MAY 14 16 SIT EC y POL
ZERO HEDGE
ECONOMICS
This is why we don’t want a 3rd Obama period with
Mrs Clinton in office:
Neoliberalism is collapsing fast and need to be changed asap
with Sanders
The
Dismal Retirement Picture For America's Older Generation. Submitted by Tyler Durden on 05/14/2016 : The
employment-to-population ratio for those 65 and over is at its highest level
since the early 1960's, creating a bottleneck for younger workers who are
looking to move up from their current roles, and also those that are trying to
gain entry level employment but can't until the current occupiers of those
seats can move up. The situation doesn't appear to be on the verge of getting
any better either, as 27% of Americans say they will "keep working as
long as possible" according to a 2015 Federal Reserve study - and to
make matters worse (for younger generations), 12% of Americans say
they don't plan to retire at all
As we have
pointed out many times in the past (most recently here),
the jobs "recovery" has gone disproportionately to older workers at
the expense of younger workers.
Cumulative
workers added: 54 n Yungers vs. 55 n older” (‘000s).
Image at: http://www.zerohedge.com/sites/default/files/images/user51698/imageroot/2016/05/14/20160514_olderworkers1_0.PNG
In fact, as Bloomberg
points out, the employment-to-population ratio for those 65 and over is at
its highest level since the early 1960's. .. The situation doesn't appear to
be on the verge of getting any better either, as 27% of Americans say they
will "keep working as long as possible" according to a 2015
Federal Reserve study - and to make matters worse (for younger generations), 12% of Americans say they don't plan to
retire at all.
See
image at: http://www.zerohedge.com/sites/default/files/images/user51698/imageroot/2016/05/14/20160514_olderworkers2_0.PNG
The primary reason for the older generations remaining in the workforce
isn't surprising: people simply don't have the money to retire. Three in
five retirees surveyed by the Transamerica Center for Retirement Studies said
making money or earning benefits was at least one reason they had retired later
than planned, and almost half said financial problems were the main reason
for working past 65.
The 401 (No Way)
Retirenment Plan, chart. See image at: http://www.zerohedge.com/sites/default/files/images/user51698/imageroot/2016/05/14/20160514_olderworkers3_0.PNG
401K: IRA
With nearly
60% of all U.S. households having no savings in individual retirement
accounts such as a IRA or 401(k), the fact that older workers simply can't afford to retire is not
a surprise. Those that do have a retirement account, predictably see different
levels of funding according to their income.
Retirement
Inequality chart. See image at: http://www.zerohedge.com/sites/default/files/images/user51698/imageroot/2016/05/14/20160514_olderworkers4_0.PNG
And of course, those with the highest funded retirement account receive
the highest monthly returns - said otherwise, the
wealthy grow disproportionately richer in retirement as well.
How well are
401K Plan Working? Chart at: http://www.zerohedge.com/sites/default/files/images/user51698/imageroot/2016/05/14/20160514_olderworkers5_0.PNG
Conclusion
What all of this means is that the trouble younger workers are having
getting into the workforce will continue,
furthering their inability to make any payments on the massive amount of
student loan debt racked up while in college. For those that are
fortunate enough to already be in those entry level positions, they'll have to
make due with the current situation, because the
older generation isn't going anywhere. What
it also means, is that the Federal Reserve better figure out how will it keep
market levels where they are, otherwise it runs the risk that what little is
currently in retirement accounts will be wiped out. If
there is a replay of 2008, the younger generations might as well hang it up -
as well as those institutions that are holding the corresponding student debt.
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For
The American Farmer "It's Death By A 1,000 Knives”- US Farmland Values
Plunge Most In 30 Years. Submitted by Tyler Durden on 05/14/2016
While America was so focused on whether or not there is a recession in
the US manufacturing and oil & gas sector, it completely ignored the
depression in America's farming heartland.
See
Chart at: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/05/13/farmland%20values_0.jpg
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How
The Baby Boomers Blew Up The Stock Market. Submitted by Tyler
Durden on 05/14/2016
This
won't end well... See chart at.
https://i1.wp.com/www.thefelderreport.com/wp-content/uploads/2015/03/6a0133f3a4072c970b017c37501fd9970b-550wi.jpg?resize=480%2C376&ssl=1
and: Ned Davis
Research has also studied this relationship and come to a similar conclusion.
The chart below comes from Davis’ terrific book, “Being Right or Making Money.” At:
https://i2.wp.com/www.thefelderreport.com/wp-content/uploads/2015/01/Scan.jpeg?resize=696%2C449&ssl=1
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Total US Debt Is Back To Its Great Depression Peak. Submitted by Tyler Durden on 05/14/16 : The following chart from Citi shows the last century of US non-financial leverage in context. As of this moment, consolidated US non-fin debt/GDP is about 275%, or roughly where it was US when the great depression stuck. For those curious about the "tipping point" threshold levels, keep an eye on 300% - that's when the system collapsed last time leading to a devastated economy.
For those curious about the "tipping point"
threshold levels, keep an eye on 300% - that's when the system collapsed last
time leading to a devastated economy.
The second question: what happened next to unleash the
greatest deleveraging in the history of the US? Why World War II of course.
Finally, on the role of debt,
here is the simplest explanation we have read since opening a finance 101
textbook.
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Economic
Collapse Logistics For The Government. Submitted by Tyler Durden on 05/14/2016
Many feel a collapse of any kind is impossible in the
mighty USA but times change and anyone that fails to heed the warnings will pay
dearly when events unfold and they find it is to late to get the supplies they
need. People buy many types of
insurance just in case. They save for retirement just to make sure. Then they
ignore economic warnings that make all those things useless. The government
helps people when it is convenient for them. The government has also shown
its willingness and ability to take from people when it suits them. Any
government big enough to give you anything you want is also big enough to take everything
you have. And, they will eventually.
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Which
Countries Will Be Tomorrow's Winners & Losers?. Submitted by Tyler
Durden on 05/14/16
Nature (geography)
and Culture (demographics) have already picked tomorrow’s winners and losers. As
individuals, we may harbor strong biases about which nations we want to see
falter and which ones we want to see prosper. But as investors, we must strip
away our political opinions and biases lest they interfere with our primary
job, which is to preserve whatever capital we’ve accumulated.
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Six
Reasons Why Goldman Is Suddenly Warning About A "Large Drop" In The
Market. Submitted by Tyler
Durden on 05/14/2016 : After recent (and in some cases very
dramatic) bearish conversions by the likes of JPM,
BofA,
Citi
and UBS,
the only bank that steadfastly held a bullish view on stocks during the recent
market squeeze higher was Goldman Sachs. Not any more.
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POLITICS
Chomsky:
Europe Bows To Its "Washington Masters" On Everything From Snowden To
Iran, Submitted by Tyler
Durden on 05/13/2016 : “There are, I think, by now four Latin
American countries that offer asylum to Snowden - not one European country. In
fact, they won’t even let him cross their borders. Why? Because the master
in Washington tells them, ‘we don’t want him to.’ And Snowden, it’s
important to recall, performed an enormous service, a patriotic service in
fact, to the people of the United States and the world.”
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ME & WORLD ISSUES
Germany
Changes Stance, Will Spend Almost €100 Billion To Assist Refugees. Submitted by Tyler
Durden on 05/14/2016
It looks like the politics in Germany are set to go from bad
to worse, as Reuters is reporting
that the German government is planning on spending €93.6 billion by the end of
2020 on costs related to the refugee crisis. This is an interesting turn of
events, as just last month German
lawmakers were discussing banning welfare payments to refugees.
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GLOBAL RESEARCH
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VIDEO: ISIS Supplied by NATO. Syria Captures Turkish
“Aid Cargo” Heading to Daesh in Iraq By Alalam,
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RT SHOWS
Keiser Report. Episode
914 . Max and Stacy discuss the world economy going from mania
to mania hoping it all pays off, as it did for fantasy and sci-fi writer, Ray
Bradbury. In the second half Max continues his interview with Professor Steve..
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In the Now. Hillary’ End
Game (S3E27) Clintons'
dirty money, soldiers high on LSD, KGB dolphins and Canada's black guy. Crazy
huh? This is the final episode of In the Now. Starting May 2nd 2016 the show
will transform into a digital media project.
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Redacted Tonight Death
of 2-Party System, Hillary paying trolls, legalization of stealing by homeless
& more
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Worlds Apart. Trumping
& Clinging? . Clinging to power, trumping up achievements, the US
presidential campaign has upended many long-held assumptions expect for one -
no matter who loses, political consultants always win. Money can't buy you
votes but can votes earn you money?
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SophieCo. War
waged against Pope in the heart of the Vatican - whistleblower .. Europe’s
smallest country - the Vatican, led by the pontiff - is one of the most
powerful states on the planet, a moral compass for more than a billion people.
However, over the past decades, the Catholic Church has suffered a number of...
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CrossTalk. Hillary’s
negatives Few have run for the
presidency with the kind of name recognition as Hillary Clinton. She has an
established name and is also the establishment’s trusted candidate – though
among many voters she has significant negatives.
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Kirby's War of Words Endgame
Syria: How will the conflict end? . The Syrian conflict has changed
dramatically with Russia entering, but where is it going? Is the world order
itself changing? Will Assad stay in power? What is ISIS going to do under a
continuous rain of missiles? Tim Kirby and Robert Bridge
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COUNTER PUNCH
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TOP STORIES in Counter Punch
..
Purged,
Hacked, Switched: On Election Fraud Allegations in Hillary Clinton vs Bernie
Sanders. Doug Johnson Hatlem
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The
Push to Make Sanders the Green Party’s Candidate. Dave Lindorff
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Bernie
Sanders: the Candidate Who Came in From the Cold . Jeffrey St. Clair
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WASHINGTON BLOG
US
Blocks 9/11 Suits against Saudis while Compensating Saudi Bombing Victims. Posted on May
14, 2016 by Robert Barsocchini
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Your Career is an Enterprise. Posted on May 13, 2016, WashingtonsBlog. By Dan Sanchez, Dansanchez.me.
From School Boy to Company Man
This mentality is
imparted to us by school, where we are constantly “allocated” throughout our
entire childhood and youth. We are earmarked and sorted into our classes, grade
levels, and student “tracks.” We are assigned our classwork, our homework, our
teachers. We are processed like unfinished goods through elementary, middle,
and high school. This instills what Isaac Morehouse calls the conveyor belt mindset. .. ⇒ Keep Reading
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Welcome
to the Recovery – Poultry Workers Claim They’re Denied Bathroom Breaks and Wear
Diapers on the Job. by Mike Krieger via Liberty
Blitzkrieg blog,
SERFDOM SUCKS : From the 2013 post: The Stock
Market: Food Stamps for the 1%
⇒ Keep Reading
⇒ Keep Reading
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Posted on May 13, 2016 , WashingtonsBlog. By Daniel McAdams, Ron Paul Institute for
Peace and Prosperity.
Rousseff’s ouster has
been curious all along. She claims it is a coup against the will of the Brazilian
voter and indeed she has not been accused of corruption or serious crime.
Instead, she has been impeached for accusations that she used some tricky
bookkeeping maneuvers to hide the extent of Brazil’s budget deficit in advance
of her successful 2014 re-election bid. Observers would note that if fiddling
with economic statistics to make a country’s balance sheet look better were
grounds for impeachment in the United States, there would have been successive
impeachments for decades or perhaps longer.
.. ⇒ Keep Reading
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Posted on May 13, 2016 by Charles Hugh Smith
It is not possible to coherently discuss the “New Normal”
economy without discussing financialization–the substitution of credit expansion and speculation for productive
investments in the real economy–and its
sibling: globalization.
Globalization is the
result of the neoliberal push to lower regulatory barriers to trade and credit
in overseas markets. The basic idea is that global trade lowers costs and
offers more opportunities for capital to earn profits. This expansion of credit
in developing markets creates more employment opportunities for people
previously bypassed by the global economy.
Financialization and mobile capital exacerbate global
imbalances of power and wealth. .. ⇒ Keep Reading
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NOTICIAS IN SPANISH
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¿Qué podemos hacer con los bancos?. Varios autores
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PRESS TV
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He has urged his supporters to stay involved in
politics up until the end of the 2016 presidential race, saying he is not a
“savior”, organized people is the savior. So, he did not “concedes”. PressTv
should use English in a proper way. This title distort reality & smell
fishy (paid by Clinton?).
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Daesh declares state of emergency: US
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‘Clinton
should be in dock at The Hague’. [Hillary Clinton is a “war criminal” who is
manipulating and lying to US voters.]
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