JUN 8 18 SIT
EC y POL
ND denounce
Global-neoliberal debacle y propone State-Social + Capit-compet in Econ
- Trump vows to 'straighten out' G7 trade ahead of tense meeting (Reuters)
- With Kim, Trump trusts his gut over note cards (Reuters)
- First Argentina, Then Turkey, Brazil. Now South Africa Reels (BBG)
- These Are the Dealmakers Behind Trump and Kim (BBG)
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ZERO HEDGE ECONOMICS
Neoliberal
globalization is over. Financiers know it, they documented with graphics
"We see this divergence as
significant
and leads us to favor de-risking
strategies in equities..."
Over the past month,
US Investment Grade credit has steadily underperformed
its corresponding equities, punctuated by a significant credit widening
yesterday. Despite CDX IG 5Y widening
3bps yesterday afternoon to 67bps, there was little SPX reaction and only a
modest rise in the VIX.
See Chart
And it's not just US
markets.
While
there has been a similar divergence in credit and equity in Europe (exhibit
below), the divergence is less notable in our opinion because European equity
has traded down on an absolute basis.
See Chart:
This
suggests European equity investors are already focused on the risk and the
debate is about magnitude rather than direction. US equity investors are, in contrast, bidding
up stocks despite this growing international concern.
Simply put, there is a higher potential for
equity investors to recognize European issues as a threat to global growth than
for US credit investors to shrug off European risks as irrelevant for US
companies.
…
Source: https://www.zerohedge.com/news/2018-06-08/goldman-urges-de-risking-strategies-stocks-credit-tumbles
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[[ Big Corp don’t swallow easily their lethal
poison .. A FACT prevail: neoliberalism is
dying ]]
"...even though the SPX tape was
‘unch',the violence being felt on the buyside was powerful...distress in the
formerly ultra-crowded Emerging Markets could be 'spilling-over'..."
BOTTOM LINE—it looked like a quant “gross-down” event, potentially
“triggered” by the EM stress “spill-over.”
See Chart:
"What happened yesterday was alarming, and further underscores for
me how ephemeral the nominal liquidity is becoming..." -- RJ O'Brien's John Brady, on Thursday's
treasury squeeze.]
However,
the “constant” has been Emerging Market stress. EM “vol
events” are a “fact of nature” in Fed tightening cycles. One month ago it
was Argentina, then Turkey (both ongoing)…most recently yesterday, the failed
interventions in Brazil escalated the already precarious state-of-affairs
within the country, while this morning it seems the EM selling has become more
indiscriminate, with ZAR, INR, PLN, RUB, KRW, MXN, HUF showing the
“bleed.” This is
classic carry-trade unwind, with massive inflows over the prior multi-year
“suppressed vol” regime finding very “skinny exits” on the way out.
See Chart: Emerging Markets FX
Is it possible that
some of this “butterfly flapping its wings” distress in
formerly ultra-crowded Emerging Markets could be “spilling-over”—say at
a Multi-Strat fund—into more liquid strategies
like Equities Quant? Without question the stress is nowhere close to the level seen during the most-famous
example of this occurring back in Aug ’07, but the “tremors” and flow-through
are definitely reminiscent.
See Chart:
…
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"It's Just Like 1998": Why One Bank
Is Haunted By Visions Of Credit Tremors Bursting The Tech Bubble
"Haven’t we seen this movie before?Technology takes over the stock
market late in a recovery cycle, seemingly making the bull ageless, stimulating
investor greed bolstered daily by watching a chosen few (FANGs) rise to new
heights, and convincing many that tech is really a defensive investment" -
Jim Paulsen
See Chart:
…
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US DOMESTIC POLITICS
Seudo democ y
sist duopolico in US is obsolete;
it’s full of frauds & corruption.
Urge cambiarlo
President Trump is once again showing voters how he doesn't need the
cooperation of Congress to achieve his core campaign promises.
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[[ Not only anti-Asian.. he is also anti-Latino ]]
“I’m not sure if the mayor is a
racist,...
but this policy is certainly
discriminatory.”
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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
Is Trump is saying
something and do the opposite?
"Whether you like it or not, and it may not be politically correct,
we have a world to run and in the G-7, which used to be the G-8, they threw
Russia out they should let Russia come back in cause we should have Russia at
the negotiating table."
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"Escorting [a head of state] with jets is
one of the highest security protocols that the air force can
provide," a
South Korean source told SCMP.
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Venezuelans’ interest in buying Bitcoin
has increased significantly over the last three months...
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SPUTNIK
and RT SHOWS
US inside
GEO-POL n GEO-ECO ..News
President Donald
Trump criticized Canadian Prime Minister Justin Trudeau for being so angry
about the new US tariffs and accused Canada of hurting American dairy farmers.
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The summit will
officially start Friday in the Canadian province of Quebec and run until
Saturday. US President Trump is expected to leave the summit early to fly to
Singapore, skipping the climate session. Russia announced its permanent
withdrawal from the G8 in 2017; the group was thereafter renamed the G7.
RELATED:
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Still this
clintonian stupidities? they are losers
. We need new Elect rules with 3rd Opt & Prop Reprt
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[[ Our patriarchal West is full of hypocrisy ]]
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[[ Sex is best relax for people under stress.. no question about.. hands
& good food after helps a lot]]
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[[ Ger, Spain & England are now best among
whites .. Now the time is back to dark colors ]]
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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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INFORMATION
CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
Trump’s Tariffs Teach
Europe a Lesson, Putin says By
Anton Troianovski Continue
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U.S.-Saudi Pressure
On Jordan Opens The Way For Iran By
Moon Of Alabama Continue
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‘Great March of
Return’ has Exposed Israel’s Brutality and Apartheid By Kevin Squires
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In Case You Missed It
The Real Story of How Israel Was Created By Alison Weir Continue
The Real Story of How Israel Was Created By Alison Weir Continue
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Shame Must Belong To
All Of Us By Dan Rather Continue
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Weapons Of Mass
Deception - “The Media On Trial” - Peter Ford Video and Transcript
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Appeasement as Global
Policy By James Petras
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COUNTER
PUNCH
Focus on US issues
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Pete
Dolack Hiding
the Real Number of Unemployed
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Ralph
Nader Slogan
Voters – The Road to Political Masochism
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Graham
Peebles Inequality
Social Dysfunction and Misery
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Brandy
Baker Breaking
Away From the Democrats
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars:
its profiteers US-NATO
Malfeasance
of US Military: Fallible and Negligent Men Armed to the Teeth with Missiles and
Nuclear Bombs By Helen Caldicott
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Peace,
Social Justice, The Struggle against War and Militarism: Upholding Black
Radical Internationalism By Black
Alliance for Peace
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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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Israeli
Military Pushes Misleading Video in Attempt to Smear Slain Palestinian Medic
Razan al-Najjar
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PRESS TV
Global situation
described by Iranian observers..
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