JAN 11 16 SIT EC y POL
ZERO HEDGE
ECONOMY
Bear
Market: The Average U.S. Stock Is Already Down More Than 20 Percent. Submitted by Tyler
Durden on 01/11/2016: An angry bear has been released after nearly seven
years in hibernation, and the entire world is going to be absolutely
shocked by what happens next.
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"Panic
Is Building" BofA Admits; Asks "How Bad Could This Get?".
Submitted by Tyler Durden on 01/11/2016: "Panic is
building, most likely setting the stage for a rally, but the missing ingredient
here is growth. With analysts cutting estimates at an accelerating rate,
increasing China risks and no apparent floor for oil prices, we remain
cautious on our near term outlook for stocks."
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Russian
Stocks Are Crashing. Submitted by Tyler
Durden on 01/11/2016: Down over 5%, Russia's RTS Index has plunged to
its weakest level since Dec 2014 and the peak of its existential crisis
mid-Ukraine/currency-crisis/oil-collapse. This is Russia's biggest one-day
drop since April 2015. The Ruble continues to tumble (despite CNH strength)
as oil pushes to new cycle lows...
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Oil
Tumbles To 11 Year Lows After Another Bank Joins "$20 Crude"
Bandwagon. Submitted by Tyler
Durden on 01/11/2016.: Another
algo-induced stop-run has tried and failed to maintain its gains this morning
as Morgan Stanley becomes the latest (after Goldman) to join the "oil in
the $20s is possible" bandwagon. Despite hopeful bullishness from Andy
Hall who sees production destruction leading (an industry that couldn’t
function at $50 certainly can't function with prices below $40)
inevityably leading to higher prices, Morgan Stanley warns, "in
an oversupplied market, there is no intrinsic value for crude oil. The
only guide posts are that the ceiling is set by producer hedging while the
floor is set by investor and consumer appetite to buy. As a result, non-fundamental
factors, such as the USD, are arguably more important price drivers."
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JPM:
"Use Any Bounces As Selling Opportunities". Submitted by Tyler
Durden on 01/11/2016.: "Our view is that the risk-reward for
equities has worsened materially. Yes, stocks had a rough time most
recently, and some of the tactical indicators, such as Bull-Bear at -16 which
is at the bottom of its trading range, argue for a short-term respite. Clearly,
equities are unlikely to keep falling in a straight line, with periodic
rebounds likely. However, we believe that one should be using any bounces as
selling opportunities."
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GLOBAL RECESSION AT PORTAS
By John Rubino via DollarCollapse.com,
Submitted by Tyler Durden on 01/11/2016. :
The following three charts make last week’s market
turmoil easier to understand. Falling trade means lower corporate
profits, which, if history is still a valid guide, means less valuable
equities. So it could be that the markets are simply figuring this out
and revaluing assets accordingly. The US trade
deficit (exports minus imports) has been getting smaller. Since a trade deficit
subtracts from GDP growth, a shrinking deficit will, other things being equal,
produce a bigger, faster-growing economy (that’s the mainstream take).
...
ORIGINAL
SOURCE
US trade balance.
by John Rubino on January 10, 2016 · http://dollarcollapse.com/the-economy/the-shrinking-global-economy-in-three-charts/attachment/us-trade-balance/
But other things aren’t equal. It turns out that the components of
that trade balance figure are both shrinking. Exports — the stuff we sell
to foreigners - have been declining since the dollar spiked in 2014. That’s not
a surprise, since a strengthening currency makes exports more expensive and
thus harder to sell. So other countries are buying less of our stuff, which
though not surprising is a bad sign.
Meanwhile, imports — stuff we buy from abroad — have also plunged in
the past year, which is partly due to cheaper oil lowering the dollar value of
energy and other commodity imports. But it also means that even though
French wine and German cars have become less expensive as the dollar has soared
against the euro, we’re not buying more of them. So US consumers, even
with all the money they’re saving at the gas pump, still can’t (or won’t) take
advantage of a sale on imported goods.
If imports and
exports are both falling, that means consumption is weak pretty much
everywhere. And weak consumption means slow or negative growth, which contradicts
the recovery thesis that now dominates policy making and the financial media.
...
It also makes
last week’s market turmoil easier to understand. Falling trade
means lower corporate profits, which, if history is still a valid guide, means
less valuable equities. So it could be that the markets are simply
figuring this out and revaluing assets accordingly.
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The
Question Every Trader Want Answered: Are Stocks Short-Term Oversold Or
Long-Term Overbought. Submitted by Tyler
Durden on 01/11/2016. "Shorter-term traders will feel that many
moves have gone a long way very quickly and hence appear ripe for a brief
rebound. The catalyst is that, in the height of a market panic, prices can
become dislocated from fundamental valuations, as margin stops get triggered
and “weaker” positions get cleaned out. The counter-argument is that
distortions caused by the extraordinary monetary policies of global central
banks mean markets might have been disconnected from traditional fundamentals
for several years."
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Futures,
USDJPY, Crude Spike As PBOC Tries To Calm Panic. Submitted by Tyler
Durden on 01/11/16
Yuantervention overnight steadied the Chinese currency and
despite a plunge in Asian equities, stabilized US equities thanks to an
incvessant bid for USDJPY. However, this morning has seen PBOC's Ma crawl
out from under the desk to attempt to calm investor panic with two-faced
comments about the nation's new FX regime. Noting that PBOC will focus on
stability of Yuan vs their new CFETS basket, Ma then back-handedly said two-way
volatility was expected to increase (in a clear nod to stopping carry traders
piling on). Of course, the crude oil algos loved it and surged, USDJPY
jumped, but for now US equities and bond are unimpressed.
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Goldman
Closes "Top Trade For 2016" With 5.4% Loss Just 11 Days Into 2016, As
US Banks Tumble. Submitted by Tyler
Durden on 01/11/2016. : Just 11 days into 2016, Goldman has been stopped
out of one of its 6 "top trades for 2016" following a 5.4% loss on
its "long large-cap US banks" trade as these "relatively
well-priced, trading just above book value" assets turned out to be
relatively unwell priced...
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Submitted by Tyler
Durden on 01/11/2016 - 07:30
- David Bowie, musical legend behind Ziggy Stardust, dies at 69 from cancer (Reuters)
- With No Powerball Winners, Jackpot Grows to Estimated $1.3 Billion (ABC)
- Stock Gains Short-Lived as Chinese Volatility Hurts Oil, Metals (BBG)
- China's yuan spikes higher, but stocks tumble (Reuters)
- Arch Coal Files for Bankruptcy (WSJ)
- Yuan Loan Rates Soar in Hong Kong as PBOC Halts Currency's Slide (BBG)
- China stocks close down at lowest level since September (Reuters)
- Fed Eyes Margin Rules to Bolster Oversight (WSJ)
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Chinese
Stocks Plunge, Asia At 4 Year Lows But PBOC Currency Intervention Pushes US
Futures Higher. Submitted by Tyler
Durden on 01/11/2016
Initially both European stocks and US equity futures were
grateful that China has picked at least one asset class to prop up
overnight, and rose in an extremely illiquid market with European shares
gaining for first time in 4 days, as S&P futures rise even as the MSCI Asia
Pacific ex-Japan index just fell to the lowest level in more than 4 years.
However, as of moments ago the Stoxx 600 had faded all its earlier gains and
was trading near the flatline, as an algo takes out all stops on the top and
bottom once more, and looks set to move on to US futures shortly.
READ ALSO: China
Contagion Spills Over To Hong Kong Banks As HIBOR Explodes To Record High,
Stocks Tumble. Submitted by Tyler
Durden on 01/10/2016. : Chinese stocks are trading at the lows of the day
after Overnight HIBOR rates exploded a stunning 939bps to a record high
13.4%. It is clear that banks are
utterly desperate for liquidity and/or are extremely concerned about one
another's counterparty risk. This has dragged HSCEI down 5% (to its lowest
since Oct 2011).
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POLITICS
FBI
Said To Probe If Hillary Clinton Violated Public Corruption Laws. Submitted by Tyler
Durden on 01/11/2016 : In what may be the latest bad news for Hillary
Clinton, whose various "previous life" scandals - from emails, to
Clinton foundation donations - refuse to go away, the
Hill reports, citing
Fox News, that the FBI has expanded its investigation of Hillary Clinton's
use of a private email server during her time as secretary of State to
determine whether her Clinton Foundation work violated public corruption laws.
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The
State Of The Nation: A Dictatorship Without Tears. by John Whitehead via The Rutherford
Institute, Submitted by Tyler
Durden on 01/11/2016. : The state of our nation under Obama has become more
bureaucratic, more debt-ridden, more violent, more militarized, more fascist,
more lawless, more invasive, more corrupt, more untrustworthy, more mired in
war, and more unresponsive to the wishes and needs of the electorate.
Most of all, the government, already diabolical and manipulative to the nth
degree, has mastered the art of "do what I say and not what I do"
hypocrisy.
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Chicago
Schools In "Dramatic Trouble": "They're Looking At A
Disaster," Illinois Governor Warns. Submitted by Tyler Durden on 01/11/2016 : “For them to say
‘hey you owe it to us, it’s Springfield’s fault, pick up our pension liability
and let us kick the can in the rest of our pension liability, no, no, not
happening.”
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Rand
Paul Rages "The Fed Is Crippling America". Submitted by Tyler
Durden on 01/11/2016: The Fed is, indeed, a political, oligarchic force,
and a key part of what looks and functions like a banking cartel… We can’t
really know what we don’t know until we look. We owe it to the “swindled futurity” of the next generation to take a
long, hard look through a full and independent audit of the Fed.
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GLOBAL RESEARCH
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Why
North Korea Wants Nukes. Extensive U.S. War Crimes Committed against the DPRK By
Stephen Lendman
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Global
Alteration of Ocean Ecosystem Functioning due to Increasing Human CO2
Emissions. By Science Daily
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INFORMATION CLEARING HOUSE
Divide et Impera. The Imperialist Violence in
Syria. By Kim Petersen and B. J. Sabri.
On 12 April 2003, twenty-four days after the US invasion of Iraq, a Zionist
representative from New York, Eliot T. Engle, sponsored the Syria
Accountability Act (SAA).
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Welcome to
Israel’s Version of Apartheid, as Passengers Evict Palestinians from Plane .
By Jonathan Cook.
Most Israeli Jews have long supported two Israels: one for them and another for
the Palestinian minority
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Clinton Email
Shows that Oil and Gold Were Behind Regime Change In Libya. By Washington's
Blog. Qaddafi’s government holds 143 tons of gold, and a similar
amount in silver.
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[ Hedges is still playing his anarchist dystopia. He has to put
in his mind that neoliberal power really exist and it has to be replaced with a
power oriented to post-liberal economics & politics. Then we will listen or
read him. A revolution in America may
have two stages (as scholars really inside rev practice consider) : First the democratic
revolution (that includes a 3er option Front in the coming elections) and 2nd
the national-classes rev . In none of them there is a role to play by angelical
academics with nightmares of anarchistic dystopia. Why? because these “intellectuals” cannot make
a distinction between rightists & socialist leaders and put together the
couple Clinton-Trump with Bernie Sanders. Such idiocy doesn’t deserve any
credit and credibility.]
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How Debt Conquered America. By Jada Thacker. America presents itself to the
world as “the land of the free” but – for the vast majority – it is a place of
enslaving indebtedness.
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Before
Civilisation We Were The Most Social Of Any Life. By Lionel Anet. Globalised society
is controlled by dominant people using weapons, religion, and in capitalism its
fiat money, which has no limits therefore give the illusion of invincibility.
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NOTICIAS IN SPANISH
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ALC. Izquierda
en Latinoamérica, una agenda pendiente. Marcelo Colussi
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Mundo . La guerra de precios del petróleo y la
transición energética. Luis González
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Chile. El glorioso 2015. Paul
Walder
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PRESS
TV
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