AUG 30 16 SIT EC y POL
ZERO HEDGE
ECONOMICS
To the
academics, “gloom” is irrational and thus requires translation into math
to become somehow backwards explanatory for why the economy that “should be”
isn’t. In the actual economy, “gloom” is properly called reality. In this
world, people know all-too-well that jobs disappeared during and after the
Great Recession and never came back. No amount of
asset price manipulation can possibly make up that difference. This math
is finally welcoming economists to that long run, a
place their patron saint, Keynes, said didn’t exist.
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In the market, extreme optimism results in price bubbles. One of the real-life manifestations of extremely positive
social mood is the construction of enormous buildings. Market tops and skyscrapers often seem to
emerge simultaneously, because both
phenomena are the result of the illusion of infinite prosperity.
But extreme psychological conditions do not last very long...
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Sinking food prices, while good for the consumer, is devastating for
almost everyone else in the supply chain from the farmer all the way to the grocers.
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While central banks assure the population that
there is nothing to worry about when it comes to paper money, which may or may
not soon be banned if certain
Harvard economists have their way, they have been quietly accelerating their withdrawals of gold
from the biggest centralized depository of global gold in the world: the New
York Federal Reserve.
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- Eequity Capital Markets volume is down ~50%, we’re in our 10th straight month of down y/y volume
- PE funds are doing more selling vs IPO'ing lately and block trades are 3x their normal percentage of secondary volume as sellers look to take the money and run
- Several industries (like energy, biotech/health care and parts of technology) have been lesser participants
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Four years ago we first exposed the dismal fact that in the
U.S., for
the lowest income American Dreamers, work is punished. Sadly, the situation has grown worse as buying votes amid a
burgeoning welfare state has left millions in the so-called 'low-wage-trap'
leaving Americans teetering on the welfare cliff.
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UBS' Paul Winter believes we are witnessing the end of the credit cycle -
earnings growth rates are flat, and the stock market impact has been
increasing. Importantly, from a risk perspective, Winter warns that Systemic Risk is rising, and Economic Policy
Uncertainty has hit all-time highs, warning that the key risk today
lies in low-volatility stocks and the broad market's equity risk premia - "either earnings
need to pick up dramatically, or alternately, equities would need
to correct by around 20% to bring the equation back into equilibrium."
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QE was never a cure but simply a means to extend and pretend
just a bit longer. Could it be the pretending and
extending have hit some sort of limit and the Fed fears the next Fed
administered "cure" may kill the patient?
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For the
first time since Feb 2012, S&P CoreLogic's 20-City Composite price index
declined for 3 straight months (dropping 0.07% in August, in line
with expectations). The non-seasonally-adjusted annual growth rate of home
prices rose just 5.13% - the slowest since since Aug 2015. San Francisco and
San Diego showed the weakest growth of the 20-City composite while Portland and
Seattle rose the most MoM, and Atlanta and Chicago
saw the largest declines in price MoM.
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Central
banks can only do one thing, and that's provide monetary welfare for the
wealthy. Wake up, America.
The only way to stop widening wealth and income inequality and kick your smack
addiction is to
eliminate the pusher.
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POLITICS
"It
is literally amazing how an individual so crooked, so duplicitous, and with so
many chargeable offenses can actually stay in the running for the presidency of
the United States."
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IS THE JUSTICE SYSTEM POR SALE?
With
hundreds of millions poured into presidential and congressional campaigns in the
U.S. it's hard to know just how much "influence" you're
"buying" in those races...that's why George
Soros is instead "investing" millions into races of district
attorneys which "exercise the greatest discretion and power in the
system."
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The San Francisco police union sent
a scathing letter to the CEO of the 49ers and the NFL Commissioner regarding
Kaepernick's comments...apparently they don't like
being called racist murderers with less skill than a hairdresser
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Pursuant
to a decision by U.S. District Court Judge Emmet G. Sullivan, Hillary has 30
days to respond, under oath, to these 25 questions from Judicial Watch.
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"The
Clinton Foundation has become a symbol of the Clintons’ laudable ambitions, but
also of their tangled alliances and operational opacity. If Mrs. Clinton
wins, it could prove a target for her political adversaries. Achieving true distance from the foundation is not only
necessary to ensure its effectiveness, it is an ethical imperative for Mrs.
Clinton."
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In yet another email chain not
disclosed to the FBI, Clinton Foundation donor, Abigail Disney, makes a
very specific request directly of then Secretary of State, Hillary
Clinton.
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The
processes that fueled the economic growth over the last 30 years are now
beginning to run in reverse, and when combined with the demographic
shifts in the U.S., the impact could be far more
immediate and prolonged than the media, economists and analysts are currently
expecting...It is simply a function of the math.
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“They’ve
tried to solve the debt crisis by printing trillions of dollars of more debt,
and somehow they expect the economy to grow under the weight of those burdens.
We’re just borrowing new money to pay back old money. I would say that we’re in the late stages of Ponzi finance.”
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We’re passing through an unprecedented period in history, in which
quite a few of those nations that were once the most prosperous; the most free;
the most forward-thinking, are all headed downward at the same time, and for the same reasons.
Hence, we shall in the near future be observing the removal from the gene pool of nations many
of the most powerful (and formerly most desirable) countries.
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THE BIG COLLECTOR of truth without power to do nothing about
With more records to
be released tomorrow, AP
reports another nail in the coffin of Clinton honesty today as The State Department
is forced to admit that The FBI has discovered dozens of emails related to Benghazi
that Clinton failed to hand over.
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ME & WORLD ISSUES
Yesterday, the White
House announced that the US had met President Obama’s goal of admitting 10,000
Syrian refugees into the country; it did so ahead of schedule. So where are they going: the top state destination for
refugee influx are the states of Michigan and California.
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DEMOCRACY NOW
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GLOBAL RESEARCH
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Standing
Rock Sioux Tribe against Dakota Access Pipeline. National Lawyers Guild (NLG)
Statement of Solidarity By National
Lawyers Guild International
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THE REAL NEWS NETWORK
TRNN goes inside a
FARC camp to hear why they have fought an insurgency for over 50 years against
the Colombian government
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Citizens for Tax
Justice's Richard Phillip: Congress needs to act to close loopholes that allow
'tax inversions' that allow corporations to avoid nearly all federal taxes
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The Brazilian
oligarchy is on the cusp of achieving its major objectives through the
parliamentary coup says James Green, Professor of Brazilian History and Culture
at Brown University
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COUNTER PUNCH
Mike Whitney Three Cheers for
Kaepernick: Is Sitting During the National Anthem an Acceptable Form of
Protest?
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Dmitry Kovalevich In
Ukraine: Independence From the People
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SPUTNIK NEWS.com
'Much of Trump’s Racist and Populist Thinking' Comes Straight
From John McCain http://sputniknews.com/politics/20160831/1044798503/trump-racist-populist-thinking-comes-mccain.html
RELATED
Truth Hurts: McCain's Institute Responds to
Russian 'Undesirable' Listing
http://sputniknews.com/politics/20160831/1044798503/trump-racist-populist-thinking-comes-mccain.html
http://sputniknews.com/politics/20160831/1044798503/trump-racist-populist-thinking-comes-mccain.html
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Transatlantic Trade Deal on the Rocks as France, Germany Urge
Pullout http://sputniknews.com/europe/20160830/1044773030/ttip-hollande-gabriel-trade.html
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Sectarian Bloodbath: Washington Has Opened Pandora's Box in
Syria http://sputniknews.com/politics/20160830/1044790836/us-syria-sectarian-war.html
RELATED 1
US at Pains to Calm Tensions Between Its Allies
in Northern Syria http://sputniknews.com/politics/20160830/1044785246/us-kurds-turkey-syria.html
RELATED 2
Two Birds With One Stone: US 'Sacrifices' Its
Kurdish Allies in Syria
http://sputniknews.com/politics/20160830/1044785246/us-kurds-turkey-syria.html
http://sputniknews.com/politics/20160830/1044785246/us-kurds-turkey-syria.html
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Erdogan Calls Putin as Russia Seethes at Turkey’s Syrian Incursion Russia furious at Turkish move to set up rebel “safe zone” inside Syria to assist Jihadi rebels there, putting the recently announced “normalisation of relations” between Russia and Turkey in jeopardy. In the immediate aftermath of the Turkish capture of Jarablus in Syria Turkish President Erdogan telephoned his “friend Putin” on Friday 27th August 2016.
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RT SHOWS
Keiser Report
Episode 960
Max and Stacy discuss complacency and the “mother of all shorts,”
as those who sicken of the calm,...
--
Keiser
Report Episode 959 Max and Stacy discuss the door opened to lesser evil as journalism collapses and
neoliberalism dies. In the second half, Max interviews economist Sandeep Jaitly about negative rates, private placements,
and..
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WASHINGTON BLOG
By Chris Hedges
Bishop George Packard, right, holds a
banner with fellow protesters as they block an entrance to a gas pipeline
construction operation in Montrose, N.Y. The banner reads, “We Say No to Spectra’s Algonquin Pipeline Expansion.” The bishop and eight others were later
arrested. (Erik McGregor)
Chris Hedges is on
vacation and will return to writing his weekly Truthdig
column on Sept. 5. While he is on break, we will republish some of his
past columns. This one originally appeared Nov. 15, 2015.
MONTROSE, N.Y.—It was 6:30 in the morning and George Packard, dressed in a dark suit, a purple clerical bib and a clerical
collar, was at church. Or, rather, at what has become church for the
retired Episcopal bishop, activist and highly decorated Vietnam War veteran.
Packard stood with 20 other protesters on a chilly morning
Nov. 9 to block two roads leading to the staging area for Texas-based Spectra
Energy’s Algonquin
Incremental Market (AIM) pipeline project. After an hour, he and eight
other protesters were arrested by New York state police.
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NOTICIAS IN SPANISH
Bolivia frente a sí misma Pablo Stefanoni
Nada que ver con intereses nefastos del
imperio?
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No se necesita muro que ya existe .. lo que
Trump necesita es borrar
su pecado original: lo dicho para ganar
audiencia en la xenofobia GOP.
Pecar de palabra es grave en política.. Hillary
peco en los hechos .. su
gula desmedida, su lealtad con terrorism Saudis
e Israeli la condenan
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Lo que lograron es desgastar la vigencia de la
Ley, y cuando eso ocurre,
Lo que viene es la insurrecion armada .. Se
espera apoyo del ejecito a favor
de la Ley -como ocurrió en Ven- para definir la
victoria de la Nacion contra
los usurpadores del poder y su corrupto
legislativo. Entonces habrá paz.
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Los pilgrims les arrabataron sus tierra y riquezas
y ese terrorismo aun
continua y es mayor con el Fracking de
petroleros que arrebatan aguas
además de los terrenos que por Ley les fueron
reconocidos.
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lados, y el más importante es el sello clase social que los envuelve.
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Ojala aun queden militares nacionalistas frente
al imperio agresor
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lo dividió mas y cree que la guerra
“antimperial” lo salvara. No es mal
suenio o utopia, es distopia finita en el
tiempo y relativa en el espacio,
por tanto condenada al fracaso, aun si
temporalmente ganó adeptos.
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Para la clase social que lo captura y al que
debe servir, por supuesto.
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feminismo desfeminizado en estándares rupestres:
Lo dijo asi :
“Alexandra Nariño,
guerrillera holandesa de las FARC”, la entrevistada.
Y lo dice también Dilma
Rouseff en Brasil, y sin arrodillarse al imperio.
Ambas merecen nuestra admiración, respeto y
apoyo incondicional.
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Es una lucha contra
la corriente como el salmon en los ríos del Ande
Al final llega a su
destino y deshova. Vence. El guerrerismo imperial
Esta condenado a la
derrota. Aquí en los EE.UU vemos esa derrota
todos los días en
los ex -soldados pidiendo limosna en las calles y
en noticias hoy más
frecuentes sobre suicidios de soldados in service.
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PRESS TV
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Is what the paid-media
by Clinton said
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He already won the war in the ME, nothing to talk.
Just make sure that ISIS & allies are totally destroyed
& make sure they are well check on possible suicide bomb
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Cancer
patient becomes princess in Iran
not politics
Just an incredible humanistic move for a little kid,
In time when kids are using for war propaganda.
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Is the escalation of bombing Syria by NATO and France
allies
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This copy-cat reveal lack of creativity in Hillary’band
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Is Europe’ fear to imperial terrorism that is at stake
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US-Russia
‘clarity’ on Syria Clarity on
nothing.
They don’t accept the fact they are defeated.
NATO need there a serious final blow.. then clarity
prevails
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Debate: Turkey's incursion into Syria new
edition
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