AUG 26 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
THE FINANCIAL ELITE UPSET WITH
YELLEN
1-
Yellen was hawkish but offered some dovish hope,
Fischer dashed that hope, and Powell piled on... (Once again it seems VIX 14
was the target)
Post-Yellen, not pretty...
Stocks tumbled on the day... but the ubiquitous late-day
panic bid sent Nasdaq green
SEE IMAGE AT : http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/08/25/20160826_EOD14.jpg
----
----
----
2-
What is
happening this year is astounding.After saying year after year after
year that the recovery is coming, and even doing so to the point of
condescension, the admissions of wrongfulness are starting to roll in, if only
softly at first. How ludicrous does
“transitory” look now?
----
----
3-
While there are many hopes of an end to the current “profits” recession, there is mounting evidence those hopes may once again be disappointed. One of the latest such indications is rising employee compensation. While rising employee compensation is good from the view it should lead to rising consumption, it also reduces corporate profitability (wages reduce profits.)Furthermore, this is especially problematic currently as rising compensation is being offset by soaring healthcare costs due to the Affordable Care Act.
[[ Accusing the poor for killing
their hopes for more profitability is
not only dishonest but cowardice. It is the military spending that is killing
the hopes of all American .. they don’t say nothing about ]]
----
----
4-
Despite Yellen's hawkish tone, market
participants clung to dovish hopes in her words... but Stan Fischer
just clarified "Yellen's comments were consistent with a
possible September hike" and that has spoiled the party in stocks, bonds, gold, and
the dollar...
----
----
5-
Dear Janet, the bond market's not buying it...
at all...
----
----
6-
Yellen's speech is "a whole lot of
nothing," and likely didn’t change any minds on expectations for a
rate increase this year, Macquarie's Thierry Wizman said after the Jackson Hole
speech.
----
----
----
===
Bill Gross: Yellen's Economy "May Never Walk Normally Again, This Is Not Capitalism"
"She
is opening the door to creating even greater asset bubbles as have the BOJ and
ECB and SNB by purchasing corporate bonds and stocks," Gross
said of Yellen's hint that she may buy even more assets: "This is not capitalism. This is providing a
walker or a wheelchair for an ailing economy. It may
never walk normally again if monetary policy continues in this direction."
----
----
Forget the new economy, it appears
- judging by July's preliminary trade data - that USA's great export is 'food
and beverage'. Thanks to a 31.3% surge
month-over-month in this category - the biggest MoM gain in history
- the US trade deficit 'improved' to -$59.3bn (from -$64.5bn revised
lower) and beat expectations of -$63bn.
----
----
Following the surge in sales (on
higher petroleum costs) in June (and modest build in inventories), the
sales-stock ratio fell back from cycle highs (though remained deep in
recessionary territory). July's preliminary data showed a notable slowdown in inventories (-0.02% vs a 0.1% expected
gain and revised lower 0.2%) confirming recent PMI data of no pickup in growth
in Q3. For 32 months straight, inventory
growth has outpacced sales growth year-over-year with 18 straight months of
wholesale sales declines.
----
----
Well, we made it. It’s finally
Janet Yellen day. Has a speech by a Fed
Chair ever been anticipated, dissected and stressed over to this extent? It’s partially down
to the fact that she has largely, even unprecedentedly, made herself
unavailable for public comment. Sending her minions out to confuse us. But more
distressingly, they have put themselves in a situation where a measly 25 basis
points looms like a life-changing event.
----
----
POLITICS
As the Dakota
Sioux continue their peaceful blockade of the $3.8 billion Dakota Access
Pipeline, the story’s absence from the
national media narrative is palpable.
----
----
The
political duopoly in America simply does not work; nor does it offer hope for a
future cohesive society. It may have
reasonably worked in the past because of our very gifted, blessed economic
advantages... but those advantages are either gone or exiting fast. A corporate media that would force bringing Greens and
Libertarians to the presidential debates in 2016 would forever find its
penitential-redeeming place in America’s history.
----
----
Just a little proof that Democratic
State Committees are little more than money
laundering operations intended to bypass campaign finance laws and funnel
cash to the DNC
----
----
With Yellen's much anticipated
speech just hours away, the already comatose market flat lined overnight in
another directionless session, with European stocks and US equity futures
practically unchanged, while Asian shares to a two-week low, led by Japan, as investors showed a reluctance to take on
risk before Yellen’s speech. The dollar was a tad lower, along with oil which is set for
its first weekly drop in a month.
----
----
"They
were using something called BleachBit. You don't use BleachBit
for yoga emails. When you're using BleachBit,
it is something you really do not want the world to see."
----
----
ME & WORLD ISSUES
US ECON IN WORLD CONTEXT BEFORE
YELLIN SPEECH
1-
Japanese and Core European
curves are totally flat (when not inverted), and all of that happening while in
negative territory. Banks there trade at historical
lows, in stark contrast to US Banks (some of which are interestingly
trading at historical highs) despite the 'yield
curve' in the US now inverted too...
----
2-
At the current rate of purchase
of sovereign bonds the ECB will have have purchased all
sovereign debt issued by Spain in 9 years and Germany in 8.8 years.
----
----
- Global equities set 2-week low before
Yellen speech, dollar dips (BBG)
- Lochte signs new endorsement deal,
legal woes persist in Brazil (Reuters)
- Blackstone Unleashes Cash Hoard in
Texas Shale Oil Land Grab (BBG)
- China to prosecute former statistics
bureau chief for corruption (Reuters)
- Turkey fires on U.S.-backed Kurdish
militia in Syria offensive (Reuters)
----
----
DEMOCRACY NOW
----
----
----
----
GLOBAL RESEARCH
Thousand
Balls of Flame: A Whiff of World War III Hangs in the Air. Cold War 2.0 is On… By Dimitry Orlov
----
The
Globalization of War and the Global Economic Crisis. Is there a Relationship? By Global Research
----
----
----
----
Turkey
Expands Invasion of Syria, with Support of US Air Force… Broader Intervention
to Topple Assad Contemplated? By Jordan Shilton,
----
----
----
----
INFORMATION CLEARING HOUSE
Trouble Between Moscow and Tehran? By The Saker
What really took place, however, deserves some further
scrutiny
----
Will bloodthirsty Hillary follow his advice?
----
----
report published by the London School of Economics last
month found extreme levels of bias in BBC reporting
----
Islam has been used and abused, manipulated and virtually
stripped of its essence.
----
What could have been done with one trillion dollars? How
about free college for all?
----
COUNTER PUNCH
Margaret Kimberley Hillary
and Colin: the War Criminal Charade
----
Dirk Bezemer – Michael Hudson
Finance
is Not the Economy
----
Jeffrey St. Clair Roaming
Charges: Bernie’s Used Cars
----
Rob Urie Crisis
and Opportunity
----
----
Rather than plunging more deeply into the war in Syria, the
United States should:
* place much greater emphasis on seeking diplomatic
solutions, partnering with Russia and states in the region to revive and
strengthen local ceasefires and create political solutions,
* continue and intensify efforts to impose sanctions on ISIS
and block the flow of foreign fighters into Syria,
* support local groups in the region that are pursuing
peacebuilding dialogue and nonviolent solutions,
* increase humanitarian assistance and accept refugees
fleeing the conflict.
----
----
----
----
Ron Jacobs Education
for Liberation
----
Cesar Chelala Guantánamo’s
Quagmire
----
Kollibri terre Sonnenblume
DNC Playing
Dirty Tricks on WikiLeaks
----
John Stanton Brzezinski
Vision for a Power Sharing World Stymied by Ignorant Americans Leaders,
Citizens
----
Ashley Smith Anti-imperialism
and the Syrian Revolution
----
----
RT SHOWS
WASHINGTON BLOG
The mainstream press is accusing Russia of
being behind the release of information on NSA hacking tools.
Washington’s Blog asked the highest-level NSA whistleblower
in history, William Binney – the NSA executive who created the agency’s mass
surveillance program for digital information, what he thinks of such
claims.
Binney told us:
The probability is
that an insider provided the data.
I say this because the NSA net is a closed net that is
continuously encrypted. Which would mean, that if someone wanted
to hack into the NSA network they would not only have to know weaknesses in the
network/firewalls/tables and passwords but also be able
to penetrate the encryption. So, my bet is that it is an insider.
In my opinion, if the Russians had these files, they would
use them not leak them or any part of them to the world.
----
----
In Asia, it’s generally seen as
unpatriotic to criticize one’s country in public, even if you disagree with its
direction and leadership. The
cultural norm is to maintain the “face” of one’s country by hiding its ills
from outsiders.
This reticence is
especially evident in China, which suffers from the memory of being subjugated
by the Western imperialist powers in the late 19th century and early 20th
century. .. As a general rule, you will
rarely hear any profound criticism of China unless you are considered a trusted
friend; giving China a black eye in public is frowned upon, even by its
domestic critics.
For this reason, the
majority of the Western media has very little grasp of what worries Chinese
people. Recently, I have heard fears of a Second
Cultural Revolution being expressed in private.
There is a Great Divide between
generations in China: on the
one side is the older generation that remembers the Maoist era with some
nostalgia and the terrible adversities of the Cultural Revolution (1966 –
1976). On the other side is the young educated, prosperous generation which has
only known consumerist prosperity and personal advancement.
The ideals of the old communes are an abstraction to the
young generation, as are the terrible costs of the Cultural Revolution.
⇒ Keep Reading
⇒ Keep Reading
----
----
NOTICIAS IN SPANISH
----
----
----
----
time, space and the
laws of nature & reason (science)
----
----
Escuadrones de la muerte en Perú Gustavo Espinoza
----
----
----
----
Sobre napalm e inanición Mujeres de Daraya
----
A formar Comités contra reformas
neoliberales!
----
PRESS TV
----
----
----
----
----
----
----
----
----
----
----
===
No hay comentarios:
Publicar un comentario