JUL 28 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 key to broadly
distributing opportunity and capital is to nurture the source of social
capital: the community economy.
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Much of the recent ebulient narrative about
equity markets has been based on the promise of an earnings rebound - due to
beneficial comps in the oil & gas sector. That narrative just hit a wall...
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With WTI
heading for its best week since 2016, demand and inventory data
is trumping production for now and today's Baker Hughes rig count data did
nothing to change that as, following last week's 1 rig
drop, producers only added 2 oil rigs
in the last week. Judging by the lagged correlation to WTI, rig counts
are stalling as expected...
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The last two times Americans were saving this
little in order to maintain their lifetsyles, the US economy was in recession.
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Stocks have recently witnessed an unprecedented cluster of new highs occurring
on negative volume.
It deals with a recent odd spate of new 52-week highs in the
S&P 500 on days in which declining volume on the
NYSE actually exceeded that of advancing volume. There have actually been 6
such new highs in the past 3 months.
If that doesn’t seem
like a big deal, it is actually a
record number of such days within a 3-month time period. In fact, it is double the previous record number of 3.
So, how much of
a warning sign – if at all – is this recent phenomenon?
The recent cluster of these
days is, again, unprecedented and may signal a bigger warning sign for the
stock rally.
…
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In "Tick Tock", BofA's Michael
Hartnett doubles down on his recent gloomy forecast that "positioning is
becoming more consistent with autumn top in risk assets", and now
expects the market to crack some time in August.
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Despite a rebound in business survey hope, a number of consumer
confidence measures have been tracking lower in recent months as Trumphoria
fades. July's final UMich consumer confidence data
confirms this trend printing at 93.4 -
the lowest since Oct 2016. While current conditions rose to the
highest since July 2005, the biggest driver of the
overall decline was a tumble in the
'expectations' index.
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Following a slew of revisions, what was
originally a weather-crushed 0.2% GDP quarter is as of this moment, a
nice and balmy 3.2%.
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"It’s Friday and the middle of the
summer. You’d think it would be one of those days where people want to
get in and get out with a minimum of fanfare. But that’s not how it feels nor how it’s
playing out..."
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A miss for Q2 GDP and slowing growth in employment costs has taken the
egde of the 'reflation' trade and lower the boom on The Fed's hoped-for
rate-hike trajectory. While stocks are ignoring all the mayhem, the dollar has tumbled to new
multi-year lows and gold and bonds are rallying notably...
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After an exuberant Q1, which prompted extrapolators to confirm this is
the big turnaround, escape velocity looms, and supposedly tight labor markets
are finally doing what 'Phillips' said they should... Q2
has dashed economists' hopes of nirvana with the Employment Cost Index slumping to just 0.5% growth QoQ in Q2 - the
weakest since Q2 2015.
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"I
don’t need to remind you what happened next..."
….
Here the Reading for
vacation time.
Politics/Fed/Economy
- The Greater Moderation by Danielle DiMartino-Booth via Money Strong
- Partisan Conflict Is High by Jeff Sommer via NYT
- Fed To Start Unwinding Balance Sheet Soon by Akin Oyedele via BI
- Democrats Try To Rebrand Themselves As Populists by Caroline Baum via MarketWatch
- New Math Fetish Has Turned Economics Into Astrology by Alan Jay Levinovitz via Aeon
- Gary Cohn Is The Wrong Choice For The Fed by John Tamny via Forbes
- Is The Economy Really Different This Time by Joe Calhoun via Alhambra Partners
- 4-Signs The Economy Is Stalling by Stephen McBride via Mauldin Economics
- The False Premise Of GOP Tax Cuts by Editorial via New York Times
- Draghi Did Not Keep His Promise by Jeffrey Snider via Alhambra Partners
- Fed Won’t Raise Rates Until Christmas by Pedro Da Costa via BI
- All Signs Point To Slowdown In Inflation by Lakshman Achuthan via Bloomberg
- The Quiet Demise Of Austerity by James McCormack via Project Syndicate
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Markets
- What You Should Be Worried About by Mark Hulbert via MarketWatch
- Howard Mark’s Bubble Checklist by Tyler Durden via ZeroHedge
- How To Survive The Coming Market Storm by Richard Harris via South China Morning Post
- ETF’s Are The Biggest Danger To Markets by The Heisenberg via Seeking Alpha
- Byron Wein Says Market In Uncharted Territory by Joe Ciolli via BI
- Will Perma-Bears Ever Learn by Taylor Dart via Seeking Alpha
- USD Breakdown, What Next? by Erik Swarts via Market Anthropology
- USD Close To The Edge Of The Cliff by Michael Kahn via Barron’s
- Wall Street Is Bracing For A Significant Correction by Steve Liesman via CNBC
- Stunning Lack Of Declines Highlights Surreal New Normal by Wolf Richter via Wolf Street
- Earnings Outlooks Falling Rapidly by Anora Mahmudova via MarketWatch
- Why Financials Can’t Lead The Market Higher by Bryce Coward via Knowledge Leaders
- Over-valuation Not Due To Passive Investing by David Merkel via The Aleph Blog
- Stock Market Bulls Are Wrong, It Will End Badly by Doug Kass via The Street
- This Is Why It’s So Hard To Be A Contrarian by Stefan Cheplick via Medium
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Research /
Interesting Reads
- Risk Has Been Abolished by Wolf Richter via Wolf Street
- There They Go Again by Howard Marks via OakTree Capital
- Perceived Vs. Real Risk Tolerance by David Merkel via The Aleph Blog
- Dividend Cuts Accelerate In Q3 by Political Calculations
- 3-Examples To Consider In Retirement Planning by Paul Brown via NYT
- The Next Housing Bubble Is Here by Mark Hanson via Zero Hedge
- FLASH CRASH: Seth Klarman Weighs In On HFT by Jody Chudley via Daily Reckoning
- 7-Habits To Help Your Kids Be Successful by Vanessa McGrady via Forbes
- The Reason Everyone Resents Millennials by Bill Murphy Jr via Inc.
- Student Borrowers Face Relentless Debt Collector by Michelle Conlin via Reuters
- Taking Money Off The Table Is The Best Investment by Michael Douglas via Motley Fool
- Maybe We Are Thinking About Productivity All Wrong by Neil Irwin via NYT
- If The Stock Market Makes You Rich, Why Are So Many Poor? by Me via Market Watch
- Singer: “I’m Very Concerned About The Global Economy by Tyler Durden via ZeroHedge
- The Salient Features Of Past Bull Market Peaks by John Hussman via Hussman Funds
- Breakout Barrage – Is It Really Bullish? by Dana Lyons via Tumblr
- Podcast: William White On Experimental Monetary Policy 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
"We are writing to you to request
assistance in restoring public
confidence in our nation’s justice system..."
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"This is not a witch hunt. It is an Easter egg hunt on the White House
lawn, where the most colorful eggs are likely to be the tax returns and the financial records of
Trump, who built a real estate empire in a town where winners
brag about how they gutted the losers. Every enemy of Trump is going to be dropping
the dime on him to Mueller."
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"This
is a full-blown scandal — again. It’s unbelievable, outrageous, sad, and yet
quintessential Wells Fargo. This
isn’t just a corporate debacle. It’s caused real human harm. It’s reflective of
a system that Americans feel is rigged against the little guy."
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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
Perhaps sensing that Trump is rather vulnerable
right now, and confirming
reports from two days ago that an ICBM launch is imminent, moments ago
Japan's NHK reported that North Korea has fired "what appears to be a
missile", which Kyodo has since classified as an ICBM, which landed in
Japan's exclusive economic zone.
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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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Meet
the Two Catholic Workers Who Secretly Sabotaged the Dakota Access Pipeline to
Halt Construction
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GLOBAL RESEARCH
Global Econ-Pol
crisis leads to more business-wars:
profiteers US-NATO under screen
A
Ray of Hope. EU Backlash against Washington’s Sanctions Regime directed against
Russia By Dr. Paul Craig
Roberts,
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Say
Goodbye to Regime Change in Syria. Phasing Out of CIA “Train and Equip” in
Support of “Moderate” Rebels? By Scott Ritter,
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INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
Mosul's Bloodbath: 'We Killed Everyone - IS,
Men, Women, Children' By MEE
Contributor
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“Beauty of Our Weapons” in the War on Yemen By George Capaccio
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Empire of Whiners By Pepe Escobar
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Making America Great, Again? By Kim Petersen
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Watch; Wasserman Schultz Scandal Is Media's
Russian Dream Tucker Carlson
- Video
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The German People Cannot Ignore the Crimes
Committed by Israel? By
William Hanna
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COUNTER PUNCH
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Jim Kavanagh Donald
the Destroyer: Assessing the Trump Effect
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David Jaffee No
Safe Space for Student X
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
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Russia Suspends US Embassy Use of
Diplomatic Properties in Moscow https://sputniknews.com/politics/201707281055953840-russia-suspends-us-diplomatic-property-use/
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
-Venezuela
to Introduce Ban on Street Protests Peace required
-
Maduro Invita Opposicion a la Reconciliation Por la Paz y Ven
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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