The Automatic Earth

Debt Rattle September 13 2016

Sep 132016

September 13, 2016 Posted by Raúl Ilargi Meijer at 9:03 am Finance Tagged with: bad loans, bubble, catastrophic, China, collapse, debt, Fed, oil, Schäuble, Trump, war zone 2 Responses »

Harris&Ewing Calvin Coolidge Inaugural Ball. March 4, Washington DC 1925 • Energy Exploration & Production Debt Recoveries Hit ‘Catastrophic’ Level (BBG) • Oil Bankruptcies Leave Lenders With ‘Catastrophic’ Recovery Rate (BBG) • Strategist: If Trump Wins, ‘The U.S. Economy Would Take Off in a Big Way’ (BBG) • A Homerun For The Donald – Attack The Fed’s War On Americans (Stockman) • Fed Looks Unlikely To Hike Next Week After Brainard Warning (R.) • The Expansion in Developed Markets Might

Debt Rattle September 12 2016

Sep 122016

September 12, 2016 Posted by Raúl Ilargi Meijer at 8:52 am Finance Tagged with: angst, bullishness, Fed, Hanjin, Hillary, oil, perfect storm, pneumonia, stimulus, Troika, UniCredit, VIX 6 Responses »

Harris&Ewing WSS (War Savings Stamps) poster, Washington DC 1917 • Clinton Health Another Landmine for Suddenly Vulnerable Markets (BBG) • Asia Stocks, Bonds Sell-Off In Central Bank Anxiety Attack (R.) • Global Stocks Sink With Bonds, Commodities as Fed Angst Builds (BBG) • A ‘Perfect Storm’ In Stocks Is Coming, And Nothing Can Stop It (CNBC) • Goldman: We’ve Reached ‘Maximum’ Bullishness; Bad News for US Stocks (BBG) • Governments May Boost Fiscal Stimulus As Central Banks Step Back (CNBC)

Negative Interest Rates and the War on Cash (Full Article)

Sep 112016

September 11, 2016 Posted by Raúl Ilargi Meijer at 1:20 pm Finance Tagged with: bubble, cash, credit, debt, deflation, liquidity, Nicole Foss, NIRP, Ponzi, risk, ZIRP Comments Off

Negative Interest Rates and the War on Cash (Full Article)

The Statue of Liberty at the 1878 Paris World’s Fair This article by Nicole Foss was published earlier at the Automatic Earth in 4 chapters. Part 1 is here: Negative Interest Rates and the War on Cash (1) Part 2 is here: Negative Interest Rates and the War on Cash (2) Part 3 is here: Negative Interest Rates and the War on Cash (3) Part 4 is here: Negative Interest Rates and the War on Cash (4)

Debt Rattle September 11 2016

Sep 112016

September 11, 2016 Posted by Raúl Ilargi Meijer at 9:28 am Finance Tagged with: aid, bubble, bull market, DiEM25, EU, New Zealand, refugees, Tsipras, Wells Fargo 6 Responses »

Harris&Ewing No caption, Washington DC 1915 • Fed Dove Frets About Asset Bubbles, Wall Street Freaks Out (WS) • Hostage to a Bull Market (Jim Grant) • Leverage Soars to New Heights as Corporate Bond Deluge Rolls On (BBG) • On Nov. 8 Americans Decide To Either Rescue The Banks Or The Consumer (RI) • Wells Fargo Opened a Couple Million Fake Accounts (BBG) • It’s Business As Usual At Wells Fargo After Record Fine (MW) • New Zealand Prepares

Debt Rattle September 10 2016

Sep 102016

September 10, 2016 Posted by Raúl Ilargi Meijer at 9:02 am Finance Tagged with: bonds, complacency, Draghi, Dublin, EU, Fed, Greece, NATO, pensions, rate hike, refugees, VW 1 Response »

Harris&Ewing Balancing act, John “Jammie” Reynolds, Washington DC 1917 • Rate-Rise Fears Trip Up Markets (WSJ) • Surprise Fed Speech Throws Markets For A Loop (CNBC) • Stocks Sink With Bonds, Dollar Rallies as Complacency Broken (BBG) • Draghi Asset Buying Deepens the Hole in Europe’s Pension Funds (BBG) • Gundlach Puts His Finger On Bond Market Inflection Point (BBG) • VW Engineer Pleads Guilty in US Criminal Case Over Diesel Emissions (NYT) • Sweden Says No to NATO (BBG)

Debt Rattle September 9 2016

Sep 092016

September 9, 2016 Posted by Raúl Ilargi Meijer at 8:57 am Finance Tagged with: BoJ, China, coal, debt, deflation, ECB, exports, Fraud, Germany, parity, wilderness Comments Off

NPC Daredevil John “Jammie” Reynolds, Washington DC 1917 • ECB’s Mario Draghi Has Run Out Of Magic As Deflation Closes In (AEP) • ECB Stands Pat on Stimulus as Draghi Defends Policy (WSJ) • German July Exports, Imports Plunge (Street) • Goldman Calculates True Growth Rate Of China’s Debt: 40% of GDP Per Year (ZH) • China’s Reviving the American Heartland – One Low Wage at a Time (BBG) • Bank of Japan Risk: Running Out of Bonds to Buy

Negative Interest Rates and the War on Cash (4)

Sep 082016

September 8, 2016 Posted by Raúl Ilargi Meijer at 12:55 pm Finance Tagged with: bubble, cash, credit, debt, deflation, liquidity, Nicole Foss, NIRP, Ponzi, risk, ZIRP 27 Responses »

Negative Interest Rates and the War on Cash (4)

AlfredEisenstaedt View of Midtown Manhattan NYC 1939 This is part 4 of a 4-part series by Nicole Foss entitled “Negative Interest Rates and the War on Cash”. Part 1 is here: Negative Interest Rates and the War on Cash (1) Part 2 is here: Negative Interest Rates and the War on Cash (2) Part 3 is here: Negative Interest Rates and the War on Cash (3) We will soon publish the entire piece in one post. Here is

Debt Rattle September 8 2016

Sep 082016

September 8, 2016 Posted by Raúl Ilargi Meijer at 9:27 am Finance Tagged with: bad loans, cash, ECB, FBI, Fed, Fukushima, Hanjin, jobless, P2P, recession, SOE Comments Off

Harris&Ewing The Post Office building in Washington DC 1911 • US Recession Jitters Stoke Fears of Impotent Fed and Fiscal Paralysis (AEP) • One In Six Prime-Age American Men Has No Job (NPR) • GDP – Even Less Than Meets The Eye (720 Global) • It Won’t Be Long Now – The End Game Of Central Banking Is Nigh (Stockman) • China’s $1 Trillion Makeover Of Bloated SOEs Attracts Skeptics (BBG) • China’s Massive Infrastructure Investment Is A Model To

Negative Interest Rates and the War on Cash (3)

Sep 072016

September 7, 2016 Posted by Raúl Ilargi Meijer at 1:03 pm Finance Tagged with: bubble, cash, credit, debt, deflation, liquidity, Nicole Foss, NIRP, Ponzi, risk, ZIRP 10 Responses »

Negative Interest Rates and the War on Cash (3)

Lou Stoumen Going to work 8am Times Square, NYC 1940 This is part 3 of a 4-part series by Nicole Foss entitled “Negative Interest Rates and the War on Cash”. Part 1 is here: Negative Interest Rates and the War on Cash (1) Part 2 is here: Negative Interest Rates and the War on Cash (2) Part 4 will follow soon, and at the end we will publish the entire piece in one post. Here is Nicole:

Debt Rattle September 7 2016

Sep 072016

September 7, 2016 Posted by Raúl Ilargi Meijer at 9:15 am Finance Tagged with: Barroso, bonds, Calais, debt, ECB, equity, New Zealand, QE, refugees, SDR, Snowden, stocks 2 Responses »

Harris&Ewing “Congressional Union for Woman Suffrage” 1916 • Why More QE Won’t Work: Debt Is Cheap But Equity Is Expensive (BBG) • ECB Set To Extend QE Well Into Next Year As It Fights Deflation (CNBC) • Could the ECB Start Buying Stocks? (WSJ) • Now Companies Are Getting Paid to Borrow (WSJ) • Message to the Fed: We’re not in Kansas Anymore (Farmer) • China Grabs Bigger Slice Of Shrinking Global Trade Pie (BBG) • Why China Isn’t a

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