Oct 202014
 
 October 20, 2014  Posted by at 11:17 am Finance Tagged with: , , , , , , , , , ,  2 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

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Oct 192014
 
 October 19, 2014  Posted by at 9:41 pm Finance Tagged with: , , , ,  6 Responses »
Ain't Nobody Like To Be Alone

George Monbiot has written a bunch of whoppers in the recent past, his pleas for more nuclear plants as the only way to save mankind in particular raised far more questions than they provided answers. But not everything he’s written since is as nonsensical as those pieces. This week he came with one that I think everyone should read and think about. In it, he tries to tackle the topic of loneliness among us ‘modern people’. Not an easy topic

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Oct 192014
 
 October 19, 2014  Posted by at 10:50 am Finance Tagged with: , , , , , , , , , ,  1 Response »
Debt Rattle October 19 2014

• Low Oil Price Means High Anxiety For OPEC As US Flexes Its Muscles (Observer) • Germany’s Tough Medicine Risks Killing Off The European Project (Observer) • Why The Eurozone’s Woes Have Become The World’s Problem (Observer) • Under-30s Being Priced Out Of The UK (Observer) • Britain’s Five Richest Families Worth More Than Poorest 20% (Guardian) • UK Mortgage Battle Hots Up As Banks Prepare To Slash Rates (Guardian) • Why Abenomics Failed: There Was A “Blind Spot From

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Oct 182014
 
 October 18, 2014  Posted by at 8:12 pm Finance Tagged with: , , , , , , , ,  7 Responses »
Wealth Inequality Is Not A Problem, It's A Symptom

A comment on an article that comments on a book. I don’t think either provides, for the topic they deal with, the depth it needs and deserves. Not so much a criticism, more a ‘look further, keep digging, and ye shall find more’. And since the topic in question is perhaps the most defining one of our day and age, it seems worth it to me to try and explain. The article in question is Charles Hugh Smith’s Why Nations

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Oct 182014
 
 October 18, 2014  Posted by at 11:16 am Finance Tagged with: , , , , , , , ,  1 Response »
Debt Rattle October 18 2014

• The Stock Market, Inevitably, Is Going To Crash (MarketWatch) • One Simple Reason Why Global Stock Markets Are Reeling (AEP) • Jim Rogers: Sell Everything And Run For Your Lives (Zero Hedge) • The Return Of The ‘Fear Trade’ (MarketWatch) • Fannie, Freddie Plan Measures to Ease Lending to Riskier Borrowers (Bloomberg) • Why US Banks Are Now Extremely Vulnerable (Simon Black) • Just Try to Refinance. I Dare You (Ritholtz) • Rates Below 4% Leave U.S. Refinancing Banker

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Oct 172014
 
 October 17, 2014  Posted by at 9:07 pm Finance Tagged with: , , , , , , , ,  5 Responses »
Europe's Fatal Flaw Laid Bare For All To See. Again.

Da markets today sort of refound their – shaky – feet, oil up a dollar, EU exchanges up 3% or so, Greece even over 7%, while interestingly gold didn’t move much at all during the wild week (no safe haven), and most movement was perhaps, through all the see-saw, in bonds. To sum up the week: panic followed by plunge protection teams. And now the ‘leaders’ hope plunge protection will save another day too. And they may. Germany sinks a

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Oct 172014
 
 October 17, 2014  Posted by at 11:15 am Finance Tagged with: , , , , , , , , , ,  3 Responses »
Debt Rattle October 17 2014

• Greek Bond Rout Drags Down Markets From Ireland to France (Bloomberg) • World Braces As Deflation Tremors Hit Eurozone Bond Markets (AEP) • Greek Drama: Bond Yields Near 9% Threshold (CNBC) • Eurozone Crisis, 5 Years On: No Happy Ending For Greek Odyssey (Guardian) • European Bonds: It’s Every Country For Itself Now (CNBC) • Euro Economy’s Managers Aren’t Blinking in Market Rout (Bloomberg) • Volckerized Wall Street Dumping Bonds With Rest of Herd (Bloomberg) • Pimco To Blackstone

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Oct 162014
 
 October 16, 2014  Posted by at 5:51 pm Finance Tagged with: , , , , , ,  5 Responses »
Deflation Flirts With America

“When it becomes serious, you have to lie,” said brand-new EC head Jean-Claude Juncker back in May 2011. I’m thinking the last few days have been serious enough to warrant some real whoppers from Brussels. And beyond. Yesterday, one hour after the S&P reached its low point, not only was it deemed necessary to bring out the Plunge Protection Team, Fed grey head Janet Yellen was trotted out as well to soothe the dark mood with rosy tales about the

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Oct 162014
 
 October 16, 2014  Posted by at 11:14 am Finance Tagged with: , , , , , , , , , , ,  6 Responses »
Debt Rattle October 16 2014

• World Economy So Damaged It May Need Permanent QE (AEP) • Liquidity Nightmare Blamed For Crazy Market Moves (CNBC) • This Is Just The Beginning Of The Bear Market: Gartman (CNBC) • World Economy Gives Investors Growth Scare as They Look to US (Bloomberg) • Tumbling Oil Prices: Recession In Russia, Revolt In Venezuela? (Guardian) • Citigroup Sees $1.1 Trillion Stimulus From Oil Plunge (Bloomberg) • Oil Drop Makes US Drillers Own Worst Enemy (Bloomberg) • Yellen Voices Confidence

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Oct 152014
 
 October 15, 2014  Posted by at 11:29 am Finance Tagged with: , , , , , , , ,  10 Responses »
Debt Rattle October 15 2014

• BIS Warns On ‘Violent’ Reversal Of Global Markets (AEP) • No Happy Ending for Investors in Central Bank Fairy Tale (Bloomberg) • Saudi Prince Alwaleed Says Falling Oil Prices ‘Catastrophic’ (Telegraph) • Crumbling US Fix Seen With Global Trillions of Dollars (Bloomberg) • Americans Face Post-Foreclosure Hell As Wages, Assets Seized (Reuters) • The $11 Trillion Advantage That Shields U.S. From Turmoil (Bloomberg) • No Stock Salvation Seen in Bank Results as VIX Surges (Bloomberg) • Triple-Dip Eurozone Recession

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