DPC North approach, Pedro Miguel Lock, Panama Canal 1915 • EU Votes To Suspend Visa-Free Travel To Europe For Americans (Tel.) • Snap IPO “The Ultimate Example Of Bubble Trouble” (CNBC) • Snap IPO: A Shareholding Monarchy (G.) • What If The 1980-Secular Bull Is Still Running? (Roberts) • Global Banks Have Paid $321 Billion In Fines Since Financial Crisis (BBG) • Home Ownership In England At A 30-Year Low (G.) • More Than Half Of New-Build Homes In
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DPC League Island Navy Yard, Philadelphia. USS Brooklyn spar deck 1898 • Trump Will Create a Debt Crisis Like Never Before – David Stockman (Fox) • The End Of A 100 Year Global Debt Super Cycle Is Way Overdue (EC) • US Personal Income Climbs 0.4% In January, More Than Expected (RTT) • US Real Personal Spending Crashes Most Since 2009 (ZH) • Will Trump Build A Wall Protecting US Banks From Global Rules? (Davies) • Once Again, Trump
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Vivien Leigh in Gone With The Wind, directed by Victor Fleming, 1939 • Raising Pension Age Will Mean Many People Die Before Getting It (G.) • NY Teamsters Pension Fund Becomes First To Run Out Of Money (NYDN) • US Baby Boomers Forced By Law To Start Drawing From Retirement Funds (MW) • Greek Pensioners Brace For Latest Crisis Cuts (K.) • Merkel Bypasses Schäuble To Push For Greek Review Conclusion (K.) • US Stepping In To Ease Greece,
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Willem de Kooning Gotham News 1955 You could perhaps say that this is part 4 in a series on -America’s- peak wealth, even if it was never intended to be such a series; it just happened. First, in a February 18 essay about declining economic growth, “Not Nearly Enough Growth To Keep Growing”, I said “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s”. That
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Ben Shahn L.F. Kitts general store in Maynardville, Tennessee 1935 • A Hole in the Head (Jim Kunstler) • Trump’s Fed Can Start a Central Bank Revolution (BBG) • Trump Puts Final Touches on Speech Focusing on Economy, Defense (BBG) • Number Of Distressed US Retailers At Highest Level Since Great Recession (MW) • The Housing Crisis (Renegade) • China’s Continuing Credit Boom (NYFed) • ADB Says Emerging Asia Infrastructure Needs $26 Trillion by 2030 (BBG) • Greece Said
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Bruce Davidson Iran 1964 Let’s see. On February 18, I wrote an essay called “Not Nearly Enough Growth To Keep Growing”, in which I said “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s”. That provoked a wonderfully written reaction from long-time Automatic Earth reader Ken Latta, which I published on February 23 as “When Was America’s Peak Wealth?”. Ken put peak wealth sometime in
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Wyland Stanley Indian guides and Nash auto at Covelo stables., Mendocino County CA 1925 • The World’s Most Radical Experiment in Monetary Policy Isn’t Working (WSJ) • Giant Fiscal Bloodbath Coming Soon – David Stockman (USAW) • Marc Faber Warns Investors An ‘Avalanche’ Could Be Coming (CNBC) • What Does Steve Bannon Want? (NYT) • Where Did Steve Bannon Get His Worldview? From My Book.. (Howe) • Of Bread And Circuses (Admiral Ben Moreell, January 1, 1956) • Dijsselbloem
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DPC Elephants in Luna Park promenade, Coney Island 1905 • President Trump: Replace The Dollar With Gold (F.) • Marine Le Pen’s Aides Meet With Bankers To Discuss Euro Exit (BBG) • Dutch Parliament Commissions Report On Future Of Euro (R.) • Dutch Voters Are About To Set The Stage For Europe’s Elections (G.) • Fannie, Freddie Investors Lose In Court (Econ.) • Underground Network Readies Homes To Hide Undocumented Immigrants (CNN) • Washington Governor Bans Employees From Aiding
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Dorothea Lange Saturday afternoon, Pittsboro, North Carolina 1939 • Trump An ‘Idiot’ On China, ‘No Clue What Currency Manipulation Means’ (CNBC) • The Fiscal Horror Show Playing Soon in Washington (Stockman) • Homeland Security Report Disputes Threat From 7 Banned Nations (AP) • Multiple News Outlets Denied Access To White House Press Briefing (G.) • Tsipras Says The Era Of Austerity In Greece Is Over (AP) • Transcript Of IMF Press Briefing Thursday, February 23, 2017 (IMF) • Toronto
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Marion Post Wolcott Works Progress Administration worker’s children, South Charleston, West Virginia 1938 • France Scrapping The Euro Could Go Beyond A ‘Lehman Moment’ (CNBC) • Le Pen Says French Foreign Policy Must Be Decided in Paris (BBG) • Obamacare Just Hit Its Highest Popularity Ever (BI) • Former IMF Chief, Dozens of Former Bank Execs Sentenced to Jail in Spain (DQ) • Analyzing the Emerging World Order: The Future of Globalism (GR) • Increasingly Unhinged Russia Rhetoric From
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