miércoles, 19 de diciembre de 2018

DEC 18 18 SIT EC y POL

DEC 18 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


What started out so hopeful ended in tears and extended the worst December performance since 1931...
See Chart:
S&P 500 December to date Performance


Quite a day for US equity futures markets...
See Chart:


Reminds us of this...
As despite all the talk out of DC, the market is starting to get extremely anxious that shutdown will happen...
See Chart:
US T-Bill Curve   Shutdown Horizon


But today's real headline-grabber was in the energy complex where WTI crashed...once it broke below $50, there was no stopping it
See Chart:


High yield bond prices plunged to their lowest since April 2016...
See Chart:


Treasury yields continued to tumble...
See Chart:


Inflation breakevens plunged to 15-month lows as crude crashed...
See Chart:


The Dollar did one of its now ubiquitous trend reversals again today - dumping overnight and then ramping from the European open...NOTE that the dollar took out the payrolls plunge low...
See Chart:


Gold and Silver extended gains as copper and crude crashed...
See Chart:


Finally, for those still holding out hope for The Fed to save the world tomorrow...
See Chart:
DEC rate hike odds
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"China is unlikely to bail out global growth expectations with an all-out stimulus. Later this week the Fed is unlikely to offer the “put” markets have been looking for. Markets are adjusting to this reality."
See Chart:
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With US equity futures sliding notably after hours on the heels of FedEx and Micron earnings disappointments, US treasury yields have extended the day's drop with 10Y dropping below the 2.80% Maginot Line.
See Charts:
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"The world economy has never faced a more perilous situation. While many have just started to debate whether a recession will start in 2019 or 2020, very few perceive the ’black hole’ the global economy is about to get sucked into..."

‘The Great Stagnation’

The massive market-meddling has left the global economy as both less dynamic (innovative) and more fragile. Bailouts of ailing banks and firms combined with extraordinarily loose monetary policy created an extended period of stagnated total factor productivity (TFP) growth, a “Great Stagnation”.
See Chart:
Global & Regional TSP Growth %


Into the depression

Currently, the global economy faces threats from three fronts.
  • The China slowdown threatens to remove critical support for the global export and import sectors, which will especially affect the Eurozone. Eventually, the slowdown in China will turn into a ‘hard landing’ (see Q-review 2/2017).
  • Retreating artificial global central bank liquidity threatens to bring down the global asset and credit markets (see Q-review 1/2018).
  • Rising interest rates and tightening monetary conditions threaten to bring down the global zombified corporate sector (see, e.g., Q-review 3/2017).

These will hit all sides of the global economy reversing growth of global trade, financial flows and income. There’s absolutely no other end to this than a global depression.
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Short News:
"It won’t be pretty, it will be devastating.It’s impossible to say if it will come to a head in 2019, because the Fed can lower rates a bit again after its recent rate hikes and prop up the zombie for longer..."
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"...as much as we would like to end this note with an upbeat message, the reality of investor risk-aversion is too much on display to say 'buy them right here'..."  See Charts
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"Finally note that $176 billion worth of corporate bonds has fallen from 'A' to 'BBB' so far this quarter - the highest since late 2015...Importantly, and unlike 2015, it's not just oil-related."  See Charts
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This year's Q3 figure represents an increase of 57.7% from the $129.2 billion from Q3 2017. Through the end of the third quarter, buybacks are up 52.6% to $583.4 billion from the prior year's $382.4 billion, leaving the annual total just 1% shy of the previous annual record of $589.1 billion set in 2007. See Charts
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“Global trade has slowed in recent months and leading indicators point to ongoing deceleration in global trade near-term,”  See Charts
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Continue regular news:

"You want this bubble to unwind slowly now, because if you don’t, and let’s say these indicators turn red, you may have to do a lot more crazy monetary stuff and actually it’ll be more of a problem."

Druckenmiller sat down with Bloomberg for an hour-long interviewwhere he warned that market conditions are about to get a lot worse.

The only question, in Druckenmiller's mind, is not whether the selloff will worsen, but by how much? Because the indicators that Druckenmiller used to anticipate the last four downturns are once again turning red, suggesting the "highest probability is that we struggle going forward."

To Druckenmiller, two warning signs stand out: The 20% drop in cyclicals since September...
See Chart:

see more charts at
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" The ghosts of late 2014 are being set upon Jay Powell as he attempts to make the same ultimately wrong prediction as his predecessor..."

I don’t know if Jay Powell was paying much attention back then, even if he was it’s a good bet the Fed’s current Chairman will resurrect the canard this week.
After all, the oil market is returned to practically the same state already. WTI fell below $50 today for the first time in over a year, but more so it’s the way in which it has that raises, or should, alarms.
See Charts:

Yellen was undeterred, at least in public: 
From the standpoint of the U.S. and U.S. outlook, the decline we’ve seen in oil prices is likely to be, on net, a positive. It’s good for families, for households. It’s putting more money in their pockets.

This became the major talking point which would eventually define the galling cluelessness. 
Throughout early 2015, this apologue was repeated over and over and over as if it was, like the unemployment rate, some witch’s enchantment intended to ward off the evil economic spirits.
Here’s but one example from a few months after Yellen in February 2015:
See Chart:
PMT & GDP US

see more chart at:
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio


[[ Go to the source below to read full art…here only extracts ]]

Former FBI Director James Comey appeared December 17th, 2018, for a second round of questions by a joint House committee oversight probe into the DOJ and FBI conduct during the 2016 presidential election and incoming Trump administration.

Director Blue blog's Doug Ross read through most of the septic backflow so you don't need to. You're welcome:
1. Double Standard: Obama vs. Trump
Trey Gowdy grilled Comey on his vastly different handling of comments by Trump and Obama. When Trump asked Comey whether he could see his way clear to easing up on Flynn, Comey memorialized the conversation in a memo and distributed it to his leadership team, including Andrew McCabe and James Baker.

2. According to Comey, Flynn had no right to counsel

3. Comey confirmed McCabe called Flynn to initiate "entrapment"; contradicts himself on counsel

4. Comey lied about McCabe's conversation with Flynn
When asked whether McCabe was trying to set Flynn up by asserting no counsel was needed in the interview, Comey claimed he was unaware of that critical fact. But McCabe, in a written memo, asserted that he told Flynn, "[i]f you have a lawyer present, we'll need to involve the Department of Justice".

5. Comey still falls back on the Logan Act scam to justify his actions
Yes, the Logan Act. When former secretary of state John Kerry meets with various Mullahs while President Trump is unwinding the disastrous Iran deal, there's no crime there!

6. Comey Throws James Clapper Under the Bus
When asked by Jim Jordan about his private meeting with the President to brief him on a very tiny portion of the "salacious and unverified" (Comey's words under oath) dossier, Comey claimed ODNI James Clapper had orchestrated the entire fiasco.

7. Jordan Torches Comey Over His Dossier Comments

8. Comey Concealed Critical National Security Concerns About Flynn From the President
This is quite unbelievable: in a private dinner with the president, Comey neglected to mention that just three days earlier he had directed the interview of Trump's ostensible National Security Advisor.

9. Gowdy Destroys the Double Standard of Clinton vs. Flynn

10. Comey May Have Been Involved With the Infamous Tarmac Meeting
Another interesting vignette, this time from John Ratcliffe:
Mr. Ratcliffe. Okay. So it would appear from this that there had been some type of briefing the day before, with reference to yesterday, June 27, 2016, where you had requested a copy of emails between President Obama and Hillary Clinton.
11. Comey confirms Obama knew Hillary Clinton was using a compromised, insecure email server

Okay, done for now.
But let's recap the activities of Dr. "Higher Loyalty" Comey:
  • Did not investigate the felony leak to the press of the conversation between the Russian Ambassador and Flynn.
  • Did not advise Congress of the "investigation" into Trump-Russia collusion as required by statute.
  • Lied to the FISA court -- another felony -- about Carter Page being "an agent of a foreign power".
  • Wrote an exoneration memo for Hillary Clinton before more than a dozen witnesses, including Clinton herself, had been interviewed.

But, no, there's no double-standard for the aggressiveness of law enforcement when it comes to Democrats like Clinton and Obama.
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Stupidity to accept WW3: we are talking about criem agst PEACE

Would our planet be better off if humanity ceased to exist?
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The report admits: "There are no existing countermeasures."
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Illinois is the nation’s least-prepared state for an economic downturn. When that recession finally comes, Illinoisans should expect to get hit hard.
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US-W ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis+K-, D rest in limbo



After two weeks of draws, API reports asurprise crude build (expectations were for a 3.25mm draw), sending WTI Crude lower...
See Chart:
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"...as the ASSAM congresses demonstrate,Erdoğan seems determined to bring back the Ottoman Empire and a Sharia-governed caliphate."
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Se arma JAP y nadie sabe contra quien.. cualquier pretexto vale

Approves record defense budget as part of $242-billion military overhaul...
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Global manipulation work.. pero nadie sabe hasta cuando

Qatar Petroleum's CEO cited proposed “NOPEC” legislation as deeply problematic...
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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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SHOWS RT

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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes & terrorist imperial chaos

REBELION

                Cómo va el mundo al 2018  Oscar Ugarteche y A Negrete
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                Renta básica y sesgos cognitivos  Daniel Raventós
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                Restricc para obtener asilo agravan crisis humanit  MSF
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OPIN     Miradas desde la dialéctica  Miguel Alejandro Hayes
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Franc      ¿A dónde van los chalecos amarillos"  Pablo Stefanon
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Españ    atentado:  El vuelo de Carrero Blanco  Víctor Arrogante
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ALAI NET

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RT  EN ESPAÑOL

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PARA MAÑANA :
INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
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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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