NOV 4 16 SIT EC y POL
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See the explanation in Politics (below)
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ZERO HEDGE ECONOMICS
THE WORLD CONTEXT: GLOBAL
RECESSION IS GETTING WORSE
With
yesterday's, 8th consecutive decline for the S&P 500, the US equity market
has now posted the longest losing streak since October 2008; and should we
close payrolls Friday day with another negative print, it would be the
longest negative streak since December 1980. Putting the recent slide in
context, stocks are now down compared to a year ago,
and are unchanged since December 2014.
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In the last week the so-called FANG
stocks (FB, AMZN, NFLX, GOOGL) have stumbled.
As earnings and outlooks disappointed, shareholders have awoken to the new normal low growth world and wiped over $100 bilion in market capitalization of the four
horsemen of the Fed's wealth creation bubble.
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"My premium is going up 96 percent. Ninety-six percent. My monthly payment,
which was the amount of a decent car payment, is now the size of a moderate
mortgage..." The law
will slow economic growth over the next decade, costing the nation about 2.3
million jobs and contributing to a $1 trillion increase in projected deficits,
according to the Congressional Budget Office.
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According to the BLS' seasonally adjusted "data", starting in March of 2010 and continuing through October of
2016, there has been just one month
in which restaurant workers lost jobs. Meanwhile, the US manufacturing
industry is getting hammered.
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The US oil rig count has risen
for 22 of the last 24 weeks and is up 9 in the last week to 450 - the highest
since Feb 2016. Despite this surge, US production remains flat during the
same period - hovering around 8.5mm barrels. No reaction in crude following its
early chaos on OPEC headlines...
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What a farce...
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"The price-action in single-stock was the
stuff we haven’t seen since the Q1 market-neutral factor unwinds ripping
through the pod-shops…where for a stretch in late Jan / early Feb, teams /
books were being blown-out on daily basis around the Street."
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There is a simple reason why the vast majority
of American workers, some 82% of them, are not feeling any wage growth: there simply isn't any.
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A new warning has
emerged when looking at the number of Multiple
jobholders, or people who are forced to hold more than one job due to
insufficient wages or for other reasons: when looked on an actual,
unadjusted basis, the number
of multiple jobholders just rose to 8.050
million, the highest number this century.
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Contrary to expectations that people are
rushing back into the labor force, in October the number of Americans who were
not in the labor force rose by a substantial 425,000 to 94,609, the highest
print in the series since May, and suggests that the exodus of Americans out
of the labor force has resumed.
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Central bank independence “comes from an
understanding of the macroeconomic policy problem that is not relevant to current times.”
At an event in Davos, Switzerland earlier today,
Former U.S. Treasury Secretary, Larry Summers, argued that Central Bank independence from national
governments should be scrapped in favor of a coordinated effort between
politicians, central bankers and treasury to engineer inflation.
Seems reasonable, right?...what could
possibly go wrong?
According to Market
Watch, Summers argued that Central Bank
independence came from "an understanding of the macroeconomic policy
problem that is not relevant to current times." Ironically,
he argued that Central Bank
"insulation" was required in the 70s/80s when the "White
House" and "Congress" could not be trusted to fight inflation.
So does this indicate that Summers' baseline assumption is that politicians today are more
trustworthy than in the 70s/80s? Perhaps
Summers is the one that is "insulated" from reality? Is it possible that he's completely missed the fact that one of our
presidential candidates is currently under multiple investigations by the FBI
for various allegations of corruption and fraud? Meanwhile, both presidential candidates are polling at among the lowest rates
ever experienced for "trustworthiness" while the job approval rating of Congress has never
been lower...but sure, we should grant them even more power to wreak havoc on
the U.S. economy for political gain...why not?
Apparently Summers is under the
impression that inflation will never again be an issue in the United States and therefore sees little harm in granting politicians the keys to
the financial market rigging machine known as the Fed.
Of course, the White House and it's political appointees would never
try to exploit their power for political gain, right?
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POLITICS
"These
emails have never been seen before..."
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Here is why this is important: historically,
the market performance in the three months leading up to a Presidential
Election has displayed an uncanny ability to forecast who will win the White
House… the incumbent party or the challenger. Since
1928, there have been 22 Presidential Elections. In 14 of them, the S&P 500 climbed during the three months preceding
election day. The incumbent President or party won in 12 of those 14 instances. However, in 7 of the 8
elections where the S&P 500 fell over that three month period, the
incumbent party lost.
There are only three exceptions to this correlation: 1956, 1968, and
1980. Statistically, the
market has an 86.4% success rate in forecasting the election!
IMAGE AT: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/10/26/trump%20win%20loss_1_0.jpg or http://www.zerohedge.com/news/2016-11-04/market-indicator-gives-trump-86-chance-winning-election
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We the citizens and voters have to stop being enablers of systemic corruption...
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While President Barack Obama said his
administration is willing to let
“things play out” for a few more weeks when
it comes to the escalating effort by Native American tribes to stop a pipeline
in North Dakota, Sen. Bernie Sanders (D-Vt.) offered a distinctly more urgent
response this week by saying “Damn right” the project should be stopped immediately.
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"Indictment obviously is a very loaded
word, Jon, especially in this atmosphere,
and no one knows if there would or would not be an indictment no matter how
strong investigators feel their evidence is."
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If Hillary Clinton is
elected president on Tuesday, and if what Bret Baier is reporting from
FBI sources on Fox News is true, America is headed for a constitutional
crisis.
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Soros
has spent millions in 2015 and 2016 funding campaigns to defeat local
prosecutors around the country and
elect new ones who back criminal justice reform measures. But Soros’ spending
against Maricopa County Sheriff Joe Arpaio in Arizona, a high-profile liberal
bogeyman, is his single biggest investment in a
local race this year, as well as the billionaire’s first effort against a
sheriff.
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"I’d like to warn you that the Democrats may rig the elections on
November 8. This may be possible because of the software installed in the FEC
networks by the large IT companies. As I’ve already said, their software is of
poor quality, with many holes and vulnerabilities."
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CBS reports that U.S. intelligence has alerted
joint terrorism task forces that al-Qeada could be planning attacks in three
states for Monday. According to sources, it is believed New York, Texas and
Virginia are all possible targets, though no specific locations are mentioned.
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"This
Quickly Escalates Into Open Warfare" – Why The Government Is Preparing For
Post-Election Chaos
All of
this may sound extreme, but this Presidential election has been nothing short
of insane thus far. Whatever
the outcome, there will be calls of rigging from both sides, especially if it
happens to be Hillary Clinton who , as evidence shows, has been rigging things
all along. It
only took one bullet in 1914 to lead to widespread global confrontation. In the
end, no one really cared who fired it or who got shot.
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As we enter
the final stretch of this vitriolic, deplorable, venomous, propaganda saturated,
deceitful, rigged presidential election spectacle,
it becomes painfully obvious this Fourth Turning is careening toward bloodshed,
bedlam, confrontation, and civil war. The linear fixated
establishment, who fancy themselves intellectually superior to the
irredemables, are too blinded by their sociopathic, increasingly audacious subversion of the Constitution, to grasp the
level of rage and disillusionment of a white working class that has been
screwed over for decades
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"...so much chaos, someone will do something stupid... and when they
do, things will turn nasty..."
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The media has no one to blame but itself.
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“My
analysis is that Trump would not be permitted to win. Why do I say that?
Because he has had every establishment off his side.... Banks, intelligence, arms companies,
foreign money, etc. are all united behind Hillary
Clinton. And the media as well. Media owners, and the journalists
themselves."
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MODERN TECH TO SERVE OLIGARCHICAL FRAUD
"We
match Hillary voters in blue states with third-party voters in swing states to
help them trade votes. Hillary gets more swing votes and third-party
candidates get their votes counted."
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"If
Hillary is elected, it will be by rigging the election. Our
computer has never been wrong on this score. So if she takes office, this will be the worst administration in history
and may very will set in motion the phase transition where capital flees to
bonds and we see a significant rise in civil unrest."
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More from zero hedge
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WORLD ISSUES and ME
READINGS MISS IT
GLOBAL RESEARCH
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The ongoing prolific
protests by opposition parties, university students, communities and labour,
remains on the horizon as the political dust refuses to settle
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COUNTER PUNCH
Andrew Levine It
Didn’t Have to Be Hillary
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Nile Bowie Election
2016: A Political System In Crisis
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Joni Sarah White Water
is Life: With Solidarity for Standing Rock
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SPUTNIK and RT SHOWS
n Clinton Propaganda Cuckooland: Thousands-Strong Army of
Russian Babushkas is Hacking America https://sputniknews.com/us/201611051047087695-newsweek-eichenwald-elderly-russian-hackers/
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Newsweek Journalist Claims US Intelligence Fed Him False
Putin-Trump Conspiracy https://sputniknews.com/us/201611051047087695-newsweek-eichenwald-elderly-russian-hackers/
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Read more: https://sputniknews.com/us/201611051047087695-newsweek-eichenwald-elderly-russian-hackers/
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Anti-Pipeline Protesters Shut Down North Dakota Capitol, Police Start Arrests https://sputniknews.com/us/201611051047089474-dapl-protesters-arrested-at-Bismark/
Anti-Pipeline Protesters Shut Down North Dakota Capitol, Police Start Arrests https://sputniknews.com/us/201611051047089474-dapl-protesters-arrested-at-Bismark/
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RT SHOWS
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WASHINGTON BLOG
Posted on November 4, 2016 by Charles Hugh
Smith
The overwhelming consensus of the
punditry across the political spectrum is that “Nothing Good Can Come of This
Election”–and that’s a very good thing.The handwringing goes like this: The country is deeply divided by
schisms that cannot be bridged, every institution from the two parties to the
mainstream media to the Department of Justice has been tarnished by cover-ups,
collusion or worse; whomever wins the election will enter the presidency
without a mandate, and so on.
Why is “nothing good can come of
this” good? Because ridding the nation of its political corruption will require
hitting bottom.
Just as an alcoholic or drug addict is incapable of making
any truly positive changes until he/she hits absolute bottom, so it is with our
tolerance of a corrupt political system that is poisoning the nation, one
injection of corrupt cash, collusion and pay-to-play at a time.
If our rotten-to-the-core politics
as usual is indeed flying off the cliff to complete destruction, that
is an unalloyed good.
Just as alcoholics continue down their self-destructive path
with the aid of enablers, so too has the corrupt political order expanded with
the aid of the Mainstream Media, insiders in the Department of Justice, K
Street lobbyists and a veritable army of well-paid lackeys, pundits, academics,
apparatchiks and assorted toadies in the organs of governance and in the
big-money private sector and philanthro-capitalist dynasties of pay-to-play
foundations.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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PRESS TV
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