Fri
JUL 20 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 debacle today
Anyone else
find it interesting that UST bonds collapse the day after Trump directly slams
China over its manipulation of the currency...
Futures show the chaotic moves
better on the week...
SEE Chart:
FANG stocks faded intraday today...
See Chart:
But NFLX was the big loser, unable
to sustain any bounce above its 50DMA... this was NFLX's worst week since July 2016.
See Chart:
US Bank stocks had a good week but
faded from midweek
See Chart:
VIX closed with a 12 handle on the
week, pushing back lower after testing its 100DMA...
While VIX dropped, SKEW soared
(crash risk)...
See Chart:
Global bonds were plugging along
nicely all week until Trump and The BoJ wrecked it all..
See Chart:
It appears Trumpflation is back as
the 10-year breakeven inflation rate had its biggest daily increase since February.
See Chart:
Treasuries spiked at the longer-end
(chatter of rate-locks also helped)
Dramatically steepening the yield
curve...biggest curve steepening in 5 months.
See Chart:
The 30Y yield jumped 7bps, back above 3.00% - the biggest absolute jump since February...
See Chart:
Before we move on, we note that there was NO CHANGE today in the Fed
Funds Futures implications for Fed Rate Hikes this year and all the weakness in
TSYs was in the long-end (not what one would expect if Trump-related). We
suspect the rate-locks reasoning is more realistic.
And the short-end of the curve
remains inverted (implying rate cuts more likely in 2020 than rate-hikes)...
See Chart:
The Dollar ended the week unchanged
- slammed lower by the last 24 hours of Trump tweets and comments... (biggest
daily drop in the USD in 4 months)
See Chart:
Here's an interesting one - notice
how UST Futs are bid away from, then dumped back down to the sliding Yuan...
See Chart:
Net FX speculative positioning has
reached its longest USD since March 2017 (but note the decoupling from
positioning and the USD)
See Chart:
When will yuan's collapse spread to
US stocks?
With everyone and their cat
complaining about tariffs driving prices Up (or down), we note that Lumber
prices are now unchanged since softwood lumber tariffs were introduced...
And soybean prices are at their lowest since 2008 (having
fallen almost constantly for 5 years)...
Will commodity’s collapse start
spreading to stocks?
See Chart:
Finally, we note that while there is
plenty of potential for more, The Dow is back to its richest relative to Gold
since June 2007...
See Chart:
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"Central
bank policies of QE, NIRP, ZIRP have unquestionably exacerbated the gap between
Wall St & Main St in past decade."
See Chart:
Donald Trump, the BofA strategist writes that "central bank policies of QE, NIRP, ZIRP have
unquestionably exacerbated the gap between Wall St & Main St in past
decade."
Meanwhile, the wealth gap continues and in the latest
quarter the US private sector financial assets are now
5.5x greater than US GDP, an all-time high, with the bulk of said financial
assets held by a tiny fraction of the population.
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
[[ Todo fue un teatro de mal gusto .. and they ‘re
still free to act not in jail ]]
“There’s no big there there."
Lisa Page and Peter
Strzok, the reported FBI lovebirds, are the poster children for the next “Don’t
Text and Investigate” public service ads airing soon at an FBI office near you.
That passage was transmitted on May 19, 2017. “There’s
no big there there,” Strzok texted.
The date of the text long has intrigued investigators: It is two days after Deputy Attorney General Rod
Rosenstein named
special counsel Robert
Mueller to oversee an investigation into alleged collusion
between Trump and the Russia campaign.
This
month, they finally got the chance to ask. Strzok declined to say — but Page, during a closed-door interview with
lawmakers, confirmed in the most pained and contorted way that the message in
fact referred to the quality of the Russia case, according to multiple
eyewitnesses.
The
admission is deeply consequential. It
means Rosenstein unleashed the most awesome powers of a special counsel to
investigate an allegation that the key FBI officials, driving the investigation
for 10 months beforehand, did not think was “there.”
By the time of the text and Mueller’s appointment, the FBI’s
best counterintelligence agents had had plenty of time to dig. They
knowingly used
a dossier funded by Hillary Clinton’s campaign
— which contained uncorroborated
allegations — to persuade the Foreign
Intelligence Surveillance Act (FISA) court to issue a warrant to monitor
Trump campaign adviser Carter Page (no relation to Lisa Page).
They sat on Carter Page’s phones and emails for nearly six
months without getting evidence that would warrant prosecuting him. The
evidence they had gathered was deemed so weak that their boss, then-FBI
Director James Comey, was forced
to admit to Congress after being fired by Trump that the core
allegation remained substantially uncorroborated.
In other words, they
had a big nothing burger.
So, the FBI agents who helped drive the Russia
collusion narrative — as well as Rosenstein’s decision to appoint Mueller —
apparently knew all along that the evidence was going to lead to “nothing” and,
yet, they proceeded because they thought there was still a possibility of
impeachment.
Impeachment is a
political outcome. The only logical conclusion, then, that congressional
investigators can make is that political bias led these agents to press an
investigation forward to achieve the political outcome of impeachment, even
though their professional training told them it had “no big there there.”
And that, by
definition, IS POLITICAL BIAS IN ACTION.
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RELATED:
"As
the media fulminates,
they fail to see how Trump has kept the usual machinery running..."
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We are the ones guilty, not the Russian
"Specifically targeted in
the raid was Dmitry Paison,
the head of the URSC's
research facility"
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At every
turn we are urged to simply believe what we are told.
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The US-led
operations room spearheaded the attack with "suicide bombers and American
anti-tank missiles"
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"The nation's elites are
not just divided...
they're exhibiting signs
of schizophrenic breakdown"
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Italian journalist Stefania Maurizi has worked
with WikiLeaks for nine years on the Podesta emails and other revelations. Here’s an
insider’s view of the publisher that has incensed rulers around the world,
desperate to hide their corruption...
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US-WW ISSUES (Geo Econ, Geo Pol
& global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K- compet. D rest in limbo
[[ disgusting speculation .. Our nation is suffering
effects of world trade.. Just make a deal with Ch ]]
"...no question that the weakening
of the currency creates an unfair advantagefor them...we’re going to
very carefully review whether they have manipulatedthe currency"
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Putin
floated a vote proposal for the contested Donbas region during Trump meeting
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"It seems that everyone is in favor of free trade, as long as it is the other guy who must
compete with foreign products."
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"Predicting
rain doesn’t count. Building arks
does..."
HERE THE READING
FOR THIS WEEKEND
ECONOMY
& FED
- The Bond Market Goes Its Own Way by Caroline Baum via MarketWatch
- Still Haven’t Learned Friedman’s Lessons On Trade by Mark Perry via FEE
- Trump Will Kill The Global Recovery by Nouriel Roubini via Project Syndicate
- Four Questions For Chairman Powell by Norbert Michel via Forbes
- Game Theory & Trumps Trade Strategy by Mohamed El-Erian via Bloomberg
- The Flattening Yield Curve by Neel Kashkari via Medium
- Mass Hysteria by Mike “Mish” Shedlock via TheMaven
- Tax Cut Bill Triggers $437 Billion In Stock Buybacks by Matt Egan via CNN
- Bubble World Is Here by Scott Sumner via The Money Illusion
- Global Population Growth Ceased In 1988 by Chris Hamilton via Econimica Blog
- What If Economic Growth Isn’t A Positive As You Think by Martin Kirk via Fast Company
- How Socialists Misunderstand Poverty by Andrew Moran via LibertyNation.com
- Gallup Shows How Much Americans Really Care About Russia by Tyler Durden via Zerohedge
- How Much Damage Will Trade War Do? by Annie Lowrey via The Atlantic
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MARKETS
- Nomura: We’re Nearing The Pain Point From THE PBOC by Tyler Durden via ZeroHedge
- Cyclically Non-Adjusted Earnings by Eric Cinnamond
- Gartman: A Stunning Rally Is On The Way by Shawn Langlois via MarketWatch
- How To Prepare For A Market Surprise by Jeff Sommer via NYT
- Support Can’t Stop Silver’s Slide by Dana Lyons via The Lyons Share
- Don’t Worry About The Yield Curve by Michael Cannivet via RealClearMarkets
- Rising Energy Prices & Iran by Simon Constable via PJ Media
- Stock Market Sets A Bearish Record by Ryan Vlastelica via MarketWatch
- A 2019 Recession Is The Most Likely Outcome by Paul Kasriel via Financial Sense
- Bull Market Rallies Past One Obstacle After Another by Mark Decambre via MarketWatch
- Fed Is Whistling Past Two Looming Threats by Pedro Da Costa via Business Insider
- A Stealth Bull Market by Jeffrey Saut via Financial Sense
- Warning Signs Are Very Pronounced by Sven Henrich via
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MOST READ
ON RIA
- The Myth Of Buy And Hold Investing – Part VII by L. Roberts, M. Lebowitz & J. Coumarianos
- Is The Fed’s New Yield Curve “Professional Grade/” by Michael Lebowitz
- Quick Take: I Call B.S. by Doug Kass
- A Look At The A/D Line by Lance Roberts
- Do You Have Too Much Stock Exposure by John Coumarianos
- The Data Is In: Tax Cuts & The Failure Of Trickle Down by Lance Roberts
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RESEARCH /
INTERESTING READS
- When Risk Disappears From View by Wolf Richter via Wolf Street
- Three Metrics Of Stock Market Overvaluation by William Baldwin via Forbes
- Why Real Wages Still Aren’t Rising by Jared Bernstein via NYT
- Marks: Warning Of A Late Stage US Economy by Anneken Tappe via MarketWatch
- Pretty Soon You Will Invest Like Ray Dalio by Nir Kaissar via Bloomberg
- Soon There Will Be Only 1-BlockBuster Left by Julia Jacobs via NYT
- The Fallacy That Became A Fallacy Itself by Koen Smets via Medium
- Earnings Growth – A One Trick Pony by Jamie Powell via FT Alphaville
- Gig Economy: Boomers Make 60% More Than Millennials by Patrick Kiger via AARP
- Mind The Trap Door (Understanding Valuations) by John Hussman via Hussman Funds
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
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Schizophrenic paranoia
.. We already lost power.. We’re
begging NATO members to help us
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Pure lies.. what they invent is another case of Schizophrenic
paranoia ..
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RT SHOWS
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Keiser
Report Episode
1256 Max and Stacy discuss
the inevitable death of global trade as ‘bully’ US starts a trade war. Max
interviews Galia Benartzi of Bancor.network about the recent $12-million hack
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NOTICIAS IN SPANISH
Lat Am NEW FOCUS: alternat to neo-fascist regimes, breaks to
HR, Peace & support to US-terrorism
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
Ecuador to Hand Over Assange to UK ‘In Coming
Weeks or Days,’ By RT's
Editor-in Chief
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Russiagate Is Like 9/11, Except It’s Made Of
Pure Narrative By Caitlin
Johnstone
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Russiagate and Black Misleadership By Margaret Kimberley
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Boston Marathon Bombing - The False
Prosecution of Dzhokhkar Tsarnaev
By Paul Craig Roberts
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Trump Is Israel’s “Useful Idiot” By
Philip Giraldi
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DEMOCRACY NOW
Focus on Trump policies & the Econ & Pol crisis he
creates
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Psychologists:
Migrant Parents Reunited with Detained Children Must Brace for Trauma &
Long Recovery
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PRESS TV
Resume of Global News described by Iranian observers..
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If send to US .. groups in Lat Am are organizing retaliation
against both countries
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