ND
JUL 29 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
Powell
better not let the world down!!
Chinese stocks trod water
overnight...
UK's FTSE exploded higher as the pound plunged, Italy
underperformed in Europe but the rest of the majors were flat...
And a mixed bag in US stocks too
with The Dow clinging to some semblance of positivity as Small Caps and Nasdaq
underperformed...
See Chart:
FANG Stocks erased Friday's gains...
See Chart:
The S&P continues to
dramatically outperform the broadest US equity index - not exactly what one
would hope for in a broad-based re-acceleration in growth...
See Chart:
30Y Yields erased the losses from
Draghi's disappointment...
See Chart:
The DXY dollar Index rallied once
again - nearing its highest since May 2017...
See Chart:
Finally, there's this... While the
S&P 500 is up 20% YTD, earnings expectations for the next 24 months has
slumped...
See Chart:
As 60% of companies have cut Q3 EPS
expectations in recent weeks...
See Chart:
A Dimming Picture
Will traders sell the Fed news?
See Chart:
….
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the Treasury will sell $814 billion in debt in the current and future
quarter... and it will only get worse from
there.
After borrowing just $40 billion in the past, April-June
period, which left the Treasury with a quarter end cash balance of $264
billion, in the current quarter, the Treasury now expects Treasury issuance to
explode higher, and borrow a
whopping $433 billion in net marketable debt, a massive $274 billion higher -
or more than doubling - its prior forecast announced in April 2019.
The reason for this debt issuance flurry? To rebuild the cash balance back to a level of $350 billion,
which is where the Treasury expects its end-of-September cash balance to be, up
from just $85 billion as of the April 29 forecast.
See Chart:
US Treasure actions will likely
tighten USD Liquidity in coming months
Looking ahead, during the October – December 2019 quarter, the
Treasury unveiled for the first time that it expects to borrow $381 billion in
new debt, assuming an end-of-December cash balance of $410 billion with
$310 billion of the new issuance going to cover financing needs.
See Tables:
In other
words, the Treasury will sell $814 billion in debt in the current and future
quarter... and it will only gets worse from
there.
The coupons issuance is expected to
raise $296bn in new cash from private investors for the August to October
period. This amount, coupled with $194bn in bill issuance, will help fund an
estimated $272bn of financing needs plus $200bn of cash balance increase.
See Figures 6.1
Additionally, with a July debt limit suspension, bills are
expected to increase by $130bn in August, although as DB notes, the risk is
that it could run higher. The Treasury's decision to gradually rebuild its cash
balance will help limit some of the pressure in funding markets. Higher repo
rates would make issuance of front-end coupons more expensive. For example, 2yr Treasury-OIS has
widened about 8bp in July since investors began expecting the August bill
supply would put upward pressure on funding rates.
What’s clear - as Bloomberg
concludes - is the backdrop puts the $15.9
trillion Treasury market on course to balloon in the next couple of years.
“By 2021, Treasury will begin to
have a problem, given deficit growth, and need to increase coupon sizes,” said
Margaret Kerins, global head of fixed-income strategy at BMO Capital Markets.
Then again, if the current administration is still in
charge, the world will likely have far more pressing issue than the eventual
insolvency of the US to worry about...
….
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With these speculative and risk management skills accessible only to
the wealthy, no wonder only the
wealthy have gained purchasing power in the 21st century...
To resource depletion I would add lower returns
on both capital and labor--what is known as diminishing returns: the same
investment yields less output.
This decay of return on investment manifests as an S-Curve, which is a
constant reference point in my work: an investment that earns a large output at
first yields less and less, until the yield (output) stagnates and then
declines. Increasing the investment no longer reverses
the decline, and often accelerates the decline into a crash.
See Chart:
S-curve of Rapid Expansion, Stagnation & Decline by Charles Hugh
Smith
With these speculative and risk management skills accessible only to
the wealthy, no wonder only the wealthy have gained purchasing power in the
21st century. The result is only the wealthy can afford what was once affordable to
the middle class.
The decline in the value of conventional labor and purchasing power is
visible in this chart of labor's share of the national income.
See Chart:
Workers share of national Income
Ownership of speculative capital is concentrated in the top 5% of
households, guaranteeing that speculative gains from asset bubbles are also
concentrated in the top 5%-- roughly 6 million
households, with the majority of the gains concentrated in the top few hundred
thousand households.
See Chart:
Outsized gains are now only available to the few with the skills and
experience required to gamble high-risk assets successfully, and this is
becoming more difficult; even the professional class of money managers are
increasingly unable to beat passive index funds.
The top 5% are riding high now that central banks have inflated
stupendous bubbles in stocks, housing and other assets, but these gains are
speculative. These gains are often viewed as permanent entitlements (i.e. bubbles
never deflate), but if history is any guide, those
holding speculative gains as if they were a form of savings are in for a rude
awakening in the next few years.
….
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Central
bankers, in their desperation, are playing
a dangerous game.
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At market
peaks – everyone’s
a “Genius.”
See Chart:
Investor Psychology Cycle
See more interesting charts at:
…
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"If The Fed gets this wrong, I think that they think if they make a mistake here, The Fed
could be gone..."
====
"While I am grateful that the perpetrator has been caught, I am deeply sorry for what has happened," said Richard D. Fairbank, Chairman and CEO.
====
It is entirely possible that the Democrats and their allied media
outlets handed Trump a re-election in 2020with their nonstop fixation on a fact-free conspiracy theory that was
doomed to failure....
….
Here we’ve another story-tell in favor of Trump. Not evidence to assume that people inside
Dems party will vote Trump… There are instead many chances that the PEOPLE
FRONT supporting E-Warren include most of Dems .. and more chances even if
Sanders decline her candidacy in favor of E-W, so there is chances for 2
radical Women against Trump-Hillary alliance. Of course there is a chance for
some bureaucrat-parasites inside the Dems Party to support Trump.. They will be
uncovered & the people inside the
party will abandon them. All RU-gate served the purpose of putting in the trash-can
all assumed progressive in the Dems party. There is not “progressive”
people inside dems Party. Most of them had being poisoned by money from the
corrupt-pedo- Hillary. They will favor Trump, but not the common democrat. Check polls : votes for Trump are going down.
Trump & Hillary mafias will be defeated.
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The dream
of nuclear fusion has long been out-of-reach, but now, just this week, the “world’s
largest nuclear fusion experiment” has made a major breakthrough.
…..
Science on destruction is advancing.. what about science for Peace &
N-dismt
====
"maybe
after she’s visited Somalia for a while, she might come back and
appreciate America more..."
….
Rand Paul in the business of
racism.. I couldn’t imagine it
====
OVER
80,000 QUAKES HAVE HIT CALIFORNIA SINCE JULY 4TH, AFTERSHOCKS HEADED
"TOWARD THE GARLOCK FAULT"
The recent seismic activity in the state of California has taken a strange turn...
….
CA & S-Fco are waiting for huge
earthquake.. people is living.. houses r empty
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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
"HK Riot Police fired bullet & tear gas directly at persons
and indoor that made in US. I am
calling US Gov for the suspension of crowd control equipment exports to HK,
prevent human rights abuses,"
====
"We
are few, a small country, we are very humble, and here it is likely that the US
Marines enter."
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US intention is stupid dream.. IF
landed (RU missiles will destroy any plane with them).. there is not chances
for US Marines to return alive.. they will face well armed civilian battalions…
The latino solidarity-retaliation is unexpected.. US embassies & Comp will
be bombed.. The whole south Reg will be ignited. The US won’t get the oil expected to stole..
they will get bullets.
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Closer
military ties being discussed as US noose tightens around Iranian oil
shipping.
….
US+UK DID IT… NOW COMES the other
side: RU ALLIES. UK wanted war: get it
====
“We expect
them to be more active in buying Iranian oil.”
====
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
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ALAI ORG
====
RT EN
ESPAÑOL
- Aumentan las tensiones entre Caracas y Bogotá luego de la invitación de Maduro a dos exguerrilleros de las FARC
- Trump: "Irán nunca ha ganado una guerra, pero jamás ha perdido en negociaciones"
- VIDEO: Motín en una cárcel en Brasil deja al menos 57 muertos, entre ellos 16 decapitados
- El caza furtivo ruso Su-57 se fabrica ahora en serie
- Al menos 19 muertos tras estrellarse un avión militar ligero en Pakistán
- Samsung confirma por accidente el lanzamiento del Galaxy Note 10+
- Al menos 19 personas mueren en un accidente de tránsito en Perú
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Michael Hudson The
Coming Savings Writedowns
Robert Fisk From
Nazi Germany to Ottoman Turkey, Genocides Begin in the Wilderness, Far From
Prying Eyes
Andrew Moss Asylum
as a Human Right
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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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