The Automatic Earth

Debt Rattle February 18 2017

Feb 182017

February 18, 2017 Posted by Raúl Ilargi Meijer at 10:40 am Finance Tagged with: Armageddon, broke, China, Deep State, deflation, Greece, NATO, Pence, Russia, Trump, war 3 Responses »

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

Debt Rattle February 17 2017

Feb 172017

February 17, 2017 Posted by Raúl Ilargi Meijer at 11:00 am Finance Tagged with: bank run, Brexit, China, debt, delinquent, Growth, Putin, SEC, swamp, Trump 2 Responses »

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

Debt Rattle February 16 2017

Feb 162017

February 16, 2017 Posted by Raúl Ilargi Meijer at 10:31 am Finance Tagged with: ATM, austerity, CRE, euro, Fillon, Greece, intelligence, Macron, spies, Trump 2 Responses »

Pablo Picasso Femme 1930 Great read from Ed. “..while Brazil and Greece faced the same type of downturn in dollar terms — about 45% in GDP per person — Brazilian living standards only deteriorated about 2%, compared to 26% in Greece.” Good part on Dutch elections too. • Europe’s Delusional Economic Policies (Edward Harrison) This chart encapsulates the narrative in Matt’s post – namely that Greece has underperformed other emerging market crisis countries on post-crisis growth. Here’s how

Debt Rattle February 15 2017

Feb 152017

February 15, 2017 Posted by Raúl Ilargi Meijer at 10:34 am Finance Tagged with: China, cold war, Crimea, deleveraging, Farage, Flynn, Greece, refugees, technosphere, Trump Comments Off

Times Square New York City, 1958 • The Political Assassination of Michael Flynn (BBG) • Kucinich Pins Flynn Leak on Intel Community, Warns of Another Cold War (Fox) • America’s Spies Anonymously Took Down Flynn. That Is Deeply Worrying (Week) • Russian Foreign Ministry Says Crimea Will Not Be Returned To Ukraine (R.) • China Credit Surging to Record Underscores PBOC Shift to Tighten (BBG) • China Should Prudently Manage Deleveraging Process – PBOC (R.) • Nigel Farage –

Debt Rattle Valentine’s Day 2017

Feb 142017

February 14, 2017 Posted by Raúl Ilargi Meijer at 10:09 am Finance Tagged with: Fed, Flynn, Greece, NGOs, PPI, reflation, refugees, Rothschild, Russia, Trump, Yellen 2 Responses »

David Myers Theatre on 9th Street. Washington, DC July 1939 • Top Trump Aide Flynn Resigns Over Russia Contacts (AFP) • Judge Grants Injunction Against Trump Travel Ban In Virginia (AP) • Is Trump the New Boris Yeltsin? (Max Keiser) • Bond Traders Fear Yellen Is Planning A ‘St. Valentine’s Day Massacre’ (MW) • Yellen Outlook ‘Irrelevant’ Because Trump Will Reshape Fed (CNBC) • The Fed Is Bad For America – But Getting Rid Of It Isn’t The Answer

Debt Rattle February 13 2017

Feb 132017

February 13, 2017 Posted by Raúl Ilargi Meijer at 10:49 am Finance Tagged with: collapse, EU, Flynn, Greece, Growth, hypocrisy, repricing, trade deficit, Trudeau, Trump 10 Responses »

New York City Under 26 Inches Of Snow, 1947 • Why Does Economic Growth Keep Slowing Down? (StLouisFed) • The Market Will Be Repricing Dramatically Downward – Stockman (CNBC) • Jim Rogers: “A Lot Of People Will Disappear” (ZH) • US Trade Deficit Last Year Was Widest Since 2012 (WSJ) • Trump Reviews Top White House Staff After Tumultuous Start (Pol.) • Mike Flynn’s Position as National Security Adviser Grows Tenuous (WSJ) • Refugee-Embracing Trudeau Set to Bite His

Debt Rattle February 12 2017

Feb 122017

February 12, 2017 Posted by Raúl Ilargi Meijer at 10:47 am Finance Tagged with: arctic, DAPL, debt, Greece, Grexit, IMF, Le Pen, refugees, Trump, UK, Varoufakis 4 Responses »

Model wearing Dior on the banks of the Seine, Paris 1948 • Does UK’s Lucrative Arms Trade Come At The Cost Of Political Repression? (G.) • UK Journalists Who Obtain Leaked Official Material Could Face Jail (Tel.) • Women And Children ‘Raped, Beaten And Abused’ In Dunkirk’s Refugee Camp (G.) • Bank For International Settlements Warns Of Looming Debt Bubble (F.) • Trump Regime Was Manufactured By A War Inside The Deep State (Nafeez Ahmed) • Banking, Credit &

Outrageous Malevolence

Feb 112017

February 11, 2017 Posted by Raúl Ilargi Meijer at 4:28 pm Finance Tagged with: Dijsselbloem, elections, EU, Greece, Malloch, Merkel, Schaeuble, Schulz, Trump, Varoufakis Comments Off

Henri Cartier Bresson Salamanca 1963 Earlier this week I was talking in Athens to a guy from Holland, who incidentally with a group of friends runs a great project on Lesbos taking care of some 1000 refugees in one of the camps there. But that’s another topic for another day. I was wondering in our conversation how it is possible that, as we both painfully acknowledged, people in Holland and Germany don’t know what has really happened in the

Debt Rattle February 11 2017

Feb 112017

February 11, 2017 Posted by Raúl Ilargi Meijer at 10:26 am Finance Tagged with: bailout, ban, disintegration, EU, Goldman, Greece, IMF, refugees, Russia, Tarullo, Trump, UBI Comments Off

Dorothea Lange Play street for children. Sixth Street and Avenue C, NYC 1936 • Trump ‘May’ Not Appeal Travel Ban Ruling To Supreme Court (ZH) • What’s Really Behind Trump’s Bungling Of The Immigration-Ban Order? (MW) • White House: Cohn-Led Tax Plan Is Real and It’s Phenomenal • Daniel Tarullo, Federal Reserve Regulatory Point Man, to Resign (WSJ) • Foreigners Dump Debt, Offering Up a Test for Rates (WSJ) • Russia’s Exile From World Markets May Soon Be Over

Debt Rattle February 10 2017

Feb 102017

February 10, 2017 Posted by Raúl Ilargi Meijer at 10:05 am Finance Tagged with: Appeals Court, bitcoin, blame game, euro, Fukushima, GMO, immigrants, refugees, Treasuries, Trump 4 Responses »

Al Capone’s free soup kitchen, Chicago, 1931 • US Appeals Court Upholds Suspension Of Trump Travel Ban (AP) • The Crash Will Be Violent (David Stockman) • Foreign Governments Dump US Treasuries as Never Before; Who is Buying? (WS) • Impediments to Growth (Lacy Hunt) • A Game Of Chess (BP) • Biography of President Donald Trump, a.k.a. “Wayne Newton” (Jim Kunstler) • What Would it Cost a Country to Leave the Euro? (WS) • Varoufakis Accuses Creditors Of

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