The Automatic Earth

Debt Rattle September 29 2016

Sep 292016

September 29, 2016 Posted by Raúl Ilargi Meijer at 8:38 am Finance Tagged with: Brexit, bubble, China, Deutsche, Dublin, FBI, Greece, IMF, OPEC, recovery, treason No Responses »

• OPEC Agrees Modest Oil Output Curbs In First Deal Since 2008 (R.) • Congress Rejects Obama Veto, Saudi 9/11 Bill Becomes Law (R.) • Desperate Central Bankers (Stephen Roach) • Disturbing Facts About The Fed’s Phony Housing “Recovery” (Adler) • China’s Richest Man: Country’s Real Estate Is ‘Biggest Bubble In History’ (CNN) • Beige Book Sounds Warning Over Chinese Economy (WSJ) • China Property Bubble In Global Perspective (BBG) • ‘Radioactive’ Deutsche Bank Could Go Nuclear At Any Time

Debt Rattle September 28 2016

Sep 282016

September 28, 2016 Posted by Raúl Ilargi Meijer at 9:20 am Finance Tagged with: container, deflation, Deutsche, Fed, GMO, Greece, microplastic, OPEC, wages, Wells Fargo 1 Response »

• Small Army Of Fed Speakers, OPEC On Tap For Wednesday (CNBC) • “Negative Growth” of Real Wages is Normal for Much of the Workforce (WS) • Grocery Prices Are Plunging (BBG) • EU Banking Mayhem, One Bank at a Time, then All at Once (WS) • Deutsche Bank Troubles Cast Long Shadow Over European Banking (BBG) • IMF Warns Central Banks Could Lose Deflation Fight (AFP) • A Legal Barrier to Higher US Interest Rates (WSJ) • Global Container

Debt Rattle September 27 2016

Sep 272016

September 27, 2016 Posted by Raúl Ilargi Meijer at 8:32 am Finance Tagged with: boomers, debt, Deutsche, Draghi, Hillary, persuasion, pollution, refugees, taxes, Trump, veto 1 Response »

• Why I Switched My Endorsement from Clinton to Trump (Scott Adams) • When America Was Great, Taxes Were High, Unions Strong, and Government Big (A.) • Global Debt Reaches Fresh High As Companies And Countries Keep Borrowing (Tel.) • When Small Is Evil (DQ) • Structural Growth and Dope Dealers on Speed-Dial (Hussman) • Treasury Market’s Biggest Buyers Are Selling as Never Before (BBG) • Deutsche Bank Crisis Could Take Angela Merkel Down – And The Euro (Tel.) •

Why There is Trump

Sep 262016

September 26, 2016 Posted by Raúl Ilargi Meijer at 9:33 pm Finance Tagged with: Barbarians, Brexit, election, failure, Growth, Hillary, paradigm, Rome, Trump 10 Responses »

It’s over! The entire model our societies have been based on for at least as long as we ourselves have lived, is over! That’s why there’s Trump. There is no growth. There hasn’t been any real growth for years. All there is left are empty hollow sunshiny S&P stock market numbers propped up with ultra cheap debt and buybacks, and employment figures that hide untold millions hiding from the labor force. And most of all there’s debt, public as

Debt Rattle September 26 2016

Sep 262016

September 26, 2016 Posted by Raúl Ilargi Meijer at 8:50 am Finance Tagged with: army, currency, Deutsche, economists, elephant, guns, Hillary, home prices, OPEC, Trump 2 Responses »

• Asian Markets Drop As Pessimism Increases Ahead Of OPEC Meeting (MW) • Deutsche Bank Slumps to Fresh Record Low on Capital Concerns (BBG) • China’s Smaller Banks Are Funding Each Other’s Lending (BBG) • China Launches $52.5 Billion Restructuring Fund For State-Owned Firms (R.) • A Weaker Currency Is No Longer the Economic Elixir It Once Was (BBG) • US Home Prices Rose 76% Since 1999 As Real Income Grew Less Than 2% (BBG) • Justin Trudeau’s Canadian Honeymoon

Debt Rattle September 25 2016

Sep 252016

September 25, 2016 Posted by Raúl Ilargi Meijer at 8:50 am Finance Tagged with: crash, Deutsche, dividend, naked shorts, private debt, refugees, Vancouver, Wells Fargo No Responses »

• The Market Is In Line With History. The History Of Crashes (Stockman) • How to Suffocate Your Economy: Drown it in Massive Private Debt (Vague) • Vancouver Property Sales To Foreigners Crash 96% (ZH) • Merkel Rules out State Assistance for Deutsche Bank (BBG) • EU Must Turn Off the Dividend Spigot at Under-Capitalized Banks (PS) • China Continues to Battle Massive Capital Flight Problem (Brink) • Naked Shorts Can’t Stay Naked Forever (Dayen) • Whistleblower Describes Years Of

Debt Rattle September 24 2016

Sep 242016

September 24, 2016 Posted by Raúl Ilargi Meijer at 8:28 am Finance Tagged with: 9/11, austerity, CETA, ECB, NATO, OPEC, QE, Saudi, velocity No Responses »

• Austerity Only Benefits Germany But Destroys Europe, Renzi Says (BBG) • €18 In ECB QE Generated Just €1 In GDP Growth (ZH) • IMF Calls For More Greek Pension Cuts, Greater Debt Relief (Kath.) • Plunging Velocity of Money Closes Fed Window (Roberts) • Russia’s Central Bank Criticizes The Easy Money Policies Of Its Peers (CNBC) • BIS, OECD Warn On Canadian Housing Bubble Debt, See No Exit (WS) • Oil Slumps 4% As No Output Deal Expected

Debt Rattle September 23 2016

Sep 232016

September 23, 2016 Posted by Raúl Ilargi Meijer at 8:05 am Finance Tagged with: Aboriginals, alchemists, arsonists, bad debt, central bankers, default, EM, homeless, Libor, world trade 3 Responses »

• World Trade Grinds Lower, Hits 2014 Levels (WS) • ‘When I Think Of Central Banks, I Think Of Alchemists’: Marc Faber (CNBC) • Central Bankers Are The Arsonists That Create The Fire: Bill Fleckenstein (ZH) • Bad Debts In Chinese Banking System 10 Times Higher Than Admitted: Fitch (AEP) • The Coming Wave of Defaults Will Be Devastating (CH Smith) • Time to ‘Be Alarmed’ about Emerging Market Debt: UN (DQ) • The Ted Spread Is Dead, Baby. The

Debt Rattle September 22 2016

Sep 222016

September 22, 2016 Posted by Raúl Ilargi Meijer at 8:24 am Finance Tagged with: backlash, debt, Fed, paycheck, poverty, rate hike, Saudi, social fabric, war, Wells Fargo No Responses »

• The Global Economic Outlook: Dark Clouds Ahead (Guardian Ed.) • UN Fears Third Leg Of Global Financial Crisis – With Epic Debt Defaults (AEP) • Major Trend Forecast For The Rest Of 2016 (Celente) • Report Highlights Rising US Poverty (D&C) • In Places With Fraying Social Fabric, a Political Backlash Rises (WSJ) • Greek Bakers Unite To Give Away Bread To Those Too Poor To Afford It (KTG) • Young Britons Live In ‘Suspended Adulthood’ (G.) • It’s

Debt Rattle September 21 2016

Sep 212016

September 21, 2016 Posted by Raúl Ilargi Meijer at 9:16 am Finance Tagged with: BoJ, deflation, Deutsche, Exxon, monarch, oil, recession, refugees, rigs, Wells Fargo No Responses »

• Unlike in 1986, This Time US Might Not Dodge a Recession: Deutsche Bank (BBG) • Get Ready For The Mother Of All Stock Market Corrections (Tel.) • Japan Exports Fall 11th Straight Month, 9.6% YoY, Imports Plunge 17.3% (R.) • Bank of Japan Overhauls Policy Framework, Sets Yield Curve Target (R.) • Bank of Japan Introduces Rate Target for 10-Year Government Bonds (WSJ) • Could Germany Allow Deutsche Bank To Go Under? (Golem XIV) • Keynesian Deflation Humbug (Mish)