The Automatic Earth

Debt Rattle December 28 2015

Dec 282015

December 28, 2015 Posted by Raúl Ilargi Meijer at 9:55 am Finance Tagged with: Abenomics, arms, China, floods, Japan, refugees, Russia, Shale, steel 2 Responses »

DPC Gillender Building, corner of Nassau and Wall Streets, built 1897, wrecked 1910 1900 • Japan Output, Retail Sales Slump, Dampen Recovery Prospects (Reuters) • Japan Business Lobby Head Won’t Commit To Higher Wages (Reuters) • China Industrial Profits Fall For Sixth Straight Month (Reuters) • Head Of China Telecom ‘Taken Away’ As Probe Launched (AFP) • World Steel Chief Calls Chinese Glut ‘Serious And Critical’ (USA Today) • Shale’s Running Out of Survival Tricks as OPEC Ramps Up Pressure

Debt Rattle December 27 2015

Dec 272015

December 27, 2015 Posted by Raúl Ilargi Meijer at 9:51 am Finance Tagged with: basic income, cash-free, debt, flooding, refugees, sub-zero, taper tantrum, war on drugs 2 Responses »

Gordon Parks A scene at the Fulton Fish Market, New York 1943 • $1.7 Trillion of Sub-Zero Euro Debt Shows ECB Outlook for 2016 (BBG) • Deutsche Bank Sees Taper Tantrum Echo Ahead for US Treasuries (BBG) • Pound Is ‘Most Overvalued Currency In The World’, Analysts Claim (Telegraph) • In Sweden, a Cash-Free Future Nears (NY Times) • Dutch City Plans To Pay All Citizens A ‘Basic Income’ (Guardian) • The Man Who Exposed The Lie Of The War

Debt Rattle Boxing Day 2015

Dec 262015

December 26, 2015 Posted by Raúl Ilargi Meijer at 9:58 am Finance Tagged with: austerity, bankruptcy, basic income, China, Christmas, migrants, oil, peace, QE, refugees, smog 10 Responses »

Andreas Feininger Production B-17 heavy bomber at Boeing plant, Seattle Dec 1942 • Christmas 2015 – Why There Is No Peace On Earth (Stockman) • China State Firms’ Profits Down 9.5% Year-on-Year In January-November (Reuters) • China Says AIIB Up And Running Early In The New Year • US Oil Bankruptcies Reach Highest Quarterly Level Since Recession (BBG) • Why Not People’s Quantitative Easing? (Steve Keen on Keiser Report) • Commerzbank Sues BNY Mellon, Wells Fargo, HSBC Over Mortgage Losses

Help the Automatic Earth Help the Poorest Greeks and Refugees

Dec 252015

December 25, 2015 Posted by Raúl Ilargi Meijer at 5:50 pm Finance Tagged with: Athens, donation, Greece, help, homeless, Kostas, Lesbos, refugees, social kitchen 1 Response »

Help the Automatic Earth Help the Poorest Greeks and Refugees

Elena Angelopoulos Refugee mother feeds child at ‘The Other Human’ social kitchen on Lesbos 2015 No, I’m not planning to let this rest. And I’m not planning to write the whole article again either. Our readers have once again been crazy generous (thank you so much!), but in the spirit of Christmas I ask more of you to do more. We can be a veritable force for good, and that’s not something we get a lot of shots at, not

Debt Rattle Christmas Day 2015

Dec 252015

December 25, 2015 Posted by Raúl Ilargi Meijer at 9:44 am Finance Tagged with: deportation, dollar, Fed, jobless claims, money creation, refugees, retail Comments Off

Jack Delano Brockton, Mass., Enterprise newspaper office on Christmas Eve 1940 • Switzerland To Vote On Banning Banks From Creating Money (Telegraph) • US Retailers At Risk Of Missing Even Modest Holiday Sales Goals (Reuters) • High Street Christmas Shopping Figures Grim Reading For Retailers (Guardian) • Lower Jobless Claims Don’t Point to Robust US Labor Market (WSJ) • African Firms Hit by Dollar Shortages (WSJ) • Why The Fed Will Never Succeed (Macleod) • The Perils of Fed Gradualism

Debt Rattle Christmas Eve 2015

Dec 242015

December 24, 2015 Posted by Raúl Ilargi Meijer at 10:52 am Finance Tagged with: China, drownings, emissions, Greece, nuclear, oil, OPEC, poverty, recovery, refugees, savings 3 Responses »

NPC “Poli’s Theater, Washington, DC. Now playing: Edith Taliaferro in “Keep to the Right” 1920 • Half The Country Is Either Living In Poverty Or Damn Near Close To It (AN) • Most Americans Have Less Than $1,000 In Savings (MarketWatch) • The Keynesian Recovery Meme Is About To Get Mugged, Part 2 (Stockman) • Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016 (BBG) • US Banks Hit By Cheap Oil As OPEC Warns

Debt Rattle December 23 2015

Dec 232015

December 23, 2015 Posted by Raúl Ilargi Meijer at 9:11 am Finance Tagged with: China, EU, Finland, Greece, home sales, oil, refugees, steel, Syria, Turkey Comments Off

DPC Unloading bananas, New Orleans 1903 • Macquarie Forecasts 13% Fall In Chinese Steel Export Prices (BBG) • U.S. Calls for 256% Tariff on Imports of Steel From China (BBG) • US Existing Home Sales Down 10.5% In November (Reuters) • Man Who Called China’s Boom and Bust Now Warns of Crisis Risks (BBG) • Canadian Oil Industry To Lose 100,000 Jobs By The End Of 2015 (FP) • Finland Should Never Have Joined Euro, Foreign Minister Says (BBG) •

An Urgent Christmas Call To The Finance Blogosphere

Dec 222015

December 22, 2015 Posted by Raúl Ilargi Meijer at 2:19 pm Finance Tagged with: Athens, donation, Greece, help, homeless, Kostas, Lesbos, refugees, social kitchen 3 Responses »

An Urgent Christmas Call To The Finance Blogosphere

Elena Angelopoulos Kostas comforts on Lesbos 2015 This is a call-out to the entire -financial- blogosphere to help the Automatic Earth help the poorest Greeks, and the refugees in Greece. Please repost, rewrite, retweet, donate. Let’s grab our humanity by the horns and not allow this situation to deteriorate even further than it already has. It doesn’t have to. This -late- spring I went to Athens. Because it seemed a place where things were happening, with Syriza, with Varoufakis in

Debt Rattle December 22 2015

Dec 222015

December 22, 2015 Posted by Raúl Ilargi Meijer at 9:06 am Finance Tagged with: China, coal, empire, exposure, household debt, oil, PMI, retail, Spain, superbug Comments Off

DPC Old Absinthe House, bar, New Orleans 1906 • Global Investors Are More Exposed To Interest-Rate Hikes Than Ever (BBG) • The Keynesian Recovery Meme Is About To Get Mugged, Part 1 (Stockman) • Brent Oil Hits 11-Year Low As Global Supply Balloons (Reuters) • US Gas Prices Fall Below $2 – In Some Places Under $1.60 (MarketWatch) • The Real “Death Cross” Of Oil Markets (ZH) • Risk Of Insolvency Hangs Over UK High Street Retailers (Guardian) • UK

Debt Rattle December 21 2015

Dec 212015

December 21, 2015 Posted by Raúl Ilargi Meijer at 10:27 am Finance Tagged with: arms sales, central banks, empire, Greece, housing, oil, refugees, Spain Comments Off

Lewis Wickes Hine Child Labor in Magnolia Cotton Mills spinning room, Mississippi 1911 • Brent Oil Slides to 11-Year Low as Producers Seen Worsening Glut (BBG) • Siberian Surprise: Russian Oil Patch Just Keeps Pumping (BBG) • This So-Called Rate Hike Is Completely Jerry-Rigged (E&M) • Central Banks Created A Monster That Drives The Economy On The Way Down (King) • Europe’s Year From Hell May Presage Worse To Come (Reuters) • Spain Election Confusion: Conservatives Win But Podemos Are

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