MAR
20 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
Global Context: RECESSION.. we are IN
After
yesterday's violent selloff which was sparked by tech, Tuesday trading has so
far been relatively calm and muted with Europe bourses paring early gains while
Asian stocks trading slightly lower S&P futures were hugging the unchanged
line as Nasdaq futures pointed to more tech declines
.. while S&P futures were hugging the unchanged line as
Nasdaq futures pointed to more tech declines.
See Chart:
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"Cracks
in the bull case are starting to emerge, with fund managers citing concerns
over trade, stagflation and leverage" - BofA
See Chart:
https://www.zerohedge.com/sites/default/files/inline-images/bofa%20global%20growth.jpg?itok=7Kh6d8QT
No less
than 74% of investors surveyed now believe the global economy is in the late
cycle: this was the
highest percentage in survey history, while at the same
time respondents voiced the highest inflation expectations in over 13 years.
As a reminder, global growth turns south coupled with
inflation you get "stagflation", and when as a result the "late
cycle" economy end, RECESSION BEGINS.
See Chart:
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"It appears the present and future generations
opportunities are being sacrificed
to maintain and further a select group in the here and now..."
See Chart:
See more interesting Charts at:
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"Take your pick. Either
way, the market is hugely overpriced..."
BARRING A RECESSION, IT APPEARS THE
US IS RUNNING OUT OF PEOPLE..
See Chart:
Pool of Potential
Workers
There is a
huge pool of workers as shown by the following
Advisor Perspectives chart on the Labor
Force Participation Rate.
See Chart:
Many of them are not counted as "unemployed" even though they
want a job. Why?
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"Whether it is a mild, or 'massive', recession will make little
difference to individuals as the net
destruction of personal wealth will be just as damaging. Such is the
nature of recessions on the financial markets."
See Chart:
There are three lessons that should
be learned from this:
- The economic “number” reported today will not be the same when it is revised in the future.
- The trend and deviation of the data are far more important than the number itself.
- “Record” highs and lows are records for a reason as they denote historical turning points in the data.
For example, the level of jobless claims is one data series currently
being touted as a clear example of why there is “no recession” in
sight. As shown below, there is
little argument that the data currently appears extremely “bullish” for
the economy.
See chart:
However, if we step back to a longer
picture we find that such levels of jobless claims have historically noted the
peak of economic growth and warned of a pending recession.
See Chart:
So, despite record low jobless claims, retail sales remain
exceptionally weak. There are two reasons for this which are continually
overlooked, or worse simply ignored, by the mainstream media and economists.
The first is that despite the
“longest run of employment growth in U.S. history,” those who are finding jobs continues to grow at a substantially
slower pace than the growth rate of the population.
See Chart:
Secondly, while tax cuts may
provide a temporary boost to after-tax incomes, that income boost is simply
being absorbed by higher energy, gasoline, health care and borrowing
costs. This is why 80%
of Americans continue to live paycheck-to-paycheck and have little saved in the
bank. It is also why, as wages have continued to
stagnate, the cost of living now exceeds what incomes and debt increases can
sustain.
See Chart:
Not surprisingly the economic data
rolling in has been exceptionally weak and the first quarter GDP growth is now
targeted at less than 2% annualized growth.
See Chart:
Mal
de todos.. Consuelo de tontos
See Chart:
You can see the slowdown occurring
“real time” by taking a look at Personal Consumption Expenditures (PCE)
which comprises roughly 70% of U.S. economic growth. (It is also worth
noting that PCE growth rates have been declining since 2016 which belies
the “economic growth recovery” story.)
See Chart:
In short: While there may currently be “no sign of recession,” there
are plenty of signs of “economic stress” such as:
- Rising delinquency rates
- Rising levels of charge-offs
- Weakening rates of consumption
- Collapsing yield spreads
- Surging consumer and government debt levels
- Declining wage growth for the bottom 80% of workers
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Following yesterday's collapse, one might have expected a
bip-buyer's bounce, but thanks to headlines from Bloomberg revealing the FTC is said to be probing Facebook for use
of personal data,
Facebook shares are tumbling once again in the pre-market...
See Chart:
…
Source: https://www.zerohedge.com/news/2018-03-20/facebook-shares-extend-plunge-after-ftc-probe-revealed
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POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
To OPEN Press the blue
- Officials Call for Aggressive Probe Into Facebook (WSJ)
- How Facebook Made Its Data Crisis Even Worse (BBG)
- Trump to boost exports of lethal drones to more U.S. allies (Reuters)
- U.S. Plans Heavy China Tariff Hit This Week (BBG)
- The Latest: Package Bomb Explodes at FedEx in Texas, 1 Hurt (BBG)
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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
They were always
clouted with terrorist.. they can’t as
excuse today. They will be wiped out
Erdogan:
"We will suddenly enter Sinjar [Iraq] one night and clear this region of
terrorists."
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One academic who spoke with
Bloomberg said the speech constituted an "official warning" from the
People's Republic of China: Don't interfere in mainland-Taiwan relations.
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AND
THE WORLD'S BIGGEST POSTWAR ARMS IMPORTER IS... Saudis were
& they are
Even though
Saudi Arabia spent the most on importing military equipment in 2017, the long-term picture looks quite
different...
See a manipulated Graph at the source below
Of course.. all of them are importers.. but putting Saudis in
6th place is a cover-up
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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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In case miss it: Jeremy
Scahill on Trump’s Cabinet Shake-up, the Mueller Probe & the Iraq War 15
Years Later
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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EU
Joins UK in Ratcheting Up Anti-Russia CampaignBy Chris Marsden They want WW3 start in
EU
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The
Cloud Act Is a Dangerous Piece of Legislation. Threatens Civil Liberties and
Human Rights in the U.S and Worldwide By ACLU,
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Video: US Establishing Military Facility in Oil-Rich
Area in Deir Ezzor Province – Reports South Front
Get out from there NOW:
you are going to be severely bombed
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COUNTER PUNCH
Jonathan
Cook US
Smooths Israel’s Path to Annexing West Bank
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Nick
Alexandrov Washington’s
Invasion of Iraq at Fifteen
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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars
uncovered ..
Russian Deputy
Foreign Minister Sergei Ryabkov Stated:
"We've warned and warned the US that
these plans must be unconditionally refused. Any such unlawful use
of force, similar to what happened almost a year ago at the
Shairat air base, would be an act of aggression against a sovereign
state, as defined by the relevant article of the UN Charter,"
he
said.
"The situation
in Eastern Ghouta has changed radically for the better," Sergei
Ryabkov told reporters on Tuesday.
RELATED 1:
RELATED 2:
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RT SHOWS
Keiser
Report Episode
1203 Max and Stacy discuss the ‘rent
is too damn high’ activism.. Max
continues his interview with Jameson Lopp
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
USA Por qué Vietnam sigue siendo importante? (Parte
IV) M Stevenson
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Cartas sobre la mesa Cuba: Una cuestión de economía
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PRESS TV
Global situation described by Iranian observers..
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