MAY 8 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
"Being young and having no job remains stubbornly common...
Like medieval serfs in pre-industrial Europe, America’s
new generation, particularly in its alpha cities,
seems increasingly destined to spend
their lives paying off their overlords, and having little to show for it.
"
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While most of the world's eyes have been gazing spellbound at the
collapse of industrial metals as Chinese liquidity dries up, there is another
major commodity that has been crushed in the last few months. Sugar prices are down over 30% from
their recent highs and for the first time since September 2015, speculators
are net short...
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The rising
asymmetry of rewards within our economy has many drivers.
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Here is clear: the
real winner of Macron’ V were the US empire oligarchy.
It stand to reason the big Corp support to him.
But, it won’t stop neoliberal recession in process, nor the
collapse of US empire
Remember:
"Sell The News" was the narrative
after Macron's "victory for the world"...
The Dow desperately tried to hold 21,000 and unchanged...
but broadly US equities were 'meh' with Trannies and Small
Caps were notably worst...
Based on the
Panic-Euphoria model, the S&P 500 has not been this "euphoric" since Jan 1994
(and historically has never stayed here long).
As a reminder, US equity ETF outflows hit their highest level
in 16 months last week...
VIX traded back below 10 for the 3rd time in a week...
To close at its lowest close since Dec 1993...
EURUSD suffered it biggest drop since March today as traders
"sold the news"...
Which sent the USD Index surging to last week's highs... best day for the dollar since Jan 26th
Finally, we note NYFed Recession Indicator is trending one
way only...
SEE all graphs at: http://www.zerohedge.com/news/2017-05-08/us-equity-markets-most-euphoric-23-years-despite-commodity-carnage
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The US debacle continue .. working and middle classes are
getting worse
For those wondering about the
true strength of the US economy, look no further than Americans'
post-"retirement" plans revealed in the latest Gallup survey, according to why only 25% of Americans plan to stop working
past retirement age. Meanwhile, 74% of
Americans planned to work past retirement either on a full or part-time basis.
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For Baby Boomers, the added
stress of caring for all of their 'adult' children returning home is putting a
severe emotional and financial strain on their lives with
75% saying it's cutting into their budgets and over 50% saying they're
generally less happy about life.
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The financier elite .. are happy
.. but
Speaking
at the Ira Sohn conference today, Jeff Gundlach explained why the time has come
to sell US stocks while going long Emerging Market stocks.
Observing that US
equity valuations have become stretched on numerous metrics, one of which is
the value of the S&P 500 relative to US GDP which has risen to historic
highs that have even exceeded the dot-com bubble...
... while cyclically
adjusted valuations as per the Shiller CAPE are also in nosebleed territory,
and that while U.S. stocks could continue to grind higher, it's time to look abroad.
Going back to the
distinction between active and passive investing, Gundlach said passive investing, which he called a "bubble" is
ultimately a "myth" without rigid rules, and that managers ultimately
decide which stocks are included in indexes. He encouraged investors to
take index funds and "throw them out the
window" according
to CNBC.
In a subsequent
interview with CNBC (see below), Gundlach elaborated that one of the reasons
for the US market's dramatic overvaluation is the
indescriminate inflows going into all stocks via passive investing vehicles,
which has pushed every sector of the market above its fair value.
He gave a more
detailed breakdown of his thinking in the following interview with CNBC shortly
after his presentation: OPEN http://www.zerohedge.com/news/2017-05-08/jeff-gundlach-explains-why-its-time-sell-us-stocks-buy-emerging-markets Nice VIDEO
As the FT notes,
the pair trade recommended by Gundlach has already started generating returns,
with the EEM generating year-to-date price returns of 14.7%, double the return of the S&P.
….
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BUT.. 1
A sixth
consecutive monthly decline in risk aversion has taken our Macro Risk Index to
extreme lows. Readings below last Friday’s 4.1% have only been observed on 31
days since 1997. Citi notes
that comparable low levels of risk aversion have
historically been followed by higher volatility,
stronger USD, higher bond prices and weak performance of global equities.
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BUT 2..
"Although equity indices have rallied across regions, inter-regional equity return correlations have actually
fallen materially to their lowest levels since 2000. In fact, the last time correlations were this low was
in 2007, just preceding the financial crisis."
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BUT 3 The
housing bubble is crashing
Despite record high stock prices, soaring consumer sentiment measures,
and the constant Fed-spun narrative that incomes will rise amid
'full-employment', the latest survey of Americans by
The New York Fed signals hope is
collapsing for a spending renaissance...
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RELATED:
St. Louis President James Bullard said that "though
equity valuations are high"... "we are not in anything like what we
saw with the housing bubble.” He is right: on a Price-to-Sales ratio, we
are much higher...
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CONCLUSION: It is time for caution not optimism
“At this stage of the cycle, setting new records is a reason for caution,
not optimism.”
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"Central banks are pivoting ‘tighter’ which affects ‘financial conditions’
which affects ‘inflation’ and ‘risk assets’... but the data is holding firm,
companies are making money, and rates are still
extraordinarily low which incentivizes yield-seeking
behavior from asset allocators. "
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The health system is under attack
and now Education is also hit
Harvard University’s endowment is trying to
sell about $2.5 billion of private equity, venture capital and real estate
investments, as part of a sweeping internal restructuring, Axios
reported.
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
If the mythology of state power is smashed, then the state is exposed
for what it is: institutionalized violence, expropriator of the peaceful and productive,
and entirely illegitimate.
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Yates: Pence,
and top White House officials could be called as potential witnesses to crimes.
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Having been dealt a number of legal defeats at the hands of
Obama-appointed judges in the early days of his administration, Trump is
preparing to fill roughly 120 vacancies on lower federal courts around the
country. The first of those new appointments will
come later today in the first slate of 10 nominees, which will be followed by "monthly waves of nominations."
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Like so much else in this fake economy, the
EB-5 visa program is an unethical
racket that uses a government program originally designed to help
struggling communities to further help the already wealthy by funneling cheap financing to luxury
property development. It’s just another example of how screwed up
our incentives are as a nation, and how completely corrupt the American Banana
Republic has become.
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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
GLOBAL RECESSION is coming fast
The forced
deleveraging of China's WMP-driven excess was not helped
overnight by disappointing trade data as
both import and export growth slumped.
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Canada most troulbed
non-bank lender Home Capital confirmed that the bank run at subsidiary Home
Trust has failed to slowdown, and as of May 8 "deposit balances are
expected to be approximately $192 million." According
to the latest data, another 50% of deposits have been pulled in the past week,
and are now down over 90% since March 28.
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More on Macron “fake” realism
Emmanuel Macron gave a solemn victory speech on Sunday night capping a
twisting and turning presidential campaign, but his
celebration may not last long. And although Macron should be relieved, here are eight key reasons why he may want to stay off the
champagne this week.
1. He didn't win over the majority of French people
2. Many of those who voted for him aren't really behind
him
3. Le Pen is on the move too .. she is on an upward
trajectory
4. En Marche! will have a hard time getting a majority
5. Parts of the country rejected him Le
Pen's strongholds in the north east held firm, gaining 57.42 percent of the
vote in Calais and 61 percent in Hénin-Beaumont. In the Aisne department, Le
Pen came out on top in 619 out of 804 communes. Le Pen scored well on
France's Mediterranean coast in the south east, getting close to 50 percent in
many departments, like the Var, where she gained 49 percent.
6. He could be doomed to follow in Francois Hollande's
footsteps
7. Unions are already on his back The
CGT's Michael Wamen said: “He is no an elected
president, he is like a president-CEO.”
8. His to do list .. too much to fix in “his to-do list” to make France feel great again .. Heavy
burden for a baby .. inherited from papa
Hollande. Yikes, Bonne Chance Manu!
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"What
remains is the wishful pretense
that the old familiar protocols can still work their magic. The disappointment will be epic..."
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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 Is Destroying Syria? By Philip Giraldi
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The Universal Lesson of East Timor By John Pilger
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The Deep State and the Boomerang Effect By Jerry Kroth,
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The CIA has a Long History of Helping to Kill
Leaders Around the World By
Ewen MacAskill
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How Americans Remember (and Forget) Their
Wars By John Dower
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How Information Is Controlled by Washington,
Israel, and Trolls, Leading to Our Destruction
By Paul Craig Roberts
By Paul Craig Roberts
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Emmanuel Clinton and the Revolt of the Elites By Pepe Escobar
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Brexit – Is Germany Dictating to Britain the
After-Brexit Rules? By Peter
Koenig
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COUNTER PUNCH & ZC
ZCOMM.ORG/ https://zcomm.org/all-types/
Linn Washington - Dave Lindorff An
Opening to Challenge Abu-Jamal’s Conviction
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Ron Jacobs Housing
for People, Not for Profit
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
French Presidential Election Signals Demise of Political Establishment https://sputniknews.com/europe/201705091053404104-french-election-demise-political-establishment/
RELATED 1
This is How Macron's Victory Could Change French-Russian Relations https://sputniknews.com/politics/201705081053386074-macron-france-russia/
RELATED 2
Macron's Win in French Election: More Russian Sanctions, More 'NATO Must Expand' https://sputniknews.com/europe/201705091053404033-macron-nato-russia-sanctions/
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French People in Regions Skeptical About 'President of Rich' Macron https://sputniknews.com/europe/201705091053403588-french-sceptical-macron-president-rich/
RELATED
Macron Overcomes Weak Support to Win French Election by Not Being Le Pen https://sputniknews.com/europe/201705091053403139-macron-weak-support-le-pen/
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Trump's Advisers Reportedly Propose Plan to Change US Strategy in Afghanistan https://sputniknews.com/asia/201705091053403665-us-strategy-afghanistan/
RELATED
Afghanistan Forces Eliminate Head of Daesh in Country https://sputniknews.com/middleeast/201705081053370435-afghanistan-kill-daesh-leader/ Is this a big loss for the US?
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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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Posted on May 8, 2017 by Charles
Hugh Smith
We all know the middle class that
actually owns capital and wields political influence is shrinking. As I noted last week in Redefining
the Middle Class: It Isn’t What You Earn and Owe, It’s What You Own That
Generates Income, defining the middle class by household income
alone is a misleading metric, as it leaves out the critical factors of debt and
ownership of productive assets.
A household may have an income of $150,000 and appear
well-off by that metric, but if they are mired in debt and own virtually no
productive assets or wealth that can be passed on to future generations, they
aren’t middle class–they’re well-paid proletariats.
So what’s killing the middle
class? If you read the dozens of
articles on the decline of the middle class in the mainstream (corporate)
media, you soon discover there’s a short list of the usual suspects:
1. Globalization / outsourcing
2. Technological changes /
automation
3. “Winner take all” asymmetry in
rewards for specialized skills
Clearly, each of these has
squeezed the incomes of all those between the jobless poor and the wealthy
reaping the lion’s share of the rewards from globalization and technological
change.
A worker at a steel mill who earned $28/hour plus benefits
could, with frugality and long-term planning, eventually own a home free and
clear and acquire a nest-egg of assets.
⇒ 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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Las raíces del conservadurismo
francés Guillermo
Almeyra
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PRESS TV
Global situation described by Iranian
observers.. Titles distorted n incomplete sentences
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