FacebookGoogle+TwitterLinkedinemail M. C. Escher Meeting (Encounter) 1940 It’s no surprise that China has its own plunge protection team -but why were they so late?-, nor that Beijing blames its problems on Trump’s tariffs. GDP growth was disappointing at 6.5%, but who’s ever believed those almost always dead on numbers? It would be way more interesting to know what part of that growth has been based on debt and leverage. But that we don’t get to see. So we turn
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FacebookGoogle+TwitterLinkedinemail Paul Gauguin Horsemen on the beach 1902 • Implosion of Stock Market Double-Bubble in China Hits New Lows (WS) • Trump Trade War Forces Beijing To Retreat From Its Anti-Debt Battle (CNBC) • Italy’s Debt Crisis Thickens (DQ) • Italian Bond Yields Spike To 4-Year Highs As EU Slams New Budget Plan (CNBC) • EU Leaders Ready To Help May Sell Brexit Deal To Parliament (G.) • Tory MP Calls UK Government ‘A Shitshow’ (Ind.) • Greens Surge
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FacebookGoogle+TwitterLinkedinemail Pablo Picasso Glass 1914 • Bondholders Lost Nearly $1 Trillion Since September 26 (CR) • The US Housing Recovery Is Built On Quicksand (MW) • Fed Indicates It’s Staying The Course On Rate Hikes (CNBC) • Trump Is Completely Misguided On Interest Rates (Colombo) • China Not Manipulating Currency But Lacks Transparency – Mnuchin (AFP) • Bank of England Raises Alarm Over Surge In High-Risk Lending (G.) • Theresa May Opens Door To Longer Brexit Transition Period (Ind.)
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FacebookGoogle+TwitterLinkedinemail René Magritte Pandora’s box 1951 They can’t help themselves even as they hurt themselves. Look guys, chill! I saw someone imply on Twitter that Donald Trump is an accomplice in a murder cover-up. This person knows as well as all the ones who liked the tweet that they all just don’t know. They don’t know exactly what Trump knows about the chilling Khashoggi execution. Just like they don’t know exactly what happened in the consulate. Information from anonymous
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FacebookGoogle+TwitterLinkedinemail Georgia O’Keeffe Autumn leaves, Lake George 1924 • Fed Minutes May Unlock Details About Jerome Powell’s Ultimate Plan (Y!) • China May Have $6 Trillion Of Unreported Local Government Debt – S&P (CNBC) • Jamal Khashoggi’s Killing Took Seven Minutes – Turkish Source (MEE) • Sears Didn’t ‘Die.’ Vulture Capitalists Killed It. (Kuttner) • On Theresa May, Danny DeVito and ‘Other People’s Money’ (Pettifor) • Britain Fell For A Neoliberal Con Trick – Even The IMF Says So
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FacebookGoogle+TwitterLinkedinemail M. C. Escher Doric columns 1945 • Yemen On Brink Of ‘World’s Worst Famine In 100 Years’ (G.) • Humanity Is ‘Cutting Down The Tree Of Life’ (G.) • ‘Hyperalarming’ Study Shows Massive Insect Loss (WaPo) • America’s Budget Deficit Jumps By 17% As Spending Surges (CNBC) • More Free Money: A Carry Trade in Liquidity (Mish) • Powell Has Lost His North Star, And The Fed Is Flying Blind (MW) • Facebook Paid £15.8 Million In UK
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FacebookGoogle+TwitterLinkedinemail Paul Gauguin Haymaking in Brittany 1889 • What’s The Point Of Growth If It Creates So Much Misery? (G.) • Don’t Rule Out $400 Oil If The US Sanctions Saudi Arabia (MW) • How Much Damage Can Saudi Arabia Do To The Global Economy? (G.) • Ecuador Partly Restores Assange’s Internet (AAP) • Pages Purged By Facebook Were On Blacklist Promoted By Washington Post (Wsws) • Sears Files For Bankruptcy (CNBC) • The Housing Crisis Will Not Be
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FacebookGoogle+TwitterLinkedinemail René Magritte The song of love 1948 • Companies Buying Their Own Shares Could Fuel The Next Market Rally (CNBC) • Market Crash? Another ‘Red Card’ For The Economy (Lacalle) • 4 Lessons From Iceland On Dealing With A Financial Crisis (WEF) • ‘Crazy’ That Current Account Deficits Are ‘A Sin:’ Singapore Deputy PM (CNBC) • Draghi to Rome: Don’t Expect An ECB Rescue If Budget Talks Fail (CNBC) • Canada ‘Concerned’ About Khashoggi But Will Sell Arms
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FacebookGoogle+TwitterLinkedinemail Pablo Picasso Two naked figures 1908 • 40% Of The American Middle Class Face Poverty In Retirement (CNBC) • One-Third Of Young Americans Too Overweight To Join The Military (AFP) • We Are All In….Again! (Roberts) • American Pastor Freed In Turkey Will Visit White House Saturday (AP/R.) • Saudi Isolation Grows Over Khashoggi Disappearance (G.) • UK ‘Gears Up’ To Target Saudis With Sanctions After Journalist Vanishes (Ind.) • ‘Pressure Will Be On Turkey’ If Saudis Found
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FacebookGoogle+TwitterLinkedinemail Alfred Eisenstaedt Egyptian Fishing Boats. Suez Canal near Port Said 1935 According to Middle East Eye, Richard Branson, Andrew Ross Sorkin, Economist editor-In-chief Zanny Minton Beddoes, World Bank president Jim Yong Kim, New York Times, Financial Times, Uber CEO Dara Khosrowshah, Viacom CEO Bob Bakish and AOL founder Steve Case have all withdrawn from Saudi Arabia’s Future Investment Initiative conference, to be held this month in Riyadh. Branson also put a $1 billion investment plan on hold. Also,
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