MAY 4 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
RELATED 1
RELATED 2
RELATED 3
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Amid reports coming
from Syrian Democratic Forces (SDF) about the
growing French military presence in the area of Manbij
in Syria, Sputnik has received a photo providing further evidence for
the report.
Sputnik has received a photo showing two armored vehicles
with military personnel in the area of the Sajur River
in the territory of Manbij. One vehicle has a
US flag on it, while the other has a French flag.
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[[ VS. self terror-act coordinated
with Saudis to control Oil in Iraq.. Why
a plane full of Saudis get out US after
9/11 attack… Why the 7 tower was
demolished from inside?. Now Saudis-paid lies on Iran ]]
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
-Cuales los obreros no controlados por mafias
imperiales?
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VS
-Dos torturadoras de Irakis
confesaron tener acto sexual con su víctima y hoy están libres
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-Votaria
por su esposa Nadin Heredia: mujer con visión pol que si pisaría a la Keiko
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Tuvimos terrorist y los derrotamos :Sendero y
Puka Yacta, similar al ISIS y al-Nusra
Pero la CIA podría aliarlos y
traerlos a Perú, Col y Ven. Hay que
estar alerta.
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
The War On Iran Has Begun. Russia Must End It By Dan Glazebrook Continue
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Hassan Nasrallah: Israel Has Come Into Direct
Confrontation With Iran Video and Transcript
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Israel undeclared Nuclear weapons. And undeclared biological and chemical
capabilities
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COUNTER PUNCH
Focus on US issues
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
"...forebodingly
those three episodes each culminated in an absolute price decline in excess of
50% for the high-flying sector and underperformance relative to the S&P 500
of roughly 30%."
See Chart:
….
SOURCE: https://www.zerohedge.com/news/2018-05-04/faangs-swallow-record-amount-nasdaq-goldman-issues-warning
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Silver
investors have been schizophrenic the
last two weeks...
See shart:
Dramatically outperforming Gold...
See Chart:
And don't forget, Specs are notably
divergent in their Gold vs Silver positioning...
See Chart:
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"All of these products
were born of central bankers with no self-control , individuals who’ve long since demonstrated that they are lacking in
common sense. The fact is, they’ve gorged together and fed each other’s risky markets in concert. Now
comes the time for the real discovery, the revelation of the feedback
mechanisms that will infect each other’s markets and economies."
Quantitative
Pleasing Goes Global
By all accounts, the collective balance sheet growth is
expected to continue through next summer. But that’s only half the story, which
would leave Paul Harvey flat. It’s equally important to know the pace of the growth.
And that peaked in March 2017.
See Chart:
Can You Pass Along the Price Hikes or Will You Have
to Borrow to Cover the Tab?
While there is little doubt
we’ve got a three-alarm inflation scare on our hands, what is less apparent is
what firms’ coping mechanisms will be. Will they
succeed in passing along these price hikes or will cash flows suffer to the
extent they need to take on debt to pay their bills?
See Chart:
Got Dollars? Borrowing in Dollars Is the Rage
Outside Our Borders
This is not a revelation in any
way. But holistic matters when it comes to connectivity. The BIS worries that
non-bank borrowers outside the U.S. have an equivalent amount of off-balance
sheet dollar obligations in the form of FX forwards and currency swaps. Add it up and you arrive at double the dollar-denominated
debt outstanding, or around $22 trillion. It’s starting to sound like real
money and, purely coincidentally, equals the sum total of global central bank
balance sheets.
See Chart:
Meanwhile,
leveraged loan covenants, or better stated, the absence of them, are a shared
joke among underwriters the same way toxic subprime mortgages were the last go
around. And any frontier issuer that can substantiate a
physical border can float a sovereign issue. These are accidents we know full
well are waiting to happen.
As for the unknown, look no further than the vast universe
of “investment grade” U.S. corporate bonds. This supposed safe haven is
littered with tomorrow’s calamities, angels that will tumble from the heavens.
All of these products
were born of central bankers with no self-control, individuals who’ve long
since demonstrated that they are lacking in common sense. The fact is, they’ve
gorged together and fed each other’s risky markets in concert. Now comes the
time for the real discovery, the revelation of the feedback mechanisms that
will infect each other’s markets and economies.
Dollar flows and
dollar-denominated debt are global phenomena … But
we’ve clearly forgotten that it is economic conflict that precedes
geopolitical upsets, not the other way around, hence the red herring
of most perma-bulls’ contentions that geopolitics is the only thing that can
derail markets.
In late April, Dick Jenrette
passed away at the age of 89. This excerpt from his Wall Street Journal
obituary is particularly fitting to the subject at hand: “His advice to crisis managers was to make a plan and ignore
the critics. He often quoted a proverb: ‘The dog
barks but the caravan moves on.’”
No hyperbole. Pure observation. Refreshingly simple and elegant.
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“Three simple rules – pay
less, diversify more, and be contrarian –
will serve
almost everyone well...”
Over
the last several weeks, a majority of U.S. companies have divulged their
earnings. The vast majority have been their downwardly revised estimates for
the first quarter with bottom line earnings per share growing at more than 18%
on an annualized basis.
Yet, the market has failed to
respond. Even stocks that have crushed earnings by a wide margin have failed to
hold onto their gains in many cases like Boeing (BA).
See Chart:
https://www.zerohedge.com/sites/default/files/inline-images/BA-Stockprice-050218_0.png?itok=6NCwPRPN
Just a reminder…the “second half of the
year” begins next month.
Stepping
back we can see this direction-less trading range more clearly.
See Chart:
With estimates through the end of 2019 still at
astronomically high levels, the“Herculean task” of actually
achieving those lofty levels will be quite challenging. In just the past month (between
April 1st and April 30th) the estimated earnings per share for 2019
has risen by more than $8 per share.
See Chart:
Of course, estimates will be
revised lower, which will raise forward valuations, and investors will have to
start adjusting overly optimistic expectations for reality. Furthermore,
as we head into 2019, the year-over-year growth rates comparisons are going to
fall markedly.
Let’s check
the WEEKEND READING LIST.
Economy & Fed
- Economy In
Better Shape Than You Think by Jonathon Trugman via NY Post
- Trump Is
Taking Economics Back To The 1800’s by Simon Constable via Forbes
- Economic
Factors Causing Millennials To Swing Right by
IBD
- Democrat’s
Economic Populism by Reihan Salam via The Atlantic
- As Fed Grows
More Hawkish, Yield Curve Flattens by Edward Harrison via Credit Writedowns
- 7-Indicators
Hint Recession Nowhere To Be Found by Brian Sozzi via TheStreet.com
- How Is That
Tax Cut Working Out? by Paul Krugman via NYT
- Tax Cut
Investment Boom Yet To Appear by Matt Phillips & Jim Tankersley via NYT
- “Vanderpump Rules” & The State Of
The Economy by Maureen Callahan via NY Post
- What Trump
Gets Right About China & Trade by Simon Lester via CNBC
- What
Previously Sustained The Economy Is Melting Away by David Lynch via Washington Post
- 10-Years
After 2008, The Problems Still Remain by Nicole Gelinas via City Journal
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Markets
- Goldman:
Economic Momentum Slows Most Since 2011 by Tyler Durden via ZeroHedge
- As Good As It
Gets For Market Rally by Caroline Baum via MarketWatch
- Wall Street
Is Sleeping Walking Past 3-Big Risks by Pedro Da Costa via Business Insider
- What Could
Threaten The Bull Market by Jed Graham via IBD
- The Data Has
Spoken – Buy Stocks by J C Parets via All-Star Charts
- Markets
Unimpressed By Best Earnings In 24-Years by Mark DeCambre via MarketWatch
- The Bull And
Bear Case For Stocks by
Upfina
- Change In
Bond Yields, Not Levels Is What Matters by Sunny Oh via MarketWatch
- Midterm Mays
Have Been Bad For Stocks by Ryan Vlastelica via MarketWatch
- Time To Buy
Long-Term Treasuries by Erik Swarts via Market Anthropology
- Fears Of Bond
Bears Are Misplaced by Joe Calhoun via RCM
- Is Value
About To Start Outperforming Again? by Barron’s
- Not All Value
Is Created Equal by Nick Maggiulli via Dollars and Data
- Sell In…May
Be Sound Advice by Dana Lyons via Tumblr
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Most Read On RIA
- Bull Markets
Actually Do Die Of Old Age by Lance Roberts
- Bullish Hopes
Vs. Bearish Signals by Lance Roberts
- Employment
Without Rose Colored Glasses by Michael Lebowitz
- Everyone Is
On The Same Side Of The Boat by Lance Roberts
- How’s Your
Bond Fund Doing by John Coumarianos
- A Market
Without Leadership by Doug Kass
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Research / Interesting Reads
- Mortgage
Rates Jump To Highest Levels Since 2011 by Wolf Richter via Wolf Street
- The
“Handmaid’s Tale” In Reverse by Chelsea Follett via Foundation For Economic Education
- Tesla’s
Financial Shenanigans Comes Home To Roost by Jerry Bowyer via Vident Financial
- Debt-Enabled
Bubble Crashing Into Demographics by Danielle Park via JugglingDynamite.com
- Cash Is Once
Again King by Dan Weil via Wealth Management
- Jenrette’s
24-Rules For Success by Katia Porzecanski via Bloomberg
- 10 Lessons
From The Weimer Republic by Harold James via Project Syndicate
- The Last Man
Who Knew Everything by Matthew Walther via The Week
- Peak Quality? by Albert Bridge Capital
- Debt, Loans
& Credit Quality: Devil In The Details by Frank Martin, CFA
- Gender Pay
Gap? Not In The Corner Office by Andrew Ross Sorkin via NYT
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US POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"This is ridiculous. What an asinine idea... Bernie
Sanders may be a socialist, but the
United States of America is not a socialist country... We don’t want
jobs just so people work. The goal
is the production – that is the product of those jobs."
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"It may be too late. The
president of the United States is now a veritable autocrat in the realm of
foreign policy. He has been since
at least 1945, when the last congressionally declared war finally ended..."
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YOU CAN SEE WHERE THIS MUELLER THING IS GOING...
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All in the
name of safety, of course.
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The bomber
will be deployed at the Whiteman Air Force Base in Missouri, the Ellsworth Air Force Base in South Dakota and the Dyess Air
Force Base inTexas...
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Hawaii's
Mount Kilauea volcano has erupted, sending ash into the sky and spewing
fountains of lava in a residential area which has been captured on stunning
drone footage.
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Electromagnetic Pulse effects EMP
"Not much, is the short
answer. While nuclear weapons are destructive enough to level
entire cities, the resultant EMP from one would likely be its most devastating effect..."
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Even before the GOP killed Obamacare's individual mandateback in December as part of their tax-reform plan, the number of Americans going without health
insurance had been rising...
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"As the summer persists and if nothing’s been resolved, it will start showing up as a pretty
big hole in U.S. exports."
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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
"I understand the concerns of some countries in
relation the Iranian influence in other countries of the region..."
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Another US
shadow war in the Middle East expands while Congress yawns.
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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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Viet
Thanh Nguyen & Ariel Dorfman on the Vietnam War, How Hollywood Reframes
U.S. Imperialism & More
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PRESS TV
Global situation described by Iranian observers..
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