Paul Gauguin Farm in Brittany 1894 • Market Euphoria May Turn to Despair If 10-Year Yield Jumps to 3% (BBG) • Forget Stocks, Look At EU Bonds – They Are The Real Problem (Luongo) • The Ticking Time Bomb in the Municipal-Bond Market (Barron’s) • UK Interest-Only Mortgagees Are at Risk of Losing Their Homes • US National Debt Will Jump by $617 Billion in 5 Months (WS) • Trump Urges Congress To Pass $1.5 Trillion In Infrastructure Spending
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Horacio Coppola Obelisco, Buenos Aires 1936 • House Intel Votes To Make “Shocking” FISA Memo Public (ZH) • Trump Administration Holds Off On New Russia Sanctions (R.) • Measure What Is Measurable (John Hussman) • Global Bond Yields Spike as Inflation Fears Rise (Street) • US Mortgage Rates Jump To The Highest Point In 4 Years (CNBC) • Stormy Weather (Jim Kunstler) • Leaked Brexit Report Shows Damage To UK Growth (G.) • Janet Yellen Sets Interest Rates One
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Lucien Hervé The Accuser, Delhi, India 1955 Tomorrow we have the State of the Union. Donald Trump will be gloating from ear to ear, but he’ll be subdued – by his standards. Expect perhaps $1 or even $1.5 trillion in infrastructure spending to be announced, plus an immigration plan that gives Democrats much of what they want in exchange for some of the things Trump wants, as well as more on trade surpluses and deficits. The Democrats will attempt
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Fratelli Alinari Delphi c1920 • German Carmakers Take Another Hit With Diesel Testing on Monkeys, Humans (BBG) • The Risks Facing Global Stocks As Money Printing Comes To An End (BI) • Fire Sale By The Treasury Could Send Shock Waves Through Bond Market (CNBC) • The Donald’s Davos Delusions (David Stockman) • ECB’s Knot Says QE Must End ‘As Soon As Possible’ (BBG) • The ECB And The Euro Are The Only Glue Holding Parts Of Europe Together
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Paul Cezanne Sugar Bowl, Pears and Blue Cup c.1866 • Trump Moving On to Infrastructure Push (BBG) • Stock Market Setting Records In Levitation (Lyons) • Happy Landings (Jim Kunstler) • The Founding Fathers Worst Nightmare Come True (CH) • Illinois Ponders Pension-Fund Moonshot: a $107 Billion Bond Sale • The Dark Side of America’s Rise to Oil Superpower (BV) • Saudi Frees Billionaires Including Alwaleed as Ritz Jail Empties (BBG) • German Minister Urges Fast Passage Of EU
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Grete Stern Bertolt Brecht 1934 • Bankers, Policy Makers at Davos Revel in ‘Sweet Spot’ Economy (BBG) • IMF Chief Warns Trump’s Tax Cuts Could Destabilise Global Economy (G.) • China Set To Lose ‘Emerging Market’ Status As Growth Declines (F.) • This was 1987. Start Rebalancing – David Rosenberg (ZH) • What Could Possibly Go Wrong? (Lance Roberts) • Equity Allocations At Record Highs As Investor Cash Hits All Time Low (ZH) • Japanese Cryptocurrency Exchange Loses $535
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Horacio Coppola Avenida Díaz Vélez al 4800, Buenos Aires 1952 • Mario Draghi Slaps Down Steve Mnuchin Over Dollar Comments (Ind.) • Mueller Almost Done With Obstruction Part of Trump Probe (BBG) • Trump Denies Trying To Fire Mueller (BBC) • Flying Blind, Part 2: The Destruction Of Honest Price Discovery (Stockman) • China Chills (Mauldin) • Dear Elon: Tesla’s Base Is Not the Model S Coalition (Klippenstein) • Tory Civil War Erupts Over Brexit (Ind.) • Seven in
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Grete Stern Sueño No. 27: No destiñe con el agua 1951 • Trump to Tell Davos That ‘America First’ Is Good for Globalism (BBG) • A Weaker Dollar Is Good For The US, Treasury Secretary Mnuchin Says (CNBC) • Careless Whisper: Mnuchin Opens Door To New Era Of Currency Wars (BV) • Trump Team Unleashes Verbal Assault On The Dollar (Pol.) • IMF’s Lagarde Urges Mnuchin to Clarify Remarks on Weak Dollar (BBG) • Trump Supports Immigration Plan With
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Rembrandt van Rijn The Storm on the Sea of Galilee 1633 On March 18, 1990, the painting was stolen by thieves disguised as police officers. They broke into the Isabella Stewart Gardener Museum in Boston, MA, and stole this painting, along with 12 other works. The paintings have never been recovered, and it is considered the biggest art theft in history. The empty frames still hang in their original location. This is an article written by Dr. D,
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Horacio Coppola Florida, Buenos Aires 1936 • Rising Rates and Decelerating Deficits Spell Doom For US Housing -Again (CH) • Global Pension Ponzi – Carillion Collapse One Of Many To Come (GCore) • South Korea Bans Anonymous Cryptocurrency Trading (BI) • South Korea Is Banning All Foreigners From Trading Cryptocurrency (F.) • Mueller Wants To Question Trump On Comey, Flynn Firings (ZH) • Sessions, Comey Questioned By Mueller In Russia Probe (ZH) • Evidence Suggests A Massive Scandal Is
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