Fred Stein Americans All 1943 • “We Have Enough Votes”: House To Vote Thursday To Repeal Obamacare (ZH) • Democrats, Not Trump, Are Driving Policy (BBG) • Corporate Insiders Are Unloading Their Stocks Like There’s No Tomorrow (Lang) • The Coming Collapse In US Auto Sales (F.) • Fed to Markets: June Rate Hike Coming Your Way (CNBC) • Rickards Says Fed Raising Into Weakness, Recession Due By Summer (BBG) • 57% Of Australians Couldn’t Handle $100 A Month
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Leonardo da Vinci A Copse of Trees 1508 • Trump: US “Needs A Good Shutdown In September To Fix This Mess” (ZH) • Home Capital Fails to Draw Buyout Interest From Canada Banks (BBG) • Hot Air Hisses Out of US Auto Bubble (WS) • May’s Election Fighting Talk Fuels Brexit War of Words With EU (BBG) • Le Pen Wants A French National Currency Within Two Years After Election (R.) • Macron Victory Could Mark The Start Of
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Grand Central Station NY WWII • Trump Weighs Breaking Up Wall Street Banks, Raising Gas Tax (BBG) • Life After Oil Makes Real Estate Canada’s New Economic Crutch (BBG) • How Did Home Capital Get Into Trouble? (BBG) • China Leverage Rising At ‘Alarming Pace’: Central Bank Official (R.) • UBS, BNP, RBS Get Subpoenas in US Treasuries Probe (BBG) • The US Health Care Industry Is Bound To Collapse Soon (NYP) • Exhaustion Gaps and the Fear of
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Walker Evans Air 1930s • 40% of Americans Spend Up To Half Of Their Income Servicing Debt (MW) • Are American Debt Slaves Getting in Trouble Again? (WS) • Congress Agrees $1 Trillion Budget Deal – But No Money For Border Wall (G.) • Trump Tax Plan ‘Dead On Arrival’, Wall Street ‘Delusional’ – Stockman (CNBC) • Economics Is A Form Of Brain Damage (RWE) • Why The Reflation Trade Is About To Fizzle (ZH) • If Rates Ever
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Pablo Picasso Self portrait 1965 • Are Canada’s Homes and Mortgages Worth Just 50 Cents on the Dollar? (WS) • US Congress Does Bare Minimum to Keep Government Open Next Week (BBG) • All the Plenary’s Men (BestEvidence) • The National Blues (Jim Kunstler) • ‘Taxation Is Theft’ Meme Goes Mainstream (TAM) • Erdogan: Turkey and US Can Wipe Out ISIL in Raqqa (AlJ) • ISIS Suffers Heavy Casualties In Kurdish Fighters’ Advances In Raqqa (FNA) • Russia Backs
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Pablo Picasso Self portrait 1972 • US Q1 Growth Weakest In Three Years As Consumer Spending Falters (R.) • Don’t Show President Trump This Chart (ZH) • Just Five Companies Account For 28% Of The S&P’s 2017 Returns (ZH) • Germany Knew Austerity Would Destroy Greece, Says Varoufakis (Tel.) • EU Deletes UK from Official Map – Two Years Before Brexit (BT) • These Americans Will Never Get Social Security Benefits (MW) • Julian Assange Speaks Out: The War
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Pablo Picasso Self portrait with palette 1906 • The Destruction Of Greece – “Only A Down Payment” According To The IMF (Bilbo) • Greek Supermarkets Report Dramatic Recession (K.) • US Student Loan Implosion (PolCal) • If Mortgage Rates Rise, What Happens to Canada’s House Price Bubble? (WS) • Canada’s Housing Bubble Explodes As Biggest Lender Crashes (ZH) • Canada’s Housing Watchdog Warns of ‘Problematic Conditions’ (BI) • It’s Tough Being Canada These Days (BBG) • Trump Tells Canada,
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EdgarDegas A la mer 1863 Something hit me this week. The maps which came out on Monday and detailed the outcome of the French elections, were telling a story, and a familiar one by now. A story of deep division. There are a number of such maps now depicting the Brexit vote in the UK, the US presidential elections, and its French counterpart. In all three cases they leave me wondering something along the lines of: ‘Are you guys
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Pablo Picasso Self portrait 1906 • There’s a Huge Disagreement Between Bonds and Stocks (BBG) • Trump May Pick Gary Cohn To Replace Janet Yellen At The Fed (CNBC) • Trudeau’s Reward for Courting Trump Is a Trade War on Lumber (BBG) • Apartheid Without the Racism’: How China Keeps Rural Folks Down (WSJ) • Chinese Stock Market Roller Coaster Looks To Be Back In Full Force (CNBC) • Cataclysm (Robert Gore) • Currency Markets Suggest Traders Get Early
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Pablo Picasso Self portrait 1972 • Trump Slaps 20% Duty on Canada Lumber, Intensifying Trade Fight (BBG) • Trump Summons Entire Senate To White House Briefing On North Korea (G.) • Trump Advisers To Lay Out Tax Plan For Top Republicans Tuesday (BBG) • The Oil Market Has One Big Problem: People Aren’t Buying Enough Gas (CNBC) • Canadians’ Confidence In Housing Hits Record High (HPoC) • Housing’s Echo Bubble Now Exceeds the 2006-07 Bubble Peak (CHSmith) • Bubble,
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