Feb 242017
 
 February 24, 2017  Posted by at 10:41 am Finance Tagged with: , , , , , , , , ,  No Responses »
Debt Rattle February 24 2017

Marion Post Wolcott Works Progress Administration worker’s children, South Charleston, West Virginia 1938   • France Scrapping The Euro Could Go Beyond A ‘Lehman Moment’ (CNBC) • Le Pen Says French Foreign Policy Must Be Decided in Paris (BBG) • Obamacare Just Hit Its Highest Popularity Ever (BI) • Former IMF Chief, Dozens of Former Bank Execs Sentenced to Jail in Spain (DQ) • Analyzing the Emerging World Order: The Future of Globalism (GR) • Increasingly Unhinged Russia Rhetoric From

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Feb 232017
 
 February 23, 2017  Posted by at 2:47 pm Finance Tagged with: , , , , , , , , ,  11 Responses »
When Was America's Peak Wealth?

Times Square New York City, 1958   A few days ago, I wrote an essay entitled “Not Nearly Enough Growth To Keep Growing”, in which I posited, among many other things, that “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s” along with the question “..was America at its richest right before or right after Nixon took the country off the gold standard in 1971?” That

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Feb 232017
 
 February 23, 2017  Posted by at 9:53 am Finance Tagged with: , , , , , , , , , ,  5 Responses »
Debt Rattle February 23 2017

Jack Delano Colored drivers entrance, U.S. 1, NY Avenue, Washington, DC 1940   • The Absolute Dominance Of The US Economy, In One Chart (MW) • Trump Scorns the IMF’s Globalism, and Now He Gets to Vote on It • The Problem with Gold-Backed Currencies (CHS) • What’s So Great About Europe? (BBG) • Italy Warned by EU Over High Public Debt With Spillover Risk (BBG) • ‘Spain Is Ruined For 50 Years’ (Exp.) • Why Greece’s Crisis Has Broken

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Feb 222017
 
 February 22, 2017  Posted by at 9:45 am Finance Tagged with: , , , , , , , ,  4 Responses »
Debt Rattle February 22 2017

DPC Launch of battleship Georgia, Bath, Maine, Oct 1904   • Finance as Warfare: IMF Lent to Greece Knowing It Could Never Pay Back (CP) • Will EU and IMF Finally Offer Light At The End Of The Greek Debt Tunnel? (G.) • France Exiting The Euro Would Be Largest Sovereign Default In History (CNBC) • EU Tax Chief Admits Le Pen Win Would Be The End Of The European Project (CNBC) • Marine Le Pen’s Party’s Headquarters Raided Over

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Feb 212017
 
 February 21, 2017  Posted by at 9:53 am Finance Tagged with: , , , , , , , , ,  No Responses »
Debt Rattle February 21 2017

DPC Masonic Temple, New Orleans 1910   • Greece: The Economic Consequences of Depression Economics (Prime) • After Seven Years Of Bailouts, Greeks Sink Yet Deeper In Poverty (R.) • Greece’s Creditors Dash Hopes For Quick Deal (Tel.) • Greek Government In Damage Control Mode After Giving In To Troika, Again (K.) • Mr Draghi, What Are You Afraid Of? Release #TheGreekFiles! (DiEM25) • Fumbling Towards Collapse (Jim Kunstler) • Why Trumponomics Will Fail Spectacularly (Robert Reich) • Saudi Arabia

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Feb 202017
 
 February 20, 2017  Posted by at 10:13 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle February 20 2017

Henri Cartier Bresson Moscow Metro 1954   • Seven Years of Demanding The Impossible in Greece (MP) • Cost Of Greece, Troika Impasse Over Numbers Is Adding Up (K.) • Pre-Departure Migrant Camps Planned For Greek Islands (K.) • Democrats Suggest Invoking The 25th Amendment Unless Trump “Gets A Grip” (ZH) • Greenspan Blames Productivity Decline For Political, Economic Crises (BI) • S&P 500 Earnings Stuck at 2011 Levels, Stocks up 87% Since (WS) • The Nasty Little Secret About

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Feb 192017
 
 February 19, 2017  Posted by at 10:23 am Finance Tagged with: , , , , , , , , ,  4 Responses »
Debt Rattle February 19 2017

John Vachon Beer signs on truck, Little Falls, Minnesota 1940   • Fed: From Lender Of Last Resort To Destroyer Of American Wealth (DDMB) • “There’s Something Weird Going On”: The Global Dollar Shortage (ZH) • Merkel Suggests Euro Is Too Low For Germany (R.) • Empowering “Deep State” is Prescription for Destroying Democracy (Greenwald) • Sekulow: Obama Should Be “Held Accountable” For “Soft Coup” Against Trump (ZH) • Russia Calls For ‘Post-West’ World Order – Lavrov (R.) • Lavrov

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Feb 182017
 
 February 18, 2017  Posted by at 4:01 pm Finance Tagged with: , , , , , , , ,  8 Responses »
Not Nearly Enough Growth To Keep Growing

Jackson Pollock Shooting Star 1947   It’s amusing to see how views start to converge, at the same time that it’s tiresome to see how long that takes. It’s a good thing that more and more people ‘discover’ how and why austerity, especially in Europe, is such a losing and damaging strategy. It’s just a shame that this happens only after the horses have left the barn and the cows have come home, been fed, bathed, put on lipstick and

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Feb 182017
 
 February 18, 2017  Posted by at 10:40 am Finance Tagged with: , , , , , , , , , ,  3 Responses »
Debt Rattle February 18 2017

Unknown California State Automobile Association signage 1925   • “That War You Ordered….” (Jim Kunstler) • US ‘Unwavering’ In NATO Support – Pence (BBC) • European Union President Rejects Trump Call For More NATO Spending (CNBC) • Four NATO Nations Would Pick Russia to Defend Them If Threatened (BBG) • Who Really Rules The United States? (FreeB) • Australia Headed For ‘Economic Armageddon’ (News.com.au) • China Is Going Broke (Jim Rickards) • Brexit Was A Revolt Against Snobs Like Tony

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Feb 172017
 
 February 17, 2017  Posted by at 11:00 am Finance Tagged with: , , , , , , , , ,  2 Responses »
Debt Rattle February 17 2017

John Collier Workmen at emergency office construction job, Washington, DC Dec 1941   • Global Growth is All About China…Nothing but China (Econimica) • US Household Debt Is Dangerously Close To 2008 Levels (CNN) • “Seriously Delinquent” US Auto Loans Surge (WS) • 3 Reasons The US Could Be Headed For A Fresh Debt Crisis (MW) • Fed President Says US Banks Have “Half The Equity They Need” (Black) • Harward Turns Down National Security Adviser Job Over Staffing Dispute

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