DPC Madison Avenue, Memphis, Tennessee 1906 • Why Are We Looking On Helplessly As Markets Crash All Over The World? (Hutton) • China’s Stock Market Value Plummets By $600 Billion In One Week (Xinhua) • The Ugly Subtext Beneath China’s Two-Track Economy Tale (FT) • Buckle Your Seatbelts: China Could Rock Markets Next Week (CNBC) • China’s Economy Grew By Around 7% In 2015, Premier Li Says (Reuters) • The Fantasy And The Reality Of China’s Economic Rebalancing (CNBC) •
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DPC Union Station, Worcester, Massachusetts 1906 • US Stocks Post Worst 10-Day Start To A Year In History (MW) • What Goes Up, Comes Down Considerably Faster (ZH) • Wall Street Hemorrhages As Oil Tumbles And China Fears Deepen (Reuters) • Weak US Data Deluge Points To Sharply Slower Growth (Reuters) • A Recession Worse Than 2008 Is Coming (Michael Pento) • Looming Recession Shifts Fed Support From Equities To Dollar, Banks (Brodsky) • Global Earnings Downgrades Haven’t Been This
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DPC Foundry, Detroit Shipbuilding Co., Wyandotte, Michigan 1915 • WTI, Brent Oil Sink Under $30 (FT) • China Stocks Enter Bear Market as State-Fueled Rally Evaporates (BBG) • Asia Shares Hit 3-1/2-Year Lows As Oil Resumes Fall (Reuters) • A Towering Chinese Debt Mountain Looms Over Markets (BBG) • China’s Capital Flight (BBG) • China Wants a Reserve Currency and Control, But Can’t Have Both (BBG) • Layoffs and Unrest Loom in China as Growth Slows (BBG) • The Simple
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Russell Lee Tracy, California. Tank truck delivering gasoline to a filling station 1942 The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first $20 handle in many years, was that this should be triggering a Gawdawful amount of bets, $30 being such an obvious number. Which in turn would of necessity lead to a -brief- rise in prices. Apparently even that is not so easy to see, since when prices did
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DPC Oyster luggers along Mississippi, New Orleans 1906 • Asia Stocks Extend Losses, Japan’s Nikkei Falls 3.67% (CNBC) • Oil and US Stocks Tumble Over Fears For Global Economy (Guardian) • China Bear Market Looms as PBOC Fails to Stop Flight to Safety (BBG) • Q4 Will Be Worst US Earnings Season Since Third Quarter Of 2009 (ZH) • The Real Price of Oil Is Far Lower Than You Realize (BBG) • Crude At $10 Is Already A Reality For
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Jimmy King Bowie last photo on last birthday Jan 8 2016 • Beware The Great 2016 Financial Crisis, Warns Albert Edwards (Guardian) • Chinese Exports Post First Annual Decline Since 2009 (WSJ) • China’s Hefty Trade Surplus Is Dwarfed by Outflows (WSJ) • China Predicts Painful Year In 2016 As Trade Slumps (Guardian) • Behind Chinese Yuan’s Tiny Drop, Indications of True Crisis Lurk (BBG) • Chinese Shipyards Vanish With Appetite for Consuming Iron Ore (BBG) • China’s Banks Could
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V&APA Bowie age 16 in the Kon-Rads 1963 • RBS Cries ‘Sell Everything’ As Deflationary Crisis Nears (AEP) • An ‘Extremely Normal And Realistic’ 26% S&P 500 Drop Is Taking Shape (MW) • Oil Down 20% Since Start Of Year, $10 Target Looms (Reuters) • Plunging Prices Could Force A Third Of US Oil Firms Into Bankruptcy (WSJ) • China Resorts To ‘Nuclear Strength’ Weapons To Defend The Yuan (Guardian) • Chinese Official: Bets Against Yuan Are ‘Ridiculous and Impossible’
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Thin White Duke • David Bowie Dies Aged 69 (Reuters) • Chinese Stocks Down 5%, As Rout Ricochets In Asia (MarketWatch) • Chinese Stocks Extend Rout as Economic Growth Concerns Deepen (BBG) • Yuan Liquidity Extremely Tight, Interbank Rates Soar In Hong Kong (BBG) • London Hedge Fund Omni Sees 15% Yuan Drop, and More in a Crisis (BBG) • Australia Bet The House On Never-Ending Chinese Growth (Guardian) • India Concerned About Chinese Currency Devaluation (Reuters) • China PM:
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DPC Levee, Ohio River at Louisville, Kentucky 1905 • The US Economy Is Dead In The Water (Stockman) • America, Your Credit Rating Stinks (BBG) • Up To A Million Americans Will Be Kicked Off Food Stamps This Year (HuffPo) • How Debt Conquered America (Thacker) • Saudis Told To Prop Up Currency Amid Global Devaluation War Fears (Tel.) • Could Saudi Aramco Be Worth 20 Times Exxon? (WSJ) • Saudi Arms Sales Are In Breach Of International Law, Britain
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DPC Longacre Square, soon to be Times Square 1904 • Worst First Five Days of Year Ever For US Stocks Dim Outlook (WSJ) • The End of the Monetary Illusion Magnifies Shocks for Markets (BBG) • More Than 40% Of Young Americans Use Payday Loans Or Pawnshops (Ind.) • British People Donating Bodies To Science To Avoid Funeral Costs (Tel.) • Multiple Jobholders Responsible For 64% Of Net US Job Gains (ECRI) • First Profit Fall In 48 Years Looms
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