MAY 14 SIT EC y POL
ZERO HEDGE
The
Regulatory State: Central Planning & Bureaucracy On A Rampage. Submitted by Tyler
Durden on 05/14/2015. “Federal regulation and intervention cost
American consumers and businesses an estimated $1.88 trillion in
2014 in lost economic productivity and higher prices. If U.S. federal
regulation was a country, it would be the world’s 10th largest
economy, ranking behind Russia and ahead of India. Economy-wide
regulatory costs amount to an average of $14,976 per household –
around 29% of an average family budget of $51,100."
----
3
Things: The Labor Hoarding Effect. Submitted by Tyler
Durden on 05/14/2015. While massive binges in stock buybacks and
accounting gimmicks have continued to blur the actual profitability of
businesses, the decline in jobless claims suggests that there is little
room from further reductions in body counts. However, that does not mean that
businesses must begin rapidly increasing employment and wages. Businesses are
indeed hiring, but prefer to hire from the "currently employed" labor
pool rather than the unemployed masses. The "bad news" is that for
those unemployed, full-time employment remains elusive, and wages remain
suppressed due to the high competition for available work.
----
George
Orwell's Final Warning. Submitted by Tyler
Durden on 05/14/2015. "...something like 1984 could very well
happen; this is the direction the world is going in at the present time. In
our world, there will be no emotions except fear, rage, triumph, and
self-abasement... but always there will be the intoxication of power...if
you want a picture of the future, imagine a boot stomping on a human face...
forever."
----
McCain
Joins Ukraine Advisory Committee Headed By Georgia's Fugitive Ex-President.
Submitted by Tyler Durden on 05/14/2015. John McCain may
find himself 'back in the (former) USSR' more frequently as the Senator landed
on Ukrainian President Poroshenko's list of advisers along with former Georgian
President (and current fugitive) Miheil Saakashvili. This should give
McCain an opportunity to realize his dream of turning the 'conflict' with
Russia into a proper war that self-respecting hawks can be proud of.
----
Yet
Another Chart That Whimpers "Recession". Submitted by Tyler
Durden on 05/14/2015. It's worthwhile recalling that mainstream
economists, the Federal Reserve, government agencies and the mainstream
financial media all deny the economy is in recession until it falls off a
cliff.
----
Even
The FDIC Admits It's Not Ready For The Next Banking Crisis. Submitted
by Tyler Durden on 05/14/2015. The FDIC explains,
banks have grown far larger and even more complex since 2008, and that "[s]uch
trends have not only continued, they accelerated as a result of the
crisis." The FDIC goes on to suggest that its current tools and
business model are “not sufficient to mitigate the complexities of large
institution failures." Not only are they not equipped to handle
it, they’re not entirely sure what to do: that’s why the FDIC is "seeking
comment on what additional regulatory action should be taken..."
----
"Obama's
Tax-The-Rich Plan Is Futile" Druckenmiller Warns, America's Aging
Population Is A "Massive, Massive Problem". Submitted by Tyler
Durden on 05/14/2015. "Young people are not going to be talking about
cutting back," exclaims billionaire hedge fund manager Stanley
Druckenmiller, ominously concluding "there will be nothing to cut
back." The reason he is so doom-full about the future - an aging population
will present a "massive, massive problem" for the U.S. in 15
years - as
Bloomberg reports, because of demographics, "we're just using
more and more of society’s resources to fend for the old people," warning
that Obama's plans to tax the rich to pay for more social services for the
poor would be futile.
----
Senate
Passes Obama's TPP Fast-Track Trade Proposal. Submitted by Tyler
Durden on 05/14/2015. Two days ago there was some rejoicing and much
surprise when the "Warren-faction" of Senate liberals turned against
Obama, and failed to vote for a fast-track approval of the TPP. That surprise
lasted for about 48 hours when moments ago, in a 65-33 vote, the Senate finally
advanced a measure allowing Obama to expedite approval of trade agreements, a
bill with bipartisan support in that chamber which however according to
Bloomberg may run into strong opposition from House Democrats.
----
The
Recovery Itself Unravels; Consumer Recession. Submitted by Tyler
Durden on 05/14/2015. If March was supposed to herald at least the
beginning of the anticipated yearly rebound, April put that idea to rest. We
have pushed way past last year’s “aberration” in the polar vortices and way
past even the immediate aftermath of the 2012 slowdown (which hit in the
also-snowy winter of 2013). You can make the argument that the full US
economy is not in recession but it is now exceedingly difficult to sustain any
position that doesn’t put the consumer already there.
----
Obama
Becoming Global Joke? King Of Bahrain Snubs US President, Meets Horse Instead.
Submitted by Tyler Durden on 05/14/2015. Having
been 'snubbed' by the new Saudi King Salman, it appears the uneasy
relationshipo with our 'allies' in The Gulf is ebbing. In what the State Department
will, we are sure, just brush off, Politico
reports that the king of Bahrain has apparently also snubbed President
Barack Obama, preferring instead to attend a horse show with Queen Elizabeth.
----
Saudis
Declare Victory Over Shale Just As US Oil Production Jumps, Bakken Wells Hit
Record. Submitted by Tyler
Durden on 05/14/2015. Yesterday, the FT reported that Saudi Arabia gloated
in declaring victory over US shale. “There is no doubt about it, the price
fall of the last several months has deterred investors away from expensive oil
including US shale, deep offshore and heavy oils,” a Saudi official told
the Financial Times in Riyadh, giving a rare insight into the kingdom’s
thinking on oil strategy. Which is great, but there are two problems. First,
any time someone say "there is no doubt about it", or "unambiguously
this or that", it is a lie. Second, Saudi Arabia is dead wrong.
----
Why
There Has Been No Recovery (In One Simple Chart): A Harvest Of Corruption.
Submitted by Tyler Durden on 05/14/2015. If the people
have no money, they may buy no goods, even essentials, without falling ever
more deeply into debt. That is not so difficult to understand... unless
your paycheck demands that you not only cannot understand it, but
not even see it, or talk publicly about it.
----
Consumer
Comfort Tumbles For Longest Streak In 18 Months. Submitted by Tyler
Durden on 05/14/2015. Confirming
Gallup's demise of the confidence of the consumer, Bloomberg's
non-government-sanctioned Consumer Comfort index has now fallen for the 5th
straight week - the longest streak of uncomfortableness since Nov 2013.
The index is barely above unchanged for 2015 with people in The South and
NorthEast feeling the misery the most in the last week (and rather oddly, only
the 65+ age cohort saw an improvement - rising rates?).
----
Wholesale
Deflation Strikes US Economy: April PPI Has Biggest Annual Drop In 5 Years.
Submitted by Tyler Durden on 05/14/2015. Something funny
happened on the way to the global reflation (telegraphed so loudly by the
recent surge in 10Y yields to the highest level of 2015): PPI just crumbled by
a sequential 0.4% in the month of April, despite expectations it would rise by
0.1% and continue the 0.2% monthly increase seen in March. This was
a -1.3% drop in PPI - the fastest fall in 5 years. Worse, the annual decline in
final demand goods was -5.2% Y/Y, the biggest drop in the revised series in
record!
----
Submitted by Tyler
Durden on 05/14/2015 - 07:37
- Amtrak train in Philadelphia wreck was traveling at twice speed limit (Reuters)
- The engineer has no recollection of the crash and “no explanation” for what happened (WSJ)
- Taliban claim attack on Afghan guesthouse that killed 14 (Reuters)
- Chicago’s Junk Rating From Moody’s Puzzles Investors (BBG)
- House votes to end spy agencies' bulk collection of phone data (Reuters)
- Wesley Clark: The Penny-Stock General (BBG)
- AOL’s Armstrong to Leave $213 Million Richer After Verizon Deal (BBG)
----
----
75%
of Americans Have Gum Disease … Here’s a Cheap, Do-It-Yourself Way to Prevent
It. Posted on May 14, 2015 by WashingtonsBlog . Most
Americans Have Gum Disease … Which Can Lead to Other Diseases The New York
Times notes that gum disease is rampant:
----
“Free
Trade” Run Amok: Canada Challenges U.S. Laws Reining In Banks. Posted
on May 14, 2015 by WashingtonsBlog .
----
Posted on May 14, 2015 by WashingtonsBlog . HSBC’s chief
economist Stephen King wrote today in a note to clients:The world
economy is like an ocean liner without lifeboats. If another recession hits, it
could be a truly titanic struggle for policymakers.
----
----
INFORMATION CLEARING HOUSE
The Syrian war stalemate appears to be over.
----
Our Right
to be Marxist-Leninists
By Fidel Castro Ruz
I wish to put on record our profound admiration for the heroic Soviet people, who provided humankind an enormous service.
----
By Fidel Castro Ruz
I wish to put on record our profound admiration for the heroic Soviet people, who provided humankind an enormous service.
----
Middle
Class? What Middle Class?
By Jack A. Smith
This boss of bosses in the U.S. is hiding in plain sight but its existence dare not be acknowledged.
By Jack A. Smith
This boss of bosses in the U.S. is hiding in plain sight but its existence dare not be acknowledged.
----
====
FUTURE FAST FORWARD
----
----
----
----
LATINO NEWS
La inmoralidad e ilegalidad de la deuda pública
griega. Vicenç Navarro
----
----
----
----
----
PRESSTV
US
goal not to marginalize Iran: Obama.
Thu May 14, 2015 President Obama said the US’ goal is not to “marginalize”
Iran amid certain Arab leaders' concern over a possible nuclear deal with the
Islamic Republic.
----
‘No
Iran access beyond Additional Protocol’. Thu May 14, 2015 Araqchi says
the IAEA's access to the country's non-nuclear sites would merely be within the
Additional Protocol.
----
No hay comentarios:
Publicar un comentario