JAN 29 16 SIT EC y POL
ZERO HEDGE
Negative
Rates In The U.S. Are Next: Here's Why In One Chart . Submitted by Tyler
Durden on 01/29/2016 : Here is the one chart which in our opinion virtually
assures that the Fed will follow in the footsteps of Sweden, Denmark, Europe,
Switzerland and now Japan.
Will this crush money markets as we know them, and unleash
even more volatility and havoc around the world?
Absolutely. But at this point, when evey other central bank
has lost credibility, to paraphrase Hillary Clinton loosely, "what difference
will it make" if the Fed joins the party on the central bank Titanic?
[ If you paraphrase one stupid lady in economics .. you delete
any credit to you writing.]
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Citi:
"Be Prepared For All Sorts Of Insanity Today; Everyone I Talk To Wants To
Fade This Move". Submitted by Tyler
Durden on 01/29/2016 : "I am pretty mixed on what this BoJ move means
but my main observation is that people are incredibly skeptical. Almost
everyone I talk to wants to fade this move; it’s just a matter of how long to
wait before going the other way... Be prepared for all sorts of insanity
today as the market tries to wrap its collective head around month end flows +
what this BOJ action means." – Citi
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And
The Biggest Contributor To U.S. Growth in 2015 Was....Submitted by Tyler Durden on 01/29/16
: Simple: one look at the chart below should explain not only how the
"services" half of the US economy continues to grow, but just which tax,
because that is how the Supreme Court defined Obamacare, is responsible for
healthcare "spending" amounting to a quarter of the
growth in US personal consumption expenditures, almost 100% higher than the
second highest spending category which was... Recreational goods and vehicles?
And that, ladies and gentlemen, is
how you convert a tax into a source of economic progress.
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The Death
Throes Of The Bull. by
David Stockman via Contra Corner blog,
Submitted by Tyler Durden on 01/29/2016 : Not only is
the specter of recession growing more visible, but it is also attached to a
truth that cannot be gainsaid. Namely, having stranded itself at the
zero bound for an entire business cycle, the Fed is bereft of dry powder.
IN the current context, there is something especially
fishy. Namely, that the continuing decline of the labor market participation
rate is not consistent with the allegedly robust job count gains, and
also it is not consistent with any prior historical relationship between the
two.
But here is the potential problem for the Fed’s
dependence on current employment data as justification for tightening monetary
policy – it is likely wrong. Economic data is very subject future
revisions. While the current employment data has indeed been the strongest
since the late 1990’s, there is a probability that the data is currently being
overestimated.
The reason is shown in the chart below.
If the employment gains were indeed as strong as the Fed,
and the BLS, currently suggest; the labor force participation rate should be
rising. This has been the case during every other period in history where
employment growth increased. Since the financial crisis, despite employment
gains, the labor force participation rate has continued to fall..
Here’s the thing. This exact pattern occurred during
the 2007-2009 collapse. While the Wall Street hockey sticks were
projecting earnings of $120 per share or more for 2008, actual GAAP earnings
starting falling in the June 2007 LTM period, and kept plunging until they hit
bottom at $7 per share in June 2009.
The blue bars mark the death throes of a dying
bull last time. Self-evidently, this one—market in red—– is not far
behind.
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Submitted by Tyler
Durden on 01/29/2016 - 07:39
- World shares heat up as Bank of Japan goes sub-zero (Reuters)
- Stocks Rally With Bonds as BOJ Ends Grim January on High Note (BBG)
- Japan Follows Europe Into Negative Interest Rate Territory (WSJ)
- Decision On Oil Cut Only Possible If All Exporters Agree, Russian Energy Minister Says (BBG)
- Trump overshadows Republican debate even as he sits it out (Reuters)
- Trump skips debate, wins on social media (Reuters)
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POLITICS
Indictment
Looms As FBI Declares 22 Clinton Home-Server Emails "Top Secret".
Submitted by Tyler Durden on 01/29/2016. : Just
as we warned, and she mush have known, it appears at least 22 of the
emails found on Hillary Clinton's private email server have been declared
"top secret" by The FBI (but will not be releasing the
contents) according to AP. The revelation comes just three days before
the Iowa presidential nominating caucuses in which Clinton is a
candidate. As
we previously noted, the implications are tough for The DoJ - if they
indict they crush their own candidate's chances of the Presidency, if
they do not - someone will leak the details and the FBI will revolt...
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If
The "Recovery" Is Real, Why Are Radical Politicians So Damn Popular?,
BofA Asks. Submitted by Tyler Durden on 01/29/2016
Why, if we are
truly seven years into a “recovery”, are populist parties and politicians
dominating the political landscape?
Here's an eye-opening look at the rise of populism across
the globe. Have a look and ask yourself whether voters' sudden affection for
radical politics is compatible with the "recovery" meme.
Put simply: Main Street is angry.
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
You Have Now Landed in Geneva, Syria.
By Pepe Escobar. The alleged Syrian peace process now enters its
Geneva charade stage.
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You Won't
Believe What This US Ambassador Said About al-Qaeda's Syrian Allies. By
Daniel McAdams. Is there no justice for those who push such murder and mayhem
on such a grand scale?
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Nazi Roots
of Ukraine’s Conflict. By Jonathan Marshall. Western propaganda has
made these right-wing extremists the “good guys” versus the Russian “bad guys”
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A US Russia
Conflict In Syria Just Became More Likely . By CrossTalk. Vice
President Joe Biden says U.S. is ready to impose a military solution in Syria.
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Corrupt US
Government Accuses Putin Of Corruption. By Paul Craig Roberts. The
entire world outside brainwashed America, its EU vassals, and Nazified Ukraine
is laughing..
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NOTICIAS INSPANISH
ALC. CELAC y los campos de la lucha
antiimperialista. Eduardo Paz Rada
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Chile. Colusión: los testimonios que pusieron a los
supermercados en el banquillo de los acusados
Francisca Skoknic
Francisca Skoknic
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PRESS TV
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