AUG 10 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
Either the economy is like
1979, or it was never a recovery to begin with...
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According to Bank of
America's internal aggregated credit and debit card data, consumer spending
slowed in July, with retail sales ex-autos down 0.3% mom on a seasonally
adjusted basis. As the bank concludes, "In our view, this sets up for a softer Census Bureau retail sales
report on Friday – we would not be surprised to see either disappointing
July sales and/or a downward revision to June."
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Following
last night's unexpected build in crude (and Cushing) inventories, DOE data
confirmed the surprising build in Crude (+1.05mm
- 3rd weekly rise) and Cushing's 1.2mm build is the most in 3 months. Gasoline
inventories drewdown less than API reported but Distillates saw an unexpected build. Crude is whipsawing around as the bullish gasoline
draw (and
production cut) battles with
bearishly unexpected builds in crude, Cushing, and Distillates.
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How do you ride out
low oil prices and still pay dividends and CEO salaries? You double down on debt, apparently.
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NOT JOKE, if any.. overlook it
Moments ago the BLS
reported Janet Yellen's favorite labor market indicator, the JOLTS survey,
which showed that in June (recall this report is 1 month delayed to the
payrolls report), the number of job opening
rebounded from a revised 5.514 million to 5.624 million, modestly missing
expectations of 5.675 million largely in line with the range.
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POLITICS
As November inches closer,
America’s two-party duopoly continues to implode. Disillusioned
Democrats are making a mass exodus from their party while prominent
Republicans vow to support Clinton over Trump, and once clear-cut lines in American politics are disintegrating as Americans got seek of,
actually “less evil” options.
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Tragically, the message of liberalism is simple,
yet so difficult to communicate: violent
exploitation through politics creates destructive class conflict; peaceful
cooperation through the market doesn’t.
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It’s important to acknowledge
that the U.S. economy has morphed into one gigantic lawless crime scene. An
environment in which crony insiders who add zero value to society parasitically
feast on the country’s treasure. In the case of so-called “think tanks,” we
have organizations receiving copious taxpayer subsidies for the privilege of
screwing over the American public.
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This is the way the “Mafioso-democracy” works today in the
US: by killing opposition
The mysterious circumstances surrounding the
death of 27-year-old Democratic-staffer Seth Rich have stirred Wikileaks
founder Julian Assange to offer a $20,000 reward for information leading to a
conviction. But it is Assange's comments during a Dutch TV interview that are most disturbing as he hinted that Rich -
who was in charge of DNC voter expansion data - was the email-leaker and his
death was a politically-motivated assassination. [Who is behind this murder? .. you know her name.]
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“The Mafioso Democracy in Action” .. they believe they are
above the Law.. like Hillary.]
Amid the media-hyped
furor over Donald Trump's 2nd Amendment comments and Wikileaks'
suggestions about the untimely death of DNC-staffer Seth Rich, we
thought it perhaps of note that Democratic strategist, and CNN host, has
publicly called for the "illegal assassination of that son-of-a-bitch" Julian Assange...
[[ Does FBI and Supreme Court surrender to them? .. Nobody
knows .. We will see .. ]]
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At least two law enforcement officers were shot this
morning in Sebastian County,
Arkansas, according to the Sebastian County Sheriff’s Office. As
5News.com reports, the shooting suspect is not being cooperative
and is carrying a semi-automatic weapon. The suspect is still at
large.
[[ After killing police officers .. they will kill well-armed
plutocrats .. We will blame the arms too?]]
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"America’s role
in the world is to corral Russia, defend Europe, contain China, isolate
Iran, deter North Korea, and battle al-Qaida and ISIS wherever they may
be...bleeding
our country's military. We are also to convert Syria, Iraq,
Libya, Yemen and Afghanistan into pro-Western preferably democratic countries, and embrace “free trade,” accepting the imported
merchandise of all mankind, even if that means endless
$800 billion trade deficits, bleeding
our country’s economy." Otherwise, you are just an isolationist.
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According to a recent
Pew Research survey, “28 percent of those who have attended black Protestant churches in the
last few months heard their pastor support Hillary Clinton.” This
is a pretty remarkable statistic considering it is illegal to do so.
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While California may
have the highest per capita debt, it also has the lowest default rate across
the entire US. Which is incidentally where it also was
in the years 2003-2005, just before its default rate exploded after the
subprime bubble burst.
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ME & WORLD ISSUES
THE WORLD NEOLIBERAL COLLAPSE CONTINUE.. read these news:
And this one:
“When it gets serious you have to lie.” Here’s the
reality: Europe’s banking system is
toast.
[My suggestion: continue
manufacturing weapons & wars .. survivors will find u &“love” u.]
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France is taking steps to
de-radicalize its mosques in
the hopes of preventing the radicalization of its Muslim community. Since
December, the French government, acting under expanded emergency powers, has shut down twenty mosques for
preaching Salafism, a strict and highly politicized Sunni
interpretation of Islam.
[ When any religious faith is mixed with politics .. it creates
the greatest barbarities in human history]
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After
Turkey Warns West May "Lose" The Country, NATO "Reminds" Ankara
It Is Still An Alliance Member
Less than a day after Turkey's surprising pivot toward Russia,
when in his first post-coup trip abroad Turkey president Erdogan flew not to a
western, or NATO, ally but instead jaunted to meet with Vladimit Putin to repair
and cement future ties, a suddenly very defensive NATO
and in what some commentators dubbed an "odd move", reminded Turkey that it is still an ally
member.
[[ So, Turkey is a soldier &
their breach to codes deserves “martial court” &/or execution.]]
[ Typical: when
bellicosity goes hand on hand with paranoia, hallucinations & delussions..
we are in front of a dangerous schizophrenia typical among terrorists.
In this case: Supra-State terrorism.]
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Following yesterday's muted action which saw the S&P500 close unchanged,
it has been more of the same listless trading overnight, with US equity index
futures little changed as the Nikkei fell on the back of a stronger Yen, while
government bonds rose and European stocks reversed early gains following the
BOE failed bond monetization operation. Crude oil
dropped for a second day after Saudi Arabia told OPEC that it pumped a record
10.67 million barrels of oil a day,
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Today the London
Metal Exchange (LME) and the World Gold Council (WGC) jointly announced the
launch next year of standardised gold and silver spot and futures contracts
which will
trade on the LME’s electronic platform LMESelect,
will clear on the LME central clearing platform LME Clear, and that will be settled ‘loco London’. Together
these new products will be known as ‘LMEprecious.’
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In the first six
months of the year, the number of
overnight stays of foreign tourists in France fell by an average of 10%,
due to concerns over the attacks, said Secretary
of State for tourism promotion, Matthias Fekl, in an interview with the Sunday
newspaper.
[[ If they want to get out of “patronized terrorism”.. get out
of NATO first .. with an auto-coup (top-down REV) like Erdogan in Turkey ..
then get out of the EU, and join the zero-nuke platform from RU: this is the
base to re-build the economy & stop producing weapons & wars abroad
.. there is no other way . ]]
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If you're a world-class
British athlete, it may well be time to consider emigration to Singapore... judging by the colossal variance in
gold medal bonuses on offer by various nations at The Olympics.
See big image location at: https://d28wbuch0jlv7v.cloudfront.net/images/infografik/normal/chartoftheday_5448_some_athletes_are_chasing_huge_gold_medal_bonuses_n.jpg
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DEMOCRACY NOW or DOWN with TYRANNY
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GLOBAL RESEARCH
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THE REAL NEWS NETWORK
A Brazilian judge has
ruled organizers must allow protests against the Temer government inside the
Rio Olympics
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Canada Bars Hundreds of Activists
From Attending the World Social Forum
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COUNTER PUNCH
Eric Draitser Hillary
Clinton and the Big (Neoliberal) Lie
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Michael Hudson - Sharmini Peries Let
the Battle of the Lesser Evils Commence
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John W. Whitehead Killer
Instincts: When Police Become Judge, Jury and Executioner
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RT SHOWS
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WASHINGTON BLOG
Posted on August 10, 2016 by Charles
Hugh Smith
The Establishment is freaking out
about Donald Trump for one reason: they didn’t pick him. The Establishment is freaking out because
the natural order of things is that we pick the presidential candidates and
we run the country to serve ourselves, i.e. the financial-political elites.
Donald Trump’s candidacy upsets this neofeudal natural
order, and thus he (and everyone who supports him) is anathema to the
Establishment, heretics who must be silenced, cowed, marginalized,
mocked and ultimately put back in their place as subservient debt-serfs.
With Trump ascendant, the
serfs are selecting the noble in the castle on the hill. Outrageous! Unheard of!
You know the Establishment is
freaking out when Establishment pundit mouthpieces like David Brooks and
Francis Fukuyama are freaking out about Trump. David Brooks could not restrain his disdain for Trump on a recent
Charlie Rose segment, in which he intoned (and I paraphrase) that Trump can’t
put eight words together without referring to himself, i.e. he is not just a
narcissist, but he is (take this, Trump!) a fragile narcissist— unlike
people like Brooks, of course, who are solid, secure, wise, well-educated,
erudite water-carriers for the status quo.
Policy heavy-hitter Fukuyama
confesses the political system in the U.S. is broken but he
can’t understand why the citizenry has selected the “singularly inappropriate
instrument” (his description of Trump in the pages of Foreign Affairs)
of Donald Trump to express
their disdain for their neofeudal lords.
⇒ Keep Reading
⇒ Keep Reading
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Marc
Faber Issues A Stunning Warning That A Gigantic 50 Percent Stock Market Crash
Could Be Coming. Posted on August 9, 2016 by WashingtonsBlog
By Michael Snyder, the Economic Collapse Blog.
Are we about to
witness one of the largest stock market crashes in U.S. history? Swiss
investor Marc Faber is the publisher of the “Gloom,
Boom & Doom Report” According
to Faber, we could “easily” see the S&P 500 plunge all the way down to
1,100. As I sit here writing this article, the S&P 500 is sitting at
2,181.74, so that would be a drop of cataclysmic proportions. The
following is an excerpt from a CNBC article that
discussed the remarks that Faber made on their network on Monday…
The notoriously bearish Marc Faber is doubling down on his dire market
view.
The editor and publisher of the Gloom, Boom & Doom Report said
Monday on CNBC’s “Trading Nation” that stocks are likely to endure a gut-wrenching drop that would rival the
greatest crashes in stock market history.
“I think we can easily give
back five years of capital gains, which would take the market down to around
1,100,” Faber said, referring to a level 50 percent below Monday’s
closing on the S&P 500.
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NOTICIAS IN SPANISH
Bertha Zúñiga "El Estado hondureño es el promotor de
todos los proyectos mortíferos para las comunidades indígenas" Int by Alexandre
Anfruns
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US
Mumia Abu-Jamal. El ascenso del femenino imperial
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PRESS TV
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Polls are paid by Clinton.. Trump is gona win anyway
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South Sudan reject US
proposal for peacekeepers
Juba
rejects US proposal on Who in their right mind wants them
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Refugee
influx ahead of Mosul battle the Kurds
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Trump
like a loose cannon: Pundit an ex-CIA
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