Aug 212016
 
(Really) Alternative Banking Systems

Dorothea Lange Home of rural rehabilitation client, Tulare County, CA 1938   Our by now regular contributor Dr. Nelson Lebo III, the New Englander ‘lost’ in New Zealand, sent me another article, and it’s great (well, in my view). His title for the article may put some people on the wrong foot, but I think that’s alright. I’ve been to New Zealand a few times, and Nicole of course has even moved there, so I was aware of how poorly

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Aug 212016
 
 August 21, 2016  Posted by at 9:13 am Finance Tagged with: , , , , , , , , ,  10 Responses »
Debt Rattle August 21 2016

Dorothea Lange ‘A season’s work in the beans’, Marion County, Oregon 1939 • Neo-Liberalism Has Had Its Day. So What Happens Next? (G.) • BOJ’s Kuroda Says Won’t Rule Out Deepening Negative Rate Cut (R.) • EU Officials Ignored Years of Emissions Evidence (Spiegel) • The Sound of Blairite Silence (Paul Mason) • 53% Of Clinton Foundation Donors Would Be Barred Under Proposed Rule (ZH) • Leaked Memo Proves Soros Ruled Ukraine In 2014 (Duran) • The Aleppo Poster Child

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Aug 202016
 
 August 20, 2016  Posted by at 9:13 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle August 20 2016

William Henry Jackson New Orleans, “Canal Street from the Clay monument” 1890 • A Black Swan The Size Of World War I (IBT) • Canadian Debt Slaves Pile it on (WS) • Things Keep Getting Worse For EU Banks (CNBC) • Brexit Armageddon Was A Terrifying Vision – But It Simply Hasn’t Happened (G.) • Over 500,000 UK First-Time Buyers Let Down By ‘Help To Buy’ Scheme (Sun) • A Dairy Firm at the End of the Earth Is Trying

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Aug 192016
 
 August 19, 2016  Posted by at 2:25 pm Finance Tagged with: , , , , , , , , ,  9 Responses »
Steve Keen on Hardtalk

Opening of Golden Gate Bridge May 27 1937 This is an absolute must see, and a joy to watch. Longtime friend of the Automatic Earth Steve Keen was on BBC’s Hardtalk over the weekend. I already really liked the 2.30min clip the BBC released earlier this week. Now Steve himself has posted the entire interview, while the BBC only has an audio podcast (for anyone outside the UK). You can see that Steve came prepared for some ‘hard’ questioning, and

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Aug 192016
 
 August 19, 2016  Posted by at 9:51 am Finance Tagged with: , , , , , , , , ,  2 Responses »
Debt Rattle August 19 2016

Walker Evans Waterfront in New Orleans. French market sidewalk scene 1935 • Paul Singer: Market ‘Breakdown’ To Be ‘Sudden, Intense, And Large’ (CNBC) • Vancouver Housing Market Implodes: Average Price Plunges 20% In 1 Month (ZH) • UK’s £8.8 Trillion Wealth Owes Much to Housing (BBG) • Moody’s Lowers Outlook On Australia Banks To Negative (R.) • China’s Secret Lists of Zombie Borrowers Leave Banks in the Dark (BBG) • As China Shrinks, Mongolia Has an Epic Economic Meltdown (BBG)

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Aug 182016
 
 August 18, 2016  Posted by at 8:51 am Finance Tagged with: , , , , , , , , , , ,  2 Responses »
Debt Rattle August 18 2016

NPC George W. Cochran & Co., 709 14th Street NW, Washington DC 1920 • Japanese Imports Drop -24.7%, Exports Crash -14.1% (ZH) • A Physics Lesson for Central Bankers (BBG) • The Idea Of The Fed Raising The Inflation Target Is Outrageous (Boockvar) • On The Impossibility Of Helicopter Money And Why The Casino Will Crash (DS) • US Buyback Announcements Tumble to a 2012 Low (BBG) • Oil Drillers Have Slashed Spending For 2015-2020 By $1 Trillion • Only

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Aug 172016
 
 August 17, 2016  Posted by at 9:15 am Finance Tagged with: , , , , , , , , , ,  1 Response »
Debt Rattle August 17 2016

Harris&Ewing Buying Army surplus food sold at fish market 1919 • Global Central Banks Dump US Debt At Record Pace (CNN) • The $6 Trillion US Public Pension Sinkhole (MW) • UK Dividends at Risk as Pension Holes Deepen (BBG) • Japan Official Threatens Action If Yen Rises Too Sharply (WSJ) • Bank Of Japan Buying Sends Nikkei 225 To Highest In 18 Years (ZH) • The “Housing Crisis” in San Francisco Strangles Demand (WS) • Chinese Investors Are Largest

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Aug 162016
 
 August 16, 2016  Posted by at 9:14 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle August 16 2016

Harris&Ewing Army surplus 1919 • Mining Giant BHP Slumps To Record Loss (BBC) • Chinese Traders Are Falling Out Of Love With Commodities (BBG) • China’s Fading Animal Spirits (BBG) • Germany Amassing Huge Surpluses – And Huge Risks (MW) • Bundesbank Floats Higher Retirement Age -69- in German Pension Debate (BBG) • Top UK Firms Paid Five Times More In Dividends Than Into Pensions (G.) • Pension Funds Are Driving The Biggest Bond Bubble In History (ZH) • Hedge

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Aug 152016
 
 August 15, 2016  Posted by at 8:45 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle August 15 2016

NPC R.P. Andrews fire, 628 D Street N.W, Washington, DC 1912 • Younger Generation In UK Face Overwhelming Pensions Bill (G.) • British Millennials Are ‘Collateral Damage’ as Pension Gap Grows (BBG) • A Simple Test to Dispel the Illusion Behind Stock Buybacks (NYT) • The Bank of Japan’s Unstoppable Rise to Shareholder No. 1 (BBG) • Japan’s Economy Stalls In April-June, Casts Doubts On Abe’s Policies (R.) • China Is Hoarding Cash At The Fastest Pace Since Lehman (ZH)

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Aug 142016
 
Debt Rattle August 14 2016

Harris&Ewing Goat team, Washington, DC 1917 • Silicon Valley May Get Hit By China’s ‘Virtual Reality’ Economy (CNBC) • High-Risk ‘Shadow’ Credit in China Put at $2.9 Trillion by IMF (BBG) • Insanity, Oddities and Dark Clouds in Credit-Land (AM) • The Next President Should Forgive All Student Loans (TIME) • The Big Idea about Private Debt (Steve Keen) • How to Break the Power of Money (Korten) • TTIP: The Suicide of Nations (PCR) • How Global Elites Forsake

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