NOV 17 16 SIT EC y POL
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Senator Bernie Sanders says he’s ready to work
with President-elect Donald Trump to crack down on corporate greed, but won’t
give an inch on bigotry. Democrats lost because they ignored the plight
of workers and must address that to recover, Sanders said. VIDEO: https://youtu.be/z9Qj08NaBAo
….
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ZERO HEDGE
ECONOMICS
Well, that was not supposed to happen...
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Janet Yellen Explains "The Economic Outlook" To Congress - Live Feed
Having
warned of "excessive risk-taking" in her earlier released prepared
remarks, Janet Yellen's relatively hawkish testimony before the Joint
Economic Committee (96% odds of Dec rate hike) will perhaps be most-watched for
the Q&A. With Jeb Hensarling wanting to reform The
Fed and "throw FSOC in the bin" and Trump allies demanding The Fed
reduce its balance sheet (notwithstanding questions over Fed
independence), we are sure to see some fireworks.
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Perceptions
may well change when the global illusions of solvency and "growth" collapse in a heap.
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"The
problem with sharply higher US bond yield is that this tightens financial
conditions. We have often seen rises in yield coincide with financial
market crises."
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After an
ugly October, November has seen two straight weeks of improvements in initial
jobless claims (plunging 11.6%, 31k - the most since Jan 2015 - to 235k). This
is the lowest initial jobless claims since Nov 1973... The US Economy fell into
recession the next month.
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There was an awful lot of
cheering about the recent retail sales report which showed an uptick of 0.8%
which beat the analyst’s estimates of 0.6%. However, if
we dig deeper behind the headlines more troubling trends emerge for the
consumer which begins to erode the narrative of the "economy is
doing great" and “there is no recession" in sight.
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- Top Trade #1: Long US$ vs GBP and EUR
- Top Trade #2: RMB weakening: Long $/CNY
- Top Trade #3: Long BRL, RUB, INR and ZAR, short KRW and SGD
- Top Trade #4: Long Brazil, India and Poland, FX un-hedged
- Top Trade #5: Long 10-year US$ and EUR inflation
- Top Trade #6: Long EURO STOXX 50 2018 dividends
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"... the Trump fiscal plan and the House
Republican fiscal plan are roughly $12 trillion apart over ten years, or a
difference equal to more than one-quarter of total federal outlays."
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Donald
Trump exclaimed that "we're going to get Apple to build their damn
computers and things in this country instead of in other countries," in
January, and now as Nikkei
reports, Key Apple assembler Hon Hai Precision Industry, also known as Foxconn
Technology Group, has been studying the possibility of moving iPhone production
to America.
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With nary a dovish word uttered, the end of
Janet Yellen’s testimony to Congress sparked a buying frenzy in USDJPY (and
implicitly S&P 500 futures) sending both to post-Trump highs. At the same
time, Dec rate hike odds shifted higher still sending the USD index to fresh
13.5 year highs…
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Janet Yellen signalled that the US central
bank is reluctant to delay its next increase in short-term interest rates
"for too long", warning that keeping rates on hold could spur excessive
risk-taking and adding that a rate hike could be appropriate "relatively
soon." Yellen is due to say on Thursday morning that as the Fed sees the case
for a rise in rates continuing to strengthen it "must remain forward
looking in setting monetary policy".
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Not only central bank
are pressing Yellen to raise interest rates, also JA, China, Saudis. Here JA
Global bond yields and the dollar both weakened after the Bank of Japan
offered to buy an unlimited amount of debt at fixed yields, stabilizing the
global bond rout, while investors awaited testimony
from Fed Chair Janet Yellen that will help shape the outlook for interest rates
ahead of a December rate hike that is now seen as near certain.
[[ If cost-benefit for the Nation are negative, just delay the
rise until pre-Christmas, then resign. Let Trump do the dirty work. All want to
know how he will handle it. Nobody will
blame you Yellen, you pleased and save the establishment as they wanted. If
they don’t want you anymore, get out soon. ] ]
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Over the
last two weeks the 30-year mortgage rate jumped by a whopping 40 basis points
to 3.94 percent, almost identical to the 39 basis point increase in the 10-year
Treasury yield, and sending the average 30 year mortgage to levels
last seen at the start of the year.
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Bankrupt? Do they want another fresh star with free money?
Wells Fargo account openings plunged in
October, following a sales scandal that shattered the bank's
"folksy" image, triggered federal and state
investigations and cost the bank's chief executive his job.
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Another similar fraud
scandal .. they are all guilty and want pardon &
money not from the loser Hillary but from Tramp. From failed cronyism &
nepotism to PATRONAGE, defined as protection of convicted firms. These companies –like her sponsor Hillary-
should be convicted and no one single penny to rescue them. The recapture of
the State failed and there is no point in reviving cronyism, nepotism and
patronage. People voted from Tramp against this corruption. If he support them,
he will be in trouble.
Another day, another round of selling of
Valeant stock, which tumbled at the open on a report that the US has announced
criminal charges in connection to a Valeant probe and that the ex-CEO of
Valeant's "secret pharmacy" Philidor, Andy Davenport as well as
another executive, Greg Tanner, have been arrested "for engaging in a
multi-million dollar fraud and kickback scheme."
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Philly Fed missed expectations, dropping modestly from 9.7 to 7.6 in
November. The number of employees has now contracted for 10 straight months and
while new orders were marginally higher, the outlook for business tumbled to 9-month lows,
which combined with the highest prices
paid since July 2014 flashes a loud stagflationary warning that all is
not well.
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Prices of many consumer goods went up more 10% while salaries
remain stagnated in 2016
Consumer Prices have now risen at a pace faster
than the Fed's mandated 2% YoY for 12 straight months. While Core CPI printed
slightly lower than expected, energy
(up 3.5% MoM) dominated overall cost of living increasesand
Housing/Shelter rose (with rent up 3.8%
YoY).
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POLITICS
Trump’s
legacy as president is a blank slate, it could go either way. If he
wants to keep his current base of support and prove his skeptics wrong, he
would be wise to pardon Edward Snowden, and dish out the first real blow to the
establishment during his first days in office.
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Obama’s
policies in the Middle East – and to a large extent, Clinton’s policies – have
made the world less safe, and thus it should be no surprise that under Obama’s
rule, hate crimes against Muslims were skyrocketing well before Trump was
elected. To that end, Trump has become a convenient scapegoat for the problems
Obama and Clinton exacerbated while in office. Realistically, Trump is a manifestation of the
problem, but not the root of the problem itself.
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“This will be THE gathering for Democratic donors from across the
country to hear from a broad and diverse group of leaders about the next steps
for progressives under a Trump Administration,” David
Brock wrote in an email to Clinton's billionaire donors. “What better way to spend inaugural weekend
than talking about how to kick Donald Trump’s ass?”
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"Observing Trump primarily through the largely media/Democratic Party lens
of extreme bigotry is not only wrong, it is very dangerous... let’s
take a break from saying “Trump is literally Hitler” and recognize the
following... the incoming
Congress will be the most racially diverse in history..."
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Avoid the presstitute
Having
trouble makes sense of what news is real and what news is fake. Worry no more, The
Duran has compiled a list of news
sources you should avoid at all costs...
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Another 500 workers, or 5% of the total staff, dismissed by AOL. CEO
Tim Armstrong said that “based on our strategy and
the changes we see in the industry, we are reshaping parts of the company
today... The company ... will be aligned to drive a talent and
operations plan in line with profitability."
[ In systems view, if the core-center of a Company don’t work,
is the CEO who should be dismissed.]
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Having warned of "excessive risk-taking" in
her earlier released prepared remarks, Janet Yellen's relatively
hawkish testimony before the Joint Economic Committee (96% odds of Dec rate
hike) will perhaps be most-watched for the Q&A.
With Jeb Hensarling wanting to reform
The Fed and "throw FSOC in the bin" and Trump allies demanding
The Fed reduce its balance sheet (notwithstanding questions over Fed independence), we are sure to see some fireworks.
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In yet another slap in the face of the
Democratic party, The
Hill reports that Sen. Bernie Sanders (I-Vt.) won’t officially join the Democratic Party
even though he was appointed to a leadership position within the Senate
Democratic caucus this week.
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James Clapper, the Director of National Intelligence and the nation’s top intelligence official, who role was cast in
the spotlight in the aftermath of the Snowden NSA revelations, submitted
his letter of resignation on Wednesday evening, ensuring that President-elect
Donald Trump will have the option to build his own network of intel leaders.
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Do you think Trump is more stupid than you? “Regime change” is over, failed, no
recomendable
Obama urged Donald Trump to stand up for
American values in his dealings with Russia and avoid taking a more practical,
realpolitik approach. "My hope is the president-elect will... stand up to
Russia where they are deviating from our values and international norms."
His statement came at the same time as Russia launched its first attack on
Syrian targets involving warplanes from Russian and Syrian bases, as well
as the Russian aircraft carrier.
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WORLD ISSUES and ME
Global recession
cannot be contained
DryShips was released from halt some 10 minutes
ago, at which point it proceeded to plunge, triggering another trading halt,
when it crashed by nearly 40%, as the retail momentum chasers who had
"climbed aboard" this particular one-week wonder, all decided they
have had enough of the ride.
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RELATED: French
PM: "Europe Is In Danger Of Falling Apart" "So Germany and France have a huge
responsibility."
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DEMOCRACY NOW
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Sanders
& Clinton Supporters Debate the Path Forward for the Democratic Party Under
Trump Presidency [ Bernie, if you are
real socialist get out of the Dems party. Call them to join a 3rd
option]
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GLOBAL RESEARCH
Washington
Accuses Russians of Bombing Five Hospitals in Syria. State Department Refuses
to Provide Evidence By RT News
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U.S.
Imposes New Fine for Trading with Cuba
[ Stop the blockage on Cuba ! ] By Cuba vs Bloqueo
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20 Comercial Banks liked to ex-PM crook politicians
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COUNTER PUNCH
Laura Carlsen Crossing
the Line: an Act of Courage in Defense of Life
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Russell Mokhiber Maryland’s
Fracking Ban Goes Up Against Corporate Democrats
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Vijay Prashad Trump
Should Name Bernie Sanders Commerce Secretary
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SPUTNIK and RT SHOWS
Expedition 50 Launches From Russia’s Baikonur Cosmodrome en
Route to ISS
https://sputniknews.com/europe/201611171047562413-expedition-launches-from-russian-cosmodrome/ ISS: International Space Station
https://sputniknews.com/europe/201611171047562413-expedition-launches-from-russian-cosmodrome/ ISS: International Space Station
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Innovation and Amazement: Cool Science on the International
Space Station
https://sputniknews.com/science/201608311044822115-space-iss-nasa-science/
https://sputniknews.com/science/201608311044822115-space-iss-nasa-science/
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Daesh Remains Active in 35 Countries - Think Tank
https://sputniknews.com/world/201611181047564331-daesh-active-many-countries/
https://sputniknews.com/world/201611181047564331-daesh-active-many-countries/
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Lavrov, Kerry Holding Bilateral Meeting on APEC Sidelines,
Syria in Focus
https://sputniknews.com/politics/201611181047564485-lavrov-kerry-hold-talks/
https://sputniknews.com/politics/201611181047564485-lavrov-kerry-hold-talks/
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Trump Planning 'Victory Tour' With Stops in US Swing States
https://sputniknews.com/us/201611181047564155-trump-planning-victory-tour/
https://sputniknews.com/us/201611181047564155-trump-planning-victory-tour/
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RT SHOWS
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WASHINGTON BLOG
Posted on November 17, 2016 by Brandon
Turbeville
This article comes shortly after an announcement by Google
that it would be prohibiting “fake” and “misrepresentative” sites from using
its “Adsense” program. The company stated to Reuters that,
“Moving forward, we will restrict ad serving on pages that
misrepresent, misstate, or conceal information about the publisher, the
publisher’s content, or the primary purpose of the web property. This
policy includes fake news sites, the spokesperson confirmed. Google already
prevents its AdSense program from being used by sites that promote violent
videos and imagery, pornography, and hate speech.
And, of course, the definition of the Orwellian-named “hate
speech,” violence, misrepresentation and “fake news” is all going to be
determined by Facebook and Google. War, for instance, is extremely
violent but there is a necessity to cover it and even produce images from the
battlefield in the process. Police shootings and other forms of violence against
citizens is also violent but a necessary issue to cover. “Hate speech” is
incredibly subjective and, in 2016, speech has come to be labeled as “hate”
even when it merely respectfully disagreed with a protected identity group.
⇒ Keep Reading
⇒ Keep Reading
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Posted on November 17, 2016 by DavidSwanson
This $11.6 billion would be added to another $73.7 billion in
off-the-books war spending already appropriated. That’s military
spending outside the gargantuan military budget and supposedly for emergency
wars that just shockingly arose, although actually for a half-dozen permawars
plus basic profiteering and preparation for future slaughters.
While nothing would prevent this new money from being used
for any war that the current or next president desires, it is requested in
large part for the wars in Afghanistan and Syria/Iraq. That includes
supplying other militaries such as the Iraqi, Afghan, and Kurdish armed forces
with free gifts of instruments of mass murder, as well as expanding U.S.
military facilities in Somalia, Mauritania, Chad, Turkey, and elsewhere.
⇒ Keep Reading
⇒ Keep Reading
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Posted on November 17, 2016 by Charles Hugh Smith
The list of pundits jostling for
air time to add their two cents to discussions of hot-button issues such as
immigration is endless. The airwaves and social media are
overflowing with people wanting to comment on hot-button social issues, but
when it comes to the one truly critical dynamic that will shape the
future–everyone’s strangely silent.
The reason nobody dares address
this problem is that it has no solution within the current mode of production,
i.e. the status quo. The problem is an
oversupply of labor.
One of the key takeaways from historian Peter Turchin’s new
book Ages of Discord is that real wages stagnate or decline in periods of labor oversupply
and rise in periods of labor shortages.
This is common sense: the price/value of everything is
ultimately set by the dynamics of supply and demand: the price/value of
anything that is overly abundant drops. Or put another way: if
demand is outstripped by supply, prices decline as long as there is surplus
supply.
If supply continues to exceed
demand by a wide margin, price can drop to near-zero. Consider the
cost of telephony bandwidth. With the advent of fiber optics, the quantity of
bandwidth available globally for telephony far exceeded demand, and the cost of
bandwidth fell to pennies.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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Acuerdo de París No hay marcha atrás, ahora es imprescindible
accionar el Acuerdo
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Elecciones en Nicaragua: una
reflexión Marcelo
Colussi
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Descargar síntesis de coyuntura. Centro
de Estudios Económicos y Sociales (CESO)
http://www.alainet.org/es/articulo/181746
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Lo peor si es Hillary: Infórmate Leo. El pueblo trabajador
lo dijo y claro. No dejo para ella ni Ejecutivo, ni Senado, ni la casa. Así de
claro. Lo positivo del cambio: se aplasto un sector del sistema oligárquico y
se afirmó el pacifismo, el no a la guerra con Rusia. El “deep state” manda aun
(la asociación oligárquica mas cavernaria, criminal y guerrerista). Si Trump no desmonta ese aparato -el otro sector oligárquico
que apoyo a Hillary- lo desmontan a él o lo matan, por la misma razón por la
que mataron a Kennedy (expansión imperial). Entonces si hay guerra con Rusia. Es
posible que Trump venda su alma al diablo para salvar su vida. Entonces habrá traición
y guerra con RU y jamás podrá gobernar en forma democrática. Asi de simple y
tenebroso el panorama que enfrentamos aquí en los Estados Unidos. Si lo matan o
se vende, muchos latinos huiremos de aquí Veremos qué pasa hasta las dos primeras
semanas de enero. Estamos en alerta y con la maleta lista.
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PRESS TV
[[ Romney was defeated in
previous election because tax evasion: his money was deposited in Israel, the
new fiscal paradise for tax evaders & money laundry.
Romney connection to AIPAC -the Zionist org in America that protect all pro-war
of Israel in the Middle East- was uncovered. It seems the Zionist tactic is the
get inside the Govt of Tramp to derail the pacifist policy he announced. Will
they eat the turkey before Thanksgiving?. Perhaps, because Tramps seems to be naïve in
this “transition business.” ]]
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‘Democrats
want to ditch Electoral
College. They tried to use it against Trump, but failed
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House bars commercial aircraft sales to Iran
The sinister hand of Zionist
pro-war puppets
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EU
states approve visa waiver for Ukrainians
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Does she declare
herself in house arrest? That won’t enough to purge her crimes
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