Sep 222014
 
 September 22, 2014  Posted by at 9:52 pm Finance Tagged with: , , ,  No Responses »
Debt Rattle Sep 22 2014: The Fed Kills Emerging Markets For Profit

Emerging markets are about to get hit by a whopper of a double whammy. And if I were you, I wouldn’t be too surprised if it takes on epic proportions. The exposure that emerging markets, countries in the less wealthy parts of the globe, Asia, Eastern Europe, Africa, Latin America, have to the west has grown at a very rapid clip since, let’s say, Lehman. These countries were hit hard by the western crisis, but found what looked like a

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Sep 212014
 
 September 21, 2014  Posted by at 8:10 pm Finance Tagged with: , , ,  6 Responses »
Debt Rattle Sep 21 2014: What Game Is Being Played With the US Dollar?

On this relatively quiet Sunday, why not delve into a topic that’s as timely as it is controversial topic: the US greenback. I see it moving a lot lately, and I see a lot of opinions being expressed on those moves. But for most of those opinions, I got to say: I’m sorry, but I don’t think so. There’s such a huge amount of entrenched and ingrained ideas in the financial world about the dollar and inflation and gold, and

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Sep 192014
 
 September 19, 2014  Posted by at 3:25 pm Finance Tagged with: , , , , ,  17 Responses »
Debt Rattle Sep 19 2014: Scotland and the Spirit of Our Time

The quote of the day today must be this one from Belgian EU Trade Commissioner Karel De Gucht in the aftermath of the Scottish rejection of independence: “A Europe driven by self-determination of peoples … is ungovernable … ” I don’t think he understands the implications of what he says, and I’m quite sure he completely misses out on the mastodont sized problem he – quite accurately despite himself- describes. Which is something along the lines of ‘Europeans should stop

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Sep 182014
 
 September 18, 2014  Posted by at 9:17 am Finance Tagged with: , , ,  31 Responses »
Russian Union Of Engineers Accuses Ukraine Airforce In MH17 Crash

The Russian Union of Engineers has issued a report on what happened to flight MH17. The report has now been translated. It doesn’t leave open the option that MH17 was downed by a ground-to-air missile, something all other sources have so far labeled the most likely explanation for what happened on July 17. The Russian Union of Engineers instead claims the plane was attacked by a fighter jet, and that, since the east Ukraine rebels have no such jets, and

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Sep 172014
 
 September 17, 2014  Posted by at 7:18 pm Finance Tagged with: , , ,  10 Responses »
Debt Rattle Sep 17 2014: Scotland Must Vote Yes! For All Of Us

I want to start off by expressing my deeply felt admiration and gratitude for the way the Scots and Brits alike have made the run-up to the September 18 referendum a peaceful and civil affair. It’s not at all hard to imagine how this could have been very different. Hats off to y’all for that. And may it be an example for future independence referendums elsewhere. It should, the entire world should feel profoundly indebted to you for this. The

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Sep 162014
 
 September 16, 2014  Posted by at 8:13 pm Finance Tagged with: , ,  8 Responses »
Debt Rattle  Sep 16 2014: Subprime Is Back With A Vengeance

A few days ago, I wrote an essay about how ECB head Mario Draghi seeks to redefine the definitions of certain words and terms, like the one that define financial instruments, because he needs to find hundreds of billions in new spending money in Europe without adding to the behemoth existing debt (Germany won’t let him do that). And yes, that is indeed as impossible and meaningless as you think it is. But these are desperate times. Thing is, I

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Sep 152014
 
 September 15, 2014  Posted by at 5:40 pm Finance Tagged with: , , , ,  11 Responses »
Debt Rattle Sep 15 2014: The Yin and Yang of Growth and Power

These are dangerous times. The dangers come from places hardly anybody ever thought to look for them. And that is a danger in itself. The world has become an amalgamation of centralized blocks of power on the one hand, and a move away from these blocks on the other. The latter happens for good reason. Not that any such reason should be required. The plain and basic human right to, and desire for, freedom and self-governance should be enough. It

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Sep 142014
 
 September 14, 2014  Posted by at 6:24 pm Finance Tagged with: , , , , ,  11 Responses »
Debt Rattle Sep 14 2014: Draghi To Save Europe With Semantics

Before I get going, let me recommend two wonderful articles I put in today’s Daily Links list at The Automatic Earth. Which is updated every day around 8am Eastern Time, located at the top of every TAE page, and in more elaborate form, at bottom of the day’s essay; they are links to the things we ourselves read at a daily basis. The first article is a piece by Umair Haque called The Rupture, in which he tries to put

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Sep 122014
 
 September 12, 2014  Posted by at 8:07 pm Finance Tagged with: , , , ,  18 Responses »
Debt Rattle Sep 12 2014: The Fed Has A Big Surprise Waiting For You

The topic of potential interest rate hikes by central banks is no longer ever far from any serious mind interested in finance. Still, the consensus remains that it will take a while longer, it will take place in a very gradual fashion, and it will all be telegraphed through forward guidance to anyone who feels they have a need or a right to know. Sounds like complacency, doesn’t it? Now, it seems obvious that the Bank of Japan and the

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Sep 112014
 
 September 11, 2014  Posted by at 8:25 pm Finance Tagged with: , , , , ,  10 Responses »
Debt Rattle 9/11 2014: Shut Up George Soros

Someone should shut up George Soros. The Financial Times offers him a podium because he’s rich, and if you’re rich, people today think you must be smart, and right, as well. We admire money, not brains; indeed, we confuse the two. George is not right. George is much more old than right. George writes a plea for the United Kingdom and the European Union that misses on just about every single point. Because George lives in the past. When he

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