OCT 16 17 SIT EC y POL
ND denuncia debacle d Globaliz neoliberal y
propone State-Social + Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal
globalization is over. Financiers know it, they documented with graphics
"Throughout human history, those in the ruling class have found
various ways to force those under them to work for their economic
benefit. But in our day and age, we are
willingly enslaving ourselves..."
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Probably nothing...?
…
The last two times the spread between 30Y and 5Y Treasury bonds was
below 90bps, the US economy entered
recession... And the 2s10s curve
is tumbling too - to its flattest since the crisis...
But, but, but, how can a recession be coming with stocks are
record highs?
…
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El pez cae por su boca .. many of the “ record highs” ARE FALSE: they
buy their own feces
What spooked the market was Trump
reprising Hillary circa "summer of 2015", when moments ago the
president said that "prescription drug prices are out of control." This was enough for the headline scanning algos to immediately send the IBB, XBI and the
S&P healthcare index tumbling, wiping out the day's gains.
....
RELATED:
YES.. They never sell.
They buy and buy their own shit.. and sell the appearance of bonanza
"... if you really
believe any of the rubbish above, we suggest you take two aspirins and lie down
for a couple of hours. For we firmly believe that the
longer the market continues it gravity defying rally, the more severe the
eventual downturn will be."
….
It’s the cascade of unintended
consequences that cause moments to spiral into doubt and panics to deepen into
crashes – surprise and a desperate scramble to front run the consequences!
At this point, I’ll think I’ll give over the porridge to my
colleague Steve Previs, who wrote
this morning:
“The
equity market has sucked in over $300 billion so far in 2017. And that’s just
money that has gone into ETFs and passive index funds.
And everything, at the moment, its just great for investors as the market
keeps going up. And the more the market goes up, the more confident
investors become. Why heck, the market might
just keep going up because there is no other place to put your money. Why would
anyone want to sell?
You see, you probably don’t know
this, but this time, it really is different! Forget about human nature. The
algos, AI and the machines have taken over. They have been programmed to buy and buy and
buy. And they will never sell.
So
stocks can only go up, never down. This is the new
paradigm so you better get used to it and hop on board this runaway
express train that’s headed straight for Moneyville!
Ahem……if
you really believe any of the rubbish above, we suggest you take two aspirins
and lie down for a couple of hours. For we firmly believe that the longer the
market continues it gravity defying rally, the more severe the eventual
downturn will be.”
Steve goes on to predict another bubble
that is “the size and amount of bets against volatility.”
Steve goes on to
predict another no-see-em unknown unknown – the bubble that is “the size and amount of bets against volatility.” He and others reckon the amount of money shorting
vol through various approaches and instruments is ultimately going to spell
trouble in line with 1987 and subsequent crashes.
…
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"We were tracking exponential moves in the equity
market. The main one was the equity move in the 1920s, and the market in 1987
looked almost identical. The week before Black Monday, the technical and fundamentals
aligned, and so we thought Monday
would be the day..."
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It is happening this Monday:
as NEW ORDERS PLUNGE.. it is the great
start of the debacle: THE GLOBAL RECESSION
Beating
expectations by 5 standard deviations, respondents to the Empire Fed's Manufacturing Survey have not been
more exuberant about America since Oct 2009.
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"This dynamic has yet to fully play out, but it will. Whatever you think of Trump, his election
isn't the problem; it's merely a symptom of
much deeper forces that will sweep our corrupt and rotten-to-the-core status
quo into the dustbin of history."
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Econ depends on mental balance … What stupid dystopia!
Successful trading depends on a delicate
balancing act between confidence and fear. If you stray off the path, it’s best
to take a few minutes to get your bearings before rushing headlong again.
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Nordstrom shares are tumbling in the pre-open (down
over 5% to 3-month lows) as the company temporarily suspends its explorations for going-private, citing "difficulties
in obtaining debt financing."
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Having traded near sessions highs most of the morning session, sterling suddenly tumbled (even if Gilts refused to move) following
a Bloomberg report that the UK is said to see Brexit
breakdown if the EU refuses to compromise
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"What the industry has not done anywhere near enough is to put money
back into exploration... it does really matter what the gold price will
do in the next few years: Production is coming off and that means the upward pressure on the gold
price could be very intense..."
[[ This sentence has been modified a little bit
in order to adjust it to the content of the art.]]
…
Pierre Lassonde, chairman of
Franco-Nevada, expects production in the gold mining
sector to decline significantly and foresees a price push for the yellow metal.
[[ Is
this the man who run the Buenaventura-Gold
business in Cajamarca-Peru? ]]
Few people have achieved more success in the
mining business than Pierre Lassonde. The savvy Canadian is the co-founder
and chairman of Toronto based Franco-Nevada (FNV 99.91 -0.94%) and pioneered
the royalty business model in the gold mining sector based on the model used in
the oil-and-gas industry. For investors this strategy
has paid off golden returns. Today however, Mr. Lassonde points
out that the gold industry hasn’t made any large
discoveries for years which will put heavy upward pressure on prices in the
years to come. He also thinks that US President Donald Trump is good for
the yellow metal and that investors will fare better
with gold than with stocks.
Here part of the
interview:
Qt: Mr. Lassonde, after a few difficult years gold seems to get its shine
back. What’s next for the gold price?
Right now, there is more demand
for paper gold than for physical gold. For instance, when you
look at the refineries in Switzerland they will tell you that they’ve got the
bouillon but they’re not busy.
Answer: When Trump
was elected, my prediction was that he was going to tie up the US
administration in a knot .. but he’s totally unpredictable. Nobody knows where
he’s going and you cannot run a country that way.
Qt : And what does this have to do with gold? Anyone else in the Oval Office would not
make such outlandish statements as Mr. Trump makes. (investors will fare better with gold than with stocks.) Gold is
benefiting from that.
Answer: After the US
election, my prediction was that the dollar was going to suffer from Mr.
Trump being in office. The price of gold is
intimately related to the dollar. Gold is essentially the »anti-dollar»:
If the dollar is strong, gold is weak and if the dollar is weak, gold is
strong. So what we are seeing now is exactly what I have expected: a
lower dollar and therefore a stronger gold price.
Qt: So where do you think
the gold will go from here?
Answer: My
view has been between $1250 to $1350 per ounce for this year and then slightly
ramping up next year to around $1300 to $1400. But for gold to get into the
next real bull market we need signs of inflation. So far we haven’t
seen them. The Federal Reserve and other central banks have piled up
huge reserves. But
there is no inflation because the money is sitting within the banks and they
are not lending it. Therefore, you don’t get a multiplier effect. But what happened recently in the US – the
one-two punch with respect to the hurricanes »Irma» and »Harvey» – is going to
require an enormous amount of reconstruction. This
could finally move the needle on inflation. Also, Europe is
doing much better. So at some point I
suspect we are going to see inflation start to pick up a little bit.
Qt: What does this mean for the mining industry?
Answer: First of all, at a gold price of $1300 the
industry by and large is doing well. I tell my peers: »If you are not making
money at $1300 you should not be in this business.» So
it’s a good price and you should be making good money.
But the industry has had to shrink a lot. When the gold price dropped to
$1000 at the end of 2015 everybody in the business was too fat. So the industry
laid people off, consolidated, shrunk and many junior companies have been wiped
out.
…
Continue reading at: http://www.zerohedge.com/news/2017-10-16/we-dont-know-how-replace-vast-gold-deposits-past
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
Latest news on politics worldwide:
- Iraq-Kurd Fighting Threatens to Undo Anti-ISIS Coalition (WSJ)
- Oil rises as fighting escalates in Iraq's oil-rich Kirkuk (Reuters)
- Madrid moves towards direct rule over Catalonia (Reuters)
- Central Bankers Cling to Stimulus Amid Weak Inflation (WSJ)
- White House pitches corporate tax cut as win for workers (Reuters)
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WORLD ISSUES and M-East
Global depression is
on…China, RU, Iran search for State socialis+K- compet. D rest in limbo
WARS will aggravate the Econ problem worldwide :
World stocks and commodities rose on Monday, boosted
by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as
escalating tensions between the Iraqi government and Kurdish forces threatened
supply.
Global markets digested the large amount of weekend news flow, and
clearly liked what they saw as S&P futures were modestly in the green, as
both European and Asian stocks are higher.
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Israel launched air strikes against a Syrian
air defense battery near the capital Damascus after an alleged
missile was fired at Israeli jets from Syrian territory. The incident was the latest "retaliatory" attack by Israel against the Syrian
government.
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A unit
of U.S. special forces tasked with carrying out "decapitation"
operations is aboard a nuclear-powered submarine that has been deployed to the massive joint
US-South Korea naval drills which started today, according to South Korea's
Yonhap.
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Amid confusion over
whether the massive Saudi Aramco IPO is on
hold until 2019, or permanently shelved in favor of a private placement, Reuters
suggests the latter is
now more likely as 'sources familiar with the matter' say China is offering to buy up to 5 percent of Aramco directly (offering the Saudis the lack of transparency
they may have been nervous of with a public placing).
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DEMOCRACY NOW
US politics crisis:
Trump captured by Deep state to reproduce old cronyism without alter-plan
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GLOBAL RESEARCH
Global Econ-Pol
crisis leads to more business-wars:
profiteers US-NATO under screen
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INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
Trump Shoots the US in the Foot Over Iran By Eric Margolis
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Free Passage Deal For ISIS In Raqqa - U.S.
Denies Involvement - Video Proves It Lies
By Moon Of Alabama
By Moon Of Alabama
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The Courage of the Syrian Arab Army and
Allies against US Backed Terrorism
By Dr Bouthaina Shaaban
By Dr Bouthaina Shaaban
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How Netanyahu Pulls Trump’s Strings By Robert Parry
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The Unraveling of American/Russian Relations By Paul Craig Roberts
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On ‘Independence’: Catalonia, Kurdistan,
North Korea and Latin America
By Andre Vltchek and Alessandro Bianchi
By Andre Vltchek and Alessandro Bianchi
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COUNTER PUNCH
Jan Oberg Trump
is Moving Toward War With Iran
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Ted Rall Imagine
a Brand-New USA
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered ..
Si se agrava el conflicto.. van a
faltar cárceles
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Her garbage is beyond insult: Hillary
Calls Alleged Russian Interference in
Election ‘Cyber 9/11’
Related:
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Trump is getting ready for PEACE
.. in Orwellian language:
1-
2-
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WAR IS DECLARED..
Dimona explosion could be next..
1-
2-
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
Triunfo contundente del civismo y la polÃtica
en Ven Aram Aharonian
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Documental
Especial: A la caza del Che
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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