NOV 22 16
SIT EC y POL
ZERO HEDGE
ECONOMICS
NEOLIBERAL economics at Global
scale:
In 2016,
3.5 billion adults, or 73% of total, had wealth under $10,000 accounting for
2.4% of global wealth. In contrast, the 33 million millionaires comprise 0.7% of
the adult population, but own 46% of household wealth. And the, at the very
top, 50,800 are worth at least $100 million, and 5,200 have assets above $500
million.
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If
everything is so awesome, with a growth/inflation miracle just around the
corner, then why is the US treasury yield curve collapsing in a
dismal-growth-outlook-implying manner?
….
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As
we noted previously, each time the bond market has crashed in the last few
decades, a financial crisis has quickly followed. However, perhaps more
perscient in the current exuberant 'buy the f**king all time highs' regime in
US stocks, is the decoupling we have seen with global stocks. Since the taper-tantrum in 2013, we have seen four
'meltdowns' in global bonds... and guess what happened next?
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The last time all the major
indices closed at record highs on the same day (apart from yesterday)...
To see all graphs open:
http://www.zerohedge.com/news/2016-11-22/dow-tops-19k-small-caps-panic-squeeze-longest-winning-streak-20-years
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After a day of frenetic OPEC headlines being
all that matters, oil traders may briefly focus on fundamentals as API reports
an unexpectedly large build in gasoline
inventories ( +2.68mm vs 900k exp). Overall crude, cushing, and
distillates saw inventory draws which left wti slightly lower post-data.
….
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This is just becoming farce now...
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Visualizing the extreme plight of the saver...
Few visuals drive this injustice home better than this
one of historical bank CD interest rates. Note how they've been in steady
collapse since the mid-1980s: Image location at: https://s3.amazonaws.com/cm-us-standard/images/cd-interest-rate2016.jpg or better:
The punchline: if you're a saver,
if you've worked hard to amass financial wealth to retire on, you've gotten
screwed.
And not only has your savings income drastically
plummeted over the past few decades, but cost of living expenses over that same
time period have skyrocketed -- especially for the essentials like food,
medical care, education and housing:
For the increasing few who can
still manage to put excess dollars away after expenses, the paltry savings
rates offered by safer investments like CDs force them to chase yield in order
to get a return (any kind of return!) on their money. And, of course, this
reach for yield moves savers further out on the risk curve, into the
bubblicious asset classes (notably stocks, bonds and real estate) that the
Fed's 0% interest rate policies have blown to nosebleed prices.
And just as
important: remember that money is just
one of the 8 Forms of Capital required to
build a resilient life. Be sure to invest as much time and
attention to the remaining seven forms. They're just as important to your
future prosperity and happiness, and are much less susceptible to manipulation
by the ruling elites.
….
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The fact
that stocks are at record highs as the “dollar” disrupts still another time is
as regular as the seasons. Stocks are fueled by hope which takes time for the “dollar”
to disprove through first its own systems and then full economy; as it has time and again.
It is an apparent contradiction to where we can describe
a desperate money supply situation yet stock prices, in particular, are at
all-time highs or at least outwardly unconcerned about all of it. This isn’t anything new, however, as noted
last week where we may be witnessing the third or fourth iteration of the
same repeating cycle. It was, after all,
the S&P 500 registering a brand-new high in October 2007 more than two
months after liquidity (“dollar”) problems were discovered to be
widespread and systemic.
The way that “inefficiency” propagates throughout the
“dollar” system is also complex and takes time to figure. In mid-2013, that “massive
dollar warning” as I called it at the time took a full year to become the
“rising dollar” even though it had in between crept up and into various market
problems including interest rate swaps and especially overseas currencies. CNY,
for example, turned lower in January 2014 which was an especially significant
development especially as to how far this disruption might have by then
progressed. It was just written off as China being China, entirely unrelated to
US circumstances. Even the shocking
dropoff in growth was totally set aside as something completely related to snow
and cold.
To see all the graphs open
http://www.zerohedge.com/news/2016-11-22/havent-we-done
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The past many months have carried a lot of
noise about the coming crash, about a
tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the
illusion forever. Now that Donald Trump will be calling the shots, the money powers can usher in collapse if they wish, and have ready their scapegoat.
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CHINA GOT nothing from trump they planned their economy since
Shanghai Pact, a decade ago
Overnight China got a present when Trump
announced that the TPP is dead. That's all Beijing needed to hear and this
morning China said it hoped to conclude an Asia-wide trade pact as soon as
possible, in "a sign of Beijing’s intent to broaden its regional
influence amid the apparent collapse of the U.S.-backed Trans-Pacific Partnership." What is surprising is how fast most Asian nations are
willing to embrace their new "free-trade" overlord.
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The
holiday season is officially upon us, which means Americans will soon be
feeling extra charitable. However,
while random acts of kindness and helping those in need are as intertwined with
the holiday season as colorful lights and gift giving, the government has chimed in to remind us that
charitable efforts must be first be approved by the state.
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POLITICS
Politics is the art of the
symbolic gesture. The
successful symbolic gesture gains gravitas by crystallizing a narrative that
attracts a consensus that then powers policies of substance. The politics-as-usual gesture is
empty of substance, serving only to mask collusion and failure.
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What just one week
ago seemed ludicrous - Trump picking his former arch nemesis Mitt Romney as
Secretary of State - now appears imminent. According to a WSJ
report, the President-elect is leaning toward asking former Massachusetts
Gov. Mitt Romney to be his secretary of state.
WORLD ISSUES and ME
...the
payments were "in effect, sent to Citibank and then JPMorgan comes out
with that totally false information this afternoon." Del Pino raged
that Citibank deliberately delayed payments from PDVSA as part of a “campaign
of terror” against the company and Venezuelan President Maduro is looking
into legal action against JPMorgan over their report.
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For the 16th
month in a row (longer than the 14 month stretch during the financial
crisis), Swiss Watch exports have collapsed year-over-year. As Bloomberg
reports, the 16.4% plunge in October is the biggest
monthly drop in seven years, as demand weakened in almost every major market
for Rolex and Omega timepieces.
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"2016 has been a landmark year as we seem to have reached a
point where the faster the plates are
spun the more the unintended short-term consequences... the global
financial system remains broken and extremely fragile. Secular
stagnation trends are everywhere. The
world has too big a debt burden for the current growth environment.."
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DEMOCRACY NOW
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GLOBAL RESEARCH
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Every aspect of this
year’s US Presidential election has been fraught with myths, distortions,
fabrications, wishful thinking and invented fears. The mass media, parties and
candidates emphasized the ‘unprecedented voter turnout’ in the elections. Check new data on voters abstained.
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INFORMATION CLEARING HOUSE
TRUMP vs TRUMP = LAW
vs NOT-LAW in America: The Empire of impunity
In other words: Clans Clinton-Bush has the right to mess up
Peace & Order
Is this what the NATION voted for? .. No way, those are signs
of bad start..
We hope Trump correct it soon, and implement the policies he
promised.
Trump Won’t Pursue Case Against Clinton
or her foundation. Video
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Revenue the Clintons
brought in from speeches fell to $357,500 from $3.6 million in 2014.
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COUNTER PUNCH
Marwen Bouassida Does
Clinton’s Defeat Mean the Decline of US Interventionism?
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Bernard Marszalek Trump:
a Vote to be Decried or a Revolt to be Extended?
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Eric Draitser Election
Data Screams Fraud
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L. Michael Hager A Time for
Vigilance
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Electoral College is part of a rigged SYSTEM.. it don’t
accept piecemeal changes
John Laforge How
to Scrap the Electoral College
….
Tony Wolk The
Electoral College Revisited
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Exclusive in New Print Issue of CounterPunch Trump and The Failure
of Identity Politics
CounterPunch Digital
Magazine Volume 23 no 6 – PDF
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SPUTNIK and RT SHOWS
Report: Daesh Has Used Chemical Weapons Dozens of Times in
Past 2 Years
https://sputniknews.com/middleeast/201611231047730950-daesh-chemical-weapons-report/
https://sputniknews.com/middleeast/201611231047730950-daesh-chemical-weapons-report/
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Moderate Groups in Syria Using Chemical Weapons Provided by
Foreign States
https://sputniknews.com/middleeast/201611171047551483-syria-chemical-weapons/
https://sputniknews.com/middleeast/201611171047551483-syria-chemical-weapons/
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State Dept. Unable to Confirm Veracity of Report on Daesh
Using Chemical Weapons
https://sputniknews.com/us/201611221047730163-state-dept-unable-daesh-chemicals/
https://sputniknews.com/us/201611221047730163-state-dept-unable-daesh-chemicals/
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White Lives Matter Crashes Black History Ceremony in Texas,
Chaos Erupts (VIDEO)
https://sputniknews.com/us/201611221047729466-white-lives-matter-protest-austin/
https://sputniknews.com/us/201611221047729466-white-lives-matter-protest-austin/
VIDEO URL https://youtu.be/07IXDXs4A4Y
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Armed ‘White Lives Matter’ Group Protests at Houston NAACP
Office
https://sputniknews.com/us/201608231044535707-armed-white-lives-matter-protest-naacp/
https://sputniknews.com/us/201608231044535707-armed-white-lives-matter-protest-naacp/
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Arizona Students Walk Out in Protest Over Black Lives Matter
T-Shirt Censorship
https://sputniknews.com/us/201608311044797285-arizona-students-protest-blm-shirt/
https://sputniknews.com/us/201608311044797285-arizona-students-protest-blm-shirt/
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Majority of US Citizens Believe Racism Against Black People
Widespread https://sputniknews.com/us/201608171044353707-majority-us-citizens-blieve-racism-against-blacks-widespread/
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Washington, Beijing Should Jointly Build Global Digital
Economy - US Official
https://sputniknews.com/business/201611231047731415-us-china-global-digital-economy/
https://sputniknews.com/business/201611231047731415-us-china-global-digital-economy/
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RT SHOWS
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WASHINGTON BLOG
1-minute
video: Trump starts ‘fake news’ by refusing executive enforcement of Clinton
felonies to operate So, Trump won’t pursue investigation on
Hillary Clinton
VIDEO URL: https://youtu.be/qNtThvs7GFs
A US President’s
sworn duty is to enforce US federal law. US President-elect Trump, acting upon apparent ongoing threat to his life,
initiated his status as Puppet in Chief and Teleprompter Reader rather
than US President in Orwellian rejection to uphold the law against
Hillary Clinton’s operation of secret rogue State Department as Secretary from
2009 to 2013 connected to looting ~$2 billion in “donations”
to the Clinton Foundation in exchange for US government tax-paid contracts.
This includes rejection to prosecute Clinton and the
DNC for stealing the primary election from Bernie Sanders.
It is “fake news” to call Trump’s action anything other than the
Orwellian opposite of law enforcement, and prima facie evidence that
Trump cannot “make America great again” when he refuses to uphold law directly
connected to annual killing of millions, harming of billions, and looting of
trillions.
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NOTICIAS IN SPANISH
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La amenaza del fracking en la
Argentina y América Latina Felipe Gutiérrez
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Presidenta de Madres de Plaza de
Mayo es amenazada de muerte Stella Calloni
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PRESS TV
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Syria forms
anti-terror unit of volunteer to fight terrorists
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