Oct 252014
 
 October 25, 2014  Posted by at 12:12 pm Finance Tagged with: , , , , , , , , , , , ,  3 Responses »
Debt Rattle October 25 2014

• An Economy Based On Property Has Much To Fear (Independent) • Lenders Facing Soaring Costs Shutting Out U.S. Homebuyers (Bloomberg) • It Shouldn’t Hurt This Much to Get a Mortgage (Ritholtz) • Paying For Bad Habits: Hookers And Drugs Lift UK’s EU Bill (Guardian) • UK Chancellor Osborne’s Choice Of Words Is Sounding Alarm Bells (Guardian) • A Mystery Bidder Offers $3 Million for 6,000 of Detroit’s Worst Homes (BW) • Spanish Accuse Goldman, Blackstone Of Hiking Rent For

Read More...
Oct 242014
 
 October 24, 2014  Posted by at 7:42 pm Finance Tagged with: , , , , , , ,  1 Response »
Europe, or The 28 Stooges

Europe is fast turning into a freak comedy show. Very fast. Or maybe we should say it’s always been one, and it’s just that the Larry, Curly and Moe moves are only now coming out in droves. Or maybe, what do I know, we’re just starting to understand how much talent for farce and slapstick the boys from Brussels have always had. Just Wednesday, I wrote in 40% of Eurozone Banks Are In Bad Shape about a Reuters report based

Read More...
Oct 242014
 
 October 24, 2014  Posted by at 12:52 pm Finance Tagged with: , , , , , , , , , ,  4 Responses »
Debt Rattle October 24 2014

• The Zombie System: How Capitalism Has Gone Off the Rails (Spiegel) • Fed’s $4 Trillion Holdings Keep Boosting Growth Beyond End of QE (Bloomberg) • EU Tells Britain To Pay Extra €2.1 Billion Because It Does Well (FT) • EU Agrees To Budget Talks After £1.7 Billion Cash Demand On UK (BBC) • Renzi Vs Barroso Over EU’s Budget Letter (FT) • EU Agrees Target To Cut Greenhouse Gas Emissions by 40% in 2030 (FT) • German Lawmakers Rip

Read More...
Oct 232014
 
 October 23, 2014  Posted by at 11:23 pm Finance Tagged with: , , , , ,  8 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

Read More...
Oct 232014
 
 October 23, 2014  Posted by at 10:38 am Finance Tagged with: , , , , , , , , , , ,  6 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

Read More...
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

Read More...
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

Read More...
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

Read More...
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) •

Read More...
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

Read More...