ND
MAR 15 20 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
"While we are not assuming an
Italy-style national shutdown in the US, the experience of countries like
Italy, Spain and France offers some indications of the impact that extreme
local-level quarantines could have."
The chief economist Jan
Hatzius, at Goldman said that it expects US economic activity
"to contract sharply in the remainder of March and throughout April as
virus fears lead consumers and businesses to continue to cut back on spending
such as travel, entertainment, and restaurant meals. Emerging
supply chain disruptions and the recent tightening in financial conditions will
likely add to the growth hit."
As a result, the bank is now expecting
Q2 GDP to crater -5%, down from its prior forecast of 0%, and the biggest
quarterly GDP contraction since the peak of the financial crisis when GDP
cratered by 8.4%.
See Chart:
US
GDP: Goldman Q2 GDP Forecast
Even with monetary and fiscal policy turning sharply further toward
stimulus—we expect a 100bp rate cut on Wednesday and a fiscal impulse of 1-2%
of GDP—these shutdowns and rising public anxiety about the virus are likely to
lead to a sharp deterioration in economic activity in the rest of March
and throughout April.
Exhibit 1 provides illustrative estimates of how large the GDP impact
of these consumption cutbacks could be at their peak in the worst-affected
areas. The bottom of the exhibit shows our assumptions about the peak magnitude
of cutbacks—for example, we assume an 80% decline in spending on sports and
entertainment and a 50% decline in hotel and restaurant spending. We have
scaled up some of our earlier estimates based on preliminary signals from US
cutbacks to date and from the experiences of other economies that went through
large outbreaks earlier this year. The bars in the
exhibit multiply these assumed cutbacks by the GDP share of each category to
estimate the impact on the level of GDP.
See Chart:
In short, while Goldman has no idea if and how
the V-shaped recovery will take place, it is certain it will, and it now sees
Q3 GDP surging +3%, up from +1%, and even higher, or +4% in Q4, from +2¼%, with
further strong gains in early 2021.
See Chart:
One shudders to think what the real GDP will be at the end of the year,
when Goldman's V-shaped recovery never materializes, and instead the far more
probably L-shaped "recovery" emerges.
….
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... where it goes from there is anyone's guess.
Friday's record 2000 Dow point
surge will likely be cut in half if the spread
bettors at IG are correct in indicating that
the Dow is set to open about 1,000 points lower.
See Chart at:
Two
caveats: One This level is just indicative based on a handful of
traders in a market vacuum, and ignores all the
positional reflexivity and negative gamma that will emerge violently on the
scene one futures do open for trading, where a
crash as big as this will likely drag futures even lower... or not. The
truth is nobody knows what happens next as the market has never before found
itself in such a place.
Two: even if futs open
about 4% lower, where they go from there will depend on the Fed. IF, as BofA expects, the Fed announced a Commercial
Paper facility, watch out above, as futures soar limit
up as the dollar funding crisis is set aside for the time being. On the
other hand, IF the Fed does nothing and disappoints "whisper" expectations of a late Sunday
intervention, then all bets are off.
…
The rest of this art is blocked
at 7:46 pm
….
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And there it is.
Jerome Powell did not
disappoint and moments ago the Fed announced a barrage of emergency measures
which included:
- Welcome back ZIRP: Fed cuts rates by 100bps to 0-25bps from 1.00 -1.25bps. This is in addition to the 50bps rate cut on March 3, which means that in just under two weeks the Fed has cut rates by 150bps to zero.
- Fed officially launches QE5 (no more "Non-QE" bullshit), consisting of "at least" $500BN in Treasury purchases and $200 billion in MBS.
- Boosting intraday liquidity: The Fed announces Measures related to the discount window, intraday credit, bank capital and liquidity buffers, reserve requirements, and—in coordination with other central banks—the U.S. dollar liquidity swap line arrangements
- Reserve requirements cut to zero: The Fed cuts reserve requirement ratios to zero percent effective on March 26.
- Coordinated swap lines: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. The pricing on the dollar liquidity swap arrangements is cut by 25 basis points, so the new rate will be the US dollar overnight index swap (OIS) rate plus 25 basis points.
READ MORE at:
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LOS BILLONARIOS PIDEN
MAS
With the Fed firing its biggest
bazooka ever, the market has to restore full normalcy for the Fed's action not to be
in vain, and so far it has failed to do so.
See Chart:
That said, we will get a better sense of what traders are thinking when
futures reopen in a few minutes, where anything less than a surge higher could
be catastrophic for the Fed.
….
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SHORT
NEWS ON ECONOMICS:
Powell better explain why the market's reaction is wrong or
else...
====
The party is over.
====
Last week the world got a dollar
margin call, one which according to JPM is now $12 trillion, 60% of US GDP, and
roughly double where it was during the financial crisis.
====
The current environment has some
elements of both prior episodes raising the possibility that the decline in
economic activity in upcoming quarters could rival the large declines that
occurred in 1980 and 2008.
====
US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
The former Vice President will need
to remain calm and focused after several recent gaffes...
Biden’ telling a Detroit
autoworker leader that he's "full
of shit" for criticizing him over his plans for the Second Amendment,
caused questions about his mental
fitness to be president.
Debate: Watch
live!:
Video URL:
https://youtu.be/csW2j2wAy9g
….
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"The
billionaire class is 'up there' because they are standing on our backs pinning us down..."
Income
inequality is roaring...
See Chart:
Share
of income captured by the top 1%
Wealth
concentration is extreme to say the least...
See Chart:
Wealth
share of the top 10% of individual at world level
According
to Pew Research's latest survey, when asked about the impact of
billionaires on the country, nearly
four-in-ten adults under age 30 (39%) say the fact that some have fortunes of a
billion dollars or more is a bad thing...
See Chart:
Young adult liberal Dems are likely to say
Billonaires’re ‘bad thing’ for the US
with
50% of young Democrats saying:
See Chart:
Half of under -30 Dems saying billonaries are
bad for the country
Finally,
one quick question - where were all these under-30s when Bernie needed
them the most in the Primaries?
….
[ With counting of votes in new
states + recounting votes in CA we know
that Sanders is leading the process although there was FRAUD AGAINST HIM. In FACT: THE WHOLE PROCESS was fraudulent since
we allow billonares Corp & figures like Bloomberg to FINANCE parties & buy
votes. Now Biden is in trouble because Sanders is gona run as
independent candidate. Bye Bye duopoly-mafia system
in American Elections ]
….
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Is US a huge PRISON? Inside
cities people can’t move b-cause virus in means of transpor
Will Trump & Pence announce INTER-STATE TRAVEL BAN?
====
Between Google & Trump many
PEOPLE would TRUST
GOOGLE.. NOT TRUMP
"Watch for their apology, it won’t happen."
….
Many people
QT: when Trump is gona cut internet.. when happens WW3
is on
====
For the rich the CV is scam
designed to cover U-NATO WW3 plan Agst RU. The rich don’t trust Trump, PENTA
nor NATO. They mock on them & it stand to reason.
"It’s a terror of starving to death is what it looks
like."
….
RELATED
from yesterday report:
Said the PENTA and NATO officials
“Defender Europe 2020” – 40,000 participants from 17 NATO countries (and Georgia).. [ they are ready to initiate WW3.. that is
the true ]
….
SO, When Sanders start leading
the counting of votes recently.. they come with the story-tell that we have to
cancel elections because of Corona Virus. This
pandemic is used to cover US-NATO attack on RU. Since Trump-Penta afraid of
immediate RU retaliation they are canceling Sports, schools, etc. Read the article above COVIT-19
& NATO’ WW3 walk hand on hand. Or the original Doct 'DEFENDER
EUROPE 2020' CANNOT BE CANCELLED DUE TO COVID-19
====
The Fed has a very big problem on its hands.
Something is very wrong by simply waiting an additional three days
until the March 18 FOMC, but that it can do nothing more to fix the underlying
problem...
See Chart:
Emini
S&P Futures
In short, with the ES plunging
limit down, this has been an absolutely catastrophic response to the Fed's
bazooka; expect negative interest rates across the curve momentarily.
As FX strategist Viraj Patel
puts it, "the Fed has thrown a kitchen sink of policy measures that should
in theory weaken the US dollar. Problem is the global
backdrop due to Covid-19 isn't conducive to putting money to work in other
countries/FX. Fed making US risky assets relatively more attractive may support
$USD"
See Charts: Twit
….
SOURCE: https://www.zerohedge.com/markets/houston-we-have-big-problem-futures-crude-tumble-open-gold-soars
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De Blasio also said the city now has
329 cases and 5 deaths from the virus, after reporting the city's first death
yesterday...
====
Hypocrisy:
Big Corp, billonaires & Banks buying election not only hit Sanders, Ilham
too
"Payments to the firm in the
2019-2020 cycle for Omar’s reelection campaign comprised 40 percent of total campaign expenses..."
….
When Sanders start winning the vote counting .. they start
cancelling election
====
Idiocies in time of crisis:
Cuomo propose to infest US with Military to cope with C-virus
"We
believe the use of active duty Army Corps personnel would not violate federal
law because this is a national disaster. Doing so still won’t provide enough
intensive care beds, but it is our best hope." [ Best hope or worse stupidity ]
====
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
The decision to go-ahead with NATO’s biggest-ever war games in
Europe at a time of heightened fears over the coronavirus sure raises
questions about the military alliance’s stated purpose of maintaining
security...
NATO secretary-general
Jens Stoltenberg has said the Defender-Europe 20 exercises will not be cancelled
due to the flu-like disease which has now spread to
every country in the European Union causing hundreds of deaths so far.
See Chart:
What is “Defender Europe 20?”
In all, 37,000 troops are
involved in the Defender-Europe 20 war games, the biggest
contingency since the end of the Cold War nearly three decades ago. The U.S. is sending 20,000 personnel. Most of those
troops will return to bases located in at least 20
American states. Thus, the risk factor of spreading the disease across
Europe and the U.S. is significantly increased by the
NATO events.
….
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...the beginning of the real political balkanization that’s
coming to the European Union over the next few years.
====
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
RT EN ESPAÑOL
Arg Presid
cierra fronteras, y suspende eventos públicos y clases para frenar el covid-19 https://actualidad.rt.com/actualidad/346217-argentina-anunciar-medidas-combatir-propagacion-covid-19
Maduro
declara una cuarentena colectiva en siete estados de Ven https://actualidad.rt.com/actualidad/346223-maduro-declara-cuarentena-colectiva-siete-estados
Chile: Vizcarra
declara estado de emergencia nacional y cierre de fronteras de Perú por el CV https://actualidad.rt.com/actualidad/346233-martin-vizcarra-declara-emergencia-nacional-peru
US: Fed reduce tasas de interés a cero en
respuesta a la pandemia de coronavirus https://actualidad.rt.com/actualidad/346221-fed-reducir-tasas-interes-cero-coronavirus
Crecen
casos de tos y fiebre pero no es gripal: ¿se está pasando por alto el covid-19
en US? https://actualidad.rt.com/actualidad/346193-crecer-tos-fiebre-gripa-eeuu-coronavirus-pasar-desapercibido
El
científico que el 2015 advirtió sobre el nuevo coronavirus busca cura y evalúa
actual brote https://actualidad.rt.com/actualidad/346202-cientifico-coronavirus-buscar-cura-evaluar-brote
El UK aislará
obligatoriamente a todos los mayores de 70 años un máximo de 4 meses https://actualidad.rt.com/actualidad/346171-reino-unido-aislar-obligatoriamente-mayores-70-anos
Candidato a
la Presidencia de Bolivia por el MAS, Luis Arce, lidera en intención de voto https://actualidad.rt.com/video/346235-luis-arce-lidera-intencion-voto-bolivia-encuesta
Joe Biden y
Bernie Sanders debatirán sin espectadores en el US https://actualidad.rt.com/video/346204-joe-biden-bernie-sanders-debatir
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
Destruction
of Basic Health Care Worldwide& US Sanctions Lead to Global Rise in
Coronavirus By Sara Flounders,
===
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