Pablo Picasso Les femmes d’Alger Version 0 1955 • The Average Stock Is Enormously, Tremendously Overvalued (Katsenelson) • 72% Of US Businesses Are Not Profitable (Simon Black) • UBS Has Some Very Bad News For The Global Economy (ZH) • Fed To Raise Interest Rates, Give More Detail On Balance Sheet Winddown (R.) • EU Plans to Force Relocation of Euro Clearing After Brexit (BBG) • Norway Central Bank Explains How Money Is Created (Norges Bank) • Qatar Spends
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Adam West died last week. This was his phone book listing in Ketchum, ID where he lived. • New Economic Woes Put Theresa May Under Fresh Pressure (Tel.) • EU Threatens Year-Long Delay In Brexit Talks Over UK Negotiating Stance (G.) • Donald Trump’s State Visit To Britain Put On Hold (G.) • It’s The Calm Before A Gigantic, Horrendous Storm: David Stockman (CNBC) • The Risk To The “Bull” Thesis (Roberts) • Big Tech Stocks Under Pressure After
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Mondriaan Amaryllis 1910 • US Weeks Away From A Recession According To Latest Loan Data (ZH) • This Super Bubble Is About to Pop (IM) • Another Spanish Bank about to Bite the Dust (DQ) • “Macron Is Shaping Up As Hyper-Presidency” (BBG) • George Osborne Says Theresa May Is A ‘Dead Woman Walking’ (G.) • Theresa May’s Premiership In Peril As Loose Alliance Agreed With DUP (G.) • UK’s May Isolated Ahead Of Brexit Talks As Key Aides
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Marshall Hirsh Rue de Steinkerque, Paris 1950 • Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017 (ZH) • Central Banks Are Poised to Start Rowing in One Direction Again (BBG) • US Household Net Worth Climbs to Record $94.8 Trillion (WSJ) • Trump Lawyer Doubles Down On Comey Perjury Accusation (ZH) • Britain’s Credit Rating At Risk After General Election Outcome (RT) • Jeremy Corbyn: 1, British Mainstream Media: 0 (McDonald) • Tories turn on
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Labour Campaign Poster 1922 • Trump Accuses Comey Of Lying About Leaked Memo (ZH) • Chris Matthews: “There’s No ‘There’ There” On Trump-Russia ‘Collusion’ (ZH) • Theresa May Has ‘No Intention Of Resigning’ After Losses (BBC) • This Is Where Theresa May’s Arrogance Will Lead Us Next (Ind.) • UK’s Shock Election Result May Hamper Brexit Talks, EU Leaders Warn (G.) • The Myth of “Cash on The Sidelines” (Roberts) • US Household Net Worth Hits Record $95 Trillion…
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Roy Lichtenstein Femme d’Alger 1963 • UK Press Gang Up On Jeremy Corbyn In Election Day Coverage (G.) • US Market Risk Is Highest Since Pre-2008 Crisis – Bill Gross (BBG) • Global Financial System More Leveraged Than 2008 – Paul Singer (BBG) • UK Housing Weakens Further as Market Emits ‘Ominous’ Signals (BBG) • The Cost of Getting It Wrong (Claire Connelly) • The UAE Needs Qatar’s Gas to Keep Dubai’s Lights On (BBG) • Oil Prices Drop
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Olivier Drot Morning in Downtown Athens June 7 2017 • Spring Rally in Stocks, Bonds, Gold and Bitcoin Unnerves Investors (WSJ) • Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover (BBG) • Bars Open Early Tomorrow So People Can Drink While Watching Comey Testify (BI) • Other Times Unemployment Has Been This Low, It Didn’t End Well (WSJ) • UK’s May Says She’d Rip Up Human Rights Law to Beat Terrorists (BBG) • Corbyn: UK Foreign Policy
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Joseph Mallord William Turner Wreckers, Coast of Northumberland 1834 Is it sheer hubris, or is it just incompetence? It’s a question often asked when it comes to politics. And regularly, the answer is both. Still, what the ruling British political class has put on display recently seems to exist in a category all its own. Less than a year go, then-PM David Cameron lost the Brexit referendum that he called himself and was dead sure he would win by
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Pablo Picasso Les femmes d’Alger 1955 • Trump Set To Make First Moves At Completely Revamping The Fed (CNBC) • Trump’s ‘Been Clear To Me’ To Try To Rebuild Russia Ties: Tillerson (R.) • Contractor Charged With Leaking Document About US Election Hacking (R.) • How The Intercept Outed Reality Winner (ErrataS) • China’s Biggest Bank Is Wall Street’s Go-To Shadow Lender (BBG) • One Belt, One Road, and One Debt Hangover (Rickards) • Qatar Stocks Tumble 7% As
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Banksy Girl with a balloon 2002/2017 • Gulf Countries Cut Ties With Qatar, Oil Price Jumps (CNBC/R.) • Saudi Arabia, Egypt, UAE, & Bahrain Cut Ties, Shut Borders With Qatar (ZH) • Theresa May Urged Not To Suppress Report Into Funding Of Jihadi Groups (G.) • Top Cameron Aide: Theresa May ‘Responsible’ For London Terror Attack (BI) • Against Terror, Is London Pride Enough? (NYT) • Nearly 10 Million Britons Are In Insecure Work (G.) • Banksy Offers Free
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