FEB 14 16 SIT EC y POL
1-Turkish forces shell Kurdish camp in Syria,
reportedly hit govt forces. RT. and Euronews confirm http://www.euronews.com/ inform: Turkish
forces attack Syrian and Kurdish positions in northern Syria. Turkey has confirmed its armed forces have
struck at Syrian army and Kurdish positions… Turkey blames US for 'sea of blood' in region : http://www.euronews.com/2016/02/10/turkey-blames-us-for-sea-of-blood-in-region/
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4- ‘Terrorists
facing endgame’: Are Turkey & West looking for pretext to start ground op
against Assad?
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ZERO HEDGE
ECONOMICS
THE
GLOBAL FIXED-INCOME "BLOOD MAP" OF 2016. Submitted by Tyler
Durden on 02/14/2016
EXTRACTS
For credit investors, 2015 was bad a year (for energy bonds
it may have been the worst on record) culminating with the gating and
liquidation of several credit-focused mutual and hedge funds. However, judging
by these heatmaps, 2016 is shaping up to be even worse.
The first chart below from Bank of America shows a YTD
performance heatmap of all Global fixed-income performance. The
variation in performance remains vast, but with plenty of areas still of
"credit stress." The one sector that is clearly working - for
now - is sovereigns on the back of even more NIRP around the globe
and $6 trillion in govvies trading with negative rates.
Unfortunately, for most other credit investors it has
already been an miserable year, as the following Citi heatmap of YTD junk bond
prices demonstrates. But while junk is clearly a sea of red, what is most
surprising is that in 2016 the worst performing sector on a relative basis is
not high yield but US and European investment grade, as the contagion from HY
spills over ever higher in the capital structure.
And here is the same for the entire world's IG CDS. This is
what Bank of America's Barnaby Martin says about this spillover: “ We still
see this as a big risk in IG and urge caution on low-beta credits.”
For some IG investors it may already be too late. But before
you dump those investment grade bonds and rush in junk on hopes the revulsion
is over, read the following from another BofA analyst, Michael Contopoulos.:
..
“Perhaps our greatest concern is
that if we are correct on the fate of the high yield market and the broader US
economy, the Fed has very little effective tools to combat such a scenario.
To this end we believe the path
the Fed ultimately pursues is irrelevant to the credit market. In fact, we
believe further stimulus would not calm the volatility in risk assets and
may actually add to it as an acknowledgement of a worsening macro environment
likely causes risk managers to dictate a dumping of securities and a hoarding
of cash.”
Yikes.
Source: Citi, Bank of America
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In
Unexpected Twist, Oil Exporters Are Buying Treasurys While They Liquidate
Stocks. Submitted by Tyler
Durden on 02/14/2016 : While the wholesale equity selling by SWFs has
become manifest just as predicted, in recent months something unexpected
emerged when looking at other asset classes in which SWFs are involved, most
notably Treasurys. " Unexpected", because US Treasury paper was one
of the asset classes many expected would feel the brunt of SWF selling, perhaps
much more so than equities. Quite the opposite has not happened.
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Saudi
Stocks Slammed As War Worries Trump Dead-Crude-Bounce. Submitted by Tyler
Durden on 02/14/2016 : Oil's late week surge provided much buying
excitement asd Mid-East equity markets opened with flashing green numbers
across every screen. However, by the close, it was a sea of red with
Kuwait, Egypt, Amman, and Iraq all lower and Saudi's Tadawul All Share Index
tumbling almost 4% from the opening highs as war worries dragged The
Kingdom's stock market back near 5-year lows.
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A
Bubble Induced Economy & The Wage Gap. Submitted by Tyler Durden on 02/14/2016 : Debt is a
temporary stop gap measure for politicians to kick the problem to a new
generation; and worse still, all the new debt has done very little to rescue
three decades of falling wages. Simply put, we are bumping up against the
limits of both fiscal and monetary policy... and financial markets are just now
realizing this.
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The
Age Of Stagnation (Or Something Much Worse). Submitted by Tyler Durden on 02/14/2016 : The world is
entering a period of stagnation, the new mediocre. The end of growth and
fragile, volatile economic conditions are now the sometimes silent background
to all social and political debates. For individuals, this is about the
destruction of human hopes and dreams
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Citi:
"There Was Something About The Entire Recovery Narrative That Is Downright
Wrong". Submitted by Tyler
Durden on 02/14/2016 : "Far from making the world safer, then,
there is a risk that the post-crisis policy mix has simply suppressed problems,
making markets stickier, and may even have added to them, by driving the global
credit cycle far ahead of the current interest rate cycle. Recent market
dislocations are a sign that that stickiness may be reaching breaking point.
At this point we may start to question whether it can provide a similar
solution this time round, not just because of the zero lower bound, but because
the entire premise on which it has been based – inducing credit expansion
and risk-taking in some other part of the global economy – seems to be reaching
its limits."
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Central Banks Are "Malicious Tools Of Wholesale Cultural Destruction". Submitted by Tyler Durden on 02/13/2016 : Central bankers regularly lie to us to obscure the larger, ongoing globalization of finance. We're not supposed to notice what's going on behind the curtain. But we better start. [ This is yesterday news: in case you miss it ]
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POLITICS & US POLYCIES
..
..
Heads
You Lose, Tails You Lose. Submitted by Tyler
Durden on 02/14/2016 :
Vote according... to BLOOMBERG .. HERE HE COMES..
Vote according... to BLOOMBERG .. HERE HE COMES..
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Washington's Dismal Comedy Of Terrors - When In Doubt Bomb Syria Submitted by Tyler Durden on 02/14/2016 : Everyone has been consulted about the future of Syria, except the Syrians themselves. Why? Because simply, Syrians don’t matter. They are quite beside the point. Thanks to fresh reporting by Seymour Hersh, we now know that the subtext for Obama administration’s Syrian strategy, dating back to Clinton’s tenure at the State Department, has been largely geared toward ensnaring Russian in the Levantine quagmire. This is chaos theory marketed as foreign policy.
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Washington's Dismal Comedy Of Terrors - When In Doubt Bomb Syria Submitted by Tyler Durden on 02/14/2016 : Everyone has been consulted about the future of Syria, except the Syrians themselves. Why? Because simply, Syrians don’t matter. They are quite beside the point. Thanks to fresh reporting by Seymour Hersh, we now know that the subtext for Obama administration’s Syrian strategy, dating back to Clinton’s tenure at the State Department, has been largely geared toward ensnaring Russian in the Levantine quagmire. This is chaos theory marketed as foreign policy.
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HOW
THE CLINTONS ENABLED THE 2008 ECONOMIC CRISIS AND FINANCIAL COUP D'ETAT.
Submitted by Tyler Durden on 02/14/2016 : "The crash
has laid bare many unpleasant truths about the United States. One of the
most alarming... is that the finance industry has effectively captured our
government - a state of affairs that more typically describes emerging
markets, and is at the center of many emerging-market crises..."
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Who
Said It 13 Years Ago?: "Mr. Greenspan, You Are Way Out Of Touch".
Submitted by Tyler Durden on 02/14/2016 : FEEL. THE. BERN.
"I have long been concerned that you see your major function and your
position as the need to represent the wealthy and I must tell you that your
testimony today only confirms all of my suspicions."
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MIDDLE EAST
Road
To World War III: Turkish Army Enters Syria After Second Day Of Shelling As
Saudi Warplanes Arrive. Submitted by Tyler Durden on 02/14/2016: On Saturday, the geopolitical world was
shocked when Turkey began shelling Aleppo, where the Syrian opposition has its
back against the wall in the face of an aggressive advance by Hezbollah and the
IRGC backed, of course, by Russian airstrikes. On Sunday, the world continued
down the road to a global conflict as Turkish shelling continued unabated and
Saudi warplanes arrived at Incirlik.
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Trading
Oil in OTHER Currencies Won’t Kill the Dollar: US Doesn’t Care What Color …..
By Jacob Dreizin. Sunday, February 14, 2016, Beijing. : There are good reasons for doing certain
cross-border trade in your own currency, or that of your trade partner.
Consider that all digital dollar transactions across borders, anywhere on this
planet, have to go through one or more U.S. banks. And if Uncle Sam doesn’t
like you, well, he can just cut you off from that. No more foreign trade for
you! It happened to Iran in 2012, forcing the country to survive on a bizarre
gas-for-gold scheme with Turkey, complete with a “gold express” on passenger flights
from Dubai to Tehran.
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Turkey
Fires On Syrian Army, Kurds, Says "Massive Escalation" In Syria
Imminent As Saudis Ready Airstrikes. Submitted by Tyler
Durden on 02/13/2016 : It's do or die time for Saudi Arabia, Turkey, and
Qatar as Russia and Hezbollah are set to rout the Syrian opposition at Aleppo.
In what very well may be a prelude to world war, the Saudis have sent warplanes
to Turkey's Incirlik airbase while Ankara has begun shelling the Kurds in
Aleppo on the way to promising a "massive escalation" within 24 hours. [ This is yesterday
news: in case you miss it ]
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US
Allies Are Now Fighting CIA-Backed Rebels In Syria. Submitted by Tyler
Durden on 02/13/2016 : On the same day Syrian President Bashar al-Assad
claimed his fighters would retake the entire country “without
hesitation,”unnamed American defense officials revealed to the Daily Beast that
the same Iraqi militias who were previously fighting ISIL alongside the U.S.
are now actively collaborating with Russian and Iranian forces to “crush”
American-backed rebels in Aleppo. [ This is yesterday
news: in case you miss it ]
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INFORMATION CLEARING HOUSE
Why the
Syria Ceasefire is a Long Shot. By Finian Cunningham. US and its allies are not
interested in peace. They want regime change – by hook or by crook.
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The
"Race To Raqqa" Is Quickly Intensifying . By Moon Of Alabama
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The US
“Plan B” for Syria and the threat of world war. By Bill Van Auken. This “grand
strategy” has led to unceasing US wars of aggression since and now poses the
real threat of a third, nuclear, world war
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Syria:
Turning Over the Death Card. By Jack Perry. I
fear that the threat of another world war might be too good an offer for the
United States government to pass up
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"Turkey is the Main Conduit of Supplies for the Terrorists" - President Assad. By AFP
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Turkey’s
Military Intervention to Syria. By South Front
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American
Empire Exposed . The World’s in a Heap of Dung Right Now. By Joachim
Hagopian
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President
Kennedy and His Brother Were Murdered By The Military-Security Complex. By
Paul Craig Roberts
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GLOBAL RESEARCH
Why
Bernie Sanders Will Bury the Clintons and the Israel Lobby to Become the First
Democratic Socialist President of America in 2016. By Anthony
Bellchambers,
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Selected
Articles: Central Banks, Neocons, NATO, Leading World to Disaster. By Global Research
News,
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NOTICIAS IN SPANISH
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¿Quién lo podría imaginar?: El
cristianismo se une y la predicción de Einstein se hace realidad .
1er encuentro entre jefes de la Iglesia católica y la Iglesia ortodoxa
rusa desde el cisma de 1054. Se unen para firmar una declaración
conjunta que insta a la comunidad internacional a poner
fin a la violencia y al terrorismo, y proteger a los cristianos perseguidos en
Oriente Medio. Asimismo. Se subraya necesidad de hacer llegar ayuda humanitaria
a los pueblos oprimidos y se aboga por un "diálogo interreligioso".
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Resumiento lo dicho hasta ahora diría:
1ro, porque
ningún país hoy en día utiliza el patrón oro.
2do,
porque es preferible invertir en activos financieros fácilmente
comercializables y que tienen unos profundos mercados de compradores y
vendedores. LEA
MAS en: Dólar frente
al oro: ¿Quién será el vencedor de la guerra monetaria? ..
3ro. En el
contexto de la caída bursátil y la debilitación del dólar, el oro creció hasta
superar los 1.200 dólares por la onza troy. El alza ocurrió el jueves, en medio
del "escepticismo acerca de la capacidad de la Reserva Federal de levantar
las tasas de interés” tal como lo pronosticó para este año Nasdaq. El
miércoles, la presidenta de la Reserva Federal de EE.UU., Janet Yellen dijo que
en caso de necesidad, esa entidad puede subir la tasa de interés a un ritmo más
lento de lo planeado debido a una serie de problemas que afronta la
economía del país.
4to. Un dólar más
débil no solo afecta positivamente el precio del oro, hace al dólar más
atractivo en relación a otras monedas.
5to,
el crecimiento del oro lo provoca la demanda de activos seguros, ya que
los inversores han comenzado a temer un crecimiento bajo de la economía global
debido a oscilaciones en el mercado petrolero.
EN
SUMA:
De
acuerdo el punto 4to y 5to, el vencedor de la guerra monetaria será el dólar.
El solo sugerir que no habrá subida de la tasa de intereses y que hasta podría bajar,
podría interpretarse como manipulación del
precio del oro para hacer al dólar más atractivo en la Banca y comercio mundial,
pero también interpretarse como una respuesta practica a los vaivenes de la economía
mundial. El caso es que el precio del petróleo dejó de ser saludable a la economía americana y a la primacía del dólar. Además, hay otro
factor de contexto, la guerra del medio oriente y la venta de armas que, podría devenir en “un proyecto
de guerra de largo plazo”. Esta guerra dejaría de ser grave carga para la economía USA, seria en cambio el mejor complemento
a la guerra monetaria. Asi vistas las cosas, habria imperio para rato, a menos
que un moscón malogre la sopa de la cena (Turquia) y la guerra devenga fuera de
control. Eso podría ocurrir hoy con la invasión Turco- Saudi a Siria. Pero, .. un
arreglo arriba (US-RU) pondría fin al “desorden”. Incluso bastaría que RU los
ponga en su sitio en un “click” para que todo regrese a una nueva normalidad :
Siria sin invasores y con Ado de elecciones para fines del 2016. El único problema sería que la Merkel esté apoyando
los turcos y/o que la war-monger Clinton, sean los nuevos moscnes que arruinen
la cena “paz”. La solución salomónica contra este azar seria (a) golpear a la
Merkel apoyando (o siendo neutrales) frente a la salida del UK de la UE, y (b)
apoyando el ingreso de Bloomberg a la escena electoral USA. Con este y/o con
Sanders si podría tener sentido el proyecto económico de la Yellen, que asumo
es del “deep-state”. Hugo Adan Feb 14.
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PRESS TV
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