The Automatic Earth

Debt Rattle June 21 2017

Jun 212017

June 21, 2017 Posted by Raúl Ilargi Meijer at 9:51 am Finance Tagged with: Brazil, Brexit, EU, Greece, Iran, ISIS, recession, refugees, Russia, sanctions, Snowden, Syria, Tillerson 4 Responses »

Fred Lyon Post&Powell Union Square San Francisco 1947 • 100% Chance of Recession Within 7 Months? (DR) • The Secret Source of Eternal Australian Growth (Steve Keen) • We Need A Public Inquiry Into The Economics Profession (Pettifor) • Where Are The Empty Homes In Kensington? (Whoownsengland) • Security…or Surveillance? Ron Paul Edward Snowden Interview (TAM) • Brazil Police Claim To Have Evidence President Temer Received Bribes (G.) • House Republicans Block Russia Sanctions Bill (ZH) • We Are

Debt Rattle June 20 2017

Jun 202017

June 20, 2017 Posted by Raúl Ilargi Meijer at 10:03 am Finance Tagged with: Amazon, Barclays, Brexit, inequality, Russia, single payer, Syria, Whole Foods, Yellowstone 4 Responses »

Pablo Picasso Dans l’atelier 1954 • Putin: US Routinely Meddles In Russian And Other Elections (Zuesse) • Russia To Consider US Planes In Syria As ‘Targets’ (News.AU) • Absent Without Leave (Jim Kunstler) • Barclays and Four Executives Charged With Fraud In Qatar Case (BBC) • Two-Thirds Of Europeans Believe EU Should Take Hard Line On Brexit (G.) • Britiain’s Carmakers Face Brexit Cliff Edge (BBC) • UK Property Owners’ £2.3 Trillion Windfall ‘Created Huge Inequality Gap’ (G.) •

Debt Rattle June 19 2017

Jun 192017

June 19, 2017 Posted by Raúl Ilargi Meijer at 9:45 am Finance Tagged with: Australia, Brexit, EU, Greece, liquidity, Macron, Mueller, Russia, sanctions, Trump, vouchers 7 Responses »

Kandinsky Capricious Line 1924 • Britain’s Brexit jam is Brussels’ Too (Pol.eu) • EU Leaders Fear Fragile State Of Tories Will Lead To Brutal Brexit (G.) • Pain Without Gain: The Truth About British Austerity (G.) • France Gives Macron Big Majority With Little Enthusiasm (EUO) • German Politicians Hammer the ECB, But Only to Get Votes (DQ) • Central Bank Liquidity Is The ‘IV Drip’ Of The Rally (CNBC) • Mueller Has “Not Yet” Decided Whether To Investigate

Coming Apart: The Imperial City At The Brink

Jun 182017

June 18, 2017 Posted by Raúl Ilargi Meijer at 1:00 pm Finance Tagged with: Alastair Crooke, Civil War, destruction, disrupt, elites, empire, fragility, Rome, Trump, Washington DC 6 Responses »

Coming Apart: The Imperial City At The Brink

Thomas Cole Destruction of Empire 1836 The Conflicts Forum, directed by former British diplomat and MI6 ‘ranking figure’ Alastair Crooke, sent me another unpublished article by Alastair and asked if the Automatic Earth would publish it. But of course. Previous articles by Alastair published here are: ‘End of Growth’ Sparks Wide Discontent in October 2016, Obstacles to Trump’s ‘Growth’ Plans in November 2016 and What is this ‘Crisis’ of Modernity? in January 2017. Here’s Alastair again: Alastair

Debt Rattle June 18 2017

Jun 182017

June 18, 2017 Posted by Raúl Ilargi Meijer at 9:39 am Finance Tagged with: abuse, Brexit, crisis, debt bubble, Greece, hubris, inequality, Macron, May, metastability, refugees 1 Response »

Fred Lyon Land’s End San Francisco 1953 • Global Inequality Much Worse Than Previously Thought (Ind.) • The US Is Where the Rich Are the Richest (BBG) • UK Wealth Gap Rises As Home Ownership Falls (G.) • UK Debt Bubble Returns Millions To Days Of 2008 Crash (G.) • Macron Set To Dynamite Parties That Have Dominated For Half A Century (AFP) • Secret Plot To Oust Theresa May If She Fails To Deliver ‘Hard’ Brexit (Tel.) •

Debt Rattle June 17 2017

Jun 172017

June 17, 2017 Posted by Raúl Ilargi Meijer at 9:51 am Finance Tagged with: Amazon, bonds, contagion, debt, fog, immunity, implant, Mueller, populism, squeeze, Yanis 3 Responses »

Fred Lyon Broadway and Kearny Street, North Beach, San Francisco 1952 • All Hell Is Going To Break Loose In The Bond Market (SBA) • The Fog of Markets (720G) • 10 Years After Global Financial Crisis, World Still Suffers Debt Overhang (SMH) • Amazon, the Death of Brick & Mortar, Buys into Brick & Mortar (WS) • Special Prosecutor Mueller Is a Political Hack (Washington) • Fear of Contagion Feeds the Italian Banking Crisis (DQ) • China’s Smaller

Debt Rattle June 16 2017

Jun 162017

June 16, 2017 Posted by Raúl Ilargi Meijer at 10:02 am Finance Tagged with: bailout, Brexit, Comey, debt relief, EU, Greece, May, Putin, refugees, Russia, Trump, water 17 Responses »

Pablo Picasso Dora Maar au chat 1941 • ‘It’s A ‘Scary’ Time With A Global Crisis On The Way’ (CNBC) • Angry Trump Decries Being Target Of Russia Probe (AFP) • Putin Comey Comment ‘Remark On Circus-like Russia Nonsense Gripping US’ (RT) • Theresa May Is Now Almost As Unpopular As Pre-Campaign Corbyn (YouGov) • UK Student Loan Debt Soars To More Than £100 Billion (G.) • UK Gov Still Hasn’t Submitted Brexit Papers For Talks Starting Monday (Ind.)

Debt Rattle June 15 2017

Jun 152017

June 15, 2017 Posted by Raúl Ilargi Meijer at 9:59 am Finance Tagged with: colony, Fed, Greece, Mueller, Pentagon, Qatar, Russia, sanctions, Schäuble, Trump, Yellen 7 Responses »

Francisco de Goya Saturn Devouring His Son 1819–1823 • Fed Raises Rates, Unveils Balance Sheet Cuts In Sign Of Confidence (R.) • The Fed Is Flying Blind (BBG) • Peak Economic Delusion Signals Coming Crisis (Smith) • When the Fed Tightens, It Leads to Financial “Events (Phoenix) • Senate Overwhelmingly Approves New Sanctions To “Punish” Russia (ZH) • What If The Russia Russia Russia Story Was Nothing? (HotAir) • Pentagon Agrees To Sell $12 Billion In F-15s To Qatar

Debt Rattle June 14 2017

Jun 142017

June 14, 2017 Posted by Raúl Ilargi Meijer at 9:34 am Finance Tagged with: defaults, Dodd-Frank, Lesbos, public pensions, refugees, Rome, Russia, Schaeuble, Trump, UK, vote 17 Responses »

Fred Lyon San Francisco cable car turnaround 1946 • A Record 60% Of Americans Disapprove Of President Trump (ZH) • Age Is The New Dividing Line In British Politics (YouGov) • UK Low Income Families Forced To Walk ‘Relentless Financial Tightrope’ (G.) • Gundlach Says DC Establishment Wants to ‘Wait Trump Out’ (BBG) • Trump Administration Welshes on “Repeal Dodd Frank” Promise (NC) • Tillerson Says Allies Pleading With US To ‘Improve Russia Relations’ (RT) • Are Public Pensions

Debt Rattle June 13 2017

Jun 132017

June 13, 2017 Posted by Raúl Ilargi Meijer at 9:55 am Finance Tagged with: cows, derivatives, Greece, Lesbos, overvalued, profitable, Qatar, QE, seed bank, stocks 1 Response »

Pablo Picasso Les femmes d’Alger Version 0 1955 • The Average Stock Is Enormously, Tremendously Overvalued (Katsenelson) • 72% Of US Businesses Are Not Profitable (Simon Black) • UBS Has Some Very Bad News For The Global Economy (ZH) • Fed To Raise Interest Rates, Give More Detail On Balance Sheet Winddown (R.) • EU Plans to Force Relocation of Euro Clearing After Brexit (BBG) • Norway Central Bank Explains How Money Is Created (Norges Bank) • Qatar Spends