Mar 162017
 
 March 16, 2017  Posted by at 2:53 pm Finance Tagged with: , , , , , , ,  9 Responses »
Winners are Losers and Left is Right

Marc Riboud Sur les Quais de Paris 1953   The Dutch elections on Wednesday have provided a whole bunch of Orwellian narratives. PM Mark Rutte’s right wing VVD party, actually the ‘business’ -or should we say ‘rent-seekers’ in 2017- party, who lost some 20% of the seats they had obtained in the previous parliamentary election in November 2012, down from 41 to 33 seats, is declared the big winner. While Geert Wilders’ very right wing party, PVV, won 25% more

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Mar 162017
 
 March 16, 2017  Posted by at 9:16 am Finance Tagged with: , , , , , , , , , ,  No Responses »
Debt Rattle March 16 2017

Arthur Rothstein “Quack doctor, Pittsburgh, Pennsylvania” 1938   • Hawaii Judge Halts Trump’s New Travel Ban Before It Can Go Into Effect (R.) • Trump Proposes Historic Cuts Across Government to Fund Defense (BBG) • Janet Yellen Explains Why She Hiked In A 0.9% GDP Quarter (ZH) • Fed Rate Hikes + Low Growth = Recession (MW) • How The Fed Rate Hike Will Impact Millions Of Americans (MW) • How Global Central Banks Have Set Interest Rates Since 2008

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Mar 152017
 
Austerity Kills. And Then Some.

Otto Dix The Triumph of Death 1934   Yes, austerity really kills real people, and it kills the societies they live in. Let’s try and explain this in simple terms. It’s a simple topic after all. Austerity is a mere left-over from faith-based policies derived from shoddy economics, and economics is a shoddy field to begin with. The austerity imposed on and in several countries and their economies after 2008, and the consequences it has had in these economies, cannot

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Mar 152017
 
 March 15, 2017  Posted by at 9:46 am Finance Tagged with: , , , , , , , , ,  No Responses »
Debt Rattle Ides of March 2017

Russell Lee Proprietor of small store in market square, Waco, Texas 1939   • MSNBC’s Non-Story: Trump Made $150 Million, Paid 25% Tax Rate (ZH) • The Most Important Chart To See Before The Dutch Election (Ed Harrison) • Fragmentation Is the Solution, Not the Problem (CHS) • Economists Are Political Actors (Sapir) • One Chart That Captures the Debate Over Quantitative Easing (BBG) • Fed Expected To Raise Rates As US Economy Flexes Muscle (R.) • Britain Is Politically

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Mar 142017
 
 March 14, 2017  Posted by at 9:17 am Finance Tagged with: , , , , , , , , , , ,  1 Response »
Debt Rattle March 14 2017

Arthur Rothstein Family leaving South Dakota drought for Oregon 1936   • Wall Street Buzz Over Trump Gives Shiller Dot-Com Deja Vu (BBG) • This Is The Most Overvalued Stock Market On Record – Even Worse Than 1929 (MW) • Wall Street Has Found Its Next Big Short in US Credit Market: Malls (BBG) • Fed, In Shift, May Move To Faster Pace Of Rate Hikes (R.) • The Mystery of the Treasury’s Disappearing Cash (Stockman) • Countries With National

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Mar 132017
 
 March 13, 2017  Posted by at 5:41 pm Finance Tagged with: , , , , , , , , ,  3 Responses »
Caesar, Turkey and the Ides of March

Vincenzo Camuccini La Morte Di Cesare 1804   I don’t think Holland realized they planned their election on the Ides of March, don’t remember the date or event ever being mentioned when I lived there as a child. That Washington knew what it was doing when back in 2013 it set the end of the latest debt ceiling compromise to March 15 is not likely either. Nor is Janet Yellen deliberately setting the Fed’s ‘next’ rate hike on the date.

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Mar 132017
 
Debt Rattle March 13 2017

DPC The Mammoth Oak at Pass Christian, Mississippi 1900   • The Ides of March Could Be A Critical Turning Point For The Stock Market (MW) • The US As The “Cleanest Dirty Shirt” (Snider) • A Third Of American Families Have ‘Roller Coaster’ Finances (MW) • US Interest Rate Rise To Deepen Developing Countries’ Debt Crisis (G.) • The Issue Is The Leverage And Instability Of The System (Rickards) • Who Bleeds When the Wolves Bite? (CNBC) • When

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Mar 122017
 
 March 12, 2017  Posted by at 9:59 am Finance Tagged with: , , , , , , , , ,  2 Responses »
Debt Rattle March 12 2017

NPC Newsstand with Out-of-Town Papers, Washington DC 1925   • Individual Investors Wade In as Stocks Soar (WSJ) • Stock Market Valuations Are Totally Unprecedented (Felder) • US Subprime Auto Loan Losses At Highest Level Since Financial Crisis (BBG) • US Government Revenues Suffer Biggest Drop Since The Financial Crisis (ZH) • Trump Fires US Attorney Preet Bharara After He Refuses To Quit (ZH) • A Generation of Sociopaths: How the Boomers Betrayed America (MW) • Netherlands Bars Turkish Ministers

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Mar 112017
 
 March 11, 2017  Posted by at 9:38 am Finance Tagged with: , , , , , , , , , ,  4 Responses »
Debt Rattle March 11 2017

Robert Capa Warsaw, Poland 1948   • US Jobs Report Means Fed Rate Hike Is A Bolt-On Certainty (G.) • US Household Wealth Has Never Been Higher Relative To Income (ZH) • Rising Household Debt A Concern Across Asia (TEP) • Sessions Asks 46 Obama-Era US Attorneys To Resign (R.) • Trump’s Revised Travel Ban Dealt First Court Setback (R.) • Trump To Ask Merkel For Advice On Putin, Ukraine (R.) • Nobel Economist Deaton Takes Aim At Rent-Seeking US

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Mar 102017
 
 March 10, 2017  Posted by at 9:47 am Finance Tagged with: , , , , , , , , , ,  1 Response »
Debt Rattle March 10 2017

Marjory Collins “Italian girls watching US Army parade on Mott Street, New York” 1942   • Janet Yellen Is Busy Preparing America For A New Economic Era (G.) • Albert Edwards: Next Week The Fed Will Unleash “A Bond Market Bloodbath” (ZH) • Bill Gross: Don’t Be Fooled By ‘Trump Mirage’ (Forbes) • Why Do Politicians Continue To Push The Zombie Creed Of Austerity? (G.) • New WikiLeaks Reveal Proof Of Slippery Slope Toward Totalitarianism (Kucinich) • Assange Says Leaks

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