ND
JUN 26 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
By Tyler Durden
In an effort not to bury the lead, we note that crypto
currency's rebirth accelerated dramatically today with Bitcoin spiking above
$13,500 intraday (up over $2000 in the last 24 hours - Bitcoin's biggest daily dollar rise
since Dec 2017)...
See Chart:
Helped by the extreme dovishness of
The ECB, The Fed, and various Fed-Speakers since. However, perhaps it is as
simple as this chart...
See Chart:
Bitcoin is
protection from the idiocy of policymakers... rather like gold...
See Chart:
US equities were juiced overnight by Mnuchin's trade deal
comments then gave it all back as humans realized the machines had misunderstood
his grammar - "deal WAS 90% done" is different from "deal IS 90%
done."
See Chart:
Trannies and Nasdaq outperformed
while Small Caps, Dow, and S&P were weakest...another weak close...
See Chart:
Trannies and Nasdaq outperformed while Small Caps, Dow, and
S&P were weakest...another weak close...
Today's strength was a rebound in
cyclicals as recent outperformance of defensives was dumped...
See Chart:
The Dollar dipped today but remains
in a tight range for the 3rd day since the FOMC day dump...
See Chart:
Finally, the following are the dates
of the last all-time high for various assets (h/t
bullmarkets.co)...
- Nikkei - 1989
- Oil - 2008
- Gold - 2011
- Silver - 2011
- Corn - 2012
- Bitcoin - Dec 2017
- DAX - Jan 2018
- Russell 2K - Aug 2018
- NASDAQ 100 - Apr 2019
BUY-AND-HOLD?
….
SOURCE: https://www.zerohedge.com/news/2019-06-26/bitcoin-soars-most-2017-dollar-drops-bond-yield-pops
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Insolvency
isn't restricted to private enterprise; governments go broke, too...
Official inflation,
growth in the economy (GDP) and increases in wages are typically pegged at
around 2% to 3% annually. But cost increases in local government
and agency services are soaring at rates far above the modest rates of economic
expansion.
Here's a list of tax and fee increases hitting residents of
one of the counties I call home; the list includes taxes/fees raised in 2017
and 2018:
1. Property
taxes: between 6.5% and 10%, depending on the property class
2. Gasoline tax (county), from
8.8 cents to 23 cents, phased in over 3 years
3. General
excise tax, up 6.3%
4. Garbage fee (commercial): up
27%
5. Sewer
fees: up 44%
6. Electricity (base rate): up
7.4%
7. Annual
vehicle safety inspection fee (state): up $5.81
8. County water service: up 8%
9. Accommodation
fee (a.k.a. hotel tax) (state): up 10%
All these increases are
manifestations of the Ratchet Effect: organizations and institutions
only know how to expand, so budgets, head counts, administration, etc. are
always ratcheting higher.
The Ratchet Effect sets up The
Rising Wedge Model of Breakdown: as complexity, costs and layers of
management all ratchet higher, the organization loses the flexibility required
to deal with outright declines in revenues. As a result, any sustained drop in
revenues causes the institution to break down, i.e. fail systemically.
See Chart:
At some
point, the trickle of businesses closing becomes a self-reinforcing flood. As vacant storefronts become the norm, cities
respond to the loss of tax donkeys by launching desperate marketing campaigns
which do nothing to address the real problem, high costs: come spend
money in our commercial districts! These
campaigns fail to move the needle, and as the economy slips into a long-delayed
recession, city revenues plummet, triggering even more onerous fees and taxes.
See Graph:
….
…
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"The points where we’ve observed rapid increases in inflation overlap those periods where the
economy was running near full capacity yet government deficits were
expanding. We’re approaching a
similar situation at present..."
See Chart:
….
SOURCE: https://www.zerohedge.com/news/2019-06-26/schiff-inflation-chickens-will-come-home-roost-buy-gold
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With the
10-year real yield now sitting below 20 basis points, the corporate undead continue to roam...
Globally, the stock of negative-yielding debt crossed a
record $13 trillion on Thursday, according to data from Bloomberg. That
represents 26% of GLOBAL SOVEREIGN DEBT supply and 15.3% of nominal worldwide GDP for 2018. Stateside, the 10-year Treasury yield remains below 2%, down
from 3.25% in November.
See Chart:
Weeckly Change In NegativeYielding
DEBT
https://www.zerohedge.com/s3/files/inline-images/weekly%20change%20in%20neg%20debt.jpg?itok=jz-AGpp9
With the
10-year real yield now sitting below 20 basis points, the corporate undead
continue to roam.
…
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"We're
not going to be invited."
====
The
magazine recently celebrated Marx's 200th birthday... says his ideas
"can still teach us about the past and present."
….
Marx is of course one of the most serious
analyst on Capitalism. Good luck
====
... a wealth tax would
almost certainly be anti-growth... while economic indicators might not
tumble immediately, the American economy would eventually become less dynamic and competitive...
….
“Dynamic & competitive”?..with the highest
unemployment rates and VIX Ec-uncertainty at top level, with inflation getting
up & up, with the 10-year real
yield now sitting below 20 basis points: THIS IS ECON COLLAPSE,..not even the billionaires can reproduce their capital without
the help of QEs and other free-money from FED banks.. Read Tyler Durden last
report in https://nd-hugoadan.blogspot.com/
or go to https://www.zerohedge.com/news/2019-06-25/bonds-bitcoin-bullion-jump-stocks-dump-powell-pullback-trade-talk. If
you don’t like his view, Check this PAUL CRAIG ROBERTS
EXPOSES THE DIMINISHING AMERICAN ECONOMY OR
THIS According to Federal Reserve
reports, 40 % of American
households cannot raise $400 cash. See Chart: https://www.zerohedge.com/s3/files/inline-images/2019-06-25_9-53-24.jpg?itok=opAKedH- Or
this one with different charts: The Diminishing
American Economy By Paul Craig Roberts. OUR Economy is
collapsing, that is why we want to go to WW3: OUR SUICIDE and holocaust at
world level.
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...before trying to do anything
to make things better, make sure you aren’t making things worse...Yet
it’s very hard advice to follow if you are looking after not just a human
body, but a larger economic body...
====
... SumOfUs presented a proposal to Mastercard’s shareholders, calling
on the company to establish a
“human rights committee” that would monitor payments to the “far right.”
====
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
Here we go
again with Washington's favorite "no boots on the ground" mantra...
====.
Xinophobia is still ramping.. Does this help Trump policies
on trade? Or is his policy?
Is
'Orwellian trolling' a thing?
====
Preferential tax rates and tax holidays appear to be two of the
financial incentives that are being considered...
====
In the first five months of 2019, imports of agricultural products from the US crashed 55.3% YoY. Much
of decline was due to a 70.6% YoY
decline of soybeans in the same period...
====
What about uranion residuals & gases if Trump WW3
Starts?
...opponents of a carbon tax can now
adopt the slogan: “Do it for the children!”
====
Here we
need to understand that Iran would
instantly retaliate, and Tehran has no small capabilities for that.
In other words, it would be a
full-scale war...
====
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
====
ALAI ORG
====
RT EN ESPAÑOL
- Dos pilotos mueren tras el aterrizaje forzoso de un avión de pasajeros en Rusia (VIDEOS)
- Maduro anuncia la captura de los responsables del plan de golpe de Estado en su contra
- Putin y Trump se reúnen este viernes en Japón: ¿De qué hablarán?
- Hallan un nuevo riesgo potencial en los Boeing 737 MAX
- "El padre probablemente era un tipo maravilloso": Trump dice que "odia" la foto del migrante muerto con su bebé Barbarie racista contra Latinos
- Aviones pierden la señal GPS en el espacio aéreo de Israel y nadie sabe por qué
- Un asteroide 'dorado' podría convertir en multimillonarios a todos los habitantes de la Tierra
- Venezuela anuncia que frustró intentos de golpe de Estado contra Maduro con ayuda internacional
- Huawei: "Google podría perder hasta 800 millones de usuarios si abandonamos Android" El phone celular de Huawei es mucho mejor. Se lo puede activ gratis
- A la cuenta de Trump: la evitable muerte de los niños migrantes en Estados Unidos Si pierde las elec va a cárcel. De ahí su afán de iniciar el WW3:suicidio
- Argentina reitera ante la ONU su reclamo de soberanía sobre las islas Malvinas
- El Zoom Comando Sur: El espíritu de Monroe
- Keiser Report Estafa Ponzi alimentada con dinero de los más humildes
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COUNTER
PUNCH
Analysis on US Politics & Geopolitics
Melvin Goodman The
U.S.-Iran Imbroglio: Dangerous Lessons To Be Learned
Paul Street Reflections
and Correspondence at the Abyss
John Laforge Trump’s
Ministry of No Information
Paul Edwards Fool Me Twice
Rob Hager Warren
and Sanders: Compare and Contrast
John Steppling The Monkey’s
Face
Evaggelos Vallianatos A World of
Shadows
Dave Chapman The
Hydroponic Threat to Organic Food
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
-UK
Government’s “5G Rural First”: “Dangerously High” Levels of Electromagnetic
Field Radiation (EMF) in Southern England. By Annie Dieu-Le-Veut,
-Life
Expectancy Falters in the UK: Slow Death but Fast Profits for the Agrochemical
Sector By Colin Todhunter,
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DEMOCRACY NOW
Amy Goodman’ team
-Trump
Admin Moves 100 Migrant Kids Back to “Child Jail” Despite Concern over Inhumane
Conditions.
A confesión de
culpa, relevo de pruebas: Debe ir a la Carcel
-AOC
Joins Other Progressives to Vote Against Dems on Funding Bill for DHS, Call for
Abolition of ICE
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PRESS TV
Resume of Global News described
by Iranian observers..
Tiny
Rouge Force in Somali
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