May 182015
 
 May 18, 2015  Posted by at 9:50 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle May 18 2015

Harris&Ewing Car exterior. Washington & Old Dominion R.R. 1930 • Q Ratio: Today’s Stock Market Has at Least One Similarity to 1929 (Bloomberg) • Greece’s Debt Battle Exposes Deeper Eurozone Flaws (WSJ) • Would Staying In The Euro Be A Catastrophe For Greece? (Guardian) • Greek Endgame Nears for Tsipras as Bank Collateral Hits Buffers (Bloomberg) • Greek Lessons for UK’s David Cameron (WSJ) • David Blanchflower: Bank of England In Cloud-Cuckoo Land On Wages (Independent) • UK Police Warn

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May 172015
 
 May 17, 2015  Posted by at 10:35 am Finance Tagged with: , , , , , , , , , , , , ,  2 Responses »
Debt Rattle May 17 2015

Harris&Ewing Painless Dentist, Washington, DC 1918 • Most of US Domestic Manufacturing Now in Technical Recession (Tonelson) • When Fools Rush In… (Reuters) • The Coming Crash of All Crashes – but in Debt (Martin Armstrong) • Are You Ready For The Coming Debt Revolution? (Bill Bonner) • Exit Strategy, Part One: ZIRP (Mehrling) • Why Most Gold Bugs Are Dead Wrong (Jim Rickards) • US Wakes Up To New -Silk- World Order (Pepe Escobar) • Tsipras Told Lagarde Greece

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May 162015
 
 May 16, 2015  Posted by at 3:01 pm Finance Tagged with: , , , , ,  6 Responses »
What Resilience Is Not

Unknown Dutch Gap, Virginia. Bomb-proof quarters of Major Strong 1864 A little over a week ago I published an article at The Automatic Earth by our friend Dr. Nelson Lebo III from Wanganui, New Zealand, named Resilience is the New Black. After being reposted at Zero Hedge, Naked Capitalism and at least a dozen other sites, it may well have had more hits than everything he ever wrote put together. While that is obviously great, Nelson also did come away

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May 162015
 
 May 16, 2015  Posted by at 10:19 am Finance Tagged with: , , , , , , , , , , ,  5 Responses »
Debt Rattle May 16 2015

Lewis Wickes Hine Workers stringing beans in J.S. Farrand Packing Co, Baltimore 1920 • The New Era Of Return-Free Risk (Reuters) • Global Asset Classes Suffer From a Highly Contagious Disease (Bloomberg) • US Farmers In ‘Dire Straits’: JPM Warns Of Liquidity Crunch (Zero Hedge) • Private Debt, Economic Stagnation and a Modern Debt Jubilee (Steve Keen) • China Backtracks on Deleveraging Local Government Debt (WSJ) • China Deleveraging Measures Create Perpetual Leverage Machine (Zero Hedge) • A Blueprint for

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May 152015
 
 May 15, 2015  Posted by at 10:04 am Finance Tagged with: , , , , , , , , , , , ,  1 Response »
Debt Rattle May 15 2015

G. G. Bain Police machine gun, New York 1918 • Every Speculative Bubble Rests On Some Kind Of A Fairy Tale (G&M) • Banks Seek Waivers Ahead Of Forex Guilty Pleas (Reuters) • How China’s Banks Hide Trillions In Credit Risk – Full Frontal (Zero Hedge) • Max Keiser: ‘Britain Is The Epicentre Of Financial Fraud’ (Newsweek) • EU Prevents Greece From Implementing Reforms: Varoufakis (EFE) • Varoufakis Refuses Any Bailout That Would Send Greece In ‘Death Spiral’ (Guar.) •

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May 142015
 
 May 14, 2015  Posted by at 9:58 pm Finance Tagged with: , , , , , ,  13 Responses »
Why Not Tell Greece How To Run A Democracy?

Harris&Ewing Washington Monument, view from air 1919 I know I’ve talked about this before, but it just keeps coming and it keeps being crzay. Bloomberg ‘reports’ that the ‘German Finance Ministry’, let me get this right, “is supporting the idea of a vote by Greek citizens to either accept the economic reforms being sought by creditors to receive a payout from the country’s bailout program or ultimately opt to leave the euro.” And that’s it. They ‘report’ this as if

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May 142015
 
Debt Rattle May 14 2015

Walker Evans Street Scene, Vicksburg, Mississippi 1936 • The US Economy Is Signalling An Iceberg And We’re Out Of Lifeboats (Guardian) • Central Banks Are Running Low on Ammunition (Bloomberg) • America’s Future Got $7 Trillion Worse Since the Financial Crisis (Bloomberg) • The US Economy Has Left Behind 20 Million Americans (MarketWatch) • Epic Global Bond Rout Is A QE Success Story – But It Won’t Last (AEP) • Foreign Money Pours Into US Real Estate, and It’s Not

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May 132015
 
 May 13, 2015  Posted by at 10:15 am Finance Tagged with: , , , , , , , , ,  5 Responses »
Debt Rattle May 13 2015

Lewis Wickes Hine Workers in Maryland packing company 1909 • Obama’s Plans For TPP, TTIP Trade Deals In Tatters After Senate Vote (Guardian) • US Senate Votes Against Fast-Tracking TPP (RT) • Top Democratic Senator Blasts Obama’s TPP Secrecy (Intercept) • US Set to Rip Up UBS Libor Accord, Seek Conviction (Bloomberg) • No Respite In Selloff Of Low-Risk Bonds (Reuters) • Everyone Looks in the Wrong Place for the Answer to Low Real Rates (Bloomberg) • China Outlook Even

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May 122015
 
 May 12, 2015  Posted by at 10:06 pm Finance Tagged with: , , , , , ,  5 Responses »
Greece Is Now Just A Political Issue

Arthur Rothstein Bank that failed. Kansas 1936 Greece paid off the IMF yesterday with its IMF reserves. Is that a big deal? Whatever you may want to read into this, it’s been obvious for years that Greece needs major debt restructuring if it wants to move forward and have a future as a country -let alone a member of the eurozone-. Instead, the EU/troika anno 2010 decided to bail out German and French and Wall Street banks (I know there’s

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May 122015
 
Debt Rattle May 12 2015

G. G. Bain Temporary footpath, Manhattan Bridge 1908 • Fed Said To Have Emergency Plan To Intervene If US Defaulted On Debt (Reuters) • 5 Major Banks in Unprecedented Guilty Plea On Forex Rigging (Reuters) • US Companies Hoarding $1.7 Trillion In Cash (FT) • That Bond Selloff Cost How Much? (CNBC) • The Lessons For Greece’s Economy From 70 Currency Union Breakups (Bloomberg) • This One Chart Proves The Grexit Is Desirable, And Inevitable (Raas) • Greece Two Weeks

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