William Merritt Chase Back Of A Nude 1888 • Banks Earn Record Profits in Q2, Savers Sacrificed: FDIC (WS) • The Silent Crisis in US Housing Finance (Whalen) • The New Economic Science Of Capitalism’s Slow-Burn Energy Collapse (Ahmed) • Switch to Renewables Won’t End the Geopolitics of Energy (BBG) • No U.S.-Russia Cyber Unit Without Trump Notifying Congress (R.) • The Imperial Collapse Clock Ticks Closer to Midnight (Krieger) • The Confederate General Who Was Erased (Dailey) •
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Pierre Bonnard Nude in an Interior c1935 • Periods Of Re-Pricing Are Usually Quick And Brutal (Roberts) • US House Price Bubbles 2.0 (Hanson) • QE Is Like Heroin, Says Former UK Treasury Official (G.) • UK Credit Card Lending Booms As Real Wages Fall (Ind.) • Cash is Not The Curse (Mark GB) • US Gross National Debt to Spike by $800 Billion in October? (WS) • Why Peter Costello Is Not Even Half Right On Housing (ND)
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Elliott Erwitt Waiting for a Streetcar in Downtown Pittsburgh 1950 • Ron Paul: 50% Stock Market Plunge ‘Conceivable,’ But Not Trump’s Fault (CNBC) • Zombies Propped Up As China’s Debt Swaps Surpass $100 Billion (BBG) • China’s Plunge Protection Team Claims “State Meddling” Stabilizes Markets (ZH) • House Of Cards: Lending Culture Is Leaving Australians Vulnerable (Abc) • Diesel Scandal Is A Risk To German Economy, Says Ministry (R.) • Britain and EU Clash Over Brexit Timetable for Trade
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Stanley Kubrick Shoe shine boys New York 1947 • What Happens When Credit Spreads Finally Rise (ZH) • Don’t Forget About The Red Swan (Stockman) • Ricardo’s Vice and the Virtues of Industrial Diversity (Steve Keen) • Utilitarian Economics and the Corruption of Conservatism (Philip Pilkington) • ‘The Housing Industry Is In A Time Of Major Transformation’ (AFR) • Hard Brexit ‘Offers £135 Billion Annual Boost’ To UK Economy (BBC) • Donald Trump Finally Comes Out of the Closet
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Fred Stein Man in pushcart, New York 1944 • We’re Racing Towards Another Private Debt Crisis (Graeber) • China Moves To Curb Overseas Acquisitions As Firms’ Debt Levels Rise (G.) • Wells Fargo Troubles Shift From Phony Bank Accounts To Real Ones (R.) • Total Eclipse (Jim Kunstler) • A House Divided Against Itself Cannot Stand (Paul Craig Roberts) • The Truth Will Not Be Googled (Connelly) • Greek Pensioners Set For Another Blow (K.) • The Super Gangs
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Edward S. Curtis Slow Bull Dakota Sioux Medicine Man In Prayer 1907 • Never Doubt Regression To The Mean (Rosso) • The Stock Market Bubble is So Big Even the Fed’s Talking About It (Phoenix) • Ice-Nine: The Plan To Freeze The Financial System (Rickards) • Neoliberalism: The Idea That Changed The World (G.) • So When Will China’s Debt Bubble Finally Blow Up? (WS) • Charlene Chu Lays Out China’s “Doomsday” Scenario (ZH) • China’s New Problem: Frenzy
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Laura Gilpin The Rio Grande 1947 • The ‘Wall Of Worry’ That Stocks Have Climbed To Rally 271% Since 2009 (MW) • Global Negative-Yielding Debt Surges To Highest Since October (ZH) • The Fed Is Asking Questions, Not Providing Answers (BBG) • Fed Starts to Wonder If Cornerstone Inflation Model Still Works (BBG) • Goldman Sachs Is Infiltrating The Fed In Ways Most People Haven’t Noticed (BI) • Chinese Takeovers Of US Companies Plummet This Year (CNBC) • The
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Fred Stein Hydrant, New York 1947 • The Greatest Crisis In World History Is About To Be Unleashed (von Greyerz) • After 100 Months of Buying The Dips – Peak Crazy (Stockman) • China Has Got To Fix Its Debt Problem, IMF Says (CNBC) • China Money Supply Growth Slips Again as Leverage Crunch Goes On (BBG) • UK Risks ‘Losing Its Place As Property-Owning Democracy’ • The New American Dream: Rent Your Home From A Hedge Fund (Black)
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Salvador Dali Madrid. Drunk man 1922 Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his role as self-appointed crusader against cash, but apparently he’s not done yet. In fact, he might just be getting started. This time around he sounds like a crossover between George Orwell and Franz Kafka, with a serving of ‘theater of the absurd’ on top. Rogoff wants to give central banks total control over your lives. They
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Stanley Kubrick Walking the streets of New York 1946 • Prepare For Negative Interest Rates In The Next Recession – Rogoff (Tel.) • We’re Still Not Ready for the Next Banking Crisis (BBG) • World’s Biggest Banks Face £264 Billion Bill For Poor Conduct (G.) • US Stock Buybacks Are Plunging (BBG) • Consumer Spending Expectations Down Again (Mish) • Dow 30,000, Not If Demographics Have Anything To Say (SA) • Ten Years After The Crash, There’s Barely Suppressed
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