Inge Morath Street Corner at World’s End London 1954 Over the summer I introduced a two-fold assertion: 1) global economic growth is over (and has been for years and won’t come back for many more years) and 2) the end of growth marks the end of all centralization, including globalization. You can read all about these themes in “Globalization Is Dead, But The Idea Is Not” and “Why There is Trump” There are also extensive quotes of the second
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NPC Oldsmobile Golden Rocket 88 Holiday Sedan for 1957, Columbus GA 1908 • Financial Crises: 1987, 1997, 2007, 2017?! (BBG) • Government Debt Isn’t The Biggest Threat To Australia’s Credit Rating (G.) • Britain’s Leading Banks Set To Pull Out Of UK Early Next Year (G.) • AT&T To Buy Time Warner In Deal Trump Says ‘Destroys Democracy’ (G.) • Hillary Has ‘Nothing To Say’ About Email Revealing $12 Million Quid Pro Quo (DM) • Obama Warned of Rigged Elections
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NPC Fire at S. Kanns warehouse, Washington, DC 1908 • Why Corporate America’s Debt Is a ‘Major Risk’ (BBG) • Ignoring the Debt Problem (Volcker/Peterson) • Bank of England Says Authorities Mustn’t Fine Banks Because Groaf (Bill Black) • Think Canada is a Progressive Paradise? That’s Mooseshit (G.) • No, Hillary, 17 US Intel Agencies Did Not Say Russia Hacked Dem E-mails (NR) • Rigged Elections Are An American Tradition (Paul Craig Roberts) • EU Parliament Chief, Canada Minister In
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Pamir, Last Commercial Sailing Ship To Round Cape Horn 1949 We have written little on the topic of energy lately, other than related to oil prices going up and down, empty OPEC ‘promises’ to cut oil production, and the incredible debt load threatening to crush US -and Canadian- unconventional oil and gas. It’s a logical outcome of focusing more on finance than energy, because we feel the former has a shorter timeline than the latter. Something that harks back
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Lewis Wickes Hine Game of craps. Cincinnati, Ohio 1908 NICOLE FOSS is the keynote speaker tonight, October 21, at the Community Solutions Conference McGregor Hall, Antioch College Yellow Springs, Ohio 7.30 pm • Dollar Near 7-Month High As Euro Slides, Asia Slips (R.) • Another Thing Trump, Hillary Get Wrong In This Election: The National Debt (F.) • Trump’s Candidacy – the Good and the Bad of It (Stockman) • China Property Prices Rise At Fastest
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Thomas Eakins Walt Whitman 1891 • Fed Risks Repeating Lehman Blunder As US Recession Storm Gathers (AEP) • ECB Urges EU To Curb Virtual Money On Fear Of Losing Control (R.) • Saudi Arabia’s Bond: a Defining Trade for 2016 (WSJ) • How do Clinton and Trump’s Tax Plans Compare? (TF) • Trump is a Pink Elephant (Scott Adams) • California Launches Criminal Probe Into Wells Fargo Account Scandal (R.) • Who’s Powering the War on Cash? (DQ) • The
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NPC KKK parade on Pennsylvania Avenue, Washington DC 1925 • The Curious Case Of China’s Remarkably Consistent Economic Growth (CNBC) • China Home Sales Value Rose 61% in September From Year Earlier (BBG) • Australians Ignore A Crisis Bigger Than Brexit: Chinese Debt (SMH) • America the Beautiful Bankrupt (MD White) • The Debt Trap Is Global (Mike Maloney) • France Burns Coal Like It’s 1984 as Prices Jump on Atomic Woes (BBG) • Legal Case for Brexit Is Surprisingly
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Russell Lee Hollywood, California. Used car lot. 1942 • US Bondholders Risk a $1.1 Trillion Hit if Rates Spike (BBG) • US First Home Buyers Even More Leveraged Than During Housing Bubble (MW) • China’s Bad Credit (Balding) • Foreigners Shun Gilts On Hard Brexit Talk, As Hallowe’en Verdict Awaits (AEP) • The Cashless Society Is a Creepy Fantasy (BBG) • Greece in 2050: A Country For Old Men (Kath.) • Judge Rejects Riot Charges For Journalist Amy Goodman On
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Harris&Ewing Ninth Street N.W., Washington, DC 1915 • Dangerous Idiots: The Liberal Media Elite and Working-Class Americans (Smarsh) • If You Think Donald Is Bad, Imagine Donald Trump 2.0 (Carr) • Big Central Bank Assets Jump Fastest in 5 Years to $21 Trillion (BBG) • Euro ‘House Of Cards’ To Collapse, Warns ECB Prophet (AEP) • Let The Pound Fall and The Economy Rise (G.) • Europe’s Dramatic Fulcrum Point: Only Precedent Is 1930s (Hugh Hendry) • 43% of Britons
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‘Papa says they won’t hurt us’ • RBS ‘Dash For Cash’ Scandal: 500 Firms Suing Bank Turn On Regulator (Herald) • Scrambled Brexit Communications Worry UK Bankers (BBG) • Fresh British Veg ‘Could Be Wiped Out By Brexit’ (Sky) • Athens Protests Victoria Nuland Statement On Treaty Of Lausanne (Kath.) • Trump’s Refusal To Accept Intelligence Briefing On Russia Stuns Experts (WaPo) • Russia Slams ‘Unprecedented’ US Threats Over Cyber Attacks (AFP) • Builder-in-Chief: Erdogan’s Real-Estate Dream Drifts to
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