May 262015
Debt Rattle May 26 2015

• We Must Protect Our Children From Austerity (Guardian) • Greek Hospitals Out Of Painkillers, Scissors And Sheets Due To Austerity (RT) • The Key To A Greek Economic Revival Has To Be An End To Austerity (Münchau) • Austerity Is the Only Deal-Breaker (Yanis Varoufakis) • Greece Is All But Bankrupt (NY Times) • The World Is Drowning In Debt, Warns Goldman Sachs (Telegraph) • Investors Are Playing A ‘Greater Fool’ Game (George Magnus) • Weak Productivity Turns Into

May 252015
 May 25, 2015  Posted by at 10:11 am Finance Tagged with: , , , , , , , , , ,  No Responses »
Debt Rattle May 25 2015

• Memorial Day: Our Soldiers Died For The Profits Of The Bankers (Smedley Butler) • Europe’s Biggest Debt Collector: Central Banks’ Stimulus Has Failed (Bloomberg) • “It’s A Coup D’Etat”, “Central Banks Are Out Of Control” – David Stockman (ZH) • Unemployment Is a Big Threat to Eurozone Economy, Central Bankers Warn (WSJ) • HSBC Fears World Recession With No Lifeboats Left (AEP) • Did China Just Launch World’s Biggest Spending Plan? (Gordon Chang) • G7 Finance Ministers To Address

May 242015
 May 24, 2015  Posted by at 11:12 am Finance Tagged with: , , , , , , , , ,  3 Responses »
Mario Draghi's Slippery Downward Slope

Mario Draghi made another huge faux pas Thursday, but it looks like the entire world press has become immune to them, because it happens all the time, because they don’t realize what it means, and because they have a message if not a mission to sell. But still, none of these things makes it alright. Nor does Draghi’s denying it was a faux pas to begin with. And while that’s very worrisome, ‘the public’ appear to be as numbed and

May 242015
 May 24, 2015  Posted by at 9:27 am Finance Tagged with: , , , , , , , ,  1 Response »
Debt Rattle May 24 2015

• Borders Closing And Banks In Retreat; Is Globalisation Dead? (Guardian) • Capitalism Is Killing America’s Morals, Our Future (Paul B. Farrell) • America Has Become a “Banana Republic Run by Wall Street Criminals” (MM) • Tsipras Reiterates Red Lines But Faces Revolt Within Syriza (Kathimerini) • Europe Said to Weigh Contingency Plans in Greece Impasse (Bloomberg) • Neither Grexit Nor A Dual Currency Will Solve Greece’s Problems (Matthes) • Hotel Contracts With A ‘Greek Default Clause’ (Kathimerini) • The

May 232015
 May 23, 2015  Posted by at 10:31 am Finance Tagged with: , , , , , , , , , , ,  1 Response »
Debt Rattle May 23 2015

• Our $58 Trillion Love Affair With Debt, In One Crazy Chart (CNBC) • Fed On Track To Hike Rates As Economic Headwinds Wane: Yellen (Reuters) • BRICS To Establish New Multi-Currency Financial Order (RT) • How ‘Mathiness’ Made Me Jaded About Economics (Bloomberg) • Jim Chanos Thinks China Could Be The Next Greece (MarketWatch) • Greece and Creditors Struggle for Elusive Deal (WSJ) • Eurozone Says No Greek Deal Without IMF (FT) • Yanis Varoufakis Is More Than His

May 222015
Time To Get Real About China

The present Chinese leadership appears to be trying to gain (regain?) more -if not full- control over the country’s economic system, while at the same time (re-)boosting the growth it has lost in recent years. President Xi Jinping, prime minister Li Keqiang and all of their subservient leaders – there are 1000′s of those in a 1.4 billion citizens country- apparently think this can be done. Yours truly doubts it. As I’ve repeatedly said over the past years, I don’t

May 222015
Debt Rattle May 22 2015

• 1 in 3 Americans Have Metabolic Syndrome (LiveScience) • France To Force Big Supermarkets To Give Away Unsold Food To Charity (AFP) • ECB Claims Austerity “Complements” QE (Zero Hedge) • Now The Bank Of England Needs To Deliver QE For The People (Guardian) • 572 Rate Cuts Since 2008, One Every Three Trading Days (Zero Hedge) • David Stockman: The Morning After Will Be Nasty (CNBC) • There’s A Simple Way To Make Sure Bankers Don’t Rig Markets

May 212015
 May 21, 2015  Posted by at 10:12 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle May 21 2015

• Has The Fed Got A Grasp On Economic Reality? (Gambles) • Global Inflation Mystery Risks Making Central Bankers Bystanders (Bloomberg) • Investors Need To Face The Possibility Of A ‘Great Reset’ (MarketWatch) • Guilty Pleas and Heavy Fines Seem to Be Cost of Business for Wall St. (NY Times) • Cui Bono (Richard Breslow) • Record Number of American Stores, Malls Closing: Davidowitz (Bloomberg) • Defiant Greeks Force Europe To Negotiating Table As Time-Bomb Ticks (AEP) • Greek Pensions

May 202015
 May 20, 2015  Posted by at 10:24 am Finance Tagged with: , , , , , , , , , , , ,  9 Responses »
Debt Rattle May 20 2015

• The Low Velocity Economy – US Money Velocity At All-Time Low (CI) • Euro Plunges As ECB Official Pledges To Speed Up Bond Purchases (Bloomberg) • 5 Bubbles Draghi’s QE Is Already Blowing (MarketWatch) • Is The UK In The Early Stages Of Deflation? (Guardian) • Bernie Sanders Wants Wall Street To Pay For Your College Tuition (Vox) • The Economy for Young Americans Is Still Terrible (Atlantic) • Theft Of Greek Bank Deposits To Send Shockwaves Around The

May 192015
 May 19, 2015  Posted by at 7:38 pm Finance Tagged with: , , , , , , , ,  4 Responses »
Obama Has A Big Fat Greek Finger

Will this Greek stuff ever stop? Probably, but don’t hold your breath. I was reading up on China, but that will have to wait till tomorrow. A friend just sent me a Sputnik story -they’re a Russian news channel, so they can’t be trusted, right?!- that adds more juice to the Syriza vs troika tale. And whaddaya know, the king of Greece leaks, Paul Mason at Channel 4, is involved once again. Let’s do Mason first. He’s in Athens and,