Oct 152017
 
 October 15, 2017  Posted by at 9:21 am Finance Tagged with: , , , , , , , , , ,  5 Responses »
Debt Rattle October 15 2017

Piet Mondriaan Composition in color A 1917   • Tesla Shareholders: Are You Drunk On Elon Musk’s Kool-Aid? (Lewitt) • ECB Suffers from “Corporate Capture at its Most Extreme” (DQ) • ECB Still Believes In Eventual Inflation, Wage Rise: Draghi (R.) • China Credit Growth Exceeds Estimates Despite Debt Curb Vow (BBG) • PBOC Governor Zhou Says China’s 6.9% Growth ‘May Continue’ (BBG) • In China, The War On Coal Just Got Serious (SMH) • IMF Steering Committee Warns Global

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Oct 142017
 
 October 14, 2017  Posted by at 9:12 am Finance Tagged with: , , , , , , , , ,  2 Responses »
Debt Rattle October 14 2017

Georgia O’Keeffe Manhattan 1932   • Central Bankers Use Moment of Calm to Debate How to Fight the Next Crisis (DJ) • BOJ’s Kuroda Says No Signs Of Excesses Building In Markets (R.) • What Keeps Poor Americans From Moving (Atlantic) • Prepare for a Chinese Maxi-Devaluation (Rickards) • The Cost of Missing the Market Boom Is Skyrocketing (BBG) • Are You Better Off Than You Were 17 Years Ago? (CH Smith) • As Crisis At Kobe Steel Deepens, CEO

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Oct 132017
 
 October 13, 2017  Posted by at 7:45 pm Finance Tagged with: , , , , , , , ,  7 Responses »
The Curious Case of Missing the Market Boom

Rembrandt Old man with a beard 1630   “The Cost of Missing the Market Boom is Skyrocketing”, says a Bloomberg headline today. That must be the scariest headline I’ve seen in quite a while. For starters, it’s misleading, because people who ‘missed’ the boom haven’t lost anything other than virtual wealth, which is also the only thing those who haven’t ‘missed’ it, have acquired. Well, sure, unless they sell their stocks. But a large majority of them won’t, because then

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Oct 132017
 
 October 13, 2017  Posted by at 9:04 am Finance Tagged with: , , , , , , , , ,  3 Responses »
Debt Rattle October 13 2017

Joan Miro Dancer 1925   • The Shoeshine Boy Moment For FANG And Friends (DR) • Valuations Are Expensive (Lance Roberts) • Central Banks Have Effectively Manufactured The World’s Biggest Economy (BBG) • ECB to Consider Cutting QE Purchases in Half Next Year (BBG) • Boeing Passenger Jets Have Falsely Certified Kobe Steel Products (R.) • Kobe Steel Scandal Expands Into Core Business Overseas (BBG) • Distressed Investors Buying Houston Homes for 40 Cents on the Dollar (BBG) • Tesla

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Oct 122017
 
 October 12, 2017  Posted by at 2:26 pm Finance Tagged with: , , , , , , , ,  5 Responses »
Only China Can Restore Stability in The Global Economy

Fan Ho East meets west 1963   For those of you who don’t know Andy Xie, he’s an MIT-educated former IMF economist and was once Morgan Stanley’s chief Asia-Pacific economist. Xie is known for a bearish view of China, and not Beijing’s favorite person. He’s now an ‘independent’ economist based in Shanghai. He gained respect for multiple bubble predictions, including the 1997 Asian crisis and the 2008 US subprime crisis. Andy Xie posted an article in the South China Morning

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Oct 122017
 
 October 12, 2017  Posted by at 8:55 am Finance Tagged with: , , , , , , , , ,  1 Response »
Debt Rattle October 12 2017

Piet Mondriaan Broadway boogie wooogie 1943   • The Bubble Economy Is Set To Burst, US Elections Be The Trigger (Andy Xie) • Fed Divide On Inflation Intensified At September Policy Meeting (R.) • UK Resigned To Endless Productivity Gloom (Tel.) • The World Must Spend $2.7 Trillion on Charging Stations for Tesla to Fly (BBG) • Bullet Train Wheel Parts Made By Kobe Steel Failed Quality Tests (BBG) • General Motors Checking Impact Of Kobe Steel Data Cheating (R.)

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Oct 112017
 
 October 11, 2017  Posted by at 9:05 am Finance Tagged with: , , , , , , , , ,  10 Responses »
Debt Rattle October 11 2017

Georgia O’Keeffe New York night 1929   • Stock Record Ride ‘Has Reached Epic Proportions’ – Morgan Stanley (MW) • Janet Yellen Has Finally Come To Her Senses – Somewhat (Crudele) • Nobel Economist Thaler Says He’s Nervous About Stock Market (BBG) • Catalans Call Time Out on Independence Bid, Seek Spain Talks (BBG) • China Debt-for-Equity Swaps Turn Out More Like Debt-for-Debt (BBG) • Chinese Investors Keep Pouring Money Into Australian Housing (BBG) • Kobe Steel Shares Plunge As

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Oct 102017
 
 October 10, 2017  Posted by at 9:19 am Finance Tagged with: , , , , , , , ,  1 Response »
Debt Rattle October 10 2017

Camille Pissarro Rue Saint-Lazare, Paris 1897   • Britain Can’t Cope With A Fall In House Prices (Ind.) • A Remarkable Run for Stocks Gets More Extraordinary (BBG) • Bill Gross Blames Fed For ‘Fake Markets’ (R.) • ECB’s Knot Warns of Market Correction as Risk May Be Underpriced (BBG) • Catalan President To Declare “Gradual Independence” On Tuesday (ZH) • Dear Catalans – A Message From The Chairman (Ren.) • The Rise and Fall of Emmanuel Macron (Steve Keen)

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Oct 092017
 
 October 9, 2017  Posted by at 2:08 pm Finance Tagged with: , , , , , , , ,  2 Responses »
The S&P Is A Bloated Corpse

Fan Ho In Paris 1953     Update: I never did this before, but now I think I must: change the title of an article. “Minsky and Volatility” isn’t nearly as good as “The S&P Is A Bloated Corpse”. Simple, really. The URL will be the same as before     According to Hyman Minsky, economic stability is not only inevitably followed by instability, it inevitably creates it. Complacent humans being what they are. If he’s right, and would anyone

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Oct 092017
 
 October 9, 2017  Posted by at 9:04 am Finance Tagged with: , , , , , , , , ,  3 Responses »
Debt Rattle October 9 2017

Joan Miro The tilled field 1924   • CEO Stock Buybacks Parasitize the Economy (Ralph Nader) • The Economy Is Humming. Bankers Are Cheering. What Could Go Wrong? (NYT) • Flatliners (NT) • Schäuble: Another Financial Crisis Is Coming Due To Spiraling Global Debt (ZH) • EU Plan To Prevent Bank Runs Could Backfire, Create Panic (BBG) • Hackers And Fraudsters Are Causing Cryptocurrency Chaos (Ind.) • Is This The Geopolitical Shift Of The Century? (OP) • Tensions Rise As

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