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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August Strindberg Alpine Landscape I 1894 • Multiple Contraction : Stock Market Warning Siren is Blaring (WS) • Is The Euro Crisis Really Over? (Lacalle) • US Is The Real Trade Protectionist – China State Media (CNBC) • Fourth Turning: “It’s Going To Be A Rollercoaster Ride” (ZH) • Conspiracy or Chaos? (Jim Quinn) • Forget GDP – There’s More To Britain’s Wealth Than Its Bank Balance (Baggini) • Factory Farming, Antibiotics Use In Asia Creating Global Health Risks
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Vincent van Gogh Still life with bible 1885 • China Takes On State-Owned Firms (Balding) • Trump Warns Xi: Trade War With China Begins Monday (ZH) • The Actual Terrorists (PCR) • How Money Launderers Used Commonwealth Bank of Australia (CNBC) • The Euro Area Is Due for a Reboot. Here’s What Is Being Proposed • Italy’s Midsummer Dream: Shaking Off Sick Man of Europe Label (BBG) • Greece Seen Needing Credit Line To Exit Program (K.) • Stop
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Giorgio de Chirico The Enigma of the Hour 1910 • The Logic of War (Jim Rickards) • Russia Says Bellicose Rhetoric On North Korea Is ‘Over The Top’ (R.) • US ‘Volatility Index’ Spikes To Highest Level Since Election (G.) • Chinese Foreign Real-Estate Spending Plunges 82% (ZH) • Battle of the Behemoths (Jim Kunstler) • US Poised To Become World’s Largest Public-Private Partnership Market (IBT) • The Fed Has 6,200 Tons of Gold in a Manhattan Basement—Or Does
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Jackson Pollock Reflection of the Big Dipper 1947 • It’s Hard to Price an ‘Extinction Event’ Like a North Korea War (BBG) • In Debt We Trust for US Consumers With $12.7 Trillion Burden (BBG) • Tesla Cars Aren’t As Carbon (And Taxpayer) Friendly As You Think (FMS) • Uber Gets Run Over by its Own Subprime Auto Leases (WS) • Amazon Online Grocery Boom? Not So Fast… (WS) • Amazon Paid Just £15 Million In Tax On European
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