viernes, 15 de marzo de 2019

ND MAR 15 19 SIT EC y POL



ND MAR 15  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

[[ This is the best historic view on US Economy ]]
U.S. total cross-border investment outflows rose to $143.7b in January, on top of December's outflow, this is the biggest 2-month outflow since Feb 2009...
U.S. total cross-border investment outflows rose to $143.7b in January, that is the biggest net monthly outflow since Sept 2016...
See Chart:
US Treasury International Capital. Net Monthly Flows

This is the largest two-month Net TIC outflows since February 2009
See Chart:

And the largest 12-month average sales since June 2016...
See Chart:

The breakdown of the outflows show that US Stocks were heavily sold...
See Chart:

IN FACT, FOREIGNERS DUMPED THE MOST US STOCKS SINCE SEPT 2015...
See Chart:
See more charts: check foreign buyers : JAP, China, Saudis
So, January's stock market surge was all domestic flow driven.
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Current US Econ situation: the collapse is close,, Trump re-elec  : in severe danger    La tonada latina vuelve:  mambru se va a la Guerra.. tururun tururun tonton.. mambrú se va a guerra y ya no volverá.. ah ah.. y ya no volverá.
10Y Treasury yields lowest close since Jan 2018 and stocks ever-bid...
See Chart:

...despite sliding EPS expectations and macro data...
See Chart:

Chinese markets closed green once again as two Friday pumps rescued them from the red - a terrifying thought after last week's loss.
While Europeans got the higher stocks this week
In the US the Nasdaq Composite was best week since November, but the late-day weakness (as quad-witch bias fades) took the shine off of things...
See Chart:
NOTE: the opening panic-buying almost every day this week.

The week's biggest gains were thanks to a huuge short-squeeze but the last two days suggest they have run out of ammo once again...
See Chart:
Most shorter stocks

FANG Stocks had their best week in 2 months but began to lose momo into the end of the week...
See Chart: Fang Stocks

VIX collapsed to a 12 handle today and credit spreads continued to compress...
See Chart:

Treasury yields fell across the curve on the week but 30Y underperformed, scarping along at unchanged...
See Chart:

10Y Yields saw the lowest weekly close since Jan 2018..
See Chart:

OJO: The short-end of the yield curve has now been inverted all year, reaching its record inversion this week...
See Chart:

Market expectations are now for a 16bps rate CUT in 2019, the most dovish since the early Jan crash...
See Chart:

This week was the dollar's worst week of the year (since early December)
See Chart:

Despite the dollar dump, only WTI managed solid gains as Copper (China) and PMs basically brokeven...
See Chart:

And finally, pigs got slaughtered this week but Lean Hog futures enjoyed theirgreatest weekly gain on record...

Bloomberg explains that as nasty hemorrhagic virus in pigs might be throwing a lifeline to meat producers who have been badly hurt by the U.S.-China trade spat. As the highly-contagious African swine fever devastates Asian herds,Chinese hog inventories are tumbling, and buyers are turning to the U.S.
But all eyes will be on next week as the Quad Witch drift disappears...
See Chart:  SPX Index
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Earlier this week, Xtract Research described the debt package behind the LBO of Power Solutions as having the worst-ever covenants "by a large margin." That did not prevent the loans and bonds to be more than 3x oversubscribed.
Just how much investor appetite is there for bonds? So much, that even in a week that saw the second biggest equity inflow on record (after a 13 week drought) buying of bonds continued for a 10th consecutive week, rising to $7.01bn from $2.74bn the week prior.
See Charts:

This flood into fixed income continues despite repeated warnings about the dangers of the corporate debt bubble from such investing icons as DoubleLine'sJeff Gundlach and Marathon's Bruce Richards, not to mention the IMF and BIS, who have been focusing on the growing risk of mass downgrades in the $3 trillion BBB-space, which could translate into a tsunami of fallen angels during the next recession.
See Charts:

All this takes place in a time when BBG's Sebastian Boyd reports, junk, leveraged loans and CLOs have all come roaring back this year after an awful fourth quarter. And while flows have been more than supportive (unlike equities, at least until this week), supply just isn't there.
See Chart:
Credit Market on Fire
"It's a borrower's market, and that means there's an increased risk of deals getting financed when they would've struggled a few years ago."
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...we know from past cycles that in the early stages of recession many market participants - and, crucially, central banks - mistakenly view a stall in rate rises or actual rate cuts as stimulatory.

Life after death for asset inflation: this is what happens when “speculative fever” remains high even after monetary inflation has paused. This may well have been the situation in global markets during 2019 so far. But history and principle suggest that life after death in this monetary sense is short.
Readers may find it odd to be talking about a pause in monetary inflation at a time when the Fed has cancelled programmed rate rises and the ECB has embarked (March 7) on yet further “radical” policy moves. Moreover, the “core” US inflation rate (as measured by PCE) is still at virtually 2 per cent year-on-year.
Yet we know from past cycles that in the early stages of recession many market participants — and, crucially, central banks — mistakenly view a stall in rate rises or actual rate cuts as stimulatory. Later with the benefit of hindsight these policy moves turn out to be insufficient to prevent a tightening of monetary conditions already in process but unrecognized.
Under a fiat money regime, monetary tightening can occur in the transition of a business cycle into recession, despite the opposite intention of the central bank policy-makers, due to endogenous factors such as an undetected increase in demand for money or a fall in the underlying “money multipliers.” Quite possibly, what the markets first celebrated as a seeming Fed put eventually turns out to be a sick joke.
In the late stage of a business cycle expansion an upward drift of prices can form under the hypothesized sound money conditions and this may be happening in the present even as monetary inflation has waned.
In sum, a late cycle rise of prices could be a false positive test of monetary inflation.
In the US, the lack of obvious non-sustainability in a broad spending aggregate does not mean there is no recession danger — just the searchers for this must dig deeper. In particular, the overall mal-investment might be even greater than usual but concentrated in a few sectors where the speculative narratives have been intense — whether Silicon Valley or shale oil and gas. Mal-investment only shows up in many cases once the asset inflation and cycle expansion have come to an end.
Fearing the Long Term
A plausible part-answer is that everyone and their dog know what the Federal Reserve and other central banks have been up to and all along have feared the eventual crash and great recession. Hence there has been a tendency for business owners to eschew long-gestation investments and focus on generating high returns via financial engineering instead (camouflaged leverage, momentum trading, carry trades).
Whatever the causes for subdued business capital investment overall in this cycle and more broadly for “real economic moderation” there is every reason to expect the real economic moderation which has coexisted with a wild monetary environment to end in immoderation. The illusion of economic moderation has fanned the carry trade into high yield credit and more broadly equity market valuations – and so the fall will be all the greater.
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Read the full article at:
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

The Senate voted this week to cease US support for the Yemen war, but Pompeo says Congress must stand by Saudi Arabia. 
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                [[ Los pedos de Pom-pedo  son tan hediondos como los de su jefe Trump ]]
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The goal of the DOJ was to "make sure they hear no evil, see no evil -- they had no interest in pursuing the truth."
[It doesn’t matter.. la pedophile & greatest buyer of election is out of the race]
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Hysterias don’t last forever, but the economic depression ahead will last a long, long time, and the nation will have to find some way to adjust to a lower standard of living...
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"We are in the midst of a very, very dangerous time..."
We are in the midst of a very, very dangerous time. Anyone who still believes in the power of the vote to reconcile our differences has not been paying attention. The time for campaigning things away has come and gone and there will never- until this conflict settles matters in flesh and blood- be a coming together of one side with the other. It is purposeless at this point to reason with one another, sides have been clearly drawn and like a family dispute, everyone knows where everyone else stands on the matter.
What most of us do not consider, however, is that all of this, every epic meltdown and scandalous exposure is all a part and parcel of a perfectly natural cycle that has been going on for as long as mankind has existed. It’s what we do. Maybe, if we begin to look at it from that perspective instead of taking it personally, we’ll be able to keep the wheels from falling off of our personal lives, even if everyone else loses theirs.
1) Conflict is why we’re successful as a species. Human beings are soft. We aren’t fast, we’ve got no armor, spines, poison or spray to defend ourselves from attack, our hearing and sense of smell is marginal at best and we’ve got neither fangs nor claws. It takes us more than a decade from our birth to be even nominally able to defend ourselves and when it gets dark our eyesight leaves us virtually blind. And yet we’re still here, more than that we’ve become the dominant species on the planet.
Long periods of peace for collectives are like long periods of indolence for individuals.
It weakens us and leads to corruption of our spirit as human beings. If there’s no conflict, we create it. Never has it been more clear than in our modern era. Things are going so well that people are ready to engage in a revolution if people fail to use the preferred pronoun. This conflict isn’t something we can avoid, and it is, in fact, something we actually need.
2) Human beings manifest reality. Large numbers manifest it in a way that is supernatural. The shared joy or bloodlust that takes place on the scale of tens of thousands or even millions is an incomprehensible concept to the individual.
The anger that the current body politic feel for whatever bugbear they embrace is magnified, an ever expanding, anger that becomes societal in it’s dimensions until it cannot be contained any longer by the traditional methods of civility and lawful order. What has happened isn’t anyone’s particular fault, but we all played a role in creating it by buying a ticket to the show. Every tweet, every vote led inexorably to this place and once the collective golem has some life breathed into it, it takes on a form and life of it’s own and it will use us for it’s own ends.
3) Cycles apply to everything. There is no living thing under the Sun that can escape that reality. Some get the best part of run and some get the caboose end and you get what you get and you don’t get upset. We just happen to live in the eponymous Fourth Turning. Please keep your hands inside and enjoy the ride.
4) In our case the decade after decade of indulgent behavior, increasingly deranged public mores and the atrophy of comfort have turned us into a bloated and corpulent monstrosity in need of a intervention. America is the house that’s been left to the teenagers for the weekend and the parents names are Menendez. This time around the parents have gotten lazy and the kids have been deranged by too much of everything and they both have had enough. There’s no telling which side winds up victorious, but just about everyone on both sides of the divide are ready to rumble.
5) It’s all good, man. While no one knows how things are going to work out in the end, the odds are always in your favor. Civilizations rise and fall, states and nations come into existence and vanish with hardly a trace, but we’re still here. Just as humanity goes on when someone dies, individual lives go on amidst the ruins of fallen empires. Chances are most people will come out the other end, same as it ever was.
It’s always wisest to prepare for every eventuality and even then there are no guarantees, but those who pay attention to the signs and stay above the fray stand a much better chance of breaking on through to the other side, and if not us, hopefully our offspring. It’s a bummer to have to watch the end of what was a pretty bad ass civilization come tumbling down because much feelings, but it beats a super volcano or an asteroid strike, not to say that those are not a possibility.
This is our time and this is our conflict and it will not be denied. We all must accept the role we’ve already played laying up piles of fagots at the base of the pyre and we must also live with the consequences. When things go medieval it’s going to require a different mindset than the one we brought with us from the 20th century. Let’s hope we are all ready for whatever comes our way.
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Read the full article at:
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“We had a doctor tell us that it’s 100 percent environmental, the kind of tumor that he has...”
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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

"Japanese courts seem to be more concerned with maintaining social harmony than defending an individual's rights." 
Do it to neo-nazi German.. not to JAP people..Do they sterilized  you in H-N ??
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Massive military maneuvers will be used to secure the country's power grids and water supply systems 
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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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Keiser Report   Negative rates are coming
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes & terrorist imperial chaos

REBELION
Or-P       Jordania  Reivindican cambio económico y político  Laith Fakhri et.al
Opin      Más que nunca:  Vigencia del socialismo  FBA  Domínguez
Econ      Duros escenarios en el planeta Trabajo  Salvador López
Ecua       Hacia un futuro con aroma de pasado  Alberto Acosta
BRA        Manifest en Suiza “El mejor homenaje: solidaridad activa”  Sergio F
Mex       Unas de cal y otras de arena (II y último)  Guillermo Almeyra
Nicaragua   Las negociaciones y los banqueros  Corresponsal
Perú, un “independiente”  S Del Solar, premier “antifuji” y de Concert  César Z
Mex       El informe de AMLO   Eduardo Ibarra Aguirre
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Cuba      Volveremos a otro "período especial"?  Aurelio Pedroso
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ALAI ORG
                EEUU afina nuevas estocadas contra Venezuela   Á Verzi R
                Hacker del imperio y hacker del proceso  Geraldina Colotti  
                Juan “White Dog” ha sido despedido por la CIA   Juan M   
                Observar a AMLO con lupa   Eduardo Ibarra
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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

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COUNTER PUNCH
Analysis on US Politics & Geopolitics

Samantha M. - Angelica Perkins  Our Green New Deal
Evaggelos Vallianatos  Riding the Wild Bull of Nuclear Power
Christopher Brauchli   Banking, Wells Fargo-Style
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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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PRESS TV
Resume of Global News described by Iranian observers..

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