miércoles, 12 de febrero de 2020

ND FEB 12 SIT EC y POL



ND  FEB  12  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 gaping US budget deficit hole is getting bigger with each passing month.

The cumulative deficit for the first four months of the year has surged to $389BN, some 25% higher than the $310BN for the comparable period a year ago.

Also Notice that with a third of fiscal 2020 down, the US deficit was the widest going back all the way to 2011, when the nation was still spending like a drunken sailor under President Obama in response to the financial crisis, and when the final deficit for the full year soared to $1.3 trillion.
See Chart:
Cumulative Fiscal Budget Deficit  (SBN)
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As one 'scientist' noted this morning, "we cannot contain an epidemic with wishful thinking," but that hasn't stopped the world's investors from Buying the F**king Meltup once again...

See Chart:

And why wouldn't global stocks be soaring to record highs? Earnings are killing it... oh wait!?
See Chart:
DOW  vs. Dow Consensus 12m forward EPS

Chinese stocks have reaccelerated after a brief pause (ChiNext is now up 8% since the start of Covid-19)...
See Chart:

And in the US, only The Dow Transports remain red since the start of Covid-19. Today saw everything rip with The Dow up 300 points...
See Chart:

"It's easy, you just buy the fucking dip..."
See Chart:

And it's all levered longs as MSFT call-demand has exploded over the last two weeks..
See Chart:

BUT  VIX fell once again today, back near its lowest level since Covid-19, as stocks have soared...
See Chart:

And Credit markets continues to refuse to play along entirely with the "all-clear" message from stocks...

Treasury yields rose on the day (10Y>1.60%), but  dramatically lower since the start of the Covid-19 virus...
See Chart:

US 30Y Yields rose again today but remain notably lower since the start of Covid-19
See Chart:

For the 8th day in a row, the dollar was aggressively bid during the US session - after overnight weakness - as USD asset flows (see stocks and bonds) from offshore dominates any reality...
See  Chart:  Bloomberg Dollar Index

USD -Gold: down. While the dollar is bid (as the rest of the world's fiat currency migrates to USD assets amid the Covid-19 crisis), it is the rotation for safe-haven gold that is most notable...
See Chart:
USD vs Global fiat up  but USD vs GOLD down

The Euro collapsed to its weakest level against the USD since May 2017... BUT  the Swiss Franc (safe-haven) is soaring, despite SNB's best efforts, to its strongest against the EUR since June 2016...not exactly the signal we are getting from stocks...
See Chart:
Panic bid  vs safe heaven

WTI bounced back above $50 today - despite OPEC cutting demand outlook, record US production, and a huge crude inventory build...
See Chart:

Finally, this could never happen again, right?  But it happened.. n could happen again
See Chart:

OR THIS?
See Chart:

"Not Cheap"... S&P >19x, and Tech > 23x?!!!
See Chart:
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Inflation hidden:

It remains a puzzle why the most important central bank in the world continues to base its policy decisions on a single price index that includes “artificial” and non-market prices, and excludes the price signal from housing.

The PCE index is more comprehensive, but it is wrong to conclude that it is a “superior” price index for the simple reason it is less of measure of inflation consumers actually experience.
See Chart:
Core Inflation
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio



"Bloomberg is trying to buy this Election... That is not Democracy! That is plutocracy!"
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Price, an Iowa native, worked as political director for Barack Obama's 2012 Iowa campaign and Hillary Clinton's 2016 Iowa campaign.
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11 years after the financial crisis...Permanent intervention. That’s their answer. That’s intellectual bankruptcy and exposes central bank policy to be an empty suit...
                ….
When Jerome Powell started his testimony today, the Dow was up 125, & heading higher. As he spoke it drifted steadily downward, as usual, and is now at -15.  Donald Trump
Fed Chair whose renewed easy money policies have propelled stocks sky high using the opportunity to jawbone markets higher by promising even more easy money:
See Chart In
The times we live in by Sven Henrich at:

The Problem is of course all these loose monetary policies have done exactly nothing for the the rest of the population since the financial crisis:
See Chart:

And so the solution is to do more at the first sign of trouble.
The audacity of the claim is of course pretending that this is not exactly what they have been doing ever since markets plummeted 20% in Q4 of 2018. Jawbone and QE and repo. Powell, like his processors before him has shown to be beholden to markets, to appease them, to make sure they don’t get disappointed. Another easy money shill. At the first sign of market trouble he ran scared and flipped and flopped and now he will never make the mistake of policy tightening again. He is a perma dove now, he will always ease and use “forward guidance” (jawboning) to keep markets from dropping too far.

AFTER ALL THAT’S EXACTLY WHAT HE HAS BEEN DOING SINCE 2019:
See Chart:

There is an easy way to refute the claim of course, but the Fed won’t dare:
Stop repo completely for a week.
Just try it.
Start tomorrow.
Watch what happens
https://t.co/mzALQlvMPN
Sven Henrich (@NorthmanTraderFebruary 12, 2020

Central bankers still pretend to deny that repo has no impact on asset prices when participant behavior clearly has shown that this is exactly what’s happening.
And so here we are in 2020, with the highest market valuations in history on many measures and all they’re talking about is more QE and jawboning.

PERMANENT INTERVENTION. That’s their answer. That’s intellectual bankruptcy and exposes central bank policy to be an empty suit.
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...in 2013 when Lake Michigan was at arecord low, "what we are seeing in global warming."
...now, citing “catastrophic lakefront erosion” from high water, CHICAGO just declared a climate emergency.
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That's because under the rigged rules of our system, things are working more or less as they are supposed to...
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The House of Representatives in the state of Virginia is quickly ramming liberal legislation down the throats of innocent people...
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"... if Bernie Sanders were to be elected president, just imagine what would happen to the price of gold. The very night the results came in."
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It is an  stupid assumption. The price of gold doesn’t depend on 1 single Presid
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La carabina de Ambrosio: they shoot on their own foot

Voters want to see a challenge to the Washington establishment, the media bias only worked to the advantage of Donald Trump... It may have the same impact in favor of Bernie Sanders.
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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


"What are you doing in our country?"the local Syrian man asks while approaching the US convoy.
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...the age of globalism has already passed.
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"Taiwan has urged China to focus its efforts on fighting the new coronavirus rather than menacing the island."
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO  ..Focus on neoliberal expansion via wars & danger of WW3

- Animal Sacrifices and a Beheaded Priest: The Gory Story of St. Valentine’s Day Animal sacrifice is totally irrational, but beheaded pedophile’priest.. a lot of reasons
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes & terrorist imperial chaos

REBELION

Opinión   La niña bonita  Carolina Vásquez
COL:  El imperialismo actual y Colombia  Alberto Pinzón

ALAI ORG


RT EN ESPAÑOL

"El tío de Guaidó fue detenido por portar explosivos en un avión  en contacto con el Servicio Secreto del US" https://actualidad.rt.com/actualidad/342909-diosdado-cabello-denuncia-tio-guaido
Argentina: "El FMI es también responsable por la crisis de deuda"   https://actualidad.rt.com/actualidad/342890-ministro-economia-argentina-dijo-fmi-responsable-crisis
Partido de Evo Morales presenta ante el TSE todos los requisitos exigidos a sus candidatos  https://actualidad.rt.com/video/342908-partido-morales-presentar-tse-requisitos-candidatos
Ministros de Defensa de la OTAN se reúnen en Bruselas en medio de un clima de desavenencias  https://actualidad.rt.com/video/342836-ministros-defensa-otan-reunion-bruselas 
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3

A Culture of Cheating?  By Lawrence Davidson


COUNTER PUNCH
Analysis on US Politics & Geopolitics

Nimri Aziz   Being a Democrat, Ugh
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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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ASIAN NEWS
Press TV

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