SET 14 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
Corporate
America has spoken again... and it does not
fit with Hillbama's rosy picture of America's "recovery"...
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The
truth is the unemployment rate is a political number, not an economic one. If
we want an accurate snapshot of employment, earned income and the state of
small business, we have hard data that is already
collected quarterly. Common sense suggests we will get more value from hard
data than from politicized guesswork.
Here only brief extract:
A low unemployment rate tells us
essentially nothing about labor, wages, employment or the real-world economy. What
is meaningful is how much earned and unearned income is flowing to the various
income brackets, and how many people have incomes that enable an independent
household.
From this data, we know that about 123 million tax
returns (individuals, married filing jointly, etc.) reported earned wages and
salaries in 2014. 35.5 million returns reported earnings of less than $20,000.
(Other data fields include the number of returns by type.)
As for calculating the size of
the nation's work force: we can use U.S. Census Bureau estimates of the
population ages 16-70 (now that more people are working past the age of 65),
then deduct the disabled and those in institutions. The remaining number
is the work force. There is no value in guessing who is "discouraged"
and who isn't.
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With EBIT expected to decline
further in 2017 on sales that have "reached a plateau," Ford CEO Mark
Fields announced that the Company will move all of its
remaining small-car production to Mexico.
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In what is normally the pre-open
ramp time, US equity markets just jolted lower into the
red as they finally stopped ignoring the plunge in crude prices this morning...
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The brief bounce from last night's API data (lower than expected build)
has been erased and WTI Crude is testing back to one-week lows with a $44 handle head of
today's DOE data. For now it's not weighing on stocks...
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Following last week's Hurrican Hermine-inspired collapse in crude
inventories (and API's disapponting build), DOE surprised with another (small)
inventory draw (559k barrels). However, machines were
confused as the week saw major builds
in Gasoline (most in 2 months) and Distillates (most in 8 months).
Crude production rose
(+0.4% WoW) for the first time in 4 weeks further confusing the algos. Prices initially knee
jerked higher but the product build and increased production sparked
panic-selling once $45 stops had been run...
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Wondering why the stock and bond markets are
tumbling simultaneously? Confused by the market's apparent inability to
follow the mainstream media's narrative that higher rates are good for markets?
Wonder no longer - the answer, as we have
previously detailed - is the collapse in so-called "risk-parity"
funds that force leveraged long
positions in equity and bond markets to be unwound en masse.
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Nothing written in
the US on China Econ is reliable .. let’s check this one
This morning Hong Kong’s overnight interbank
yuan borrowing rate, or the yuan hibor, shot up to its highest level since
February, soaring nearly threefold to 8.16% from only 2.84% on Tuesday, in what many have said was the latest salvo by the PBOC
against Yuan shorts.
[[ Si China se presta más
es porque está al borde del colapso como nosotros? Lo dudo. The Fact is: our Econ depends a lot on them; if both
countries US-China thrive & prosper that is
& will be good for everybody. But: si cae
pantalón chino cae lo cochino del US en China, dice un proverbio zechi.]]
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Great
news America - it's been over 2 full years since the cost of imported goods
rose year-over-year
(dropping 2.2%in August as expected). The month-over-month drop of 0.2% was bigger than expected and was the first drop since February as US airfares
reportedly tumbled (especially to Europe). China's deflationary contagion hit fresh 6 year lows but prices from almost every region declined.
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POLITICS
Update: Rep.
McCaul claims he "misspoke"...RNC wasn't hacked.
It's not just Democrats that are running scared of what truth-bombs
"Russian hackers" will drop next. According to Texas Rep. Michael
McCaul, and House Homeland Security Chairman, "Russian hackers" have also penetrated
the computer systems of the RNC.
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Only taking out Hillary from the race this trend can be
reverted,
then the mess will be transferred to GOP.. the rise of
libertarians
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ME & WORLD ISSUES
"We
are going to move towards an EU army much faster than people believe." But the creation of a European army, a long-held goal
of European federalists, would entail an unprecedented
transfer of sovereignty from European nation states to unelected bureaucrats in
Brussels, the de facto capital of the EU.
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The best thing that could happen during this presidential
election is happening. Once and for all, the
press is being outed as the traitorous bunch of clowns we have always known
they were.
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"When $1.5 trillion in strategies are forced
to reallocate due to (again) again enormous “vol of vol” / “convexity in the
market” swings, it moves markets--period, end of story."
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Related : The
Bank Of Japan Unleashes Chaos
"...even if we have the
press release listing exactly what the BoJ was going to do, the market response to various policy mixes is such a
coin-flip that it’s nearly impossible to prognosticate."
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Solo de la exportacion de muerte vivimos:
ayer a los Saudis, hoy a Israel again
While the US relationship with Saudi Arabia can
be described, perhaps courtesy of the latter's donations to the Clinton
campaign, as one of preferential treatment when
it comes to arms deals, the relationship with Israel is even simpler. As
Reuters reports, the US and Israel reached an agreement
on a record new package of at least $38
billion in U.S. military aid to be supplied to Israel over the next decade.
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Bayer
gana y el pueblo pierde: a comer las bananas-monsanto podridas por dentro?
In a transaction that will allow
Bayer to command more than a quarter of the combined
world market for seeds and pesticides, not to mention is set to be the
biggest M&A deal for 2016, Reuters
reported that Bayer has won over Monsanto's management with a $128
per-share cash offer to acquire the global seed market leader, in a deal worth
$66 billion.
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- Bayer wins over Monsanto with improved $66 billion bid (Reuters)
- Yen trims gains as doubts creep in over BOJ easing (Reuters)
- BOJ to make negative rates centerpiece of future easing: sources (Reuters)
- Stocks Halt Selloff in Europe as Commodities Gains Lift Miners (BBG)
- Donald Trump, New Team Recast His TV Image (WSJ)
- Hanjin Brings One of World's Busiest Shipping Terminals Close to Standstill (BBG)
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DEMOCRACY NOW
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GLOBAL RESEARCH
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Washington’s
“Failure” in Syria Is Not About Strategy. Washington and Ankara Have Consistently
Supported Al Qaeda, ISIS By Federico
Pieraccini,
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MUST SEE VIDEO: The Truth about Syria, a Country
Fighting the “Invasion by the Most Powerful Country in the World”. US Peace
Council By Alex Christoforou
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Post
9/11 Militarization: US has Spent Nearly $5 trillion on Wars Since September
11, 2001, Under the Pretext of “Fighting Terrorism” By Bill Van Auken,
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What difference it makes? Es una enfermita que
cuidar para el museo del cronyism
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THE REAL NEWS NETWORK
Phyllis Bennis and
Rania Khalek say this will cement Obama's legacy as the most pro-Israel
president
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The US Government
relies on public ignorance in order to threaten the privacy of tens of millions
of people around the world, Snowden exposed that, says Naureen Shah of Amnesty
International USA
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President Temer's
economic plan represents a deepening of neoliberal economic policies that
Rousseff had already begun and will not improve the economic situation, says
Professor Alfredo Saad-Filho
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On Tuesday, people
across the world stood in solidarity with activists in North Dakota as they
continue to block construction of the Dakota Access Pipeline and risk arrest
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INFORMATION CLEARING HOUSE
Nothing against the will of the people can be done.
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You don’t want to be
a corporate or political crook in China.
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We know the sorrows of empire. From Iran to Cuba to Vietnam
to Afghanistan and Iraq.
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Fanaticism from the Dark Ages sold as a bright vision for
the 21st century.
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The Untold
Story of 9/11 Bailing Out Alan Greenspan’s Legacy By Pam and Russ Martens
How Wall Street was on the cusp of being exposed by the New
York State Attorney General.
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COUNTER PUNCH
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Pepe Escobar China
Ups the Game in the South China Sea
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Binoy Kampmark In
Sickness and in Health: Illness in the White House
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Laura Carlsen Six
Months Without Berta, Six Months Without Justice
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Rivera Sun Health,
Safety, Toxicity . . . and Elections
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RT SHOWS & SPUTNIK
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Going
Underground Foreign
Affairs Select Committee chair on Libya, prison politics & ill Hillary
(E385)
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Russian-Iranian Banking Partnership Aims to Ditch Dollars for
Rials and Rubles https://sputniknews.com/middleeast/20160915/1045322991/russia-iran-bank-currency.html
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German Officer to Sputnik: Drone Strikes Out of Ramstein
Airbase Violate International Law https://sputniknews.com/europe/20160914/1045299657/ramstein-us-drone-strikes-commentary.html
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‘Dumb,’ ‘National Disgrace’: Email Leak Reveals Colin Powell
None Too Pleased With Either Trump or Clinton https://sputniknews.com/politics/20160915/1045318058/colin-powell-email.html
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WASHINGTON BLOG
Posted on September 14, 2016 by Carl Herman
hat tip: What Really Happened
Bill Still’s 7-minute report of facts
and analysis on the e-mails’ content of Clinton Foundation “pay to play”
looting and treason:
Video URL FBI CLINTON
GUILT OF TREASON : https://youtu.be/sP1rXKaHF3s
Another video: Abel
danger- FBI insider: Clinton foundations Scandal URL:
Clinton: If I go down, we al go down https://youtu.be/j1jjLOmwSh4
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Posted on September 14, 2016 by Brandon
Turbeville
Activist Post
Activist Post
The ceasefire deal,
brokered between Russia and the United States, is made up of a number different
facets. First, Russia is required to pressure the Syrian government to stop its
military combat activities against what is considered “moderate” US-backed
rebels. On the other side, if the ceasefire holds for at least seven days, the
United States is supposed to join Russia in military operations against Jobhat
al-Nusra (Jobhat Fatah al-Sham). The U.S. will also have to be more clear which
“rebels” are “moderate” cannibals and which ones are “extremist” cannibals and,
as John Kerry admitted, it will require “some sharing of information” with the
Russians.
“This requires
halting all attacks, including aerial bombardments, and any attempts to gain
additional territory at the expense of the parties to the cessation. It
requires unimpeded and sustained humanitarian access to all of the besieged and
hard-to-reach areas, including Aleppo,” said US Secretary of State John Kerry.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
El 11-S y los nueve objetivos de la ocupación
de Afganistán
Nazanín Armanian
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Snowden argumenta por el "perdón" de
Obama Valeria Ríos
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Hacia una "desdolarización" de la
economía mundial?
Francisco Navarro
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La paradoja de la globalización, de Dani Rodrik Albert Medina
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PRESS TV
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