FEB 22 17 SIT EC y POL
ZERO HEDGE. ECONOMICS
Global Context
Exxon disclosed the deepest reserves cut in its
history as the ongoing rout in oil prices erased the value of a $16 billion
oil-sands investment and other North American assets.
"Our
global credit impulse (covering 77% of global GDP) has suddenly collapsed:
whereas back in Jan '16 the global credit impulse was positive to the tune
of 3.8% of global GDP (of which China comprised 3.5% of global GDP) it has now fallen
back to -0.1% of global GDP."
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As Goldman reports in is quarterly hedge fund
Trend Monitor report, six weeks into the year, the strong equity
market has lifted the average hedge
fund to just a 2% return YTD, once again underperforming the broader market YTD
by more than 50%, while
macro funds have generated a 0% return YTD
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Mother
Nature Massacres Natural Gas Bulls if men v. nature is not hold right; men v men will crash
"It’s been kind of worst-case
scenario for the bulls... Mother nature continues to
be bearish, ultra-bearish... The
utter lack of (heating) demand is, in my opinion, 99.9 percent of the
natural-gas story."
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THE US REALITY
"I'm
dazed & confused...economists and the consensus all
acknowledge 2001 and 2007 were low interest rate, debt driven financial
and economic bubbles. However, somehow today's
even lower interest rate environment resulting in an additional $9.5
trillion in equity valuation from the last bubble peak...this one is legit
and isn't a bubble???"
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March rate hike odds dropped very marginally from before The Fed
minutes (from 38% to 34%) but there is a great reaction in capital markets with
stocks disappointed by The Fed's warnings and bonds
and bullion bid...
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"...the recent increase in equity prices might in part reflect investors’
anticipation of a boost to earnings from a cut in corporate taxes or more expansionary fiscal policy, which might not materialize.... They also expressed concern that the low level of
implied volatility in equity markets appeared
inconsistent with the considerable uncertainty attending the outlook for such
policy initiatives."
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Untying Wall Street from bureaucratic rules is at least heading in the
right direction. But it will only benefit the Main Street economy if Wall Street is doing business
honestly,
facilitating win-win deals by matching real capital up with worthy projects. That, of course, is what it is NOT
doing. It is a Deep State industry aided
and abetted by the Fed’s fake money.
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"...
share prices, in general, operating on the far end of the probability spectrum;
where everything has to go just right in the near future, including whatever
may come out of Trump “stimulus” and economic policies. EPS, however, suggests, as the calculations for
GDP potential, that that would be a very low probability outcome, including a high risk of “something” going wrong all over
again just like it was in 2014."
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So much for concerns that rising rates would
slam the US real estate market.
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According to the latest weekly BofA client data, "smart
money" investors have finally tempered their euphoric optimism, and
last week during which the S&P 500 climbed to another new high, BofA ML clients
took advantage of the surge in "greater fools" and turned net sellers of US equities for the
first time since the week prior to the US election in early November.
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Despite desperate attempts to jawbone March rate-hike-odds higher,
because as Master said last night "we don't want to surprise the
markets", Fed Funds Futures imply just a 36%
chance (down from a week ago).
That suggests, if The Fed is serious about March, that today's minutes must be
spun towards that narrative. Here are
the five key areas to watch for...
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Independent enterprises are a source of political and financial
independence... and any independent class
is dangerous to the ruling elites.
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Our
country is beset by a large number of economic myths that distort public
thinking on important problems and
lead us to accept unsound and dangerous government policies. Here are ten of
the most dangerous of these myths and an analysis of what is wrong with them.
Myth #1 Deficits are the cause of
inflation; deficits have nothing to do with inflation.
Myth #2 Deficits do not have a
crowding-out effect on private investment.
Myth #3 Tax increases are a cure for
deficits.
Myth #4 Every time the Fed tightens the
money supply, interest rates rise (or fall); every time the Fed expands the
money supply, interest rates rise (or fall).
Myth #5 Economists, using charts or high
speed computer models, can accurately forecast the future.
Myth #6 There is a tradeoff between
unemployment and inflation.
Myth #7 Deflation — falling prices — is
unthinkable, and would cause a catastrophic depression.
Myth #8 The best tax is a
"flat" income tax, proportionate to income across the board, with no
exemptions or deductions.
Myth #9 An income tax cut helps everyone
because not only the taxpayer but also the government will benefit, since tax
revenues will rise when the rate is cut.
Myth #10 Imports from countries where labor
is cheap cause unemployment in the United States.
…
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- Euro Slips, Bonds Gain as Investors Turn Cautious (BBG)
- Fed Minutes Could Offer Hints on Timing of Rate Rises, Balance Sheet Moves (WSJ)
- Trump's new security advisor differs from him on Russia, other key issues (Reuters)
- Tillerson, Kelly Head to Mexico for Talks Amid Diplomatic Tensions (WSJ)
- Why Trump’s Immigration Crackdown Could Sink U.S. Home Prices (BBG)
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POLITICS
Mirror,
mirror on the Wall Street; who is the fairest of them all?
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"A government big enough to give you
everything you want, is strong enough
to take everything you have..."
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The
Saudis are furious with the US for not holding up its part of the
petrodollar deal...
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"we
won't let your money be wasted anymore... We have enormous work to do on the national debt..."
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'He,
she, and ze' will be not be happy. The Trump administration is set to revoke President Obama's controversial
transgender bathroom rules.
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WORLD ISSUES and ME
"The message of these exercises ...
for world arrogance is not to do anything stupid," said General Mohammad
Pakpour, head of the Guards’ ground forces. "The
enemy should not be mistaken in its assessments, and it will receive a strong
slap in the face if it does make such a mistake."
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DEMOCRACY NOW
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GLOBAL RESEARCH
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COUNTER PUNCH
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John Grant On Killers and
Bullshitters*
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Kim Scipes Strategic
Thinking and Organizing Resistance
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SPUTNIK and RT SHOWS
Iran Concludes War Drills Promising US ‘Slap in the Face’ https://sputniknews.com/middleeast/201702221050958468-iran-conclude-war-drill-slap/
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China’s Precision-Guided Bombs Get Rocket Booster https://sputniknews.com/science/201702231050961428-china-gives-bomb-rocket-booster/
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Brazil’s
Foreign Minister Submits Resignation https://sputniknews.com/us/201702231050961638-muslim-fundraiser-jewish-cemetery/
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Instead of demanding the dismantling of nuclear weapons…
UN Secretary-General Proposes to Create New Counter-Terrorism Office https://sputniknews.com/politics/201702231050965519-un-new-counterterrorism-office/
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RT SHOWS
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WASHINGTON BLOG
A Gallup poll
released on 20 February 2017 showed that Americans’ favorability
rating of Russia, immediately after U.S. President Barack Obama left office, is
only 28%, which is just above Americans’ 24% favorability toward The
Palestinian Authority, and just below their 31% favorability toward Saudi Arabia.
Russia hasn’t always been rated down in that low league of American popularity.
Back in 2012, before Obama’s second term, that favorability
rating toward Russia was 50%. The year before that, in 2011, it was 51%. It had
been reasonably
stable until Obama’s re-election (except during 1998-2004 when it
gyrated wildly because of Americans’ uncertainty of what the post-Soviet,
post-communist, Russian government was like).
The lowest-ever American
approval-rating for Russia occurred in Gallup’s poll on 8-11 February 2015,
almost a year after the overthrow of Ukraine’s government and the vote of
Crimeans to abandon Ukraine’s government and rejoin Russia, when it was 24%. In
Gallup’s immediate-prior poll, which was taken right before the 20-26 February
2014 overthrow of the Ukrainian government, the Gallup poll on 6-9 February
2014, 34% of Americans had approved of Russia.
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Just as the “war on drugs”
criminalized and destroyed large swaths of African-American and Latino
communities, the “war on cash” will further criminalize the few remaining
avenues to financial independence and freedom. The introduction of
“entitlement” welfare in the 1960s generated a toxic dependency on the state
that institutionalized worklessness, a one-two punch that undermined
marriage and family in America’s working class of all ethnicities.
The “war on drugs”
launched in the 1970s turned millions of American males into felons with
severely restricted rights and opportunities in mainstream America.
Now we see the same destructive
pattern repeating with “disability” being the new “welfare” and “legal”
synthetic heroin (oxycotin etc.) being the new street-smack that lays waste to
entire communities. Once you’re
dependent on the state for disability and synthetic smack, you are owned by the
government, lock, stock and barrel.
When the temptation to sell your
$3 Medicaid prescription for synthetic smack for a quick $1000 becomes too much
to resist, bang, you’ve got a one-way ticket into the Hell of America’s
criminal “justice” system. Do you see
the pattern? Offer the blandishments of “free money” and nearly free synthetic
smack, and the vulnerable populace is quickly reduced to a dependent state of worklessness and
addiction.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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Nicaragua “Daniel Ortega es un tránsfuga
político y la tarea hoy es evitar que consolide su dictadura familiar” Henry Ruiz
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Keiser
report 10135 "Estamos ante una política de
creación de deuda a costo cero a escala mundial"
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PRESS TV
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'Trump's travel ban is psychological op.
It is real.. a friend of my from Guatemala has been captured &
they’re demanding ransom $400 USD for her release. Migra or coyotes.. don’t
matter. S/he suffers..
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US life expectancy falling behind other dev nations?
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‘TRUMP SHAMELESS ZIONIST PRESIDENT’ this
is exact description of Mr T
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‘Israeli
jets hit Syrian army positions near capital’ it is an informal war-declaration
They demand tit for tat .. Just do it : Hit dimona .. otherwise they
will continue
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‘Donald
Trump acts before he thinks’
like most idiots in the casino-market
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