easy topic

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Oct 192014
 
 October 19, 2014  Posted by at 10:50 am Finance Tagged with: , , , , , , , , , ,  1 Response »
Debt Rattle October 19 2014

• Low Oil Price Means High Anxiety For OPEC As US Flexes Its Muscles (Observer) • Germany’s Tough Medicine Risks Killing Off The European Project (Observer) • Why The Eurozone’s Woes Have Become The World’s Problem (Observer) • Under-30s Being Priced Out Of The UK (Observer) • Britain’s Five Richest Families Worth More Than Poorest 20% (Guardian) • UK Mortgage Battle Hots Up As Banks Prepare To Slash Rates (Guardian) • Why Abenomics Failed: There Was A “Blind Spot From

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Oct 182014
 
 October 18, 2014  Posted by at 8:12 pm Finance Tagged with: , , , , , , , ,  7 Responses »
Wealth Inequality Is Not A Problem, It's A Symptom

A comment on an article that comments on a book. I don’t think either provides, for the topic they deal with, the depth it needs and deserves. Not so much a criticism, more a ‘look further, keep digging, and ye shall find more’. And since the topic in question is perhaps the most defining one of our day and age, it seems worth it to me to try and explain. The article in question is Charles Hugh Smith’s Why Nations

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