Russell Lee Hollywood, California. Used car lot. 1942 • US Bondholders Risk a $1.1 Trillion Hit if Rates Spike (BBG) • US First Home Buyers Even More Leveraged Than During Housing Bubble (MW) • China’s Bad Credit (Balding) • Foreigners Shun Gilts On Hard Brexit Talk, As Hallowe’en Verdict Awaits (AEP) • The Cashless Society Is a Creepy Fantasy (BBG) • Greece in 2050: A Country For Old Men (Kath.) • Judge Rejects Riot Charges For Journalist Amy Goodman On
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Harris&Ewing Ninth Street N.W., Washington, DC 1915 • Dangerous Idiots: The Liberal Media Elite and Working-Class Americans (Smarsh) • If You Think Donald Is Bad, Imagine Donald Trump 2.0 (Carr) • Big Central Bank Assets Jump Fastest in 5 Years to $21 Trillion (BBG) • Euro ‘House Of Cards’ To Collapse, Warns ECB Prophet (AEP) • Let The Pound Fall and The Economy Rise (G.) • Europe’s Dramatic Fulcrum Point: Only Precedent Is 1930s (Hugh Hendry) • 43% of Britons
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‘Papa says they won’t hurt us’ • RBS ‘Dash For Cash’ Scandal: 500 Firms Suing Bank Turn On Regulator (Herald) • Scrambled Brexit Communications Worry UK Bankers (BBG) • Fresh British Veg ‘Could Be Wiped Out By Brexit’ (Sky) • Athens Protests Victoria Nuland Statement On Treaty Of Lausanne (Kath.) • Trump’s Refusal To Accept Intelligence Briefing On Russia Stuns Experts (WaPo) • Russia Slams ‘Unprecedented’ US Threats Over Cyber Attacks (AFP) • Builder-in-Chief: Erdogan’s Real-Estate Dream Drifts to
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Harris&Ewing Motorcycle postman, Washington, DC 1912 • US Deficit Up for First Time Since 2009 on Spending Surge (BBG) • Why the Economy Doesn’t Roar Anymore (WSJ) • Jim Rogers: Sterling Is In Serious Decline, Could Go Below Dollar (Ind.) • What The United States Needs (Varoufakis) • German Government Has Ruled Out Taking Stake in Deutsche Bank (WSJ) • Varoufakis, Others Deny Hollande’s Russian Drachma-Printing Claim (Kath.) • A Child Born Today Comes Into the World With More Debt
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Notre Dame Gargoyle, Paris France, 19th century Former British diplomat and MI6 ‘ranking figure’ Alastair Crooke quotes my September 26 article “Why There is Trump” so extensively in this article for Consortium News that I thought I might as well post the whole thing here at the Automatic Earth too. The other sources he also quotes -John Gray, Stephen Hadley among them- help to put my points in a solid perspective, which is nice to see. I can only hope
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Lewis Wickes Hine Newsies in St. Louis, N. Broadway and De Soto. 1910 • Fed Creates Junk Bond And Stock Market Bubble (SA) • Draghi Sends Corporate Yields So Negative the ECB Can’t Buy Them (BBG) • There’s No Plateau in a Housing Bubble, Not Even in Canada (WS) • 30% Junk Rally Gives Traders Heartburn (BBG) • China’s Tough Choice: Supporting Growth Or Controlling Debt (CNBC) • China Export Dip Tempts Policy Makers to Keep Weakening Yuan (BBG) •
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G. G. Bain 100-mile Harkness Handicap, Sheepshead Bay Motor Speedway, Brooklyn 1918 • China September Exports Plunge 10%, Imports Down 1.9% (R.) • Wave Of China Property Tightening Hits Home Sales During Holiday Week (R.) • Chinese Firms Unveil Debt Swaps As Beijing Struggles To Reduce Leverage (R.) • US Mortgage Applications Down 6%, Rates Rise (CNBC) • Where Will All the Money Go When All Three Market Bubbles Pop? (CHSmith) • If Europe Insists On A Hard Brexit, So
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NPC “Largest electric locomotive and Congressman John C. Schafer” 1924 • October 14 Is A $7 Trillion Moment of Truth in Markets (BBG) • Pound Sterling Behaves Like An Emerging Market Currency (Ind.) • Royal Bank of Scotland’s Vampire Unit Guilty Of Financial Terrorism (Fraser) • China Weakens Yuan Fixing for Sixth Day, Fuels Depreciation Talk (BBG) • China Banks May Need $1.7 Trillion Capital Injection To Cover Bad Loans (R.) • China Cities Face End of Fairy Tale as
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NPC Grand Palace shoe shining parlor, Washington DC 1921 • “How Do You Have Capitalism Without Any Cost Of Capital?” (BBG) • 7 in 10 Americans Have Less Than $1,000 In Savings (MF) • After Becoming Debt Slaves, Millennials Get Blamed for Lousy Economy (WS) • S&P 500 Triangle Chart Pattern ‘Warns Of A Big Selloff’ (MW) • The Bank of Mom and Dad is Australia’s Fastest-Growing Housing Lender (BBG) • Goldman Warns China’s Outflows May Be Worse Than They
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Elliot Erwitt New York 1955 If the US presidential debate last night showed anything, it must be that just about everyone has dug themselves into their trenches and had no desire whatsoever to ever came out. This seemed especially clear on the Hillary side, which appeared to include -to an extent- ‘moderators’ Anderson Cooper and Martha Raddatz, judging from their interruptions. But, granted, they were the only biased side in the discussion, so we don’t really know what trenches the
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