jueves, 7 de enero de 2016

JAN 6 16 SIT EC y POL



JAN 6 16 SIT EC y POL


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ZERO HEDGE

ECONOMICS
Dangerous miss-match between Politics & Economics:  TransCanada Sues Obama Administration; Says Keystone Pipeline Rejection Was Unconstitutional. Submitted by Tyler Durden on 01/06/2016 : ..this could carry a multi-billion dollar charge .. TransCanada filed a lawsuit in Federal court in Houston, suing the U.S. government and claiming the Obama acted unconstitutionally when he rejected the Keystone XL, while also seeking $15 billion alleging the pipeline denial was "arbitrary and unjustified."
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2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies. Submitted by Tyler Durden on 01/06/2016. The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies - money that is global and independent of any state or central bank, or indeed, any bank. This doesn't just open the possibility of escaping the debt-serfdom of central and private banks - it opens the door to an entire global economy that's free of the inequality and concentration of wealth and power that is the only possible output of central bank created and distributed money.
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Macy's Massacre: Thousands Fired; Guidance Slashed (Again); Weather Blamed. Submitted by Tyler Durden on 01/06/2016. Two months after the first "Macy's Massacre", the massacre is back with a vengeance, and moments ago the iconic retailer not only reported yet another cut in its guidance, but also announced it would be laying off another boatload of retailers, demonstrating just how strong the "service" economy truly is.
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Will Weak Closes Drag Markets Down?. Submitted by Tyler Durden on 01/06/2016. The concern, of course, is that these divergences are not resolved by strengthening stock market closes (a welcome sign of improved investor confidence) but, rather, by pullbacks in the indexes themselves– a decidedly less envied outcome. Currently, the Net Close Indicator appears to be struggling to move up from levels last seen during 2011 and, before that, 2008– all while the S&P 500 remains within 5% of the highs it reached in 2015:

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With Stocks in Freefall, Nasdaq Breaks.... Submitted by Tyler Durden on 01/06/2016: They tried to slam VIX (and failed). JPY was sold (but failed). And Crude was temporarily ramped (but failed). So how do you stall a sell-off - BREAK THE MARKET AGAIN!!
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Bank Bulls Bust As Fed "Error" Boosts Bearish Bets. Submitted by Tyler Durden on 01/06/2016.: While US financial credit markets have been anything but exuberant for weeks, equity options markets have now turned their bullish backs on the banks as Bloomberg reports the ratio of bearish to bullish options on the S&P Financials ETF has climbed to the highest level in a year this week, reflects rising demand for protection against losses as NIM hopes collapse and Fed "error" probabilities increase.
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Fed Lack Of Confidence Sends WTI Crude To $33 Handle Even As Dollar Dumps. Submitted by Tyler Durden on 01/06/2016: The FOMC Minutes hardly rang loudly and proudly of the strong economy that warrants rate hikes... and crude is tumbling.

 
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Fed Mouthpiece Reads "Liftoff" Tea Leaves. Submitted by Tyler Durden on 01/06/2016: Though the decision to raise rates was unanimous, some officials expressed concern about lingering low inflation and the stifling effects on the U.S. economy of a strong U.S. dollar and slow growth overseas."
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FOMC Minutes Show Fed Rate Hike Decision Was "A Close Call", Feared Market Reaction. Submitted by Tyler Durden on 01/06/2016: January's meeting has negligible probabilities for a rate move but March has 45% chance of a hike and 3% chance of a cut. The apparent unanimity of December's decision appears questionable given the Minutes suggestions of some dissent.
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Just Out From Evercore ISI: "Sell All Rallies Down To 1900". Submitted by Tyler Durden on 01/06/16: "With the macro backdrop more vulnerable today than at any time since the financial crisis, and the S&P 500 and NASDAQ still near all-time highs, .. we reiterate our view that Crude and Energy remain structurally broken and possess significant downside from current levels which will only agitate and exacerbate the ongoing collaps."
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DVA Is Dead: Banks Will No Longer "Profit" From Collapsing. Sby Tyler Durden on 01/06/2016: The debt valuation adjustment, or DVA, will no longer be included in net income, according to revisions to the fair-value measurement standard published by the Financial Accounting Standards Board Tuesday.  The DVA rule increased net income when a bank’s bonds tanked, on the theory that the firm could buy back its bonds at a lower price and benefit from the decline in value.

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10 Key Energy Trends To Watch For In 2016. Submitted by Tyler Durden on 01/06/2016. What can we expect in 2016? Here is a rundown of some key trends to watch for...
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Yes, The ECB Chief Economist Really Said It: "If You Print Enough Money, You Always Get Inflation. Always.". Submitted by Tyler Durden on 01/06/2016. And with that we can finally close the book on slippery central bank semantics on what precisely it is that they do, and what it is they plan to achieve.
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WTI Crude Plunges To $34 Handle After Record Gasoline Inventory Build. Submitted by Tyler Durden on 01/06/2016. Crude prices already gave up their API gains and are tumbling back below $35 on this build news.
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Things That Make You Go Boom: U.S. Spending On Military Aircraft Surges Most Since September 11. Submitted by Tyler Durden on 01/06/2016: Now that the subprime-funded "growth dynamo" that kept the US economy chugging along over the past year has finally choked, as we saw yesterday when auto sales posted the weakest print in half a year, there is just one industry that is keeping US factory orders, which have already declined for 13 consecutive months, from an all out implosion. War.
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US Factory Orders Deep In Recession - Tumble YoY For 13th Month In A Row. Submitted by Tyler Durden on 01/06/2016. .. as a reminder, this data was buoyed by a 46.9% surge in defense aircraft and parts orders to all-time highs. Traders better hope for moar war or the reality of the economy will peak out from behind the military-industrial complex veil.
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US Equity Collapse Erases All Post-QE3 Gains As FANTAsy Stocks Plunge. Submitted by Tyler Durden on 01/06/2016: But, but, but... it's not a market-driven only by The Fed, right?. (see tables)
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A Shocked Wall Street Reacts To China's "Surprising" Devaluation. Submitted by Tyler Durden on 01/06/2016: Today’s fixing was a big surprise, and impression is that upside risks to USD/CNY have grown  .. still, risk of capital outflows could increase concurrently. .. Expect 5%-10% depreciation by end of the year, though this depends on the pace of PBOC’s intervention and health of macroeconomy
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Revisiting The Greatest Crash In History. Submitted by Tyler Durden on 01/06/2016: All we can do is point out the risks, so that people can at least prepare on an individual level. A major lesson everybody should take: You will be lied to in the critical moments, and you could stand to lose a lot if you believe the lies.
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Submitted by Tyler Durden on 01/06/2016 - 07:40
  • Obama, wiping tears, makes new push to tighten gun rules (Reuters)
  • Global stocks hit by China worries, North Korea nuclear test (Reuters)
  • Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint (Reuters)
  • North Korea says successfully conducts first H-bomb test (Reuters)
  • Valeant Planning to Appoint New Leader as CEO Remains Hospitalized (WSJ)
  • Treasuries Extend 2016 Winning Start With Growth Outlook Clouded (BBG)
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Miss files from day 5
Nomi Prins' Financial Road Map For 2016: "The Potential For Chaotic Fluctuations Is Greater Than Ever". Submitted by Tyler Durden on 01/05/2016. We are currently in a transitional phase of geo-political-monetary power struggles, capital flow decisions, and fundamental economic choices. This remains a period of artisanal (central bank fabricated) money, high volatility, low growth, excessive wealth inequality, extreme speculation, and policies that preserve the appearance of big bank liquidity and concentration at the expense of long-term stability. The potential for chaotic fluctuations in any element of the capital markets is greater than ever. The butterfly effect - the flutter of a wing in one part of the planet altering the course of seemingly unrelated events in another part - is on center stage.
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The Shale Defaults Begin Here: Banks Quietly Shrink These 25 Companies' Credit Facilities. Submitted by Tyler Durden on 01/05/2016: Here are 25 deeply distressed companies, whose banks we found have quietly shrunk the borrowing base of their credit facilities anywhere from 6% in the case of Black Ridge Oil and Gas to a whopping 51% for soon to be insolvent New Source Energy Partners.
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POLITICS
Paul Craig Roberts: The Rule Of Law No Longer Exists In Western Civilization. Submitted by Tyler Durden on 01/06/2016: American justice is a joke. It does not exist. The USA is a lawless country. By that we do not mean what conservative Republicans mean, which is, if we understand them, that racial minorities violate law with something close to impunity. What we mean is that only the mega-banks and the One Percent have legal protection, and that is because these people control the government. For everyone else law is a weapon in the hands of the government to be used against the American people.
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Enough Already! It's Time To Send The Despicable House Of Saud To The Dustbin Of History. Submitted by Tyler Durden on 01/06/2016: For more than four decades Washington’s middle eastern policy has been dead wrong and increasingly counter-productive and destructive. Washington’s Mideast policy is predicated on the assumption that the answer to high oil prices and energy security is deployment of the Fifth Fleet to the Persian Gulf. And that an associated alliance with one of the most corrupt, despotic, avaricious and benighted tyrannies in the modern world is the lynch pin to regional stability and US national security. Nothing could be further from the truth. The House of Saud is a scourge on mankind that would have been eliminated decades ago, save for Imperial Washington’s deplorable coddling and massive transfer of arms and political support.
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[ There are many things to investigate on this issue .. if don’t .. many people will suspect that this is a corporate media set up in favor of xenophobia and to expel migrants from Germany. ]
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ISIS – The Case For Non-Intervention. See ME crisis. Submitted by Tyler Durden on 01/06/2016
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Guns Don't Cause Suicide. Submitted by Tyler Durden on 01/06/2016. Homicide rates in the United States have been declining for 20 years as the number of privately-held guns in the US has increased substantially. In some states, such as New Hampshire and Oregon, which have very weak gun laws, homicide rates are remarkably low, and these states are among the safest places on earth. As homicide rates have declined, however, and gun-related homicides with them, gun-control advocates have attempted to create a new category of "gun violence" by blaming suicides on access to guns.

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Miss it files from day 5
"Presidentialism" Not Serving American Politics Well. Submitted by Tyler Durden on 01/05/2016: Our system of Presidentialism may have served us well in the past but its rigidity in the political process denies the multiple voices that need to be heard in a democracy, nor offers the required tools for political compromise.  Sadly... here we are, stepping into 2016 with the possible political prospect of having to elect as chief executive of this nation either a lady with questionable trust-credentials or a boisterous charlatan.
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The Carnage Returns: Stocks Tumble After Sharp Chinese Devaluation; Brent At 2004 Lows; Gold Surges. Submitted by Tyler Durden on 01/06/2016: (blaming N-Korea-test) North Korea says it tested a hydrogen bomb; Brent crude falls to lowest level since 2004.
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MIDDLE EAST CRISIS
ISIS – The Case For Non-Intervention. Submitted by Tyler Durden on 01/06/2016. San Bernardino doesn’t change the calculation.  ISIS will eventually collapse under its own homicidal and parasitical weight, probably with the help of one or more of its neighbors, whose inactivity and divisiveness we currently underwrite. Then ISIS will be replaced by something better... or worse... it is impossible to know in this region.  In the interim, we and our European friends should focus our efforts on isolating ourselves from the madness.  And we certainly should not go out of our way to draw further fire.
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Read The Powerful Saudi Terrorism Article Censored By Al-Jazeera. Submitted by Tyler Durden on 01/06/2016. On December 3rd, a month before Saudi Arabia carried out it largest mass execution since 1980 - subsequently setting the region on fire - Arjun Sethi wrote an article for Al-Jazeera titled: Saudi Arabia Uses Terrorism As An Excuse for Human Rights Abuses. According to Cora Currier at the Intercept: Al Jazeera’s headquarters in Qatar appear to have blocked the article outside of the United States because it is critical of an ally of Qatar.
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GLOBAL RESEARCH


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Chinese Yuan Incorporated into IMF Special Drawing Rights (SDR): US Congress Gives In and Endorses the IMF Quotas Reform  [ Is this really what China wants?.. IMF is an apparatus of financial frauds and US blackmailing on emerging  economies .. Why to get inside this trap? ]
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North Korea Implements “Successful” H-bomb Test [Why not?.. N-Korea was in the list of countries to be bombarded by the US .. it is still considered a rouge “terrorist” State .. Memories of the previous war against Korea (3million death) cannot be wiped out by Law .. Whose Law?.. If we really do not want nuclear proliferation .. we should 1st  stop supporting the economic base of ISIS in Syria .. and start the negotiations to dis-assemble the Nuke stock accumulated by the US (the one who used in Hiroshima & Nagasaky) and in other countries .. if we don’t do it we have not basis to condemn N-K.]
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INFORMATION CLEARING HOUSE


Neoliberalism Raises Its Ugly Head in South America. By Jack Rasmus. What happens in Venezuela, Argentina, and Brazil in the weeks ahead, in 2016, is a harbinger of the intense economic and political class war in South America
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How Corrupt Is the American Government?. By WashingtonsBlog. See For Yourself.
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Saudis Seek Chaos to Cover Terror Tracks. By Finian Cunningham. The links of Saudi Arabia to terror groups have been laid bare for all to see.
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Syrian War - Realism vs. Hope. By Joe Contrarian. In contrast to all the MSM propaganda, there was never civil war in Syria driven by deep internal conflicts
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The Debate on the Imperialist Violence in Syria. By Kim Petersen and B. J. Sabri. {SIC}
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NOTICIAS IN SPANISH


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Pionyang necesita armas nucleares para protegerse de EE.UU.  Por qué los cinco países nucleares pueden contar con bomba de hidrógeno y no N-Korea?, se preguntan los expertos. E Limonov sostiene que las protestas no son más que "racismo social" y darwinismo social contra esa nación, Qué les queda a los norcoreanos viendo el destino de Irak, Libia y Siria", reflexiona Limonov. Según él : "en los cementerios norcoreanos descansan los restos de 3 millones de víctimas que dejó la invasión estadounidense en la península coreana" entre 1950 y 1953, y para no repetir esa historia es que Corea del Norte desarrolla su programa nuclear. Por que se arman? “para prevenir un chantaje nuclear por parte de EE.UU.", informó la agencia oficial norcoreana KCNA. Además, KCNA recuerda que testimonios y documentos secretos recientemente desclasificados revelaron que EE.UU. tenía planes para atacar a varios países con armas nucleares, y entre sus objetivos se encontraba Corea del Norte.
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"Se fragmenta el matrimonio entre EE.UU. y Arabia Saudita" Washington nunca condeno la violación de los derechos humanos por parte de Riad. Tampoco lo hizo esta vez, pero la prensa USA lo hizo y el Gbno cedió espacio TV a Riad para que se defienda. “El "irritante matrimonio" entre EE.UU. y Arabia Saudita ha alcanzado un nuevo nivel de tensión después de que Riad ejecutara al estilo del Estado Islámico a 47 personas, entre ellas un prominente clérigo chiita, y cortara relaciones diplomáticas con Irán, informa el diario 'The New York Times'.
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PRESS TV


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