viernes, 3 de mayo de 2019

ND MAY 3 19 SIT EC y POL



ND MAY 3 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


The Fed's tweak to the funding markets failed to take back control...
See Chart:


And so, a 'murder' of Fed Speakers were unleashed today and they managed to inch the market's rate expectations in a dovish direction, but on the week, thanks to Powell's "transitory"
See Chart:


The key message was obvious: Animal House - All Is Well!
For The Dow, this is the same panic-bid we saw last Friday... Dow down for 2nd week in a row - first time since Dec 2018
See Chart:


VIX has now risen for 3 straight weeks (albeit marginally) - the longest streak since Oct 2018
See Chart:


Treasuries were bid today, shifting the long-end yields back to unchanged on the week, while the short-end remain notably higher in yield...
See Chart:


The yield curve flattened dramatically on the week (after a brief spike initially on the Fed statement)...This was the biggest weekly flattening in 5 months
See Chart:


Roller-coaster week for the dollar surging back to unchanged on the week after The Fed, then tumbling today after payrolls...
See Chart:
DXY Dollar Index


Strong bounce back day for commodities today was unable to get them green on the week but gold outperformed as copper lagged...
See Chart:


WTI fell for the 2nd week in a row - the biggest 2-week drop since 2018...hugging the 200DMA...
See Chart:


Finally, as BofA notes, ISM's collapse (which everyone seemed to ignore this week) is a major warning signal for US EPS growth...
See Chart:


Which is already lagging the market's enthusiasm for free money...
See Chart:
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SOURCE:  https://www.zerohedge.com/news/2019-05-03/buffett-buys-bezos-dow-dumps-longest-streak-2018
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"The very same people that claimed to be expert risk managers, who almost blew up the world in 2008, are back with the very same products..."
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CDS HAS 2 MININGS: 1-Colateralized Debt obligation (such a mortgages & auto-loans) that may be subdivided into various tranches (representing different levels of risk). These securities were born in the 1980s, but became famous (or, infamous) during the housing bust of 2007..  2- Credit Default Swaps (CDOs).

Como cualquier collateral o grarantia privada de pago, se uso los CDO para hacer negocio con las deudas del sector inmobiliario  desde el 2002. Los CDO pusieron en la bolsa de valores los morgages de casas CON DEUDA, se empaqueto esas deudas en grupos y se las vendió a los inversionistas. Se creó un boom que estallo en el 2008. Fue el fraude mas grande esa crisis.  

We are talking about the 1st meaning: Colateralized Debt obligation. It involves the pooling of debt to reduce risk and raise returns.  To investopedia  a collateralized debt obligation)  is a structured financial product that pools together cash flow-generating assets and repackages this asset pool into discrete tranches that can be sold to investors. A collateralized debt obligation is named for the pooled assets — such as mortgages, bonds and loans — that were essentially debt obligations that serve as collateral for the CDO.

BREAKING DOWN Collateralized Debt Obligation - CDO
Collateralized debt obligations are created by as many as five parties:
  • Securities firms, who approve the selection of collateral, structure the notes into tranches and sell them to investors;
  • CDO managers, who select the collateral and often manage the CDO portfolios;
  • Rating agencies, who assess the CDOs and assign them credit ratings;
  • Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments; and
  • Investors such as pension funds and hedge funds.
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Aqui SIGUE EL ARTICULO: CDOs That Nearly Destroyed The Global Economy Are Back,

Though the CDO market remains smaller than its rival CLO market, it grew last year for the first time since the financial crisis.
See Chart:

In case you weren't trading securities during the Bush era, or were simply too young to remember the financial crisis and the esoteric credit products that contributed to the near-collapse of the global financial system, here's a quick explainer:

See Graph
Synthetic CDO


As buyers scramble for yield as credit spreads collapse, one can't help but wonder...have we reached the point where savvy investors are willing to 'short everything they touch'?
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"...it's getting worse!"
See Chart:

Is Larry Kudlow right? Is The Fed preparing to cut rates, despite Powell's dismissal of directional bias? The market still thinks so...

See Chart:
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In the end, it all comes back to debt, and the propensity of EMs to issue debt denominated in currency other than the one they print...

See Chart:
US Dollar Index Compared to MSCI EM vs S&P 500
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio



"We discussed Trade, Venezuela, Ukraine, North Korea, Nuclear Arms Control and even the “Russian Hoax.” Very  productive talk!"
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The healthcare system in the United States is deeply broken, and it is causing massive financial pain for millions of American families. 
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If we are to make rational policy in this area, we need to confront this government-sponsored “child abuse,” rather than letting a rhetorical cheat “insure” that it is overlooked...
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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


China, Turkey, and India silent as the US ban has begun. 

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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

VEN: Coyuntura peligrosa  Ángel Guerra
…… Jorge Arreaza: El diálogo es la única opción”   Pedro Brieger
Opin: Vuelve la lucha de clases?  Domenico Losurdo
------- El suicidio político de Washington   Patricio Montesinos

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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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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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