Fred Lyon Embarcadero lunch San Francisco 1948 • Americans Are Dying With An Average Of $61,500 In Debt (ZH) • 34 Biggest Banks in US Clear First Hurdle In Fed’s Annual Stress Tests (R.) • Credit-Card Debt Slaves Move to Top of Fed’s Bank Worries (WS) • Citizens Will Soon Turn Their Rage Towards Central Bankers (Albert Edwards) • UK Homelessness Surges 34% Under Tories Since 2010 (Ind.) • UK High Court Judges Tory Policy Causes ‘Real Misery For
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Paul Klee Analysis of Various Perversities 1922 • The Little Putsch That Could Beget a Great Big Coup (Stockman) • US Should Mind Its Own Business; It Shouldn’t Be In Syria (Ron Paul) • US Is A “Second Tier” Country (ZH) • America Grows Older And More Ethnically Diverse (BBG) • The Wheels Come Off Uber (Yves Smith) • Oil Prices ‘Like A Falling Knife’ (CNBC) • The Rise of a Prince Ends Doubts Over Saudi Arabia’s Direction (BBG)
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Fred Lyon Post&Powell Union Square San Francisco 1947 • 100% Chance of Recession Within 7 Months? (DR) • The Secret Source of Eternal Australian Growth (Steve Keen) • We Need A Public Inquiry Into The Economics Profession (Pettifor) • Where Are The Empty Homes In Kensington? (Whoownsengland) • Security…or Surveillance? Ron Paul Edward Snowden Interview (TAM) • Brazil Police Claim To Have Evidence President Temer Received Bribes (G.) • House Republicans Block Russia Sanctions Bill (ZH) • We Are
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Pablo Picasso Dans l’atelier 1954 • Putin: US Routinely Meddles In Russian And Other Elections (Zuesse) • Russia To Consider US Planes In Syria As ‘Targets’ (News.AU) • Absent Without Leave (Jim Kunstler) • Barclays and Four Executives Charged With Fraud In Qatar Case (BBC) • Two-Thirds Of Europeans Believe EU Should Take Hard Line On Brexit (G.) • Britiain’s Carmakers Face Brexit Cliff Edge (BBC) • UK Property Owners’ £2.3 Trillion Windfall ‘Created Huge Inequality Gap’ (G.) •
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Kandinsky Capricious Line 1924 • Britain’s Brexit jam is Brussels’ Too (Pol.eu) • EU Leaders Fear Fragile State Of Tories Will Lead To Brutal Brexit (G.) • Pain Without Gain: The Truth About British Austerity (G.) • France Gives Macron Big Majority With Little Enthusiasm (EUO) • German Politicians Hammer the ECB, But Only to Get Votes (DQ) • Central Bank Liquidity Is The ‘IV Drip’ Of The Rally (CNBC) • Mueller Has “Not Yet” Decided Whether To Investigate
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Thomas Cole Destruction of Empire 1836 The Conflicts Forum, directed by former British diplomat and MI6 ‘ranking figure’ Alastair Crooke, sent me another unpublished article by Alastair and asked if the Automatic Earth would publish it. But of course. Previous articles by Alastair published here are: ‘End of Growth’ Sparks Wide Discontent in October 2016, Obstacles to Trump’s ‘Growth’ Plans in November 2016 and What is this ‘Crisis’ of Modernity? in January 2017. Here’s Alastair again: Alastair
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Fred Lyon Land’s End San Francisco 1953 • Global Inequality Much Worse Than Previously Thought (Ind.) • The US Is Where the Rich Are the Richest (BBG) • UK Wealth Gap Rises As Home Ownership Falls (G.) • UK Debt Bubble Returns Millions To Days Of 2008 Crash (G.) • Macron Set To Dynamite Parties That Have Dominated For Half A Century (AFP) • Secret Plot To Oust Theresa May If She Fails To Deliver ‘Hard’ Brexit (Tel.) •
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Fred Lyon Broadway and Kearny Street, North Beach, San Francisco 1952 • All Hell Is Going To Break Loose In The Bond Market (SBA) • The Fog of Markets (720G) • 10 Years After Global Financial Crisis, World Still Suffers Debt Overhang (SMH) • Amazon, the Death of Brick & Mortar, Buys into Brick & Mortar (WS) • Special Prosecutor Mueller Is a Political Hack (Washington) • Fear of Contagion Feeds the Italian Banking Crisis (DQ) • China’s Smaller
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Pablo Picasso Dora Maar au chat 1941 • ‘It’s A ‘Scary’ Time With A Global Crisis On The Way’ (CNBC) • Angry Trump Decries Being Target Of Russia Probe (AFP) • Putin Comey Comment ‘Remark On Circus-like Russia Nonsense Gripping US’ (RT) • Theresa May Is Now Almost As Unpopular As Pre-Campaign Corbyn (YouGov) • UK Student Loan Debt Soars To More Than £100 Billion (G.) • UK Gov Still Hasn’t Submitted Brexit Papers For Talks Starting Monday (Ind.)
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Francisco de Goya Saturn Devouring His Son 1819–1823 • Fed Raises Rates, Unveils Balance Sheet Cuts In Sign Of Confidence (R.) • The Fed Is Flying Blind (BBG) • Peak Economic Delusion Signals Coming Crisis (Smith) • When the Fed Tightens, It Leads to Financial “Events (Phoenix) • Senate Overwhelmingly Approves New Sanctions To “Punish” Russia (ZH) • What If The Russia Russia Russia Story Was Nothing? (HotAir) • Pentagon Agrees To Sell $12 Billion In F-15s To Qatar
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