jueves, 23 de julio de 2015

JUL 23 SIT EC y POL



JUL 23 SIT EC y POL

ZERO HEDGE 




As goes the world, so goes America (according to 30 years of historical data), and so when world trade volumes drop over 2% (the biggest drop since 2009) in the last six months to the weakest since June 2014, the "US recession imminent" canary in the coalmine is drawing her last breath...
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The great lesson from history that each consecutive generations seems to forget is that the tools of tyranny used outward will inevitably be turned inward. That is to say, the laws and weapons governments devise for supposed enemies abroad will ALWAYS and eventually be used against the people they are mandated to protect. There is no centralized system so trustworthy, no political establishment so free of corruption that the blind faith of the citizenry is warranted. If free people do not remain vigilant they will be made slaves by their own leadership. This is the rule, not the exception, and it applies to America as much as any other society.
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The World Economy Visualized. Submitted by Tyler Durden on 07/23/2015

If itsy bitsy pie slice – Greece (.33%) – can create this much worldwide economic havoc because of their unpayble level of debt, imagine what will happen when the truth is revealed about France (3.81%), Italy (2.88%), and Spain (1.88%).

The world has run out of money to consume their shit. Japan (6.18%) is in the midst of a demographic and debt death spiral. The U.S. (23.32%) is living on borrowed time and the continued dominance of the USD. How long will it last? We are inhabiting in a world stacked with TNT run by monkeys with matches.


Today’s data visualization is the most simple breakdown of the world economy that we’ve seen. Not only is it split to show the GDP of dozens of countries in relation to one another based on size, but it also subtly divides each economy into its main sectors: agriculture, services, and industry.  

The lightest shade in each country corresponds to the most primitive economic activity, which is agriculture. The medium shade is industry, and the darkest shade corresponds to services, which tends to make up a large portion of GDP of developed economies in the world economy.

To take it one step further, the visualization also shades the countries by continental geography, to easily see the relative economic contributions of North America, Europe, South America, Asia, Oceania, and Africa.
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The pantsuit revolutionary is at it again. Once again demonstrating her populist chops by employing the services of lobbyists to bundle millions in campaign funds. It’s no wonder opinion polls on her have been plunging as of late.
[ This “democracy” is not about voting, it is about buying elections by crooks like Clintons who plan to sell the nation to big-evil companies.. The same happens with the Republicans ]
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"What Japan did provokes confrontation between the two countries, and is not constructive at all to the management of the East China Sea situation and the improvement of bilateral relations."
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Sometime this fall, the Federal Reserve will begin a new tightening cycle. Publicly, Federal Reserve officials appear to be confident that the American labor market may be overheating or that inflation may be on the way in. Is this the case? In looking at Employment, Industrial Production, Consumer Prices, Capacity Utilization, Retail Sales, and the West Texas Intermediate price of oil, there's no evidence that the Fed should raise rates. What is the Fed worried about? Probably, and almost exclusively, it's financial asset price appreciation.
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Earlier we asked in "one may wonder if NATO-member Turkey's land invasion of Syria, which many have said was long overdue following months of rhetoric and belligerent posturing, under the pretext of ISIS "liberation", has just begun." A following report from the WSJ largely answers our question: citing unnamed defense officials, WSJ reports that after months of negotiations, "Turkey has agreed to let the U.S. military carry out airstrikes against Islamic State fighters from a U.S. air base near the Syrian border."
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Innovation in technology reduces the need for labor. More individuals are sitting outside the labor force increase the demand for available jobs. Increased competition for available jobs suppresses wage growth. It is a virtual spiral that continues to apply downward pressure on an economy based nearly 70% on consumption. Importantly, what small increases there have been in unit labor costs have primarily come at the expense of higher benefit and healthcare costs rather than an increase in wages. As discussed previoulsy, for roughly 80% of the working labor force, wages have declined over the last five years. Janet Yellen is right that wages will have a hard time increasing without a pick up in productivity. The issue is that innovation IS the problem, not the solution. That is unless we begin to include the productivity of robots.
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The U.S. Strategic Petroleum Reserve (SPR), once seen as a cornerstone of America’s energy security, is losing its shine in Washington.
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As the following clip from Turkey's DHA news agency shows, one may wonder if NATO-member Turkey's land invasion of Syria, which many have said was long overdue following months of rhetoric and belligerent posturing, under the pretext of ISIS "liberation", has just begun.
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There has been a lot of chatter in recent days about the plunge in commodity prices - capped off by this week’s slide of the Bloomberg commodity index to levels not seen since 2002. That epochal development is captured in the chart below, but most of the media gumming about the rapidly accelerating “commodity crunch” misses the essential point. To wit, the central banks of the world have shot their wad.  The Bloomberg Commodity index is a slow motion screen shot depicting the massive intrusion of worldwide central bankers into the global economic and financial system. Their unprecedented spree of money printing took the aggregate global central bank balance sheet from $3 trillion to $22 trillion over the last 15 years. The consequence was a deep and systematic falsification of financial prices on a planet-wide scale.
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Initial Jobless Claims Plunge To Lowest Level In 42 Years. Submitted by Tyler Durden on 07/23/2015
Time for a rate hike?


While July 4th adjustments may indeed be a factor, it appears things have hardly ever been better - according to this data anyway.
Charts: Bloomberg
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We’ve spent the past few days in this space noting the recent thinning of the stock market advance. That is, despite the major averages continuing to hover near their 52-week highs, the internals are becoming uglier by the day. The main takeaway from this trend is that, should the relatively few areas of the market that are keeping it afloat begin to weaken, there will be precious little support left to prevent a significant correction. Indeed, we are beginning to see signs of deterioration now even among the stronger areas of the market.

For example, the technology-heavy Nasdaq 100 (NDX) has been one of the stalwarts of this bull market rally, leading the recovery of the past few weeks to new all-time highs. However, even among its ranks, the NDX is really starting to thin out.  =è IT CONTINUES …
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  • In Asia/Pacific, the sales decline was primarily due to lower sales in China and Japan.
  • Decreases in Latin America were primarily due to continued weak construction activity
  • Sales declined in EAME primarily due to the unfavorable impact of currency, as sales in euros translated into fewer U.S. dollars.
  • Sales declined in North America as weakness in oil and gas-related construction was largely offset by stronger activity in residential and nonresidential building construction.
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On Wednesday evening, Greece took another step toward transforming itself into a vassal state of Brussels when lawmakers passed a second set of prior actions ahead of formal discussions around a third program. As Deutsche Bank noted earlier this week, there’s something quite absurd about the adoption of the new bailout terms being left to a government whose leader openly opposes the deal. And Deutsche Bank isn’t alone in their skepticism. JP Morgan has more on why no one "should put the odds of Greece staying in the euro above 50%".
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Submitted by Tyler Durden on 07/23/2015 - 07:24
  • Greek PM keeps lid on party rebellion to pass bailout vote (Reuters)
  • Greek Prime Minister Alexis Tsipras Remains Popular Despite Tough Bailout Deal (WSJ)
  • Beijing's stock rescue has $800 billion bark, small market bite (Reuters)
  • Capital exodus from China reaches $800bn as crisis deepens (Telegraph)
  • Why Investors Shy Away From China’s $6.4 Trillion Bond Market (WSJ)
  • Oil Rigs Left Idling Turn Caribbean Into Expensive Parking Lot (BBG)
  • Bank of America replaces CFO in management shake-up (Reuters)
  • The Financial Buzz? Pearson to sell Financial Times (Reuters)
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"If in the short run, to paraphrase Benjamin Graham, equities are a voting machine, then it seems many of these votes are being coerced by interventionists.Central bankers the world over have become obsessed with asset prices, to the extent that the notion of central banks making outright purchases of equities is no longer confined to the lunatic fringe."
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A slow week devoid of virtually any macro news - last night the biggest weekly geopolitical event concluded as expected, when Greece voted to pass the bailout bill which "the government does not believe in" just so the ECB's ELA support for Greek depositors can continue - is slowly coming to a close, as is the busiest week of the second quarter earnings season which so far has been largely disappointing despite aggressive consensus estimate cuts, especially for some of the marquee names, and unlike Q1 when a quarterly drop in EPS was avoided in the last minute, this time we won't be so lucky, and the only question is on what side of -3.5% Y/Y change in EPS will the quarter end.
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INFORMATION CLEARING HOUSE

The US Hand in the Syrian Mess
By Jonathan Marshall
There is another side of the story in which Syria’s olive branches to the U.S. and Israel were spurned and a reckless drive for “regime change” followed.
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Israeli government's demand for "compensation" from the American taxpayers for the Iran nuclear Deal.

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The Iran Treaty   US leader said: I WON.  IRAN leader said: I WON
Uri Avnery
WHAT if the whole drama was only an exercise of deception? What if the wily Persians did not even dream of building an atomic bomb, but used the threat to further their real aims?
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Those Islamist scholars who eagerly exclaim “That's not Islam! Islam is a religion of peace and tolerance!” are missing the point: the ideology of ISIS/ISIL/Daash/Islamic Caliphate is still Islamrevolutionary Islam.
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Saying No to the Warmongers
By Jeffrey D. Sachs
The US warmongers seem to view any Islamist state as ripe for toppling.

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A Hidden World, Growing Beyond Control
By Danna Priest and William M.Arkin
The top-secret world the government created in response to Sept. 11, 2001, has become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work.
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GLOBAL RESEARCH

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This dissertation modelizes the Chinese government’s attitude to human rights into an intelligible paradigm more fit for discussion and comparison. Synthesizing official sources, it identifies a “Chinese Model of Human Rights” (CMHR) defined by three main characteristics: collectivism, materialism and sovereignism. It then evaluates this CMHR through three ideologically neutral benchmarks: utility, legality and coherence. Author:  Henri Feron.  

More on China approach on HR in the US, OPEN:

Related: If you want to compare this data with the previous  year, here it is:
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NEWS IN SPANISH

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Historia poco conocida del euro. La crisis viene desde el principio. Washington's Blog
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Brasil La crisis financiera.  Reajustando el ajuste  Eric Nepomuceno
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Colombia. -Para qué sirve la extradición en Colombia.  Nicolás Jiménez Iguarán
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RT- SPUTNIK & LATEST SHOWS 


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PRESS TV

'Israel tests dirty nuke for US false flag' Thu Jul 23, 2015 Israel is testing "dirty nuclear devices" which it could use in a "false flag attack" in the US to implicate Iran, a former CIA contractor says.
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Iraq closes in on ISIL-seized Ramadi. Thu Jul 23, 2015 Iraqi government forces are closing in on the flashpoint city of Ramadi.
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Kerry: Iran accord only viable option . Thu Jul 23, 2015 US Secretary of State John Kerry defends the Iran nuclear conclusion as he faces tough questioning at a Senate committee hearing.
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UN envoy in Syria to discuss peace plan. Thu Jul 23, 2015 The UN special envoy to Syria briefs the Syrian foreign minister on efforts to end the crisis in the Arab country. [Another US diplomatic trap ? ]
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‘ISIL bigger threat to US than al-Qaeda’ . Thu Jul 23, 2015 The ISIL terrorist group is a bigger threat to the United States than al-Qaeda, says the FBI director.
[Does the US create a terrorist org to terrorize now its own people.. what a sense of foreign policy? ]
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Glimmer hope for Alzheimer patients. Thu Jul 23, 2015 Alzheimer’S disease is incurable but new drug could delay the pace of brain decline for patients.
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