Mar 042015
 
 March 4, 2015  Posted by at 11:50 am Finance Tagged with: , , , , , , ,  6 Responses »
A Day In The Life Of A Falling BRIC

It’s not that long ago, in 2001, that Jim O’Neill, then still with Goldman Sachs, coined the term BRICs, for the fast emerging markets of Brazil, Russia, India and China. O’Neill saw a global power shift from the west to these four nations happening. Fast forward to today, and we see Russia under multiple attacks, including economic ones, from the west, as India just announced the second rate cut this year and China is attempting controlled demolition of the possibly

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Mar 042015
 
 March 4, 2015  Posted by at 10:40 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle March 4 2015

• Only Mass Default Will End The World’s Addiction To Debt (Telegraph) • Eurozone Faces First Regional Bankruptcy In Austria’s Carinthia (AEP) • Shelby Says Fed Should Be Held Accountable for Its Actions (Bloomberg) • Yellen Says Fed Seeks to Avert ‘Capture’ by Banks It Oversees (Bloomberg) • Draghi’s Rescue Plan Has Created a $103 Billion Problem (Bloomberg) • ECB Glimpse of Cyprus Debt Mountain Shows Limits of Bank Cleanup (Bloomberg) • $2 Trillion Euro Government Bonds Trading At Negative

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Mar 032015
 
 March 3, 2015  Posted by at 10:53 am Finance Tagged with: , , , , , , , , , , ,  2 Responses »
Debt Rattle March 3 2015

• Heta Senior Bonds Plunge as Austria Cuts Off Aid to Bad Bank (Bloomberg) • The Great Global Monetary Easing of 2015 May Be Done by Midyear (Bloomberg) • Fed Ushers In A New Era Of Uncertainty On Rates (Hilsenrath at FT) • To Beat Austerity Greece Must Break Free From The Euro (Costas Lapavitsas) • Greece Eyes Last Central Bank Funds To Avert IMF Default (AEP) • Mixed Messages On Third Greek Bailout Talks (Reuters) • Greeks in the

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Mar 032015
 
 March 3, 2015  Posted by at 1:17 am Finance Tagged with: , , , , , ,  3 Responses »
Great Big Fat Greek Expectations

From what I read in the press every day, as well as from private communication, a pretty wide divide seems to appear between what many people think the Syriza government in Athens should do, and what they actually can do at this point in time. It should be useful to clarify what this divide consists of, and how it can be breached, if that is at all possible. In particular, many are of the opinion that Greece cannot escape its

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Mar 022015
 
 March 2, 2015  Posted by at 10:01 am Finance Tagged with: , , , , , , , , , ,  4 Responses »
Debt Rattle March 2 2015

• Austria On Track to Bail in Heta Creditors After Aid Stop (Bloomberg) • ‘What Is Desirable For The Eurozone May Not Be Feasible’ (Reuters) • David Stockman Warns ‘It’s One Of The Scariest Moments In History’ (Zero Hedge) • Are Central Banks Creating Deflation? (Zero Hedge) • Negative Yields: What Could Go Wrong? (CNBC) • Greek Debt Becoming Less Sustainable (Kathimerini) • German Finance Chief Schaeuble Softens Tough Tone Against Greece (Telegraph) • Greece Is Being Forced Into Purgatory

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Mar 012015
 
 March 1, 2015  Posted by at 12:58 pm Finance Tagged with: , , , , , , ,  4 Responses »
Debt Rattle March 1 2015

• Forget All Our Other Troubles – The Russians Are Coming! (Neil Clark) • What Is Money And How Is It Created? (Steve Keen) • Humiliated Greece Eyes Byzantine Pivot As Crisis Deepens (AEP) • Poll Surge For Alexis Tsipras’ Syriza As Greeks Learn To Smile Again (Guardian) • Greece’s Lenders Skeptical On New Bills But Focus On Funding Needs (Kathimerini) • Greece To Prioritize IMF Repayments But Wants Talks On ECB-held Bonds (AP) • Schäuble Softens Tone On Greece

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Feb 282015
 
 February 28, 2015  Posted by at 11:38 am Finance Tagged with: , , , , , , ,  4 Responses »
Debt Rattle February 28 2015

• Greece Seeks Negotiations On ECB Bond Repayment (Reuters) • Fed Won’t Be Predictable After Lifting Rates, Fischer Says (MarketWatch) • “Monetary Policy Is Bankrupt” Dr. Lacy Hunt Warns (Tavares via Zero Hedge) • Greek PM Alexis Tsipras Rules Out Third Bailout (BBC) • A Fierce Battle Looms (Alexis Papachelas via Kathimerini) • The Tortured Relationship between Schäuble and Varoufakis (Spiegel) • Homeland Security Shutdown Looms After House Fails To Approve Funding (Guardian) • Congress Avoids Homeland Security Shutdown With

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Feb 282015
 
When Centralization Scales Beyond Our Control

In an article about NATO exercises in Estonia, just 300 yards from the Russian border, Daniel McAdams at the Ron Paul Institute makes a point that I want to use to make a much broader point. Not the provide answers, though, just to provide questions. McAdams quotes the Guardian review of a book by George Sakwa: NATO’s Russia Border Games Russian military plane over international waters 25 miles from the UK coast is “real and present danger” to NATO. Yet…

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Feb 272015
 
 February 27, 2015  Posted by at 10:29 am Finance Tagged with: , , , , , , , ,  3 Responses »
Debt Rattle February 27 2015

• The US Recovery Story Is A Fraud: Albert Edwards (CNBC) • The US Is Not As Strong As You Think: Jim O’Neill (CNBC) • Québec Caisse’s Sabia Says Stock Markets Will ‘Run Out of Gas’ (Bloomberg) • Only One-Quarter Of Americans Plan To Retire (MarketWatch) • Americans No Longer Regard China As Top Enemy (CNBC) • Oil Futures Down Sharply On Rising US Inventories (Reuters) • China’s Real Estate Bust Is Worse Than It Seems (Pesek) • Greece Bailout

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Feb 262015
 
 February 26, 2015  Posted by at 11:11 am Finance Tagged with: , , , , , , , , , , ,  2 Responses »
Debt Rattle February 26 2015

• Oil Headed For $20-$30 As US Runs Out Of Storage Capacity (CNBC) • Yellen Fights Back as Lawmakers Intensify Push to Rein in Fed (Bloomberg) • Greece vs. Europe: Who Won? (Bloomberg) • Varoufakis Says Funding Problem Lies Ahead (Kathimerini) • Varoufakis Counts On ECB to Avoid Greek Default in March (Bloomberg) • European Banks vs. Greek Labour: Michael Hudson (TRNN) • Former Greek Finance Minister In Court For Tampering With Lagarde List (Guardian) • Greek Revenue Shortfall Came

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