Tag Archives: Unemployment

NATO not welcome in Trondheim by Norwegian Communists

In autumn 2018, Norway will be the host country for NATOs largest military exercise, known as Trident Juncture. But some people in Norway doesnt like that; The Communists in Norway. They will hold a Anti-NATO demonstration to take place in Trondheim on October 20th.

A few days ago there were many posters in Trondheim with this headline; NATO NOT WELCOME! But 40,000 troops are now in Norway from 30 nations, with 140 combat aircraft, 70 ships and 10 000 military vehicles. What they want is to train for war in central Norway.

According to the Communists in Norway, the exercise costs Norway more than 2 billion NOK and will create pollution for people and the natural environment.

The Communist Party of Norway and the Communist Youth of Norway organize a large demonstration and public meeting against the NATO military exercise on 20th of October 2018 at 13:00 pm in Tordenskjoldsparken in Trondheim.

People have often told me not to buy any American stocks, so I think I know what people I have around me. This is people with a Marxist-Leninist perspective. The same group of people can be seen in Turkey, Poland, Venezuela and Hungary to name a few.

This is people who don`t like capitalism. They are anti-capitalists and fight against what they call «imperialism.»

On their website they have this note; In the European Union the rate of unemployment in women was 10,6% in 2012 and 10,1% in 2014 (Eurostat), while the total number of women living within the limits of poverty reaches 65 million!

They also had this note; In the capitalist world especially in western Europe the labour achievements came as a result of constant and bloody class struggles. The existence of the Soviet Union and the example of the socialist construction forced a significant number of western bourgeois governments to grant some social and labour rights to their people.

However, after the counter-revolution in the USSR and eastern Europe, these social and labour rights were ferociously attacked. Today (in 2016), we live the capitalist barbarity of mass unemployment, underemployment, reduced salaries, mass lay-offs, zero-contract labour relations, child capital`s profitability; from the U.S of the 47 million people who live on the edge of poverty to the European Union of the 25 million unemployment people!

My note: This number is from 2016 and have changed. Unemployed people in the EU is now 17 million while it is 6 million in the U.S.

Furthermore, they say; the public healthcare system that was established in the Soviet Union consists a significant example of socialist construction. In Soviet Russia there was a broad state network of healthcare, based on the centrally planned socialist economy, which provided free services of medical care for the whole population.

In capitalist Russia of Mr Putin, life expectancy rate declined. In 2004 it was at 63 years of age. Furthermore, in capitalist Russia of oligarchs and monopoly groups, healthcare isn`t free and public anymore; numerous state hospitals and clinics closed while large private hospitals were created, the work «accidents» were increased (6,000 deaths every year) and the Russian working people have to pay for the services in the existing public hospitals, the Norwegian Communists say on their website.

They also talk about public and free education system. A unique achievement of Socialism`s construction in the Soviet Union was the complete elimination of illiteracy and the rapid increase of the educational level, and the author came up with this conclusion;

In any sector of the social and economic life, Socialism proved its superiority over Capitalism. And when we talk about «superiority» we refer on how the Socialist system managed to satisfy peoples needs by eliminating the exploitation of man by man.

Capitalism, with it`s anarhist nature in production and the deification of profit, has nothing more to offer to humanity except from poverty, misery, unemployment, inequalities and wars.

The Soviet Union and the socialist states of the 20th century, despite their existed problems, proved that a better world is possible. Despite the temporary historical setback of the 1989-1991 counter-revolution, nothing has finished. The end of history didn`t come, Mr. Fukuyama and dear apologists of Capitalism.

Socialism-Communism is the future of humanity, author Nikos Mottas said. A PhD candidate in Political Science, International Relations and Political History, and the editor-in-Chief of «In Defence of Communism.»

My note: Why do communists always talk about non-profit organisations like health-care systems and educational systems? You can also add the police force and fire department. They are all non-profit organisations. But they do not create something. It`s just a little part of the society and just a cost.

Capitalism and profit organisations are something different. A mix of Capitalism and Socialism and Communism can be a better way. In other words; a mix of non-profit and profit organisations. Its not a question about Capitalism or Communism. Its both. A mix.

You dont buy stocks in a hospital or a police force. Its a non-profit organisation. But you buy stocks in Apple so they can grow and voila; you have a revolutionary product called; iPhone. That`s wealth for you. It made the world a better place. It made your life more easy.

Socialism and Communism are both old words. They belong to the old school and doesn`t sound good at all. Why not change the words? Why not call it “Crowdfunding?” A much better word.

The Communists in Norway will hold a public meeting with the theme «How do we fight imperialism?» and the meeting will take place in Trondheim at 18:00 pm. After the meeting there will be a social gathering.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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Banks are in focus this week and ECB could change its forward guidance

The FED is expected to increase the short-term interest rate by 25 basis points this week. If the FED does not raise rates at he March FOMC meeting, it will be a big surprise for many investors. Two things to look for is unemployment and inflation.

The FED is not the only one to have a look at the rates this month. BOJ and ECB is also looking at the rate. All this is headed for an exiting week.

 

 

The U.S unemployment rate fell to 4,7 percent last month which is in line with market expectations. Labor force participation rate increased by 0,1 percentage point to 63 percent, and the number of unemployment persons was almost unchanged at 7,5 million.

Inflation rate is at near 5-year high of 2,5 percent, which is the highest since March of 2012. The inflation rate accelerated for the sixth consecutive month, mainly boosted by gasoline prices. Energy prices jumped 10,8 percent YoY and food prices declined 0,2 percent.

 

 

Watch out for inflation in February 2017 on Wednesday 15 at 12:30 PM. forecast is 2,5%.

Mario Draghi and ECB discussed whether rates can rise before QE ends. A big surprise for many analysts. Why are they doing that? The fact is that they are not satisfied with negative interest rates. This negative rates is squeezing banks’ profit margins because they are not matching the cost, and that will make if difficult for banks to lend to households and companies.

BNP Paribas has predicted the deposit rate will be increased this September, and QE is intended to run until at least the end of 2017. Some people said at least mid-2018. Anyway; analysts will scrutinize the ECB statement on Thursday to look for any changes.

BOJ will have an Interest rate decision on Thursday 16th at 03:00 AM. Forecast is -0,1 percent, which is the same as its January 2017 meeting. In January, policymakers also decided to maintain its 10-years government bond yield target around zero percent.

Economic growth forecast is 1,5 percent for 2017 fiscal year from an earlier projection of a 1,3 percent growth.

Banks are in focus this week and ECB could change its forward guidance.

 

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Filed under Politics, Quantitative Easing

Santa Claus rally

Nikkei rose on upbeat global growth signals. European shares and commodities fall before the Fed two-day meeting. The consensus still seems to be in favor of January or March for the first taper.

December is a better trading month than the others and better known as “the Santa Claus rally”. The markets has a tendency to go up the last 10 trading days of the year. Will this tradition continue this year, or will the Fed keep the markets grounded?

The Dow has gained an average of 1,7% since it was created in 1896. It is rising 77% during this seven-trading session period in December. That is much better than the 0,2% average gain in all other seven-trading session periods of the calendar.

The Fed has said it won’t cut stimulus until it sees signs of sustainable economic recovery. Unemployment has since fallen to a five-year low and third-quarter economic growth was stronger than forecast.

Is the U.S economy strong enough to start tapering now in December 2013? The FED has said it won`t start the tapering before it sees signs of a sustainable economic recovery.

The unemployment rate is now 7,0%. This is the lowest level since november 2008. This is encouraging news for the 11 million Americans who remain unemployed. 2013 is on the way to be the best year for job creation since 2005.

The market has a long way to go before it is healed from the recession, but unfortunately the job market still has a long way to go until it’s entirely healed from the recession. The meeting starts tomorrow. Let`s wait and see…. Do you belive in Santa Claus?

News today: Core CPI at 8:30am.

FED

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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