Sund JUL 01 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
“...abandoned, scammed, website
dead, no nodes, wallet issues, no social updates, low volume or developers have walked away from the
project.”
Read Source and NOTES:
More than a thousand of crypto projects
are “already dead” as of June 30, 2018,
according to a recent TechCrunch report.
The news outlet has based its claim on data from two websites: COINOPSY and DEADCOINS.
NOTE:
According
to Coinopsy’s list, there are 247 “dead” coins as of press time. These include the notorious Bitconnect that
was shut
down in January 2018 and is described by the website as “the most
successful ponzi-scheme in crypto so far.”
DeadCoins
similarly has a 830-item long list of “dead” cryptocurrencies. Among them is the recent Titanium Blockchain
Infrastructure Services initial coin offering (ICO) that
was shut downby
the U.S. Securities and Exchange Commission (SEC) for fraudulent practices.
According
to Coinopsy’s list, there are 247 “dead” coins as of press time. These
include the notorious Bitconnect that
was shut
down in January 2018 and is described by the website as “the most
successful ponzi-scheme in crypto so far.”
DeadCoins
similarly has a 830-item long list of “dead” cryptocurrencies. Among them is the recent Titanium Blockchain
Infrastructure Services initial coin offering (ICO) that
was shut downby
the U.S. Securities and Exchange Commission (SEC) for fraudulent practices.
….
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"The more Trump wins, the
more the left makes collectivist jackasses out of themselves. Keep on
winning, Mr. President."
See Nice picture & comments at:
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"The peripheral crisis
will keep moving towards the core unless stopped by massive central bank
ease. But - given the rising inflation now being reported - central banks won’t switch back to massive
ease unless the peripheral crisis moves much closer to the core (or
something else equally terrifying happens first)."
THERE ARE
SEVERAL DEFINITIONS OF INFLATION.
In the US the thing most people
think of as inflation is the consumer price index, or CPI, which is now running
comfortably above the Fed’s target. But the Fed prefers the personal
consumption expenditures (PCE) price index, which tends to paint a less
inflationary picture. And within the PCE universe, core PCE,
which strips out energy and food, is the data series that actually motivates
Fed action.
And that, at long last, is now above
the 2% target, having risen
2.3% in the past year.
On the following chart, the core PCE is the blue line. Note the steepening slope towards mid-year. This is clearly a trend with some momentum which, if it continues, will take this index from slightly above target to substantially above.
On the following chart, the core PCE is the blue line. Note the steepening slope towards mid-year. This is clearly a trend with some momentum which, if it continues, will take this index from slightly above target to substantially above.
See Chart:
A more surprising above-target
reading just came from Germany, which didn’t used to have inflation of any
kind. But now it does:
See Chart:
Again,
note the pop over the last couple of months. If this is sustained, the European
Central Bank will have to speed up its leisurely tightening pace. Right now it’s scaling back its
bond-buying but not signaling higher rates – which will definitely have to be
on the menu if German inflation stays above 2%.
Emerging
Market Crisis
But there’s a tricky dynamic now in play: Higher interest
rates and rising currencies in the core of the global financial system cause
trouble on the periphery, which then boomerangs right back to the core. Already, since the US Fed began raising rates and the dollar
started rising in response, the effects have been dramatic: In just the past
quarter:
- The DXY index, which tracks the US dollar against other major currencies, rose 5%.
- The Argentine peso and Brazilian real fell 30% and 14%, respectively.
- The Turkish lira and South African rand each fell nearly 14% versus the dollar.
- A bunch of Asian emerging market currencies fell 3% – 6%.
- Europe’s emerging markets weren’t spared. The Hungarian forint (-10.0%), Polish zloty (- 9%), and Czech koruna (-8%) led a long list of EU peripheral currency losers.
- China’s stock indexes fell by double-digit percentages in the quarter, though that might have more to do the incipient trade war than relative inflation and interest rates.
- Asian junk bond spreads (their yields versus those of high-grade bonds) widened dramatically.
- Emerging market bank stocks got crushed, including Banco do Brasil (-30%), Banco Bradesco (- 30%), and Brazil’s Ibovespa stock index, down 27% in U.S. dollars.
- Last but definitely not least scary, US and European bank stocks fell hard last week, which isn’t surprising since they’re on the hook for untold amounts of the aforementioned emerging market securities and currencies.
Now, all of this might blow over in
coming months the way so many other mini-crises have since the beginning of the
Great Monetary Experiment in 2009. But if central banks keep tightening
in the face of all this carnage, it might blow up instead of over.
Put another way, stopping the current slide towards financial chaos might require a quick
about-face by major central banks towards lower
rather than higher interest rates, expanding rather than contracting balance
sheets, etc.
THE RESOLUTION OR
LACK THEREOF WON’T BE LONG IN COMING.
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"The near-term outlook for US duration is less certain given
stronger forward guidance from the ECB and rising trade tensions."
See Chart:
Meanwhile, other investors are also showing skepticism about the
prospect of higher U.S. yields in the near term. JPMorgan’s latest
survey of Treasury clients showed a 6 percentage point drop in the number of
respondents reporting short positions in the week ended June 25. These
participants aren’t ready to bet on a market reversal, however, as the
proportion with long positions remained unchanged.
The market
itself remains skeptical that the bond "bear market" is officially
over, and despite some short covering among speculators, the short net spec
position among Treasury futures contracts remains just shy of all time highs...
SEE Chart :
... while
ultra long specs are about as bearish as they have ever been.
SEE Chart :
….
SOURCE:
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"If a hawkish Fed or an escalation of trade tensions put further
upward pressure on the dollar, market risks emanating from China make 2018 look
even more like 2015"
See Chart:
….
See
other charts at:
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
SNOWDEN
SLAMS "CORRUPT" RUSSIAN GOVERNMENT AMID RUMORS HE'S "BARGAINING
CHIP" IN TRUMP-RUSSIA SUMMIT
The former government contractor who blew the lid off the NSA's
expansive domestic surveillance programs is being considered by his Russian handlers as a potential bargaining
chip...
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Police
fired paintballs filled with tear gas
into the crowd...
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“The hypersonic threat is real, it is not imagination...”
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BIG BANKERS.. BIG LIARS.. They mix paranoia
with ridiculous story-tells
"Uncle Sam has made too
many promises to too many people, with little regard for its future
ability to fulfill them. These are debt.
Worse, some of them are additional debt on top of the obligations we
already see on the national balance sheet...Even worse, entire generations have planned their retirement lives around
the government fulfilling those promises."
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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
"King
Salman affirmed that the Kingdom maintains a two million barrel per day spare
capacity, which it will prudently use if and when necessary to ensure market
balance."
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The invention of civilian war in Iran
Protests in
the southern Iran city of Khorramshahr turned into an armed confrontation
with security forces early Sunday, resulting in injuries among protesters and
police.
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ITALIAN
BANKS.
Italian bank BTPs
showed the largest monthly increase on record over May, consistent with
domestic banks stepping in to buy from nonresidents over the month.
Here's Deutsche:
ECB data released this week for Italian bank holdings of domestic
government bonds shows record buying over the month at EUR 28.4bn (chart below), higher
inflows than those seen over 2012 without adjusting for shifts in market value.
In contrast, French banks were relatively heavy sellers of both domestic
and other euro-area securities. Indeed, according to BIS data, French banks are
particularly exposed to Italy.
See Chart:
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..News
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Even when Spain received the help
from the referee it was removed from 8vo
finals
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
VIENTO SUR:
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GOGOAN
no hace sino reafirmar la capacidad de la vida sobre la injusticia
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Keiser Report "El dólar ya no es tan
importante"
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CONTER PUNCH ORG
Analisis on US Politics & Geopolitics
Stanley
L. Cohen The
Peace Deal That is All Israel
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Jeffrey
St. Clair Anthony
Kennedy and the Court of Lost Resort
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Ramzy Baroud Did
Israel Inspire Trump’s Family Separation Policy?
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Andrew
Levine Trump:
Still Better Than Hitler … For the Most Part
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Lawrence
Davidson America’s
Moral Angst
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Brian
Cloughley Sanctions
and Tariffs Create Distrust and Enmity
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PRESS TV
Resumen of Global described by Iranian observers..
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