ND APR 11 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
US Economic situation today
Liquidity drying up?
US equities were mixed with
Trannies the biggest clear winner. Every effort was made to get the S&P
green and they succeeded...
See Chart:
It was an odd day for stocks -
Dow Futures traded in a 30 point range for hours (ignoring the typical chaos
around the open), before tanking at the EU close...
See Chart:
The
S&P 500 is up 13 of the last 14 days in the last hour of the day (and the only down day was 4/2 with a 0.01% drop in
the last hour)...
See Chart:
Treasury yields rose (despite
stock weakness), jumping 3-4bps across the curve...leaving the curve flat to
higher in yields on the week...
See Chart:
With 10Y back above the 2.50%
level...
See Chart:
The Dollar surged on the day -
ending a 3-day losing streak - back above 97.00...
See Chart:
Commodities were down across
the board...
See Chart:
Finally, amid all
the chatter and worries about President Trump, deficits, debt-loads,
petrodollar threats, and on and on... USA Sovereign risk (default/devaluation)
tumbled to its lowest since Lehman...
See Chart:
Are stocks starting to
recognize that the liquidity buffer is fading...
See Chart:
…
SOURCE: https://www.zerohedge.com/news/2019-04-11/stocks-bonds-bitcoin-bullion-sink-usa-risk-plunges
----
----
"It appears that history is being repeated
– too tight for too long, slower
growth, lower rates..."
The parallels to the past
are remarkable, but there appears to be one fatal similarity – the Fed appears
to have a high sensitivity to coincident or contemporaneous indicators of
economic activity,
however the economic variables (i.e. money and interest rates) over which they
have influence are slow-moving and have enormous lags.
In the most recent episode, in the last
half of 2018, the Federal Reserve raised rates two times, by a total of 50
basis points, in reaction to the strong mid-year GDP numbers. These actions were done despite the
fact that the results of their previous rate hikes and monetary deceleration
were beginning to show their impact of actually slowing economic growth.
The
M2 (money) growth rate was half of what it was two years earlier, signs of diminished liquidity were appearing
and there had been a multi-quarter deterioration in the interest rate sensitive
sectors of autos, housing and capital spending.
See Chart:
See Full letter
below at
...
SOURCE:
----
----
Americans
have weaponised the dollar, bringing
an urgency to China’s and Russia’s deployment of gold... nothing lasts forever.
Life
in the world of gold bullion is full of mysteries. Each mystery is like a straw in the
wind, which individually means little, but tempting us to speculate there’s a greater meaning behind it all. Yes,
there is a far greater game in play, taking Kipling’s aphorism to a higher level.
One
of those straws is Russia’s continuing accumulation of gold reserves. Financial pundits tell us that this is to avoid being beholden to
the US dollar, and undoubtedly there is truth in it. But why gold? Here, the
pundits are silent. There is an answer, and that is Russia understands in
principal the virtues of sound money relative to possession of another
country’s paper promises. Hence, they sell dollars and buy gold.
Then
there is China. China has started announcing monthly additions to her gold reserves.
China is up to her neck in dollars, and the relatively minor monthly additions
to her reserves really make little difference. However, the link between the
gold exchanges in Moscow and Shanghai strongly suggest Russia and China are
coordinating gold dealing activities.
In any event, China now dominates physical bullion
markets.
The next credit
crisis could change everything
The transfer from a
dollar-centric world to gold-backed roubles and renminbi will continue to be at
a pace determined by the monetary mistakes of America.
Politicians are
ill-equipped for a monetary crisis
Dream on,
folks! They will struggle to extricate themselves with
the only means at their disposal. More money. More socialism. More raping the
productive economy by accelerating wealth transfer through monetary debasement.
They know nothing else. They have not only deceived their voting public, but
they have deceived themselves.
If the world moves only half-way to a 1930s depression, the rate of
monetary expansion to bridge the widening chasm between tax receipts and
welfare obligations will be so great, it will likely lead to the end of the
dollar, the end of the euro and the other currencies which copy them. Even the
hitherto Teflon yen will be threatened with immolation.
The
wise heads in China foresaw this in the last century, which is why they
appointed the Peoples Bank to handle the state’s gold and silver purchases
under government instruction.
America cannot
escape the consequences of ending Bretton Woods
Reuters
reported that Saudi Arabia was considering abandoning the pact as a response to
an American threat that OPEC would face anti-trust lawsuits.
The dollar’s
role in pricing and settling all commodity and energy prices has given the US a
strong grip on international affairs and capital flows.
Foreigners
have already started selling dollars, evidenced in recent data from the US
Treasury.
The free ride
at foreigners’ expense appears to be over, and domestic US investors will have
to start buying and pricing US debt realistically in the face of foreign
divestment.
A
golden haystack is around the corner
The
dollar’s plight is reminiscent of the events that led to the collapse of the
London gold pool in the 1960s. Too many
dollars were in foreign hands, driving foreign governments (notably the French
but also the Germans) to swap dollar surpluses into gold under the Bretton
Woods Agreement. Gold’s relative valuation in dollars
is remarkably similar today, illustrated in the chart below.
See Chart:
USD Gold Price adjusted for FMQ
since 1934
In this chart,
the price of gold is deflated from its 1934 fix at $35 by the increase in the
quantity of fiat money, which includes money in circulation as defined by the
Austrian Money Supply metric, plus money not in public circulation but held at
the Fed, principally as bank reserves. Adjusted in these terms, the gold price
is close to the level seen in August 1971 (shown by the pecked line), when
America was forced to abandon the Bretton Woods Agreement. The tensions from a valuation
perspective therefore confirm a far higher gold price is very likely.
All
that’s needed is a trigger. China has cornered the bullion
market. Russia is selling dollars for gold and appears to be paving the way for
gold to circulate domestically. A deep recession, perhaps replicating the 1930s
depression, is becoming more likely by the day. Massive monetary inflation will
be required to prop up Western governments. Foreigners own too many dollars for
these developing conditions. The world’s impending
economic failure is entirely down to the continual debasement of fiat
currencies, a practice that will be brought to a head by the ending of
the current credit cycle.
Golden straws in the wind? They appear to be
blowing off a haystack of them just around the corner.
…
----
----
Investors
are inexplicably pulling more money from the biggest emerging-market bond ETF
than at any time in the past year.
See Chart:
CHART of THE DAY: Cross- Assets Vol Testing the Lows
Meanwhile: FX flows shows a bigger part of the FX vol weakness may be attributed
to a falling VIX. Indeed, CFTC positioning data show a significant build-up of
speculative VIX future shorts, which has coincided with falling FX vols. As a percentage of the open interest, VIX shorts are exceeding levels prior to
major de-risking episodes in January and October 2018.
See Chart:
As Bloomberg shows in the chart below,
even with the S&P back near all time highs, and with global stocks at 6
month highs, investors
are inexplicably pulling more money from the biggest emerging-market bond ETF
than at any time in the past year - even more than during the depth of the
December mini-bear market.
The $16.5 billion J.P. Morgan Emerging
Markets Bond ETF, the biggest ETF dedicated to EM debt, is heading to its worst
week of outflows since February 2018, when the so-called volmageddon wrecked vol
shorts and crushed EM longs. And while the catalyst is
still unknown, the signal is there as investors have pulled $482 million from the EMB fund.
See Chart:
Bond Bears
…
SOURCE: https://www.zerohedge.com/news/2019-04-11/ominous-signal-hints-coming-emerging-market-turmoil
----
----
Given
the latest data points, the Fed is clearly not on the same page as everyone
else... it
is more negative on growth...
See Chart:
Perhaps
this explains why 10-Year US Treasury growth expectations are making a new
break lower for the year as 10-Year TIPS are ticking to new low yields for the
year as of this writing.
….
SOURCE:
----
----
US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete;
it’s full of frauds & corruption. Urge cambio
“Who controls
the past controls the future. Who controls the present controls the
past.”
====
"Curious
eyes never run dry in my experience."
====
"it's
not my thing..."
====
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
will "be really good to get
him back on United States soil."
----
----
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
----
----
NOTICIAS IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION
====
ALAI ORG
====
RT EN ESPAÑOL
- 'INA Papers': La filtración sobre la presunta cuenta de Lenín Moreno en Panamá a la que WikiLeaks atribuye el arresto de Assange
- Correa tras el arresto de Assange: "Lenín Moreno es el traidor más grande de la historia ecuatoriana y latinoamericana"
- Dan a conocer las reglas de operación de la Guardia Nacional de México
- La sonda israelí Beresheet se estrella contra la Luna
- Senador Rick Scott: "Tendremos que considerar a activos militares del US para llevar ayuda a Venezuela"
- Decisión de Moreno acerca de Assange fue acordada con EE.UU. a cambio de un préstamo
- Ven afirma que Guaidó, Leopoldo López y un grupo de opositores planificaron el bloqueo de las tarjetas de débito
- Lo que conocemos gracias a WikiLeaks
- Keiser Report La produc de petrólde esquisto es "claramen una estafa Ponzi"
----
----
INFORMATION CLEARING HOUSE
Deep on the US political crisis:
neofascism & internal conflicts that favor WW3
----
----
COUNTER PUNCH
Analysis on US Politics & Geopolitics
Vincent Navarro Causes
of Growth of Populism on Both Sides of the N= Atlantic
Teresa L. Ebert – Mas’ud
Zavarzadeh What is Socialism?
Lindsay Koshgarian Making
a Killing: Tax Day as Pay Day for Military Contractors
----
----
GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that
leads to more business-wars from US-NATO
allies
----
----
DEMOCRACY NOW
Amy Goodman’ team
----
----
PRESS TV
Resume of Global News described by
Iranian observers..
-----
===
No hay comentarios:
Publicar un comentario