Jul 242015
 
 July 24, 2015  Posted by at 8:48 am Finance Tagged with: , , , , , , , , , , ,  
Debt Rattle July 24 2015

FacebookGoogle+TwitterLinkedinemail Harris&Ewing WSS poster, Washington DC 1917 • Why The Casino Is In For A Rude Awakening, Part I (David Stockman) • Gold Is In Its Worst Slump Since 1996 (CNN) • Cheap Money Is Here to Stay (Pesek) • A 50% Stock Market Plunge Would Not Be A Surprise (Blodget) • Forced Austerity Will Take Greece Back 65 Years (Jim Fouras) • Greece Braces For Troika’s Return To Athens (Guardian) • Italy’s Plan B For An Exit From The

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Jul 232015
 
 July 23, 2015  Posted by at 9:52 am Finance Tagged with: , , , , , , , ,  
Debt Rattle July 23 2015

FacebookGoogle+TwitterLinkedinemail Harris&Ewing No caption, Washington DC 1915 • Mining Shares Plunge As Commodities Index Hits 13-Year Low (FT) • Gold Isn’t Even Close To Being The Biggest Loser Among Commodities (MarketWtch) • Capital Exodus From China Reaches $800 Billion As Crisis Deepens (AEP) • A $4 Trillion Force From China That Helped the Euro Now Hurts It (Bloomberg) • China’s Shoppers May Take 10 Years To Step Up (CNBC) • Greek Parliament Approves EU Demands in Order to Keep the

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Jul 222015
 
 July 22, 2015  Posted by at 8:49 pm Finance Tagged with: , , , , , ,  
AE Fund for Athens: Update no. 3: Peristeri

FacebookGoogle+TwitterLinkedinemail Ilargi The Other Human crew, Monastoraki Square, Athens July 2015 I owe you all a major update on the AE for Athens Fund, and perhaps an apology for this taking so long. It’s been over a week since I made the latest donation, and I even left Greece 6 days ago already. As I noted before, I will have to go back, and take Nicole with me, and I’m planning to do that soon, in August. It’s just that

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Jul 222015
 
 July 22, 2015  Posted by at 9:47 am Finance Tagged with: , , , , , , , , ,  
Debt Rattle July 22 2015

FacebookGoogle+TwitterLinkedinemail Harris&Ewing The Post Office building in Washington DC 1911 • A Cynical Theory of Power and Organizational Dynamics (Dave Pollard) • Apple Plunges 7% On iPhone Sales Miss, China, Weak Guidance, Strong Dollar (ZH) • Commodity Currencies: Who’s The Ugliest Of Them All? (CNBC) • Plunging Oil Prices and A Volatile New Force In The Global Economy (WaPo) • China’s Market Plunge: Where Only 3% of Firms Could Trade (WSJ) • Europe Divided By A Sense Of Crisis And

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Jul 212015
 
Interview Nicole Foss for 'A Simpler Way: Crisis as Opportunity'

FacebookGoogle+TwitterLinkedinemail This almost 2-hour long interview was recorded in Samuel Alexander‘s backyard in a Melbourne suburb in April 2015. Part of it is slated to be used in a documentary called “A Simpler Way: Crisis as Opportunity”, written and produced by Jordan Osmond and Samuel Alexander. The documentary is set for release in April 2016. (Kudos for picture and sound quality, guys!) The fimmakers about their project: The purpose of the documentary is to unflinchingly describe the overlapping crises of

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Jul 212015
 
 July 21, 2015  Posted by at 10:05 am Finance Tagged with: , , , , , , , , ,  
Debt Rattle July 21 2015

FacebookGoogle+TwitterLinkedinemail Harris&Ewing The White House kitchen, Washington DC 1909 • Greek Banks Face Full Nationalisation (BBC) • Greek Banks Face Stress Tests At The Worst Time (Guardian) • National Bank of Greece Creditors Offer Funds to Prevent Losses (Bloomberg) • Greece: Plea For Unity As Banks Reopen (Guardian) • How Bad Things Were for Greek Banks When Capital Controls Were Introduced (BBG) • Syriza Inherited A Non-State (Fouskas and Dimoulas) • Commodity Rout Worsens as Prices Tumble to Lowest Since

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Jul 202015
 
 July 20, 2015  Posted by at 7:00 pm Finance Tagged with: , , , , , ,  
The Death of Democracy in a Byzantine Labyrinth

FacebookGoogle+TwitterLinkedinemail Harris&Ewing Agriculture Department, Cow jumps over moon 1920 It’s taken a while, but Nicole Foss is now coming back to the Automatic Earth for real. Here’s her take on Greece and everything that bubbles under its surface: Nicole Foss: The project of European Union, and its single currency experiment, were politically an attempt to unite fractious nations in order to put an end to a history of horribly destructive conflict. Economically, the goals were to scale up governance in

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Jul 202015
 
 July 20, 2015  Posted by at 9:05 am Finance Tagged with: , , , , , , , , , ,  
Debt Rattle July 20 2015

FacebookGoogle+TwitterLinkedinemail NPC Daredevil John “Jammie” Reynolds, Washington DC 1917 • Schäuble Was Ready To Give Greece €50 Billion To Quit The Euro (HeardinEurope) • Greece’s Real Crisis Deadline Arrives With ECB Debt to Pay (Bloomberg) • Greek Banks to Open Monday as Tsipras Prepares for Another Vote (Bloomberg) • Portugal’s Debts Are (Also) Unsustainable (Tavares) • Grexit Remains The Likely Outcome Of This Sorry Process (Münchau) • Krugman’s Money Is On A Grexit (CNN) • Why Austerity Is Not a

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Jul 192015
 
Debt Rattle July 19 2015

FacebookGoogle+TwitterLinkedinemail Harris&Ewing “Congressional Union for Woman Suffrage” 1916 • China’s $16.1 Trillion Corporate Debt Threat (Reuters) • Chinese Investors Flock To Sell Properties, Cancel Contracts (Nikkei) • Regulators Cannot Eliminate Volatility In China’s Stock Markets (Pettis) • Greece Should Turn To China To Break Debt Spiral – Economic Hit Man (ABC.au) • ‘Plan B’ Needed As Euro One Recession Away From Implosion – David McWilliams (GC) • Deeper Eurozone Integration Would Be A ‘Huge Mistake’ (Telegraph) • Built To Foster

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Jul 182015
 
 July 18, 2015  Posted by at 12:59 pm Finance Tagged with: , , , , , , , , ,  
Was Greece Set Up To Fail?

FacebookGoogle+TwitterLinkedinemail NPC “Georgetown-Marines game” 1923 I started writing this on my last night in Athens for now, Wednesday, and had no time to finish it then: On the eve of my temp absence from this great city, a few things. I could simply extend my stay, which might be slightly cheaper, but A) flights to Athens cost less all the time, and B) I have to go see my mom in Holland, who’s not doing well at all. On top

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