ND
JUL 12 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
Is this an ‘Official’ interference: some messages don’t
coincide with charts?
Not a meltup...
See Chart:
Cyclical stocks melted up today,
outperforming defensives that had dominated the week until then...
See chart:
S&P Tech Sector topped 20x Fwd
P/E today - its highest since Nov 2007...
See Chart:
For the first time in 7 weeks, the
aggregate return from holding the long-bond and the S&P was negative...
See Chart:
Credit and equity protection costs
diverged notably the last few days as VIX collapsed to a 12 handle and credit
spreads widened..
See Chart:
The yield curve steepened
dramatically this week...
See Chart:
But we note that each time the 3m10Y
curve tried to get back above zero (un-invert), it failed...
See Chart:
The dollar is down 3 days in a row
to end the week (post-Powell) after surging post-Payrolls...
See Chart:
Meanwhile, FX vols have collapsed.
USDJPY im;lied vol is at a record low...
See Chart:
WTI ended the week back above $60
but hit a wall of resistance at the longer term downtrend...
See Chart:
Finally, we offer the following from BofA:
"...we anticipate an
"overshoot" in credit & equity prices in coming months, followed
by an overshoot in gold (US$ devaluation) before big H2 top in asset prices (as bond bubble pops &
policy impotence visible)."
And Then?
….
SOURCE: https://www.zerohedge.com/news/2019-07-12/stocks-gold-gain-payrolls-powell-spark-bond-bloodbath
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A whiff of
stagflation in the heavy summer air?
What the
hell is Stagflation?
…..
The answer in this article: OPEN it
One auction does not make a trend, but there are other
worrying signs. As noted in the below chart by Bianco Research today, relative bidding interest at two, five, seven and 10-year
U.S. Treasury note auctions continues a protracted decline seen throughout this
cycle:
See Chart:
30 Years NOTE Auction Details
Bond-splainin'
From Bloomberg Opinion today:
With some $13 trillion of bonds worldwide yielding less than zero percent,
it would be easy to characterize fixed-income assets as nothing more than a
giant bubble waiting to burst. Those who agree probably haven’t heard of the
concept of a “Giffen good.”
Goodbye Ph.D. standard, hello B.S. standard?
Bears on
vacation
From June 29 at the Omni Hotel Mount Washington, via the
Associated Press:
Rather than
taking in the historical sights (the resort famously served as the venue for
the 1944 Bretton Woods monetary agreement), the furry Bear visitor was merely “in
search of a trash can.”
….
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After weeks of gloom, the
oil market is tightening
up once again. But it’s not clear how long the upward
cycle will last...
After
weeks of gloom, the oil market is tightening
up once again. But it’s not clear how long the upward
cycle will last. OPEC admitted this week that it may need to keep the
production cuts in place, perhaps beyond the latest extension, because of
soaring production from U.S. shale.
A
combination of geopolitical tension in the Persian Gulf, outages in Venezuela
and Iran, a pending interest rate cut by the Federal Reserve, and the
brewing storm in
the Gulf of Mexico has led to strong price increases in oil over the last few
days.
In other words, OPEC+ may be stuck with the production cuts,
forced to perpetually extend them in a Sisyphean attempt to keep oil prices
from collapsing. The supply curtailments do indeed put a floor beneath prices,
but that only serves to prop up even more shale drilling.
“Infrastructure constraints – particularly pipeline capacity in the
Permian, the downward trend in rig counts, lower activity by service companies
and less fracking – indicate a growth slowdown in 2019,” OPEC wrote in its
report. “However…[w]ith 2.5 mb/d of expected new pipeline capacity from the
Permian to the USGC, production from the booming Permian Basin is forecast to
grow without any constraints.” More pipelines means more drilling, which
ultimately means more supply hits the global market.
New export terminals also come into play. “The pipeline
expansion along with port enhancements for more exports – particularly in
Corpus Christi – is expected to increase from a current level of about 1 mb/d
to around 2.9 mb/d by the end of 2020,” OPEC said.
OPEC’s
conundrum is stark. Although written
in the bland language of a typical forecast, OPEC’s July report offered a
rather grim outlook for the cartel.
“Demand for
OPEC crude for 2019 was revised up by 0.1 mb/d from the previous report to
stand at 30.6 mb/d, 1.0 mb/d lower than the 2018 level,” the report said.
“Based on the first forecasts for world oil demand and non-OPEC supply for
2020, demand for OPEC crude for 2020 is projected at 29.3 mb/d, 1.3 mb/d lower
than the 2019 level.”
In other words, as U.S. shale continues to grow at a brisk pace, OPEC
is faced with the possibility that its production cuts
are insufficient in balancing the market.
….
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Millennials has to join the SOCIALISTs to fight for ZERO
DEBT
The life-altering impacts of
student loan debt on millions of millennials has been astonishing.
….
SOCIALISM:the only option ..
bureaucrat in Rep-Dem parties won’t do it
====
"[party's] over --
people are desperate and they’re hunting down the after-party. We
probably only have a few hours
left...”
As
Bloomberg reports, she's
selling junk bonds in a contrarian bet that the debt rally is on its last legs -
with the potential to trap funds with billions staked in levered and often
illiquid assets - cutting
high-yield exposure to 10% from as high as 30% in 2016, in one of her
unconstrained funds.
“There’s more risk than reward right
now,” she said.
“There are real end-of-cycle fears about what performs.”
See Chart:
From her vantage
point managing a slew of global credit funds, she sees the long-bemoaned opacity and leverage
of junk issuers is now at a tipping point.
See Chart:
‘Leverage’ Net Debt per Share vs US HY Credit Risk (OAS)
We've seen this farce before, as
Bloomberg details, when Lehman went bust, the mother of four was a
portfolio manager at its investment arm, but before that, in May 2007,
Gomez-Bravo became cautious on U.S. risk and issued warnings on corporate
health - which bear echoes with the
intense hunt for yield today.
“Everything was bid indiscriminately,” she recalls.
“I knew things were heating up; there were telltale signs. It’s always
difficult to leave money on the table, but as a result we avoided the
blow-ups.”
So, as far as knowing when to leave the party this time, we come
full circle with Gomez-Bravo's current warning:
“In fact it’s over -- people are
desperate and they’re hunting down the after-party. We
probably only have a few hours left.”
Trade Accordingly.
….
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
False hope breeds
crippling apathy...
False
hope breeds crippling apathy –
This is what I have to think to myself when I see the news media fervor over
the second arrest of billionaire Jefferey Epstein, or similar events which in
most cases end up fading into the background and forgotten. The public's
favorite distraction has always been to watch high profile people kicked out of
their castles in the clouds, but I would point out that even when the
globalists sacrifice one of their own in the public eye it is usually only to
satiate the masses and their hunger for justice for a very short time. The system is not designed to root out evil;
it is designed to obscure and perpetuate evil.
….
Continue reading at:
====
La muerte
acecha.. unos por hacer que se respete la Consti; pa-otros p-burlarla
Both the media and its pro-gun opponents mostly focus on gun laws and
conventional methods to carrying out gun policy. But what’s often ignored is the massive bureaucratic
monstrosity in the background that micromanages all gun affairs in
America.
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Unos cargan el fusil adquirido legalmente y
los otros son los asesinos que usara el GOB para desarmarlos. El fétido olor a muerte ya se siente en el ambiente y si vuelan
una casa con enteras familias dentro es
casi seguro que habrá TIT for TAT y enteras estaciones de los asesinos con uniforme también podría ser voladas.. Ocurrió
en Mx.. y ocurrirá aquí. Eso fue más fácil que matar 20 vampiros con los gases de Monsanto + un auto manejado a
control remoto. Banning
firearms is stupid at this time.. Given arms to the NATION for top security-reson
si es buena idea
====
"The level of secrecy around a steel safe in Epstein’s office, in
particular, suggested it contained much
more than just money..."
====
"Pricing was a little high,
so we went through a correction..."
====
As is often the case, “terrorism”
is the principal reason being cited for the need to read and listen
to the communications of ordinary citizens...
====
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
"PLAYING
WITH FIRE": CHINA'S MILITARY WARNS US OVER TAIWAN ARMS SALES [[ This
“fire” with “fire” goes out ]]
Cease
meddling in China's affairs, PLA warns, after Washington's okaying the
sale of $2.2 billion in weapons.
----
What if China announce is installing
missile-nukes very close to US?
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
- Seven More Gray Whales Found Dead in
Alaska, Total Spikes to 22 Si la contaminacion del guerrersimo
imperial (venta de armas y promoción d guerras afecta big whales.. por que no a
los pequenios pescados que comemos?
- Hezbollah Head Says Trump
Administration Aims to Open Communication Channels With Movement
Ganar la paz 1ro (conocer al enemigo) para saber donde darle, cuando y
como…VIEJA TACTICA que hoy es solo engaña bobos
- Turkish
Defence Chief Tells Acting US Defence Secretary that S-400 Purchase Was
Necessary Turkey es miembro
activo de NATO.. por que RU confía
en ellos
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
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ALAI ORG
====
RT EN
ESPAÑOL
- Un alto mando militar de EE.UU. estima que China será su "principal desafío" para "los próximos 50 o 100 años"
- ¿Sabía que su maleta puede ser cambiada por otra con droga en los aeropuertos?
- Las 14 mejores lecciones del psiquiatra chileno Claudio Naranjo para aplicar en tu vida
- Facebook enfrenta una multa de 5.000 millones de dólares por su política de privacidad
- Multimillonario Epstein arrestado por tráfico de menores habría transferido 350.000 dólares para manipular a testigos
- "Hay que conversar": Organizan un 'puente televisivo' entre Rusia y Ucrania
- Corea del Norte cambia su Constitución y declara a Kim Jong-un como jefe de Estado
- El Zoom Irán: Riesgo incesante
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
- The Five Stages of Collapse By Dimitri Orlov
- De-Dollarizing the American Financial Empire By Michael Hudson & B F
- The Strange Case of the Grace I’s Detention By François Nicoullaud
- Did Pedophile Jeffrey Epstein Work for
Mossad? By Philip M. Giraldi
- The Sexual Predators Within America’s Power
Elite By John W. Whitehead
- How We Ended Up With Kids in Cages By Peter Van Buren
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Rob Urie Toward
an Eco-Socialist Revolution
Jeffrey St. Clair Politics
in the Time of Trump and Pelosi
Andrew Levine Electoral
Circus as the End of Its Phase Looms
Kathleen Wallace Too
Horrible to Understand, Too Horrible to Ignore
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DEMOCRACY NOW
Amy Goodman’ team
- How
Trump’s Labor Secretary Cut a Deal for Multimillionaire & Serial Sexual
Abuser Jeffrey Epstein
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PRESS TV
Resume of Global News described
by Iranian observers..
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