The Automatic Earth

Debt Rattle June 15 2015

Jun 152015

June 15, 2015 Posted by Raúl Ilargi Meijer at 9:14 am Finance Tagged with: bubble, carry trade, China, default, Greece, IMF, Monsanto, real estate, restructuring, Sandy, Snowden 2 Responses »

DPC City Hall and Market Street and west from 11th, Philadelphia 1912 • Tsipras Hardens Greek Stance After Collapse of Talks (Bloomberg) • Greece Has Nothing To Lose By Saying No To Creditors (Münchau) • Varoufakis: Debt Restructuring Is The Only Way Forward (Reuters) • Syriza Left Demands ‘Icelandic’ Default As Greek Defiance Stiffens (AEP) • IMF ‘Blocked EU Compromise Proposal’ To Let Greece Cut Military Spending (AFP) • Doctors At Greek State-Run Hospitals At Risk Of Burnout (Kathimerini) •

Snowden, Putin, Greece: It’s All The Same Story

Jun 142015

June 14, 2015 Posted by Raúl Ilargi Meijer at 7:09 pm Finance Tagged with: EU, Greece, Greenwald, IMF, narrative, NATO, propaganda, Putin, Snowden, spin, US 13 Responses »

Snowden, Putin, Greece: It's All The Same Story

Milton Greene “Actress Marilyn Monroe in bed” 1955 Through the last decades, as we have been getting ever more occupied trying to be what society tells us is defined as successful, we all missed out on a lot of changes in our world. Or perhaps we should be gentle to ourselves and say we’re simply slow to catch up. Which is somewhat curious since we’ve also been getting bombarded with fast increasing amounts of what we’re told is information, so

Debt Rattle June 14 2015

Jun 142015

June 14, 2015 Posted by Raúl Ilargi Meijer at 10:24 am Finance Tagged with: endgame, Greece, IMF, mayors, Memorandum, review, Snowden, Spain, Syriza, TTIP, Ukraine 3 Responses »

Harris&Ewing Newsie, Washington DC 1920 • The IMF Knew In 2010 That The Greek Memorandum Would Increase Debt (SYRIZA) • Why Greece Should Reject the Latest Offer From Its Creditors (Philippe Legrain) • The Saga Of The Greek Review That Never Ended (Kathimerini) • Endgame Looms For Greek Crisis As Both Sides Take Talks To The Brink (Guardian) • Greece’s Last-Ditch Talks Aim at Agreement Before Monday (Bloomberg) • Germany Is Bluffing On Greece (Weisbrot) • Spain Swears In Leftist Mayors

Debt Rattle June 13 2015

Jun 132015

June 13, 2015 Posted by Raúl Ilargi Meijer at 9:56 am Finance Tagged with: chimps, emerging markets, euro, fast-track, Greece, Magna Carta, Merkel, Obama, Schäuble, trade bill 8 Responses »

Lewis Wickes Hine Night scene in Cumberland Glass Works, Bridgeton, NJ 1909 • Investors Yank $9.3 Billion From Emerging Markets, Most in 7 Years (WSJ) • Fed Tantrum Sets Off Biggest Exodus From Emerging Markets Since 2008 (AEP) • Is Deutsche Bank The Next Lehman? (NotQuant.com) • Obama Suffers Stunning Loss As Democrats Defeat Trade Bill (LA Times) • Trade Bill Defeat Casts Doubt On EU-US Deal (Politico) • The Euro Won’t Survive Unless The EU Ends Greece’s Humanitarian Crisis

Debt Rattle June 12 2015

Jun 122015

June 12, 2015 Posted by Raúl Ilargi Meijer at 11:07 am Finance Tagged with: bubble, China, citizens income, debt, Greece, Grexit, IMF, New Silk Road, peak, pensions, US 1 Response »

Jack Delano Main street intersection, Norwich, Connecticut 1940 • Peak America: Our Run Is Over (Paul B. Farrell) • American Dreaming, From G1 to Bilderberg (Pepe Escobar) • US Is Still Drowning In Mortgage Debt (MarketWatch) • The Warren Buffett Economy – Why Its Days Are Numbered-Part 3 (Stockman) • Myopic US Policies Pave Way For China’s Dominance (MarketWatch) • China’s Answer to Europe’s Needs (Bloomberg) • The World’s Worst Investment Bubble Will Burst Soon (MarketWatch) • Demands On Greece

How The IMF Can Save Greece And Itself

Jun 112015

June 11, 2015 Posted by Raúl Ilargi Meijer at 2:06 pm Finance Tagged with: AIIB, Banks, EU, Greece, IMF, relevance, reputation, Troika, US 1 Response »

G.G. Bain Auto polo, somewhere in New York 1912 There’s a Reuters article by Paul Taylor today that’s thought provoking, but not along the same line of thought that the writer follows (or the twist he gives to it). Taylor concludes that the IMF would love to wash its hands off Greece, but can’t because it’s subservient to German and Brussels interests (a junior partner). However, he also describes, without realizing it, why and how the Fund can rectify that.

Debt Rattle June 11 2015

Jun 112015

June 11, 2015 Posted by Raúl Ilargi Meijer at 10:02 am Finance Tagged with: bonds, China, crowdfunding, deflation, Greece, Iceland, IMF, kiwi, Merkel, TTP Comments Off

Russell Lee Store, La Forge, Missouri 1938 • Bond Crash Across The World As Deflation Trade Goes Horribly Wrong (AEP) • Janet Yellen Gives Asia the Jitters (William Pesek) • MSCI Backs Itself Into Corner On China Share Inclusion (Reuters) • China Approves Another 1 Trillion Yuan Local Debt Swap (WSJ) • Greece is Playing an Ultimatum Game (Bloomberg) • Markets Surge On Rumours Of German Compromise On Greece (Guardian) • Germany Against 3rd Greek Bailout Under Any Circumstances: BILD

Debt Rattle June 10 2015

Jun 102015

June 10, 2015 Posted by Raúl Ilargi Meijer at 10:08 am Finance Tagged with: austerity, bonds, bubble, corporate fascism, Greece, Obama, police killings, refugees, TPP, zombie money 4 Responses »

Arthur Rothstein General store and railroad crossing, Atlanta, Ohio 1938 • If Things Were Bad in 2008… What’s Coming Will be Far Far Worse (Phoenix) • The Warren Buffet Economy – Why Its Days Are Numbered-Part 2 (David Stockman) • QE ‘Sucking Out’ Liquidity In Markets (CNBC) • Mergers Might Not Signal Optimism (Sorkin) • What’s Wrong with the Administration’s Trade-Deal Arguments (Eric Zuesse) • Why China Is Blowing An Equity Bubble (John Plender) • Chinese Farmers Hope To Harvest

Why Greece Must Leave

Jun 092015

June 9, 2015 Posted by Raúl Ilargi Meijer at 4:57 pm Finance Tagged with: compassion, conscience, EU, Greece, sociopaths, supranational Comments Off

John Vachon Five o’clock crowds, Chicago 1941 French Economy Minister Emmanuel Macron and German Vice-Chancellor Sigmar Gabriel published a piece in the Guardian last week that instantly revived our long nourished hope for the European Unholy Union to implode and be dissolved, sooner rather than later. The two gentlemen propose a ‘radical’ reform for the EU. Going a full-tard 180º against the tide of rising euroskeptism, the blindest bureaucrats in European capitals are talking about more centralization in the EU.

Debt Rattle June 9 2015

Jun 092015

June 9, 2015 Posted by Raúl Ilargi Meijer at 10:03 am Finance Tagged with: arctic, austerity, creditors, Grexit, Iceland, pensions, Prechter, refugees, sociopaths, whales 9 Responses »

Russell Lee Tracy, California. Tank truck delivering gasoline to a filling station 1942 • The Warren Buffet Economy: Why Its Days Are Numbered-Part 1 (David Stockman) • Robert Prechter Is Warning Of A ‘Sharp Collapse’ In Stocks (MarketWatch) • Iceland Warns Hedge Funds Not to Sue as it Seeks Billions in Taxes (Bloomberg) • Greece, Creditors Discuss Extending Bailout in Bid to Break Deadlock (WSJ) • Grexit Would Be “Start Of The End For The Eurozone,” Says Tsipras (DW) •

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