Nov 242017
 
 November 24, 2017  Posted by at 9:50 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle November 24 2017

Dorothea Lange Migrant agricultural workers in California 1935   • The Party Is Over for Australia’s $5.6 Trillion Housing Frenzy (BBG) • The UK’s Future Economic Storm Just Got Worse (CNBC) • UK Consumer Confidence Hits Lowest Level Since Aftermath Of Brexit Vote (BBG) • After Sudden Rout, China Stock Traders Question Beijing Put • China Bank Profits Face Squeeze From Tighter Rules – Fitch (BBG) • China Reports Breaking Up Gang That Moved $3 Billion Abroad (AP) • Bitcoin

Read More...
Nov 232017
 
Austerity, Bloodletting and Incompetence

Nicolas de Staël Mer du nord 1954   Punxsutawney Phil Hammond, the UK chancellor, presented his Budget yesterday and declared five more years of austerity for Britain. As was to be expected. One doesn’t even have to go into the details of the Budget to understand that it is a dead end street for both the country and for Theresa May’s Tory party. So why the persistent focus on austerity while it becomes clearer every day that it is suffocating

Read More...
Nov 232017
 
 November 23, 2017  Posted by at 9:43 am Finance Tagged with: , , , , , , , , , , , ,  8 Responses »
Debt Rattle Thanksgiving 2017

Roger Viollet Great Paris Flood, Avenue Daumesnil 1910   • Fed Fears New Record High Credit Bubble – Danielle DiMartino Booth (USAW) • Global Debt Is Rising, Especially in Emerging Economies (St. Louis Fed) • Pressure on US Households Intensifies (DDMB) • Zombie Firms Roam Europe Because Banks Help Keep Them Undead • China Is Pumping A Lot Of Cash Into Its Economy To Calm Investors (CNBC) • Chinese Investors Eye Leverage to Juice U.S. CLO Returns (BBG) • China’s

Read More...
Nov 222017
 
 November 22, 2017  Posted by at 9:53 am Finance Tagged with: , , , , , , , , ,  13 Responses »
Debt Rattle November 22 2017

Arthur Rothstein Quarter Circle U Ranch, Big Horn County, MT 1939   • UK Water Firms Admit Using Divining Rods To Find Leaks And Pipes (G.) • UK MPs Vote ‘That Animals Cannot Feel Pain Or Emotions’ (Ind.) • UK Environment Department Using 1,400 Disposable Coffee Cups A Day (G.) • Biggest Bubble Ever? (ZH) • China Is On Course To Become One Of The World’s Most Indebted Nations (BBG) • China’s Growth Miracle Has Run Out Of Steam (Pettis)

Read More...
Nov 212017
 
 November 21, 2017  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , ,  6 Responses »
Debt Rattle November 21 2017

Notting Hill Gate Station, London 1860s   • China’s $15 Trillion Problem: Investors Don’t Believe in Losses (BBG) • Household Debt, Size Of Home Loans A Worry – Australia Regulator (ND) • Fiscal Sundown In America, Part 1 (Stockman) • The Approaching Silicon Valley Meltdown (St. Cyr) • Merkel Prefers Fresh Elections To Minority Government As Talks Fail (G.) • Italy To Go Beyond GDP, Measure La Dolce Vita (BBG) • Your Retirement Cash May Be In The Caymans. Can

Read More...
Nov 202017
 
 November 20, 2017  Posted by at 9:52 am Finance Tagged with: , , , , , , , , ,  3 Responses »
Debt Rattle November 20 2017

Stanley Kubrick Laboratory at Columbia University 1948   • Banks Show An Almost Autistic Disregard For The Law – Australia Senator (Abc) • ECB Proposes End To Deposit Protection (GC) • Europe Faces a Hamstrung Germany as Merkel’s Coalition Bid Fails • 3 Things That Could Destroy One Of The Greatest Stock Rallies Of All Time (BI) • China’s Clampdown On Shadow Banking Hits The Stock Market (BBG) • Mugabe Faces Impeachment as He Holds on as Zimbabwe Leader (BBG)

Read More...
Nov 192017
 
 November 19, 2017  Posted by at 10:04 am Finance Tagged with: , , , , , , , , ,  4 Responses »
Debt Rattle November 19 2017

Wyland Stanley Pontiac coupe at San Francisco Palace of Fine Arts 1935   • A Fiscal Disappointment – Tax Bill (Lebowitz) • Mt. Gox’s Bitcoin Customers Could Lose Again (R.) • The Coming Economic Downturn In Canada (MN) • How a Half-Educated Tech Elite Delivered Us Into Chaos (Naughton) • Europe Turns On Facebook, Google For Digital Tax Revamp (AFP) • When Unpaid Student Loan Bills Mean You Can No Longer Work (NYT) • Subways May Be the Latest Casualty

Read More...
Nov 182017
 
 November 18, 2017  Posted by at 1:49 pm Finance Tagged with: , , , , , , , , ,  8 Responses »
America is in Terminal Decline

Rembrandt van Rijn The Three Crosses 1653   John Rubino recently posted a graph from Bob Prechter’s Elliot Wave that points to some ominous signs. It depicts the S&P 500, combined with consumer confidence and savings rate. As the accompanying video at Elliott Wave, What “Too Confident to Save” Means for Stocks, shows, when the gap between high confidence and low savings is at its widest, a market crash -often- follows. In 2000, the subsequent crash was 39%, in 2007

Read More...
Nov 182017
 
 November 18, 2017  Posted by at 9:58 am Finance Tagged with: , , , , , , , , , , , ,  4 Responses »
Debt Rattle November 18 2017

Henri Cartier Bresson Juvisny, France 1938   • Consumers Are Both Confident And Broke (John Rubino) • You Have Been Warned (Lance Roberts) • Norway Plan to Sell Off $35 Billion in Oil, Gas Stocks Rattles Markets (BBG) • The World’s Biggest Wealth Manager Won’t Touch Bitcoin (BBG) • Trump’s Saudi Scheme Unravels (Alastair Crooke) • Saudi ‘Corruption’ Probe Widens: Dozens Of Military Officials Arrested (ZH) • Hariri Arrives in Paris With Family Amid Saudi-Iran Tensions (BBG) • Qatar Says

Read More...
Nov 172017
 
 November 17, 2017  Posted by at 9:50 am Finance Tagged with: , , , , , , , , , ,  5 Responses »
Debt Rattle November 17 2017

Arthur Rothstein Night view, downtown section. Dallas, Texas 1942   • America’s Racial Wealth Gap Is Staggering – And Government-Created (BI) • Australia’s Private Debt Juggernaut Rolls On (LFE) • John Malone says Amazon is a ‘Death Star’ (CNBC) • Einhorn Says Issues That Caused the Crisis Are Not Solved (BBG) • Corporate Zombies Are Threatening The Eurozone Economy (ZH) • Wall St. Bankers Secretly Used Chat Rooms To Rig Treasury Bond Trades (NYP) • Electricity Consumed To Mine Bitcoin

Read More...