miércoles, 1 de mayo de 2019

ND MAY 1 19 SIT EC y POL



ND MAY 1 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


“It’s just not a great starting point to already have negative interest rates.... It’s getting more and more difficult for policy makers to respond to headwinds.”
See Chart:
$ Amount of Global debt  with Negative Yiels
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"some asset prices are elevated but not extremely so."
See Chart:
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The hawkish tilt was very evident in the market's implied rate-change pricing...
See Chart:
Market implied 2019  FED rate change

VIX and Stocks continue to decouple...
See Chart:

The dollar followed a similar path, dropping initially and then spiking on "transitory"...
See Chart:

Finally, with today's ugliness in ISM, 'soft' survey data has fallen below its 'hard' data...
See Chart:
Soft data vs hard data
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the entire industry is on the verge of collapse

The Commerce Department on Monday provided new details of the intensifying pressure on farmers hit by the trade war. The report cited a huge decline in farm proprietors’ income in March.
See Chart:
Rural Squeezed


"Bankruptcies in three regions covering major farm states last year rose to the highest level in at least 10 years. The Seventh Circuit Court of Appeals, which includes Illinois, Indiana and Wisconsin, had double the bankruptcies in 2018 compared with 2008. In the Eighth Circuit, which includes states from North Dakota to Arkansas, bankruptcies swelled 96%. The 10th Circuit, which covers Kansas and other states, last year had 59% more bankruptcies than a decade earlier."
See Chart:


Well before the trade war started, farmers have been battling deflation for 96 months, with Thomson Reuters/CoreCommodity CRB Index dropping around 30% since the April 2011 high. This drop in price has crushed rural America for years, which means fixed capital investments by farmers have suffered.
See Chart:
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And now the question is how quickly will EFF rebound back to 2.45% even with IOER at 2.35%, confirming that with every passing day the Fed is increasingly losing control of overnight funding rates...

One week ago, when discussing how the Fed had lost control of rates specifically highlighting the recent spike in the Effective Fed Funds rate above the IOER, i.e., the traditional ceiling in the Fed Funds corridor, which today hit an all time high of 5bps...
See Chart:
FED Funds IOER
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The "Ponzi Finance" phase of the US "Minsky Moment" cycle begins some time in 2024. It's all downhill from there.

That chart is troubling because while in 2019 and 2020 surging US interest expense is roughly matched by the other deficit components in the US budget, these gradually taper off by 2024, and in fact in 2025 become a source of budget surplus (we won't be holding our breath). But what is the real red flag is that starting in 2024, when the primary deficit drops to zero according to the latest projections, all US debt issuance will be used to fund the US net interest expense, which depending on the prevailing interest rate between now and then will be anywhere between $700 billion and $1.2 trillion or more.
See Chart:
See More Charts
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SOURCE: 
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio


...inflation could revive and "spin out of control" if the tenets of modern monetary theory are embraced. 
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We live at a time when literally everything in our society seems to be coming apart.  And unless a miracle happens, things are going to get much, much worse in the months and years ahead...
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"AKA Cobra Commander"
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...something changed around the year 2001...The hyper-politicization of academia shows few signs of dissipating anytime soon, although it appears to be taking a toll on the most severely afflicted disciplines.
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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


Despite lack of media coverage, Yemen war will soon reach Syria levels of casualties...
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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
                Al fascismo no se derrota (solo) en las urnas  Isaac Rosa

ECOL      Volkswagen, el escándalo de las emisiones   A  Nadal
ECUA     Petrobras, Odebrecht, OXY  Recordando un billar a tres bandas
ARG       derrumbe económico e incertidumbre política  Daniel Gutman 
ECON    La cleptocracia colosal del siglo XXI  Kenneth Surin
ALC       Dolor, esperanza y convicción en la Galería 300 Mónica Baltodano
              Necesitamos un nuevo sindicalismo  Luis Espinoza Garrido
Españ     España y su República   Miguel Pastrana
              Lecciones de unas elecciones   Paco Roda
              Giro a la derecha o gobierno progresista  Jesús Gellida
USA       El segundo veto de Trump   Eugenio García 
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ALAI ORG
                Guaidó se enfría y se desploma  Juan Martorano
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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

Dean Baker   The Trade Games Are Back
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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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