Sund
JUL 22 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
As the old adage goes "if
you've been at the table for a while and you still don't know who the sucker
is... it's you."
As the old adage
goes "if you've
been at the table for a while and you still don't know who the sucker is...
it's you."
And in the case of
the US equity market, it is hard to argue with who the 'whales' are and who the
'suckers' are based on the following data.
At the start of the year, when the impact of Trump's offshore cash
repatriation holiday was just being felt, JPMorgan made a daring forecast: it predicted that buybacks in 2018 would hit a record
$842 billion, a number that would put any prior year's total to shame. It
also meant that as corporations themselves emerged as
the biggest buyer of stocks in 2018, it would require an avalanche of selling
to push the market lower.
See Chart:
More recently, when looking at its client trading activity, Bank of
America made another surprising observation: in the first half,
corporations were the only net buyers of stocks (with the only exception of
companies in the Industrial sector), as institutions and hedge funds have been
net sellers throughout 2018.
See Chart:
So, as we have noted
numerous times, the 'demand' side of the US equity market is dominated by
corporate buybacks... and within that group, dominated by the Tech industry.
All of
which perhaps explains why, amid a collapsing yield curve, crashing yuan, trade
war turmoil, and geopolitical chaos, stocks soared, led by the mega-cap tech
stocks.
See Chart:
However, there's a
dirty little secret lying just beneath the surface of this 'different this
time' ramp in stocks.
Insiders
are dumping their shares to retail investors at an almost unprecedented
manner...
See Chart:
And guess
what sector dominates... (hint - Tech!)
See Graph:
So while
CNBC et al. are busy gloating over the soaring stock market (that must mean the
economy is - or will be - awesome), perhaps it is worth them paying attention
to just who is selling into this surge as they bring guest after guest on to
stock-promote FANGs...
See Charts:
FB INSIDER
TRANSACTIONS
AMAZON
INSIDER TRANSACTION see here
NLLX
NEflix INSIDERS
GOOGL
INSIDERS
And
even the SEC is starting to find this potential market abuse too much to ignore, as we noted
previously, according to an analysis by SEC Commissioner
Robert J. Jackson, Jr., company executives have been grossly abusing the timing of buyback
announcements and selling significantly more of their stock immediately
after the news than they do beforehand.
taking advantage of price bumps that often accompany
share-repurchase announcements.
To be sure, Jackson
is not happy with the fact that corporate insiders are so grossly exempt from
what is so clearly insider trading, that it needs to be exempt:
“The SEC gives an exemption from
market-manipulation rules to companies doing a buyback,” Mr. Jackson
said in an interview. “The SEC shouldn’t be making it easier for executives to
use them to cash out.”
And yet that's
precisely what the SEC has been doing for decades. Ironically, it is only a
Trump-appointed commissioner who dares to blow the whistle.
However, we suspect that
this will never be allowed - since it remains the source of Trump's stock
market (never mind enriching the anti-Trumpers at the top of the Silicon Valley
sycophants).
...
….
Source: https://www.zerohedge.com/news/2018-07-22/firms-buy-back-shares-record-amounts-look-who-was-selling
----
----
RELATED
“My view is we’re in somewhat similar
territory
to where the US was in 2006 before the
GFC..."
----
----
Submitted
by Bryce McBride,
[[ Ms Lagarde will deny this & say : IMF
intentions won’t affect US. Fact: IMF don’t fit in Fut-Econ ]]
"American military leadership depends upon global dollar dominance which in
turn demands persistent trade
deficits. These are the three essential aspects of America’s global
empire. If you remove one, you
threaten the survival of the other two and the continued existence of the
American empire itself."
READ this:
The
International Monetary Fund is also working to create a cryptocurrency version
of their existing reserve currency (called the ‘Special Drawing Right’ or SDR)
which could similarly be used to denominate, record and settle international
trade.
Whichever trade settlement system ends up being adopted, the
writing appears to be on the wall for the U.S. dollar as the world’s reserve
currency. When foreign
dollar holders begin seeing dollars becoming either unavailable or less useful
for trade, they will not want to hold them as reserves. If they begin to dump
them to buy gold or SDRs, the dollar’s value will collapse against other
currencies. If, as a consequence,
foreigners become unwilling to accept payment in dollars that are fast losing
their value, the American government will no longer be able to afford a global
military presence. The resulting economic and
geopolitical uncertainty will undoubtedly disrupt world trade, threatening both
global prosperity and security. On the plus side, though, America’s trade
accounts will once again be in balance as Americans holding newly-depreciated
dollars will no longer be able to afford foreign goods even as American goods
produced with now-cheaper American resources will find ready buyers abroad.
All in all, it would probably be better
for everyone involved to continue to tolerate persistent American trade
deficits.
----
----
"Large moves are becoming more common: 2017 was remarkable. Despite low levels of volatility that
made the bar for a large move relatively low, few occurred. 2018 is very
different."
See Chart:
https://www.zerohedge.com/sites/default/files/inline-images/MS%203%20sigma%20moves.jpg?itok=AyUjSRHY
SEE MORE CHARTS AT:
…
----
----
"...misinformation
continues to permeate conversations about cryptocurrency. Most of
these conversations are regurgitation of rumors and claims fortified by incomplete understanding..."
Must READ
----
----
US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"At
the end of the day, the Chinese fundamentally seek to replace the United States
as the leading power in the world."
----
----
"At some point, all hell will break
loose.There is no
question about it. It could besomething
very serious coming this autumn. The whole political system is
fighting against Trump, and that is going to be tough, very tough..."
----
----
"While
next week’s print will tempt with a narrative of strong growth and modest
inflation, we think that 2H will
follow a different storyline, with decelerating growth and rising inflation
across major regions." - Morgan Stanley.
Read this
For Michael
Zezas and our US public policy team, this fits with a narrative of continuing escalation in trade tensions, a
trend we expect to persist until it comes up against greater political or
market pressure. As we have yet to see either, companies are facing this new backdrop with a
familiar mantra: ‘Hope for the best, prepare for the worst’.
----
----
Flashback
to Strzok after returning from London: “the White House is running this”
----
----
He accuses Trump of treason. But what's his bluster really about?...
----
----
"The most important question faced by the human race is almost
never addressed in modern times: which
should be the master, the state over the individual or the individual over the
state? It is particularly relevant today, bearing in mind President
Trump is demolishing the
established order both domestically and within America’s wider sphere of
influence. "
Until recent
decades, when the debate has now more or less ceased and been replaced by a
general assumption that the state is master of the individual.
The
purpose of this article is to challenge this assumption.
See Chart:
----
----
It's damage
control time.
----
----
"Democrats, please, please don’t lose your minds"
----
----
RELATED:
"FBI
represented to a federal judge that investigators knew for certain that Carter
Page met w/ Igor Sechin and Diveykin. Except, the FISA app acknowledges this
intel came from Steele dossier."
----
----
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
Israeli
jets have reportedly carried out a major airstrike on a Syrian government
facility in northwest Syria in Hama province, this time in broad daylight.
[[ Israel is making merits to be wipe out from the
map..
their air power & WMS not in
ISR will be smashed too ]]
----
----
"Will
Trump continue to turn up the heat unless his popularity falters and the
S&P falls hard? Yes. And won’t China continue to attempt to devalue its
currency as far as it must to restore its negotiating position? Yes."
----
----
The Monday
open of JGBs has been a shock to the system, sending the 10Y yield on Japanese
government bonds surging to 0.80%, the highest since February, while the USDJPY
is just pips away from breaching a key support line. See Chart.
----
----
SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars &
danger of WW3
----
----
----
[[ Mafia? Ugly term.. And
who are the MAFIOSOS in the US ]]
----
[[ So, Pompeo is now carrying
the flag of WW3.. Why he don’t join Hillary’ party? ]]
----
[[ Who in Syria cares about
Pompeo blah-blah. To them Pompeo is the postman of Trump ]]
----
----
[[ US-Made
Goods? Pompeo is leading WW3 flag
in Trump’s name.. he delete “goods” ]]
[[ Change & Top-down REV
are made in America.. so it is time to reshuffle, or change the postman ?]]
----
----
----
[[ Does the war of
Earthquakes already start? ]]
----
[[ We are against the
current.. that is why .. The danger is that T-polit-legitimacy is Qt by Dems [[
----
[[ Fighting ghost?.. Obama
& Hillary are already politically buried ..sealed & ignore them ]]
----
----
[[ we’re a divided Nation..
that is all.. nothing new in history.. social-class division is the Prob ]]
----
----
RT SHOWS
----
----
----
----
NOTICIAS IN SPANISH
Lat Am NEW FOCUS: alternat to neo-fascist regimes, breaks to
HR, Peace & support to US-terrorism
----
----
----
----
----
----
----
----
----
----
----
----
Keiser Report Las razones de la guerra comercial
----
----
GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
----
----
----
----
----
----
PRESS TV
Resume of Global News described by Iranian observers..
Too late .. if you did not elect him wait for next elect. .
You lose impeach
Now you burn the forest .. you pay for it.. So, let him
finish his round
----
----
JUST ACT .. don’t comment on it .. use your power
intelligently
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
===
No hay comentarios:
Publicar un comentario