The Automatic Earth

Debt Rattle November 26 2015

Nov 262015

November 26, 2015 Posted by Raúl Ilargi Meijer at 10:46 am Finance Tagged with: China, commodities, ECB, euro, oil, Osborne, refugees, Schengen, Silk Road, Thanksgiving, Turkey 5 Responses »

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

Debt Rattle November 25 2015

Nov 252015

November 25, 2015 Posted by Raúl Ilargi Meijer at 10:39 am Finance Tagged with: China, commodities, debt, iron ore, ISIS, refugees, Russia, slowdown, Turkey, VW 5 Responses »

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

The Automatic Earth -Finally- Returns To Athens

Nov 242015

November 24, 2015 Posted by Raúl Ilargi Meijer at 7:52 am Finance Tagged with: Athens, clinics, cuts, donations, EU, fund, Greece, refugees, UK 1 Response »

The Automatic Earth -Finally- Returns To Athens

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

Debt Rattle November 24 2015

Nov 242015

November 24, 2015 Posted by Raúl Ilargi Meijer at 7:06 am Finance Tagged with: cash, commodities, cuts, debt, Greece, NIRP, refugees, shipping, sub-zero, UK 3 Responses »

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%

Debt Rattle November 23 2015

Nov 232015

November 23, 2015 Posted by Raúl Ilargi Meijer at 10:14 am Finance Tagged with: buybacks, China, commodities, cuts, deficit, euro, oil, refugees, Schengen, war 5 Responses »

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

Nicole Foss presents: Challenge and Choices

Nov 222015

November 22, 2015 Posted by Raúl Ilargi Meijer at 2:56 pm Finance Tagged with: carrying capacity, community, limits, resilience, resources, risk, skills, solutions, uncertainty Comments Off

Nicole Foss presents: Challenge and Choices

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

Debt Rattle November 22 2015

Nov 222015

November 22, 2015 Posted by Raúl Ilargi Meijer at 10:38 am Finance Tagged with: care homes, container, default, electricity, leverage, loans, oil, Saudi, trees 2 Responses »

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

Debt Rattle November 21 2015

Nov 212015

November 21, 2015 Posted by Raúl Ilargi Meijer at 10:44 am Finance Tagged with: bankruptcies, BoJ, buybacks, ECB, oil, Petrobras, QE, refugees, Saudi, subprime, VW 6 Responses »

Frances Benjamin Johnston Courtyard, 620-621 Gov. Nicholls Street, New Orleans 1937 • Total US Household Debt Hits $12.1 Trillion As Subprime Auto Lending Jumps (WSJ) • US Oil Producer Bankruptcies Are Piling Up (WSJ) • Low Crude Prices Catch Up With the US Oil Patch (WSJ) • Speculators Test Saudi Currency As Oil Crisis Deepens (AEP) • Petrobras’s Dangerous Debt Math: $24 Billion Owed in 24 Months (Bloomberg) • Bank of Japan To Switch To Indicators That Show Rising Prices

Debt Rattle November 20 2015

Nov 202015

November 20, 2015 Posted by Raúl Ilargi Meijer at 10:28 am Finance Tagged with: bitcoin, China, drones, EU, euro, GMO, homeless, housing, oil, refugees, Syria, VW 6 Responses »

Marjory Collins “Crowds at Pennsylvania Station, New York” Aug 1942 • This Is What Will Kill The EU (Novak) • Goldman Eyes $20 Oil As Glut Overwhelms Storage Sites (AEP) • China Has a $1.2 Trillion Ponzi Finance Problem (Bloomberg) • A Hard Landing in China Could ‘Shake the World’ (Bloomberg) • The Real Reason Behind China’s Latest ‘Stimulus’ (CNBC) • China Cracks $64 Billion ‘Underground Bank’ Moving Money Abroad (Bloomberg) • China’s Yuan May Enter IMF Basket With Lower

The Great Fall Of China Started At Least 4 Years Ago

Nov 192015

November 19, 2015 Posted by Raúl Ilargi Meijer at 11:28 am Finance Tagged with: bad loans, China, coal, credit, debt, leverage, overcapacity, SDR, steel, Xi 6 Responses »

The Great Fall Of China Started At Least 4 Years Ago

Robert Capa Anti-fascist militia women at Barcelona street barricade 1936 Looking through a bunch of numbers and graphs dealing with China recently, it occurred to us that perhaps we, and most others with us, may need to recalibrate our focus on what to emphasize amongst everything we read and hear, if we’re looking to interpret what’s happening in and with the country’s economy. It was only fair -perhaps even inevitable- that oil would be the first major commodity to dive

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