Jun 302016
 
 June 30, 2016  Posted by at 8:32 am Finance Tagged with: , , , , , , , ,  No Responses »
Debt Rattle June 30 2016

• The End Of The EU Is Coming: Ron Paul (CNBC) • ‘British Pound Signals US Stocks Are About To Fall Hard’ (CNBC) • US Banks Beat Fed Stress Test as Deutsche Bank, Santander Fail Anew (BBG) • Deutsche Bank Is The Riskiest Financial Institution In The World: IMF (ZH) • Steve Keen on Brexit (Hartmann) • Singapore Bank Suspends London Property Loans (R.) • Was Brexit Fear A Giant Hoax Or Is This The Calm Before The Next Storm?

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Jun 292016
 
 June 29, 2016  Posted by at 12:46 pm Finance Tagged with: , , , , , , ,  10 Responses »
Britain Can't Stand On Its Own Two Legs

George Osborne declared on Monday that the UK “is in a position of strength” (he meant the economy, not the football team). No, it is not. That’s why he and his ilk lost the vote. But Osborne’s actually thick enough to look in the mirror and tell himself he did a good job. Utterly blind to the people he keelhauled over the past 6 years. And no doubt while he’s at it, he’s at least tempted to label all 17

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Jun 292016
 
 June 29, 2016  Posted by at 8:06 am Finance Tagged with: , , , , , , , ,  1 Response »
Debt Rattle June 29 2016

• 16 Reasons To Celebrate Brexit’s Win (Bandow) • Brexit, a Step in the Right Direction (OTM) • Brexit Pulls Central Bankers In Conflicting Directions (WSJ) • When Central Planning Fails (ZH) • Cameron Wins Brexit Breathing Space At Gloomy EU Summit (AFP) • Draghi Wishes for a World Order Populists Will Love to Hate (BBG) • Exposure Of Asian Economies To UK Banks Will Cause Sharp Slowdown (SCMP) • Japan Inc.’s Yen Nightmare Looms at Large Exporters (BBG) •

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Jun 282016
 
 June 28, 2016  Posted by at 9:20 am Finance Tagged with: , , , , , , , ,  5 Responses »
Debt Rattle June 28 2016

• Stocks Halt Brexit Selloff as Pound Rebounds With Commodities (BBG) • Asian Stocks Erase Losses as Japan Shares Gain on Stimulus Bets (BBG) • Jim Rogers On Brexit: Worse Than Any Bear Market You’ve Seen In Your Life (Y!) • Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard (ZH) • European Banks Crash To Worst 2-Day Loss Ever As Default Risk Soars (ZH) • Brexit Is the Sum of China’s Fears (Balding) • Brexit

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Jun 272016
 
 June 27, 2016  Posted by at 9:10 am Finance Tagged with: , , , , ,  9 Responses »
Debt Rattle June 27 2016

• I Walked From Liverpool To London. Brexit Was No Surprise (G.) • UK Will Emerge From Brexit Just Fine, It’s Europe That’s In Trouble (CNBC) • Britain ‘May Never’ Trigger EU Divorce (AFP) • Post-Brexit Global Equity Loss Of Over $2 Trillion Worst Ever: S&P (R.) • Firms Plan To Quit UK As City Braces For More Post-Brexit Losses (G.) • Brexit: Most Commentaries Miss The Point (Kuttner) • Raw Democracy: Why The British Said No To Europe (Pilger)

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Jun 262016
 
 June 26, 2016  Posted by at 8:57 am Finance Tagged with: , , , , , , ,  2 Responses »
Debt Rattle June 26 2016

• Cameron Has Snookered Boris On Brexit, Article 50 (G.) • Brexit: ‘Half’ Of Labour Shadow Cabinet Set To Resign (BBC) • How David Cameron -And Jeremy Corbyn- Blew It (Pol.) • Brexit Is A Bear Stearns Moment, Not A Lehman Moment (Hunt) • Why the UK Said Bye Bye to the EU (Escobar) • Brexit ‘Perfect Storm’ For South Africans Overloaded With Debt (Fin24) • The Other Side To The UK’s Housing Crisis (O.) • Revolts of the Debtors:

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Jun 252016
 
 June 25, 2016  Posted by at 8:26 am Finance Tagged with: , , , , , , , ,  3 Responses »
Debt Rattle June 25 2016

• World’s 400 Richest People Lose $127 Billion on Brexit (BBG) • Global Markets Lose $2.1 Trillion In Brexit Rout (AFP) • [Friday Was] The Appetizer For Monday (ZH) • Alan Greenspan Says Brexit Is The ‘Tip Of The Iceberg’ For Europe (MW) • Bravo Brexit! (David Stockman) • The Sky Has Not Fallen After Brexit But We Face Years Of Hard Labour (AEP) • They Got It Wrong: Swarms of Global Chatterers Misread Brexit (BBG) • UK ‘Leave’ Vote

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Jun 242016
 
 June 24, 2016  Posted by at 10:16 am Finance Tagged with: , , , , , , ,  9 Responses »
Brexit: The System Cannot Hold

Well, they did it. A majority of Britons made clear they’re so fed up with David Cameron and everything he says or does, including promoting the EU, that they voted against that EU. They detest Cameron much more than they like Nigel Farage or Boris Johnson. It seems that everyone has underestimated that. Cameron just announced he’s stepping down. And that points to a very large hole in the ground somewhere in London town. Because going through a list of

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Jun 232016
 
 June 23, 2016  Posted by at 8:48 am Finance Tagged with: , , , , , , ,  4 Responses »
Debt Rattle June 23 2016

• World’s Central Bankers Will Be Holed Up In Basel For Brexit Fallout (BBG) • Who Is The “European Movement”? (Werner) • Vancouver Proposes Tax on Empty Homes If Province Fails to Act (BBG) • IMF Warns The US Over High Poverty (BBC) • China’s Xi Lauds New Silk Road (R.) • Tesla: Incessant Cash Burn, Looming Competition No Trillion-Dollar Formula (WSJ) • Tesla Bid For Solarcity ‘Shameful’: Jim Chanos (BBC) • ECB Restores Bond Waiver, Lets Greek Banks Tap

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Jun 222016
 
 June 22, 2016  Posted by at 1:08 pm Finance Tagged with: , , , , , , , , ,  10 Responses »
The European Union: Government by Deception

I stumbled upon an article by Day of the Jackal author Frederick Forsyth, published last week in the Daily Express, that I think every Briton and European and everyone else should read. Forsyth doesn’t delve into the American pressure to form a European Union as a counterweight to the Soviet Union, he sticks with ‘founding father’ Jean Monnet and his reasoning behind the particular shape the Union took. And that is bad enough. All Forsyth has to do is to

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