ND
NOV 5 19 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
GOOD & BAD NEWS?
While Markit's PMI disappointed and
dropped to 3-year lows, ISM's survey of non-manufacturers beat expectations and
that was all the market needed to be reassured that everything is about to be
awesome again...
See Chart:
US
Macro Surprise Index [[ Nada de bueno aquí ]]
And that "good news"
sparked a decidedly hawkish surge in Fed rate-cut expectations (only 1 rate cut
priced in by end 2020)...
See Chart:
Market-implied number
of rate-cuts priced in by end 2020 [[ worse ]]
Treasury yields have retraced all
the post-Powell drop... [[ good?
In part ]]
See Chart:
The dollar also retraced all of the
post-Powell drop... [[ tambien regreso a la nada ]]
See Chart:
El
gold en caida libre: a comprar a comprar que el mundo se
va a acabar
See Chart:
US Stocks were mixed but ended in red
See Chart:
Sox
Index: trade deal en caida libre
See Chart:
VIX futures Speculative position in
record short [[ big red ]]
See chart:
VIX Specutalive position
Inventing emotions: the market is gripped by "Extreme
Greed" - that hasn't worked out so well in the past...
See Chart:
Finally the meltup has decoupled stocks from Ed
Yardeni's infamous fundamental market indicator...
See Chart:
….
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The only
silver lining: there was still more than 1 million more job opening than
unemployed workers.
See Chart:
….
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The middle class has been transformed
into the muddle class by a number of
forces...
The net result is
the muddle class has the signifiers but not the wealth, power, capital or
agency that once defined the middle class.
The first
use of the phrase The Muddle Class appears to be The rise of the muddle classes (Becky Pugh, telegraph.co.uk) in January 2007. The
"muddle" described the complex nature of defining "the middle
class," which includes education, class origins, accents, and many other
financial, social and cultural signifiers.
Comedian
Jason Manford claimed to have coined the term in June 2013: "I've invented a new term; 'Muddle
Class'. When you find yourself being working class AND
middle class at the same time."
I'm using
the term to describe the economic class that has the social
signifiers of middle class status but little to no ownership of meaningful
capital or control of their own financial security. In other words, this class
"muddles through" the erosion of their purchasing power and economic
security, claiming the social status of "middle class" while their
financial status is impoverished when compared to the security of previous
generations of "middle class."
Social
status signifiers include: college diplomas, advanced degrees, overseas travel,
aspirational dining and consumer goods, home ownership, etc. But where previous
generations were building meaningful capital and assets that could be passed
down to their offspring, the assets of the "muddle class" are either
negligible or highly contingent on the speculative bubble du jour (stocks,
bonds, housing).
The more
meaningful economic metrics for middle class status are:
1. Household indebtedness, i.e. how
much of the income is devoted to debt service, and
2. How much of the household
spending is funded by debt.
·
If debt overwhelms assets, this financial fragility is not "middle
class."
3. The ability of the household to
set aside substantial savings / capital investment.
·
If the household is unable to save enough to weather financial crises,
this financial fragility is not "middle class."
4. The security of the households'
employment.
5. The dependence of the household
wealth on speculative asset bubbles inflated by central bank policies.
·
If owner's net equity in
a house is 10% to 20% of the value (the rest being mortgage debt), a modest
deflation of the housing bubble will wipe out all their equity and leave them
underwater, i.e. owing more than the house is worth. This financial fragility is not "middle
class."
6. The percentage of the household
income that is unearned, i.e. derived not from labor but from productive
assets.
If all the
household income is earned and there is no accumulation of income from capital
(assets), then this is the definition of the working class.
7. The exposure of the households'
employment to automation, AI or offshoring.
8. How much of the household income
is government transfers: benefits, subsidies, etc.
- Households that depend on government transfers to get by are not "middle class."
The muddle
class is losing ground not just in financial security and agency (control of
capital), but in intangible
capital, a topic I explore in my new book Will
You Be Richer or Poorer? Profit, Power and A.I. in a Traumatized World:
the intangible capital of social mobility, positive social
roles, employment stability, political power and a host of other forms of
capital that define "middle class" as much as a college diploma or
home ownership.
The middle
class has been transformed into the muddle class by a number of forces:
1. Neoliberal globalization and
ideology has eroded employment security by offloading risk onto workers while
fragmenting the family structure via turning everything into a global market.
2. The 4th
Industrial Revolution (software, robotics, digital technologies) is disrupting
previously stable employment, making earned income contingent and prone to
disruption.
3. The destruction of interest
earned on savings and the rise of central-bank fueled speculation has forced
households to either lose ground by holding cash or gamble in the rigged casino
of global markets--a gamble most will lose by design.
4. The ceaseless
rise of non-discretionary costs has eroded the purchasing power of wages, while
the winner take most speculative economy has reduced labor's
share of the economy (see chart below).
See Chart:
Workers share of national income
The net
result is the muddle class has the signifiers but not the wealth, power,
capital or agency that once defined the middle class. Signifiers may have social value, but not the
sort of financial value that can be handed down or converted into tangible
capital.
….
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...but that doesn’t mean
MMT won’t be tried, as the three engines of “growth” over the past 20
years - soaring debt, financialization and globalization - all falter.
====
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
FACT: BIG ELECTORAL STATES
are AGAINST TRUMP: NY-CA-++
"The
hard reality is, it is going to be a stretch too far for the Democrat
candidate."
====
"I’m
not convinced that if [President] Trump loses and a Democrat wins that it
necessarily implies a bear market and a recession..."
====
La sombra
del nazismo nos persigue a todo lado.. por
que ocurre eso?
...the current financial system is on the verge of a 1923-Weimar style
hyperinflation driven by Fed
bailouts trying desperately to support a deleveraging of the $1200 trillion
derivatives bubble that has taken over the western banking
system...
====
Y ahora
también son las ‘MULAS’ las que nos invaden: INVASORES INVADIDOS?
Before you
know it, these artificially
intelligent machines will be making war decessions without any or limited input
from humans.
….
De estos si es facil zafarnos: solo se
necesita convertir el edificio del PENTA EN UN MUSEO DE CALAMIDADES HSITORICAS.. Y que hacer con los que allí ‘trabajan’.. Ahora
tendrán real trabajo: a barrer el edificio que ayer ensuciaron
====
Si la
ciencia de los brujos lo dice así.. puede ser cierto:
This set of circumstances is unsustainable ... the world is approaching a big paradigm shift...
====
El
de-railer T no solo puede destruir Stat & Econ puede además dar
Gravy-bailouts to?
The simple fact is that they desperately want Trump out so they
can return to the good old days of
winks, nods, and payoffs...
====
PANIC about Hillary running
elections? Ella puede pagar pools e inventar RU-phobia
again, pero el monstruo de la pedofilia ya no asusta a nadie.. da risa en
cambio.
Let the
fear-mongering begin...
….
Este cree que las elecciones equivalen a hallowing .. quizá tiene razón
====
Se puso los
zapatos al revés: Los REPs dependen de la ignorancia y mentira de Trump
DOES
ENTIRE "SUCCESS" OF DEMOCRATS DEPEND ON KEEPING THE AMERICAN PEOPLE
WILDLY IGNORANT OF REALITY?
It's the most un-American
legal process one could ever have envisioned...
====
Un avión
lleno de Saudis salió del US Sep/12 con aval Presid. Fallaron en su plan
crimin
The deadline of yet another, and perhaps the most insidious, element of the post-9/11 initiatives is
less than one year from coming to fruition...
====
...puts all Americans at risk
of losing their liberty due to their political views or a few social media
posts. All those who value liberty must oppose this dangerous program...
====
RELATED
1:
El arte
de la manipulacion mediatica: la POST
VERDAD
“PROPAGANDA y Post –truth”
By Thierry Meysan
In Spanish:
PROPAGANDA y POST-VERDAD
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RELATED 2
...extremely powerful people
are pouring massive amounts of money and resources into
manipulating your understanding of the world will necessarily result in a distorted worldview...
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Los robot-humanos si son
peligrosos: their mind has been set up by ‘Deep-State’
It's no longer a question of
"if" we're going to all eventually be replaced with robot overlords in the workplace, it's a
question of "when".
====
RELATED:
Twitter and the New York Times are joining Adobe in trying to create a method for making clear
who makes photos or videos, and what changes have been made to them
along the way...
====
US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K-, D rest in limbo
La
amenaza del WW3 inunda el ambiente .. el
fascismo está detrás de ello
It
"must be stabilized—and, ideally, gradually reduced—within a framework
that ensures social
integrity." [[ US advise ]]
….
El dia 3 de enero se supo que un US B-52 BOMBER MADE
UNEXPECTED APPROACH OF RUSSIAN AIRBASE IN SYRIA BOMBER MADE UNEXPECTED APPROACH
OF RUSSIAN AIRBASE IN SYRIA se aproximaba a la base militar RU en Syria..’Uds sueltan una bomba y nosotros soltamos 100 y directamente al poder militar del US, su
Penta y Nato + nukes a-silos N-US donde el oil-fracking destruyo placas
tectónicas: el efecto simpatía puede hacer estallar volcanes muy peligrosos
para el US. Así tendrán idea de lo que significó el bombardeo a Hiroshima y Nagasaki’. El US B-52 se
suponía atacaría a los Turcos en Syria –acusados de haber disparado contra
soldados USA allí, pero se apuntó contra la estación RU. Sus radares captaron la
intención y se dio esa respuesta. La
orden del ataque USA se canceló y la humanidad se salvó del WW3. Oficialmente
solo se supo de una respuesta RU: “no estuvimos preparados para vuestro posible
ataque nuclear. Solo sabíamos que habría
respuesta automática. Gracias por el
aviso. De ahora en adelante estaremos bien alertas”. Así
de peligroso está el ambiente WAR WORLD 3 hoy en día.
====
Tenemos
competidores y al parecer no es mera fobia-anti CHINA
...beginning in mid-2015, the hackers
"moved toward strategic intelligence collection and establishing
access and away from direct intellectual property theft..."
====
SPUTNIK
and RT SHOWS
GEO-POL n
GEO-ECO ..Focus on neoliberal expansion
via wars & danger of WW3
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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 ORG
====
RT EN
ESPAÑOL
- Lo que se sabe sobre la masacre contra la familia LeBarón en el norte de México
- López Obrador promete justicia por la masacre de la familia LeBarón y rechaza la intervención de otros gobiernos en el territorio mexicano
- Con cañones de agua reprimen en Santiago de Chile la 'marcha del millón de máscaras'
- Arreaza denuncia que en EE.UU. gobierna una "élite guerrerista"
- Rusia, China y Turquía impulsan las compras mundiales de oro
- Conmebol confirma a Lima como sede de la final de la Copa Libertadores, debido a las protestas en Chile
- Trump ofrece su ayuda a México tras la masacre de una familia de mormones: "Es el momento de hacer la guerra a los cárteles" la política de T crea odios
- ONU: La guerra comercial entre EE.UU. y China amenaza a la estabilidad de la economía mundial
- Keiser Report Estafa piramidal: cómo funcionan "las máquinas de dilapidar dinero"
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
- Leaked Audio Confirms U.S. in Bolivian Coup
Plot By teleSUR
- The ‘War’ for the Future of Middle East By Alastair Crooke
- We Are All Palestinians By Philip Giraldi
- The blatant illegality of US interventions in
Syria By Ron Forthofer
- The Imperial Propaganda Machine: By
Caitlin Johnstone
- Where Are the ‘High Crimes’? By Patrick J. Buchanan
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Kani Xulam Why
Did Trump Sell Out Kurds?
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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’ team
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