ND
DEC 31 19 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
El colapso
economico se agrava:
1-
AND
EXPECTATIONS FOR STOCK MARKET GAINS ALSO FADED...
See Chart:
CONFERENCE Board Consumer Confidence
YoY
See more charts at
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2-
In the end,
the preemptive liquidity
tsunami unleashed by the Fed in mid-December which backstopped just
shy of $500 billion in liquidity, proved enough to keep any latent repo market
crisis at bay.
As a result of the Fed's massive, preemptive liquidity
backstop, the overnight G/C term repo rate quickly
dropped back to a subdued, and quite normal, 1.55% after starting the day north
of 1.80%. ..
See Chart:
This happened after only $8.3 billion showed up for the 15
day term operation out of a possible $35 billion On Monday. And, as Curvature's
Scott Skyrm explained yesterday, turn rates rallied and
the Fed RP term operation was well underperformed.
See Chart:
“Turn” trading: 2019
The true level of cash in the
market, excluding Fed intervention, has collapsed and once again THE ENTIRE
FINANCIAL SYSTEM IS LIVING ON FED GENEROSITY.
See Chart:
FED RP Operations: Total Cash
actually in the Market
….
SOURCE: https://www.zerohedge.com/markets/year-end-repo-crisis-ends-whimper-amid-massive-liquidity-glut
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Focus on Last chart: "you are here"...
The global
bond and stock markets added $24 trillion in market value($17.5 tn stocks, $6.5 tn in bonds)
See Chart:
Normalized as of 12/31/2018 Last Price
The Dollar
ended 2019 at the same level it started - but stocks, bonds, and gold all
rallied on the heels of an unprecedented surge in global liquidity...
See Chart:
Remember,
correlation is not causation, especially when your career depends on people
thinking you're a guru stock-picker...
See Chart:
Globla stocks vs Global liquidity proxy
And as central banks spewed
liquidity, they stomped on the throat of all risk in all asset classes...
See Chart:
Last Price
In global equity land...
- FTSEMIB (Italy) - best year since 1998
- CAC - best year since 1999
- Europe 500 - best year since 2009
- MSCI World - best year since 2009
- DAX - best year since 2012
- IBEX (Spain) - best year since 2013
- S&P - best year since 2013
- SHCOMP (China) - best year since 2014
- FTSE - best year since 2016
- Dow - best year since 2017
In the US, Trannies lagged as Nasdaq
soared (but everything was green)...
See Chart:
All of which makes perfect sense,
because fun-durr-mentals...
See Chart:
And it's not just 2019...
See Chart:
This won't end well...
Chart DELETED…
SABOTAJE
Amid considerable intra-year vol,
Momo and Value ended only marginally lower...
See Chat:
Credit protection dramatically
outperformed equity protection (thanks to a late collapse in spreads)...
See Chart:
- 30Y Yields fell their most since 2014
- 2Y Yields fell their most since 2008
- 2s30s yield curve steepened 29bps - the first year the curve has steepened since 2013
See Chart:
The B-Dollar tumbled into year-end,
erasing its gains against a broad trade-weighted basket of fiat malarkey...And the three legs lower all started as the
"Phased One" deal with China was 'completed'...
See Chart:
And while the dollar's slide is
accelerating into year-end against global fiat currencies, it has a long way to
catch down to its weakness against hard assets...
See Chart:
Dollar vs flat
vs Dollar vs gold
Finally, in case you wondered, "you are here"...
See Chart:
….
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
This year I was selecting from Zero Hedge all ARTs on Econ
& Pol that put at risk the life of
working classes. My intention was to force Trump to pay attention to those
problems. In my view productive capital’ interest and
labor interest can be put together to create a Nation-State for all. It
is what Leninn did 1921 with the NEP in RU and what FDR did it in 1935 with NEW
DEALs policies. He created a sustainable US Economy for mor than 40 years. Especulors‘ interest has to be stop or banned. The public
need should prevailed over the private greed. That was the line used to select
art from Z-H.
Hugo Adan. Dec 31 2019
We continue
our tradition of summarizing what our readers found to be the most relevant,
exciting, entertaining news of the year..
To be sure, so far Trump has been successful - although the
correct word is lucky - in that the stock market
cooperated in 2019 when it returned an impressive 28.50%, just shy of the best
annual return in the past 22 years when it posted a slightly higher return in
2013. Indeed, the S&P has returned more than 50% since
Trump was elected in 2016, more than double
the 23% average market return of presidents
See Chart:
Trump’ Market vs. the average
Because the tradeoff of pulling years if not decades of growth from the future means that we ended 2019 with global
debt of a record $255 trillion, up from $185.4
billion at the start of the decade, and a staggering 330% of global GDP, a
level which not even the most liberal economists harbor any belief will have a
happy ending.
See Chart:
Global debt in Trillion of USD
The best summary of this came from Bank of America which in
a moment of striking honesty, said that "central banks are cutting like it's a crisis" and indeed, the number
of rates cuts into late 2019 matched those last seen during the 2008/2009
financial crisis when the global financial system was on the verge of collapse.
And yet, this time the global economy was growing at a solid, if not
stellar pace (or so we were told), there was no
imminent crisis on the horizon with global stocks
already trading near all time highs.
See Chart:
Central Banks cutting like it is a
crisis
Contiue reading at:
SOURCE: https://www.zerohedge.com/markets/2019-greatest-hits-most-popular-articles-past-year-and-look-ahead
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"Unfortunately the House impeachment of the President has greatly
increased the likelihood that Donald Trump will remain the President for the
next 5 years..."
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If there are IEDs on
Trump’s road to reelection, they may be found in the Middle and Near
East, land of the forever wars, and North Korea...
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"...findings illustrate the importance of declining economic opportunity as an underlying
factor associated with the opioid overdose crisis."
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K-, D rest in limbo
A miracles’man made in China planned
to resurrect a rotten cadaver.. “pero el cadáver .. hay.. siguio muriendo” dijo el poeta peruano Cesar Vallejo. Y un novelista, -también peruano- dijo “Nunca
al final del año existen milagros, ocurren en cambio desastres”
"I will be signing
our very large and comprehensive Phase One Trade Deal..."
….
Quizá solo encuentran placer mundano
mintiéndose uno al otro. Es que acaso son Presidentes Locos?.. Quizá sean locuaces, pero no
milagreros.
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...and a
happy new year to you too!
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Global
markets and US index futures dipped on the last day of the year after
retreating from record highs in the previous session, as a spectacular Wall
Street rally which saw the S&P return almost 29% in 2019 fizzled out in the
final days of the decade.
The dollar’s gains for the year have shrivelled in December. The buoyant end-of-year sentiment enocouraged
investors to buy up currencies linked to trade and
global growth, sending many such as the Australian dollar, Chinese yuan and
Scandinavian crowns to multi-month or multi-week highs against the greenback.
See Chart:
Bloomberg Dollar Index
….
SOURCE: https://www.zerohedge.com/markets/futures-slide-last-day-stellar-year-dollar-tumble-accelerates
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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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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
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RT EN
ESPAÑOL
-US. enviará 750 soldados a Oriente Medio tras el
ataque a su embajada en Irak https://actualidad.rt.com/actualidad/338452-eeuu-enviar-soldados-oriente-irak
-Trump tras ataque a Embajada US. en Bagdad:
"¡Irán pagará un precio muy grande! Esto no es advertencia, es amenaza"
https://actualidad.rt.com/actualidad/338439-trump-ataque-embajada-eeuu-iran Trump miente: No hay evidencia sobre Iran. Si hay
evidencia de que el US asesino miles Irakies el 2001 y con pretexto falso. Hoy:
tit x Tat
-Tras amenazar a Irán, Trump dice que le gusta la
paz y no quiere una guerra con Teherán https://actualidad.rt.com/actualidad/338455-trump-asegurar-no-querer-guerra-iran
.
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Vijay Prashad India’s
Democracy is Facing an Existential Threat
Laura Carlsen As
Honduras Collapses, Its People are Forced to Flee
Elliot Sperber After the
Inferno
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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
Amy Goodman’ team
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