St. Maarten seen through the eye of Irma • Irma Devastates The Caribbean (AlJ) • Trump Sides With Democrats On Debt Limit In Rare Bipartisan Deal (R.) • Fed’s Fischer Resigns, Leaving Trump Earlier Chance To Shape Central Bank (R.) • Deutsche Bank Boss Calls On ECB To Halt Cheap Money (R.) • New Leak Of Brexit Papers Reveals Fissures Between Britain And EU (G.) • Consumption Exhaustion (Lebowitz) • China Realizes It Needs Foreign Companies (Balding) • Apple
Read More...
Edward Hopper Summer evening 1947 • Irma Becomes Most Powerful Hurricane Ever Recorded In Atlantic (G.) • Australia: Classic Mortgage Ponzi Finance Model (News) • The World Is Becoming Desperate About Deflation (Katsenelson) • Mario Draghi Is Running Out Of Bonds To Buy (BBG) • Banks Moving Jobs From London Post-Brexit Need To Act Fast – Bundesbank (CNBC) • UK PM May in Double Brexit Trouble (BBG) • Trump: I Will ‘Revisit’ DACA If Congress Can’t Legalize It (CNBC)
Read More...
Irma • The Supernova Nature Of Asset Bubbles (CHS) • Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal (BBG) • China ICO Crackdown May Just Be The Start (R.) • Caribbean, Florida Brace For Hurricane Irma (BBC) • Landlords Demand Rent On Flooded Houston Homes (G.) • Germany Must Pay Poland Up To $1 Trillion In Reparations – Minister (Ind.) • Populist Hopeful Shunned by Italian Elite on Shores of Lake Como (BBG) • China May Be The
Read More...
Detail of a fresco from the House of the Tragic Poet, Pompeii, 2nd century BC About a month ago, I finished reading former Greek finance minister Yanis Varoufakis’ book “Adults in the Room”, subtitled “My Battle With Europe’s Deep Establishment”, and published by The Bodley Head. I started writing about it right away, but noticed I was writing more about my personal ideas and experiences related to Greece than about the book. So I let it rest a bit.
Read More...
Edouard Manet Jeanne Duval, Baudelaire’s Mistress, Reclining (Lady with a Fan) 1862 • How To Make The Financial System Radically Safer (AM) • Funding Battle Looms As Texas Sees Harvey Damage At Up To $180 Billion (R.) • Canadians Are Borrowing Against Real Estate At The Fastest Pace Ever (BD) • China Battles “Impossible Trinity” (Rickards) • Socialism For The Best Of Us, Capitalism For The Rest Of Us (CC) • Britain’s Addicted To Debt And Headed For A
Read More...
Edward Hopper Sunday 1926 • America’s Superstar Companies Are a Drag on Growth (BBG) • Forget Wall Street – Silicon Valley Is The New Political Power In DC (G.) • Google To Be Hit With Record EU Fine Over Claims Of Phone Software Abuse (T.) • North Korea Quake Seems Related To Nuclear Test (BBG) • Bitcoin Tumbles To Pre Korea-Missile-Launch Level After Topping $5000 (ZH) • China Sees New World Order With Oil Benchmark Backed By Gold (ANR)
Read More...
René Magritte Promenades d’Euclid 1955 • Whoever Leads In AI Will Rule The World – Putin (RT) • Deflation Is Already Here – Albert Edwards (ZH) • Fiscal Austerity After The Great Recession Was A Catastrophic Mistake (Coppola) • Ugly Jobs Report: August Payrolls Miss (ZH) • Deciphering The Swamp’s Unemployment Deception (Feierstein) • The Working Class Can’t Afford the American Dream (HowMuch) • Central Banks Must Be Ready With Cash To Calm Brexit Nerves – Bank Lobby (R.)
Read More...
Vincent van Gogh Seine with Pont de Clichy 1887 • Monetary Stimulus: How Much Is Too Much? (Lebowitz) • Yes, You Should Be Concerned With Consumer Debt (Roberts) • Why We’re Doomed: Stagnant Wages (CHS) • US Fuel Shortages From Harvey To Hamper Labor Day Travel (R.) • Wells Fargo Says 3.5 Million Accounts Involved In Scandal (AP) • World’s Biggest Wealth Fund Reveals Bleak View on Global Trade (BBG) • New Math Deals Minnesota’s Pensions the Biggest Hit
Read More...