AUG 30 SIT EC y POL
ZERO HEDGE
Ron
Paul Rages "Blame The Fed, Not China" For The Stock Market Crash.
Submitted by Tyler Durden on 08/30/2015
Following Monday’s historic stock market downturn, many
politicians and so-called economic experts rushed to the
microphones to explain why the market crashed and to propose "solutions”
to our economic woes. Not surprisingly, most of those commenting not
only failed to give the right answers, they failed to ask the right questions.
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"Something
happened The August
turbulence in global markets has produced significant shifts, including a 6.6%
fall in equity prices. The currencies of emerging market countries have
depreciated substantially against the G-4, while emerging market borrowing
rates for sovereigns and corporates have moved higher. Global oil prices have
been whipsawed as have G-4 bond yields. The speed and magnitude of these
movements is reminiscent of past episodes in which financial crises emerged or
the global economy slipped into recession. However, nothing appears
to be breaking."
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In markets distorted by permanent manipulationthe most powerful
incentive is to borrow as much money as you can and leverage it as much as you
can to maximize your gains in risk-on asset bubbles. However, a
core dynamic is laying waste to global financial markets: the greater
the level of central bank/government manipulation, the greater the systemic
fragility.
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...one theory is that some within the Fed realized that QE
wasn’t working, and never worked, thus another path was needed. But
what alternative did they have, since rates were already ZERO? So maybe
they changed courseand took a strong dollar policy vs. a weak one to
intentionally weaken the commodity sector and thus boost consumer spending. Throughout
this down turn, that message has been repeated by Yellen herself many times, as
a source of economic stimulus and for sure has been repeated over and over in
the media and the talking heads of Wall Street.
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Leveraged
Financial Speculation In The US At A Familiar Peak, Once Again. S- by Tyler
Durden on 08/30/2015
Like a dog
returns to its vomit, the Fed's speculative bubble policy enables the one
percent to once again feast on the carcass of the real economy. 'And no one could
have ever seen it coming.' Once is an accident. Twice is no
coincidence. Remind yourself what has changed since then. Banks have
gotten bigger. Schemes and fraud continue. What will the third time be
like? And the fourth?
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The
End Of "The Permanent Lie" Looms Large. by
Satyajit Das via The Sydney Morning Herald, S-by Tyler
Durden on 08/30/15
Economic
problems are now compounded by lower population growth and ageing populations;
slower increases in productivity and innovation; looming shortages of critical
resources, such as water, food and energy; and man-made climate change and
extreme weather conditions.
Future
generations will bear the bulk of the cost as they are left to tackle the
unresolved problems of their forebears. … Governments are unwilling to tell
the truth about the magnitude of the economic problems, the lack of solutions
and cost of possible corrective actions to the electorate.
For the moment, to paraphrase Alexander Solzhenitsyn, the
“permanent lie [has become] the only safe form of existence”. …. But the
world cannot postpone, indefinitely,dealing decisively with the
economic, resource management, social and political challenges we face.
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"This feels like 2008 all over again," as NPR
reports the latest Iowa Poll showed Sanders just 7 points
behind Hillary Clinton, who leads 37 to 30 percent among likely Democratic
caucus-goers. Why 2008? As NPR notes, that's when a heavily
favored Clinton stumbled and lost to Barack Obama, then a young senator whose
middle name, Hussein, was the same as a dictator the U.S. had just overthrown
and whose last name rhymed with America's Public Enemy No. 1. And
while the socialist septuagenarian continues to surge, Hillary faces yet
another 'issue', as Yahoo
Tech reports, 1 million (or one third) of her 'apparent'
Twitter followers are fake.
[ The trend: a graphic shows they are going
in different –opposite- directions. Hillary is going down & Sanders is
moving up. See Graphic: ] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/08-overflow/20150830_bernie3.jpg
Source: http://www.zerohedge.com/news/2015-08-30/sanders-surges-1-million-fake-hillary-followers-exposed
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Since
2014 Foreign Central Banks Have Withdrawn 246 Tons Of Gold From The NY Fed.
Submitted by Tyler Durden on 08/30/2015
During the last crisis period, starting in March 2007 and
lasting through November 2008, foreign central banks withdrew gold for a total
of 20 out of 21 consecutive months, repatriating a grand total of 409 tons of
gold. The last period of peak redemption culminated with the failure of Lehman
in September 2008, the near failure of AIG in October and November 2008,
coupled with the Fed's bailout of the western financial system. If past is
prologue, one should ask: what current or future event is driving the ongoing
redemption of 246 tons of gold (and rising) from the NY Fed this time?
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$7.1
Trillion In Global Sovereign Wealth Fund Assets: The Infographic. S- by Tyler
Durden on 08/30/15
"The first three months of 2015 only saw a marginal
increase in SWF assets in the headwind of falling oil prices. TheCityUK expects
that SWFs’ assets will increase by 4% in 2015 to $7.4 trillion, well below the
12% average annual growth seen over the previous five years. Flows into some
funds could turn negative. Growth in SWFs’ assets is closely related
to the price of oil, as around 60% of SWFs’ assets originate from commodity
exports."
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Why
The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks.
Submitted by Tyler Durden on 08/29/2015
The virtuous circle that has sustained the dollar and buoyed
USD assets for decades has definitively been broken. Now, with China's Treasury
liquidation serving to exacerbate the pressure from the demise of the
petrodollar, it's critical to take stock of accumulated petrodollar reserves in
order to understand how large the unwind could ultimately be in a worst case
scenario. As it turns out, narrowly focusing on official FX reserves
could understate the size of petrodollar accumulation by some $2.5 trillion.
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===
VAR (invented at J.P. Morgan well before both the global
financial crisis and their entertaining London Whale drubbing) is an expression of the largest
possible loss, contained within a specified confidence interval. We can
for example explore the history of worst
weekly losses in the S&P, for each month starting more
than 5 years ago in January 2010 (and through May 2015). A total of 65
months. We can set a probability tolerance of just over 6%, and state
that the probability of seeing a loss greaterthan this VAR
should be less than or equal to ~6% (or 1 in 16
months).
[ el arte
de mentir con números tiene la simpleza de usar números y Stats para darle
autoridad a la auto-mentira .. Alguien se imagina la 5ta pata del gato y de
acuerdo a su dimensión establece un índice de efectividad del animal para cazar
ratones y para mantener equilibrio en la cuerda floja en la que esta = Ciencia
...? Yo lo que creo es que la farsa y el auto-enganio de los especuladores
tiene límites .. pueden mentirse a sí mismos y gozar su VARitonitis .. pero no
estafar al resto ]
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NEWS IN SPANISH
Colombia. Negocios cotidianos. Bandas paramilitares,
narcotráfico, y poder político y económico en Colombia y la frontera con
Venezuela. Juan Alberto Sánchez Marín
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Mentiras y medios. “Los medios han sustituido la información
política por el ruido y el morbo” Enric Llopis
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Perú . DEMAGOGIA HUMALISTA
EN EDUCACION Por Mauricio Quiroz. https://www.facebook.com/mauricio.quiroz.73113/posts/560753230744706
Humala
continua mintiendo al pais en educación en la entrevista que presenta
frecuencia latina el domingo 30 de agosto. Sigue el mismo camino de su ministro
de Educación Jaime Saavedra, incompetente ministro que ni siquiera puede
ejecutar el presupuesto asignado. Ofreció 6% del PBI para educación y ya
termina su gobierno y nada. …
Tampoco
existe articulación en el diseño curricular con el proyecto educativo nacional.
Al 29-08-15 se ha gastado el 40.5% en inversiones educativas cuando debería
estar en 70 %. …
En
infraestructura para instituciones educativas ha reducido el presupuesto que
paso de s/. 918 millones en el presupuesto de apertura para tener solo
s/. 632 millones en su presupuesto modificado anual. En materiales educativos,
tiene asignado s/. 152 millones y solo ha ejecutado a la fecha el 19 %.
Socialmente,
mantiene a cerca de 90,000 maestros en condición de contratados cuando su
gobierno recibió con menos de 15,000. Tiene a cerca de 200,000 maestros con
sueldos inferiores a 1,200 nuevos soles, sin ningún incremento en sus casi 5
años de gobierno. …
Pretende
evaluar a los maestros en su desempeño obligándoles a aceptar una ley de seudo
reforma magisterial nº 29944 que liquida la ley del profesorado nº 24029 pese a
que existe una demanda en curso ante la Comisión interamericana de derechos
humanos. …
Osea, humala
sigue mintiéndole al país. https://www.facebook.com/mauricio.quiroz.73113/posts/560753230744706
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
Pushing the Edge on Nuclear War. By
William R. Polk. Washington’s neocons and liberal hawks are
ratcheting up tensions again over Ukraine with the goal of humiliating and even
destabilizing nuclear-armed Russia
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American, Not Russian, Aggression is the Real
Problem. By Bryan MacDonald. The fact that genuine Russia
analysts, who understand the country, have been replaced by neocon nutters who
lump the nation in with the likes of Syria, ISIS and North Korea is, frankly,
disturbing
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Barak’s Tales of Israel's Near War With Iran
Conceal The Real Story. By Gareth Porter. A good cop/bad
cop routine by the US and Israel was in fact a strategy to get crippling
sanctions against Iran approved by the UN Security Council
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Palestine
Overwhelmed by Illegal American Immigrants. By Juan Cole. If there were a
Palestinian Donald Trump, he’d be fulminating against illegal immigrants
swamping the Palestinian West Bank
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Welcome To
The Trade Deal Wars. By Pepe Escobar. TPP has been developed as the
economic/trade arm of the “pivoting to Asia”
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Beijing
Bingo. By Eric Margolis. China’s raw
material import boom is finished. So watch out Canada, Australia, Brazil, Peru,
and Africa.
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PRESS TV
US
considering sanctions against China. Mon Aug 31, 2015 The US is
considering imposing a package of sanctions against Chinese companies and
individuals over the alleged cyber theft.
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‘Journalist
behind China market chaos’. Mon Aug 31, 2015 A journalist in China
confesses to causing a stock market crash.
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I
advised Snowden to go to Russia: Assange. Mon Aug 31, 2015 WikiLeaks
Assange says he advised NSA whistleblower Edward Snowden to seek asylum in
Russia.
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