JAN 27 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
Perhaps the sanity of an economy built on building new homes for a core population that
is now shrinking is highly questionable?
But many people rightly state that federal deficit
spending is currently at a half trillion and likely to surge back above a
trillion dollars in the near future. So what am I talking
about decelerating deficits???
To help
clarify my point when I say deficits are decelerating, the
chart below shows total debt (red shaded area), annual federal debt
spending in dollars (black line, on a quarterly basis) and annual
federal debt spending in % terms (yellow line, also on a quarterly basis).
Perhaps the sanity of an economy built on building
new homes for a core population that is now shrinking is highly questionable
(chart below)?
What should already be clear will be obvious for
everyone...the federal "debt" being created isn't actually
"debt" at all. It is being created and spent with no
intention of ever repaying it and the move back to zero % interest rates (or
more likely NIRP) on that "debt" will make clear that it is
simply centrally created and centrally directed monetization.
And the resultant
wealth is being centrally directed to a shrinking minority of asset
holders at the expense of the vast majority. The founding fathers worst
nightmare come true.
….
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The stock market is scoring new highs at the fastest clip in history...
Not only is The S&P 500 at its most overbought in its
history...
This new
record surpasses the former mark of 45 set in 1954. And looking back over the last 100-plus years, there
have now been just 14 unique occasions with even 35 new highs over a 100-year
span.
So will the new highs continue
from here – or is there nowhere to go but down at this point? Well, we’re not going
to pretend that a new high is a bad thing. In fact, it’s about the most bullish thing a security or
index can do – no resistance at all-time highs, you know. Furthermore,
the momentum often generated by moves to new highs can be a powerful and (at least,
temporarily) persisting phenomenon. That is, until the final high of the run. Obviously one high will eventually mark the top and
the upward momentum will cease.
Are we at that point now?
Are stocks going to come crashing back to earth – or can the market continue
its levitation act a little longer?
….
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The
next recession is going to be caused by making the same mistake of the previous
ones: denying
the the level to which we've accumulated risk.
Seems all concerns about a global slowdown and subsequent recession
have disappeared. What has changed?
Looming
Risks
Today's Synchronized Growth Can Easily Become the
Synchronized Crisis of Tomorrow
Let us think of the risks to a growth period that is based on ignoring
high debt and financial bubbles.
The main
issue of the current recovery is that it is slower than any other in history
and at the same time the world has not seen a significant cleansing of the
imbalances of the major economies. Brazil is likely to exit recession with its industrial overcapacity
intact, for example. This will likely drive a more pronounced decline when
monetary policies normalize.
What Could Cause the
First Domino to Fall?
We must pay attention to the domino effect of extreme monetary policy. The major central banks’
balance sheets accumulate $20 trillion of assets, and interest rates are at the
lowest level in 3,000 years.
Even if you believe these policies have helped to lead the world out of
the crisis, which is more than debatable, the next
recession will likely be caused by the unintended consequences of cheap money
and cheap debt.
The next recession is going to be caused by making
the same mistake of the previous ones: denying the the level to which we've
accumulated risk. It is unlikely that
we will see it in 2018, but the main reason is because imbalances are being
perpetuated through central-planning.
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"We’re in a situation in
Illinois where our pension debt is just crushing. When you have the largest
pension debt in the world, you probably ought to be thinking big."
See chart: https://www.zerohedge.com/sites/default/files/inline-images/illinois%20pension%20underfunding.png
"It absolutely increases default risk. There’s
no cushion" Ciccarone said.
But that's not Illinois
problem: at this point the state's default is only a matter of time, and as
such it may as well accelerate it if it means a faster transfer of cash from
willing idiots debt investors to the state's retirees. And considering that
Illinois' general obligations were trading back at par just a few months ago
after tumbling in late 2016...
In short: the presence of numerous
idiots debt investors who are willing to gamble with other people's money just
to beat treasuries is guaranteed.
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[[ MY MESSAGE: NEOLIBERAL SYSTEM IS NOT FOR YOU..
WE HAVE TO PUT IT DOWN! ]]
Note from Hugo Adan.
AT http://nd-hugoadan.blogspot.com/
POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
Getting ready for WW3?
Or the usual: buy our weapon’ production to continue expend more?
Today the United States Air Force is kicking off its
largest-ever, three-week premier set of air war drills,
called Red Flag 18-1, starting on Friday and will conclude February 16, said
the 99th Air Base Wing Public Affairs.
[[ If drills are to protect Amer..
where are the bunkers to protect our Nation? The rich have it but we don’t.
We’re unprotected against foreign missiles.. They will come if we start WW3.
]]
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And this is what we get for record high stock prices, record high debt, record high
central bank balance sheets, and record high complacency?
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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
Turkish foreign minister Melet Cavusoglu said that Ankara is
calling upon the US, its official ally in NATO, to cease any and all support to
Syrian Kurdish forces and militias.
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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Video: Turkey Threatens to Attack Manbij in Northern
Syria. Seeks Annexation. Operation against Kurdish Forces By South Front
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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars
uncovered ..
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
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Keiser Report "Obama es una fantasía y Trump
es la vida real"
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PRESS TV
Global situation described by Iranian observers..
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