MAY 21 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
World & US
Economic collapse today:
MONDAY
HUMOR...
See Chart:
Emerging markets are crashing,
Italian capital markets are imploding, European money-markets are getting
anxious, US bonds and the dollar do absolutely nothing... but The Dow spikes
300 points...(thanks to Boeing et al)
See Chart:
Italy
stole the headlines in Europe... As
Peter Boockvar pointed out so eloquently, the Italian 2 yr yield has given back 3 years of monetary suppression in
6 trading days.
See Chart:
And Italian banks are a bloodbath
still...
See Chart:
The last month has seen EU banks
massively underperform US banks... apparently we’re above
See Chart:
BUT.. Tesla was tumultuous - ripping
on Musk's high-end Model 3 comments, dropping on Consumer Reports and yet
another crash... but bonds weren't buying any of it...
See Chart:
Another day another short squeeze at
the open...
See Chart:
The yield curve extended Friday's
flattening trend... See UST 2s30s
See Chart:
The Dollar round tripped to end the
day unchanged...
See Chart:
Finally we note that stocks and
credit have decoupled again...
See Chart:
…
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Do you feel as if you’re drowning in debt? It’s worse than you think...
See Chart: US
National debt
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GOLDMAN:
AT SOME POINT HIGHER RATES WILL TURN FROM SIGNALLING GROWTH TO TIGHTER
FINANCIAL CONDITIONS
"At some point higher rates turn
from signalling an improvement in growth to signalling tighter financial
conditions, which weighs on growth."
See Graph
See Also Charts at:
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"...forget additional expenses. It turns out that
nearly half of the families in America are struggling to pay for food and rent. And
that means that the economic collapse isn’t just 'coming'... It’s HERE."
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If we want
to extend the opportunities for positive social roles to everyone, we have to change the way money is
created and distributed in our economy.
See Nice cartoon
see two charts reveal the structure of economic
and thus social asymmetry: the top owns
capital/prouctive assets...
Chart 1:
Ownership Society
Chart 2: ..the bottom own either a bet on an unstable asset bubble
(housing or stocks) or no productive assets at all:
Chart:
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"...the trigger for a crisis could be anything if
the system as a whole is unstable. Moreover, the size of the
trigger event need not bear any relation to the systemic outcome. The lesson is
that policymakers should be focused
less on identifying potential triggers than on identifying signs of potential
instability."
The Beginning of Woes
Last week, I described how
legendary railroad engineer Casey Jones was barreling along when an unexpected
train appeared ahead. He saved his passengers at the cost of his own life.
Today’s high-yield bond market has no such hero, and I think the crisis will
begin there.
The
problem will be what I mentioned last week: massive illiquidity. Trading can
and will dry up in a heartbeat at the very time people want to sell. In late
2008, the high-yield bond benchmarks lost a third of their value within a few
weeks, and many individual bond issues lost much more, in large part because
buyers disappeared.
See Chart:
The same thing happened in the
dot-com recession, though not quite as dramatically. There were still several
whipsaws and a particularly terrible month in June 2002.
See Chart:
Lending Drought
This will
not be just a US headache, either. It will surely spill over into Europe (and
may even start there) and then into the rest of the world. The US and/or
European recession will become a global recession, as happened in 2008.
Political Backlash
Needless
to say, the working-class population will not like this and it has the power to
vote. “Safety net” programs and
unemployment benefit expenditures will skyrocket. The chart below from Philippa
Dunne of The Liscio Report shows the ratio of workers covered by unemployment
insurance is at its lowest level in 45 years.What happens when millions of freelancers lose their incomes?
See Chart:
The Great Reset
Unemployment may approach the
high teens by the end of the decade and GDP growth will be minimal at best.
What do you call that condition? Certainly not business as usual. Long before that
happens, the Federal Reserve will have engaged in massive quantitative easing.
There’s a lot of misunderstanding about QE, so let me clarify something
important.
Quantitative easing is not about “printing money.” It is
buying debt with excess bank reserves and keeping that debt on the Fed’s
balance sheet as an asset. The Bank of Japan is an example. They
did not put currency (yen) into the market. That’s how Japan still flirts with
deflation and its currency has gotten stronger. QE is the opposite of
printing money, though there is a relationship. That’s one reason central
bankers like it.
If
that’s what they do, will it work? No. The world simply has too much debt, much of it (perhaps most) unpayable.
At some point, the major central banks of the world and their governments will
do the unthinkable and agree to “reset” the debt. How? It doesn’t matter how,
they just will. They’ll make the debt disappear via something like an Old
Testament Jubilee.
As we get into the 2020s, the presidency and Congress will again be
whipsawed, and we will begin to discuss Bernie Sanders’ “crazy” universal basic
employment idea, or others like it. By then, the idea will not be considered
crazy, but the only feasible choice. Even conservative politicians can see the
light when they feel the heat.
Wrong Track
I keep coming back to this
train-wreck metaphor because it fits so well. I said Casey Jones plowed into a
train that wasn’t supposed to be there. The full story is a little more
complicated.
Railroads in 1900 knew the danger of collisions. They took extensive precautions to make sure it didn’t
happen. The stopped train in front of Casey Jones had pulled off onto a siding
like it was supposed to. The error was that its last four cars were stuck on
the main line because an air hose had broken, locking their brakes
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"I
think [Deputy Attorney General] Rod Rosenstein is trying to strike a balance
here between defusing the
situation and also protecting the rule of lawand the institutional
integrity of the department."
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FAKE
NEWS? NO PROBLEM! INTERNET DOMINATES ADSPEND IN US, BUT ONLY 2 COMPANIES
DIVVY-UP 60% OF SPOILS
TV falls further behind, suffers
first ad revenue decline since the Financial Crisis...
See Chart:
….
See more charts at:
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"One of the most pervasive myths about the
United States is that the federal government has never defaulted on its debts.
There’s just one problem: it’s not true, and while few people remember the
"gold clause cases" of the 1930s, that episode holds valuable lessons
for leaders today."
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"The
real currency of this world is not backed by gold, nor by oil, nor by
bureaucratic fiat, nor even by direct military might. No, the real currency of this world is
narrative, and the ability to control it..."
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...in other words, the Pentagon is
developing a program of high-tech cameras mounted on drones and other robots
that monitor cities, whichenable
identification and discrimination between civilians and terrorists through
machine learning computers.
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"MS-13’s
animals are accused of stabbing a man more than 100 times and then decapitating him, dismembering him, and
ripping his heart out of his body."
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"Is
it possible that we Americans only pretend not to notice the conditions that
produce an epidemic of school shootings, or is the public just too dumbed-down to connect the dots?"
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US-WW ISSUES (World & War): M-East .. plus
Global depression is on…China, RU, Iran search for State
socialis+K- compet. D rest in limbo
Secretary of State Mike Pompeo:
Tehran will struggle to “keep its economy alive” if it does not comply with a
list of 12 US demands, including Iranian withdrawal from Syria.
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This is the third reported drone attack on Russia's main
military base in Syria this year.
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..News
RELATED
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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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-Lo
practicaron mujeres-soldado del ejército USA contra islámicos
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
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World Does Not Accept US Deciding For All
Countries By Pres Rouhani Continue
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The Coming Collapse By Chris Hedges Continue
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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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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PRESS TV
Global situation described by Iranian observers..
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