MAR 31 ND
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
Pareciera
que la Economía funciona, pero las apariencias engañan
Amid an
ever-escalating guess at the size of pension fund re-allocations funds (latest
we saw was $150 billion) into month-end, both bonds and stocks were bid early
on today, but as the day wore on, bonds weakened as
stocks gained (driven by record IG issuance-driven rate-locks)...
See Chart:
Nasdaq vs 10Y Yield
But while some are
rebalancing into stocks, the scramble for cash among
average Americans has almost never been more panicky...
See Chart:
US
Currency Circulation week after week change
Just as
notably, crude oil prices crashed to multi-decade lows today, completely
decoupling from stocks (correlation crashed).
See Chart:
The
question is - how long will the bounce last? If it's month-end, then 2008 is
still in play...
See Chart:
Maybe it's
better not to play... con las
apariencias
And most of all,
some context shows that today's ramp merely unwinds the carnage from the last
30 minutes of Friday... (note this was a 1300
points rally off overnight lows)
See Chart:
S&P and Nasdaq
managed to erase that late-day plunge...(Note the
Dow ended perfectly unch from Friday highs)
See Chart:
Breadth
was very weak with declining volume dominating advancing volume for most of the
day...
See Chart:
The Dow
pushed back above the Dec 2008 lows today...
See Chart:
S&P
500 down
US IG
credit has dramatically outperformed Europe since The Fed promise to start
buying... pero nadie cree en promesas
See Chart:
Treasuries were bid
overnight but selling pressure accelerated as the US day session wore on
(month-end rebalance and record IG issuance-driven rate-locks - U.S.
companies borrowed a record $109 billion, which was met with $550 billion of
demand, in what one dealer called a “food fight” for new bonds,
according to Bloomberg)
See Chart:
La linea verde indica que estamos de caida
Intraday,
10Y Yields fell back to a 59bps handle before the US session sell-off..
See Chart:
UST 10 Y
Yield
Mission
Accomplished for The Fed as Agency MBS dislocations have corrected...
See Chart: Dawn
The
B-Dollar Index managed little gains today (the first in 5 days and best in 7
days)...
See Chart
La caida es obvia, los little gains no la compensan
Commodities
were all lower today led by crude's carnage...
WTI broke
down to $19.27 at its lows (before bouncing back above $20.00 on the settle)...
See Chart:
Huele a massacre: Lazaro se levanta.. pero el muerto siguió
muriendo
And finally, as the
oil market struggles with an unprecedented hit to demand caused by the
coronavirus, its main measure of supply and demand is
screaming that a historic glut is emerging.
See Chart
Hay supply pero solo para los de arriba
As Bloomberg
details, Brent crude futures for May are now trading at an incredible $13.30 a
barrel discount to November prices, a deeper and more bearish super-contango
than the market saw even in the depths of the 2008-09 global financial
crisis.
Consultants say that, as things currently stand, the world is just a
few months from running out of places to stash crude.
And we
note that the 'Virus Fear'-trade started to pick up again today..
See Chart:
‘Virus Fear’ Trade :
SE promete liquidez para todos.. pero hay temor y poca fe
….
SOURCE: https://www.zerohedge.com/markets/stocks-bonds-bid-month-end-despite-americans-massive-scramble-cash
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The
cyclically adjusted primary fiscal deficit to rise to 14% of GDP in 2020
(assuming stimulus of US$2.0 trillion) compared with 7% of GDP in 2009 – the
highest level since the 1930s. The
headline fiscal deficit will rise to around 18% of GDP in 2020.
The headline fiscal
deficit will rise to around 18% of GDP in 2020.
See Chart:
US: Headline Fiscal Balance
(% of GDP)
With the
help of this extraordinary policy action, and assuming an April/May Covid-19
peak, we expect the global economy to be on the mend from 3Q20 onwards.
See Chart:
Global Real GDP growth, %Y
….
SOURCE: https://www.zerohedge.com/economics/us-2020-fiscal-deficit-will-explode-18-unseen-world-war-
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"Don’t look now but you’ve been screwed again... They will
run patriotic commercials, while sticking a red white and blue dildo
up your ass..."
Those in charge never let a crisis go to waste. 9/11 was used to pass the Patriot Act and initiate nineteen years of declared
and undeclared wars in the Middle East to create chaos, empower Israel, and
abscond with the oil of sovereign countries.
The 2008/2009 crisis, created by the Fed and their Wall Street banker
proprietors, was used by the powers that be to abscond
with trillions in national wealth, while further enslaving senior citizens in
poverty and forcing the working middle class further into debt servitude.
Bernanke, Yellen, Geithner and a myriad of other banker flunkies have been
richly rewarded for their traitorous actions by their Wall Street brethren,
with tens of millions in compensation for their duty and honor to the cabal.
The men who created the 2008/2009 global financial
collapse through their mortgage fraud scheme, used fear and panic in the
markets to force the feckless pathetic bought off congress apparatchiks to pass
TARP and dozens of other
ridiculous “bailout bankers” schemes to provide a façade of recovery. There was never a recovery. The unpayable debt
was papered over with trillions more of unpayable debt, until something
snapped in September 2019.
The first half of this twenty year, or so, Fourth Turning was ushered in
by the 2008/2009 financial collapse and the subsequent disastrous solutions
implemented by the ruling class in order to preserve their wealth, power and
control. The taxpayer bailout of Wall Street should have been called NO BANKER LEFT BEHIND.
The masses have been indoctrinated through
government schools and propagandized by the captured corporate media to such an
extent, they have been convinced abnormality and pillaging by the ruling class
are both normal and acceptable. The
world added $90 trillion of debt between 2000 and 2008, over a 100% increase.
Bernanke, Yellen, Powell and their other central bank
co-conspirators said hold my beer and added another $90 trillion since the
first debt created crisis.
The Himalayan mountain of debt now stands
at $253 trillion, or 322% of global GDP. Rogoff and Reinhart proved countries whose debt surpass 90% of GDP always proceed
towards crisis and currency debasement.
See Chart:
GLOBAL DEBT HITS A RECORD HIGH
Our very own CDC “experts” tell us the country has
already experienced 38 to 54 million flu infections since October, with a half
million hospitalizations, and at least 24,000 deaths, so why weren’t our
hospitals overwhelmed? I
know this is a serious virus, but the scare tactics being utilized by our
overseers, corrupt politicians and their corporate media propaganda outlets is
beyond excessive, and reveals a far more nefarious purpose.
See Charts:
About the CV and Health situation of Americans
Did we need to purposely create a global depression
in order to defeat this virus? Will the benefits outweigh the cost? Is this health crisis being used by the
monied interest swine to again gorge themselves at the taxpayer trough, robbing the public, while persuading them it’s for their
advantage? The “conspiracy theorists” among us, who have been proven
correct time after time over the last decade, know the answers to these
questions:
This is a controlled demolition by the powers that
be as cover for their fraud, criminal schemes, and looting of the national
treasure.
See Graphic:
Recovery!! …
FOR US!
“To rob the public, we must first deceive it. The trick consists in
persuading the public that the theft is for its advantage; and by this means
inducing it to accept, in exchange for its property, services which are
fictitious, and often worse.”
– Frederic Bastiat
Only in a suicide cult,
which our country has become, would the majority support and cheer for a
corporate lobbyist written $2.2 trillion 873-page windfall to bankers,
connected mega-corporations, and every special interest imaginable.
This doesn’t even account for the $4 trillion
of secret payoffs and behind the scenes shenanigans of the Federal Reserve, as
they do their part to support their banker owners once again. And just to make
sure none of their despicable acts will see the light of day, the ruling class slipped in little clause titled:
SEC. 4009.
TEMPORARY GOVERNMENT IN THE SUNSHINE ACT RELIEF.
We’ve shirked
responsibility for our own lives by believing the very same people who didn’t
see the crisis coming, weren’t prepared, and have failed miserably to centrally
control the situation. We’ve given them the power over our lives and we are being led
towards the slaughterhouse. It was our choice. We
let fear overcome reason and courage.
NATION OF
SHEEP.. RULED BY
WOLVES.. OWNED BY PIGS
Burning Platform
And to:
Nueva Democracia: https://nd-hugoadan.blogspot.com/
Hugo Adan Zegarra: 314 Ophelia St. Pittsburgh PA 15213
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SHORT ECONOMIC NEWS
"This change has been made to
ensure the Desk has sufficient time to obtain all bids from eligible
counterparties on quarter end in light of remote working arrangements of
eligible counterparties"
The chart below demonstrates the
collapse in TSY submissions to the Fed's repo operations ever since QE
Unlimited was launched, which also meant that instead of parking their bonds at
the Fed for up to 3 turbulent months, with an avalanche of new debt coming down
the pipe, Dealers could just sell them to the Fed instead. SEE CHART:
"Why on Earth you would tie
something up for three months in repo with the Fed buying," .. "I
think people are getting wise to the fact that an absolute tsunami of global
sovereign debt issuance is on its way. Best to sell it all to the fed NOW
probably."
Meanwhile, instead of worrying about
the repo - which thanks to Unlimited QE is now irrelevant - the Fed shoudl be
much more focused on what is going on with uptake of its reverse repo operation..
SEE CHART:
….
====
The memo
said suspending rebalancing
during
extreme periods of volatility is prudent.
====
The energy
sector has lost extraordinarily
$1.15trn in market value this year as oil prices have plunged to
almost unimaginable levels...
….
Hay especuladores que retiraron su sobre acumulación de capital del Mercado
financiero interno (sea por alta
volatitidad y en espera de un mejor momento ..que no llego, o sea por el CV tambien los afecto) En realidad, los super-billonarios
no fueron afectados ni por el CV ni por la dinámica Keynesiana. De este sistema
recibieron los bailouts y los QEs, ellos prefirieron dormir sobre sus billones
que invertirlos para aligerar la explosiva desigualdad que crearon.
Dos economistas dijeron que la
recession es el momento preciso para liquidarlos, de lo contrario son ellos
quienes liquidarían a Trump. Hayes indico que es la recesión lo que permite
liquidarlos, es lo único positivo de una recesión.
Fue lo que Keynes sugirió a
FDR y este lo hizo, les confisco no solo su oro, a algunos evasores de
impuestos les confisco su Capital acumulado en bancos del pais.
Krugman dijo
que el daño de estos super billonarios fue desmontar la dinámica del spending
que sugirió Keynes ( el spending the labor o consumidor de pueblo, el spending
del inversor productivo y el del mismo Estado, a estos spending Keynes le llamo
‘agregated demand’) Y la demanda agregada es la clave del crecimiento económico,
y es lo que da fueza al GDP.
La unica razón
por la que Trump no los liquidaría es porque él es cómplice o parte de ese Fraude.
====
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
The silver lining is that this next
crisis could finally demolish the Keynesian welfare-warfare state and the
fiat money system...
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DoD leaders "worried adversaries
could exploit such information, especially if the data showed the outbreak
impacted U.S. nuclear forces or other critical units."
====
Despite an observable urge for the regulatory
agencies to crush the culture of vitamins and erase their history, it’s
leaking out into the mainstream that intravenous (IV) vitamin C in high
doses is effectiveagainst COVID-19...
====
"I hope it works"...
====
The Treasury has taken decisive action and is literally flooding the
market with T-Bills to satisfy the market's panicked need for cash-equivalent
paper.
====
"It could never happen
again..."
====
"You do not matter. The imperial statedoesn’t care about
you. Oligarchs don’t
care about you. Mega corporations don’t
care about you..."
====
Congratulations
America, you were just bought by a group of anonymous bankers with your own
elected politicians making it possible.
====
...here's where the $2
trillion will be spent...
See Chart:
Broadly speaking, there are five
components to the COVID-19 stimulus bill:
See Chart:
….
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As we wait for scientists
to develop a vaccine for COVID-19, there is another, more readily
available tool at our disposal. Social
distancing is the first line of defense for containing an
infectious disease... See Chart
Theoretical Potential
Using a
summation formula makes it possible to estimate the number of new infections
over a 30 day period, across three scenarios.
See Chart
The
results, for a community of 30,000 people and an epidemic with R=2.5, are
charted below. We can define the final
illness attack rate as the share of people from an at risk
population who ultimately catch the disease.
See Chart
Results showed that when no action
was taken, 65% of the
population contracted the disease. However, if a combination of all four
distancing measures were implemented instead, the attack rates were:
45%
(distancing begins after a 4 week delay)
21% (distancing begins after a 3
week delay)
7%
(distancing begins after a 2 week delay)
SOURCE:
====
They're
going to need to ramp up production of these drugs...
====
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
Human beings fear what they do not understand and that fear causes them to behave in irrational and
destructive ways. The current Covid-19 pandemic is a perfect example of that...
====
TIT for TAT: Trump accused China of causing CV and now comes
the boomerang
"Do
you think the Americans came to Wuhan to buy soy sauce?"
====
Rather, obnoxiously, I would suggest, you give some consideration to
thepossibility that there is no
reasonable side to the Saudis - not as it would pertain to our
interests...
====
"Brazil
cannot stop or we'll turn into Venezuela..."
====
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
====
====
EL
RESTO PARA MAÑANA
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