Unknown Dutch Gap, Virginia. Picket station of Colored troops 1864 • Financial Conditions Are Rigged Against Donald Trump (BBG) • Big Short’s Steve Eisman: ‘Europe is Screwed’ (G) • Emerging Markets Borrowers Owe $3.2 Trillion In -Rising- Dollar Debt (BBG) • Dollar’s Rapid Gain Triggers Angst in Emerging Markets (WSJ) • Global Bonds Post Biggest Two-Week Loss in 26 Years (BBG) • Bond Carnage hits Mortgage Rates. But This Time, it’s Real (WS) • US Dollar Sees Steepest 2-Week Gain
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Unknown Army of the James, James River, Virginia. 1865 • The End of Globalization? (Spiegel) • Global Trade Is Slowing (BBG) • US Recovery Is Heading Towards Its Death: Albert Edwards (CNBC) • US Retail Sales, Ignorance & Return Reality (Roberts) • How “Dynamic Scoring” Could Justify A Debt Driven Keynesian Stimulus (BBG) • How US Federal Revenues Have Been Used To Steer The Economy In The Past (BBG) • Yellen: I’m Not Stepping Down Until My Term Is Done
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Dorothea Lange Salvation Army, San Francisco, California. Unemployed young men 1939 • Who’ll Get Hit by Fallout of $11 Trillion US Commercial Property Bubble? (WS) • US Mortgage Applications Crash 30% As Borrowing Rates Surge (ZH) • Congressional Panel Urges Ban On China State Firms Buying US Companies (R.) • Foreign Central Banks Liquidate Record $375 Billion In US Paper (ZH) • Panic In India As Gold Price Skyrockets After Currency Ban (AM) • Modi May Need Six More Months
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Unknown Wharf, Federal artillery, and schooners, City Point, Virginia 1865 • Trump Won’t Start A Trade War; He’ll Finish It (MW) • Trump Digs In For Major US Trade Reset With The World (CNBC) • Panic In Housing Market As Trump Effect Pushes Mortgage Rates To 4% (CNBC) • The Bond Vigilantes Are Back, And Trump Better Be Careful (CNBC) • Elizabeth Warren Criticizes Trump Transition Team’s Wall Street Ties (WSJ) • What Now? (Jim Kunstler) • GOP Rushes To
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George N. Barnard Atlanta, Georgia. View on Marietta Street 1864 • UK Government Has No Plan For Brexit, Leaked Memo Says (BBC) • Why India Wiped Out 86% Of Its Cash Overnight (BBC) • Asian Currencies Drop to 7-Year Low Against US Dollar (BBG) • The Euro-Dollar Parity Bet Is Back (BBG) • ‘Trump Thump’ Whacks Bond Market For $1 Trillion Loss (R.) • China: Trump’s First Crisis? (JP Smith) • China’s Central Bank Faces Trump Headache (BBG) • The
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Wyland Stanley Transparent Car, General Motors exhibit, San Francisco 1940 • Era of Low Interest Rates Hammers Millions of Pensions Around the World (WSJ) • President Trump Will Fumigate The Fed (Mises Inst.) • Teslas in the Trailer Park: California Faces Its Housing Squeeze (NYT) • China Home Sales Value Rose 38% YoY in October (BBG) • Emerging Market Bond, Currency Markets Face ‘Meltdown’ After Trump Win (CNBC) • Bond Rout Deepens as Trump Bets Boost Dollar, Industrial Metals (BBG)
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Esther Bubley Waiting for Greyhound bus trip from Memphis to Louisville, KY 1943 Been scribbling several some post-election notes over the past few days, it seemed a good idea to not publish things too soon after the upset, even if I at least had the advantage that it wasn’t that much of a surprise or upset. But I’ve read far too many people too eager to write about how they haven’t moved an inch, and too many others who
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Andy Thomas: Grand Ol’ Gang • Stupid Americans Elect An Absurd and Dangerous President (Spiegel) • Trump Adviser Scaramucci Takes Aim at Conservatives’ Budgetary Restraint (BBG) • Trump’s Truthful Heresy On Globalization And Free Trade (Steve Keen) • Clinton Blames FBI’s Comey For Her Defeat In Call With Donors (R.) • Sidney Blumenthal: Right-Wing FBI Agents Took Down Hillary In Coup D’État (ZH) • NY Times Publisher Vows To ‘Rededicate’ Paper To Reporting Honestly (Fox) • President Trump: How &
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Harris&Ewing National Press Club Building newssstand, Washington DC 1940 • Escaping the Soulless Machine (Steen Jakobsen) • Moving Past Never Trump (NR) • Donald Trump Appears To Soften Stance On Range Of Pledges (G.) • The Clintons And Soros Launch America’s Purple Revolution (Madsen) • A Visit to Trump’s America (Speed) • Supporters To Trump: Break Campaign Promises At Your Peril (R.) • Trump Spells End of Normality for Europe (Spiegel) • Trump’s Rise Comes As No Surprise On England’s
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Leonard Cohen 21 September 1934 – 7 November 2016 • The End of Growth and the Rise of Trump (Tyee) • Donald Trump Is Moving To The White House, And Liberals Put Him There (Frank) • Rupee Note Cancellation Plunges India Into Panic (G.) • Emerging-Markets Rout Deepens as Europe Shares, Commodities Rise (BBG) • China Household Debt/GDP More Than Doubled In Under 10 Years To 40.7% (R.) • China’s Yuan Set for Steepest Weekly Loss Since January (BBG) •
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