May 2014 - Page 3 of 3 - The Automatic Earth

Debt Rattle May 7 2014: A Parasite Is Devouring The Heart Of America

May 072014

May 7, 2014 Posted by Raúl Ilargi Meijer at 3:29 pm Finance Tagged with: America, Fed, housing, jobs 9 Responses »

Debt Rattle May 7 2014: A Parasite Is Devouring The Heart Of America

Arthur Rothstein Descendants of slaves on Pettway plantation, Gee’s Bend, Alabama February 1937 Tyler Durden runs a few lines by us from casino mogul Steve Wynn that paint a micro cosmos of everything that’s going wrong in our economies. Wynn calls the present conditions in which he conducts business “nirvana” because of prevailing artificially low interest rates and downward pressure on the dollar, but he also recognizes who pays for his nirvana. In very few words, he defines with precision

First Time In 800,000 Years: April CO2 Levels Above 400 ppm

May 072014

May 7, 2014 Posted by Raúl Ilargi Meijer at 7:54 am Finance Tagged with: CO2 16 Responses »

First Time In 800,000 Years: April CO2 Levels Above 400 ppm

Gottscho-Schleisner New York City view from Central Park February 12, 1933 This just in from, of all sources, CBS. It’s quite a milestone we’ve passed here. Time for some contemplation perhaps. Time to wonder if enough people will care enough soon enough. Doesn’t look like it. Looks like we’re too busy drilling in the ever scarcer remaining pristine locations we haven’t yet exploited, and too busy preparing to go to war over access to the very resources that lifted us

Debt Rattle May 6 2014: Americans Find A New Source Of Spending Money

May 062014

May 6, 2014 Posted by Raúl Ilargi Meijer at 3:08 pm Finance Tagged with: 401(k), home equity, money 6 Responses »

Debt Rattle May 6 2014: Americans Find A New Source Of Spending Money

Russell Lee 3-room shack of hired man for tenant farmer and family of 10, Dickens, Iowa 1936 Hurray! Americans have found a new source of spending money; after ATM-draining their home equity till even the roofs were underwater, and maxing out every single little shred of plastic they could lay their hands on, “families looked around for what was left”, and now it’s time to empty out 401(k)’s until there’s really nothing left at all anymore. Then it’ll be recovery

Debt Rattle May 5 2014: Who’s Going To Help The Recovery Recover?

May 052014

May 5, 2014 Posted by Raúl Ilargi Meijer at 7:00 pm Finance Tagged with: Ponzi, recovery, volatility 6 Responses »

Debt Rattle May 5 2014: Who's Going To Help The Recovery Recover?

Lewis Wickes Hine Berry pickers shack, Anne Arundel County, Maryland 1909 Hey, say what you will, but I’m not one to dodge the more difficult questions. And in the case of this one, I have no idea what the answer would be either. I think calling what we’ve seen to date a recovery is far too much of a semantic stretch in the first place, but even then, even if we assume a hypothetical economic recovery has occurred in America,

Debt Rattle May 4 2014: A Stampede Of Elephants In The China Shop

May 042014

May 4, 2014 Posted by Raúl Ilargi Meijer at 1:52 pm Finance Tagged with: China, control, debt, shadow 1 Response »

Debt Rattle May 4 2014: A Stampede Of Elephants In The China Shop

Ben Shahn Ads for popular malaria cure. Natchez, Mississippi October 1935 I’m going to take a number of different sources to paint a portrait of China. I’ll take a great series of numbers from Ambrose Evans-Pritchard, whose analysis we can all do without, and leave the analysis up to David Stockman, who goes a long way but, in my proverbial humble view, seems to be stumbling a bit towards the end. That is to say, as I’ve written before, when

Debt Rattle May 2 2014: How Bubbles Burst In A Global Market

May 022014

May 2, 2014 Posted by Raúl Ilargi Meijer at 6:21 pm Finance Tagged with: bubble, Grantham, Hussman, market, prediction 5 Responses »

Debt Rattle May 2 2014: How Bubbles Burst In A Global Market

Phillip Harrington Elvis in his Messerschmitt “bubble car”, with grandfather Jessie Presley 1956 More curious numbers every day. An increase of 288,000 jobs in the BLS report’s Establishment Survey, but a decline of 73,000 jobs in the Household Survey; an additional 988,000 Americans left the labor force for an all time high of 92 million not in the labor force, as the Labor Participation Rate moved towards lowest since January 1978 and the Birth/Death model added 234,000 jobs. This is

Debt Rattle May 1 2014: How America Grows Its Way Into Poverty

May 012014

May 1, 2014 Posted by Raúl Ilargi Meijer at 2:08 pm Finance Tagged with: Fed, Growth, healthcare, spending, US 3 Responses »

Debt Rattle May 1 2014: How America Grows Its Way Into Poverty

Jack Delano Two Trains passing on Atchison, Topeka & Santa Fe Railroad near Ash Fork, AZ March 1943 It was strange to see two Bloomberg articles side by side yesterday that didn’t look as if they were written in the same universe. Not Bloomberg’s fault, I think, they simply reported on an FOMC statement and incoming US economy numbers. But it was strange nonetheless. First, here’s the FOMC’s reasoning behind its decision to taper more: Fed Says Economy Has Picked

Newer Entries