DIC 6 16 SIT EC
y POL 1
ZERO HEDGE
ECONOMICS
There’s a
lot to be worried about going into 2017 both in terms of financial markets and in terms of geopolitical concerns. See the graph
below
First, as Goldman
warns, while investors have been focusing on the
prospect of a lower statutory corporate tax rate, the firm's US economist Alec
Phillips notes that it will likely come
with provisions that will offset much of the benefit of a lower rate. For instance, under the House
Republican plan, several corporate tax incentives, such as the interest expense
deduction, would be repealed. Furthermore, the plan proposes a redefinition of
foreign and domestic income based on where sales, rather than production,
occurs. Furthermore, under Mr. Trump’s plan, the deficit as a percentage of GDP would jump from 3.2% in 2016 to
5.0% in 2017 and 6.1% in 2018. The annual deficit will rise from a
projected $590 billion in 2016 to $960 billion in 2017 and $1.2 trillion in
2018.
Second,
another key risk of President-elect Trump’s proposed economic policies is
higher inflation. Realized measures of inflation have steadily risen in recent
months. Core CPI now stands at 2.2% while core PCE, the Fed’s preferred
inflation metric, has risen to 1.7% from 1.3% last year (see Exhibit 24). At
the same time, reduced labor market slack has supported wage growth and our GS
Wage Tracker stands at 2.6%, its highest level post-crisis (see Exhibit 25).
SEE EXHIBIT 25 AT: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/11/29/gs%20fear%202_0.jpg
To continue reading THE 7 HURDLES IN this interesting article & its graphs OPEN
HERE THE CONCLUSION SUMMARY: Open the web above to read its
explanation
While Donald Trump
and Brexit shocked the market (and the world) in 2016 (albeit briefly), Bloomberg's
John Fraher, Flavia Krause-Jackson and Mira Rojanasakul turn their
attention to the unthinkables in
2017 in 9 worst case scenarios:
- Trumplandia
- Yalta 2.0
- China and America Go to Economic War
- Kim Trumps Trump
- Heads Roll in Europe
- Internet of (Bad) Things
- Cuba—Back in the U.S.S.R.
- Mexico Meltdown
- Saudi Arabia’s Golden Boy is Sidelined
From social breakdown
in the U.S. to a nuclear crisis in North Korea to the defeat of Angela Merkel
in Germany, the potential for chaos is just as great in
2017.
These aren’t predictions. But they show what your
social-media news feed could look like if things go wrong.
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And the
driver or much of that huge Dow outperformance is Goldman Sachs - which is
entirely decoupled from its credit market...
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"This
has been a momentum-driven market rather than one driven by well-reasoned
fundamental analysis... It’s amazing what pseudo-intellectual havoc can be
caused by a couple hundred points bounce in the markets..."
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Si el motor se apaga, la maquina no
funciona. If the engine doesn’t work, the neoliberal system collapse
"The
decrease reflects Chinese economic downturn, which is just now beginning and
will last a long time since China has passed its economic boom period in which
many problems were hidden but now those problems will gradually surface."
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It was
interesting to note that the dollar weakened yesterday after the strongest ISM
print in more than a year. Maybe positioning is already quite stretched?
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Should
the FOMC “hike” in December, it will again have nothing to do with economy
or recovery.
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The
problem with products like UWTI is not that the product is unsuccessful, but
rather that it is broken.
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To
visualize the impact the recent spike in mortgage rates will have on the US
housing market in general, and home refinancing activity in particular, look no
further than this chart.
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The U.S.
monthly international trade deficit increased in October 2016 according to the
U.S. Census Bureau, rising from $36.2 billion in September (revised lower from
$36.4 billion) to $42.6 billion in October, higher than the $41.8BN consensus
estimate, as exports decreased and imports increased which was to be expected
following the recent surge in the US Dollar.
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US
Productivity rose a disappointing 3.1% in Q3 (missing expectations of a 3.3%
rise). However, on a year-over-year basis, Q3 saw a second consecutive decline
- the first two-quarter decline in US productivity since 1993. Unit labor cost
growth slowed in Q3 to 3.00% (with QoQ growth tumbling from 6.2% in Q2 to just
0.7% in Q3).
[[ Si asà esta la cosa de jodida, hoy .. aun un pedo de Trump
puede ser buena noticia, mas tarde ]]
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Dallas
is headed for bankruptcy court. The sooner it gets there the better off the
city will be..
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Perhaps the ultimate gaslighting in human history is our current fiat
money creation system that benefits the
few at the expense of the many.
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POLITICS
The Michigan Republican Party filed emergency motions with the U.S. 6th
Circuit Court of Appeals early on Tuesday, seeking a stay of a federal judge's
order that started a statewide presidential recount in Michigan on Monday, even
as another potentially "dealbreaking" snag
has emerged to Jill Stein's recount effort.
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President-elect Trump's choice of Gen. James
Mattis to be Defense Secretary has raised
more than a few eyebrows. Not only as a military officer in a
traditionally civilian position, but also as an executive in a leading defense
contractor. His views on Iran are also
considered extreme and not grounded in reality. Ron
Paul asks "Will the mad dog be
leashed?" in the following live discussion...
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[[ We can get much more savings
is we cut Pentagon and NATO expenses .]]
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Donald Trump sold all of his shares in
companies in June, according to a Trump spokesman, a move that would have raised
substantial cash ahead of the presidential election and could ease concerns
about potential conflicts of interest.
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Under the twisted premise of losing the popular
vote and "no taxation without representation", TIME's Mark Weston proclaims that the
approximately 65 million Democrats who voted for Hillary Clinton should pledge "we won’t pay taxes to the federal
government.. until democracy is restored."
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Just a day after a Texas
Republican "faithless elector" explained why he will not cast his
vote for Donald Trump, The
Denver Post reports two Democratic Colorado electors are filing suit challenging a state law
requiring them to vote for the winner of the state’s popular vote. Their
hope is to set a precedent enabling Republican electors in other states to vote
for a third-party candidate to keep
Trump from receiving 270 electoral votes.
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WORLD ISSUES and ME
Accusations and allegations that the Turkish
government - and, specifically, members of Erdogan's family- has an
active role in the oil smuggling from areas that are controlled by the “Islamic
State”, were some of the most important subjects that were breached but never
confirmed in 2015. Today, the leaking
of all the emails from the Turkish energy minister by Wikileaks confirms these
allegations.
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NATO is
on a war footing, and has made it clear that «nuclear weapons are a core
component of the Alliance’s overall capabilities». The Belgian F-16
deployments, deliberately and provocatively in a most sensitive area on
Russia’s borders, have been authorised and greeted with approval by western governments whose
citizens have little understanding that the west’s policy of confrontation is
increasing tension day by day.
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Russia, along with Iran, could turn into the big winner of the
agreement, enjoying high output and
higher prices, which would allow it to further expand its global market share.
Unless, of course, OPEC lies, as former Saudi Oil
Minister Ali al-Naimi plainly said this week. “Unfortunately,” he said, “we tend to cheat,” commenting on how OPEC handles its only tool of
market rebalancing: production cuts.
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Short news:
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- For Europe’s Unity, 2017 Will Be a Year of Reckoning (WSJ)
- Oil dips as OPEC, Russian output rises ahead of production cut (Reuters)
- The Pessimist's Guide to 2017 (BBG)
- Donald Trump’s Message Sparks Anger in China (WSJ)
- Brazil’s Reform Plan in Disarray After Senate Chief Removed (BBG)
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DEMOCRACY NOW
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GLOBAL RESEARCH
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COUNTER PUNCH
Michael J. Sainato Elizabeth
Warren’s Shameful Exploitation of Standing Rock Victory
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SPUTNIK and RT SHOWS
Does the US Electoral College Stand in the Way of American
Democracy?
https://sputniknews.com/politics/201611041047057731-is-electoral-college-democratic-institution/
https://sputniknews.com/politics/201611041047057731-is-electoral-college-democratic-institution/
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Related
‘Hamilton Electors’
Aim to Overturn Election Results
https://sputniknews.com/us/201612061048244700-hamilton-electors-hope-overturn-election/
https://sputniknews.com/us/201612061048244700-hamilton-electors-hope-overturn-election/
Related :
‘Faithless Electors’ in Colorado Want to Stop Trump From
Taking Office
https://sputniknews.com/politics/201611171047523196-colorado-electors-try-stop-trump/
https://sputniknews.com/politics/201611171047523196-colorado-electors-try-stop-trump/
Related
Despite Win, Trump Says He’s Still Opposed to the US
Electoral College
https://sputniknews.com/us/201611141047434792-trump-remains-opposed-electoral-college/
https://sputniknews.com/us/201611141047434792-trump-remains-opposed-electoral-college/
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Obama Blasts Critics, Defends US Drone Strikes Despite
Civilian Casualties https://sputniknews.com/us/201612071048251350-obama-defends-drones-blasts-critics/
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Grip Tightens: Syrian Army Strengthens its Force Near Airport
in Aleppo (VIDEO)
https://sputniknews.com/middleeast/201612061048242237-syrian-army-aleppo/
https://sputniknews.com/middleeast/201612061048242237-syrian-army-aleppo/
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WASHINGTON BLOG
Posted on December 6, 2016 by Charles
Hugh Smith
The terms gaslight and
gaslighting are entering the political media lexicon, with partisans of both parties accusing
the other side’s candidate of gaslighting in the presidential
election. The terms refers to the 1944 film Gaslight in which
Charles Boyer subtly manipulates the environment to cause Ingrid Bergman to
question her memory and sanity.
Generally speaking, gaslighting has been
used in the context of personal relationships to describe a manipulative
person’s attempts to undermine and control their romantic partner.
As I understand it, gaslighting refers
to a specific set of manipulative techniques:
1. Questioning,
belittling, discounting and undermining our experience of places and events.
2. Overwriting our
memory of events with false memories, again by undermining, questioning and
belittling our memories.
3. Discrediting and
marginalizing our definitions of self and identity, in favor of the
manipulator’s definition of our identity and place in the world.
4. Using authority
and “experts” to disqualify and discredit dissenting views.
5. Denigrate and deny
our lived experience and memory by repeating the institutionalized
authority-approved narrative of “what actually happened.”
6. Disorient,
discredit and destroy dissent with a torrent of false statistics, false
narratives, false accusations and false claims of our errors.
Correspondent C.D. suggests gaslighting can
be applied to the entire financial system.Here are his comments in reference to last week’s post Beyond Income Inequality:
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
Ent a Pedro Buonomo, nuedo Pdte Bco Sur "El desafÃo es
lograr que vuelva a casa buena parte del dinero que América Latina tiene afuera”
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El mundo del trabajo frente al continuum depresivo global José Luis RÃos
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PRESS TV
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‘Saudi anti-Iran claims politically-motivated n unfounded
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