Apr 152014
 
 April 15, 2014  Posted by at 2:57 pm Finance Tagged with: , , , ,  7 Responses »
Debt Rattle Apr 15 2014: This Is Where We Say Good Night And Good Luck?
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Update: Michael Ruppert Has Committed Suicide RIP Let’s start the day with the best – or should I say the funniest – graph I’ve seen in a while, picked up from Tyler Durden. It speaks for itself. If this means things are going according to plan, we might want to wonder what the plan is. American markets went up yesterday, and it was suggested that this had something to do with March retail numbers, which were up 1.1%. But then

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Apr 142014
 
 April 14, 2014  Posted by at 3:07 pm Finance Tagged with: , ,  4 Responses »
Debt Rattle Apr 14 2014:  The Parable Of The Blind Man And The Steep Cliff
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It’s hard enough to be optimistic about the future of mankind, and his habitat, on any given day of the week. And then there are days when it’s impossible not to lean towards utter despair. There was a meeting in Washington this weekend, organized by the IMF, during which all kinds of economists discussed how to squeeze more and faster growth out of the world, and it people. Because, as all economists have learned, and just about everyone else believes,

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Apr 112014
 
 April 11, 2014  Posted by at 6:41 pm Finance Tagged with: , ,  5 Responses »
Debt Rattle Apr 11 2014: Manipulated Markets And The Empty Bag
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Well, stocks are down substantially over the past few days, with internet and biotech taking big hits, and we see people like Marc Faber and Dennis Gartman urging people to get out of stocks. Something’s definitely going on. Time for a bunch of charts. And let’s start with a few of the comparison ones that everybody loves to hate, where you overlay when time period on another, and suggest similarities between both periods. This first one was used by Tyler

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Apr 102014
 
 April 10, 2014  Posted by at 4:17 pm Finance Tagged with: , , ,  No Responses »
Debt Rattle 10 2014: They Snuck In Eurobonds Through The Backdoor
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The headlines are great, but then so is the headfake. “Greece makes ‘triumphant’ return to the markets in €3 billion bond sale”, says the Guardian. CNBC speaks of a “voracious appetite” for Greek bonds, but does question whether it’s justified. Still, at first glance it certainly looks like the Greeks have been welcomed back into the fold of civilized people: Greece, the country once held responsible for sparking the sovereign debt crisis, managed to attract €20 billion ($27.7 billion) of

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Apr 092014
 
 April 9, 2014  Posted by at 3:15 pm Finance Tagged with: , , , ,  6 Responses »
Debt Rattle Apr 9 2014: The Great Unwashed American Energy Independence
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The eurocrisis is over, the US Navy makes fuel from seawater, and America will be energy independent by 2037, according to the EIA. Boy, where do we begin? We’re getting flooded with an increasing amount of sheer nonsense wrapped in sheep’s clothing, and it’s hard to keep up. We not only live in a pretend economy, by now most of what we think we see isn’t really there at all. Indeed, there’s not even a there there anymore. Look, if

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Apr 082014
 
 April 8, 2014  Posted by at 3:30 pm Finance Tagged with: , , , ,  2 Responses »
Debt Rattle Apr 8 2014: Blackwater Resurfaces In Ukraine
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Well, that’s great news, isn’t it? Blackwater is back. After a first wave of negative publicity over its involvement in Iraq, a major PR hush-hush campaign led to a series of mergers, takeovers and name changes; first, in 2009, it became Xe Services, only to turn into Academi in 2011. What a brilliant moniker for a bunch of modern day mercenaries that is. Who would expect a ruthless killing machine behind a name like that? Russia quite matter of factly

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Apr 072014
 
 April 7, 2014  Posted by at 3:54 pm Finance Tagged with: , , ,  5 Responses »
Debt Rattle Apr 7 2014: A Smart Species? Us?
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And once again the markets are happily and excitedly awaiting more free zombie capital from a major central bank, this time the ECB. Of course this is capital the markets, judging from where stock exchanges find themselves, absolutely don’t need, but, you know, gift horses have foul breath and all that. It’s some 15 years ago since the dotcom bubble started to burst, and half that long since the US (and Spanish, and Irish) housing bubble began to show what

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Apr 062014
 
 April 6, 2014  Posted by at 3:35 pm Finance Tagged with: , , ,  17 Responses »
Debt Rattle Apr 6 2014: It’s All Circle Jerks All The Way Down
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Sometimes similarities have an entertaining effect. Noticing how the US and China deal with their similar though not identical debt levels in similar though not identical ways made me think of the “it’s turtles all the way down” version of the origins of the universe – which has an ancient Hindu version that says the earth rests on an elephant which rests on a turtle -. It seems a pretty good fit when trying to describe the global financial system,

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Apr 042014
 
 April 4, 2014  Posted by at 3:34 pm Finance Tagged with: , , ,  7 Responses »
Debt Rattle Apr 4 2014: The Fed Desecrates The Constitution
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An amusing discussion is firing up ever more about what the ECB should do in the face of a – perceived or not – deflation threat. Many voices are clamoring for immediate action, claiming Mario Draghi et al may well already be too late, or even use words like “the spectacular idiocy of EMU policy”, as Ambrose Evans Pritchard does, who’s been on the topic for a very long time. IMF’s Christine Lagarde is a little less impolite and says:

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Apr 032014
 
 April 3, 2014  Posted by at 12:25 pm Finance 22 Responses »
Nicole Foss: Finance and Food Insecurity
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It’s taken some time, but Nicole is back. Here’s her first article in a hopefully productive cycle: Food insecurity has become a major global issue in recent years, underlying many of the instances of social upheaval around the world. This is both a reflection of the short-term fluctuations in an over-financialized commodity sector and also of the longer-term limits to growth scenario. As an ever greater number of limits are approached, a confluence of factors capable of compounding each other’s

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