ND
OCT 17 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
The IMF is
increasingly concerned that such conditions have “encouraged investors to take
more risks in a quest to achieve their return targets”, with “valuations
stretched” in some important markets and economies
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... each dollar of global
debt generated only $0.42 of GDP growth in the major economic
sectors, which was down 11.1% from
ten years ago.
See Chart:
World Dollar
Liquidity
The Fed’s balance sheet constriction reduced world dollar
liquidity, which is
defined as the monetary base plus foreign central bank holdings of U.S.
Treasuries at the Federal Reserve Bank in New York. This quantity effect also
served to underpin strength in the U.S. dollar, which has had the result of
draining foreign central bank holdings of U.S. Treasuries impacting foreign
financial markets.
World
Trade Volume
See Chart:
The more restrictive monetary conditions spread worldwide as
the velocity of money fell sharply in all their countries to levels far below
the United States. Not surprisingly, global economic growth moderated in
concert with U.S. economic moderation. World trade
volume, which has fallen over the past year, clearly points to the universal
nature of current global downturn and the result has been a disinflationary
pricing of goods.
Debt Overhang
See Chart:
Despite the evidence that
monetary policy works with long lags, the Fed appears to be waiting for a downturn in the coincident economic
indicators before attempting to “get ahead” of where the market has priced
interest rates. The lags between initial inversion and
recession have been variable but the market is presently within the historical
lagged periods. The current overrestraint of Fed policy is why 5, 10, and
20-year Treasury security yields have not set new record lows, but it is only a
matter of time.
Slumping
Marginal Revenue Product of Debt
See Chart:
For the
current three-year period, using the partially available data for 2019, each dollar of global debt generated
only $0.42 of GDP growth in the major economic sectors, which was down 11.1%
from ten years ago. This
deterioration was greater in all the major foreign economies than in the United
States.
The largest percentage decrease in debt productivity, of more than 38%,
was registered in China over the past ten years. The
decline in the marginal revenue product of debt in Japan, the United Kingdom
(U.K.) and Europe were all more than two and one-half times greater than in the
United States. Over the current three-year period, the debt productivity in the
U.S. was $0.40, versus $0.38, $0.36 and $0.34 in the Euro currency zone, the
U.K. and China, respectively.
Outlook
The global over-indebtedness has clearly
restrained growth, and therefore has had a profound disinflationary impact on
every major economic sector of the world. This
fact, coupled with an overzealous U.S. Central Bank have created the conditions
for an economic contraction in the U.S. and abroad. This has also created a
worldwide decline in inflation and inflationary expectations.
A quick and dramatic shift toward greater
accommodation by the Fed could begin to shift momentum from contraction toward
expansion. However, policy lags are long and slow to develop, therefore despite the remarkable decline in
long term yields this year, we are maintaining our long duration
holdings. A shift towards shorter duration portfolios would be appropriate
when the forward-looking indicators of expansion, in the U.S. and abroad, begin
to appear.
….
SOURCE: https://www.zerohedge.com/economics/world-dollar-liquidity-crashes-does-marginal-utility-debt
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Surprise!! After Q3's "use it or lose it" spending
spree sent US macro data soaring unilaterally, October has
begun with a collapse...
See Chart:
US equities were mixed with Trannies
and Small Caps best (squeezed) while S&P, Dow, and Nasdaq were all
scrambling to hold gains...
See Chart:
The VIX term structure has steepened
dramatically in the last week...
See Chart:
The Dollar tumbled for the 3rd
straight day (down 6 of last 7 days)...
See Chart:
Dollar weakness supported
commodities across the board with Silver and Crude best on the day (but only
PMs are higher on the week)...
See Chart:
And finally, the most recent surge
in stocks since the start of October has been a major short-squeeze...
See Chart:
Which has plummeted overall short-interest to a critical level that has, in
the past, led to crashes in stocks...
See Chart:
….
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"billionaires should not exist" ... and probably won't in America if Sanders is elected.
See Chart:
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The problem today is not
that people are not “saving more money,” they are just spending
less as weak wage growth, an inability to access additional
leverage, and a need to maintain
debt service restricts spending...
See Chart:
….
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What’s
different now is the effects of the trade war are starting to creep into the U.S. macro picture -- and optimism
over a deal may not be able to offset economic headwinds.
See Chart:
….
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
"Mr.
Trump could even be present for the entire spectacle."
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Chicago
teachers are striking for the third time in seven years. Over
25,000 teachers and 7,000 support staff will be on strike while
300,000 students will be left in the lurch.
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There is a growing
national consensus that that U.S. economy is heading for big trouble,
and this is causing a lot of people to cut back on spending...
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"Most people were in denial [in 2008]... just like they are
today..."
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"Truth is always the enemy of power.
Exposure of power’s motivations, depredations, and corruption never serves
power’s ends... What if, instead
of suppressing the truth, a regime could render it irrelevant and
not have to worry about it?"
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Big
Brother has been rifling through your personal info – never mind the Fourth Amendment!
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...the
U.S. shale boom is slowing and businesses
are preparing for a bad-case scenario where the slowdown extends.
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The Affordable Care Act continues
to be anything but affordable...
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It "may be the best thing that ever happened to
the Kurds."
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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
Washington doesn’t understand that our intervention only makes matters
worse. The best way to help the Kurds and everyone else in the region is
to just come home...
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“Erdogan is resorting to weapons that are globally banned such
as phosphorus and napalm,” an official statement said.
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"A
pause in military operations for 120 hours" - or 5 days - while the
US facilitates an "orderly withdrawal" of its forces and the SDF from
a 'safe zone' 20 miles deep.
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These are
not conspiracy theories. These are not even secrets. These are facts. But because they are inconvenient facts, they get
labeled “Kremlin talking points” by those whose job it is to defend
the status quo.
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Critics fear Caracas will use
the position to "thwart
investigations into its own alleged abuses"..
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Syrian
military sources believe the US will continue to block the
Assad government from accessing eastern Syria's largest oil fields.
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Iran has claimed that it has footage of last week’s attack on its oil
tanker while off the Saudi Arabian Jeddah port, and it proves that the attacks were carried out by
Israel, Saudi Arabia, and the United States...
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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
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RT EN
ESPAÑOL
- Venezuela obtiene una banca en el Consejo de Derechos Humanos de la ONU
- EE.UU. y Turquía llegan a un acuerdo para decretar en Siria un alto el fuego de 120 horas
- Francia frustra un ataque inspirado en los atentados del 11 de septiembre
- Más preguntas que respuestas: todo lo que se sabe sobre la familia neerlandesa encerrada en una granja
- Michoacán bajo fuego: las raíces del conflicto que recrudece en uno de los estados más violentos de México
- Disuasión nuclear a punto: Putin preside un mega ejercicio de misiles intercontinentales por tierra, mar y aire
- Moscú: El control de la frontera por Damasco estabilizará la situación
- Keiser Report La Torre de Babel en la economía mundial que está acabando con el dólar
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Harvey Wasserman What
Really Happened to American Socialism?
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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 BLOCKED
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