MAY 19 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
As President Trump jets towards The Middle East
leaving behind him a wake of headlines from the mainstream media, we suspect
this will help him sleep..
Let's start with
this...
- BULLARD SAYS DATA SINCE MARCH FOMC HAS BEEN RELATIVELY WEAK
Umm yeah
US Macro data disappointed for the 9th straight week - well below the election lows, this is
the weakest and most disappointing data
since May 2016 (and the biggest drop since March 2015)
While the Treasury
curve steepened very modestly today, the
week saw the biggest flattening of the year...and is now flatter than before
the election
The Dollar Index also saw a big drop this week - worst week for dollar since July 2016, back
to pre-election levels...
Quite a week for Short-term VIX.. it's great surge in history
and greatest crash...
Bonus Chart:
Fun-Durr-Mentals...
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What we're really discussing is what will
replace the current system after it
self-destructs.
Thank you, D.L.J. and Harun. Is there an alternative to the present system of debt serfdom and
rising inequality?
Yes, there is, one I describe in my book A Radically Beneficial World: Automation, Technology &
Creating Jobs for All. But is an alternative system
possible? Not in our Financialized, Neofeudal-Neocolonial Rentier
Economy; but this doesn't mean the status quo is permanent. As Harun noted in another email,
"Governments cannot reduce their debt
or deficits and central banks cannot taper. Equally, they cannot perpetually
borrow exponentially more. This one last bubble cannot end (but it must)."
Here is federal debt,
topping $20 trillion and soaring to the moon:
What we're really discussing is
what will replace the current system after it self-destructs.
…
SOURCE http://www.zerohedge.com/news/2017-05-19/want-understand-rising-wealth-inequality-look-debt-interest
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After
reaching a record market cap of $74.1 trillion this week, global equities saw
almost $1 trillion evaporate in a single day...
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Did the "all
stimulus is fungible" message just shift?
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"Markets can trend, range
trade, and correct. But one thing they can’t do under the current scenario is
time-correct. The minute they stop moving, a
powerful, even if short-lived, impulse takes over to reevaluate, cherry-pick
and average down."
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"The market will always tell you when you are wrong..." [ Yea sure ]
Here the readings for
this weekend
Politics/Fed/Economy
- The Running Of The Bull Mouths by Danielle Dimartino-Booth via MoneyStrong
- Trump Woes Not Driving Markets by Edward Harrison via Credit Writedowns
- Household Debt Hits New Record by Tyler Durden via Zero Hedge
- “Look Ma, No Hands!” by David Stockman via Daily Reckoning
- Fed Is Wrong To Obsess About Wages by Caroline Baum via MarketWatch
- Bogus CPI Data Won’t Slow The Fed by Lee Adler via Daily Reckoning
- GOP May Have To Vote On Health Care Again by Bob Bryan via BI
- 6 Long-Term Economic/Investment Themes – Part 1 by A. Gary Shilling via Bloomberg
- 6 Long-Term Economic/Investment Themes – Part 2 by A. Gary Shilling via Bloomberg
- Worst News For Economy Coming From Banks by Jeff Cox via CNBC
- Trump Waging War On Working Class by Robert Borosage via The Nation
- Fed Is Making A $2 Trillion Mistake by Narayana Kocherlakota via Bloomberg View
- Inflation Not Cooperating With Fed by Tim Duy via Fed Watch
- Orwellian Monetary Policy by Macromon via Global Macro Monitor
- American Dystopia Didn’t Begin With Trump by Darrell Delamaide via MarketWatch
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Markets
- Evercore: Don’t Expect To Be Bailed Out By The Fed by Tyler Durden via ZeroHedge
- History Suggests Investors Should Be Way More Cautious by Paul Brandus via MarketWatch
- The Big Picture by Ray Dalio via Linked-In
- Signs Point To Equity Under Performance by Bryce Coward via Knowledge Leaders
- Get Ready For Lower Market Returns by Michael Santoli via CNBC
- Elevated Stock Prices Are Here To Stay by John Coumarianos via MarketWatch
- Fell On Black Days by Eric Parnell via Seeking Alpha
- Is This The End Of The Trump Rally by Michael Kahn via Barron’s
- The VIX Article No One Will Like by Kevin Muir via The Macro Tourist
- Unusually Low Volatility Dangerous For Stocks by Mohamed El-Erian via Bloomberg
- An Eerie Similarity To 2007 by Doug Kass via Real Clear Markets
- Please Don’t Repeal To-Big-To-Fail by USA Today
- Markets Don’t Know What To Expect by Dan Kern via US News & World Report
- Sell-Off As Much About Earnings As Trump by Howard Gold via MarketWatch
- A Setup In Place For A Pullback by Avi Gilburt via MarketWatch
- Staying Stuck by Jeffrey Snider via Alhambra Partners
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Research /
Interesting Reads
- Used Car Values Sink by Wolf Richter via Wolf Street
- Dalbar 2016: Investors Remain Own Worst Enemy by Tom Allen & Mark Hebner via IFA.com
- CAPE, Why Hast Thou Forsaken Me by Meb Faber via Faber Research
- Time To Drop “Thought Leader” From Your Resume by Simon Constable via Forbes
- The Time Seems Very, Very Different by Denis Ouellet via Edge & Odds
- The Pig Has Exited The Python by Mark Hanson via MHanson.com
- Financially Stressed Prefer Saving by Jim Norman via Gallup
- Rich Retirees Hoarding Cash Out Of Fear by Ben Steverman via Bloomberg
- Here’s What A Tesla Roof Will Cost You by Stacey Leasca via Forbes
- Hidden Debt & Deficits – 2017 by Joshua Rauh via Hoover Institution
- Factor Tilts Are Not Smart Beta by Rob Arnott via Research Affiliates
- Investors Pay Twice For High P/E’s by John Hussman via Hussman Funds
- Emerging Markets At A Crossroads by Dana Lyons via Tumblr
- Investors Better Hope This Time Is Different by Jesse Felder via The Felder Report
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"Notwithstanding my personal affection
for Director Comey, I thought it was
appropriate to seek a new leader..."
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DEEP STATE The
Real 'Monster' Eating The Nation
"The colossal security apparatus of this country has become a monster eating
America... the Deep State’s main motive is moving heaven and
earth to dump Trump... But when they do, of course,
they are libel to foment an
insurrection every bit as ugly as the dust-up that followed the shelling of
Fort Sumter."
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In a surprisingly candid discussion of the recent economic slowdown,
St. Louis Fed president said growth is unlikely “to move meaningfully” this
year from the current trend of about 2% and that inflation expectations “have surprised to the downside.” adding that financial market readings since the March
decision have been opposite of expectations. "This may suggest
that the FOMC’s contemplated policy rate path is overly
aggressive relative to actual incoming data."
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The Death
Of The Virtuous Cycle …SECESSION,
separatism, split .. whatever you called
Most Ph.D. economists, including those at the
Federal Reserve, have convinced investors, policy-makers and U.S. citizens that durable economic growth stems from debt-fueled consumer
spending. This is not only a
patently false claim, but it has immense implications
for investors...
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They found that the tone of some outlets was negative in as many as 98% of reports,
significantly more hostile than the
first 100 days of the three previous administrations...
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Former FBI Director James Comey has agreed to
testify before the Senate Intelligence Committee in open session,
Senators Richard Burr and Mark Warner announced on Friday. In a statement
released late on Friday, the committee said the open
hearing will be scheduled after Memorial Day.
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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
"The US model represents Western democracy, but it is crumbling, and the
resulting social division has become
more and more serious..."
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"If this goes to a military solution, it's
going to be tragic on an unbelievable scale. So our effort is to work with the
U.N., work with China, work with Japan, work with South Korea to try to find a
way out of this situation."
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WHO KILLED SETH RICH?
"WikiLeaks
informer Seth Rich murdered in US but MSM was so busy accusing Russian hackers
to take notice."
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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
Who killed Seth
Rich? The Russia hacking fiasco is a
regime change operation.
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This is why Trump
will be broken and/or removed as President of the US
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Trump has entered into a high-stakes gamble in confronting
the Deep State and its media allies
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Robert Mueller, participated in covering up the pre 9/11 role
of the U.S. intelligence agencies, helped create the post 9/11 national
security/surveillance state.
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Comey has his own
history of eroding civil liberties and maintaining the police state.
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WikiLeaks' Julian Assange Declares Victory After
Sweden Drops Rape Probe
By F. Brinley Bruton , Mo Abbas and Corky Siemaszko
By F. Brinley Bruton , Mo Abbas and Corky Siemaszko
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COUNTER PUNCH
Charles Pierson Trump’s
First Hundred Days of War Crimes
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Andrew Levine Legitimation
Crises
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Robert Fisk The
Real Aim of Trump’s Trip to Saudi Arabia
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Sheldon Richman The
Real Danger From Trump is Ignored
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David Rosen Politics
and the Agent of Social Change
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Charles R. Larson Review:
Allan Lichtman’s “The Case for Impeachment”
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
NICE way to say: You
fit our plans, thanks.. Though we gona kill you all, again
‘Trust’ Us: Tillerson Urges North Korea to Back Off Nuke Program https://sputniknews.com/politics/201705191053797750-tillerson-tells-pyongyang-trust-us/
On
Thursday, US Secretary of State Rex Tillerson implored North Korea to help
foster an atmosphere conducive to talks by ceasing its ballistic missile and
nuclear weapons tests, asking them instead to “trust” the US’ pledge of no
hostility.
RELATED 1
Rex Tillerson testifies during a
confirmation hearing
The secretary of state
also said that Pyongyang shouldn’t question the US’ intentions "through
back channels," as Washington intends to communicate
with the country through public channels.
RELATED 2
Pentagon’s Syria Strike Spurred North Korea to Prep for US Missile Attack https://sputniknews.com/asia/201705181053756624-dprk-prepares-for-us-attack/
Following
last month’s missile attack on a Syrian government airfield ordered by US
President Donald Trump, North Korea is making [assumptions] preparations? for a
similar attack from Washington. Pyongyang is reportedly repairing walls so its
gallery positions will be shielded against air raids.
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The US business of selling weapons became nasty.
Investigation (probe) said so
Canada Warns it May Cancel $2 Billion Super Hornet Buy Over Boeing Probe https://sputniknews.com/military/201705201053800019-canada-boeing-bombardier-probe/
Ottawa
may cancel its planned purchase of 18 Boeing F/A-18 Super Hornet fighters over
an investigation against Canadian plane maker Bombardier, initiated by its US
rival, Boeing.
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VEN IN THE EYES of US WEAPONS:
Hace
tiempo Maduro debió haber cerrado la Embajada, USAID y otras agenc usadas para
financiar rebeliones. Totalmente evidente el interés USA por controlar los
nuevos yacimientos de gas de VEN.
Maduro Tells Trump to ‘Get Hands Off’ Venezuela as Tensions Rise https://sputniknews.com/latam/201705201053800359-maduro-bashes-trump-venezuela-meddling/
Nicolas
Maduro bashed his US counterpart Donald Trump telling him to stop meddling in
the country’s home affairs.
VEN
necesita urgente el apoyo de Rusia y China. De lo contrario, será bombardeada
desde COL y la selva peruana donde acaban de instalarse. Inventaran cualquier
pretexto para bombardear y luego invadir
VEN. La OEA ha sido ya preparada para apoyar este ataque. La ONU callará.
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EL
TEATRO TRUMP-COMEY on Rusia. Solo alimenta la infundada RU-fobia a favor del WW3
Says Who? WaPo, NYT Blast Trump on Comey, Russia Through Anonymous Reports https://sputniknews.com/us/201705201053801218-wapo-nyt-trump-anonymous-comey/
The
White House says that Trump fired Comey for investigating him on alleged
ties to Russia.. that is absurd. “The investigation would have always
continued, and, obviously, the termination of Comey would not have ended
it,” White House Press Secretary Sean Spicer said Friday.
RELATED
Leaks on Trump Sharing Info With Russia Put US Security at Risk – McMaster https://sputniknews.com/us/201705161053669072-mcmaster-press-briefing/
National
Security Adviser Herbert Raymond McMaster is holding a press briefing. McMaster
will speak about media reports that Trump allegedly passed secret info to
Russian Foreign Minister Sergei Lavrov.
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There are global problems to face together & US
wasting time in promoting pro-WW3 debates
Global Doomsday Seed Vault Almost Flooded as Arctic Melts
https://sputniknews.com/world/201705201053801351-doomsday-seed-vault-flooded/
The
Svalbard Global Seed Vault, the last-resort storage site for seeds designed to
protect global plant biodiversity in the event of a planetary disaster or
nuclear war, was almost flooded because of extremely high temperatures in the
Arctic.
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RT SHOWS
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Keiser Report Episode
1072 Max and Stacy discuss the big
profits being made by companies whose corporate executives visit the White
House.
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WASHINGTON BLOG
Flash points on US
politics: internal contradict.. Hugh Smith good articles reproduced
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A media mini-industry touts
Scandinavia’s “happiness” as the result of its high-tax, generous welfare
state-capitalism. This mini-industry conveniently fails to report the soft
underbelly of Scandinavia’s “High-Tax Happy-Capitalism”: The high-tax, generous welfare model is just as
dependent on unsustainable credit bubbles as every other version of
state-capitalism.
The glossy surface story goes
like this: state-capitalism creates a happy, secure society if taxes
are high enough to fund generous social welfare benefits for everyone. People
are happy to pay the higher taxes because they value the generous benefits they
receive.
The story has an implicit message: every state-capitalist society could become happy if only
taxes were raised high enough to fund generous social welfare for all. There are many versions of this narrative, for
example, the appealing (but financially impractical) “tax the robots” funded
Universal Basic Income (UBI) that I have repeatedly debunked.
Put another way: state-managed
capitalism works just great if high earners and companies pay high enough taxes
to fund a rebalancing of wealth and income via social welfare transfers.
The reality is quite different
from this glossy PR narrative. The Scandinavian economies have
pursued the same unsustainable debt-bubble “fix” for their structural insolvency
as other state-managed nations.
As the charts below reveal, the
“happy” Scandinavian nations are now dependent on unprecedented debt/housing
bubbles inflated by extreme monetary stimulus. The script is the
same as in every other monetary “experiment” intended to create the illusion of
solvency in an insolvent system: lower interest rates to zero (or below-zero if
you’re really desperate), juice the financial system with liquidity/ easy
credit, and base your measures of financial “health” on housing bubbles and
other debt-based gimmicks. (Charts
courtesy of the Acting Man blog)
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
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La relevancia contemporánea de Marx Claudio Katz
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Impeachment contra Temer: “es el fin
del gobierno ilegÃtimo" Vanessa
Martina
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Que ocurre en Venezuela a propósito
de la Constituyente Liga
Unitaria C S
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Los nuevos rostros del fascismo Régis Meyran
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Keiser
Report 1072 Visitar la Casa Blanca o cómo
"meterse de lleno en la corrupción que hay en el Congreso"
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PRESS TV
Global situation described by Iranian
observers.. Titles distorted n incomplete sentences
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