OCT 25 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 majority of
middle class wealth is locked up in unproductive
assets or assets that only become available upon retirement or death.
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The Federal Reserve is protecting,
enabling, and rewarding a shrinking number simply for being asset
holders (not for doing anything with those assets) while punishing the growing majority for having few or no
assets... and ensuring the vast majority never will be asset owners as
asset prices surge versus stagnant wages."
But as Ray Dalio
noted yesterday HERE, the recovery is only a
recovery for the wealthy. As the chart below from the Fed's own
Survey of Consumer Finances shows, all the record growth in household net
worth has gone to the top 20% of income earners since 2007 while the remainder
have seen declining net worth.
A
means to detail the impact of this lopsided recovery is the record low US
fertility rate. During each
of the previous run-ups in HHNW, there was a parallel rise in the fertility
rate as young adults felt more confident and capable of forming or growing a
family. However, since 2007,
the collapsing US fertility rate vs. surging HHNW
puts the truth of who is recovering in stark contrast.
See chart in the
Introduction (above)
The Federal
Reserve is protecting, enabling, and rewarding a
shrinking number simply for being asset holders (not for doing anything with those assets) while punishing the growing majority for having few or no
assets... and ensuring the vast
majority never will be asset owners as asset prices surge versus stagnant
wages.
This is all because a flawed economic model premised on perpetual
population growth (turning into consumer growth) has now gone off the tracks as
growth of the consumer class is collapsing.
The portion of
the population growing is so important because average income and spending peak
as the head of the household hits 45-54yrs/old and begins to really decelerate
once the head of household hits 65yrs/old. By
the time the head reaches 75yr/olds, their average income and spending are
halved and their willingness to use credit to amplify their consumption
collapses (chart below).
Lastly, the collapse of the 20-65yr/old population growth across N.
America (US/Canada) is only accelerating and most
if not all population growth will be among the 65+yr/old population (data from US Census and UN).
While presidents
and political parties have swept in and out of "power", the Fed hasn't changed a bit for decades and is protecting
the wealthiest 20% of families (though really it's more like the top 1% to 2%
truly raking in the benefits) and punishing the other 80% holding minimal or no
assets.
And America's
aging population will not allow America to grow her way out of this hole.
Only an
outright, "revolutionary" change from
the current paradigms and removal of "powers that
be" will save the bottom 80% from watching the American dream race
ever further away. But
of course, better make sure any "new boss"
isn't the same or even worse than the "old boss".
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Keep an eye on that VIX, because if the
squeeze has indeed begun, many vol-trading "Target
managers" are about to lose everything.
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Well that escalated quickly..
"Not" a
record high... Trannies were worst on the day (not off
the lows) but Boeing, Goldman, IBM, and Caterpillar weighed on the Dow. NOTE - Dow bounced off lunch from Monday.
But the pattern is the
same across every major index... a complete decoupling
between risk and price...
FANG stocks erased yesterday's bounce...
The Dollar Index rolled over today...
And finally... It's not the economy... It's China stupid!
[[ No RU?..
we’re not really “smart” blaming others for our faults ]]
…
Source: http://www.zerohedge.com/news/2017-10-25/stocks-bonds-dollar-credit-dump-vix-jumps-6-week-high
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While total durable goods orders have stagnated below 2007 highs for the last
4 years, thanks
to a better-than-expected 2.2% jump in September, theYoY gain was an impressive-sounding 8.3% (the
8th month in a row of annual gains).
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"Unlike Jamie Dimon, I
don't believe that bitcoin is a fraud... Bitcoin is not an asset, but a currency,
and as such, you cannot value it or invest
in it. You can
only price it and trade it."
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"The
whole Russia thing … this was the Democrats coming up with an excuse for losing
the election,” Trump told
reporters. “They lost it and
they lost it very badly. And they didn’t know what to say, so they made up the
whole Russia hoax."
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“These are not
mavericks...it creates space for others to speak out.’’
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WORLD ISSUES and M-East
Global depression is
on…China, RU, Iran search for State socialis+K- compet. D rest in limbo
Just hours after Puigdemont snubbed Madrid, canceling his visit to The
Senate to discuss their imposition of Article 155, Catalan
Deputy First Minister Oriol Junqueras told AP that the Spanish government had left
Catalonia “no other option” but to proclaim a new republic.
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The Teranet National Composite House Price Index fell in September. The index experienced a 0.8% drop
when compared to the month before. National Bank of Canada analysts noted this
is the largest drop since September 2010.
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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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The
Euro-Russian Crisis: Dialogue vs. Military Escalation. Dangers of World War III By Global Europe
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INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
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Xi’s Road Map to the Chinese Dream By Pepe Escobar
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Neo-Cons: Our Quest For ‘Absolute Security’ Guarantees
Forever War By Danny Sjursen
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M Pence Casts Tie-Breaking Vote to Protect
Banks from Lawsuits By Bess
Levin Rotten to the core
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COUNTER PUNCH
Geoff Dutton NPR,
the CIA and Corporatism
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered ..
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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
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COL Declaración
de Montecristi: Comunic de FAR del Común y el ELN
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Keiser
Report Criptofascismo y punto de inflexión en
EE.UU.
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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US
senators preparing legislation with tough terms for Iran deal
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