NPC Sidney Lust Leader Theater, Washington, DC 1920 • Asian Stocks Sink to Four-Week Low as Yen, Dollar Gain (BBG) • Broker CLSA Sees China Bad-Loan Epidemic With $1 Trillion of Losses (BBG) • China Regulator Tries Again To Rein In Banks’ Shadow Assets (WSJ) • China Produces Most Steel Ever After Price Surge (BBG) • Wages’ Share of US GDP Has Fallen for 46 Years (CH Smith) • Deutsche Chief Economist: ECB Should Change Course Before It Is Too
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Lewis Wickes Hine Boys working in Phoenix American Cob Pipe Factory 1910 • FX Market Truce Looks Increasingly Fragile (BBG) • The ‘Ostrich Approach’ Ignores Real Global and National Debt Figures (SM) • Easy Money Isn’t the Answer for Japan (BBG) • Japan’s Coma Economy Is A Preview For The World (GS) • Eurozone Retail Sales Fall More Than Expected In March (R.) • Kyle Bass Sees 30% To 40% Losses On Chinese Investments (BBG) • Hong Kong Cracks Down
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Jack Delano Myrtle Beach, S.C. Air Service Command Technical Sergeant Choken 1943 • US Dollar Plunges As World Plays Dangerous Game Of Pass The Parcel (AEP) • 90% of Americans Worse Off Today Than in 1970s (VW) • High Anxiety: Markets Get Roiled (WSJ) • China’s Improbable Commodities Frenzy Leaves Stocks in the Dust (BBG) • Commodities Are China’s Hottest New Casino (FT) • China’s $1 Trillion In Bad Debt Makes A Sharp Slowdown Inevitable (BI) • $571 Billion Debt
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DPC French Market, New Orleans 1910 • The EU Exists Only To Become A Superstate (Lawson) • US Dollar Falls To 1-Year Low (BBG) • Yen Under Pressure to Extend World-Beating Rally Against Dollar (BBG) • Kuroda Kollapse Kontinues As USDJPY Nears 105 Handle (ZH) • BOJ Chief Kuroda Warns Current Yen Strength Risks Harming Recovery (BBG) • China Factory Activity Contracts for 14th Straight Month In April (CNBC) • Fed’s Williams Sees Big Drop In Asset Prices As Systemic
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NPC Walker Hill Dairy, Washington, DC 1921 • Japanese Stocks Fall Sharply in the Morning (WSJ) • Asian Economies Stay Sluggish, Stimulus Lacks Traction (R.) • World’s Longest NIRP Experiment Shows Perverse Effects (BBG) • Leaked TTIP Documents Cast Doubt On EU-US Trade Deal (G.) • ‘The Fed Is Afraid Of Its Own Shadow’ (CNBC) • Fed May Need More Powers To Support Securities Firms During Crises: Dudley (R.) • Puerto Rico To Default On Government Development Bank Debt Monday
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George N. Barnard Nashville, Tennessee. Rail yard and depot 1864 • This is The Biggest Fraud In The History Of The World (SHTF) • China’s Debt Reckoning Cannot Be Deferred Indefinitely (Magnus) • The Cult Of Central Banking Is Dead In The Water (Stockman) • The Real Story Behind The US New Home Sales Collapse (Adler) • Recent Rise In Yen ‘Extremely Worrying’: Japan Finance Minister (AFP) • UK ‘Is In The Throes Of A Housing Crisis’ (G.) • No,
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