{"id":594,"date":"2014-10-25T19:40:50","date_gmt":"2014-10-25T23:40:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=594"},"modified":"2014-10-25T19:40:50","modified_gmt":"2014-10-25T23:40:50","slug":"europe-or-the-28-stooges-the-automatic-earth","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=594","title":{"rendered":"Europe, or The 28 Stooges &#8211; The Automatic Earth"},"content":{"rendered":"<p><a href=\"http:\/\/www.theautomaticearth.com\/europe-or-the-28-stooges\/\">Europe, or The 28 Stooges &#8211; The Automatic Earth<\/a>.<\/p>\n<p><center style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; padding: 0px; margin: 0px; border: 0px initial initial;\"><br \/>\n<span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 10px; padding: 0px; margin: 0px; border: 0px initial initial;\">Russell Lee\u00a0<b style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 10px; padding: 0px; margin: 0px; border: 0px initial initial;\">Sharecropper mother teaching children in home, Transylvania, LA.\u00a0<\/b>Jan 1939<br \/>\n<\/span><\/center><\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; text-align: left; padding: 0px; margin: 0px 0px 1.5em 0px; border: 0px initial initial;\">\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; text-align: left; padding: 0px; margin: 0px 0px 1.5em 0px; border: 0px initial initial;\">Europe is fast turning into a freak comedy show. Very fast. Or maybe we should say it\u2019s always been one, and it\u2019s just that the Larry, Curly and Moe moves are only now coming out in droves. Or maybe, what do I know, we\u2019re just starting to understand how much talent for farce and slapstick the boys from Brussels have always had.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; text-align: left; padding: 0px; margin: 0px 0px 1.5em 0px; border: 0px initial initial;\">Just Wednesday, I wrote in\u00a0<a style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; text-decoration: none; color: #528f6c; padding: 0px; margin: 0px; border: 0px initial initial;\" href=\"http:\/\/www.theautomaticearth.com\/40-of-eurozone-banks-are-in-bad-shape\/\" target=\"new\"><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; color: #ff2222; font-weight: bold; padding: 0px; margin: 0px; border: 0px initial initial;\">40% of Eurozone Banks Are In Bad Shape<\/span><\/a>\u00a0about a Reuters report based on Spanish source Efe, that claimed 12 banks would fail the ongoing stress tests, results of which are due this Sunday at 12pm CET (their daylight savings time will be over by then). I noted how the indignation expressed over the leaked data by Brussels seemed odd, since in 2014 everything leaks.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; text-align: left; padding: 0px; margin: 0px 0px 1.5em 0px; border: 0px initial initial;\">Then, I cited Pimco\u2019s global banking specialist, Philippe Bodereau, saying he thought 18 banks would fail, and moreover, almost a third would narrowly pass. Something that according to several sources was important than who actually failed. Because all banks have had many many months to shore up their capital positions, and if they\u2019re now still below or just above the dividing line today, that\u2019s suspect at best.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 13px; text-align: left; padding: 0px; margin: 0px 0px 1.5em 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe, or The 28 Stooges &#8211; The Automatic Earth. Russell Lee\u00a0Sharecropper mother teaching children in home, Transylvania, LA.\u00a0Jan 1939 Europe is fast turning into a freak comedy show. Very fast. Or maybe we should say it\u2019s always been one, and it\u2019s just that the Larry, Curly and Moe moves are only now coming out in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[54,60,281,284,285],"class_list":["post-594","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-failures","tag-bank-stress-tests","tag-europe","tag-european-union","tag-eurozone"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=594"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/594\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}