Fenno Jacobs Schoolchildren staging a patriotic demonstration, Southington, CT 1942 • Fresh Recession Will Cause Eurozone Collapse, Warns Credit Suisse (Telegraph) • “If Schengen Disappears, It Will Never Come Back” (BBG) • Earnings Downgrades Turning Into Deluge as First Quarter Craters (BBG) • Negotiating Debt Relief for Greece in the Shadow of the Brexirendum (Howse) • German Demand To Cap Banks’ Sovereign Debt Throws Italy Under The Bus (BBG) • Germany Is The New PiiG (BI) • Europe Without the
Read More...Konstantinos Polychronopoulos On Lesbos (Mytilini) 2016 Monday morning I started to write a -long overdue, I know, and I apologize- article on what’s going on with the Automatic Earth for Athens Fund and with me, still here in Athens. But I was ‘cut short in my tracks’. I found I just couldn’t go on in the vein I was in when I read that on one side of the European continent, refugees and their children were being bulldozed and sprayed
Read More...Christopher Helin Flint auto, Ghirardelli Square, San Francisco 1924 • China To Lay Off 5 To 6 Million Workers (Reuters) • Deflation Defeats Impotent Central Banks (A. Gary Shilling) • Smells Like Subprime (BBG) • China Credit Outlook Cut to Negative by Moody’s (BBG) • China’s Secret Weapon: Used Car Salesmen (FT) • China Reserve Ratio Cut ‘No Signal Of Impending Large-Scale Stimulus’ (Reuters) • Debts Rise At China’s Big Steel Mills, Consumption Falls (Reuters) • Natural Gas Prices Plunge
Read More...NPC “.. the hearty cereal beverage with flavor and tang, Altemus-Hibble truck” 1920 • China Faces $15 Trillion Bombshell As Shadow Banking Sector Collapses (ZH) • China’s Big Lending Push Comes Up Short (WSJ) • China Factory Activity Shrinks More Than Expected (Reuters) • China Attempts To Boost Economy With Cash Injection (Guardian) • Global Companies Face a $9.5 Trillion Debt Wall (BBG) • The Worst Market of All: One Without a Story (WSJ) • Barclays Shares Fall 7.5% In
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