sábado, 21 de mayo de 2016

MAY 21 16 SIT EC y POL


MAY 21 16 SIT EC y POL
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HILLARY IS A DANGER TO AMERICA AND THE WORLD

The following video features Presidential candidate Hillary Clinton acknowledging that America created and funded Al Qaeda as a terrorist organization in the heyday of the Soviet-Afghan war:  
“Let’s remember here… the people we are fighting today we funded them twenty years ago
… let’s go recruit these mujahideen. 
“And great, let them come from Saudi Arabia and other countries, importing their Wahabi brand of Islam so that we can go beat the Soviet Union.” 

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ZERO HEDGE
ECONOMICS  vs  Economic Collapse Blog.


Why Deutsche Bank Thinks A Fed Rate Hike Would Unleash A Stock Market Crash. Submitted by Tyler Durden on 05/21/2016   :   "If you think you’ve seen this movie before it’s because you have. Like during 2015, the Fed appears bent on pushing rate expectations higher, and the operative question is whether markets are sufficiently calm for the Fed to use the June 2016 meeting to pave the way for a July hike. We think the answer is no.... and the outlier appears to be the S&P500, where valuations appear excessive given the breakeven/real yield framework."


But which risk asset is at most, pardon the pun, at risk?

One issue is precisely what risk asset valuations are telling us. If we consider risk asset valuations as a function of Fed-related variables – say, breakevens and real yields –market valuations of HY, IG, and EM are more or less consistent with “fair” levels given these variables and their historical relationship with asset valuations. Note that DXY appears too high from this perspective, while oil appears too low.

 
 

The outlier appears to be SPX, where valuations appear excessive given the breakeven/real yield framework. And while DB's points are mostly valid, its agenda becomes fully transparent with the next sentence: 

This is not to say that the Fed can never raise rates because of negative impact on financial variables, but it is far from clear to us that the Fed should be hiking against financial market froth when many asset classes have only partially recovered from losses last year.

In fact, we are confused by Konstam's note: if indeed DB wants (and needs) a monetary paradrop (recall "According To Deutsche Bank, The "Worst Kind Of Recession" May Have Already Started"), then a policy error is precisely what the Fed should engage in.  Not only will it send markets into a long, long overdue tailspin, one from which the only recovery will be the bubble to end all bubbles, the end of monetarism as we know it courtesy of the quite literal money paradrop, but reset not just the US economy but that of the entire world, in the process wiping out tens of trillions in unrepayable debt, and allowing the system the much needed reboot we have been urging ever since our start in 2009.
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"We Are Becoming Convinced That The System Won't Stabilize" - Citi Explains How Central Banks Broke The Market . Submitted by Tyler Durden on 05/21/2016.   :  "Central bank distortions have exacerbated these movements, making investor interest more one-sided and leading one market after another to exhibit more bubble-like tendencies, rising exponentially and then falling back abruptly. As such, managers are struggling to justify their fees, while the sellside wonders whether it is really worth the continuing commitment to market-making in the face of increased capital requirements and legal and back-office overheads."

From Citi's Matt King
The race to the bottom

No, we’re not talking about currency wars, though they do illustrate the phenomenon. Nor are we thinking about € credit spreads and yields rapidly converging on (and in some cases surpassing) the zero bound. 

Rather, a significant theme of our research in recent years has been the tendency of investors to assume they live in a zero-sum world, only to face a rude awakening when they discover that markets think otherwise.

Think of the reaction to falling (and now rising) oil prices, for example. What ought just to be a redistribution of wealth between oil producers and oil consumers has turned out not to be. Both markets and the global economy have proved an awful lot happier when prices have been rising than when they have been falling.

The same applies in multiple other spheres. We talk about money flowing from one market to another as though there is a fixed amount of it.

Liquidity breeds liquidity; illiquidity breeds illiquidity

Take market liquidity, for example. Despite near-record notional volumes on TRACE, and policymakers’ protestations that nothing has really changed, market participants continue to lament that bid-offer is misleading, and depth is not what it used to be. Worse, many managers have struggled to make money on the basis of traditional single-name fundamentals, and poor performance is contributing to a steady leakage of flows away from traditional benchmarked funds towards totalreturn funds, indices and ETFs. The shift is not unique to credit: in European equities, futures-to-cash ratios – one convenient measure of index trading versus single-name trading – have reached all-time highs, for example (Figure 1).



Central Banks To The Rescue (or not)
The one type of inflation the central banks have managed to engineer is asset price inflation, yet here too the effectiveness seems to be waning. The widening in spreads over the past month probably says more about an increase in positions and the renewed hawkishness of the Fed than it does about central bank credibility. And yet credit spreads, periphery spreads and equity prices have all moved the wrong way since the inception of ECB QE. And while € credit continues to enjoy strong inflows, the buying seems more confined than we would like, with HY inflows dwindling and equities seeing outright outflows.  See image at: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/05/13/matt%20king%20flows_0.jpg

Conclusion

[This] points to an overall picture which is considerably more precarious than we think many investors (and central bankers) imagine, and one where seemingly extraneous influences – like China even for non-exporters, oil even for non-consumers, or hedge fund performance even for non-hedge funds – take on a disproportionate importance. Constraints on financial leverage do not just lead to liquidity settling at a lower level; they risk sparking a cycle of ever-diminishing liquidity. Banks exiting markets do not just lead to increased opportunities for the rest; they lead to a diminished pie for all. And a world of diminished credit growth may not simply stabilize at a lower level of nominal GDP; it is likely to need continued prodding so as not to consume itself in a destructive race to the bottom.
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Contra-Krugman: 'Austrian' Economists Dismiss The Myths Of The 2016 Election - Live Feed. Submitted by Tyler Durden on 05/21/2016   :  As economist William Anderson explains, "presidential elections in the United States spawn Really Bad Economic Policies, and 2016 is a vintage year." Candidates promise everything from living wages to free health care and college. Proposals about how to run whole segments of the economy are made with a straight face. The most tired and hackneyed ideas about income equality, corporate greed, creating jobs, and paying one's fair share of taxes are trotted out. And millions of voters apparently believe it all, falling for the same promises of free stuff and prosperity from Washington.  How do political candidates get away with this nonsense, year after year and election after election? More importantly, what can we do as individuals to fight the entrenched economic illiteracy that keeps politicians in business?
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The assault to workers already started
407,000 Workers Stunned As Pension Fund Proposes 60% Cuts, Treasury Says "Not Enough". Submitted by Tyler Durden on 05/21/2016   :  407,000 private sector workers are about to lose most of their pensions. When private pension plans go broke, they go broke. Public pension expect a bailout.



The Central States Pension Fund, which handles the retirement benefits for current and former Teamster union truck drivers across various states applied for reductions under that law.
Currently the plan pays out $3.46 in pension benefits for every $1 it receives from employers. That’s a drain of $2 billion annually.

The plan filed for 60% cuts in pensions. The Treasury Department has the final say. The verdict came in today: “cuts not deep enough”.

Public Union Whiners
An Illinois state worker was whining earlier today about my post Chicago Pension Liabilities Jump 168%, Understated by $11.5 Billion.
When private pension plans go broke, they go broke. Public pension expect a bailout.

I replied to the person whining“Corrupt politicians got in bed with corrupt union leaders making promises both knew could not be met.”
Taxpayers owe the Chicago pension fund absolutely nothing. Bankruptcy is the solution.
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POLITICS  Open  www.wnd.com 


Suddenly Trump And Hillary Is All Goldman's Clients Want To Talk About. Submitted by Tyler Durden on 05/21/2016   :  This is how Goldman is responding to all of its clients' questions about the upcoming presidential election and how to trade it.

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State Of The States: New Jersey's Problems Are Not "Mathematically Solvable". Submitted by Tyler Durden on 05/21/2016   :  "when debt reaches a certain level, the can kicking is over and difficult decisions need to be made;" the issue is to address the root of the problem, which can be a delicate and at times politically incorrect topic.
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PROGRESSIVE LEADERS WITH BERNIE SANDERS
Ron Paul: "I Feel A Kinship With Bernie Sanders". Submitted by Tyler Durden on 05/21/2016  :  "We’re both against corporatism. We’re both against the special benefits to big business… we could both attack subsidies to business or the military industrial complex. In that sense, there is a kinship."
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CIA 'Accidentally' Destroyed 6,700 Page Torture Report? Snowden Calls Bullshit. Submitted by Tyler Durden on 05/21/2016   :  "I worked at The CIA. I wrote the Emergency Destruction Plan for Geneva. When CIA destroys something, it's never a mistake..."
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SILENT MAJORITY: 55% OF AMERICANS WANT INDEPENDENT TO RUN AGAINST TRUMP, CLINTON. Submitted by Tyler Durden on 05/20/2016   :  It’s happening! According to a new poll, Americans have finally maxed out their tolerance for “lesser evils” in presidential politics. 

The survey, published by independent research firm, Data Targeting, found a majority of Americans now want an independent candidate to take on Hillary Clinton and Donald Trump — two of the most disliked candidates in recent history.
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FOR THOSE WHO MISS IT:

Here they are: “HILLARY'S 22 BIGGEST SCANDALS EVER”
Does America really want '2 Clintons for price of 1' back in White House?
NO WAY..
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ME & WORLD ISSUES




These waxing and waning empires are dangerous as their vulnerabilities and short-comings become exposed, and their territories challenged. That fact that Putin is being prodded from within Russia to be less diplomatic and more aggressive in posturing for war is downright unsettling. Many of our most dangerous American leaders are all-too willing to poke the bear and evoke a reaction. 

[ Who really start Econ sanctions & setting the missile-nuke in the borders of RU? ]
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The Mother Of All Head & Shoulder Patterns Just Completed The Right Shoulder. Submitted by Tyler Durden on 05/20/2016   :  China was, in essence, the right shoulder to the greatest head and shoulder pattern in the history of mankind.  Central banks and federal governments will do everything in their power to maintain the present system.  They will attempt anything and likely everything to maintain what ultimately cannot be maintained.  Unfortunately, no one knows how much is too much and the economic, financial, and societal ramifications. 
 


Conclusion

China was, in essence, the right shoulder to the greatest head and shoulder pattern in the history of mankind.  Central banks and federal governments will do everything in their power to maintain the present system.  They will attempt anything and likely everything to maintain what ultimately cannot be maintained.  Unfortunately, no one knows how much is too much and the economic, financial, and societal ramifications. 
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The Eurozone Is The Greatest Danger. Submitted by Tyler Durden on 05/21/2016.   :  Financial and economic prospects for the Eurozone have many similarities to the 1972-75 period in the UK, which this writer remembers vividly.  This time, the prospects facing the Eurozone potentially could be worse. Let us hope that these dangers are exaggerated, and the final outcome will not be systemically destabilising, not just for Europe, but globally as well. A wise man, faced with the unknown, believes nothing, expects the worst, and takes precautions.
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For more on Economics OPEN:
THE ECONOMIC COLLAPSE BLOG http://theeconomiccollapseblog.com/
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GLOBAL RESEARCH


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HILLARY IS A DANGER TO AMERICA AND THE WORLD
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INFORMATION CLEARING HOUSE


Syria – The War Cant Be Limited  By Thierry Meyssan
There is nothing to be gained by negotiation with people who are being paid to maintain the conflict
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The U.S., for the first time, agreed to proceed towards a full ceasefire between its proxy forces in Syria and the Syrian government and its allies
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NATO foreign ministers met on Thursday to counter what they see as a more aggressive and unpredictable Russia.
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“What would a war between Russia and the USA look like?”
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Americans have been subjected to a relentless psychological program – euphemistically referred to as «news» – for the past seven decades.
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Zionism Begins to Unravel  . By Lawrence Davidson.  Crisis of Zionism
Zionism brooks no compromises and admits to no sins – even as Israeli behavior grows evermore barbaric.
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Rather than subdued, resigned, and defeated, Rousseff - is more combative, defiant, and resolute than ever.
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RT SHOWS


Keiser Report . Episode 917  . Max and Stacy discuss the return of “Bubba” – aka ex-President Bill Clinton – as Hillary's “coal gaffe” loses her votes in Appalachia.  In the second half, Max interviews...
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Redacted Tonight . The Nevada Chaos Lie, Voting Machines Are Hacked, Giant Global Protest & more  Lee covers the mayhem at the Nevada delegate convention. He also...
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The Big Picture . Is the US ‘Under-incarcerated’?  Thom discusses Senator Tom Cotton’s refusal to reduce minimum sentencing and even compares violence in the US to Iraq and Afghanistan. Then the panel weighs in on US postal banking and if the GOP should apologize to...
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Larry King Now . Susan Sarandon on Hillary vs. Bernie, Obama & smoking pot with Snoop . The legendary Susan Sarandon is as candid as ever with Larry, discussing the legacy of her iconic film 'Thelma and Louise,' the fight for gender equality in Hollywood, and her grievances with Hillary Clinton and President Obama.
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CrossTalk. Universal justice?  The American legal system is rapidly transforming with the expressed purpose of superseding much of international law, be it within the realm of trade and banking, criminal prosecution, or even sports. The Americanization of law is supplanting the...
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SophieCo Oil output freeze now won't help anybody, OPEC already at max production – Ex-CEO of Shell . In the past few months, oil prices have been growing up. Experts say that hike is due to a firestorm disaster in Canada, as well as sabotages at Nigerian pipelines. However, these factors come and go, being only a temporary issue on the global oil...
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Worlds Apart. Politics by intentions?  . The many disagreements between the United States and Russia ultimately boil down to one crucial distinction – Americans aim to shape the world as it should be, while Russians are trying to prevent the world from becoming what it should not be....
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WASHINGTON BLOG


 
“The only thing new in the world is the history you don’t know.”  – President Harry Truman

3-minute video: Police, Military – Was your Oath sincere?
2-minute video: US imperialism 1800 – 1900:

This article series is among hundreds in alternative media that explain, document, and prove that the United States continuously engage in the viciously destructive policies of a rogue state, with a required and obvious citizen response to call for arrests of those .01% leaders of these crimes centering in war, money, and corporate media lies.
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Posted on May 21, 2016 by WashingtonsBlog. By David Haggith, the Great Recession Blog.

I have pointed out in previous articles how most of the growth in stocks over the past few years has been due to stock share buybacks. Without this hideous (and at one time illegal) practice, there would have been no bull market over the last few years.

That’s right. Research from no other place than Wall Street, itself, indicates that almost all of the returns since 2009 have been due to stock share buybacks!

Most people assume what has kept the market afloat this year after sinking 11% at the start of the year was a mixture of better news out of China, oil prices stabilizing, and indications that the Fed won’t raise rates as much as thought. But the real thing bouying the market could be something else: Stock buybacks…. The stock buybacks come at a time when major investors including individuals, foreign investors, and pension funds have been selling off their shares, according to a note from Goldman Sachs, amid market volatility and weak oil prices. (Fortune)
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Russian Constitutional Court Chairman Valery Zorkin pointed out that US exceptionalism rhetoric is the same as rhetoric used by the Nazis, and that it also exemplifies Orwell’s observation that certain people and groups proclaim themselves to be ‘more equal’ than others.  Zorkin noted that exceptionalism rhetoric is an:

“…almost exact copy of leading politicians and propaganda specialists of the Third Reich, including Adolph Hitler… In essence, Obama is using the exact same thing that Nazi bosses said about the German exceptionalism when they started the world war,” he added.

Obama says that Americans and the USA are an exceptional people and an exceptional state and thus they can pretend for much more than any other people or state. In other words, he follows the plot of Orwell’s ‘Animal Farm’ dystopia and, while formally not rejecting the principle of equality of sovereign states and peoples, fixed by the UN Charter, he still declares that Americans and America are ‘more equal’ than any other country and the rest of the planet’s population,” RIA Novosti quoted the judge as saying.
Keep Reading
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By Daniel Lazare. Originally published at Consortium News (republished with permission).
On May 12, at dawn, members of Al Nusra and an allied Syrian rebel group known as Ahrar al-Sham stormed the Alawite village of Al-Zahraa, reportedly killing 19 people and abducting 120 others. In typical Salafist fashion, Ahrar al-Sham then posted a grisly YouTube video showing jihadis chanting Allahu akbar – “God is great” – and pointing in triumph to a bloody female body sprawled across the floor.
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NOTICIAS IN SPANISH


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VEN Amenaza real de intervención.  ¿Llegó el lobo? Pablo Siris
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VEN -Capriles y el factor militar. Miguel Ugas
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PRESS TV


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Sanders: Clinton, Trump 'very strongly disliked'
He does not want Americans to vote "for the lesser of two evils."
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