Mond JUL 09 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
Trade Wars, Schmade Wars...
While China had suffered more heading into the actual trade
war, it has outperformed US since.
SEE Chart
The S&P is following a very familiar path...
As Bloomberg reports,
so far the recovery path of the S&P 500 following the selloff that started
in January looks remarkably similar to
the average path following the previous four corrections since 2010,
despite the fact we are in the midst of a trade war. If it continues, the S&P would reach a new high by the
second week of August.
Today's opening ramp was yet another major short-squeeze...
but it ran out of ammo quickly...
See Chart:
Treasury yields were higher on the day...
But remain largely unimpressed
by equity's exuberance at the trade war...
See Chart:
The yield curve erased the post-payrolls drop today with
2s30s limping back above 40bps...
The dollar rebounded during the day, erasing overnight
weakness for the first positive close in 5 days. NOTE that the dollar filled
the gap from Payrolls on Friday then started to fade...
See Chart:
Finally, we note that there’s
a growing divide among gold investors in the U.S. and U.K. as investors
assess British Prime Minister Theresa May’s struggles to gain support for
her Brexit plan. Holdings in the BlackRock iShares Physical Gold
ETC -- listed in London -- climbed on Friday to the highest since its
inception in 2011, while those in New York-listed iShares Gold Trust continued to slip as rising borrowing costs
curb the appeal of non-interest-bearing assets.
See Chart:
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"The result is still a healthy picture but
with more indicators turning less green/more orange. The Goldilocks backdrop of
2017 has continued to fade YTD and the average percentile of macro, markets and
uncertainty indicators has increased..."
In some ways, the
volatility spike of February seems like a distant memory, with the VIX doing
its best to shrink to the lowest double digit range, if not re-enter the sub-10
level that dominated for the latter part of 2017, closing today's torrid
session back under 13. And yet, as discussed
recently, traders have become increasingly jittery in recent months, as one
month after the next some "accident" manages to send the VIX surging
- if only briefly before - it resumes its gentle glidepath on the realization
that the overall health of the market appears to remain stable.
Goldman's Alessio
Rizzi writes, "investors are wondering how
vulnerable the current environment is and which will be the catalysts for
volatility in the coming months."
To answer this
question, Rizzi has updated his global volatility regime heatmap to assess the
drivers of various, often uncorrelated vol regimes. The Goldman analyst finds
that: "the result
is still a healthy picture but with more indicators turning less green/more
orange." More ominously, he also
echoes Gundlach's skepticism and adds that "the Goldilocks backdrop of
2017 has continued to fade YTD and the average percentile of macro, markets and
uncertainty indicators has increased but remains green in aggregate."
One reason for this
is the recent decoupling between the US and the ROW:
While the US
economic momentum remains solid, growth outside the US has weakened. Global
growth measured by our CAI moved from 5.5% in November to 4.3% in June and
leading indicators point to further weakness in the near term. Our economists
see the recent slowdown more as a convergence to trend level rather than an
effect of the trade conflicts.
Meanwhile, one of the
weakest links of the market in 2018, credit spreads, have broadly widened since
February, as a result of political risk from Italy - which put pressure on
sovereign spreads - as well as the M&A related pick
up in supply which first drove wider US IG spreads and - as discussed
last week - has started to weigh on junk bond
spreads as well.
See Chart:
https://www.zerohedge.com/sites/default/files/inline-images/goldman%20vol%20regime.jpg?itok=uHBEdnB4
Ultimately the
arbiter of just how high the vol regime swings will be up one person: Donald Trump, whose ongoing disengagement with the rest of
the world and daily trade war "provocations" on twitter - this
weekend notwithstanding - will ultimately determine what happens next to the
markets, as the Fed increasingly watches from the sidelines...
Finally, here is the heatmap in question:
See Chart:
...
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“We believe in the principle of HIGH WAGEs.”
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US DOMESTIC POLITICS
Seudo democ y
sist duopolico in US is obsolete;
it’s full of frauds & corruption.
Urge cambiarlo
"I know it hurts, but the reality is painfully obvious:
THE USA IS NOW A 3RD WORLD
NATION..."
Here are the core characteristics of dysfunctional but
stable states that benefit the entrenched few at the expense of the many,
i.e. 3rd World nations:
1. Ownership of stocks and
other assets is highly concentrated in entrenched elites. The
average household is disconnected from the stock market and other measures of
wealth; only a thin sliver of households own enough financial/speculative
wealth to make an actual difference in their lives.
2. The infrastructure of the
nation used by the many is poorly maintained and costly to operate as
entrenched elites plunder the funding to pad their payrolls, pensions and
sweetheart/insider contracts.
3. The financial/political elites
have exclusive access to parallel systems of transport, healthcare, education,
etc. The elites avoid trains, subways, lenders,
coach-class air transport, standard healthcare and the rest of the decaying,
dysfunctional systems they own that extract wealth from the debt-serfs.
They fly on
private aircraft, have their own healthcare and legal services, use their
privileges to get their offspring into elite universities and institutions and
have access to elite banking and lending services that are unavailable to their
technocrat lackeys and enforcers.
4. The elites fund lavish
monuments to their own glory disguised as "civic or national pride." These
monuments take the form of stadiums, palatial art museums, immense government
buildings, etc. Meanwhile the rest of the day-to-day infrastructure decays in
various states of dysfunction.
5. There are two classes that
only interact in strictly controlled ways: the wealthy, who live in gated,
guarded communities and who rule all the institutions, public and private, and
the debt-serfs, who are divided into well-paid factotums, technocrat lackeys
and enforcers who serve the interests of the entrenched elites and rest of the
populace who own virtually nothing and have zero power.
The elites make a
PR show of being a commoner only to burnish the absurd illusion that debt-serf
votes actually matter. (They don't.)
6. Cartels and
quasi-monopolies are parasitically extracting the wealth of the nation for
their elite owners and managers. Google: quasi-monopoly. Facebook:
quasi-monopoly. Healthcare: cartel. Banking: cartel. National defense: cartel.
National Security: cartel. Corporate mainstream media: cartel. Higher
education: cartel. Student loans: cartel. I think you get the point: every key
institution or function is controlled by cartels or quasi-monopolies that serve
the interests of the few via parasitic exploitation of the powerless.
7. The elites use the extreme
violence and repressive powers of the government to suppress, marginalize
and/or destroy any dissent. There are two systems of "law": one
for the elites ($10 million penalties for ripping off the public for $10
billion, no personal liability for outright fraud) and one for the
unprotected-unprivileged: "tenners" (10-year prison sentences) for
minor drug infractions, renditions or assassinations (all "legal," of
course) and institutional forces of violence (bust down your door on the rumor
you've got drugs, confiscate your car because we caught you with cash, so you
must be a drug dealer, and so on, in sickening profusion).
8. Dysfunctional institutions
with unlimited power to extract money via junk fees, licensing fees, parking
tickets, penalties, late fees, etc., all without recourse. Mess
with the extractive, parasitic bureaucracy and you'll regret it: there's no
recourse other than another layer of well-paid self-serving functionaries that
would make Kafka weep.
9. The well-paid factotums,
bureaucrats, technocrat lackeys and enforcers who fatten their own skims and
pensions at the expense of the public and slavishly serve the interests of the
entrenched elites embrace the delusion that they're "wealthy" and
"the system is working great." These deluded servants of the
elites will defend the dysfunctional system because it serves their interests
to do so.
The USA is definitively a 3rd
World nation. Read the list above and then try to argue the USA is
not a 3rd World nation. Try arguing against the facts displayed in this chart:
See Chart:
…
I know it hurts, but the reality is painfully obvious:
the USA is now a 3rd World nation.
* * *
My new book Money
and Work Unchained is $9.95 for the Kindle ebook and $20 for the print
edition. Read
the first section for free in PDF format. If you found value in
this content, please join me in seeking solutions by becoming a $1/month patron of
my work via patreon.com.
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Promised pension benefits have blown past any
ability of the state, the economy or taxpayers to pay for them...
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This is not a
lie:
The debt-addicted US consumer is back...
See Chart:
[[ This is not a lie.. this is consumerism or
in tech-Econ- words: neoliberal capitalism ]]
….
See other charts
at:
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"The societal hollowness created by those
pushing the delusion of a materialistic American Dream based on an
ever-growing pyramid of debt has left a society morally deadened,
psychologically damaged, living lives based on deception, and willfully
ignorant of the truth."
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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
ONE CLOWN RESING
while the CIRCUS is still on .. I guess there are much more
"We are truly headed for the status of
colony — and many will struggle to see the economic or political advantages of
that particular arrangement."
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Nothing said on VEN
from US media can be trusted.. specially half truth
"It is by far
the worst hype rinflation suffered
by a Latin American country"
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While some suggest a US-China
war is inevitable, there’s also enormous economic pressure on China and
the US to find common ground. Compared to adversaries of the past 100 years,
economic linkages between the US and China are much larger.
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"Here’s how we found the names and
addresses of soldiers and secret agents using a simple fitness app" -Dutch
journalists
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Trump to meet with Putin only days after
potentially "disunified" NATO summit.
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Below a ridiculous way
of intersecting geo-Econ with
geo-polit.. it only serve to empower the multinational corporate press.. Do
you think that a stinky fart of Trump
will cause Global Reces?
Read this:
The Turkish lira tumbled most since 2016's coup attempt after President
Erdogan named Berat Albayrak, the former minister of energy and his son-in-law,
as Minister of Treasury and Finance.
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IF not a stinky fart
of Trump .. could be a GHOST
The 23% slide in Chinese stocks from 2018 highs
has created widespread investor concern about a potential repeat of the 2015
market dislocation. But is this a credible threat? Here is Goldman's response.
[[ Anyway.. I like these story
tells.. kind of biblical myth..
Gabriel Garcia Marquez recomendaba a los papas que pregunten a sus niños –when watching the NOA ARC- what the Lion is saying to the
dear? Cuando pase la
tormenta te pongo en mi panza, dijo el Leon. El dear respondió: cuando pase la
tormenta salto al rio y como no sabes
nadar te dejo soñando tu “opium dream” or sueño bíblico ]]
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SPUTNIK and RT SHOWS
US
inside GEO-POL n GEO-ECO ..News
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[[ Lula has been forced
to demand ‘ACTIVE ABSTENTION’ in the coming election. There is no other way to respond to “democratic-
fraud” in Brazil. What the Gob is doing is typical OF NEO-FASCISM. The only way to put down a “neo-fascism” regime is requesting ACTIVE ABSTENTION to the nation. It
means that whoever come to power will be illegitimate ruler. So, THE REAL REAL FIGHT FOR POWER START NOW.. The Gob will respond with more violence .. just what is
need to burn fake democracy. Clandestine
brigades will put down the fascist regime in Brazil. LA LUCHA EMPIEZA AHORA Y LA VICTORIA SERA DEL PUEBLO!. ]]
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Too many abuses
committed by ISR against IRAN. Now they
respond: Iranian Revolutionary Guard Corps Commander:
'Islamic Army' Near Golan Heights Ready to Destroy Israel
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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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USA Saqueo
d Irak: NY Times acusado de robar docts esenc
de hist de Irak
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-En Perú la prostit es legal: Estado provee medico par chequeo sem
-Los adolec van de 7-9pm y
saludan al papa si el viene a la otra casa
-En la calle salude una TS y mi madre me preg: Quien es? Es TS dije.
-Es tu amiga? Me pregun. Claro,
mi preferida. Tengo buen gusto?
-Que tiempos estos, concluyo. Las Trab
del Sex son humanas..No?
-En Chile ocurre lo mismo y hay
TS varones para atender a damas y
-Estos danzan 1ro para ofrecer su producto y en casas especiales.
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INFORMATION CLEARING HOUSE
Deep on the US political
crisis, their internal conflicts n chances of WW3
Trump, Crashing the Global Economy By Finian Cunningham Continue
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America’s Addictions - Opioids, Donald Trump,
and War By Engelhardt
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U.S. Oppouse to Breast-Feeding Resolution Must
Read - By A Jacobs
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The USA Is Now a 3rd World Nation By Charles Hugh Smith Continue
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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
CIA-Linked
Military Contractor Used Arizona “Black Site” to Secretly Jail Dozens of
Migrant Children
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PRESS TV
Resume of Global News
described by Iranian observers..
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