DIC 27 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
Today’s FOMC can imagine raising rates only to
the point they fell to about halfway through their 2007–2008 easing cycle. They see no chance that overnight rates will
reach 5% again. None.
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Staunch Hillary Clinton supporter (and vehement
anti-Trump-er) Warren Buffett had a
better year than any other billionaire on earth... thanks to Donald Trump.
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For months we've been warning that soaring auto
sales represent nothing more than the latest bubble created courtesy of low
interest rates, deteriorating lending standards in the form of stretched
maturities and weaker credit profiles, and an insatiable demand for auto
securitizations from yield-thirsty pension funds which wall street is happily
trying to meet (see here,
here
and here).
Of course, with subprime auto ABS issuance soaring past 2006
levels last year...
HERE the broader
economy into perspective. See image at: https://twitter.com/A_Riley17/status/565877294473162752/photo/1
…
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If you’ve paid into Social Security, become
injured or sick, and can no longer earn more than $1,130 a month, you can get a
monthly subsidy from the Disability Insurance Trust Fund. As
Bloomberg notes, in 1990 fewer than 2.5% of
working-age Americans were "on the check;" by 2015 the number stood at 5.2%, with geographical "disability
belts" appearing across America.
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Volume was terrible...lowest Dec 27th volume in
at least 10 years...
SEE ALL GRAPHS AT: http://www.zerohedge.com/news/2016-12-27/dow-20k-disappoints-10th-day-despite-market-optimism-surging-most-dot-com-peak
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The core thread of next year's relatively
downbeat "surprises" from Seabreeze Partners' Doug Kass is that the crowd is
wearing Trump-colored glasses and that the single-biggest surprise is how quickly the bloom
comes off the Trump flower.
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The story begins in the 1970s when Henry
Kissinger and Richard Nixon struck a deal with the House of Saud — a deal which
gave birth to the petrodollar system.
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Moments ago, that “other” confidence index
reported by the Conference Board, also printed at multi-year highs, surging
from its November print of 109.4, and well above the 109 expected, to 113.7.
This was the highest print since August 2001. What drove the surge? What else: hope that Trump will make things better…
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POLITICS
"As
we prepare to fight-back against the forthcoming attacks on working people and
our communities under an extremist-run government, we know we
must realign our resources and streamline our investments to buttress and
broaden our movement to restore economic and democratic opportunity for all
families,”
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According to the Washington Post and "senior
administration officials," the Obama administration is close to announcing
a series of economic sanctions and
other measures to punish Russia for its "interference" in the 2016
presidential election. An announcement is expected to come as
early as this week and would likely
include "covert cyber operations."
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While traders around the world slept, China's
banking system suffered another mini cardiac arrest when the overnight repo
rate traded on Shanghai Stock Exchange soared
as much as 30.87% to 33%, the highest since September 29, before closing
at 18.55%.
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It’s highly likely corporations would act exactly the same as they did
last time...acquire
businesses in the United States, to buy back their own stock or to pay down
debt.
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WORLD ISSUES and ME
The Russian
Foreign Ministry said the just signed NDAA which eases restrictions on arming
Syrian rebels and opened the way for deliveries of shoulder-fired anti-aircraft
missiles, will be viewed as a hostile act by Moscow as it directly threatens
Russian forces in Syria.
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Hot on the heels of China
gold import restrictions, and India's
demonetization and gold confiscations, The European
Commission proposed tightening controls
on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding
of militant attacks on the continent, following the Berlin Christmas
attack.
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DEMOCRACY NOW
U.N.
Declares Israeli Settlements Illegal; Netanyahu Vows to Retaliate After U.S.
Abstains from Vote
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GLOBAL RESEARCH
Who
is Supporting ISIS-Daesh in Syria? Erdogan or Obama? Both with different agendas
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INFORMATION CLEARING HOUSE
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A Sour Holiday Season for Neocons By Robert Parry
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Trump Goes All In With the Settlers By Paul R. Pillar
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COUNTER PUNCH
Nozomi Hayase Trump
and the Phantom of Democracy
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Mark Weisbrot Doubling
Down on Disaster: the Degradation of Brazil
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SPUTNIK and RT SHOWS
US-Backed Syrian Militia Seeks Anti-Aircraft Missiles
https://sputniknews.com/military/201612281049053245-syria-militia-anti-air-weapons/
https://sputniknews.com/military/201612281049053245-syria-militia-anti-air-weapons/
Related
US 'Fairly Irrelevant' in Syria Talks - Former CIA Operative
https://sputniknews.com/us/201612271049044335-us-syria-cia-russia/
https://sputniknews.com/us/201612271049044335-us-syria-cia-russia/
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France Reveals World’s First Solar-Tiled Road
https://sputniknews.com/europe/201612241048947978-france-reveals-first-solar-road/
https://sputniknews.com/europe/201612241048947978-france-reveals-first-solar-road/
Related 1
Elon Musk Debuts New Solar Roof Tiles, Presenting His Vision
for the Future
https://sputniknews.com/science/201610291046871051-elon-musk-solar-roof-tiles/
https://sputniknews.com/science/201610291046871051-elon-musk-solar-roof-tiles/
Related 2
Levitation Force: Working Prototype of Elon Musk’s Hyperloop
Train Takes Off (VIDEO)
https://sputniknews.com/science/201610291046871051-elon-musk-solar-roof-tiles/
https://sputniknews.com/science/201610291046871051-elon-musk-solar-roof-tiles/
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WASHINGTON BLOG
Posted on December 27, 2016 by Charles
Hugh Smith
Correspondent Joel M. submitted
an article that struck me as a harbinger of the future: In Greece, Property Is Debt:
“At law courts throughout Greece, people are lining up to
file papers renouncing their inheritance. Not necessarily because some feckless
uncle left them with a pile of debt at the end of his revels; they are turning
their backs on what used to be a pillar of Greece’s economy and society: real
estate.
Growing personal debt, declining incomes and ever higher
taxes as Greece’s depression grinds on have turned property and the dream of
easy money into dread of a catastrophic burden.
After many years in which only very valuable properties
were taxed, many Greeks went from paying almost no taxes on real estate to not
having enough money to pay.
In 2010, property taxes accounted for 0.26 percent of
gross domestic product, while this year they are around 2 percent, according to
state budget figures. ‘Suddenly, the state treated
the Greeks as if they were rich, at the precise moment that they ceased to be
rich.’
Among the many disruptions of the past few years, this
one shows how traditional conceptions — and a sense of security — can be
shattered. With a history full of wars, bankruptcies and rampant inflation,
Greeks had always seen land as a haven.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
La globalización ha muerto Álvaro
García
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"La ayuda militar de EE.UU. a
los rebeldes sirios es un paso hostil que amenaza a los aviones rusos"
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PRESS TV
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RU has to eliminate
them without mercy and asap
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So what .. we love
Israel “to death” .. is our paradise for
tax evasion & money laundry
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‘99% of US senators believe Russia meddled in election: Graham
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