Mês: agosto 2019

What Globalism Did

The US Economy Transferred to China   Paul Craig Roberts Aug. 21, 2019   The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing power, and tax base of state and local governments. Corporations have increased short-term profits at the expense of these long-term costs. In effect, the US economy is being moved out of the First World into the Third World. Tariffs are not a solution. The Trump administration says that the tariffs are paid by China, but unless Apple, Nike, Levi, and all of the offshoring companies got an exemption from the tariffs, the tariffs fall on the offshored production of US firms that are sold to US consumers. The tariffs will either reduce the profits of the US firms or be paid by US purchasers of the products in higher prices. The tariffs will hurt China only by reducing Chinese employment in the production of US goods for US markets. The financial media is full of dire predictions of the consequences of a US/China “trade war.” There is no trade war. A trade war is when countries try to protect their industries by placing tariff barriers on the import of cheaper products from foreign countries. But half or more of the...

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The “Trade War” Is Over

Trump Just Doesn’t Realize It Yet!   Lance Roberts Aug. 19, 2019   On Tuesday, the markets bid higher following a statement from the U.S. Trade Representative’s office that tariffs will commence on September 1st, but that some products will be delayed until December 15th. To wit: “…some tariffs will take effect on Sept. 1 as planned, ‘certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent. Further, as part of USTR’s public comment and hearing process, it was determined that the tariff should be delayed to December 15 for certain articles.” The only part the algos heard was “tariffs delayed,” which sent them into stock panic buying mode. However, stocks crashed again on Wednesday as the yield curve inverted, sending “recession fears”through the markets. Of course, since President Trump has pegged the success of his Presidency on the rise and fall of the markets, on Wednesday, as “tweets” about a “trade talks continuing” failed to lift the markets, he resorted to more direct measures to manipulate the markets: Via CNBC: “Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, according to people with knowledge of the situation.” This, of course, was reminiscent of the call made by Steve Mnuchin, U.S. Treasury Secretary, during the market rout last December. But most importantly, this is about...

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SI

Situação Internacional   João da Silveira     Seg. 12 ARGENTINA : DERROTA DE MACRI : Mercado reage mal (Poder360)….   Ter. 13 VLADIMIR PUTIN : ARMADOR QUE TUDO ARMA E PERDEDOR QUE TUDO PERDE : (Bryan McDonald)….   GOLD RALLY :  A CORRIDA AO OURO : (Jim Willie – Video Part I)….   Qua. 14 BANCO CENTRAL DO BRASIL :  Em meio a pessimismo global, BC anuncia primeira venda direta de dólares desde 2009 (Poder360)….   HUAWEI NO BRASIL : US$ 800 milhões em nova fábrica de smart phones  da quinta geração em São Paulo (DM Chan)….   HONG KONG :  PROTESTOS VIOLENTOS NO ÚLTIMO ESTÁGIO : (MoonOfAlabama)….   USAMÉRICA E CHINA :  GUERRA COMERCIAL : Donald Trump vai perder (Paul Krugman)….   Qui. 15 SÍRIA :  A GUERRA EM IDLIB : Rompida a linha de frente pelo Exército, abre-se a grande batalha pela província (MoonOfAlabama)….   ANGELA MERKEL :  Afunda a economia alemã e repassa o controle da União Europeia a Macron (Alex Christophorou com Alexander Mercouris, vídeo)   IRÃ x USA :  Gibraltar desafia os Estados Unidos ao soltar o petroleiro iraniano (Alison Tahmizin Meuse)….   TRUMP x XI :  As jogadas de Donald Trump em Hong Kong não vão arrumar nada (William Pesek)….   USAMÉRICA : Assim começará e próxima crise financeira (Chris Hedge e tradução de Antonio Martins)….   GOLD RALLY:A CORRIDA AO OURO : (Jim Willie – Video...

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Bill Bonner’s Outrage

An Inverted Yield Curve Isn’t a Tragedy… It’s an Outrage   Van Bryan Aug. 18, 2029   It inverted… We’re talking about the yield curve, that unnervingly prescient recession indicator. The last time this happened was 2007, right before the worst financial crisis of the 21st century. Wall Street took the news poorly. Stocks sold off. The S&P 500 dropped 3% on Wednesday. But the inverted yield curve is more than just a tragedy for speculators. As Bill put it, it’s an outrage. This week, our editor knew precisely who to blame for this insult… Have We Already Seen “Peak America”? To start the week, stocks remain near all-time highs. High stock prices represent an optimism for the future. But Bill’s not convinced. Everywhere in America there is phony money, artificial rates, and a bloated central government. America may have reached its zenith decades ago, and the long, miserable decline lies ahead… The 21st Century Is a Big, Fat Bust The century started with such hope. America was on top of the world. The Cold War was over. Business was booming. It seemed to be “the end of history.” But after nearly two decades, Bill looks around at all the breathtaking claptrap from the Fed… Wall Street… and the Swamp. Our editor wonders, maybe the future isn’t all it’s cracked up to be. How America Lost to a Nutjob Economy What promises have...

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Bill Bonner Proves It

The Bull Rally Is a Bear Market Bounce   Van Bryan Aug. 11, 2019   “Monster bloodbath.” That’s how the mainstream financial press described Monday’s fall in stocks. In a four-day span, $1.4 trillion had vanished. Investors are wringing their hands. “Is this the end of the bull market?” they wonder. This week, Bill had some bad news. It was never a real bull market anyway. The action in stocks for the past eight years has been nothing more than a bear market bounce. And this week, Bill proved it. The Doom Index Is Heating Up… To start the week, Bill checks in on his proprietary Doom Index. The system is designed to alert investors when the conditions for a crash are ripe. In 2019, the Doom Index feels the earth begin to rumble. Storms are on the horizon. China’s Role in the Worldwide Bamboozle The U.S. government labeled China as a “currency manipulator.” President Trump has gotten tough on America’s great economic adversary. But Bill is skeptical that POTUS will take things too far. China has a role to play in the great economic swindle of our time… Mr. Market Will Shut This Party Down With stocks rebounding on Wednesday, the bull market seems alive and well. Pour a drink. Turn up the tunes. The party goes on. But as the old-timers say, the mission of a bear market is to...

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