Apr 132018
 
 April 13, 2018  Posted by at 8:38 am Finance Tagged with: , , , , , , , , , , ,  
Debt Rattle April 13 2018

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Ezra Stoller Parking garage, New Haven, Connecticut 1963   • Zombies In Our Midst (Felder) • After 10 Fat Years For Stock Investors A Lean Decade Is Looming (MW) • China Records Rare Trade Deficit In March As Exports Fall 2.7% (R.) • London House Prices Falling At Fastest Rate In Nine Years (G.) • Google Saves Manhattan Office Market. Chinese Buyers Vanish (WS) • The Deep State Closes In On The Donald: Mueller’s War, Part 2 (Stockman) •

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Apr 122018
 
 April 12, 2018  Posted by at 1:09 pm Finance Tagged with: , , , , , , , , , , , , ,  
Hot War and Cold Markets

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Pieter Bruegel the Elder The Triumph of Death c1562   This is turning into a comedy. A black comedy, for sure, but still. As both the Skripal novichok ‘poisoning’ case in Britain and the ‘chemical attack’ in Douma, Syria fall flat on their faces on a total and absolute lack of evidence, it’s becoming clear that western ‘authorities’ are not at all planning to let go of the privilege that in times gone by allowed them to claim whatever

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Apr 122018
 
Debt Rattle April 12 2018

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail The marine and the kitten, Korean War, 1952   • It’s Pure Math – We’re Headed for a Train Wreck (USAW) • Licence to Kill (Le Monde Diplomatique) • It’s No Longer Advertising – It’s Behaviour Modification (BBC) • Zuckerberg’s Answer To Facebook’s Problems: More Facebook (Ind.) • The Uncomfortable Question: Is Facebook A Monopoly? (MW) • UK Economic Growth Has Fallen By Half (G.) • More Than 100,000 British Households Set To Be Homeless By 2020 (Ind.) •

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Apr 112018
 
 April 11, 2018  Posted by at 8:50 am Finance Tagged with: , , , , , , , , , , , ,  
Debt Rattle April 11 2018

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Jan van Eyck The Last Judgement (detail) 1430   • Hussman’s Script For A 60% Tumble In The Stock Market (MW) • World Trade System In Danger Of Being Torn Apart – Lagarde (G.) • Eurocontrol Warns Airlines Of Possible Missile Strikes Into Syria (R.) • Russian Envoy: Any US Missiles Fired At Syria Will Be Shot Down (R.) • We All Need To Unite Against War In Syria (CJ) • Zuckerberg Deflects Senators’ Questions, Gets $3 Billion For

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Apr 102018
 
 April 10, 2018  Posted by at 8:51 am Finance Tagged with: , , , , , , , , , , , , ,  
Debt Rattle April 10 2018

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Acme Storm over Manhattan 1950   • Trump Blasts “Disgraceful” FBI Raid Of Lawyer’s Office (ZH) • Xi Vows To Further Open China Economy As US Trade Spat Simmers (AFP) • Global Debt Jumped to Record $237 Trillion Last Year • US Deficit to Surpass $1 Trillion Two Years Ahead of Estimates – CBO (BBG) • Global Trade Is Broken, And Trump Is Sparking The Crisis Needed (Morici) • Russian Firms And Rouble Hit Heavily By Trump Sanctions (G.)

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Apr 092018
 
The Mother of All Deflations

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Keith Haring Retrospect 1989   Longtime and dear friend of the Automatic Earth, professor Steve Keen, wrote an article recently that everyone should read (that goes for everything Steve writes). It’s hard to select highlights, but I’ll give it a try. Steve explains where our housing markets went off the rails, what (short-sighted) interests politicians have in subverting them, and, something rarely addressed, why housing markets are unlike any other markets (the turnover of existing properties is financed with

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Apr 092018
 
 April 9, 2018  Posted by at 9:18 am Finance Tagged with: , , , , , , , , , , ,  
Debt Rattle April 9 2018

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Andreas Feininger Production B-17 heavy bomber 1942   • Syria and Russia Accuse Israel Of Missile Attack On Syrian Regime Airbase (G.) • Stocks To Retest Correction Lows As Easy Money Disappears – Boockvar (CNBC) • Albert Edwards On The Next Recession: S&P Below 666 (ZH) • Bad Omen for Markets From First Signs of Yield Curve Inversion • Trump’s Trade War Threatens Central Bank ‘Put’ – Deutsche (BBG) • China Is Studying Yuan Devaluation as a Tool in

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Apr 082018
 
 April 8, 2018  Posted by at 9:10 am Finance Tagged with: , , , , , , , , , ,  
Debt Rattle April 8 2018

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Johannes Vermeer The Concert 1663 Stolen from Gardner Museum March 18 1990, the single largest art theft in the world. Never recovered   • Richest 1% On Target To Own Two-Thirds Of All Wealth By 2030 (G.) • Britain Aims To Resettle Poisoned Russian Ex-Spy In The US (R.) • Facebook Admits To Deleting Messages From People’s Inboxes (Ind.) • Facebook Confirms It Scans What You Send To Others On Its Messenger App (BBG) • US Homeland Security Database

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Apr 072018
 
 April 7, 2018  Posted by at 12:32 pm Finance Tagged with: , , , , , , , , , , , ,  
America 2.0

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Dorothea Lange Farmers’ supply co-op. Nyssa, Malheur County, Oregon 1939     It’s Dr. D again. Told you he’s on a roll. He remains convinced America can re-invent itself. If only because it must.     Dr. D: Herbert Stein’s Law states “What Can’t Go On Forever, Doesn’t.” This is a neat summary of the present trade and currency imbalance. China makes real goods and the U.S. consumes them by typing digits on a keyboard. This is the very

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Apr 072018
 
 April 7, 2018  Posted by at 10:24 am Finance Tagged with: , , , , , , , ,  
Debt Rattle April 7 2018

FacebookTwitterGoogle+LinkedinTumblrFlattrDiggRedditPinterestStumbleUponemail Arthur Rothstein Grain elevators, Great Falls, Montana 1939   • US Jobs: One Big Miss (CNBC) • Everything Has Changed In Macroeconomics, But.. (Murphy) • Income From UK Savings Accounts Dropped 16% In A Year (Ind.) • Social Media Users Treated As ‘Experimental Rats’ – EU Watchdog (CNBC) • Facebook Users Have To Pay To Opt Out Of Their Data Being Used (CNBC) • AI: An ‘Immortal Dictator From Which We Can Never Escape’ (CNBC) • 960,000 Households In

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