SET 30 16
SIT EC y POL 1
ZERO HEDGE
ECONOMICS
"Get
used to it" is the message from Goldman Sachs when it comes to the collapse in global trade...
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Just when you thought you could relax into the weekend knowing that the
US (and world) banking system was 'fixed' again thanks to a rumor from French
press, Wells Fargo take another hit. Following California's decision to sever all banking
ties with the bank, Illinois
State Treasurer Michael Frerichs has confirmed his state's plans to suspend billions of dollars of investment activity with Wells
Fargo.
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EU is dumping USD for a reason.. guess why?
As the world wakes up to the
fact that Deutsche Bank is not Lehman - it's
massively bigger, and massively more
systemic, oh and it has depositors - contagion
is spreading through global funding and asset markets.
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Seemingly confirming the rumor, Agence France Press reports that Deutsche Bank is nearing a $5.4 billion
settlement with the US Justice Department. This has
catalyzed another leg higher in Deutsche Bank stock and lifted the whole market
as it would appear that unconfirmed sources have
'fixed' the world's most systemically dangerous bank (despite the fact
that short-dated counterparty risk is soaring).
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ELECTIONs effect on Business
1-Atlanta
Until today, the Atlanta Fed's Q3 GDP estimates
used to be well higher compared to Wall Street's own forecasts. No more.
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2- Chicago
"Economic growth in the US appears to have picked up a little at the end of
the third quarter," reports MNI as September's Chicago Fed
ticked up to 54.2 (better than the 52.0 expectations). Most subindices rose but notably employment fell. While excuses grow
around the nation for disappointing data, 79% of
Chicago panellists said the run-up to November Presidential Elections is having
a negligible impact on business.
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The catalyst for the DB spike is again a rumor. There has been
trader unsubstantiated speculation - on Twitter - that the bank may reach a lower RMBS settlement
with the U.S. DoJ than feared. As Bloomberg seriously notes: "unverified
handles on Twitter speculate the DoJ fine may be $5.4b, vs reports earlier this
month the DoJ had sought $14b. Unverified handles including @fiatcurrency, @Fxmacro Tweet or retweet
the speculation."
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World market real trends vs. Rumors & “perception issue” in
Europe
"We
take this rather uncommonly large number of “reversals” very seriously,
and given that this is the quarter’s end we’d not be at all
surprised to see this selling cascade today .. become very serious indeed."
Here is why:
1-
SHARE PRICES HAVE “GONE SOUTH” IN GLOBAL TERMS
as seven of the ten markets comprising our International Index have fallen…
three of which have fallen by more than 1%... as the news spread through the
markets yesterday regarding the problems attendant to the Deutsche Bank. .. The question is whether Merkel
& Company shall come to the Bank’s aid and save it from failure, and although Ms.
Merkel has said countless numbers of times that she has no intention of doing
so, in the end she will. She shall have no choice. Germany…
and by extension the whole of Europe, and buy even further extension… the industrialized world cannot abide the collapse of the
Deutsche Bank. It will be bailed out.
Other banks in Germany can and would be allowed to fail, but the Deutsche Bank
cannot and will not be.
2-
In the world of capital markets, perception is
all-too-often reality; if the market “perceives”
you as impaired, you are impaired and if the market “perceives” you as solvent,
you are effectively insolvent… at least for the moment. This is the
harsh reality of the market and as our old friend from 25 years, Mr. Barry
Bausano, the Chairman of the Deutsche Bank’s hedge fund business said
yesterday, even though the bank’s prime brokerage
operation is very nicely profitable the bank still has “a perception issue.”
[[ Whose perception? The bank self-P.. or someone else P? ]]
3-
So, once again as the rumors swept through the
capital markets yesterday mid-morning “risk happens fast.” Only a few
hours before it appeared possible that the market
here in the US would make new highs; instead, the veritable bottom fell out.
Only a few hours before, the European markets were all
moving pleasantly higher; instead, selling
pressures erupted. By the day’s end, we’d seen
“reversals” in the DJIA futures; in the NASDAQ futures; in the Russell 2000 and
especially in the DAX and EUR 50 futures. We take this rather uncommonly large number of “reversals” very
seriously, and given that this is the quarter’s end we’d not be at all
surprised to see this selling cascade today and become very serious indeed. Risk does indeed happen fast, as our old friend,
Doug Kass, reminds everyone.
Doug Kass, reminds everyone.
And just like that, the ALGOS have been given the green
light.
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GOLD, SILVER & THE USD
If demand for USD rise high is
because EUB don’t want to have it, or don’t buy it .. if this continue, the USD will definitely collapse .. So far the
ball jump up the net and the other team -in this volleyball game- start spiking
the ball forcefully (hitting hard) .. is that we see in the price rise for gold
& silver .. a clear sign of severe crisis of our currency. Check
these news:
1-
With USDollar liquidity demand soaring in
Europe, and Lehman-esque systemic risk concerns re-emerging from the
shadows, it
appears the safe haven bid for protection from the folly of politicians
and central planners is alive and well...
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2-
Secret Swiss
Military Bunkers Being Filled With Gold By Billionaires Seeking
"Alternatives To Bank Deposits" [[ I
guess the same is happening here. Check
“bunkers in the US to face WW3” ]]
“There is growth in gold. Since 2008 there has been a real interest in
alternatives to bank deposits.”
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The Fed
argues that low rates have worked. The economy emerged from recession. Unemployment drifted back down.
“Yay for us,” said the Fed. Don't
buy that statistical economic garbage. The economy recovered in spite of Fed
policy, not because of it.
POLITICS
Andrew Spieles had big plans to
"help" Hillary win the key swing state of Virginia with a little help from some dead voters...except
he got caught...oops.
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A helpful country-by-country recap of Clinton's world destruction...
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FASCISM & SELLING-BUYING US PRESIDENCY AT WORLD SCALE
Mrs. Clinton musters foreign support in a desperate attempt the regain her lead.
Here subtitles derived from Marco Perin
article posted on Guardian.org
1-
The
buying-selling democracy by Hillary
2-
The issue fascism
To read this art OPEN
http://nd-hugoadan.blogspot.com/ : FASCISM
& SELLING-BUYING US PRESIDENCY AT WORLD SC...
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ME & WORLD ISSUES
Fed / Economy
- PIMCO: Global Economy About The 3-P’s by Elena Holodny via BI
- Yellen Refutes Trumps Partisan Charges by Nathan Bomey via USA Today
- Economy Overheating Or Stuck via Reuters
- I Trashed The Economy As Fed Head by Mark Gilbert via Bloomberg
- Alan Greenspan Confused Again by Jeffrey Snider via Alhambra Partners
- Negative Rates Aren’t Working by Paul Kupiec & Alex Pollock via RCM
- Evidence Of Brexit Vote by Allister Heath via The Telegraph
- Rules Vs. Discretion by Narayana Kocherlakota via Brookings
- No Hillary, Tax Cuts Don’t Cause Recessions by Thomas Del Beccaro via Forbes
- Yellen May Quit If Trump Wins by Steve Goldstein via MarketWatch
- Is An Economy Reliant On Yellen Worth Saving? by John Tamny via RCM
- Central Banks Double Down On Failure by Stephen Roach via MarketWatch
- The Fed’s Path To Economic Hell via John Mauldin via Forbes
- Half Of Middle Class Lives Paycheck-To-Checkbook by Karol Markowicz via NY Post
Markets
- Passive Investors Unite by Danielle DiMartino-Booth via Money Strong
- 50-Slides For Gold Bulls by Akin Oyedele via BI
- The Ted Spread Isn’t Dead by Jesse Felder via The Felder Report
- October: Worst Month Of Election Year by Jeff Hirsch via Almanac Trader
- Profit Margins Fortell Credit Cycles by Daniel Oliver via Myrmikan Research
- Are Stocks In A “Big Fat Ugly Bubble” by Paul La Monica via CNN Money
- How Charts Make You A Better Investor by Michael Kahn via Barron’s
- Most Interesting Charts by J.C. Parets via AllStarCharts
- Sometimes, Just Do Nothing by Joe Calhoun via Alhambra Partners
- Julian Robertson: This Will End In Chaos by Tyler Durden via ZeroHedge
- A Persistent Profits Recession by Ed Yardeni via Yardeni Research
- Yield Curve. Does It Matter? by The Capital Spectator
- Outflows From Active Funds Surpass Records by Tyler Durden via ZeroHedge
- Fed’s Phony Housing Recovery by Lee Adler via ContraClub
Interesting Reads
- Wells Fargo: A Culture Problem by Bob Bryan via Business Insider
- Stock Charts: How They Work & How To Use Them by Michael Kahn via Barron’s
- 71% Aren’t Saving Enough For Retirement by Rodney Brooks via Washington Post
- 7-Reasons Middle Class Is In Trouble by Sean Williams via USA Today
- ObamaCare’s Death Spiral by Luke Hilgemann via IBD
- The Hot New Millennial Housing Trend by Ilana Strauss via The Atlantic
- The Basket Of Deplorable Investments by Tony Isola
- Yes, Valuations Still Matter by Meb Faber via Faber Research
- Sales Estimates Suggest No Growth by Eric Bush via GaveKal
- Millennials Must Save 22% Of Pay by Darla Mercado via CNBC
- Peak Debt Complacency by Carmen Reinhart via Zerohedge
- Fed: Dope Dealers On Speed-Dial by John Hussman via Hussman Funds
- Trump: We Are In A “Big Fat Ugly Bubble” by David Stockman via Contra Corner
- Stocks Test Post-February Uptrend by Dana Lyons via Tumblr
- Must Watch: Central Bank Independence? by Jesse Felder via The Felder Report
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DEMOCRACY NOW
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Report:
Donald Trump Violated US Embargo on Cuba in 1990s Even as He Called Castro a
Brutal Dictator
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GLOBAL RESEARCH
Brazil’s New President Michel Temer
Confesses The Lies and Fraud Behind the Impeachment, US Press Closes Eyes By Janine Jackson
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Threatening Russia? U.S. Congress Legalizes
Delivery of “Lethal Defensive Weapons” to Ukraine By Eduard Popov,
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U.S.
Airstrikes against Syria: When Is “Direct Military Intervention” Not Direct
Military Intervention? By Jim Naureckas
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THE REAL NEWS NETWORK
The U.S. president's
argument about the undermining of international sovereignty is real, but victims
of attacks would otherwise have almost no other recourse in the face of
state-sponsored terrorism, says international law professor John Quigley
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The liberal
government has failed to demonstrate a commitment to First Nations and climate
change concerns, say Robyn Allan and Louisette Lanteigne
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INFORMATION CLEARING HOUSE
How the US
Armed-up Syrian Jihadists By Alastair Crooke
U.S. Special Forces saw close up how the chaotic U.S. policy
of aiding Syrian jihadists enabled Al Qaeda and ISIS to rip Syria apart
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Syria - The
U.S. Propaganda Shams Now Openly Fail By Moon Of Alabama
Russia is upping its stake in Syria. Additional Russian
SU-24, SU-25 and SU-34 jets are arriving
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Wall
Street: The Trump-China missing link
By Pepe Escobar
The yuan is about to enter the IMF’s basket of reserve
currencies this coming Saturday. This is no less than a geo-economic earthquake
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President
Obama: ‘Patron’ of the Israeli Occupation By Marjorie Cohn
The occupation violates fundamental human rights of the
Palestinians.
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The US
Presidential Debate and the War Plans of the Ruling Class By Patrick Martin
Whoever wins, the people of the United States and the entire
world confront immense dangers
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|
Kaepernick
Forces Americans To Choose Sides
By Matt Peppe
Kaepernick’s bold
statement was infinitely powerful and outsized in its impact. .
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COUNTER PUNCH
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Mike Whitney The
Biggest Heist in Human History
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Jeffrey St. Clair Roaming
Charges: the Sick Blue Line
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Alexander Cockburn The
Man Who Built Clinton World
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John Wight Who
Will Save Us From America?
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Pepe Escobar Afghanistan;
It’s the Heroin, Stupid
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Jeremy Brecher Dakota
Access Pipeline and the Future of American Labor
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John W. Whitehead Uncomfortable
Truths You Won’t Hear From the Presidential Candidates
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Brandon Jordan The
Battle for Mercosur
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Andrew Stewart The
Democratic Plot to Privatize Social Security
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SPUTNIK and RT SHOWS
MILITARY & INTELLIGENCE Threatening ‘Body Bags’: Is
All-Out War Between Russia and the US on its Way? https://sputniknews.com/military/20161001/1045892045/body-bags-war-russia-usa.html
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Nearly Nine in 10 Trump Supporters Believe US Media Skews
Facts – Poll https://sputniknews.com/us/20161001/1045893087/trump-supporters-media.html
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Trump's Election as US President to Be Better for Latin
America - Ecuadorian Leader
https://sputniknews.com/us/20161001/1045893087/trump-supporters-media.html
https://sputniknews.com/us/20161001/1045893087/trump-supporters-media.html
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Russia's Success in Syria Comes as Unexpected Surprise to Its
Western Partners https://sputniknews.com/middleeast/20160930/1045868837/russia-aerial-operation-syria.html
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WASHINGTON BLOG
Posted on September 30, 2016 by
WashingtonsBlog
William
Engdahl recently explained how Washington used the corrupt Brazilian elite, which
answers to Washington, to remove the duly elected President of Brazil, Dilma
Rousseff, for representing the Brazilian people rather than the interests of
Washington. Unable to see through the propaganda of unproven charges,
Brazilians acquiesced in the removal of their protector, thereby providing the
world another example of the impotence of democracy.
Everyone should read Engdahl’s article. He reports
that part of the attack on Rousseff stemmed from Brazil’s economic problems
deliberately created by US credit rating agencies as part of Washington’s
attack to down grade Brazilian debt, which set off an attack on the Brazilian
currency.
Brazil’s financial openness made it an easy target to attack.
One might hope that Vladimir Putin would take note of the cost of “economic
openness.” Putin is a careful and thoughtful leader of Russia, but he is
not an economist. He has confidence in neoliberal Elvira Nabiulina,
Washington’s choice to head the Russian central bank. Nabiulina is unfamiliar
with Modern Monetary Theory, and her commitment to “economic openness” leaves
the Russian economy as exposed as Brazil’s to Washington destabilization.
Nabiuina believes that the assault on the ruble is due to impersonal “global
market forces,” not to Washington’s financial clout.
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NOTICIAS IN SPANISH
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PRESS TV
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