JUN 6 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
THE US Economic
collapse’ process:
Everything is awesome again...
The S&P 500's dip negative
around 11ET (right around the European Close) was met with a wall of buying,
until Europe actually closed at 1130 then stocks went sideways. until around
1400ET (after Trump's NAFTA comments), US equities were panic-bid... Even
Trannies gained despite oil's weakness... The Dow (breaking above 25k) led the
markets today (thanks to BA, GS, and UNH)
See Chart:
VIX tumbled to an 11 handle...
See Chart:
For the first
time since Feb 1st, RVX/VIX (Russell 2000 VIX / S&P 500 VIX) ratio rose
above 1.2 - the 85-day stretch below that level
is the longest in history...
See Chart:
And the yield curve steepened a
little more...back to Memorial Day levels...
See Chart:
The Dollar Index tumbled early on
but once again found support...
See Chart:
The Gold/Silver ratio tumbled today
to its lowest since Feb 1st
See Chart:
And silver's relative outperformance
of oil has sent the ratio notably lower..
See Chart:
But while The Dow hits 3-month
highs, once again, the SMART money ain't buying it...
See Chart:
….
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"We're going to get a synchronized
global dynamic, but it won't be 'growth' and stability, it will be DeGrowth and instability..."
RELATED 1:
In terms of Stockman:
"THERE ARE SOME HUGE
SURPRISES LURKING OUT THERE..."
…
RELATED 2: More clearly.. or..
buen sarcasmo
The only
question: why did Trump not tweet about this in advance?
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"US high yield debt has grown
larger and riskier since the financial crisis. The combination of lower
ratings and covenant-lite lending points to the next downturn being longer and having lower recoveries with
over $500 billion of defaults likely. "
Whilst the timing of
a downturn in high yield debt isn’t predictable, the outcomes when it does
happen are. More debt, of lower quality, with
weaker covenants means the coming downturn will be bigger, longer and uglier. A
quick review of some key data makes this clear.
Firstly, the
size of the US high yield bond market and leveraged loan market are both close
to double what they were in 2007.
See Chart:
Not only is the debt outstanding larger, but the credit
ratings have shifted downwards on leveraged loans. Lower credit
ratings mean a higher percentage of the outstanding
debt will default when liquidity dries up.
See Chart:
The other key
indicator to watch is the share of the loan market that has weak covenants.
In 2007, 17% of outstanding loans were covenant-lite. Today
it’s over
75% with over 80% of new issuance lacking decent covenant protections.
Weak covenants delay the occurrence of an event of
default, which allows zombie companies
to continue operating until they either exhaust their cash reserves or cannot
refinance maturing debt.
See Charts:
Interest
coverage ratios are also benefitting from two deviances from historical levels. Libor has been low but is now on an upward path. For
companies that have hedged, either via interest rate swaps or by issuing fixed
rate debt, their protection will last for a time. For
those with floating rate debt and no interest rate swaps their interest
coverage ratios will generally have started to fall already due to higher
Libor.
See Chart:
Conclusion
US high yield debt has grown larger and riskier since the
financial crisis. The combination of lower ratings and covenant-lite
lending points to the next
downturn being longer and having lower recoveries with over $500 billion of defaults likely. Investors are currently
receiving minimal spread over historical average loss levels making the status
quo an unattractive position. Switching to cash, de-risking portfolios or
changing sectors are all legitimate ways to reposition portfolios with a view
to reinvesting at lower prices in the medium term.
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SOURCE: https://www.zerohedge.com/news/2018-06-06/coming-high-yield-downturn-will-be-big-long-and-ugly
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
BLAME IT ON
THE OLD PEOPLE.
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As
the global war on cash continues to accelerate,
outspoken libertarian Ron Paul summarizes the effort to eliminate cash perfectly - as an “attack on individual freedom.”
Watch the complete interview, which includes an extensive
discussion of economic issues and the Federal Reserve,
here:
So we know how is
hurt by the cashless society, consider
now who is gaining from this war on cash.
The banks,
of course, are charging as many fees as they can think
of. More importantly, your cash card
leaves a wide data trail detailing your buying preferences, used by merchants
and advertisers to entice you into more buying. How convenient. These
thoughtful companies even offer reward points every time you use the card. Cash
offers the ultimate in privacy. Your cash card might as well be a walking
billboard.
The government, of course, is extremely interested in your spending habits. The taxing authorities use an electronic money trail
to monitor your spending and ensure against tax evasion. In addition, cards
save the government the cost and trouble of printing and storing additional
currency.
Your
electronic purchase trail is nirvana to large corporations. Knowing your spending habits allows them to customize
their ads to an ever-larger consumer base. They know what you need before you
do and are ready to entice you with specials, sales and “act now” deals.
….
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US-WW ISSUES (World & War): M-East .. plus
Global depression is on…China, RU, Iran search for State
socialis+K- compet. D rest in limbo
"By attributing the
trade-related news flow to the performance of the US market, we estimated the
impact on US equities to be negative 4.5%... this translates into $1.25T of value destruction for US companies."
See Chart:
….
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The US is
set to fine Google for abusing its dominance
through its
Android operating system.
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“The world
is on fire. Wherever you look you have conflicts. Now you are lacking
leadership and this is why autocrats have a more easy game to play.”
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“Citibank got paid...
The policy is to recover the gold..."
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"The problem since 2008 is
that politicians keep calling it a recovery when it’s not. That can only
make things worse, sowing further mistrust and even, as recent events have
shown, the very real possibility of total political breakdown. Brazil is not some extreme outlier, it is
merely ahead of the curve."
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Stupid blackmail:
...nations
must make sure “Iran and its proxies are not exploiting your companies to support their nefarious activities.”
[[ Meaning: US don’t want
allies.. Perfectly fine: US big Corp deserve to go a la merda solos ]]
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..News
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
Posible..
solo que tendría que ser FED con Estados Indep y sin Capit Jerusalen
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COL Ent a Alejandra Gaviria, del grupo
H.I.J.O.S: afectados por viol polític
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PAL -BRAVO: se suspendió partido en Jerusalen.. Es el 1er
gol de Messi
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Que es que
no es el socialism?. Lo respondió el MRS de A.Quijano
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“Si se
espera un milagro.. nos quedaremos sin país” dijo
Carolina
Hay
dos historia diferentes, la de Albani es una. Yo admiro L kurdas
Pero K merce
se aliaron L US, Saudis e ISR contra Syria, Iran
y Turcos
Hay posib de pacto
con K si se negocia ataque al US-Saudis e Israel.
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Se necesitaba mujeres de cojones pues a los hombres los castro el
imperio
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Mourinho ES PREDECIBLE… EL
MUNDIAL NO.. Hubo y Habra siempre sorpresas
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
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Israeli
Apartheid Exposed
Knesset Council Bans Bill To Define Israel As State For All Its Citizens By J Lis Continue
Knesset Council Bans Bill To Define Israel As State For All Its Citizens By J Lis Continue
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UN Calls on US to “Immediately Halt” Policy
of Detaining Migrant Children By Jessica Corbett
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COUNTER PUNCH
Focus on US issues
Chris
Wright The
Stupefying Mediocrity of Barack Obama
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W. T.
Whitney Fallout
from Colombia’s New Association with NATO
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Serge
Halimi Trump’s EU
Doormats
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars: its profiteers US-NATO
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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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