Mond JUL 02 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
China Econ is being tumbling all the time in American News
Beijing's
stealth devaluation is no longer "stealth."
See Chart:
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A better way to assess where the global credit
cycle is at is to look for pockets of dodgy debt... If these pockets are numerous, that’s a
clear indication that credit is late
cycle.
Global
High Yield Debt
Last month I detailed how the US high yield debt market
is larger
and riskier than it was before the financial crisis. The same problematic
characteristics, increasing leverage ratios and a high proportion of covenant
lite debt, also apply to European and Asian high yield debt. Even in Australia,
where lenders typically hold the whip hand over borrowers, covenants are
slipping in leveraged loans. The nascent Australian high yield bond market
includes quite a few turnaround stories where starting interest coverage ratios
are close to or below 1.00.
Defined
Benefit Plans and Entitlement Claims
For many governments, deficits in defined benefit plans and
entitlement claims exceed their explicit debt obligations. The chart
below from the seminal Citi GPS report uses somewhat dated statistics,
but makes it easy to see that the liabilities accrued
for promises to citizens outweigh the explicit debt across almost all of
Europe.
See Chart:
….
See more charts at:
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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duopolico in US is obsolete; it’s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 notion that the
Pentagon can play a primary role in boosting employment to any significant
degree is largely a myth that serves the needs of the
military-industrial complex, not American workers or Donald Trump’s base... And
we will all pay a price for those
skewed priorities, in both blood and treasure."
READ THIS:
In
reality, Pentagon spending is the Trump administration’s substitute
for a true infrastructure program and it’s guaranteed to deliver public
investments, but neglect just about every area of greatest civilian need from roads to
water treatment facilities.
The Pentagon’s
Covert Industrial Policy
One reason the Trump administration
has chosen to pump money into the Pentagon is that it’s the path of least political resistance in Washington.
In reality, Pentagon spending is the Trump administration’s
substitute for a true infrastructure program and it’s guaranteed to deliver
public investments, but neglect just
about every area of greatest civilian need from roads to water treatment
facilities.
The Trump
Difference
Although
insufficient, increases in defense manufacturing and construction can help
areas where employment in civilian manufacturing has been lagging. Even
as it’s expanded, however, defense spending has come to play an ever-smaller
role in the U.S. economy, falling from
8%-10% of the gross domestic product in the 1950s and 1960s to under 4% today.
Still, it remains crucial to the economic base in defense-dependent
locales like southern California, Connecticut, Georgia, Massachusetts,
Michigan, Missouri, Ohio, Pennsylvania, Texas, Virginia, and Washington state. Such places, in
turn, play an outsized political role in Washington because their congressional
representatives tend to cluster on the armed services, defense appropriations,
and other key committees, and because of their significance on the electoral
map.
Trump’s
defense-industrial-base policy tracks closely with proposals put forward by Daniel Goure of the military-contractor-funded
Lexington Institute in a December 2016 article titled “How Trump Can Invest in Infrastructure and Make
America Great Again.”
What Goure’s
analysis neglects, however, is not just that every
government investment stimulates multiple sectors of the economy, but that
virtually any other kind would have a greater
ripple effect on employment and economic growth than military spending
does. Underwritten by the defense
industry, his analysis is yet another example of how the arms lobby has
distorted economic policy and debate in this country.
Last but not least,
President Trump has worked overtime to tout his promotion of U.S. arms sales as
a jobs program. In a May 2018 meeting with Saudi Crown Prince Mohammed
bin Salman at the White House (with reporters in attendance), he typically brandished a
map that laid out just where U.S. jobs from Saudi arms sales would be located.
Not coincidentally, many of them would be in states like Pennsylvania,
Michigan, Ohio, and Florida that had provided him with his margin of victory in
the 2016 elections. Trump had already crowed about
such Saudi deals as a source of “jobs, jobs, jobs” during his May 2017 visit to
Riyadh, that country’s capital. And he claimed on
one occasion -- against all evidence -- that his deals
with the Saudi regime for arms and other equipment could create “millions of
jobs.”
The Trump
administration’s decision to blatantly put jobs and economic benefits for U.S.
corporations above human rights considerations and strategic concerns is likely
to have disastrous consequences.
Pentagon
Spending Versus a Real Infrastructure Plan
While the Trump
administration’s Pentagon spending will infuse new money into the economy, it’s
certainly a misguided way to spur economic growth. As University of
Massachusetts economist Heidi Garrett-Peltier has demonstrated,
when it comes to creating jobs, military spending lags far behind investment in
civilian infrastructure, clean energy, health care, or education. Nonetheless,
the administration is moving full speed ahead with its military-driven
planning.
In addition, Trump’s approach will prove hopeless when it
comes to addressing the fast-multiplying problems of the country’s ailing
infrastructure. The $683
billion extra that the administration proposes putting into Pentagon
spending over the next 10 years pales in comparison to the trillions of dollars
the American Society of Civil Engineers claims are needed to modernize U.S.
infrastructure.
Read more at:
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RELATED NEWS:
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"If you make a mistake, we’ll
put your name in the paper, pull every mistake you ever made, and beat you down
so you can’t work anywhere else... take away your livelihood"
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US-WW ISSUES (Geo Econ, Geo Pol
& global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K- compet. D rest in limbo
"POPULISM IS POPULAR..."
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"India
wasn’t very impressed with the Patriot compared with the S-400, which wins
hands-down in capability, in its availability, service availability. It’s a
more efficient system."
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"Nobody
will know where the attack came from. It will look like an accident," a
researcher cited in the report said. Some US military analysts are calling
bullshit.
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..News
RELATED NEWS
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Imperial Terrorism has nasty consequences
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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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FEM -ARG: Que ganen las pibas. Aborto Legal Ya Andrea D’Atri
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Ecuad --Ecuador,
¿de país soberano a sumiso? Eloy Osvaldo
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INFORMATION CLEARING HOUSE
We Wonder Why People Hate the USA?
Saudi Arabia Bombs Residential Neighborhood in Yemen Killing Entire Family Watch
Saudi Arabia Bombs Residential Neighborhood in Yemen Killing Entire Family Watch
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U.S. Attempts Violent "Regime
Change" In Iran By Moon
Of Alabama Continue
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Trump’s Iran Gambit Won’t Pay Off By Soraya Sepahpour-Ulrich Continue
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Congress Welcomes a Fascist-Nazi Violence in
Ukraine By Max Blumenthal Continue
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More Evidence That Half of Americans Are In
or Near Poverty By Paul
Buchheit Continue
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USA - The Failed State By Chris Hedges
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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
Resume of Global News described by Iranian observers..
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