MAY 26 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
If
you want to understand why we're fragmenting as a society, start by looking at
the asymmetric burdens imposed by inflation...In other words, "Let them eat cake."
Regarding healthcare: feast your
eyes on this chart of medical expenses.
According to
official inflation calculations, the $12,214 annual medical costs for a family
of four in 2005 "should cost" around $15,000 today.
Oops—the actual cost is $25,826,
$10,826 higher than official inflation, which adds over $100,000 in cash outlays above and beyond official
inflation in the course of a decade.
The reality is real-world
inflation in big-ticket essentials is crushing every household that doesn’t
qualify for government subsidies of higher education, rent and healthcare.
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Well
that de-escalated quickly...
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Given
the highly leveraged state of the current monetary regime, the most dominant variable for future
wealth maintenance and creation, in our view, may not be asset selection but rather money
selection. Something to think about...
RELATED
Is the Bitcoin so undervalued, the “dollar” so overvalued, that the former are
being hoarded while the latter discounted toward oblivion?
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After a very disappointing first Q1 GDP print
of only 0.7%, on Friday the BEA reported that its second estimate of first
quarter growth showed a sizable rebound, with annualized GDP growing at 1.2%,
above the 0.9% estimate. The growth rate, however, was still well below the
2.1% print from Q4 2016.
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Headline durable goods orders tumbled 0.7% MoM (the worst of the year),
but beat expectations of a 1.5% drop. However, Core Durable Goods New Orders fell
0.4% (dramatically worse than the +0.4% expectation) for the worst performance
since June 2016.
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"To say that yesterday’s performance was
disappointing for bulls is an understatement."
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S&P futures were fractionally lower from
yesterday's record high as European stocks declined and Asian stocks were
mixed, pressured by yesterday's 5% plunge in crude after OPEC unexpectedly
"failed to surprise" markets, and announced the bare minimum supply
cut extension that was expected by oil traders, who in turn puked long
positions.
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So how
bad could the global retirement funding gap get? Unfortunately,
the World Economic Forum (WEF) recently set out to solve that impossible math
equation and it turns out the answer is about $400
trillion...give or take a couple trillion.
See graph below at http://www.zerohedge.com/news/2017-05-26/global-pension-underfunding-will-grow-400-trillion-over-next-30-years-world-economic
Earlier this week we
highlighted "Six
Terrifying Graphs That Summarize America's Public Pension Crisis" which
ranked state, county and city-level public pensions in the United States by
which are screwed the most. To summarize, the study concluded that public pensions in the U.S.
alone are currently underfunded by nearly $4 trillion and that taxpayers in
Illinois, California and New Jersey should probably be looking to move before
getting drowned in their state's coming pension-induced tax hike tsunami.
…
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"Experience is an expensive commodity to acquire, which is
why it is always cheaper to learn from the mistakes of others... not one of the
investing greats in history ever had "buy and hold" as a rule."
“Did you spot what was
missing? .. in above lists of strategies for
investment
“You will notice that not one of the investing greats in
history ever had “buy and
hold” as a rule.
“More importantly, you should notice that “Their wisdom was NOT inherited, but was birthed out of years
of mistakes, miscalculations, and trial-and-error. Most importantly,
what separates these individuals from all others was their ability to learn from those mistakes”. So, know them, and reflect and apply it to your experience ..
finally capitalize this new knowledge in the future.
“Experience is an expensive
commodity to acquire, which is why it is always cheaper to learn from
the mistakes of others.” However, the most
important factor of success is always to apply the
knowledge on other mistakes to your own experience and use it as your main capital
in the future.
“Experience is an expensive
commodity to acquire, which is why it is always cheaper to learn from
the mistakes of others.” But cheap ways
are not the secure path to success. Success depends on 3 types of knowledge: 1-
other mistakes; 2-on K of your own mistakes and, 3- your determination not to
make same mistakes.
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A LITTLE MORE ON BUY & SELL
( Let’s assume that you are allow to bet on a soccer game
in the Finals of World-cup.)
By Hugo Adan
An observer of rate of bankruptcies, financial
speculation, wars & political efficiency vs. crisis
You have to know the dynamic of a
bubble for every commodity… you have to know the team you bet for, the
commodity you want to trade on. Then you are a player in your sit, in front of
your computer or TV screen in your hood. You invest when the bubble is growing
up, not when is starting .. when the World Cup arrive to finals & your team
moves the ball to the other arc in soccer.. and you shoot, bet (buy & sell) only when you see the ball close to the rival
arc and you see the empty space left by wall-keeper in the arc.. that is a
secure gool or best time for investing and win. Remember 2 things: A- you should never get addicted to gambling business. B-You are not inside the bubble, the bub exist only in your
mind. So, you play with it, you should never allow the Bub play for you. You control
the market- price of a specific commodity by buying and selling, if you and
other buying too much you inflate its price = bubble-up. On reverse, if you &
others don’t buy, the price goes down and the business collapse. You don’t play
when the bubble is emerging .. you invest (buy & sell) when the bubble is
enough mature .. that is, when the World-Cup is in the finals or a ball in a soccer
game crossed the middle camp or is close to the rival arc (penalties).. the best
investment is when the ball is in front of the other arc (that is the case of
penalty kicks or the end-game defined by penalties. You bet only if you know the
quality of the wall-keeper and the shutters ) .. If you see heavy players making
a bet in business (case Liman & brothers), you know the bank or the price of a commodity
is going to go down, to the bottom .. so the bubble is gona be burst= bankruptcy
.. If you see these big players are buying, then, you don’t invest (sell or buy).. you take your money
out of the market. Nobody invest on a team of incapacitated players; nobody
invest money to buy garbage in business.. You buy to sell asap.. that is the
case of vulture capital buying debt. Move the money fast is the key to
make more money in any casino-game. This doesn’t happen when investors face recession or WW3 is
approaching. This phenomena creates more uncertainty than usual, you simply
don’t invest in this time (buy and hold makes nonsense at all during these
times).. If you know that the dollar is going to crush or is losing power in
the whole market, then is better invest your dollars in bitcoins, here makes
sense a temporary “buy & hold”. IF you know that is coming an international
pact (IMF for instance) for a single or three currencies for trade and banking
savings, then you instead of bitcoins buy those currencies and choose the one with
less sovereign debt and with enough gold and average trade to support it. IF
you know that WW3 is coming, you buy gold-coins when is cheap and in-closed in
your own home bunker.. put some gold-coins in a bank that provides you a credit cards that
convert gold into money to cover expenses for
6 months, or a year. Or better buy an empty lot and rented –six months
at front- or build rooms or Apparts, if well located. Big rule for big-bad
time: recession time or ww3 approaching : Never put
your money not gold-coins, and much less bitt coins in a standard bank. If for
sure economic crush is about to come or WW3 is about to start, you money and
gold-coins in the Bank are going to be controlled by the FED. It won’t be your
money anymore. Your money may be used for Nat Security “reasons” = that is, for
the survival of current bankers-oligarchy. It seems to me we are very close to
big- bad time. So, you better start taking your precautions. Start by selling
in your hood big-good things you don’t use now. (Cars, for instance, all need
it is a Mech-Shop that provide a list of
basic items guaranteeing the car is in good stand. Or homes, with help of
realtor-list.)
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- Trump directly scolds NATO allies, says they owe 'massive' sums (Reuters)
- Trump Likely to Maintain Obama’s Russia Sanctions (WSJ)
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"Either the stock market is right and everything is going to play 'catch
up', or it’s not... Yes, anything is certainly possible. It just usually isn’t."
Here the readings for this weekend:
Politics/Fed/Economy
- Beware Of Central Bankers Bearing Gifts by Danielle Dimartino-Booth via MoneyStrong
- Trump’s Budget Is The Ultimate Con by Derek Thompson via The Atlantic
- What Keeps BofA Up At Night? by Tyler Durden via Zero Hedge
- Trump Budget: All Hat, No Cattle by David Stockman via Daily Reckoning
- Trump’s Budget Will Supercharge Economy by Stephen Moore via The Hill
- The Return Of Rosy, Fuzzy Math by Caroline Baum via MarketWatch
- Economy Needs Workers & Trumps Budget by IBD
- One Big Problem With Fed’s Balance Sheet Plan by Pedro Da Costa via BI
- 9-Top Takeaways From Trump’s Budget by Rob Garver via Fiscal Times
- Republicans Always Take Office At Market Tops by Patrick Watson via Mauldin Economics
- Why Businessmen Fail At Government by Ludwig Von Mises and FEE
- Monetary Policy Strangely Devoid Of Money by Jeffrey Snider via Alhambra Partners
- Economic Forecasting Very Much Broken by Narayana Kocherlakota via Bloomberg View
- The Trump Budget Doesn’t Balance by Robert Samuelson via RCM
- Inflation Is NOT Evenly Distributed by Charles Hugh Smith via Of Two Minds
- Will “Gradually” End Differently Than “Measured” by Peter Boockvar via The Boock Report
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Markets
- Hop On The Bus, Gus by Eric Cinnamond via EricCinnamond.com
- Traders Can Make A Killing Chasing “Smart Money” by Joe Ciolli via BI
- The Big Picture by Ray Dalio via Linked-In
- The Bubble That Could Break The World by James Rickards via Daily Reckoning
- Bull Market Not Hated, Just Not Trusted by Michael Santoli via CNBC
- How To Avoid Losing In Age Of Trump by Nigam Arora via MarketWatch
- Bears Have Made Some Progress by Chris Ciovacco via Ciovacco Capital
- Emerging Markets Still Look Strong by Michael Kahn via Barron’s
- It’s A Battle Between Politics & Liquidity by Sue Chang via MarketWatch
- Tech Stocks Haven’t Done This Since ’99 by Evelyn Chang via CNBC
- What NOT To Buy In Today’s Market by Vitaliy Katsenelson via Contrarian Edge
- Connecting The Dots by Erik Swarts via Market Anthropology
- How Companies Fib About Earnings by John Crudele via NY Post
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Research /
Interesting Reads
- “Liar Loans” Dog Automakers by Wolf Richter via Wolf Street
- Manipulation In The VIX by John Griffin & Amin Shams via University Of Texas
- Houston, We Have An Employment, Wage Growth Problem by Aaron Layman
- 6-Terrifying Graphs Of America’s Pension Problem by Tyler Durden via ZeroHedge
- Beat Robo-Advisors At Their Own Game by Andy Hyer via Nasdaq
- Paying Social Benefits by Buttonwood via The Economist
- Understanding Today’s Secular Stagnation by Robert J Shiller via Project Syndicate
- Stock Ownership Down Among All But High Income by Jeffrey Jones via Gallup
- Valuation: A Less Miserable Measure by Ed Yardeni via Yardeni Research
- More Risk And Less Return In New Era by Nick Maggiulli via Dollars and Data
- Hidden Debt & Deficits – 2017 by Joshua Rauh via Hoover Institution
- 5-Facts American’s Know Nothing Of Money by Catey Hill via Moneyish
- One Man’s Ceiling Is Another Man’s Floor by Cliff Asness via AQR Capital Management
- Being Wrong In An Interesting Way by John Hussman via Hussman Funds
- A “Dead-Cat” Bounce In Stocks? by Dana Lyons via Tumblr
- “Reward Free Risk” – Here It Is 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
"IF YOU’RE FOR LESS GOVERNMENT, YOU WANT SOUND MONEY. The people who want
big government, they don’t want sound money. They want to deceive you
and commit fraud. They want to print the money.
They want a monopoly. They
want to get you conditioned, as our schools have conditioned us, to the point
where deficits don’t matter."
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Pushing hard to persuade Trump to back the landmark Paris climate
accord deal, after hours of talks that were described by Angela Merkel as "controversial", the G-7 leaders failed to get
Trump's endorsement.
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A day after Trump stunned his fellow NATO leaders, Trump lobbed another
bomb at the European center-right consensus by renewing his attacks on the
German auto industry during a closed door meeting with two high-ranking
European Union officials, in which he said that "the Germans are bad, very bad” and added dding “look at the millions of cars that they sell
in the U.S. Terrible. We’re going to
stop that."
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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
President Trump's top advisers plan to set up a
“war room” to combat negative reports resulting from the ongoing Russia
probes according to Reuters, while the WSJ adds that
Trump is "actively discussing" major changes in the White House,
including a shakeup of his senior team, including the loss of his Twitter
privileges.
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As SocGen's Kit Juckes noted earlier in the week, "The ECB, not The Fed, is in
the driving seat," and nowhere is
that more optically obvious than in the massive divergence between US-EU bond risk premia and US-EU inflation surprises.
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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
Special
Military Ops Around the World: Crisis within America’s Special Operations
Command (SOCOM) By Sophie Mangal
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Civilians
Killed by US Largely Ignored as Endless “Global War on Terrorism” Continues By Jon Queally,
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US
and Israeli-Made Weapons in Hands of ISIS Terrorists. Discovered by Syrian
Government Forces By Samer Hussein,
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Anthony DiMaggio Swamp
Politics, Trump Style: “Russiagate” Diverts From the Real White House Scandals
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Paul Street It’s
Not Gonna Be Okay: the Nauseating Nothingness of Neoliberal Capitalist and
Professional Class Politics
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Pete Dolack Why
Pence Might be Even Worse Than Trump
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Brian Cloughley Ukraine
and the NATO Military Alliance
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Seth Sandronsky Temping Now on
today workers situation
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Alan Barber – Dean Baker
Blue
Collar Blues: Manufacturing Falls in Indiana, Ohio and Pennsylvania in April
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Richard Lawless Are
Credit Rating Agencies America’s Secret Fifth Column?
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Rev. John Dear A
Call to Mobilize the Nation Over the Next 18 Months
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
RISK Act: Yet Another Attempt to Make US-Russian Detente Impossible https://sputniknews.com/politics/201705261054027015-us-draft-bill-russia/
The new US draft bill seeking a
comprehensive report from the State Department on Russia's alleged subversive
measures against the United States is nothing but an attempt to irreversibly
undermine relations between Washington and Moscow, Russian scholar Nikita
Danyuk told Radio Sputnik.
RELATED 1
New US Draft Bill on Alleged Russian Subversion Inspired by Cold War https://sputniknews.com/us/201705261054014148-us-draft-bill-russia/
RELATED 2
Russia, US Should Cooperate to Bring Back 'Vaccine Diplomacy' - Top Scientist https://sputniknews.com/art_living/201705261054009230-russia-us-tropical-diseases/
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Russian Airstrikes Kill 120 Daesh Terrorists Fleeing From Raqqa – Source https://sputniknews.com/middleeast/201705271054035636-russian-airstrikes-kill-120-daesh-terrorists/
RELATED
NATO's
Pledge to Fight Daesh Means Bloc 'Will Operate Separately From Russia' NATO's Pledge to Fight Daesh Means Bloc 'Will Operate Separately From Russia'
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China Industrial Profits Up 24.4% Year-on-Year in First Months of 2017 https://sputniknews.com/asia/201705271054036062-china-profits-grow-2017/
RELATED
Win-Win vs Zero-Sum Game: How China Managed to Overcome Global Economic Slowdown https://sputniknews.com/politics/201705061053341719-china-new-silk-road-marshall-plan/
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Mexico Gives Green Light to Russia’s Rosneft, Lukoil to Bid on Oil Contracts https://sputniknews.com/business/201705271054035988-mexico-rosneft-lukoil-bidding-contracts/
RELATED
Mexico's Pemex, Russia's Lukoil Continue Talks on Potential Joint Projects https://sputniknews.com/business/201703081051359890-pemex-lukoil-joint-projects/
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RT SHOWS
SophieCo Common
European army may limit US arms industry’s sway over EU – French politician
Pierre Lellouche
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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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El norte, la emigración inminente Ilka Oliva Corado
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Venezuela ¿Colonización o soberanÃa? Felipe
Cuevas
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La burbuja que puede destruir la
economÃa mundial La
burb de banqueros USA
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Noam Chomsky desde una perspectiva siria Yassin al Haj Saleh
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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