ND APR 5 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 Economy today: HERE Your “Everything
is awesome” Plan
Remember Sunday... when a
single Chinese 'soft' data survey beat prompted panic-buying around the world?
Well, by the end of the week, Global macro data had
extended its decline (but that never stopped stocks)...
See Chart:
Because
only one thing matters... "a trade deal"
See Chart:
Trade
Deal Story Counts vs. Vix
Never
mind though, the market is not the economy and so "It's not the economy,
everything is awesome, stupid!"
China
was closed last night but the last five days have been insane in Chinese stocks
leaving ChiNext up over 9%... (SHCOMP's 2nd best week since March 2016 to its
highest since March 2018)
See Chart:
China
is leading the world with another leg higher, crushing Europe and US...
BUT
We can
still send more weapons to Taiwan.. Enjoy!
See Chart:
Odd day
for The Dow, rallied after the close on Xi comments, ripped on the jobs data,
dumped at cash open, dumped after Europe close, then pumped and dumped into the
close...
See Chart:
And the
jaws between bonds and stocks remain the widest...
See Chart:
And the
10Y Yield remained below 2.50% (and 30Y below 3.00%)...
See Chart:
Inflation
Breakevens were up on the week but flatlined the last few days even as Oil
exploded...
The
Dollar ended the week unchanged (despite all the excitement over a trade deal)
despite some volatility intraweek...
See Chart:
Cryptos had their best week of the year with
Bloomberg's Galaxy Crypto Index up 21.5%... led
by Bitcoin Cash and Litecoin.
See Chart:
As an
aside, Copper/Gold and the UST 10Y yield have recoupled (just like Jeff Gundlach said)...
Finally,
it's different this time... for now...
See Chart:
And
while 'risk-on' is in full swing, positioning in 'risk-off' assets is not
playing along with the theme at all!!
See Chart:
S&P vs. Complacency Index
And
remember, Q1 was hedge funds' worst start to a year since 2012 (presumably
since they follow some rational investment thesis that simply does not compute
with the new normal equity market)...
….
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"I personally think the Fed
should drop rates, I think they really slowed us down, there's no inflation, in
terms of quantitative tightening, it should really be quantitative
easing..."
TRUMP SAYS FED SHOULD DROP RATES,
STOP QUANTITATIVE TIGHTENING
...Trump's comments show that
he won't let up the pressure on Jerome Powell after reportedly trying to
replace him with Kevin Warsh, and declaring Powell one of the worst hires of
his administration.
"I
personally think the Fed should drop rates, I think they really slowed us down,
there's no inflation, in terms of quantitative tightening, it should really be
quantitative easing...you would see a rocket ship. Despite that, we're doing
very well."
On the subject of the US-China
trade negotiations, Trump said he didn't want to predict that a deal would
happen, and defended his decision to tweet a video mocking Joe Biden's history
of inappropriately touching women, saying he didn't see Biden as a threat. He
also said he wouldn't be attending the White House Correspondents dinner
because it's "too negative" and that he would be holding a rally instead.
Trump's rate-cut comments were
echoed by Larry Kudlow, one of his top economic advisors, who said during an
interview Friday morning that the US economy "could do with a rate
cut."
Trump's
comments provoked and immediate response in yields and the dollar.
See Chart:
Payrolls vs. Trump QE
The administration's calls for
a rate cut come after the yield curve briefly inverted last month, which
economists worry could portend a recession in the indeterminate future.
Of course, Trump didn't always
feel this way about the virtues of loose monetary policy.
Trump: The Fed's reckless policies of
low interest and flooding the market with dollars needs to be stopped or we
will face record inflation.
Now that the president has
officially started the conversation about QE4, how long until mainstream
economists follow suit?
…
[[ Trump:
in the road of Erdogan in Turrkey .. continue blackmailing people n you out.
The going down of Capital reproduction doesn’t depend on a Minist of Econ.. it
is the neoliberal system that became obsolete.. you can print more USD.. it
won’t solve not]]
…
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Whether they want to or not,
Americans continue to drown even deeper in debt, and enjoying every minute of
it.
As shown in the chart below,
there has been a decisive slowdown in total monthly consumer credit creation, which has shrunk notably from $26 billion last July to just
over $15 billion in February.
See Chart:
Sequential
change in revolving & non revolving Credit (SMM)
Revolving
credit increased by $3.0 billion, an increase from January's $2.6 billion,
rising to $1.061 trillion, a new all time high in total credit card debt
outstanding.
See Chart:
There was a small decline in
the monthly increase in non-revolving credit, i.e.
student and auto loans, which jumped by $12.2 billion, down from the $15.1
billion increase in January, and bringing the nonrevolving total also to a new
all time high of $2.984 trillion.
See Chart:
And while February's continued
rebound in credit card use may assuage some concerns about the sharp slowdown
in spending in the end of 2018 and start of 2019, and the subsequent plunge in
retail sales, as the household savings rate surged by the most in years, one
place where there were no surprises, was in the total amount of student and
auto loans: here as expected, both numbers hit fresh
all time highs, with a record $1.569 trillion in student loans outstanding, an
impressive increase of $10.3 billion in the quarter, while auto debt also hit a
new all time high of $1.154 trillion, an increase of $8.4 billion in the
quarter.
See Chart:
Student
vs. car loans
In
short, whether they want to or not, Americans continue to drown even deeper in
debt, and enjoying every minute of it.
…
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"To
be clear, the failures of the American worker are not failures of
capitalism. They’re failures of
America’s brand of a centrally planned economy. "
A Growing Gap
The first quarter of 2019 is
over and done. But before we say good riddance. Some reflection is
in order. To this we offer two discrete metrics. Gross domestic product and government debt.
See Chart:
US GDP
(nominal) US Federal Dept (total public
debt)
US nominal GDP vs total
federal debt (in millions of USD) – government debt has exceeded total
economic output for the first time in Q4 2012 and since then its relative growth
trajectory has increased – and it seems the gap is set to widen further. [PT]
GDP for the quarter, as
estimated by the March 29 update to the New
York Fed’s GDP Nowcast, grew at an annualized rate of 1.3 percent.
For perspective, annualized GDP growth of 1.3 percent is akin to getting a 1.3
percent annual raise. Ask any working stiff, and they’ll tell you… a 1.3
percent raise is effectively nothing.
By comparison, the U.S. budget
deficit for fiscal year 2019 is estimated to hit roughly $1.1 trillion.
This amounts to an approximate 5 percent increase of the current $22.2 trillion national debt.
In other words, government debt is increasing about 3.85 times faster than
nominal GDP, which is about $21
trillion.
These two metrics offer a rough
perspective on the state of the economy. Deficit
spending is grossly outpacing economic growth. Heavy treatments of
fiscal stimulus are being applied. Yet the economy’s practically running
in place. In short, the state of the economy is
not well.
…
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
... the people who are after [Assange] are the very same people
who have been after you for 3 years, and who will double their
efforts after suffering a huge loss due to Robert Mueller’s No Collusion
report...
====
"Hey, I’m under
audit."
====
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
Just say 'no'...
See Chart:
====
Yeah, that sounds about right...
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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
ALAI ORG
====
RT EN ESPAÑOL
- USA Congre demanda a Trump por decl emerg nacio para con muro
- EE.UU. impone nuevas sanci a Ven para cortar "salvavi a Maduro"
- El precio del dólar paralelo en Ven sufre un "frenazo": ¿Qué ocurre?
- Arabia Saudita amenaza con dejar de vender el petróleo en dólares
- Erdogan: por qué Turquía prefirió los S-400 rusos a los Patriot de EE.UU.
- Marco Rubio pide incluir Gob de Maduro en la lista de terroristas
- EE.UU. calificará las fuerzas de élite de Irán como org terrorista
- FMI autoriza desembolso de 10.870 millones de dólares para Arg
- Niños dan ejemplo: club de fútbol une ISR y PAL en medio de la tensión
- El Zoom 70 AÑOS DE LA OTAN: ¿ALGO QUE CELEBRAR?
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
Andrew
Levine Russiagate
is Not Watergate
Melvin
Goodman The
Case Against the CIA’s Censors
Jonathan
Power The
CIA: Surprise, Kill, Vanish
Jill
Richardson The
Death Penalty is Getting Crueler
Binoy
Kampmark Terms
of Asylum and Distract: Moreno’s Assange Prob
Mike
Miller Complicity
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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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