Oct 232017
 
 October 23, 2017  Posted by at 9:19 am Finance Tagged with: , , , , , , , , , ,  No Responses »
Debt Rattle October 23 2017

Gordon Parks Place de la Concorde, Paris 1950   • Should I Stay or Should I Go? (IceCap) • Americans Have More Debt Than Ever – And It’s Creating An Economic Trap (BI) • Crisis, What Crisis? Banks Pile Back Into China (BBG) • China’s Home Price Growth Steadies In September (R.) • Jimmy Carter Unleashed: Russians Didn’t Alter Election (DaWi) • Italy Regions Back ‘Big Bang’ Autonomy (AFP) • Noble, Once Asia’s Largest Commodity Trader, Struggles To Survive (BBG)

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Oct 222017
 
 October 22, 2017  Posted by at 2:02 pm Finance Tagged with: , , , , , , , , , ,  9 Responses »
Is Capitalism Dead or Merely Dying?

Alfred Wertheimer Elvis 1956   New Zealand’s new prime minister Jacinda Ardern calls capitalism a blatant failure. Former Greek finance minister Yanis Varoufakis says capitalism is ‘merely’ coming to an end because it is making itself obsolete. Mathematics professor Bruce Boghosian claims that without redistribution of wealth, our market economy would not be stable, because wealth always tends to concentrate. The people at Artemis Capital Management write that the stock market has begun self-cannibalizing like a snake eating its tail,

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Oct 222017
 
 October 22, 2017  Posted by at 9:14 am Finance Tagged with: , , , , , , , ,  1 Response »
Debt Rattle October 22 2017

Edmund Melzl The Buddhas of Bamiyan in Afghanistan 1958   • Political Economics (Snider) • Smart Money And Dumb Money Are Moving In Opposite Directions (MW) • Beijing Is The Covert Buyer Of A Quarter Of All Chinese Real Estate (ZH) • The Mathematics of Inequality (TuftsNow) • New Zealand’s New Prime Minister Brands Capitalism A ‘Blatant Failure’ (Ind.) • Euroskeptic Billionaire on Route to Czech Election Victory (BBG) • US Immigrant Population Climbed To Record 43.7 Million In 2016

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Oct 212017
 
 October 21, 2017  Posted by at 9:07 am Finance Tagged with: , , , , , , , , , ,  4 Responses »
Debt Rattle October 21 2017

Robert Doisneau Vitrine, Galerie Romi, Paris 1948   • Will Trump Oversee The Financial Apocalypse? (Cohan) • Calm Before The Storm (Peter Schiff) • The Big Story: Edge Of The Cliff (RV/ZH) • A $4 Trillion Hole in Bond Market May Start Filling in 2018 (BBG) • US Fiscal Year Deficit Widens To $666 Billion (R.) • Fed’s Yellen Defends Past Policies As Trump Mulls Top Fed Pick (R.) • ‘Dr. Doom’, Marc Faber, Removed From More Boards After Comments

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Oct 202017
 
 October 20, 2017  Posted by at 7:54 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle October 20 2017

René Magritte Youth 1924   • Fed Flunks Econ 101: Understanding Inflation (MW) • Meet The Bears Predicting Stock Market Doom (CNN) • Catalan Groups Call For Mass Withdrawal Of Money From Bank ATMs (CN) • The World’s Largest ICO Is Imploding After Just 3 Months (ZH) • Scandal-Hit Nissan Suspends All Production For Japan Market (AFP) • End Of Australia Auto-Making Sector As Holden Closes Doors (AFP) • Top Startup Investors See Mounting ‘Backlash’ Against Tech (R.) • Native

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Oct 192017
 
 October 19, 2017  Posted by at 8:55 am Finance Tagged with: , , , , , , , ,  9 Responses »
Debt Rattle October 19 2017

Joan Miro The sun embracing the lover 1952   • Don’t Rely on US Consumers to Power Global Growth (DDMB) • Who Has the World’s No. 1 Economy? Not the US (BBG) • Capitalism Is Ending Because It Has Made Itself Obsolete – Varoufakis (Ind.) • Something Wicked This Way Comes: McDonald’s Stock Buybacks (Lebowitz) • $1 Trillion In Liquidity Is Leaving: Market’s First Crash-Test In 10 Years (ZH) • Dollar Funding Shortage Never Went Away And Starts To Get

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Oct 182017
 
 October 18, 2017  Posted by at 2:26 pm Finance Tagged with: , , , , , , , , ,  4 Responses »
Ray Dalio's Shorting The Entire EU

Salvator Rosa Heroic battle 1652   A point BOE Governor Mark Carney made recently may be the biggest cog in the European Union’s wheel (or is it second biggest? Read on). That is, derivatives clearing. It’s one of the few areas where Brussels stands to lose much more than London, but it’s a big one. And Carney puts a giant question mark behind the EU’s preparedness. Carney Reveals Europe’s Potential Achilles Heel in Brexit Talks Carney explained why Europe’s financial

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Oct 182017
 
 October 18, 2017  Posted by at 9:14 am Finance Tagged with: , , , , , , , , , ,  1 Response »
Debt Rattle October 18 2017

Marcel Bovis Lovers, Paris 1934   • No, China Isn’t Fixing Its Economic Flaws (BBG) • US Senators Reach Bipartisan Deal On Obamacare, Trump Indicates Support (R.) • Fixing Macroeconomics Will Be Really Hard (BBG) • Carney Reveals Europe’s Potential Achilles Heel in Brexit Talks (ZH) • Money Will Divide Europe After Brexit (R.) • Dalio’s Fund Opens $300 Million Bet Against Italian Energy Firm (BBG) • Boeing’s Attack on Bombardier Backfires (BBG) • The Gig Economy Chews Up And

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Oct 172017
 
 October 17, 2017  Posted by at 8:40 am Finance Tagged with: , , , , , , , , ,  4 Responses »
Debt Rattle October 17 2017

Rembrandt An Old Scholar Near a Window in a Vaulted Room 1631   • Asset Prices & Monetary Policy in an Irrational World (Whalen) • Central Banks Will Cause An Orgy of Blood (Clarmond) • Global Central Banking Leadership Flux Looms (R.) • Kobe Steel Faked Quality Data For Decades (Nikkei) • China’s Impact on Global Markets is About to Get Much Bigger (BBG) • China’s Banks Are Bingeing on Bonds Despite Debt Crackdown (BBG) • China Has Only Taken

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Oct 162017
 
 October 16, 2017  Posted by at 2:00 pm Finance Tagged with: , , , , , , , , ,  16 Responses »
Globalization is Poverty

Marc Riboud Zazou, painter of the EIffel Tower 1953   Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy has never been more interconnected than it is today, due mostly to the advance of globalism, neoliberalism and perhaps even more, technology. Ironically, all three of

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