ND
SEP 13 19 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Eco
INCREDIBLE: 2 WOMEN MAY LEAD THE NEXT US GVT: E
WARREN & K HARRIS
IT IS WHAT WE GOT IN THE 2nd
DEMOCRATIC DEBATE. Bye Bye Trump
…
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
10-year US
Treasury yield has for 3rd time since 2012 failed to sustain break down below
1.5% (Chart 1); yield retracement has caused $2.4tn drop in negative-yielding
bonds
See Chart:
.. in the process catalyzing a
furious waterfall of downstream effects starting with yield retracement causing
$2.4tn drop in negative-yielding bonds.
See Chart:
See other interesting charts at:
….
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BLOOBATH
[[ Unfortunately: contradicted
charts .. and intentional language distortion ]]
Quite a week...
...as Momentum collapsed...
See Chart:
YTD Performnance: Momo
vs. Value
The momo massacre went global...
See Graph:
And factor dispersion collapsed...
See Chart:
Factor Category Performance . North
America
And the antithesis of the momo
massacre, value had its best week on record...
See Chart:
Weekly Value Facto Change: record gain
And relative to one another, IT WAS
A BLOODBATH...
See Chart:
Momentum / Value
It seems that not biggest Comp & Corp save US Economy,,
but middle size Investors
The driver of the Trannies/Small
Caps surge was a huge short-squeeze...
See Chart:
The
biggest weekly squeeze of ‘most Shorted’ stocks since Trump's election...
See Chart:
‘Most
Shorted’ Stocks seems to be run by middle investors
September has seen a massive shift
into cyclical stocks...
See Chart:
...BUT NOTE BELOW they are merely back at a critical level of resistance...
See Chart:
KBW Bank Index
Just as the start of August sparked
a panic-buying period for bonds, so September has seemingly sparked the exact
opposite with a huge retracement so far...
See Chart:
UST 30Y Yield
The US yield curve (3m10Y) remains inverted but had the biggest weekly steepening since June 2013...
See Chart:
UST 3m10Y Spread
THE DOLLAR INDEX DISTORTED
AND THEN BLOKED
HERE IS BACK:
The Dollar slipped lower the second
week in a row, testing one-month lows...
See Chart:
Finally, straight from the WTF world
we live in, Greek 10Y Yields are now below US 10Y Yields for the first time
since 2007..
See Chart:
….
SOURCE: https://www.zerohedge.com/markets/stocks-soar-near-record-highs-despite-bond-bloodbath-momo-meltdown
----
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...the recession that's
unfolding isn't one triggered by crisis such as higher oil prices
or a financial panic. It's a recession of debt
exhaustion and diminishing returns as doing more of what's failed for ten years
will finally fail spectacularly...
It was a huge relief to see the charts of the Baltic Dry Index (BDI)
and the U.S. retail sector ETF (RTH): both have soared to the moon, signaling
that both the U.S. and global economies are booming: the BDI is widely
regarded as a proxy for global shipping, which is a proxy for global trade and
economic activity.
See Charts:
Best Global Economic / Shipping boom ever
Amazon is 18% of the RTH basket of retail stocks, but the rest are
conventional bricks and mortar chains with online sales: Walmart, Home Depot,
Lowes, Costco, CVS, etc.
The American consumer must be ready, willing and able to spend freely
since the retail sector is hitting new heights.
See Charts:
OK, now let's change channels from soaring market valuations to the
real-world economy. What planet are buyers of BDI and RTH on? Maybe the shipping
and retail sectors are incredibly robust on Sirius B, but here on Planet Earth
the global economy is weakening, trade is stagnating, shipping is in recession,
and retail sales and profits are stagnating.
Lumping all American households in one basket gives a false signal of
financial health. If we look at averages, debt levels are reasonable,
incomes are notching higher and so expectations of rising household debt and
spending are reasonable.
But this radically distorts reality: only the top 10% are creditworthy
and have rising incomes; the bottom 90% are over-indebted, poor credit risks
and their income is stagnant and/or precarious.
The top 10% of households--a mere 12 million households--are also
precarious, as much of their wealth and income is based on insanely overvalued
asset bubbles in stocks, bonds and real estate. The wealth effect fuels
their free-spending ways (recall that the top 10% collect roughly half of all
income and account for almost half of all consumer spending).
As all the asset bubbles pop, the reverse wealth effect kicks
in. Once
households feel poorer, they tighten their borrowing and spending.
Another under-appreciated reality is the top 10% of households have
much lower levels of debt (relative to their income) than the average
middle-class household. This has several sources:
1. The top 10% hasn't needed to borrow as much
for college, healthcare, vehicles, vacations, etc. because their higher income
enables saving and paying cash.
2. The top 10%, especially the self-employed
and small-business owners, tend to be debt-averse. They understand that debt is
always a noose around the neck. As a result, the desire to take on more debt,
even at near-zero rates of interest, is near-zero for many top 10% households.
3. The wealth effect is real for 10%
households which have sold off bubble-valuation stocks, bonds, real estate,
art, vintage autos, etc. The smart money has been selling these assets and
pocketing the gains. The bottom 90% don't own enough bubble-valuation assets to
move the needle on their overall wealth, income and financial security.
Globally, those who want to borrow more are poor credit risks while
those who are creditworthy don't want more debt, regardless of how low interest
rates fall. If we set aside the top 10% of households and enterprises, and focus on
the creditworthiness and precariousness of the bottom 90%, we get a much more
accurate picture of global debt exhaustion, a.k.a. debt
saturation.
As I've
written here recently, the recession that's unfolding isn't one triggered by
crisis such as higher oil prices or
a financial panic. It's a recession of debt exhaustion and diminishing
returns as doing
more of what's failed for ten years will finally fail spectacularly.
* * *
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my work via patreon.com. New benefit for subscribers/patrons: a monthly
Q&A where I respond to your questions/topics.
….
SOURCE: https://www.zerohedge.com/markets/doing-more-whats-failed-decade-will-finally-fail-spectacularly
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Liquidity
crises should not be understood as bizarre out-of-body experiences: they are built
into the very DNA of the market.
====
"He
had access to another financial manager’s account."
====
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
“When the people find that they can vote themselves money that will herald the end of the republic.”
Okay, so let’s talk about
Thursday’s debate.
----
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"This
ad is about fighting the socialist
agenda that has taken over the Democratic Party"
….
The attack on AOC (burning her
picture in ABC ad) is part of the “fighting against the socialist agenda that has taken over the Democratic
Party" (the authors admitted), this only
means that REPs are desperate: Trump is going to be defeated in the
coming elections. That was confirmed this evening in the 2nd
Democratic debate were all candidates agreed to be united against Trump (at
least rhetorically now). The most interesting thing in
this debate is that 2 women may lead the next government. The socialist E-Warren and the liberal Kamala
Harris. The perfect formula to take Trump out of power. AOC is part of the socialist alliance and her attack is just
a sign of Trump defeat in 2020 Elect.
….
====
“We are
going to fight for the futures of
cities like Baltimore that have been destroyed by decades of failed and corrupt rule.”
====
When one considers the indoctrination to
which these young Americans have been subjected in their state-run educational
systems, their preference for
socialism actually makes sense...
====
Reductio ad absurdum...
====
"The
full contents of the memo are not public. It is not known why the department
decided to..."
====
His status
has officially changed from a serving prisoner to a 'person facing extradition'...
====
'AB32 has
become a flashpoint in California’s fight with the Trump administration.'
====
"After
the DOJ has a chance to review and comment on the report, it will be sent to
the Judiciary Committee and made public."
===
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
Trump
announced Monday Afghan peace talks and the entire process are “dead”...
====
Russophobic rhetoric persists in Washington, but a counter-argument is emerging.
====
“Mr. Trump
looked over a gathering of American and Egyptian officials and called out in a loud voice...”
====
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
BRA:
Lula "Estoy preso, y me siento más libre que
mills de BRA que no comen, no trabajan, no tienen vivienda" Ent by Ignacio Ramonet
Repúb
Dominica El sistema de Justicia les falla a
las mujeres
====
ALAI ORG
====
RT EN
ESPAÑOL
- VIDEOS, FOTOS: Un ataque con drones causa un gran incendio en una de las mayores refinerías del mundo en Arabia Saudita
- La depresión tropical cerca de Bahamas se fortalece en la tormenta tropical Humberto
- Pasajeros varados y colapso vial: una protesta de policías bloquea acceso al aeropuerto de Ciudad de México
- Justicia de Paz en Colombia expulsa a 'Jesús Santrich' y a 'el Paisa' por regresar a las armas
- Snowden relata cómo casi lo descubren con las manos en la masa
- Trump extiende por un año las sanciones comerciales contra Cuba
- El Zoom Bolton, halcón derribado
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
-Hong Kong Protest Leader Hangs Out with White
Helmets Boss By Makia Freeman
-The DNC Debates are a Sham By Renee Parsons
-Break up the Dem Party By Michael Hudson
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Paul Street The
Age of Constitutional Coups
Louis Proyect The
Intellectual Development of Karl Marx
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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..
BLOCKED
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