DEC
1 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
"...To the contrary. The
GOP tax bill is of the lobbies, by
the PAC,s and for the money. Period.
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Accordingly,
the net gain in after tax cash flow embedded in the Senate bill amounts to just 5% of
profits. Even if American businesses were starved for capital----which is
hardly the case---such a modest release of pre-tax
earnings is hardly going to incite a tsunami of investment, output, jobs, wages
and tax revenues.
At the same time, net investment in
real plant, equipment and technology is still35% lower than it was at the turn of
the century. Funding has exploded, but investment in real productive
assets---after allowing for current year depreciation on the existing
stock--- has effectively imploded.
The chart below belies that presumption completely. Wall Street
runs a continuous movable feast of equity liquidation, not
new capital raising.
US corporations have been incentivized by essentially
one-way, central bank
supported casinos--- which masquerade as stock markets----to convert their
cash flows and balance sheets into massive stock purchases.
Give US companies an additional $900 billion over the next decade and the main result will simply be
even longer blue bars in the chart above.
That's exactly what 100
prominent conservative economists recently argued in the flowing missive:
In today’s globalized economy, capital is mobile in its pursuit of lower tax jurisdictions.
Yet, in that worldwide race for job-creating investment, America is not economically competitive. Here’s why:
Left virtually untouched for the last 31 years, our chart-topping corporate tax
rate is the highest in the industrialized world and a full fifteen
percentage points above the OECD average. As a result
of forfeiting our competitive edge, we forfeited 4,700 companies from
2004 to 2016 to cheaper shores abroad. As a result of sitting idly by while the
rest of the world took steps to lower their corporate rates, we lowered our own workers' wages by thousands of dollars a
year.
In short, US
companies have off-shored their tax books because they can. Thanks
to favorable tax rulings over the years this has been made all the
easier by blatant but legal sheltering
devices----such as having an Irish subsidiary own the technology patents and
charge the US tax entity a stiff royalty for using them.
At the end of the day, the GOP tax bill boils down
to borrowing more than $1 trillion from the American public in order
to pay higher dividends to wealthy private stockholders.
And that's a real con job.
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If you want more on the debacle of the US economy OPEN THIS
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"You never go broke taking
a profit..."
Janet Yellen was focused on Federal Debt, the real issue is total debt as a percentage of the economy.
Every piece of leverage whether it is government debt, personal debt and even
leverage requires servicing which detracts “savings” from being applied to more
productive uses. Yes, in the short-term debt can be
used to supplant consumption required to artificially stimulate growth, but
the long-term effect is entirely negative. As
shown in the chart below, total system debt how exceeds 370% of GDP and is rising.
Here some reading for this weekend
Trump,
Economy & Fed
- Pressure On Households Intensifies by Danielle Dimartino-Booth via Bloomberg
- Can Powell Bridge The Gap At The Fed? by Caroline Baum via MarketWatch
- GOP Tax Bill: “Fuggedaboutit” by David Stockman via Daily Reckoning
- A Conservative Uprising Confronts Deficit Hawks by Russell Berman via The Atlantic
- Can Tax Reform Add 0.4% Growth? by Committee For A Responsible Federal Budget
- Why Lowering Corp Tax Rate Will Create Jobs by Simon Constable via Forbes
- Budget Deficits Still Matter by Kevin Williamson via National Review
- Congress Is Hijacking Trumps Tax Plan by Jonathon Trugman via NY Post
- GOP Tax Plan Can Help Small Business by Stephen Moore via The Washington Times
- Corporate Tax Cut Won’t Boost Economic Growth by Patrick Watson via Forbes
- America’s Supply-Side Scam by Stephen Roach via Project Syndicate
- Why The GOP Tax Plan Is So Unpopular by Derek Thompson via The Atlantic
- GOP Plans To Hike Capital Gains by Robert Graham via The American Spectator
- Senate Making Tax Bill Even Worse by NYT Editorial
- Fed’s Window Is Closing by Eddy Elfenbein via Crossing Wall Street
- Not Much Evidence Tax Cuts Boost Wages by Marc Chandler via Real Clear Markets
- GOP Idea Of Tax Relief To Poor Disappeared by Jeff Stein via Washington Post
- Taxes & Growth: A Cautionary Tale by William Gale via Brookings Institute
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Markets
- DB Explains 5-Biggest Market Conundrums by Tyler Durden via ZeroHedge
- Throw Out The Stock Market Playbook by Mark Decambre via MarketWatch
- Some Options For Protecting Your Gains by Brett Arends via MarketWatch
- From $60 To $450 Million by SA Gil Weinreich via Seeking Alpha
- Today’s Rational Exuberance by Anatole Kaletsky via Project Syndicate
- The Source Of The Next Crisis by Kevin Muir via The Macro Tourist
- How To Interpret Today’s Yield Curve by David Andolfatto via MacroMania
- The Most Ridiculous Statement In Finance by Shawn Langlois via MarketWatch
- Can You Afford To Bet On BitCoin by Michael Kahn via Barron’s
- Complacent Investors Run Risk by William Watts via MarketWatch
- Risks To The Bull Market by Charlie Himmelberg via Goldman Sachs
- Bubble Dynamics & Market Crashes by James Rickards via Daily Reckoning
- What To Worry About In This Bull Market by Bloomberg Staff Writers
- Corporate Tax Cuts Seen & Unseen by Michael Lebowitz via RIA
- An Earnings Driven Meme by Doug Kass via RIA
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Research /
Interesting Reads
- National Debt Jumps By $723 Billion In 12 Weeks by Wolf Richter via Wolf Street
- The Fiscal Burden Of Illegal Immigration by Tyler Durden via ZeroHedge
- Blowing Up The Debt Is A Threat To America by Leon Panetta via USA Today
- We Are In The Most Dangerous Part by Edward Harrison via Credit Writedowns
- Annoying CAPEX vs Buyback Narrative by Lawrence Hamtil via Fortune Financial
- Lessons From A Short Seller by CFA Institute
- What Does A Flat Yield Curve Mean For Stocks by Stockcharts
- Chance Of A BitCoin Crash Greater Than 80% by Market Hulbert via MarketWatch
- Hindenburgs & Titanics by John Hussman via Hussman Funds
- Great Expectations by Dana Lyons via The Lyons Share
- BitCoin Is Bigger Than Beyonce, Swift & Kardashian 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
The Senate tax bill is headed for a potentially unlimited series of
decisions on possible amendments - known as “vote-a-rama” -
as the full text of the revised bill has just been released.
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"...The world is
being driven to Armageddon simply because a greedy and corrupt US military/security complex needs an enemy to
justify its huge budget, because Hillary
and the DNC cannot accept a political defeat, and because the
neoconservatives have an ideology
of American Supremacy.."
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"As we head into 2018, governments around the world will
become increasingly insecure about their positions of power and control,which will result in increased
paranoia about whether or not they have the consent of the governed...Being a global empire in decline,
the U.S. power structure has the most to lose, making it particularly
vulnerable to such panic."
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" It now seems evident that the Neoliberal
Camp of the U.S. Deep State is highly vulnerable on an
individual basis..."
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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
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Mike Flynn Pleads
GUILTY to Lying to the FBI About Russia
By Geoff Earle
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SPUTNIK and RT SHOWS
The nasty business of US-NATO-Global-wars uncovered ..
Continued
US Military Presence in Syria Raises Risk of Wider Regional War https://sputniknews.com/analysis/201712021059625943-usa-militry-syria-risks-war/
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RT SHOWS
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Keiser
Report Episode
1157 Max and Stacy on “bitcoin
is paving the way for the reintroduction of gold as global money.” In the 2nd
half, Max inter Jameson Lopp about latest with bitcoin markets
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NOTICIAS IN SPANISH
Latino America fight to break with collapsing Empire: leftist view on alternatives
Rebelión/Instituto de Cultura y Comunicación UNLa
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Hipótesis:
el policía que por error mato 1 indignado creo el “fraude”
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Ecol -Arg: procesados por violar Ley de
Glaciares Un fallo con peso histórico
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PRESS TV
Global situation described by Iranian observers.. Titles
distorted n incomplete sentences
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