MAY 24 17 SIT EC y POL
ND denuncia debacle d Globaliz neoliberal y
propone State-Social + Capit-compet in Econ
The Big Picture Richard
Wolff – America’s social safety net at risk
MUST WATCH VIDEO! Open:
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ZERO HEDGE ECONOMICS
Neoliberal
globalization is over. Financiers know it, they documented with graphics
What do
we call a status quo in which "emergency measures" have become
permanent props? A failure. The "emergency" responses to the Global
Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone
knows what would happen if the deficit spending, money-printing, zero interest
rates, shadow banking, asset purchases by central banks and all the rest of the
Keynesian Cult's program stopped: the status quo falls apart.
Here only few
extracts:
Oops! The Flood of Money and
Credit Didn’t Fix the Economy
The post-credit/asset
bubble crashes in 2000 and 2008 and the state/central-bank responses--fiscal and monetary stimulus, a.k.a. flood the land with
borrowed money—seemed to confirm the Keynesian world-view: marginal
borrowers, lenders and collateral all went south and the stimulus restored
animal spirits, which promptly inflated a new
credit/asset bubble.
But this time around, the drought never ended, no matter how much money was poured into the
economy, and the earnings of borrowers stagnated or
declined.
Federal debt has more
than doubled just since 2009 (and tripled since 2001) as the government flooded
the land with fiscal stimulus:
Central banks have flooded the global economy with trillions
of dollars, euros, yen and yuan, and continue to do so to the tune of $200
billion per month. See graph
Meanwhile, wages are
stagnant or declining for the vast majority of wage-earners—even the highly
educated:
Household income has fallen across the board:
Clearly, fiscal and monetary stimulus policies that were
supposed to be temporary are now permanent. That isn’t what was supposed
to happen.
…
Source: http://www.zerohedge.com/news/2017-05-24/keynesian-cult-has-failed-emergency-stimulus-now-permanent
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"Although the data on aggregate spending
and inflation received over the intermeeting period were, on balance, weaker than participants expected, they
generally saw the outlook for the economy and inflation as little changed and
judged that a
continued gradual removal of monetary policy accommodation remained
appropriate."
Slowing money supply and credit growth and
historically extremely high stock market valuations far more often than not turn out to be uneasy bedfellows. In fact, usually the latter will
eventually fall out of bed. Circumspection
remains advisable.
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"Probably nothing?..."
Small-cap stocks briefly erased gains, with the Russell 2000
plunging 0.4 percent in less than a minute as volume exploded... See graph
As Bloomberg notes, about 3.84 million shares traded in the
benchmark index at 11:51 a.m., more
than 10 times the volume in the previous minute. See graph
Trading also surged in futures, with more than
10,000 contracts changing hands between 11:50 and 11:53, 58 times the volume in
the previous three minutes. See graph
Mini futures on the Russell 2000
Index fell about 9 points 1,375.9 in a few seconds, while the iShares
Russell 2000 ETF slid more than half a percentage point to $137. See graph
HOW LONG BEFORE FAITH IN THE ETF
'CDO' FAILS?
To see all graphs open: http://www.zerohedge.com/news/2017-05-24/russell-2000-flash-crashes
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A new report from the Hoover Institution reviews, in detail, 649 state,
county and local pension systems in the United States and ranks them based on
funding status and impact on local budgets. What it reveals is a hidden taxpayer debt burden, in
the form of underfunded pensions liabilities, totaling over $3.8 trillion.
But when it comes to pension underfundings relative to county
revenue sources, California clearly 'wins' the day with 10 of the worst 11
counties based in Cali.
Here only 1:
When it comes to
pension underfundings relative to county revenue sources, California clearly
'wins' the day with 10 of the worst 11 counties based
in Cali.
..
See all of them at: http://www.zerohedge.com/news/2017-05-24/six-terrifying-graphs-simplistically-summarize-americas-public-pension-crisis
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Following yesterday's collapse in new home
sales, NAR reports that existing home
sales in April also disappointed - dropping 2.3% (and March revised
lower). This drop happens as median
home prices spiked 6.0% YoY to record highs as sales declines are blamed
once again on a lack of supply (forget affordability?).
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
" Everything that you’ve been told, as well as sold, about social media
as it is currently argued and used, along with why the companies or
platforms that supply it should be valued not just mere $Billions, but rather
$10’s and $100’s of Billions is over. The signs are
there for anyone paying attention..."
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Something stinks here.
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As the mainstream media and the original
Affordable Care Act (ACA) architects attempt to saddle the Trump administration
with the blame for Obamacare's epic implosion, we thought these two charts, which highlight the staggering increases in
premiums from 2013 through 2017, were a timely reminder that Obamacare's 'implosion'
occurred long before people even thought Trump had a shot at the White
House.
RELATED
The CBO has finally scored the House-passed healthcare bill, H.R.1628
(which as a reminder remains DOA in the Senate), and finds modest improvement relative
to its last scoring of the proposed Healthcare bill as of March 23. Here
are the apples to apples comparisons with the last proposed version of the
bill...
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Only 51
percent of black adults reported having some form of work in Illinois, highlighting
an economic crisis that far too few political leaders are talking about... Black employment is
still down 5.1% compared with its pre-recession high.
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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
Iron ore led a slump in
industrial commodities after Moody’s Investor Service downgraded China’s credit
rating and warned that the country’s
debt position will worsen as its economic expansion slows. However, one glance
at the divergence between industrial metals' collapse and the sudden buying panic in Chinese stocks confirms
what Asher Edelman noted yesterday about the US markets, China's so-called "National Team" was clearly
intervening...
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"I think he saw children—Muslim
children—dying everywhere, and wanted revenge. He saw the explosives America
drops on children in Syria, and he wanted revenge,” Salman Abedi's
sister said. “Whether he got that is between him
and God."
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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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Economist Joseph Stiglitz: Trump's Budget Takes a
Sledgehammer to What Remains of the American Dream
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GLOBAL RESEARCH
Global Econ-Pol
crisis leads to more business-wars:
profiteers US-NATO under screen
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Lockheed
Martin, Boeing and Raytheon are the Big Winners in Saudi Arabia’s Massive
Military Buildup By Dave Majumdar,
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COUNTER PUNCH & ZC
ZCOMM.ORG/ https://zcomm.org/all-types/
Daniel Read Powder
Keg: Manchester Terror Attack Could Lead to Yet Another Resurgence in
Nationalist Hate
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Binoy Kampmark Return
to Realpolitik: Trump in Saudi Arabia
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
Manchester Bomber Reportedly Linked to Major Daesh Recruiter in Britain https://sputniknews.com/europe/201705251053959506-manchester-bomber-link-daesh-recruiter/
Manchester Arena bomber Salman
Abedi was reportedly linked to a well-known Islamist recruiter in the United
Kingdom who had convinced hundreds to join, media reported Wednesday.
RELATED
Manchester Attack: New York Times ‘Undermines’ Counter Terror Investigation https://sputniknews.com/europe/201705251053957911-manchester-attack-newyorktimes-undermines-terror/
[[ Si de opiniones se
trata esta es la mia: No hay ninguna evidencia de que el muerto que plantaron –-el
libio Salman Abedi, con “antecedentes terroristas”, sin mencionar que fue una
agencia británica quien lo reclutó y entrenó-- fue realmente el autor del
crimen.
Todo lo que se dijo de él es algo de
lo que sabían de él, pero mucho de lo
que se dijo al MSM es falso. Eso fue un ensayo de fake eficiency, que en nada ayuda a impedir otros actos terroristas de
británicos que trabajaron junto al ISIS y Al Qaeda en Syria.
Esos mercenarios fueron abandonados a
su suerte cuando regresaron al país luego de la derrota que sufrieron en Syria.
Eso les creo traumas letales difíciles de superar sin ayuda de especialistas en
recuperación psicológica.
El aparato de seguridad perdió control
sobre ellos (a quien si controlaban, se sospecha lo asesinaron); del resto solo
se sabe que están siendo buscados.
De aquí la sospecha de nuevos actos
terroristas en el UK y en el US. Pero el US si tiene donde usar esa carroña, el
plan de guerras es vasto. No así el UK, hoy abocado a las elecciones y a construir
el sistema post EU.
Alguien les tornó carísimo el Brexit. No se puede
sospechar de RU, tiene que ser alguien de NATO, incluyendo Israel y Saudis.
Este es un acto terrorista horrible,
sin duda profesional, como el 9/11. Espero este no quede impune.] ]
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OPEC, Non-OPEC States Consider One Scheme for Oil Cut Deal Extension – Minister https://sputniknews.com/business/201705251053957713-oil-cut-deal-extension-scheme/
There is only one scenario on
the table on how long the Vienna oil output cut agreement inked by OPEC and
non-OPEC oil-producing countries should be extended, Algerian Energy Minister
Noureddine Boutarfa told Sputnik on Wednesday.
RELATED
Russian Minister Says Oil Output Cuts May Grow If New States Join Reduction Deal https://sputniknews.com/business/201705251053956984-oil-output-cuts-new-states-deal/
Oil output reduction figure, set
by November oil production cuts deal agreed by OPEC and non-cartel states, may
increase in case new countries decide to join the agreement, Russian Energy
Minister Alexander Novak said Wednesday, one day ahead of the oil producers’
meeting where the issue of extending the deal will be discussed.
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RT SHOWS
The Big Picture Richard
Wolff – America’s social safety net at risk
MUST WATCH VIDEO open:
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WASHINGTON BLOG
Flash points on US
politics: internal contradict.. Hugh Smith good articles reproduced
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Do we implode in a deflationary
death spiral (ice) or in an inflationary death spiral (fire)? Debating
the question has been a popular parlor game for years, with Eric Janszen’s 1999 Ka-Poom Deflation/Inflation Theory
often anchoring the discussion.
I invite everyone interested in the debate to read Janszen’s
reasoning and prediction of a deflationary spiral that then triggers a
monstrous inflationary response from central banks/states desperate to prop up
their faltering status quo.
Alternatively, economies can skip
the deflationary spiral and move directly to the collapse of their currency via
hyper-inflation. This chart of the
Venezuelan currency (Bolivar) illustrates the “skip deflation, go straight to
hyper-inflation” pathway:
If we set aside the many
financial rabbit holes of the inflation/deflation discussion, we find three
dominant non-financial dynamics in play:
demographics,
technology and energy.
As populations age and retire, the resulting decline in
incomes and spending are inherently deflationary: less money is earned, and
less money is spent, reducing economic activity (gross domestic product).
The elderly also sell assets such as stocks, bonds and their
primary house to fund their retirement, and if the elderly populace is a major
cohort (due to low birth rates and increasing life spans, etc.), then this mass
dumping of assets is also deflationary, as the increasing supply of sellers and
the stagnating supply of buyers pushes prices lower.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
A quién interesa un conflicto en
Corea del Norte? Federico Pieraccini
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La historia oculta de las invasiones
israelíes de Gaza Leandro Albani
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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Erdogan:
German troops welcome to ?? FALSE title
Erdogan: We’ll wish Turkey-based
German troops happy journey if they leave
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Sp Supreme Court sentence 21-month prison for tax fraud
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