Aug 162018
 August 16, 2018  Posted by at 8:51 am Finance Tagged with: , , , , , , , , , , , , ,  16 Responses »
Debt Rattle August 16 2018

Vasily Polenov Moscow courtyard 1878   • Turkish Lira Rallies As Qatar Makes $15bn Loan Pledge (G.) • Turkey Slashes Capacity Of Banks To Bet Against Struggling Lira (CNBC) • Turkey Joins Russia In Liquidating US Treasuries (ZH) • Turkey Wants Its Share Of Syria’s Reconstruction (AlM) • Italy, Not Turkey, Is The Biggest Threat To European Banks (CNBC) • RBS Bankers Joked About Destroying The US Housing Market (G.) • Elizabeth Warren Unveils Bold New Plan To Reshape American

Aug 152018
 August 15, 2018  Posted by at 11:53 am Finance Tagged with: , , , , , , , , , , , , ,  1 Response »
A Virgin, A Pastor and Two Soldiers

Salvador Dali The Madonna of Port Lligat 1950   On August 15, Greeks celebrate the “Dormition (or the Assumption) of the Virgin Mary (in Greek: Koimisis tis Theotokou). The holiday commemorates the “falling asleep” or death of the Theotokos (Mary, translated as “God-bearer”). August 15, one of the most important holidays in the Orthodox calendar, is celebrated across the country, and is a date when many Greeks leave the towns and cities where they live and work to return to

Aug 152018
 August 15, 2018  Posted by at 9:11 am Finance Tagged with: , , , , , , , , , , , ,  10 Responses »
Debt Rattle August 15 2018

Paul Signac Maison de Van Gogh Arles 1933   • Two Greek Soldiers Released From Turkish Jail Return Home (K.) • Turkey Shows Damage Of Fading World Order (R.) • Turkey Hikes Tariffs On Imports Of Selected US Products (AFP) • US Household Debt Rises To $13.3 Trillion In Second Quarter (R.) • Has Bezos Become More Powerful In DC Than Trump? (VF) • Trump Criticizes Some Russia Provisions Of Defense Bill (USAT) • Tonga PM Calls On China To

Aug 142018
Debt Rattle August 14 2018

Vincent van Gogh Vincent’s House in Arles (The Yellow House) 1888   • Turkey Will Be The Largest EM Default Of All Time (Russell Napier) • ‘What Happens In Turkey Won’t Stay In Turkey’ (CNBC) • Italy Expects Financial Market Attack In August (R.) • The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued (WS) • Indian Rupee Drops To All-Time Low Against Dollar Over Turkish Crisis (Ind.) • Close Up and Long Shot (Kunstler) • Musk: “I Am

Aug 132018
 August 13, 2018  Posted by at 8:43 am Finance Tagged with: , , , , , , , , , , , ,  9 Responses »
Debt Rattle August 13 2018

Vincent van Gogh The yellow house (The Street), Arles 1888   • Turkey Central Bank To Take ‘All Necessary Measures’ For Stability (AFP) • Turkey Pledges Action To Calm Markets (BBC) • Euro Drops To One-Year Low On Lira Crisis Contagion Fears (G.) • Beware the Dog Days of August (Pettifor) • Trump Gives Mueller Three Weeks For Sitdown (ZH) • Trump ‘Will Deny Under Oath’ Asking Comey For Flynn Leniency (AT) • Why Trump Cancelled the Iran Deal (Zuesse)

Aug 122018
 August 12, 2018  Posted by at 1:21 pm Finance Tagged with: , , , , , , , , , , , , ,  4 Responses »
Talk Cold Turkey

Henri Matisse View of Nôtre Dame 1914   Recep Tayyip Erdogan became Prime Minister of Turkey in 2003. His AKP party had won a major election victory in 2002, but Erdogan was banned from political office until his predecessor Gül annulled the ban. Which he had gotten in 1997 for reciting an old poem to which he had added the lines “The mosques are our barracks, the domes our helmets, the minarets our bayonets and the faithful our soldiers….” The

Aug 122018
Debt Rattle August 12 2018

Salvador Dali Elephants 1948   • Rand Paul Against the World (AC) • Saudi Arabia’s PIF and SoftBank Not Interested in Tesla Buyout (WS) • China Scrambles to Cool Overheated Real Estate Market (ET) • Beijing Struggles To Defuse Anger Over China’s P2P Lending Crisis (R.) • DNC Serves WikiLeaks With Lawsuit Via Twitter (CBS) • More Than 100 Constituencies That Backed Brexit Now Want To Stay In EU (G.) • Russia Defense Minister Warns Germany Against ‘Strength & Unity’

Aug 112018
 August 11, 2018  Posted by at 8:50 am Finance Tagged with: , , , , , , , , , , ,  3 Responses »
Debt Rattle August 11 2018

Vincent van Gogh Ward in the hospital in Arles 1889   • Why Has The Turkish Lira Slumped To A Record Low? (Ind.) • Why Turkey Is Doomed In Two Charts (ZH) • Turkish Lawyers Want To Arrest US Troops at Incirlik Air Base (Ditz) • US Jury Orders Monsanto To Pay $290mn To Cancer Patient Over Weed Killer (AFP) • Lawsuits Accuse Tesla’s Musk Of Fraud Over Tweets, Going-Private Proposal (R.) • Chinese Media Keep Up Drumbeat Of Criticism

Aug 102018
 August 10, 2018  Posted by at 8:05 am Finance Tagged with: , , , , , , , , , , ,  15 Responses »
Debt Rattle August 10 2018

John French Sloan Sunset, West Twenty-Third Street 1905-6   • The Myth Of Market Cap (Berversdorf) • The Looming Threat of a Yuan Depreciation (Magnus) • Russia Blasts New US Sanctions As ‘Theatre Of The Absurd’ (G.) • US Curbs On Russian Banks Would Be Act Of Economic War – Medvedev (R.) • US Must Turn to Russia to Contain China (Rickards) • Pakistan Is On The Brink Of Economic Disaster (CNBC) • Tesla Board Plans To Tell Elon Musk

Aug 092018
The Forrest Gump of All Future Democrat Losses

René Magritte The evening gown 1954   Julian Assange has received an letter from the US Senate asking him to testify in front of them. What to make of that is not entirely clear. Far as I know, Assange offered such testimony multiple times, under the ‘right standards’. The Senate ostensibly wants this to take place behind closed doors, and it’s hard to see how that would fit Assange’s standards. But who knows? What struck me was that the letter