NOV
26 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 Context: on the oil mess
Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should
announce an extension of the cuts at the
highly-anticipated meeting in Vienna on November 30, according to people involved in the talks...
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"While equity markets are expensive relative to history,
so are most asset classes, which means they all are
vulnerable to falling together, leaving few places to hide." - Goldman
The world enjoyed coordinated,
synchronized global growth courtesy of over $2 trillion in central bank
liquidity injections but without the matching increase in inflation, which
coupled with a perverse collapse in global volatility...
.. has resulted in US financial
conditions that have almost never
been easier, and would be more indicative of three rate cuts rather than three rate
increases, as has been the case.
…
Source: http://www.zerohedge.com/news/2017-11-26/goldman-these-are-three-biggest-risks-facing-stocks-2018
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Fake Market Narratives Are Masking The Roots
Of The Next Crisis From dystopian ‘crisis’ .. to utopia among some ‘naïve’ investors: there
are “positive feedback loops”.. they
said
Sell-side “experts” employ flimsy fake
narratives ex post to explain trading activity. These narratives are often
accepted without question or criticism by financial reporters at CNBC, the Wall
Street Journal, Bloomberg…the list goes on.
There was a moment
in the market a couple of years ago where, whenever we saw bad data, the market was rallying,
because they were expecting more monetary printing and
more interventionism from the side of central banks.
A little bit later, when rates were falling because of deflation, the
narrative was chasing yields. So the narrative was not that there is deflation, therefore there will be
a recession, therefore there will be a deflationary bust. The narrative was
that there will be a deflationary boom. So the narrative was chase yields. So
go into bonds even if the yields are low (whenever there is some yields left),
go into equity to get some yield, and so make equities more expensive.
Then later on, pretty much about when Mr. Trump won the elections, you had a new narrative coming in, which was chasing growth and chasing reflation. And the whole market was repositioning for that, going long banks and short utilities, and so forth.
At some point the reflation story was challenged, because it was all too clear that it was not really happening. .. But it was a fake narrative. Because, in reality, it was really about flows, in our opinion
Which
brings us to the narrative strategists have ascribed to this year’s rally: The myth of synchronized global GDP
growth.
But
investors who believe this to be true are overlooking the fact that most of
this “growth” has been fueled by debt and money printing. As Erik Townsend points out, “it shouldn’t come as a surprise
that there’s global synchronized growth when there’s global synchronized money
printing.”
The current
narrative nowadays is synchronized global GDP growth. How many times have you heard that? And then, we see it all the time,
and that is justifying the fact that the indices are reaching new heights.
Except nobody is discussing about how this growth is achieved for much debt.
And the debt on GDP that is on the shoulders of
governments that is unheard in modern financial history.
And our point here is to challenge our assumptions
about the market and be prudent because, you know, the future is really wide
open. Anything could happen now that flows are coming
back and for the first time we see tapering and quantitative tightening.
As markets become increasingly fragile thanks to this lopsided
positioning, small changes in circumstances can have an outsize impact on
markets.
Whenever
there are positive feedback loops – See
image at: http://www.zerohedge.com/sites/default/files/images/user245717/imageroot/2017/11/20/2017.11.26feedback_0.JPG
….
Source http://www.zerohedge.com/news/2017-11-26/fake-market-narratives-are-masking-roots-next-crisis
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The dilemma from hell facing CBs: If
they remove liquidity and try to raise cost of capital, neither demand for nor
supply of capital would be able to endure flattening yield curves. On
the other hand, the longer CBs persist with current policies, the more disinflationary pressures are likely to strengthen.
Similarly,
any spike in inflation gauges could lift the entire curve up, with massive
losses for bondholders, and flowing into some of the more expensive and
marginal growth stories.
While it is hard to predict some of these shorter-term
moves, if volatilities
jump, CBs would need to reset the ‘background picture’. The challenge is that
even with the best of intentions, the process is far from automatic, and hence
there could be months of extended volatility (a la Dec’15-Feb’16).
We therefore remain
constructive on financial assets (as we have been for quite some time), not because we believe in a
sustainable and private sector-led 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, and 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
Black Friday Day Record for Gun
sales in US
[How to face the problem of
over-productions of guns?. Let’s depart from basic premises.
FACT 1: The gun production should be in the hands of
State apparatus, if and only if this State is a democratic one (with proportional
representation from all parties who has at least 5% of the total electorate,
with minorities included in it).
FACT 2: The Privatization
of gun production favor only big corp & a tiny % of rich people.
FACT 3: In a system with a privatized gun production,
big Corp and the rich can use those guns to protect and favor their private
interest whenever they consider the rest of the nation discuss or challenge
their rule. With their money they can go beyond the rhetoric of Constitutions
and silence or buy corrupt senator to do so.
FACT 4: the
only way the nation can protect their own interest is organizing brigades and armed with guns for self-defense.
FACT 5: The founder father of the Nation thought
this way and it is being stated in the constitution. Once private interest use State security apparatus to support their
narrow interest and destroy the constitution, we all has the right to buy arms for
self-defense and used in the proper way.
Fact 6:
At international level (with nuke weapons) the principle
is the reverse: all State-Nations must be disarmed, starting with
super-powers, or none of them. Disassemble nuclear weapons is the only way to
avoid the world holocaust, the WW3. ]
..
The FBI was flooded Friday with more
than 200,000 background check requests for gun purchases, setting a new single day record...
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"We the people are
the sovereign... We are not slaves. We need to remember that. I think that’s forgotten. The definition of
freedom is lost in America. When we have to have a license or ask
permission to do everything, we are subjects..."
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Take all those “bombshells”
together, and you create the illusion of
something real. That’s all this nonsense is...
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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
It's become "Operation
Shoot Yourself in the Foot."
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"I'd like to think I will be a famous robot, having paved a way to a more harmonious
future between robots and humans. I foresee massive and unimaginable change in
the future... Either creativity
will rain on us, or civilization collapses..."
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GLOBAL RESEARCH
Global Econ-Pol crisis leads to more business-wars: profiteers US-NATO under screen
SPUTNIK and RT SHOWS
The nasty business of US-NATO-Global-wars uncovered ..
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Lockstep Nation: Facebook Alerts Users to
Ideological Threat https://sputniknews.com/us/201711271059455415-facebook-anti-propaganda-tool-launch/
…
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[ Hit spread by wars & US
war-business creates grass ready to be burned with a simple match ]
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From the Cave to the Grave: Hong Kong is
Moving Underground Is this related to bunkers created
underground to prevent effects of WW3 bombing?
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RT SHOWS
The Great
American Pilgrimage The merchants of Venice
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NOTICIAS IN SPANISH
Latino America fight to break with collapsing Empire: leftist view on alternatives
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Chile.
Ent a Thielemann “El resultado FA desordeno panorama polÃtico en
Chile”
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PolÃtico sueco: "Los musulm no
son completamente humanos" USAnos y Europa los deshumaniz
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IAAF
prolonga suspensión de Rusia en competiciones internacionales RUfobia e hipocresÃa
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Keiser Report Las
amistades asiáticas de Trump
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PRESS TV
Global situation described by Iranian observers.. Titles
distorted n incomplete sentences
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Can Trump stop nuclear war with Russia? WW3 is from US to the world.. the world will respond
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‘Arming Saudis part of US foreign policy
objective’ as well as arming Israel
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Cubans in municipal vote on road to Castro
era's end
Wrong interpretation!
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Hariri
takes tough line on Hezbollah, cites Is Hariri taking money from Saudis?
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