Mon Oct 8
19 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
US Economic situation:
FANG Stocks have now gone
nowhere since May...breaking below key technical levels...
See Chart:
Tesla was a bloodbath today...
See Chart:
While US cash bond markets were
closed, TSY futures suggested a 1-2bps compression in yield today.
See Chart:
The Dollar Index managed to
hold on to very modest gains...
See Chart:
Finally, as a reminder, bonds
are at their cheapest relative to stocks since May 2011...
See Chart:
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“I’ve
lived through four economic cycles, andI’ve
never seen a slump like we’re seeing in the New York City market that didn’t
spread to the rest of the country,”
See Image:
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"Rather, artificial, tariff-driven panic
buying pumps up GDP growth in the short term butensures it will disappoint in the future.Look for fourth quarter
estimates to be revised upwards and then look
out below into the first of the year..."
The U.S. Economy Is on a Sugar High - Many companies are rushing to
secure products and materials before the trade war worsens
Across
the U.S., companies are hitting the panic button. The Trump administration has levied
10 percent tariffs on $200 billion of Chinese goods, a charge that is expected
to rise to 25 percent by 2019. This tops the tariffs on $50 billion of Chinese goods that were imposed in August, and is an
effective tax on U.S. consumers, who will soon be paying more for everything
from cosmetics to clothing to cars if they aren’t already.
Against that
backdrop, it’s becoming clear that many companies are rushing to secure
products and materials before prices rise regardless of current demand. You
could say they are in panic-buying mode.
Evidence
that panic buying has set in was seen in the September Chicago Purchasing
Managers Index report, which
is a bellwether for the broader national manufacturing sector.
There’s also
been a pronounced increase in railcar volume. But the thing to know here is that data from
the three biggest California ports, where the vast bulk of Chinese goods land
on U.S. shores, arrives with a lag. We won’t have September data in hand
until mid-October.
Take the number of rail cars in service
and multiply it by how long these cars “dwell at terminal” to get a proxy of
hours worked. That
derivation roughly equates to aggregate hours worked in the employment report,
due out Friday.
See Chart:
Indications
that the tariffs will rise to 25 percent by year-end suggest the panic-buying
mode will stay in effect for the next few months, making labor resources even
more scarce. The latest Duke University CFO Survey reveals
that those who set compensation budgets anticipate wages will rise by 4.8
percent over the next 12 months, the biggest increase in 18 years.
The
upshot is that economists have had to react in two ways.
- First, they’ve had to take down their third-quarter GDP estimates to account for weaker exports.
- On top of that, they’ve had to downgrade the quality of economic growth to account for the reasons behind the inventory build. Or, in the words of JPMorgan Chase & Co. chief economist Michael Feroli, the economy is looking “less boomy, more noisy.”
In the event you’re hoping the virtuosity
of panic buying can become a permanent prop to the economy, you might want
to rethink your thesis. To Feroli’s point, “less boomy” indicates a fundamentally
weaker demand backdrop as the U.S. economy stretches into the final months to
claim the trophy of the longest expansion in history.
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Friday's Russell 2000 dead cat bounce off the 200-day moving average is
over and despite an early morning
rebound, US equity markets are accelerating lower led
by some serious ugliness in Nasdaq...
Friday's
Russell 2000 dead cat bounce off the 200-day moving average is over...
See Chart:
And despite an early morning rebound, US equity markets are accelerating lower led by some serious ugliness in Nasdaq...
See Chart:
As FANG Stocks get slammed...
See Chart:
And VIX spikes back above 18...
See Chart:
Minerd's tweet come shortly after Bob Shiller, the professor of economics at Yale University and Nobel laureate,
warned the steep run-up in this market rally is similar
to the excesses of the 1920s before the October 1929 market crash and Great
Depression.
See Chart:
[[ Who is going
to pay for this neoliberal disaster? Our
Nation of course, then it will be transferred from the center to the periphery
.. to South countries in America ]]
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Last
week, the U.S. bond market crossed the Rubicon... “the die is cast,” the decision is made, there is no going back.
See Chart:
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“Given the potential illiquidity of the bond
markets, I look at this rise in
yields and it frightens me,”
See Chart:
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SOURCE: https://www.zerohedge.com/news/2018-10-08/louis-gave-corporate-debt-and-next-liquidity-crisis
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There have been three major U.S. Treasury bull markets coinciding with recessions in the
last 30 years... They all look remarkably similar and the periods
leading up to them look a lot like now...
The history
There have been three
major U.S. Treasury bull markets coinciding with recessions in the last 30
years (orange boxed areas in the chart
below). They all look remarkably similar and the periods leading up to them look a lot like now.
See
Chart:
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete;
it’s full of frauds & corruption. Urge cambio
Y encima se viene un huracán que va a malograr el tiempo en todo el US
east coast
"It’s a disgrace"
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Comenzo el fraude electoral with Dems at the top
“Nothing
surprises me anymore coming out of the DMV... This is probably the tip of the iceberg. I think we can expect
more of these kind of registration problems.”
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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-, D rest in limbo
The defaults and currency crises in the periphery will then move into
the core...
See Image at:
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Our press can say whatever on China.. the
fact: their ECON is better than ours.. We can’t lie:
With less
than a week left until the publication of the Treasury's FX policy report, a
U.S. Treasury spokesman said he is "concerned
about the recent depreciation in China’s currency and is monitoring
developments."
See Chart
Who is next on the US Treasury Currency
Manipulation hit list?
See Graphics & Charts:
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Confirming Director
Lagarde's warning that "clouds
on the horizon have materialized," The International Monetary Fund is downgrading
its outlook for the world economy, citing rising interest rates and
growing tensions over trade.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
RELATED
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RT SHOWS
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NOTICIAS IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION
Capitalismo es barbarie. E saqueo Cap causa empobrecim
y éxodo. Image:
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INFORMATION CLEARING HOUSE
Deep on the US political crisis:
neofascism & internal conflicts that favor WW3
The CIA Finger in Brasil’s Elections By Marcelo Zero. Continue
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Marketing War: the Incessant Drumbeat of
Mortal Danger By Paul Atwood Continue
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US-Saudi Split Looming? By Finian Cunningham Continue
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U.N.'s Climate Report Exposes How Badly Wrong
Leaders Like Trump Have Got Climate Change
By Ban Ki-moon Continue
By Ban Ki-moon Continue
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Walden Bello Understanding
the Global Rise of the Extreme Right
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Stanley L. Cohen The
Two-State Solution is Neither
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Nicholas Levis Empire
of Fraud, Made in America
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that
leads to more business-wars from US-NATO
allies
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PRESS TV
Resume of Global News described by
Iranian observers..
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