Byron Street haberdashery, New York 1900 • US Puts China, Japan on New Watch List for FX Practices (BBG) • US Chides Five Economic Powers Over Policies (WSJ) • UK Consumers Borrow At Fastest Rate In Over A Decade (R.) • Apple Stock Suffers Worst Week Since 2013 (R.) • Chinese Cities Dive Back Into Debt To Fuel Growth Even As Defaults Rise (R.) • China’s Stocks, Bonds, Yuan Are a Triple Losing Bet This Month (BBG) • Hong Kong
Read More...
Harris&Ewing Treasury Building, Fifteenth Street, Washington, DC 1918 • Asia’s Two Biggest Stock Markets Have Become An $11 Trillion Headache (BBG) • Japan’s Abenomics ‘Dead In The Water’ After US Currency Warnings (AEP) • Debt Is Growing Faster Than Cash Flow By The Most On Record (ZH) • The Typical American Couple Has Only $5,000 Saved For Retirement (MW) • US Corporate Profits on Pace for Third Straight Decline (WSJ) • Dollar Drops to 11-Month Low as Asian Stocks Fall;
Read More...
G. G. Bain Goose Creek, houses on the water, Jamaica Bay, Long Island 1910 • The European Union Always Was A CIA Project (AEP) • Yen Surges, Nikkei Plunges As BOJ Keeps Policy Steady (CNBC) • Japan Consumer Prices Fall At Fastest Pace In 3 Years (R.) • America’s Earnings Recession Just Got Worse (CNN) • America’s Trade Deficit Begins at Home (Roach) • China Trades Enough Cotton in One Day to Make Jeans for Everyone (BBG) • IMF Warns
Read More...
G. G. Bain Navy dirigible, Long Island 1915 • Apple Just Wiped Out $40 Billion In Value (BI) • Rotten Apple: Stock Plunges 8% On Earnings, Revenue Miss (CNBC) • Apple China Sales Drop 26% (CNBC) • Alarm Over Corporate America’s Debt And Stalled Earnings (Authers) • Weak US Factory, Consumer Confidence Data Cloud Growth Outlook (R.) • Once Bustling Trade Ports in Asia and Europe Lose Steam (WSJ) • Exxon Mobil Downgrade Leaves Just Two AAA-Rated Companies In The
Read More...
Harris&Ewing Inauguration of air mail service, Washington, DC 1918 • Japan Government Weighs Shopping Vouchers, Promotions To Boost Consumption (R.) • How Long Can the Bank of Japan Wait on Easing? (WSJ) • China Clamps Down On Commodities Frenzy (FT) • Goldman Says China’s Iron Speculation ‘Concerns Us the Most’ (BBG) • “China Is Hoarding Crude At The Fastest Pace On Record” (ZH) • China Expected To See $538 Billion Capital Exodus In 2016 (R.) • Obama Says TTiP Should
Read More...
Mathew Brady Three captured Confederate soldiers, Gettysburg, PA 1863 • The Revenge Of Globalisation’s Losers (Münchau) • Obama and Merkel Unite Over TTiP (FT) • China Debt Load Reaches Record High As Risk To Economy Mounts (FT) • China’s Fresh Boom Nears Peak Just As Amateurs Pile In (AEP) • Warnings Flash for China’s Red-Hot Steel Market on 47% Surge (BBG) • China’s Steel Mill Margins Surge to 7-Year High on Boom (BBG) • Draghi’s Growth and Inflation Conundrum Will
Read More...
NPC Shad fishing on the Potomac 1920 • China’s Commodity Futures Bubble Insanity (ZH) • Where Have All Britain’s Shoppers Gone? (Observer)
Read More...
Alfred Palmer New B-25 bomber at Kansas City plant of North American Aviation 1942 • Albert Edwards: Central Bankers Lead Us On The Road To Perdition (ZH) • America’s Wealth Effect From Rising Home Prices Has Been Cut in Half (BBG) • China’s Great Ball of Money Is Rushing Into Commodities Futures (BBG) • Ex-BOJ Economist Suggests Tax to Make Japan Inc. Spend Their Cash (BBG) • US Oil Megaprojects Dreamed Up a Decade Ago Thrive Amid Price Slump (BBG)
Read More...
Harris&Ewing Less taxes, more jobs, US Chamber of Commerce campaign 1939 • US Middle Class Flees The Stock Market (ZH) • China Markets Send Ominous Signals as Global Stocks Rally (BBG) • China Seizes Biggest Share Of Global Exports In Almost 50 Years (R.) • China Risks Global ‘Steel War’ As Tempers Flare (AEP) • Yen Falls By Most In 7 Weeks As BOJ Considers Negative-Rate Loans (BBG) • Draghi Defies German Disfavor With Claim ECB Stimulus Works (BBG) •
Read More...
G.G. Bain ‘Casino Theater playing musical ‘The Little Whopper’, NY 1920 • America’s Upcoming National Crisis: Pensions (ZH) • The Secret Shame of Middle-Class Americans (Atlantic) • Soros: China Looks Like the US Before the Crisis (BBG) • China’s ‘Zombie’ Steel Mills Fire Up Furnaces, Worsen Global Glut (R.) • China Wants Ships To Use Faster Arctic Route Opened By Global Warming (R.) • Japan, Not Germany, Leads World in Negative-Yield Bonds (BBG) • ECB Slides Down Further Into ZIRP
Read More...