Bill Watterson is God • He Died For Our Debts, Not Our Sins – Michael Hudson (Ren.) • Bitcoin Tumbles Below $13,000, Down Almost 40% From Record Peak (BBG) • Crypto Carnage Continues, Bitcoin Falls Back To $13,000 Handle (ZH) • Gold Only Safe Asset Left – David Stockman (USAW) • What Will the Tax Law Do to Over-Indebted Corporate America? (WS) • Subprime Auto Defaults Are Soaring, and Private Equity Has No Way Out (BBG) • The Ghost
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Claude Monet Houses of Parliament (Sun Breaking through the Fog) 1904 • Trump Plans Tax Bill Signing on January 3 Due to Technical Issue (BBG) • Why Wall Street Is Furious At The Trump Tax Plan (ZH) • Peak Valuations and Market Corrections (Rosso) • Silicon Valley Homes Going For Nearly $2 Million Over Asking Price (ZH) • Bitcoin Is Biggest Bubble Of Them All, And It’s The Fed’s Fault – Ron Paul (CNBC) • Uber Loses EU Court
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Claude Monet Houses of Parliament, Sunset 1904 • Bitcoin Plunges Over $2,500, Bounces Back Somewhat, Bitcoin Cash Surges (MW) • Coinbase Enables -Then Disables- Bitcoin Cash Trading: Insider Trading? (BI) • From Bitcoin To Hashgraph: The Crypto Revolution (Mike Maloney) • Is It 1999? 2007? Or Both? (Roberts) • China Is Having Second Thoughts About Cracking Down On Ballooning Debt (CNBC) • EU Commission May Launch Moves To Punish Poland Over Legal Reforms (R.) • Facebook’s New Nemesis Is
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Edwin Rosskam Store in alley-dwelling section of Washington, DC 1941 • China’s Growth Story… Don’t Look For A Happy Ending! (Hamilton) • One Of The Co-Founders Of Bitcoin.com Has Sold All Of His Bitcoin (BI) • Germany Backs French-Led Push for Global Bitcoin Regulation (BBG) • The EU’s Top Court Will Decide Whether Or Not Uber Is A Taxi Company (BBG) • UK Cannot Have A Special Brexit Deal For The City – EU (G.) • Bad Moon: (Trouble)
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Russell Lee Sign Along the Road Near Capulin New Mexico 1939 • Bitcoin Futures Crash Over $2000 From Open (ZH) • Bitcoin’s Illiquidity Is Going To Be A Huge Problem (BI) • Japan Exports Boom, But Inflation Not Following Script (R.) • China Should Let Its Migrant Workers Roam Free (Pettis) • Desperate UK Homeowners Are Cutting Prices – Zoopla (G.) • UK Banks Tell May: A Canada-Style Brexit Deal Is Not Good Enough (G.) • Why Business Could
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Russell Lee Shasta Dam under construction. Shasta County, California 1942 • Zombie Corporations: 10% Of Global Companies Depend On Cheap Money (Mish) • America’s Inequality Machine Is Sending the Dow Soaring (BBG) • “Dark Money” Runs the World (Nomi Prins) • ‘There’s No Life Here’: A Journey Into Britain’s Precarious Future (O.) • Brexit: Britons Now Back Remain Over Leave By 10 Points (Ind.) • Call Off Brexit Bullies Or Face Defeat, Conservative Peers Tell May (G.) • Metlife
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Tamara de Lempicka The refugees 1937 Note: I feel kind of sorry this has become such a long essay. But I still left out so much. You know by now I care a lot about Greece, and it’s high time for another look, and another update, and another chance for people to understand what is happening to the country, and why. To understand that hardly any of it is because the Greeks had so much debt and all of
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Ann Rosener Salvage. Chicago automobile graveyard. 1942 • A Journey Through A Land Of Extreme Poverty: Welcome To America (G.) • The Chart That Jeffrey Gundlach Calls “Must Watch” For 2018 (ZH) • Ignorance Is No Excuse (Roberts) • Uber Stole Trade Secrets, Bribed Foreign Officials And Spied On Rivals (G._ • While Truth Puts On Its Shoes (W.Standard) • Taking Liberty (Jim Kunstler) • France, Germany To Unveil Eurozone Reforms In March (AFP) • EU To Force Firms
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Gustave Courbet The bathers 1853 • Central Banks Want World To Party On As They Remove Punch Bowl (BBG) • This Is What Happened To The American Dream – It’s Not Pretty (MW) • The Rude Awakening Of Slumbering Bulls (Roberts) • MiFID’s Cautious Start on Bond-Price Rules Shows Lobbying Impact (BBG) • Why American Capitalism Doesn’t Work For All Americans – Deaton (MW) • Europe’s Sovereign-Bank ‘Doom Loop’ Can’t Be Broken (BBG) • Jim Chanos: We Think Tesla
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Joseph Mallord William Turner Norham Castle, Sunrise 1845 • Fed Boosts Benchmark Rate For Third Time This Year (AP) • PBOC Raises Borrowing Costs In Surprise Move Following Fed Hike (BBG) • European Bond-Buying ‘Tsunami’ Is Set to Fade as ECB Tapers (BBG) • Risk May Be Low But Uncertainty Just Hit Record Highs (ZH) • Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers (WS) • These Guys Want to Lend You Money Against Your Bitcoin (BBG) •
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