APR 13 18 SIT
EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
US n GEO-POL NEWS
SPUTNIK and RT SHOWS
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RELATED
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[[ By Nikki Haley, the US
Ambassador of LIES at the UN ]]
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[[ RU plans to get two birds
in one shoot ]]
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RT SHOWS
The Alex Salmond Show Lord
Wigley sees EU as key to redefin c Welsh quest for self-determ
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
Trump Attacks Syria By HELENE COOPER, MICHAEL SHEAR and BEN
HUBBARD
Trump said Britain and France had joined the United States
in the strikes. -
Continue
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Strike Against Syria Would Be Illegal By International Lawyers
U.S. media, the neoconservatives and Zionists are pushing
for it. - Continue
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Syria 'Chemical Attack' Staged to Provoke US
Airstrike, London Pushed Perpetrators – Russian MoD
Watch Continue
Watch Continue
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The Trump Regime Is Insane By Paul Craig Roberts Continue
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Five Lessons in the History of American
Defeat By Tom Engelhardt Continue
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"We Know They Sent In The CIA To
Overthrow Assad" By Professor
Jeffrey D. Sachs Continue
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When Is Hysteria Treason? Must
read - By Paul Edwards Continue
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COUNTER PUNCH
Focus on US issues
Robert
Fisk Chemical
Weapons Hypocrisy
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The
Hudson Report Does
Trump Know Anything About Trade?
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James
McEnteer Bordering
on Insanity
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Louis
Proyect Chemical
Attacks, False Flags and the Fate of Syria
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
INEFICIEN T ?:
"That’s
obviously a big price increase for an industry
that’s a
little bit doom-and-gloom over tariffs"
Alas, those jobs are gone and will
never return, and NAFTA had little to do with it; those who want to
blame someone, should blame technology, and its
relentlessly deflationary impact: the US is now producing 7.7% more steel than
in March of 1990 with 48,000 fewer workers.
See Chart:
Meanwhile, unrenovated, inefficient
US plants are aging dinosaurs compared to those in China, which invested
massive in modernized plants in recent years, the US didn't. On top of
that, the question of whether or not the government realizes that fixing prices can do more harm than good still seems to
be answered with a resounding no.
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"...
we would expect market pressure to createa meaningful event to change this path over the years
ahead."
See Chart:
See more charts at:
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[[ Here is one part of the
dynamics in the current economic collapse..
]]
"You studied the Flash Crash of 2010 and you know that Quant is another word for wild f***ing guess
with math." - “Mike
‘Wags’ Wagner
My friend Doug Kass made a great point on Wednesday this
week:
“General trading activity is now dominated by
passive strategies (ETFs) and quant strategies and products (risk parity,
volatility trending, etc.).
He’s right, and there is a huge risk
to individual investors embedded in that statement. As JPMorgan noted
previously:
“Quantitative investing based
on computer formulas and trading by machines directly are leaving the
traditional stock picker in the dust and now dominating the equity markets.
While fundamental narratives explaining the price action abound, the majority of equity investors
today don’t buy or sell stocks based on stock specific fundamentals. Fundamental discretionary
traders’ account for only about 10 percent of trading volume in stocks. Passive and quantitative investing
accounts for about 60 percent, more than double the share a decade ago.”
As long as the
algorithms are all trading in a positive direction, there is little to worry
about. But the risk happens when something
breaks. With derivatives, quantitative fund flows, central bank policy and
political developments all contributing to low market volatility, the reversal
of any of those dynamics will be problematic.
There are two other problems currently being dismissed to
support the “bullish bias.”
The first, is that while investors
have been chasing returns in the “can’t lose” market, they
have also been piling on leverage
in order to increase their return. Negative
free cash balances are now at their highest levels in market history.
See Chart:
Yes, margin debt does increase as asset prices rise. However,
just as the “leverage” provides the liquidity to push asset
prices higher, the reverse is also true.
The second
problem, which will be greatly
impacted by the leverage issue, is liquidity of ETF’s
themselves.
The head of the BOE
Mark Carney himself has warned about the risk of ‘disorderly unwinding of portfolios’ due to the
lack of market liquidity.
‘Market adjustments to date have occurred without significant
stress. However, the risk of a
sharp and disorderly reversal remains given the compressed credit and liquidity
risk premia. As a result, market participants need to be mindful of the risks of diminished market
liquidity, asset price discontinuities and contagion across asset markets.’”
When the “robot trading algorithms” begin
to reverse, it will not be a slow
and methodical process but rather a stampede with
little regard to price, valuation or fundamental measures as the exit will
become very narrow.
Importantly, as prices decline it will trigger margin calls
which will induce more indiscriminate selling. The forced redemption cycle will cause
large spreads between the current bid and ask pricing for ETF’s. As
investors are forced to dump positions to meet margin calls, the lack of buyers
will form a vacuum causing rapid price declines which
leave investors helpless on the sidelines watching years of capital
appreciation vanish in moments.
Algo’s were not a predominant part of the market prior to
2008 and, so far, they have behaved themselves by continually “buying the dips.” That
support has kept investors complacent and has built the inherent belief “this time is different.”
But therein lies the “risk
of the robots.”
What happens when
these algo’s reverse course and begin to “SELL THE RALLIES” IN UNISON?
I don’t want to be around to find
out.
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Stories about the death of the bond
market have been circulating since 1992. EVERY ONE OF THEM
HAS BEEN WRONG...
See Chart:
Deflationary
Period Over?
At Mauldin's latest conference, Gavekal's Louis-Vincent Gave
stated “The
deflationary period we’ve been in has come to an end.”
He produced this chart
Conclusion
Important to the long-term investor is the pernicious impact of
exploding debt levels. This
condition will slow economic growth, and the resulting poor economic conditions
will lead to lower inflation and thereby lower long-term interest rates. This suggests that high quality yields may be difficult to
obtain within the next decade. In the shorter run, in accordance with
Friedman’s established theory, the current monetary
deceleration, or restrictive monetary policy, will bring about lower long-term
interest rates.
Other Opinions
Other opinions are easy to find. For
example Bloomberg reports Yield-Inversion
Fear Pits JPMorgan Against Aviva Fund Manager.
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ONE QUESTION
[[ This is a short-ultra short- story tell ]]
I have a simple question:
When is the last time such
overwhelming consensus on a fundamental economic issue ever been right?
I do not rule out an INFLATION SCARE,
just as we had in 2008 when crude spiked to $140.
But When?
YES THIS BOND BULL WILL END. But
when?
Ask James Bond?
Who?
With quite a
conviction, and quite opposite to what the consensus
inflationista thinks…
He said: His Name Is Bond
What?
The Bonds of Neoliberal
untertainty
Other uncertainty?
Yes, you got it: the Fact is that nothing is certain now on ..
Nothing with the exception of the
political-death of Mr. Trump..
He is already a ghost
Our President?
We do not have a President..
a President must
serve the interest of a whole Nation.. he does not.
But we elected?
Yes we do.. he was the lesser evil among two.. the other was
worse.
In two years we’re going to elect a
better one ..
Yes, if T. don’t commit crimes against humanity (WW3) or big felonies
.. if he does, he will be impeached like Nixon or Carter..
or kill as JFK..
Nothing is certain & election- rules don’t grant better
future. We’ve
to abolish the 2 party system that serve the oligarchy, the
billonaires.
They buy elections and commit open frauds. We are not going
in the
direction of building a new Democr. We may need a people’
Revol...
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US POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
“A short
time ago, I ordered the United States
Armed Forces to launch precision strikes on targets associated with the
chemical weapons capabilities of Syrian dictator, Bashar al-Assad.”
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"...the Deep State has taken the Donald hostage,
and with ball-and-chain finality. Whatever pre-election
predilection he had to challenge the Warfare State has apparently been
completely liquidated."
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“This whole idea that all of a sudden Assad’s gassing his own people,
I think, is total nonsense...”
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"Given
Comey's and Brennan's obvious hatred for @RealDonaldTrump it is no surprise
they misused the agencies they ran to target him" - Tom Fitton
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THE MED IS ABOUT TO GET EVEN
MORE CROWDED...
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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
"A pre-designed scenario is
being implemented. Again, we are being threatened. We warned that such actions
will not be left without consequences."
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"We
have irrefutable evidence that this was another staged event, and that the
secret services of a certain state that is now at the forefront of a
Russophobic campaign was involved in this staged event."
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Are Russian oligarchs selling swissy and buying bitcoin?
In fact the weakness has been going on since Davos in
February...
See Chart:
So who
is selling swiss francs?
See Chart:
IS RUSO-PHOBIA BASED ON DELUSIONS?
“The Swiss franc is driven predominantly by
capital flows for now and Russia sanctions included Swiss companies where
Russians are invested,” said Manuel Oliveri, a currency strategist
at Credit Agricole SA, citing Sulzer AG as an example.
“Increased need for liquidity by Russians, and
no appetite for leaving cash in Switzerland, is changing the franc’s
correlation with risk sentiment,” he said, adding
market speculation on this issue was hard to confirm.
As a side point, as Swissy sank this
week, the market capitalization of The Swiss National Bank has collapsed by
over 25%...
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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PRESS TV
Global situation described by Iranian observers..
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