martes, 1 de septiembre de 2015

SEP 1 SIT EC y POL

SEP 1 SIT EC y POL

KIEV DIVISION: NEO-NAZIS AGAINST POROCHENKO.
ANOTHER FAILURE of US FOREIGN POLICY:  “cria cuervos y te sacaran los ojos”

DEATH TOLL FROM RIOTS OUTSIDE UKRAINE PARLIAMENT REACHES 3
The death toll from Monday’s riots outside Ukraine’s parliament in Kiev rose to three after another serviceman died from injuries suffered in a grenade blast, TASS reported. The soldier sustained serious fragmentation wounds during the explosion, the National Guard said on Tuesday. For almost 24 hours, the young man was in a coma, it said. Two National Guard members died on Monday and on Tuesday. Protesters clashed with police and National Guard troops on Monday after MPs initially backed constitutional amendments supposed to give greater powers to Donbass.
Source : http://www.rt.com/news/line/  12:04 GMT
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ZERO HEDGE


"The current secular shift in reserve manager behavior represents the equivalent to Quantitative Tightening, or QT. This force is likely to be a persistent headwind towards developed market central banks’ exit from unconventional policy in coming years, representing an additional source of uncertainty in the global economy. The path to “normalization” will likely remain slow and fraught with difficulty."
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The Myth Of A Russian 'Threat'. Submitted by Tyler Durden on 09/01/2015

Not a week goes by without the Pentagon carping about an ominous Russian "threat". The Pentagon’s rhetorical games also serve to mask a real high-stakes process; essentially an energy war – centering on the control of oil, natural gas and mineral resources of Russia and Central Asia. Will this wealth be controlled by oligarch front men “supervised” by their masters in New York and London, or by Russia and its Central Asian partners? Thus the relentless propaganda war.
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Think about it. We are currently watching global stock markets gyrate toward breakdown trying to anticipate the whims of a cloistered professor who never launched a business, never met a payroll, never shipped a product, and never won an election, yet has been empowered to determine the price of money. What’s even stranger is that people consider this normal. Ask yourself: Why do we wait on pins and needles for Janet Yellen to set interest rates yet laugh at the idea that kings once set the “just price” for a loaf of bread?
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[ a la mafia de especuladores chinos les partieron la madre, dicen los quates de Mx ]

"One manager at a major fund - part of the 'national team' of investors and brokerages charged with buying stocks to revive prices … also an executive at a large fund, was recently summoned for a meeting with regulators, along with all other mutual funds that had engaged in short-selling activity. 'If I don't come back, look after my wife', handing the manager his home telephone number."
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[ QT INSTEAD OF QE = tight up, tight up..nos estamos ahorcando .. Vamos bien! .. We are practicing American hijad. …  If the West need help  from China-RU, they will be happy to do so, all RU-CHI  have to do is regionalizing its trade. .. Moraleja:  A la mona, por mas que la vistan de seda, mona queda ]

Last week, the world was introduced to what Deutsche Bank has branded "quantitative tightening" or, in layman’s terms, "reverse QE." We - as well as Citi and SocGen - have endeavored to speculate on what hundreds of billions (if not trillions) in EM FX reserve liquidation may mean for UST yields, but if you’re looking for other ways to trade QT, Deutsche Bank has an idea. READ: It's The Fed, Stupid; Why Kuroda And Draghi Are No Match For Quantitative Tightening  [they don’t love this type of suicide ]

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But but but... US economy is solid... curve will steepen... NIM... banks... bullish... buy... except that the market's perception of the credit risk in US financials is at 19-month wides. With counterparty risk rising, is it any wonder financial stocks are crashing?
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Is September 2015 going to be one of the most important months in modern American history?

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US Manufacturing Plunges To 2-Year Lows As New Orders, Employment Tumble. Submitted by Tyler Durden on 09/01/2015

As Markit notes, "U.S. manufacturing sector continues to struggle under the weight of the strong dollar and heightened global economic uncertainty." On the heels of Milwaukee and Dallas Fed weakness, ISM Manufacturing printed a disastrous 51.1 (vs 52.5 expectations) - the lowest since May 2013. Employment tumbled, as did New Export ordedrs, but unadjusted New Orders plunged to its lowest since 2013, which is a problem given the massive inventory builds that have saved the world in the last few months.
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*NYSE AND NYSE MKT CASH EQUITIES MARKETS WILL INVOKE RULE 48
US equity futures markets have just pushed to fresh overnight lows, with the last leg down seemingly triggered by the CAD recession print. Let's hope Cramer and Cook have another email up their sleeves as weakness in AAPL is notable - down 2.75% in the pre-market. Lastly, we noted US equities are rapidly catching back down to the XIV-implied lows as the last few days bounce evaporates.
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It appears low oil prices are not awesome for everyone. For the second quarter in a row, Canadian GDP dropped (-0.5%) pushing America's northern neighbor back into recession. What is ironic is that this was better than the 1% drop that was expected and so CAD is strengthening.
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… earlier in August, the real stunner came not from China but from South Korea, which last night reported an unprecedented 14.7% collapse in exports, far worse than the -5.9% consensus estimate, and more than 4 times worse than July's 3.4%. The number is critical because not only do exports account for about half of South Korea's GDP but because it also happens to be the first major exporting country to report monthly trade data. That makes it the perfect barometer of global trade flows, or as the case may be, the canary in the global trade coalmine. It also confirms what we reported just one week ago when we said that "Global Trade Is In Freefall."
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… to help ease pressure on the yuan" and by extension, on the PBoC’s rapidly depleting FX reserves. To that end, starting October 15 banks will have to hold the equivalent of 20% of clients' FX forward positions with the PBoC, where the money will sit, frozen, for a year, at 0% interest.
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Submitted by Tyler Durden on 09/01/2015 - 07:34
  • Charting the Market: New Month, Same China (BBG)
  • China jitters send stocks tumbling (Reuters)
  • Oil falls on weak China factory data (Reuters)
  • Euro zone factory growth eases in August despite modest price rises (Reuters)
  • Euro-Area Joblessness Falls to Lowest Level Since Early 2012 (BBG)
  • Clinton friend advised on U.S. politics, foreign policy (Reuters)
  • Korea exports slump as Asia's woes deepen (Reuters)
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Just like the last time when Chinese flash PMI data came out at the lowest level since the financial crisis, so overnight when both the official Chinese manufacturing and service PMI data, as well as the Caixin final PMI,s confirmed China's economy has not only ground to a halt but is now contracting with the official manufacturing data the lowest in 3 years and the first contraction in 6 months, stocks around the globe tumbled on concerns another major devaluation round by the PBOC is just around the corner with the drop led by the Shanghai Composite which plunged as much as 4% before, the cavalry arrived and bought every piece of SSE 50 index of China's biggest companies  it could find, and in a rerun of yestterday sent it to a green close, with the SHCOMP closing just -1.23% in the red. So much for the "no interventions" myth. We wonder which journalist will take the blame for today's rout.
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INFORMATION CLEARING HOUSE

IT IS THE 1ST RESPONSIBILITY OF EVERY CITIZEN TO QUESTION AUTHORITY” Benjamin Franklin
Too many people in the Military-Industrial-Congressional Complex on both sides of the aisle are becoming rich and powerful by feeding off America’s self-referencing politics of unilateralism, fear, and perpetual war.
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President Santos’ two-faced policies mirror those of the Obama regime. While Obama pursues negotiation with Iran, he wages proxy wars against Iran’s allies in Yemen, Syria and Lebanon.
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The US no longer has a judiciary. This former branch of government has transitioned into an enabler of executive branch fascism.
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The Great UnravelingBy Chris Hedges
Democracy, especially in the United States, is a farce, vomiting up right-wing demagogues such as Donald Trump
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Why do prominent US journalists routinely fail to question other deep events that shape America’s tragic history
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This is not a story that the mainstream press is happy to popularize
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