John Swope Trees in fog (Chile) 1939 • Leveraged-Loan Risks Are Piling Up (WS) • UK House Prices Should Be Frozen For Five Years – Think Tank (Ind.) • 24 Hours of Brexit Mayhem (Ind.) • Britain Has Gone To Huge Trouble To Humiliate Itself (Fintan O’Toole) • Novichok In Wiltshire Death ‘Highly Likely’ From Batch Used On Skripals (G.) • Nissan Says Emissions And Fuel Economy Tests Were Falsified (R.) • Trump Slams Pfizer After July 1 Drug
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Vincent van Gogh Bridge in the rain (after Hiroshige) 1887 • David Davis Resigns As Brexit Secretary (Ind.) • World Trade Has Decelerated Sharply (Ashoka Mody) • Market Turmoil Pushes Some China Funds To The Brink (R.) • US Faces Soaring Trade Deficits, But Rising Energy Prices Bigger Danger (CNBC) • White House Close To Refusing Interview With Russia Investigation (G.) • America the Failed State (Chris Hedges) • BOJ’s Kuroda Expresses Resolve To Keep Ultra-Easy Monetary Policy (R.)
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Jean-Léon Gérôme Truth Coming Out of Her Well to Shame Mankind 1896 Here’s the lowdown: the EU’s single market mechanism dictates freedom of movement for labor, capital, services and goods. These are not divisible; you cannot have one without the other. Still, that’s precisely what Theresa May, again, is proposing. She basically wants to keep the UK in the single market for goods, and make other arrangements for the rest. The EU will not accept that because it could
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Utagawa Hiroshige Sudden Evening Shower on the Great Bridge near Atake 1857 • US Debt Explosion & Weimar II (von Greyerz) • China Threatened By “Vicious Circle Of Panic Selling” (ZH) • The Demise of Toys ‘R’ Us Is a Warning (Atlantic) • Why It’s Not Too Late To Step Back From The Brexit Brink (G.) • British MPs Should Be Ashamed Of Supporting Regime Change In Tehran (Oborne) • OPEC’s Dilemma (Lacalle) • Turkey Sacks Another 18,500 State
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Claude Monet Water lilies 1904 • Fed Discards Flattening Yield Curve as Recession Indicator (WS) • Theresa May Secures Approval From Cabinet To Negotiate Soft Brexit (G.) • Boris Johnson’s Gang Outgunned By Theresa May At Chequers (G.) • UK Government Has No Clue How To Execute Brexit Without Harm – Airbus CEO (G.) • Despite 213K Jobs Gain, Unemployment Up by 499K (Mish) • Russia Hikes Duties On US Imports, Pledges More Retaliation (R.) • US Border Agents
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Henri Matisse Reading woman in violet dress 1898 • China Imposes Tariffs, Says US Launching ‘Largest Trade War In History’ (CNBC) • Trump Says China Could Face More Than $500 Billion In US Tariffs (CNBC) • Merkel Open To Reducing EU Tariffs On American Cars (NC5) • US Labor Shortage Is Reaching A Critical Point (CNBC) • Theresa May’s New Customs Plan ‘Dead On Arrival’ In EU (Ind.) • Theresa May Battles To See Off Revolt Ahead Of Key
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René Magritte The secret player 1927 There’s something wonderfully -though at the same time sadly- ironic in simultaneously contemplating America’s Independence Day and Greece’s NO! (OXI!) vote three years ago that was subsequently defeated by it own prime minister, Alexis Tsipras, at the behest of the European Union’s powers that be. Where Americans managed to break free of their yoke in 1776, the Greeks did not. Indeed, they were betrayed by their own. There are certainly plenty of similarities
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Vincent van Gogh Ravine 1889 • China Warns US ‘Opening Fire’ On World With Tariff Threats (R.) • China Denies It Will Be First To Impose Tariffs On $34bn Of US Goods (G.) • Europe Turns Down Chinese Offer For Grand Alliance Against The US (ZH) • EU Reportedly Considering International Talks To Cut Car Tariffs (CNBC) • Germany’s Massive Trade Surplus ‘Is Becoming Toxic,’ Ifo Director Says (CNBC) • Tories ‘Toast’ If They Don’t Deliver On Brexit, Theresa
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Edward Hopper People in the sun 1963 • The Velocity of Money… and Revolution (Brin) • Ecology: The Keystone Science (Hawes) • Facebook Flags, Removes Declaration of Independence Text as Hate Speech (Rea.) • Theresa May To Pitch ‘Softest Possible Brexit’ Plan (R.) • UK Government ‘Will Miss Fuel Poverty Target By More Than Six Decades’ (G.) • ‘Unknown Substance’ Leaves Pair Critically Ill In Salisbury Hospital (G.) • As The State Is Dismantled, Who Will Save Britain’s Wildlife?
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Edward Hopper Summer interior 1909 • Buybacks Are The Only Thing Keeping The Stock Market Afloat (CNBC) • Stock Markets Look Ever More Like Ponzi Schemes (Murphy) • A Japanese Tsunami Out Of US CLOs Is Coming (HC) • The Eurozone’s Coming Debt Crisis (Lacalle) • The ‘Dirty Dozen’ Sectors Of Global Debt (Rochford) • UK’s Latest Brexit Proposal Is Unrealistic, Say EU Officials (G.) • Nassim Taleb Slams “These Virtue-Signaling Open-Borders Imbeciles” (ZH) • Merkel Dodges Political Bullet
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