JAN 20 16 SIT EC y POL
Lofgren’s THE AMERICAN DEEP STATE
. Summary: Here is the Forward to Mike Lofgren’s important new book
about our Deep State, the center of the New America. The influence of the Deep
State affects the daily headlines, yet remains unremarked. Lofgren’s book
sketches the big picture of this institution.
ZERO HEDGE
Why We
Need A Recession. . by Ronald-Peter Stoferle via The Mises Institute, Submitted
by Tyler Durden on 01/20/2016 : "The return to monetary stability does not
generate a crisis. It only brings to light the malinvestments and other
mistakes that were made under the hallucination of the illusory prosperity
created by the easy money." www.zerohedge . Interesting article.. & divertido
EXTRACTS
According to the National Bureau of Economic Research
(NBER), a recession is defined as a “significant decline in economic activity
spread across the economy, lasting more than a few months.” Often, this
is understood as two consecutive quarters of negative economic growth as
measured by a country’s GDP.
..
Public opinion is generally quite simple in regard to
recession: upswings are generally welcomed, recessions are to be avoided. The
“Austrians” are however at odds with this general consensus — we regard
recessions as healthy and necessary. Economic downturns
only correct the aberrations and excesses of a boom. The benefits of recessions
include:
..
- Sclerotic structures in the labor market are broken up and labor costs decline.
- Productivity and competitiveness increase.
- Misallocations are corrected and unprofitable investments abandoned, written off, or liquidated.
- Government mismanagement of the economy is exposed.
- Investors and entrepreneurs who were taking too great risks suffer losses and prices adjust to reflect consumer preferences.
- Recessions also allow a restructuring of production processes.
At the end of the corrective process, the foundation for a
renewed upswing is more stable and healthy. We thus see deflationary
corrections as a precondition for growth in prosperity that is sustainable in
the long term. Ludwig von Mises understood this when he
observed:
The return to monetary stability does not generate a crisis.
It only brings to light the malinvestments and other mistakes that were made
under the hallucination of the illusory prosperity created by the easy money.
3 MORE SUBTITLES IN THIS ARTICLE
1-Can the Government Save Face?
2-Politics Trumps Economics
3- Concern from Outside the Austrian Camp
CONCLUSION
New debt serves primarily to keep the fragile edifice of
debt from collapsing; it doesn’t lead to new investment activity.
According to F.A. Hayek, these united global crisis
defense mechanisms only postpone the crisis which will take place at any rate,
only later and much more severely:
To combat a depression by a forced credit expansion, is akin to the
attempt to fight an evil by its own causes; because we suffer from a
misdirection of production, we want even more misdirection — an approach that
necessarily leads to an even more serious crisis once the credit expansion
comes to an end.
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[ No creo que los doctores de la Ec Americana quieran curar la
hepatitis terminal de los borrachos y mafiosos neoliberales dándoles nuevas
dosis de alcohol y droga (QE4).. en buena hora si la intención en mandarlos a
la tumba “once and for all” de una vez por todas .. pero creo que hay otra
forma mas rápida de despacharlos .. cortarles la mamadera. ]
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Goldman
Sends Out Chart Showing U.S. In Recession, Promptly Retracts It. Submitted by Tyler
Durden on 01/20/2016 Here the chart
Before: both lines, especially
the light blue, showed recession. After: the dark blue= no recession
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500! (And
Falling). Submitted by Tyler
Durden on 01/20/2016 : DOW(N) Jones Industrials
500 points off the close and falling...
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Markets In TurmOIL: Futures Plunge, Japan Enters Bear Market, Crude And Commodity Currencies Crash. Submitted by Tyler Durden on 01/20/2016 : It all started early last night when the front month oil contract dipped below $28 giving a taste of what was to come. It was all downhill from there.
First Chinese stocks
ended the recent ramp higher, with the Shanghai Composite closing down 1% back
under 3000, then Japan's rout accelerated with both the Nikkei (-3.7%) and the
Topix Index sinking into bear markets, both falling more than 20% from their
2015 highs.
DEPUES
de EUROPA .. JAPAN EMPIEZA A HUNDIRSE
RAPIDAMENTE
[ It follows a very good summary
of the world economic crisis .. the best so far.]
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World
Enters Bear Market - Global Equity "Dead Cat Bubble" Bursts. Submitted by Tyler
Durden on 01/20/2016 : History repeats, if you're just willing to listen. The
"Dead-Cat-Bubble" is dead as global stocks enter a bear market (down
20% from May 2015 highs) and US equities catch down to the rest of the
world.
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"If
Assets Remain Correlated, They'll Be A Depression": Ray Dalio Says QE4
Just Around The Corner. Submitted by Tyler
Durden on 01/20/2016 : Ray Dalio on Wednesday and unsurprisingly, the “zen
master” again predicted the Fed will reverse course and embark on more QE.
[ QE4 won’t solve nothing .. it will feed the mafias profiting
from neoliberal frauds .. the debt will be worse.. the final collapse cannot be
reversed.]
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Soon Comes
The Deluge. Submitted by Tyler
Durden on 01/20/2016 : .. another dead-cat bounce or two. But this market is going down for the count
owing to a perfect storm.
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Is
The Selling Over? Not According To This Chart. Submitted by Tyler
Durden on 01/20/2016 : You decide...
But, but, but
"it's just energy" - "storm in a teacup"?
Except investment grade credit is exploding too now, crushing the dreams of a post-earnings
"buyback"-driven rebound...
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Someone Is
Wrong Here. Submitted by Tyler
Durden on 01/20/2016 :
WSJ: "Economists, business executives and
American workers have waited a long time for the U.S. to shake off its
postrecession hangover. Robust growth often seemed right around the
corner—maybe next quarter, maybe next year. Not anymore."
CBO: "CBO anticipates that the economy will
expand solidly this year and next. Over the following years, CBO projects,
output will grow at a more modest pace, constrained by relatively slow growth
in the nation’s supply of labor. Nevertheless, in those later years, output is
anticipated to grow."
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More
Bad News For The Fed: CPI Drops In December Despite Rising Shelter Prices.
Submitted by Tyler Durden on 01/20/2016 : Great news
for American Consumers - the price of the stuff you buy with stagnant incomes
dropped in December by 0.1% (missing expectations of a 0.0% move). But what's
good for Americans is bad news for The Fed as this is a resumption of
deflation from mid-2015, and the biggest miss since January 2015. And
then there is the ugly news that behind ths headline is a 3.7% surge
in shelter costs YoY.
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Another
Blow For The Fed - Earnings Growth Slows To Weakest Since 2014. Submitted
by Tyler Durden on 01/20/2016 : Real average weekly
earnings rose a de minimus 0.1% MoM in December leaving 2015's YoY growth in
earnings at just 1.6% - the weakest since Nov 2014. This
Fed-narrative-destroying growth is less than half the rate in January 2015
when it peaked.
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Submitted by Tyler
Durden on 01/20/2016 - 07:38
- Oil slump rocks markets again in equity rout (Reuters)
- Global Stocks on Brink of Bear Market as Oil Slides; Ruble Drops (BBG)
- Global Stocks Slide on Oil Rout (WSJ)
- Emerging Markets Roiled as Stock Selloff Surpasses Asian Crisis (BBG)
- Rising Debt in Emerging Markets Poses Global Threat (WSJ)
- China shares slip as oil slides, outweighing stimulus hopes (Reuters)
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Stocks,
Commodities, & Bond Yields Are Collapsing. Submitted by Tyler Durden on 01/19/2016
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POLITICS
(SEE special report on POLITICIS in the US: How to win an election)
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(SEE special report on POLITICIS in the US: How to win an election)
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4
Dead, 2 Dozen Injured After Suicide Bomber Strikes Russian Embassy In
Afghanistan, ISIS Reportedly Claim Responsibility. Submitted by Tyler Durden on 01/20/2016
[ When ISSIS is blame .. we all know who is behind .. so not surprise
if US embassies are blown out. ]
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GLOBAL RESEARCH
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Planet of Fear By Pepe Escobar
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Hillary
Clinton’s Emails Confirm The “Real Agenda” Behind the US-NATO War on Libya By Timothy Guzman,
[[ Oculto
mucho.. pero
hay verdades que el viento no pudo llevarse..su complicidad en el mas siniestro
asesinato de un Presidente .. Los usos actuales del mercenarismo Issis se iniciaron con
ella.]
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NOTICIAS
IN SPANISH
Chile El compra huevos . Patricio Bustamante
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El rublo marca un nuevo mínimo
contra el dólar estadounidense y el Efecto inesperado de la devaluación
del rublo ruso
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PRESS TV
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