Al Capone’s free soup kitchen, Chicago, 1931 • US Appeals Court Upholds Suspension Of Trump Travel Ban (AP) • The Crash Will Be Violent (David Stockman) • Foreign Governments Dump US Treasuries as Never Before; Who is Buying? (WS) • Impediments to Growth (Lacy Hunt) • A Game Of Chess (BP) • Biography of President Donald Trump, a.k.a. “Wayne Newton” (Jim Kunstler) • What Would it Cost a Country to Leave the Euro? (WS) • Varoufakis Accuses Creditors Of
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Russell Lee Migrant family in trailer home near Edinburg, Texas Feb 1939 • China Approaches Maxi-Devaluation (DR) • German Exports Break Record as Trump Targets Trade Balance (BBG) • The Blood Bath Continues In The US Major Oil Industry (SRSrocco) • Record $1 Trillion in US Junk Debt to Mature in Next 5 Years (WSJ) • Trump EU Envoy Says Greece Is Now More Likely To Leave The Euro (G.) • Le Pen Aide Briefed French Central Banker on Plan
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Dorothea Lange Rear window tenement dwelling, 133 Avenue D, NYC 1936 • This Is How Out-Of-Whack US Trade Relationships Really Are (WS) • John Kelly, Homeland Security Chief, Says Travel Ban Rolled Out Too Quickly (WSJ) • Trump Travel Ban: Judges Skeptical About Arguments On Executive Order (G.) • ‘Trump Makes Sense To A Grocery Store Owner’ – Taleb (Hindu) • Do Not Let Elliott Abrams Anywhere Near The State Department (Rand Paul) • EU Faces Crisis As IMF Warns
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Paul Cézanne Les (Grandes) Baigneuses 1905 Two and a half weeks after the inauguration, and yes it’s only been that long, the media still don’t seem to have learned a single thing. They help the Trump campaign on an almost hourly basis by parroting whatever things, invariably judged as crazy, he says. One day it’s that negative polls are all fake news, the next it’s some list of underreported terror events. All of it gets an avalanche of attention
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Russell Lee Sharecropper mother teaching children in home, Transylvania, LA. 1939 • Trump To Be Barred From UK Parliament Over ‘Racism and Sexism’ (BBG) • Trump’s Wall Street Deregulation ‘The Last Thing We Need’ – Draghi (Ind.) • Meet The Men Who Could Topple Donald Trump (G.) • California Is Not ‘Out Of Control,’ Leaders Tell Trump (R.) • Our Part In The Darkness (Alameddine) • The New York Times Just Doesn’t Understand This Economics Stuff (Worstall) • The Fed’s
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Steve Schapiro Robert Kennedy US Presidential Campaign 1968 • Trump Travel Ban- What Happens Now (BBC) • Trump Faces Uphill Battle To Overcome Court’s Hold On Travel Ban (R.) • President Trump’s Major Asian Breakthrough (CNBC) • Believe It Or Not, Deluded Republicans Have Got It Right On Tax Reform (Chu) • Is America in a Bubble & Will America Ever Return to “Normal” (CH) • Trump Is No Fascist. He Is A Champion For The Forgotten Millions (G.)
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Hugo Simberg The Wounded Angel 1903 • US Appeals Court Denies Request To Restore Trump’s Immigration Ban (R.) • DHS Suspends Actions On Travel Ban; ‘Standard Policy’ Now In Effect (R.) • Trump Tells O’Reilly He ‘Respects’ Putin in Super Bowl Interview (Fox) • As Trump Weighs Thaw With Putin, EU Set to Renew Its Blacklist (BBG) • Goldman Throws Cold Water On Trump Agenda (CNBC) • Economists Say Action On Carbon Is Vital, Or Say Nothing At All
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Esther Bubley Boy who rides to school daily on Greyhound bus, Washington Court House, Ohio 1943 It’s been a while since the Automatic Earth featured an article from Energy Matters, the site run by our longtime friend Euan Mearns, Honorary Research Fellow at The University of Aberdeen, and his co-conspirator Roger Andrews, a British engineer/geophysicist, semi-retired in Mexico. But I read a piece by Roger yesterday that I like, because it allows me to rant against all the false
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Henri Cartier Bresson Paris 1952 • Judge Blocks Trump Travel Ban Nationwide (ZH) • Airlines Told To Allow Banned Travelers Into US After Judge’s Order (G.) • Trump’s Travel Ban Has Revoked 60,000 Visas For Now (R.) • If Americans Truly Cared About Muslims, They Would Stop Killing Them (BAR) • Iran To Name US Individuals Involved In ‘Helping And Founding’ Terrorists (ZH) • EU Flirts With Hypocrisy In Criticising Trump’s Refugee Ban (EUO) • America Is Shedding Its Whole
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Pierre-Auguste Renoir The Return of the Boating Party 1862 • Trump’s Economic Policy Makes Perfect Sense: Albert Edwards (CNBC) • Big Clash Looming (Kath.) • The IMF Should Get Out of Greece (Ashoka Mody) • Italians Are Outright Economic Losers in the Era of the Euro (BBG) • China Net 2016 Outflows At Record $725 Billion (R.) • Reality Vs. The “Recovery” Narrative (Mises) • Markets Are Experiencing Cognitive Dissonance (Rickards) • Scots to Vote on Tuesday on May’s Draft
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