viernes, 4 de octubre de 2019

ND OCT 4 19 SIT EC y POL



ND  OCT 4  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


It has been a remarkable, rollercoaster week for the market, which first plunged after a dismal manufacturing ISM print, the lowest in a decade, as stocks shocked traders by responding correctly for once to shitty economic data...
In other words, after starting the week off around 2,970, then plunging as low as 2,860, the S&P is almost back to unchanged, and set to close the week just barely changed at 2,950.
See Chart:
#Rate Cuts Priced In  vs S&P Emini Futs

Today's low-volume equity euphoria was so powerful it pushed every single sector in the green, led by the financials, tech and homebuilders.
See Chart:

Looking below the surface showed that we regressed to a familiar regime, one where momentum and growth stocks led the move higher, while value tumbled as the market once again fell in love with "growth leaders" suggesting that the surge in the market was driven by expectations of global economic slowdown and even more central bank intervention.
See table:

Whatever the cause, the scare of the early half of the week, which had sent the market on pace for its worst week of the year, disappeared with the Dow staging a remarkable, 828 point rally from the Thursday lows, and the Friday ramp was the strongest since mid-August.
See Chart:
Dow Daily Change %

As all this is happening, the world continues to slide faster toward a recession:
World GDP Forecast : DOWN
China's massive credit impulse get ever weaker.
In the US as equities surged, bond yields tumbled, and despite rebounding slightly after today's NFP report, the 10Y yield sank all day, closing near session lows.

It wasn't just the 10Y yield sliding: the entire curve gravitated lower...
See Chart:

... and since the short-end got hammered the most, the yield curve steepened substantially, with the 2s10s blowing out from 5bps to start the week, to a high of 16bps on Thursday as 2Y yields tumbled, only to fad some of the move higher on Friday.
See Chart:
There was also a sharp reversal in the Bloomberg dollar index, which after hitting multi-year highs just before Tuesday's Mfg ISM, tumbled as currency traders priced in more rate cuts by the Fed. It closed the week at the lows.
See Chart:

Similar to bonds, commodities hardly shared stocks euphoria, and Brent tumbled from $62 to $56 on Thursday, before recovering some losses on Friday, still down nearly 6% on the week.
See Chart:
BRENDT

The good news: traders get to do it all over again next week, when we finally get some real news - instead of just lies, rumors and speculation - from the upcoming US-China trade talks. If the two countries fail to reach some agreement, the pain observed in the first half of this week is likely to make a dramatic return.
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We needed the true on US employment and here it is:

If one looks at the various job sectors, the emerging picture is hardly a dismal one, with 10 industries adding jobs, 3 losing, and one unchanged.

Below is a visual breakdown of all the main categories:
See Chart:
Jobs added by Jan-Aug 2019 and  Sept 2019 (‘000)

Digging into the numbers above, below we show the fine detail level for industries with the highest and lowest rates of employment growth for the most recent month, via Bloomberg.
See Charts:

Finally, the most notable trend was the continued decline in retail, where the Amazonification of America is accelerating, in the process destroying the legacy brick and mortar sector, which peaked in Jan 2017, and has lost jobs for 8 consecutive months, and 9 of the past 10, as the legacy retail sector is getting gutted.
See Chart:
Total retail jobs vs  Monthly  Change
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If our forecast is right, be ready for a very negative market reaction and higher pressure on the Fed to cut rates this month.
See Chart:
ISM Employment Index vs MoM  NFP Change
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Anyone hoping that Jerome Powell would share some profound insight into the Fed's next move DURING HIS SPEECH TODAY, WAS DISAPPOINTED.
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Arrowgrass wrote down its stake in the Dreamland park owner in the seaside town of Margate to 19.7 million euros ($21.6 million) over the last month, down 70% from its previous valuation.
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio


The White House is preparing for a court fight and arguing to the public that its resistance to Congress' requests is justified.
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"Duty Calls. Sometimes the moment chooses us.
New emails obtained through a Freedom of Information Act (FOIA) lawsuit reveal the details surrounding communications between Deputy Attorney General Rod Rosenstein and Robert Mueller in the days leading up to the former FBI Director's appointment as special counsel in the Russia probe. Mueller would go on to assemble a team comprising "13 Angry Democrats" as Trump called them, due to their obvious animus towards the president. 
According to the 145 pages of documents obtained by Judicial WatchRosenstein and Mueller were discussing just three days after President Trump fired former FBI Director James Comey, and ostenisbly for some time before that. 
"The boss and his staff do not know about our discussions," Rosenstein wrote Mueller on May 12, 2017 as the two tried to nail down a time for their next conversation.  
"These astonishing emails further confirm the corruption behind Rosenstein’s appointment of Robert Mueller," said Judicial Watch President Tom Fitton. "The emails also show a shockingly cozy relationship between Mr. Rosenstein and anti-Trump media reporters."
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The "gilded life" that Adam Neumann always wanted will remain forever out of his reach...
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Elected and appointed government officials, at all levels, and local economic development councils, areaware of the vital impact of the military budget, which often clouds their thoughts on the lethal activities that it supports...
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"multiple complaints" 
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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

HERE the answer to US sanctions to RU:  lo que va.. viene, como boomerang

...Rosneft has set the euro as the default currency for all new exports of crude oil and refined products...
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Does Delisting Chinese Firms creates  ‘good environment” for US-China meeting?

"That would mean Alibaba and all of these other large companies couldn't come to the US anymore..."
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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
VEN:  Pinocho en la ONU Renán Vega El costo de ser marioneta del imperio
Ecuad:  El FMI gobierna hoy en el Ecuador  Edgar Isch L.
Ref-Edu:  Y llegó septiembre  Ana María Valencia
US:  Trump, el terrorista económico  Patricio Montesinos
Ecua: Mujeres contra el paquetazo  Denunciamos la represión  C M
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ALAI ORG
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RT EN ESPAÑOL

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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3

-Deglobalization and its Discontents  By Ambassador Chas W. Freeman
-Bitter Sweet Symphony  The Verve
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THE REST FOR TOMORROW

PRESS TV
Resume of Global News described by Iranian observers..

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