The Automatic Earth

Debt Rattle November 16 2015

Nov 162015

November 16, 2015 Posted by Raúl Ilargi Meijer at 10:34 am Finance Tagged with: Abenomics, China, debt, Greece, Italy, Japan, Paris, recession, refugees, slowdown, snow 10 Responses »

DPC Pine Street below Kearney after the great San Francisco earthquake and fire 1906 • Japan ‘Quintuple Dip’ Recession Delivers A Fresh Blow To Abenomics (Reuters) • Asia Pacific Shares Fall Sharply On Paris Attacks, Japanese Recession (Guardian) • Quiet US Ports Spark Slowdown Fears (WSJ) • Debt Market Distortions Go Global as Nothing Makes Sense Anymore (Bloomberg) • China’s Currency Path and the Dollar-Debt Time Bomb (WSJ) • China’s Banks Aren’t Feeling the Love (Bloomberg) • As China Firms

9/11, 3/11, 7/7, 11/13

Nov 152015

November 15, 2015 Posted by Raúl Ilargi Meijer at 8:47 pm Finance Tagged with: civilization, dead, media, narrative, oppressors, Paris, respect, terminal, terror 11 Responses »

Osama Hajjaj Madeleine Pleure 2015 9/11, 3/11, 7/7, 11/13 = New York, Madrid, London, Paris Better to wait a day before writing, after a night like that. What does one write after such a night anyway? And why write anything at all if you can be dead sure to always antagonize some one on some side of some spectrum, ideological or not, no matter what you write, unless you tag some safe official line, and even then, or especially then?

Debt Rattle November 15 2015

Nov 152015

November 15, 2015 Posted by Raúl Ilargi Meijer at 10:05 am Finance Tagged with: credit, debt, drowning, extinction, Paris, refugees, Syria, terror, yuan 10 Responses »

Jack Delano Atchison, Topeka & Santa Fe train at Emporia, Kansas 1943 • Credit Bust In Rich Countries Caused Credit Boom In Emerging Markets (Economist) • Irish President: Unaccountable Forces Are Running EU (IT) • The Global Economy Slows Down. Is It Recession Or Protectionism? (Guardian) • Yuan’s Rise Means World Economy Takes Step To Greater Stability (Bloomberg) • Whistleblower At HBOS Bank Attacks ‘Ludicrously Bad’ City Regulation (Guardian) • More Tough Measures Loom As Greece Eyes Bailout Loans (Kath.)

Debt Rattle November 14 2015

Nov 142015

November 14, 2015 Posted by Raúl Ilargi Meijer at 10:11 am Finance Tagged with: annihilation, chaos, EU, Euribor, extinction, GM, Paris, refugees, stocks, VW, war, yuan 14 Responses »

Unknown Paris 1900 • Calm Broken as US Stocks Post Worst Week Since August Selloff (Bloomberg) • Nomi Prins Warns: “It’s All Coming To An End” (KWN) • Albert Edwards: The Global Economy Will Be Thrown Into Chaos (ZH) • Ten Ex-Deutsche Bank, Barclays Traders Charged in Euribor Probe (Bloomberg) • 3 Accused Euribor Rate Manipulators Members of ECB Crisis Focus Group (ZH) • Central Bankers Are Heroes: OECD’s Gurria (CNBC) • China’s Yuan Takes Leap Toward Joining IMF Currency

Debt Rattle November 13 2015

Nov 132015

November 13, 2015 Posted by Raúl Ilargi Meijer at 10:08 am Finance Tagged with: Canada, cars, China, Greece, Greenland, oil, overcapacity, refugees, steel, strike, Turkey 7 Responses »

DPC Youngstown, Ohio. Steel mill and Mahoning River 1902 • Fresh Wave Of Selling Engulfs Oil And Metals Markets (FT) • Fed Officials Lay Case For December Liftoff (Reuters) • China Banks’ Troubled Loans Hit $628 Billion – More Than Sweden GDP (Bloomberg) • China’s Demand For Cars Has Slowed. Overcapacity Is The New Normal. (Bloomberg) • China Apparent Steel Consumption Falls 5.7% From January-October (Reuters) • China Speeds Up Fiscal Spending in October to Support Growth (Bloomberg) • China

Debt Rattle November 12 2015

Nov 122015

November 12, 2015 Posted by Raúl Ilargi Meijer at 10:32 am Finance Tagged with: arctic, bonds, China, default, derivatives, EU, OPEC, refugees, swaps 14 Responses »

DPC North approach, Pedro Miguel Lock, Panama Canal 1915 • Interest Rate Swaps Indicate Big Banks Safer Than US Government (Bloomberg) • World’s Biggest Bond Bubble Continues To Burst As China Defaults Rise (ZH)

Debt Rattle November 11 2015

Nov 112015

November 11, 2015 Posted by Raúl Ilargi Meijer at 10:24 am Finance Tagged with: China, debt, default, ECB, EU, Greece, leverage, refugees, swaps, VW Comments Off

Dorothea Lange Homeless mother and child walking from Phoenix to Imperial County CA Feb 1939 • We’re in the Early Stages of Largest Debt Default in US History (Stansberry) • It’s Not The Record High US Corporate Debt That Is The Biggest Risk (ZH) • US Banks Said To Hold $10 Trillion Of Risky Trades (FT) • US Banks Are Not “Sound”, Fed Report Finds (Simon Black) • Chinese Defaults Spread as Cement Maker to Miss Bond Payment (Bloomberg) •

Debt Rattle November 10 2015

Nov 102015

November 10, 2015 Posted by Raúl Ilargi Meijer at 10:22 am Finance Tagged with: aid agencies, austerity, China, commodities, copper, deflation, Greece, oil, recession, refugees 3 Responses »

Ben Shahn Quick lunch stand in Plain City, Ohio 1938 • Moody’s Warns Of Global Shockwaves From China Slowdown (CityAM) • OECD Rings Alarm Bell Over Threat Of Global Growth Recession (Ind.) • China Deflation Pressures Persist As Producer Prices Fall 44th Month (Bloomberg) • Copper Sinks to Six-Year Low as Chinese Demand Slumps (WSJ) • Emerging Economies See Half Trillion In Capital Flight in 6 Months (Zero Hedge) • EU Leaders Vow Measures To Halt Cheap Chinese Steel Imports

Merkel Must Call Highest Level UN Emergency Summit Over Refugees

Nov 092015

November 9, 2015 Posted by Raúl Ilargi Meijer at 1:33 pm Finance Tagged with: Balkans, Greece, Merkel, military, refugees, Syria, UN, US, war 7 Responses »

Merkel Must Call Highest Level UN Emergency Summit Over Refugees

Giles Duley Afghan boy lands on Lesvos Nov 2015 German Chancellor Angela Merkel needs to do something, urgently, that should have been done months- if not more- ago. There has to be a UN emergency summit on the European refugee crisis, it has to involve leaders at the very highest levels, and it has to take place within weeks at the latest. Or else. Of course any leader could call for the summit, and if Merkel waits too long -as

Debt Rattle November 9 2015

Nov 092015

November 9, 2015 Posted by Raúl Ilargi Meijer at 10:33 am Finance Tagged with: air pollution, China, coal, debt, Fed, glut, Japan, oil, refugees, steel, zombie 1 Response »

DPC Broadway from Chambers Street, NYC 1910 • Dash For Debt Ahead Of US Rate Rise (FT) • Ex-GAO Head David Walker: US Debt Is Three Times More Than You Think (Hill) • Fed Proves Irrelevant in $2.6 Trillion Slice of Debt Market (Bloomberg) • Zombie Debt Is Menacing America And Mine Even Has A Name: Kathryn (Guardian) • Dollar Bulls are Vulnerable as Currency’s Strength May Cap Rates (Bloomberg) • Global GDP Worse Than Official Forecasts Show, Maersk CEO

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