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Perspectives on the global economic changes

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UlanBatori
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Re: Perspectives on the global economic changes

Postby UlanBatori » 12 Feb 2017 07:52

Stockman was the moron who presided over the recession of 1980-82, hain? Once he left, the market recovered.

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Re: Perspectives on the global economic changes

Postby Austin » 12 Feb 2017 11:13

UlanBatori wrote:Stockman was the moron who presided over the recession of 1980-82, hain? Once he left, the market recovered.


Stockman was the budget director of Regan , He believed in Sound Money Pricipal and he resigned with difference with Regan when tax cuts were not offset with spending cuts and he was against increasing budget deficit over national debt.

When Regan took over Office the national debt was 30 % of GDP according to Stockman and today its 106 %

Stockman per say is not against any specific individual but against the way how economy was run and against Fed and its current Chairman Janet Yallen ......but he was more for Trump pre election then Hillary , his view is when the whole thing colapses which were happen more sooner under Trump then Hillary , Trump would be in a better position to deal with it and fix it than hillary ever would be

Surprisingly I see these days Trump getting interview by MSM like CNN when during Obama Era of 8 years CNN never interviewed him once since he opposed to what appeared Fed/Obama policy of QE and Stock Market Casino , Now MSM thinks he is against Trump and his policies and he gets air time which if MSM digs deeper is not True.

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Re: Perspectives on the global economic changes

Postby UlanBatori » 12 Feb 2017 17:27

I remember him as an object d'hate. He used to come across as the spokesh1t of Elephantine "Trickle-Down E-CON-comics" that Ray-Gun preached. And IIRC, he was the Caliph of the OMB, demanding cuts in social programs etc. Somehow came across as having a "Spit Here" target painted on his smug mug. The debt actually came down vastly under Slick Willie, then shot up again under Dubya. Under BO there was no choice IMO, because the 2008 jollies seemed headed for total collapse. How to deMO the 106% debt is an interesting question, so far they have tried to minimize the red ink by keeping interest rates at Shariah levels, whereas RayGun had it at a Mafia level. My Evil 6th coujin still has the Crown Money Market Account opened in 1983 when Net Worth first crossed the 5K level needed to get a Free VISA Card and Free Safe Deposit Box, in addition to the 13% Prime Money Market interest rate. The Free VISA ok, no big deal any more, but the Free Safe Deposit, incredibly, has survived 2 bank naam changes, and all these upheavals, so it makes up a little for the 0.0001% interest rate.

Now I see that Wi Dong & Ah So are dumping Treasury bonds, salivating at better ROI in stocks - doesn't that mean (to my ignorant mind) that the external debt is coming down? If Chinese own stock, they become slaves interested in keeping US companies profitable, compared to Chinese owning treasury bonds which just means they would like to own the buildings in DC and the brothels in LA, hain?

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 12 Feb 2017 22:28

If they hated him then he must have done something right :)

BO had a choice in 2008 , he simply took the path to least resistance , we discussed this last page viewtopic.php?f=2&t=6655&start=3640#p2111483

I really cant comprehend much what you are trying to say but low interest kills the savers , I think it forces savers to invest in Stocks where returns would be high because keeping money in bank wont give him any thing and worse they would loose capital if negitive interest rate take into effect. So they have little choice. I think that is what Modi too is trying to do , forcing people to invest in Market.
I have never seen so many advert in DD News on why common man should invest in stock market in Navratna and what not !

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 12 Feb 2017 22:29

MacroVoices Presents: Jim Rogers - Macro Outlook in the Trump Era


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Re: Perspectives on the global economic changes

Postby A_Gupta » 13 Feb 2017 00:36

The radical economic policies of Japan, China, India:
https://www.bloomberg.com/news/articles ... -economies

Radical. That’s probably the single adjective that best covers the disparate economic policies being pursued in Asia’s three largest economies. In Japan the government of Shinzo Abe is embarked on the 2.0 iteration of his program to break out of the country’s deflationary slump. In China, President Xi Jinping’s government is in the midst of a supertankerlike turn toward domestic consumption. In India, well … Modinomics. These three countries hardly make for isolated laboratories for such experiments. ­Together they’re home to 40 percent of the planet’s people and churn out 24 percent of the world’s gross domestic product. Here’s a roundup of how things are shaping up in these important economies.

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 13 Feb 2017 18:25

Steve Bannon Generation Zero


shyam
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Re: Perspectives on the global economic changes

Postby shyam » 20 Feb 2017 06:39


Austin
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Re: Perspectives on the global economic changes

Postby Austin » 20 Feb 2017 10:59

Jim Rickards: China Disaster to Trigger Gold Run

https://www.moneymetals.com/podcasts/20 ... run-001013

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Re: Perspectives on the global economic changes

Postby A_Gupta » 20 Feb 2017 18:04

https://www.bloomberg.com/view/articles ... -on-reform
Asia's Strongmen Aren't Strong Enough

(Asia's leaders are not strong enough to push through economic reforms needed to bolster growth.)

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 21 Feb 2017 10:30

Interview with Alan Greenspan Chairman of the Federal Reserve from 1987 to 2006

Gold: The ultimate insurance policy

http://www.gold.org/download/file/5497/ ... y_2017.pdf

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Re: Perspectives on the global economic changes

Postby A_Gupta » 22 Feb 2017 04:31

https://www.bloomberg.com/news/articles ... r-driveway
The country’s {USA's} auto debt hit a record in the fourth quarter of 2016, according to the Federal Reserve Bank of New York, when a rush of year-end car shopping pushed vehicle loans to a dubious peak of $1.16 trillion..
...
Car companies—and their captive finance units—make about half of all car loans these days, but they underwrite three-quarters of the ones going to subprime vehicle buyers. As delinquencies rise, these are the first companies that will feel them.
.

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Re: Perspectives on the global economic changes

Postby Neshant » 22 Feb 2017 06:17

Austin wrote:Interview with Alan Greenspan Chairman of the Federal Reserve from 1987 to 2006

Gold: The ultimate insurance policy

http://www.gold.org/download/file/5497/ ... y_2017.pdf



This dude has long since lost all credibility having slept his way into the 2008 bubble.

What's worse is he does not acknowledge the utter idiocy of some so called wise men cental bankers like himself sitting in an ivory tower fiddling with interest rates (aka price fixing) and money printing (aka counterfeiting) as being the cause of wealth destruction.

When you have an "industry" called banking which produces absolutely nothing that can be called value, its only means of existence becomes theft from the productive economy.

The destruction of capitalism where producers benefit from the fruits of their labor and the imposition of crony capitalism in its place that enables banksters to rip off those productive people is the disease which Greenspan is part of - which is why he cannot identify the problem.

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 22 Feb 2017 12:08

Neshant what do you think about this Jim Rickards Interview ?

James Rickards: China Disaster to Trigger Gold Run


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Re: Perspectives on the global economic changes

Postby Austin » 26 Feb 2017 23:57

David Stockman-Everything Will Grind to a Halt in 2017


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Re: Perspectives on the global economic changes

Postby Austin » 27 Feb 2017 10:19

For Suraj , Pandu who believe in Gundlach

Gundlach: Ignore Stocks, "There Is A Stealth Flight To Safety Going On"


http://www.zerohedge.com/news/2017-02-2 ... e-out-sync
Not only is the Trump rally over, but stocks are the last to get the memo. That's the current market summary according to DoubleLine's Jeff Gundlach who told Reuters that "there is a stealth flight to safety going on."

Among key indicators, Gundlach pointed to German Bunds and especially Schatz (2Yr), noting that "German bond yields are leading the way down," adding that "Gold is rising." He also warned that "speculators remain massively short bonds and the market is going to squeeze them out."

Gundlach, who oversees $101 billion, first introduced his view on the 10-year yield's bottom in January. He then said on an investor webcast: "I think the 10-year Treasury will go below 2.25 percent ... not below 2 percent" before edging up again. As of this moment, we are just 7 basis point away from Gundlach being proven correct again.

As a result of the latest inflation trade unwind, Gundlach said the U.S. Treasury should consider issuing ultra-long-term obligations. "I’d issue the longest maturity Treasuries that the market accepts," Gundlach said. "Start with 40-year, then keep extending if the market allows it. Do 100 if you can get there. The timing is good right now." Of course, the mere hint that the US would so dramatically change its issuance calendar would very likely result in another steep selloff on concerns about duration realignment, and the sudden "unpredictable" shift in the world's deepest and most liquid bond market.

Meanwhile, touching on stocks which soared in the last minute - literally - of trading to close at yet another all time high, Gundlach noted that "stocks are out of sync with the stealth flight to safety. Lots of hope built in."

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 27 Feb 2017 10:20

Even the US Government official from Trump Admin has mentioned of 100 years old bond ...Is this an indication to print more money by Fed as in more QE expected ?

Why not a 200 or 1000 year old bond ?

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Re: Perspectives on the global economic changes

Postby Gyan » 27 Feb 2017 12:52

I think that Developed Nations are ignoring the destruction of their Manufacturing Capabilities. There is practically no growth except Asset appreciation. China and Saudis are going to control and own the world. The world elite (including from USA) don't care about China emerging the pre-eminent power till their bread is buttered. The prime example is UK destroying the whole European Steel industry to help China. When Mistry tried to shut loss making UK Plants, he was removed. So India, UK are both in pocket of Chinese Govt controlled steel manufacturers (aside for minor rap on wrist type of anti dumping duties)

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Re: Perspectives on the global economic changes

Postby Neshant » 02 Mar 2017 10:44

More bullsh&t from the cheenis.


Austin
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Re: Perspectives on the global economic changes

Postby Austin » 02 Mar 2017 13:37

It is just pysops by the Chinese ...trying to work on Indian mind just worth >> /dev/null

But if you leave the pysops aside , Chinese Economy is now in different league and US and EU is bending their back to please china and Chini are in commanding position , A wall of fog is created to make it seems like US and China are against etc but if you carefully watch US MSM they dont criticise china at all and infact praise it and US CEO and their companies are minting money in China.

Even Donald Trump had to eat his own word when it comes to China.

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 02 Mar 2017 16:53

Donald J. Trump‏Verified account @realDonaldTrump 16m16 minutes ago

Since November 8th, Election Day, the Stock Market has posted $3.2 trillion in GAINS and consumer confidence is at a 15 year high. Jobs!
:P

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 04 Mar 2017 23:47

David Stockman‏ @DA_Stockman

Chart of the Day: Market More Overvalued Today Than in 1999

Image

https://twitter.com/DA_Stockman/status/ ... 5740208129

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 04 Mar 2017 23:47

David Stockman‏ @DA_Stockman

Space X Is Another Elon Musk con job. Fleeced taxpayers for $2.6B & grasping for more with moon scam. Disgusting!


https://twitter.com/DA_Stockman/status/ ... 8770084864

Suraj
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Re: Perspectives on the global economic changes

Postby Suraj » 05 Mar 2017 06:00

My problem with traditional metrics compared to stock market performance is that it doesn't account for capital flows between equity, debt and real estate. The bond market boom is done. We are on an interest rate up cycle, and therefore the stock market will keep getting that money, since the real estate market is also at a peak and being deflated by the interest rate upward movement. The president is an avowed anti regulatory type, which further ensures greater support for the stock market. How long will it keep going ? No idea, but it'll take some pretty bad earnings or some external stimuli to kill it.

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Re: Perspectives on the global economic changes

Postby chanakyaa » 05 Mar 2017 08:43

Trump may ignore WTO in major shift of U.S. trade policy
WASHINGTON - The Trump administration on Wednesday announced a sharp break from U.S. trade policy, vowing it may ignore certain rulings by the World Trade Organization if those decisions infringe on U.S. sovereignty. (Wait a sec, wasn't TPP a step already in that direction)

The new trade approach, which was sent to Congress on Wednesday, could affect businesses and consumers worldwide, with the White House suggesting the United States could unilaterally impose tariffs against countries it thinks have unfair trade practices - paving the way for a more adversarial relationship with China and other trading partners - and punish companies that relocate overseas and then attempt to sell products on the U.S. market. (Okay, why not bring back all the manufacturing jobs, instead of bullSh!tt!ng)

“It is time for a more aggressive approach. The Trump Administration will use all possible leverage to encourage other countries to give U.S. producers fair, reciprocal access to their markets,” the document said. (Okay, how about other countries pay for your product with their own currency)

The 336-page report included a section entitled “The President’s Trade Policy Agenda,” which outlined some of the possible breaks from the WTO.

The approach offers President Trump an opportunity to make good on his campaign promises of an “America first” economic nationalism, as he has said U.S. economic policy needs to create jobs for American workers and prevent companies from moving operations overseas.

To achieve this, Trump vowed during the campaign to either renegotiate or pull back from multinational trade agreements and seek bilateral trade deals, alleging other countries use tariffs and subsidies to disadvantage U.S. companies. He has threatened to withdraw from the North American Free Trade Agreement unless Mexico agrees to renegotiate the deal.

Trump’s threatened tariffs and other trade barriers could violate WTO rules and cause blowback from other countries in the trade organization. But the agenda signals that the Trump administration could simply ignore those complaints.

Several trade experts said Trump’s decision to work outside the WTO in some cases could create a chain reaction, with countries imposing sanctions and tariffs to help their own businesses and penalize U.S. manufacturers.

If the United States signals it will not comply with WTO decisions, and other countries impose penalties against U.S. imports, it could usher in an era of economic protectionism worldwide. Economists and industry groups fear that could trigger a global trade war that could disrupt international business and global growth.

Wendy Cutler, the former acting deputy for the U.S. trade representative, said the strategy is a substantial departure from past policy - especially with regard to resolving disputes at the WTO. “It seems to be suggesting, with respect to cases taken against the U.S., if we don’t like the result, we will go it alone and respond accordingly.”

The danger, she said, is that other countries might choose to follow the U.S. approach. “I’m not sure how we can expect other countries to live up to WTO findings if our policy is to just live up to findings that we find acceptable.”

The report repeats charges against China that Trump made frequently during his campaign, including accusations that the country manipulates its currency to gain a trade advantage over the United States.

Chinese officials have denied those accusations, and a spokesman for the Chinese Embassy in Washington did not respond to a request for comment on the White House report.

Among the administration’s key objectives, the document lists “resisting efforts by other countries - or Members of international bodies like the World Trade Organization - to advance interpretations that would weaken the right and benefits of, or increase the obligations under, the various trade agreements to which the United States is a party.”

Thea Lee, the deputy chief of staff at the AFL-CIO, said labor unions had a mixed view on the administration’s trade posture. “On the one hand, we would agree with certain parts, that our trade policy has not been aggressive or consistent enough in looking out for the interest of American workers,” she said. “We don’t necessarily agree that we need to go completely outside the international trade system.”

Dave Salmonsen, senior director for congressional relations at the American Farm Bureau Federation, said farmers in the United States have always been in favor of the WTO and supported a rules-based system. They understand that trade decisions go each way, “but the stability it brings, selling into a rules-based international system, is good for agricultural exports.”

The WTO provides a forum for countries to settle trade-related disputes, and the Trump administration has said the organization’s reach hamstrings the ability of the United States and others to respond to unfair trade practices. There are more than 150 countries in the WTO, and they often accuse one another of violating trade agreements. The United States has brought more than 100 complaints through the WTO process since 1995, and other countries have filed 129 cases against the United States.

For example, the WTO sided with the United States in 2014 about duties China had imposed against U.S. automobiles imported into China. China had accused the United States of “dumping” automobiles at unfairly low prices in China, but the WTO panel found that China’s dumping accusations were calculated improperly. Separately, India filed a case against the United States over renewable energy subsidies established by a number of U.S. states, including California, Montana and Washington. That dispute is pending.

The trade agenda document argues that not enough has been done to defend against unfair trade practices, such as dumping, a practice in which companies sell goods abroad at a lower price than their fair value in order to drive out competitors in a foreign market. The document said that WTO laws are based on the presupposition that countries are free-market economies but that many countries around the world unfairly subsidize their products, steal intellectual property, manipulate their currency and carry out other unfair practices.

The United States has been a member of the WTO since 1995, although presidents from both parties have objected to certain WTO rulings regarding U.S. trade practices. But none has gone as far as the Trump administration threatened to.

Chad Bown, a senior fellow at the Peterson Institute for International Economics, said he fears that the administration’s criticism of WTO rules could end up creating a more lawless global system. “The difficulty is, once we step away from that and say the WTO rules imply a lot more flexibility in what we’re allowed to do, we can be 100 percent certain other countries will start to do the same. That’s what will ultimately undermine the U.S. system, and there will be big repercussions for U.S. exporters.”

The Trump administration has nominated Robert E. Lighthizer to serve as its U.S. trade representative, but he must first be confirmed by the Senate. Trump has tasked Commerce Secretary Wilbur Ross with playing a lead role in negotiating trade deals, but Lighthizer also is expected to take part, and he has been a longtime critic of China’s trade practices.

The White House is required to send an annual trade agenda report to Congress on March 1. The report stipulated that a more comprehensive agenda will be sent to Congress after Lighthizer’s Senate confirmation.

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 05 Mar 2017 12:54

Suraj wrote:My problem with traditional metrics compared to stock market performance is that it doesn't account for capital flows between equity, debt and real estate. The bond market boom is done. We are on an interest rate up cycle, and therefore the stock market will keep getting that money, since the real estate market is also at a peak and being deflated by the interest rate upward movement. The president is an avowed anti regulatory type, which further ensures greater support for the stock market. How long will it keep going ? No idea, but it'll take some pretty bad earnings or some external stimuli to kill it.


IF the money flows from Bond Market to Stock Market then it will inflate more the already inflated bubbles in Stocks .....I dont know how Trump will support the stock market than what Obama has been doing since past 8 years via Fed QE/ZIRP program .Trump is asking for 1 Trillion more for Infra and May be Fed will end up printing those soon.

Austin
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Re: Perspectives on the global economic changes

Postby Austin » 05 Mar 2017 12:56

chanakyaa wrote:Trump may ignore WTO in major shift of U.S. trade policy
WASHINGTON - The Trump administration on Wednesday announced a sharp break from U.S. trade policy, vowing it may ignore certain rulings by the World Trade Organization if those decisions infringe on U.S. sovereignty. (Wait a sec, wasn't TPP a step already in that direction)

The new trade approach, which was sent to Congress on Wednesday, could affect businesses and consumers worldwide, with the White House suggesting the United States could unilaterally impose tariffs against countries it thinks have unfair trade practices - paving the way for a more adversarial relationship with China and other trading partners - and punish companies that relocate overseas and then attempt to sell products on the U.S. market. (Okay, why not bring back all the manufacturing jobs, instead of bullSh!tt!ng)

“It is time for a more aggressive approach. The Trump Administration will use all possible leverage to encourage other countries to give U.S. producers fair, reciprocal access to their markets,” the document said. (Okay, how about other countries pay for your product with their own currency)

The 336-page report included a section entitled “The President’s Trade Policy Agenda,” which outlined some of the possible breaks from the WTO.

The approach offers President Trump an opportunity to make good on his campaign promises of an “America first” economic nationalism, as he has said U.S. economic policy needs to create jobs for American workers and prevent companies from moving operations overseas.

To achieve this, Trump vowed during the campaign to either renegotiate or pull back from multinational trade agreements and seek bilateral trade deals, alleging other countries use tariffs and subsidies to disadvantage U.S. companies. He has threatened to withdraw from the North American Free Trade Agreement unless Mexico agrees to renegotiate the deal.

Trump’s threatened tariffs and other trade barriers could violate WTO rules and cause blowback from other countries in the trade organization. But the agenda signals that the Trump administration could simply ignore those complaints.

Several trade experts said Trump’s decision to work outside the WTO in some cases could create a chain reaction, with countries imposing sanctions and tariffs to help their own businesses and penalize U.S. manufacturers.

If the United States signals it will not comply with WTO decisions, and other countries impose penalties against U.S. imports, it could usher in an era of economic protectionism worldwide. Economists and industry groups fear that could trigger a global trade war that could disrupt international business and global growth.

Wendy Cutler, the former acting deputy for the U.S. trade representative, said the strategy is a substantial departure from past policy - especially with regard to resolving disputes at the WTO. “It seems to be suggesting, with respect to cases taken against the U.S., if we don’t like the result, we will go it alone and respond accordingly.”

The danger, she said, is that other countries might choose to follow the U.S. approach. “I’m not sure how we can expect other countries to live up to WTO findings if our policy is to just live up to findings that we find acceptable.”

The report repeats charges against China that Trump made frequently during his campaign, including accusations that the country manipulates its currency to gain a trade advantage over the United States.

Chinese officials have denied those accusations, and a spokesman for the Chinese Embassy in Washington did not respond to a request for comment on the White House report.

Among the administration’s key objectives, the document lists “resisting efforts by other countries - or Members of international bodies like the World Trade Organization - to advance interpretations that would weaken the right and benefits of, or increase the obligations under, the various trade agreements to which the United States is a party.”

Thea Lee, the deputy chief of staff at the AFL-CIO, said labor unions had a mixed view on the administration’s trade posture. “On the one hand, we would agree with certain parts, that our trade policy has not been aggressive or consistent enough in looking out for the interest of American workers,” she said. “We don’t necessarily agree that we need to go completely outside the international trade system.”

Dave Salmonsen, senior director for congressional relations at the American Farm Bureau Federation, said farmers in the United States have always been in favor of the WTO and supported a rules-based system. They understand that trade decisions go each way, “but the stability it brings, selling into a rules-based international system, is good for agricultural exports.”

The WTO provides a forum for countries to settle trade-related disputes, and the Trump administration has said the organization’s reach hamstrings the ability of the United States and others to respond to unfair trade practices. There are more than 150 countries in the WTO, and they often accuse one another of violating trade agreements. The United States has brought more than 100 complaints through the WTO process since 1995, and other countries have filed 129 cases against the United States.

For example, the WTO sided with the United States in 2014 about duties China had imposed against U.S. automobiles imported into China. China had accused the United States of “dumping” automobiles at unfairly low prices in China, but the WTO panel found that China’s dumping accusations were calculated improperly. Separately, India filed a case against the United States over renewable energy subsidies established by a number of U.S. states, including California, Montana and Washington. That dispute is pending.

The trade agenda document argues that not enough has been done to defend against unfair trade practices, such as dumping, a practice in which companies sell goods abroad at a lower price than their fair value in order to drive out competitors in a foreign market. The document said that WTO laws are based on the presupposition that countries are free-market economies but that many countries around the world unfairly subsidize their products, steal intellectual property, manipulate their currency and carry out other unfair practices.

The United States has been a member of the WTO since 1995, although presidents from both parties have objected to certain WTO rulings regarding U.S. trade practices. But none has gone as far as the Trump administration threatened to.

Chad Bown, a senior fellow at the Peterson Institute for International Economics, said he fears that the administration’s criticism of WTO rules could end up creating a more lawless global system. “The difficulty is, once we step away from that and say the WTO rules imply a lot more flexibility in what we’re allowed to do, we can be 100 percent certain other countries will start to do the same. That’s what will ultimately undermine the U.S. system, and there will be big repercussions for U.S. exporters.”

The Trump administration has nominated Robert E. Lighthizer to serve as its U.S. trade representative, but he must first be confirmed by the Senate. Trump has tasked Commerce Secretary Wilbur Ross with playing a lead role in negotiating trade deals, but Lighthizer also is expected to take part, and he has been a longtime critic of China’s trade practices.

The White House is required to send an annual trade agenda report to Congress on March 1. The report stipulated that a more comprehensive agenda will be sent to Congress after Lighthizer’s Senate confirmation.

WTO was tailor made made for these Advanced Countries and so was TPP , if these multilateral bodies dont work as expected then it is natural that countries like US would opt out for it and opt for more bilateral agreement that favours US Industry and consumers

Suraj
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Re: Perspectives on the global economic changes

Postby Suraj » 06 Mar 2017 07:51

Austin wrote:
Suraj wrote:My problem with traditional metrics compared to stock market performance is that it doesn't account for capital flows between equity, debt and real estate. The bond market boom is done. We are on an interest rate up cycle, and therefore the stock market will keep getting that money, since the real estate market is also at a peak and being deflated by the interest rate upward movement. The president is an avowed anti regulatory type, which further ensures greater support for the stock market. How long will it keep going ? No idea, but it'll take some pretty bad earnings or some external stimuli to kill it.


IF the money flows from Bond Market to Stock Market then it will inflate more the already inflated bubbles in Stocks .....I dont know how Trump will support the stock market than what Obama has been doing since past 8 years via Fed QE/ZIRP program .Trump is asking for 1 Trillion more for Infra and May be Fed will end up printing those soon.

That has been true for the last 15+ years. There's so much spare capital chasing returns that it's really a question of where the money is moving in and out of, as opposed to merely the intrinsic worth of the economic activity that the gains 'should' reflect.

A_Gupta
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Re: Perspectives on the global economic changes

Postby A_Gupta » 06 Mar 2017 17:21

PDF file: destination-based cash flow tax:
https://www.taxpolicycenter.org/sites/d ... ment_0.pdf

Pa very interesting proposal.

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Re: Perspectives on the global economic changes

Postby TSJones » 07 Mar 2017 06:00

Austin, previously you have stated that shale oil is unprofitable......

http://fuelfix.com/blog/2017/03/06/exxo ... ulf-coast/

somebody should tell exxon........

The shale revolution and its newfound volumes of oil and gas are pushing the company to expand or build chemical, refining, lubricant and liquefied natural gas projects, Woods said. Most of the new capacity is targeted at export markets, especially those in Asia.


west texas intermediate crude oil is selling for $53.16 bbl.

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Re: Perspectives on the global economic changes

Postby Austin » 08 Mar 2017 00:29

Let's see some figures and how much they export to Asia for few year then we can argue about how successful shale oil is , I would be happy to be corrected if that happens.

Between Saudi and Russia and most opec in between the extraction cost of oil varies from 3 to 15 USD .

http://tass.com/economy/934288

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Re: Perspectives on the global economic changes

Postby TSJones » 08 Mar 2017 04:35

Austin wrote:Let's see some figures and how much they export to Asia for few year then we can argue about how successful shale oil is , I would be happy to be corrected if that happens.

Between Saudi and Russia and most opec in between the extraction cost of oil varies from 3 to 15 USD .

http://tass.com/economy/934288


http://www.cnbc.com/2017/02/15/us-shale ... -back.html

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Re: Perspectives on the global economic changes

Postby Neshant » 08 Mar 2017 08:53

Hyperinflation of the Mack dollar..

I wonder if the term "Mack daddy" comes from the Mack currency or if its just a co-incidence.

-----------
Prisoners Explain Why A Pack Of Mackerel Is The Gold Standard Of Currencies In America's Prisons

Image

In 2004, the U.S. banned cigarettes in all federal prisons and it was pretty much the best thing that could have happened to the packaged mackerel industry (yes, you read that correctly...the packaged fish).

So how did a smelly package of fish become the gold standard of America's federal prisons? Well, for a variety of reasons (we'll let your imagination run wild) prisoners are not allowed to possess actual currency. Up until 2004, they used cigarettes as their currency of choice to purchase anything from illicit goods such as stolen food and home-brewed "prison hooch," as well as services, such as shoeshines and cell cleanings. But once cigarettes were banned, prisoners needed a replacement currency and the 'mack' was deemed to be the best choice because it was worth roughly $1 at the commissary and pretty much no one wanted to eat it.

As one prisoner notes in the Wall & Broadcast video below, the 'mack' was also "inherently inflationary" because its supply was limited to 14 macks per week per inmate....

"Mackerel had utility because it was inherently inflationary. A certain amount of macks came into circulation every day. Every inmate can only buy 14 mackerels per week. 14 times 500 inmates time 52 weeks is the amount of mackerels that are coming into circulation every year and that's why it was a pretty good stable value of currency."

"The reasons mackerel had value is because inmates believed it had value. Perfect example of that was mackerels expire after three years. But, people didn't jut throw them away, these became known as "money macks" and retained 75% of the value of "eating macks" because people believed that they still had value and they were still being used in transactions."


...that is at least until prison guards confiscated a massive supply of macks from one prisoner and essentially flooded the market creating a hyper-inflationary environment.

"I'll never forget the day where the macks lost all their value almost overnight. Someone had a huge amount of money macks and they got confiscated and the administration left them sitting in a bucket. They essentially introduced hyperinflation. They flooded the market with money macks."


Perhaps Yellen & Co. could learn a thing or two from this lesson in prison economics.

http://www.zerohedge.com/news/2017-03-0 ... as-prisons

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Re: Perspectives on the global economic changes

Postby Austin » 08 Mar 2017 09:56

TSJones wrote:
Austin wrote:Let's see some figures and how much they export to Asia for few year then we can argue about how successful shale oil is , I would be happy to be corrected if that happens.

Between Saudi and Russia and most opec in between the extraction cost of oil varies from 3 to 15 USD .

http://tass.com/economy/934288


http://www.cnbc.com/2017/02/15/us-shale ... -back.html


That doesnt tell much , We have to see how much they manage to export say in 3-4 years and what is ROI during this period , Are they profitable now or will they be 4 years down the line when interest rates goes up.

Meanwhile Saudi Arabia wants oil prices at $60 to discourage shale production – sources

https://www.rt.com/business/378861-saud ... rice-high/

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Re: Perspectives on the global economic changes

Postby TSJones » 10 Mar 2017 01:40

A father of fracking seeks to emulate shale boom in Alaska

https://www.bloomberg.com/news/articles ... -in-alaska

Neshant
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Re: Perspectives on the global economic changes

Postby Neshant » 15 Mar 2017 04:34

Austin wrote:David Stockman-Everything Will Grind to a Halt in 2017



March 15 is almost upon us.

Lezzie what happens.

ramana
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Re: Perspectives on the global economic changes

Postby ramana » 16 Mar 2017 02:07

Feds raise interest rates.
What does this do to $, DOW, Emerging Markets? LIBOR?

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Re: Perspectives on the global economic changes

Postby TSJones » 16 Mar 2017 02:39

the stock market will be OK with this as the dollar strengthens.

remember, a rise in interest rates destroys money.

so the market will wait to see who get hurts on profitability later thus year as quarterly financial reports come out.

I predict......there will be winners and losers..... :D

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Re: Perspectives on the global economic changes

Postby OmkarC » 16 Mar 2017 04:52

^^ TSJ: What's your view on rising interest rates on real estate ?

TSJones
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Re: Perspectives on the global economic changes

Postby TSJones » 16 Mar 2017 05:50

OmkarC wrote:^^ TSJ: What's your view on rising interest rates on real estate ?


it's going to be more expensive to get a loan for a mortgage.

or a credit card.


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