OCT 6 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
Americans across the income spectrum have generally grown wealthier
over the past 50 years but those at the top (A.K.A. the "millionaire, billionaire, private
jet owners" to use the parlance of our times) have made out much better
than the rest of us.
…
Of course, part of
the problem is annual household income distributions. As the charts
below reveal, the
gap between real earnings of the top and bottom 10% of households in the
country has nearly doubled over the past 50 years with 90th
percentile families today making 13x more than the families at the bottom of
the income spectrum, compared to 7x in 1963.
See large image at: http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/10/05/2017.10.05%20-%20Income%20Distribuiton_0.JPG
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"It
creates a cash-flow problem. The benefit payments are going to
continue to go up. The contributions are going to continue to go down. That’s
just the math of it."
…
If Bernie Madoff taught us anything it's that every successful
ponzi scheme requires precisely one critical component to keep it afloat: a steady stream of fresh capital to
fund redemptions. Absent that key component, even the
most carefully crafted ponzi, with the best, most creative accounting fabrications
in the world, will inevitably fail from a lack of real, cold, hard cash to keep
the illusion going.
Unfortunately, it
seems that Kentucky's public pensions are now running into the very same
problem that ultimately brought down Madoff's multi-billion dollar 'empire'.
As the Lexington
Herald Leader points out today, it's no coincidence that the Kentucky public
pension system is suddenly collapsing just as the number ofretirees (redemptions) has surged
beyond the number of active
employees (fresh capital) required to keep the ponzi
going.
Of course, the
demographics of the Kentucky pension system are hardly unique. A
surge in Baby Boomer retirements over the next couple of decades, combined with
technological advancements that ensure that only a fraction of those retirees will have to
be replaced with actual human workers, will inevitably result in a wave public pension ponzi failures as they
meet with the same "cash flow problem" as Bernie Madoff.
That said, unlike the Madoff
ponzi, no one will go to jail when the public pension ponzi schemes of the U.S.
are exposed because, for some reason, defrauding taxpayers, as opposed to
investors, is perfectly legal.
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After years of speculation that the BLS data may be simply goal seeking
its "data" to reach a specific, politically-mandated (or motivated)
target, in this case supporting the wage reflation narrative, we finally have
proof.
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The printing-money
machine continue rotten our neoliberal system
"Just like in 2016 (where the cash deficit was $1 trillion), this
past fiscal year saw no major recession. No full-scale war. No financial crisis
or bank bailout... It was just another year… business as usual."
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“In a bear market all stocks go down and in a bull market they go up.“ – Jesse
Livermore
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With the market
recently breaking above 2500, there seems
to be nothing to dampen the bullish exuberance. The recent run, which has largely been focused
on areas in the market with the most
sensitivity to tax cuts, has exploded over the last two
weeks to record highs.
That explosion has
also lead to a surge in the Market Greed/Fear Gauge which comprises
different measures of market complacency and bullishness.
There is the widely viewed CNN Fear/Greed Index.
So, “We have a Bull Market in Complacency.”
– Doug Kass
HERE the readings for
this weekend
Trump Tax Cuts…
- We Elected You, You Owe Us by Caroline Baum via MarketWatch
- An Analysis Of Trumps Tax Plan by The Tax Policy Center
- GOP’s Views On Tax Plan Is Propaganda by Bob Bryan via Business Insider
- Bravo To The GOP For Their Tax Plan by Stephen Moore via The Washington Times
- Trump’s Tax Cuts Will Be Small In The End by Robert Samuelson via RCM
- Link Between Tax Cuts & Growth Is Tenuous by Kate Davidson via WSJ
- Trump’s Tax Plan Promises Are All Wrong by Annie Lowrey via The Atlantic
- Politicians Forget That Real People Pay Taxes by Ira Stoll via RCM
- Tax Reform, The Time Has Come by Wayne Brough via The American Spectator
- If The GOP Can’t Pass Tax Cuts, It’s Over by Adam Brandon via Washington Examiner
- It Won’t Pass – Buffett & Fink Blast Reform Plan by Tyler Durden via ZeroHedge
- Exposing Democrat Lies On Tax Reform by Betsy McCaughey via NY Post
- Trump Pushing Pass-Through Businesses by Pedro Da Costa via BI
- Tax Cuts Will Widen Gap Between Rich & Poor by Eduardo Porter via NY Times
- Detail On Who Pays What In Taxes via RIA
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Markets
- Bear Market Closer With Each New High by Michael Sincere via MarketWatch
- The Holy Grail Of Investing by Alex Barrow via Macro Ops
- What If High Stock Value Revert? by Haghani & White via Bloomberg
- The Coming Bear Market? by Robert Shiller via Project Syndicate
- More Stocks Are Driving The Market by Alex Rosenberg via CNBC
- The Are No Bears Left…Not One by Kevin Muir via The Macro Tourist
- The Stock Market Impact Of Tax Reform by Bryan Borzykowski via Morningstar
- Transports Resurgence Bodes Well For Market by Michael Kahn via Barron’s
- Why Your Neighbors Stock Buying Is Bearish by Mark Hulbert via MarketWatch
- US Shale Not As Strong As It Appears by Nick Cunningham via OilPrice.com
- Could The QE Unwind Trigger A Liquidity Crisis by Lucy Burton via The Telegraph
- Small Cap Rally Is Over Extended by Tyler Durden via ZeroHedge
- Value Is Getting Hard To Come By by Vitaliy Katsenelson via RIA
- Active Vs Passive Conflict by Doug Kass via RIA
- Wall Street Fear Hits A Historic Low by Mark DeCambre via MarketWatch
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Research /
Interesting Reads
- Lenders Continue To Loosen Standards…Big Time by Mark Hanson via MHanson.com
- Your Investment Risk Isn’t What You Think by WSJ
- 4-Fundamental Skills Of All Investing by Morgan Housel via Collaborative Fund
- Skilled Managers Should Hold Fewer Stocks by Amy Whyte via Institutional Investor
- Machine Learning For Investors by Druce Vertes via Alpha Architect
- Active Managers Are Having A Great Year by Joe Ciolli via BI
- How Dollar Weakness Affects Wall Street by Simon Constable via US News
- This Is A Crisis Bigger Than Any Gov’t Can Fix by John Mauldin via Mauldin Economics
- JP Morgan: Here’s What Can Cause The Next Crisis by Joe Ciolli via BI
- What I’ve Learned In 14-Years Of Covering Retirement by Robert Powell via MarketWatch
- Nobody Know What Will Happen by Geisinger & Dittli via Finanz Und Wirtschaft
- Blissful Delusion by John Hussman via Hussman Funds
- “Most Hated Rally” Getting Record Love by Dana Lyons via Tumblr
- Stocks Aren’t At All Fairly Priced To Rates 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
Investigators are "puzzled" by two discoveries: first a
charger was found that does not match any of the cellphones that belonged to
gunman Stephen Paddock. Second,
garage records show that during a
period when Paddock's car left the hotel garage, one of his key cards was used
to get into his room.
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"If we don’t get a grip
on this now and begin to marshal our resources against the most dangerous criminals in America - those from the
highest echelons of U.S. society - the country will continue to unravel and in an
increasingly dangerous and chaotic fashion."
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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
European radiation watchdogs said that a spike in radioactivity has
been detected in the air in western and central Europe. Elevated levels of the isotope Ruthenium-106 have been reported in
Germany, Italy, Austria, Switzerland and France since September 29.
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One day after Saudi king Salman met with
Russian president Putin in a historic meeting in Moscow, the Pentagon announced
it is halting military exercises with Gulf allies.
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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
Syria - Russia Warn Against U.S. Cooperation
With Terrorists By Moon Of
Alabama
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Challenging the Dollar: China and Russia's
Plan from Petroyuan to Gold By
Federico Pieraccini
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Has The Israel Lobby Destroyed Americans’
First Amendment Rights? By
Paul Craig Roberts
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That ‘Israel Lobby’ Controversy? History Has
Proved Us Right By Stephen
M. Walt
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The Rising of Britain's 'New Politics' By John Pilger
Corbyn govt will "immediately
recognize the state of Palestine". ..
“I want a society where cares for everyone else and an economy that
works for all”
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The Mystery of the Russia-gate Puppies By Robert Parry
“Dems can ride
Russia-gate all the way to Trump’s impeachment”.. Trump
too with his WW3 plan
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Trump Presidency Or How to Further Enrich
“The Masters of the Universe” By Chomsky an
Barsamian
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COUNTER PUNCH
Jeffrey St. Clair The Resident
Evil
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Brian Cloughley Menace
Man: Trump Loves the Drumbeats of War
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Louis Proyect History
in Red: America According to Its Natives
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F.T. Green On
the Ethics and Science of Sexual Desire
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Isaac Saney Cuba,
Human Rights and Self-Determination
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Jessicah Pierre The
NFL Should Do More Than Just Take a Knee
didn’t say what more
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Kim C. Domenico Indigenous
Identity: a Way Out of the Neoliberal Quagmire
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
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Doklam Logjam: 1,000 Chinese Troops Still at
Site of Stand-Off border with
India
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“Moron Trump” enough to consider CIA Director
Mike Pompeo to take Tillerson's place:
CIA
Director Top Candidate for Secretary of State if Tillerson Splits - Report .. “Prohibido decir la verdad”: https://sputniknews.com/us/201710071058023500-trump-tillerson-replacement-cia-pompeo/
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Women Right under attack:
Trump
Strips Birth Control Coverage Protections From US Health Law
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On WR not only behind EU Indian
Woman Gets Five Years of Free Taxi Rides After Giving Birth in Cab
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SAUDI: worst terrorist State world-wide. ‘Killing
Spree’: Riyadh Records 100 State-Approved Executions in 2017 So Far. READ ALSO: UN
Blacklisting Saudi Arabia Over Yemen Child Deaths Shows Shift to Tougher
Approach - NGO .. Saudi
Coalition Airstrike Kills 10 Mourners in Yemen
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Image 1 of post-WW3: Identities
of 3 US Green Berets Killed in Niger Released, Fourth Found Dead
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Image 2 of post-WW3: Airborne
Radioactive Isotope Suddenly Sweeps Across Europe
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RT SHOWS:
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[[ What history said on arming Americans: 1- When pilgrims (white invaders from Europe) came
& stole property of Native Indians, pilgrims were
allowed to use arms to keep the stolen property. 2- When Bankers dispossessed
those Pilgrims from “their
property” by using paid police
and “Illegal armed team” the Pilgrims demanded the
right to defense themselves with arms too.. That demand was incorporated
soon after into the Bill of Rights, once the civil movement growth up. Bankers are still stealing properties from US citizens, so we
citizen have the right to defend ourselves against the pillage of big bankers..
the illegal owners of Economic and Political power in
our country. Hugo
Adan]]
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CrossTalk Killing
America In my opinion this
was an “academic manipulation of dreams”
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
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ALC Honduras:
Violencia contra las mujeres alcanza nivel
epidémico
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-Informe
ONU 2017: Cuba vs. Bloqueo
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"Nueva clase de amenaza":
qué puede causar 3ra Guerra Mundial, los misiles supersónicos
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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CALM before the STORM What
does Trump mean by that?
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