JUN
12 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
FIFA -Familia
peruano-americana de escasos recursos lista pa viajar a RU en apoyo a equ PE
-Favor enviar INFO sobre avión, hotel y
transp-inter FIFA + entradas a Estadios al mínimo costo.
Somos 15 listos para viajar si hay Bonos para personas de escasos
recursos. Si es así
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
Here the latest:
Tech outperformed Financials once again..
See Chart:
Treasury yields remained in a very
narrow range once again with the long-end modestly outperforming the short-end
ahead of tomorrow's FOMC...
See Chart:
But while overall yields didn't move
much the yield curve tumbled to a fresh 11 year flat...
See Chart:
The Dollar Index spiked on headlines
that Jay Powell is planning on a press conference at every FOMC Meeting... This
broke the dollar closing price out of its 18-day tight range).
See Chart:
Finally, after February's rapid
PANIC correction, the markets heading
back into EUPHORIA territory once again
See Chart:
….
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...automation
could destroy as many as 73
million U.S. low skilled, low wage laborers by 2030, a recent report by McKinsey Global
Institute stated.
In fact,
automation could destroy as many as 73
million U.S. low skilled, low wage laborers by
2030, a recent report by McKinsey Global Institute stated.
The dire prediction that robots could take a bulk of the
middle-class jobs — has led many of macro strategists
to believe that significant economic disruptions are coming to America.
Karen Harris, Managing Director of
Bain & Company’s Macro Trends Group, presented her fascinating
keynote tilted “Labor
2030: The Collision of Demographics, Automation, and Inequality” at the Strategic Investment Conference 2018, in March.
See Graphic :
Harris also warned, “this will have
all sorts of unpleasant effects in the next decade.”
See graphic 2:
Automation is coming after jobs, from fast food burger flippers to
accountants. CBSN examined which jobs are the most at risk:
See Chart:
….
See more charts at
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Beneath the surface signals of an eternally
rising stock market and expanding GDP, we all sense something is deeply,
systemically wrong with the U.S. economy...
Read This
Beneath the surface signals of an eternally rising stock market and
expanding GDP, we all sense something is deeply, systemically wrong with the
U.S. economy. These nine structural dynamics generate secondary dynamics, all
of which are toxic to social mobility, sustainable prosperity, accountability
and democracy:
1. The financialization of the economy, which transformed services, credit,
risk and labor into commodities that could be traded globally. Financialization
generates enormously asymmetric returns: those with access to low-cost credit,
global markets and expertise in finance collect the lion's share of gains in
income and wealth.
2. The technological transformation of the economy, which has placed a
substantial scarcity premium on specific tech/managerial/communication skills
and devalued ordinary labor and capital. As a result, the majority of gains in
wealth and income flow to those with the scarce skills and forms of capital,
leaving little for ordinary labor and capital.
The first two dynamics drive three other dynamics that have hollowed
out the productive economy:
3. The end of cheap fossil fuels. The fracking boom/bubble has obscured
the long-term secular trend: the depletion of cheap-to-access and process oil.
As many analysts have observed (Nate Hagens, Gail Tverberg, Richard Heinberg,
Chris Martenson et al.), the global economy only grows if energy and credit are
both cheap.
4. Globalization, which transformed the developing world into the
environmental dumping ground of the wealthy nations and enabled the owners of
capital to offshore waste and labor.
5. The destructive consequences of "growth at any cost" are
piling up. "Growth" is the one constant of all existing
political-economic systems, and none of the current Modes of Production (i.e.
the structures that organize production, consumption, the economy and society)
recognize that "growth" is not sustainable.
6. The dominance of debt-funded speculation as the means of
"getting ahead"as opposed to producing products and services of
intrinsic value that serve the core needs of communities.
7. The economy's gains in income and wealth are concentrated in the
very top of the wealth-power pyramid: the top 5%--entrepreneurs, professionals and
technocrats, etc., and within this class, most of the gains go to the top
1/10th of 1% --the existing owners of wealth, and financiers/speculators with
access to cheap credit.
The net result is the bottom 95% have few opportunities to "get
ahead" outside of gambling in the asset bubbles du jour: the stock and
housing market. While the average middle class household may be able to borrow
enough to speculate in the housing bubble, two factors limit the odds of
success for ordinary investors/gamblers:
A. The gains in housing are concentrated in
specific markets; outside these hot markets, gains are modest.
B. Asset bubbles eventually pop, leaving those
still owning the assets with losses. The risks are thus intrinsic and high. The
average investor/gambler lacks the experience needed to recognize the bubble
has stopped expanding and exit the market before ll the other speculators rush
for the narrowing exit.
8. The devaluation of ordinary labor and capital means the bottom 60%
of the economy that lacks the requisite skills with a scarcity
premium in the Emerging Economy have lost easy access to the ladder of social
mobility.
9. The concentration of wealth and power in the hands of the
self-serving few corrupts the economy and democracy. The U.S. economy
is dominated by insider and elite rackets, skims, scams and
cartels/quasi-monopolies, all of which corrupt the economy by creating perverse
incentives for exploitation and gaming the system to benefit the few at the
expense of the many.
This corruption in service of maximizing private/personal gains at the
expense of the system itself also corrupts the mechanisms of governance, which are now little
more than cloaking devices that protect insiders and elites from scrutiny and
consequences.
The 20% above the bottom 60% may appear to have some access to
social/economic mobility, but this is largely an artifact of the bubble economy
since 2009. Once the bubble deflates, the illusion of social mobility for the
"middle class" between the bottom 60% and the upper 20% vanishes.
The "upper middle class" between the bottom 80% and the top
5% is being squeezed by the over-production of elites, i.e. the over-abundance
of those with college degrees and the relative scarcity of secure jobs within
the top 5%. As a result, credential inflation is rampant, with Masters Degrees
replacing Bachelors Degrees as the default for a white-collar job, and PhDs
replacing Masters diplomas as the new default for positions that lack security
and upward mobility.
In other words, the number of people who qualify for and desire a slot
in the elite class (top 5%) far exceeds the number of slots available. As Peter Turchin
has explained, this competition generates social disorder at the top of
economic heap as the top 20% fight over the few positions open in the top 5%.
The disgruntled, frustrated losers far outnumber the relatively few winners.
These nine dynamics are mutually reinforcing, meaning that each
dynamic strengthens one or more of the others, reinforcing each other so the
sum of the nine is far more powerful than a mere addition might suggest.
The
New Aristocracy (the top 9.9%) (The Atlantic)
See Chart: How Systems Collapse
….
….
Buy his book Money
and Work Unchained : is $9.95 for the Kindle ebook and $20 for
the print edition. Read the first section
for free in PDF format.
If you found value in this content, please join him in seeking
solutions by becoming a $1/month
patron of my work via patreon.com.
….
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Lenders are extending longer loan terms that
are more prone to default, to consumers who are taking on the most debt since
the "recovery" started. Don't worry - it's not
"sub-prime", it's "near prime".
The article notes that the timeline of most loans has been extended
significantly, naturally yielding a higher interest rate for the bank.
See Chart:
Already – with the economy growing nicely and interest rates still
historically low – subprime auto loan defaults are trending upward, and are now
above their Great Recession levels. So it’s reasonable to assume that when the
next recession hits, hundreds of thousands of Americans who bought cars they
couldn’t afford with money they didn’t have will find those never-ending
payment terms more than they can handle. The sector
will become a high-profile casualty and today’s “comfortable” investors will be
a lot less so.
See Chart:
…
See more charts at
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A crook investor? Some people
believed that Warren Buffett stole the money from the FED. The money was given
to him for quick recycle of US Economic
System , not to take out from there.
"...no one rings a bell at the top (or
bottom) of any market...But it seems pretty clear from Buffett’s actions
that it might be a good time to take some money off the table and wait
patiently for the compelling opportunities yet to come."
Warren Buffett is notorious for almost NEVER
selling. His famous
quip, “Our favorite holding period is forever,” means that he likes to find
wonderful businesses that are selling at a discount, buy as much of them as
possible, and enjoy the returns of that investment indefinitely.
In other words, if you’ve acquired a fantastic, well-performing asset
at a cheap price, why sell?
And he practices what he preaches. Buffett rarely sells anything.
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
The big
question is, is the United States reserve currency status soon to be in jeopardy?
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A nasty –though legal- way of dealing with bankruptcies
The
decision could open the door to a flood of "vertical" mega-mergers...
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Kim said it was "urgent for North Korea and US
to make the bold decision to stop irritating and hostile military actions
against each other..."
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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
After last
week's biggest inventory build since 2008, headlines confirmingRussia is seeking a roll-back of oil-cuts saw
selling pressure ahead of the API data which confirmed last week'ssurprise builds in crude, gasoline, and
distillates.
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..News
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RT SHOWS
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Keiser
Report Episode
1239 Max and Stacy discuss
innovations in poverty as America invents a new way to be poor despite being ‘rich’ on
paper. In the 2ND half, Max interviews Christian Saucier of
EquibitGroup.com about disintermediating the stock settlements industry controlled
by a duopoly.
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
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USA -Guerra
económica o "guerra absoluta"? Jean-Claude Paye
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Cuba -Racismo:
"Desde el silencio no se puede construir
consenso"
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Las semifinales: Portugal-Brasil, Argentina-Alemania
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Quest Es posible que familia peruana de escasos
recurs en US reciba apoyo para viaje al Mundial?
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
The 1st QT: to Kim is Why he accepted the blackmail “sanctions”
before the Summit?
The 2nd QT: Why he signed any Doct with Trump if
the blackmail ‘sancrtions’ was not solved?
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How Corporate Media Got the Trump-Kim Summit
All Wrong By Gareth Porter Continue
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A Tale of Two Summits By Finian Cunningham Continue
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Scapegoating Iran By Chris Hedges Continue
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Trump Will Never Get a Better Deal With Iran By Scott Ritter Continue
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No, Israel Is Not a Democracy By lan Pappe Continue
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The Corporate Media’s World of Illusions By Jonathan Cook Continue
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Why Venezuela and Syria Cannot Fall By Andre Vltchek Continue
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Hiding The Real Number Of Unemployed By Pete Dolack Continue
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COUNTER PUNCH
Focus on US issues
Ron
Jacobs Petulance
as Statecraft: Trump Does Canada
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Vijay
Prashad The
War of Hunger That Afflicts the World’s Poor
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Dana Sinopoli Stop
Border Separation of Children from Parents!
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Kevin
Zeese Foundation
of Anti-Imperialism
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ADRIAN
KUZMINSKI The
Politics of Virtue
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Shamus Cooke Fighting
Capitalism With Revolutionary Strategy
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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..
Trump, Kim end summit, but was the deal clearly worded?
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