Sign on Greece/FYROM border Nov 2015 How black would you like your Thanksgiving Friday slash weekend? Many Americans don’t even appreciate the term, or the events, at all anymore (or so they say), but the idea of getting what you don’t need, or want, on the cheap, will still prove irresistible. But then, when all of your desires have been fulfilled, food wise and gadget wise, and you’re still feeling empty, maybe we can help and offer a sweeping redefinition
Read More...
Russell Lee Secondhand store in Council Bluffs, Iowa 1936 • US Energy Sector “On The Cusp Of A Staggering Default Wave” (EI) • Black Friday Crowds Thin In Subdued Start To US Holiday Shopping (Reuters) • Salting The Economy To Death (Gordon) • Student Debt in America: Lend With a Smile, Collect With a Fist (NY Times) • China Calm Shattered as Brokerage Probe Sparks Selloff in Stocks (Bloomberg) • Half of Gold Output May Not Be ‘Viable’ as Price
Read More...
Jack Delano Freight train on the Chicago & North Western, Chicago to Clinton, Iowa 1943 • The $400 Billion Ripoff That Could Destroy The Greek Bailout (CNBC) • Good News, Holiday Shoppers: Retailers Are Desperate (MarketWatch) • China’s Stocks Sink Most in Three Months as Broker Probes Widen (Bloomberg) • China October Industrial Profits Fall For Fifth Straight Month (Reuters) • China’s Stock-Market Regulator is Investigating Citic Securities (WSJ) • Japan Spending Slumps Even As Unemployment Hits 20-Year Low (Reuters)
Read More...
G.G. Bain Scramble for pennies – Thanksgiving, New York Nov 1911 • China’s Desperate Commodity Sector Demands State Buy Up Surplus Metals (ZH) • China’s New Silk Road Dream (Bloomberg) • End of EU Border-Free System Could See Euro Fail, Warns Juncker (WSJ) • ECB Alternatives Could Include Penalties On Banks Hoarding Cash (Reuters) • UK Mortgage Lending Hit Seven-Year High In October (Guardian) • Osborne Plans To Eradicate Deficit Dissolve Into Puddle Of Excuses (Bell) • George Osborne Delays
Read More...
Harris&Ewing F Street, Washington, DC 1935 • European Banks Sitting On €1 Trillion Mountain Of Bad Debt (Guardian) • If China Killed Commodities Super Cycle, Fed Is About to Bury It (Bloomberg) • US, German Manufacturers Can’t Shake The Slowdown In China (Forbes) • China’s Latest Economic Indicators Make For Gloomy Reading (Bloomberg) • Iron Ore Rout Deepens as Rising Supply, Weaker Demand Feed Glut (Bloomberg) • Presenting SocGen’s 5 Black Swans For 2016 (Zero Hedge) • Elite Funds Prepare
Read More...
Kostas Tzioumakas Constantinos Polychronopoulos 2015 That’s right, I am at last able to come back to Athens, starting today. Alas, without Nicole Foss, who was supposed to join me in the city earlier this year but is back in New Zealand now. Why that plan never materialized, and why I couldn’t return myself, is all about the illness and subsequent passing of my mother, a process I write about in Eulogy for Johanna. And there are still too many things
Read More...
Russell Lee Proprietor of small store in market square, Waco, Texas Nov 1939 • Negative Interest, the War on Cash and the $10 Trillion Bail-In (Ellen Brown) • Sub-Zero Debt Increases To $2 Trillion In Eurozone On Draghi (Bloomberg) • Soaring Global Debt – The Reality Check in Numbers (O’Byrne) • The Closing Of The Global Economy (Calhoun) • Harmless Commodity Crash Accelerates As Dollar Soars (AEP) • Ireland Is Backing Itself (David McWilliams) • Greek Home Rental Costs 40%
Read More...
Kennedy and Johnson Dallas, Morning of November 22 1963 • Commodity Slump Deepens as Dollar Gains; European Stocks Slide (Bloomberg) • Europe Warned On ‘Permanent’ Downturn Amid PMIs (CNBC) • Euro Drops To Seven-Month Low As Draghi Feeds Bears (Bloomberg) • Zinc Producers Keep Cutting Back, Yet Prices Keep Falling (Bloomberg) • Barclays Bets On Stock Boom As World Money Growth Soars (AEP) • Masters of the Finance Universe Are Worried About China (Bloomberg) • Is the Surge in Stock
Read More...
Theodor Horydczak Washington Monument 1933 The Automatic Earth today releases its newest video presentation by Nicole Foss. Entitled ‘Challenge and Choices’, it deals with the problems presented to us by the earth’s limits to growth, in finance, energy and the natural world, and with the options and answers that exist in face of these problems. To purchase the 3-hour video download of Challenge and Choices, go to our store. Click this image to get there: Nicole Foss: After more than
Read More...
Marjory Collins “Italian girls watching US Army parade on Mott Street, New York” 1942 • Will $4.6 Trillion Leveraged Loan Market Cause Next Financial Crisis? (Cohan) • Asia-Europe Container Freight Rates Drop 70% in 3 Weeks (Reuters) • Nightmare of Mario Draghi’s Crowded Trade (FT) • The Long, Cold Winter Ahead (Tenebrarum) • Oil Companies Brace For Big Wave Of Debt Defaults (CNBC) • Eurozone Agrees Greece Can Get Next Loan Tranche, Cash For Bank Recap (Reuters) • Half Of
Read More...