Egon Schiele Port of Trieste 1907 • Trump Eager For Big Meeting With Putin; Some Advisers Wary (AP) • Three Journalists Quit CNN In Fallout From Retracted Russia Story (Fox) • US Congress To Stop Arms Sales To Gulf Until Qatar Crisis Is Solved (G.) • Democrats Help Corporate Donors Block California Single-Payer (IBT) • Bernanke: Economists Missed Populism, Inequality, But Are Here To Help (CNBC) • Europe’s Inequality Highly Destabilizing – Draghi (R.) • Change the Way Money
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Paul Klee Ghost of a Genius 1922 The Automatic Earth has written many articles on the topic of EROEI (Energy Return on Energy Invested) through the years, there’s a whole chapter on it in the Automatic Earth Primer Guide 2017 that Nicole assembled recently, which contains 17 different articles. Still, since EROEI is the most important energy issue there is at present, and not the price of oil or some new gas find or a set of windmills or
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Pablo Picasso Etude Pour Mercure 1924 • The Next Global Crash Could Arrive ‘With A Vengeance’ – BIS (CNBC) • Push On With The ‘Great Unwinding’, BIS Tells Central Banks (R.) • Japanese Banks at Risk as Borrowing in Dollars Doubles – BIS (BBG) • Four Pronged Proposal to End Japanese Deflation (Mish) • Japan’s Bond Market Grinds To A Halt (ZH) • “It’ll Be An Avalanche”: Hedge Fund CIO Sets The Day Of The Next Crash (ZH) •
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Marc Riboud Paris 1953 • Dems Push Leaders To Talk Less About Russia (Hill) • UK Housing Crisis Threatens A Million Families With Eviction By 2020 (G.) • The Answer Is Wages, Not Capital (Angusto) • Not All Fossil Fuels Are Going Extinct (BBG) • Reclaiming Public Services (TNI) • Contagion from the 2 Friday-Night Bank Collapses in Italy? (DQ) • Health Spending In Greece Down 40% In 2009-2015 (Amna) • Moody’s Raises Greece’s Sovereign Bond Rating After Bailout
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Fred Lyon San Francisco Cable Car rounding the curve at Jones Street 1946 • US New Home Sales Jump, Median Price Surges To Record High (R.) • Sydney Prices To Jump ‘Overnight’ As First-Home Incentives Kick In (D.) • The World Has Been Fitted With Two Debt Straightjackets (Steve Keen) • The Future Prospects For Japanese Banks Look Like Hell (Makoto Utsumi) • Europe’s Banking Union Is Dying in Italy (BBG) • Two Italian Zombie Banks Toppled Friday Night
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Fred Lyon Embarcadero lunch San Francisco 1948 • Americans Are Dying With An Average Of $61,500 In Debt (ZH) • 34 Biggest Banks in US Clear First Hurdle In Fed’s Annual Stress Tests (R.) • Credit-Card Debt Slaves Move to Top of Fed’s Bank Worries (WS) • Citizens Will Soon Turn Their Rage Towards Central Bankers (Albert Edwards) • UK Homelessness Surges 34% Under Tories Since 2010 (Ind.) • UK High Court Judges Tory Policy Causes ‘Real Misery For
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Paul Klee Analysis of Various Perversities 1922 • The Little Putsch That Could Beget a Great Big Coup (Stockman) • US Should Mind Its Own Business; It Shouldn’t Be In Syria (Ron Paul) • US Is A “Second Tier” Country (ZH) • America Grows Older And More Ethnically Diverse (BBG) • The Wheels Come Off Uber (Yves Smith) • Oil Prices ‘Like A Falling Knife’ (CNBC) • The Rise of a Prince Ends Doubts Over Saudi Arabia’s Direction (BBG)
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Fred Lyon Post&Powell Union Square San Francisco 1947 • 100% Chance of Recession Within 7 Months? (DR) • The Secret Source of Eternal Australian Growth (Steve Keen) • We Need A Public Inquiry Into The Economics Profession (Pettifor) • Where Are The Empty Homes In Kensington? (Whoownsengland) • Security…or Surveillance? Ron Paul Edward Snowden Interview (TAM) • Brazil Police Claim To Have Evidence President Temer Received Bribes (G.) • House Republicans Block Russia Sanctions Bill (ZH) • We Are
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Pablo Picasso Dans l’atelier 1954 • Putin: US Routinely Meddles In Russian And Other Elections (Zuesse) • Russia To Consider US Planes In Syria As ‘Targets’ (News.AU) • Absent Without Leave (Jim Kunstler) • Barclays and Four Executives Charged With Fraud In Qatar Case (BBC) • Two-Thirds Of Europeans Believe EU Should Take Hard Line On Brexit (G.) • Britiain’s Carmakers Face Brexit Cliff Edge (BBC) • UK Property Owners’ £2.3 Trillion Windfall ‘Created Huge Inequality Gap’ (G.) •
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Kandinsky Capricious Line 1924 • Britain’s Brexit jam is Brussels’ Too (Pol.eu) • EU Leaders Fear Fragile State Of Tories Will Lead To Brutal Brexit (G.) • Pain Without Gain: The Truth About British Austerity (G.) • France Gives Macron Big Majority With Little Enthusiasm (EUO) • German Politicians Hammer the ECB, But Only to Get Votes (DQ) • Central Bank Liquidity Is The ‘IV Drip’ Of The Rally (CNBC) • Mueller Has “Not Yet” Decided Whether To Investigate
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