FEB 7 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
- Volatility Inc.: Inside Wall Street’s $8 Billion Bomb (BBG)
- Wall Street set to fall again after Tuesday's recovery (Reuters)
- Congress Seeking Bigger Budget Deal While Avoiding Shutdown (BBG)
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
Thanks to a short-squeezing XIV, The Dow is
up 300 points and has broken back above its 50-day moving-average. At
the same time VIX is getting monkey-hammered lower,
nearing 20 once again...
The Dow
is up 300 points and has broken back above its 50-day moving-average.
See chart
Stocks
remain lower on the week though..
See Chart
At the
same VIX is getting monkey-hammered lower, nearing 20 once again...
See Chart
…
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"this wasn't that big of a bump in the stock
market" and " is not a big story for central bankers
yet..."
SEE chart:
Not blocked because
of LIES convenience from Govt: the truth
create panic. SO: Reality has to be hide &
controlled but if IGNORANCE IS STRENGTH we are at the end of current history.. Orwell’s thought
…
Source:
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See here the dynamic
of the CRASH:
Total U.S.
inventories grew the most since early September, but
the big story is that U.S.crude output hit a record high of 10.25 million
bpd, surpassing both the monthly high set in Nov 1970, and Saudi Arabia's
latest production.
SEE Chart:
As
Bloomberg's Julian Lee notes, that huge jump in
crude production is not the result of a sudden burst of drilling. More likely
it is the correction we expected after the earlier release of monthly data for
November that showed production was already above 10 million barrels a day
three months ago.
U.S. crude
output hits a record high of 10.25 million bpd, surpassing both the monthly
high set in Nov 1970, and Saudi Arabia's latest production.
See chart:
The
reaction in WTI/RBOB was swift...
See Chart:
Sending
WTI/RBOB lower for the 4th day in a row to one-month lows...
See chart:
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"Does the volatility-decoupling indicate
that the
FX markets are lagging the equity markets so that
investors should turn even more negative on risk-correlated and commodity
currencies?"
See chart:
At the source of
this article
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"To Buy, or not to buy the dip", that is the question
traders ask this morning across the world.
See chart:
Understandably, attention is
squarely focused on the VIX, which is elevated and remains glued to 30 where it
was at the Tuesday close, not providing much clarity in terms of direction.
See Chart:
Asian stocks: The broad Asian
weakness was especially evident in Korea, which saw the Kospi open at the
highs, only to fade all day and close at session lows.
See Chart:
Over in FX, it has been another day of choppy price action
for the major currencies, and yet the ranges remain tighter compared to other
asset classes, as they remain buffered and - so far - immune to the stock
turbulence. The dollar picked up as U.S. futures
pointed to a lower open and Treasury yields fell, while VIX rebounded.
See Chart:
World Market Snapshot
- S&P 500 futures down 0.6% to 2,673.00
- STOXX Europe 600 up 0.8% to 375.85
- MSCI Asia Pacific up 0.2% to 173.46
- MSCI Asia Pacific ex Japan down 0.1% to 567.73
- Nikkei up 0.2% to 21,645.37
- Topix up 0.4% to 1,749.91
- Hang Seng Index down 0.9% to 30,323.20
- Shanghai Composite down 1.8% to 3,309.26
- Sensex unchanged at 34,196.75
- Australia S&P/ASX 200 up 0.8% to 5,876.81
- Kospi down 2.3% to 2,396.56
- German 10Y yield rose 0.2 bps to 0.694%
- Euro down 0.2% to $1.2359
- Italian 10Y yield fell 3.7 bps to 1.72%
- Spanish 10Y yield fell 5.2 bps to 1.374%
- Brent Futures up 0.07% to $66.91/bbl
- Gold spot up 0.4% to $1,329.84
- U.S. DOLLAR INDEX UP 0.2% TO 89.73
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It was Janet Yellen’s parting gift
to Trump. As she walked out the door of the Fed for the last time, surrounded
by the media, she politely posed the question: "Don’t you think stocks look overvalued?"
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Following reassuring words from US
securities regulators yesterday, Bitcoin has extended
its rebound back above $8500 (from below $6000), shrugging off Goldman Sachs' latest report questioning cryptocurrencies'
long-term existence.
See Chart:
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"Trading
volumes in these products have soared. The tail didn’t just wag the dog, it became
the dog..."
See Chart:
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"...the corporate sector’s
animal spirits may soon give way to primal fear: the market rally is already running out of steam, and Trump’s honeymoon with investors might be
coming to an end..."
See Chart: Honeymoon is over –blocked
to print
See it in the source of this Art:
President Donald Trump’s inconsistent, erratic, and destructive
policies will take a heavy toll on domestic and global economic growth in the
long run.
Yet the corporate sector’s animal spirits may soon give way
to primal fear: the market rally is already running out of steam, and Trump’s
honeymoon with investors might
be coming to an end.
THERE
ARE SEVERAL REASONS FOR THIS.
FIRST For starters, the anticipation of fiscal stimulus may have pushed stock
prices up, but it also led to higher long-term interest rates, which hurts
capital spending and interest-sensitive sectors such as real estate.
Meanwhile, a strengthening dollar BUXX,
-0.09% would destroy more of the jobs typically held by Trump’s
blue-collar base. The president may have “saved” 1,000 jobs in Indiana by
bullying and cajoling the air-conditioner manufacturer Carrier; but the U.S.
dollar’s appreciation could destroy almost 400,000 manufacturing jobs over
time.
Moreover, Trump’s
fiscal-stimulus package might end up being much larger than the market’s current pricing suggests. As
Presidents Ronald Reagan and George W. Bush showed, Republicans can rarely
resist the temptation to cut corporate, income, and other taxes, even when they
have no way to make up for the lost revenue and no desire to cut spending. If this happens again under Trump, fiscal deficits will push
up interest rates and the dollar even further, and hurt the economy in the long
term.
A SECOND reason for investors to curb their enthusiasm is the specter of inflation. With the U.S. economy already close to full employment, Trump’s
fiscal stimulus will fuel inflation more than it does growth. Inflation will then force the Federal Reserve to hike up
interest rates sooner and faster than it otherwise would have done, which will drive up long-term interest rates and the value
of the dollar still more.
THIRD, this undesirable policy mix of excessively
loose fiscal policy and tight monetary policy will tighten financial
conditions, hurting blue-collar workers’
incomes and employment prospects. An already protectionist Trump
administration will then have to pursue additional protectionist measures to
maintain these workers’ support, thereby further hampering economic growth and
diminishing corporate profits.
If Trump takes his protectionism too far, he will
undoubtedly spark trade wars. America’s trading
partners will have little choice but to respond to U.S. import restrictions by
imposing their own tariffs on U.S. exports. The ensuing tit-for-tat will
hinder global economic growth, and damage economies and markets everywhere.
It is worth remembering how America’s 1930 Smoot-Hawley
Tariff Act triggered global trade wars that exacerbated the Great Depression.
FOURTH, Trump’s actions suggest that his
administration’s economic interventionism will go beyond traditional
protectionism. Trump has already shown his willingness to target
firms’ foreign operations with the threat of import levies, public accusations
of price gouging, and immigration restrictions (which make it harder to attract
talent).
The Nobel
laureate economist Edmund S. Phelps has described Trump’s direct interference in
the corporate sector as reminiscent of corporatist Nazi Germany and Fascist Italy.
Indeed, if former President Barack Obama had treated the corporate sector in
the way that Trump has, he would have been smeared as a communist; but for some reason when Trump does it, corporate America
puts its tail between its legs.
FIFTH, Trump is questioning U.S. alliances,
cozying up to American rivals such as Russia, and antagonizing important global
powers such as China. His erratic foreign policies are spooking world
leaders, multinational corporations, and global markets generally.
FINALLY, Trump may pursue damage-control methods
that only make matters worse. For example, he and his advisers
have already made verbal pronouncements intended to weaken the dollar. But talk
is cheap, and open-mouth operations have only a temporary effect on the currency.
This means
that Trump might take a more radical and heterodox approach. During the
campaign, he bashed the Fed for being too dovish, and creating a “false
economy.” And yet he may now be tempted to appoint new members to the Fed Board
who are even more dovish, and less independent, in order to boost credit to the
private sector.
If that fails, Trump could
unilaterally intervene to weaken the dollar, or impose capital controls to
limit dollar-strengthening capital inflows. Markets are already becoming wary;
full-blown panic is likely if protectionism and reckless, politicized monetary
policy precipitate trade, currency, and capital-control wars.
TO BE SURE, expectations of stimulus,
lower taxes, and deregulation could still boost the economy and the market’s
performance in the short term.
But, as the vacillation in financial markets indicates, the president’s inconsistent, erratic, and destructive
policies will take their toll on domestic and global economic growth in the
long run.
….
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THIS IS
YOUR 'MARKET' AMERICA...
The
rejuvenated Inverse VIX ETF, XIV, which
will drip lower to its termination value of $4.22 on Feb 20th, continues to drive US equity
markets...
See Chart: US Cash OPEN
(XIV upper pane, Dow lower pane)
Not the economy. Not earnings. Not taxes. Not The Fed. Not
Trump. Not infrastructure.
…
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POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"...potus wants to know everything we’re
doing.... figure I need to brush
up on Watergate..."
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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
"What surprises us very much...the U.S. Treasury purposely pushes down the dollar and wants to keep it low..."
See Chart:
Pushing the Dollar Index back above
Mnuchin Masscare highs...
See Chart:
….
Source: https://www.zerohedge.com/news/2018-02-07/eurusd-tumbles-after-ecb-accuses-us-manipulating-currency
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" The best thing the US could do under these circumstances would
be to pull out of
Syria, focus on diplomacy, and just give peace a chance."
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Merkel's conservatives make big
concessions to SPD in coalition deal (Reuters) vs :
"Tired
but happy," SPD leaders said in a message to party members. “We have an
agreement! Finally.”
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Los BANCOS
caen pero Bloomberg insiste en que no vamos al CRASH global
Deutsche
stock is tumbling, down 4.1% on Wednesday, sliding to the lowest level since
November 2016, amid speculation that its largest shareholders, China's HNA
Group conglomerate is in technical default on a peer-to-peer wealth management
product..
See chart
….
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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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COUNTER PUNCH
Robert
Dodge Trump’s
Nuclear Doctrine Resumes Cold War
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Charles
Pierson Wanted:
Homicidal Maniac for US Ambassador to Seoul
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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars
uncovered ..
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VIDEO: Mahmoud Haj Ismail, the militant who claims
to have shot down the Russian Su-25 close air support aircraft.
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Don’t play nasty
with China.. they can hit US bombers by mistake too
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This will be
contested by big NATION demonstrations in favor of PEACE across the US
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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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ONU Todavía la necesitamos? ¿Tiene futuro la
UNESCO? Max Anderson
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Fácil: salir al Pacifico y Atlántico con el tren que una BRA, BOL,
PE y Chile
NO
wars, NO flags. El Proy inicial 1980s fue la carretera Tras-Atlantica que
PE
y BRA iniciaron y se puede reiniciar. China puede financiar ambos proy
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"Soy bella porque lo sé":
El inspirador ejemplo de la modelo con vitíligo que derribó los cánones "Al principio, ni siquiera
sabía qué era el vitíligo; mientras crecía descubrí que
para mí no es un problema en absoluto. Me encanta, me hace única, me hace lo
que soy" Es importante “que los
demás vean que no hay ningún
problema con la belleza que es diferente".
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PRESS TV
Global situation described by Iranian observers..
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THE NATION WILL PREPARE A HUGH PARA
FOR PEACE
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We behaving BAD..
ASHAME of US!..
We’re inspiring fascist worldwide and now this.. Horrible!
It is sad and repulsive at the same
time.
LET’S THEM –both Koreas- BE UNITED.. then we will be real Americans
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