JUL 18 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
The latest BofA credit investor survey finds that
while geopolitical risk remains
credit investors' top concern not surprisingly oil prices moved into second place, while - with the
rally in financial markets - asset
bubbles jumped into third position.
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'Hard' Data takes another dip to
28-month lows (as Import Prices disappoint)...
While the S&P 500 Index has notched
one record after another over the past year, its
climb has been the most stable in two decades.
A FANGtastic Day...
After a brief respite yesterday, the Dollar Index continues
to slump...
…
See more graphs n comments at
http://www.zerohedge.com/news/2017-07-18/sp-goes-longest-without-5-pullback-20-years-nflx-leads-nasdaq-record-highs
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"...analysts are once again hoping for a “hockey stick” recovery in earnings
in the months ahead... few, if any, Wall Street analysts
expecting a recession at any point the future...because optimistic analysis supports our
underlying psychological “greed”, all real scrutiny to the contrary tends to be
dismissed. Unfortunately, it is this “willful blindness” that
eventually leads to a dislocation in the markets."
Despite the
improvement in reported earnings for the quarter, the thing that jumped out was the
decline in revenues which slumped from $301.12/share in Q4 to $292.78/share in
Q1. This was a decline of -2.77% for
the quarter.
In other words, while top line
SALES fell, bottom line revenue expanded as share buybacks and
accounting gimmickry escalated for the quarter.
…
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y corrupto.
Urge cambiarlo
“We're
not going to own it. I'm not going to own it. I can tell
you the Republicans are not going to own it. We'll let ObamaCare fail and then the Democrats are going to come to
us."
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Looking at last night's Senate fiasco, Goldman writes that while Congress
may still pass a health bill, "it just won't
be this one" and notes that the "enactment of much more
narrowly-focused health legislation is still possible this year, in light of
problems facing the individual insurance market for 2018." And in
terms of near-term catalysts, all eyes now turn to the debt ceiling debate due
in September...
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"If the market is underpricing the
uncertainty with respect to the outlook of US monetary policy, we are
even more concerned that it seems
totally impervious to the risk of two potentially disruptive, if not dangerous, Games of Chicken likely to unfold in the summer and
the beginning of the fall."
Exhibit 1 outlines
this hypothetical game and the pay-offs for the two players in each of the
three potential scenarios:
- The best scenario for the President is Scenario 3 (tax reform and no shutdown). We assume that he is indifferent between Scenario 1 (no tax reform and shutdown) and Scenario 2 (no tax reform and no shutdown). The former scenario would poison his relationship with the GOP while in the latter scenario he would lose credibility.
- The best scenario for the GOP is Scenario 2 (no tax reform and no shutdown). We assume that it trumps Scenario 3 (tax reform and no shutdown) because any tax reform is likely to be controversial and could be politically costly. The worst scenario for the GOP is Scenario 1 (no tax reform and a shutdown).
This game could be seen as a sequential Game of Chicken. It is quite similar to the decision tree faced by the US and the
Soviet Union during the Cuban missile crisis.
Buy hedges before it
is too late
This above game is
meant to demonstrate the possibility of escalating
tension as well as the high uncertainty around the outcome as we move into
September. With volatility at two-decade low, the market has not priced
in even a slight probability of this kind of upheaval, in our view.
The fact that Janet Yellen last
week acknowledged "fiscal uncertainty" in her Congressional testimony
as one of the two main risks facing the Fed gives us confidence that monetary
policy would likely be held hostage by the potential fiscal showdown ahead. This means
that increased fiscal risk should be associated with lower US rates and lower
USD/JPY.
Notwithstanding our concern that
the path to doing tax reform the easy way may be closed, we are still
optimistic about tax reform getting done through the hard way. The
key lesson to take away from the TARP vote was that a real crisis forces people
to do the right thing in the end. In our view, the crisis will bring about tax
reform which in turn will be followed by a resumption of the Trump trades
(higher rates, higher USD). This is why we like owning rates vol rather than
going long rates per se.
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"We have allowed ourselves to become fearful, controlled,
pacified zombies...Fear and
paranoia have become hallmarks of the modern American experience, impacting
how we as a nation view the world around us, how we as citizens view each
other, and most of all how our government views
us."
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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
WTI has roller-coastered higher since last week's 'bullish' API report
and rose today for the 6th of the last 7 days (on Saudi cut hype). While many
eyes are on record high shale production, the recent trend in inventory draws
remains key but API upset that dream briefly as Crude saw an unexpected build(+1.628mm vs -3.5mm exp). Gasoline and Distillates saw major draws (much bigger than
expected) and Cushing saw its first build in 8 weeks
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“Nothing and no one can stop the constituent
assembly...”
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“The end of deflation was a great illusion,”...
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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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INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
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AIPAC is an Israeli
foreign agent for three reasons.
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Our military empire is the source of rather than the solution
to our problems.
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CNN is once again
caught out faking news about Russian hackers.
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"Zero Day" for Violent Regime
Change in Venezuela By Moon
Of Alabama
Opposition in Ven is
heavily supported by regime change institutions of the United States
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Poll: Americans’ Massive Disapproval of Both
Parties By Eric Zuesse
It’s just an
oligarchy with unlimited political bribery.
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COUNTER PUNCH
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Arturo Lopez-Levy Trump’s
Cuba Restrictions: a Detour, Not the Future
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
US’ Empire is already
collapsing…but someone has to be blamed, don’t matter stupidity
North Korea: US Strike Would
Effectively ‘Ruin’ the ‘Empire of America’
https://sputniknews.com/politics/201707181055663146-dprk-strike-end-us-empire/
It is collapsing
because big profiteers of war (MIC) have upper hand in “Deep State”
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El hermano rebelde del norte es parte
de la familia Korea, el imperio los dividió.
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"Malorossiya is a multinational state
with Russian and Malorossiyan being its official languages, and regional
languages retaining their rights and statuses," Timofeev
read.
Malorossiya, religions will have equal rights. The state aims
at resuming activities within the Commonwealth of Independent
States (CIS) and launching trilateral talks with Russia and the European
Union.
"The policy aimed at joining the Union State
of Russia and Belarus while preserving independence and sovereignty. The
keeping of a visa-free regime in agreement with the European
Union. De-oligarchisation, uncluding on a legal basis," the minister read out.
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El negocio Guerra no va bien: Lockheed Martin niega ser autor de fallas en
el nuevo F-35
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RT SHOWS
Keiser Report
Episode
1098 Max and Stacy
talk to Steve Keen, author of ‘Debunking Economics’, about the crisis of
America.
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
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US “Malcolm
X. El lento despertar de un
líder único Jesús Aller
Estados Unidos en Venezuela Silvina Romano
y Aníbal García
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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US
recertifies Iran’s compliance with nuclear deal
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