ND
OCT 31 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
US ECON MORE TRICK than TREAT
October
ended with the most disappointing macro-economic data since April 2017...
SEE Chart :
US MACRO Surprise Index: -38.30
But stocks were holding up well
until China blew it...
China
chundered in the trade-deal punchbowl overnight
See Chart:
Market
implied odds of a US-China trade-deal .. DOWN to 42.8
And that crushed the gains in stocks
that Powell had created...
See Chart:
All major US Stock indices were
higher in October, led by Nasdaq (Dow was a laggard) but the last few days has
seen selling...
See Chart:
NOTE that
US, Europe, and China all saw stocks rise once China returned from Golden Week
US equity gains came on the back of
an almost non-stop short-squeeze...
See Chart:
“Most Shorted” Stocks
DOWN .. Accodng RUSSELL 2000
Dow Jones US down . October just in
the red, after a big slide intramonth...
Financials outperformed on the month
but started to fall back in line with the yield curve in the last few days...
See Chart:
Equity and credit protection costs
collapsed in October...
See Chart:
The Dollar Index dived in October (after 3 straight months
higher), the worst month since Jan 2018, and back in
the red for 2019 (back below 200DMA)...
See Chart:
Down to 1195
While the rest of the world appears
to be weakening vs the dollar, the dollar itself is losing notable ground
against 'money'...
See Chart:
Dollar (fiat) vs. Dollar (gold)
Finally: today's vote to formalize the public phase of
the House's impeachment inquiry, odds of Trump being impeached by the
House have risen to 79% BUT the odds of him completing
his first term (i.e. a bet that the Senate will reject impeachment) is
at 70%...
See Chart:
The global economic data in October
was the worst month since May 2018...
See Chart:
Global Macro Surprise Index: DOWN
And what happens next.. IF THE TREND
GOES DOWN
Could happen, especially given the
stock market's decoupling from Fed expectations...
See Chart:
DOW
vs. # of rate cuts priced in by end 2020
….
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Where is the line between "working class"
and "middle class"? Maybe
there isn't any...
See Chart:
The ever-widening wage gap
Where is the line
between "working class" and "middle class"? Maybe there
isn't any.
Defining
the "middle class" has devolved to a pundit parlor game, so let's get
real for a moment (if we dare): the
"middle class" is no longer defined by the traditional metrics of
income or job type (blue collar, white collar), but by an entirely different
set of metrics:
1.
Household indebtedness, i.e. how much of the income is devoted to debt service,
and
2. How
much of the household spending is funded by debt.
3. The
ability of the household to set aside substantial savings / capital investment.
4. The
security of the households' employment.
5. The
dependence of the household wealth on speculative asset bubbles inflated by
central bank policies.
6. The
percentage of the household income that is unearned, i.e. derived not from
labor but from productive assets.
7. The
exposure of the households' employment to automation, AI or offshoring.
8. How
much of the household income is government transfers: benefits, subsidies, etc.
Continue reading and see more Charts at;
….
SOURCE: https://www.zerohedge.com/political/political-parties-media-have-abandoned-working-middle-class
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Even though
the federal government spent more money (estimated to be $300 billion for
various programs) and reduced taxes for businesses and individuals the
underlying growth rate of the economy did not change one iota.
See Chart:
US GDP QoQ %
See More charts at:
….
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When the
Fed was caught napping in mid-September, the bank treasury side of one of the
largest US banks basically took a line from the 1990 Martin Scorsese film
“Goodfellas” and told the bank’s capital markets side: “Fuck you, pay me.”
====
...who cares if we don't get any yield, at least we are signaling just how virtuous we are...
While still small,
sustainable financing is growing. There’s been
$165 billion of so-called "GREEN"-BOND issuance from companies and countries this
year - more than double 2016’s total - according to data compiled by Bloomberg.
See Chart:
Gaining Steam
Of course,
as most are aware, "green"-bonds are largely a marketing gimmick, and
if central banks really do escalate their buying, then you don't need a crystal
ball to forecast that there will be a rise in companies'
"Greenwashing" their issuance – using green labels to spend on not so
green things!
Nevertheless,
The San Francisco Fed is quick to explain
the 'benefits' of these "Green bonds"
Continua reading at:
….
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THE SCARY NEOLIBERAL
END:
Governments and central banks have a scary
problem in trying to keep public debt under control in this new world...
Financial
markets can be a scary place for investors. The US economy is now in its longest expansion on record, the world is
seeing record level of total debt and now even some
corporate bonds have negative yields.
Take a look at the
Bond Vigilantes team’s 2019 Scary Charts.
High YIELS
: beware of tourists
See Chart:
Watch out: when there has been the slightest sign of
trouble in some large household names this year, these high yield tourists have
wanted out at any price. Some high yield bonds have
taken a plunge this year, even where the bonds have not defaulted.
So if you’re dipping
your toes into high yield, make sure it’s based on a
deep understanding of issuers and that there’s nothing lurking in the depths...
See Chart:
If you
thought that bonds were the safe and boring part of your portfolio, think
again. Take a look at these two bonds, the Argentina 8.75% 2024 and Austria
2.1% 2117.
After Argentina’s
relatively market-friendly President Macri was trounced in the primary
elections by populist Fernandez, Argentinian bonds were decapitated, with more
than half their value chopped off. They now trade at around $40 per $100 par
value.
Meanwhile,
investors in Austria’s AA-rated 2117 bond this year will be patting themselves on the back for
the trade of a lifetime. With a duration of over 50 years, downward pressure on bond yields this year saw the bond
almost double in value.
See Chart:
Market
suffering from Trade war fatigue
While
current IMF figures estimate that the US-China trade war has shaved 0.8% from
global growth, with 0.5% added back by global monetary easing, could even more
protectionism and larger potential tariffs in the future leave investors
wishing for the days of Trump?
See Chart:
How does
it take to get a positive real Yield?
Equities
are for growth and bonds for income, right? Not in Germany, France, Japan and
the UK, where real yields are negative even up to 30 years. In Italy you need
to invest for seven years to get a positive real yield.
No wonder investors
are looking to emerging market debt in search of yield. Brazil and Mexico provide
positive real yields, as does Turkey – but beware an upside surprise to
inflation.
This is a
scary measure of how far investors are being pushed just to get a positive
yield.
See Chart:
Negative
Yields spreading to corporate Debts
If you’ve
seen enough negative-yielding government debt by now not to be spooked by it,
take a look at this next chart.
Even many corporate
bonds are now negative yielding. This chart shows the face value of
negative-yielding debt in the ICE BofAML Euro Corporate index: now as high as
€1 trillion!
Most of
this negative-yielding corporate debt is actually in the lower end of
investment grade, namely A and BBB.
See Chart:
A Scary
World
Governments
and central banks have a scary problem in trying to keep public debt under
control in this new world.
….
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Well that de-escalated quickly...
See Chart:
….
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"It’s complete bulls*** on both
counts..."
See Chart:
See more interesting
Charts at
…..
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“The FED didn’t just ‘save’ the US financial
system, it altered the flow of capital everywhere...”
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The cryptocurrency’s appreciation thus stands at a staggering 304033233%...
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"...the Fed puts us at a competitive disadvantage. China is not our problem, the Federal Reserve
is! We will win anyway."
====
With 232
votes for and 196 against, largely along party lines, the House approved a
resolution that puts Trump on the path toward impeachment.
====
Make no mistake: taxing the
rich is only a speed bump on the road to higher taxes for everyone. The
only way to avoid higher taxes is to stop
enabling Democrats by raising taxes every time Democrats yell “Boo!”
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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
New ISIS message threatens: "America,
don't you realize that the Islamic State is now at the forefront of Europe and
West Africa?"
====
Tensions
high after major incident on Israeli-Lebanese border...
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why cut at all instead of turning the taps all the way back to maximum production?
====
Rather than their power base diminishing, they are instead working hand in hand with private developers
to ensure that they remain the arbiters of the global financial system.
So far, they are succeeding...
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
-Serving ISR: US
Sanctions Iranian Construction Sector, Materials Linked to Missile Program -
Pompeo
-Experts
Raise Concern About Daesh Capabilities, Future Terror Strikes in Wake of
Al-Baghdadi Demise
-Twitter’s
Ban on Political Ads Can’t Address Corporate Money’s Influence on Policy covering electoral fraud coming: buying elections
-Two
People Killed, 30 Injured in Bus Crash in Southwestern Peru Chaparral
District
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION . Bienvenido el regreso
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ALAI ORG
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RT EN
ESPAÑOL
- Esta es la nueva directriz de las Fuerzas Armadas de Ecuador
- El Congreso de EE.UU. aprueba la resolución sobre el 'impeachment' que autoriza investigar a Trump
- Liberación del hijo del 'Chapo': dudas y contradicciones
- El Estado Islámico confirma la muerte de Al Baghdadi y nombra a su nuevo líder
- Iván Cepeda a Correa: "Si no hay cambios estructurales en Colombia, la violencia continúa"
- Banco Central de ARG limita el acceso a dólares para quienes viajen al exterior
- "La locura de las finanzas: nos pagan por endeudarnos y nos cobra por ahorrar"
- Policía de Chile usa cañones de agua para dispersar a los manifestantes
- Trump: hay injerencia extranjera detrás de las protestas en Chile La suya
- "Entrenarnos contra una amenaza realista": US 'disfrazan' sus Humvee como tanques rusos
- "Un club de países muy poderosos está abandonando el uso del dólar"
- Detrás de la noticia Muros y rejas
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INFORMATION
CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
-Trump claimed to kill al-Baghdadi, but brought
Isis back to life By Robert Fisk
-RU questions veracity of U.S. report of
Al-Baghdadi's death By
Sputnik News
-The Plundering of Ukraine by Corrupt American
Democrats By Israel Shamir
-The plot to destroy Trump presidency
By L Johnson Dems paid by Deep
State
-NY Times Hopes the Deep State Wins
By P Craig Roberts “ “ “
-Killing Me Softly With Militarism: Decay Of
Democ In America By W J.
Astore
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Jeffrey Sommers The
Poverty of Politics
Nick Pemberton Bernie,
Liz, and Rosa
Ramzy Baroud The
Ethnic Cleansing of Palestinian Christians
John Grant Donald
Trump and the New, New World Order
Jeff Mackler Self-Determination
for Syria! U.S. Out Now!
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
-Globalisation’s
Corroding Edifice By Dara Leyden et
al
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DEMOCRACY NOW
Amy Goodman’ team
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