William Claxton John Coltrane at the Guggenheim Museum, New York 1960 • Trump Makes First Big Trade Move With Tariffs Aimed At Asia (BBG) • The Shutdown Scam: The GOP Is Now The Second “Government Party” (Stockman) • Blow Back (Jim Kunstler) • IMF Raises Global Growth Forecast, Sees Trump Tax Boost (R.) • IMF: Next Recession Will Come Sooner And Will Be Harder To Fight (EuA) • Rising Interest Payments Matter (NMT) • UK Business Leaders Push For
Read More...
Winslow Homer Mending the nets 1881 Yes, it’s 10 years ago today, on January 22 2008, that Nicole Foss and I published our first article on the Automatic Earth (the first few years on Blogger). And, well, obviously, a lot has happened in those 10 years. For ourselves, we went from living in Ottawa, Canada to doing a lot of touring starting in 2009, to support Nicole’s DVDs and video downloads. We visited Sweden, Slovakia, Czech Republic, Germany, Switzerland,
Read More...
Joan Miró Personnages Rythmiques 1934 • Richest 1% Took 82% Of New Global Wealth Last Year (Ind.) • 42 People Hold Same Wealth As 3.7 Billion Poorest (G.) • Three Charts To Consider Ahead Of Monday’s Post-Government-Shutdown Open (ZH) • Republicans Float Minor Immigration Deal In Bid To End Deadlock (G.) • 20 Senators Support Bipartisan Plan To Reopen Government (ZH) • US Shutdown Exposes ‘Chaotic Political System’ – China News Agency (R.) • FBI “Loses” Five Months Of
Read More...
Francisco Goya The Dog 1819-23 • US Senate In Weekend Bid To End Shutdown Impasse (BBC) • Trump’s Trip To Davos Is Up In The Air Because Of The Shutdown (CNBC) • Republicans Have Four Easy Ways to #ReleaseTheMemo – and the Evidence (GG) • China Orders Banks To Stop Financing Cryptocurrencies (SCMP) • China Urges U.S. to Abandon ‘Cold War’ Mindset (BBG) • Britain’s Tired Old Economy Isn’t Strong Enough For Brexit (G.) • Macron: Bespoke Brexit Deal
Read More...
Vincent van Gogh Lane near Arles 1888 • US Government Shutdown Begins As Spending Bill Fails In Senate (R.) • Trump To Tout US Economy, Urge Fair Trade At Elite Davos Forum (R.) • What Will Rising Mortgage Rates Do to Housing Bubble 2? (WS) • Fever Pitch (Jim Kunstler) • NSA Deleted Surveillance Data Court Had Ordered It To Preserve (Pol.) • Russia Accuses US Of “Carving Out Alternative Government” In Syria (ZH) • Europe Must Wake Up
Read More...
Vincent van Gogh Red Vineyards at Arles 1888 • The Most Sustainable Stock Market Bubble Ever (MW) • Global Debt Growing Three Times Faster than Global Wealth (Schiff) • US House Passes Stopgap Funding Bill and Sends It to Senate (BBG) • Conservatives Bring Russia Probe Demand to Shutdown Talks (BBG) • FISA Memo Set To Rock DC, “End Mueller Investigation” (ZH) • Hackers Have Walked Off With About 14% of Big Digital Currencies (BBG) • Blockchain Eyed for
Read More...
Henry Matisse Bouquet of flowers for July 14 Oct 7 1919 • Japan and Europe Start the Central Bank Reset (BBG) • The Bubble That Could Break the World (Rickards) • South Korea Considers Shutting Down Domestic Cryptocurrency Exchanges (R.) • Trump Reveals Winners Of Controversial ‘Fake News Awards’ (AFP) • Trump Considers Big ‘Fine’ Over China Intellectual Property Theft (R.) • China’s Communists Take More Stakes In Private Companies (BBG) • Apple Expects to Pay $38 Billion Tax
Read More...
Eugene de Salignac Painters suspended on cables of the Brooklyn Bridge Oct 7 1914 • If Bull Market For Stocks Ends In 2018, Blame The Credit Market Bubble (MW) • Dramatic Stock Market Reversal Signals More Volatility Ahead (CNBC) • Bitcoin, Ethereum Suffer Massive Drops, Many Crypto’s Fare Even Worse (CNBC) • South Koreans Sign Petition To Stop Crackdown On Bitcoin ‘Happy Dream’ (CNBC) • ‘Black Swan’ Event Could Threaten China’s Financial Stability (R.) • US and China Brace
Read More...
Jean-Francois Millet The flight into Egypt 1864 • Crytocurrencies Crashing Fast On South Korea Regulation Plans (Ind.) • PBOC Official Says China’s Centralized Cryptocurrency Trade Must End (R.) • China’s Shutdown Of Bitcoin Miners Isn’t Just About Electricity (F.) • China Is Heaping Debt on Its Least Productive Companies (CFR) • Xi Jinping’s Debt Clampdown Has Left a Trail of Dead Projects (BW) • Here’s What Historically Happens to Stocks When Bull Markets End (GoldSilver) • UK’s Carillion Crisis
Read More...
Elliott Erwitt Jack Kerouac 1953 • Nearly 40% May Default On Their Student Loans By 2023 (Brookings) • 3 Years After Currency Shock, Swiss Central Bank Can’t Get Back To Normal (R.) • China Vows to Toughen Rules on $38 Trillion Banking Industry • Bitcoin Not Even In Top 10 Of Crypto World’s Best Performers (AFP) • UK’s Carillion Files for Liquidation After Failing to Get Bailout (BBG) • London Housing Woe Endures as Prices Drop to 2 1/2-Year
Read More...