JUN
4 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
US Economic situation today:
SO THIS
HAPPENED...
See Chart:
WHICH MADE US THINK
OF THIS...
So much for all those naysayers fearing the impact of a global trade
war... US equities love trade tariffs!!
Record highs for Nasdaq... Dow (blue)
outperformed, outpacing Nasdaq on the day, as Boeing added most (wait, isn't
Boeing supposed to suffer from a trade war?),Trannies were disappointed by
Energy weakness...
See Chart:
NOTE - stocks pretty much went nowhere after the open.
VIX tumbled back to a 12 handle...
FANG stocks are roaring higher to a new record high today: the last two days have been the biggest jump since the rip higher off the mid-Feb lows...NOTE - the FANG stock opened at the lows of the day and closed at the highs for the last two days.
See Chart
Growth continues to surge (despite the collapse in
the yield curve)...
See Chart:
And while bond yields have bounced
they remain notably decoupled from stocks...
See Chart
The Dollar Index ended the day
modestly lower but after ramping back during the US session from overnight
weakness...USD remains in a very narrow range..
See Chart:
Commodities were very mixed with
Copper surging and crude crushed... PMs ended unch...
See Chart:
See more charts at:
….
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"Dollar funding has evaporated,
notably from sovereign debt markets. Emerging markets have witnessed a sharp
reversal of foreign capital flows... increasing the possibility of a
"sudden stop" for the global economic recovery."
See Chart:
This has manifested in a sharp reversal of foreign capital
flows out of Emerging Markets over the past six weeks,
often exceeding $5bn a week, resulting in a sharp drop in emerging market
bonds, stocks and currencies.
See Chart:
One can only imagine the chaos and turmoil in EMs (and then
DMs) in four months time, when not only the peak of the Fed's monthly shrinkage
hits some time in October, but when for the first time
since the financial crisis, global
central bank liquidity will shift from a net injection to a net drain and
then accelerate as both the ECB and BOJ proceed to taper their own Fed
monetization.
See Chart:
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"This a very delicate balance. And
maintaining it depends heavily on the rate of inflation... If wages rise faster
than prices, the middle class thrives. If prices rise faster than wages, the
middle class perishes. And that’s
what’s been happening in the west, especially in the US."
Read these selected notes:
Today, the
national debt stands at more than $21 trillion– a milestone hit roughly two
months ago. This means that the
government added $20 trillion to the national debt in the 37 years between
October 22, 1981 and March 15, 2018.
That’s an
average of nearly $1.5 BILLION added to the national debt every single day… $62
million per hour… $1 million per minute… and more than $17,000 per
SECOND.
Social Security is rapidly running out of money.
The most recent
report from Social Security’s Board of Trustees (which includes the US
Secretaries of the Treasury, Labor, and Health & Human Services) tells us
that the program’s cost has exceeded its tax revenue
since 2010.
Last year this shortfall was $59 billion, 11%
worse than in 2016.
Sixteen years may seem like a long way off. But we’re talking about
retirement here. You’re supposed to think long-term about retirement. And the
math simply doesn’t add up.
The Trustee Report
states explicitly that, once the trust funds run out of cash, the program will
have to, at a minimum, reduce the monthly benefit that’s paid to its
recipients.
So if you’re planning on being retired at any point past 2034, the
government is LITERALLY TELLING YOU that they won’t be able to pay the
retirement benefit that’s been promised to you.
The dollar has lost 98.5% of its
value since 1792.
What’s
incredible about this constant, steady destruction of the currency is how
subtle it is.
Few people
seem to notice, because modern day central bankers try to “manage” inflation
between 2% to 3% per year.
2% to 3% per year is pretty trivial. But it happens again the next year.
And the year after that. And the year after that.
US Labor
Department data from 1982 shows that average earnings were $309 per week, or
$16,086 per year. That was enough to buy 2.45 Mustangs.
Today’s
earnings are $881 per week, or $45,812 per year. That’s only enough to buy 1.78
Mustangs.
So when
denominated in Ford Mustangs, people’s incomes have fallen 27.3% since 1982.
If we look
at housing in the United States, we can see that the median home price in 2003
was $186,000 (according to Federal Reserve data) at a time when the Labor
Department reported average weekly wages of $620.
So that was
roughly 0.173 houses per person per year.
Today the
median home price is $328,000, with average wages of $881, or 0.139 houses per
person per year.
That’s a
decline in income of 19.6% over the last 15 years.
….
….
We’ve all seen the headlines: the middle class in the
United States (and much of Europe for that matter) has been in decline for
years.
CNN May 18, 2018:
“Almost half of US families can’t afford basics like rent and food”
Marketwatch
June 2, 2018: “50 million American households can’t even afford basic living
expenses”
Wall Street Journal
February 13, 2018 : “US households shoulder record $13.15 trillion debt”
This is
the opposite of what we’ve witnessed here in Asia – an astonishing, almost
unprecedented rise in the middle class.
In China, just 4% of the
population was middle class in 2000 according to consulting firm McKinsey. By
2012, China’s middle class had exploded to 68% of the population.
Vietnam’s middle class has nearly doubled just since 2013.
And there are similar trends across the region.
This is a pretty big deal, signaling not only a
game-changing shift in global wealth and power, but also trouble ahead for
millions of households on the edge.
In general, being middle class means you’re
neither rich nor poor.
You earn enough money to be
able to pay the bills without want or worry, enjoy modern conveniences and
recreation, and still have some funds left over for savings and investment.
This a
very delicate balance. And
maintaining it depends heavily on the rate of inflation.
If wages rise faster than
prices, the middle class thrives. If prices rise faster than wages, the middle
class perishes. And that’s
what’s been happening in the west, especially in the US.
Today the average
American worker’s debt is 5.00 times his/her monthly salary.
Same theme– yes, people are
earning more. But the amount of debt that they owe relative to their wages is
more than 2.5x greater.
But the
impact of all these trends cannot be understated, as they will truly shape the
history of things to come, both in the United States, and across the world.
….
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"They
disagree with their President because he insists that they proudly stand for the National Anthem, hand on
heart, in honor of the great men and women of our military and the
people of our country. "
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“If you
have freedom of thought, but not freedom of speech, how can students share ideas?”
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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
Plan: sabotage FIFA
world CUP.. RU-ChI can converted into celebration
of defeat of NATO & US Pow
NATO plans
to set up a 30,000-strong reserve force, plus hundreds of fighter
aircraft and ships ready for rapid deployment in the event of an imaginary
attack by Russia, Germany's Die Welt reports.
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..News
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Messi solidarity with PALS is a matter of supporting H R: he
won’t play in ISR
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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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- Aníbal Quijano (1928-2018) [ Maestro sin par: con el templé mi acero en los pocos veranos que nos visitó en la UNSA. El
creo el MRS Mov-Rev-Soc al que pertenecí ] CLACSO
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Visita el Video de Jose
Mourihno ; https://youtu.be/yffZxZjQajw
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
In Memory of Razan al-Najjar By Orly Noy Continue
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Burying the One-State Solution in
Palestine/Israel By Gregory
Shupak Continue
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Why India is Ignoring US Sanctions and
Sticking with Iran By Pepe
Escobar Continue
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Amid ‘Russiagate’ Hysteria, What Are the
Facts? By Jack F. Matlock
Jr. Continue
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Ignore Human Rights. Just Keep On Buying By Colin Todhunter Continue
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Global Dominance, From Now to Eternity? By Robert Koehler Continue
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In the Beginning Was the Word By Paul Edwards Continue
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The Second Sight of W.E.B. Du Bois By
Chris Hedges Continue
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The UN Just Published a Scathing Indictment
of US Poverty By Jeremy
Slevin Continue
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Gun Violence is Only a Symptom of a Troubled
Society By Cesar Chelala
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COUNTER PUNCH
Focus on US issues
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Robert Koehler The
American Way of War: Evolution Stops Here
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Dean Baker Trumpian
Boasts About the Trump Tax Cuts
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
Failures
of the Petro-Dollar? Africa Speculates Joining Russia, China, India and EU in
the “De-Dollarisation” of Oil Trades By True Publica
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[[ Nothing
on the recent migrant women assassinated
by US patrol ]]
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PRESS TV
Global situation described by Iranian observers..
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