The Automatic Earth

Debt Rattle August 19 2018

Aug 192018

August 19, 2018 Posted by Raúl Ilargi Meijer at 8:36 am Finance Tagged with: Brexit, coup, dollar, Ecuador, Erdogan, FBI, Jimmy Carter, liquidity, Mueller, Putin, Steele, Syria, Trump

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FacebookGoogle+TwitterLinkedinemail Pablo Picasso Portrait of Ambroise Vollard 1910 • Anatomy of a Crisis: A Strong Dollar and Disappearing Liquidity (Palisade) • Speculators Will Make Hay From Great Australian Economic Crash (Steve Keen) • Judge Rules FBI Must Address Measures Taken To Verify Steele Dossier (ZH) • White House Counsel “Cooperating Extensively” With Obstruction Probe (ZH) • Erdogan Says US Has Launched ‘Attempted Economic Coup’ (Ind.) • No-Deal Brexit May Force Rethink Of Vote – Ex-Civil Service Head (PA) •

Debt Rattle August 18 2018

Aug 182018

August 18, 2018 Posted by Raúl Ilargi Meijer at 9:28 am Finance Tagged with: bees, Brexit, glyphosate, mafia, Manafort, Mueller, Ohr, Papadopoulos, pesticides, SEC, security clearance, Trump

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FacebookGoogle+TwitterLinkedinemail Vincent van Gogh Portrait of Doctor Félix Rey, Arles. Rey disliked his portrait and gave it away 1889 • Furor Over Revoked Security Clearance Grows As Trump Said To Threaten More (G.) • What Was Bruce Ohr Doing? (Strassel) • US Special Counsel Recommends Six Months In Prison For Papadopoulos (R.) • CNN Sues Government To Get Names, Addresses Of Manafort Jurors (TF) • The Three-headed Monster (Kunstler) • Trump Pushes For SEC To End Quarterly Earnings Reports

Free The Press

Aug 172018

August 17, 2018 Posted by Raúl Ilargi Meijer at 1:34 pm Finance Tagged with: Assange, Brennan, Comey, editorials, evidence, Giuliani, media, Mueller, press, Russia, special counsel, Trump, Wikileaks

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FacebookGoogle+TwitterLinkedinemail William Hogarth Humours of an Election, Plate 2 1754 Two thirds of Americans want the Mueller investigation (inquisition, someone called it) over by the midterm elections. Trump lawyer Rudy Giuliani has said that if Mueller wants to interview Trump, he’ll have to do so before September 1, because the Trump camp doesn’t want to be the one to unduly influence the elections. Mueller himself appears to lean towards prolonging the case, and that may well be with an

Debt Rattle August 17 2018

Aug 172018

August 17, 2018 Posted by Raúl Ilargi Meijer at 9:37 am Finance Tagged with: Google, Italy, lira, Manafort, NATO, pastor, pensions, reasonable doubt, Russia, Trump, Turkey, USD

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FacebookGoogle+TwitterLinkedinemail Pablo Picasso Brick factory at Tortosa 1909 • Emerging Markets and US Treasuries (Albert Edwards) • Asia the Next Source of Downside Systemic Risk for Financial Markets (WS) • Trump Says US ‘Will Pay Nothing’ To Turkey For Release Of Detained Pastor (R.) • Lira Rallies As Turkey Pledges Spending Cuts To Avoid IMF Bailout (G.) • Turkish Tremors Will Cause Shocks In Britain (Times) • $125,000: The Pension Debt Each Chicago Household Is On The Hook For

Debt Rattle August 16 2018

Aug 162018

August 16, 2018 Posted by Raúl Ilargi Meijer at 8:51 am Finance Tagged with: Assange, Brennan, capitalism, lira, Monsanto, Rand Paul, RBS, Russia, Syria, tariffs, Tesla, Trump, Turkey, Warren

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FacebookGoogle+TwitterLinkedinemail Vasily Polenov Moscow courtyard 1878 • Turkish Lira Rallies As Qatar Makes $15bn Loan Pledge (G.) • Turkey Slashes Capacity Of Banks To Bet Against Struggling Lira (CNBC) • Turkey Joins Russia In Liquidating US Treasuries (ZH) • Turkey Wants Its Share Of Syria’s Reconstruction (AlM) • Italy, Not Turkey, Is The Biggest Threat To European Banks (CNBC) • RBS Bankers Joked About Destroying The US Housing Market (G.) • Elizabeth Warren Unveils Bold New Plan To Reshape

A Virgin, A Pastor and Two Soldiers

Aug 152018

August 15, 2018 Posted by Raúl Ilargi Meijer at 11:53 am Finance Tagged with: Brunson, coup, courts, Erdogan, Greece, Orthodox, pastor, pawns, release, soldiers, Trump, Tsipras, Turkey, Virgin Mary

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FacebookGoogle+TwitterLinkedinemail Salvador Dali The Madonna of Port Lligat 1950 On August 15, Greeks celebrate the “Dormition (or the Assumption) of the Virgin Mary (in Greek: Koimisis tis Theotokou). The holiday commemorates the “falling asleep” or death of the Theotokos (Mary, translated as “God-bearer”). August 15, one of the most important holidays in the Orthodox calendar, is celebrated across the country, and is a date when many Greeks leave the towns and cities where they live and work to return

Debt Rattle August 15 2018

Aug 152018

August 15, 2018 Posted by Raúl Ilargi Meijer at 9:11 am Finance Tagged with: Bezos, China, Greece, Guernsey, hothouse, Monsanto, obesity, plastics, release, tariffs, Tonga, Trump, Turkey

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FacebookGoogle+TwitterLinkedinemail Paul Signac Maison de Van Gogh Arles 1933 • Two Greek Soldiers Released From Turkish Jail Return Home (K.) • Turkey Shows Damage Of Fading World Order (R.) • Turkey Hikes Tariffs On Imports Of Selected US Products (AFP) • US Household Debt Rises To $13.3 Trillion In Second Quarter (R.) • Has Bezos Become More Powerful In DC Than Trump? (VF) • Trump Criticizes Some Russia Provisions Of Defense Bill (USAT) • Tonga PM Calls On China

Debt Rattle August 14 2018

Aug 142018

August 14, 2018 Posted by Raúl Ilargi Meijer at 7:37 am Finance Tagged with: Aegean, default, Italy, lira, mountain hare, Mueller, Musk, palm oil, primates, rupee, Russiagate, Turkey, VIPS

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FacebookGoogle+TwitterLinkedinemail Vincent van Gogh Vincent’s House in Arles (The Yellow House) 1888 • Turkey Will Be The Largest EM Default Of All Time (Russell Napier) • ‘What Happens In Turkey Won’t Stay In Turkey’ (CNBC) • Italy Expects Financial Market Attack In August (R.) • The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued (WS) • Indian Rupee Drops To All-Time Low Against Dollar Over Turkish Crisis (Ind.) • Close Up and Long Shot (Kunstler) • Musk: “I

Debt Rattle August 13 2018

Aug 132018

August 13, 2018 Posted by Raúl Ilargi Meijer at 8:43 am Finance Tagged with: Assange, Comey, contagion, Erdogan, euro, Flynn, FX, liquidity, lira, Mueller, solar, Trump, Turkey

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FacebookGoogle+TwitterLinkedinemail Vincent van Gogh The yellow house (The Street), Arles 1888 • Turkey Central Bank To Take ‘All Necessary Measures’ For Stability (AFP) • Turkey Pledges Action To Calm Markets (BBC) • Euro Drops To One-Year Low On Lira Crisis Contagion Fears (G.) • Beware the Dog Days of August (Pettifor) • Trump Gives Mueller Three Weeks For Sitdown (ZH) • Trump ‘Will Deny Under Oath’ Asking Comey For Flynn Leniency (AT) • Why Trump Cancelled the Iran Deal

Talk Cold Turkey

Aug 122018

August 12, 2018 Posted by Raúl Ilargi Meijer at 1:21 pm Finance Tagged with: Aegean, Ataturk, Christmas, collapse, debt, Erdogan, EU, Greece, IMF, lira, Putin, secular, Trump, Turkey

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FacebookGoogle+TwitterLinkedinemail Henri Matisse View of Nôtre Dame 1914 Recep Tayyip Erdogan became Prime Minister of Turkey in 2003. His AKP party had won a major election victory in 2002, but Erdogan was banned from political office until his predecessor Gül annulled the ban. Which he had gotten in 1997 for reciting an old poem to which he had added the lines “The mosques are our barracks, the domes our helmets, the minarets our bayonets and the faithful our soldiers….”