06/04/18

Why Systems Fail



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Why Systems Fail
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Authored by Charles Hugh Smith via OfTwoMinds blog,

Since failing systems are incapable of structural reform, collapse is the only way forward.

Systems fail for a wide range of reasons, but I'd like to focus on two that are easy to understand but hard to ....

Q4 2008 Vs Q1 2018... Apocalypse Then Versus Euphoria Now?!?



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Q4 2008 Vs Q1 2018... Apocalypse Then Versus Euphoria Now?!?
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Authored by Chris Hamilton via Econimica blog,

I'd like to discuss the fourth quarter of 2008 vs. the first quarter of 2018.  The two quarters in which the US undertook the greatest increases in federal debt but supposedly represent entirely different outcomes (I'm excluding and smoothing out the Q3 2015 debt deluge after the Q1-Q2 debt ceiling debate).

The chart below shows total federal debt (red line) in perspective against real inflation adjusted GDP (blue line), the federal funds rate (shaded brown), and the ....

"We May Take A Hit": Trump Warns Investors To Prepare For "Pain" In The Market



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"We May Take A Hit": Trump Warns Investors To Prepare For "Pain" In The Market
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Two days ago, when we commented on the early morning plunge in stocks (which was subsequently fully reversed by the close in a historic 800 point Dow reversal), we said that a long-standing question - will Trump pick plunging stocks or trade war - had finally gotten its answer when CNBC's Eamon Javers said that a "White House official said the the WH recognizes that Trump's actions are hitting the stock market, but this is "a longer term thing," and the president has to follow through on a key campaign promise."

Moments ago, Trump himself confirmed that when in a radio interview on Friday morning, the president said that U.S. markets could face some "pain'' from the trade standoff with China and other countries, but - like on Wednesday - asserted that in the long-run, Americans would be better off due to his protectionist actions.

Speaking on WABC Radio's "Bernie & Sid in the Morning'' program, Trump said "I'm not saying there won't be a little pain so we might lose a little of it but we're going to have a much stronger country when we're finished, and that's what I'm all about.'

"We have to do things that other people wouldn't do. So we may take a hit, but you know what, ultimately we're going to be much stronger for it,'' Trump said during the radio interview on Friday. "It's something we had to do, and ultimately if you take a look it's not only trade with China - it's everybody."

To be sure, stocks have fluctuated dramatically in the past few weeks when Trump drastically intensified trade actions and jawboning against several countries, mostly China. Indicating that he is willing to accept some notable losses in the S&P, Trump said in the interview Friday that "the market's gone up 40% or 42%." Which suggests that the president would be ok with a drop of 20% or so if it means winning trade war against China.

Meanwhile, as reported earlier, in ....

La volatilità del mercato oggi “ricorda il crollo del 1987”



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La volatilità del mercato oggi "ricorda il crollo del 1987"
// Money.it

Il direttore dei servizi finanziari della società svizzera UBS, Art Cashin, sostiene che la volatilità del mercato di quest'anno ricorda il crollo del mercato azionario del 1987.

Cashin, ora uno dei sei floor governor esecutivi del New York Stock Exchange (NYSE), ritiene che l'attuale volatilità "ricorda sfortunatamente parte della volatilità che abbiamo potuto vedere nell'87", ha spiegato in ....

Part-Time Jobs Added: 310K; Full-Time Jobs Lost: -311K



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Part-Time Jobs Added: 310K; Full-Time Jobs Lost: -311K
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One look at recent trends in the payrolls data, especially the numbers between the lines, and one will be left with the impression that there is more gross data goalseeking, if not outright manipulation, taking place.

Case in point, last month we reported that in addition to the strong Establishment Survey payrolls number, which was revised evern higher to 326K this month, there was an even more impressive number: a record 1 million full and part-time jobs were added according to the Household Survey.

One month later you can scratch all of that, because according to the latest data, the 729K full-time jobs added in February was a fluke, and in March, the ...

Stealth Retaliation? Yuan Weakens 300 Pips Since Trump Doubled-Down On China Tariffs



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Stealth Retaliation? Yuan Weakens 300 Pips Since Trump Doubled-Down On China Tariffs
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The last time offshore yuan was this strong relative to the US Dollar, China devalued its currency, sending a ripple of broken carry-trades through the financial markets and raising volatility everywhere.

In the 12 hours or so since President Trump announced plans for $100 billion in additional tariffs on China, offshore yuan ....

Why A Dollar Collapse Is Inevitable



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JP Morgan: in arrivo la peggior minaccia per l'economia mondiale



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JP Morgan: in arrivo la peggior minaccia per l'economia mondiale
// Trend Online

Venti di guerra tra Usa e Cina, guerra che si sta svolgendo sui mercati.

Venti di guerra tra Usa e Cina, guerra che si sta svolgendo sui mercati. Per JP Morgan Chase International l'intensificarsi delle tensioni e la crescente serie di provvedimenti tariffari tra le due maggiori economie del mondo rischia di tradursi in aumenti sulle tariffe commerciali per centinaia di miliardi di dollari. Il tutto senza contare le conseguenze anche dirette sulle rispettive economie.

La view di JPMorgan 

Jacob Frenkel, presidente di JPMorgan Chase International non ha dubbi e dichiara

"Penso che oggi l'aumento delle tariffe commerciali fra Usa e Cina sia il più grande pericolo per l'economia mondiale".

Immediatamente dopo è arrivata la rassicurazione: non è ancora una vera propria guerra dal ....

Yet Another Sign The Economic Collapse Is Near: Delinquency Rates On Mobile Homes Are Spiking



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Yet Another Sign The Economic Collapse Is Near: Delinquency Rates On Mobile Homes Are Spiking
// Silver Doctors

"the slightest increase in interest rates could force them to decide whether to eat or pay their loan on their mobile home." Here's why it matters… by Mac Slavo of SHTFplan �…�

The post Yet Another Sign The Economic Collapse Is Near: Delinquency Rates On Mobile Homes Are Spiking appeared first on Silver Doctors.


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The Next Crisis Will Be The Last



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The Next Crisis Will Be The Last
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Authored by Lance Roberts via RealInvestmentAdvice.com,

It is an interesting thing.

Throughout the last four decades there is a direct link between the actions of the Federal Reserve and the eventual economic and market outcomes due to changes in monetary policy. In every case, that outcome has been negative.

The general consensus continues to be the markets have entered into a "permanently high plateau," or an era in which asset price corrections have been effectively eliminated through fiscal and monetary policy. The lack of ....

Nino Galloni : Moneta Sovrana Non A Debito



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Nino Galloni : Moneta Sovrana Non A Debito
// Blondet & Friends

L'articolo NINO GALLONI : MONETA SOVRANA NON A DEBITO è tratto da Blondet & Friends, che mette a disposizione gratuitamente gli articoli di Maurizio Blondet assieme ai suoi consigli di lettura.


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Perché lo tsunami di denaro fiat non ha fatto salire i prezzi dell'oro... finora



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Perché lo tsunami di denaro fiat non ha fatto salire i prezzi dell'oro... finora
// Francesco Simoncelli's Freedonia





di Francesco Simoncelli


C'è una domanda che dal 2008 ha attanagliato la maggior parte dei gold bug e dei sostenitori di una moneta sonante: come mai i prezzi dell'oro non hanno continuato a salire dopo che le principali banche centrali del mondo hanno creato quantità senza precedenti di denaro fiat? Ma andiamo con ordine, perché non tutti sanno perché è importante questo confronto. Considerano semplicemente l'oro un "pezzo" di antiquariato, buono fondamentalmente come componente centrale in monili da decorazione. Ma gioielli e ...

Trade Is A Matter Of Survival For China



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Trade Is A Matter Of Survival For China
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Authored by James Rickards via The Daily Reckoning,

Many investors are familiar with the fact that President Franklin Roosevelt closed all of the banks in America and confiscated all of the privately-owned gold by executive order in the early days of his administration, which began in 1933.

Presidents since then have seized assets from countries such as Iran, Syria, North Korea and Cuba and imposed sanctions on Russia and many other countries by executive order.

Yet, relatively few are familiar with the statutory authority for these orders.

The president does not need an act of Congress to support such extreme actions. The laws have already been passed and the president has standing authority to act like a dictator with regard to financial assets.

The first such statue was the Trading With the Enemy Act of 1917, TWE. This was used to seize German assets in the U.S. during the First World War. It's how the U.S. took control of Bayer Aspirin from the German firm Bayer AG.

TWE was the authority FDR used to close the banks and seize the gold. It's not clear whom FDR considered the "enemy" when he used TWE; probably private gold hoarders. But, in 1977, the Congress enacted an even more extreme version of TWE called the International Emergency Economic Powers Act of 1977, or IEEPA.

This is the equivalent of a nuclear weapon when it comes to financial warfare.

IEEPA allows the president to seize or freeze any asset or block any transaction if the president deems it to ....

La Cina agli Usa: 'Sui dazi lotta a ogni costo se ci sarà guerra'



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La Cina agli Usa: 'Sui dazi lotta a ogni costo se ci sarà guerra'
// RSS di Economia - ANSA.it

Lo afferma un portavoce del ministero del Commercio
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Trump raddoppia: 100 mld di dazi. Cina furente, futures in caduta



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Trump raddoppia: 100 mld di dazi. Cina furente, futures in caduta
// Milano Finanza

Ieri sera il presidente americano ha deciso di aggiungere altri 50 miliardi di dazi ai 50 precedenti rivolti alle merci cinesi. Pechino su tutte le [...]
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Le Vittime Dell’Inflazioni Non Sanno Identificare Le Cause Dei Loro Mali



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Le Vittime Dell'Inflazioni Non Sanno Identificare Le Cause Dei Loro Mali
// MiglioVerde

di GARY NORTH L'uomo della strada non conosce altra teoria sul denaro che la seguente: ne vuole di più, vuole più soldi. È facile pertanto che cada nello stesso errore concettuale in cui cadono tutti gli economisti ad eccezione di quelli di Scuola Austriaca: un po' più di denaro nel sistema economico nazionale non può che far bene all'economia del paese. In realtà ciò di cui l'uomo comune ha bisogno, ciò che cerca veramente, non sono i soldi. Lui vuole ciò che il denaro gli ....

La guerra commerciale si riaccende: dazi schizzano da $50 a $100 miliardi



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La guerra commerciale si riaccende: dazi schizzano da $50 a $100 miliardi
// Money.it

I venti di guerra commerciale sono tornati a soffiare più forti di prima e hanno nuovamente messo in discussione il buon andamento del mercato azionario globale.

Nella giornata di ieri l'ottimismo ha avuto la meglio e gli investitori sono tornati a fidarsi dell'equity, con tutte le principali piazze mondiali a rimbalzare verso i massimi - si pensi soltanto alla chiusura della Borsa Italiana, che ha archiviato gli scambi in rialzo del 2,35%.

Chi aveva sperato in un ...

SPY FINANZA/ Gli indizi di un futuro "lacrime e sangue" per l'Italia



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SPY FINANZA/ Gli indizi di un futuro "lacrime e sangue" per l'Italia
// Il Sussidiario.net :: Economia e Finanza

L'Italia continua a seguire le consultazioni al Quirinale. Nel frattempo sui mercati e altrove ci si prepara a tempi bui. E noi rischiamo il peggio. MAURO BOTTARELLI

(Pubblicato il Fri, 06 Apr 2018 06:03:00 GMT)

SPY FINANZA/ La guerra Usa-Russia pronta a far nuove vittime, di M. Bottarelli
ITALIA & DEBITO/ Il Pd scappa ma tocca anche a lui evitare il commissariamento, int. a F. Forte
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Trump Trade War: Nella Notte Missili Intercontinentali Sulla Cina.



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Trump Trade War: Nella Notte Missili Intercontinentali Sulla Cina.
// icebergfinanza

Risultati immagini per trade war china trump cartoonsMa davvero c'era qualche ingenuo che credeva che le trattative tra gli Stati Uniti e la Cina per evitare una vera e propria guerra commerciale erano dietro l'angolo? La risposta non è tardata ad arrivare, nella notte l'amministrazione Trump ha … Continua a leggere
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L’Italia è diventata un ospizio - Francesco Cancellato

L’Italia è diventata un ospizio - Francesco Cancellato Negli ultimi dieci anni i redditi da pensione sono cresciuti quattro volte tanto quellihttps://www.finanzaelambrusco.it/articoli/articoli/politica/litalia-e-diventata-un-ospizio-francesco-cancellato/

The World’s Most Powerful Banker Sees Chance Of "Market Panic"



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The World's Most Powerful Banker Sees Chance Of "Market Panic"
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Submitted by Simon Black of Sovereign Man

The most powerful banker in the world, JPMorgan Chase CEO Jamie Dimon, just released his annual letter to shareholders. Behind Warren Buffett's annual missive, Dimon's letter is probably the most read and deliberated executive report out there.

For one, Dimon is one of the most connected (and, to some, respected) men in finance. And given his bank's massive size (it earned $24.4 billion on $103.6 billion in revenue last year) and reach (it's a giant in consumer/commercial banking, investment banking and wealth management), Dimon has incredible visibility and intel on what's going on around the world.

This year Dimon used a large chunk of his 46-page letter to share his thoughts on government and public policy, saying it's hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."

And if you'd like to .....

China Escalates Trade War With Tariffs On American Planes And Cars



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China Escalates Trade War With Tariffs On American Planes And Cars
// Silver Doctors

"The real loser in any trade war is the American consumer as the cost of goods soars affecting those already on a bowstring tight budget…" by Mac Slavo of SHTFplan China �…�

The post China Escalates Trade War With Tariffs On American Planes And Cars appeared first on Silver Doctors.


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