Nov 152017
 
 November 15, 2017  Posted by at 8:53 am Finance Tagged with: , , , , , , , , ,  7 Responses »
Debt Rattle November 15 2017

Arkady Shaikhet Express 1939   • Richest 1% Own 50% Of Global Wealth, Poorest 50% Own 1% (BI) • US Auto-Loan Subprime Blows Up Lehman-Moment-Like (WS) • Household Debt Rises By $116 Billion As Credit-Card Delinquencies Pile Up (MW) • Sweden’s Housing Market Shock is Hitting Its Currency (BBG) • ECB Seeks Power To Freeze Bank Deposits (BBG) • What History Teaches About Interest Rates (DR) • Deus ex Mueller isn’t Coming (CJ) • Raqqa’s Dirty Secret (BBC) • How

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Nov 142017
 
 November 14, 2017  Posted by at 10:15 am Finance Tagged with: , , , , , , , ,  11 Responses »
Debt Rattle November 14 2017

Vincent van Gogh Laboureur dans un champ 1889   • The Largest Transfer Of Wealth In Living Memory (OD) • How The American Dream Turned Into Greed And Inequality (WEF) • The Fed Destroyed Functioning American Democracy and Bankrupted the Nation (CH) • The Fatal Flaw Of Neoliberalism: It’s Bad Economics (Rodrik) • China Home Sales Fall by Most in Almost Three Years on Curbs (BBG) • Australia’s Whole Economy Is Built On China Buying Our Stuff (News.com.au) • Austerity,

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Nov 132017
 
 November 13, 2017  Posted by at 2:17 pm Finance Tagged with: , , , , , , , , , , ,  4 Responses »
Tories Trump Python

Jackson Pollock Man with knife 1940   There can be little doubt that the British, in general, have a sense of humor. And that’s perhaps the lens through which we should view the country these days. After all, what other options do we have? A comment yesterday to a Guardian article sums up the situation quite perfectly in just a few words (note: Dignitas has something to do with assisted dying): Brexit is rapidly becoming like someone who booked a

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Nov 132017
 
 November 13, 2017  Posted by at 9:42 am Finance Tagged with: , , , , , , , , , ,  6 Responses »
Debt Rattle November 13 2017

Mark Twain in Nikola Tesla’s lab 1894   • John Hussman Forecasts A Decade Of Stock Losses (BI) • One In Five American Households Have ‘Zero Or Negative’ Wealth (MW) • Top Tech Stocks’ $1.7 Trillion Gain Eclipses Canada’s Economy (BBG) • Bitcoin Plunges 29% From Record High (BBG) • The End Of “The End Of History” (Luongo) • Warnings From the “China Beige Book” (Rickards) • UK Government Tensions Rise After Leak Of ‘Orwellian’ Memo Sent To May (G.)

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Nov 122017
 
 November 12, 2017  Posted by at 9:47 am Finance Tagged with: , , , , , , , , , ,  3 Responses »
Debt Rattle November 12 2017

Fifth Avenue at 25th Street. New York City 1905   • “Bitcoin Cash” Quadruples in 2 Days. Bitcoin Crashes by $35 Billion (WS) • Podesta Group “Will Not Exist At The End Of The Year” (ZH) • Global Banks, City of London Raise “Disorderly Brexit” Alarm (DQ) • Forty UK Conservative Lawmakers Ready To Oust PM May (R.) • Theresa May Faces Defeat By MPs Demanding Vote On Final Brexit Deal (G.) • Sack Boris Johnson For Shaming Our Nation,

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Nov 112017
 
 November 11, 2017  Posted by at 9:15 pm Finance Tagged with: , , , , , , , , ,  8 Responses »
Tax Them Till They Bleed

Jean-Léon Gérôme Truth Coming Out of Her Well to Shame Mankind 1896   An entire library of articles about Big Tech is coming out these days, and I find that much of it is written so well, and the ideas in them so well expressed, that I have little to add. Except, I think I may have the solution to the problems many people see. But I also have a concern that I don’t see addressed, and that may well

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Nov 112017
 
 November 11, 2017  Posted by at 9:26 am Finance Tagged with: , , , , , , , , , , ,  4 Responses »
Debt Rattle November 11 2017

Henri Cartier Bresson Greenfield, Indiana 1960   • How Economics Failed the Economy (Haque) • How Did The News Go ‘Fake’? When The Media Went Social (G.) • Global Economy: Communication Breakdown? (R.) • Financial Markets Are Still Blowing Off the Fed (WS) • Is There Any Way Out Of The ECB’s Trap? (Lacalle) • How to Break Out of Our Long National Tax Nightmare (BW) • Tesla’s Junk Bonds Trading Under Water, Could Spell Trouble For Elon Musk (MW)

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Nov 102017
 
 November 10, 2017  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , ,  11 Responses »
Debt Rattle November 10 2017

Edward S. Curtis A smoky day at the Sugar Bowl—Hupa c. 1923   • Stock-Market Investors Are Starting To Freak Out About Junk Bonds (MW) • China’s New Way To Hide Debt: Call It Equity (ZH) • China To Remove Foreign Ownership Limit In Chinese Banks, Brokers (BBG) • Why Have We Built A Paradise For Offshore Billionaires? (Thomas Frank) • We Should Tax Them On Transactions – Steve Keen (RT) • Kleptocrat-Owned Media Pick Out ‘Incrimination’ To Target Russia

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Nov 092017
 
 November 9, 2017  Posted by at 9:28 am Finance Tagged with: , , , , , , , ,  6 Responses »
Debt Rattle November 9 2017

Henri Cartier Bresson Madrid 1933   • How I Sold Out To The Putin-Soros-Murdoch Conspiracy (Steve Keen) • Bill Gates, Jeff Bezos and Warren Buffett Richer Than Poorest Half Of US (G.) • The Middle East Is On The Verge Of New War (SF) • With Saudi Princes Dead, Arrested, King Fahd’s Grandson Flees To… Iran (IT) • Prince Alwaleed Sold His Shares In 21st Century Fox (Abc.au) • It Begins: Pension Bailout Bill To Be Introduced This Week (ZH)

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Nov 082017
 
 November 8, 2017  Posted by at 1:47 pm Finance Tagged with: , , , , , , , , , , ,  12 Responses »
How Broke is the House of Saud?

Salvador Dalí The oecumenial council 1960   Trying to figure out what on earth is happening in the Middle East appears to have gotten a lot harder. Perhaps (because) it’s become more dangerous too. There are so many players, and connections between players, involved now that even making one of those schematic representations would never get it right. Too many unknown unknowns. A short and incomplete list of the actors: Sunni, Shiite, Saudi Arabia, US, Russia, Turkey, ISIS, Syria, Iran,

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