SET 27 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
It's probably nothing...
But
hey, Hillary 'reportedly' won the debate so buy stocks?
….
Crude
back at where it started last week before the API inventory surge (which hits
again tonight)
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In the week since the last API
report, oil has ripped and dipped back to unchanged following an unexpected
draw and Algiers disappointment, but prices jumped
higher (tagging $45.00) as API noted a 752k draw (4th week in a row). This
was dramatially below the 3mm build expected. Cushing,
Gasoline, an Distillates all saw inventory draws (the latter's first draw in 7
weeks).
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Hardest
hit were those marginal workers struggling to grab the lower rungs of the
ladder. All of a sudden, the
rungs were coated in the Fed’s grease. Between 1947 and
1970, this group – the bottom fifth of the U.S.
population – enjoyed a 3% annual growth in real disposable income. As the EZ money regime of the 21st century
worked its mischief, these annual increases disappeared.
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Welcome to the “sandwich generation” when more individuals will be
“sandwiched” between supporting both parents and children in the same household.
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In addition to higher reimbursements, consumers
are paying more out of their own pockets. A shift to high-deductible
health insurance plans in recent years means that consumers are contributing
more to the cost of health care. In August, medical care services prices in the South surged by 1.2% NSA, the biggest
increase in any August since at least 1990.
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POLITICS
"Fuck
all these skewed polls. The debate didn't matter, and it didn't change anyone's
mind..Trump should have been hammering the Clintons (that's right,
Hillary and Bill) on putting Wall Street in change of America's economy, but he
spent far too much time defending himself...Trump needs
to paint the Clintons as the tag team that gave the country away to the
banksters, and forced 76% of Americans into living a paycheck to paycheck
lives..."
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“If liberty means anything at all, it means
the right to tell people what they do
not want to hear.”
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Most of the 90 minutes last night was a waste - with both candidates lobbing
well-worn clichés, slogans and sound bites at the audience and each other. But there was one brief moment that
made it all worthwhile: "We Are In A Big Fat Ugly Bubble"
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ME & WORLD ISSUES
According to the latest WTO forecast, global
trade is set to grow at the slowest pace since the financial crisis: the
WTO now expects world trade will again grow more slowly than expected in 2016,
expanding by just 1.7%, well below the April forecast of 2.8%. This means that 2016
will be the first time in 15 years that the ratio between trade growth and
world GDP has fallen below 1:1.
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DEMOCRACY NOW
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GLOBAL RESEARCH
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US-Russia
Diplomacy in Crisis: “Something Very Serious Transpired” Over Syria, “Behind
the Scenes” By Sputnik,
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THE REAL NEWS NETWORK
Glen Ford and Jeff
Cohen agree that the exclusion of third parties left the
"non-partisan" debate with candidates who have "very little
light between them," but disagree about strategic voting and the danger of
Trump's neo-fascism
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Hundreds protested
the exclusion of alternative ideas and candidates from the first presidential
debate
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Despite Trump being
wrong on the Iran deal, the US congress is more likely to derail it than his
potential presidency, says Col. Larry Wilkerson
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Failure to comply
with police can result in a death sentence for Black Americans, says Glen Ford
of the Black Agenda Report
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COUNTER PUNCH
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Jeffrey St. Clair Idiot
Winds at Hofstra: Notes on the Not-So-Great Debate
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Mark Harris Clinton,
Trump, and the Death of Idealism
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James Russell Beyond
Debate: Interview Styles of the Rich and Famous
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SPUTNIK and RT SHOWS
East Libya's General Asks Russia for Weapons, Military
Support Against Daesh https://sputniknews.com/world/20160928/1045772910/libya-russia-military-support.html
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Independent Catalonia Would Recognize Crimea as Russian https://sputniknews.com/world/20160928/1045773918/catalonia-recognize-crimea-russian.html
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Maduro 'Wants Better Relations With Obama' and Next US
President https://sputniknews.com/politics/20160928/1045774271/maduro-obama-venezuela-us.html
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US Sanctions on Chinese Firm Unlikely to Strain Ties With
Beijing https://sputniknews.com/world/20160928/1045771162/us-sanctions-china.html
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RT SHOWS
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WASHINGTON BLOG
Posted on September 27, 2016 by Charles
Hugh Smith
Donald Trump has made trade
agreements a central issue in this presidential election, declaring trade treaties such as the
North American Free Trade Agreement (NAFTA) as unfair and subject to
cancellation or renegotiation.
Setting aside the
issue of whether presidents can cancel trade treaties via executive orders,
let’s look at the underlying issue: the erosion of manufacturing and entry-level job opportunities that lead
to middle-class security and pay.
The question then becomes: what
are the causes of this erosion of manufacturing and the middle class? Trade is
relatively easy to finger because the flood of cheap goods into the U.S.
coincided with the wholesale offshoring of manufacturing capacity.
But it isn’t quite that simple. “Free”
Trade, Jobs and Income Inequality: It’s Not As Easy As We Might Think
(March 22, 2016)
There are many other issues in
play, including:
1. Currency manipulation, i.e. pegging one’s currency (such
as the Chinese RMB) to the US dollar to maintain a predictable cost advantage.
2. Technology, as automation reduces the inputs of human
labor per output even in nations with few
trade treaties.
3. Global wage arbitrage, as domestic corporations move
production overseas to lower labor costs (exacerbated by insanely high
costs of healthcare insurance for employees in the U.S.)
4. High tax rates on domestic corporations (35%) push
companies overseas to lower tax nations.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
Venezuela: ¿Guerra económica o errores del
Gobierno?
Marta Harnecker
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Obama, actor obsesivo compulsivo, en la ONU Ramón
Pedregal
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Nace en México el primer bebé del mundo
con 'tres padres' Listen Margui!
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PRESS TV
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