Tue Oct 2 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
The US Economic situation today:
Big Caps for the first two
minutes... and then Small Caps...
China remains closed for Golden
Week but offshore yuan was extremely active overnight, flash-crashing below key
support and back...
Another odd day in Italian
stocks – yesterday they were panic bid and slumped to unch, today panic sold
and bid to unch..
But BTPs were blasted higher in yield to
4-year highs…
See Chart:
In the US, The Dow surged to a
new record high today... but Small Caps collapsed. Powell spooked stocks very
briefly at around 1245ET...rebounded, then faded... The Dow went out near HoD,
Russell near LoD... (on the day, the S&P was unchanged, Dow up and the rest
red)...
See Chart:
Another major divergence
between big (Dow) and small (Russell 2000) stocks as the former soars relative
to the latter and erases any relative performance YTD...
This is the
biggest outperformance of Dow over Small Caps since Oct 2011.
See Chart:
Small Caps and Mid Caps have
both rolled over hard, with only Big Caps holding on...
See Chart:
And while tech and financials
were weak, the former's relative outperformance has stalled...
See Chart:
And while all this uncertainty
is swirling, the spread (risk) of US HY Corporates is at its tightest since
July 2007...
See Chart:
Despite gain on the Dow, UST
Bonds were also bid, with yields 1-3bps lower on the day... leaving them all
lower on the week...
See Chart:
and the yield curve
flattened...back below Fed rate hike levels...
See Chart:
The Dollar ended the day higher
but sold off overnight gains into the European close before bouncing in the
afternoon...
See Chart:
Finally, we thought this might
be interesting for some - it now costs the average worker 1164 hours work to
buy The Dow (versus the average 225 hours that it costs from 1960to 1995...
See Chart:
[[ In short: all capital gains at the expenses
of labor = fake economy ]]
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“The investor’s chief problem – and even his worst enemy –
is likely to be himself.”
As I
noted on Friday, that support from the major Central Banks is now reversing
at a time where global economic growth has peaked and the fiscal support in the
U.S. is fading.
See Chart:
This is an interesting analysis with more
charts.. in this art at:
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"This is the great irony of the claim that
public school teachers are underpaid. By
socializing education, state governments have removed the very market forces
that determine wages. So there is no way to measure what a teacher
actually 'should' be paid."
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But
wait – are these the Boom Times?!
See Chart:
The US is “on
an unsustainable fiscal path, there’s no hiding from it,” explained Fed
chairman Jerome Powell during the press conference. Read… The
Fed’s Not Backing Off: Powell’s Standouts & Zingers at the Press
Conference
…
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The
incredibly shrinking junk bond spread just passed a historic landmark when the
Corporate High Yield index broke below the lowest spread since before the
financial crisis this morning, dipping to 309bps, the tightest level since late
2007.
See Chart:
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WTI held
above $75 today but did not extend yesterday's surge gains ahead of tonight's
API print. After last week's surprise build, crude was expected to build again,
and did but it was Cushing that surprised with the biggest rise in stocks since
March.
“It
shows that the market is not convinced about the ability of the producers’
group to replace Iranian barrels,” said Tamas
Varga, an analyst at PVM Oil Associates Ltd. in London.
API
- Crude +907k (+1.5mm exp)
- Cushing +2.018mm (+800k exp) [Genscape +600k]
- Gasoline -1.703mm
- Distillates -1.197mm
A second weekly build for crude and the
biggest weekly rise in Cushing stocks since March...
See Chart:
WTI hovered just above $75
ahead of the API print, holding most of yesterday's impressive gains, and
thoroughly unimpressed at the crude builds from API..
See Chart:
“The market bounces around a
lot,” Michael Lynch, president of Strategic Energy & Economic
Research, said. “As of
now, people are hedging on the side of fear rather than working the
probabilities.”
…
SOURCE: https://www.zerohedge.com/news/2018-10-02/wti-holds-gains-after-cushing-stocks-build-most-march
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete;
it’s full of frauds & corruption. Urge cambio
Republicans have benefited from Trump's victory,
not just emotionally, financially as well.
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The attack is now direct.. tit for tat
might be also direct to whom defame him
In
a massive, front page story, the
NYT has accused President Trump of participating in
"questionable" and "dubious" tax strategies "including
instances of outright fraud" that greatly increased the fortune he
received from his parents.
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Is it a mother of money: big corruption = big money?
"We
can't have that on the court"
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"I
haven't read that report, but the Goldman Sachs economic team almost at times
look like they are the Democratic opposition."
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"It’s a very
scary time for young men in America when you’re guilty until proven
innocent... This is a very
difficult time.”
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Partial tit for tat.. the vilified Presid
can open other moral ‘mistakes’ from them
Trump
could declassify them with the stroke of a pen...
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IF you do the right thing.. you are suspicious..
what kind of inhuman world is this?
"...if you think a little beyond the surface
level about why he’s doing this
now and what his real motives are, it becomes clear nobody should
take this move at face value."
[[ “Capital and labor are two sides of same coin
who has to have similar value for the economic purpose of balance and
sustainable growth”.. Who say it? Did you study the
basic of economics?.. If so, take it as
face value ]]
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"Ford's public
testimony to the Senate Judiciary Committee was sufficient.."
With Arizona Senator Jeff Flake waffling
over whether he will ultimately
vote to confirm Trump SCOTUS pick Brett Kavanaugh, NBC
News - the news organization that Lindsey
Graham has accused
of colluding with Democrats to sabotage Kavanaugh's nomination - has
confirmed that the FBI will not interview Dr. Christine Blasey Ford as part of
its expanded background-check probe into Kavanaugh.
Though many
suspected this was the case when the bureau neglected to reach out to Ford over
the weekend, the way NBC tells it, this
fact could become ammunition for Democrats who are seeking a further delay of a
confirmation vote.
[[ Who are behind this paid news?..
Senator Lindsey Graham gave clear answer to this Qt at the beginning of Sept; THERE IS A “SUPER CELL” whiting the White House
which planned to overthought Pres Trump”
Who exactly? .. “part of Deep State lead
by OBAMA-CLINTON CABAL”.. Then Senator L Graham make several question
that describe the legal context to be used by “Obama-Clinton cabal” to
put down Trump. This
“cell” of ultra-right Democrats are behaving like
real neo-nazis when try to put down the Presid. They are using the Press
first and naïve ladies paid to vilified Trump. Then they will use the
legalities for military action against him. Those are been described by LG questions.
Read: “WE ARE AT WAR Coup plotters will be dealt
with Accordingly” Sep 5 2018, published in several US media.]]
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"journalistic
integrity has been destroyed over
this case."
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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
Russia's
Defense Minister confirmed transfer of 49 pieces of military equipment, including radars, control vehicles and
four launchers...
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If
the Russian system became operational, the U.S. "would then be looking at the capability to take out a missile that could
hit any of our countries in Europe and hit America."
[[ I’m afraid of WW3 .. that will be the last resource of Trump.. By
declaring War to RU-China .. he will get the whole US political power to
destroy his enemies inside.. but at the cost of millions inside-outside US ..
since RU-China will respond automatically. Since this option is at the hand of
Trump, then it could happen that Senator Graham said: in time of War Coup plotters
inside the military “will be dealt with accordingly”.]]
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With
the shale revolution in danger, the number of uncompleted wells in the Permian
jumped by 80% to 3,630...
The US now pumps a record 11 million
barrels a day in oil, surpassing both Saudi Arabia and Russia, and becoming
the world's
largest oil producer. Behind this historic achievement is America's most
productive region, the Permian Basin in west Texas and New Mexico, where
approximately one-third of the nation's daily supply is extracted from the
ground via hydraulic fracking.
However, the shale revolution has
overwhelmed the region’s infrastructure with massive supply - driving up costs,
depressing regional oil prices and slowing the pace of growth, according
to Reuters.
See Chart: blocked
Go to main source:
Since mid-2016, the number of
drilling rigs in the Permian rapidly increased, but the momentum is now
slowing, in part because of the deep discount of Permian oil versus WTI.
See Charts:
BLOCKED TOO
Meanwhile, Jean Laherrere at Forecast
For U.S. Oil & Gas Production shows the Permian oil production
peaking sometime in 2019.
See Chart:
The same : blocked too
And so with logistical hurdles surpassing
oil price as the key extraction bottleneck, one wonders
if we have finally hit peak shale?
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
RELATED
International relations and security analyst Mark Sleboda didn't
mince words when analyzing the envoy's remarks in an interview
with Radio Sputnik's Loud & Clear.
Hutchison "just
threatened a preemptive attack on Russia. That's what she did today, and
she said it twice — she doubled down on it," he said.
Russian Deputy Foreign Minister Sergey
Ryabkov said in August:
"A preemptive attack
on Russia would of course be met with a full-range attack
back," Sleboda said, underscoring the catastrophic potential for a hot
war between the two nuclear powers. "The
statements are so ludicrously apocalyptic that I'm afraid it is impossible
really to take them seriously," he added.
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RELATED
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RT SHOWS
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Keiser
Report Rise
of the zombies (E1287) Max and
Stacy discuss the zombie banks kept alive on ‘free’ money, leading to zombie
corporations surviving on pension funds
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist
regimes & terrorist imperial chaos
REBELION
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ECON sociedad personas “El capitalismo desarrolla fuerzas
destructivas”
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ALAI
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BRA Cartas sobre la mesa Brasil: ¿Vuelta a la democracia?
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INFORMATION CLEARING HOUSE
Deep on the US political crisis:
neofascism & internal conflicts that favor WW3
One Click Closer to Annihilation By Philip
Giraldi Continue
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Note To NATO - You Don't "Take Out"
Missiles Without Having A War By Moon Of Alabama
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U.S. Is Determined to Fight the World By Doug Bandow Continue
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Trump Engaged in Fraud, Dubious Tax Schemes
in 1990s: NYT By Al Jazeera
and News Ag
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Kavanaugh Confirmation Carnival and Its Real
Implications in 1980 By David Stockman
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Child Concentration Camps in US In Texas By Eric London Continue
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Louis Proyect Between
Socialism and Barbarism
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that
leads to more business-wars from US-NATO
allies
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DEMOCRACY NOW
Focus on Trump policies & the Econ
& Pol crisis inside US
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PRESS TV
Resume of Global News described by
Iranian observers..
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