ND
NOV 8 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
When many
central banks have negative policy rates, they just offset each other in a race
to the bottom, leaving their currencies broadly unchanged and staying with the
negative side effects, making everyone worse off.
See Chart:
As Vamvakidis writes, two key developments happened this
fall that makes his believe that this is a great opportunity for central banks
to get rid of negative rates, without being concerned about a strong currency,
given the side effects.
- First, the ECB cut depo rates even deeper into negative territory in September and EUR did not respond (Chart 1). Up to an extent tiering may have offset the impact of the depo rate cut, but if this is the case, then why cut in the first place?
- Second, the Riksbank signaled in its October meeting that it wants to bring rates back to zero, despite weak data, because of concerns from negative side effects, at the same time strengthening forward guidance promising to keep rates at zero for longer, and SEK also did not react much: the market has now priced the hike fully (Chart 2).
See Charts
As BofA points out, the absence of correlation between rates
and FX this year is also obvious in the case of the Fed. The Fed went from hiking four times last year
to cutting three times so far this year. The market was
pricing two hikes for the Fed when this year started, then moved to pricing
four cuts this year and another four next year by mid-2019, and is now pricing
only one cut for next year. And yet, the USD has remained broadly unchanged, with DXY actually
slightly up so far this year!
Here BofA's FX strategists make
another notable observation: With the exception of CHF, all currencies in economies with negative
rate are undervalued, as they should be.
See Chart:
So even if bringing rates back to zero causes some temporary
appreciation, most economies can afford it. The ECB in particular introduced
negative depo rates when EUR was overvalued and EURUSD was at 1.38, compared
with 1.11 today. In any case, it was introduced to avoid QE, given political
sensitivities, but remained because of concerns that the currency could
strengthen again otherwise. To BofA, "these arguments are not valid anymore."
The problem today is
that just like OPEC, the world's central banks can only coordinate as long as
not one bank violates the terms of the agreement. And if the past decade has
taught us something it is that when push comes to shove, central banks become
political tools of the state (see the Bank of Turkey for the latest example), to be used by politicians in power to perpetuate their
careers. As such any hope that central banks can agree among each other to cut
only to zero and never below, is nothing but a pipe dream.
….
----
----
Remember, this is 'Not' QE...
The Fed has expanded its balance
sheet for 10 straight weeks (by almost $280 billion) - the biggest such expansion since April 2013,
the peak of QE3...
See Chart:
FED Balance Sheet
Since The started 'NotQE' POMO...
See Chart:
FED ‘Not QE’ POMO
And that explosion in liquidity
means fun-durr-mentals collapsing just don't matter...
See Chart:
Odds of Warren becoming Presidential
Nominee vs. S&P 500
"Most
shorted" stocks fell for the second week in a row...
See Chart:
And as VIX tumbled, specs piled in
to a new record short position...
See Chart:
Finally, here a
few scary things for melt-up fans to watch...
The
surge in yields - we note that
despite all the excitement about bond yields rising, signaling to some that
growth is back and everything with record high stocks is awesome again, the last two times that rates accelerate at
this pace, things did not end well for stocks...
See Chart:
Additionally, the steepness of VIX term structure is
extreme - a level at which stocks have generally stalled in the past two years...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm7DD3.jpg?itok=qIrR-N45
----
SOURCE: https://www.zerohedge.com/markets/gold-suffers-worst-week-3-years-fed-balance-sheet-explodes
----
----
"The global elite do not want humanity to be free. They want us to be in as much debt as
possible so that we can make them richer..."
====
The first task of
those at the levers of neoliberal global capitalism is to deny that global capitalism is in crisis...
with the no recession ever
again policy that is the implicit goal of central banks and
governments globally.
====
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
[[ Corrected message ]]
.
1-Because we
defend the PUBLIC NEED not the PRIVATE
GREED
2- Because the collapse of the
neoliberal system demand socialism
3- Because
the political system is totally corrupt & anti-democratic
4- Because the business of war
& weapons manuf put US as WW3 target
====
The ‘sexist white Trump’
will be defeated , if not deposed
from power
From the tempo and tenor of the attacks, establishment fears of Warren’s success are real - and
understandably so...
====
We will get the
President of Brazil back to power in short time
He
served a year-and-a-half of a
nearly nine year total sentence after being convicted of taking
bribes from engineering firms as part of the sweeping anti-corruption “Car
Wash” investigation.
====
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
We need a real Nobel Prize,
a one who think on how to achieve PEACE NO WAR
... now, for the first time,
there may be a solution to the previously unsolvable nuclear waste
issue.
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
----
----
NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
Mundo Milicias apoyadas por la CIA atacan varias
clínicas en Afganistán matando a su personal sanitario y a decenas de civiles Andrew Quilty
====
ALAI ORG
BLOCKED
EL
MODELO RT EN ESPANIOL NO ES POSIBLE CAPTURARLO EN MI COMPUTADORA
====
VOLTAIRE NET EN ESPAÑOL
- «El arte de la
guerra» “El Califa”, superproducción de
la CIA entre ficción y realidad por Manlio Dinucci
----
----
VIENTO SUR
- Argelia
: Tras la fuerte movilización del 1 de
noviembre: ¿cómo ignorar el mensaje del hirak? Madjid Makedhi
- La
crítica de la democracia burguesa en Rosa Luxemburg “El golpe de martillo de la revolución” Michael Löwy
- Ent a
Raquel Gutiérrez, feminista latina : "Hay un nuevo torrente de
luchas de las mujeres en defensa de la vida" Begoña Zabala
----
----
INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
-Ayatollah Sistani Warns Against U.S. Coup
Plot In Iraq By Moon Of
Alabama
- Macron warns Europe: NATO is becoming
brain-dead By The Economist
- The Blossoming Of A Greater Eurasian
Partnership By Pepe Escobar
- Total Destruction of Europe Will Be It's
Payoff for Being an American Vassal: Princeton University Scientists By Russia Insider
- Brazil's ex-President Lula freed from prison By Al Jazeera, ICH and Agencies
----
----
COUNTER PUNCH
Analysis on US Politics & Geopolitics
Andrew Levine What
Rises to the Level of Impeachability?
Conn Hallinan Middle
East: a Complex Re-alignment
----
----
GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
----
----
DEMOCRACY NOW
Amy Goodman’ team
- “We
Can’t Afford to Wait for the DNC”: Why Black Lawmakers Organized an
Environmental Justice Forum
----
===
No hay comentarios:
Publicar un comentario