SET 15 16 SIT EC
y POL
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WHAT DO WE DO WHEN THE FBI REJECTS ITS BASIC
RESPONSIBILITIES?
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HERE IS MY COMMENT to the article:
WHAT’S THE FBI HIDING? By Andrew P. Napolitano
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ZERO HEDGE
ECONOMICS
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Do not, we repeat not, show this chart to President Obama...
US Industrial
production fell 0.4% MoM in August, its biggest drop since March. However, the 1.1% slump YoY in US Industrial Production -
the 12th month in a row - is the longest non-recessionary slump in over 100
years...
Consider the
following... America has never
suffered a longer decline in US Industrial Production without being in
recession...
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Over the past year we have seen numerous occasions where regional Fed
diffusion indexes posted a headline rebound despite all their components
deteriorating. Today was one such day, when moments ago the NY Fed released the
Empire State Mfg Survey, which "somehow" rose from -4.21 to -1.99 (it
still missed expectations of a -1.00 print). We say
somehow because thie "rise" happened even as every component in the index
declined.
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Initial jobless claims continue to live in adistorted world of its own...
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"It is usually a bad idea to buy corporate
high yield bonds late in an economic upturn. Let me share some facts with you
that undermine the perception outlined above..."
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"Much of the run-up over the
past few years has been primarily about multiple expansions. And the scary thing about multiple expansions is that they
are reliably mean-reverting—if they run too far, the market always takes it
back, sometimes with a vengeance. And we are currently almost 70% too
far."
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The correlation between stocks and bonds has surged to
its highest (and positive) since the peak of the stock market in 2007...
See graph at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/15/20110915_corr1_0.jpg
Today's environment is not normal - it has been 9 years since bonds and stocks moved in sync,
completely confused. That time it did not end well... but this time is
different, right?
As
The Wall Street Journal notes, bonds and stocks have both gotten
clobbered in recent days, reversing the traditional relationship between the
two in a way that’s only happened during shifts in Federal Reserve policy over
the past decade.
And the chaotic correlation surge
has sparked the biggest drop in Risk Parity funds since August 2015's crash...
See graph at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/15/20110915_RP1_0.jpg
At the same time, breadth in the market is notably
weakening... which has not ended well before...
See graph at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/15/20110915_breadth_0.jpg
Finally we leave it to David
Rosenberg, chief economist and strategist at Gluskin Sheff &
Associates, to sum up the market currently...
“How to describe the current
market backdrop? In a word: jitters,”
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The
problem for the Fed is that once again the window for a “rate hike” has likely
closed. Economic uncertainty,
deflationary threats, and market volatility will keep them boxed in for now. Unfortunately, the recent spike in LIBOR has likely
already done a bigger job of tightening monetary policy than the Fed actually
intended to do. This could cause problems in the not too distant future.
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What do you do when the economy
isn't growing the way you want it to but you need to win an election in the
very near future? Well, one option is to have the Census
Bureau change its data collection methodology to goal seek the desired income
growth.
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Average
weekly wages for the nation decreased to $1,043, a 0.5 percent decrease, during the year ending in the first quarter of 2016. Among the 344 largest counties, 167 had over-the-year
decreases in average weekly wages. McLean, Illinois (part of the
Bloomington metro area), had the largest percentage wage decrease among the
largest U.S. counties (?13.3 percent).
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Business inventories rose 0.5%
YoY and Business Sales dropped 0.8%
- the 19th month in a row of sales decline and
inventry builds. Busines inventories to sales remain in recession
territory as the decline stalled in July...
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"the
fact that negative rates would be temporary and deployed only
during severely adverse economic conditions would
be an advantage. Like quantitative easing, which was also unpopular
in many quarters, a period of negative rates would
probably be tolerated by politicians if properly motivated and explained"
- Ben Bernanke
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Scores
of economic figures go screaming across our screens every day, many of them
contradicting yesterday’s figures, and perhaps half of them based upon lies. On top of that, we have dozens of economic
theorists arguing back and forth. In the end, it’s all too muddled for most of
us to make out. We each have our guesses, but none of them are terribly
certain. So, this week we’d like to point out the central economic facts of the
moment, five fundamental conditions that we
should all be clear on...
Fact #1: We have debt-burdened
money.
Dollars are created in tandem with T-bills, and T-bills
pay interest. So, creating
a dollar always creates an obligation to pay interest beyond
the dollar amount.
Fact #2: We have unpayable
debt.
Official US government debt is now about $20 trillion,
and forward promises are probably north of $200 trillion. This will never be
repaid under any typical scenario. And other countries are worse.
Fact #3: Stock and bond prices
are maintained by the central banks.
The Federal Reserve itself has bought many trillions of
dollars of stocks and bonds since 2008. This is being done to keep
the (critical) upper middle class happy and paying taxes.
Fact #4: Interest rates can’t
be allowed to rise.
What I’m addressing here is the interest on national
debts, but since they overwhelm the markets, more or less everything else would
be dragged along.
Fact #5: Pension funds are
based upon fantasies.
A large number of pension funds, believe it or not, are
basing their calculations on annual returns of 8%, a figure than no one gets on
a reliable basis these days. The “safe” investments pay about 2%, where they
must stay because of Fact #4 above.
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"There
is this sort of collective psychology that says that the Fed can keep
this going, that the Fed is in control. But, in fact, central banks are not
in control... Central bank balance sheets are twenty-trillion, the whole global
securities and derivatives market is a half-a-quadrillion. So, in fact, central
banks are miniscule compared to that. The only thing they have going for them is this collective psychology. It’s an illusion of control."
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- Global stocks struggle for footing after bond slip (Reuters)
- Mobileye says Tesla was 'pushing the envelope in terms of safety' (Reuters)
- Donald Trump is a problem for the whole world, EU's Schulz says (Reuters)
- Stuck on Ship, One Gloomy Hanjin Crew Waits to Learn Its Fate (WSJ)
- U.K. Approves EDF’s £18 Billion Hinkley Point Nuclear Project (BBG)
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POLITICS
"His whistleblowing was among the most important in US history. I
would publicly acknowledge his heroism, as Barack Obama should, without delay..."
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With Trump suddenly surging in the polls, the Democrats are panicking
as Hillary's lead in the RealClearPolitics average has shrunk to just 1 points.
However, as the latest set of polls shows, the Donald
is not the only thing Hillary's campaign has to worry about: a new threat has
emerged. Or rather two.
With Trump again surging
in the polls, including key battleground states like Ohio, and having
regained all the momentum from a suddenly slumping and vulnerable Hillary, the Democrats
are panicking as her lead in theRealClearPolitics average
has shrunk to just 1 points.
A new Quinnipiac University poll shows that is Clinton
suffering thanks to third-party nominees Gary Johnson and Jill Stein, whose
support has soared among millennial voters.
Nate Cohn : Once again, Quinnipiac suggests that Clinton falters in the
4-way because her big 21 point lead among 18-34 falls to just 5 points w
J/S
Indeed, and if America's Millennials have finally gotten disenchanted with Hillary, whether due to her conflicts of interest, her questionable honesty or even her health, then Trump's victory may be much closer than many expect. For now, however, Hillary has a big problem, and how she addresses it could mean the difference between victory and defeat on November 8.
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Despite
the polls, the outcome is utterly unpredictable. This was true even before Hillary Clinton's
recent health issue. The reality is that polling is
incapable of accurately predicting the outcome of elections like this one, where so many voters are angry,
resentful, emotional, negative, and frightened.
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The events
are all lined up, and the system is geared for chaos. At any moment, a
despotic leader could take control. But how could it ever happen in America?
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Clinton Foundation CEO openly admitted that there is "no
question" that Foundation donors received "courtesy
appointments" yesterday morning on MSNBC but then
seemed to retract those statements this morning on CNN...sounds like someone got in a little trouble
back at the office.
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ME & WORLD ISSUES
Glutter and Glutterer... Oil prices are extending their losses this
morning as disappointing
US economic growth indicators combined with expectations of a surge
in supply from Nigeria and Libya are
adding to fears about increasing overhang of oil stocks.
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Mission Accomplished?
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DEMOCRACY NOW
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[ Below: Trump “blamed” of practicing global-neoliberalism supported
by OB & Yellen ]
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GLOBAL RESEARCH
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Syria’s
“Good” and “Bad” Terrorists: Russia Accuses Al Qaeda Rebels (Supported by US)
of Violating Ceasefire By South Front
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US-EU-NATO
War Drive against Russia: European Council President Backs Demands for EU
Military Buildup By Alex Lantier,
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The
2008 Financial Meltdown: On This Day Eight Years Ago Lehman Filed For Chapter
11: There Have Been 672 Rate Cuts Since By Tyler Durden,
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INFORMATION CLEARING HOUSE
Lindsey Graham To Netanyahu Over Defense Deal
Tell Obama Administration ‘To Go F*** Themselves’ By Deborah Danan
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WHAT’S THE FBI HIDING? By Andrew P. Napolitano
[ A more accurate question is: Why FBI & deep-state are
afraid of Trump to come to power?]
In the Senate, the chairman of the Judiciary Committee accused the FBI
itself of law-breaking. Here is the back story.
Because the former Secretary of State Hillary Clinton failed
to safeguard state secrets during her time in office, many in Congress
have had a nagging feeling that FBI Director James
Comey announcement on July 5 “recommending that the Department of
Justice not seek charges against her” was a political,
not a legal, decision.
The publicly known evidence of Clinton’s recklessness and
willful failure to safeguard secrets was overwhelming. The evidence of
her lying under oath about whether she returned all her work-related emails
that she had taken from the State Department was profound and incontrovertible.
Yet the FBI chose to overlook the evidence of not only
espionage but also obstruction
of justice, tampering with evidence, perjury and
misleading Congress. .. Now the FBI,
which usually serves subpoenas and executes search warrants, is left with the alternative of complying with this unwanted
subpoena by producing its entire file or arguing to a federal judge why it
should not be compelled to do so.
In response to a
request from the Senate Judiciary Committee, the FBI
sent both classified and unclassified materials to the Senate safe room.
.. According to Sen. Chuck Grassley, chairman of the Senate Judiciary
Committee, the FBI violated federal law by commingling
classified and unclassified materials in the safe room, thereby making
it unlawful for senators to discuss publicly the unclassified material.
Imposing such a burden of silence on U.S. senators about
unclassified materials is unlawful and unconstitutional. What does the
FBI have to hide? Whence comes the authority of the FBI to bar senators from
commenting on unclassified materials?
Who cares about this?
EVERYONE who believes
that the government works for us should care because we
have a right to know what the government — here the FBI — has done in our names.
Sen. Grassley has opined that if he could reveal what he has seen in the FBI
unclassified records, it would be of profound interest
to American voters.
What is going on here?
The FBI investigation of Hillary Clinton has not served the
rule of law. THE RULE OF LAW — a pillar of American
constitutional freedom since the end of the Civil War — mandates that the laws are to be enforced equally. No one is beneath their
protection, and no one is above their requirements. To enforce the rule
of law, we have hired the FBI.
What do we do when the FBI rejects its basic
responsibilities?
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MY COMMENT regarding the question above:
[OBVIOUSLY .. DISMISS THE FELONS. This is why the FBI is afraid of
Trump to come to power..
TO READ IT OPEN: http://nd-hugoadan.blogspot.com/ :
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COUNTER PUNCH
Mike Whitney Assad’s
Death Warrant
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Peter Belmont The
New Mutually Assured Destruction
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RT SHOWS and SPUTNIK
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WikiLeaks’ Assange Offers to Serve Prison Time in Exchange for
Chelsea Manning Pardon https://sputniknews.com/us/20160915/1045352149/assange-exchange-chelsea-pardon.html
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US ‘Shocked and Angry’: Ohio Cops Kill 13-Year-Old Boy https://sputniknews.com/us/20160916/1045356260/ohio-police-kill-thirteen-year-old-boy.html
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US to 'Do Its Utmost' to Hinder Set-Up of Independent
European Army https://sputniknews.com/europe/20160915/1045330858/europe-independent-military-structure.html
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WASHINGTON BLOG
The mainstream media bet the farm
on Hillary Clinton, confident that their dismissal of every skeptical inquiry
as a “conspiracy” would guarantee her victory. It now appears they have lost
their bet. Let’s do something radical and be honest for a
moment: the mainstream media has smoothed the path to Hillary’s coronation in
countless often subtle ways.
Suggestions that the Clinton Foundation engaged in “pay to
play” during Hillary’s term as secretary of state are glossed over; yes,
it looks bad, the MSM reluctantly admits, they they hurry to add that no
impropriety can be proven in court.
The Democratic
National Committee’s corruption was downplayed, and the mainstream media’s
pathetic lack of inquiry was of a piece with old Soviet “news”: a scapegoat or two is cut out of
the leadership photo, and the DNC corruption machine moves on untouched.
This
Is How Much It ‘Costs’ To Get An Ambassadorship: Guccifer 2.0 Leaks DNC
‘Pay-To-Play’ Donor List
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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Palestina, Siria y nuestra ceguera Elías Khoury
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Evasión fiscal, un delito de ricos a
costa de los pobres..Jérôme Duval
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PRESS TV
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