Before you raise your voice, please allow me to say that I do indeed know this starts to feel like a set of Russian dolls, and this is a re-run of a re-run. It’s just, I didn’t start it. Got a mail yesterday from the people at OpEdNews.com asking if I would allow them to repost something I wrote over a year ago. And since I’m notoriously bad at remembering anything I wrote even just 24 hours ago, when I
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Jack Delano AT&SF Railroad locomotive shops, San Bernardino, CA 1943 • Iron Ore Goes From Boom To Bust In Just Three Weeks (BBG) • With $100 Billion In Debt, Glencore Emerges As The Next Lehman (ZH) • China Bubble Set To Rock Global Markets (CNBC) • The Biggest Source Of Global Growth In 2016 Is About To Hit A Brick Wall (ZH) • Middle Class Shrinks In 9 Of 10 American Cities As Incomes Fall (AP) • Congressman X: ‘Screw
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DPC Betsy Ross house, Philadelphia. Birthplace of Old Glory 1900 • The Next US President Will Face A Recession (BBG) • America’s Middle Class Meltdown (FT) • ‘Fed Doesn’t Get It About Global Excess Supply’ (MW) • The New Kings Of Wall Street (Forbes) • Italy Must Choose Between The Euro And Its Own Economic Survival (AEP) • Hong Kong Property Market in Free Fall: Kyle Bass (BBG) • China Eyes $724 Billion Of Transport Investment Over Next Three Years
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Irving Underhill Irving Trust Building, Trinity Church, Wall Street, New York 1931 Last night, I made it back to Athens, still half a cripple, but there must be someone in this city who knows how to stick needles in the appropriate muscles, right?!, paid the rent for the Social Kitchen big house/nerve center late this morning, a tough 1 mile walk for my leg muscles -they kill me!-, still, that’s done, and hoping to get back to writing articles very
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Jack Delano Engineer at AT&SF railroad yard, Clovis, NM 1943 • ‘Miracle’ Needed To Save The World, Because Central Banks Can’t (SMH) • “Anonymous Voice” Signals Big Policy Change In China (ZH) • The Triggers For A New Financial Crisis (Das) • US: Neglected Nation (FT) • Big Oil Abandons $2.5 Billion in US Arctic Drilling Rights (BBG) • Germany Posts Record Current-Account Surplus (BBG) • Germany is the Eurozone’s Biggest Problem (Wolf) • London Is Building More Offices Than
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Alfred Palmer Women as engine mechanics, Douglas Aircraft, Long Beach, CA 1942 • The World’s Most Extreme Speculative Mania Unravels in China (BBG) • Iron Ore, Rebar Crash Into Bear Market (ZH) • A Debt Bust Looms For China (Economist) • The Cold, Hard Facts Raining on China’s Commodity Parade (BBG) • In Historic -150% Net Short, Carl Icahn Bets on Imminent Market Collapse (ZH) • Trump Says US Will Never Default Because It Prints the Money (WSJ) • Zombies-To-Be
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NPC “Melvin Jones, 5, who pierced heart with scissors” Washington DC 1925 Well, I guess I’m going to have to write this some time, even if I don’t really like to. Here goes. I haven’t written an original article in 8 weeks or so now, and there’s a reason for that. That is, two days after I flew from Athens to Amsterdam mid-March, I got myself a -for lack of a better term- nasty injury. And I have no idea
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DPC Broad Street lunch carts, New York 1906 • Iron Ore in Free Fall (BBG) • Dollar Jump Catches Traders Short in One More Currency Calamity (BBG) • China Stocks Plunge Again As Hopes For Economic Recovery Fade (R.) • China Continues to Prop Up Ailing Factories, Adding to Global Glut (WSJ) • Government Policies Make China Prone To Asset Bubbles (Balding) • Even China’s Party Mouthpiece Is Warning About Debt (BBG) • Saudi Aramco Plans London Listing But Doubts
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DPC Peanut stand, New York 1900 • Saudi Arabia’s Oil ‘Maestro’ Exits As Young Prince Flexes Muscles • Saudi Shake-Up Rolls On With Big Reshuffle Of Economic Posts (R.) • Canada Fire ‘Out Of Control,’ Doubles In Size (AFP) • 70,000 Fort McMurray Foreign Workers May Have To Leave Canada (AFP) • China April Exports, Imports Decline More Than Expected (R.) • Britain Braced For A Ban On Second Homes (DM) • The TTIPing Point: German Protests Threaten Trade Deal
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George N. Barnard Federal picket post near Atlanta, Georgia 1864 • World Corporate Debt Far Exceeds Pre-Lehman Financial Bubble (IBT) • Warnings Mount On World’s Corporate Debt, China Crisis (AEP) • US Consumer Borrowing Increases at Fastest Pace Since 2001 (BBG) • Trump Dips Toe Into Delicate US Debt Discussion (R.) • China Commodities Selloff Deepens, Steel Has Worst Week Since 2009 (R.) • UK Stores Post Steepest Sales Decline Since Financial Crisis (BBG) • When Wall Street and Washington
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