Jul 312020
 July 31, 2020  Posted by at 10:08 am Finance Tagged with: , , , , , , , , , , ,  19 Responses »
Debt Rattle July 31 2020

Elliot Erwitt California 1955   • Young Children Carry Much Higher Viral Load Than Other Age Groups (SD) • Tokyo Could Declare Emergency If Situation Worsens (R.) • China Reports 127 New Coronavirus Cases, Highest Since March 5 (R.) • Netherlands Refuses To Mandate Mask Wearing In Public (ZH) • Australia To Make Facebook, Google Pay For News In World First (R.) • The Grifters, Chapter 1 – Kodak (Ben Hunt) • Trader Joe’s Won’t Change Packaging On International Food

Jul 302020
Debt Rattle July 30 2020

Elliot Erwitt New York 1955   • Russian COVID-19 Vaccine Approval Imminent (R.) • 3/4 of Recovered Coronavirus Patients Have Heart Damage Months Later (People) • Brazil Hits Record Daily Coronavirus Cases, Fatalities (R.) • Fauci Recommends Eye Protection To Prevent Contracting Coronavirus (Axios) • Political Talks Stall In US On Next Round Of Coronavirus Spending (AlJ) • A $10 Trillion Corporate Debt Bomb Is Waiting to Explode the US Economy (NW) • China Needs ‘Explosive’ Buying To Meet US

Jul 292020
Debt Rattle July 29 2020

Fresco from the Minoan Palace in Knossos, Crete, Greece. 16th century B C.   • Coronavirus To Spread In One Big Wave and Won’t Go Away – WHO (RT) • WHO Says Keeping Borders Shut To Thwart COVID-19 Not “Sustainable” (CBS) • Six US States See Record COVID19 Deaths, Latinos Hit Hard In California (R.) • Hong Kong Warns City On Verge Of Large Coronavirus Outbreak (R.) • China’s Surging Crude Imports Mask Weakness In The Rest Of Asia (R.)

Jul 282020
 July 28, 2020  Posted by at 10:17 am Finance Tagged with: , , , , , , , , ,  9 Responses »
Debt Rattle July 28 2020

Dorothea Lange Migrant cotton picker’s children, live in government tent, Shafter Camp, CA 1938   • Barr To Come Out Swinging In House Testimony (Solomon) • How Did Russia Get A Possible COVID19 Vaccine So Fast? (RT) • China Reports 68 New Coronavirus Cases, Including Two In Beijing (R.) • Mike Rowe Explains That Reality Is Going To Win With The Wuhan Virus (AT) • How The Eviction Crisis Across The US Will Look (CNBC) • The Insane Leading the

Jul 272020
Debt Rattle July 27 2020

Opening of Golden Gate Bridge May 27 1937   • $1,200 Stimulus Check, Eviction Moratorium, and Reduced Unemployment Aid (ZH) • Gold Soars To All-Time High As Dollar Dive Boosts Safety Rush (R.) • Lockdown Has Made The Nation Happier – Study (Ind.) • Vietnam Orders Evacuation Of 80,000 People After Three Test Positive (Ind.) • Spain’s COVID19 Death Toll Could Be 60% Higher Than Reported – El Pais (RT) • The $52 Trillion Bubble That Has “Hijacked China’s Economy”

Jul 262020
What? Default? Where? Dollar?

Elaine de Kooning Fairfield Porter #1 1954     It won’t come as a surprise to anyone that the first half of 2020 has brought, among many other things, renewed calls for the demise of the US dollar. It’s been pretty much a non-stop call for over a decade now, and longer. But this time, like all previous ones, I’m thinking: I don’t see it. I guess my first question is always: please explain why the dollar would collapse before

Jul 262020
 July 26, 2020  Posted by at 9:35 am Finance Tagged with: , , , , , , , ,  9 Responses »
Debt Rattle July 26 2020

Dorothea Lange Youngest little girl of motherless family, Toppenish, Yakima Valley WA 1939   • The Key To Defeating COVID19 Already Exists. We Need To Start Using It (NW) • Over 40% Of US Adults Are Susceptible To Severe COVID-19 (ZH) • UK Quarantines Travellers From Spain In Sudden Blow To Europe’s Revival (R.) • Australia Reports Jump In Daily New Cases, Record Deaths (R.) • US Renters Brace For Evictions As Moratorium Ends (Pol.) • Mass Evictions Set To

Jul 252020
Debt Rattle July 25 2020

Dorothea Lange for the Resettlement Admin. On highway No. 1 of the ‘OK’ state, Muskogee County, Oklahoma. Seven children and eldest son’s family 1938   • CDC: 35% of Non-Hospitalized COVID19 Patients Have Long-Term Illness (NBC) • Fauci: I Would Not Get On A Plane Or Eat Inside A Restaurant (MW) • Hunger, Lack of Vaccine Could Trigger New Migration Wave – Red Cross Chief (RT) • Supreme Court Rejects Church Challenge To Nevada COVID Restrictions (Solomon) • Judge Refuses

Jul 242020
Debt Rattle July 24 2020

Vincent van Gogh Branches Of An Almond Tree In Blossom in Red 1890   • Coronavirus Traveled Nearly 30 Feet At German Slaughterhouse (ZH) • US Clears Way For Drugmakers To Share COVID Antibody Capacity (R.) • Over 30 Million Americans About to Lose $600 in Unemployment Benefits (Mish) • More Than 1,000 People At Twitter Had Ability To Aid Hack Of Accounts (R.) • How the Child Care Crisis Will Distort the Economy for a Generation (Pol.) • Georgia’s

Jul 232020
Are You Ready to Surrender?

Constantin Brancusi Portrait of George 1911     Last week, Tyler at Zero Hedge ran an article from a site called Adventures in Capitalism, in which the writer (Kuppy?!) lets his light shine on the CIVD19 situation. He concludes that we’re all going to get it, it’s no use resisting, there will never be a vaccine and herd immunity is all we have left to hope for. And I was thinking: what if he’s -largely- right? What if the utter