Tue
AUG 28 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
Record-er and Record-er...
China stocks limped lower overnight
but ended unch thanks to a late surge..
See Chart:
But US equities could not hold a
solid momo ignition no matter what...
See Chart:
With cash equities sliding into the
red near the close... (Nasdaq was the day's leader, and Trannies the laggard)
See Chart:
VIX has decoupled from stocks in the
last two days..
See Chart:
Bonds and Stocks remain decoupled
also...
See Chart:
The Dollar Index rebounded into the
green this afternoon
See Chart:
Gold tested down to $1200 today...
See Chart:
Still, while US Stocks went
nowhere, maybe 'active'
investors should consider Venezuela (IBVC +30,000% YTD!)
See Chart:
….
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...in
today's fraught environment it can be well and truly said that the chartmonkeys
have become deaf, dumb and blind to everything happening on Planet Earth
external to the gaming tables where they slosh around in their
cups.
But Donald J. Trump
will not go down without bringing the house down.
And most
destructively of all, he will cluelessly push his Deficit Finance War against
America's born and unborn taxpayers until the bond pits fracture from the inflow
of $2 trillion per year of government debt that either the Fed is dumping or
Uncle Sam is issuing.
In fact, as dramatically conveyed in the blue line in the chart below, real median household income has gone
exactly nowhere since the turn of the century.
See Chart:
So how do you get
a 55% gain in the inflation-adjusted stock market index on just 5.4% more labor
input?
You don't, unless there has been a
spectacular explosion of productivity, which there has most surely not been.
See Chart:
Unfortunately Wall
Street stock indices have discarded such possibility. “To wit, back in June
2007, the S&P 500 earnings peaked at $85 per share, but that reflected
fully $55 per share of after-tax interest expense. Fast forward to the LTM
period ending in December 2017 when earnings per share posted at $110 per
share, but reflected only $19 per share of after-tax interest expense.
In other
words, more than 100% of the gain over the past 11 years was due to the drastic
financial repression of the central banks and its impact on corporate interest
expense.
So interest expense is marching back up the hill, and it's not remotely
priced-in---not any more than the next recession or the
generational fiscal catastrophe that looms in the 2020s as 80 million
baby-boomers pile onto the social security/medicare wagon.
Still, consider the fact that in the
June 2007 quarter, the inflation-adjusted aggregate net income of the S&P
500 companies was $240 billion, and during Q2 2018 it was $280 billion on an
apples-to-apples basis (i.e., gross of the lower tax rate ).
That's a 15% gain in real profits over nearly 11 years---a figure that self-evidently does not remotely warrant a 55%
gain in the S&P 500 index.
Stated differently, even with the new tax rate---which represents only a one-time
stepchange in profits, not a permanent growth factor---aggregate net income
(not per share) came in at $295 billion for the quarter ending in June. At the
same time, those earnings reflected collective corporate balance sheets
sporting some $7 trillion of stated debt and related liabilities.
As we said, there
has never been a greater Fake Bull in recorded history.
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"In 8 of the 12 cases analyzed, the impact on the economy was negative... In 3 other cases,
it was completely neutral..."
See Chart:
Central
Banks Balance Sheet vs Global GDP
See Chart:
Merry Lynch also show THE POOR
QUALITY RESULTS:
See Chart:
https://www.zerohedge.com/sites/default/files/inline-images/Central-banks-vs-GDP-3.jpg?itok=yM2MDfza
….
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US
DOMESTIC POLITICS
Seudo democ y sist duopolico in US is obsolete; it’s full of frauds & corruption. Urge
cambiarlo
America has radical
financial leverage at this moment precisely because of the ‘strong
dollar’. Make no mistake. This is
not just the result of Fed hiking rates...
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WHISFUL thinking?:
The just
proposed NAFTA 2.0 is - in Trump's words - a “very special” and “incredible”
deal. However, according to some experts, it may meet neither of Trump’s main
goals. If anything the deal could do the opposite, biting the president
politically...
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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
"Imagine
36,000 armored vehicles — tanks, armored personnel carriers and armored
infantry vehicles"
[[
Whoever study Russian’wars knew that they will hit the heart of his
enemy ]]
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"What
we see right now is the situation is completely out of control,
and getting
worse"
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A message
of "concern" raising "the possibility"
that
assistance could be
cut – CNN
[[ PENTA
should cut relations with Saudis.. It’s stupid to think they will help Yemen..
Otherwise -soon or later- our nation will
demolish Penta’ irracionatity ]]
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Hardliners
are on the ascendancy as the economy crumbles amidst US sanctions...
[[ IRAN’
economy is not crumbling.. our piracy is
.. we are getting isolated on Iran issue
]]
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"The rebels had reason to carry out a
false flag operation" - Joshua Landis of the University
of Oklahoma, widely considered the world's foremost Syria expert
[[ Syria
war is lost.. It is stupid to sacrifice more US soldiers’ life on it.. Una retirada honrosa es mucho mejor
que una derrota desastrosa .. Just provide some money for Syria reconstruct ]]
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Good news. There is a plan to send top financiers of Geopis
& Dems to the moon.. that pest we detest
...IF NASA
WENT TO THE MOON IN THE LATE 1960S. HOW DID THEY MISS THE “HUNDREDS OF BILLIONS OF
TONS OF ICE”?
[[ It would be wonderful si congelan esa peste
overthere ]]
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
'Fix is In': Trump Close to Firing Jeff
Sessions - Report Trump’s
version of cleaning the swamp
RELATED 1:
RELATED 2:
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Is here a Trump experience on swimming deep inside the swamp?
I don’t want to hear that..
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Corporate
Tyranny’: Abby Martin Launches GoFundMe After Sanctions Kill Her Program “As a result of US sanctions against Ven The Empire Files’ has been forced to completely shut
down operations”
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RT SHOWS
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Keiser
Report Episode
1272 Max and Stacy discuss the historic first attempt at a (failed) national
cryptocurrency and why it is likely to lead to further hyper-bitcoinization.
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NOTICIAS IN SPANISH
Lat Am NEW FOCUS: alternat to neo-fascist regimes, breaks to
HR, Peace & support to US-terrorism
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-
Carne
caliente Gustavo Duch
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No hay
insurgencia indígena no valida, cualquiera el error de lideraz
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La rev
sandinist nació abajo y tiene que regresar abajo y ser anti-imp
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Si
generar nueva Iq con memoria hist y convic anti-Imp es la meta es
correcto. Deslegitimar Gbno actual es tarea inic. La clave
es la Organ
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Econ.. es el miedo al
terror imperial. Ninguna de las 2 causas se
puede luchar desde fuera. El
bombardeo USA no va a ser posible,
Brasil lo dijo y Maduro
puede pedir apoyo Ru-Ch y adiós al teatro.
Que Maduro es dictador..
quien no lo es. La democ no le importa
al imperio.. quedo claro en Chile. Lo que quieren es el petroleo de
Ven y eso solo se defiende
con apoyo antimperial del contexto .
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Si vienen
a trabajar hay apoyo, pero si vienen a hacer Polit contra
Maduro, que se
vayan. Nuestra neutralidad Internac no se discute
….
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
Mattis’ Infuriating Answers on Yemen By Daniel Larison Continue
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Russia Deploys Fleet Off Syria - Says U.S.
Prepar for Possible Attack By Haaretz and Reuters
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“Russia is Buying Gold – Will it Save Russia
from Dollar Sanctions?” By P
Koenig and A Romadina
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According to the New York Times Putin Rules
America By Paul Craig Roberts Continue
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Skripals – When the BBC Hide the Truth By Craig Murray Continue
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The Other Side of John McCain By Max Blumenthal Continue Arming Terrorists
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Parenthood in the Age of Fear By Mary Louise Kelly Continue
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Vigilantes with a Badge: Warrior Cops
Endanger Our Lives and Freedoms
By John W. Whitehead
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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DEMOCRACY NOW
Focus on Trump policies & the Econ & Pol crisis he
creates
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PRESS TV
Resume of Global News described by Iranian observers..
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