Rembrandt van Rijn Man with a falcon on his wrist (possibly St. Bavo) 1661 This Fed thing just keeps going on, and it needs to stop. There is nothing in the discussion about the Federal Reserve these days that has any value other than it provides even more proof that the Fed has killed off the most essential elements of what once made the US economy function. All markets, stocks, bonds, housing markets, all price discovery, all murdered. No
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Paul Gauguin Osny, rue de Pontoise, Winter 1883 • You Won’t Hear The Ugly Truth From The Fed (Henrich) • Yellow Vests Torch Cars In Chaos Of France’s 8th Weekend Of Clashes (Exp.) • If Corbyn Backs Brexit, He Faces Electoral Catastrophe (O.) • Brexit Deal Critics Risking Democracy – May (BBC) • EU Dashes May’s Hopes Of Landing Better Brexit Deal (Ind.) • Hackers Release 9/11 Papers, Say Future Leaks To Burn Down US Deep State (RT) •
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Yasuhiro Ishimoto Untitled, Chicago 1950 • Congratulations! Apple Loses Record $463 Billion in Market Cap in Three Months (Mish) • Apple Just Lost A Facebook (CNBC) • Apple Suffers Its Biggest Single-Day Loss In 6 Years (CNBC) • Why This Time Is Different (MooTrades) • Democrats Introduce Impeachment Articles On 1st Day In The House (RT) • Canada Says 13 Citizens Detained In China Since Huawei CFO’s Arrest (R.) • UBS Chairman Pours Cold Water On Deutsche Bank Merger
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Pablo Picasso Portrait of Dora Maar pensive 1937 • China Warns Cities To Cut Reliance On Property, Developers’ Shares Fall (R.) • Chinese Manufacturing Had An Even Worse December Than Expected (CNBC) • Markets Dive As China Manufacturing Weakens In Bleak Start To 2019 (G.) • The Future Might Not Belong to China (Martin Wolf) • Australian Home Prices Mark Worst Year Since 2008 (R.) • The Anti-Trump Party (Turley) • Red Paul: The Senator from Kentucky is Now
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Giovanni Bellini St. Francis in ecstasy 1480 • Deflation Risk Rises as China’s Economy Keeps Faltering (ET) • Juncker: The EU Isn’t Trying To Keep Britain In The Union (R.) • UK Trade Minister Says ’50-50′ Chance Brexit May Be Stopped (R.) • Cross-Party Move Aims To Delay Hard Brexit (G.) • Brexit Is Full Of Hysterical Self-Pity – Fintan O’Toole (G.) • Italian Parliament Passes Budget After EU Standoff (BBC) • Yellow Vests Target French Media Companies And
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Sandro Botticelli Portrait of a Young Woman 1480 – 1485 • Can an Inverted Yield Curve CAUSE a Recession? (St. Louis Fed) • The Malaysia Scandal Is Starting to Look Dire for Goldman Sachs (Taibbi) • How Crazy This Week Was For The Stock Market, In One Big Chart (MW) • Record-Bad Year-End For $1.3-Trillion “Leveraged Loan” Market (WS) • US Debt Soars $1.4 Trillion From Last Christmas, $44,000 Per Second (RT) • US Home Sales Decline To Steepen,
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Berthe Morisot After luncheon1881 • Investors Fear Historic Market Rebound Was Just A ‘Wicked Bear Trap’ (MW) • US Stocks Follow Record-Breaking Rise With Day Of Wild Swings (G.) • VIX Is About To Do Something It Hasn’t Done Since 2011 (MW) • Watch Out When Men Of War Come To The Rescue (Fisk) • Giuliani: Mueller Must Be Investigated For Destruction Of FBI Evidence (Hill) • Donald Trump ‘Worst Perpetrator’ Of Fake News: UN Special Rapporteur (Pol.eu) •
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Francis Tattegrain La ramasseuse d’épaves (The Beachcomber) 1880 I haven’t really written about finance since April of this year, and given recent fluctuations in what people persist in calling the markets, maybe it’s time. Then again, nothing has changed since that article in April entitled This Is Not A Market. I was right then, and I still am. [..] markets need price discovery as much as price discovery needs markets. They are two sides of the same coin. Markets
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Giovanni Bellini The Feast of the Gods c1514 (completed by his disciple, Titian, 1529) • Trump Declares End To US ‘Policeman’ Role In Surprise Iraq Visit (AFP) • Dow Rallies 1,000 Points, Biggest Single-Day Point Gain Ever (CNBC) • Why Stocks Soared: US Pension Funds Rebalance With $64 Billion Buy Order (ZH) • Plunge Protection And/Or Deeply Underwater Public Sector Pension Funds (CI) • Pretty Much All Of Wall Street Thinks The Market Will Rally In 2019 (CNBC) •
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Caravaggio Burial of St. Lucy 1608 • US Prepares To Hit The Wall As Reckless Trump Undoes Years Of Hard Work (G.) • Trump Urges Americans To Buy The Dip; Voices Confidence In Mnuchin, Powell (ZH) • Trump’s Frustration With Mnuchin Rising – Source (CNN) • BOJ’s Kuroda Further Waters Down Pledge To Hit Inflation Target Quickly (R.) • Japan To Resume Commercial Whaling (AFP) • Asian Stocks Slip On US Shutdown Worries, Trump’s Fresh Criticism Of Fed (MW)
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