Fred Stein Streetcrossing, Paris 1935 • To Make America Great Again, Trump Will Have To Make the Dollar Weak Again (MW) • The Fed Gave Trump Just Enough Rope To Hang Himself With – Deutsche (ZH) • S&P 500 Companies Blow $1.7 Trillion On Making Earnings Look Less Bad (WS) • US “Too Big To Fail” Banks Top $1 Trillion – What Happens Next? (ZH) • Australia’s Central Bank Warns Of Growing Risks In Housing, Debt (CNBC) • Australia
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Janine Niepce Paris ca. 1950 • The Central Bank Shell Game (WS) • Using Superannuation For Deposit ‘Irresponsible’ – Keating (Nine) • Chinese Home Prices “Unexpectedly” Rebound (ZH) • The Fed’s Global Dollar Problem (BBG) • Oil Drops On Rising Us Drilling, Failing OPEC Cuts (R.) • Smile For The Auschwitz Selfie: Why Holocaust Memorials Have Failed (NS) • Spy Comments Proof Germany Supports Group Behind Attempted Coup: Erdogan (R.) • Erdogan Accused Merkel Of Using Nazi Methods (DW)
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DPC Broadway from Chambers Street, NYC 1910 • More Proof of Janet Yellen’s Idiocy (David Stockman) • How The Bosses ‘Game’ Workers (Moore) • Oz Parliamentary Budget Office Costs Plan To Kill Off Stamp Duty (SMH) • Russian Parliament Backs Investigation Into US Media (R.) • German Foreign Minister: Turkey Further Away From EU Membership Than Ever (R.) • Turkey Furious As Kurds Rally In Frankfurt With PKK Insignia (AFP) • Fear Stalks Refugees Huddled Along Hungary’s Border (G.)
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Andreas Feininger Production B-17 heavy bomber at Boeing plant, Seattle 1942 • How Bankers Became The Top Exploiters Of The Economy (Michael Hudson) • World Out Of Whack: What’s Next For Global Real Estate? (CE) • Make Big Banks Put 20% Down—Just Like Home Buyers Do (Kashkari) • Deepening EU Banking Crisis Meets Euro-TARP on Angel Dust (DQ) • The Paranoid Attempts To Tie Trump To Russia (Qz) • Clinton Ally Says Smoke, But No Fire: No Russia-Trump Collusion
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DPC Wall Street and Trinity Church, New York 1903 • California Judge Seeks To Prevent Immigration Arrests Inside State Courts (R.) • Collapsing Pensions Will Fuel America’s Next Financial Crisis (MW) • Statoil CEO Warns of Globalization ‘In Reverse’ (BBG) • Treasury’s Mnuchin Says Trump Does Not Want Trade Wars (R.) • Would Trump Budget Cut Meals On Wheels Funding? (BI) • Dutch Election Puts Question Mark Over Eurogroup Chief Dijsselbloem (R.) • Congressman Huizenga Introduces Bill to Oppose
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Marc Riboud Sur les Quais de Paris 1953 The Dutch elections on Wednesday have provided a whole bunch of Orwellian narratives. PM Mark Rutte’s right wing VVD party, actually the ‘business’ -or should we say ‘rent-seekers’ in 2017- party, who lost some 20% of the seats they had obtained in the previous parliamentary election in November 2012, down from 41 to 33 seats, is declared the big winner. While Geert Wilders’ very right wing party, PVV, won 25% more
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Arthur Rothstein “Quack doctor, Pittsburgh, Pennsylvania” 1938 • Hawaii Judge Halts Trump’s New Travel Ban Before It Can Go Into Effect (R.) • Trump Proposes Historic Cuts Across Government to Fund Defense (BBG) • Janet Yellen Explains Why She Hiked In A 0.9% GDP Quarter (ZH) • Fed Rate Hikes + Low Growth = Recession (MW) • How The Fed Rate Hike Will Impact Millions Of Americans (MW) • How Global Central Banks Have Set Interest Rates Since 2008
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Otto Dix The Triumph of Death 1934 Yes, austerity really kills real people, and it kills the societies they live in. Let’s try and explain this in simple terms. It’s a simple topic after all. Austerity is a mere left-over from faith-based policies derived from shoddy economics, and economics is a shoddy field to begin with. The austerity imposed on and in several countries and their economies after 2008, and the consequences it has had in these economies, cannot
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Russell Lee Proprietor of small store in market square, Waco, Texas 1939 • MSNBC’s Non-Story: Trump Made $150 Million, Paid 25% Tax Rate (ZH) • The Most Important Chart To See Before The Dutch Election (Ed Harrison) • Fragmentation Is the Solution, Not the Problem (CHS) • Economists Are Political Actors (Sapir) • One Chart That Captures the Debate Over Quantitative Easing (BBG) • Fed Expected To Raise Rates As US Economy Flexes Muscle (R.) • Britain Is Politically
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Arthur Rothstein Family leaving South Dakota drought for Oregon 1936 • Wall Street Buzz Over Trump Gives Shiller Dot-Com Deja Vu (BBG) • This Is The Most Overvalued Stock Market On Record – Even Worse Than 1929 (MW) • Wall Street Has Found Its Next Big Short in US Credit Market: Malls (BBG) • Fed, In Shift, May Move To Faster Pace Of Rate Hikes (R.) • The Mystery of the Treasury’s Disappearing Cash (Stockman) • Countries With National
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