Read More... Jun 062016
Jun 052016
Unknown General Patrick’s headquarters, City Point, Virginia 1865 • World Faces Pensions Crisis, Warns OECD (Tel.) • The Case For A Super Glass-Steagall (David Stockman) • Payday Loans a Crony Capitalist Target (WSJ) • What Makes this Jobs Report so Truly Ugly (WS) • Americans Not In The Labor Force Soar To Record 94.7 Million (ZH) • Higher Australian Household Debt Mounts To ‘Unsustainable’ Levels (Aus.) • A Guaranteed Income for Every American (WSJ) • Italy And France Are Urging
Read More...Jun 042016
Walker Evans Street Scene, Vicksburg, Mississippi 1936 • The Funniest BLS Jobs Report Ever (Quinn) • US Payrolls Huge Miss: Worst Since September 2010 (ZH) • This Financial Bubble Is 8 Times Bigger Than The 2008 Subprime Crisis (SM) • Lew Says China’s Overcapacity Skewing Markets (BBG) • UBS Tells Clients To Stick With Cash-Bleeding Hedge Funds (BBG) • Schroedinger’s Assets (Coppola) • Homes Should Be Lived In, Not Traded (G.) • EC Wants “Immunity” For EU Technocrats At Greek
Read More...Jun 042016
Ali escorted to jail April 28 1967 “Boxing legend dies”, is what most headlines say. And the news was first reported on sports pages, though it did soon move to frontpages, fast. Muhammad Ali was so much more than a boxing legend. So much more that to mention boxing first doesn’t do him justice. Ali was first and foremost a very brave and intelligent man, who changed America for the better. Or should we say: changed Americans? He grew up
Read More...Jun 032016
Harris&Ewing Happy News Cafe, “restaurant for the unemployed”, Washington, DC 1937 • Bill Gross: Capitalism Doesn’t Work At 0% (CNBC) • Negative-Yielding Sovereign Debt Tops $10 Trillion (WSJ) • Japan’s Sovereign Debt Burden Is Quietly Falling the Most in the World (BBG)
Read More...Jun 022016
Gottscho-Schleisner New York City views. Looking down South Street 1933 • China’s Hard Landing Began Last Year, And It’s Going To Get Worse (SCMP) • China’s Latest Export: Broken Deals (WSJ) • US Construction Spending Collapses – Worst April Since 2009 (ZH) • Banks’ Embrace of Jumbo Mortgages Means Fewer Loans for Blacks, Hispanics (WSJ) • Brexit, Spexit, Grexit and Frexit Could All Collide In June 23 Weekend (MW) • Donald Trump To Visit UK On Day Of EU Referendum
Read More...Jun 012016
Arthur Rothstein Steam shovels on flatcars, Cherokee County, Kansas 1936 • China’s Debt Bubble Bigger Than Subprime Bubble (MW) • Yuan Tumbles As China PMI Miraculously Hugs Flatline (ZH) • Double Blow for China Banks as Fed Worry Meets June Cash Crunch (BBG) • Hong Kong April Retail Sales Fall 7.5%, 14th Straight Month (R.) • Abenomics “Death Cross” Strikes As Japan PMI Plunges To 40-Month Lows (ZH) • Pension Funds Pile on Risk Just to Get a Reasonable Return
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