Eugène-Louis Boudin Beach at Étretat 1890 • Petition To Trump: Pardon Julian Assange (Infowars) • Corporate Censorship Is State Censorship (CJ) • The Myths Of Stocks For The Long Run – Part X (Roberts) • Germany’s Huge Trade Surpluses Are A Burden On Its EU Partners (CNBC) • EU Acts To Protect Firms From Donald Trump’s Sanctions Against Iran (G.) • Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams • UK To Run Out Of
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Vasily Polenov Étretat 1874 • Stock Market Manias of the Past vs the Echo Bubble (Tenebrarum) • US Bond Market Takes Looming Treasuries Deluge In Stride (R.) • America 10 Years After The Financial Crisis (NYMag) • Nassim Taleb: ‘No One Who Caused The Crisis Paid Any Price’ (ST) • Fears Of A ‘Car-Crash Brexit’ Make Life Difficult For Mark Carney (G.) • Rich, Reckless Brexit Zealots Are Fighting A New Class War (G.) • Saudi Expels Canadian Envoy,
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Salvador Dali Spain 1936-38 (Spanish civil war) Jeremy Corbyn is an anti-semite. Julian Assange is a rapist, a Russian agent and a terrorist. Donald Trump is an anti-semite, a rapist AND a Russian agent. Vladimir Putin wants to invade and enslave the entire western world and to that end employs Assange, Trump, maybe also Corbyn(?), as well as thousands upon thousands of hackers and murderers who make people vote for whoever Putin chooses, and poison former Russian agents on
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Claude Monet Hollowed Cliff near Étretat 1883 • The Real Threat To The Fed’s Independence Is Wall Street, Not Trump (WM) • The Trillion-Dollar Question: Can The Tech Giants Keep Growing? (G.) • Light It Up (Kunstler) • IMF Option Looms Larger For Turkey Amid Row With US (AL M.) • Beware the Slippery Slope of Facebook Censorship (Matt Taibbi) • Why Theresa May Must Stop The Brexit Clock (O.) • UK Trade Minister Fox Says EU Is Pushing
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John French Sloan Spring rain 1912 • The Everything Bubble Has Found Its Pin. The Pin’s Name is Jerome Powell. (PC) • The Fed Accelerates its QE Unwind (WS) • US Gains Only 157,000 Jobs In July As Unemployment Falls To 3.9% (MW) • US Government Has No Idea How Many Gig Workers There Are (MW) • Mark Carney Says Risk Of A No-Deal Brexit Is ‘Uncomfortably High’ (G.) • The Conservatives Are In Crisis Over Austerity, Not Just
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George Caleb Bingham The verdict of the people 1854 It’s been a while since we last heard from Dr. D, but here he’s back explaining why neither gold nor the yuan nor cryptocurrencies can or will replace the dollar as the reserve currency, but together they just might: Dr. D: “Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.” –Ogden Nash Over the last year or
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Ivan Aivazovsky The Galata tower by moonlight 1845 • The Trump Administration Is Headed For A Gigantic Debt Headache (CNBC) • The First Company To Reach $1 Trillion In Market Value Was In China (CNBC) • Apple Becomes World’s First Trillion-Dollar Company (G.) • Ban Share Buybacks (Week) • Where Are the 17,000 Model 3 Cars Tesla “Produced” But Didn’t “Deliver”? (WS) • Middle-Class Americans Still Haven’t Recovered From Housing Bust (MW) • China Loses Spot As World’s No.
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Henri Matisse Music 1910 • People Spend Most Of Their Waking Hours Staring At Screens (MW) • Fifth of Britons Feel Stressed If They Can’t Access Internet (G.) • Jeff Bezos’s $150 Billion Fortune Is a Policy Failure (Atlantic) • Assange May Finally Leave Ecuadorian Embassy In London As Health Worsens (RT) • Trump Threatens To Raise Tariffs On Chinese Goods To 25%, Up From 10% (AFP) • German Sources Deny Brexit Deal Offer Amid Panic In Remain Campaign
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Salvador Dali Swans reflecting elephants 1937 I am often confused by events that happen and by things that people say. But then I think them over and they mostly become less confusing, even if often slivers of confusion remain. This was again the case yesterday morning. Donald Trump went after the Koch brothers, the one biggest symbol of everything that’s wrong with American politics, and I expected the anti-Trump echo-chamber to finally agree on something with him. But no,
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Getty Marilyn Monroe in NY subway 1955 • Apple Buybacks Eclipse Value Of Most S&P 500 Companies (R.) • A Record 18% Of China’s GDP Goes To Debt Service (ZH) • IMF Warns On Greek Debt Sustainability (ZH) • The Greatest Depression (Coppola) • EU’s Brexit Declaration Could Be Just ‘Four Or Five Pages’ Long (G.) • UK Government Accused Of Trying To Hide Devastating Impact Of Brexit (Ind.) • No UK Car Manufacturer Ready For Brexit (Ind.) •
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