Oct 192017
 
 October 19, 2017  Posted by at 8:55 am Finance Tagged with: , , , , , , , ,  9 Responses »
Debt Rattle October 19 2017

Joan Miro The sun embracing the lover 1952   • Don’t Rely on US Consumers to Power Global Growth (DDMB) • Who Has the World’s No. 1 Economy? Not the US (BBG) • Capitalism Is Ending Because It Has Made Itself Obsolete – Varoufakis (Ind.) • Something Wicked This Way Comes: McDonald’s Stock Buybacks (Lebowitz) • $1 Trillion In Liquidity Is Leaving: Market’s First Crash-Test In 10 Years (ZH) • Dollar Funding Shortage Never Went Away And Starts To Get

Read More...
Oct 182017
 
 October 18, 2017  Posted by at 2:26 pm Finance Tagged with: , , , , , , , , ,  3 Responses »
Ray Dalio's Shorting The Entire EU

Salvator Rosa Heroic battle 1652   A point BOE Governor Mark Carney made recently may be the biggest cog in the European Union’s wheel (or is it second biggest? Read on). That is, derivatives clearing. It’s one of the few areas where Brussels stands to lose much more than London, but it’s a big one. And Carney puts a giant question mark behind the EU’s preparedness. Carney Reveals Europe’s Potential Achilles Heel in Brexit Talks Carney explained why Europe’s financial

Read More...
Oct 182017
 
 October 18, 2017  Posted by at 9:14 am Finance Tagged with: , , , , , , , , , ,  1 Response »
Debt Rattle October 18 2017

Marcel Bovis Lovers, Paris 1934   • No, China Isn’t Fixing Its Economic Flaws (BBG) • US Senators Reach Bipartisan Deal On Obamacare, Trump Indicates Support (R.) • Fixing Macroeconomics Will Be Really Hard (BBG) • Carney Reveals Europe’s Potential Achilles Heel in Brexit Talks (ZH) • Money Will Divide Europe After Brexit (R.) • Dalio’s Fund Opens $300 Million Bet Against Italian Energy Firm (BBG) • Boeing’s Attack on Bombardier Backfires (BBG) • The Gig Economy Chews Up And

Read More...
Oct 172017
 
 October 17, 2017  Posted by at 8:40 am Finance Tagged with: , , , , , , , , ,  4 Responses »
Debt Rattle October 17 2017

Rembrandt An Old Scholar Near a Window in a Vaulted Room 1631   • Asset Prices & Monetary Policy in an Irrational World (Whalen) • Central Banks Will Cause An Orgy of Blood (Clarmond) • Global Central Banking Leadership Flux Looms (R.) • Kobe Steel Faked Quality Data For Decades (Nikkei) • China’s Impact on Global Markets is About to Get Much Bigger (BBG) • China’s Banks Are Bingeing on Bonds Despite Debt Crackdown (BBG) • China Has Only Taken

Read More...
Oct 162017
 
 October 16, 2017  Posted by at 2:00 pm Finance Tagged with: , , , , , , , , ,  15 Responses »
Globalization is Poverty

Marc Riboud Zazou, painter of the EIffel Tower 1953   Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy has never been more interconnected than it is today, due mostly to the advance of globalism, neoliberalism and perhaps even more, technology. Ironically, all three of

Read More...
Oct 162017
 
 October 16, 2017  Posted by at 8:55 am Finance Tagged with: , , , , , , , ,  9 Responses »
Debt Rattle October 16 2017

Marc Riboud Street seen from inside antique dealer’s shop, Beijing 1965   • US Equities “At Most Offensive Level Of Overvaluation In History” (BI) • Yellen Doubles Down: “Valuations Are At High Levels Historically” (ZH) • Goldman Sachs: 88% Chance We’re Heading Into A Bear Market (BI) • The Mystery Of Weak Wage Growth (BI) • China Factory Prices Jump As Government Reduces Capacity (BBG) • China’s Mortgage Debt Bubble Raises Spectre Of 2007 US Crisis (SCMP) • Interest-only Loans

Read More...
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

Read More...
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

Read More...
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

Read More...
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

Read More...