Salvador Dalí The persistence of memory 1931 • A Monstrous Bubble – The Destroyer Called Amazon (Stockman) • How The Actual Magic Money Tree Works (G.) • UK Debt Averages £8,000 Per Person – Not Including Mortgages (G.) • Surge In UK Consumer Borrowing Fuels Likely Interest Rate Rise (G.) • Theresa May Faces Snap Election If Defeated By Parliament On Brexit Deal (ES) • Russia Could Hold Congress Of Syrian Peoples In Mid-November (DS) • Europhile Left Deluded
Read More...Salvador Dalí Cadaques 1923 • The Dollar’s Enjoying a Renaissance (BBG) • Biggest Stock Collapse in World History Has No End in Sight (BBG) • China’s Bonds Spell Disaster (BBG) • China’s Debt Battle Has Global Growth at Stake (BBG) • China Corporate Bond Investors’ Luck May Be About to Run Out (BBG) • China Bond Selloff Spreads to Stocks as Deleveraging Risks Mount (BBG) • US Regulator Wants To Loosen Leash On Wells Fargo (R.) • Damning Verdict
Read More...Salvador Dalí The discovery of America by Christopher Columbus 1959 Let’s get one thing straight: Donald Trump is as American as apple pie (even if both are imports). He’s brash and loud and abrasive and entirely focused on money, he’s given to exaggeration, he stretches the truth, he constantly seeks to appear bigger and richer than he really is; he ticks all the boxes of what it is to be American. Trump’s role in US society is that he’s
Read More...Springenberg Luther nails his theses to the church door • Trump Frustrated By Secrecy With JFK Files (AP) • Battle Hymns of the Republicans (G.) • Markets Await Trump’s Decision on Fed Chair (Rickards) • The Informant Cometh (Jim Kunstler) • In 2019, Central Bank Liquidity Finally Turns Negative (ZH) • All Hail British Banks: Self-absorbed, Short-termist And Spivvy (G.) • Sacked Catalonia Leader Calls For Opposition To Madrid’s Rule (R.) • Latin America and Caribbean No Longer US
Read More...Stonehenge 1897 • Spanish PM Dissolves Catalan Parliament And Calls Fresh Elections (G.) • Finland Prepares Parliamentary Vote To Recognize Catalonia (Exp.) • Catalonia Looks To Estonia’s E-Residency, Considers Cryptocurrency (IBT) • EU Economic Failures Are To Blame For Catalonia Mess – Steve Keen (Sp.) • Robert Mueller’s First Charges (Atlantic) • Large U.S. Cities Struggle With High Fixed Costs (BBG) • What You See Is Not What You Get in GDP (WS) • IRS Apologizes For Aggressive Scrutiny
Read More...Salvador Dalí White calm 1936 It’s been a while since we last heard from longtime friend of the Automatic Earth Dr. Nelson Lebo III, New Englander living in Wanganui, New Zealand. Nelson has written a fine collection of articles on this site through the years. Of course I thought, when I first saw this piece in my mailbox, that he would have written about New Zealand’s new prime minister, Labour’s 37-year-young Jacinda Ardern, whose first action in her new
Read More...Salvator Rosa Lucrezia as poetry 1640-41 • The World’s Witnessing A New Gilded Age (G.) • ECB Sees Option for Ending QE With Short Taper in 2018 (BBG) • The Fed Balance Sheet Unwind Myth (Roberts) • Alarm Sounds Over State Of UK High Street As Sales Crash (G.) • 75% of UK MPs Don’t Know Where Money Comes From (CityAM) • China’s Minsky Moment (Muir) • Catalonia’s Leader Rules Out Snap Election, Crisis Deepens (R.) • Catalan Companies
Read More...Salvador Dalí Living still life 1956 • The Current Bond Bull Market Is The Longest In More Than 500 Years (BI) • Get Ready For A ‘Substantial’ Slowdown In The US Economy – Natixis (CNBC) • America is in Worse Financial Shape than Russia or China – Kotlikoff (SMN) • Xi Has Built Chinese Economy On ‘Foundation Of Sand’ – Kyle Bass (BBG) • China US Buying Spree Prompts Move to Toughen Deal Reviews (BBG) • S&P: Britain’s £200
Read More...Jackson Pollock Male and female 1942 • Clinton Campaign, DNC Paid For Research That Led To Russia Dossier (WaPo) • Gold-Backed Petro-Yuan Silliness: Reserve Currency Curse? (Mish) • Do Democrats Really Need Wall Street? (BM) • 4 In 10 Canadians Can Not Cover Basic Expenses Without Adding More Debt (ZH) • Italy Faces Worst Shock In Europe As ECB Prepares To Taper Bond Buys (MW) • Don’t Blame Others For Your Problems, Germany’s Schaeuble Tells Greece (R.) • What
Read More...Bill Brandt After the celebration 1934 • Everything We Think We Know About Chinese Finances is Wrong (Balding) • China’s Greatest Vulnerabilities (ZH) • Ray Dalio Explains Why 3 in 5 Americans Are Struggling (Fortune) • To Understand the Next 10 Years, Study Spain (Krieger) • HSBC Trader’s Conviction Will Rattle $5 Trillion FX Market (BBG) • The Family That Built an Empire of Pain (New Yorker) • America’s Forever Wars (NYT) • China Speeds Ahead Of US As
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