APR 30 17 SIT EC y POL
ND denuncia debacle d Globaliz neoliberal y
propone State-Social + Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal
globalization is over. Financiers know it, they documented with graphics
In the week when it was confirmed
that Q1 was the weakest economic growth for a rate hike period since 1980...
In fact the stunning swing in
sentiment in the last 8 weeks (with almost $62 billion in 10Y Treasury shorts
dumped) is shocking to see, smashing Speculative Positioning from its shortest
ever to its longest in over 9 years...
And perhaps more notably, the aggregate
Treasury futures complex has shifted to a net long speculative position for the
first time since July 2016...
Note that Eurodollar futures
shorts (rate hike bets) did increase modestly this last week (after dropping
the week before).
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If it
looks like a bubble and acts like a bubble, it probably is a bubble...
Asset bubbles too are difficult to define, but I know it when I see it.
Take Robert Shiller’s P/E Ratio
measure for stocks. There
was a Roaring ’20s bubble which burst in 1929 (Black Tuesday), there was the
infamous Dot.com bubble. On March 10, 2000, the NASDAQ Composite peaked at
5,132.52, but fell 78% in the following 30 months.
Now we are seemingly
in yet another stock market bubble and almost at the P/E Ratio level of the
Roaring ’20s bubble (but not near the dizzying heights of the Dot.com bubble …
yet).
Stocks do seem awfully “frothy.” But what about home
prices? The Case-Shiller 20 composite home price index has grown 43.6% since
February 2012. While home prices are not growing as fast as they did
during the home price bubble of the last decade, they are going at a rate that
is twice as fast as earnings (wage) growth.
These certainly look like asset bubbles. If it looks like
a bubble and acts like a bubble, it probably is a
bubble.
“Shhh. Don’t say the word “bubble!”
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"if we tested the Fisher
Model by raising interest rates meaningfully, we’d spark massive defaults.
Unemployment would jump dramatically. In the 30yrs since Greenspan became Fed
Chairman, borrowers have learned this lesson and responded by leveraging up. And that’s why US interest rates will never rise
sustainably above 3.5%."
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It’s
time to throw the sentiment idea in the ash can where it belongs...
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Putting aside the hyperinflationary collapse of Venezuela's black market
Bolivar, the Mexican Peso continues to languish
since Donald Trump was elected
President in Nov 2016 as trade wars and border wall discussion weigh the
currency down. On the other hand, amid economic
stumbles and nuclear armageddon on its doorstep, the Korean Won is
outperforming...
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Vice President Mike Pence
admitted that President Trump’s proposed tax reform -
which has been estimated as adding as much as $7 trillion to the US deficit
over the next decade - may increase the deficit "in the short
term."
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The
Fed’s monetary policy that aims at stabilizing the price level by implication
affects the rate of growth of money supply. Since changes in money supply are not neutral, this means that a
central bank policy amounts to the tampering with relative prices, which leads
to the disruption of the efficient allocation of
resources.
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Forget Trump, forget China, forget oil, forget central banks unwinding
their balance sheets, forget Reuters trial balloons:
there is a far simpler reason why the 'reflation trade' is about to hit a major
pothole.
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The interests of Washington and large
corporations have merged so
completely they are now inseparable.
EXTRACT:
Silicon Valley puts billions into
companies like Uber, AirBnb, Snapchat, and Lyft that lose those billions and
will continue to do so for the foreseeable—and probably the
unforeseeable—future. Private equity shops load up companies with
debt that gets paid out as special dividends to the private equity shops,
leaving the indebted and enfeebled companies unable to compete and the rest of
us wondering how such rape is legal in our rape-conscious age. This recipe for inevitable failure is now playing
out in the beleaguered retail sector, which would be nowhere near as
beleaguered if it wasn’t so beset with debt.
Tesla, a stock market darling
and the quintessence of companies in which failure is the business plan, milks
Wall Street for financing and Washington (and a bunch of state and local
jurisdictions) for subsidies. It has lost billions during its ten years of
existence, but its many admirers sing the praises of CEO Elon Musk, always
using the term “consummate salesman”—perhaps it’s on his business card. Musk
and fan club dream of “the next big thing” and engage in mutual masturbatory
fantasies of transforming the world…and Mars. All this is harmless enough as
fodder for dazzling audiovisual presentations and slick speeches, but downright
dangerous when real billions, private and public, gets sucked in.
Meanwhile,
the corporatocracy crucifies an old-line, profitable corporation, Volkswagen,
that cheated on one of its hundreds of
thousands of regulations. It undoubtedly wasn’t the cheating that got VW in
trouble. Regulations are made to be cheated—it’s impossible to run a business
without doing so—but the proper offerings must be made to the corporatocracy. If that were not
the case, there would be Wall Street, Pharma, and Defense Contractor wings at
federal penitentiaries. VW didn’t kowHow low enough or pay high
enough to the bureaucrats and politicians, who retaliated, probably “nudged” by
a VW competitor.
As a successful businessman,
President Trump knows many of the corporatocracy’s skims, scams, and schemes.
Perhaps that will enable him to keep his pledge and drain the swamp.
However, it’s extensive, fetid, and teems with loathsome creatures, so a bet
he’ll succeed involves exceedingly long odds.
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"Not everyone likes to hear about the threat of nuclear war. Some find refuge in
denial and say that nuclear war is impossible because it makes no
sense. Unfortunately,
humankind has a long record of doing things that make no sense."
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WORLD ISSUES and ME
Global depression is
on…China, RU, Iran search for State socialis+K- compet. D rest in limbo
Japan was a net seller of foreign bonds again
in the past week, divesting another $12bn worth of securities. M\ore
remarkably, the the year-to-date divestment of $66bn in foreign bonds YTD is
the biggest since 2002, the first full year of such data is available.
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The
alleged use of chemical weapons, a particularly odious weapon of mass
destruction (WMD), serves as an effective prop to channel Western public
outrage against Assad. Allegedly
killing civilians with bullets and bombs just doesn’t have the same
psychological power to incite public disgust. Poisoning little children with
lethal chemicals is a more effective label with which to demonize the alleged
perpetrator. But the more
pertinent WMD issue here is Weapon of Mass Disorientation.
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GLOBAL RESEARCH
Global Econ-Pol
crisis leads to more business-wars:
profiteers US-NATO under screen
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INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
"If You Take East-Syria, I'll Take That
Yemeni Port" By Moon Of
Alabama
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Prez Trump: You Can't Fight the Whole World By Eric Margolis
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What Corporate Media Never Tells You About
North Korea By Joe Clifford To suggest North Korea is a
“threat to the US” or the “world” is either stupidity, or an outright lie
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The Relentless Push Towards War By Chris Martenson "Once weapons were
manufactured to fight wars. Now wars are manufactured to sell weapons."
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America’s Financial War Strategy By Alasdair Macleod
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Who Is Behind the State Department's Coup
Plot in Venezuela? By Misión
Verdad
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
Are we already under
fascistic regime?
US Government Denies Basic Constitutional Rights to Imprisoned Journalist https://sputniknews.com/world/201704301053157971-us-government-basic-rights-journalist/
RELATED
1 VIDEO: Paroled journalist Barrett Brown re-arrested for talking to
media – lawyer Video URL: https://youtu.be/ujzr93_WTHA?t=28
…
2 Sound Cloud: Conversation
with director of halfway house and case manager
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US Vice President Christens Attack Submarine, Calls for More Military Cash https://sputniknews.com/military/201705011053159982-pence-seeks-more-military-cash/
INFO: MILITARY & INTELLIGENCE
What
Leadership Looks Like? US Vice President Christens Attack Submarine, Calls for
More Military Cash On Saturday US
Vice-President Mike Pence christened the United States Navy’s newest
Virginia-class fast attack submarine USS Indiana, and made remarks asking
Congress to approve US President Donald Trump’s request for an additional $30
billion for US war efforts overseas.
So, it is false that
the US is being supported by NATO allies in this stupid adventure.
RELATED 1 What experts say on this “inversion” on war?
US Military Spending Boost Has Potential to Upset Existing Global Balance https://sputniknews.com/politics/201703031051249190-military-spending-increase-effect/
RELATED 2 WHO profit from this nasty adventure?
More Money: Lockheed Gets $11 Million for Additional Tests of F-35 Fighter https://sputniknews.com/us/201703031051219126-lockheed-f35-tests/ Read also: Brian
Cloughley Who
Benefits From Prolonged Warfare?
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RT SHOWS
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Keiser Report Episode
1064 Max and Stacy also discuss global debt exploding to 325 % of global...
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WASHINGTON BLOG
Flash points on US
politics: internal contradict.. Hugh Smith good articles reproduced
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
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Keiser
Report 1064 "El terrorismo financiero es
una realidad"
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PRESS TV
Global situation
described by Iranian observers.. Titles often distorted by ISR-Mossad
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Israel troops break up sit-in
protest held in solidarity with hunger strikers
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Germany’s Merkel tells Saudis to
stop war on Yemen as arms sales go on
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Axis
of terror sponsorship [ in such axis may
be: US, Israel, Saudis and Qatar ]
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