FEB 1 17 SIT EC y POL
FOCUS: LAS PERSPECTIVAS DE LA CRISIS del DOLAR
ZERO HEDGE, ECONOMICS
GLOBAL CONTEXT
The
specter of global stagflation is looming ever larger as
inflation across the world is beating analysts’ forecasts (even before the
potential effect from Donald Trump’s economic policies) but economic growth expectations remain stagnant.
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Despite
disappointing 'hard' data from
durable goods, ISM survey data confirms the 'soft' data bounce (highest
since 2014) but Prices Paid spiked to its
highest since 2011 (as export orders dropped).
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The post-election movements of U.S. stocks have been heavily influenced by
policy. First they soared, then they traded
in a narrow range. Now,
Mohamed El-Erian warns, the markets have
entered a period of greater volatility underpinned by a tug of war between the expectation of reflationary
policies and the risk of stumbling into stagflation.
Where we end up will be predominantly a
political call.
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2 MORE SHORT NEWS on GLOBAL CONTEXT
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EL DÓLAR tiene que bajar para vender autos depreciados y chatarra militar
Quien
se jode es el pueblo que cada vez compra menos con el mismo dólar
Si
quieren cambiarlo lo vendemos a precio real: su nominal plus depreciación:
QUE NOS
PAGUEN SU VALOR REAL EN MONEDAS DE ORO. De lo contrario
será
un
robo, un saqueo oligárquico-financiero que asesinara a nuestro pueblo. Eso
jamás
lo permitiremos .
Preferiremos morir de pie que de rodillas. La REV
POPULAR
VENCERA. LA OLIGARQUIA PERECERA o IRA AL CADALSO!
The Fed
seemed to back away from its three-hikes-plan in today's FOMC statement, as FF
futures and the USD signalled a more dovish stance, but Wall Street
analysts remain confused...
RELATED:
"The
War on Cash is a mortal threat to individual and economic liberty. I think its
advocates are clearly sociopaths and enemies of the common man. Unfortunately, I
don’t see the war slowing down. I see it heating up."
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"Of
course the Fed won’t be raising rates today, but it would be just as
irresponsible of them to indicate a hike is imminent. Unless Trump changes tack
rapidly, March is looking far too soon to even consider tightening
policy."
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Dollar Dumps Most In 30 Years As Trump Raises Doubt Over "Strong Dollar Policy"
The US dollar is having its worst start to a year in decades...
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It may
come as a surprise that Americans are less likely to start a business,
move to another region of the country, or switch jobs now than at any time in
recent memory. But dynamism is in
retreat nationwide and in nearly every measurable respect.
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"We have argued the current monetary regime is in its evanescence, and that the
Fed is trying to raise rates to attract global wealth to dollars and
dollar-denominated assets as global leverage, demand and output growth
declines. If we are right, then we should
not expect other economies to sit by idly... which keep us cautious on
equities, bullish on Treasuries and
gold, and negative on credit:"
…
It is interesting to review valuation metrics across
industries on a worldwide basis. We
developed the table below from valuation data gathered by StarCapital: OPEN Global Equity
Valuation Ratios by industry: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/01/20170201_caution4_0.jpg
Monetary leverage is technically the quantity of bank assets
in relation to the quantity of base money.1 Central banks are only obligated to
create enough base money (through QE) to reserve bank assets. Since bank assets
are technically created through the bank loan process, the majority of bank
assets, which include deposits (i.e., money), is effectively credit extended by
central banks.
Graph 4 shows the history of US dollar leverage. (Were
the graph to go back to 1970, there would be virtually no leverage, as bank
assets were effectively backed by gold.) As we can see, the Fed’s bank reserve
creation beginning with QE in 2009 began to de-leverage the US banking, which
stands at about a 4:1 ratio presently. We can assume that the onset of another
recession would be treated by the Fed in the same way – a reversion to QE that
further de-leverages the banking system. The limit of Fed QE that creates bank
reserves is another $12 trillion. Reliable monetary leverage data across the
world is difficult to come by, but we believe US dollars are among the least
levered of all major currencies.
It is critical to understand that central bank
responses to economic adversity – adversity that threatens the value of
collateral supporting bank asset values - are devoted to saving its primary
constituency, the banking system. There is no formal obligation to support the
value of non-bank credit.
To see all variable, graphics and explanations open: http://www.zerohedge.com/news/2017-02-01/time-caution
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POLITICS
NASTY ENERGY TO BE FORCED by BRUTAL FORCE
With environmentalists already furious at
Donald Trump for his recent executive orders to reincarnate the Keystone XL and
Dakota Access Pipelines, their anger is set to overflow following news that the
completion of the latter may be just a matter of months, if not weeks.
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REAL CHANGE STARTS ON TECH CARTELS:
We
cannot advance until we dump the Technocrat Class and decentralize the power that the Liberal
Establishment happily concentrated into the hands of corporate cartels and the
central state.
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Without a dramatic surge in immigration – or
the number of women joining the labor force – it will be virtually impossible
to add 25 million jobs in the next
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Nuestros malos hombres en WS son peores que los de MX.. Por eso hubo un Ado: abrir la puerta a los de Mx para que eliminen a los de WS. Ambos son malos porque no pagan impuestos (AP).. prefieren Israel y otros paraísos fiscales para la evasión tributaria. Como el mal vinagre disuelve el mal aceite.. el acuerdo fue que vengan los más malos de Mx para que se coman a los malos de WS… Just kitting.. What I said is no funny –is stupid- as Trump did it. El único que puede tomar en serio este barbarismo es Mr Peña. Pero mis quates de MX seguro se están cagando de risa: “Para eso si sirve nuestro Presid Mr T.”
"You have a bunch of bad hombres down
there," Trump told Pena Nieto, according to the excerpt seen by the AP.
"You aren't doing enough to stop
them. I think your military is scared. Our military isn't, so I just might send
them down to take care of it."
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As for the political field, unrest will continue and grow because the end
of economic growth means the end of centralization, and our entire
world, politically, economically, what have you, is based on these two things.
Today, unrest is the only growth
industry left. And it’s not going away anytime soon. It’s a new day, a
new dawn, it’s just that unfortunately this is not going to be a pretty one.
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"Our
trans brothers and sisters are under attack in far too many parts of this
country and this world. Now, more than ever, California must lead on trans inclusion
and ensure that our entire community can live with dignity and respect. This legislation is an overdue step
forward."
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A leaked draft of a new Trump executive order related to the issuance
of H-1B visas reportedly directs the Secretary of Homeland Security to consider
ways to "make
the process of H-1B allocation more efficient and ensure the beneficiaries of
the program are the best and the brightest."
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WORLD ISSUES and ME
The threat of war against Iran is
now officially announced, so does the WW3
"As
of today, we are officially putting Iran on notice," Flynn told a
White House briefing, without explaining exactly what that meant, although it
is clear that any more provocations by Iran and whatever existing deals Iran had with the Obama administration will
almost certainly be revised if not torn up.
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GEOPOLITICS may be more brutal
even:
"...if Congress ends up in gridlock, I would advise Senator McConnell
to 'go nuclear'..." to ensure confirmation of Judge Gorsuch.
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While OPEC
seems unfazed by the resurgence in North American shale activity and is trying
to convince the market (and itself) and prove that it would be mostly adhering to the promise to curtail
supply in an effort to boost prices and bring markets back to balance. In the next couple of months, official production figures
will point to who’s winning this round of the oil wars.
Related
WTI,
RBOB Dump'n'Pump Despite Biggest Crude Build Since October, Record Gasoline
Inventory East Coast gasoline inventories hit an new
all-time record high. [[ Is this note pay by
brothers Koch? They need to justify that cost (not native life) is compensate
by huge income. If doesn’t.. blame the usual suspects: the RU. Liars of corp
media will help them. ]]
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If RU got evidence that UKR shot their plane
the month before, then this is tit-for tat
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DEMOCRACY NOW
President Bannon?: Racist,
Islamophobic Breitbart Leader Consolidates Power in Trump White House https://www.democracynow.org/2017/2/1/president_bannon_racist_islamophobic_breitbart_leader
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GLOBAL RESEARCH
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Guess
Who’s Moving Factories to America to Lower Costs… China Seeks A “Made in
America” Label By Yizhu Wang
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COUNTER PUNCH
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Michael J. Sainato Was
Trump’s Muslim Ban his “Shock Event” Diversion?
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Paul Atwood Still
on the Same Path to Armageddon?
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Norman Pollack Curtain
Descending: Fascistization of America
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SPUTNIK and RT SHOWS
Who's Trying to 'Kill' Syrian President Bashar Assad? https://sputniknews.com/middleeast/201702011050240189-bashar-assad-health-rumors/
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Saudis, our demo-rat ally
(9/11) was excluded from T-ban, & welcome to continue terrorism
Are Saudi Jihadis Entitled to a "Safe Zone"? https://sputniknews.com/columnists/201701311050236210-us-saudi-arabia-syria-safe-zones/
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War “on terrorism”
didn’t start yet .. but its profiteers already fishing a lot of money
US Armed Forces Order $1 Billion Worth of Fuel From 14 Companies https://sputniknews.com/us/201702021050261499-us-armed-forces-fuel/
Related
Trump: There Would Be No Daesh Terrorism if US Took Control of Oil https://sputniknews.com/world/201701261050016917-trump-daesh-control-oil/
If they exist is because we gave them not only oil.. but
training, arms, ammunition ..
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The policeman of world oligarchy got a lawyer.. though she
didn’t pass the bar yet
'Most of the Reactions Are in Bad Faith': Le Pen Defends Trump’s Travel Ban https://sputniknews.com/europe/201702021050258179-marine-le-pen-defends-us-travel-ban/
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Kiev Sees Positive Developments at UNSC in Work on Conflict in Eastern Ukraine https://sputniknews.com/world/201702021050261418-kiev-positive-developments-unsc/
RELATED
Feared of Moscow's 'Overreaction', NATO Halts Talks on Missile Defense With Kiev https://sputniknews.com/politics/201702021050260090-nato-ukraine-talks-missile-defense/
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RT SHOWS
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Boom Bust President
Trump takes on Big Pharma not Pfizer in his list.. only words.. may flip it
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WASHINGTON BLOG
Posted on February 1, 2017 by Charles
Hugh Smith
Those who don’t yet understand
our centrally-planned cartel-state system will benefit from reading How Democrats
Killed Their Populist Soul (The Atlantic). I’ve presented related
analyses in three recent essays:
What we’re talking about here is
the Triumph of the Technocrats. There
are multiple levels to this triumph of the technocrat class:
1. The dumbing down of the Technocrat Class via a Higher
Education system that optimizes technocrat specialization at the expense of
real-world business experience and broad-based knowledge.
As a result, the
technocrat class has a very high opinion of its intelligence and judgment
because it has no idea how little it actually knows or understands. It believes
Higher Education’s hype that specialization has given it a superior
understanding that entitles it to control and power.
This overweening
belief in its own superiority sets the stage for hubris and catastrophically
ungrounded decisions.
Need we look any
farther than the invasion of Iraq or the Establishment’s response to the
insolvency of self-liquidating money-center banks in 2008?
The roots of the Technocrat
Class’s hubris and self-congratulatory bias go all the way back to the
1960s-era “whiz kids” described by David Halberstam’s classic account The Best and the Brightest.
⇒ Keep Reading
⇒ Keep Reading
NOTICIAS IN SPANISH
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Más allá del punto de no-retorno Julio César Centeno
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¿Por qué Puerto Rico no debe ser estado de
EE.UU? Roberto Torres
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PRESS TV
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