JUNE 9 16 SIT EC y POL
WE’RE NOT GOING
TO ABANDON THEM
WE ‘RE GOING TO LOVE THEM FOREVER
HILLARY-TRUMP ARE THE SAME DIRT,
SON LA MISMA PORQUERIA
WE’RE NO GOING TO ACCEPT A CALL TO VOTE THEM
THERE IS NOT TIME FOR BETRAYALS NOR WEAKNESS
IT IS TIME FOR
POLITICAL DECENCY, UNITY & COHERENCE
FOR MORE RESPECT TO DEMOCRACY and FREEDOM
WHERE THERE IS GREEN PARTY REGISTERED ..VOTE THEM
WHERE THERE IS
NO .. MAKE THE LAST EFFORT TO FORGE ..
A DEMOCRATIC
SOCIALIST PARTY & the UNITED PEOPLE’ FRONT
But NEVER VOTE HILLARY - TRUMP .. NEVER EVER for THE 1%
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ZERO HEDGE
ECONOMICS
"We must not take for granted the vibrancy of our
economy. Now is the time to plan..."
"The impacts of the last economic downturn resulted
in near double digit unemployment with thousands of residents out of work and
our small businesses left struggling. We must not take for granted the
vibrancy of our economy. Now is the time to plan." Mayor Lee said.
"It's sound budgeting. Just like families have to
live within their means, so does the government" said Kristen Cox, executive
director of the Utah governor's Office of Management and Budget.
Now is a perfect time for San Francisco to start this
process, and we recommend it is implemented sooner rather than later, as
the second tech bubble has in fact already burst, and those home prices
everyone points to as a sign of a booming economy,
those will be plummeting soon enough.
SEE CHART ON CO IN BANKRUPCY
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The last two times the survey plunged this much, the
US was already in recession.
Is it different this time?
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Coming out of bankruptcy in late 2014, Detroit had a new
lease on life - it had shed
some $7 billion in debt and restructured another $3 billion, and could finally
move forward, or so it was thought. Detroit has hit two significant potholes on
its recent road to recovery, one being the fact that it was
"discovered" that there was an
enormous pension shortfall, and now we learn that the Michigan legislature
has just narrowly approved a $617 million bailout of Detroit's Public Schools.
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“But we clearly aren’t in a recession.” True, but
that is only because we have not yet gotten the annual revisions to the
economic data. Given the weakness in profits and revenues, a reflection of real
economic activity, those revisions will likely be negative.
Recession Risk Rises
In last weekend’s newsletter, I discussed the rising
risk of recession as presented by JP Morgan’s risk model:
SEE IMAGE AT: https://realinvestmentadvice.com/wp-content/uploads/2016/06/20160603_jpmProbabilityofRecession_0.jpg
GDP Nowcasts: NY vs. Atlanta
My friend and proud new father, Salil Mehta recently
penned an interesting piece of analysis comparing the competing GDP NowCast
measures of the New York and Atlanta Federal Reserve branches.
Long Time Since Last 1% Down Day
Since the bottom of the market in February, the markets
have been lofted higher as the “yield chase” continues. However, there
are a couple of issues that suggest the risk of a near term correction have
risen markedly.
First, while asset prices have risen there has been a
negative divergence in both relative strength and volume. Such negative
divergences tend not to last long. Secondly, as noted by Jason Goepfert via
Sentiment Trader:
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There is another cycle here that is much more influential
on the current market dynamic and should be much easier to spot. When the Fed talks up the economy and
promises rate increases, the dollar usually rallies. When the dollar rallies,
U.S. multi-national corporate profits take a hit, and the market falls. When
the market falls, economic confidence falls and puts pressure on the Fed to
maintain easy policy. This is a
loop that the Fed does not have the stomach to break.
“The only
difference between death and taxes is that death doesn’t get worse every time Congress meets.”
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"Just stay out of Oklahoma at all costs.
If other states follow, you better migrate to another country and fast... This
will destroy the freedom to even travel as broke police are now nothing more than highway criminals with guns."
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POLITICS
"Putting
another Clinton in the White House is only going to make that right-wing
extremism greater... Trump says very
scary things — deporting immigrants, massive militarism and ignoring the
climate... Well, Hillary,
unfortunately, has a track record for doing all of those things..."
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RACHEL MADDOW FOUND THE 5TH LEG OF A CAT: THE REPLACEMENT OF HILLARY.
Hugo Adan 6/9/16
(Raquel le encontró la 5ta pata al gato sabiendo
que tiene cuatro. Pero quizá acertó .. quizá una pata delantera ya no le funciona
a la gata Hillary y no puede caminar.)
READ THIS IN ENGLISH AT: RACHEL
MADDOW FOUND THE 5TH LEG OF A CAT:
LISTEN VIDEO AT: https://youtu.be/QIzntvgIbAA
OPEN Elizabeth
Warren interview March 2016 w MSNBC Rachel Maddow ...
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Though Obama launched his presidency with a promise
to be the “most transparent” in history, his administration has had a
fitful record on openness. Despite adding dozens of staffers to its FOIA
offices, the State Department argued in
court that it would take 75 years to complete a review of documents related
to the Republican National Committee’s sweeping request of records for former
Clinton aides.
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It’s debatable
whether George Orwell surmised the ominous
threat of totalitarianism that inspired him to pen the dystopic vision, 1984,
would extend worldwide and resurface nearly seven decades after its
publication. But the novel’s apt description of a world on end has undoubtedly
come to pass. Innumerable examples
evidence how 1984 would better be described as a dark portent than a
fascinating read, but one thing - the political language dubbed
Newspeak, employed by the ruling government, Ingsoc - seems to have served as an instruction manual for the American empire.
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Former intelligence contractor and NSA whistleblower Edward
Snowden told the BBC's Panorama that the UK intelligence centre GCHQ has the
power to hack phones without their owners’ knowledge.
BBC VIDEO URL: https://youtu.be/Wo9arZs21WI
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ME & WORLD ISSUES
No one ever lost
money betting on the Pentagon refraining from exceptionalist rhetoric. As expressed by neocon Carter,
Pentagon rhetoric – faithful to its
own estimation of China as the second biggest “existential threat” to the US
(Russia is first) – revolves around the same themes; US military
might and superiority is bound to last forever; we are the “main underwriter
of Asian security” for, well, forever; and China better behave in the South China Sea – or else. So
here’s an instant translation: we do
a NATO in Asia; we control it; you will answer to us; and then we encircle you
– and Russia – for good.
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
As natural resources dwindle, our faith in the cult of
Mammon is being sorely tested.
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Wake Up, America! By Judge Andrew P. Napolitano
The feds have been wearing away at the right to privacy for
generations
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Is Hillary Clinton A Psychopath?
Hillary Clinton Laughs While Discussing Defense of Child Rapist
VIDEO
Hillary Clinton Laughs While Discussing Defense of Child Rapist
VIDEO
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COUNTER PUNCH
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John Feffer Obama’s
Nuclear Paradox
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Terry Connolly Breaking
Out of the Duopoly: Ballot Access and Third Parties
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John Stauber Special
Appeal from Senator Bernie Sanders
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Rick Sterling Where
are the Missing California Primary Votes?
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WASHINGTON BLOG
Posted on June 9, 2016 by WashingtonsBlog
The recent trading
moves that Soros has made are so big and so bearish that they have even gotten
the attention of the Wall Street Journal…
Worried about the outlook for the global economy and concerned that large market
shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish
investments, according to people close to the matter.
Soros Fund
Management LLC, which manages $30 billion for Mr. Soros and his family,sold stocks and bought gold and shares of
gold miners, anticipating weakness in various markets. Investors often
view gold as a haven during times of turmoil.
Hmmm – it sounds
suspiciously like George Soros and Michael Snyder are on the exact same page as
far as what is about to happen to the global economy.
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By Robert Parry.
The Democratic Party
has moved from being what you might call a reluctant war party to an aggressive
war party with its selection of Hillary Clinton as its presumptive presidential
nominee. With minimal debate, this historic change brings full circle the arc
of the party’s anti-war attitudes that began in 1968 and have now ended in
2016.
Since the Vietnam
War, the Democrats have been viewed as the more peaceful of the two major
parties, with the Republicans often attacking Democratic candidates as “soft”
regarding use of military force.
But former Secretary
of State Clinton has made it clear that she is eager to use military force to
achieve “regime change” in countries that get in the way of U.S. desires. She
abides by neoconservative strategies of violent interventions especially in the
Middle East and she strikes a belligerent posture as well toward nuclear-armed
Russia and, to a lesser extent, China.
Clinton is an
unabashed war hawk who has shown no inclination to rethink her pro-war
attitudes.
⇒ Keep Reading
⇒ Keep Reading
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Posted on June 9, 2016 by Charles Hugh Smith
The fundamental context of China’s economy is that it has
traced out an S-Curve–as did
previous fast-developing nations such as Japan and South Korea.
Gordon Long and I
discuss why there’s no easy fix to
the S-Curve in our new video discussionBull in the China Shop (35:25).
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NOTICIAS IN SPANISH
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PRESS TV
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