The Automatic Earth

Debt Rattle December 4 2016

Dec 042016

December 4, 2016 Posted by Raúl Ilargi Meijer at 9:44 am Finance Tagged with: chaos, Goldman, Italy, OPEC, recount, recovery, Soros, Stein, Trump 4 Responses »

Wyland Stanley “J.A. Herzog Pontiac, 17th & Valencia Sts., San Francisco.” 1936 • Trump’s Unhappy Fate: A Financial Crisis Far Worse Than The Last (Rickards) • Trump’s Appointments (Paul Craig Roberts) • Petition To Reverse US Election Result Becomes Most Popular In History (Ind.) • Jill Stein Supporters Drop Pennsylvania Recount Suit (WSJ) • Jill Stein To Pursue Pennsylvania Recount Petition In Federal Court (R.) • Brent Caps Biggest Weekly Advance Since 2009 on OPEC Agreement (BBG) • Steve Keen,

Debt Rattle December 3 2016

Dec 032016

December 3, 2016 Posted by Raúl Ilargi Meijer at 9:51 am Finance Tagged with: bonds, cash, China, debt, fake news, fear, Italy, leverage, shorts, Taiwan, Trump, veterans 1 Response »

DPC “Car ferry Michigan Central turning in ice, Detroit River” 1900 • Italian Stock Exchange CEO: There Are ‘Colossal’ Short Positions On Italy (R.) • Markets Eye Europe’s ‘Fear Gauge’ As Italian Referendum Approaches (CNBC) • Is the Yellen Fed TRYING to Crash Stocks To Hurt Trump? (Summers) • China Blames Taiwan For President’s ‘Petty’ Phone Call With Trump (R.) • China Bond Yields Jump As Investors Head For Exit (MNI) • China’s ‘Extraordinary Leverage’ Tops BOE List Of Concerns

Debt Rattle December 2 2016

Dec 022016

December 2, 2016 Posted by Raúl Ilargi Meijer at 10:34 am Finance Tagged with: austerity, bonds, China, fire sale, meltdown, oil, OPEC, outflows, Putin, Renzi, Trump 2 Responses »

Harris&Ewing Washington, DC, Storm damage..” Between 1913 and 1918 • Global Bonds Suffer Worst Monthly Meltdown as $1.7 Trillion Lost (BBG) • What’s Causing The Fire Sale In The Bond Market (CNBC) • Donald Trump Promises to Usher In New ‘Industrial Revolution’ (WSJ) • Trump Will End Growth-Zapping Fiscal Austerity – McCulley (CNBC) • China’s Central Bank Is Facing a Major New Headache (BBG) • Rural China Banks With $4 Trillion Assets Face Debt Test (BBG) • Obama Set To

Debt Rattle December 1 2016

Dec 012016

December 1, 2016 Posted by Raúl Ilargi Meijer at 10:40 am Finance Tagged with: car loans, cash, debt relief, homeless, NWO, OPEC, Ponzi, tax cut, Trump 2 Responses »

NPC K & W Tire Co. Rainier truck, Washington, DC 1919 • Oil Price Surges As OPEC Agrees First Output Cut Since 2008 (G.) • Preet Bharara to Stay On as Manhattan US Attorney Under Trump (WSJ) • Trump’s Tax Cut Means Billion-Dollar Writedowns for US Banks (BBG) • 6 Million Americans Are Delinquent On Auto Loans (MW) • ‘Classic Ponzi Scheme’: Sydney House Prices 12 Times Annual Income (SMH) • Melbourne Apartment Prices Drop by Most Since 2014 (BBG)

Debt Rattle November 30 2016

Nov 302016

November 30, 2016 Posted by Raúl Ilargi Meijer at 11:06 am Finance Tagged with: bubble, empires, Fed, jobs, palm oil, RBS, refugees, Snowden, Trump, Turkey, USD 6 Responses »

Wyland Stanley Bulletin press car: Mitchell auto at Yosemite National Park 1920 • OK, I get it: Companies Clamor for Cheap Labor, Fed Delivers (WS) • Trump Notches a Win as Carrier Agrees to Keep 1,000 Jobs in U.S. • Asia Is About to Face a Significant Dollar Stress Test (BBG) • Property Bubble ‘Most Important Macro Issue In China’ – Deutsche (BI) • China’s Foreign Investment ‘Shopping Spree’ Over?! (SCMP) • RBS Fails Bank Of England Stress Test (Ind.)

The Other Human Needs Your Help This Christmas

Nov 292016

November 29, 2016 Posted by Raúl Ilargi Meijer at 7:17 pm Finance Tagged with: aid, Athens, Christmas, food, Greece, industry, Konstantinos, medicine, poor, refugees, social kitchen 4 Responses »

The Other Human Needs Your Help This Christmas

Andrea Bonetti Konstantinos Polychronopoulos 2015 To anyone who reads this, please send it to as many of your friends and family and others as you can. Tweet and retweet, post and share on Facebook, do whatever you can to make Christmas a better time and place for the poorest Greeks and refugees. And, of course, please donate! It’s 4 weeks before Christmas and it’s time. Time for me to go back to the basics, the streets, the

Debt Rattle November 29 2016

Nov 292016

November 29, 2016 Posted by Raúl Ilargi Meijer at 10:08 am Finance Tagged with: Antarctic, austerity, Canada, cash, Great Barrier, Hooverville, left, recount, Trump Towers 4 Responses »

NPC Skating night, Washington DC 1919 • How The Global Left Destroyed Itself -Or, All Sex Is Not Rape- (DLS) • Of Hoovervilles and Trump Towers (Thomas) • The Blinkered Elite Who Still Think Austerity Works (Aditya Chakrabortty) • Athens Fears IMF, Berlin Will Reach Deal For Further Austerity (Kath.) • Where Are We In The Business Cycle? (ZH) • Cash is for Criminals – Taxing Cash Withdrawals from ATMs (Armstrong)

Debt Rattle November 28 2016

Nov 282016

November 28, 2016 Posted by Raúl Ilargi Meijer at 8:38 am Finance Tagged with: biofuels, cash, Fillon, Le Pen, Modi, oil, recount, Renzi, shoppers, Stress Test, Trump, yuan, zombie Comments Off

NPC Hendrick Motor Co., Carroll Avenue, Takoma Park, Maryland 1928 • US Shoppers Spend 3.5% Less Over Holiday Weekend (R.) • Some Of The Biggest UK Banks May Not Clear New Public Stress Tests (BBG) • China’s Bad Banks Serve Zombies, Not Investors (BBG) • PBOC Deputy Governor Talks Up Yuan Strength (CNBC) • Modi’s Rural Supporters May Not Hang On Much Longer (BBG) • India’s Modi Calls For Move Towards Cashless Society (R.) • Greek Banks Call For Taxing

Debt Rattle November 27 2016

Nov 272016

November 27, 2016 Posted by Raúl Ilargi Meijer at 10:14 am Finance Tagged with: Black Friday, Blair, Brexit, Castro, Grillo, poaching, rally, recount, Renzi, rupee, Trudeau 1 Response »

Unknown Paris 1900 • This Is The Greatest Suckers’ Rally Of All Time: David Stockman (CNBC) • More Than Half Of New Yorkers One Paycheck Away From Homelessness (Gothamist) • US Thanksgiving, Black Friday Store Sales Fall 10.4%, Online Rises (R.) • Dollar to Benefit if $2.5 Trillion in Cash Stashed Abroad Is Repatriated (WSJ) • China’s Property Frenzy And Surging Debt Raises Red Flag For Economy (AFP) • India’s Rural Economy Hit Hard As Informal Lending Breaks Down (R.)

Debt Rattle November 26 2016

Nov 262016

November 26, 2016 Posted by Raúl Ilargi Meijer at 9:54 am Finance Tagged with: Black Friday, Brexit, Castro, Clinton, debt relief, fake news, glut, media merger, payday, recount, swamp 5 Responses »

Fidel Castro and Che Guevara ca. 1957 • Cuban Revolutionary Fidel Castro Dies At 90 (AFP) • Wisconsin Agrees To Statewide Recount In Presidential Race (R.) • Bid To Challenge Brexit Gathers Pace Among Pro-Remain Politicians (G.) • Houses Have Never Been More Expensive To Buyers Who Need A Mortgage (Hanson) • Black Friday: The Death of Department Stores (WS) • US Payday Lenders Seek Emergency Court Help Against Regulators (R.) • When Money Dies (Bhandari) • Here’s What Happened

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