AUG 9 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
Bye Bye American-neoliberal growth & “development”..
perfect shot to legs
Morgan Stanley's Adam
Longson confirmed overnight that he isn't going to change his bearish oil call
any time soon, with a warning that "very little has been addressed fundamentally to correct these
problems. Greater headwinds lay ahead, especially for crude oil. In
fact, we would argue that recent price action and developments may have
exacerbated the situation." Putting a number to his call: oil will slide to $35 in the next
1-3 months.
----
----
There were a lot of predictions last year that 2016 would lead to the
disappearance of many strippers – the oil well producers who take nearly depleted
“stripper” wells and keep them running
and producing a few barrels a day. While many strippers have taken action to cut back some of their less
profitable wells, by and large, stripper production is much more resilient than many had expected.
That reality holds important implications for the industry at large... but strippers are
facing new problems from proposed federal oil and gas regulations though.
----
----
Despite the worst slump in US productivity in 37 years, a VIX crushing "bad news is great
news" surge in stocks has lifted the S&P 500 to yet another new record intraday high (on pro rate lowest
volumes of the year)...
----
----
Following the Q2 GDP
print, the slowing in aggregate weekly hours suggested a modest pickup QoQ in
non-farm productivity, but it plunged 0.6% - dramatically missing the +0.4% exp
in this preliminary Q2 report. This is the 3rd quarterly decline in a row - the first time that has
happened since 1979. This three quarter
plunge is the biggest
drop in productivity since 1993, and this is the first YoY drop (-0.4%) since Q2 2013. All in all... a disaster!
----
----
While hope springs
eternal for Q3 GDP, the revised jump in Q2 inventories data (+0.3% in June vs
0.0% exp and +0.2% in May revised up from initial) suggests perhaps Q3 will be a
let-down. But all eyes will be focused on Wholesale Sales which surged 1.9% MoM - the most
since Sept 2012, though we note sales remain lower (-0.45%) YoY and
inventories higher (+0.24%) YoY. Sadly - for the
recovery-optimists - auto
inventory-to-sales ratio rose to 1.82x.
----
----
Before this morning's
ugly productivity data sent bond yields tumbling, 10Y Treasury yields had briefly surpassed the
consensus analysts' forecast of 2016 year-end levels. Having seen the
collapse of the massive net short position in the Treasury complex squeezed to
its longest since 2014, as rates have risen in the last
3 weeks, so shorts have begun to gather
pace once again...
----
----
POLITICS
Few would dispute that Hillary Clinton is the Establishment's
candidate' but, elements of the Deep State might sabotage Hillary's campaign as the greater
threat to American interests.
----
----
ME & WORLD ISSUES
West
On Edge As Erdogan Meets With Putin: "Turkey's Relations With The US Are
The Worst In 50 Years"
In a slap to the face of its Western friends, as the FT
puts it, instead of visiting a Nato ally, Erdogan's first trip abroad since
surviving last month’s coup attempt the Turkish president is going to Vladimir
Putin’s Russia. As one Turkish diplomat in Moscow said: “Our relations with the US are the worst in 50 years . . . and that definitely makes engaging Russia an
attractive option.” Needless to say, Putin will be most delighted by
this development...
----
----
Britts nuke by neoliberalism
Futures
Flat; Global Stocks, Bonds Rise As Sterling Slides For Fifth Day
S&P500 index futures were unchanged (up less than
0.1%) following another modest, low-volume levitation in European, Asian shares
in a mostly eventless overnight session; oil comes off
following gaining overnight with WTI trading just around $43.
----
----
- Search for yield drives stocks higher, pound falls vs dollar (Reuters)
- China's slowing wholesale deflation takes pressure off central bank (Reuters)
- Rajan Holds India Rates in Final Move as Inflation Quickens (BBG)
- Brent above $45 on U.S. inventories, producer action speculation (Reuters)
- Republican national security experts: Trump would be 'dangerous' president (Reuters)
----
----
DEMOCRACY NOW
----
----
----
GLOBAL RESEARCH
----
----
----
-
THE REAL NEWS NETWORK
Investigative
reporter Greg Palast tells Paul Jay that John Paulson made billions in the
mortgage market collapse and by holding the auto industry hostage for taxpayer
money
----
----
INFORMATION CLEARING HOUSE
----
----
This is about resurrecting the faded dream of a new American
century
----
----
Green Party Nominee Jill Stein: "We Are Saying No to the 'Lesser Evil'
and Yes to the Greater Good"
By Democracy Now!
By Democracy Now!
----
----
COUNTER PUNCH
Richard Moser. The
Movement and Elections: It’s What We Do That Matters
----
Mario Mercado Puerto
Ricans’ Response to the Economic Crisis Rooted in Misinformation and
Frustration
----
----
RT SHOWS
In the CIA supposed to be “intelligent” people but .. quiza
por eso lo sacaron
----
----
----
----
WASHINGTON BLOG
WANT vs NEED. An interview by Max Keiser and
Stacy Herbert’s new podcast Double Down.
Of the citizens of
the declining Roman empire, it was said: “Give them bread and circuses and they
will never revolt.” So true is this of all such citizens of declining empire
that every four years American presidential wannabes even promise revolution but
know that the voter will ask only for more bread, circuses and… taco bowls. Dr. Michael Hudson joins Double Down to talk about the
economic reality behind the Trump voter and about whether or not, as it is
claimed, Hillary Clinton is the ‘most progressive’ candidate in Democratic
history. Listen here
----
----
NOTICIAS IN SPANISH
Erdoğan y su proyecto
nacional-islamista José Antonio Gutiérrez. Una lengua, una raza, una bandera, una religión .. una barraca
militar lista para la 3ra guerra mundial
----
----
----
----
----
----
----
----
----
----
----
----
Los Juegos de la exclusión y la militarización Raún Zibechi
----
Fabien Ollier “El deporte reino del anti-moral que oculta trampas, y corruptelas tras
el común publicitario de la ‘ética deportiva’” Manu
Bichindaritz
----
----
----
PRESS TV
----
----
----
----
----
----
----
Said senator
Elizabeth Warren .. she forgot that
Clinton plan is also
for big Corp & supported
----
----
----
----
----
----
----
----
Sure.. this is not
the 1st time.. just stop invasion
of Palestinian
land. .. This killing lead to your kill
----
Or made in hell .. as
most religions from the ME
----
----
===
No hay comentarios:
Publicar un comentario