DIC 11 15 SIT EC y POL
ZERO HEDGE
Is This
What Happens On Monday?. Submitted by Tyler
Durden on 12/11/2015
[ Los especuladores
tiemblan.. temen que ocurra lo anterior y esperan que el FED los salve ]
[ Que el FED los salve?.. pero si a la vez piden que
el FED desaparezca.. por que esperan peras del olmo?... NO, NO es un olmo… es
Santa Claus que siempre les regala QEs a costas del pueblo ]
Four months ago, China decided to devalue the Yuan
sending a shudder up and down collateral chains globally and forcing carry
trade unwinds and derisking everywhere. Friday August 21st saw notable weakness
as that weakness washed ashore in US equities.. and then Black Monday struck.
The ensuing debacle stalled The Fed and shocked markets.
The last week, we have seen China devalue the Yuan
very significantly, EM capital markets turmoiling, and today, that was ashore
in US equities... what happens next?
Deja
vu? LO ESPERADO o SABIDO
(extraña que esto ocurra? Si ocurrió en
Ag 21 por que no hoy?)
Deja vu? LO ESPERADO
o SABIDO (extraña que esto ocurra? Si ocurrió en Ag 21
por que no hoy?))
"As for near-term risks—we believe the most imminent
market catalyst will be the December Fed meeting in which we are likely to see
the first rate hike of the cycle."
..
But to a market which has traded mostly on technicals and
program buying (and selling) in recent months, there is something far more troubling
than just what the Fed will announce:
..
This important event falls at a peculiar time—less
than 48 hours before the largest option expiry in many years. There are $1.1
trillion of S&P 500 options expiring on Friday morning. $670Bn of these
are puts, of which $215Bn are struck relatively close below the market level,
between 1900 and 2050. Clients are net long these puts and will likely hold
onto them through the event and until expiry. At the time of the Fed
announcement, these put options will essentially look like a massive stop
loss order under the market.
..
What does this mean? That there is a very high probability
the implied "stop loss" level will be triggered, and the market could
trade to a level equivalent to the strike price, somewhere in the 1,800
area, or nearly 200 points below current levels.
..
Which would be a tragedy for the Fed: after all, .. The
irony will be if, regardless of what the Fed does, the subsequent move is
driven not by the market's read through of monetary policy but by the "pin"
in this massive $1.1 trillion option expiry, the biggest in many years, forcing
the Fed to backtrack in less than 2 days!
..
Whether this happens remains to be seen, ... However,
considering Kolanovic' track record of hinting at key risk inflection risk, it
is quite likely that whatever the ultimate closing price on December 16 and,
more importantly, December 18, volatility may very soon have an "August
24" type event.
Charts: Bloomberg
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Visualizing
The World's "Hot" Money. Submitted by Tyler
Durden on 12/11/2015
Every year, roughly $1 trillion flows illegally out of
developing and emerging economies due to crime, corruption, and tax evasion. This
amount is more than these countries receive in foreign direct investment and
foreign aid combined. This week, a new report was released that highlights the
latest data available on this “hot” money. How does this “hot” money leave
these countries? Global Financial Integrity has calculated that 83% of
illicit financial flows are due to what it calls “trade misinvoicing”.
[ Si miramos el mapa
del llamado “trade misinvoicing” vemos que la niña
violada ha sido America y que los violadores vienen de China y de Méjico y
Brazil.. Patético! .. pero cierto. ]
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“The country has been living a Big Lie since the day Nixon
closed the gold window in 1971, eliminating any vestiges of constraint upon
central bankers and politicians.” www.zerohedge
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White
House Unable To Explain How Gun Control Will Stop Mass Shootings. Submitted
by Tyler Durden on 12/11/2015
[ Obama teme que el
pueblo se levante en armas.. y nosotros que los desocupados nos asalten.
Lo grave es que
él sabe que cada vez que “prohÃbe la venta de armas” –solo de palabra- aumenta
esa venta. Muchos se preguntan si Obama
es un agente del NAtional Rifle Association. ]
“As President Obama prepares executive action to pass
further gun control legislation, one errant reporter dared to ask the
White House press secretary exactly how such proposals would have prevented any
recent mass shootings. The
response was... as expected.” www.zerohedge
[ Anoche asaltaron a
mi vecina en el vecindario.. y cuando vino la policÃa –tarde como siempre- le
sugirieron que se compre un arma. EntrevÃstenla.. vive en 310 Ophelia Street,
Pgh PA 15213.]
More on this topic?.
Check this: What
Drives Gun Sales In America
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Putin
Orders Military To "Immediately Destroy" Any Threat To Russian Forces.
Submitted by Tyler Durden on 12/11/2015
[ Si es imposible
evitar ser asaltado.. por que prohibir que quien tiene legalmente armas.. las
use?.]
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Bitcoin
Breaks Out Higher After China Announces Crackdown On UnionPay POS Devices.
Submitted by Tyler Durden on 12/11/2015
“When we
first detailed the link between a devaluing currency, increasing
restrictions on outflows of China capital, and Bitcoin, the virtual
currency soared (driven by Chinese flows, just as predicted). The last few
days, as China has once again started devaluing its currency, authorities once
again moved to tighten capital outflows - this
time through caps on credit-card withdrawals (as warned here) - and sure
enough, Bitcoin has been soaring recently. Specifically, a nationwide
crackdown on illegal Union-Pay point-of-sale devices, has sparked capital
flight (on heavy volume) through the virtual currrency.” www.zerohedge
[ Any official currency –especially dollars created from the
thin air- is a virtual currency. What happens is that there is an organized
mafia -called IMF- that warrantee who is the right rat to profit from this
legal “manipulated” fraud.. Bitgcoins are not included in that pest ..
Bitcoins were not created by China..
however, due to the fact that trade is prohibited in yuans.. they used.. . So,
instead of prohibiting bitcoins they should aloud the circulation of yuans
worldwide. The prohibition of yuans is also similar to prohibiting the
circulation of arms in America. ]
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Prince
Of World Beheading Champion Saudi Arabia Calls Trump "A Disgrace To
America". Submitted by Tyler
Durden on 12/11/2015
[ Lio de hampones en un circo de mala calidad.. si a los
payasos Saudis y a Trump se les permitiese entretener a los presos de una
cárcel.. estarÃa bien.. pero no somos los presos que ellos imaginan que somos.
..Pertenecemos a la cárcel neoliberal que no tiene otra celda que no sea el
greed desmedido.]
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"Inconvenient
Truth" Chart Of The Day. by Jim Quinn via The Burning Platform blog,S-
by Tyler Durden on 12/11/2015
“Sooner or later we all sit
down to a banquet of consequences” - Robert Louis Stevenson
The three quotes below sum up my views on the chart
below.
“Facts do not cease to exist
because they are ignored.” - Aldous Huxley
..
“That men do not learn very much
from the lessons of history is the most important of all the lessons that
history has to teach.” - Aldous Huxley
..
“Sooner or later we all sit down
to a banquet of consequences” - Robert Louis Stevenson
The stock market is the most overvalued in history.
You’ve been warned.
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"Everything's
Crashing". Submitted by Tyler
Durden on 12/11/2015
The writing has been on the wall for a few days/weeks, but
it appears a combination of global FX and equity turmoil and domestic corporate
debt market collapse is finally starting to roil US equity markets. The
Dow is down over 600 points in the last week or so, bond yields are collapsing,
the USDollar is tumbling, crude is crashing, and junk bonds are in free-fall.
[ Bud day, let’s see what happens on Monday ]
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Submitted by Tyler
Durden on 12/11/2015 - 07:36
- Futures down sharply as oil hits seven-year low (Reuters)
- Oil slides to new seven-year low as IEA warns of worse glut (Reuters)
- But... but... they all said... Cheap Oil Gives Little Help to U.S. Spending (WSJ)
- Disappearances in China Highlight Ruling Party Detention System (BBG)
- China’s Credit Rebounds as Stimulus Helps Boost Loan Demand (BBG)
- Junk Fund’s Demise Fuels Concern Over Bond Rout (WSJ)
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
What Stinks in Saudi Ain’t the Camel Dung
By F. William Engdahl
ISIS is simply a
“Saudi army in disguise.”
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Majority Of U.S. Millennials Want To Send
Troops To Fight ISIS, But Wouldn't Go Themselves
By Reuters. Despite their support for sending troops, 85 percent of respondents told pollsters they would "definitely" or "probably" not be willing to join the military
By Reuters. Despite their support for sending troops, 85 percent of respondents told pollsters they would "definitely" or "probably" not be willing to join the military
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Reinventing
Banking: From Russia to Iceland to Ecuador. By Ellen Brown
In the 21st Century, before a man and a woman are allowed to
make love, some sclerotic bureaucrat or child-molesting priest, is expected to
slam a stamp on a paper form and declare: “you can now kiss the bride.
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Middle-income
Households No Longer The Majority In The US. By Andre Damon
“Americans are less well-to-do now than at the start of the
21st century. For all income tiers, median incomes in 2014 were lower than in
2000."
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NOTICIAS IN SPANISH
ALC. Una nueva coyuntura en
‘Nuestramérica’. Alejandro Lavquén
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Perú. La división de la izquierda, la
necesidad de centrarnos en fortalecer las luchas. Freddy Salazar
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PRESS TV
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