Nov 12 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
FUTURES
SLIDE AMID EURO, CABLE ROUT; DOLLAR SOARS TO 2018 HIGH
Volumes were subdued with many banks
closed for Veteran's Day in the US. Futures on the
Nasdaq were flat after large-cap tech shares on Friday dragged the gauge down
1.7%.
See Chart:
Europe saw a sharp
selloff in both the EUR and GBP this morning, with the EURUSD
breaching 1.1300 to the downside, the lowest print since July 2017 as Brexit
deal momentum once again faded, while the Italian budget negotiation failed to
make progress ahead of another looming deadline.
See Chart:
With Asia mixed and European risk assets
sliding, the Bloomberg dollar index printed fresh YTD highs: “King dollar has
staged a return,” Credit Agricole's FX strategist Valentin Marinov said, adding
that investors had piled back into the dollar after last week’s Fed meeting
confirmed a rate-tightening path. "Euro and pound
are both hurt by political risk and that is aggravating underperformance
versus the dollar,” Marinov added.
See Chart:
With Asia mixed and European risk assets
sliding, the Bloomberg dollar index printed fresh YTD highs: “King dollar has staged a return,” Credit Agricole's
FX strategist Valentin Marinov said, adding that investors had piled back into
the dollar after last week’s Fed meeting confirmed a rate-tightening path. "Euro and pound are both hurt by political risk and that
is aggravating underperformance versus the dollar,” Marinov added.
See Chart:
See more Charts at:
…
SOURCE: https://www.zerohedge.com/news/2018-11-12/futures-slide-amid-euro-cable-rout-dollar-soars-2018-high
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Whether measured in in BTU/oil barrels equivalent or
in US dollars, the reversal in energy balances from a deficit into a surplus
happened in October 2018.
The reason: as of October, the US is now energy independent for the first time,which
is a seismic change considering that just 10 years ago, America was spending 3% of GDP buying foreign energy
in 2008, but its energy trade balance is now positive.
See Charts:
Helped by higher prices, total oil
production has hit a record level in the US, reaching a combined 15.9 million
b/d (crude oil and NGLs) in the past month and almost 2mn b/d above last year.
See
Chart:
The larger-than-expected surge
in North American oil volumes has come primarily from the Permian, Canada's oil
sands, and more recently, the Gulf of Mexico.
See Chart:
See more chart at:
SOURCE:
https://www.zerohedge.com/news/2018-11-12/october-2018-us-now-energy-independent
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The Permian
oil differentials are less of an issue for the bigger companies
In recent months, pipeline capacity
shortage in the Permian has been the center of shale drillers and oil analysts’
attention as much as the surging production from this
fastest-growing U.S. oil region that has helped total American crude oil production to exceed 11 million bpd for
the first time ever.
See Chart:
The majority of
company executives and industry analysts expect that the
Permian bottlenecks and the wide WTI Midland to Cushing price differential are
transitory issues that will go away by the end of 2019, when many of the new
pipelines out of the Permian will have started
operations.
A
total of 70 percent of executives surveyed expect the oil price differentials
between WTI Midland and Cushing to have a slightly negative impact on oil
production growth in the Permian over the next six months. That’s compared to
17 percent who see significantly negative impacts, and 12 percent expect no
impact.
See Chart:
Shale pioneer Mark Papa, currently
chairman and CEO at Delaware Basin-focused Centennial Resource Development,
also sees pipeline constraints overcome by the end of 2019, but warned that
constraints in the longer term could be coming with shortage of workers.
“Some of the other issues like personnel and water
handling issues are some of the more long term issues,” Papa has recently told Bloomberg.
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Is there manipulation of prices? .. Or is a fabricated data on the miracle
Permian oil?
“Hopefully, Saudi Arabia and OPEC will not be
cutting oil production. Oil prices
should be much lower based on supply!”
See Chart:
“If we
believe that Saudi Arabia will cut supply we’ll see what happens in December,
but this will tighten up the market and should rally things up a bit,” said
Bart Melek, head of global commodity strategy at TD Securities in Toronto.
“I
wouldn’t be too surprised to see crude head back closer to recent highs, maybe
not to the October levels, but certainly off the recent lows.”
For now,
that's not happening.
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SOURCE: https://www.zerohedge.com/news/2018-11-12/oil-price-tumbles-trump-says-opec-shouldnt-cut-production
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete;
it’s full of frauds & corruption. Urge cambio
[[
Could be either Dems & Reps.. The
billionaires of both of them are allow to invest & buy elections (starting
with the press) .. Los superpacks crearon la
corrupcion de Hillary.. plus]]
"The
AVIS employee didn't know what to do. [ after placing it? ] No one wanted to touch the boxes or take responsibility for
them."
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"The
prospect of Presidential Harassment by the Dems is causing the Stock Market big
headaches!"
Last Wednesday's euphoric post-midterm
election market surge, which was the second
biggest post-election rally since 1982...
... is now history, with the
S&P virtually unchanged, and the Nasdaq now below last week's post election
ignition point.
See Chart:
Which, paradoxically, is what Trump "predicted" two weeks ago when the president
said that the market would drop if democrats won the
election. In retrospect, it appears he may have been right. [[ we got tramped
double .. by his words and by his facts ]]
..
SOURCE: https://www.zerohedge.com/news/2018-11-12/trump-blames-market-drop-democrats-harassing-president
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With
the two giant wildfires in northern and southern California projected to result
in $25 billion in damages, the shares of California's two largest utility
owners have crashed the most in nearly two decades
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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
US Treasury said the Iranian Central Bank has been officially cut off the SWIFT
financial messaging system. The disconnection, which comes at a time when
Iran's economy is reeling and its currency is tumbling as a result of
restricted oil exports
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Isn't it obvious that repeating the policies of 2009 won't be enough to save the system from
a long-delayed reset?
Isn't it
obvious that repeating the policies of 2009 won't be
enough to save the system from a long-delayed reset?
2019 is shaping
up to be the year in which all the policies that worked in the past will no
longer work.
The vast flood of low-cost
credit and liquidity encouraged corporations to borrow money and use it to buy
back their stocks, boosting per-share earnings and sending stocks higher for a
decade.
The success of
these policies has created a dangerous confidence that they'll work in the next
global recession, currently scheduled for 2019.
When
all central banks pursued roughly the same policies, capital had options. Now
that the Fed has broken away from the pack, capital has only one option: the
U.S. The Federal Reserve should have
begun normalizing rates etc. back in 2013, and if they'd been wise enough to do
so then even baby steps over the past 5 years would have led to a fairly
normalized financial environment.
See Chart:
NOW Central banks have inflated assets into the stratosphere, there's $300
trillion in global financial assets sloshing around seeking higher yields and
capital gains. How much of this
$300 trillion can central banks buy before they destabilize currencies? How
much can they buy before they run out of political goodwill?
See Chart:
Isn't
it obvious that repeating the policies of 2009 won't be enough to save the
system from a long-delayed reset?
…
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US
equity futures are stumbling lower following a
WSJ report that the Trump administration is expending its China trade war beyond tariffs to counter IP
theft.
US equity
futures are stumbling lower following a
WSJ report that the Trump administration is expending its China
trade war beyond tariffs to counter IP theft.
Nasdaq
futures are leading the decline..
See Chart:
For
now, the post-Midterms gains have been erased...
See Chart:
…
…
SOURCE:
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Adding insult to injury, the US is paying
"hundreds of billions of dollars" for the privilege of "losing
hundreds of billions of dollars" with these countries on trade.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
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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
Elecciones: ¿catástrofe o salvación? I Wallerstein
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ALAI NET
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RT EN ESPAÑOL
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INFORMATION CLEARING HOUSE
Deep on the US political crisis:
neofascism & internal conflicts that favor WW3
Celebration of Killing and Dying? By Camillo Mac Bica Continue
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The Prevalence of Myth over History By Paul Craig Roberts Continue
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Most of the World Does Not Like U.S. Foreign
Policy By Vijay Prashad Continue
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Honoring Antiwar Resisters on the 100th
Anniv. of WWI’s End Video and
Transcript
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Crucifying Julian Assange By Chris Hedges
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Conn Hallinan Nuclear
Treaties: Unwrapping Armageddon
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John Whitehead Badge
of Shame: the Government’s War on Military Veterans
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Will Griffin Military
“Service” Serves the Ruling Class
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Binoy Kampmark Mid-Term
Divisions: The Trump Take
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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
Political News on our Rulers
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PRESS TV
Resume of Global News described by
Iranian observers..
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