AUG 19 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
While
the flaws of Obamacare were incredibly easy to see, so too are the flaws in the
Federal Reserve’s stimulus policy. What’s amazing is that more people
aren’t able to see through it as easily...
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What if a sudden inflation’ strike
creates a national Revolt?
What if it intersects with NOV 4
collapse of the Pol system?
Far from
maintaining economic stability and fostering prosperity, consumer price
inflation targeting practically
guarantees a pernicious wealth transfer year in and year out, a
perpetual duping of unsuspecting employees and companies, and a permanent blind
spot to hidden inflation.
Check the content of this article:
What Is Inflation?
The Monetary Cause of
Inflation
Inflation as a Process of
Wealth Transfer
Inflation as Trickery
Solving the Problem
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"With macro this dominant, credit
no longer seems bothered by defaults. S&P pointed out this week that YTD defaults have now equalled last year’s full-year total, and
are running at their highest pace since 2009. Once upon a time, that would have been associated with spread widening. But not this year."
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What if investors refuse to buy
.. as suggested by two of them?
Can they pinch the bubble? .. What prevent them to do it?
The person willing to pay top dollar is called
the "marginal buyer". Most of us don't really think about him
much, but he (or she) is very, very important. Why?
Because the marginal buyer not only determines price levels, but also their
stability and degree of volatility. The behavior of the marginal buyer, as well as
the degree of competition for his/her "top dog" spot, sets the prices
of nearly every asset class held by today's investors.
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They may pinch the bubble when a
political strike happens:
Is this the case of nuke war? .. Can war-monger Hillary force them to pinch
the bubble?
With Central Banks offering markets every accommodation imaginable, the WSJ asks what
they'll do when any one of the many pending political catastrophes strike?
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Economic growth very uncertain.. If prices fall, big Corp may
fall
Crude prices had slipped back into the red
ahead of Baker Hughes rig count data (after topping $48.50 Sept 16 overnight). For
the 8th straight week (and 11 of last
12) the US oil rig count rose (up 10 to 406), tracking the lagged
recovery of WTI Crude prices and up 28%
from cycle lows.
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Apple stock is sliding very modestly for now as Digitimes reports Tim Cook has asked
downstream part and component suppliers in Taiwan to reduce quotes for iPhone 7 devices by as much as 20%...even
though order volumes for new phones are reportedly 30% lower than those placed
a year earlier.
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A lesson to USA on deflation to depression
In the late 1990’s, economists attempted to get reacquainted with
something that they previously believed was an artifact of long ago history. The plight of Japan during that
decade had revived fears of deflation and depression. Some economists, those daring enough to
challenge entrenched notions, began
even to contemplate whether or not it could happen here.
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The Fed has not only failed to fix what's broken in the U.S. economy--it has actively
made those problems worse.
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Yellen: everything is OK .. but only until dangerous bubbles
don’t burst
"Nothing terribly catastrophic has happened yet, so we have decided to continue
screwing responsible savers with
interest rates that are at 5,000 year lows so that this dangerous asset bubble can persist..."
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As another week comes to a close, we continue to wrestle with a market that remains
detached from underlying economic data and
clings to recent levels of over overbought, overextended and low reward/risk
outcomes. Of course, in
the final stages of a bull market, this is what has historically been the case.
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POLITICS
VICTORY only exist in the unclear mind of Hillary
What
America has in Hillary Clinton is a potential president with the charisma but
not the competence of Angela Merkel, and the ethics of Dilma Rousseff. Yet, still, on the
mega-issue, America’s desire for change, and on specific issues, Trump holds
something close to a full house. The coming economic news — we had 1
percent growth in the first half of 2016 — this could cause a second look at
Trumponomics. And whoever
is out there strategically dropping Democratic emails may be readying an
October surprise for Hillary Clinton, a massive document dump that buries her.
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SINGLE PAYER is the solution to
the sabotage of Obamacare
This slow exodus of insurers from the health law's marketplaces
represents a serious threat to the continued stability and existence of its
exchanges. Obamacare is perched on the edge of a
death spiral. The fundamental problem is
simple: Insurers are losing money... was that
the plan all along for the Affordable Care Act?
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Following his apparent pivot to a new 'nice guy' performance in this
election campaign - and the resignation of Paul Manafort, Donald Trump released his first general election ad - focused on 'safety' for Americans...
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"Where
is the money going? Nobody knows," said Franklin Spinney, a retired military analyst for the Pentagon and
critic of Defense Department planning.
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ME & WORLD ISSUES
Rather than focus on Paul
Manafort's connection to Ukraine; perhaps the mainstream media should look at Hillary
Clinton's massive donations from Ukraine, or the newly leaked documents
showing that George Soros was active in mapping out the
Greek media landscape with generous grants, so as to further the Ukraine coup.
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Cathay Pacific shares have been crushed this week as earnings indicate
collapsing corporate travel in China... "business will continue to be adversely affected by overcapacity and
economic fragility."
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George Sokoloff, founder and CIO of Carmot Capital, explains why
typical asset allocation strategies, including those
employed by most "sophisticated"
hedge fund managers, end up getting slaughtered during market shocks despite
perceptions of being "well hedged".
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Norway
is heading straight into stagflation and at some point Norges Bank will be
forced to tighten monetary policy into a weakening economy. The world
should take note, because the real end game for central banks will come when
they are constrained by rising inflation in a weakening economy. We all know what
happened after the 1970s stagflation; and hiking rates to 20 per cent in an
overleveraged world is a lot harder than it was back then.
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GLOBAL RESEARCH
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The
Aleppo Poster Child. Propaganda Picture to Justify Escalation of US-led
Humanitarian War By Dr. Paul Craig
Roberts
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IPS Fellow Phyllis
Bennis says U.S. officials want to ensure that the Saudis are pacified
following the nuclear deal with Iran
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Physicians for a
National Health Program founder Dr. Steffie Woolhandler: the fundamental
problem is our reliance on market-based solutions to healthcare
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Investigative
journalist Bruce Livesey has teamed up with TRNN to make a documentary to
expose the Koch brothers' war on the environment and their plan to influence
the 2016 elections - and we need your help. Please make a donation today.
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Truthout's Maya
Schenwar says the announcement won't affect federal immigration detention
centers or state prisons
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Climate scientist
Michael Mann: The recent floods in Louisiana, West Virginia, and Ellicott City
are becoming the norm
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Donald Trump and
Hillary Clinton have said many things over the years. We asked participants at
this year's Democratic National Convention if they could identify the speaker
based on the statement.
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INFORMATION CLEARING HOUSE
Russia’s Middle East Breakthrough… No Wonder
Washington’s Grouchy By Finian Cunningham
Washington is losing all credibility in the strategically
pivotal region
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Russia was instrumental in initiating the new diplomatic
approach with Turkey.
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If only Turkey were to join BRICS, if it decided to leave
NATO, the entire world would change!
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Whatever Washington accuses Assad of doing to Syrians is
nothing compared to the death and destruction that Washington brought to Syria.
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It is an historical fact that the U.S. and Saudi Arabia
created the international jihadist network
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“The era of American ascendancy in international politics
that began in 1945—is fast winding down.”
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State Dept. says $400 million cash payment to Iran was
contingent on American prisoners' release.
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Revealed:
The Secret Donor Behind “Children of Israel,” Ghost Corporation Funding GOP Super PACs
By Jon Schwarz
By Jon Schwarz
Ghost corporations are a particularly dangerous and alarming
new twist in campaign financing
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I put America in the Toilet. Vote for Hillary & She will
Pull The Handle
So this is what passes for progressive thought on war and
peace as seen by the Democratic Party of Hillary Clinton
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“Liberals are now
quite deranged and applaud a woman who will crush their feeble agenda as soon
as she says the oath of office.”
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COUNTER PUNCH
Jeffrey St. Clair Roaming
Charges: Prime Time Green
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Conn Hallinan Dangerous
Seas: China and the USA
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Alex Richardson-Price The
Fight for a Six Hour Workday
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Brian Cloughley Hillary
Clinton’s War Policy she will win: false premise
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Robert Fantina The
Olympics: Nationalism at its Worst
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Sam Husseini How
Presidential “Non-Opinion” Polls Drive Down Third Party Numbers and Facilitate
Debate Exclusion
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RT SHOWS
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WASHINGTON BLOG
Posted on August 19, 2016 by Charles
Hugh Smith
The Federal Reserve claims its
monetary interventions saved America from economic ruin in 2009, and have
bolstered growth ever since. Don’t hurt yourself patting your own
backs, Fed governors past and present: it’s bad
enough that the Fed can’t fix the economy’s real problems–its policies actively
make them worse.
After seven long years of politicos and the financial media
glorifying the Federal Reserve’s policies as god-like in their power and
efficacy, let’s take a quick look at the results of
these vaunted policies:
ZIRP (zero interest rates), (QE) quantitative easing, both of
which are ways of shoving nearly-free money ( a.k.a. liquidity) into the
banking sector, where all this free money is supposed to filter into the global
economy, working miracles of prosperity.
The stated goal of the Fed’s zero-interest rate policy
(ZIRP) and quantitative easing (QE) was to make borrowing easier for both
corporations and consumers, the idea being that companies would borrow to
invest in new productive capacity and consumers would buy the new goods and
services being produced with the Fed’s cheap credit.
The secondary publicly stated
goal was to spark a rally in stocks, bonds and real estate that would spark a wealth
effect: as households saw their net worth rise, they would feel
wealthier and thus more likely to borrow money to buy more goods and services.
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NOTICIAS IN SPANISH
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Éric Toussaint Argentina: continúan las acciones contra la
deuda ilegítima
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MERCOSUR, bajo fuego cruzado de
Washington P Montesinos
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La hoja de ruta de Hillary: “la
reina de la guerra” Pepe
Escobar
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Preocupación en EE.UU. por la salud
de Hillary Clinton Otra loca al trono?
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Vivo en el US y he visto muchas exp
cooperaivas y comunitaristas
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PRESS TV
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