NOV 19 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
WORLD neoliberal collapse:
"We are in a multidimensional and fully internationalized
carry trade game, folks,
which means there is a very serious and tangible risk pool sitting just below the surface across
world’s largest insurance companies, pensions funds and banks, the so-called
'mandated' undertakings..."
Last month, the Japanese government auctioned off some US$4 billion worth
of new two-year bonds at a new record low yield of negative 0.149 percent. See chart 1
In a way, the bet on Japanese bonds is the bet that
the massive tsunami of monetary easing that hit the global economy since 2008
is not going to recede anytime soon, no matter what the central bankers say in
their dovishly-hawkish or hawkishly-dovish public statements. And this expectation is not only contributing to the
continued inflation of a massive asset bubble, but also widens the financial
sustainability gap within the insurance and pensions sectors. The stage has
been set, cleaned and lit for the next global financial crisis.
Worldwide, current stock of government debt trading
at negative yields is at or above the US$9 trillion mark, with more than
two-thirds of this the debt of the highly leveraged advanced economies. Just under 85 percent of all government bonds outstanding and
traded worldwide are carrying yields below the global inflation rate. In simple
terms, fixed income investments can only stay in the positive real returns
territory if speculative bets made by investors on the direction of the global
exchange rates play out.
Much of this debt buying produced no meaningfully
productive investment in infrastructure or public services, having gone
primarily to cover systemic inefficiencies already evident in the state
programs. The result, in
addition to unprecedented bubbles in property and financial markets, is low
productivity growth and anemic private investment. (See chart 2.) As recently
warned by the Bank for International Settlements, the
global debt pile has reached 325 percent of the world’s GDP, just as the labor
and total factor productivity growth measures collapsed.
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For an economy that is supposed to be in recovery, the fact
that the average difference between GAAP and non-GAAP Dow Jones earnings was 16% is a big, red flag that something is wrong below the
surface.
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... the marginal price setter is
“irrationally exuberant”, or dare we say it out loud? “Greedy.”
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"The growth
fairy did not appear then, and it would be unwise to assume she will this time around..."
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""We remain constructive on financial assets not
because we believe in a sustainable recovery but rather because we do not believe in one, and thus we do not see any viable alternatives to an ongoing
financialization, which needs
to be facilitated through excess liquidity, avoiding proper price and risk
discovery, and thus avoiding asset price volatilities.
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"If the idiots in the intelligence community
expect us to believe them after all the crap they have told us (like WMD’s in Iraq and “no we don’t collect
data on millions or hundreds of millions of Americans”) then they need to
give clear proof of what they say. So far, they have failed to prove anything."
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"How could such smart people be so stupid? The cynical answer is they knew about the
potential dark side all along and didn’t care, because to acknowledge it might have undermined
the aforementioned licences to print money."
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"...white men continue to be the–pose the biggest
threat to Americans every single day. It’s been documented and verified..."
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"... LaVar
Ball, the father of LiAngelo, is
unaccepting of what I did for his son and that
shoplifting is no big deal. I should
have left them in jail!"
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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
The key move in the FX majors last
week as the upturn in EUR/USD, where the first key area of support on the
downside at 1.1500-1.1625 held well to generate the move up into the mid-upper
1.1800's.
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The IDF announced that an Israeli
tank had fired upon Syrian army positions near the Israeli border in the Golan
Heights on Sunday, following what the IDF called a "violation of the 1974 ceasefire."
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A Swiss
asset-management firm called Vontobel launched a new futures product
on Friday that will make it easier for retail
investors to short bitcoin...
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"The world is
changing fast, but the west is clinging on to a unipolar vision of the world that has passed..."
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GLOBAL
RESEARCH
Global Econ-Pol crisis leads to
more business-wars: profiteers US-NATO
under screen
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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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