Pablo Picasso Two naked figures 1908 • 40% Of The American Middle Class Face Poverty In Retirement (CNBC) • One-Third Of Young Americans Too Overweight To Join The Military (AFP) • We Are All In….Again! (Roberts) • American Pastor Freed In Turkey Will Visit White House Saturday (AP/R.) • Saudi Isolation Grows Over Khashoggi Disappearance (G.) • UK ‘Gears Up’ To Target Saudis With Sanctions After Journalist Vanishes (Ind.) • ‘Pressure Will Be On Turkey’ If Saudis Found Guilty
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Alfred Eisenstaedt Egyptian Fishing Boats. Suez Canal near Port Said 1935 According to Middle East Eye, Richard Branson, Andrew Ross Sorkin, Economist editor-In-chief Zanny Minton Beddoes, World Bank president Jim Yong Kim, New York Times, Financial Times, Uber CEO Dara Khosrowshah, Viacom CEO Bob Bakish and AOL founder Steve Case have all withdrawn from Saudi Arabia’s Future Investment Initiative conference, to be held this month in Riyadh. Branson also put a $1 billion investment plan on hold. Also, on
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M. C. Escher Order and chaos 1950 • Donald Trump is Right About the Fed (Whalen) • Stocks Could Fall 40% To 50% To Reach Fair Value – Yusko (CNBC) • 4 Pillars of Debt in Danger of Collapse (Nomi Prins) • The Dollar and its Discontents (Eichengreen) • China September Exports Surge, Creating Record Surplus With US (R.) • Facebook, Twitter Purge More Dissident Media Pages (CJ) • Italian Parliament Approves Controversial New Spending Targets (AP) • Turks
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Pieter Bruegel the Elder The Triumph of Death 1562 Finally financial ‘markets’ go through a substantial dip, which Steve Mnuchin claims is just temporary and Donald Trump says is caused by the fact that the Fed is ‘loco’. Mnuchin may well be right, but it won’t be because he knows something you don’t. And Trump is certainly right, but in reality the Fed has been loco for many years, so why be surprised if it acts crazy now? The
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Pablo Picasso Bather 1908 • Dow Tumbles 830 Points In One Day, Trump Says The Fed Has ‘Gone Crazy’ (MW) • World Stock Markets Dive As Trump Attacks ‘Crazy’ US Rate Hikes (G.) • Tech Stocks Have Their Worst Day Since August 2011 (CNBC) • “Rising Inequality” Could Impact America’s AAA Credit Rating (SH) • How Will 6% Mortgage Rates Deal with Housing Bubble 2? (WS) • Brexit Deal Within Reach If May Agrees On Customs Union, Says Barnier
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Paul Klee Angelus Novus 1920 (see last article) • Trump “Doesn’t Like What The Fed Is Doing” (ZH) • Chinese Yuan Could Reach A Record Low Against The Dollar (MW) • China’s (Non-Government) Business Survey Collapses As Trade War Strikes (ZH) • Chinese Firms Now Hold Stakes In Over A Dozen European Ports (NPR) • UK Public Finances Are Among Weakest In The World – IMF (G.) • IMF Warns Italy Not To Breach EU Spending Rules In Next
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Pieter Bruegel the Elder Two monkeys 1562 And there we go again. Another IPCC report, and they all keep getting more alarming than the previous one. And then nothing substantial happens. Until the next report is issued and makes everybody’s headlines for a day, or two. Rinse, spin and repeat. “Now we really have to do something!”. “World leaders have a moral obligation to act!”. Oh boy. To start with that last bit, world leaders don’t act because of
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Ford Madox Brown Finding of Don Juan by Haidee 1873 • World Leaders ‘Have Moral Obligation To Act’ After UN Climate Report (G.) • US Economists Win Nobel Memorial For Work On Climate And Growth (G.) • Nobel Prizes in Economics, Awarded and Withheld (NC) • The End Of The World Will Save Theresa May From Brexit (Ind.) • Stock Markets Stage Sharp Sell-Off Amid Fear Of Italy-EU Budget Fight (G.) • QE Party Is Drying Up, Even
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Paul Gauguin The Great Buddah 1897 • ACT NOW IDIOTS (BBC) • World Must Take ‘Unprecedented’ Steps To Avert Worst Of Global Warming (R.) • Energy Sector’s Carbon Emissions To Grow For Second Year Running (G.) • Clouds Gather Over The IMF’s Paradise (O.) • US Inflation Is The World’s Most Important Economic Variable (CNBC) • Ron Paul: US Barreling Towards A Stock Market Plunge Of At Least 50% (CNBC) • China Stocks Return From Holiday, Tumble 3% As
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Vincent van Gogh Autumn landscape 1885 • Turkish Police Suspect Saudi Journalist Khashoggi Was Killed At Consulate (MME) • Interpol Asks China For Information On Its Missing President (CBS/AP) • Brett Kavanaugh Sworn In As 114th Supreme Court Justice (ZH) • Hot Jobs Market, Trade Tensions May Be Lethal Combo – Stephen Roach (CNBC) • Former Fed Governor Warns Of “Several Decade Cold War” With China (ZH) • China Pumps $109bn Into Economy As Trade War Bites (G.) •
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