lunes, 5 de diciembre de 2016

DIC 5 16 SIT EC y POL



DIC 5 16  SIT EC y POL


ZERO HEDGE
ECONOMICS

But...all those gains were puked after the NYMEX close...


Following the biggest USO (Oil ETF) fund outflow in 7 years on Friday (as investors "bail out" following the commodity curve's inversion)...


Finally we leave you with this...from Rhino Trading's Michael Block who offers the following perspecitve on why European stocks spiked the most since the Trump victory last month (largley a black swan event), courtesy of Barron's:

…[Apparently] the pattern of fading a potential crisis and then scrambling to cover and get long when everyone takes a breath and realizes that this time is not the apocalypse either still holds more than ever. I can’t justify any of this. The lesson investors and traders are getting is that everything is a buying opportunity and you need to not miss the boat. Brexit? Bullish. Trump winning the election? Bullish. Italy saying no to the referendum and the Prime Minister handing in his resignation? Bullish. Heck, all we need is a coup d’etat in India and the entire Belgian banking system to go kablooey and the S&P 500 will be at 3,000 by Christmas Eve.
….
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Following Goldman's exposition of the 'devils' in the markets' details, we thought the following not-widely-followed indicator was of interest. As UBS' Art Cashin warns it's "worth keeping an eye on."
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For the second time today, the most liquid, transparent, efficient stock market in the world... has broken.
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Will “Trumponomics” change the course of the U.S. economy? We certainly hope so. It will be better for us all. However, as investors, we must understand the difference between a “narrative-driven” advance and one driven by strengthening fundamentals. The first is short-term and leads to bad outcomes. The other isn’t, and doesn’t.
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Pamping oil hasta que caiga el precio  . A pampear a pampear que el mundo se va a acabar


The greatest trick OPEC ever pulled was convincing the world to buy oil even as production kept rising to new all time highs.
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Despite a small rise MoM, The Fed's own Labor Market Conditions Index has now deteriorated year-over-year for 5 straight months, despite significant upward revisions over the last 6 months, most notably in September and October. As Deutsche's Jo Lavorgan notes,"the upshot is that the economic outlook remains fragile despite the ostensible robustness of the labor market."
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After spiking to 2016 highs in September/October, the US Services economy slipped lower in November according to Markit with signs of margin squeezes appearing as input cost inflation hits a 15-month high, but prices charged remained flat, and payrolls growth remains weak (well below average). However, ISM reported a big beat, with Services at the highest since Oct 2015 (despite a drop in new orders).
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"The COMEX has nothing to do with gold. That is simply a casino where gamblers place their bets on the gold price...The manipulations are being exposed and it’s only a matter of time before their schemes backfire"
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December 5, 1996:  “Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.  But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions?"
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Something curious happened as Trump was "draining the swamp" - the man who by some accounts owns the swamp, Hillary Clinton's billionaire backer Warren Buffett, may be about to get an "unexpected" windfall thanks to Trump's tax-rate cut policies which would boost the book value of Berkshire by as much as $29 billion.
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Si este Sr. jugara soccer dispararía contra su propio arquero. Cualquier día  sale y se acabó el circo

"I don’t think anybody in the administration is looking for quote-unquote tariffs, but I think they are a cudgel if you will to lay out there if we can’t get the trade deals to be right-sided to now benefit the American people.”
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Mentiras  encima..  Maniana diran: “la confianza empresarial  sube rapido

The Weighted Average Cost Of Capital - When it goes up, prices go down. It's going up...
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POLITICS


With celebrations continuing at the site of the Dakota Access Pipeline protest (following the Obama administration's decision not to grant the construction permit), it appears the Trump administration has very different ideas. Having confirmed Trump's support for the pipeline (not to do with his investments), Reuters reports a Trump advisory group proposes the politically explosive idea of putting oil-rich Indian reservation lands into provate ownership.
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How would you describe the social mood of the nation and world? Would anti-Establishment, anti-status quo, and anti-globalization be a good start? These are all characteristics of the long-wave social-economic cycle that is entering the disintegrative (winter) phase.
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The measure has not been passed by the Senate or signed into law yet, and the holiday recess may prevent that. But it is easy to see how it would empower the Deep State to shut down whichever websites they happened to not like.
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The conservative watchdog site, Judicial Watch, today announced it filed a motion seeking to unseal the audiovisual recordings of the depositions of top Clinton aides and State Department officials.
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WORLD ISSUES and ME


  1. EM, China and Europe remain risks to central scenario
  2. ECB to extend QE, removing Euro area risks to reflation sentiment
  3. OPEC decision and breakevens suggest EM could become a reflation trade
  4. RMB devaluations in response to protectionism
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Well you have to laugh really eh?
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Matteo Renzi met with Italian president Sergio Mattarella to discuss the terms of his resignation. According to Ansa, Renzi's departure may not be as clear cut as some had expected, and as Ansa reports, Renzi may delay his resignation following a request by the president to hold the post until the Senate Budget Law is passed,
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While investors are focused on Italy, Bloomberg's Mark Cudmore warns that another Mediterranean country is poised to grab their attention very soon. A currency crisis in Turkey is rapidly deteriorating, setting the stage for dramatic and unscheduled central bank action.
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DEMOCRACY NOW


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GLOBAL RESEARCH


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INFORMATION CLEARING HOUSE


The Rules of the (Trump) Game  By Pepe Escobar
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Donald Trump Kicks Off Victory Tour in Cincinnati, OH .
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The Mafia State  By Chris Hedges
What comes next, history has shown, will not be pleasant.
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This is how working class and community-based electorates are seduced into voting against their real class, national, community.
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Publish, Punish, and Pardon  By Pratap Chatterjee
Nine Things Obama Could Do Before Leaving Office to Reveal the Nature of the National Security State.
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The first American Muslim elected to the U.S. Congress, has been the target of a defamation campaign that is deceitful, repugnant, and yet quite predictable
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COUNTER PUNCH


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SPUTNIK and RT SHOWS


Russia-Iran-Syria Alliance 'Thwarts US Ambition to Oust Bashar Assad'
https://sputniknews.com/middleeast/201612051048167556-syria-russia-iran-alliance/
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California State Legislature Prompts Trump to Drop Mass Deportation Plans
https://sputniknews.com/us/201612061048208266-california-urges-trump-drop-mass-deportation-plan/
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Mexico May Hike Oil Output to 2.9Mln Barrels Daily Surpassing Venezuela, Brazil
https://sputniknews.com/latam/201612061048208512-mexico-oil-output-surpassing-venezuela-brazil/
Related:
Mexican Oil Prices Rise by Over 7% in Wake of OPEC Deal on Output Freeze
https://sputniknews.com/business/201609301045853589-opec-deal-oil-prices/
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US in Afghanistan - 'We Will Never Know What's Going On’
https://sputniknews.com/politics/201612061048208041-usa-in-afghanistan/
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Former Ukrainian Parliamentarian Alleges Widespread Cronyism by Poroshenko   https://sputniknews.com/europe/201612061048206076-ukrainian-parliamentarian-alleges-widespread-cronyism/
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Russia, Philippines Boost Military Ties to Enhance Asia-Pacific Region Security
https://sputniknews.com/military/201612061048207823-russia-philippines-military-ties/
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RT SHOWS
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WASHINGTON BLOG



How would you describe the social mood of the nation and world? Would anti-Establishment, anti-status quo, and anti-globalization be a good start? How about choking on fast-rising debt? Would stagnant growth, stagnant wages be a fair description? Or how about rising wealth/income inequality? Wouldn’t rising disunity and political polarization be accurate?

These are all characteristics of the long-wave social-economic cycle that is entering thedisintegrative (winter) phase. Souring social mood, loss of purchasing power, stagnating wages, rising inequality, devaluing currencies, rising debt, political polarization and elite disunity are all manifestations of this phase.

I have covered the cyclical nature of human social orders many times, most recently inWe’ve Entered an Era of Rising Instability and Uncertainty (July 18, 2016)
Historians David Hackett Fischer (The Great Wave: Price Revolutions and the Rhythm of History) and Peter Turchin (Ages of Discord) have assembled data and models for these long-term cycles.

Based on the history painstakingly assembled by Fischer and Turchin we can anticipate:
— Ever higher prices for what I call the FEW Essentials: food, energy and water.
— Ever larger government deficits which end in bankruptcy/repudiation of debts/new issue of currency.
Keep Reading
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NOTICIAS IN SPANISH


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Mouin Rabbani  Alepo y el conflicto de Siria  Middle East Report
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Con Trump y Hillary el pueblo perdió. Ambos implementaron el fraude oligárquico de los super-Packs (compra de elecciones)  y los super-delegados (cronyism descarado). Ademas de leyes que entronizan el sistema dualista  y excluyen a quien no es Dem or GOP. Jill Stain los está acusando con el recuento de votos, en el afán de dotar al pueblo de energía Rev anti-sistema. Ella logro en 7 dias lo que no se pudo probar en 7 meses  de fraudes : denunciar el sistema como obsoleto y preparar al pueblo para la Rev anti-fascista que se avecina: Pueblo vs alianza de Gbno, banqueros y  grandes Corp del W-Street).  
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Vicepresidente electo de EE.UU.: "México pagará el muro" multanto a quienes envían dinero a su país. Ya CA y pronto Tx (que antes derribo el muro de OB) rechazan esa política. Necesitan mano de obra barata del sur para presionar hacia abajo los salarios de los blancos que ahora piden 15 USD p/h.
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¿Qué hacen los buques de desembarco de EE.UU. en las costas de Siria?  Esperan la señal de ataque, mientras los aliados de RU les envían bolsas de plástico para que empaqueten su regreso en caso hay ataque. Ya la guerra la perdimos; las tropas USA no tienen nada que hacer allí, solo los usan para el chantaje e intimidación “diplomática”, de lo que se ríen los aliados de RU.
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Prohíben en EE.UU. toda cooperación militar con Rusia Esa “cooperación” no existe. Lo que buscan es encarcelar a quienes desmienten las mentiras anti-rusas. Ya se desenmascaró el cuento de la Clinton y temen que la prensa alternativa haga lo mismo con las mentiras de Trump.
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[[ Aquí mi versión del tema: un resumen de : www.elblogsalmon.com  
Hay 2 variables que miden el crecimiento de la Econ mundial: La demanda agregada –DA- y la oferta agregada -OA-.

Los indicadores del DA son 4:  (validos también para la OA, pero a la inversa).

A- la capacidad de compra del consumidor interno y externo (C): este es uno de los grandes problemas del plan de Trump: los bienes y servicios que el consumidor puede comprar dependen de los precios (si son altos la demanda baja y a la inversa).  No hay modo de garantizar precios estables si ya se está iniciando ataques infundados contra China (el principal comprador y vendedor de bienes y servicios comerciales) . El acuerdo petrolero tampoco garantiza precios bajos y alta DA. Los problemas geopolíticos (guerras estúpidas que creamos) tampoco dan contexto para precios estables- ;

B- la inversión  empresarial  (I)  Las empresas invierten en lo que da mas beneficios y esto se calcula por la diferencia entre ingresos y gastos. Si los costos de producción o gastos en labor y tecnología suben, los beneficios empresariales bajan.  Significa esto que la expectativa empresarial varia según la coyuntura Econ y polit del país (las guerras y las crisis econ mundiales afectan la confianza o expectativa empresarial). Por tanto esto es muy difícil predecir  si ya estamos hablando de guerra comercial con China y su aliado RU. Si se evita esos conflictos es posible lograr un nivel medio de precios y dar estabilidad y confianza al inversor. Por tanto, todo depende de los costos de producción, y de un nivel medio de precios .

C- El Gasto Publico (en este caso el estímulo fiscal que da el Estado que si es billonario (G) y ya viene alentando la inversión empresarial. Todos quieren su presa del pavo de billones que ya anuncio Trump.   

D- la tasa importación vs exportación  (X-M), si seguimos exportando armas y guerras, nuestra balanza comercial va a ser siempre negativa por la inestabilidad de precios que eso provoca. Urge diversificar la exportación y competir en carrera de carros no poluter de los europeos y que ya anuncio RU y China también. Urge ingresar a nuevas Tech que vayan mas allá de la energía contaminante: petróleo.  

La Oferta agregada OA, es decir, la cantidad y calidad de bienes y servicios que las empresas están dispuestas a vender  dependen también del nivel medio de precios  y de los costos de producción y las expectativas empresariales. Mas sobre este tema lo puede encontrar en: www.elblogsalmon.com    

El debate sobre este tema ya se inició en el USA y hay dos art que vale la pena leer: el de Felstein, un republicano de la era de Bush que no cree que el Plan de Trump va a funcionar, pero podría. Y el otro, Stockman, es un economista anti-sistema  que ya habla del  fracaso de la Rev que ofrecio Trump.
Si lee Ingles, lealos:
1- Will Trump’s Plan Really Boost US Demand?  By MARTIN FELDSTEIN
y
2- The Revolution That Failed  by David Stockman via Daily Reckoning
Mas lecturas en:
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PRESS TV


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Erdogan still in the dirty alliance with Israel-Saudis
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SETTING THE AGENDA IS THE KEY: Dismantling nuke-power plants
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We have to stop Tramp’s & Press islamofobia. They should be fined by Supreme Court
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Los amigos de RU crecen y los enemigos del  USA tambien. Bye-bye unipolar system
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Libya's Sirte fully liberated from Daesh los amigos de la Clinton are been wiped out
Trump will need China to foster his economic Program. China don’t need us.
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S: focus on “our revolution” & urgent need for a new party. Cut old ties with Dems’ cronyism
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