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1836 The Conflicts Forum, directed by former British diplomat and MI6 ‘ranking figure’ Alastair Crooke, sent me another unpublished article by Alastair and asked if the Automatic Earth would publish it.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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Fred Lyon San Francisco cable car turnaround 1946 • A Record 60% Of Americans Disapprove Of President Trump (ZH) • Age Is The New Dividing Line In British Politics (YouGov) • UK Low Income Families Forced To Walk ‘Relentless Financial Tightrope’ (G.) • Gundlach Says DC Establishment Wants to ‘Wait Trump Out’ (BBG) • Trump Administration Welshes on “Repeal Dodd Frank” Promise (NC) • Tillerson Says Allies Pleading With US To ‘Improve Russia Relations’ (RT) • Are Public Pensions
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Pablo Picasso Les femmes d’Alger Version 0 1955 • The Average Stock Is Enormously, Tremendously Overvalued (Katsenelson) • 72% Of US Businesses Are Not Profitable (Simon Black) • UBS Has Some Very Bad News For The Global Economy (ZH) • Fed To Raise Interest Rates, Give More Detail On Balance Sheet Winddown (R.) • EU Plans to Force Relocation of Euro Clearing After Brexit (BBG) • Norway Central Bank Explains How Money Is Created (Norges Bank) • Qatar Spends
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Adam West died last week. This was his phone book listing in Ketchum, ID where he lived. • New Economic Woes Put Theresa May Under Fresh Pressure (Tel.) • EU Threatens Year-Long Delay In Brexit Talks Over UK Negotiating Stance (G.) • Donald Trump’s State Visit To Britain Put On Hold (G.) • It’s The Calm Before A Gigantic, Horrendous Storm: David Stockman (CNBC) • The Risk To The “Bull” Thesis (Roberts) • Big Tech Stocks Under Pressure After
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Mondriaan Amaryllis 1910 • US Weeks Away From A Recession According To Latest Loan Data (ZH) • This Super Bubble Is About to Pop (IM) • Another Spanish Bank about to Bite the Dust (DQ) • “Macron Is Shaping Up As Hyper-Presidency” (BBG) • George Osborne Says Theresa May Is A ‘Dead Woman Walking’ (G.) • Theresa May’s Premiership In Peril As Loose Alliance Agreed With DUP (G.) • UK’s May Isolated Ahead Of Brexit Talks As Key Aides
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