ND MAR 25
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
Asian markets caught up with Friday's US pounding, it was
another ugly day for US stocks which spent most of the day in the red, with the
S&P breaching the 2,800 support level, although the Emini failed to drop below 2790 which has
emerged as a new key resistance level.
See Chart:
One possible reason for the solid defense: as Nomura's
Charlie McElligott explained earlier, if and when the S&P dips below the
"gamma" threshold sell level which is around 2777, both dealers and
CTAs would see a pick up in selling, which would then make the market new
"default" direction lower and potentially leading to a retest of the
December lows.
See Chart:
SPX and SPY Combined Gama per 1%vs. Spot
The Nasdaq closed just barely in the red, and even though
most FAANG stocks were green, Apple disappointed, sliding after its major new
services unveiling - including a new credit card, streaming video and a video
game offering - disappointed traders, with the stock closing 1.3% lower.
See Chart:
Today the 10Y yield plunged to the lowest level since 2017
shortly after 2pm, sliding below the effective fed funds rate of 2.40%, only to
stage a modest rebound into the close.
See Chart:
Very concerning was the ongoing slide in the 3 Month-10 Year
spread - the Fed's favorite recession indicator - which briefly plunged as much
as -7bps before recovering the drop to just -3bps.
See Chart:
Looking ahead the question is: will Asia
continue its selling as the US bond market now screams global recession, and
will the S&P finally breakdown as it breaches the next support level of
2,777 and if so, will it retest the December lows over 400 points lower, as so
many bears have recently predicted.
…
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Why does the Fed ignore asset valuation models that do work over the long haul
in favor of economic models that admittedly have an "uncertain distance between models and reality"?
Check these subtitles with key Qts inside and Charts
Here is a series of questions from your speech to which the American
public deserves answers.
Inflation Targeting Questions
Diversity Questions
Phillips Curve
Inflation Expectations
In your speech, you said "Persistently weak inflation could
lead inflation expectations to drift downward."
Why does it matter?
Scrutiny of elastic vs inelastic items in the CPI shows it
doesn't.
See Chart:
CPI Percentage Weights
Inelastic items constitute just over 80% of
the CPI. Here are some questions for the Fed to ponder.
Inelastic Item Questions
Elastic Item Questions
Inflation Expectation Conclusions
Asset Price Expectations
Home Price Index vs Owner's Equivalent Rent
In 2011, I proposed an HPI-CPI model in
which the Home-Price-Index (HPI) replaced the Owners' Equivalent Rent (OER)
component of the CPI.
Here is a chart from 2013, created by Advisor Perspectives
at my request at the time (my comments in purple).
Towards the end of 2005, real interest rates
were positive according to the CPI, but -4% according to my model.
A similar, but more current Advisor
Perspectives chart suggests the same is
happening now.
See Chart:
House Price Index vs. Owners’
Equivalent Rent
Asset Valuation Models
Numerous metrics including
the Shiller PE ratio,
the Q-Ratio,
and Greenspan's
Valuation Model show we are amidst yet another spectacular asset
bubble.
See Chart:
Shiller PE Ratio
Greenspan Valuation Model
See Chart:
The Buffett Indicator: Corp
Equities to GDP
Final Key Questions
Why does the Fed ignore asset valuation models that do work over the long haul in favor
of economic models that admittedly have an "uncertain distance between
models and reality"?
Why, Jerome Powell?
Unlike others, I do not believe these are purposeful actions by the
Fed for the benefit of banks, so the only logical
answer is the Fed does not properly understand what inflation is, how to
measure it, or the vast array of problems associated blowing asset bubbles.
…
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds &
corruption. Urge cambio
The cult to fraud in US elections:
or OPEN:
My conclusion was this:
“Nada garantiza que lo dicho por quienes están en el
poder sea la verdad. Aun después de haber concluido su mandato.. pueden seguir
violando leyes y pagando –caso H-Clinton- para ocultarla. Es la triste realidad de nuestra América. Por
eso NO debemos votar por Dems ni Reps.. Debemos votar
por socialistas para asegurar el cambio radical. Y si los socialistas no
se unen en un FRENTE POPULAR.. la ABSTENCIÓN será la SOLUCIÓN.”
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"Congratulations
to Russia-obsessed Democrats for being the single-most valuable
contributors to the Donald J. Trump 2020 re-election campaign..."
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Yes, a ridiculous, false and deranged conspiracy
theory has been disproven, but the
damage has already been done — and the damage is severe...
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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
It is yet another stunning rebuke to
Prime Minister Theresa May...
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The third power outage this month...
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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
USA Mueller
No hay pruebas del nexo Trump-Rusia
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ALAI
ORG
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RT EN ESPAÑOL
- VEN señala a Guaidó de tramar robo milmillonario al Estado
- Trump reconoce la soberanía de Israel sobre los Altos del Golán
- Gob VEN denuncia nuevo ataque a su sistema de energía eléctrica
- AMLO solicita a España "pedir perdón" por agravios de la 'Conquista'
- Estos son los nuevos servicios de Apple 'al estilo Hollywood'
- USA sueña con interceptar un misil balístico intercontinental
- "Guaidó puede volver a ser matón de la calle": pues "falló" golpe en Ven
- Parlamento británico toma el control del Brexit de manos del Gobierno
- Keiser Report "Muerte y prisión lo que mas produce el sist capital USA"
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts
that favor WW3
-NZ Terror uso ISIS Tact to Divide, and People
Are Buying Into It By Matt Agorist
-Trump Is Netanyahu’s Man and the US Media Are
Imbeciles By Paul Craig
Roberts
-AIPAC Is Coming to Town – Again! By
Philip M. Giraldi
-Read Attorney General W Barr’s Summary of the
Mueller Report By Attorn Genl
-US Posts The Biggest Monthly Budget Deficit
In American History By M Papenfuss
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Jonathan Cook Three
Lessons for the Left from the Mueller Inquiry
Jack Rasmus The
Capitulation of Jerome Powell and the Fed
John Feffer After Trump
Lawrence Wittner What
Democratic Socialism Is and Is Not
Henry Giroux The
Ghost of Fascism in the Post-Truth Era
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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..
- British MPs take control of Brexit
- China protest new Taiwan strait sail-by from US navy
- Large new blackout strikes Venezuelan capital
- 7 injured as Israel intensifies attacks on Gaza Strip
- Pence attacks 2020 Dems for anti-Israel move
- Trump’s move on Golan will lead to war with Israel: Experts
- Saudi war has failed despite US support: Yemen's Houthi
- France bans Iran's Mahan Air under US pressure
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