Claude Monet Éretrat sunset 1882-3 • The Trade War Is Smart Geopolitics (NR) • China’s Growth Is Slowing, but not Because of the Trade War (PIIE) • The Ugly Truth About The Trade War (Alt-M) • Fed QE Unwind Continues Via Sharp Drop In MBS (WS) • Trump Administration Backs Privatizing Fannie Mae And Freddie Mac (MW) • Is Armed Conflict Possible in Today’s Europe? (Spiegel) • Boris Johnson: I’d Rather Be Dead In a Ditch Than Delay Brexit
Read More...
Salvador Dali Neo-Cubist Academy (Composition with Three Figures) 1926 No, I’m still not taking sides in the Brexit proceedings. I have no horse in that fight. As I’ve said 1000 times, I can fully imagine that a country might want to leave the trappings of the EU. But just as often I’ve said that the way the Tories have gone about leaving appears deeply flawed. They have never seemed to take serious the amount of effort required for a
Read More...
Pablo Picasso Head of a woman 1939 • Resurrecting the American Economy With Stalinism 2.0 (Dmitry Orlov) • Use Old Chinese Debt To Default On Beijing’s $1 Trillion Treasuries (RT) • Boris Johnson Faces Showdown In Parliament (BBC) • The Realities Of A No-Deal Brexit (Ivan Rogers) • Ahead of Brexit, UK Factories Go Quiet (R.) • Hong Kong Leader Says She Would ‘Quit’ If She Could (R.) • Carrie Lam: Hong Kong Leader ‘Never Tendered Resignation To Beijing’
Read More...
Strongest storm ever to threaten Florida east coast • ‘Get Ready for Brexit’: Government Launches Information Blitz (G.) • Johnson’s Brexit Gambit Puts Queen in a Tight Spot (Spiegel) • Leaked No-Deal Report Says Lorries Could Face 48-Hour Delays At Dover (PA) • Irish Border After Brexit – All Ideas Beset By Issues Says Secret Paper (G.) • Many US Firms Already Have Ditched China, More On The Way (CNBC) • Hong Kong Students Boycott Classes As Chinese
Read More...
Edouard Vuillard The two sisters 1899 • Hong Kong Protesters Plan To Disrupt Airport After Night Of Chaos (R.) • The Sheer Scale Of The Crisis Facing Britain’s Decrepit Constitution (O.) • How A Secret Plan To Close Parliament Sparked Uproar Across Britain (O.) • British PM Johnson Challenges Lawmakers To Deliver Brexit (R.) • EU’s Barnier Not Optimistic About Avoiding A No-Deal Brexit (R.) • Lagarde Says Negative Rates Have Helped Europe More Than They’ve Hurt (MW) •
Read More...
Of course the notion of addressing Hong Kong has been in my mind for a while, but it’s a bit of a moving target: things change all the time, and seemingly on the fly. However, with today’s fresh developments, it seems silly to wait any longer. Hong Kong Civic party lawmaker Dennis Kwok yesterday expressed the reason way better than I could: As I said time and again, the use of troops in Hong Kong will be the end
Read More...
Joan Miro The farmer’s wife 1923 In Jackson Hole on Friday, Bank of England’s outgoing governor Mark Carney talked about a Synthetic Hegemonic Currency (SHC) that the world ‘must’ create, and I thought: that sounds as creepy as anything Halloween. Now, Carney is a central banker as well as a former Giant Squid partner, hence a certified cultist, but still. He even mentioned Facebook’s Libra ‘currency’ as some sort of example for something that should replace the US dollar
Read More...
Marc Chagall The Smolensk newspaper 1914 • Yield Curve Screams “Recession” as Trade War Picks Up Steam (Mish) • China’s Yuan Slumps To 11-Year Low, Stocks Fall As Trade War Escalates (R.) • Trump Says China Called Twice To Restart Trade Talks (MW) • China Willing To Resolve Trade Dispute With US Via Dialogue (R.) • Mnuchin: If China Agreed To Fair Relationship, We’d Sign ‘In A Second’ (CNBC) • Hong Kong Police Arrest 36 After Running Battles With
Read More...
Frank Walton Crows on a beach 1884 • World Needs To End Risky Reliance On US Dollar: BoE’s Carney (R.) • China Strikes Back At US With New Tariffs On $75 Billion In Goods (R.) • Trump Heaps Another 5% Tariff On Chinese Goods In Latest Escalation (R.) • Majority Of Americans Don’t Want Trump Impeached, Removed From Office (USAT) • CNN Hires Former FBI #2 Andy McCabe, Who Was Fired For Leaking And Lying (ZH) • Genesis and
Read More...
Piet Mondriaan Self portrait 1918 Guardian columnist Owen Jones, a self-described left activist and socialist, was attacked in the streets of London at 2 am Saturday morning in what he himself describes as “a blatant premeditated assault” by a bunch of guys. He says he was kicked, punched, but then saved by the friends he was with, and nothing really happened to him. Or he would have taken photos and published them. Owen was fine, before and after. But
Read More...