Dorothea Lange Hoe culture in the South. Poor white, North Carolina July 1936 Nicole Foss recently participated in a live Google Hangouts (not Skype. I’m told) ‘forum’ discussion at the Doomstead Diner site that also included among others, Gail Tverberg, Steve Ludlum, Norman Pagett and Ugo Bardi. Apologies for the fact that I haven’t watched the videos yet and I’m getting the details as I go, so my info will be a bit sketchy. I’ll run this in episodes. Today’s
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John Collier Trucks on highway en route to Utica, New York Oct 1941 • China Stocks Extend Biggest Selloff Since 2008 on Rescue Doubts (Bloomberg) • Beijing Abandons Large-Scale Share Purchases (FT) • If the Options Market Is Right, China’s Stock Rescue Is Doomed (Bloomberg) • China Punishes 197 Over Stock Market And Tianjin ‘Rumours’ (BBC) • Families Of China’s ‘Disappeared’: Country Is Place Of ‘Fear And Panic’ (Guar.) • Two Big Winners From China’s Big Slowdown (Pesek) • Jackson
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Dorothea Lange Farm family fleeing OK drought for CA, car broken down, abandoned Aug 1936 Perhaps Angela Merkel thought we didn’t yet know how full of it she is. Perhaps that’s why she said yesterday with regards to Europe’s refugee crisis that “Everything must move quickly,” only to call an EU meeting a full two weeks later. That announcement show one thing: Merkel doesn’t see this as a crisis. If she did, she would have called for such a meeting
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Russell Lee Hammond Ranch general store, Chicot, Arkansas Jan 1939 • Why We Need To Lie To Ourselves About The State Of The Economy (Satyajit Das) • Fed, ECB, BOE Officials All Say They See Inflation Rising (Bloomberg) • Central Banks Can’t Save Markets From A Crash, And Shouldn’t Try (Guardian) • On Second Thought, China Slowdown Will Hit Global-Growth Outlook (Bloomberg) • How To Make Sense Of China (Elizabeth C. Economy) • China Falters, And The Global Economy Is
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Unknown California State Automobile Association signage 1925 Nicole Foss recently participated in a live Skype ‘forum’ discussion at the Doomstead Diner site that also included, among others, Gail Tverberg, Steve Ludlum, Norman Pagett and Ugo Bardi. Apologies for the fact that I haven’t watched the videos yet and I’m getting the details as I go, so my info may be a bit sketchy. And so is the order the episodes come in here. I understand episode 3 is not even
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Albert Freeman Effect of gasoline shortage in Washington, DC 1942 Nicole Foss recently participated in a live Skype ‘forum’ discussion at the Doomstead Diner site that also included among others, Gail Tverberg and Ugo Bardi. I declined to participate, too many cooks and all that, and seeing how long this thing went on, I have no doubt that was a good decision. Even if my absence obviously reduced the potential charm and entertainment value considerably. I’ll run this in episodes.
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Arthur Rothstein Texas Panhandle Dust Bowl Mar 1936 • Fed Up Investors Yank Cash From Almost Everything Just Like 2008 (Bloomberg) • Everything You’ve Heard About China’s Stock Market Crash Is Wrong (Quartz) • President Xi Had Too Much Riding On China’s Stock Market Boom (Satyajit Das) • Chinese President Xi Jinping Amasses Power, Hits ‘Perfect Storm (CNBC) • The Chinese Bubble (Marco Zanni, M5S in Europe) • There Can Be No Denying China’s Economy Is Slowing Down (Guardian) •
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Dorothea Lange Resettlement project, Bosque Farms, New Mexico Dec 1935 • Real Chinese GDP Growth Is -1.1%, According to Evercore ISI (Zero Hedge) • BofA: China Stock Rout To Resume As Intervention Ends (Bloomberg) • Money Pours Out of Emerging Markets at Rate Unseen Since Lehman (Bloomberg) • What China’s Treasury Liquidation Means: $1 Trillion QE In Reverse (ZH) • Global Equity Funds Witness Biggest-Ever Exodus (CNBC) • PBOC Uses Derivatives to Tame Yuan Fall Expectations (WSJ) • China Local
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Dorothea Lange Arkansas flood refugee family near Memphis, Texas 1937 This is a story I’ve been wanting to write for a while now, at least two full weeks, but haven’t gotten around to because I have my dying mother to attend to. Something I can to an extent approach from a rational point of view, because she has expressed her explicit will to die. But it will of course never be easy, if only because I’ve been close to her
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Arthur Siegel Zoot suit, business district, Detroit, Michigan Feb 1942 • US Stocks Surge, Snapping 6-Day Losing Streak (AP) • Worst Decline In World Trade In 6 Years (RT) • China Meltdown So Large That Losses Eclipsed BRICS Peers, Twice (Bloomberg) • The Stock Market Hasn’t Had a Selloff Like This One in Over 75 Years (BBG) • China’s Workers Abandon The City As Beijing Faces An Economic Storm (Guardian) • China’s Central Bank Won’t Do Beijing’s Dirty Work (Pesek)
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