DPC Provision store. Caracas, Venezuela 1905 • US Consumer Spending, Trade Data Signal Sluggish Growth (Reuters) • Still The Land Of Opportunity? (BBG) • It’s Official: The Oil Surge Was Driven By The Biggest Short-Squeeze Ever (ZH) • Barclays Warns Commodities May Slump in ‘Rush for the Exits’ (BBG) • Oil Firms Slow Exploration to Weather Low-Price Era (WSJ) • Saudi Economy Shows Deepening Signs of Strain (BBG) • Can Anything Rescue Japan From The Abyss? (Tel.) • ECB’s Gloomy
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Albert Freeman Mrs. Alice White at the War Fund Victory Store, Hardwick, VT 1942 • The Seven Countries Most Vulnerable To A Debt Crisis (Steve Keen) • Capital and Credit (Mr. Practical) • Japan’s Negative Rates A Looming Headache For Central Bank (Reuters) • Japan Seen Stuck With Negative Yields on 70% of Bonds for 2016 (BBG) 175% & debt growth in 2015 > 10% of GDP, ranked by debt growth Read more … “If all the savings are chased
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NPC Pittsburg Water Heater Co., Washington DC 1920 • Hugh Hendry: “If China Devalues By 20% The World Is Over” (ZH) • The Great Deflation: Stocks To Plunge 80-90% – Harry Dent (Maloney) • You Are -Still- Here (ZH) • US Banks Ramp Up Push for Home-Equity Lines (WSJ) • China Warns Officials: No Unrest, Or Lose Your Job (WSJ) • China Coal Use Slides Further On Weakening Industrial Demand (BBG) • Guessing The Future Without Say’s Law (Macleod) •
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Jack Delano Freight operations on the Indiana Harbor Belt railroad 1943 • US Q4 GDP Rose 1.4% As Corporate Profits Plunged (ZH) • World Trade Collapses in Dollars, Languishes in Volume (WS) • Bank of Japan’s Latest PR Move: ‘Negative Rates in Five Minutes’ (WSJ) • Foreigners Dumped More Japanese Stocks This Week Than Ever Before (ZH) • Yuan’s Fall Drags Down Chinese Companies (WSJ) • Shanghai Rolls Out Tightening Measures To Cool Home Market (Reuters) • Affordable Housing Crisis
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DPC Shoppers on Sixth Avenue, New York City 1903 • Bubbles Spread Like a Zombie Virus (BBG) • Junk Territory: US Corporate Debt Ratings Near 15-Year Low (CNN) • Earnings Growth Based On Debt And Buybacks? Totally Unsustainable (SA) • Everyone Is Worried That A Third China Bubble Is About To Pop (BI) • Coming to the Oil Patch: Bad Loans to Outnumber the Good (WSJ) • Traders Are Betting Heavily That The Pound Will Drop To 1980s Lows (BBG)
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John M. Fox National Peanut Corp. store on Broadway, NY 1947 • Goldman to Fed: Stop Worrying So Much About the Stronger Dollar (BBG) • China Sends Fed A Warning: Devalues Yuan By Most In 2 Months (ZH) • Pimco Sees 7% Drop For Yuan, ‘No. 1 Risk For Global Economy This Year’ (BBG) • Kyle Bass Is Wrong On China: Policy Adviser Li (CNBC) • China’s Debt Bubble Threatens Global Economy (Nikkei) • China Online P2P Financing Firms Face
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Jack Delano Atchison, Topeka and Santa Fe, Sibley, Missouri 1943 • Bank Earnings Get Mauled by “Leveraged Loan” Time Bomb (WS) • Former Stock Darlings Japan, Europe Rebuked as Stimulus Gets Costly (BBG) • Technical Analysts Warn This Stock Rally Is Not Going to Last (BBG) • London House Prices Rose Almost £500 A Day In January (Guardian) • Property Bubble Ghost Haunts Central Bankers Trying to Boost Prices (BBG) • US Mining Losses Last Year Wipe Out Profits From
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NPC Ford Motor Co., McReynolds & Sons garage, L Street, Washington DC 1926 • US Existing Home Sales Tumble 7.1% In Warning For Housing Market (Reuters) • Companies Haven’t Fudged Their Numbers This Much Since 2009 (Yahoo) • Beware of Draghi Dropping Hints (FT) • Central Banks Creep Toward Uncomfortable Role as Central Planners (WSJ) • The ECB and The Mississippi Company Bubble (Macleod) • Germany Must Leave Eurozone To Save It: Mervyn King (CNBC) • Government Debt Could Bring
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DPC Grace Church, New York 1905 • Majority Fears Future Generations ‘Will Never Be Able To Buy A Home’ (G.) • When Older People Do Better Than Those of Working Age (WSJ) • ECB Doing Whatever It Takes Can’t Push Euro-Area Banks to Lend (BBG) • Emerging-Market Currencies Fall Back to Earth After Fed Euphoria (BBG) • China Central Bank Governor Warns Over Corporate Debt (FT) • PBOC See-Saws -Again- On Yuan Rate Guidance (CNBC) • China Has a $590
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NPC Kidwell’s Market on Pennsylvania Avenue, Washington DC 1920 • World Is ‘Overloaded On Monetary Policy’, Says OECD (Tel.) • Central Banks Are Already Doing The Unthinkable – You Just Don’t Know It (Tel.) • Helicopter Drops By Stealth (Tel.) • Buyback Blackout Period Starts Monday (ZH) • Another False Oil Price Rally: Crossing A Boundary (Berman) • China’s Property Rally Has ‘Reached A Tipping Point’ (Forbes) • China’s Bottom Line to Avoid Systemic Risks, Vice Premier Says (BBG) •
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