ND SEP 26
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
...“good feelings” among consumers are starting to fade.
See Chart:
Univ of
Michigan Consumer Confidence
See more chart
….
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"...indicative
of the uncertainty tied to The We Company's weakening liquidity position and access to capital..."
WeWork bonds were already
plunging, due to the massive cash burn and dwindling cash pile, and tonight
S&P downgraded the company's issuer credit rating to 'B-'.
We warned just a few hours ago
that WeWork
is rapdily running out of cash, as Bloomberg
warns, WeWork’s very business model is now at stake.
WeWork has
raised more than $12 billion to rent office space that it renovates and then
leases to companies. But that strategy has left it in a precarious
position. It has some $47 billion
of future rent payments due. On average it leases its buildings for
15 years. Yet its tenants are committed to paying only $4 billion, and on
average have leases for 15 months.
Those long-term leases “may
become an albatross in an economic downturn,” Bloomberg Intelligence analyst
Jeffrey Langbaum wrote in a report Wednesday, adding that WeWork needs to find
a “clear path to profitability.”
And, as a reminder, for
every dollar WeWork earned in revenue last year, it lost roughly two.
See Chart:
We Work
REVENUE and LOSS from Operations ($MM)
And the bonds are signaling
trouble ahead...
We work
2025 Bong Price
See Chart:
….
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RELATED:
"All eyes will be on SoftBank
and how WeWork will proceed as they move away from Neumann."
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A day lacking Bullard dovish headlines (Kashkari just didn't
go full Bullard), Trump's tweet focus away from "trade deal is
close", and little movement on the impeachment front meant algos struggled
to find news-driven reasons to ignite momentum... but just as traders were
giving up, China's Wang
dropped some well-timed quotes through Reuters suggesting optimism for the
trade deal, lifting the markets.
CHINA'S WANG: CHINA WILLING TO BUY MORE U.S. PRODUCTS: RTRS
Futures
show the swings best (biggest trend changes at EU open, US open, and EU close)
Peloton
IPO'd at $29, opened at $27, and collapsed to a $24 handle...
See Chart:
Treasury
yields were lower on the day
See Chart:
The
Dollar extended yesterday's surge...
See Chart:
DXY
Dollar Index
As the
dollar extended gains, Commodities all slipped lower today...
See Chart:
WTI
erased more of the Saudi spike today...
See Chart:
Additionally, NatGas was
pummeled lower, headed for the longest streak of declines in more than seven
years as U.S. shale production outruns demand and inflates stockpiles.
Finally,
we note that the real driver of markets is starting to fade again...
See Chart:
….
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RELATED 1:
Having been indicated as high as
$31.50 early on, interest in PTON slipped until it finally opened at $27
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RELATED 2:
"In more than two decades in the IPO market I've never
seen so..."
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...central
banks will not vote to abolish themselves... and government efforts to take
direct control of money will be even worse... a position is gold is the best counter to monetary policy madness...
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"They
have no money; they
have no collateral; they
have no job. They’re a
lousy credit risk. The free market
is not going to loan money to students..."
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"So now we fix the problem largely caused by the Bernanke and Yellen
FOMCs, Dodd-Frank and Basel III, by increasing
the government’s control over the once private market for federal
funds..."
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US equity markets have taken another
leg lower this morning, erasing all of yesterday's gains, after US officials
confirm that the Trump admin is unlikely
to extend temporary waivers to supply Huawei.
See Chart:
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
It will be a challenge for the
Democrats to get President Trump impeached before Election Day 2020, and then
there is – at least as things stand now – virtually no chance of conviction.
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“The industry is admitting what
independents who drilled with industry partners early on figured out: You cannot make money drilling at this price
structure..."
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A greater influx of troops and missiles
are on standby for further potential deployments, the Pentagon announced.
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"Honestly.
If everything is going to be a glacial lake in less than 15 years, why pursue a degree in feminist botany
studies? ..."
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More than 100 officials from the CDC
are scrambling to trace the cause of the mystery illness.
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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
As the Hong Kong Human Rights and
Democracy Act of 2019 finds growing support in Washington, Beijing is doubling down on its criticism of
the US.
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And since the US has cut Venezuela
from the global banking system and sanctioned its economy into...
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"...the prospects for future talks
are not bright..."
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SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
-Impeachment: Extended
Executive Time
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NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
ALAI ORG
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RT EN ESPAÑOL
- Prueba falsa: una foto que Duque presentó a la ONU para 'demostrar' la presencia del ELN en Venezuela fue tomada en Colombia
- El huracán Lorenzo ya es el más poderoso en los últimos 30 años en el Atlántico tropical
- Rusia sobre las nuevas sanciones de EE.UU.: "Washington puso al descubierto que está del lado de los terroristas en Siria"
- Donald Trump: "Yo estoy usando a México para proteger nuestra frontera"
- El petrolero británico Stena Impero zarpa del puerto de Bandar Abbas tras ser liberado por Irán
- Presidente de Irán: "Votaríamos por trasladar la sede de la ONU de EE.UU. a un país mejor y más seguro"
- Por qué el FMI pide a Argentina "esperar un tiempo" por el ansiado desembolso
- Huawei confirma el lanzamiento del Mate X plegable para octubre
- Keiser Report 'La promesa de Internet': libertad de expresión y criptodivisas contra los modelos obsoletos del poder
- Conversando con Correa Estela de Carlotto a Correa: "No vamos a dejar que los tiempos oscuros vuelvan a nuestra América"
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
Kirkpatrick
Sale The
Illusion of Saving the World
Todd
Miller Trapped
in an Empire of Borders
David
Schultz Dems Impeachment Strategy and Why it Makes
Sense Now
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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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