The Automatic Earth

Debt Rattle February 24 2015

Feb 242015

February 24, 2015 Posted by Raúl Ilargi Meijer at 1:23 pm Finance Tagged with: Apple, Greece, Putin, reform, Ron Paul, Shale, Ukraine, war, Yellen 5 Responses »

Russell Lee Washington DC, “Cafe on L Street.” 1938 • Will Yellen Set The Dollar Free? (CNBC) • European Commission Backs Greek Reform Proposals (WSJ) • Greek Plan to Tackle Economy Goes Before Finance Chiefs (Bloomberg) • Greece ‘Delays Reform Plan Deadline’ (BBC) • ‘It’s Treason!’ Greek Anger At Government U-Turn (CNBC) • Interventionism Kills: Post-Coup Ukraine One Year Later (Ron Paul) • Why the World Is So Bad at Tracking Dirty Money (Bloomberg) • Medicines To Cost Taxpayers Millions

Debt Rattle February 23 2015

Feb 232015

February 23, 2015 Posted by Raúl Ilargi Meijer at 4:15 pm Finance Tagged with: bonds, Germany, Greece, oligarchs, Sikh, tax evasion, virtual currency 9 Responses »

DPC “Ice fountain on Washington Boulevard, Detroit” 1906 • 1 In 3 Americans On Verge Of Financial Ruin (MarketWatch) • BofA Leads Charge Into Bonds as Banks Hoard $2 Trillion (Bloomberg) • Can A Bitcoin-Style Virtual Currency Solve The Greek Financial Crisis? (Guardian) • Greece Debt Deal: Reforms Will ‘Combat Tax Evasion’ (BBC) • Greece Draws Up €7.3 Billion Tax Hit List Aimed At Oligarchs And Criminals (AFP) • Greece Scrambles To Finalise Fiscal Reform List (Guardian) • Who Made

Throw Your Grandma Under The Bus

Feb 232015

February 23, 2015 Posted by Raúl Ilargi Meijer at 7:22 am Finance Tagged with: Deutsche Bank, gambling addicts, grandma, Greece, Merkel, perversity, Wall Street 7 Responses »

Dorothea Lange “Men on ‘Skid Row’, Modesto, California” 1937 Before we get news in a few hours on the new proposals Greece is required to hand to its slavemasters today, Monday Feb 23, it seems relevant to point out one more time that what is happening to Greece is the result of political, not economic, decisions and points of view. One could argue that Greece is being thrown under the bus because it’s not – yet – deeply enough entangled

Debt Rattle February 22 2015

Feb 222015

February 22, 2015 Posted by Raúl Ilargi Meijer at 11:22 am Finance Tagged with: Germany, GMO, Greece, Merkel, NATO, pope, Russia, Ukraine 12 Responses »

DPC “Car ferry Michigan Central turning in ice, Detroit River” 1900 • Yellen Confronts Economists’ Ignorance (Bloomberg) • How The Eurozone Could Tear Apart (Telegraph) • Greece, The Euro And Solomon’s Wisdom (Kathimerini) • Greece Says Eurozone Deal Won Time As Cash Bled From Banks (Reuters) • The Real Battle Over Greece Still Lies Ahead (Bloomberg) • From Greek Warriors To Battered Soldiers – In A Week (Observer) • Germany Set To Approve Greek Deal If Promises Met: Merkel Ally

50 Shades of Greece

Feb 222015

February 22, 2015 Posted by Raúl Ilargi Meijer at 3:16 am Finance Tagged with: Cobden, ECB, EU, Greece, Grexit, Varoufakis 7 Responses »

John M. Fox Window display of imported and domestic cheeses, New York 1948 When it comes to the ongoing Greek question, I see a lot of people eagerly jump to conclusions, after the ‘debt deal’, that I don’t think are justified; certainly not yet. The overall conviction in the press seems to be that Syriza has given in on just about all fronts, and Germany and Dijsselbloem are the big winners. But since that may well be the exact position

Debt Rattle February 21 2015

Feb 212015

February 21, 2015 Posted by Raúl Ilargi Meijer at 12:45 pm Finance Tagged with: Beppe Grillo, bonds, Draghi, expatriates, Schäuble, Stress Test, Troika, TrojanDonkey, Varoufakis 1 Response »

Russell Lee “Yreka, California. Magazine stand” 1942 • German-Led Bloc Willing to Let Greece Leave Euro: Malta (Bloomberg) • A Lawyer’s Mindset Where An Economist’s Is Needed? (Steve Keen) • Greece Should Not Give In to Germany’s Bullying (Legrain – Foreign Policy) • Tentative Deal For Extension Agreed At Eurogroup (Kathimerini) • The Euro’s Up In Smoke (Beppe Grillo) • Eurozone Chiefs Strike Deal To Extend Greek Bailout For Four Months (Guardian) • Greece Bends To Eurozone Will To Find

Debt Rattle February 20 2015

Feb 202015

February 20, 2015 Posted by Raúl Ilargi Meijer at 12:57 pm Finance Tagged with: austerity, bailout, chocolate, cyclone, Germany, Greece, Lehman, Saudi, Varoufakis 12 Responses »

NPC “Witt-Will motor truck plant, 52 N Street N.E., Washington, DC” 1915 • Greece, Eurozone Close To A Deal Before Friday’s Eurogroup (Reuters) • Greece-Eurozone Positions Move Much Closer after Deputies’ Meeting (MNI) • Why Greece Won’t Ever Be Able to Pay Off Its Debts With Austerity (Bloomberg)

Sucking Beer Out Of The Carpet: Nicole Foss At The Great Debate in Melbourne

Feb 202015

February 20, 2015 Posted by Raúl Ilargi Meijer at 2:21 am Finance Tagged with: complexity, contraction, Melbourne, Nicole Foss, simplify, Sustainable Living Festival 51 Responses »

Sucking Beer Out Of The Carpet: Nicole Foss At The Great Debate in Melbourne

Wyland Stanley Boeing 314 flying boat Honolulu Clipper. 1939 A few days before I arrived in Melbourne, The Automatic Earth’s Nicole Foss was one of the key speakers in The Great Debate, which this year took place on February 13. It’s sort of the main event in Melbourne’s annual Sustainable Living Festival, which in 2015 runs from February 7 to March 1. Apart from Nicole, other speakers included George Monbiot and David Holmgren. In an impressive ‘take no prisoners’ speech,

How Germany Is Blowing Up The European Union

Feb 192015

February 19, 2015 Posted by Raúl Ilargi Meijer at 4:51 pm Finance Tagged with: EU, Germany, Greece, hubris, Steve Keen, Syriza 2 Responses »

How Germany Is Blowing Up The European Union

DPC Snow removal – Ford tractor Washington, DC 1925 As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to show how dramatically austerity has failed in Europe- that is, if the recovery of the Greek and Spanish economies was ever the real target.

Debt Rattle February 19 2015

Feb 192015

February 19, 2015 Posted by Raúl Ilargi Meijer at 1:20 pm Finance Tagged with: extension, Greece, IMF, Marxist, Steve Keen, terrorists, Ukraine, US, Varoufakis 2 Responses »

Russell Lee “Yreka, California, seat of a county rich in mineral deposits” 1942 • The US Will Have To Bail Out Greece (MarketWatch) • Greece – It’s a Revolution, Stupid! (Mathew D. Rose) • Germany Rejects Greece’s Application To Extend Its Loan Agreement (CNBC) • Europe and Greece Are at War Over Nothing (Bloomberg ed.) • How I Became An Erratic Marxist (Yanis Varoufakis) • For Greece And Many Others, Economic Reform Kills Economic Health (Steve Keen) • February 24

Older Entries Newer Entries