NOV 3 15 SIT EC y POL
ZERO HEDGE
18
Bullets Showing That A Global Recession Is Already Here. by
Michael Snyder via The End of The American Dream, Submitted by Tyler
Durden on 11/03/15
The stock market has been soaring, but all of the hard
economic numbers are telling us that a major global recession is here.
This is so reminiscent of what happened back in 2008. Back then, all of
the fundamentals were screaming “recession” by the middle of that year, but the
equity markets didn’t respond until later. It appears that a similar
pattern is playing out right now. Just like in 2008, the irrational
optimists are going to keep chanting their happy mantras for as long as they
possibly can. www.zerohedge
Here some
extracts:
“The trade numbers,
the manufacturing numbers, the inventory numbers and even the GDP numbers are
all saying that a very significant economic slowdown is happening, but stock
traders haven’t gotten the memo yet. In fact, stocks had an absolutely
great month in October. Of course just like in 2008, stocks will
eventually catch up with reality. It is just a matter of time.
The following are 18 numbers that scream that a crippling global recession has
arrived…
#1 According to the biggest
bank in the western world, British banking giant HSBC, the world is already in
a “dollar recession“. Global
GDP expressed in U.S. dollars is down 3.4 percent so far in 2015, and total
global trade has fallen 8.4 percent.
#2 In September, Chinese
exports were down 3.7 percent compared to one year ago,
and Chinese imports were down a whopping 20.4 percent compared to a year ago.
#3 Demand for Chinese steel
is down 8.9 percent compared to a year ago.
#4 China’s rail freight
volume is down 10.1 percent compared to last year.
#5 In October, South Korean
exports were down 15.8 percent from a year ago.
#6 According to the Dutch government
index, a year ago global trade in primary commodities was sitting at a
reading of 150 but now it has fallen all the way down to 114. What this
means is that less commodities are being traded around the world, and that is a
very clear sign that global economic activity is really slowing down.
#7 U.S. exports are down 11 percent for the year so
far. The only other times they have fallen this dramatically since the
turn of the century were during the last two recessions.
#8 Since March, the amount
of stuff being shipped by truck, rail and air inside the United States has been falling
every single month on a year over year basis. If less stuff is being
moved around the country, does that mean that economic activity is growing or
declining? The answer, of course, is obvious.
#9 The ISM Manufacturing
Index, which is the most important measurement of U.S. manufacturing activity,
has fallen for four months in a row.
#10 The Dallas Fed’s
Manufacturing Outlook has dropped for 10 months in a row.
#11 Wholesale sales in the
U.S. have fallen to the lowest level since the last recession.
#12 The inventory to sales
ratio has risen to the highest level since the last recession.
This means that there is a whole lot of unsold inventory that is just sitting
around out there and not selling.
#13 It looks like a new
housing slump is emerging in the United States. Sales of previously owned
homes fell by 2.3 percent in September.
#14 New home sales in the
United States declined by a whopping 11.5 percent in September.
#15 Wal-Mart is projecting
that its earnings may fall by as much as 12 percent
during the next fiscal year.
#16 According to John Williams of
shadowstats.com, if the government was actually using honest numbers the
unemployment rate in the United States today would be 22.9 percent.
#17 According to Challenger
Gray, layoffs at major firms have risen to the highest level that we have
witnessed since 2009.
#18 The number of job
openings in the United States declined by 5.3 percent during the month of
August. That was a very large plunge for just one month.
But until stocks crash here in the United States, most
people are going to ignore all of the numbers above and will just keep
pretending that everything is going to be just fine.
Just like in 2008, the irrational optimists are going
to keep chanting their happy mantras for as long as they possibly can.
[ My comments:
If the stock market is soaring ..
then Keynesian economics works.. it can lead to growth though not to
development .. it can maintain a GDP stable though not strong enough .. it can
recycle the business cycle of quick boom and bursts at infinitum .. given the appearance of “normality” with
usual & new profiteers of crisis .. Thus –if this is so- the keynesian
economics is still alive and kicking. … When this is going to expire and how?
.. is -or should be- the main focus of economic researchers. ]
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Hugh
Hendry Says "Don't Panic"; Here Is Paul Singer Explaining Why You May
Want To. Submitted by Tyler
Durden on 11/03/2015
"The "bailout culture" often coincides
with sustained weak growth because, among other consequences, successful
companies have to compete with companies who are alive only because of cheap
credit. Overcapacity and inefficient production are engendered by such
policies, causing price and profit declines. Failure is an essential element
of capitalism, and if failure is politically denied, the most effective,
efficient and innovative solutions cannot "win" over the "living
dead" who clutter markets and consumer baskets."
[ Que viva la ley de
la jungla.. que sobreviva el más capacitado .. NOT more free-lunch
to the fatty hyenas of neoliberalism via QEs and bailouts .. that doesn’t
satisfy their gluttony .. let them dye .. RIP to
them.. que descansen en los POTS o sartenes hirvientes del infierno …
not peace to them ..RIP to them, que descansen IN POTS ]
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Peter
Schiff On QE's Creeping Communism: Washington Joins Tokyo On The Road To
Leningrad. Submitted by Tyler
Durden on 11/03/2015
“So this is the endgame of QE: Exploding debt,
financial distortion, prolonged stagnation, recurring recession, and the
eventual government takeover of industry and the economy. This appears to be
the preferred alternative of politicians and bankers who simply refuse to
let the free markets function the way they are supposed to. If interest rates
were never manipulated by central banks and QE had never been invented, the
markets could have purged themselves years ago of the speculative bubbles and
mal-investments. Sure we could have had a deeper recession, but it also
could have been much shorter, and it could have been followed by a far more
robust and sustainable recovery. Instead Washington has joined Tokyo on
the road to Leningrad.”
[ Neither
communists created QEs .. nor the Russian crashed plane arrived to Leningrad .. but it may arrive to a military station of the US-NATO … Politicians
and bankers known as neocons did not allow the free markets to die free.. as
they supposed to do… they protected their nasty business with QEs & bailouts .. and this do not
work anymore, … as the poet said “el cadaver siguio muriendo” .. If the
FED cut the cords that give artificial air & life to neoliberal economics
(with QEs) .. THEY WILL DIE AND “REST IN POT” ( in the
seven circle of hell –Dante- that is the meaning of RIP to them) . .. The
story-tell that markets could have
purged themselves years ago of the speculative bubbles and mal-investment, is
for idiots .. speculative bubbles and mal-investments (or frauds) is the essence of this system .. If cut it,
the old system die and a new system will emerge .. it happens in America (1936)
after the Glass Steagle Act .. when FDR cut the cords.. and it will
happens again if Bernie Sanders comes to power ]
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Dogfights
Next? US Sends F-15 Jets To "Counter" Russian Air Force Over Syria.
Submitted by Tyler Durden on 11/03/2015
Ahead of US spec ops deployment in Syria, the US is sending
F-15C Eagle twin-engine fighters to Turkey, suggesting The Pentagon is
preparing for aerial combat with the Russian air force.
[ Who is going to be protected by
the US F-15 JETS? For your answer you
have four choices:
A- The interest of Israel & Rothschild in the Sinai
B- The interest of the jihadist-mercenaries trained, armed & pay by the US-Saudis & Qatar ..
C- The interest of American corporations & their political puppets who below the table are receiving “donations” for their cause to “democracy, peace and freedom”..
D- None of them.. MEANS “noting” = we have nothing to defend in Syria .. we are going to sacrifice our pilots of US F-15 Jets in a wrong cause ]
A- The interest of Israel & Rothschild in the Sinai
B- The interest of the jihadist-mercenaries trained, armed & pay by the US-Saudis & Qatar ..
C- The interest of American corporations & their political puppets who below the table are receiving “donations” for their cause to “democracy, peace and freedom”..
D- None of them.. MEANS “noting” = we have nothing to defend in Syria .. we are going to sacrifice our pilots of US F-15 Jets in a wrong cause ]
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How
Beijing & The West Work Together To Manipulate The Global Currency War.
Submitted by Tyler Durden on 11/03/2015
If it smells like a rat it probably is a rat, and so it is
with respect to these deals by collusion between China and Western governments,
and their chosen corporate protégés, whether on currency or trade or investment
matters. This is all an exercise in some combination of crony
capitalism (with cronies on both sides!) and diplomacy by stealth. The
gains and gainers are deliberately kept opaque. The losers are much
less evident than the gainers, on whichever side of the fence, but principle
and practice tells us that the total losses are much larger than the gains.
[ “IF
IT SMELLS LIKE A RAT IT PROBABLY IS A RAT” .. The problem here is who are the
rats ?.. The IMF and acolytes who refused to implement the SDR to protect the
dollar .. or the manufacturers of this currency from the thin air via QEs and
bail outs? .. You answer these Qts.. you are intelligent ]
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21
Shocking Facts About The Explosive Growth Of Poverty In America. by
Michael Snyder via The Economic Collapse blog, Submitted by Tyler
Durden on 11/03/2015
The growth of poverty in the United States is wildly out of
control. It turns out that there is a tremendous amount of
suffering in “the wealthiest nation on the planet”, and it is getting worse
with each passing year. During this election season,
politicians of all stripes are running around telling all of us how great we
are, but is that really true?
Here some extracts
of this article:
The following
are 21 facts about the explosive growth of poverty in America that will blow
your mind…
#1 The U.S.
Census Bureau says that nearly 47 million Americans are
living in poverty right now.
#2 Other
numbers from the U.S. Census Bureau are also very disturbing. For
example, in 2007 about one out of every eight children in America was on food
stamps. Today, that number is one out of every five.
#3 According
to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on
Almost Nothing in America“, there are 1.5 million “ultrapoor” households in
the United States that live on less than two dollars a day. That number
has doubled since 1996.
#4 46 million Americans use food banks each
year, and lines start forming at some U.S. food banks as early as 6:30 in the
morning because people want to get something before the food supplies run out.
#5 The number
of homeless children in the U.S. has increased by 60 percent over the past six years.
#6 According
to Poverty
USA, 1.6 million American children slept in a homeless shelter or some
other form of emergency housing last year.
#7 Police in
New York City have identified 80
separate homeless encampments in the city, and the homeless crisis there
has gotten so bad that it is being described as an “epidemic”.
#8 If you can
believe it, more than half of all students
in our public schools are poor enough to qualify for school lunch subsidies.
#9 According
to a Census Bureau report that was released a while back, 65 percent of all children in the
U.S. are living in a home that receives some form of aid from the federal
government.
#10 According
to a report that was published by UNICEF,almost one-third of all
children in this country “live in households with an income below 60 percent of
the national median income”.
#11 When it
comes to child poverty, the United Statesranks 36th out of the 41 “wealthy
nations” that UNICEF looked at.
#12 The
number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.
#13 An
astounding 45 percent of all African-American
children in the United States live in areas of “concentrated poverty”.
#14 40.9 percent of all children in
the United States that are being raised by a single parent are living in
poverty.
#15 An
astounding 48.8 percent of all 25-year-old
Americans still live at home with their parents.
#16 There are
simply not enough good jobs to go around anymore. It may be hard to
believe, but 51 percent of all American workers
make less than $30,000 a year.
#17 There are
7.9 million working age Americans that are “officially unemployed” right now
and another 94.7 million working age Americans that are considered to be “not
in the labor force”. When you add those two numbers together, you get a
grand total of 102.6 million working age Americans that
do not have a job right now.
#18 Owning a
home has traditionally been a signal that you belong to the middle class.
That is why it is so alarming that the rate of homeownership in the United
States has been falling for eight years in a row.
#19 According
to a recent Pew survey, approximately 70 percent of
all Americans believe that “debt is a necessity in their lives”.
#20 At this
point, 25 percent of all Americans have a
negative net worth. That means that the value of what they owe is greater
than the value of everything that they own.
#21 The top
0.1 percent of all American families haveabout as much wealth as
the bottom 90 percent of all American families combined.
If we truly are “the greatest nation on the
planet”, then why can’t we even take care of our own people?
Why are there tens of millions of us living in
poverty?
Perhaps we really aren’t so
great after all.
It would be one
thing if economic conditions were getting better and poverty was in
decline. At least then we could be talking about the improvement we were
making. But despite the fact that we are stealing more than a hundred
million dollars from future generations of Americans every single hour of every single
day, poverty just continues to grow like an aggressive form of cancer.
So what is wrong?
Why can’t we get this thing fixed?
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The
Essence Of Modern Economics: Garbage In, Garbage Out. S- by Tyler
Durden on 11/03/2015
The fundamental
problem facing today’s economy is the flagrant contempt by governments
the world over for the free exchange of goods and services and private
stewardship of property.Perhaps it is power and control governments are
after. Maybe they believe they are improving the economy and making the world a
better place for all. No one really knows for sure. But what is
lucidly clear is the muddled disorder modern day economic policies have wrought
upon us.
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[“Garbage In,
Garbage Out” is a thesis that belongs to production function
theory in economics ]
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Banking 101. Submitted by Tyler
Durden on 11/03/2015
...what would "we, the people" do
without the banks?
[ Without banks vs.
without CURRENT BANKS ? .. if the later, we can create Local Bank &
cooperative Banks .. who need the big-mafia of banksters .. We can control our
own banks if decentralized federalism is implemented. ]
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New
Poll Shows Carson Overtaking Trump In National Poll. Submitted by Tyler Durden on 11/03/15
The mainstream media
is cock-a-hoop after CNBC-parent NBC and Rupert Murdoch-owned Wall Street Journal reveal a new national poll that shows
notjust Trump being beaten in 2nd place by Ben Carson (who is currently on a
book tour) but also shows Marco Rubio
surging (from 4% to 11%) if one wanted to spin it that way. Softly-spoken Carson, with 29% of the GOP primary voters polled, is ahead of
Trump (23%) for the first time in the campaign,
tripling his support since July (and as WSJ reports is the first Republican to top 50% when voters
2nd and 3rd choice are combined). On the other side of the scale, Bush's support is collapsing as Cruz
and Rubio accelerate. www.zerohedge
[ A nail of the same color take out the old rusty one soft and
easily. Images count in election and race too.. So, if Obama don’t mess up the
context with war, this could be the 2nd option after B. Sunders, or
either the one who will compete with him OR his ally in THE NATION FRONT for
RECONSTRUCTION ]
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US
Officials Outline "Secret" Summer Operation To Stop Flow Of Dollars
To ISIS. Submitted by Tyler
Durden on 11/03/2015 [ There is another way of reading this message: …]
“In the latest example of Washington playing catch up in the
global "war" on terror PR battle, “officials familiar with the
matter” have told WSJ about a concerted effort to cut off the flow of dollars
to ISIS. Allegedly, the US became concerned about the amount of hard currency
being shipped to Iraq over the summer. The problem: the requested amounts
didn’t seem to be consistent with the country’s economic fundamentals and so,
the US cut off Iraq’s access to dollar funding, nearly plunging the country
into crisis.” www.zerohedge
[ It is not exactly stoping the flow of dollars to ISIS the main objective of this stupid campaign.
ISIS has a lot of money from Saudis, Qatar and from the US too (under the
table: via training & via delivery of weapons) .. THE 1st
AIM IS TO ENTICE THE US NATION TO ACCEPT
THE IDEA THAT SUPPORTING ISIS IS OK: they are not terrorists (if they are, they are democratic
terrorists); that they are not mercenaries (if US and UKs were inside is
because they miss interpret the message from our top commanders, .. simple
mistake easily to be fixed) and maybe because they believe ISI are not
jihadists; they may want to convince us that ISIS behead is a quasi-medical
practice (that they have the right to be surgeons, later on). In short: they
believe that we are idiots.
THE 2ND
AIM IS TO COVER UP THE USES OF THE FED BUDGET TO PENTAGON, so the real secrecy is the false flag of this news. The FACT: is (a) the "Secret" Summer Operation To
Stop Flow Of Dollars To ISIS” was never secret: Most American know that we are
supporting terrorism. (b) The real intention is to keep “secret” more money to
them & keep out of scrutiny the budget for the Pentagon ..(c) In short,
they don’t want a disclose and analysis of that budget, so the FED & big US
corporations can continue investing money on ISIS terrorism worldwide]
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- S&P 500 Futures Slip as Aussie Gains on Rate Outlook; Oil Rises (BBG)
- Xi Says China Needs at Least 6.5% Growth in Next Five Years (BBG)
- Ben Carson Vaults to Lead in Latest Journal/NBC Poll (WSJ)
- World's Biggest Banks Still Not `Truly Resolvable,' FSB Says (BBG)
- Keystone XL's builder faced darkening prospects (Reuters)
- Merkel Says Germany Must Step Up World Role in Refugee Crisis (BBG)
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Infrared
Satellite Reveals Heat Flash At Time Of Russian Airplane Disaster. S- by Tyler Durden on 11/03/15
"U.S. intelligence analysts
believe it could have been some kind of explosion on the aircraft itself, either
a fuel tank or a bomb."
“To be clear, there's
always the possibility that this is a coincidence and that the explosion which
brought down the plane wasn't terror related, but given the circumstances, you
certainly can't blame anyone for suspecting the worst and as we noted
earlier, the Sinai Peninsula is well within the range of Russia's
warplanes flying from Latakia “www.zerohedge
[ So, Russian planes from Latakia could’ve shot the Russian passenger
plane.. that is the most insane speculation so far ]
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INFORMATION CLEARING HOUSE
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Is This War World III?. By Thea Paneth.
I know with what weapons WW3 will be fought, but WW4 will be fought with
sticks and stones. Albert Einstein . Human empathy is a road to transformative
change – that which we would not want to happen to ourselves is something we
must work to prevent happening to our fellow brothers and sisters
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Averting a
World of Failed States and Resource Wars. By Michael T. Klare. or the first time, the nations of the world will have
to step beyond national thinking and embrace a higher goal: the safety of the
ecosphere and all its human inhabitants.
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NOTICIAS IN SPANISH
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PRESS TV
China,
Taiwan set for momentous meeting.
Wed Nov 4, 2015 Chinese and Taiwanese presidents are set to meet in a first
such meeting between the two countries’ heads of state since the end of China’s
civil war.
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US
airline accused of racial discrimination . Tue Nov 3, 2015 A US airline
has been accused of racial discrimination over kicking seven black passengers
off a flight.
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'US
purposely provoking China, Russia'. Tue Nov 3, 2015 Obama must be removed in order to avoid a military
conflict with Russia and China in the near future, says an analyst.
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