Harris&Ewing Painless Dentist, Washington, DC 1918 • Nervy Global Investors Revisit 1930s Playbook (R.) • Fed Warns of Commercial Real Estate Bubble (BBG) • Federal Reserve Says US Stocks Have Gotten Expensive (MW) • Amsterdam Housing Market Is Overheating (BBG) • ECB Balance Sheet Hits Record High -With Stocks At 18-Month Lows- (ZH) • Some 66 Million Americans Have ‘Zero’ Emergency Savings (MW) • Increase In Refugees Reaching Aegean Islands Fuels Concern (Kath.) Not a bad article, but it is
Read More...NPC District National Bank, Dupont branch, Washington, DC 1924 • The Big Guns Are Out: Soros, Rothschild Warn Of Brexit Doom (ZH) • When Brexit Has Come And Gone, The Real Problems Will Remain (ZH) • IMF Calls On Japan To ‘Reload’ Abenomics (Nikkei) • India’s Rockstar Central Banker Defeated As Modi Revolution Stalls (AEP) • Yellen Makes ‘Uncertainty’ New Mantra (R.) • “Whatever It Takes” Wasn’t Enough (Noland) • The World’s Newest “Reserve” Currency Is Anything But (Balding) •
Read More...Harris&Ewing Car exterior. Washington & Old Dominion R.R. 1930 • IMF Calls For Overhaul Of Abenomics (R.) • The Economy Is Not What It Seems (Roberts) • Asking Prices For Homes In England And Wales Rise To Record High (G.) • City of London Fears Brexit Will End Golden Age (BBG) • Brexit Is The Best Outcome (Gambles) • Brexit – The End of the Universe (Rose) • The Progressive Argument For Leaving The EU Is Not Being Heard (G.)
Read More...DPC White Star liner S.S. Olympic, sister ship of Titanic, NY 1911 The reason the Brexit debate has gotten so out of hand is nobody understands what it’s about. The Brexit campaigns have started anew in the UK, and from what I’ve seen here from left field barely a thing has changed since the murder of MP Jo Cox. Neither side has any qualms about using her death to make their respective points. The main, and perhaps only real, point
Read More...Harris&Ewing Car interior. Washington & Old Dominion R.R. 1930 • Tracing The Global Market Thread That Could Be Unraveled By Brexit (R.) • Britain’s Rival EU Campaigns Restart (R.) • Hogs to Slaughter (HFarmer) • The Dumbest Monetary Experimental End Game In History (Bohm-Bawerk) • A Palace For Fannie (Mae) – Why The Imperial City Must Be Sacked (Stockman) • Over $50 Million Hacked Dashes Hopes in the World of Virtual Currency (NYT) • Assange Starts 5th Year Cooped In
Read More...Harris&Ewing F Street N.W., Washington, DC 1918 • Stocks Slump Most In 4 Months As Global Financial Stress Nears 5-Year Highs (ZH) • The Fed And Other Central Banks Have Lost Their Magic Powers (Das) • ECB Closes Ranks With Bank Of England To Avert Brexit Crunch (AEP) • Canada’s Housing ‘Affordability Crisis’ Fueled By Overseas Money: Trudeau (G.) • Rio State Declares ‘Public Calamity’ Over Finances Weeks Before Olympics (BBC) • Japan: A Future of Stagnation (CH Smith) •
Read More...Unknown Dutch Gap, Virginia. Bomb-proof quarters of Major Strong 1864 • Stocks, Sterling Surge After British MP’s Death (ZH) • ’I’d Risk Life And Limb For My Babies’: Jo Cox (G.) • There’s A New Kind Of Housing Crisis in America (MW) • US Housing Bubble 2.0: Shadow Demand vs Shelter-Buyer Fundamentals (Hanson) • America’s Dying Shopping Malls Have Billions in Debt Coming Due (BBG) • Sell The Stocks, Sell The Bonds, Get Out Of The Casino: Stockman (Fox) •
Read More...Arthur Rothstein Bank that failed. Kansas 1936 • Brexit Is The Only Way The Working Class Can Change Anything (G.) • It’s Time To Call Time On The EU Experiment (Steve Keen) • Osborne’s ‘Punishment Budget’ Is Economic Vandalism (AEP) • JPMorgan CIO: Brexit “Hardly The Stuff Of Economic Calamity” (ZH) • Brexit: Which Banks Will Be Hit Hardest (WSJ) • Yellen Says Forces Holding Down Rates May Be Long Lasting, New Normal (BBG) • Yellen Says Brexit Vote Influenced
Read More...Lewis Wickes Hine Workers stringing beans in J.S. Farrand Packing Co, Baltimore 1920 • A Lost Decade? We Should Be So Lucky (Das) • NY Pension Fund Posts 0.19% Return In Fiscal Year (WGRZ) • The Typical American Couple Has Only $5,000 Saved For Retirement (MW) • Borrowing From ECB Shows Where Banks Are Most Vulnerable (BBG) • How Low Can Bond Yields Go? Lower (ZH) • China Devalues Yuan To Weakest Since Jan 2011 (ZH) • China Stocks Denied
Read More...G. G. Bain Metropolitan Opera baritone Giuseppe De Luca, New York 1920 • Donald Tusk: Brexit Could Destroy Western Political Civilisation (BBC) • Dutch PM Says He’s ‘Totally Against Referendums’ (EuA) • ECB Says Oil-Price Slump Not the Global Boon It Might Have Been (BBG) • What American Consumers Owe Uncle Sam (BBG) • There’s a Seismic Change Coming to Money Markets (BBG) • Silicon Valley’s Audacious Plan to Create a New Stock Exchange (BBG) • How China Tamed Stocks
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