Frank Larson Broadway Billboard Seven Year Itch 1955 • Global Dividends Hit Record Of $1.25 Trillion In 2017, More To Come (R.) • Jittery US Bond Market Braces For Supply Wave (R.) • How Did America Go Bankrupt? Slowly At First, Then All At Once (CH) • London’s Housing Boom Is Over, Rightmove Says (BBG) • Average Price Of Newly Marketed UK Home Rises Above £300,000 Again (G.) • Ex-CIA Director Thinks US Hypocrisy About Election Meddling Is Hilarious
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Jerome Liebling Butterfly Boy, Harlem, New York City 1949 • US Tax Cuts, Repatriated Cash Used For Record Stock Buybacks (ZH) • VIX Products Were Extremely Ill-Designed (Eric Peters) • Until There Are Facts On Election Meddling, It’s All Just Blather – Lavrov (RT) • Apocalypse Now For Britain’s Retailers As Low Wages And The Web Cause Ruin (G.) • UK Will Need ‘Thousands’ More Customs Officers After Brexit (R.) • The Big PFI Heist: How Big Banks Launched
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Gilles Mostaert Sodom and Gomorrah 1597 • Kudlow: Trump Needs A Return To ‘King Dollar’ (CNBC) • The Stock Market’s $3 Trillion Trauma (BBG) • Why Today’s Low Financial Stress Should Stress You Out (Colombo) • US Government Is Nowhere Close To Regulating Bitcoin (CNBC) • Banks Told They’re Lagging On Response To Climate Change Risks (BBG) • Monsanto Loses Bid To Stop Arkansas Ban On Weed Killer Dicamba (R.) • Yet Another Year of Magical Thinking (Jim Kunstler)
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Paul Gauguin Yellow haystacks (Golden harvest) 1889 • US Market Gurus Who Predicted Selloff Say Current Calm An Illusion (R.) • There Will Be No Economic Boom (Roberts) • T-Bills Flood Set to Put Upward Pressure on Short-Term Funding Costs (BBG) • “Financial Stress” Spikes – Just As The Fed Intends (WS) • Hedge Fund King Dalio Bets Big Against Europe (BBG) • Everybody’s Already Invested, So Who’s The Buyer? (ZH) • Donald Trump’s Dangerous Currency Game (Spiegel) •
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Grete Stern Sueño No. 1: Artículos eléctricos para el hogar 1949 • Global Debt Crisis II Cometh (Goldcore) • The % Puzzle Coming Together (Northman) • Trump Surprises Democrats, Supports 25 Cent Federal Gas Tax Hike (ZH) • Household Debt Is China’s Latest Time Bomb (BBG) • China’s Currency Policy May Be Facing a New Chapter (BBG) • Angela Merkel Pays a Steep Price to Stay in Power (BBG) • Meth, the Forgotten Killer, Is Back in America. And
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Times Square, New York 1954 • The Payback Date For Today’s Economic Recovery Is Getting Closer (WEF/PS) • Big Reset Looms for Corporate Credit Market (WS) • Record $23 Billion Flees World’s Largest ETF (BBG) • Wednesday Could Be a Huge Day for the VIX (BBG) • Europe Has a $1 Trillion Bad-Loan Problem (BBG) • Draghi Faces Impossible Task To Weaken The Euro; He Might Not Even Try (CNBC) • Greek Bond Yields Keep Increasing (K.) • Britons
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Frank Larson Chrysler reflection, 42nd Street near 5th Ave, New York 1950s Update: Dutch Foreign Minister Halbe Zijlstra resigned at 5pm local time, before the parliamentary debate could take place. But that still leaves Rutte in place with his own version of “when it gets serious, you have to lie”. There will be a parliamentary debate in Holland (the Netherlands) today about abject lies about Russia and Vladimir Putin that its Foreign Minister, Halbe Zijlstra, has been
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Camille Corot Study for “The Destruction of Sodom” 1843 • We Are Sitting On A “Full Tank Of Gas” (Roberts) • ‘Whistleblower’ Alleges VIX Manipulation, Urges Regulatory Probe (R.) • How A 5% Mortgage Rate Would Roil The US Housing Market (CNBC) • Interest-Only Loan Cash Flow Crunch Sparks Fears Of Fire Sales (AFR) • These Bonds Should Make ECB Hawks Apoplectic With Rage (BBG) • China Real Estate Under Pressure (BBG) • Greece Rocked By Claims Drug Giant
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Camille Corot The Burning of Sodom (formerly “The Destruction of Sodom”) 1843 and 1857 • Rising Debt + Rising Rates (Northman) • Last Week’s ‘Volocaust’ “Just An Appetizer” – Cole (ZH) • Why People Who Make Money Are Usually Wrong – Taleb (ZH) • ‘Big Shakeout Coming’: Bridgewater Sounds Warning (G.) • History Suggests The Correction Isn’t Nearly Over (MW) • Interest Rate Rise Would Hit Millions In UK Who Depend On Cheap Credit (G.) • May Starts Drive
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Vincent van Gogh Peach trees in blossom 1888 • What Crushed Stocks? (WS) • Test Of Nerve For Markets As 10 Years Of Cheap Money Come To An End (G.) • Market Tests Millennial Traders Who’ve Never Seen A Crash (BBG) • Bond-Stock Clash Has Just Begun as Inflation Looms (BBG) • IMF Chief Lagarde Says Market Swings Aren’t Worrying (R.) • UK Labour Vows Renationalisation Of Water, Energy And Rail (G.) • Australia’s Big Banks Focus On Job
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