The Automatic Earth

Debt Rattle June 15 2018

Jun 152018

June 15, 2018 Posted by Raúl Ilargi Meijer at 8:10 am Finance Tagged with: Airbnb, Blackstone, Comey, CVID, Draghi, ECB, Fed, Mueller, optimism, peso, Powell, QE, QT, Trump 4 Responses »

OR LIGHT Compassion 2018 • Argentina’s Peso Collapses Even Further Despite $50 Billion IMF Bailout (WS) • ECB Calls Halt To Quantitative Easing, Despite ‘Soft’ Euro (G.) • Japan’s Central Bank Dials Down Inflation View, Complicates Stimulus-Exit (R.) • Powell Orchestrates a Masterful Move (DDMB) • The Fed Creates Problems For Itself (Macleod) • The Art of the Deal Worked On Sentosa Island (AT) • Absence of “CVID” In Joint Statement? (Hani) • Optimism (Caitlin Johnstone) • Blackstone Becomes

Debt Rattle June 14 2018

Jun 142018

June 14, 2018 Posted by Raúl Ilargi Meijer at 8:42 am Finance Tagged with: Apple, crypto, ECB, Fed, France, Greece, Italy, liquidity, May, North Korea, rates, stimulus, Trump, volatility 5 Responses »

Wassily Kandinsky Free Curve to the Point – Accompanying Sound of Geometric Curves 1925 • This Fed Grows Relentlessly More Hawkish (WS) • ECB Gets Ready To Pull The Plug On Stimulus Scheme (R.) • The ECB, Not The Fed, Is The Match That Will Spark Bond Market Volatility (MW) • China Holds Fire On Rates, Posts ‘Shockingly Weak’ Activity Growth (R.) • Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning (WS) • Cryptocurrency Bloodbath Continues,

Debt Rattle June 13 2018

Jun 132018

June 13, 2018 Posted by Raúl Ilargi Meijer at 8:49 am Finance Tagged with: capital flight, extinction, G7, Germany, hypocrisy, Italy, May, Monsanto, protectionism, Target2, Tesla, Trump 8 Responses »

John French Sloan South Beach Bathers 1908 • Capital Flight to Germany in Full Swing (Mish) • The Big Italy Short Was Hiding In Plain Sight (R.) • G7 Summit Highlights Western Leaders Hypocrisy (Lacalle) • Donald Trump Was Right. The Rest Of The G7 Were Wrong (Monbiot) • Centrists Very Concerned That Donald Fucking Trump Isn’t Hawkish Enough (CJ) • May Heads Off Major Defeat After Last-Minute Climbdown To Rebels (Ind.) • Tesla To Cut 9% Of Staff

Debt Rattle June 12 2018

Jun 122018

June 12, 2018 Posted by Raúl Ilargi Meijer at 9:19 am Finance Tagged with: bat, buybacks, diplomacy, ECB, Kim, Lagarde, net neutrality, refugees, Rodman, Singapore, Trump 11 Responses »

Henri Matisse The pink studio 1911 • Trump And Kim Sign “Comprehensive” Letter To End Historic Summit (ZH) • Dennis Rodman Cries As He Hails Trump-Kim Summit: ‘I’m So Happy’ (G.) • Trump, Kim Meet, But Body Language Shows Some Nerves (R.) • IMF’s Lagarde Says Global Economic Outlook Darkening By The Day (R.) • If Trump Wants To Blow Up The World Order, Who Will Stop Him? (Varoufakis) • World Wrassling Diplomacy (Jim Kunstler) • Twelve Tips For

Debt Rattle June 11 2018

Jun 112018

June 11, 2018 Posted by Raúl Ilargi Meijer at 9:47 am Finance Tagged with: apocalypse, austerity, Bilderberg, Cyprus, debt, Erdogan, Italy, migrants, palm oil, Road Less Traveled, Saudi, Trump, truth 6 Responses »

Pierre-Auguste Renoir Les parapluies 1880-86 • Debt Clock Ticking (Mauldin) • Southern Mayors Defy Italian Coalition To Offer Safe Port To Migrants (G.) • Italy’s New Finance Minister Rules Out Leaving Euro (Pol.eu) • In The Western World Truth Is An Endangered Species (PCR) • Will Bilderberg Still Be Relevant As The Future Of War Is Transformed? (G.) • Saudi Arabia Suffers Shock Collapse In Inward Investment (F.) • French Farmers Start Refinery Blockade Over Palm Oil Imports (R.)

When Trump Met Fibonacci. And Won.

Jun 102018

June 10, 2018 Posted by Raúl Ilargi Meijer at 7:33 pm Finance Tagged with: Fibonacci, G7, Macron, Merkel, Trudeau, Trump 16 Responses »

Edouard Manet A Bar at the Folies-Bergère 1882 Something curious happened during the Trump love fest at the G7 over the weekend. And I don’t think many people would have got it. In fact the entire western press, far as I could see, were blaming Trump for the dissolution of the treaties and whatall that the political class had worked so hard on for 50+ years. But when you look at the whole thing from an energy level, Trump

Debt Rattle June 10 2018

Jun 102018

June 10, 2018 Posted by Raúl Ilargi Meijer at 8:58 am Finance Tagged with: consumption, credit cycle, EU, G7, heroes, Iran, Kim, plastics, rate hikes, Russia, Trump, victims, Vollgeld, Xi 15 Responses »

Paul Gauguin The Day of the God 1894 • Is The Existing Banking System Coming To An End? (Ren.) • The Credit Cycle Will Be The EU’s Undoing (Macleod) • China is in Trouble (Mises) • How To Plan For Next Round Of Fed Interest Rate Hikes (Freep) • Trump Open To US Embassy In Pyongyang, North Korea (Axios) • Trump Backs Out Of Joint G7 Communique With Attack On Trudeau (Ind.) • One ‘Rant,’ Rough Talks Sour G7

All US Homes Are Overvalued

Jun 092018

June 9, 2018 Posted by Raúl Ilargi Meijer at 12:37 pm Finance Tagged with: bubble, CoreLogic, credit score, demand, Fed, house prices, interest rates, overvalued, QE, supply, Zero Hedge 7 Responses »

Dorothea Lange Children and home of cotton workers at migratory camp in southern San Joaquin Valley, CA 1936 My long time pal Jesse Colombo, now at Real Investment Advice, recently linked on Twitter to a Zero Hedge article, which quoted CoreLogic as saying more than half of American homes are overvalued. CoreLogic calls itself “a leading provider of consumer, financial and property data, analytics and services to business and government.” Well, CoreLogic is way off. All American homes are

Debt Rattle June 9 2018

Jun 092018

June 9, 2018 Posted by Raúl Ilargi Meijer at 8:16 am Finance Tagged with: discontent, Facebook, G7, house-rich, Juggernaut, marijuana, overvalued, overwhelmed, plastics, Skripal, Trump 5 Responses »

Edward Hopper Summertime 1943 • Why Trump Is Targeting G-7 Nations On Trade (MW) • More Than Half Of American Homes Are Overvalued, CoreLogic Warns (ZH) • America Is House-Rich But Cash-Poor (MW) • Cities Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers (ZH) • The Summer of Discontent (Jim Kunstler) • Facebook Shared Sensitive User Info Via “Secretive” Data Deals (ZH) • Canada First G7 Nation To Make Marijuana Legal (G.) • Trump Voices Support For Bipartisan

Debt Rattle June 8 2018

Jun 082018

June 8, 2018 Posted by Raúl Ilargi Meijer at 8:35 am Finance Tagged with: Argentina, Assange, Australia, Bernanke, Deutsche, IMF, King Dollar, Mediterranean, mussels, plastics, seafood, Turkey 9 Responses »

B-25s fly past erupting Vesuvius, Italy 1944 • Why Bringing Assange Home Would Be The Best Possible Thing For Australia (CJ) • Julian Assange Gets Embassy Visit From Australian Officials (ITV) • Ben Bernanke: US Economy To Go Off The Cliff In 2020 (ZH) • The Return Of King Dollar Could Create A Feeding Frenzy For US Stocks (MW) • Trouble Brewing in Emerging Markets (Rickards) • Deutsche Bank’s Junk Bond Firesale (ZH) • China Trade Surplus Falls, But

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