JAN 17 16 SIT EC y POL
THE
CHANGING FACES OF A CHAMELEON. Yesterday: Obama
Takes Iran Victory Lap: Yesterday was "Implementation Day"
for the Iran nuclear accord and no one
is happier about it than Presid Obama who is set to explain to America why
rapprochement with Tehran is in everyone's best interests. www.zeerohedge . TODAY US Treasury imposes new
ballistic missile sanctions on Iran. Of course Obama is
behind this move. Reuters noticed: “President
Barack Obama’s administration delayed implementing the sanctions for more than
two weeks, while negotiations to release two US prisoners being held in Iran
were taking place, Reuters reported”. Perhaps TOMORROW
he will say that we should follow the
example of Martin Lutter King. .. That will be pathetic, to say the less.
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1-James Petras: The
Islamic State: Past & Present Islamist, Democratic & NAZI International
Brigades In case you miss it
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2-The
Oil Pricequake - Political Turmoil In A Time Of Low Energy Prices - By Michael
T. Klare in case you miss it
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3-
MUST-WATCH
VIDEO: Turkey And Saudi Arabia Biggest Threats To World Peace – Sen. Black.
Video URL: https://youtu.be/gBTH1O_pIvE
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..
ZERO HEDGE
ECONOMICS
..
CRACKS AT THE
CORE OF THE CORE [ in the
neoliberal system ]. Exceprted
from Doug Noland's Credit Bubble Bulletin, Submitted by Tyler
Durden on 01/17/16 : It’s the “Core of the Core” that has attracted
enormous amounts of “money” over recent years. It’s also here where I believe
leverage has quietly been used most aggressively. Over recent years it became one massive Crowded Trade. Now the
sophisticated players must contemplate beating the unsuspecting public to the
exits.
FEW EXTRACTS from THIS ART
The
world has changed significantly – perhaps profoundly – over recent weeks.
The Shanghai Composite has dropped
17.4% over the past month (Shenzhen down 21%). Hong Kong’s Hang Seng Index was
down 8.2% over the past month, with Hang Seng Financials sinking 11.9%. WTI
crude is down 26% since December 15th. Over this period, the GSCI Commodities
Index sank 12.2%. The Mexican peso has declined almost 7% in a month, the
Russian ruble 10% and the South African rand 12%. A Friday headline from the
Financial Times: “Emerging market stocks retreat to lowest since 09.”
Recent
weeks point to decisive cracks at the “Core” of the U.S. financial Bubble. The
S&P500 has been hit with an 8.0% two-week decline. Notably, favored stocks
and sectors have performed poorly. Indicative of rapidly deteriorating economic
prospects, the Dow Transports were down 10.9% to begin 2016. The banks (KBW)
sank 12.9%, with the broker/dealers (XBD) down 14.1% y-t-d. The Nasdaq100 (NDX)
fell 10%. The Biotechs were down 16.0% in two weeks. The small cap Russell 2000
was hit 11.3%.
Bubbles
tend to be varied and complex. In their most basic form, I define a Bubble as a self-reinforcing but inevitably
unsustainable inflation. This inflation can be in a wide range of
price levels – securities and asset prices, incomes, spending, corporate
profits, investment and speculation. Such inflations are always fueled by some
type of underlying monetary expansion – typically monetary disorder. Bubbles are always and everywhere a Credit
phenomenon, although the underlying source of monetary fuel often goes largely
unrecognized.
It is the
“Core of the Core” where Federal Reserve (and global central bank) policies have
left their greatest mark. It is at the
“Core of the Core” where momentous misperceptions and market mispricing have
become deeply entrenched. It’s the “Core of the Core” that has attracted
enormous amounts of “money” over recent years. It’s also here where I
believe leverage has quietly been used most aggressively. Over recent years it became one massive
Crowded Trade. Now the sophisticated players must contemplate beating
the unsuspecting public to the exits.
[In the ] “Core of
the Core” analysis, investment-grade corporate debt has rather abruptly joined
the market turmoil. After
a rocky first week of 2016, investment-grade debt spreads widened again this
week to a three-year high, as investment-grade funds suffered their eighth
straight week of outflows. ..
..
Throughout the global government
finance Bubble period, I have often invoked the concept “Moneyness of Risk
Assets.” With the Federal Reserve and global central
banks determined to do just about anything to uphold booming securities
markets, the marketplace perceived that safety and liquidity were virtually
ensured. Trillions flowed into global stock and bond mutual funds, the
majority into perceived low-risk U.S. equities indexes and investment-grade
corporate debt products.
As securities market inflation inflated Household Net Worth,
spending increases bolstered corporate profits and income growth. Booming
markets, especially ultra-easy financial conditions throughout the corporate
Credit market, spurred stock buybacks and incited record M&A [Money-Assets?] activity. As noted above, Bubbles
are self-reinforcing but inevitably unsustainable. Especially with faltering
Bubbles at the “Core of the Core,” wealth effects will now operate in reverse.
Spending (household and corporate) will slow, with domestic issues joining
international to pummel corporate profits. Significant tightening in
corporate Credit will weigh heavily on both stock repurchases and M&A. And
as economic prospects darken at home and abroad, there will be reinforcing
downward pressure on U.S. equities and investment-grade corporate debt.
The
bottom line is that Bubbles destroy and redistribute wealth, though the true
effects are masked for a while by inflated securities and asset markets – along
with resulting unsustainable spending patterns and economic activity. Regrettably, years of policy
mismanagement, gross financial excess, deep structural maladjustment and the
most imbalanced economy in our nation’s history will now come home to roost. At this point, I cannot confidently forecast how quickly the
bust will unfold. I do, however, believe this process has begun as Bubbles
falter at the “Core of the Core.”
…
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The
Fed's Stunning Admission Of What Happens Next. Submitted by Tyler Durden on 01/17/2016 : "The events
of 1929 taught us that the absence of any rise in prices did not prove that no
crisis was pending. 1937 has taught us that an abundant supply of gold
and a cheap money policy do not prevent prices from falling."
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What
Crisis Is The Gold/Oil Ratio Predicting This Time?. Submitted by Tyler Durden on 01/17/2016 : For the last 30
years, when the ratio of gold-to-oil spikes, something systemically serious
occurs globally (as opposed to the usual bullshit "this is
transitory" statements). So
what happens next?
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Wells
Fargo Is Bad, But Citi Is Worse.
Submitted by Tyler Durden on 01/17/2016.: "While we are taking what we believe
to be the appropriate reserves for that, I'm just not prepared to give you a
specific number right now as far as the amount of reserves that we have on that
particular book of business."
[ Los
grandes banqueros que especularon y se enriquecieron con el system neoliberal se estan yendo a la merda… Y la cosa va a ser más
grave cuando ingrese el SDR en reemplazo del dólar. ]
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Foreign
Central Banks Furiously Dump US Treasuries: Record $47 Billion Sold In First
Two Weeks Of 2016. Submitted
by Tyler Durden on 01/17/2016 : According to the latest Fed data, after a drop of $12
billion in the first week of the year, another $34.5 billion in Treasurys held
in custody was sold in the week ended January 13, bringing the total to just
$2.962 trillion, below the previous recent low recorded in early November, and
at levels not seen since April 2015. Adding up the flows from the first two
weeks of the year reveals the worst and most custody holdings
"outflowing" start to the year in history.
[ Durante la
Guerra con Korea –despues de la 2da Guerra mundial, cuando rusos y americanos
se repartían el mundo- se decía “si cae Kolea .. cae pantalón”, hoy se dice “si
cae el dólar, cae calzón”.]
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POLITICS
Peak
Desperation: Clinton Campaign Deploys Wall Street 'Strategist' To Attack Bernie
Sanders. Submitted by Tyler
Durden on 01/17/2016 : Hillary Clinton’s campaign is absolutely imploding
right now. When people get desperate, they do desperate things, and the latest
move by the Clinton campaign reeks of putrid, panicked desperation. Of course, it makes perfect sense that
Hillary Clinton, JP Morgan and Bank of America would share the same strategist.
After all, they are the exact same brand.
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The
State Of Our Denial Is Strong. Submitted by Tyler
Durden on 01/17/2016 : Well, things did 'change'...
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MIDDLE EAST crisis
Obama
Takes Iran Victory Lap - Live Feed. Submitted by Tyler Durden on 01/17/2016 : Yesterday was
"Implementation Day" for the
Iran nuclear accord and no one is
happier about it than President Obama
who is set to explain to America why rapprochement with Tehran is in everyone's best interests.
..
[
He couldn’t
explained .. Obama is behind the US Treasury
imposes new ballistic missile sanctions on Iran “President Barack Obama’s
administration delayed implementing the sanctions for more than two weeks,
while negotiations to release two US prisoners being held in Iran were taking
place, Reuters reported”. In doing so, he left clear
that there are private interest who has
more power than his Presidency .. Israel
and Saudis plus Turkey & Qatar are behind those interests.. of course the
corporate media didn’t mentioned them.
Obama decided to accommodate himself to them and serve their interests .. Why?
Because of their policy in the ME (including the open & now hidden support
to ISIS) that match with Obama stupid theory of “Regimen Change” in Syria. .. In
less than 24 hours he changed his mood on Iran with the story tale that they have
missiles pointing at NATO allies.. One is asking “why to elect a
president” if these puppets sell themselves to big mafias with
insane interests?... Perhaps tomorrow he will talk on the example of Martin
Luter King, just when he did the opposite.]
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Iran
Unleashes Oil Flood, Will Quintuple Crude Revenue In 2016. Submitted by Tyler
Durden on 01/17/2016 : Iran is about to get a lot richer and according to
President Rouhani, "everybody is happy except the Zionists, the warmongers
who are fuelling sectarian war among the Islamic nation, and the hardliners in
the U.S. congress.". SEE ALSO: Oil
Plunges To $28 Cycle Lows As Iran Supply Looms, Stocks Slide: Iran
supply looms over an already over-glutted global crude market. Brent
is down even more (-3.7%). Dow futures are down 60 points at the open.
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Iran
supply looms over an already over-glutted global crude market. Brent is
down even more (-3.7%). Dow futures are down 60 points at the open.
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[
The Obama policy REGIMEN CHANGE is the most inhumane barbarity
in current history.]
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GLOBAL RESEARCH
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The
FBI’s Criminal Investigations regarding Hillary Clinton. Two Smoking Guns:
Espionage and Corruption By Andrew P.
Napolitano
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INFORMATION CLEARING HOUSE
The Citadel Is Breached: Congress Taps the
Fed for Infrastructure Funding. By Ellen Brown . Countries with
less in the way of assets have overtaken the US in innovation and efficiency.
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Face It: A Vote for Hillary Clinton Is a Vote
for War. By Nick Gillespie. Can we please stop kidding ourselves
that the likely Democratic candidate is different from most of her would-be
Republican rivals?
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Russian
Defense Ministry Learns Who Is Behind Syrian Observatory For Human Rights.
By Igor konashenkov. The organization’s head and sole employee was the man
called Ossama Suleiman, who moved to the UK in 2000 after having served three
prison terms in Syria
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NOTICIAS IN SPANISH
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EE.UU. Socialismo en EE.UU.?. Vicenç Navarro
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PRESS TV
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