December 2016 - The Automatic Earth

Debt Rattle New Year’s Eve 2016

Dec 312016

December 31, 2016 Posted by Raúl Ilargi Meijer at 9:26 am Finance Tagged with: CNN, fake news, IMF, Obama, pardon, Putin, Trump, WaPo, yuan

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FacebookGoogle+TwitterLinkedinemail Claude Monet Bain à la Grenouillère 1869 • WaPo Publishes False News Story About Russians Hacking Electrical Grid (DC) • CNN Lied About Russian Retaliation Against American Children (Sputnik) • Trump Slams CNN, NBC on Russia Coverage: ‘Don’t Have a Clue’ (NewsMax) • 96 Russians Forced To Leave US Over Diplomat Expulsion (RT) • Obama’s Stingy Pardons (BBG Ed.) • ECB’s Monte Paschi Capital Bar Would Trip Up 10 Other EU Banks (BBG) • China Retools in Push to

Debt Rattle December 30 2016

Dec 302016

December 30, 2016 Posted by Raúl Ilargi Meijer at 10:30 am Finance Tagged with: ceasefire, China, dollar, grizzly, mass graves, Obama, proof, Putin, Trump, yuan

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FacebookGoogle+TwitterLinkedinemail DPC Memphis, Mississippi River landing, Belle of the Bends and Belle of Calhoun 1906 • Putin’s Cease-Fire in Syria Boxes Out Obama (USN) • Russia: “No Enemy Of The United States Could Have Done Worse” (RT) • Obama’s Sanctions Target Trump, Not Putin (Duran) • “Grizzly Steppe” – FBI, DHS Release “Report” On Russian Hacking (ZH) • Russia’s ‘Grizzly Steppe’ Cyberattacks Started Simply, US Says (BBG) • Trump Says He’ll Weigh Intelligence Findings on Russian Hack (BBG) • The

Debt Rattle December 29 2016

Dec 292016

December 29, 2016 Posted by Raúl Ilargi Meijer at 10:36 am Finance Tagged with: China, flipping, Greece, hackers, Hillary, Israel, Putin, sanctions, Starwars, Trump

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FacebookGoogle+TwitterLinkedinemail Esther Bubley Negro alley dwellings near the Capitol, Washington DC 1943 • Trump On Russia Sanctions: ‘We Ought To Get On With Our Lives’ (R.) • Moscow Says It’s “Tired Of The Lie About The ‘Russian Hackers’” (Ptv) • Talking about Starwars: What is Henry Kissinger Up To? (PCR) • US Escalates Tensions With Israel (WSJ) • Hillary Clinton Could Face New Email Probe After Explosive Ruling • House Flipping Makes a Comeback as Home Prices Rise (WSJ)

China Hits a Fork in the Road

Dec 282016

December 28, 2016 Posted by Raúl Ilargi Meijer at 9:03 pm Finance Tagged with: capital controls, China, debt, devaluation, foreign reserves, tariff, Trump, Xi, yuan

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FacebookGoogle+TwitterLinkedinemail Claude Monet Woman with a Parasol – Madame Monet and Her Son Dec 31 1874 The end of the year is always a time when there are currency and liquidity issues in China. This has to do with things like taxes being paid, and bonuses for workers etc. So it’s not a great surprise that the same happens in 2016 too. Then again, the overnight repo rate of 33% on Tuesday was not exactly normal. That indicates something

Debt Rattle December 28 2016

Dec 282016

December 28, 2016 Posted by Raúl Ilargi Meijer at 10:23 am Finance Tagged with: ceasefire, chemo, Greece, inequality, ISIS, Obama, Putin, repo, superbugs, Syria, Trump Comments Off

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FacebookGoogle+TwitterLinkedinemail Albert Kahn Paris, Autochrome Lumière color photo 1914 • Turkey and Russia Agree on Syria Ceasefire, Into Effect by Midnight (R.) • Erdogan Says He Has Evidence US-Led Coalition Has Given Support To ISIS (Ind.) • Turkey Says Saudis, Qatar Should Attend Syria Peace Talks (AP) • ‘US Raised Middle East Terrorists & Wants Them To Stay’ – Iran Def Min (RT) • Toshiba Shares Fall 20%, Hit Limit, As US Nuclear Writedown Sinks In (AFP) • China To

2017: Where The Truth Lies

Dec 272016

December 27, 2016 Posted by Raúl Ilargi Meijer at 10:01 pm Finance Tagged with: 2017, change, Congress, decay, EU, Growth, IMF, Obama, Powell, Trump, UN, WMD

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FacebookGoogle+TwitterLinkedinemail Joan Miró Caballo, Pipa y Flor Roja (Horse Pipe and Red Flower) 1920 I was surprised to see how surprised I was, like I’m sure millions of people were, to see the term ‘fake news’ pop up in what are still called ‘respectable’ (which is by now really just another word for ‘old’) news outlets. Because a huge part of what they have been feeding their readers and viewers for years is that very thing: fake news. Who

Debt Rattle December 27 2016

Dec 272016

December 27, 2016 Posted by Raúl Ilargi Meijer at 9:47 am Finance Tagged with: bank run, Brexit, cheetah, crash, EU, Greece, Israel, Obama, recession, Trump, yuan

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FacebookGoogle+TwitterLinkedinemail Konstantinos Polychronopoulos, Athens Christmas Day 2016 • Recession, Market Crash Next Year, Expect Rate Cuts: Rickards (CNBC) • Did Donald Trump Just Jump The ‘Dow 20,000’ Shark? (ZH) • Yuan Trading Volume Has Been Surging In December (BBG) • ECB: Monte dei Paschi Must Now Raise €8.8 Billion After Recent Withdrawals (R.) • War & The Rejection of Peace (Rossini) • Israel Claims ‘Evidence’ That Obama Orchestrated UN Resolution (G.) • Corbyn Hits Back After Obama Suggests Labour Is

Debt Rattle December 26 2016

Dec 262016

December 26, 2016 Posted by Raúl Ilargi Meijer at 10:09 am Finance Tagged with: Alibaba, busy, Fraud, Obama, oil, productivity, Putin, rally, refugees, spying, stuff, Trump

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FacebookGoogle+TwitterLinkedinemail Paul Gauguin Christmas Night (The Blessing of the Oxen) , 1902-1903 • One Industry Will Keep Holding North America Together (CNBC) • China Bank Calls Documents ‘Fake’ After Bond Default Linked To Alibaba (R.) • The Trump Rally Is Young (CNBC) • What Is Productivity And Why Is The UK’s So Poor? (G.) • What’s Behind Obama’s Attacks On Putin (Carley) • British Councils Admit Massive Use Of Spying Powers On Public (G.) • Humankind Has Created 30 Trillion

Debt Rattle Christmas Day 2016

Dec 252016

December 25, 2016 Posted by Raúl Ilargi Meijer at 9:19 am Finance Tagged with: Baldwin, chef, Jesus, nail polish, paywall, radical, refugees, science, Trump

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FacebookGoogle+TwitterLinkedinemail William-Adolphe Bouguereau La naissance de Vénus 1879 • Alec Baldwin Offers To Play Inauguration: ‘I Wanna Sing Highway To Hell’ (G.) • Terminally Ill Dutch Boy Raises £2 Million With Nail-Painting Challenge (G.) • Syrian Chef Serves Up Slice Of Home In Greek Camp (AFP) • An Illegal Hub For Paywalled Science Papers (Nature) • The Radical Jesus (Whitehead) I was going to do a good news only Debt Rattle, but I’m afraid I’ve come up a

Debt Rattle Christmas Eve 2016

Dec 242016

December 24, 2016 Posted by Raúl Ilargi Meijer at 9:23 am Finance Tagged with: craptacular, garbage, insects, Putin, refugees, Scrooge, supervolcano, Tillerson, Trump, UBI, Xi Comments Off

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FacebookGoogle+TwitterLinkedinemail Alfred Palmer Annette del Sur in salvage campaign, Douglas Aircraft Co., Long Beach, CA 1942 • The Connection Between Work and Dignity (B.) • 2016 Year In Review: A Clockwork Orange (Dave Collum) • A Week On Jury Duty With Rex Tillerson (Roden) • Putin Shrugs Off Trump’s Nuclear Plans, Says Democrats Sore Losers (R.) • President Xi Open to Growth in China Falling Below 6.5% (BBG) • Barclays Refuses To Settle With US DoJ Over ‘Craptacular Loans’ (G.)