viernes, 9 de enero de 2015

JAN 9 SIT ECO Y POL Another sad day in economics.



JAN 9 SIT ECO Y POL Another sad day in economics. 
See Zerohedge.com, below

GLOBAL RESEARCH

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INFORMATION CLEARING HOUSE

We Must Turn Back Before It Is Too Late. By George Galloway MP.
The idea that God, the master of the worlds, the creator of the universes is in need of "revenge" against a small satirical publication in Paris is absurd and makes a mockery of Islam.
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4TH MEDIA

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W-B

Top Russian, American and Polish Leaders Warn that Continued Fighting In Ukraine Could Lead to Nuclear War. Posted on January 9, 2015 by WashingtonsBlog . Mikhail Gorbachev warned today that the battle in Ukraine could result in a nuclear war. Steven Cohen  from the US – has warned that failure to negotiate a peace treaty in Ukraine could lead to nuclear war. Leading American political activist Noam Chomsky agrees. Australian doctor and Nobel prize winner Helen Caldicott warns. Indeed, Eric Zuesse says that the risks are so high – and the American leaders so reckless – that Russia is preparing for an expected nuclear attack by the U.S.
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How Obama Lied About Obamacare. Posted on January 9, 2015 by Eric Zuesse. in 2007 and 2008, he promised that his plan would be “making health insurance universal.” . In 2008, when his plan was in force for 15 months, the Gallup Poll has been tracking the percentage-rate at which Americans lacked health insurance. It started out at 14.6%, and on January 7th Gallup reported that it’s now 12.9%. In 2014, the Commonwealth Fund issued on 16 June  their study, “How the U.S. Health Care System Compares Internationally,” the Commonwealth Fund issued on 16 June 2014 their study, “How the U.S. Health Care System Compares Internationally,”  reported that: “The United States health care system is the most expensive in the world.
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If Paris Killers Had Western Media on Their Side. Posted on January 9, 2015 by DavidSwanson . Rewriting a drone killing as a gun killing (changing just a few words) would produce something like this: Freedom Fighters Gun Strike in Europe Is Said to Have Killed 12 Militants. In contrast, rewriting a Charlie Hebdo report as a drone report might produce something like this: Drone attack on Pakistani house kills 12.
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Islam, Blasphemy and Free Speech: a Surprisingly Modern Conflict. Posted on January 9, 2015 by WashingtonsBlog . By Ali Mamouri, Australian Catholic University. Blasphemy in the history of Islam. The sociopolitical background. From al-Rumi to al-Baghdadi.
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2015: The War on Our Intuition That Something Is Fundamentally Amiss. Posted on January 9, 2015 by Charles Hugh Smith . the problem is the political machinery and the corporate media are trying to manage perceptions rather than tackle the dysfunctional reality.
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SPUTNIK

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PRESSTV 

Mitt Romney considering run for president.  [If he still has his “savings” in Israeli banks, better quit. Tough, neither Rep nor Dem have good candidates for elections, if happens. Hugo Adan]
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Boko Haram deadliest massacre kills 2,000. Boko Haram militants kill as many as 2,000 people in their attack on Nigeria’s northeastern state of Borno.
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House approves Keystone XL oil pipeline, despite President Obama’s veto threat. [thread or trick?]
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Most Americans think US can’t defeat ISIL [if a pool selected people from Fox & CNN, it stand to reason such answer. Hugo Adan]
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‘Paris attack price of backing terror’. An analyst says the Paris attack is a result of France’s support for extremist groups.
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‘Humanitarian crisis looms in E Ukraine’. Amnesty warns that east Ukraine is on the verge of a humanitarian catastrophe.
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US to permanently station F-35s in UK. The US Defense Department plans to base two squadrons of F-35 fighter jets in the UK.
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ZERO HEDGE  

The Cost Of Obama's "Free" Community College Plan To Taxpayers? $60 Billion. Submitted by Tyler Durden on 01/09/2015 [SO, much less than manufacturing Drones? Hugo Adan]
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Ron Paul's Ten New Year’s Resolutions For Congress. Submitted by Tyler Durden on 01/09/2015. "By adopting these resolutions, Congress can make 2015 the year America begins reversing the long, slow slide toward authoritarianism, empire, national bankruptcy, and economic decline..."
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Empirical Proof Of The Giant Con. by Thad Beversdorf via First Rebuttal blog,  Submitted by Tyler Durden on 01/09/2015. For those of you not familiar with the giant con, it is the idea that our economy is growing when, in fact, it hasn’t had growth in decades with the exception of the late 1990?s.  The giant con is entirely a function of debt. The cost to the working class of falsify economic growth is beyond redemption.  In the end, the path is set and there is no escaping from the debt trap in which we snagged ourselves.  And so we bide our time until the weight of exponentially increasing debt collapses in on us.  But then we rebuild.. http://www.zerohedge.com/news/2015-01-09/empirical-proof-giant-con  The discrepancy is a result of the Fed adding debt principal into the growth factor of GDP. This is obviously not a prudent calculation of GDP growth.  Think about debt as an investment into our economy. But the reality of our economic situation is that we have dropped below a critical (mathematical) point of income distribution.. Additionally, all those printed dollars being pumped into the system are going to the very same small group of people whose marginal utility for consumption is now zero, and are thus allocating those excess funds to financial markets. This is essentially the perfect storm for a collapsing economy and we can see it manifest via velocity and income distribution.  Let’s have a look at what happens as resources become increasingly misallocated.


I can assure you if we were anyone but the USA we would already be on our knees praying to the gods of fundamentals for mercy.  Fortunately the central banking cartel, at least for now, is heavily reliant on the US dollar and military for its political power across the globe.  

We saw tremendous wealth increases to America’s royal families subsequent to the collapse of 1929.  Make no mistake that was not wealth creation but a zero sum gain.  Millions of working class lost everything, being forced to give up assets at pennies on the dollar to America’s wealthiest families.

The same transfer of wealth takes place during every boom bust cycle.  We are on the precipice of the third major bust since the beginning of the new millennium.   This next imminent bust, however, could define the final transfer of America’s wealth because the working class has been forced to put everything into stocks given bonds are paying zero return.  And so when the market tanks this time it will literally be the largest single transfer of wealth in the history of the world.

If you take one thing away from this piece please understand the Giant Con is the result of the misallocation of resources by policymakers.  It has benefitted them and theirs and is why the political class chose to cover it up with debt rather than reallocate.  The misallocation has destroyed the nation, the dollar and standard of living of the working class.  

We ensure future generations know not to succumb to the sweet songs of the Sirens of the Central Banks as these central bankers are an evil, gluttonous, pride filled, sociopathetic people who are devoid of conscience and any sense of humanity.   

They will be locked up next to the neoconsevatives in public cages to remind humanity of the monstrosity that once ruled this land.  

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The Road To War With Russia. Submitted by Tyler Durden on 01/09/2015. If it looks like a war, acts like a war and smells like a war, it may just be a war. The US has been waging economic, financial, trade, political and even kinetic war-by-proxy against Russia. The only question is why? [ARE THE ELITEs busy building their bunkers?. Hugo Adan]
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The Prison State Of America: More Jails Than Colleges. Submitted by Tyler Durden on 01/09/2015. As we recently noted, The Prison State of America is alive and well as our prison-industrial complex, which holds 2.3 million prisoners, or 25 percent of the world’s prison population, makes money by keeping prisons full. While the statistics are mind-boggling, we thought it particularly ironic that on the day when President Obama officially launched his "free community-college for all" plan, that we point out there are more jails than colleges in America... and here's where they live...
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All Over America, Government Officials Are Cracking Down On Preppers. Submitted by Tyler Durden on 01/09/2015. Why would the government want to punish people that are just trying to work hard, become more self-sufficient and take care of their families? If you use alternative methods to heat your home, or if you are not connected to the utility grid, or if you collect rainwater on your property, or if you believe that parents should have the ultimate say when it comes to health decisions for their children, you could become a target for overzealous government enforcers.
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Mikhail Gorbachev Warns of Major (Nuclear) War In Europe Over Ukraine. Submitted by Tyler Durden on 01/09/2015. Two months ago we reported that former Soviet leader Mikhail Gorbachev has warned that tensions between Russia and the West over the Ukraine crisis have put the world "on the brink of a new Cold War." That warning has now escalated as the 1990 Nobel Peace Prize winner told Der Spiegel news magazine, according to excerpts released on Friday, that tensions between Russia and European powers over the Ukraine crisis could result in a major conflict or even nuclear war, adding that "a war of this kind would unavoidably lead to a nuclear war."
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5 Things To Ponder: What This Way Cometh. Submitted by Tyler Durden on 01/09/2015. "Is the recent bout in volatility yet another ‘buy-the-dip’ opportunity or a sign of worse to come? What we find most interesting is that there is very little concern that something could negatively impact the markets. In fact, if anything would actually happen, it will just be a mild 10-15% correction. The problem is that historically, such outcomes have only been found in "rarified air."
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Crashing Crude Is "Unambiguously Bad" For These Americans. Submitted by Tyler Durden on 01/09/2015. In Harrison County, Ohio, drilling company worker Rick Lucente sums up all that is wrong with the mainstream media's narrative (puppeting even The Fed's great thinkers) about what great news low oil prices are... while his monthly gas bill for his Chevy pickup truck has dropped, he admonishes, "That’s not going to replace a paycheck... and I don’t know why this is happening." As the local mayor adds, the impact of the energy industry is widespread, oil prices affect almost every facet of their lives, from home values to roads to jobs.
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 US Rig Count Crashes At Fastest Pace Since 2009 To 14-Month Lows, Submitted by Tyler Durden on 01/09/2015. T. Boone Pickens was right. He made quite an appearance on CNBC on Dec 22: Oil is down "mainly due to weak demand," he explains... Pickens rages as he warns drilling rigs will be laid down on a very wide scale (just as we have noted previously). Arguing over 'peak oil', he calls CNBC chatter "bullshit" and laid out a rather dismal short- to medium-term outlook for the oil & gas sector: "demand is down" - "lower demand is the main driver" - "rig count (equipment or gear for drilling an oil well)  is gonna fall - drop 500 rigs in next 6-9 months" See T. Boone Pickens Rages On CNBC: "I Am The Expert, Not You", Says Oil Down Due To "Weak Demand" m http://www.zerohedge.com/news/2014-12-23/t-boone-pickens-rages-cnbc-i-am-expert-not-you-says-oil-down-due-weak-demand . Just as T.Boone Pickens warned, US Rig Counts are plunging. Down by 61 this week alone - the biggest weekly drop in over 5 years - at 1,750, this is now the lowest since November 2013 (and very close the lowest since 2010). The 10% or so plunge in the last 7 weeks is following the same trajectory as the 2008 collapse - which led to - just as Pickens suggested - a 50% crash in rig counts...
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Goldman Warns Market Implications Of Europe's Populist Revolt Are "Profound". Submitted by Tyler Durden on 01/09/2015. ...over time, grand coalition governments may only serve to ossify the re-orientation of political allegiances along the mainstream vs. populist dimension. If economic malaise persists to the next election, support for populist parties is likely to build, as scepticism about the adjustments required to sustain Euro area membership rises. The Greek experience points in this direction. Were this experience to extend to larger and more systemically relevant countries (such as Italy or Germany), the implications for markets would be profound.
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LNG Another Casualty Of Low Oil Prices. Submitted by Tyler Durden on 01/09/2015. The oil industry is facing rising debt from collapsing oil prices, but there could be another sector that becomes a casualty of the low oil price environment: liquefied natural gas (LNG).
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Old vs Young: The Story Of America's Two Labor Markets. Submitted by Tyler Durden on 01/09/2015. We have great news for America's increasingly aging work force: the number of workers 55 and over just hit 32.9 million, up 1.3 million from a year ago, and an all time high.  For those who happen to be young and, inexplicably, also want a job, we have “good news” too...  flip & sell burgers in Mc Donals or similar. [derived from the picture in this article, by Hugo Adan) See: http://www.zerohedge.com/news/2015-01-09/old-vs-young-story-americas-two-labor-markets
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The "Waiter And Bartender" Recovery: Most Food Service Jobs Added Since 2012. Submitted by Tyler Durden on 01/09/2015. For those wondering why average hourly earnings in December plunged by -0.2% on expectations of a 0.2% increase and why the November "Green shoot" surge in wages of 0.4%, which everyone took as a signal of imminent wage inflation was cut in half here is the answer: in December the number of workers employed in Food Service and Drinking Places, i.e., sub-minimum wage waiters and bartenders jumped by 43,600: the highest monthly increase since 2012. [Where?]
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Payrolls Reaction: Crude Lower As Bonds & Stocks Rally.  Submitted by Tyler Durden on 01/09/2015. While headline exuberance over the payrolls print sparked a kneejerk higher in stocks, the record drop in earnings and the further drop in the labor force are leading bond yields and crude oil lower. Gold is modestly hgher and the USDollar is rallying.
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Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Americans Not In Labor Force. Submitted by Tyler Durden on 01/09/2015. Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000.
And another chart that will not be mentioned anywhere: the Civilian Employment to Population Ratio: at 59.2%, it is now unchanged for 4 months in a row.


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Even Mark Zandi Admits It: Auto Loan "Credit Quality Is Eroding Now, And Pretty Quickly". Submitted by Tyler Durden on 01/09/2015. Just 2 days after President Obama reflected on his glorious 'save' of the US auto industry - forgetting to explain how so much of this 'buying frenzy' has been predicated on massive low-quality-borrower-based credit extensions - The Wall Street Journal bursts the bubble of 'contained-ness'. Auto loan delinquency rates are surging to levels not seen since 2008 and stunningly, more than 8.4% of borrowers with weak credit scores who took out loans in the first quarter of 2014 had missed payments by November. As even glass-half-full-status-quo-hugger Mark Zandi is forced to admit, "It’s clear that credit quality is eroding now, and pretty quickly."
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2015: The War On Our Intuition That Something Is Fundamentally Amiss . Submitted by Tyler Durden on 01/09/2015. What will you accept as real--your intuition that something is deeply amiss in America, or the official propaganda that all is well? The goal of this war is to persuade you to surrender your independence and intuition in favor of passive acceptance of the cleverly cloaked tyranny of the current arrangement. If they cannot persuade you, then disorienting you will do. Misdirecting your intuition is victory enough.
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What Wall Street Expects From Today's Payrolls Number. Submitted by Tyler Durden on 01/09/2015. Here are the consensus numbers that Wall Street expects out of today's NFP print:
  • US Change in Nonfarm Payrolls (Dec) M/M Exp. 240K (Low 160K, High 305K), Prev. 321K, Oct 243K
  • US Unemployment Rate (Dec) M/M Exp. 5.7% (Low 5.6%, High 5.8%), Prev. 5.8%, Oct 5.8%
  • US Average Hourly Earnings (Dec) M/M Exp. 0.2% (Low 0.0%, High 0.3%), Prev. 0.4%, Oct 0.1%
  • Whisper number: 270K
Some further details and market reaction speculation courtesy of RanSquawk: http://www.zerohedge.com/news/2015-01-09/what-wall-street-expects-todays-payrolls-number
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2 Dead After Another Armed Man Takes 5 Hostages In Eastern Paris Kosher Grocery Store. Submitted by Tyler Durden on 01/09/2015. According to AFP, Fresh shooting broke out in eastern Paris on Friday, with reports that an armed man had taken a hostage at a kosher grocery store. "The gunman was suspected of being the same man who killed a policewoman in southern Paris on Thursday, who is thought to have links to the assailants who stormed." AFP just added that at least 5 hostage are involved in the parallel hostage situation. [We can imaging the amount of sadness we will have here in America when the fake disappear and because of the amount of mercenaries we hire, train, armed and financed worldwide. War is a very profitable business for few big corporations, but it is sad for the whole humanity. War mongerism in the US media (Fox & CNN) should be considered a crime against peace and punished in courts. Hugo Adan]
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Submitted by Tyler Durden on 01/09/2015 - 07:52
  • Police Surround Paris Terror Suspects Near CDG Airport (BBG)
  • ECB Said to Study Bond-Purchase Models Up to 500 Billion Euros (BBG)
  • How OPEC Weaponized the Price of Oil Against U.S. Drillers (BBG)
  • German Industrial Production Falls Amid Plunge in Energy Output (BBG)
  • Car Loans See Rise In Missed Payments (WSJ)
  • Jim O'Neill threatens he will replace BRICs with ICs (BBG)
  • Oil heads for seventh weekly loss as supply glut drags (Reuters)
  • Armed man takes hostage in kosher grocery in Paris (AFP)
  • Janus Chairman Didn’t Know Details of Gross’s Investment (WSJ)
  • Kaisa Bondholders Dream of White Knight as Default Becomes Real (BBG)
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