FEB 26 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
US Economic Situation today : Notice
that Charts said diff story on “bonanza”
Russell
2000 and Nasdaq Vols are back below the start of February levels...
See Chart:
HY Credit spreads slipped lower
again today but remain notably elevated on the month..
See Chart:
Remember when rising rates were a
bad thing for stocks?
See Chart:
Financial conditions continues to
ease dramatically back towards record lows (as The Fed prepares for 4 or 5 or
6... rate hikes this year).
See chart: the best
The Dollar was sold in Asia but
bought back in a hurry in Europe to scrape out a green close... barely..
See chart:
…
Source: https://www.zerohedge.com/news/2018-02-26/stocks-bonds-bitcoin-dollar-gold-rise-housing-collapses
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Real situation in Short lines:
"...the bell has tolled
for the best of the bear market in longer-duration bonds...
We like the long end."
Morgan Stanley who proclaim in their latest report that "the bell has tolled for the best of the bear
market in longer-duration bonds...We like the long end." [And adds:]
Amid record speculative short
positions across the Treasury complex...
See chart:
The chart below shows the
3-quarter-ahead consensus forecast for 10y Treasury yields over the past decade
alongside 10y yields themselves.
See Chart:
Morgan Stanley concludes: "WE DON'T FEEL
COMPELLED TO JOIN THAT CROWD YET."
…
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"... it’s important to remember that the money–GDP correlation is
merely a byproduct of a lending–GDP correlation. Bank lending, not money, is the driving force... economists built
a discipline (mainstream macro) on a false premise so significant it can’t be
corrected without starting over..."
There’s a Leak in
This Old Economy
Needless to say, M63
feeds into the alternative inflation theory, but it’s not the only input.
Let’s complete the theory by adding other inputs, and
the next one also drops from the circular flow. It accounts for exports and
imports, which I’ve added to the flow in the chart below (leaving out bank
loans this time to keep it simple):
See Chart:
The chart shows exports boosting the income accruing to
domestic producers (at the bottom), whereas imports have the opposite effect of
channeling business to foreigners at domestic producers’ expense (at the top).
Pretty basic, right? Maybe not especially interesting? In fact, foreign trade becomes interesting within
the circular flow only when exports and imports fail to balance, as in the
United States. Because of America’s trade imbalance, her circular flow doesn’t
self-replenish, as shown in the next chart:
See chart:
…
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Global
stocks have sprinted out of the gate in what right now is a sea of green, and
S&P futures are currently at session highs, up 12 points or 0.4% as the dollar
resumbles its plunge, sliding for a 3rd day as 10Y yield remain firmly below
2.90%.
See chart:
….
Source: https://www.zerohedge.com/news/2018-02-26/global-stocks-sp-futures-surge-dollar-resumes-plunge
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Pillonaires borrow money .. and the FED cover the lost. “Y el muerto siguió muriendo”: CesarVallejo. Yo diría que –por respeto
al Cristianismo que profesamos- HAY QUE ENTERRAR el
neoliberalism. God doesn’t bless simulacro,
ordena cortarles la cabeza. Para algo deben servir los
amigos de “al Nustra”.
Moments ago, speaking on CNBC, and echoing one of the main
points from the annual Berkshire letter, Warren Buffett said that "it's crazy to borrow money to
buy stocks." There is just one problem with
that statemenet...
According to the Federal Reserve’s
flow of funds data, non-financial corporates
have repurchased a net US$3.9 trillion worth of US equities since 2009.
By contrast, households and institutions (insurers and
pension funds) have sold a net US$672 billion and US$1.2 trillion respectively
over the same period, while mutual funds and ETFs have
bought a net US$1.6 trillion.
See chart:
….
Of course, none of this would be a problem if companies
simply used organic cash flow to repurchase shares: after
all it is up to a company, and its shareholders, to decide how to allocate
capital in the most shareholder-friendly way.
There is just one rub: as the
following chart from SocGen - which we won't tired of showing - demonstrates, virtually every single dollar use for buybacks not only since
the financial crisis, but this century has come from... borrowing money.
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POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"I will kill
any tax legislation that benefits Delta... Corporations cannot attack conservatives and
expect us not to fight back."
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The past
eight years of massive liquidity and low rates have not helped deleverage, and
many companies have used this period to increase
imbalances and create complex debt structures...
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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
"It’s
clear that U.S. policy in Syria is to make
life as miserable as possible for both Russia and the Syrian people..."
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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
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars
uncovered ..
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
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Keiser Report "Los terroristas de nuestra
era"
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PRESS TV
Global situation described by Iranian observers..
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