ND
JUN 22 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
If the Fed
does not cut rates (we open the door), the recession is likely. If the Fed cuts
rates, however (we do not open the door), the recession is averted, but we
wouldn’t know if the cuts were needed.
At the end of March, we reported that
the biggest concern for Goldman's clients was the gaping "market
jaws", where stocks have moved sharply higher while yields have tumbled to
multi-year lows, sparking investor confusion: is the
bond market right in anticipating a period of acute deflation and/or recession,
or is it wrong and stocks, which are less than 5% below their all-time highs,
correct in their optimistic outlook.
See Chart:
S&P 500 vs. 10Y Yield
In the three months since, the market's "alligator
jaws" have gaped even wider, with the latest thrust coming first after
Powell's early June admission that an easing cycle is imminent, following by
last week's even more dovish FOMC announcement, which confirmed that a July rate cut is in the books, and sent stocks to new all
time highs, while bond yields tumbled below 2%, the lowest in three years.
See Chart:
S&P 10 Y Yield
We don't know when this market (or
quantum) paradox will resolve itself; indeed, just a few days ago we asked
precisely this question, wondering if Powell would finally resolve the
"entangled" economic state, and break a few plates, on FOMC day
As observed above, the answer was no, which only means that once the jaws do close with an even greater delay, the
consequences for both the Fed and the market will be that much greater.
Until then, all we can do is wait, whether through the perspective of the
"Schrodinger's plates" narrative, or
through the growing angst of Goldman's clients who with every passing day are
even more clueless and worried about what happens next.
…
----
----
...there is no accountability
for anything. That’s all independence has meant; central bankers
get to decide how well the central bank has performed...
Behind The Blame
Game
After what is all but certain to be the final “rate hike” in
this cycle, Bloomberg reported that
President Trump had previously explored all possible legal ramifications of
demoting Federal Reserve Chairman Jay Powell. The issue has become a major one,
in the media, anyway, now that Mr.
Powell has indicated his error. There will be no further hikes this
year, rate cuts now pretty much a done deal from here.
The manufacturing PMI came in at 50.1 – the lowest since 2009. Since it is
trade in goods which requires so much financing and money, especially in global
conditions, The manufacturing PMI came in at 50.1 – the lowest since 2009. Since it is
trade in goods which requires so much financing and money, especially in global
conditions, it is always the manufacturing sector which
first picks up on the economic damage wrought by monetary explosion(s).
Markit’s index topped out unsurprisingly last April, beginning its downward
trend in the month that contained May 29..
See Chart 1:
IHIS Market: US Manufacturing
See Chart 2:
US TIC Monthly Change Banks’ Own $
LiABILITIES
The real plummet began in November and then like bond yields
all over the world it sank in December, taking an almost straight line path
downward ever since (making a fool out of my constant reminder of how things
never go in a straight line; both bond yields and manufacturing PMI’s beg to
differ).
The real issue for both President Trump and Chairman Powell
isn’t rate hikes, nor
is it trade wars. While the two are going to keep pointing
fingers at each other, they and we would be so much better off heeding the
advice of the bond market (for
once). It was
neither of those things which led us into this mess, and therefore focusing on
them will only ensure there’s worse to come.
Which, by the way, is exactly how
the curves are positioned right now. As I’ve been writing for a while,
Euro$ #4 looks to be one of the nastier global monetary shortages. The
composite PMI equals the low of Euro$ #3 while the manufacturing PMI is
underneath already. By
those viewpoints, the economy even now is in a state which is consistent with
the last near recession.
And it’s
just getting started. Matching
the worst of the last one (and the one before that), the
bond market is pricing how the worst of this one is yet to come.
It’s still the eurodollar, stupid.
….
----
----
...since the Fed meeting the
bond market is discounting slower, not faster growth, which means
that the Fed was not dovish enough... the bond market thinks a rate cut of 25bps (or even 50bps) in July
is inadequate to stop the slide in eco activity
This indicates that
the bond market thinks a rate cut of 25bps (or even 50bps) in July is
inadequate to stop the slide in eco activity. In other words, since the
Fed meeting the bond market is discounting slower, not
faster growth, which means that the Fed was not dovish enough..
See Chart 1:
See Chart 2:
A few days of trading certainly does
not make a trend, but we have our
eyes on the nuanced message coming from the market – a message that
has yet to give us an all clear signal.
….
----
----
It’s always been globally synchronized – just never once in growth...
See Chart 1:
See Chart 2:
Because in
the end they all fell short. Far short. The
word appearing uniformly in all these falling global bond yields is landmine. More to the current
point, what’s already going wrong is still just the opening act in the whole
globally economy going the wrong way from growth.
Sorry, Dr.
Bernanke, globally synchronized the whole time.
….
----
----
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
Again with blackmails:
Some
not-so-subtle nudging ahead of Pompeo's trip to New Delhi next week
====
At this point, you can practically
count the days until we suffer the ruin of their folly...
Following Draghi’s utterances, the great European
bond bubble expanded into the outer stratosphere. The yield on
the German 10-year Bund dropped to a record negative 32 basis points. What’s more, the yield on the 10-year French OAT briefly
slipped into negative territory for the first time in recorded history.
But that is not all…
See Chart:
You see,
with enough monetary gas, and misplaced confidence, financial markets can go
vertical. But what good is it if the actual economy is left behind?
See Chart:
Remember, it takes prudence, wisdom, and industry to acquire
and build wealth. The fact that central planners are attempting to
circumvent these steps by issuing gobs of fake money is confirmation of a
degraded human mind.
At this
point, you can practically count the days until we suffer the ruin of their
folly.
….
----
----
June 2019 may go down in the history books as
the defining moment when
the American IT giants – in cahoots with ‘legacy’ media – removed their masks
and gloves revealing the real
threat they have become to the institution of US democracy
====
"This is very simple. I
don’t even know why this is a controversial thing..."
====
"Now
the idea is to make sure everyone knows what’s coming..."
====
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
"The U.S. must drop
all tariffs imposed on China if it wants to negotiate on trade, and
only an equal dialogue can resolve the issue and lead to a win-win"
====
False flag with idiotic irony:
...if Tehran renounces
nuclear weapons (wait, what happened to that nuclear deal again?)
====
And now:
misinterpretation + defamation
Top general says Iran has planned overwhelming military
response should it come under attack.
….
And lies again and again.. until it come true.. like religious dogmas:
for dogs
====
Now they try to
clean the image of clown-Guaido the receiver of US money
Venezuela’s government has claimed
the Department of Justice will investigate Citgo’s opposition-appointed
board for the theft of $70 million. But the board is itself the product of a
massive theft – that of the elected government’s wealth.
…
Is the US planning to use a clown again?
It is a ridiculous game: circus is over
====
Tel Aviv
watching close...
====
As a nation, you’re certifiedly
(is that a word?!) in deep trouble if and when Donald Trump is your most peace
loving man. But nevertheless, that is America today...
….
IF we bomb Iran.. Guess where the next bombs will go? .. London, ISR,
Saudis? And what about the 2nd round of WW3: which US States will be
hit 1st.… Banks?
====
FACT: the invaders of Hong
Kong were invaded again by China: Invaders-invaded?
More than
50,000 demonstrators showed up at the peak...
====
...will be worst for the people at the bottom
of the economic ladder. They will be forced into a far worse position, led by their access to a
basic income not to pursue
economic skills that would make them self-sufficient...
====
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
ALAI ORG
----
----
RT EN ESPAÑOL
- Trump afirma que nunca se retractó del ataque contra Irán, sino que solo detuvo su avance
- Reportan que Trump aprobó ataques cibernéticos contra los sistemas de misiles de Irán
- ¿Qué se sabe de Mark Esper, a quien Trump quiere nombrar secretario de Defensa de EE.UU.?
- Keiser Report : "El dólar se dirige al mismo lugar que todas las demás monedas fíat: a la papelera de reciclaje de la historia"
- General iraní: "Disparar una bala hacia Irán incendiará los intereses de EE.UU. y sus aliados"
- Hallan en EE.UU. la reserva subterránea de agua dulce más grande del mundo
- ¿Adios a CR7?: Los planes del nuevo técnico de la Juventus para que Ronaldo "rompe nuevos récords"
- Las tres condiciones del F.C. Barcelona que Neymar habría aceptado para poder volver al club
- El Zoom 2020: ¿Hacer a Trump grande de nuevo?
- Cuba y la UE condenan el posible endurecimiento de las sanciones unilaterales de EE.UU.
----
----
GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
----
----
DEMOCRACY NOW
Amy Goodman’ team
-Thelma
Aldana, Barred from Guatemala Presidential Election, Says Country Is “Captured”
by Corruption
- Her
Mother Was Killed by U.S.-Backed Security Forces. Now Lucrecia Mack Is in
Guatemala’s Congress
----
----
PRESS TV
Resume of Global News described by Iranian observers..
….
===
No hay comentarios:
Publicar un comentario