SEP 20 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
While
equity implied vols are compressed to record lows - what
could possibly go wrong with unwinding a $4 trillion balance sheet? - it
appears FX
traders are a little less sanguine about the market's reaction to today's FOMC
decision.
----
----
We would like to do the Fed a favor and
"explain" inflation, or the lack thereof as the Fed laments, with
just one chart.
----
----
Is 'the committee to save the world' about to
'unsave the world'? Not according to
The Fed who see their balance sheet unwind as boring a "watching paint
dry." More than a few market participants believe otherwise, including
BofA who recently warned..."the paint may be drying but the wall is
about to crumble."
----
----
The dollar spiked higher and the
yield curve spiked lower following The Fed's hawkish statement. 2Y yields hit their highest since Dec 2008...
----
----
With the Fed set to unveil its first
balance sheet reduction in modern history - an event that is largely priced in
- what traders
are far more interested in, is what will happen to the Fed's
"dots"...
----
----
Gross vega outstanding in levered
and inverse VIX
ETPs has reached a "staggering" $375 million, an all-time high
following a surge of 50% just in September alone!
----
----
Today's
the day. On Nov 25, 2008 The Fed announced it would begin buying
assets for its own account to save the world. In Oct 2014, The Fed ended its
QE3 buying program but continued to reinvest the proceeds to maintain its $4.4
trillion balance sheet. Today, Janet Yellen
announced the balance sheet will be allowed to normalize, with reinvestments
slowed/stopped starting in October.
----
----
While the scale of the public pension underfunding is unprecedented, with
estimates ranging from $3 - $8 trillion, there
is another taxpayer-funded retirement benefit that has been promised to union
workers over the years that puts pensions to shame...at least on a percentage
funded basis.
----
----
"The process that the Federal Reserve has undertaken has been a
long and arduous one cloaked in disinformation. It is a process
of dismantlement... Daytrading investors are utterly convinced they have the
Fed by the short hairs. I say, the situation is actually in reverse."
----
----
Fed's Asset Bubbles Now At The Mercy Of The Rest Of The World's Central Bankers
“Like watching paint dry… Rates can go up, down
or nowhere. Balance sheet run-off can be done at most any speed. But as long as U.S.
equities remain the AAPL of sovereign wealth funds’ eyes, the Fed has a lot
more room to maneuver than we think and they should take advantage of that
fact.”
----
----
FINANCIALIZATION
& THE DESTRUCTION OF THE REAL ECONOMY by Charles Hugh Smith http://charleshughsmith.blogspot.com
Strip an economy of capital,
productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an
inevitable collapse.
…
Financialization is destroying
the real economy, but few in power seem to notice or care. The
reason why is painfully obvious: those in power are reaping vast fortunes from
the engines of financialization--for example, former President Obama:Obama Goes From White House to Wall Street in Less Than One
Year.
Financialization necessarily
hollows out the real economy, as Gordon Long and I detail in this new video
program: The Results of Financialization - Part I (34
minutes) https://youtu.be/P0F0d8Xi36k
The key dynamic is that
financialization creates irresistible incentives to ramp up debt and leverage
at the expense of the real economy. Those
who fail to exploit financialization will underperform the market and
be fired.
As Gordon explains, if a CEO
refuses to load a company up with debt, a private-equity financier with access
to cheap Federal Reserve credit will scoop up the company in a private buyout,
fire the management, extract immense profits by loading the company with debt, then take the hollowed-out shell public again, reaping another windfall of
financialized gains.
How can corporations pay out more
to shareholders than they actually earned? Easy--financialization.
Another key dynamic in
financialization is limitless liquidity and super low interest rates set by
central banks--rates that
are so low and liquidity so abundant that corporations can roll over their debt
and actually add more debt and keep their interest payments unchanged.
This dynamic inevitably leads
to zombie corporations--corporations with low rates of
growth and profitability and high debt loads that in an unfinancialized economy
would be recognized as insolvent and liquidated.
As we explain, financialization
skews the risk-reward in favor of financial games, so real-world investments no
longer make sense. Why risk building a factory in the U.S. or
training workers when the pay-off is uncertain, when there are so many ways to
reap immense fortunes via financial games that are ultimately backstopped by
the Federal Reserve or federal agencies (i.e. the taxpayers)?
Strip an economy of capital,
productive incentives, talent and yes, ethics, and what are we left with? An
economy spiraling toward an inevitable collapse. The metaphor I've used to explain this in the
past is the Yellowstone forest fire. The deadwood of bad debt, extreme
leverage, zombie companies and all the other fallen branches of
financialization pile up, but the central
banks no longer allow any creative destruction of unpayable
debt and mis-allocated capital; every
brush fire is instantly suppressed with more stimulus, more liquidity and lower
interest rates.
As a result, the deadwood sapping the real economy of
productivity and innovation is allowed to pile higher.
The only possible output of this
suppression is an economy piled high with explosive risk. Eventually Nature
supplies a lightning strike, and the resulting conflagration consumes the
entire economy.
…
The Financial Markets Now Control Everything (April
29, 2015)
I explain all this in greater detail in my short book Why Our Status Quo Failed and Is Beyond Reform.
….
----
"As prices have risen to new highs the volume has waned and waned
and waned again. This we find anomalous, for
volume should always follow the trend
and in this
instance the trend is up while the volume is most assuredly down."
----
----
After
July's housing sales data horrors, yesterday's
permits rebound prompted some hope (despite last week's 9.7% collapse in
mortgage applications) but August's existing home sales
just crushed that dream, dropping to one-year lows. Following a 1.3%
MoM decline in July, August saw existing home sales tumble 1.7% MoM (against
expectations of a 0.2% rebound) and up just 0.2% YoY.
----
----
Weak reviews for iPhone 8, dismal pre-orders, and connectivity issues
for Apple Watch have slammed AAPL shares to their lowest since August 1st earnings. This
has pushed the Nasdaq dramatically lower...
----
----
In what may be one of Janet
Yellen's last, and certainly her most difficult in recent history meetings,
tomorrow the FOMC
will not hike rates but will announce the start of its balance sheet
normalization programme, while revising its economic projections and hinting whether the December meeting is "live"
for one more 2017 rate hike. Here's
what else to look forward to...
----
----
POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"If the US wants to really continue with this
sanctions game, it need also be prepared to face the reality that its not 1989,
and that the world may not be
willing to treat dollars and US sanctions in the way the US expects it to. The likely response will only be the latest evidence that the
US 'unipolar moment' is over. "
----
----
"It goes beyond a financial crisis, it's a
social, political catastrophe..."
----
----
North Korea, Iran, Venezuela are
targets in "compassionate" America's war
on the "wicked few." It's
almost as though Washington felt its hegemony threatened...
----
----
"Rand Paul is a friend of mine but he is such a negative force
when it comes to fixing healthcare. Graham-Cassidy Bill
is GREAT! ENDS OCARE!"
[[ Trump pined the ultra-conservative ]]
----
----
WORLD ISSUES and M-East
Global depression is
on…China, RU, Iran search for State socialis+K- compet. D rest in limbo
The Kurds are expected to vote on their political status in late
September. A
vote in the affirmative would mean that Iraq would lose a chunk of its northern
areas, which includes the crucial Kirkuk oilfield and its surrounding reserves.
----
----
No hay cárceles para todos: la
demanda LIBERTAD dará más
fuerza al Mov Autonomista .. LA REPRESIÓN de hoy juega EN FAVOR DE LOS CATALANES
Spanish police arrested top-ranking Catalan
officials including the region’s junior economy minister Josep Maria Jove, as
Madrid launched a crackdown on Catalonia over the upcoming Independence
referendum.
----
----
Bloomberg’ wishes? Or: Why to pay holders of bonds due in 2027
& in USD? F.. them!
Intermediaries tasked with processing Venezuela’s $185 million interest
payment due Sept. 15 haven’t received the cash to do so. Several holders of bonds due in 2027 haven’t received a payment,
according to Bloomberg.
----
----
DEMOCRACY NOW
US politics crisis:
Trump captured by Deep state to reproduce old cronyism without alter-plan
----
----
----
----
GLOBAL RESEARCH
Global Econ-Pol
crisis leads to more business-wars:
profiteers US-NATO under screen
----
Gallup:
71% of Americans Are “Dissatisfied with the Way the Nation Is Being Governed” By Eric Zuesse
----
----
----
INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
Freedom Is a Myth: We Are All Prisoners of
the Police State By John W.
Whitehead
|
|
 |
|
….
----
Where Are the Brave Military Voices Against
Forever War? By Maj. Danny
Sjursen
----
----
President Hassan Rouhani Speech at UN Video
and Transcript
----
Trump Vomits Hatred All Over The United
Nations General Assembly Video
& Transcript
----
----
COUNTER PUNCH
SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered ..
----
----
The US wants full control of UN…
but the UN do not need the US anymore. Check attack on Ven-Cuba
----
----
Russia-Backed Syrian Army
Counterattacks al-Nusra Front in Idlib Zone
https://sputniknews.com/middleeast/201709201057558408-russia-nusra-syria-army-idlib/
----
Trump on Iran Nuclear Deal's
Future: 'I Have Decided' he
refused to announce it. https://sputniknews.com/us/201709201057556922-trump-decision-iran-deal-no-comment/
----
'Ignorant, Absurd, Hateful
Rhetoric' - Iran's President on Trump's UN Speech https://sputniknews.com/world/201709201057558772-iran-trump-un-speech/
----
'Secret Monetary Policy': Who
Manipulates Gold Prices and Why https://sputniknews.com/business/201709201057560325-who-manipulates-gold-prices/
----
----
----
----
72nd
United Nations General Assembly Morning Session Day 2 (VIDEO) this & more: https://sputniknews.com/world/201709201057551922-unga-day-2-video/
·
20:21
·
18:37
----
----
----
----
----
Ask the CIA .. they may know that hearing defects & brain
injury is normal in a spy: they hear only what they have to & their brain
is ultra-sided pro war. So, normal if suffer paranoia-schizophrenic
----
----
Kurdistan
to Hold Independence Vote Despite Regional, Int'l Pressure – Who is financing them?
----
----
----
RT SHOWS
The World According to Jesse Military
Spending, Transgender Troops & Veteran’s Affairs
----
----
----
----
----
----
NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
No hay comentarios:
Publicar un comentario