APR 5 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
The weakness in the dollar meant that everyone's favorite
market-influencing carry pair would likewise suffer, and after breaking out
above 111, the USDJPY tumbled as low as 110.70 once again threatening the key
110 support level.
As for stocks, with the most shorted universe soaring
in early trading, dragging the Russell higher, this too
was pummeled on all sides after the Fed's stark warning, prompting an
accelerated liquidation of the most overvalued stock group, as shorts
reasserted themselves.
SEE ALL GRAPHICS AT: http://www.zerohedge.com/news/2017-04-05/stocks-tumble-fed-spooks-traders-bubble-warning
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Those
who are baffled by productivity never bothered to put their theories to
rudimentary tests. Greenspan is correct that social benefits crowd out genuine investment; thus, those
proposing some sort of guaranteed minimum living wage are totally off base.
Entitlements are already a massive problem, let’s
not make them worse. Massive handouts have never solved any
economic problems, and never will.
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If you prefer fake news, fake
data, and a fake narrative about an improving economy and stock market headed
to 30,000, don’t read this fact based, reality check
article.
The narrative is fake news, as
corporate profits have been stagnant for the last five years, as the market has
advanced by 70%.
The truth is, this entire bull
market has been generated through financial engineering. A critical
thinking individual, which eliminates all CNBC bimbos/talking heads and Ivy
League educated Federal Reserve schmucks, might ask how reported corporate earnings per share since 2009 have risen by 221%
when corporate revenues have only risen by 28%. That’s quite a feat –
creating fake earnings without increasing revenue. It’s easy when you implement
a three pronged scheme to manufacture a phony economic
and stock market recovery.
Step one was to “temporarily”
repeal FASB Rule 157 in March 2009 so banks could value their toxic real estate assets at whatever price
they chose. Step
two was for the Federal Reserve to buy $3 trillion of toxic worthless assets
from the criminal Wall Street banks at 100 cents on the dollar and stick them
on their own insolvent balance sheet.
Step three was breathing life
into failing corporations with unnecessarily low interest rates. The Fed’s 0% interest rates allowed Wall
Street banks to generate billions in risk free profits by depositing reserves
at the Fed. ZIRP also allowed insolvent
financial firms, underwater real estate developers and zombie
retailers to refinance their massive levels of debt at ridiculously low
interest rates – eliminating the market clearing creative destruction that
happens in free markets. Corporations also used off-balance sheet
shenanigans to suppress leverage levels and boost earnings.
Lastly, S&P 500 companies
embraced the benefits of globalization by off-shoring millions of jobs to slave
labor camps in the Far East, drastically reducing their cost structures and
boosting earnings. These
same corporations used the BLS fake inflation data as the reason to suppress wage
increases for their employees at a 2% level, further boosting earnings.
The following chart sheds some
light on this “fundamentally” driven bull market.
S&P 500 companies have bought
back $500 billion in stock in the last two years, and $2.1 trillion since 2010.
Until recently, individual
investors have been net sellers for the last eight years
After you’ve run out of
accounting gimmicks, refinanced all your debt, and outsourced as many jobs to
the third world as possible, how else can you make your earnings per share
rise? Why invest your money in
capital, innovation, research or human resources to grow your sales, when you
can just buy back your own stock and goose earnings per share the easy way
But it gets better. Since 2009
over $1 trillion of debt was taken on by S&P 500 companies just to buyback
their own stock. The narrative about corporations being flush with cash is
complete bullshit.
KEEP READING
>>>
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Stick a
fork in the soft-data decoupling.
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The
scorching ADP print may have brought another life into the reflation trade this
morning, with TSYs dropping and the dollar rising, pushing S&P futures
higher, but that may not be sufficient according to SocGen's Kit Juckes.
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"This is what makes today’s
move in US rates after the strong headline ADP print so remarkable and FURTHER
anxiety-inducing for said ‘reflationistas.’ Treasuries
suddenly cannot sell-off."
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While
the latest Gundlach presentation was largely a rehash of previous discussion
topics, he made several notable observations, summarized in the following three
charts.
Gundlach, made several notable comments. The first was that his outlook on inflation may be
supportive of bonds as "the reflation narrative may be fading" and
inflation globally has peaked. "With inflation
falling in the months ahead, pressure for higher yields is reduced," Gundlach
told Reuters after the webcast. "The bear case will need another narrative
because CPI (the consumer price index) will be back
below 2 (percent)."
Gundlach said that he still
favors non-U.S. stocks over U.S. equities because of the huge run-up in US
indexes. As evidence of the overvaluation of US stocks, Gundlach pointed to the
outlier signal sent by the Price to Sales ratio in the
S&P, which is fast approaching 2 standard deviations from the mean, a level which led to a crash during the dot com bubble.
Finally, while Gundlach said he does not expect a
recession, he warned that there is one chart that is
ringing alarm bells, namely the ratio of corporate debt as a % of GDP which is
now at previous recession highs.
Gundlach's full presentation
can be found here.
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In 2016, the US Fortune 500 companies generated $12 trillion in
combined revenue, accounting for over two-thirds of US GDP, and employed 27
million people worldwide... 38%, saw their revenues decline.
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Following
weeks of utter comaplcency,
there are signs that investors are beginning to hedge for potential U.S. stock swings
around France’s presidential ballot.
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It's been more than seven years since the 'great recession' officially
ended, but while Fed policies have successfully generated massive asset bubbles
which have accrued solely to the benefit of America's wealthiest, the majority of American families remain as vulnerable to
financial disaster as they were during the height of the crisis.
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The wise approach forecasting
the future with a profound humility,
while the soon to be bankrupted foolish are confident
in their grasp of what's knowable, unknowable and predictable.
POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
It was a one-two knockout punch for anyone
still holding out hope that Trump's domestic economic policies will take place
in the near, or not even so near, future.
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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
Trump know that attacking Assad
in alliance with Israel & Saudis is an attack on RU-Iran
“I do change. I am flexible. I am proud of that flexibility. I will
tell you that attack on children yesterday had a big impact on me. Big impact.
It was a horrible, horrible thing. I've been watching it and seeing it, and it
does not get any worse than that. And it is very, very possible, and I will
tell you it is already happened, that my attitude
toward Syria and Assad has changed very much.”
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European stocks rebounded after a downbeat
start, aided by a return to the post-Euro open momentum ignition in the USDJPY
while Asian stocks rose after China shares surged 1.5%, the most since August.
For now S&P futures are fractionally in the red, although we expect them to
turn progressively higher as US traders get to their desks to frontrun the now
traditional "post open" ramp.
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DEMOCRACY NOW
US politics crisis:
Trump captured by Deep state to reproduce old cronyism without alter-plan
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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
Media Goes Quiet as Russia Exposes US Lies at
Security Council By
Richard Brandt
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It's WMD All Over Again. Why Don't You See
It? By
Peter Hitchens
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The Trump Administration Goes Neocon-crazy By The Saker
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Trump’s Plan For Syria, Iraq Is Taking Shape By Whitney Webb
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Why U.S. Troops May Fight Alongside al-Qaeda
in Yemen By
Michael Horton
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Love and Western Nihilism By Andre Vltchek Sometimes people don’t want to hear the truth because they don’t want
their illusions destroyed
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ZCOMM.ORG/ https://zcomm.org/all-types/ &
COUNTER PUNCH
CP Though fake
academicism (no thesis at front) it provides some good arts on Econ n Polit
Noam Chomsky: Trump’s First 75 Days & More
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Michael Arria: Sanctuary Movement Growing
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Vijay Prashad: Forgotten Americans
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Ajamu Baraka The
Black Alliance for Peace: 50 Years Later, We Must Again Confront and Reject
U.S. Warmongering
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Paul Craig Roberts World’s
Best Economist Tells All!
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
Why Accusations of Chemical Weapons Used by Syrian Army 'Not Supported by Facts' https://sputniknews.com/middleeast/201704051052334782-idlib-chemical-attack-no-facts/
RELATED 1
Hasty Judgment About Alleged Idlib Attack Made Despite Inquiry Just Beginning https://sputniknews.com/politics/201704051052333343-idlib-chemical-attack/
RELATED 2
Chemical Weapons Attack on Idlib: Why Questions Need to Be Asked https://sputniknews.com/analysis/201704051052330649-syria-chemical-attack-idlib/
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Russia Warns Against Laying Blame for Suspected Chemical Attack on Damascus https://sputniknews.com/middleeast/201704061052341541-russia-against-blame-damascus-idlib-attack/
RELATED 1
Idlib Chemical Attack Staged to Blame Damascus – Syrian Lawmaker https://sputniknews.com/middleeast/201704051052337497-idlib-chemical-attack-staged/
RELATED 2
Russia Submitted Draft Resolution on Probing Syria Chemical Attack https://sputniknews.com/politics/201704051052337321-russia-draft-un-resolution-syria-chemical-attack/
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US SELLING WMD continue… we sold to Sadam the chemical
used in Iran & then blame the victim
Lockheed Gets $129Mln Contract to Address F-35 Jet’s Processor Problems https://sputniknews.com/military/201704061052344226-lockheed-martin-address-f-35-problems/
Related
Boeing Pitches ‘Super’ Super Hornets to Replace F-35 https://sputniknews.com/military/201704051052337374-boeing-pitches-super-hornet-f35/
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US General: Preemptive Strike May Be 'Only Option Left' With North Korea https://sputniknews.com/military/201704061052343316-north-korea-us-military-strike/
Preemptive strike will bring the US to stone age.. Why?
because that is a war on China-RU
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After Election Defeat, Hillary Clinton Unlikely to Return to Family Foundation https://sputniknews.com/us/201704061052338789-hillary-clinton-unlikely-return-foundation/
RELATED 1
PodestaEmails: Clinton Foundation’s Money Used for Financing Chelsea’s Wedding https://sputniknews.com/us/201611061047120487-clinton-foundation-chelsea-wedding/
RELATED 2
LockThemUp: What Went Wrong for Clinton Foundation's HIV/AIDS Initiative https://sputniknews.com/politics/201703101051454217-clinton-foundation-hiv-aids/
Charles Ortel told Sputnik: There is no evidence that can be verified
that their 'international' charity ever
lawfully provided any help to victims of HIV/AIDS anywhere, he stressed.
Instead Clintons said LockThemUp
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RT SHOWS
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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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Subimperialismo I: revisión de un concepto Claudio
Katz
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PRESS TV
Global situation
described by Iranian observers.. Titles often distorted by ISR-Mossad
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Russia
vows to stand by Syria in anti-terror battles
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Russia,
West trade barbs at UN over Syria attack
in UNSC meeting
Russia denounced as “unacceptable” the Western-proposed
draft resolution
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