Sep 152015
 
 September 15, 2015  Posted by at 9:43 am Finance Tagged with: , , , , , , , , , , ,  6 Responses »
Debt Rattle September 15 2015

John Vachon Rain. Pittsburgh, Pennsylvania Jun 1941 • China Stocks Sink Again: Shanghai Down 3.52% (Bloomberg) • China Sells Record FX In August, Shows Pressure After Devaluation (Reuters) • China Spending Surge Means Debts Will Only Get Larger (WSJ) • China Grabs Unused Funds To Spend On New Projects As Growth Slows (Reuters) • Brazil Downgrade Leaves Firms With $270 Billion Debt Hangover (Bloomberg) • Pimco, Fidelity Stung by Collapse of Petrobras’s 100-Year Bond (Bloomberg) • Deutsche Bank To Cut

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Sep 142015
 
 September 14, 2015  Posted by at 9:21 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle September 14 2015

DPC Wall Street and Trinity Church, New York 1903 • China Stocks Decline Most in Three Weeks (Bloomberg) • China’s Not The Only One Selling FX Reserves (CNBC) • BIS Fears Emerging Market Maelstrom As Fed Tightens (AEP) • BIS Sees Central Banks Following Fed’s Lead (WSJ) • Fischer’s 2014 Why-Wait Wisdom Points to Fed Liftoff This Week (Bloomberg) • Why Asia Shouldn’t Fear the Fed (Pesek) • Eurogroup President: Greece Can Choose to be Either North or South Korea

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Sep 132015
 
 September 13, 2015  Posted by at 9:27 am Finance Tagged with: , , , , , , , ,  4 Responses »
Debt Rattle September 13 2015

Arthur Rothstein Oregon or Bust, family fleeing South Dakota drought Jul 1936 • Britain Can’t Cut Its Way To Prosperity. We Have To Build It’ (Jeremy Corbyn) • The Fed’s Policy Mechanics Retool for a Rise in Interest Rates (NY Times) • China To Open Currency Market To Central Banks (WaPo) • China’s Economic Growth Sputters In August (Reuters) • Poland’s Not Feeling The Love For The Euro Anymore (CNBC) • Eurozone Waits For Greek Elections, Rules Out Renegotiation (Kath.)

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Sep 122015
 
 September 12, 2015  Posted by at 9:23 am Finance Tagged with: , , , , , , , , ,  18 Responses »
Debt Rattle September 12 2015

DPC The Mammoth Oak at Pass Christian, Mississippi 1900 • UN Warns Of Millions More Refugees Coming To Europe (Reuters) • Migrant Crisis Could Be ‘Biggest Challenge’ In EU History: Germany (AFP) • EU Refugee Quota Plan Rebuffed By At Least 4 European Nations (AP) • Hungary Wants European Military Forces At Greek Borders (DW) • Welcoming the Refugees: Has Germany Really Changed? (Juan Moreno) • Germany’s Asylum System Struggles to Cope (Spiegel) • China Is Dumping US Debt (CNN)

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Sep 112015
 
 September 11, 2015  Posted by at 1:33 pm Finance Tagged with: , , , , , , ,  18 Responses »
Gold - Follow the Yellow Brick Road?

Lewis Wickes Hine Game of craps. Cincinnati, Ohio 1908 The following is a veritable tour de force by Nicole Foss on the value of gold in a crashing economy, for different people in different circumstances. Nicole Foss: In light of the rapidly-propagating loss of confidence, and consequent shift to deflation, with falling prices across the board as a result, it is appropriate to review our stance on gold. The yellow metal is often perceived as a panacea – a safe

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Sep 112015
 
 September 11, 2015  Posted by at 9:57 am Finance Tagged with: , , , , , , , , , ,  5 Responses »
Debt Rattle September 11 2015

John Collier Japanese restaurant, Monday after Pearl Harbor, San Francisco Dec 8 1941 • It Is In Warsaw Not Athens That The March Of The Euro Will Be Halted (Telegraph) • The German Counter-Attack On Juncker’s Euro Plans (FT) • Brussels Plans Radical New Eurozone Treasury And Euro Parliament (Telegraph) • Oil Could Drop as Low as $20, Goldman Says (Bloomberg) • Shale Drillers Turn to Asset Sales as Early Swagger Wanes (Bloomberg) • Emerging-Market Currencies: Things Look to Get

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Sep 102015
 
 September 10, 2015  Posted by at 11:10 am Finance Tagged with: , , , , , , ,  13 Responses »
The EU Uses Every Crisis To Grab More Power

Thomas Eakins Walt Whitman 1891 Jean Claude Juncker held a speech yesterday that had, oh irony, been labeled a State of the Union. A perfect way of showing how pompous Juncker and his surroundings have become. A perfect way, too, to point out how much the European Union differs from the United States. The gap is so wide it doesn’t need any explaining. Much of the speech concerned the refugee crisis Juncker and his cronies share a lot of the

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Sep 102015
 
 September 10, 2015  Posted by at 9:16 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle September 10 2015

Dorothea Lange Negro woman who has never been out of Mississippi July 1936 • Japan’s Stock Market is Now Wilder Than China’s (Bloomberg) • China Deflation Risks Grow, Foreign Central Banks On Alert (Reuters) • Beijing Clamps Down On Forex Deals To Stem Capital Flight (FT) • Citigroup Sees 55% Risk of a Global Recession Made in China (Bloomberg) • SocGen Is Very Nervous About The Recent $9 Trillion Global Market Cap Loss (ZH) • UK North Sea Oil Investment

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Sep 092015
 
 September 9, 2015  Posted by at 9:00 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle September 9 2015

DPC St. Catherine Street, Montréal, Québec 1916 • Japan Shares Jump Most in Seven Years (WSJ) • Bond Market Sends Fed All-Clear to Raise Interest Rates (Bloomberg) • World Bank Economist Warns Fed Hike Could Harm Emerging Economies (WSJ) • Deutsche Bank: The U.S. Dollar Rally Is “Rotating, not Ending” (Bloomberg) • Market Volatility Has Changed Immensely (Tracy Alloway) • China Just Killed the World’s Biggest Stock-Index Futures Market (Bloomberg) • Perfect Storm Continues To Hammer EM Currencies (BNE) •

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Sep 082015
 
 September 8, 2015  Posted by at 9:16 am Finance Tagged with: , , , , , , , , ,  6 Responses »
Debt Rattle September 8 2015

Dorothea Lange Country store, Person County, NC Jul 1939 • The Way of the Dragon (Beppe Grillo) • Sovereign Debt as Weapon: Subverting Democracy in Greece (Zoe Konstantopoulou) • China Has Spent $236 Billion Trying to Rescue Its Stocks (Bloomberg) • Draghi’s QE Dispenses Huge Losses to European Stock Markets (Bloomberg) • Europe To Sink Into Deflation, Triggering Next Round Of Global Market Crash (SI) • In A Quota System You Do Not Kick Cans Down The Road, But People

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