MAY 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
How is it that with the labor market supposedly
near full employment, and the unemployment rate sliding to another
post-recession low of 4.4%, wages simply can not rise? The answer was once
again to be found in the quality of jobs added.
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US Macro data has negatively surprised for 7 straight weeks -
dropping to its weakest since October...
But stocks don't care about fun-durr-mentals...
Or commodities...
Or earnings...
One wonders how long before energy credit markets realize its
lower-for-longer for crude...
The USD Index pushed lower after payrolls today, erasing the
Fed spike and ending the week almost unchanged...
Despite an unch dollar, metals were massacred this week -
from Iron Ore to copper...
See all charts at http://www.zerohedge.com/news/2017-05-05/calmest-market-75-years-hits-record-highs-ignores-dismal-data-commodity-carnage
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One Of The World's Biggest Oil
Hedge Funds Just Liquidated All Its Longs
Earlier in the week we shared Pierre
Andurand's hedge fund note blame-casting his fund's dismal drawdowns on "CTA flows eclipsing the gradual
improvement in fundamentals."
But, of course, Andurand is not
alone, in fact it is safe to say that virtually every other commodity
trader is on the same side of the boat:
Should the oil drop
continue, given the massive surge in open interest, we suspect Andurand will not be the last to capitulate...
RELATED
The US
oil rig count has now risen over 120% from its May 2016 lows, having
dropped only 3 of the weeks since, sending US Crude Production to just 3% short of record highs.
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The financial system circa 2017, and the
economy that supports it, has been stretched
to the breaking point. Shortsighted fiscal and monetary
policies have propagated it. The result is a
failing financial order that has become near intolerable for all but the gravy supping political class and their
cronies.
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"We suffered our worst days of the year
these past two days in our retirement fund here at TGL, losing nearly 3% this
week and in the process we cut back our positions dramatically and in violent,
swift fashion."
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With a continuing resolution for $1 Trillion passed this week,
which will fund the government for 5-whole months, there seems to be little consideration given
to the disconnect between increase debt levels and slower economic growth.
The problem, however,
is that rising asset prices and surging debt levels,
despite rumors to the contrary, do not translate into
stronger economic growth. As shown below, the transition to leverage
starting in the early 80’s was the turning point for the growth rate of the
economy.
To put this into economic terms,
it currently requires almost $4.00 of debt to create $1.00 of economic growth. This is a problem when 70% of the economy
is driven by consumption and there is a finite limit to the amount of debt that
can ultimately be taken on by households.
I know. It’s crazy talk. But I
see two options for Congress here:
- If you want 3-4% economic growth in the future, you can start taking some fiscal responsibility and pay attention to the “debt elephant” in the room.
- Or, you can pass a health care bill that will hit taxpayers for another $250 Billion in subsidies over the next decade along with continued high costs of insurance for individuals.
One of those isn’t going to work.
HERE THE READINGS FOR
THIS WEEKEND.
Tax Plan/Politics
- Do Tax Cuts Pay For Themselves by Caroline Baum via MarketWatch
- Here Are The Major Health Care Bill Changes by Bob Bryan via Business Insider
- The Trump Empire Expands by Nomi Prins via The Daily Reckoning
- $5.5 Trillion – The Cost Of Trump Tax Plan by Committee For A Responsible Federal Budget
- Trump: Peddling Reagan Era Snake Oil by William Greider via The Nation
- Trump’s Tax Plan Not So Good For Middle Class by David Cay Johnston via Daily Beast
- Only Real Growth Will Down The Deficit by Stephen Moore via The Washington Times
- Yes, The U.S. Can Afford Tax Cuts by Tyler Cowen via New York Post
- Good & Bad News About Trump’s Tax Plan by Charles Gasparino via New York Post
- Tax Lies For The Gullible by Thomas Sowell via IBD
- Are Trumps Tax Cuts Worse Than Reagan’s by Steven Rattner via NYT
- Tax Plan Would Blow Up The Deficit by Rob Garver via Fiscal Times
- Art Laffer’s Theory Of Tax Cuts Comes Alive by Peter Baker via NYT
- Why Tax Revenue Projections Are ALWAYS Wrong by Richard Rahn via Washington Times
- With This Budget Deal – Swamp Wins by IBD
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Markets
- Wall Street’s Earnings Hopium by David Stockman via Daily Reckoning
- Market Set For 51% Fall by Jody Chudley via Wall Street Examiner
- Bianco: We’ll Get To Mars Before Rates Get To 4% by Akin Oyedele via BI
- Bad Sentiment May Be Good News For Stocks by Simon Constable via US News
- JP Morgan: 6 Red Flags For Stocks by Tyler Durden via ZeroHedge
- Is The Market Headed Higher? Or For A Crash? by Knowledge@Wharton
- Investors Getting Fed & Economy All Wrong by Boris Schlossberg via CNBC
- It’s Hope That Kills You by Alexandra Scaggs via FT Alphaville
- This Is Irrational Exuberance by Anora Mahmudova via MarketWatch
- As Optimism Multiplies, Risk & Disappointment Expand by Doug Kass via Real Clear Markets
- Who Is Right – Stocks Or Bonds via Mark DeCambre via MarketWatch
- Rarely Has Investor Complacency Been So Broad by Landon Thomas via NY Times
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Research /
Interesting Reads
- Carmageddon, Not Yet, But Bubble Is Leaking by Wolf Richter via Wolf Street
- Pension Tension: A Tightrope Into The Unknown by Danielle DiMartino-Booth via Money Strong
- Where Keynesians & Austrians Meet by Edward Harrison via Credit Writedowns
- CEO Pay Is Out Of Control by Roger Lowenstein via Fortune
- Relying On Social Security? Maybe You Shouldn’t by Sean Williams via USA Today
- Millennials Owe A Record Amount Of Debt by Raul Hernandez via BI
- How We Got Here: Our Road To $20 Trillion by Jonathan Bydlak via Medium
- $1 Million Just Ain’t What It Used To Be by Jeff Rose via CNBC
- What We’re Seeing Can’t Be Correlated With Expansion by Jeffrey Snider via Alhambra Partners
- What If Bogle Is Right About 4% Returns by Mitch Tuchman via MarketWatch
- Kyle Bass: All Hell Is About To Break Loose In China by Tyler Durden via ZeroHedge
- What’s Going On With Retail? by Brian Langis via ValueWalk
- Fear Of Missing Out (FOMO) Makes Investors Desperate by John Hussman via Hussman Funds
- Rydex Mutual Fund Traders – All Bulled Up by Dana Lyons via Tumblr
- When Your UBER Driver Tells You To Sell Naked Puts by Jesse Felder via The Felder Report
….
“It’s fine to celebrate
success but it is more important to heed the lessons of failure.” – Bill Gates
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"I’ve spent a lot of time since the 2016 election writing about
how worthless the Democratic
Party is and why it will never fundamentally change. The sad truth when it comes to American politics at
the moment is “we the
people” have no political representation whatsoever..."
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"Today,
May 5th 2017, WikiLeaks publishes "Archimedes", a tool used by the
CIA to attack a computer inside a Local Area Network (LAN), usually used in
offices. It allows the re-directing of traffic from the target computer
inside the LAN through a computer infected with this malware and controlled by
the CIA. This technique is used by the CIA to redirect
the target's computers web browser to an exploitation server while appearing as
a normal browsing session."
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This "free-market" health care system
of ours doesn't seem to have much in
the way of freedom or markets.
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As of the end of the first quarter, US
consumers owed $1.44 trillion in student loans, an increase of $32 billion for
the quarter, as well as $1.12 trillion in auto loans, an increase of $73
billion Q/Q. This means that as of March 31, Americans owed two and a half
times as much on their auto and student loans, as on their credit cards, a new
all time high.
RELATED
Societies
work when people think the system is fair enough and have genuine opportunity for success and standard of living
improvement. Our society rewards
the worst sort of behavior, and as we observed in the
aftermath of the financial crisis, protects and further empowers white collar
criminals for destroying the global economy.
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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
Russia said it’s ready to send peacekeepers to Syria after Turkey and Iran agreed on Thursday
to Russia's proposal for "de-escalation zones" in Syria. The move, welcomed by the United Nations, has been
met with scepticism from the United States as the
so-called safe-zones will closed for
warplanes of the United States and those of the U.S.-led coalition.
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Italy is increasingly dependent on the ECB to hold down bond yields as foreign investors dump Italian bonds
like mad.
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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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Jason Hirthler Washington’s
Blind Ambition: the Monster in the Mirror
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Paul Atwood War
and Empire: the American Way of Life
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Patrick Cockburn The
Fall of Mosul and Raqqa Won’t Spell the End of ISIS
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Brian Cloughley Human
Rights and the Arrogance of Power
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Kim C. Domenico Emma
Goldman and the Soul of Anarchism
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
De-Escalation Zones Take Effect In Syria https://sputniknews.com/world/201705061053327181-deescalation-zones-take-effect-syria/
RELATED 1
Big Step Toward Peace': Safe Zones in Syria to Respect Territorial Integrity https://sputniknews.com/middleeast/201705051053325973-syria-safe-zones-memorandum/
RELATED 2
Signs of a Bargain? Why Russia is for the Establishment of 'Safe Zones' in Syria https://sputniknews.com/middleeast/201705051053301057-russia-syria-safe-zones/
READ ALSO: Army's Perseverance, Help From Guarantor States to De-Escalate Syrian Conflict https://sputniknews.com/middleeast/201705041053276709-syria-safe-zones/
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US Guided Missile Destroyer
Enters the Black Sea https://sputniknews.com/military/201705061053330803-usa-missile-destriyer-enters-black-sea/
RELATED
Iran
Plans to Create Transport Corridor Between Persian Gulf, Black Sea https://sputniknews.com/business/201704181052742057-iran-persian-gulf-black-sea/
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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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La batalla de Francia: el odio a la
República Manolo Monereo
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Para el oficialismo sólo valen las
vidas judías Michael Schaeffe
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La mitad de los acuíferos de la
tierra se están agotando Norberto
Ovando
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Para dominar el mundo la violencias
no basta Aníbal
Ortizpozo
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Democracia limitada y sistemas
electorales Jordi
Córdoba
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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