Harris&Ewing Preparations for inauguration of Woodrow Wilson 1913 • September Is Looking Likelier for Fed’s First Rate Increase (NY Times) • SYRIZA To Hold ‘Emergency’ Congress In September (DW) • China’s Stocks Extend Slump in Worst Monthly Decline Since 2009 • Corporate Giants Sound Profits Alarm Over China Slowdown (FT) • “The Virtuous Emerging Market Cycle Is Turning Vicious” (Albert Edwards) • Italy Is The Most Likely Country To Leave The Euro (WaPo) • The Greek Coup: Liquidity as a
Read More...Harris&Ewing Harding inauguration 1921 • The Great Reset – Act II (Russell Napier) • Treason Charges: What Lurks Behind The Bizarre Allegations (Varoufakis) • This Is A Recipe For A European Civil War (AEP) • The Defeat Of Europe (Yanis Varoufakis) • If Varoufakis Is Charged With Treason, Then Dijsselbloem Should Be As Well (ZH) • In Defence Of Yanis Varoufakis (El-Erian) • Yanis Varoufakis Is Being Pilloried For Doing What Had To Be Done (Legrain) • After Greece, Everyone
Read More...DPC Near Lewiston, Minnesota – The Pulpit. 1899 • Varoufakis Faces Criminal Prosecution Over ‘Plan B’ Currency Plot (Telegraph) • Greek Supreme Court Prosecutor Takes Action Over Varoufakis Affair (Kath.) • One Veteran FX Trader: ‘Greece Is Playing It Correctly’ (Zero Hedge) • Why Greece’s Lenders Need to Suffer (NYT Magazine) • Something Is Rotten In The Eurozone Kingdom (Yanis Varoufakis) • Fed Expected To Push Ahead With Rate Hike Plan (Reuters) • “Fed Rate Hike Would ‘Crush’ US Housing”
Read More...Jack Delano Chicago & North Western Railroad locomotive shops 1942 As the “Varoufakis Files” provide everyone interested in the Greek tragi-comedy with an additional million pages of intriguing fodder -we all really needed that added layer of murky conspiracy, re: the Watergate tapes-, a different question has been playing in my head. Again. That is: Why are economists discussing politics? Why are the now 6 month long Greece vs Troika discussions being conducted by the people who conduct them? All
Read More...John Collier FSA housing project for Martin aircraft workers, Middle RIver, MD 1943 • Weakness in Asia Batters Currencies Abroad (WSJ) • Wealth Doesn’t Trickle Down, It Just Floods Offshore -$32 Trillion (Guardian) • Hong Kong Is Feeling China’s Pain (Bloomberg) • The Good News in China’s Stock Plunge (Pesek) • How Much Worse Can the Junk-Bond Sell-Off Get? (WolfStreet) • The Few Who Won’t Say ‘Sorry’ for Financial Crisis (Ritholtz) • Varoufakis Unplugged: The London Call Transcript (FT) •
Read More...DPC Maumee River waterfront, Toledo, OH 1910 • China Stocks Suffer Biggest One-Day Loss In Eight Years (Reuters) • China Stocks Post Biggest Plunge Since 2007 (Bloomberg) • Varoufakis Reveals Cloak And Dagger Greece ‘Plan B’, Awaits Treason Charges (AEP) • Tsipras Under Pressure Over Covert Syriza Drachma Plan Reports (Reuters) • Greece Rocked By Alleged Secret Plan To Raid Banks For Drachma Return (Guardian) • The Politics of Coercion in Greece (Zoe Konstantopoulou, Speaker) • The Make Believe World
Read More...LoC Old Patent Office model room, Washington DC 1865 There’s always a great irony in anyone at all coming under pressure for doing exactly what they should be doing. Still, it happens a lot. The irony gets that much greater when the party in question is a government, and a much maligned one at that. Of course Syriza had to look into options, possibilities, eventualities if ever the moment might come that Greece had to (were forced to) move beyond
Read More...Jack Delano Jewish stores in Colchester, Connecticut 1940 • The Last Bubble Standing – Amazon’s Same Day Trip Through The Casino (Stockman) • Europe Braces Itself For Revolutionary Leftist Backlash After Greece (Telegraph) • Varoufakis – A New Kind Of Politics? (Paul Tyson) • Varoufakis Claims He Had Approval To Plan Parallel Banking System (Kathimerini) • Greece, The Sacrificial Lamb (Joe Stiglitz) • Depression’s Advocates (J. Bradford DeLong) • The Latest Rising Greek Political Star Who Says No To Austerity
Read More...Harris&Ewing Balancing act, John “Jammie” Reynolds, Washington DC 1917 There’s arguably nothing that’s been more hurtful -in more ways than one- to Greece and its Syriza government over the past six months, than the lack of support from the rest of Europe. And it’s not just the complete lack of support from other governments -that might have been expected-, but more than that the all but complete and deafening silence on the part of individuals and organizations, including political parties.
Read More...Harris&Ewing Calvin Coolidge Inaugural Ball. March 4, Washington DC 1925 • Emerging Market Currencies Fall to Record Low in ‘Violent’ Selloff (Bloomberg) • Emerging Market Currencies Crash On Fed Fears And China Slump (AEP) • China’s Global Ambitions, With Loans and Strings Attached (NY Times) • How China Can Create the $68 Trillion Consumer Economy (Bloomberg) • The Eurasian Big Bang – China, Russia Run Rings Around Washington (Pepe Escobar) • How Tsipras and Syriza Outmaneuvered Merkel and the Eurocrats
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