Apr 232017
 
 April 23, 2017  Posted by at 2:31 pm Finance Tagged with: , , , , , , , , , ,  7 Responses »
Surplus or Stimulus

René Magritte Le Cri du Coeur 1960   Austerity is over, proclaimed the IMF this week. And no doubt attributed that to the ‘successful’ period of ‘five years of belt tightening’ a.k.a. ‘gradual fiscal consolidation’ it has, along with its econo-religious ilk, imposed on many of the world’s people. Only, it’s not true of course. Austerity is not over. You can ask many of those same people about that. It’s certainly not true in Greece. IMF Says Austerity Is Over

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Apr 232017
 
 April 23, 2017  Posted by at 8:30 am Finance Tagged with: , , , , , , , , , ,  1 Response »
Debt Rattle April 23 2017

How we got here   • Disintegrating Left-Right Divide Sets Stage For French Political Upheaval (G.) • The Main Issue in the French Presidential Election: National Sovereignty (CP) • ECB Stands Ready to Support Banks If Needed After France Vote (BBG) • It Is Time To Break Up The Fed (IFT) • China’s Credit Excess Is Unlike Anything The World Has Ever Seen (Brown) • The US Retail Bubble Has Now Burst (ZH) • UK Retail Sales Volumes Fall At

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Apr 222017
 
 April 22, 2017  Posted by at 8:38 am Finance Tagged with: , , , , , , , , ,  No Responses »
Debt Rattle April 22 2017

Andrei Rublev Trinity 1411   • White House Orders Agencies to Prepare for Potential Government Shutdown (BBG) • Beware: The Next Financial Crisis Is Coming (Planet Ponzi) • Robert Prechter Is Awaiting A Depression-Like Shock In The US (MW) • Fed’s Fisher Warns Trump About Plans To ‘Do A Number’ On Dodd-Frank (BI) • Former FinMin Says China Should Let Local Governments Default on Debt (BBG) • Everything Gets Worse – Pakistan vs. India (Bhandari) • Dijsselbloem Sees ‘Tough’ Greek

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Apr 212017
 
 April 21, 2017  Posted by at 6:35 pm Finance Tagged with: , , , , , , , , , ,  2 Responses »
You Are Not An Investor

Giotto Legend of St Francis, Exorcism of the Demons at Arezzo c.1297-1299   You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function. You are therefore not an investor. Perhaps you are a

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Apr 212017
 
 April 21, 2017  Posted by at 8:47 am Finance Tagged with: , , , , , , , , ,  2 Responses »
Debt Rattle April 21 2017

Fred Stein Nadinola 1944   • Trump Signals Provide Comfort to Central Bankers, Finance Ministers (WSJ) • Protectionism Is More Than a Political Statement (Grant) • Fed Intensifies Balance-Sheet Discussions With Market Players (BBG) • Paul Tudor Jones Says U.S. Stocks Should ‘Terrify’ Janet Yellen (BBG) • China’s Stocks Refuse to Drop More Than 1% (BBG) • Toronto To Impose 15% Tax On Foreign Home Buyers (G.) • Why Not a Probe of ‘Israel-gate’? (Robert Parry) • Arresting Julian Assange

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Apr 202017
 
 April 20, 2017  Posted by at 9:04 am Finance Tagged with: , , , , , , , ,  5 Responses »
Debt Rattle April 20 2017

Fra Filippo Lippi 1406-1469 The Virgin Mary   • The IMF Says Austerity Is Over (Tel.) • Reflation Trades of 2016 Deflate With Remarkable Speed (R.) • IMF Warns High US Corporate Leverage Could Threaten Financial Stability (WSJ) • Securities-Based Loans Are Scaring Fiscal Experts (NYP) • Telling the Truth: (P + G) – M = I (MarkGB) • You’re Hired! A Guaranteed Job For Anyone Who Wants One (DJ) • Japan’s Middle-Aged ‘Parasite Singles’ Face Uncertain Future (R.) •

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Apr 192017
 
 April 19, 2017  Posted by at 9:06 am Finance Tagged with: , , , , , , , , ,  2 Responses »
Debt Rattle April 19 2017

Jan van Eyck Saint Barbara 1437   • The Great Western Economic Depression (Nielson) • How Western Civilisation Could Collapse (BBC) • Why the Federal Reserve Is Bad for America (DDMB) • Trump’s New Problem: Americans Aren’t Shopping (CNN) • British PM Wants Election Now, Before Cost of Brexit Becomes Clear (ICept) • UK Tory MPs Still Under Investigation For Election Fraud (Can.) • China’s $8.5 Trillion Shadow Bank Industry Is Back in Full Swing (BBG) • So China’s Authorities

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Apr 182017
 
 April 18, 2017  Posted by at 9:26 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle April 18 2017

Albrecht Dürer Study of the left hand of an apostle (for the Heller Altar) c.1508   • Trump’s Next Big Policy Reversal Could Be On The TPP (CNBC) • Strong Dollar Could Cause Bond Market Crash – Martin Armstrong (USAW) • Stocks, Bonds Diverge Over Trump Tax Reform, Stimulus Odds (CNBC) • We’re Borrowing Our Way to Economic Disaster – Stockman (DR) • BMO Bundles Uninsured Mortgages in a Canadian Bond First • UK Will Never Build Enough Homes To

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Apr 172017
 
 April 17, 2017  Posted by at 9:00 am Finance Tagged with: , , , , , , , ,  1 Response »
Debt Rattle April 17 2017

Rembrandt The Descent from the Cross 1634   • Mother of All Debt : Trump Reflation Fantasy Ends on Day 100 (Stockman) • Trump Gives Generals More Freedom In ISIS Fight (WSJ) • Who Are the Debt Slaves in this Rich Nation? (WS) • Time Has Come For Banks To Prepare For Interest Rate Rises – Bundesbank (CNBC) • World’s Biggest Aluminum Producer Faces Default (ZH) • China Home Sales Surge 18% In March Ahead Of Stepped-Up Curbs (BBG) •

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Apr 162017
 
 April 16, 2017  Posted by at 8:54 am Finance Tagged with: , , , , , , , , ,  5 Responses »
Debt Rattle Easter Sunday 2017

Fred Stein Snow White 1946   • Who Will Buy Baby Boomers’ Homes? (CityLab) • Canada Completely Lost Its Mind Over Real Estate (McL) • The Bank of Canada Should ‘Cease and Desist’ (Mises) • Will Trump Accept Responsibility When This Shitshow Implodes? (Quinn) • Can We Avoid Another Financial Crisis? (ET) • China Finally Halts Outflows. Now What? (Balding) • Russia Could Soon Take Over A Chunk Of US Oil Infrastructure (Vice) • Britain Set To Lose EU ‘Crown

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