JUL 26 16 SIT EC y POL -1-
….
After all this time,
however, Hillary doesn’t get any of it.
She thinks war is peace;
deficits don’t matter; the baby boom is entitled to the social insurance they
didn’t earn; and that the Fed’s serial bubble machine is leading the nation
back to prosperity. But
like the generation she represents, she has betrayed her grand ideals over a lifetime of compromise, expediency,
self-promotion and complacent acquisition of power, wealth and fame. She doesn’t deserve another stint at the podium - let alone
the bully pulpit.
….
….
ZERO HEDGE
ECONOMICS
Janet, you have a problem...
If soaring home prices and record high stocks won't spike
consumer confidence, what will?
Image Location at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/07/25/20160726_conf_0.jpg
While the 'Present Situation' index rose modestly to 118.3
(from 116.6), the 'Expectations' index dropped to 83.3 from 84.6 (inching the
overall Conference Board Consumer Confidence index lower to 97.3).
Jobs plentiful dropped, income
growth expectations dropped, plans to buy a car dropped, and inflation
expectations dropped.
New England saw the biggest spike in confidence (from 82.0
to 95.8!!) but East South Central collapsed from
97.8 to 73.0.
Perhaps most worrying is the plunge in Under-35-year-old
confidence from 132.3 to 122.8 and middle-income
earners ($50k to 125k) all saw a drop in confidence.
…
----
----
The financial and economic world
in 2016 is, more than anything, a confidence game (pun intended). The year started with confidence severely
shaken, so gasoline (as one real economic variable) and hiding intervention
(the further hint of desperation) are more likely to have lasting negative
effects than effusive but un-backed mainstream praise for the nth year in a
row.
----
----
Another
Ugly Auction: Treasury Sells $34BN in 5Y Paper With Big Tail, Lowest Bid To
Cover Since 2009
The hits just keep on
coming. After yesterday's ugly 2 Year auction, and following last month's less
than stellar, tailing 5 Year auction, moments ago the Treasury sold $34 billion
in 5 Year paper in what was another woeful issuance, one where the high yield
of 1.18% was a substantial tail of 1.6bps to the 1.164% When Issued, and whose
Bid to Cover dropped again, reaching 2.27, the lowest since September 2009.
----
----
Over the past week,
market watchers have noticed something which otherwise could be seen as a
warning signal: there has been a dramatic move in swap spreads space, notably a
substantial widening in recent days from what was until recently record tight -
and negative - levels, coupled with a blow out in FX swaps, where the EURUSD
has seen its cross-currency swap slide -3 bps today to -48 bps, the widest
since July 2012. What does this mean, and what are the implications? Read on
for the explanation.
----
----
While USDJPY notched
down and Oil had been slipping, stocks suddenly lurched lower, gapping to
yesterday's lows on heavy volume. As one veteran trader exclaimed "what
the f**k was that?" as no obvious catalyst sprung up, unless of course
this morning's series of economic "beats" was sufficiently good to be
bad for stocks and raise the dreaded rate hike specter.
----
----
Moments ago the
latest data from the Census Bureau shelved any lingering concerns about a sharp
slowdown in the US housing market, when it reported that in June new home sales
surged 25.4% from a year ago and up 3.5% from the upward revised May print of
572K to 592K, above the 560K expected, and the highest number reported since
2008, even if still well below half of the peak hit before the recession
struck.
----
----
Despite its supposed
seasonal adjustment, Case-Shiller home price growth in May tumbled for the 3rd
year in a row (in fact, with revisions, the 0.23% drop since March is the biggest drop
since June 2014). This is the first consecutive home price drop since 2012.
The almost unbelievable 'stability' of the 5-ish percent growth in Case-Shiller
home prices for the last 2 years is impressive if only for its historical lack
of precedence but May's 5.24%
YoY rise in the slowest since Sept 2015.
----
----
Despite an excited
bounce in US Manufacturing PMI's preliminary print (and ISM Services last
month), Markit reports a disappointing
drop in US Services to a 5-month low. New
business slowed but that did not deter hope as business confidence rebounded
(albeit from record lows).
However, as Markit notes, "The U.S. service sector remained stuck in a
low gear at the start of the third quarter of 2016..."
----
----
POLITICS
After all this time,
however, Hillary doesn’t get any of it.
She thinks war is peace;
deficits don’t matter; the baby boom is entitled to the social insurance they
didn’t earn; and that the Fed’s serial bubble machine is leading the nation
back to prosperity. But like the generation she represents, she has betrayed
her grand ideals over a lifetime of compromise, expediency, self-promotion and
complacent acquisition of power, wealth and fame. She doesn’t
deserve another stint at the podium - let alone the bully pulpit.
----
----
The sustained
applause and sea of "Bernie" signs in the crowd as he took the stage
called into question whether Hillary had any support at all among the
convention goers. Sanders spent nearly the first half of his speech
thanking his supporters and touting progressive policies with the first mention
of Clinton not coming until about 800 words later.
----
----
Clinton Cash investigates
how Bill and Hillary Clinton went from
being “dead broke” after leaving the White House to amassing a net worth of
over $150 million, with over $2 billion in donations to their
foundation.
----
----
ME & WORLD ISSUES
A month ago we warned
of the looming hyperinflation coming to Nigeria (as well as much of
Africa). It appears, following the central banks' rate hike to a record 14%
(reach for yield anyone) in an attempt to stall the ongoing currency collapse,
that Emefiele is worried, warning of
"concern over headline inflation spike." Perhaps
most worrying though, amid the chaos, Emefiele advised depositors in banks "to go about your
business," adding that there was "no need to panic or worry." Hhhmm..
----
----
In the latest
European assault to take place just over the past hour, two knifemen raided the
Church of the Gambetta in the northern French town of Saint-Etienne-du-Rouvray,
taking between 4 and 6 hostages and allegedly killing a priest before being
killed by police. According to subsequent unconfirmed
reports the priest had been beheaded.
----
----
With WTI now down over 17% from its mid-June
highs, and energy stocks just beginning to wake up to the 2015-analog
collapse, fears are rising that once again low oil prices are not
'unequivocally good' for stocks or the economy. Between record speculative long
positioning in futures, the
fundamental strength of the dollar and
surge in gasoline inventories remain
the big overhangs (along with rising storage levels at Cushing as demand begins
to fade seasonally).
----
----
- Priest killed in French church before police shoot dead hostage-takers (Reuters)
- On raucous opening night, Democratic stars make a pitch for Clinton (Reuters)
- Sanders Backs Clinton After Fractious Opening of Convention (BBG)
- Some in Sanders' army seem determined to march on without him (Reuters)
- Yen hits two-week high as Japanese stimulus expectations dialled back (Reuters)
----
----
DEMOCRACY NOW or DOWN with TYRANNY
----
----
Who
Should Bernie Voters Support Now? Robert Reich vs. Chris Hedges on Tackling the
Neoliberal Order
----
----
GLOBAL RESEARCH
VIDEO – A
Plea to All US Voters: Break the Democrat-Republican Duopoly. “Forget the
Lesser Evil (Clinton), fight for the greater good!” By RT,
----
----
----
----
Two Faces of Emmett Till: When Black Lives
Really Didn’t Matter. Today White Racism is Alive in America By Dr. Gary G. Kohls
----
----
----
Clinton
Cash: “Devastating” Documentary Reveals How Clintons Went From “Dead Broke” To
Mega Wealthy By Tyler Durden,
----
----
COUNTER PUNCH
Andrew Levine. Pillory Hillary Now
----
----
----
Jeffrey St. Clair Don’t
Cry For Me, DNC: Notes From the Democratic Convention
----
Richard W. Behan The
Banana Republic of America: Democracy Be Damned
----
----
----
RT SHOWS
----
----
----
----
America. ‘Forget
the lesser evil, fight for greater good’: Jill Stein pitches Bernie backers at
DNC (VIDEO)
----
----
WASHINGTON BLOG
Jill Stein is Green Party candidate for U.S. President. Learn
more at http://jill2016.com
----
----
Why did passengers remain on the Titanic
even as its bow sank deeper into the ice-cold Atlantic? They believed the
experts and authorities because they wanted to believe the ship was
“unsinkable.” And why did they want to believe the ship was “unsinkable”?
Two visceral realities fueled their misplaced faith in the
ship’s supposed safety:
1) The warm ship
seemed so mighty, and the alternative–open lifeboats drifting in the dark cold
night–seemed so vulnerable, uncomfortable and risky.
2) It was much easier
to believe the experts’ assurances that the ship was safe than it was to
clamber into a small lifeboat and bob around the open Atlantic.
We all know which alternative
turned out to be safe and which one was fatally unsafe. The apparently risky open lifeboats were
the sole source of survival and the enormous, complex “unsinkable” ship sank,
ending the lives of everyone who clung to the appealing fantasy that the mighty
ship was too technologically advanced to sink.
We are all on a Titanic, a
complex system that experts and authorities declare safe and unsinkable for all
time.
Our money, our government, our Social Security, our Medicare and our
entire debt-based way of life is mighty and invulnerable. Those few who see the
eventual need to prepare “risky” lifeboats are mocked and ridiculed.
⇒ Keep Reading
⇒ Keep Reading
----
----
NOTICIAS IN SPANISH
Ent
a Dilma Rousseff "Apuestas golpistas causarán explosiones
sociales en América Latina" Darío Pignotti
----
----
----
----
----
----
----
----
----
Ese
Estado no existe. El ISIS es una agencia de mercenarios del imperio y NATO
----
----
----
¿Es Trump un agente de Putin? Pregunta estúpida
----
----
PRESS TV
----
US jailer chokes inmate to death: Video in Oklahoma jail
----
----
----
----
----
----
----
----
----
----
No hay comentarios:
Publicar un comentario