Joan Miro The tilled field 1924 • CEO Stock Buybacks Parasitize the Economy (Ralph Nader) • The Economy Is Humming. Bankers Are Cheering. What Could Go Wrong? (NYT) • Flatliners (NT) • Schäuble: Another Financial Crisis Is Coming Due To Spiraling Global Debt (ZH) • EU Plan To Prevent Bank Runs Could Backfire, Create Panic (BBG) • Hackers And Fraudsters Are Causing Cryptocurrency Chaos (Ind.) • Is This The Geopolitical Shift Of The Century? (OP) • Tensions Rise As
Read More...
Fred Lyon Barbary Coast 1950 A friend sent me a post from the DiEM25 website last week, entitled Critique of DiEM25 policy on immigrants and refugees. DiEM25 is a pan-European political movement of which former Greek finance minister Yanis Varoufakis is a co-founder. I started writing some lines as a response to my friend. Then it became a bit more. Wouldn’t you know… And then it was a whole article. So here’s my comments to it first, and then
Read More...
Georgia O’Keeffe Street of New York II 1926 • Bleak Legacy Of The Greek Crisis (K.) • The Truth Is Catching Up With Tesla (WSJ) • DOD, HUD Defrauded US Taxpayers Of $21 Trillion From 1998 To 2015 (MPN) • 1.34 Million Chinese Officials Have Been Punished For Graft Since 2013 (R.) • The Coming Pension Storm May Be The End Of Europe As We Know It (Mauldin) • Uncle Sam’s Unfunded Promises (Mauldin) • How I Learnt To
Read More...
Vincent van Gogh Landscape at twilight 1890 • BLS Caught Fabricating Wage Data (ZH) • Tropical Storm Nate Heads Into The Heart Of US Offshore Oil Industry (CNBC) • It’s ‘Crunch Time’ For Australian Households (BI) • JPMorgan Paid Fine for 2008 Mortgage Crisis With .. Phony Mortgages (N.) • EU Official Warns War a Possibility in Catalonia (VoA) • Spain Apologizes, Tone Softens In Catalonia Independence Crisis (R.) • OECD New Approaches to Economic Challenges (Steve Keen) •
Read More...
Jean Renoir Les Grands Boulevards 1875 • China’s Economic Boom Is About To Be Cut Short By Peak Oil (Ahmed) • A Volatility Trap Is Inflating Market Bubbles (BBG) • China Is In ‘Lock-down’ Ahead Of Its Most Important Meeting In Years (CNBC) • Bitcoin’s Rise Happened in Shadows of Finance. Now Banks Want In (BBG) • HSBC Traders Used Code Words to Trigger Front-Running (BBG) • US Rounds On Britain Over Food Quotas As Post-Brexit Trade Woes Deepen
Read More...
Juan Gris Guitar on a chair 1913 • S&P 500 Poised To Lose $10 Trillion In Value (Pal.) • The Sum of All Fears: China Shadow Banking Hits $40 Trillion (DT) • EU Parliament Defends ‘Proportionate Force’ in Catalonia (RT) • Catalonia Chaos Begins to Squeeze Spain’s Financial Markets (DQ) • ECB To Banks: Set Aside More Cash For Bad Debt Amid €1 Trillion Problem (G.) • Investors Are Too Inured to Markets’ Repeated Records (DDMB) • Puerto Rico’s
Read More...
Pablo Picasso Vue de Notre-Dame de Paris 1945 • Why Greece Took The Fall For A European Banking Crisis (Ren.) • The Fed is a Slave to the S&P 500 (Albert Edwards) • Trump Gets Final List Of Fed Candidates, Yellen Gets The Cold Shoulder (ZH) • Trump Says Puerto Rico’s Debt Will Have To Be Wiped Out (BBG) • White House To Request $29 Billion For Hurricane Relief (R.) • White House: A Tax Plan That Doesn’t Add
Read More...
Fan Ho Obsession 1964 • Who Will Be There To Buy When Everyone Wants To Sell? – Howard Marks (FuW) • The Pricing of Risk is Kaput (WS) • Art Cashin: “I’ve Never Seen Anything Like Today’s Market Before” (ZH) • What You Are Not Being Told About The Economy – Steve Keen (RT) • An Accountant Smells a Rat in Our Global Credit Bubble (WS) • 26 Recession-Free Years Hide a Darker Picture for Australia (BBG) > •
Read More...
Claude Monet Boulevard des Capucines 1873 • Catalans Signal They May Declare Independence Within a Week (BBG) • Catalan Referendum Results Show 90% In Favour Of Independence (G.) • Catalan Independence Referendum Is A Smokescreen For Other Issues (Ind.) • Global Retirement Reality: A $400 Trillion Shortfall (Mauldin) • Hedge Funds Are ‘Dancing On The Rim Of A Volcano’ (BI) • CDO Redux: Credit Spreads & Financial Fraud (Whalen) • No, Trump Didn’t Botch the Puerto Rico Crisis (BBG)
Read More...
Catalunya October 1 2017 I’ve seen a lot of videos and photos of the Catalonia attempt to hold a referendum today (Tyler has a “nice” series of them), and what struck me most of all, apart from the senseless violence police forces were seen to engage in, is the lack of violence on the side of protesters. So when I see the Interior Ministry claim that 11 policemen were injured, That is hard to take serious. Not that the
Read More...