APR 24- 2021 ND 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
WHAT HIGHER CORPORATE TAXES MEAN FOR THE MARKET: A SURPRISING OBSERVATION
by Tyler Durden
"It is not corporate tax rates that are dictating market performance."
Earlier this month, Joe Biden unveiled his Made in America Tax Plan, which proposes an increase in the US corporate tax rate to 28% from 21% which was followed by a Bloomberg report that the capital gains tax would be hiked to 39%. And while the tax plan and all of its details are unlikely to pass through Congress in its current form, the prospect of higher corporate taxes has immediately translated into angst among investors based on numerous client conversations (such as those of Goldman), despite historical market data indicating that changes to the corporate tax code should not be feared. In fact, a recent report from BMO's Brian Belski shows that calendar years in which tax hikes went into effect have historically coincided with double-digit S&P 500 price returns and stronger US GDP growth, on average.
Belski also found that the level of corporate tax rates does not seem to have a meaningful long-term impact on broader market performance as companies have been able to generate solid price returns and healthy earnings growth under various tax regimes throughout history.
And while an increase in corporate taxes will inevitably lead to a reduction in 2022 S&P 500 bottom-up EPS, with Goldman estimating that the Biden tax plan will cut 2022 EPS by 9%, all things equal...
See CHART:
BIDEN WON'T RAISE TAXES ON ANYONE MAKING LESS THAN $400,000. Here his plan:
Biden Tax Plan would reduce SPX 2022 EPS by 9% as of March 18, 2021
https://cms.zerohedge.com/s3/files/inline-images/biden%20tax%20plan_0.jpg?itok=_X4sQmZD
... Belski argues that other factors are also at play that could potentially offset some of this earnings hit such as economic stimulus, infrastructure spending, and improving overall fundamentals for US stocks.
BELOW WE SUMMARIZE THE MAIN POINTS FROM THE BMO REPORT:
Tax Increases Have Been Far From Detrimental to US Stock Market Performance
· According to BMO, during the five prior corporate tax rate increases, the S&P 500 posted an average calendar year gain of 12.9% with positive price returns in each instance
Companies Can Generate Solid Price Returns and Earnings Growth Under Various Tax Regimes
- Over past decades, tax environments appeared to have little long-term effect on broader market price returns and corporate profit growth
Investing Solely Based on Tax Rate Levels Is Not a Worthwhile Strategy
- Changes in tax policy can impact short-term performance trends in companies with the highest and lowest tax-rates, but these effects tend not to persist over time
Estimating the Impact of a 28% Corporate Tax Rate on S&P 500 EPS
- BMO's analysis shows that a corporate tax rate hike to 28% could shave 6.1% off 2022 S&P 500 bottom-up EPS - slightly below the 9% Goldman estimate, while an increase to 25% could reduce earnings by 3.5%
Some more details:
Biden’s proposal to raise the US corporate tax rate to 28%, from 21%, would mark the first increase since 1993 and sixth tax hike since 1945.
See Chart:
Biden’ proposal corporate tax hike to 28% would mark the 1st increase since 1993
[ In my view:
The year 1985 is the key to understand geo-political change at world level.: In 1985 se voltea la tortilla quemada por el Washington Consensus. Este anio -1985- fue impuesto el modelo neoliberal at global scale. This was the end of the solid Econ growth created by the “New Deals” from FDR. Instead was installed the current neoliberalism to favor big Corp (QEs & Bailouts) with the support of military force and wars abroad.
The explosive inequality came up with its fake economy: printing money from the thin air: NOT real capital reproduction happened, but huge debts behind curtains. This debacle foster the idea that the only solution to save capitalism is to destroy RU_CHI via WW3.
The 1st attempt happens 2 years ago when we try to bomb & invade RU-CH before the current pandemic Covid-19, with 48 Th troops from US-NATO. This attempt failed: the Italian soldiers were infested by Covid 19 and many other soldiers from NATO. The the virus in their own countries & are still suffering its effects. The rest of this failure is known.
Now is clear that RU-CH are ready to respond at the same level of military nuclear power. There will not be winnerwith WW3 and only genocides, destruction & pandemics will be the end of this collapse.
It seems that there is a secret agreement between super-power: dismantle zones of military conflict. RU is doing so, and the US with Biden is doing the same. IF both attemps failed it will be the end of History.
Biden’ plan to tax the rich -as FDR did it before- have good intentions .. but good intentions could be also the path to inferno. It is the nation the main force for SOCIAL PEACE. The whole political system has to be re-defined by regional Law-makers.
The third party option has to be introduced to mediate conflicts between current bipolar system (Dems vs Reps) . Then we will get total legitimacy for the ruling party and GOBERNBILITY for their plan in action. Without a third party the current chaos will be worse and worse to the point of anti-democracy and neo-fascism for the current regime to survive. iF happens violent popular revolution will open its path.
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
TAMPA MCDONALD'S EXPOSES AMERICA'S SYSTEMIC LABOR SHORTAGE, FORCED TO PAY PEOPLE $50 TO INTERVIEW
...do "whatever it takes to hire workers."
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HAWAIIAN RENTAL CAR SHORTAGE LEAVES TOURISTS RENTING U-HAUL TRUCKS
"Most of the time, they're saying that they can't get a vehicle from any of the rental spots. They're all sold out."
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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
THE UNITED STATES HAS DECLARED DEFEAT IN TWO MORE WARS
By Ryan McMaken via The Mises Institute,
... these withdrawals signal the US’s continued geopolitical decline in a world that is becoming multipolar and highly motivated to bring to a final end the US’s vanishing "unipolar moment"...
President Biden announced last week that he planned to remove all combat troops from Afghanistan by September, which he says will mark the end of what is now a twenty-year war in the central Asian country.
A week earlier, the US and Iraq reaffirmed a deal to withdraw “any remaining combat forces” from Iraq, and to further wind down the US involvement there, which dates back to the 2003 invasion.
In reality, of course, both Iraq and Afghanistan are just two more wars that the United States has lost in a long list of botched military interventions dating back to Vietnam and Korea. Moreover, these withdrawals signal the US’s continued geopolitical decline in a world that is becoming multipolar and highly motivated to bring to a final end the US’s vanishing “unipolar moment.”
CONTINUE READING AT:
SOURCE: https://www.zerohedge.com/geopolitical/united-states-has-declared-defeat-two-more-wars
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SPUTNIK : https://sputniknews.com/
- US President Joe Biden Recognises Killings of 1.5 Million Armenians by Ottoman Empire as 'Genocide'
- Cases of Ex-Maryland Medical Examiner Who Testified Chauvin Didn't Kill Floyd to Be Reviewed Chauvin deserves capital penalty to stop police brutality. Severe sent is OK
- Volcano in Southwestern Japan Reportedly Erupts, No Damage, Casualties Registered
- At Least 700 Palestinians Reportedly Protest on Gaza Border Amid Rocket Fire
- At Least 27 People Reportedly Dead in Fire in Baghdad Hospital for COVID-19 Patients
- Turkey Launches Massive Operation in Northern Iraq
- Venezuelan Health Minister Praises Sputnik V as World's Most Effective Vaccine
- Turkish FM Summons US Ambassador to Ankara Over Biden's Recognition of Armenian Genocide
- Penta Believes Russia Behind Mysterious Directed Energy 'Attacks' on Troops in Syria
- Harris’ 'GPS Got Confused' As She Visited New Hampshire Border Instead of Mexico
- Israel Sees Fresh Wave of Rocket Attacks From Gaza as Netanyahu Says to 'Prepare for Any Scenario'
- Ex-US Marine Deployed to Afghanistan Slams Troop Pullout Postponement to 9/11
- Foreign Singers to Perform Soviet WW2 Songs at Final of 'Road to Yalta'
- AOC Claims Biden ‘Exceeds’ Hype Amid War Fears and Migrant Crisis
-From police brutality to army stupidity: US National Guard Mulled Using F-15 ‘to Intimidate Civilians’ Amid COVID Lockdown
- Biden Recognises Killings of 1.5 Million Armenians by Ottoman Empire as 'Genocide'
- Tanker Off Syrian Shore Catches Fire After Susp Drone Attack From Lebanese Waters
- Idaho Legislators Approve Bill to Kill 90 Percent of State’s Wolves
- US Police Say 5 People Injured in Shooting in New Orleans
- Germany Mulls Putting Construction of Nord Stream 2 on Hold Amid US Pressure
- Protests in Jerusalem and Rockets Fired From Gaza: Here's What's Going On in Israel
- Russian Demands That Google Remove Restrictions on RT's YouTube Channel
- US Tells Jewish Leaders Sanctions to Be Kept Until Iran's Nuclear Progr 'Back in Box'
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APR 24- 2021 ND SIT EC y POL SPANISH ++
REBELION
PAL: Los palestinos resisten: “¡No nos moverán!” Daniel Beaumont
ALC: Artificios “inteligentes” y la falta de inclusión en América Latina
Robots : EL DÍA EN QUE LAS MÁQUINAS ELIJAN: No habrá robo de vot
Cultura: Presentación del libro Eusko gudariak de Lorenzo Espinosa
Opin: LOS POLÍTICOS DESQUICIADOS Jaime Richart
Cuba: EL ALMA DE LA REVOLUCIÓN Mario Valdés Navia
Ecuad: Pronaca, una empresa que contamina y recibe fondos del BM
MX: El escuadrón 421 del EZLN: listo para viajar a “Europa” A H R
España: POR QUÉ MIGUEL HERNÁNDEZ SIGUE SIENDO DELINCUENTE
US: G Floyd, Cariol Horne y deber d agent d policía d denunc brut pol
US: LA NUEVA GUERRA FRÍA DE ESTADOS UNIDOS P Brieger
UE: Kosovo UN CAMBIO HISTÓRICO Catherine Samary
África: Impiden llamar la atención sobre situac del Sáhara Occidental
Mundo: VEAMOS… ¿QUIÉN QUIERE UNA GUERRA? Pepe Escobar
Mund : Nuevas formas de segregación y control social Raúl Zibechi
OMS ¿La bolsa o la vida? No, ¡la bolsa y la vida! David Souto Alcalde
Sionismo: Destino triple cada vez más negado de Jerusalén Luis E. S
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RT EN ESPAÑOL
Rusia suspende por 6 meses el paso de buques de guerra en 3 zonas del mar Negro https://actualidad.rt.com/actualidad/390329-rusia-suspender-paso-buques-zonas-mar-negro
Listos para el WW3 dice Rusia y luego se sentaron a negociar la paz: retiro del US de 3 paises y de Rusia de dos
Venezuela un nuevo lote con 80.000 dosis de la vacuna rusa anticovid Sputnik V https://actualidad.rt.com/actualidad/390369-arriba-venezuela-nuevo-lote-sputnik-v
Y dicen que este lote vino con su regalito para romper el bloqueo USA
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- The Nuclear Bomb Is Ready: In Italy Soon. By M Dinucci, NATO se arma
- Japan: Dumping Fukushi Radioact Water in Pacif Ocean Is “Unavoidable” By EM
- “Let’s Talk about what Zionism Means to Palestinians” By Rima Najjar,
- US Nuclear Attack against USSR Planned During World War II By M Ch
- Biden and US Foreign Policy in the Middle East By Dr. Dina Y.
- Syria to Pay for “Planned Explosion” in Israeli Weapon Factory By South Front
- US Seeks South China Sea Conflict By Tony Cartalucci
- Medical Tyranny on US College Campuses By Stephen Lendman
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CROSS TALK https://www.rt.com/shows/crosstalk/
THE HASH WARS ARE HERE (E1688)
Max and Stacy look at the flow of hard money into China as rumors fly about gold-backed central bank digital currencies and bitcoin receives some positive words from the PBOC. Max continues his interview with Charles Hugh Smith of OfTwoMinds.com about the cultural revolution sweeping the West and what it means for the economy going forward
SOURCE: https://www.rt.com/shows/keiser-report/521926-china-flow-hard-money/
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