Nov 15 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
Another day, another
headline-driven chaos ride...
China was higher overnight...
See Chart:
European stocks fell with Italy
leading the charge...
See Chart:
Futures show a relatively
uneventful night and then all hell broke loose...
See Chart:
On the week, Trannies are the
only index in the green...
See Chart:
Credit markets have begun to
seriously crack..
See Chart:
[[ This chart doesn’t describe crack properly..
just average ]]
Treasury yields ended the day
lower...with the belly once again outperforming
See Chart:
The Dollar ended lower after a
big surge (as cable tumbled) overnight - chaotic trading in the USD but the
pattern seems quite clear - buying overnight (dollar shortage) selling in US...
See Chart:
Finally,
Eurodollar curves suggest the market is rejecting Fed tightening almost
entirely... 1.5 hikes in 2018 and actual
rate cuts priced in for now for 2020 and 2021...
See Chart:
And based on the ongoing
tightness of financial conditions, S&P should be trading notably lower...
See Chart:
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SOURCE: https://www.zerohedge.com/news/2018-11-15/stocks-swing-headline-chaos-cable-clobbered-credit-cracked
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La recesión y colapso neoliberal tiene sus adivinos y no son cualquier
gitano. Here
is one and check the lasts charts.
"Both
corporate and high-yield bonds are at or close to their most extreme levels of
overvaluation historically."
See Chart:
As a result, both corporate and high-yield bonds are at or
close to their most extreme levels of overvaluation historically, based on
Double Line’s proprietary methodology. That
methodology looks at the spreads of those bonds relative to similar-risk
Treasury bonds; those spreads are approximately two standard deviations above
their normal level.
The BBB-rated market, which has the
lowest rated corporate bonds, is two-times bigger than the high-yield market. If those bonds
are downgraded to junk, Gundlach said, it will “flood”
the high-yield market.
See Chart:
Deciphering
the global stock markets
The driving force behind global economic
performance is central-bank monetary policy.
The G4 central-bank balance
sheets are now shrinking, largely
due to the Fed’s $50 billion per month quantitative tightening (QT), which
Gundlach said represents bond issuance that will add to the size of the deficit.
On a cash-account basis, he said our $1.3 trillion
deficit will increase to $2.0 trillion with QT, plus there is “hundreds of
billions” of pending corporate-bond issuance. (By “cash basis,” he includes
money which is borrowed to support the Social Security system.)
The global stock market has
changed course, Gundlach said. Those markets rose in
parallel with rising central-bank balance sheets, but
are now falling across the globe, he said.
See Chart:
High-yield bond spreads over Treasury
bonds rose approximately 400 basis points prior to the 2001 and 2007
recessions. Those spreads have recently widened by about
75 basis points, Gundlach said. “It looks a little bit like the 2007
recession, but it is not definitive,” he added.
See Chart:
Problems
abroad
Gundlach referenced “underlying problems
in the core of the European banking system,” based on the fact that the stock
prices of Deutsche Bank and Credit Suisse, two large European banks, have
declined precipitously.
Emerging markets have been weak
as the dollar has strengthened, he said. “The success and failure of emerging markets are with the
fate of the dollar,” he said. “Bullishness on
the dollar is extraordinary,” but he said he does not expect the dollar to rise
to the level of its high in 1984.
See Chart:
China and the European central
bank want to have a role as a reserve currency, according
to Gundlach. China is trading oil futures of its own
currency, the Yuan. “Once you start trading in
global commodities,” he said, “you are taking
steps to be a reserve currency.”
Treasury bonds are unattractive
to foreign borrowers because of the U.S. trade policies and because hedging
costs are too high, Gundlach said; the currency-hedged
yields on foreign sovereign bonds are below zero. Domestic demand for Treasury
bonds has been higher and has offset the lack of foreign demand. [[ FACT is
that RU-China dumped US T-bonds ]]
See Chart:
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See more charts at:
SOURCE:
https://www.zerohedge.com/news/2018-11-14/gundlachs-warning-corporate-bond-investors
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete;
it’s full of frauds & corruption. Urge cambio
"Throughout his career, Greenspan has mostly
been a contrarian indicator. But
he has been consistently right about trade..."
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“We’re going to stress our whole corporate credit market for the first
time...There probably will be some
really scary moments in corporate credit.”
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On
Thursday, the CME took "emergency action" to widen price fluctuation
limits for eight nat gas futures contracts “in light of recent natural gas
price movements" and to avoid a liquidation panic.
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EASY
COME, EASY GO.
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US
HAS SPENT $5,900,000,000,000 ON WAR SINCE 2001 [[ Easy Go, Easy Kill? ]]
"It is only when
one considers the cost of medical and disability care for soldiers, and
future such costs, along with things like the interest on the extra money
borrowed for the wars, that the true cost becomes clear."
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Some of the dismissals could potentially
begin before the end of the year.
[[ Is this a case of gluttony implosion for Big Bankers ]]
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“Prosecuting someone for publishing truthful
information would set a terrible
and dangerous precedent.”
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America’s
wealthiest have made their fortunes in a wide variety of ways, but there is one
thing many of these tycoons have in common: 80% of billionaires picked up a Bachelor’s
degree at some point in their lives...
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"Nationalism and patriotism are indeed distinct.
But they are not opposites...For all the grandstanding”
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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
"...It was
supposed to be the arrival of worldwide recovery. Worse, too many
arrows are still pointing down for 2019. But you wouldn’t know it from the Bank
of Japan, ECB, Federal Reserve, etc. Not until they are forced into some honest assessments for once."
See Chart:
…
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"The
state-of-the art weapon that has been long developed under the leadership of
our party's dynamic leadership has a meaning of completely safeguarding our
territory and significantly improving the combat power of our people's
army."
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NOVEMBER
SNOW IN TEXAS? EXPERTS WARN DECREASED SOLAR ACTIVITY WILL SHATTER ALL GLOBAL
CLIMATE MODELS
Our sun has been behaving very strangely, and this
unusual behavior is really
starting to affect our weather patterns...
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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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[[ Jamas podran matarlo ni asesinar la prensa libre.. Es el imperio terrorist
el que va a morir!]]
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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
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BRA Gleisi
Hoffmann: “Los nuevos golpes usan al Poder Judicial”
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Rumbo incierto de A L C Eduardo
Paz Rada
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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
US Could Lose in War with China or Russia,
Panel Warns By Channel News
Asia
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Cost Of Post 9/11 U.S. Wars Hit $5.9 Trillion By Claudia Grisales
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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
ND denounce Global-neoliberal debacle y
propone State-Social + Capit-compet in Econ
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PRESS TV
Resume of Global News described by
Iranian observers..
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