Willem de Kooning Gotham News 1955 You could perhaps say that this is part 4 in a series on -America’s- peak wealth, even if it was never intended to be such a series; it just happened. First, in a February 18 essay about declining economic growth, “Not Nearly Enough Growth To Keep Growing”, I said “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s”. That
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Ben Shahn L.F. Kitts general store in Maynardville, Tennessee 1935 • A Hole in the Head (Jim Kunstler) • Trump’s Fed Can Start a Central Bank Revolution (BBG) • Trump Puts Final Touches on Speech Focusing on Economy, Defense (BBG) • Number Of Distressed US Retailers At Highest Level Since Great Recession (MW) • The Housing Crisis (Renegade) • China’s Continuing Credit Boom (NYFed) • ADB Says Emerging Asia Infrastructure Needs $26 Trillion by 2030 (BBG) • Greece Said
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Bruce Davidson Iran 1964 Let’s see. On February 18, I wrote an essay called “Not Nearly Enough Growth To Keep Growing”, in which I said “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s”. That provoked a wonderfully written reaction from long-time Automatic Earth reader Ken Latta, which I published on February 23 as “When Was America’s Peak Wealth?”. Ken put peak wealth sometime in
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Wyland Stanley Indian guides and Nash auto at Covelo stables., Mendocino County CA 1925 • The World’s Most Radical Experiment in Monetary Policy Isn’t Working (WSJ) • Giant Fiscal Bloodbath Coming Soon – David Stockman (USAW) • Marc Faber Warns Investors An ‘Avalanche’ Could Be Coming (CNBC) • What Does Steve Bannon Want? (NYT) • Where Did Steve Bannon Get His Worldview? From My Book.. (Howe) • Of Bread And Circuses (Admiral Ben Moreell, January 1, 1956) • Dijsselbloem
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DPC Elephants in Luna Park promenade, Coney Island 1905 • President Trump: Replace The Dollar With Gold (F.) • Marine Le Pen’s Aides Meet With Bankers To Discuss Euro Exit (BBG) • Dutch Parliament Commissions Report On Future Of Euro (R.) • Dutch Voters Are About To Set The Stage For Europe’s Elections (G.) • Fannie, Freddie Investors Lose In Court (Econ.) • Underground Network Readies Homes To Hide Undocumented Immigrants (CNN) • Washington Governor Bans Employees From Aiding
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Dorothea Lange Saturday afternoon, Pittsboro, North Carolina 1939 • Trump An ‘Idiot’ On China, ‘No Clue What Currency Manipulation Means’ (CNBC) • The Fiscal Horror Show Playing Soon in Washington (Stockman) • Homeland Security Report Disputes Threat From 7 Banned Nations (AP) • Multiple News Outlets Denied Access To White House Press Briefing (G.) • Tsipras Says The Era Of Austerity In Greece Is Over (AP) • Transcript Of IMF Press Briefing Thursday, February 23, 2017 (IMF) • Toronto
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Marion Post Wolcott Works Progress Administration worker’s children, South Charleston, West Virginia 1938 • France Scrapping The Euro Could Go Beyond A ‘Lehman Moment’ (CNBC) • Le Pen Says French Foreign Policy Must Be Decided in Paris (BBG) • Obamacare Just Hit Its Highest Popularity Ever (BI) • Former IMF Chief, Dozens of Former Bank Execs Sentenced to Jail in Spain (DQ) • Analyzing the Emerging World Order: The Future of Globalism (GR) • Increasingly Unhinged Russia Rhetoric From
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Times Square New York City, 1958 A few days ago, I wrote an essay entitled “Not Nearly Enough Growth To Keep Growing”, in which I posited, among many other things, that “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s” along with the question “..was America at its richest right before or right after Nixon took the country off the gold standard in 1971?” That
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Jack Delano Colored drivers entrance, U.S. 1, NY Avenue, Washington, DC 1940 • The Absolute Dominance Of The US Economy, In One Chart (MW) • Trump Scorns the IMF’s Globalism, and Now He Gets to Vote on It • The Problem with Gold-Backed Currencies (CHS) • What’s So Great About Europe? (BBG) • Italy Warned by EU Over High Public Debt With Spillover Risk (BBG) • ‘Spain Is Ruined For 50 Years’ (Exp.) • Why Greece’s Crisis Has Broken
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DPC Launch of battleship Georgia, Bath, Maine, Oct 1904 • Finance as Warfare: IMF Lent to Greece Knowing It Could Never Pay Back (CP) • Will EU and IMF Finally Offer Light At The End Of The Greek Debt Tunnel? (G.) • France Exiting The Euro Would Be Largest Sovereign Default In History (CNBC) • EU Tax Chief Admits Le Pen Win Would Be The End Of The European Project (CNBC) • Marine Le Pen’s Party’s Headquarters Raided Over
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