Dec 172017
 
 December 17, 2017  Posted by at 10:31 am Finance Tagged with: , , , , , , , ,  7 Responses »
Debt Rattle December 17 2017

Russell Lee Shasta Dam under construction. Shasta County, California 1942   • Zombie Corporations: 10% Of Global Companies Depend On Cheap Money (Mish) • America’s Inequality Machine Is Sending the Dow Soaring (BBG) • “Dark Money” Runs the World (Nomi Prins) • ‘There’s No Life Here’: A Journey Into Britain’s Precarious Future (O.) • Brexit: Britons Now Back Remain Over Leave By 10 Points (Ind.) • Call Off Brexit Bullies Or Face Defeat, Conservative Peers Tell May (G.) • Metlife

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Dec 162017
 
The Greek Fraud Reads Like a Crime Novel

Tamara de Lempicka The refugees 1937   Note: I feel kind of sorry this has become such a long essay. But I still left out so much. You know by now I care a lot about Greece, and it’s high time for another look, and another update, and another chance for people to understand what is happening to the country, and why. To understand that hardly any of it is because the Greeks had so much debt and all of

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Dec 162017
 
 December 16, 2017  Posted by at 10:32 am Finance Tagged with: , , , , , , , , , , ,  5 Responses »
Debt Rattle December 16 2017

Ann Rosener Salvage. Chicago automobile graveyard. 1942   • A Journey Through A Land Of Extreme Poverty: Welcome To America (G.) • The Chart That Jeffrey Gundlach Calls “Must Watch” For 2018 (ZH) • Ignorance Is No Excuse (Roberts) • Uber Stole Trade Secrets, Bribed Foreign Officials And Spied On Rivals (G._ • While Truth Puts On Its Shoes (W.Standard) • Taking Liberty (Jim Kunstler) • France, Germany To Unveil Eurozone Reforms In March (AFP) • EU To Force Firms

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Dec 152017
 
Debt Rattle December 15 2017

Gustave Courbet The bathers 1853   • Central Banks Want World To Party On As They Remove Punch Bowl (BBG) • This Is What Happened To The American Dream – It’s Not Pretty (MW) • The Rude Awakening Of Slumbering Bulls (Roberts) • MiFID’s Cautious Start on Bond-Price Rules Shows Lobbying Impact (BBG) • Why American Capitalism Doesn’t Work For All Americans – Deaton (MW) • Europe’s Sovereign-Bank ‘Doom Loop’ Can’t Be Broken (BBG) • Jim Chanos: We Think Tesla

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Dec 142017
 
 December 14, 2017  Posted by at 10:35 am Finance Tagged with: , , , , , , , , , , ,  21 Responses »
Debt Rattle December 14 2017

Joseph Mallord William Turner Norham Castle, Sunrise 1845   • Fed Boosts Benchmark Rate For Third Time This Year (AP) • PBOC Raises Borrowing Costs In Surprise Move Following Fed Hike (BBG) • European Bond-Buying ‘Tsunami’ Is Set to Fade as ECB Tapers (BBG) • Risk May Be Low But Uncertainty Just Hit Record Highs (ZH) • Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers (WS) • These Guys Want to Lend You Money Against Your Bitcoin (BBG) •

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Dec 132017
 
 December 13, 2017  Posted by at 10:22 am Finance Tagged with: , , , , , , , , , ,  7 Responses »
Debt Rattle December 13 2017

MC Escher Relativity 1953   • ‘Buy the Dip’ Has Never Been More Popular in US Stocks (BBG) • Bitcoin Bears Soon Able to Short Futures Through Interactive Brokers (BBG) • China’s GDP Growth Set To Plunge To Near 30-Year Low In 2018 – ADB (CNBC) • Free Money From China Comes With Strings (CNBC) • 2700 By Christmas? (Roberts) • The Great Globalisation Lie (Rodrik) • Britain Doesn’t Appear To Be Collapsing As A Result Of Brexit (Bilbo) •

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Dec 122017
 
 December 12, 2017  Posted by at 3:03 pm Finance Tagged with: , , , , , , , , ,  1 Response »
Bitcoin Doesn't Exist - The Full Story

Gustave Courbet Seascape 1874     Bitcoin Doesn’t Exist was written exclusively for the Automatic Earth by Dr. D and first published as a five-part series there. The Full Story combines these five parts. Given the length and the amount of information, we suggest you might want to save or bookmark it. And you can of course always express your appreciation of the Automatic Earth through Paypal.     Dr. D: Bitcoin is all the rage today, and as it

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Dec 122017
 
 December 12, 2017  Posted by at 10:28 am Finance Tagged with: , , , , , , , , , , , , ,  3 Responses »
Debt Rattle December 12 2017

Wassily Kandinsky Clear connection 1925   • How Fed Rate Hikes Impact US Debt Slaves (WS) • Why Obamacare Is Locked In An Inescapable Death Spiral (ZH) • Sitting Closer To The Exit (Roberts) • Oil Producers Turning to Crypto to Solve Sanctions Problems (Luongo) • Peak Bitcoin Media Mania Yet? (WS) • Bitcoin – Millennials’ “Fake Gold” (Katsenelson) • Next Bank of Japan Governor Faces a ‘Job From Hell’ (BBG) • Sweden: More Signs The World’s Biggest Housing Bubble

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Dec 112017
 
 December 11, 2017  Posted by at 10:27 am Finance Tagged with: , , , , , , , , , ,  9 Responses »
Debt Rattle December 11 2017

MC Escher Balcony 1945   • Bitcoin Futures Top $18,000, Soar 20% From Open – Halted for Second Time (ZH) • Investors Told to Brace for Steepest Rate Hikes Since 2006 (BBG) • The Struggle To Maintain The “Standard Of Living” (Roberts) • China Audit Finds Provinces Faked Data and Borrowed Illegally (BBG) • Markets Tell You What To Do If You Listen (Peters) • UK Seeking ‘Canada Plus Plus Plus’ EU Trade Deal (BBG) • Brexit’s Just A Distraction

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Dec 102017
 
 December 10, 2017  Posted by at 2:33 pm Finance Tagged with: , , , , , , , , ,  13 Responses »
Bitcoin Doesn’t Exist – 5

Gustave Courbet Sunset on Lake Geneva 1876     Chapter 1 of this five-part series by Dr. D is here: Bitcoin Doesn’t Exist – 1 Chapter 2 is here: Bitcoin Doesn’t Exist – 2 Chapter 3 is here: Bitcoin Doesn’t Exist – 3 Chapter 4 is here: Bitcoin Doesn’t Exist – 4 Next up: all 5 chapters combined in one big essay.     Dr. D: Bitcoin can be stolen. Although “Bitcoin” can’t be hacked, it’s only software and has

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