FEB 8 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
Global situation:
"The sell-off across asset
classes is like a tough drill that will leave it in a stronger position to cope
with the real battle ahead - the
reversal of QE."
See Chart:
https://www.zerohedge.com/sites/default/files/inline-images/TD%20invest%20movement.jpg?itok=ksWefpmx
And traders are unwinding positions
at a time when liquidity is still abundant -- the big three central banks are, on a
collective basis, still expanding their balance sheets. Contraction probably
won’t begin until October at the earliest, when
the European Central Bank could end its asset purchases.
So even though the sell-off in stocks and bonds in recent
weeks will end up being painful for many, it will build up some scar tissue for
the far more serious challenge to come: coping with higher borrowing costs as the unprecedented balance-sheet unwind
begins in earnest, removing a backstop for markets that’s been there for a
decade now.
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SERIOUSLY...
See chart:
Did the bond yield spike spook
stocks? Or was it simply pure manipulation into the bell?
See Chart:
…
Source: https://www.zerohedge.com/news/2018-02-08/dow-dumps-200-points-pre-market-melt-highs-xiv-sinks
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Having been down over 1% overnight, US equity futures are
all back in the green now, going vertical in the last few minutes as the dollar and bond yields suddenly slump...
See Chart:
And this is happening as Bond yields
and the dollar suddenly drop...
See chart:
Notably 10Y hit 2.87% this morning and did not trigger the selling in stocks that we have seen over
the last week.
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With the
great equity volquake come and - for now - gone, what one indicator should traders watch to decide if a new market shock
is imminent? According to Bank of America, here is the answer...
Goldman's new head
quant wrote overnight, the bank's clients
had just one recurring question in recent days: "do i have to worry about another volatility
spike."
While Goldman answered in
the context of the vol complex, where things have
certainly eased down substantially since the record Vega prints from last week...
Chart 1 Potential VIX
ETP
... there is another, potentially
far more violent storm brewing, and it has little to do with equities.
In a note from BofA's X-asset
hedging team published overnight, the bank's strategist Jason Galazidis writes that while the muted
cross-asset risk shows the equity shock was largely technical, there is one
indicator that may confirm it is not only returning, but IS SET TO SPREAD TO
ALL ASSET CLASSES. (Equities, rates, FX and commodities)
Here is BofA's framing of the narrative that has been on
everyone's lips for the past two days.
The
sell-off in global equities and in particular US large-caps precipitated an
unprecedented jump in S&P implied vol. Notably, the 8% decline in the S&P from late Jan to 6-Feb has
already registered as the 10th largest drawdown since 2006. As an
indication of how concentrated the shock was to US large caps, S&P puts
were by far the best performer and are now the most
expensive hedge across the 34 assets in our screen (Chart 1). We would
not expect this to persist as markets calm.
SEE Chart: Cross asset tail
hedging screen
To be sure, cross asset vols and credit spreads have not
been immune to the repricing of equity risk, but as we pointed out over the
past few days, these reactions have so far been less severe: meanwhile, global equity volatility is currently well above long-term
median levels for the first time since the Nov-16 US elections.
Table 1 X-ASSET VOLS & CREDITR SPREAD
We
continue to believe that watching rates vol is particularly important to gauge
the potential for this to escalate further.
If BofA is right, this may be a problem, because as the following chart
of X-asset vols for all 4 main asset classes (Equities, rates, FX and
commodities) shows, WHILE EQUITY VOL IS DECLINING,
RATES VOL IS CREEPING STEADILY HIGHER.
See Chart at the source below What
is the point of blocking it?.. Just hide the truth? : 1
day Stupidity
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The past week has seen US equities
spooked as 10Y yields spike above 2.85%... 10Y yields
just lurched even higher, near cycle highs...
See Chart:
The past week has seen US equities
spooked as 10Y yields spike above 2.85%..
10Y yields just lurched even higher,
near cycle highs...
See Chart:
As a reminder, the 'good' news of a budget deal and no
government shutdown, means higher deficits and more Treasury supply, and with The Fed out of the bond-buying game, the search for the
marginal buyer continues to push rates higher.
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POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"The emails and documents I intercepted during 2010 made clear
that Rosatom’s purchase of Uranium One – for both its Kazakh and American
assets – was part of Russia’s geopolitical strategy to gain leverage in global
energy markets"
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Nancy Pelosi vowed, during an
unprecedented eight-hour speech yesterday, to oppose the bill unless Speaker Paul Ryan agrees to open debate on an immigration bill - something he has so far been reluctant to do...
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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
The second
Greek bond offering since the country's 3rd bailout, which was marketed with a
3.75% yield, just priced at 3.5% and was sized at €3 billion. It was more than
2x oversubscried.
Incidentally, with the Greek 10Y trading at 3.786%, it is now less than 90bps away from the US 10Y Treasury at
2.878%, and at this rate, it is likely that the two may cross in the next few
months.
See chart:
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Traders have honed in on is the
following language from the statement, in which the BOE raised its growth
forecast and said that the monetary policy may "need to be tightened somewhat earlier and by a
somewhat greater extent over the forecast period."
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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Black
Lives Matter Activist Muhiyidin d’Baha, Who Grabbed Confederate Flag, Shot Dead
in New Orleans
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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Political
Insanity and the Nuclear Posture Review: Washington Threatens America and the
World By Dr. Paul Craig Roberts
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
What
Next? US Bans All Russian Nukes? By Finian Cunningham
In my view “surrender” comes
after the 1st & the automatic ‘double’ counter
attack
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'Bringing
Humankind Closer to Annihilation' By Jon Queally
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U.S.
Considers “Bloody Nose” Strike On North Korea By Peter Symonds
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If
There’s a War in Korea, Blame Trump By Mike Whitney
What we should do iS ORGANIZE A HUGE
PEACE-NATIONAL MOVEMENT
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COUNTER PUNCH
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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars
uncovered ..
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RELATED:
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Russian
Athletes to Watch at the Olympics Naked sabotage in Sports!
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Soon the bear will smack badly on US:
3-Election interference: Russian
Presidential Sobchak [ Trump-ed In the US ] : She has a number of meetings scheduled with US
authorities and is expected to participate in the US Annual National Prayer
Breakfast on Thursday. US Presid Donald Trump is set to deliver an address at
the event.
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French
Def Budget Prop Suggests Yearly $1,7 Bln Increase in 2019-2022 criminal hysteria spread
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RT SHOWS
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Keiser Report Episode
1186 Max
and Stacy discuss ‘human Ubers’ for the busy executives and young men who ‘look
too poor’ to dress well getting ‘undressed’ by cops in the Netherlands.
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
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“La
historia es una paradoja andante.
La
contradicción le mueve las piernas.
Quizá
por eso sus silencios dicen más que sus palabras y
con
frecuencia sus palabras revelan, mintiendo, la verdad”.
Eduardo
Galeano
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Keiser Report "¿Qué demonios está
pasando?"
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Rafael Correa lanza un programa
televisivo en RT Ojala no ataque la Unidad de su
pueblo ni de LA
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¿Trolea a su esposo?: Melania Trump
sigue a Barack Obama en Twitter Why not? Por que no?
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Cangrejos hembra que se clonan sin
necesidad de machos amenazan con 'colonizar' el mundo Estos si parecen ser creados por los
dioses del Oriente Medio (Je-Is-Chr) .. esos dioses son
asexuados no? .. La desgracia es que fuimos mentalmente colonizados por esa
mitología teista. Aun son mayoría en el planeta tierra .. Poco a poco va
entrando luz a esas cavernas del pensamiento humano. Es ya un hecho
indetenible la “descolonización”
religiosa. Estos cangrejos jamás podrían re-colonizar el mundo!
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PRESS
TV
Global situation described by Iranian observers..
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