JUL 1 16 SIT EC
y POL
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"This is
typical of Hillary who represents
the climax of arrogance and corruption among career politicians. These
types of people have been getting away with this for so long that they cannot imagine
running a government for any reason other than personal gain."
….
Martin Armstrong
is the former chairman of Princeton Economics International Ltd. He is best
known for his economic predictions based on “Economic Confidence Model”, which
he developed. Wikipedia
….
Most Democrats
coincide with him & 48 % of US electorate won’t vote her.
WE ARE
GOING TO VOTE SANDERS & JILL STEIN, OR ABSTAIN.. DOES IT.
….
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ZERO HEDGE
ECONOMICS
Looking at recent data, and specifically something we pointed
out two weeks ago, Bass said the country’s $3 trillion corporate bond
market is “freezing up” amid rising defaults and canceled debt sales. “We’re
starting to see the beginning of the Chinese machine literally break
down.”
Bass reiterated that China’s lending binge in recent
years is unsustainable and it is only a matter of time before this bubble,
bigger than the US bubble of 2005/2006 which brought Bass fame and fortune,
bursts.
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The Best And Worst Performing Assets In June And Q2
So how did assets classes close out June?
In local currency terms it is equity markets that occupy
the bottom. The worst performer during the month was European Banks
(-18%), followed closely by the peripheral markets (Athex -15%, FTSE MIB -10%
and IBEX -9%). The Nikkei (-10%) is also wedged in their which suffered with a
7% rally for the Yen. The Stoxx 600 and DAX were down -5% and -6% respectively
during the month while the S&P 500 (+0.3%) just finished in positive
territory on the last day of the month. The other notable underperformer during
the month was unsurprisingly Sterling which tumbled just over 8%. As a
result however the FTSE 100 (+5%) held in well in local currency terms,
although this translates to a -4% decline and so one of the more notable
underperformers when we look in USD terms.
At the top end of the leader-board top two spots go to
Silver (+17%) and Gold (+9%) which were the main beneficiaries from the
risk-off moves at the end of the month.
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US Manufacturing PMI fell back very modestly from its
flash reading but rose MoM to 51.3 as Markit warns "producers are
struggling in the face of the strong dollar, the energy sector decline and
presidential election jitters." But, ISM Manufacturing surged full of hope
to 53.2, above the highest analyst estimate (a 4 standard deviation beat of
expectations). Every subcomponent rose aside from Prices Paid as it appears -
as opposed to everything we have seen in earnings and chatter - that Brexit,
election uncertainty has done nothing at all to dampen 'hope'. In the face of
this seasionally-adjusted exuberance, construction spending has plunged almost
3% in the last 2 months - the biggest drop since Feb 2011.
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Is this even allowed? It appears S&P has
joined the cynical, skeptical ranks of fiction-peddlers and has axed ? its economic outlook for the US economy.
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Silver is up over 11% in the last 6 days (the most since
Aug 2013) since Britons decided to leave the sinking ship, pushing the white
metal above the key $19.50 level - back to its highest since September 2014.
Gold has been in great demand also, heading for its 5th straight weekly gain
after its best start to a year since 1980 as one analyst noted "gold will
remain one of the major beneficiaries in the current backdrop, as heightened
volatility and lingering uncertainty will keep investors' risk appetite in
check." Silver's recent surge has seen it play catch up to gold, now back
at its 'richest' to gold since September 2014.
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Populism,
nationalism, and xenophobia all contributed to the victory of the “Leave”
campaign in the United Kingdom’s recent referendum on membership in the
European Union. But these forces float on the surface of a larger sea change: a fundamental shift worldwide in the
relationship between the state and the market.
Social and political discontent will continue to bubble
up around the world until we return the state-market relationship to a healthy
equilibrium. The problem is that no one knows how best to do this.
Some propose
re-harmonizing international markets with national autonomy, as occurred under
Bretton Woods. But the post-war international economic order was built for the
pre-globalization age, and we cannot
put the genie back in the bottle, even if it were possible to do so.
Brexit marks the beginning of the end
of the latest era of globalization. What comes next is anyone’s guess,
but we can be certain that it won’t be the final destination.
In conclusion, we
found this comment extremely pertinent (via Steve Hurst)...
Its inevitable the empty wallet movement overcomes the
treasure chest party at the ballot box as the number of empty wallets steadily
increases driven by inequality mechanisms.
If you aint got nuttin you got nuttin to lose.
There is a welfare system in place but its effect is
emasculating and longterm unemployment is correlated with psychological
problems. The longterm and well
established trend in growing youth
unemployment is a timebomb at so many levels.
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POLITICS
Just two weeks ago, a
huge scandal erupted within another 'union' as Germany slammed NATO for "warmongering" destroying
the fictional narrative that 'innocent' NATO was merely reacting to evil
Russian provocations. Now, as The Intercept's
Zaid Jilani and Lee Fang expose, retired U.S. Air Force Gen. Philip
Breedlove (yes an ironic name for a warmonger), until recently the
supreme commander of NATO forces in Europe, plotted in private to overcome President Barack Obama’s reluctance to
escalate military tensions with Russia over the war in Ukraine in 2014,
according to apparently hacked emails
from Breedlove’s Gmail account.
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Puerto Rico Defaults On $2 Billion In Debt Payments
As expected, Puerto Rico will default on about $2 billion
in debt payments Friday, including
$780 million in constitutionally-backed general obligation bonds, as
governor Alejandro Garcia Padilla has issued an executive order authorizing the
suspension of payments. In addition, Garcia Padilla also declared states of
emergency at the island's biggest public pension - the Commonwealth's Employee
Retirement System - which is more than 99% underfunded.
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- Bond yields sink as central banks head for easier policy (Reuters)
- PM hopeful Gove says UK leader must believe in Brexit (AP)
- U.K. Can’t Bank on EU’s Rationality in Talks (WSJ)
- Gove Makes Case for U.K. Premiership After Johnson Betrayal (BBG)
- ECB not debating abandoning capital key in QE buys (Reuters)
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DEMOCRACY NOW
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GLOBAL RESEARCH or HTTP://WWW.4THMEDIA.ORG/
Pro-GMO
Spin Masquerading as Science Courtesy of “Shameful White Men of Privilege” By Colin Todhunter
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Mass
Shootings and Massacres in America: The Political, Cultural and
Socio-psychological Features of US Society By Prof. James Petras,
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THE REAL NEWS NETWORK http://therealnews.com/t2/
Activist and author
Kris Hermes and ACLU's Steve David discusses a recent victory against free
speech restrictions on protests in Cleveland, and the long history of mass
arrests and harassment against political speech
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Economist Gerald
Epstein says U.S. workers are beginning to realize that their hardship is due
to underlying workings of corporations, the banks, and neoliberal economic
policies that are against their interest
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INFORMATION CLEARING
HOUSE
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Turkey-Israel Deal Leaves Gaza Siege Intact
. By Ali Abunimah
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Who Is Special Now? The Mythology Behind the
US-British Relationship By Binoy Kampmark
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COUNTER PUNCH
Michael Hudson. The
Silence of the Left: Brexit, Euro-Austerity and the T-TIP
====
Andrew Levine. Hillary:
Ordinarily Awful or Uncommonly Awful?
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Gilbert Mercier Democracy Is
Dead
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Thomas Knapp Yes,
a GOP Delegate Revolt is Possible
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Manuel E. Yepe Sanders,
Socialism and the New Times
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Margaret Kimberley Beneficial
Chaos: the Good News About Brexit
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WASHINGTON BLOG
Thousands of commentaries have been issued about Brexit
in the past week.I’ve written four
myself. Most discuss Brexit as the result of immigration issues, class war,
political theater, a reaction against the European Union’s bureaucratic power,
sovereignty, etc. Other essays focus on the potential upsides or downsides of
Brexit.
Few if any commentators present is the idea that Brexit is a symptom of the Crisis of Capitalism.
The current global
version of Capitalism is characterized by these overlapping dynamics:
1. Replacing stagnant
real growth and income (and thus taxes) with debt.
2. Replacing
investment in real-world productivity with speculation (i.e. financialization)
3. Replacing
“everyone must have skin in the game” free-market capitalism withprotected,
privileged Elites crony capitalism in which the few benefit at the expense
of the many.
4. Replacing local,
decentralized democracy and ownership with central planning.
5. Using “extend and
pretend” financial trickery to mask insolvency, impaired assets/ collateral and
non-performing loans rather than address the debt overhang directly via
write-downs and liquidations of impaired assets.
If real (adjusted for inflation) growth and wages were
increasing organically(i.e. as the
result of free-market dynamics rather than central-planning manipulation)there would be no need for financialization,
“extend and pretend” or central planning.
These ills are the
status quo’s “fixes” to the Crisis of Capitalism, which arises from these
causes:
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
Beneficia el brexit a Israel? Ramzy Baroud
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EE.UU., la UE y el fantasma brexit Alexander
Mercouris
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El M3 no es definido con precisión .. es usado
para describir la “cantidad de dinero y activos lÃquidos en circulación”: “el
M3 era probablemente la estadÃstica más importante producida por la Fed y el
mejor ‘controlador’ de la actividad económica y la inflación”. El M3 -la cantidad de dinero- es herramienta
analÃtica muy importantes que ha sido borrada por la Reserva Federal de
un plumazo de su registro de datos: la información sobre el dinero que fabrica?
Por que?
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Los efectos ambientales del brexit. José Carlos
DÃaz
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La corrupción es inherente al
capitalismo (neoliberal?) Carlos
Larriera
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Lo mismo hizo Hillary
con Sanders, aunque en “secreto” lo esta abandonando
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El montaje anti
Russef quedo al descubierto. Habla Boff de cómo lograr su regreso?
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PARA LEER lo que
viene: RT
ABRIR: https://actualidad.rt.com/
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Que si por
error un misil de China deja 100 muertos
y ningún herido
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PRESS TV
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