DPC On the beach, Coney Island 1907 • ‘If You’re Investing For The Long Term, You’re Crazy’ (MW) • “The Next Time The World Comes To An End” – Jim Rogers (RV/ZH) • The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing (ZH) • As Fed Nears Rate Hikes, Policymakers Plan For ‘Brave New World’ (R.) • Coeure Says ECB May Need to Dive Deeper If Governments Don’t Act (BBG) • BOJ’s Kuroda Says Ready to Ease
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Jack Delano Mother of three, wiper at the roundhouse. Chicago & North Western R.R.” 1943 • America’s Biggest Economic Problem: Nobody Is Investing For Tomorrow. (MW) • The Stimulus Our Economy Needs (Da Costa) • Grim Employment Prospects For Young People Around The World (Economist) • Fed’s Jackson Hole Circus • Bill Gross Says Yellen’s Economy ‘May Never Walk Normally Again’ (BBG) • Losses Piling Up for S&P 500 as Weekly Drop Is Worst Since June (BBG) • World’s Biggest
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G. G. Bain On beach near Casino, Asbury Park 1911 • Japan July Consumer Prices Post Biggest Annual Fall In 3 Years (R.) • Dollar Stores’ Admission: Half Of US Consumers Are In Dire Straits (ZH) • QE Infinity: Are We Heading Into The Unknown? (CNBC) • A Less Weird Time at Jackson Hole? (John Taylor) • There May Not Be Too Many Tricks Left For The ECB and Bank of England (BBG) • China’s Great Divide: A New Cultural
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Harris&Ewing US Navy Yard, Washington. Sight shop, big gun section 1917 • ‘It’s Easier To Start A War Than To Forgive Debt’ (ET) • Mobius: Helicopter Money Will Be Japan’s Next Big Experiment, And Soon (BBG) • Central Bankers Eye Public Spending To Plug $1 Trillion Investment Gap (R.) • World Trade Falls for Second Quarter in a Row (WS) • Largest Oil Companies’ Debts Hit Record High (WSJ) • This is What’s Wrong with US Oil (WS) • Scotland
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G. G. Bain Asbury Park, Jersey Shore 1914 • British House-Buyers Dance With the Devil (BBG) • How America Accidentally Nationalised Its Mortgage Market (Economist) • Fed Going Out To Jackson Hole To Get Divorce From Markets (MW) • The Real Casualty Of Brexit: Reputations Of Economists Who Predicted Doom (MW) • Companies Must Sort Pension Black Holes Before Paying Out Dividends (Tel.) • Illinois Governor’s Office Warns Of Crippling Pension Payment Hike (R.) • Many Donors To Clinton Foundation
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DPC ‘On the beach, Palm Beach’ 1905 • Emerging Market Debt Up 24% In 2015 To $18 Trillion (VW) • China Caught In ‘Dead Money’ Trap; PBOC Pleads For Fiscal Stimulus (AEP) • China’s Best-Performing Bank A ‘Mirage’ Of Shadow Lending (BBG) • More Than 1.5 Million UK Households In Extreme Debt (G.) • Monetary Policy Has Nationalized The Japan Stock Market (CNBC) • Bank of Japan’s Rush Into Stocks Raises Fears Of Market Distortions (R.) • Fed Admits $4
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NPC Wilkins-Rogers Milling Co., Washington, DC 1926 • Oil Falls As August Price Rally Seen Overblown, China Fuel Exports Soar (R.) • Less Than 5% Of Japan Inc. Think Abe’s Stimulus Will Boost The Economy (R.) • Grim Outlook for the Economy, Stocks: Stephanie Pomboy (Barron’s) • Citi Is About to Relive the 2008 Derivatives Nightmare (MM) • The Brexit Question That Nobody Asked (BBG) • China Is Grappling With Hidden Unemployment (BBG) • Australia’s Unprecedented Collapse In Business Investment,
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Dorothea Lange Home of rural rehabilitation client, Tulare County, CA 1938 Our by now regular contributor Dr. Nelson Lebo III, the New Englander ‘lost’ in New Zealand, sent me another article, and it’s great (well, in my view). His title for the article may put some people on the wrong foot, but I think that’s alright. I’ve been to New Zealand a few times, and Nicole of course has even moved there, so I was aware of how poorly
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Dorothea Lange ‘A season’s work in the beans’, Marion County, Oregon 1939 • Neo-Liberalism Has Had Its Day. So What Happens Next? (G.) • BOJ’s Kuroda Says Won’t Rule Out Deepening Negative Rate Cut (R.) • EU Officials Ignored Years of Emissions Evidence (Spiegel) • The Sound of Blairite Silence (Paul Mason) • 53% Of Clinton Foundation Donors Would Be Barred Under Proposed Rule (ZH) • Leaked Memo Proves Soros Ruled Ukraine In 2014 (Duran) • The Aleppo Poster Child
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William Henry Jackson New Orleans, “Canal Street from the Clay monument” 1890 • A Black Swan The Size Of World War I (IBT) • Canadian Debt Slaves Pile it on (WS) • Things Keep Getting Worse For EU Banks (CNBC) • Brexit Armageddon Was A Terrifying Vision – But It Simply Hasn’t Happened (G.) • Over 500,000 UK First-Time Buyers Let Down By ‘Help To Buy’ Scheme (Sun) • A Dairy Firm at the End of the Earth Is Trying
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