OCT 13 15 SIT EC Y POL
DEMO DEBATE ONLINE http://www.cnn.com/2015/10/13/politics/democratic-debate-2015-live-updates/index.html?sr=sl101315debatelivestreamsmartlink
ZERO HEDGE
'Socialist'
Sanders Vs 'Crony' Clinton: First Democratic Debate Begins - Live Feed. S- by Tyler
Durden on 10/13/15
Las Vegas is buzzing ahead of tonight's
rumble-in-the-jungle between Bernie and The Battle-axe.
[ Referee & # of contenders against Sanders.. definitely a sided debate.. A BATTLE-AXE that couln’t chop Barnie’s head . HE WON. This event left clear idea on the way democracy works here.. like a gang waiting for their victim in the corner of a street … Even though Sanders won & said to the nation that they wanted to hear from him ... The worse of Hillary was her laugh at the end of the event .. the same laugh that she showed in Libya when Ghadafy was brutally killed by jihadists .. America no es Libya and we remember her inhuman laugh of hate & stupid supremacism ... this time her laugh kill herself & buried her aspiration to the presidency.. We don’t need this type of oligarchs in the White House .. we already have them .. Enough is enough. …The chart below is more valid now: SANDERS IS THE RIGHT LEADER FOR AMERICA ]
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DEMOCRATIC
DEBATE POST MORTEM (In 1 Poignant Image). S-by Tyler Durden on
10/13/2015
Who won? SANDERS BY A
LANDSLIDE...
Check Polls.. 1- Drudge...
ACCORDING TO CNN
IN SEARCHES & TWITTER
.. THE SAME.. SANDER IS THE WINNER OF THE 1ST DEBATE
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Is
Washington Actually Trying To Start World War III?. Submitted by Tyler
Durden on 10/13/15
[ There is a possibility
for human disaster… I hope MAD prevails over military stupidity ]
The stage is being set for World War III, but most
Americans are completely and totally oblivious to all of this because they are
so wrapped up in their own little worlds. Most Americans still seem to
assume that the Russians and the Chinese are our "friends" and that
any type of conflict between major global powers is impossible. Well, the
truth is that conflict has already begun in Ukraine and Syria, and tensions are
rising with each passing day. It won’t happen next week or next month, but
we are on the road to World War III.
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And
Now The Bad News: Millennials Will Need To Withdraw $270K Per Year From Their
Retirement Accounts. Submitted by Tyler
Durden on 10/13/2015
[ FACTS: 1- many of the milennials didn’t finish grad
studies, rate of flanking is big, most because tuition raise. 2- Once they
finish.. there is not job market for them to use their new knowledge… condemning
to wk in poor-pay-part-time jobs.. the most optimistic STAT said that only 40%
get access to decent job.. So, to think on their retirement is a way of
diverting attention to current problems ]
As Allianz latest survey notes, 61% of all
middle-class Americans, across all income levels included in the survey, admit
"they are not sacrificing 'a lot' to save for retirement,"
which is a major problem as, assuming 2% inflation (the Fed's current target)
when millennials enter retirement, they will need to withdraw about $270,000
per year from their retirement plans.
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Pipeline
Politics: Russia, Turkey Clash Over Energy As Syria Rift Shifts Focus To German
Line. Submitted by Tyler Durden on 10/13/2015
[ Wrong assumption:
Oil is not the
main reason for RU to smash the jihadists … if oil were, the focus should be in
the one in Iran .. So that is not the reason for RU to support Siria .. the
issue is geo-political & specially the uses from NATO of these jihadists
mercenaries .. to terrorize the world .. specially Russia since many of them
have been recruited ind Islamic states of Russia.. ]
.. now, tensions over Syria threaten to undermine the two
countries' energy relationship. Thus, now, tensions over Syria threaten to
undermine the two countries' energy relationship. Thus, the Nord Stream line to
Germany - the capacity of which is set to double - has now become more important
than ever for Gazprom. to Germany - the capacity of which is set to
double - has now become more important than ever for Gazprom.
[ Not evidence that the
Nord Stream line to Germany has been affected
by RU plane fighters against jihadists. Not evidence that Gazprom want to
control such oil. Not even evidence that Germany priority is the oil already in
work .. to say that “now, tensions over
Syria threaten to undermine the two countries' energy relationship”. This is simply anti-RU distortion crusade from
the US-UK ]
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Market Expectations Of A Stock Market Crash Have Never Been Higher. S- by Tyler Durden on 10/13/2015
With VIX collapsing 10 days straight (for the first time
since October 2010), one might be forgiven for thinking "everything is
awesome." However, as always, the real news is in the nuance that the
mainstream often misses. As VIX has plunged (complacency about 'normal' risk), Skew
(which measures extreme tail risk) has exploded to its highest ever...
[ El “sentanazo” esta cerca, muy cerca. Que
hacer? Comprar un “big frezer” y
llenarlo de comida.. o ahorrar los dólares que tenemos? … Cantar la tomada mexicana
no alivia nada, pero vale recordarla: “ya se cayó el arbolito donde dormia el
pavo real… ahora dormirá en el suelo … como cualquiera animal” .. Todo el mundo
va a sufrir “el sentanazo” y mas aun si
hay guerra nuclear “cuando los elefantes se pelean.. es el grass el que sufre..
el pueblo” dice un proverbio africano.. la guerra crearÃa un inmenso caos ..
todos tomarÃan sus armas para ajustarle cuentas a los ricos .. un pandemonio a escala global .. “everything is awesome..
NO WAY: everything is ugly .. seria la ley del dia ]
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The
"1%" Own Half The World's Assets: The Stunning Chart .Submitted by Tyler
Durden on 10/13/15
[ Los “pobres del
mundo” los tienen ya en la mira .. adonde huirÃan los ricos?.. difÃcil, muy difÃcil ]
“Credit Suisse is out with the latest edition of its Global
Wealth report and although the results are not entirely surprising, they are
worth highlighting. Three standouts: i) the rise in the value of financial
assets is most certainly contributing to an increase in global inequality, ii)
dollar strength led to the first decline in total global wealth (which fell by
$12.4 trillion to $250.1 trillion) since 2007-2008, iii) 0.7% of the world's
population own nearly half of the world's wealth while the bottom 71% of the
population own just 3%.”
ESTA
ES LA PIRAMIDE QUE CAUSA EL CRASH.. o
RECESION MUNDIAL:
SOLO
LOS POBRES.. ORGANIZADOS.. SABEN COMO INVERTIRLA
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[ Un milagro está ocurriendo … los ciegos empiezan a ver! .. y no
es milagro de dios.. ese ciego no ve ]
Once you understand
we’re on a long term downward path, also both in life and in finance, and
you’re not exclusively looking at short term gains, it all sort of falls into
place. Of course, the entire global economy has been hanging together with
strands of duct tape for decades now, but hey, it looks good as long as you
don’t take a peek behind the facade, right?
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Fed
Consumer Spending Survey Plunges To Record Low Submitted by Tyler Durden on 10/13/15
[ el martillo de la indecencia neoliberal is
tormenting us ]
The NY Fed's
Consumer Expectatiopns Survey hamers the nail home that all is not well in
America. Away from inflation expectations dropping and earnings
expectations tumbling, household spending growth expectations have plunged
to record lows.
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Investors
Are Terrified Of An EM Debt Crisis, But Are Bullish Because They Think Everyone
Else Is Too Submitted by Tyler
Durden on 10/13/2015
[ El “Mal de todos.. es consuelo de tontos” .. el “so what” que importa eso.. esta llegando a su final .. La rebelión de los Mercados Emergentes (EM) se aproxima
y rápido si se anuncia el rate-hike]
Here
extracts from this article
Welcome
to Reflexivity 101.
According to Bank of America clients, while the
"tail risk" of a China recession has receded somewhat, the bigger threat of a wholesale EM debt crisis is still out
there. Which really is the same trade: a Chinese/EM collapse.
In other words, the threat of an
imminent EM crisis is looming in everyone's mind, and yet nobody is really
concerned or even short EMs, because they think that "everyone else"
is short EM - so it is best to just stay long EM for the inevitable squeeze
because everyone knows one has to do the opposite of what the (alleged) herd
does.
Meanwhile nobody is actually short Emerging Markets!
And that is why despite the ongoing collapse in emerging
markets, and the deterioration in China, stocks today
are higher, because while the EM crisis is getting worse, "someone
else" will be forced to cover, aka
[ Is the "someone else" the FED with another QE?.. ah ah It
won’t happen .. as long as the FED say “everything is awesome”. .. If the FED admit the recession.. then public
panic will mount & it will be difficult to stop it. The only option the FED
have is releasing an undercover & selected (not to crook speculators) type
of QE.. severely controlled .. not to damage more the emerging markets..
Perhaps it is happening now ]
[ According to The Coming Emerging-Market Debt Squeeze by Andrés ... The
emerging-market debt crises of the recent past could not only happen again
today; they could happen on a much larger scale than in the past; said Andres Velasco from http://www.project-syndicate.org/
“Consider the
following scenario, one that has played out time and again in emerging-market
countries. Local banks and firms go on a borrowing binge and pile up
dollar-denominated debt – debt is considered perfectly
sustainable, as long as the local currency is strong. Suddenly, something (an increase in United States interest
rates, a drop in commodity prices, a domestic political conflict) causes the local currency to drop in value against the dollar.
The debt burden, measured in domestic currency, is now
much higher. Some borrowers miss interest payments; others are unable to roll
over principal. Financial mayhem ensues. [entonces la mutilación criminal financiera o crisis” ocurre, se da]
This is how the Latin
American debt crisis of the 1980s, the Mexican Tequila crisis of 1994, the Asian debt crisis of 1997, and the Russian crisis of 1998 unfolded. It was also how the financial crisis of 2008-2009 transmitted
itself to emerging markets. Every time, borrowers and lenders claimed to
have learned their lesson.
Not only could it happen again today; it could happen
on a much larger scale than in the past. Taking advantage of ultra-low interest
rates in advanced countries, emerging-market banks and firms have been
borrowing like never before. A recent paper by the
Bank of International Settlements shows that since the global
financial crisis, outstanding dollar credit to non-bank borrowers outside the
US has risen by half, from $6 trillion to $9 trillion.
The bulk of that debt
is in Asia, with China alone accounting for approximately $1 trillion. Other
big dollar borrowers include Brazil (over $300 billion) and India ($125
billion). Countries such as Malaysia, South Africa, and Turkey, plus Latin
America’s more financially open economies, also have rising foreign-currency
debts.
Yes, the almighty
dollar is not as mighty as it was before the US Federal Reserve surprised
markets with a more-dovish-than-expected communiqué earlier this
month. But, given the likely interest-rate differential
between the US and other advanced economies (particularly the eurozone and
Japan), together with a more robust US economic recovery, an era of dollar
strength – and, almost by definition, weak emerging-market currencies – is here
to stay.
[ not anymore, the US eco is weak now]
This likely means
trouble for the firm that borrowed in dollars to build a shopping mall in São
Paulo or Kuala Lumpur, and now must devote a much larger share of its revenues
in depreciated real or ringgit to service its debt.
How did we get here? Once upon
a time, conventional wisdom [
whose? ] maintained that curbing governments’ appetite
for debt would put an end to over-borrowing, because private agents would know
to act prudently and weigh the costs and benefits of one more dollar of debt.
Not even stern
University of Chicago economists believe that anymore. The fiscal and debt position
of many emerging economies (though not of Argentina, Venezuela, and other
poster children for mismanagement) is much stronger than it once was. But
private-sector CFOs seem determined to prove that they can borrow as lavishly
as their public-sector colleagues once did.
Conventional wisdom
also once held that dollar borrowing binges occur only in countries with fixed
exchange rates, with the central bank de facto insuring
borrowers against currency risk. Today, most emerging-market economies have (or
at least pretend to have) floating exchange rates, and yet locals continue to
borrow heavily in foreign currency. [CHECK FULL ART IN
MY WEB . or press The Coming Emerging-Market Debt Squeeze by Andrés ... ]
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By
This Metric, We Are Already In A Global Recession," HSBC Warns. S- by Tyler
Durden on 10/13/15
"Global trade is also declining at an alarming pace.
According to the latest data available in June the year on year change is
-8.4%. To find periods of equivalent declines we only really find recessionary
periods. This is an interesting point. On one metric we are already in a
recession."
[ Not.. until officially Ms
Yellen announced.. then the huge public panic will raise.. She won’t do it ]
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Buy
The Fear (And You Will Be Protected From The Horror). Submitted by Tyler Durden
on 10/13/15
[ This comic title describe the real dilemma of the FED: SAY OR
NOT TO SAY IT that we are in recession. If say, means 2 things: 1- that interest rates will be raised , and 2-
a huge revolution will break out worldwide against the raise of sovereign debt .
In other words, this financial massacre or “war declaration” will be retaliated
by all emerging markets and bye bye the dollar existence & the empire..
& welcome to the radical change of neoliberalism . So, don’t buy neither the fear nor the
horror.. Buy this: “Peace is not the absence of conflict” & get ready for it ]
Global central banks have made a Faustian bargain with
our economic soul selling our future for a false stability today. At this stage, absent continuous
intervention, a large deflationary crash in the
global economy is inevitable. The next Lehman brothers will be a
country. The real ‘shadow convexity’ will not come from markets but
political unrest or war. Peace is not the
absence of conflict. Global Central Banks have set up the greatest long
volatility trade in history. Buy the fear and you will be protected
from the horror.
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"There's
No More Fat To Be Cut:" Desperate Oil Producers Cut Salaries To Save
Mission Critical Jobs Submitted
by Tyler Durden on 10/13/2015
As WSJ reports, all
of the proverbial fat that can be trimmed has already been trimmed in terms of
layoffs and capex. This means further cost savings will have to come from
salary cuts because going forward, cutting jobs altogether would imperil
companies’ ability to operate.
[ Don’t cut salaries. Force the companies to compensate well
the layout labor. In other words: fry the companies that pollute & kill
people’s consumer-water. Fry it or stew
it in his own juice ]
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Submitted by Tyler
Durden on 10/13/2015 - 07:48
- Playboy to Drop Nudity as Internet Fills Demand (NYT)
- Stock futures fall on weak China trade data (Reuters)
- Any Hall is down 20% YTD (WSJ)
- Global Stocks Slide With Metals After Chinese Imports Tumble (BBG)
- Clinton's tack to the left to be on display in Democratic debate (Reuters)
- Switzerland Said to Impose 5% Leverage Ratio on Big Banks (BBG)
- AB InBev, SABMiller brew up $100 billion deal (Reuters)
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Futures
Slump After China Imports Plunge, German Sentiment Crashes, UK Enters Deflation. Submitted by Tyler
Durden on 10/13/2015
[ The recession crash is coming soon. Raise interest rate
will make it worse ]
“For the past two weeks, the thinking probably went that if
only the biggest short squeeze in history and the most "whiplashy"
move since 2009 sends stocks high enough, the global economy will forget it is
grinding toward recession with each passing day (and that the Fed are just
looking for a 2-handle on the S&P and a 1-handle on the VIX before resuming
with the rate hike rhetoric). Unfortunately, that's not how it worked out, and
overnight we got abysmal economic data first from China, whose
imports imploded, then the UK, which posted its first deflation CPI print
since April, and finally from Germany, where the ZEW expectation surve tumbled
from 12.1 to barely positive, printing at just 1.9 far below the 6.5 expected.”
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