‘Daly’ Somewhere in the South, possibly Miami 1941 • The ECB Is Creating A World Of Zombie Banks And Zombie Companies (HandBl.) • Stocks Have Only Been This Expensive During Times Of Crisis (BI) • UK Government Faces New Brexit Court Case (R.) • Senate Quietly Passes “Countering Disinformation And Propaganda Act” (ZH) • Does Krugman Really Support The Working Class? (Dean Baker) • Non-OPEC Oil States Agree To Cuts In ‘Historic’ Deal (AFP) • Quebec Paves Way For More
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Arthur Rothstein Interior of migratory fruit worker’s tent, Yakima, Washington 1936 • Donald Trump Team Takes Aim At CIA (CNN) • A Rising Stock Market Does Not Signal Economic Health (FEE) • Economist Streeck Calls Time On Capitalism (G.) • Nobel Economics Prize Winner: ‘The Euro Was A Mistake’ (EA) • Beware Of Panic Buying In Bank Stocks (MW) • Trump Has Unleashed The Stock Market’s ‘Animal Spirits’ (MW) • The Bond Market Doesn’t Believe Draghi (BBG) • Why China
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Arthur Rothstein Migratory fruit pickers’ camp in Yakima, Washington Jul 1936 • Trumponomics Will Collapse Under a Mountain of Debt (Stockman) • Shiller CAPE Ratio Signals ‘Overvaluation On A Very Grand Scale’ (CNBC) • The American Dream Is Fading And May Be Very Hard To Revive (WSJ) • Europe’s Comfort Blanket Is Being Pulled Away (AEP) • Albert Edwards’ ‘Most Frightening Chart’ (MW) • Australia Property Market Mirrors Tulip Bubble, Says Former Bank CEO (ND) • Top Official In Italy’s
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Caters Extremely rare albino elephant, Kruger National Park in South Africa Everything dies, baby, that’s a fact But maybe everything that dies someday comes back … Springsteen, Atlantic City “Erwin Schrodinger (1945) has described life as a system in steady-state thermodynamic disequilibrium that maintains its constant distance from equilibrium (death) by feeding on low entropy from its environment – that is, by exchanging high-entropy outputs for low-entropy inputs. The same statement would hold verbatium as a physical description of
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Jack Delano Cafe at truck drivers’ service station on U.S. 1, Washington DC 1940 • Trump Bull Market Bounty Tops $1 Trillion (BBG) • Trump Win Set Off $2 Trillion Shock Rotation to Stocks From Debt (BBG) • Wall Street’s Calling the Sheep to the Slaughter – Again! (Stockman) • The Fed Shouldn’t Be Driving US Economy – Trump Advisor Judy Shelton (CNBC) • China’s Banks Are Hiding More Than $2 Trillion in Loans (WSJ) • China’s Foreign Reserves Down
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Arthur Gerlach Children point towards Christmas toys at The Fair Department Store, Chicago 1940 The world is facing the “first lost decade since the 1860s”, said Bank of England governor Mark Carney this week. Arguably good for soundbite of the day, but the buck stops there. The only way that buck could have kept rolling would have been for Carney to take a critical look at himself and his employer(s), but there was none of that. The Canadian import
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Harris&Ewing Washington snow scenes 1924 • Trump: US Must End ‘Destructive Cycle of Intervention and Chaos’ (VoA) • ‘Chances Of Italy Staying In Euro For Next 5 Years Below 30%’ (Ind.) • Italian Interior Minister Sees New Elections In February (R.) • ‘A Landscape of Exhaustion and Moral Decay’ (G.) • Is Janet Yellen Trying To Screw Donald Trump? (Miller) • Trump’s Air Force One Tweet Was A Brilliant Move (CNBC) • The Equation That Explains It All (Mark St.Cyr)
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John M. Fox Midtown Dealers Corp. and Hudson showroom, Broadway at W. 62nd Street, NY 1947 • Mark Carney: World Is Facing The “First Lost Decade Since The 1860s” (BBG) • Trump Must Fire Janet Yellen – First Thing! (Stockman) • Matteo Renzi’s Resignation Temporarily ‘Frozen’ By Italian President (G.) • Italian Bank Shares Slump as Renzi Loss Adds to Uncertainty (BBG) • Italy Already Requested Monte Dei Paschi Bailout Before Referendum (R.) • Could Renzi’s Exit Lead To An
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Don’t let the door hit you on the way out.. • Bloody Hell, John Key Just Quit As Prime Minister (Spinoff) • Trump Picks Twitter Fight With China (AFP) • Italy PM Renzi Quits After Crushing Referendum Defeat (AFP) • Italy Bank Recapitalizations A Harder Road After Referendum Flop (CNBC) Austria Rejects Far-Right Candidate In Presidential Election (G.) • Greece Must Reform Or Leave Eurozone – Schäuble (G.) • Greece Sees Final Solution On Debt Crisis Amid Euro Uncertainty (R.)
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Wyland Stanley “J.A. Herzog Pontiac, 17th & Valencia Sts., San Francisco.” 1936 • Trump’s Unhappy Fate: A Financial Crisis Far Worse Than The Last (Rickards) • Trump’s Appointments (Paul Craig Roberts) • Petition To Reverse US Election Result Becomes Most Popular In History (Ind.) • Jill Stein Supporters Drop Pennsylvania Recount Suit (WSJ) • Jill Stein To Pursue Pennsylvania Recount Petition In Federal Court (R.) • Brent Caps Biggest Weekly Advance Since 2009 on OPEC Agreement (BBG) • Steve Keen,
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