Are we in for another nuclear standoff with the Kremlin?
"...middle-aged whites have lost the narrative of their lives. ... while universal health care, higher minimum wages, aid to education, and so on would do a lot to help Americans in trouble, I’m not sure whether they’re enough to cure existential despair."
The world is bankrupt after thirty years of borrowing from the future to throw a party in the present, and the authorities can’t acknowledge that. But they can provide the conditions for disguising it, especially in the statistical hall of mirrors that once-upon-a-time produced meaningful signals for the movement of capital. The Dow, the S&P, and the NASDAQ are the only signaling mechanisms that the legacy media pays attention to, and the politicos take their cues from them, in a feedback loop of false information that begets more delusional positive psychology in those same markets.
Keynesian-Constructed 'Markets' Will "Drift Ever Further From Reality... Impoverishing All Layers Of Society"Submitted by Tyler Durden on 11/09/2015 15:20 -0500
Today’s system is essentially a system that can drift ever further away from reality through temporal discoordination, resource misallocation and eventually capital consumption. The final coordinating mechanism is nothing less than economic recession. Without them society would regress, impoverishing first the poor, then the middle class and in the end all socioeconomic layers of society.
It appears that hawkishness and rate-hikes are once again not-so-bullish for stocks... either that or the algos read the details of the jobs report and realized just how ugly it all is under the surface...
Automation is upending the global order by eliminating human labor on an unprecedented scale - and the status quo has no reality-based solution to this wholesale loss of jobs. The idea that taxing the owners of robots and software will fund guaranteed incomes for all is not anchored in reality.
Rajoy's warning: “Catalonia isn’t separating from anywhere."
In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored. As The Hill reports, unless economic growth accelerates, he warns, "you’re not going to be able to provide the kind of social safety net that we need in this country," adding unequivocially that Americans have "lost touch with reality" when it comes to spending.
In the aftermath of the Volkswagen emissions manipulation scandal, things for the giant German car maker appear to be going from bad to worse with every passing week.
"A Thin-Skinned Minority Is Ruining This Nation": Professor Crushes "Political Correctness" Wave Sweeping AmericaSubmitted by Tyler Durden on 11/08/2015 12:40 -0500
"I am talking about the growing minority of students who believe they have a right to be free from being offended.. if this doesn't work for you, I would simply ask you to get the hell out of the country. The ever-growing thinned-skinned minority you have joined is simply ruining life in this once-great nation. Please move to some place like Cuba where you can enjoy the company of communists and get excellent health care. Just hop on a leaky boat and start paddling your way towards utopia. You will not be missed."
China's exports fell for the fourth consecutive month in October as evidence of collapsing global demand and trade continues to pile up. “A lot of Westerners think this helped us out a lot. But the 2% depreciation actually hurt us. It was in every newspaper and customers called us within hours pushing for 6% discount, so we had to give them 4%."
Taking the Chinese GDP statistics at face value (an increasingly big assumption these days) we point out a rather ominous scenario which seems to be developing in the productivity dynamics of Chinese debt-financed growth.
The US military-intelligence complex is engaged in systematic preparations for World War III. As far as the Pentagon is concerned, a military conflict with China and/or Russia is inevitable, and this prospect has become the driving force of its tactical and strategic planning. Three congressional hearings Tuesday demonstrated this reality. Contrary to the media portrayal of Washington as deeply divided between parties with intransigently opposed political outlooks, there was bipartisan agreement on this most fundamental of issues, the preparation of a new imperialist world war.