Johannes Vermeer Woman in Blue Reading a Letter 1662-3 • China Is The Greatest Financial Bubble in History (Rickards) • In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt (ZH) • EU Executive To Say Eurozone May Need Treasury, Minister, Budget (R.) • Sterling Dips After Poll Suggests Hung UK Parliament (BBC) • Theresa May Asks Voters To Imagine Jeremy Corbyn ‘Naked And Alone’ (M.) • US Starts Shipping Weapons To Syrian Kurds (ZH) • The Plot To
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Inge Morath Paris 1954 • Australia Hedge Fund Returns Cash To Clients Citing Looming Calamity (SMH) • Hong Kong Throngs of Thousands Defy Bid to Cool Home Market (BBG) • Saudi Foreign Reserves Dip Below $500 Billion in April (BBG)
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Hokusai Views of Mount Fuji: Ejiri in Suruga Province 1831 • Europe “Must Take Its Fate Into Its Own Hands” – Angela Merkel (AFP) • Stocks Won’t Crash Spectacularly but May Zigzag Lower (WS) • The Great Aussie Recession-Free Run Is Looking Shaky – Again (BBG) • Australia Retail Sector Shudders (Aus.) • US Homeowners Are Again Pocketing Cash as They Refinance Properties (WSJ) • The Guardian Mourns Corbyn’s Polling Surge (Cook) • Tories Pledge New Law Over Domestic
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Fred Stein Little Italy New York 1943 • Trump Tells ‘Confidants’ US Will Leave Paris Climate Deal (R.) • New Home Prices Are Over 50% Higher In Canada Than The US (BD) • Low Volatility Is Market’s Most Significant Danger (BBG) • Jeremy Corbyn Within Striking Distance Of No. 10 (Mirror) • Fourth Turning’s Neil Howe: We Are In The 1930s, “Winter Is Coming” (Mauldin) • We’re Dealing With a New Type of War Lie (Swanson) • Private Mercenary
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Herbert Draper Lament for Icarus 1898 There are times when you have to talk about things when it appears most inopportune to do so, because they’re the only times people might listen. Times when people will argue that ‘this is not the right moment’, while in reality it’s the only moment. A solid 99% of people will have been filled, and rightly so of course, with a mixture of disgust, disbelief and infinite sadness when hearing of yet another
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Paul Klee Limits of the Mind 1927 • Global Pension Underfunding To Grow To $400 Trillion Over Next 30 Years (ZH) • UK Retirement Age Could Hit 80 As Pensions Deficit Sets Off Time Bomb (Ind.) • President Trump’s Disastrous Budget Plan (John T. Harvey) • Trump Prepares “War Room”, “Big White House Changes”, Loss Of Twitter (ZH) • Trump’s Allies, Convicted of High Crimes Without a Trial (BBG) • Millennials Want to Buy Homes but Aren’t Saving for
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Henri Matisse Le Bonheur de Vivre 1906 • Trump Directly Scolds NATO Allies, Says They Owe ‘Massive’ Sums (R.) • Trump Joins New-Look G7 Amid Trade, Climate Discord (AFP) • US Appeals Court Refuses To Reinstate Travel Ban (R.) • NSA Under Obama Secretly Spied On Americans For Years (Circa) • UK Labour Party Slashes Tory Lead To Just Five Points In Latest Poll (Ind.) • UK Election Campaign Resumes After Manchester Attack (AFP) • Not A Little List:
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Alfred Buckham Edinburgh c1920 • Toronto Homeowners Are Suddenly in a Rush to Sell (BBG) • $100 Increase In Mortgage Payments Would Sink 75% Of Canadian Homeowners (CBC) • Average Asking Price for Homes in UK Hits Record High of £317,000 (G.) • The Great London Property Squeeze (Minton) • UK Police ‘Stop Passing Information To US’ Over Leaks Of Key Evidence (G.) • The Bubble That Could Break the World (Rickards) • A Bailout Is Coming In China,
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Henri Matisse Nu Blue IV 1952 • China Hit by First Moody’s Downgrade Since 1989 on Debt Risk (BBG) • Chinese Banks Are In Big Trouble (ZH) • American Exceptionalism – Population Growth vs Money Growth (Econimica) • Shiller: Stay In The Market, It ‘Could Go Up 50% From Here’ (CNBC) • German Police Search Daimler Facilities In Dieselgate Probe (DW) • Canada Must Deflate Its Housing Bubble (BBG Ed.) • The Violence of Austerity (OD) • IMF Wants
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Henri Matisse Bathers by a River 1910 • Trump Seeks $3.6 Trillion in Cuts to Reshape Government (BBG) • The US Economy Has Left 10s Of Millions Of Forgotten Americans Behind (Snyder) • UK General Election Campaigning Suspended After Manchester Attack (G.) • US Healthcare Industry Blames Trump And GOP For Obamacare Rate Hikes (F.) • China Pushes Public to Accept GMO as Syngenta Takeover Nears (BBG) • China Spins a Global Food Web From Mozambique to Missouri (BBG)
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