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Tag Archives: bloomberg
Faith in Central Banks Dwindles
Faith in Central Banks Dwindles Even Bloomberg Notices that Something is Amiss As anyone who hasn’t been in a coma knows, assorted central bank interventions have failed to achieve their stated goals over the past several years. A recent article at Bloomberg focuses on their failure to reach their “inflation” targets. Of course, this particular failure is […]
“Liars Loans” are Back…but with a Twist
“Liars Loans” are Back…but with a Twist Most of you will be intimately familiar with the roll “liars loans” played in last decade’s financial crisis. In a nutshell, these were loans in which the borrower was encouraged to lie about his or her income in order to qualify for a mortgage they couldn’t actually handle. […]
Parts of California Have Sunk Over a Foot in Eight Months Due to Drought
Parts of California Have Sunk Over a Foot in Eight Months Due to Drought California Dreamin’ this is not. Sounds pretty freakin’ terrifying actually. From Bloomberg: Land in California’s central valley agricultural region sank more than a foot in just eight months in some places as residents and farmers pump more and more groundwater amid a […]
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico Shell Oil has announced it may take a page out of the BP “Beyond Petroleum” greenwashing book, rebranding itself as something other than an oil company for its United States-based unit. Marvin Odum, director of Shell Oil’s upstream subsidiary companies in the Americas, told Bloomberg the name Shell […]
The Biggest Issue Now Is “The Math”
The Biggest Issue Now Is “The Math” Some quick pre-market observations from Bloomberg’s Richard Breslow Just Don’t Nip Out for a Haircut The Greek citizenry voted and the handicappers got it very wrong. The result of the vote was called much earlier than anyone expected. It wasn’t close. Much was made last week of the […]
I Fear The Greeks, Even When They Bring Gifts
I Fear The Greeks, Even When They Bring Gifts Just another normal morning at the Automatic Earth. Shaking off the local drink – when in Rome.. – and perusing a thousand views and pieces, many on the inevitable topic of ‘Da Referendum’. And I got to say, I can’t even tell whether it’s just me, […]
The American Consumer Will Never Be Back
The American Consumer Will Never Be Back That title may be a bit much, granted, because never is a very long time. I might instead have said “The American Consumer Won’t Be Back For A Very Long Time”. Still, I simply don’t see any time in the future that would see Americans start spending again […]
The American Story Is A Mystery Only to Economists
The American Story Is A Mystery Only to Economists I think I should accept that I will never in my life cease to be amazed at the capacity of the human being to spin a story to his/her own preferences, rather than take it simply for what it is. Your run of the mill journalist […]
Ukraine, Neocons and Neonazis
Ukraine, Neocons and Neonazis See, by now you would think that anyone who reads that all 31 US banks that were tested have passed the Fed stress test, knows this says absolutely nothing about the banks, but all the more about the test. You would think. But the media try – and succeed – to […]
How Bloomberg’s Algo-Writers Serve The Cult Of Keynesian Central Banking | David Stockman’s Contra Corner
How Bloomberg’s Algo-Writers Serve The Cult Of Keynesian Central Banking | David Stockman’s Contra Corner. If you ever needed proof that the financial press has been completely indoctrinated in the cult of Keynesian central banking consider the attached Bloomberg note on the recent tiny decline in Chinese industrial company profits. Without breaking for anything more than a comma, its hapless […]
