NewsWare's Trade Talk: Friday, October 11 | NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Friday, October 11 | NewsWare‘s Trade Talk

S&P Futures are flat to lower ahead of this morning’s PPI print. Markets are also waiting on an announcement out of China that is expected to focus on stimulating domestic consumption. BK, BLK FAST, JPM & WFC all reported earnings beats this morning. Shares of TSLA are down more than 5% after last night’s robo taxi event. In Europe, markets are mixed to higher with Middle East tensions, next week’s ECB announcement and tomorrow China announcement in focus. Oil prices are weakening this morning of more than -0.50% in the pre-market.

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White House's John Kirby Trashes Veterans on 9/11 in Email Accidentally Sent to Fox News

White House’s John Kirby Trashes Veterans on 9/11 in Email Accidentally Sent to Fox News

White House national security spokesman John Kirby trashed a group of veterans in an email sent in error to Fox News on the anniversary of the September 11, 2001 terror attacks.

The post White House’s John Kirby Trashes Veterans on 9/11 in Email Accidentally Sent to Fox News appeared first on Breitbart.

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As Unrest In Communist China Grows, So Does Its Aggression On The World Stage

As Unrest In Communist China Grows, So Does Its Aggression On The World Stage

As Unrest In Communist China Grows, So Does Its Aggression On The World Stage

Authored by James Gorrie via The Epoch Times,

At this point, China’s declining economic situation is well documented. The damage is too large to cover up with propaganda, and the Chinese people know it. Even the Chinese Communist Party’s (CCP’s) 75th anniversary was austere. Negative economic factors have been building for years.

China was already having problems in 2018 and 2019 with the Trump administration’s imposition of steep tariffs on Chinese goods. But the COVID-19 pandemic and the CCP’s extreme “zero-COVID” three-year lockdown period made China’s economic downturn much worse.

China Is Being Tested

As we approach the last quarter of 2024, the CCP is being tested by unprecedented domestic economic conditions. As a result, civil unrest is 18 percent higher than last year. The slowdown has many facets, of course. We’ll name just a few in this space.

One big factor is the real estate sector, which is about 30 percent of GDP. It continues to crater, and at the time of this writing, there is no recovery in sight. Home prices and sales continue to decline. What’s more, Chinese consumers are buying less, with consumer spending making up just 38 percent of GDP. By contrast, that figure is 60–70 percent in developed countries.

Sloth and Disillusion

Not unexpectedly, unemployment among China’s youth (ages 16–24) had been at least 21 percent and likely higher when the CCP stopped publishing unemployment figures in June 2023. Then, in December of that year, the CCP released new statistics from a new method of measuring youth unemployment, which did not include students. That new approach dropped that figure down to 14.9 percent, but that’s still almost three times higher than China’s national rate of 5.1 percent.

High jobless rates for young people hinder future growth potential and have added to the “lie flat” trend amongst many in China’s new generation, who have little hope of or ambition to obtain the lifestyle that their parents enjoyed.

Sloth and disillusion are hardly the stuff that strong economies are made of. The risks and dangers of disaffected youth movements are not unknown in China. The ghost of Tianuare still haunts Chinese authorities, even though the surveillance and control that the CCP has over its people is light ahead of the Tiananmen Square era of 1989.

Embedded Political and Industrial Policies

Still, there are embedded economic realities that can’t easily be changed. Party doctrine dictates that China’s top economic advantage is found in its low levels of domestic consumption and high savings rate. These two factors mean domestic capital flows directly into the state-controlled banking system, which it can then allocate to specific industries. This gives the Party tremendous control over industrial policy and private capital.

For instance, China’s economic and development structures are geared toward high levels of industrial output. That may seem fine, but because China’s political organization and industrial arrangements within the Party are focused on large production capacity and not innovation or differentiation, the outcomes are massive overproduction that is often well beyond global demand and unprofitable factories.

Constant oversupplies, from electric vehicle batteries to electronics, result in Chinese manufacturers dumping massive amounts of cheap products into foreign markets, triggering trade friction such as tariffs and other retaliation, which also make conditions worse in China.

In short, China’s distorted industrial policies tied to a graft-loyalty political system have made it incapable of changing without disrupting the CCP structure and the loyalties that come with it.

No Stopping the Downward Spiral

For these reasons and others, over the past several years, China has found itself in a downward spiral of deflation, falling domestic consumption, and declining confidence in the CCP. What’s more, there are few real options that won’t threaten the CCP’s grip over the country. It must be made clear, however, that with its surveillance capabilities, the Party can handle a loss of confidence in the eyes of the people, but it can’t survive a loss of power. The two are not the same.

What the CCP will do is continue to support some critical areas of the economy, such as artificial intelligence, robotics, and military enhancements, while letting other sectors flail without little or no bailouts. Some sectors will eventually return, but not in the near future. This is clear to many within and outside of China, as billions of dollars in investment and capital continue to exit China.

Wolf Warrior Diplomacy Is Alive and Well

This brings us to China’s so-called wolf warrior diplomacy approach toward other nations, which it adopted in 2019 on the cusp of the COVID-19 outbreak and global criticism of Beijing’s disastrous handling of the pandemic. China was already under economic duress due to the rising trade war with the United States. Some observers attribute this approach to personal ambition among China’s diplomatic personnel and/or an attempt to improve the perceived investment environment in China.

Neither makes any sense when it’s understood that Xi Jinping is not allowing diplomats to make their own rules and policies, and pre-wolf warrior investment levels were high. Why would the CCP authorities imagine that increasing aggression on the global stage would make more countries want to invest there? They don’t.

A more realistic rationale for China’s rising aggression on the world stage is that Beijing feels the need to control the narrative at home and intimidate the rest of the world. The spillover between a declining economy and rising unrest is clear. At home, the CCP needs to blame the West and other foreigners for its blatant economic failures not only for exculpatory purposes but also to whip up nationalism and justify further aggressions as economic conditions continue to deteriorate.

Some observers have concluded that Beijing’s days of wolf warrior diplomacy are now over. Current events, however, defy such a conclusion. These include the Chinese regime’s provocative incursions with military planes and boats into or near territorial waters or air space of the United States, Taiwan, and the Philippines, border battles with India, as well as a desire to expand control of the South China Sea. On the global stage, as the return to bullets over diplomacy rises, Beijing sees an opportunity to influence and/or intimidate other nations.

Tyler Durden
Sat, 10/05/2024 – 23:20

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Left-Wing Salon Likens Trump's Policies to Nazism: ‘Plans to Turn USA into Type of Fourth Reich’

Left-Wing Salon Likens Trump’s Policies to Nazism: ‘Plans to Turn USA into Type of Fourth Reich’

Donald Trump’s immigration plans and rhetoric are similar to Nazi leader Adolf Hitler’s, according to a recent Salon piece warning that Trump “plans to turn America into a type of Fourth Reich,” targeting immigrants and minorities with “white supremacy” and “racism.”

The post Left-Wing Salon Likens Trump’s Policies to Nazism: ‘Plans to Turn USA into Type of Fourth Reich’ appeared first on Breitbart.

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Sweden To Ban Cousin Marriages To Combat Honor Oppression & Health Risks

Sweden To Ban Cousin Marriages To Combat Honor Oppression & Health Risks

Sweden To Ban Cousin Marriages To Combat Honor Oppression & Health Risks

Authored by Thomas Brooke via Remix News,

The Swedish government is considering a law change that would ban marriages between cousins, a move primarily aimed at curbing issues such as honor oppression prevalent in migrant communities.

The proposal, which was introduced by government investigators and aligns with policies laid out in the Tidö Agreement, which facilitated the formation of the current government, would also extend to marriages between other close relatives, such as uncles and nieces.

If approved, the ban could come into effect as early as 2026.

Currently, Swedish law prohibits marriages between parents and children or full siblings, though half-siblings can marry with an exemption. Marriages between cousins are still legal, but this may soon change.

A government-appointed inquiry, which began in September last year, now recommends that cousin marriages be banned under the Marriage Code, citing both social and health concerns.

The proposed ban has significant implications for Sweden’s migrant communities, where cousin marriages are far more common. While this is defended as a cultural practice that prioritizes familial ties, government officials argue that such arranged marriages increase the risk of honor oppression, particularly for young women and girls.

By outlawing cousin marriages, they believe they can reduce the likelihood of coercion and other forms of control within family structures.

Preempting a loophole, a key element of the proposal is that cousin marriages performed abroad will also not be recognized in Sweden, regardless of the spouses’ connection to the country. This is intended to prevent couples from bypassing Swedish law by marrying abroad and then returning to Sweden.

“The recognition ban will be general and cover all cousin marriages,” the inquiry’s findings stated, as cited by the SVT broadcaster, reinforcing the aim to counteract honor-based oppression across all backgrounds.

In Norway, a similar law was enacted this past summer, with officials highlighting the increased risk of genetic disorders and health complications caused by inbreeding.

These risks include higher rates of stillbirth and infant mortality.

In addition to the ban on cousin marriages, the inquiry also suggests eliminating the current exemption that allows half-siblings to marry in certain circumstances, thus better protecting vulnerable individuals from coercion.

A final decision on the reforms is expected in the coming months which, if passed, is expected to enter into force in 2026.

Read more here…

Tyler Durden
Thu, 10/10/2024 – 06:30

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Time To Rebel: We Are Now Entering The Total Censorship Stage Of Global Tyranny

Time To Rebel: We Are Now Entering The Total Censorship Stage Of Global Tyranny

by Brandon Smith, Alt Market: The authoritarian regimes of the past century have all followed a pattern of events that is generally predictable. Almost every totalitarian government has been inspired by the ideologies of the political left. Meaning, increasingly bigger government, socialist control of resources, the melding of bureaucracy and corporate entities, demands for “social […]

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