April 2017 - Page 3 of 4 - The Automatic Earth

America, the Waning Days

Apr 122017

April 12, 2017 Posted by Raúl Ilargi Meijer at 8:25 pm Finance Tagged with: Assad, black swan, empire, France, Putin, Trump, Turkey, war 8 Responses »

Frederick Carl Frieseke Girl In Blue Arranging Flowers 1915 Potential earthquakes and black swans are right ahead of us. What else is new? On April 16, Turkey has a referendum to decide whether Erdogan will become de facto supreme ruler. What happens if he loses the referendum is completely unclear, undiscussed even, but it’s obvious a loss would have the country shake on its already shaky foundations. The Turkish economy is in horrible shape and Erdogan’s post-coup firings (hundreds

Debt Rattle April 12 2017

Apr 122017

April 12, 2017 Posted by Raúl Ilargi Meijer at 9:09 am Finance Tagged with: education, Fed, Growth, Ponzi, refugees, slowdown, Syria, taxhaven, Tesla, Trump, Turkey, war 2 Responses »

Elliott Erwitt Trocadero, Paris 1950 • The Tesla Ponzi Is Not ‘Inexplicable’ At All (WS) • Millennials Are Abandoning Postwar Engines of Growth: Suburbs and Autos (CHS) • Slowdown in US Borrowing Defies Easy Explanation (WSJ) • US Companies Now Have $1.6 Trillion Stashed In Tax Havens (Ind.) • Trump Declines To Endorse Bannon, Says US ‘Not Going Into Syria’ (MW) • Beware The Dogs Of War: Is The American Empire On The Verge Of Collapse? (JW) • A

Debt Rattle April 11 2017

Apr 112017

April 11, 2017 Posted by Raúl Ilargi Meijer at 9:11 am Finance Tagged with: austerity, Canada, carnage, derivatives, Deutsche, Erdogan, Greece, opioids, recession, retail 6 Responses »

Carole Lombard 1934 • 54% Of Canadians Think Home Prices Will Never Fall (BNN) • Wild Housing Speculation Drives Entire Canadian Economy (WS) • Third of US Car Owners Can’t Afford Surprise Repairs (UT) • The Retail Apocalypse’s Terrifying Impact On One Corner Of Wall Street (BI) • China Is Playing a $9 Trillion Game of Chicken With Savers (BBG) • Currency-Issuing Governments Never Have To Worry About Bond Markets (Bilbo) • Recessions Are Never Desirable Events And Are

Debt Rattle April 10 2017

Apr 102017

April 10, 2017 Posted by Raúl Ilargi Meijer at 8:21 am Finance Tagged with: BoE, cash, credit, Great Barrier, John Clarke, Libor, plastic, Sydney, Syria, Toronto, Trump 9 Responses »

Todd Webb Rue des Plantes, Paris 1950 • Americans Are Becoming Obsessed With Putting Everything On Credit (MW) • Cash Is Dead. Long Live Cash. (WSJ) • A Change In The Change Of Change (Peters) • Great Debt Unwind: Bankruptcies Surge (WS) • Trump’s Rollback of Bank Regulations Risks a Bondholder Backlash (Street) • Syria Strike Designed To Intimidate North Korea: China State Newspaper (G.) • Is Globalisation Dead? (Pettifor) • Housing Costs Are Pushing People Further Out of

Debt Rattle April 9 2017

Apr 092017

April 9, 2017 Posted by Raúl Ilargi Meijer at 8:32 am Finance Tagged with: austerity, Banks, bubble, CIA, credit, Greece, intelligence, Rorschach, Syria, Wag the Dog 7 Responses »

Paul Gauguin Avenue de Clichy 1889 • Central Banks “Took Over” Markets In 2009; In December “Unwind” Begins (ZH) • ‘No Bubble, No Pop’: Why Banks Are As Safe As Houses (WAus) • Greek Gloom As Economy Stalls Amid Latest Bout Of EU Wrangling (G.) • The Picture Of Our Economy Looks A Lot Like A Rorschach Test (NYT) • Steve Keen And Michael Hudson: Fixing The Economy (EI) • Trump’s ‘Wag the Dog’ Moment (Robert Parry) • Former

Debt Rattle April 8 2017

Apr 082017

April 8, 2017 Posted by Raúl Ilargi Meijer at 8:13 am Finance Tagged with: apparel, bubble, credit card, debt, Greece, jobs, red lines, refugees, retail, Syria, Toronto 1 Response »

Dorothea Lange Wife of sharecropper in town to sell crop at tobacco auction, Douglas Georgia 1938 • US Credit Card Debt Tops $1 Trillion For The First Time In A Decade (ZH) • Store Wars: US Retail Sector Is Shedding Jobs Like It’s A Recession (MW) • Apparel Retailers Lead The Charge Out Of Brick-And-Mortar (Forbes) • Wall Street Is Making It Harder to Buy a Car (BBG) • US Jobs Growth Slumps To 98,000 In March (MW) •

Debt Rattle April 7 2017

Apr 072017

April 7, 2017 Posted by Raúl Ilargi Meijer at 9:24 am Finance Tagged with: austerity, debt, famine, Fed, Glass-Steagall, guns, hunger, M5S, merchants, pensions, stock bubble, Syria 2 Responses »

Fred Stein Times Square at Night 1947 • Eyewitness Says Syrian Military Anticipated US Raid (ABC) • The Biggest Stock Bubble In US History (IRD) • The Unavoidable Pension Crisis (Roberts) • Americans Are Taking Out The Largest Mortgages On Record (MW) • Global Debt Explodes At ‘Eye-Watering’ Pace To Hit £170 Trillion (Tel.) • Wall Street Doubts Trump Wants to Split Up Biggest US Banks (BBG) • Fed’s Asset Shift To Pose New Test Of Economy’s Recovery, Resilience

Symbols of Strength

Apr 072017

April 7, 2017 Posted by Raúl Ilargi Meijer at 8:35 am Finance Tagged with: attack, business, North Korea, Putin, symbol, Syria, Tomahawk, Trump, Xi Jinping 7 Responses »

I don’t know anything more than anyone else does, outside of the decision makers’ circle, about the reasoning behind the Tomahawk missile attack on a Syrian airport. Have the US neocon warmongers won over Trump and the White House, as I see suggested? Have the Goldmanites? Is that the same group of people? If Trump has conceded to the warmongers, will Putin be next in line? Should Russia have pushed through when it had the upper hand in Syria,

Debt Rattle April 6 2017

Apr 062017

April 6, 2017 Posted by Raúl Ilargi Meijer at 8:38 am Finance Tagged with: BLICS, bubble, cash, crisis, false flag, Fed, Glass-Steagall, paycheck, PIGS, unmask 4 Responses »

DPC Oyster luggers along Mississippi, New Orleans 1906 • Euro Saves Germany, Slaughters the PIGS, & Feeds the BLICS (Hamilton) • Greece Wants Eurozone Summit If Deal On Bailout Doesn’t Happen Soon (AP) • Half Of American Working Families Are Living Paycheck To Paycheck (MW) • Trump Top Economic Adviser Cohn Backs Split Of Lending, Investment Banks (BBG) • IMF Explains How To Subvert Resistance Against Elimination Of Cash (Häring) • Precursors to the ’08 Crisis are Repeating Now

Any of this Sound Familiar?

Apr 052017

April 5, 2017 Posted by Raúl Ilargi Meijer at 7:23 pm Finance Tagged with: Assad, Democrats, glass ceiling, left, MSM, Putin, Syria, Trump, weapons 10 Responses »

Ramón Casas Decadence 1899 Reading up on the Syria ‘chemical attack’ issue (is that the right term to use?). The headlines are entirely predictable, and by now that probably won’t surprise anyone, no matter where they are or what views they adhere to. We know there’s been an attack and that some kind of chemical was used. The media talk about sarin. They also, almost unanimously, blame the Syrian government of Bashar al-Assad for it. But that’s the same

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