Vincent van Gogh Field with Irises near Arles 1888 • Stocks’ Second-Quarter Start Is the Worst Since the Great Depression (BBG) • Stocks Lose Critical Buyer at Worst Time (BBG) • Rising Rates Sounding Alarm Bells for Debt-Laden US Consumers (BBG) • China’s State-Owned Banks Told To Stop Local Government Loans (SCMP) • Chinese Families Are Racking Up Debt On An Unprecedented Scale (SCMP) • Young Lose Out In Britain’s Housing Wealth Boom (Times) • Swedes Turn Against Cashlessness
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John La Farge Girls Carrying a Canoe, Vaiala in Samoa 1891 • China Announces New Tariffs On 128 US Products (CNBC) • The Real Bubble (ZH) • Cryptocurrencies: Nothing Goes To Heck In A Straight Line (WS) • Easter Shoppers Desert UK High Streets, Spreading Retail Gloom (G.) • Trouble For Big Tech As Consumers Sour On Amazon, Facebook And Co (G.) • Google, Facebook Too Big To Be Governed, Could Be Dismantled – Macron (Ind.) • The Middle
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Rembrandt van Rijn Christ and St Mary Magdalene at the Tomb 1638 • US Homes Become ATMs Again (MW) • The Housing Crisis – There’s Nothing We Can Do… Or Is There? (Steve Keen) • Fear is Back (MW) • The S&P’s 200-DMA: Why It Ain’t No Maginot Line (Stockman) • Trump Renews Amazon Attack, Says ‘Post Office Scam’ Must Stop (BBG) • Senator Warren, In Beijing, Says US Is Waking Up To Chinese Abuses (R.) • Yanis Varoufakis:
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Giotto Lamentation 1306 • What Could Dethrone the Dollar as Top Reserve Currency? (WS) • How Many Trillions In Debt Are Linked To Soaring LIBOR? (ZH) • Bitcoin Is On Track For Its Worst First Quarter Ever (CNBC) • Tesla’s ‘Day Of Reckoning’ Is Near (CNBC) • ECB To Buy More German Bank Bonds To Keep Stimulus Flowing (R.) • UK Must Bring Home ‘Just Over 50’ Of Its Diplomats From Russia (R.) • Jammers Stop Assange From Using
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Jerome Liebling May Day Union Square Park New York City 1948 Dr. D. peels the American political onion to get down to what it’s all about. I’m impressed. He explains America better than just about anyone. Turns out, there ain’t much left. So yeah, what happened? Dr. D: The news cycle runs so frenetically it’s easy to lose track of the bigger tide. Let’s go back a week and look at something the Automatic Earth has
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James McNeill Whistler Nocturne in Blue and Silver, The Lagoon, Venice 1880 • The Donald’s Blind Squirrel Nails An Acorn (David Stockman) • Russia To Expel 150 Diplomats And Close US Consulate In St Petersburg (Ind.) • Yulia Skripal No Longer In Critical Condition (G.) • UK Household Spending Hit Six-Year Low In 2017 Amid Brexit Inflation (PA) • Bitcoin Drops Below $7,000, Down 50% in 2018 (BBG) • Tesla Recalls 123,000 Early Model S Cars (BBG) • Volkswagen
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Rembrandt van Rijn Christ In The Storm On The Sea Of Galilee 1633 Stolen from Gardner Museum March 18 1990, single largest art theft in the world. Never recovered I am gullible. Very. I betcha I am more gullible than you. And that tells you something, because you know how gullible you are. Or so you think. Still, as bad as I got it, something physically snapped in the back of my head this morning, I could hear it
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Paul Gauguin The wave 1888 • Trump Approval At 11-Month High – Will The Dollar Follow? (ZH) • Amazon Loses $53 Billion in Market Value, Becoming FAANG’s Biggest Loser (BBG) • Fed Mistakes Could Spark ‘Unusually Fast’ Bear Market (MW) • Tesla Bonds Are in Free Fall (BBG) • The New Warlord in the White House (Jacobin) • Skripals Poisoned From Front Door Of Salisbury Home, Police Say (G.) • May Considers Banning City Of London From Selling Russian
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Edvard Munch Spring in Johan Karl Street 1944 • Steen Jakobsen Fears 30% Market Correction With Consumer ‘Maxed Out’ (CNBC) • China Says Kim Jong Un Agrees To Denuclearize Korean Peninsula (R.) • All The Personal Data That Facebook/Google Collect (Curran) • Mark Zuckerberg Agrees To Testify Before Congress Over Data Scandal (G.) • 37 State Attorneys General Demand Answers From Zuckerberg (ZH) • Zuckerberg’s Refusal To Testify Before UK MPs ‘Absolutely Astonishing’ (G.) • Jimmy Carter: Trump Hiring
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Paul Klee Cat 1939 • Dow Surges 670 Points But Stock Market Is On The Brink Of A Breakdown (MW) • Trump Sends To-Do List to China on Trade (WS) • America’s State Wreck Gathers Steam Part 2 (Stockman) • Integrity Has Vanished From The West (Paul Craig Roberts) • Western Allies Expel Scores Of Russian Diplomats Over Skripal Attack (G.) • New Zealand Says It Would Expel Russian Spies … But It Can’t Find Any (G.) • Whistleblower
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