Todd Webb Rue des Plantes, Paris 1950 • Americans Are Becoming Obsessed With Putting Everything On Credit (MW) • Cash Is Dead. Long Live Cash. (WSJ) • A Change In The Change Of Change (Peters) • Great Debt Unwind: Bankruptcies Surge (WS) • Trump’s Rollback of Bank Regulations Risks a Bondholder Backlash (Street) • Syria Strike Designed To Intimidate North Korea: China State Newspaper (G.) • Is Globalisation Dead? (Pettifor) • Housing Costs Are Pushing People Further Out of
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Paul Gauguin Avenue de Clichy 1889 • Central Banks “Took Over” Markets In 2009; In December “Unwind” Begins (ZH) • ‘No Bubble, No Pop’: Why Banks Are As Safe As Houses (WAus) • Greek Gloom As Economy Stalls Amid Latest Bout Of EU Wrangling (G.) • The Picture Of Our Economy Looks A Lot Like A Rorschach Test (NYT) • Steve Keen And Michael Hudson: Fixing The Economy (EI) • Trump’s ‘Wag the Dog’ Moment (Robert Parry) • Former
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Dorothea Lange Wife of sharecropper in town to sell crop at tobacco auction, Douglas Georgia 1938 • US Credit Card Debt Tops $1 Trillion For The First Time In A Decade (ZH) • Store Wars: US Retail Sector Is Shedding Jobs Like It’s A Recession (MW) • Apparel Retailers Lead The Charge Out Of Brick-And-Mortar (Forbes) • Wall Street Is Making It Harder to Buy a Car (BBG) • US Jobs Growth Slumps To 98,000 In March (MW) •
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Fred Stein Times Square at Night 1947 • Eyewitness Says Syrian Military Anticipated US Raid (ABC) • The Biggest Stock Bubble In US History (IRD) • The Unavoidable Pension Crisis (Roberts) • Americans Are Taking Out The Largest Mortgages On Record (MW) • Global Debt Explodes At ‘Eye-Watering’ Pace To Hit £170 Trillion (Tel.) • Wall Street Doubts Trump Wants to Split Up Biggest US Banks (BBG) • Fed’s Asset Shift To Pose New Test Of Economy’s Recovery, Resilience
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I don’t know anything more than anyone else does, outside of the decision makers’ circle, about the reasoning behind the Tomahawk missile attack on a Syrian airport. Have the US neocon warmongers won over Trump and the White House, as I see suggested? Have the Goldmanites? Is that the same group of people? If Trump has conceded to the warmongers, will Putin be next in line? Should Russia have pushed through when it had the upper hand in Syria,
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DPC Oyster luggers along Mississippi, New Orleans 1906 • Euro Saves Germany, Slaughters the PIGS, & Feeds the BLICS (Hamilton) • Greece Wants Eurozone Summit If Deal On Bailout Doesn’t Happen Soon (AP) • Half Of American Working Families Are Living Paycheck To Paycheck (MW) • Trump Top Economic Adviser Cohn Backs Split Of Lending, Investment Banks (BBG) • IMF Explains How To Subvert Resistance Against Elimination Of Cash (Häring) • Precursors to the ’08 Crisis are Repeating Now
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Ramón Casas Decadence 1899 Reading up on the Syria ‘chemical attack’ issue (is that the right term to use?). The headlines are entirely predictable, and by now that probably won’t surprise anyone, no matter where they are or what views they adhere to. We know there’s been an attack and that some kind of chemical was used. The media talk about sarin. They also, almost unanimously, blame the Syrian government of Bashar al-Assad for it. But that’s the same
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DPC Times Square seen from Broadway 1908 • JPMorgan CEO Jamie Dimon Warns ‘Something Is Wrong’ With the US (BBG) • US Housing Boom Is Anything But as Ownership Loses Appeal (A. Gary Shilling) • Young Americans Are Killing Marriage (BBG) • The Comex Is The World’s Most Corrupted Market (IRD) • The Real Russiagate (Paul Craig Roberts – Michael Hudson) • Fed Leak Probe Dooms Lacker But Leaves Key Question: Who Leaked? (BBG) • I Tried To Ask
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Esther Bubley Child living in alley near US Capitol 1943 • Living Standard Will Fall Without Productivity Boost, Warns IMF (G.) • 67% Of Low-Income Americans Worry A Lot About Hunger, Homelessness (ZH) • The Issue With China Isn’t Trade, It’s Excess Savings (Pettis) • Toronto Bidding Wars So Fierce That Homebuyers Skip Inspections • Can Housing Bubbles Be Stopped? (WSJ) • Cernovich Explains How He Learned About Susan Rice (ZH) • The Deep State Now Works For The
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Paul Wolff Frankfurt Opera House 1934 • ‘Buy Property In Sydney And You’re ‘Pretty Well Set For Life’ (WS) • Sydney Property Prices Rise Almost 20% In Past 12 Months (G.) • Australia Sticks With Blunt Instruments To Battle Housing Bubble (R.) • A ‘Sleeping Beast’ In The Markets Is About To Be Unleashed – SocGen (BI) • Commercial Real Estate Is The Next ”Big Short” (F.) • Euro Is A ‘Knife In The Ribs’ Of The French Says
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