Wed JUL 04 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
In the interests of transparency at The 'New'
Federal Reserve, The St.Louis Fed has decided, suddenly and without warning, to discontinue the production of The Fed's balance sheet size from its
FRED website.
See Chart:
And while the data is still available on various data
terminals and The New
York Fed SOMA site continues to provide the updates, we can't help but wonder why the
government would decide that this data series - one that is simple to report,
readily available from the source, and requires very little manpower to produce
- would suddenly be discontinued from one of the most
popular, publicly accessible, and free US government data repositories?
Perhaps it
is because the pace of balance sheet normalization is about to take a huge step
larger - from around $30bn to around $50bn
per month in the next quarter...
See Chart:
Or perhaps its because if 'average
joes' accessing FRED can see the normalization accelerating and will notice
that the SMART money is piling out
of the stock market - and selling to the greater fools chasing
momo..
See Chart:
Or more likely, Gluskin Sheff's David Rosenberg is right: "Don’t fight the Fed works in both directions..."
See Chart:
…
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In the
first half, the only BofA clients who purchased stock were corporate buybacks,
while single stocks and sector ETFs were sold across the board.
As shown in the most recent "Chart of the week" from BofA, which lays
out first half sector flows, corporate
clients’ buybacks were the largest buyers within Financials ($10.6bn), Tech
($10.5bn), Health Care ($6.5bn), Consumer Discretionary, and Industrials.
In fact, in a dramatic display of just who has been buying
tech stocks, BofA reveals that "net buying of Tech in the 1H was entirely buyback-driven."
So much for speculation that
hedge funds and institutions have been chasing after tech performance: it was just tech companies - at least the subset which
operates via Bank of America's buyback desk - repurchasing
their own stock. And not just tech companies
but financials, industrials and discretionary. Meanwhile, single stocks
have been uniformly sold across all sectors with the
sole exception of industrials, which is the one sector with 1H flows into
single stocks by both corporate and non-corporate clients along with sector
ETFs.
See Chart:
So if BofA's corporate clients were the overwhelming buyers
of stock in the first half, that would mean that all other clients were
selling. And sure enough, as BofA writes, while private clients - or
ultra high net worth individuals - were the sole
net buyers of US equities in a token amount (in addition to corporates) in the
1H, institutional clients were the biggest sellers, while hedge funds were also
net sellers for the duration of the quarter.
See Charts:
TO SUMMARIZE:
See Charts:
This means that as many have suspected without buybacks, there will be little buying pressure on
stocks. Which is a problem because with just days left until buyback blackout
period, the buyer of last resort for US stocks is about to go on a month-long
vacation, just as the trade war between the US and China begins.
....
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LA OTRA CRISIS:
The banality of brick and mortar.
See Chart:
See more charts at:
….
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Our culture is
becoming a "social desert"...
Listen to Chris' interview with Charles Hugh Smith
(53m:56s).
Open this SOURCE:
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"Our culture is just so
incredibly dependent...Freedom is terrifying to most people because it means that they and they alone, are responsible for the actions
that they take. An independent person succeeds or fails on his or her
own merit..."
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"...time and scale have changed the nature, not
just the age and the size, of the United States of America. It has
become something the Founding Fathers had tried to avoid... and almost certainly wouldn’t like."
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"...just put the hot dog
down..."
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"We can't relive 2016. I
love this country, our values and our people too much to sit by while they are
destroyed..."
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"During a recent interview, fired FBI director James Comey called
for more gun control against the
peasants, but not for the ruling class he was a part of for so long;
adding that the NRA propagates 'lies'
in order to keep Americans armed against their rulers."
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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
"...the United States defends
many of [OPEC] members for very little $’s. This must be a two way
street. REDUCE PRICING NOW! "
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..News
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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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CONTER PUNCH ORG
Analysis on US Politics & Geopolitics
Tony McKenna Trump,
Obama and the Nature of Fascism
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David Schultz Justice
Kennedy and the Myth of the Legal Neutrality
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Hossein Nazari When
America Downed an Iranian Airliner and Celebrated It!
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William Hartung Trump’s
“Infrastructure” Plan: Pump Up the Pentagon
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Catherine April Watters The
Gaza Flotilla in Gijon: a Visual Essay
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Douglas Valentine A
Thought for Independence Day
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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
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PRESS TV
Resume of Global News described by Iranian observers..
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Programs The Debate: Iran
Nuclear Deal
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