OCT 18 16 SIT EC
y POL P1
ZERO HEDGE
ECONOMICS
BAD NEWS
"It hasn't learned..."
Before we start... this!
"probably nothing"
Official story :
It seems terrible economic data is great news for bonds (up), stocks
(up), US dollar (up?), and gold (up?)... Just buy everything stupid.
See charts here: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/16/20161018_EOD2_0.jpg
BUT.. The S&P remains unable to regain its
range...
See chart here: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/16/20161018_cftc1_0.jpg
Stock-Bond correlation continues to drift very
modestly lower BUT remains risk-parity-poundingly positive... See chart on this correlation here: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/16/20161018_EOD9_0.jpg
However, 3 days in a row of crude dumps and
pumps... ahead of tonight's inventory data... is this.. See chart here: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/16/20161018_EOD6_0.jpg
IN SHORT, our economy is going
to “la merda”
----
----
US
equity markets have gone nowhere fast since the start of September, coiling
in a narrow range and breaking down. This also
coincides with the peak in speculative long positioning in S&P Futures and for the first time since April, large
speculators are net short the US equity market.
----
----
".. that was one of the biggest mistakes the central banks made during the
financial crisis: They stopped the debt from blowing up. So we never had a
cleansing... we are still solving the too-much-debt-problem with
too much debt... the Fed is still saying We will make money for free and you
just need to borrow more money, and that's its solution to having too much debt. It's insane
when you look at it. "
----
----
Dear Americans, if you feel like healthcare
costs are soaring, that's because it's true. However, the reason why the
Fed may not be sharing your pain and keeping rates "lower for longer"
is that it may be simply looking at a parallel series
that shows virtually no healthcare inflation at all.
[ Everywhere States are champions in lying with STATs.. America
is not an exception.]
----
----
The Econ debacle: It is impossible to tap & hide the sun with one finger
Obama: "I'm
proud of our economic track record" he exclaimed, despite Harvard having blown that myth out of
the water, before he turned his attention to Trump, telling him to
"stop whining."
See: Harvard Crushes
The "Obama Recovery" Farce With 9 Simple Charts OPEN http://www.zerohedge.com/news/2016-09-15/harvard-debunks-obama-recovery-farce
OR SEE CHARTS DIRECTLY HERE: http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2016/09/15/20160915%20-%20Harvard%2013_TJB_0.jpg
----
----
Gold remains the asset Wall Street loves to
hate. It is currently under pressure due to the recent increase in rate
hike odds and there was definitely a need for stale long positions to be
cleared out. When we see
the mainstream gang up on gold so quickly though, we tend doubt that the bears
will be correct. Of
course we have no crystal ball either, but we remain
convinced that the monetary
experiments of recent years will end quite badly.
----
----
Global Context
It is becoming increasingly obvious that foreign central banks,
sovereign wealth funds, reserve managers, and virtually
every other official institution in possession of US paper, is liquidating
their holdings at a very disturbing rate.
[[ This will affect the value of the USD]]
----
----
Federal Reserve policy will remain accommodative after yesterday's
dovish comments by Fed vice-Chair Stan Fischer, as well as weak economic data helped push the US Dollar off its 7 month
highs.
----
----
POLITICS
"Here in the United States, most people don’t even realize that we could
be on the verge of a major conflict with Russia."
----
----
Big
Media is the power that sustains the forces of globalism against those of
Americanism... "without the unending one-sided assault of the
news media, Trump would be beating Hillary by 15 points."
----
----
YES, THEY ARE "With Her"
WS crooks and big
corp do not support Hillary for free. They know what they want. And we know
that this dirty alliance turned our electoral system into a scum. They made the
system illegitimate, unfair and full of lies, dishonesty and frauds. They turned
into an anti-democratic system with the complicity of top authorities. This
support is arriving to an end and there is a hope that honest people at the top
of the Justice and Security apparatus put an end to this farce of democracy. IF NOT, people will defy the illegitimate election of
Hillary and social unrest will have unpredictable consequences.
----
----
For those who still believe in
the concept of individual freedom, Adolf Hitler had
this to say: “Society’s needs come before the
individual’s needs.” This concept has been thoroughly supported
by modern day American politicians of both parties. Hillary
Clinton echoes the Fuehrer’s view as follows: “We must stop thinking of the individual and start thinking
about what is best for our society.” The Sedition Act has now
become a permanent condition in the US, and Europe is not far behind.
----
----
WE SHOULD STOP ELECTION FRAUD
NOW! HOW?:
1- Independent investigation on
the machines counting votes
2- Check registered voters by
State: not illegals, not death voters
“It’s a very easy thing for Republicans to say, 'Well, they’re bussing
people in.' Well, you know what? We’ve been busing people in to deal with you fucking assholes for
fifty years and we’re not going to stop now“
[[ What is the point in going to elections if is going to be
rigged? Better ABSTEIN & stay home ]]
----
----
WE’re TRAPPED in sex,
lies and FRAUDs. The electoral system is illegitimate & anti-democratic. It
is being used to legitimize in power the already appointed crook lady by big
Corp & WS Mrs. Hillary Clinton. She defied to US LAW with the tapes-scandal
with impunity thanks to the complicity of top authorities. Her Govt will be illegitimate and the NATION will defy it State by State via Referendums. Huge political crisis is at portas, perhaps it will start during Nov 8, but sure it will be the aftermath of this election.
It’s
like being in the Twilight Zone.. we’re trapped
in an all-too-real land of politics and lies, where freedom and integrity play
second fiddle to ambition and greed.
----
----
ONE MORE CRISIS and the division
of the Union could start
While the probability of a November rate-hike has collapsed to just
8.5% (as Dec holda round 65%) it appears regional Federal Reserves have a very
different perspective of when Janet should hike. Nine of the Fed’s 12 regional banks sought a
quarter-point increase in the discount rate in September, up from eight in August, based on minutes of their board
meetings published by Fed. This is the same number as right before the December hike in 2015.
----
----
If there is a coup d’etat –nobody want it- but it will stand
to reason
When Sheriff David Clarke declared it's "pitchforks and torches time," he may have been
on to something. With a record low 19% of Americans
trusting the government and belief in the media collapsing, it appears "we, the people"
have faith in only one group... the military.
[[ They may do what Hillary plan do.. create context for WW3
and started.. without the charade of “democracy”.. BUT.. the military knows
that WW3 won’t have winners .. it
instead eliminate the need for military forever .. So, if rational prevail among
them, they may not be in favor of WW3. ]]
----
----
IT IS ABOUT TIME
This is a story that
refuses to go away. Corruption in the USA has now reached the level where
it starts destroying the entire fabric of society itself. This is a
very dangerous moment.
----
----
It appears 'The Deep State' has
been spotted. newly released FBI documents discuss "a group of very high-ranking officials that some referred to as ‘The
7th Floor Group’ or "The Shadow Government." According to
the FBI probe, “[t]his group met every
Wednesday afternoon to discuss the FOIA process, Congressional records, and
everything CLINTON-related to FOIA/Congressional inquiries.”
----
----
President Obama’s Kenyan-born, half-brother Malik will be in the
audience in Las Vegas Wednesday night when Donald Trump and Hillary Clinton
square off in their third and final debate. Malik — an
American citizen who lives in Washington, DC, when he’s not in Kenya — says he
will be a guest of Trump, the Republican nominee he supports for president.
----
----
WORLD ISSUES and ME
For more than two years the oil industry has
suffered through its worst down cycle since the 1980s; but while oil
executives are focusing on survival for the next few years, a much bigger
threat looms over the long-term: Peak oil demand.
----
----
3 story-tales on China and 1 truth: A 2nd global
depression is approaching fast
1
A couple of trillion dollars of freshly created debt and a collapsing
currency (which did nothing for the trade balance which was described as "not very solid" by
authorities) along with a dead stock market, a bond market at record low yields
(unconvinced at any recovery) and a housing bubble and China's National Statistics Bureau 'nails it'
with 'meets' across the board (albeit Industrial production
disappointed).
----
2-
There is a reason why, when the Chinese Q3 GDP
print is revealed shortly, it will be an utterly meaningless indicator - the
number is a goalseeked, arbitrary political construct meant to convey not
information about the economy, but about Beijing's intentions what it may or
may not do in the future. Unfortunately, since it is the only official number
to come out of Beijing, hours will be spent debating it for the next few days.
As such, here are 5 key things to focus on...
----
3-
"From
a growth rate perspective, the speed of credit expansion is alarming. The
current pace of credit growth in China is realistically in a range between 19%
and 20%, well above the reported official TSF growth of 12.4% and new loan
growth of 13.0% in September. Relative to GDP, China’s credit-to-GDP ratio currently in a range from
260% to 275% of GDP as of September 2016" - Barclays
----
----
No hay comentarios:
Publicar un comentario