NOV 21 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
In the words of the great philosopher Buzz
Lightyear, "to infinity
and beyond." Oil's incessant liftathon - on hopes
that a production freeze at record highs will seriously impact a record
seasonal glut - appears to have sparked more panic-buying in stocks overnight
as no news whatsoever has the machines incessantly bidding futures, pushing Dow
futures over 19,000 and S&P futures over 2,200. Bonds are flat, USDJPY is flat, and offshore yuan is modestly weaker once again.
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"Things
have not suddenly become awesome over the course of the past week... It is very easy
to be sucked into the gushingly positive narratives and often unsupported
narratives put forth by the financial media. This is particularly true when the
move in asset prices can make minutes seem like days and hours seem like
months. Excessive market valuations,
weak internal measures, and a deteriorating backdrop has historically been a
“wicked brew” for investor outcomes."
Let me repeat:
“While the punditry continues
to push a narrative that ‘stocks are the only game in town,’ this will likely
turn out to be poor advice. But such is the nature of a media driven analysis
with a lack of historical experience or perspective.
From many
perspectives, the real risk of the heavy equity exposure in portfolios is
outweighed by the potential for further reward. The realization of ‘risk,’ when it occurs, will
lead to a rapid unwinding of the markets pushing volatility higher and bond
yields lower.”
See more charts at: http://www.zerohedge.com/news/2016-11-21/everything-not-awesome-dont-be-turkey
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More
than one out of five developed market stocks )and more than two out of five emerging market
stocks) are in a bear market
(down over 20% from a high) in the past 200 days.
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In what may be an early crisis test for the
president-elect, on November 29, the nationwide campaign to increase the
federal minimum wage in the United States has calling for a "Day of
Disruption", namely strikes and civil disobedience, on November 29 in the
latest push to raise the minimum wage in the US to $15.
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Trump vowed on election night that "the forgotten men and women of our
country will be forgotten no longer"...but is it possible to
reverse the growing wealth gap in the United States?
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POLITICS
What a difference a week makes. The day before
the election, Economist/YouGov polls showed 39% Favorable and 60% unfavorable
towards Donald Trump (as it was oh-so-obvious that Hillary was about to break
that glass ceiling). 9 days later, The
Hill reports, Donald Trump's popularity has surged.
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Seventy
year old Donald Trump has assumed the Grey Champion flagstaff. In an increasingly chaotic world,
normal working class Americans in flyover country were seeking a leader who
could bring order, defeat the corrupt establishment, make tough decisions, and
capture the zeitgeist of this moment in history. The ruling elite oligarchs and
their fawning minions are infuriated the peasants have dared to resist. In their
secretive secure spaces, the elites are plotting with one purpose in mind –
this uprising must be quelled.
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There’s
the garden variety fake news that is not really “news” so much as it is
titillating, tabloid-worthy material peddled by anyone with a Twitter account,
a Facebook page and an active imagination. Anyone with an ounce of sense and access to the Internet
should be able to ferret out the truth and lies in these stories with some
basic research. Then there’s the more
devious kind of news stories circulated by one of the biggest
propagators of fake news: the U.S.
government.
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WORLD ISSUES and ME
Just a month
after dodging a default bullet thanks to a
last-minute bond swap, Venezuela's state-owned oil company PDVSA missed coupon payments due
on its bonds, according to JPMorgan. However,
PDVSA president Del Pino raged on Twitter that "the information about a PDVSA default spread by
the enemies of the fatherland is totally false," but the
bonds saw prices tumble despite his statement.
DEMOCRACY NOW
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GLOBAL RESEARCH
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“Fake
News” on Syria, Iraq, Palestine, Ukraine, Yemen: Support Global Research’s
Battle against Media Disinformation By Global Research,
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“Secret
Talks” between Israel, Jordan and Syria Regarding “The Stabilization of
Borders”? By Global Research
News,
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Syria
Rejects Eastern Aleppo “Autonomy” Run by US-Supported “Moderate” Terrorists By Stephen Lendman
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INFORMATION CLEARING HOUSE
Economist Michael Hudson explains who is benefiting from
economic policy and where wealth is going.
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If we speak to the pain and suffering of the working poor,
we will unmask the toxins of bigotry and racism
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NATO or not NATO - The Question for Donald
Trump By Annie Machon
American “exceptionalism” and NATO interventionism have not
exactly benefited much of the world since the end of the Cold War.
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The Terrorism
Targeting Our Grandchildren By
Paul Buchheit
Four decades of American narcissism and greed have allowed
the super-rich to dictate the future path of our nation
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COUNTER PUNCH
Melvin Goodman Trump’s
Inner Circle: Here Come the Troglodytes
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Dave Lindorff Obama’s Last
Big Con
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Patrick Cockburn Trump’s
Team Will Start New Wars in the Middle East
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SPUTNIK and RT SHOWS
Trump to Issue Executive Order on Day One of Presidency to
Withdraw US From TPP
https://sputniknews.com/politics/201611221047690451-trump-executive-order-tpp/
https://sputniknews.com/politics/201611221047690451-trump-executive-order-tpp/
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Trump Denounces Racism of Any Kind, Vows to Lead All
Americans
https://sputniknews.com/us/201611221047693848-trump-denounces-racism/
https://sputniknews.com/us/201611221047693848-trump-denounces-racism/
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US Justice Department to Help Local Authorities to Stop
Police Killings
https://sputniknews.com/us/201611221047693749-justice-department-stop-police-killing/
https://sputniknews.com/us/201611221047693749-justice-department-stop-police-killing/
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Peruvian Woman Tries to Give President Putin an Unusual Gift
During APEC Summit
https://sputniknews.com/art_living/201611201047646780-peruvian-woman-putin/
https://sputniknews.com/art_living/201611201047646780-peruvian-woman-putin/
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Russian Servicemen Kidnapped in Crimea by Ukrainian
Operatives
https://sputniknews.com/russia/201611211047686492-ukranian-operatives-abduct-russian-service-members/
https://sputniknews.com/russia/201611211047686492-ukranian-operatives-abduct-russian-service-members/
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RT SHOWS
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WASHINGTON BLOG
Historian Michael Grant
identified profound political disunity in the ruling elite as a key
cause of the dissolution of the Roman Empire. Grant described this
dynamic in his excellent account The Fall of the Roman
Empire.
The chapter titles of the book illuminate the complex causes
of profound political disunity in the ruling elite:
The Gulfs Between the Classes: a.k.a. soaring income/wealth inequality: check.
The Credibility Gap: The Mainstream
Media lauds itself and a self-serving, failing elite: check.
The Partnerships That Failed: the SillyCon
Valley tech titans were supposed to “save” the neoliberal elite by managing
social media the way the MSM managed broadcast propaganda/”news”: check.
The Groups That Opted Out: nobody
“important” noticed those who opted out of the neoliberal Kool-Aid: check.
The Undermining of Effort: if I don’t
get my way, I’ll block yours. There is no common ground left.
Is there any doubt about the profound
political disunity in America’s ruling elite? I have addressed this many times over the past seven
years, most recently a year ago in Profound
Political Disunity Is Now Pitting Rising Elites Against Fading Elites (November
24, 2015).
Historian Peter Turchin explores
the dynamic of social disintegration in his new book Ages of Discord. The cycle of
social disintegration and integration is essentially universal to complex
societies–a reality I recently discussed in Ungovernable
Nation, Ungovernable Economy (October 11, 2016)
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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Los Trump-economics a prueba Michael
Roberts
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Colores?
Solo tiene uno: el verde de la USD que paga Soros a los necesitados:
mercenarios lumpen
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Israel
se quedaría sin población masculina, los rabis no cuentan
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PRESS TV
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Partition is what the losers want it. OB-Hillary has been
defeated; no
point on discussing partition, but on reconstruction
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