NOV
10 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
"...we spent a lot of the
tax-payers’ money – in
the wrong way, in my opinion – to save the banks..."
RELATED:
“JNK ETF
down six days in a row, closing near its seven month low... SPX up five
of last six days, closing at an all time high. Which is right?"
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Before we start - let's celebrate.
As @BespokeInvest notes, we're making history today: first 12 month period in the history of the
S&P 500 without a 3% drawdown.
The VIX is
also the lowest on record using a rolling 12 month average.
Bonds and Stocks fell on the week
for the first time since June...
The Dollar Index fell for the first week
in the last 4...
One reason for the drop in Bitcoin is perhaps some wealth
transfer from crypto to cash spending for Singles Day... See image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/07/20171110_eod4_0.jpg
….
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The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is
zero, because it's far too
profitable for politicos to operate their auction for tax favors.
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“In investing, what is comfortable is rarely profitable.”
…
“Tax cuts do not pay for themselves; they can create growth, but in the
amount of tenths of percentage points, not whole percentage points. And they certainly cannot fill in trillions
in lost revenue. Relying on growth
projections that no independent forecaster says will happen isn’t the way to do
tax reform.
As the chart below shows there is ZERO evidence that tax cuts lead to
stronger sustained rates of economic growth. The chart compares the highest tax rate
levels to 5-year average GDP growth. Since Reagan passed tax reform, average
economic growth rates have only gone in one direction.”
You can’t
solve a debt problem, by issuing more debt.
While Congressional members continue campaigning that
the “tax plan” would give an $1182 tax cut to most Americans,
and boost wages by $4000, such has never been the case. A recent study by the Economic Policy Institute suggested the same in a recent study:
“Cutting corporate tax rate cuts would do very little to
boost employment generation. In fact, cutting corporate tax
rates ranks as the least effective form of fiscal support for
employment generation, since corporate tax cuts primarily benefit rich
households—who are less likely to
increase their consumption than low- or middle-income households when they
receive tax cuts.”
This is a point I have made
previously. Corporate tax rate cuts will unambiguously redistribute post-tax
income regressively. The corporate income tax is a progressive tax,
with the top 1% of households accounting for 47% of the corporate income tax
Don’t be bamboozled by the idea that
tax cuts and reforms will lead to sustained economic growth. There is simply NO evidence that such is the
case over the long-term.
HERE the reading for this weekend:
Trump,
Economy & Fed
- Supply Shocks Raise Odds Of Fed Mistakeby Danielle Dimartino-Booth via Bloomberg
- The “Rob Peter To Pay Apple” Actby Matt Labash via TWS
- Cutting Corporate Taxes Is The Best Part Of The Plan by Caroline Baum via MarketWatch
- Deficit Hawks Skeptical Of Assumptionsby Matt Welch via Reason
- Which Companies Spend Most On Lobbyists by Simon Constable via Forbes
- Most Important Things Still In The Tax Bill by Nathan Lewis via Forbes
- Amended GOP Tax Plan Points Released by Tyler Durden via ZeroHedge
- The “Haggling” Will Only Intensify by Joe Ciolli via BI
- Please Stop Calling Me A “Shadow Banker” by Pedro Da Costa via BI
- GOP Has A $74 Billion Hole In Their Tax Bill by Bob Bryan via BI
- Why The Numbers Don’t Add Up For The Tax Bill by Yuval Rosenberg via Fiscal Times
- A Government Of, By & For The Plutocrats by Nomi Prins via The Daily Reckoning
- Proposed Tax Bill Needs To Die by David Leonhardt via NYT
- Tax-Cut Proponents Ignore There’s No Free Lunch by Henry Aaron via Real Clear Markets
- GOP Tax Plan Screws The Middle Class by David Stockman via Daily Reckoning
- How The GOP Can Pay For The Tax Plan by Hugh Hewitt via Washington Post
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Research /
Interesting Reads
- Tax Cuts Will Balloon US Debt To 120% by Wolf Richter via Wolf Street
- The Great Pension Bail Out Bill by Tyler Durden via ZeroHedge
- Chances This Market Rally Ends Badly by Simon Maierhofer via MarketWatch
- It’s Time To B.U.T.T. by Kevin Muir via The Macro Tourist
- A Dozen Business Lessons From “Waffle House” by Tren Griffen via 25iq
- Bread & Circuses by Buttonwood via The Economist
- A Sober Reading Of 3% Growth by Joe Calhoun via Alhambra Partners
- The GOP & WallStreet Putting Economy At Risk by Phil Angelides via Real Clear Markets
- Most Dangerous Shortcut In Financial Planning by West & Ko via Research Affliliates
- This Time IS Different, Just Not How You Think by John Hussman via Hussman Funds
- Small Caps – Close But No Cigar by Dana Lyons via The Lyons Share
- How The “Winner Take All” Era Ends by Jesse Felder via The Felder Report
….
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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
China's non-financial corporate
debt now accounts for a third of global non-financial corporate debt;
meanwhile, China has also contributed an unprecedented
one-third of total global growth – more than the combined contribution of
advanced economies - in the past decade. And the ECB is getting very
worried.
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Despite the recent market rally and
current bullish streak in oil prices, the years-long competition for market share between OPEC and
U.S. shale producers shows no sign of abating, and will likely continue for the next several years
at least.
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POLITICS
La seudo
democ y sist duopolico es obsoleto por
fraudulento y corrupto. Urge cambiarlo
"While the solid support of Trumpians is
indispensable for GOP victory, it is
insufficient for GOP victory. Republican candidates will have to decide how
close they wish to get to President Trump, or how far away they
can risk going and survive."
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"The degenerates in power
know that another war in the Middle East won’t be popular. Dissent must be silenced ahead of a big war
push, and narratives must get
in line in order to successfully sell the public
on another violent and disastrous adventure against our best
interests..."
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IRAN AS PRETEXT FOR WW3
As usual US’ WARS start with lies..
This time WW3 will hit US and
there won’t be winners.. only death n world destruction
READ THIS:
"The ballistic missile fired by Yemeni rebels
that targeted the Saudi capital was from Iran and bore 'Iranian
markings'." the top U.S. Air Force official in the Mideast
said Friday.
[[ IRAN is only the pretext for war. The
focus is on RU and china ]]
GO to whole art at:
Here Point 4: The conclusion:
4- CONCLUSION
RADICAL change is coming at
the level of economics and politics.
IN SHORT, now is the perfect time for Trump
to re-think reality, and correct mistakes –and above all- to re-shuffle the whole cabinet.. If W-establishment and/or ‘deep-state’ do not
accept the need to restore democracy, Trump must
denounce them and announce resignation with a clear statement announcing
candidacy for next election. That will create a huge political crisis and “Washington-deep-state”
will be destroyed.
If Trump do not lead the fight to
restore democracy it means that he has been coopted and nothing but WW3 is expecting
from him. In other words: Americans can’t rely on a servant of
W-deep-state to defend the main values
of our Nation: Peace, freedom and democracy.
However, at this moment, there is
hope: there are positive
expectation at the top and the bottom for Trump to be a “real President”. The big Corp that rules America have not
choice. Either W-deep-state accept a DEAL to foster peace, democracy and
freedom or disappear.
Trump urgently needs a
post-neoliberal agenda and time to re-think on it. Then he will have the
chance of being a new FD Roosevelt and
RULE for the whole NATION .. if and only if he cleaned
the current swamp of W-deep-state,
as he promised during election 2016. ]]
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Left to their own devices, there seems to be no
stopping them. The thing is, there’s
something that governments value above all else: control. Perhaps the real
question is just how close to the deep state (s) are
some of these companies already?
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President Trump and President Putin
on the sidelines of the APEC summit, the two 'old
friends' came face-to-face during the photo-op at the start of the
conference... and the
handshake took place...
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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
On
The Brink Of War
Must Read - By Abdel Bari
Atwan
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ISIS
Defeated In Syria And Iraq - Main Street Media Ignores It By Pepe Escobar
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Debunking
Two American Myths
By The Saker
The US military superiority - and the myth about the US
invulnerability
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Hamid
Karzai: US Colluded With ISIL in Afghanistan By Al Jazeera
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Trump
Adviser M Flynn Probed Over Plot to Kidnap Cleric and Render to Turkey For $15
million By Nikki
Schwab. [[ following the
corruption path of Hillary Clinton ]]
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COUNTER PUNCH
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Elizabeth Nelson – Eddie Pepitone Music
and Comedy at the End of the American Empire
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Linn Washington Jr. General
Kelly — Historically Ignorant or Hysterically Bigoted?
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George Ochenski Hillary
Clinton and the DNC: The Fish Rots From the Head
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Kevin Zeese - Margaret Flowers From
Neoliberal Injustice To Economic Democracy
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Andre Vltchek Long
Live the October Revolution!
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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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PRESS TV
Global situation described by Iranian observers.. Titles
distorted n incomplete sentences
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