ND
JAN 24 19 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
[[
At the end of this
Article read my note on Bernie Sanders ]]
"FAIR"-ER SHARE...
Elizabeth Warren
has never been a friend to the wealthy. But in the age of Bernie Sanders and
Alexandria Ocasio-Cortez AOC, merely advocating for "holding the rich
accountable" simply doesn't penetrate like it did back in 2008. And that's
because, on the left flank of the Democratic Party,
you're not really a progressive unless you believe that the existence of
billionaires is a policy error.
In keeping
with this new "Democratic socialist" spirit, Warren
is now calling for a 'wealth tax' on all Americans with more than $50 million
in assets in what looks
like a strategy to one-up AOC's call for a 70% marginal
tax rate on all Americans earning more than $10 million a year as
Warren jockeys for mantle of the "one true progressive candidate" in
what's looking like an increasingly crowded primary field (one that, thanks to
the entry of South Bend Mayor Pete Buttigieg, now features a gay progressive
millennial).
See
Chart 1:
Growth of
$100 Mill Fortune with and without a wealth
Here's more from the
Washington Post:
Emmanuel
Saez and Gabriel Zucman, two left-leaning economists at the University of
California, Berkeley, have been advising Warren on a proposal to levy a 2
percent wealth tax on Americans with assets above $50 million,as well as a 3 percent wealth tax on those who have more than $1
billion, according to Saez.
After initially considering a 1% wealth tax on fortunes over $10 million,
Warren and her team over the last two weeks decided that a 2% on fortunes over
$50 million would make more sense. According to the
Warren team's calculations, the wealth tax would raise $2.75 trillion over ten
years from about 75,000 families, a number equivalent to less than 0.1% of the
US population (of course, that estimate is probably contingent on the US
economy avoiding a punishing, prolonged recession).
See Chart 2:
The top 1% now own as much as the bottom
95%
Warren's campaign has embraced the Democratic
Party's recent leftward drift, even publishing an op-ed in the NYT praising AOC's 70% marginal tax rate proposal.
Warren's team argued that the tax is only fair, because, according to their
calculations, the wealthiest Americans face a tax
burden of 3.2% of their relative wealth, while regular families face 7.2%.
…
NOTE ON BERNIE SANDERS
[[ Bernie Sanders’ candidacy is already gone.. he
had the chance of running as independent and pushing the Third Option in
American Politics . as demanded by middle Dem cadres.. and he failed and
betrayed.. He preferred to endorsed the master of corruption: Hillary.. Many of
the Sanders supporters & sympathizers went out from Dems party and either
abstain, vote Green and even vote for Trump, the lesser evil compared to the
worse Hillary. Who trust B. Sanders now?. I don’t think he has real supporters. He can buy
some supporters but real democratic socialists are with
AOC & E W. If Sanders
run it will be for the benefit of Trump and GEOpis .. that will be his final
betrayal to democratic socialism. Political history
will condemn Sanders if he attempt to divide solid forces of Democ-socialismo
nowadays. ]]
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Chinese
markets bounced back to unch on the week overnight...
See Chart:
US markets were a rollercoaster of trade and
shutdown headlines -
Wilbur Ross admitted "miles and miles" to go until we have a trade
deal with China and stocks puked. Algos ramped us into the US open, then dipped
on weak PMIs, then The White House unleashed Larry Kudlow to save the world and
he did briefly but we retested lows after that before
the machines went back to work to rescue stocks from their 50-day moving
averages...
See Chart:
And
here's the fun-durr-mental reason they're buying stocks...
See Chart:
S&P vs
Forward EPS
Big
dump (Ross) and Pump (Kudlow) in the
dollar today...
See Chart:
And
yields ended near the lows of the day...
See Chart:
Noisy
day in yuan today... it went up
See Chart:
Another
chaotic day in crude markets but copper continues to trade lower (despite a
bounce in china stocks)...
See Chart:
Finally,
"hope" hits its lowest since Trump was elected...
See Chart:
And spot the difference - Fed Rate change expectations for
2019 and the S&P 500...
See
Chart:
Since this
contradict previous charts, it is fake.. you will see.
"Data
Dependence" at its best!
….
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Intel is trading down over 6% in the after-hours
after missing earnings and
revenues (below the lowest estimate) andslashing its Q1 earnings and revenue expectations.
See Chart:
See more
charts at:
SOURCE https://www.zerohedge.com/news/2019-01-24/intel-tumbles-after-earnings-revenue-miss-cuts-outlook
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US DOMESTIC POLITICS
Seudo democ
duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
The U.S. Senate has
blocked legislation that incorporates President Trump’s proposal to fully open
the government and includes his demand for $5.7 billion to help build a border
wall.
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"the administration could use $681 million
from treasury forfeiture funds, $3.6 billion in military construction, $3
billion in Pentagon civil works funds and $200 million in funds from the
Department of Homeland Security."
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The partial government shutdown is in its 34th day
and counting, and it is starting to have a significant effect on the economy.
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"If these
protections are rolled back, Google will be complicit in limiting the rights of working people across
the United States."
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...SHOCKER!!
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With "Socialist
Sandy" and "Mad Maxine" running things, it's bound to be one hell of a show...
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US-W
ISSUES (Geo Econ, Geo Pol & global Wars)
Global
depression is on…China, RU, Iran search for State socialis+K-, D rest in limbo
BEWARE THE 'RECESSION-DENIERS'
COMPLACENCY
Complacency is back and comes in the form of
recession denial in the face of global slowing data. We didn’t see the slowdown
coming but we are confident it will not produce a recession so the narrative
goes. Not even a risk of a recession. You’re hearing it from the Fed, the
White House, the IMF and every Wall Street firm, the ECB and the BOJ, the
chorus is sung with uniformity: NO RECESSION.
But how can anyone be sure that the slowdown in data will not produce a recession? After all recessions come not only on inversions of yield curves, but historically they are coming at the end of business cycles with low unemployment rates and waning confidence.
See Chart:
The
moment when optimism gets replaced by rising pessimism, which is exactly what
we are seeing now:
See Chart:
I don’t know
when a recession hits, but someone has to explain to me how you can keep
positive earnings growth going with a marked global slowdown in everything
everywhere.
And I mean
everything and everywhere. See the global examples below.
See Charts:
France
Economic Output
Germany
Plunge
USA: Philly
FED Nonmanufacturing Business Outlook Survey ( 3 charts)
Korea,
Singapur, Japan & China (hitting the breaks)
To
see these charts OPEN
….
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"For a long time, the US has been eager to
replace international law with its geopolitical interests and values so as to
legalize its interference."
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"By always making the same diagnosis,mistakes are repeated and accumulated.No
wonder the pace of recoveries is slower, weaker and more indebted..."
The virtuous cycle of credit turns into a vicious
cycle of unproductive debt when we incentivize mal-investment and prevent
technology substitution by implementing massive government stimuli and
liquidity injections.
See Chart:
….
SOURCE:
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"Washington must
know by now that it’s one thing to
start a war, but quite another to finish it..."
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Americans residing or traveling in Venezuela
"should strongly consider departing Venezuela. Commercial flights remain
available."
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"Instead of letting ZTE and Huawei off
lightly, it needs to crack down on them. If these companies came to dominate
the 5G market, they would present an unacceptable security risk for the rest of
the world."
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SPUTNIK
and RT SHOWS
GEO-POL n
GEO-ECO ..Focus on neoliberal expansion
via wars & danger of WW3
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SHOWS RT
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NOTICIAS
IN SPANISH
Lat Am
search f alternatives to neo-fascist regimes & terrorist imperial chaos
REBELION
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ALAI NET
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RT EN
ESPAÑOL
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Lo que quiere comprar Pompillo es el petróleo de Ven y
eso no esta en venta
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Kesiser Report: "China no dudará en provocar una
caída del dólar"
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INFORMATION
CLEARING HOUSE
Deep on the
US political crisis: neofascism & internal conflicts that favor WW3
US Initiates Coup Against President Nicolás
Maduro By Peter Koenig
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Washington Has Appointed A President For
Venezuela By Paul Craig
Roberts
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New US Econ Attack Agst Cuba, Long Threat May
Hit Soon By W. T. Whitney
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Syria Ready to Strike Tel-Aviv, to Liberate
Golan By Dr. Bashar Ja'fari
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The West's Descent into 'Cultural Revolution' By Charles Hugh Smith
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COUNTER
PUNCH
Analysis on
US Politics & Geopolitics
David
Swanson The
World Will End in Fire
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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
Amy
Goodman’s team
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PRESS
TV
Resume of
Global News described by Iranian observers..
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