Nov 17 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
“Treat their
incessant optimism, in the future, with skepticism. Watch what they do not what they say.”
RELATED:
"Orwell’s insights into how language can be manipulated into a tool
of control shows his much deeper understanding of human psychology than
that evident in Huxley’s novel. "
…
After two significant corrections during
2018, this has to be the beginning of a “bear market,” right?...
However, despite these concerns, there are three things which suggest the
necessary psychological change for a more meaningful “mean reverting” event
has yet to occur.
1-
Interest Rates
During previous market declines,
where “fear” was a prevalent factor among investors, money rotated from “risk” to “safety” which
pushed Treasury bond prices higher and rates lower. Despite two fairly
strong corrections in 2018, bonds have not attracted the “flight to
safety” as investors remain complacent about the future prospects of
the market.
See Chart:
Interest rate remain elevated as stock
prices decline
2-
VIX
A look at the Volatility Index (VIX)
confirms the same as the bond market. Despite the two corrections, the VIX
never spiked to levels consistent with “fear” that a
correction was in process. Currently, the VIX remains
below the average level of the index going back to 1995 and during the “October
massacre” failed to even rise above the level seen in February of this
year.
See Chart: Despite corrections investors
remain complacent
Necessary addition:
[[ Risk of ww3 create high volatility level.. who wants to invest If the
world is gg to be over? ]]
3-
Gold
Another “fear trade” which
has failed to show any fear is that precious yellow metal. Again, despite two
major corrections, gold has failed to find buyers in
a “safe haven” trade. In fact,
despite consistent calls that gold was needed to offset
inflation, it has failed to find any support from investors who continue to
chase market returns.
See Chart:
…
[[ another
addition
The necessary inflation the system
require to reproduce itself VS.manipulation of gold prices to keep the USD
running in banking g & trade .. is an internal contradiction that will
crack the system unless USD is dropped in favor of IMF one single ‘basket’
currency, other than US dollar. Meanwhile Yuan, euros, ++ will continue
expanding and fast as it happen now .. this explain why those countries are
buying gold, while US is putting down its price artificially. ]]
… Lance Roberts continue..
Here is the point – the pickup in
volatility this year should have dislodged investors out of their “passive
investment slumber.” Yet, there is no anecdotal evidence that such has
been the case. There are two possible outcomes from
this current situation:
- The majority of investors are correct in assuming the two recent corrections are just that and the bull market will resume its bullish trajectory, or;
- Investors have misread the corrections this year and have simply not yet lost enough capital to spark the flight to safety rotations.
Historically speaking, the “herd” tends
to be right in the middle of the advance at very wrong at the major turning
points.
There is mounting evidence that we may
indeed be at the beginning of one of those turning points in the market. If that
is the case, investors are likely going to find themselves once again on the
wrong side of history.
[[ Roberts doesn’t make a point.. You can’t conciliate 2 opposite trends
with empty blah ]]
The “real” bear market
hasn’t started yet. When it does we will likely see traditional “safe
haven” investments telling us so. It will be worth watching gold and rates
for clues as to when the masses begin to realize that “this time is
indeed different.” [[
right but weak conclusion! ]]
…
Here the suggesting readings for this
weekend:
ECONOMY
& FED
- Dem’s Won – Now They Must Deliver by Jonathon Trugman via NY Post
- Washing Machines, Dishwashers More Expensive From Tariffs by Jeffry Bartash via MarketWatch
- The Dog That Isn’t Barking by Joe Calhoun via MyPersonalCFO
- Maxine Waters Set To Take On Wall Street by Stephen Moore via Washington Times
- PG&E Says Equipment Failed Sparking Wildfires by Maria Armental via MarketWatch
- A Surge In Corporate Debt Is A Vulnerability To The Economy by Pedro de Costa via Forbes
- McConnell Calls For Bipartisanship Is Hypocritical by Victor Reklaitis via MarketWatch
- Trump’s Tax Cut Was Supposed To Change Behavior by Jim Tankersley via NYT
- Peak Fiscal IN-Discipline by Scott Sumner via The Money Illusion
- What To Expect From Washington’s “Big 3” by Paul Brandus via MarketWatch
- We Need To Deal With China, Not Tariffs by Thomas L. Friedman
- Japan’s Economy Has A $5 Trillion Problem by Daniel Shane via CNN
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MARKETS
- Albert Edwards: Time Has Run Out by Tyler Durden via Zerohedge
- BofA: The Big Low For Stocks Hasn’t Come Yet by Mark Hulbert via MarketWatch
- Here’s What’s Really Troubling The Market by John Stepek via MoneyWeek
- Who Are The Next Relative Strength Leaders by Dana Lyons via The Lyons Share
- Let Your Winners Run, Dump Your Losers by Jeff Reeves via MarketWatch
- Wrong Way Bet On Asset That Surged 20% Last Week by Mark DeCambre via MarketWatch
- Mr. Market’s Biggest Headwind by Macromon via Global Macro Monitor
- Here’s Is Wall Street’s “Worry List” by Jeff Sommer via NYT
- 5-Reasons Oil Prices Are In A Tailspin by Myra P. Saefong via MarketWatch
- The Last Nail Is In The “Bulls” Coffin by John Mauldin via Mauldin Economics
- This Year Has Been A Trainwreck In Too Many Places by Jeffrey Snider via Alhambra Partners
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MOST
READ ON RIA
- Oil Prices Confirm Global Reflation Is Over by Lance Roberts
- Is It Time To Buy The Homebuilding Sector? by Michael Lebowitz
- Who Is Swimming Naked by Doug Kass
- Markets Are All Flashing Warning Signs by Lance Roberts
- These Are The Headlines You See In A Bubble by Jesse Colombo
- The Economic Consequences Of Debt by Lance Roberts
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WATCH
Interview
with Mike “Mish” Shedlock
...
"In
fact, the bull has turned into a bear in many places"
…
…
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete;
it’s full of frauds & corruption. Urge cambio
One popular delusion is that
America operates under an economic framework of capitalism. In reality, America
hasn’t had a truly capitalist economy since the 19th century...
Investment Grade Junk
All is now bustle and hubbub in the late
months of the year. This goes for the stock market too. If you
recall, on September 22nd the S&P 500 hit an all-time high of 2,940.
This was nearly 100 points above the prior high of 2,847, which was notched on
January 26th. For a brief moment, it appeared the stock market had
resumed its near decade long upward trend.
See Charts:
How Fake Capitalism Works
One popular delusion is that America
operates under an economic framework of capitalism. One where businesses,
and their finances, are free to succeed and fail based on their economic
merits. In reality, America hasn’t had a truly capitalist economy since
the 19th century.
Moreover, the encroachment of government
into the economy has increased over the last several decades. The ratio of
federal government spending to GDP increased from 33 percent in 1973 to about
40 percent today. How can an economy that is
composed of 40 percent federal government spending and extreme central bank
intervention into credit markets be an economy of private enterprise?
Naturally, it can’t..
See Chart:
A little
Illinois data: this is the quasi-bankrupt state in
which the political class now ponders restricting the basic human right of free
movement by blackmail in the form of an “exit tax”. Your property does not
belong to you. You and all you own belong to them.
* * *
So,
too, under a fiat money system, you don’t own your own money. You may think you do. You can see the balance in your
savings account. But at all hours of the day, including holidays, the
value is being extracted from your savings through deficit spending and
policies of mass money debasement. This is why working
and saving money has become an unending run on a treadmill. You can never
get ahead. But you can run faster and faster.
See Chart:
…
…
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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 again
flexes its muscle in the Mediterranean
as sporadic fighting breaks out in Idlib...
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"At bottom, Europe is merely a battlefield for American military power, just
as it was in two previous world wars. One hundred years after the end of World
War I, the same callous calculus for
the imperial planners in Washington is at play..."
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...the electronic interference was "almost
certainly deliberate." ...quite likely that Russia was behind the episode, which jeopardized civil
aviation in addition to other concerns...
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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
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RT EN ESPAÑOL
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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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