NOV 13 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
GLOBAL Context
Being the first data following The National Congress, we are
expecting little in the way of disappointment from China's macro data. However,
the slowdown in
credit supply has been well telegraphed, and sure enough the data was
not pretty with FAI growth at its
weakest in 17 years, Retail Sales and Industrial Production both disappoint.
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"...a
functioning democratic republic is premised on a simple agreement that We
(the people) will freely choose our leaders... The intervention of the Federal Reserve into that equation, controlling interest rates, outright purchasing assets, and
plainly goosing asset prices has
introduced a cancer into the nation which has now metastasized."
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"Neoliberal theory and its policy offshoots
have failed. Promoting
individual happiness as our utmost ethos is self-defeating,
as deeply divided societies turn
unstable and unhappy..."
…
The idea that every American has an equal
opportunity to move up in life is false.
Social mobility has declined
over the past decades, median wages have stagnated and today's young generation
is the first in modern history expected to be poorer
than their parents. The lottery of
life - the postcode where you were born - can account for up to two thirds of
the wealth an individual generates.
The
growing gap between the rich and the poor, the old and the young, has been largely ignored by policymakers and
investors until the recent rise of anti-establishment votes, including those for Brexit in the UK
and for President Trump in the US. This is a mistake.
Inequality is much more than a side-effect of free
market capitalism. It is a symptom of policy negligence, where
for decades, credit and monetary stimulus shortcuts too easily substituted for
structural reform, investment and economic strategy.
Credit was the answer to
declining growth and rising inequality: if you couldn't afford university, a
new house or a new car, Uncle Sam would lend you the key to the American Dream
in the form of that extra loan you needed. Over the following decades, state
subsidies to private credit became popular, spreading to the U.K. and Europe.
The alternative to redistribution is instability and
crisis. Inequality provides fertile ground for
populist parties to harvest support. The
US, for instance, has recently been downgraded from full democracy to a flawed
democracy. Over time, populist policies can destabilize democracies,
turning them towards nationalism, militarism and anti-capitalism. The outcome
of populist regimes in history ranges from higher taxes to nationalizations and
violations of private property, to commercial and military conflicts.
Neoliberal theory and its policy offshoots have
failed. Promoting
individual happiness as our utmost ethos is self-defeating, as deeply divided
societies turn unstable and unhappy. We need a new American dream based on equality
and sustainable growth. The cost of sharing opportunity and wealth may be high
for today's elites, but the alternative is far worse.
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While earnings day moves have increased,
and stock dispersion generally has jumped to the highest since the Trump
election, index moves have
been the smallest in years.
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"In essence, the BoJ engaged in a massive quantitative easing program
where they printed bonds to buy stocks
(through their public pension plan)... Well, guess what happened
this week? The GPIF has now
reached their 25% allocation to domestic stocks..."
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The Gulf of Alaska cod populations
appears to have taken a nose-dive.
Scientists are shocked at the collapse and starving fish, making this
the “worst they’ve ever seen.”
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It seems that the never-ending
"thirst for yield" from the world's massive pension funds, combined
with ever-present "cash on the sidelines" problem, is driving the creation of yet another global financial bubble in emerging market junk bonds.
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"It infests America like a malignant tumor,
exceeding the worst of the
post-WW I 'Red Scare' and its repeat following WW II."
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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
"Two
years ago, German intelligence warned
the world of the unique risks Saudi Arabia posed to the region...At the core of this intelligence warning was
none other than crown prince Mohamed bin Salman, and the recent purge finally threw it all into
the spotlight for everyone to see."
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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
Will America Survive Washington? By Paul Craig Roberts
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Trump Points To Falsehoods In "Russian
Hacking" Claims - Media Ignore What He Says
By Moon Of Alabama
By Moon Of Alabama
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Washington's Drug of Choice in the War on
Terror By Alfred W. McCoy
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We Sent Them To War, Now It’s Our Turn To Pay By Peter Van Buren
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Paying Off Post-9/11 U.S. War Debt Could Cost
$8 Trillion By Caroline Houck
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In China, Trump Becomes the
Capitulator-in-chief By Tony
Burman
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Republican House Members Think a $450K Salary
is Middle Class By Nicole
Goodkind
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The Assault On RT America By Chris Hedges
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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
Econ -Keep calm and read Marx
Michael R. Krätke
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Sorpresa mundial: La selección de
Italia no irá a Rusia Fue descalificado por Suecia
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PRESS
TV
Global situation described by
Iranian observers.. Titles distorted n incomplete sentences
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