ND DEC 2 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
“We
are sitting on the top of an
unexploded bomb, and we really don’t know what will trigger the
explosion...”
We are facing a corporate debt bomb that is far, far
greater than what we faced in 2008, and we are being warned that this
“unexploded bomb” will “amplify everything” once the financial system starts
melting down.
Thanks to exceedingly low interest rates, over the
last decade U.S. corporations have been able to go on the greatest corporate
debt binge in history. It has been a tremendous “boom”, but it has
also set the stage for a tremendous “bust”. Large corporations all over the
country are now really struggling to deal with their colossal debt burdens, and
defaults on the riskiest class of corporate debt are on pace to
hit their highest level since 2008. Everyone can see that a major
corporate debt disaster is looming, but nobody seems to know how to stop it.
At this point, companies listed
on our stock exchanges have accumulated a total of almost 10 trillion dollars
of debt. That is equivalent to approximately
47 percent of U.S. GDP…
A decade
of historically low interest rates has allowed companies to sell record amounts
of bonds to investors, sending total U.S. corporate debt to nearly $10
trillion, or a record 47% of the overall economy.
In recent
weeks, the Federal Reserve, the International Monetary Fund and major
institutional investors such as BlackRock and American Funds all have sounded
the alarm about the mounting corporate obligations.
We have never witnessed a
corporate debt crisis of this magnitude.
See Chart:
Non
Financial Corp Debt as a % of GDP Exceeds Prior Pick
Corporate debt is up a whopping 52 percent since
2008, and this bubble is continually growing.
And actually the 10 trillion
dollar figure is the most conservative number out there. Because if you add in
all other forms of corporate debt, the grand total comes to 15.5 trillion
dollars. The following comes from Forbes…
Total
corporate debt is actually much higher. Adding the debt of small medium sized
enterprises, family businesses, and other business which are not listed in
stock exchanges ads another $5.5 trillion. In other words, total US corporate
debt is $15.5 trillion, 74% of US GDP.
Needless to say, this mountain of corporate debt is definitely not
sustainable.
“We are sitting on the top of an unexploded bomb, and we really don’t
know what will trigger the explosion,” said Emre Tiftik, a debt specialist at the Institute of International
Finance, an industry association.
Continue reading this
interesting art at:
….
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So we really have two generally unhappy groups: people who
want to work more and raise their income, and people who want to work less but
keep their income.
Unhappy Employment
There’s this plight of people who, while not
necessarily poor, aren’t where they think they should be—and
perhaps once were.
The US Private Sector Job Quality Index aims to give data on this… distinguishing between low-wage,
often part-time service jobs and higher-wage career positions.
See Chart:
Worse, the good jobs are
shrinking in number. In 1990, almost half (47%) were in the “high-wage”
category. In 2018, it was only 37%.
Work More, Earn Less
Much of the wage gap came not from the hourly
rates, but from the number of hours worked.
The labor market has basically split in two
categories with little in between.
There are low-wage
service jobs in which you get paid only when the employer really needs you, and
higher-wage jobs that pay steady wages.
See Chart:
Inflation adjusted Weekly
Income for high & low quality Jobs (2018 USD)
The number of young people working in
the so-called gig economy, working multiple part-time jobs, is growing. And
part-time jobs generally are not high-paying jobs.
This also helps explain why so many relatively
well-off people feel like they are always working and have no free time. Their employers really do keep them busy.
So we really have
two generally unhappy groups: people who want to work more and raise their
income, and people who want to work less but keep their income.
What’s the answer? We need to find
one, and to do so we must talk about it. And that is possibly
an even bigger problem.
Broken Politics
Political decisions need to be made.
The problem is that the
ideological gap between the median Democrat and the median Republican has
widened into a huge chasm in this century.
What as recently as 2004 was a mountain-shaped distribution with a small dip in between
now looks more like a volcanic crater.
See Chart:
DEMs and REPs more
ideologically divided that in the past:
The simple fact is that the “center” is
shrinking. It is hard to consider compromises when positions are so
hardened that no compromise is allowable.
Whatever the reason for
this (which
is another debate), it prevents our political system
from addressing important issues. This leaves an anxious population to feel either completely abandoned, or thinking it must align
with one side or the other just to survive.
* * *
I predict an
unprecedented crisis that will lead to the biggest wipeout of wealth in
history. And most investors are completely unaware of the pressure building
right now. LEARN
MORE HERE.
….
SOURCE: https://www.zerohedge.com/personal-finance/mauldin-americas-full-employment-hides-dirty-secret
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What happens if you toss $97.9B in liquidity at an extended market and
it sells off anyways? Maybe nothing, but maybe everything...
The unholy alliance surely
has succeeded in elevating asset prices in recent weeks, indeed prices have exceeded the level I suggested as a
potential key target in April in Combustion, 3102 on $ES:
See Chart:
Today $ES hit 3157 or 1.7% above that level I
outlined then.
Back then I discussed an apex of trend lines
possibly converging in October 2019. October came and went and the Fed went
full repo and QE and markets kept ascending relentlessly. Until today.
And guess what. Despite all the rallying $ES
still hasn’t managed to recapture its broken 2009 trend line. It still hasn’t
overcome its 2007 trend line. And it still hasn’t overcome its broken 2019
trend.
Today $ES hit 3157 or 1.7% above that level I
outlined then.
Back then I discussed an apex of trend lines
possibly converging in October 2019. October came and went and the Fed went
full repo and QE and markets kept ascending relentlessly. Until today.
And guess what. Despite all the rallying $ES
still hasn’t managed to recapture its broken 2009 trend line. It still hasn’t
overcome its 2007 trend line. And it still hasn’t overcome its broken 2019
trend.
No Sir. What this rally
has done to run relentlessly toward a trifecta apex of trend lines. When? This
morning. In pre-market:
See Chart:
Got within 20-25 handles
of that apex peak point and on a negative monthly divergence again.
Now there’s nothing that says we can’t get
above it with all this liquidity, but I note $ES got near the apex and suddenly
rejected even with $97.9B in liquidity thrown at it.
This convergence of trend
lines ends this month. It may simply mean nothing by the end of the month or it
may mean everything. It’s simply too early to tell. If it means everything then
it may be game over for this bull run.
So December will be critical to get a better
sense of the validity of this chart.
Perhaps of note the rejection today came at
key trend line resistance points in the form of throw overs. The throw overs occurred
last week during the shortened low volume holiday week.
The broad all market ETF
$VTI:
See Chart:
The rejection today then
leaves its megaphone structure technically still intact. On the short
time frame $SPX has formed a new channel in recent
months and it rejected today as well:
See Chart:
All we can say for certain now is that $ES reached a massively important confluence area and so
has the larger market.
Tops are only known in hindsight and we are
far from confirming anything here, but at least we know where we are relatively
to several key trends.And for today at least all of
these trends have asserted themselves in form of resistance and if they prove
meaningful it may be game over for this liquidity soaked bull run.
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
“There
are concerns for 2020. Nothing
went right on Election Day. Everything went wrong. That’s a
problem.”
====
DOES this really happens in my
country?... Horrible!. Can we pay more to our
Police? and if they continue doing so, SEND THEM TO JAIL with special Law & prosecutors
...Americans have had their liberty destroyed by
their own government, which was precisely what our ancestors were trying
to prevent when they enacted the Bill of Rights.
For centuries, it has been an established tenet of
Western jurisprudence that a person cannot be punished for a crime unless the
government first convicts him of the crime in a court of law. After the Constitution called the federal
government into existence, our American ancestors demanded that this principle
be enshrined in the Bill of Rights because they were convinced that federal
officials would end up violating it.
The
Fifth Amendment states in part:
“No person shall be
held to answer for a capital, or otherwise infamous crime, unless on
presentment or indictment of a Grand Jury…. nor be deprived of life, liberty,
or property, without due process of law.”
What is “due process of law”?
The centuries-old judicial principle of due process
of law was destroyed when Congress enacted what are called asset-forfeiture
laws, which are part of the decades-long federal effort to win the war
on drugs, which is arguably the most failed, deadly, destructive, and racially
bigoted government program in our nation’s history.
Realizing that all of their previous efforts to “win” the war on drugs
had failed, the feds came up with what they considered was a brilliant idea,
but one that actually has turned out to be one great big crooked and corrupt
racket that forcibly takes money out of the pockets of law-abiding citizens and
puts it in the coffers of state cops and the federal Drug Enforcement
Administration, in direct contravention of the due process clause of the Fifth
Amendment.
Here is how the system works.
The state police decide to stop
a late-model car traveling down the highway that is being driven, say, by an
African-American. The cop might come up with some excuse for the stop, such as
a defective tail light. After asking for a driver’s license and car
registration, the cop will ask the driver if it’s okay if he searches the
vehicle. The driver, who has nothing to hide, says yes.
The cop finds a case containing $10,000 in cash. The driver explains that he is
on his way to buy a used car for his son.
What
happens then? Under traditional rules of jurisprudence, nothing should
happen except to let driver proceed on his way, with, at most, a citation for a
defective tail light. The driver has not committed any other offenses. Under
our system of justice, he should be free to be on his way
BUT that’s not what happens
under the asset-forfeiture law. The law permits the
cops to assume that the cash must be “drug money.” Thus, the law now permits
the cop to just take the driver’s money and transport it back to the police
station, where the loot is divided up between the police department and the
DEA.
Notice something important about this process: There
are no criminal charges filed against the driver. There is no advance notice of the seizure. There is no
hearing or trial before the seizure. People, especially poorer people, are
having their money seized and taken from them by the cops in direct violation
of the due process clause of the Fifth Amendment (as well as the due process
clause of the Fourteenth Amendment).
The cops say to their victim: If you don’t like
what we are doing to you, you can sue us. And they can. But as a
practical matter, most don’t. They just resign themselves to the theft of their money.
After all, most of them don’t have the money to hire a lawyer to file a lawsuit
in the hope of getting their money back. Even if they do, they know that
they’ll have to pay the lawyer $300-$500 an hour, with no assurance that
they will prevail in the litigation. It’s just not
worth it to most people, especially most poorer people.
It’s a
classic case of highway robbery at the hands of the state. It’s also a classic example of how Americans have had their liberty destroyed by their own
government, which was precisely what our ancestors were trying to prevent when
they enacted the Bill of Rights.
….
SOURCE: https://www.zerohedge.com/personal-finance/asset-forfeiture-and-destruction-american-liberty
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Horowitz does not know about - or did
not include - potentially exculpatory evidence...
====
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
This was about time.. to
happens
"In response to the unreasonable
behaviors of the US side, the Chinese government decides to suspend the review
of requests by US military ships..."
====
Here we expect a tit for tat..
The French tax "discriminates
against U.S. digital companies, such as Google, Apple, Facebook and
Amazon."
====
"The local social incidents with increasing violence
depressed consumption..."
….
Imaginemos la violencia en US IFTrump gana con compra d votos vías Fundations
====
...since
the US signaled, through its effective withdrawal from Syria, that it has
little interest in military actions in the Middle East, the door has been fully opened to China and
Russia to advance their ambitions in the region.
…
THE US is deeply
involved in this problem.. WW3 could come because of it
====
SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
-
Jeremy Corbyn on Tape: 'I Wish NATO Didn't
Exist' Hit the pawn of Trump: tell the Nation that their war
policies at putting at risk the existenc of London Banks + Mil-Arse Tell your
nation the true: Nato is a peace of cake for RU-CH-Iran whose missils target Lo
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NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION:
Opin: "En defensa de Julian
Assange" Sally Burch
ALAI NET ORG
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INFORMATION
CLEARING HOUSE
Deep on the US political
crisis: neofascism & internal conflicts that favor WW3
-The OPCW Is Accused Of False Reporting U.S.
Propaganda By Moon Of Alabama
-
What’s next for Bolivia after military coup? By Reese Erlich
-
Empire Intervention: Intentional Sacrifice of U.S. Soldiers By JG. Hornberger
-
American Exceptionalism Is Killing the Planet By William J. Astore
-
What Would It Cost to Buy the 2020 Election? By
Sam Pizzigati
- The New
'Black Codes' By Chris Hedges
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
John
Pilger Visiting
Assange, Britain’s Political Prisoner
Carl
Boggs The Grand
Illusion
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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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PRESS
TV
Middle East n world news
- China ‘may ban all US diplomats from Xinjiang’
- Disabled Yemenis suffering most in Saudi war: Amnesty
- Hong Kong’s leader lashes out at US over new legislation
- Impeachment: Trump’s hiding something, Nadler says
- Five killed in overnight airstrikes in Libya
- No need for Obama endorsement: Biden
- Sheikh Zakzaky languishing in jail despite court's ruling
- IAEA chief says seeking constructive ties with Iran
- French vote one step closer to anti-Zionism ban
- Russia to replace Wikipedia with homegrown encyclopedia
- 'United Nations responsible for current crisis in Yemen'
- PROGRAMS
- US Hong Kong interference
- EU INSTEX moves
- Jeremy Corbyn's foreign policy
- US Iraq interference
- London Bridge attack
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