May 232016
 
Debt Rattle May 23 2016

• Japan April Imports Fall 23.3%, Exports Drop 10.1% (BBG) • Japan May Factory Activity Shrinks Most In Over Three Years (R.) • Investors Check Out of Europe (WSJ) • US Dollar Will Be The Winner When The EU Volcano Erupts (CNBC) • Saudi Financial Crisis ‘Could Leave Oil At $25’ As Bills Get Paid In IOUs (AEP) • The IMF And Calling Berlin’s Bluff Over Greece (Münchau) • Athens Agrees Fiscal Measures In Exchange For Debt Relief Talks (FT)

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May 222016
 
 May 22, 2016  Posted by at 9:29 am Finance Tagged with: , , , , , , , ,  No Responses »
Debt Rattle May 22 2016

• G-7 Warns on Weak Global Growth as Japan Bristles Over Yen (BBG) • Jeremy Corbyn Calls For New Economics To Tackle ‘Grotesque Inequality’ (G.) • “We Are Becoming Convinced That The System Won’t Stabilize” (Matt King) • Greece Braces for More Austerity Amid EU-IMF Quarrel About Debt (BBG) • This Time, The IMF Comes Bearing Gifts For The Greeks (G.) • Europe Should Heed The Lessons of 1913 (Horvat) • New Evidence About The Dangers Of Monsanto’s Roundup (Intercept)

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May 212016
 
 May 21, 2016  Posted by at 9:17 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle May 21 2016

• One-Third Of Chinese Real Estate Companies Are “Zombies” (Nikkei) • Defaults Throw Wrench in China’s $3 Trillion Company Bond Engine (BBG) • Easy Money = Overcapacity = Deflation (Rubino) • Cash-Stuffed US Balance Sheets No Match for Even Bigger Debt Loads (BBG) • US, Japan FX Row Overshadows G7 Meeting (R.) • Crude Tanker Storage Fleet Off Singapore Points To Stubborn Oil Glut (R.) • How Freddie and Fannie Are Held Captive (Morgenson) • TTIP: The Most Toxic Acronym

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May 202016
 
 May 20, 2016  Posted by at 8:59 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle May 20 2016

• Lacking New Ideas, G7 To Agree On ‘Go-Your-Own-Way’ Approach (R.) • Japan And US Are Headed For A Showdown Over Currency Manipulation (MW) • Kuroda Stresses Readiness to Act if Yen Rise Threatens Inflation Goal (WSJ) • US Business Loan Delinquencies Spike to Lehman Moment Level (WS) • China Steelmakers Attack US 522% Tariff Move; Say Need More Time (R.) • The Iron Mountain on China’s Doorstep Tops 100 Million Tons (BBG) • Big Chinese Banks Issue New Yuan-Denominated

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May 192016
 
 May 19, 2016  Posted by at 9:13 am Finance Tagged with: , , , , , , , ,  No Responses »
Debt Rattle May 19 2016

• Not All Death Crosses Are Created Equal (BBG) • China’s Communist Party Goes Way Of Qing Dynasty As Debt Hits Limit (AEP) • China’s Housing Bubble Is So Big, Goldman Will “Need A Bigger Chart” (ZH) • Emerging-Market Assets Under Pressure as Fed Minutes Lift Dollar (BBG) • The Case For Germany Leaving The Euro #Gexit (Bibow) • Europe’s Troubled Push For Bank Bail-Ins (FT) • Euro Area Shifts Greek Focus to Debt Relief to Win IMF Support (BBG)

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May 182016
 
 May 18, 2016  Posted by at 8:54 am Finance Tagged with: , , , , , , , , , ,  3 Responses »
Debt Rattle May 18 2016

• US Debt Dump Deepens In 2016 (CNN) • The Humungous Depression (Gore) • Negative Rates Are A Form Of Tax (MW) • The Negative Interest Rate Gap (Dmitry Orlov) • The EU Has “Run Its Historical Course” (ZH) • Italy Wins Brussels’ ‘Flexibility’ On Debt Reduction Targets (FT) • US Raises China Steel Taxes By 522% (BBC) • Chinas Debt Bubble Is Getting Only More Dangerous (WSJ) • China To Curb Shadow Banking Via Checks On Fund House Subsidiaries

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May 172016
 
 May 17, 2016  Posted by at 9:22 am Finance Tagged with: , , , , , , ,  2 Responses »
CERN Discovers New Particle Called The FERIR

This is an article by our friend Steve Keen, which was yanked by Forbes yesterday after just a few hours due to, according to Steve, their ‘parody policy’. I did some research and it turns out the Automatic Earth has no such policy. So I offered Steve to repost it here. Steve Keen: CERN has just announced the discovery of a new particle, called the “FERIR”. This is not a fundamental particle of matter like the Higgs Boson, but an

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May 172016
 
 May 17, 2016  Posted by at 7:59 am Finance Tagged with: , , , , , , , , ,  3 Responses »
Debt Rattle May 17 2016

• Deutsche Bank’s Woes May Be ‘Insurmountable’ (BBG) • Wall Street Banks See A Painful Summer For Stocks Ahead (MW) • IMF Wants Eurozone Debt Relief for Greece Until 2040-2080 (WSJ) • ECB Grants Debt Relief To All Eurozone Nations Except Greece (Vox) • Canada Terrified Of Popping Foreign-Buyer Housing Bubble (CBC) • New Zealand Housing Crisis Forces Hundreds To Live In Tents And Garages (G.) • Chinese Investors Have Spent $300 Billion On US Property (R.) • China’s Economy

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May 162016
 
Debt Rattle May 16 2016

• Goldman: The Median Stock Has NEVER Been More Overvalued (ZH) • The Business Of Corporate America Is No Longer Business – It Is Finance (FT) • Stockman: Trump Will Scare The Hell Out Of The Markets, But That’s OK (CNBC) • Trump’s ‘Print the Money’ Proposal Echoes Franklin and Lincoln (E. Brown) • India’s Central Bank Governor Warns On Stimulus Overuse (FT) • Average Asking Price For UK First-Time Buyer Home Jumps 6.2% In A Month (G.) • CERN

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May 152016
 
 May 15, 2016  Posted by at 9:28 am Finance Tagged with: , , , , , , , , , , ,  13 Responses »
Debt Rattle May 15 2016

• Steve Keen Talks Debt, Trump and Gold (RT) • Economists Disagree With Voters Who See US Worse Off Today Than in 1960s (WSJ) • China: “It Appears That All The Engines Suddenly Lost Momentum” (R.) • Chinese Banks’ New Loans Plunge By More Than Half In April (R.) • Shell Eyes $40 Billion Non-Core Asset Spin-Off To Cut Its Huge Debt Pile (Tel.) • Moody’s Downgrades Saudi Arabia, Bahrain, Oman (AP) • German Professors And Entrepreneurs File Complaint Against

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