MAR 26 16 SIT EC y POL
..
Submitted by Tyler
Durden on 03/26/2016
It seems for Nassim "Black Swan" Taleb, less is
more. After
perfectly summarizing the circus that is the American Presidential election
camapaign in 17 words last week, he appears to have gone one step
further with a two-word summation: "No Shitllary."
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ZERO HEDGE
ECONOMICS
Dip,
Jawbone, Rip... Repeat...
But this time it's different, 150
days of almost perfect correlation and co-movement means nothing -
right?
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It's
Not The Economy, Stupid; Barron's Admits "It's A Bullard Market".
S- by Tyler Durden on 03/26/2016
It appears the complete decoupling from economic reality of
the so-called US equity 'market', combined with the collapse in a
data-dependent Fed's credibility - topics we have extensively covered - has
reached the mainstream. Barron's
always-insightful Randy Forsyth exposes the ugly reality that this is a
"Bullard" market and we are just living in it as the
flip-flopping Fed head is "the most visible telltale of the shifting
winds of Fed expectations. Investors navigating the choppy waters of the
financial markets are forced to change tacks accordingly."
Excerpted
from Barron's - Is
it a bull market or a bear market? Or maybe just a Bullard market?
That is, as in James Bullard, the president of the Federal Reserve Bank
of St. Louis. Not only is he among the voters this year on the policy setting
Federal Open Market Committee, he is also perhaps the most vocal member of
the panel's adjunct, the Federal Open Mouth Committee.
...
In his habit of speaking early and often, Bullard has developed a
nearly unequaled ability to move markets, which was on display last week. In various appearances, he suggested that
the central bank's
READ THE FULL ARGUMENT HERE: http://www.zerohedge.com/news/2016-03-26/its-not-economy-stupid-barrons-admits-its-bullard-market
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Submitted by Tyler
Durden on 03/25/2016 - 22:28
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"Democratic
Socialism" Explained (In 29 Words). Submitted by Tyler Durden on 03/26/2016
[ Capitalism is evil
.. it was born defective .. and now with neoliberal speculation .. cannot work anymore .. it deserve to die. ]
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I
Love The Smell Of Napalm In The Market. by Sean Corrigan, originally posted at
TrueSinews.com, Submitted by Tyler Durden on
03/26/2016
..
Extracts
That usually
perceptive and always interesting observer of the financial Zeitgeist,
Bloomberg’s estimable Mark Gilbert, recently penned an article entitled: “Milton Friedman’s ‘Helicopter Money’ Is
Looking Less Crazy.” In response, I mailed him the comments
which follow (with light editing) here.
..
‘Zero or negative interest rates are failing to stir consumer
prices, while the Fed’s attempt to normalize monetary policy looks likely to
backfire embarrassingly. Because the money-machine isn’t doing what the rule
book suggests it should, the engines of economic growth continue to splutter
and misfire. So the argument that might in the end have the most appeal for
Friedman is the one that, intellectually at least, appears to be the weakest: If everything else is failing,
why not try helicopter money? ‘
..
Why not, indeed? Well, here is a by no means
exhaustive list of several reasons for not crossing yet another bridge too far
in the mindless pursuit of a specific annual rate of change in a smoothed,
filtered, hedonised, sampling of a wholly arbitrary collection of consumer
goods and services, to the exclusion of all other goals, the repudiation of the
lessons of past experience, and the complete abnegation of common sense.
Firstly, given that
every professional in financial markets would be horrified to suffer a
mandatory dilution of their equity holdings, how do you imagine they and
everyone else would react if they got similarly
diluted in this manner in terms of that much more important element of their
property, their money?
Next, once you had
undertaken such a far-reaching and—dare I say—Jacobin act of disruption,
how could you ensure that trust
in money would henceforth be regained so that it could resume its vital
function both as medium of exchange and as unit of account? This
is a key proviso because, without either, you must be aware that there can be
no real hope of encouraging any sustainable economic growth after the initial
inflationary impulse subsides.
In light of all the
above and given that the helicopter flight would be a nakedly political
undertaking—and hence a thoroughly capricious act of will to power—how would you re-establish the sort of
confidence in the continuity of law, of practice, and in the institutional
framework that is also sine qua non for putting capital, whether corporate or
individual, at risk over the longer horizons required for genuine material
progress to be made?
Respectfully, you can’t. .. ‘Less
crazy’? Less crazy-seeming than heretofore, given the craziness already
under way, perhaps. But less crazy, per
se? No!
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QUICK NEWS ON ECONOMICS
Hugh
Hendry: "If China Devalues By 20% The World Is Over, Everything Hits A
Wall". Submitted by Tyler
Durden on 03/26/2016. "Tomorrow
we wake up and China has devalued 20%, the world is over. The world is over.
Euro breaks up. The world is over. The euro breaks up. Everything hits a wall.
There's no euro in that scenario. The US economy, I mean everything hits a
wall! Everything hits a wall! It's a 'Mad Max' movie, right. OK, China gets
to be the king in 'Mad Max' world. How appealing is that?"
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Another
Volcker Moment? Guessing The Future Without Say's Law. Submitted by Tyler
Durden on 03/26/2016. If the
dollar’s purchasing power falls much further, the market will expect higher
interest rates, so this then becomes the likely outcome. The question will
then arise as to whether or not the Fed will dare to raise interest rates
sufficiently to stabilise the dollar's purchasing power. If the Fed delays, it
could find itself facing a difficult choice. The level of interest rates
required to stabilise the dollar’s purchasing power would not be consistent
with maintaining the record levels of debt in both government and private
sectors. Thirty-six years on it could be another Volcker moment.
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Submitted by Tyler
Durden on 03/26/2016
..
It seems for Nassim "Black Swan" Taleb, less is more. After perfectly summarizing the circus that is the American Presidential election camapaign in 17 words last week, he appears to have gone one step further with a two-word summation: "No Shitllary."
It seems for Nassim "Black Swan" Taleb, less is more. After perfectly summarizing the circus that is the American Presidential election camapaign in 17 words last week, he appears to have gone one step further with a two-word summation: "No Shitllary."
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POLITICS
Anonymous
Threatens To Expose Ted Cruz Prostitution Scandal. Submitted by Tyler
Durden on 03/26/2016 :
[ Interesting collision:
the Jewish-Zionist anonymous vs. Christian dogmatism .. both of them ethical
residuals of middle ages .. that today cannot be called “clash of civilizations” but clash of idiocies.]
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The
World's Most Famous Economic Hitman Confesses – They're Coming For Your
Democracy Submitted by Tyler
Durden on 03/26/2016 . “Among
other things, U.S. cities are now on the target list. The combination of
debt, enforced austerity, underinvestment, privatization, and the
undermining of democratically elected governments is now happening here."
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From
Marxist To Markets: Why Robber Barons Are "Safer Foes" Than Meddling
Bureaucrats. Submitted by Tyler
Durden on 03/26/2016. “liberty
is the mother not the daughter of order, will be tempted to favor
state-imposed order. How ironic since the state is the greatest creator of
disorder of all.”.
..
[ The fact is the
central state, the FED, is saving the life of big corpation-mafia.. is the real
father.]
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ME & WORLD ISSUES
Japan's
Finance Minister Accidentally Reveals How It All Ends: "War".
Submitted by Tyler Durden on 03/26/2016 :
..
[ Nuke-War won’t happens because the Japis wanted … US-RU.. MAD
prevails.]
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..
"When you destroy trust between nuclear powers
you recreate the possibility of nuclear war, either by intent, or
miscalculation. So this is a reckless and irresponsible act on the part of
Washington... The information war that is going on now is to prepare the
American population and NATO countries allies for military conflict with
Russia. This is part of the preparation of that."
[ Paul Craig is usually
right in his analysis .. but here is wrong.
To me the owners of this system do not want nuke-war .. That is a
political argument from senators & war mongers like Hillary who make money on it.]
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GLOBAL RESEARCH
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NOTICIAS IN SPANISH
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Peru. Ent a Napuri: "El ex dictador condenado a 20
años de prisión Alberto Fujimori dirige la campaña de Keiko". Mario Hernandez
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Chile. Ent a Fernández Fredes. El obsceno maridaje de polÃticos y empresarios. Ruben
Andino
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PRESS TV
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