ND
MAR 19 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
WHATEVER THE FED IS DOING :"IT'S NOT
WORKING!"
Global stock and bond markets have seen $25 trillion
of 'paper' wealth erased in the last month, wiping out all the gains from the
Dec 2018 crash lows....
See Chart:
Global bonds are actually still
up around $5 trillion while global stocks have lost around $5 trillion since
the Dec 2018 lows, and a lot of those losses come from
the US markets where the median
stock is now down 50% from its highs...(because the Value Line index below is based on a geometric average
the daily change is closest to the median stock price change)
See Chart:
Value
Line Geometric Composite Index ‘Median’ stock index (-50% in 2019)
As
Washington signs and promises more and more bailouts and helicopter money
drops, USA sovereign risk is starting to get a little spooked...
See Chart:
USA
Sovereign 5 Y CDS
Systemic
risk remains extremely elevated...
See Chart:
Implied
S&P Correlation ‘Systemic Risk Indicator’
Which
makes sense when the world's largest banks are seeing their credit risk explode
like it did ahead of the Lehman crisis...
See Chart:
And
despite the endless liquidity from global central banks and polititicians,
financial conditions are tightening at their fastest rate ever...
See Chart:
US
Financial Conditions: Easier vs. Tighter
And the
real 'fear' trade is now at its most extreme since the peak of the Lehman
crisis...
See Chart:
Covit
-19 Fear Trade: ‘Long Foot,
Short Leissure’
B-Dollar
Index: Policy Fail - The
Dollar rallied for the 8th straight day, soaring to a new record high despite
The Fed opening unlimited FX Swap Lines...
See Chart:
This is
the largest 8-day rally in the DXY Dollar Index... ever! Greater even than when
Soros broke The Bank of England in Sept 1992...
See Chart:
8 dy
Change in DXY DOLLAR INDEX vs. Black
Wednesday Sept 1992
But The
Fed will "never give in"...
Since
the COVID-19 Malrarkey began, Chinese stocks remain the leaders (down only
12%), while Europe is the laggard...
See Chart:
US
equity markets soared today (thanks to the biggest short-squeeze in 7 years),
but failed to erase yesterday's gains... (NOTE Nasdaq just tagged unch from
Tuesday and then rolled over - algo-tom-foolery)..
On the week, it's still a
shit-show with The Dow worst, down 13%...
Today
saw "Most Shorted" stocks soar 8% - the biggest short-squeeze since August 2013...
See Chart:
“Most
Shorted” Stocks
VIX
fell notably today, testing below 70 ahead of tomorrow's Quad-Witch option
expiry...
See Chart:
Meanwhile,
Boeing credit risk continues to soar (as questions rise about whether they
should be bailed out or not)...
And Ford suspended its dividend
and withdrew its guidance sending its credit risk soaring...
Credit
markets were not buying what stocks were selling today...
See Chart:
Treasury yields were mixed with
the long-end higher and rest of the modestly lower (despite a huge range)...
(10Y yields briefly dipped below 1.00% today)
UST 30y
Yield Another late-day purge in yields pushed 30Y to end higher on the day...
See Chart:
Munis-Bond were massacred today - 10Y yield spiking
47bps!! (MUNI-BOND
OUTFLOW ALMOST THREE TIMES PREVIOUS RECORD)
See Chart:
Muni 10
Y Yield
EUR-USD tumbled
today to 3 year lows today in biggest loss since Jan 2001 (bigger than Jun 2016
Brexit vote loss)
See Chart:
EUR-USD
Today's
commodity markets were dominate by oil's biggest rally ever...however, given
the carnage in crude, WTI is still down 20% on the week...
See Chart:
Oil and
the dollar both rallied together late on...
See Chart:
World
Trade Index Crude vs. Dollar index (inv)
Finally,
as Bloomberg notes, anyone
referring to the past month’s plunge in U.S. stocks as a crash has history on
their side. The
S&P 500 Index’s volatility for the 10 trading days ended
Wednesday was 122%, according to data compiled by Bloomberg.
See Chart:
Only two periods have
produced higher readings: the aftermath of
the 1929 Black Tuesday crash and the 1987 Black Monday crash. The
volatility gauge climbed more than 17-fold from Feb. 19, when the S&P 500’s
latest bull market ended, through Wednesday.
The
FRA-OIS spread spiked once again today signaling major tensions in the
liquidity markets remain...
See Chart:
3m
FRA-OIS SPREAD
And
global basis swaps spiked again (led by JPY) as the dollar shortage worsened
today...
See Chart:
Global
Basis Swap vs. Dollar shortage
In other words - WHATEVER THE FED IS DOING -
"IT'S NOT WORKING!"
….
SOURCE: https://www.zerohedge.com/markets/median-us-stock-now-down-50-its-highs-world-loses-25-trillion-mont
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Given the
potential harm caused by the divergence
between stimulus and economic fundamentals, it would be short-sighted
and irresponsibly pragmatic to
count out the prospect of inflation...
See Chart:
US
Budget deficit and Unemployment
The springboard for that scenario was a pragmatic policy
designed to solve an immediate problem with no regard for the future. Monetary policy that suppressed interest rates
and fiscal policy that took advantage of artificially low interest rates to
accumulate debt at a relatively low cost went against the American public best
interests. The public could not conceive that
government “of, by and for the people” would act in such a short-sighted and
self-serving manner.
See Chart:
US
Treasury 10Y Yield
See more charts at:
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The aggressive selling has added to
market volatility as bids continue to back up as natural buyers disappear.
See Charts:
Fig 2: The
S&P500 is stuck in a negative feedback loop: lead to aggressive selling
Fig 3: CTAs
has been aggressively buying treasuries even if Yield = Zero
Needless to say, volatility across asset classes remains elevated as a
result of the sharp virus-driven moves, albeit from a very low base. We fully expect market volatility to remain elevated in this
environment and as systematic market flows shift into and out of asset classes.
CTA funds as investors became
disillusioned with the strategy after years of poor performance, a fact we highlighted in an earlier note “CTA
and Managed Futures primer”.
See Chart:
….
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The deleveraging process currently under way by top-down
investors such as global macro hedge funds and risk-parity funds is having an
impact on bottom-up strategies, and is thus spawning a vicious cycle of further portfolio adjustments.
This
increase in cross-asset correlation introduces two problems. The first is adecline in portfolio diversification effects. Specifically, as the volatility
of each asset class increases, as is the case at present, balanced funds and
risk-parity funds get pushed into gamma short strategies because of decreased
leverage and increased proxy hedging stemming from a growing amount of
portfolio risk. This kind of gamma short operation tends to exacerbate
transactions in one direction.
See
Charts:
The
second is a tendency for the interdependency of individual investment
strategies to rise. For example, hedge fund strategies that were
originally independent have begun to exhibit greater linkage.
See
Chart
Specifically, the performance of top-down strategies
by CTAs, global macro hedge funds, and risk-parity funds has tended to worsen
when cross-asset correlation is high.
In
other words, the deleveraging process
currently under way by top-down investors such as global macro hedge funds and
risk-parity funds is having an impact on bottom-up strategies, and we think
portfolio adjustments at hedge funds on the whole are thus spawning a vicious
cycle of further portfolio adjustments.
See Charts:
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
Investors don’t trust Trump:
IT WAS ANOTHER BOMBASTIC PRESS CONFERENCE
….
That was their
CONCLUSSION
====
Another distrust on Trump.. [also simulated by manipulation of the title-art ]
"What’s
happening has not happened in our
lifetime before.
What we
have is acrisis..."
….
Trump is loosing and
loosing votes for 2020 election. I don’t
think he can win Sanders If he run as Indep-candid with a party-front
with socialist & Progresiv
====
Unfortunately,
some of our politicians
are
apparently thinking about the
unthinkable...
….
That title
pre-assumes the attack of US-Penta-NATO (40,000 soldiers already displayed) as soon as
the vaccine for CV is finally reached (I guess China already got it) and the
US-Germany are close to get it. BUT the CV can still infect most of our soldiers.. and with seek soldiers there is NO
chance of victory in WW3. World War 3 is the
only valid assumption to restrict Civil Liberties beyond the levels we have
today (Trump got control of main big Media). Since there is not other
valid argument for the cut.. neither WW3 nor Civil Lib-Cut
will happen. IF WW3 happens, MAD will
prevail & huge world attack to US Embassies & US Companies will happen,
inside US the Econ & Polit chaos will be also huge.
====
"The
shortage of dollar liquidity is not because banks are afraid of each other, BUT BECAUSE THEY ARE WORRIED ABOUT THEIR
CLIENTS."
….
That is true.. during
the Mexican crisis (3-4 decades ago) lo
1ro que el pueblo hambriento asalto fueron los Bancos y cuando no pudieron
entrar los quemarom con molotov.. aquí en el US también podría ocurrir lo mismo
y peor porque el pueblo está mejor armado. Desarmarlos es imposible, it will be sign of internal war. In crisis period: everybody
will need arms to defend their life.
====
“Everybody has lost their minds...”
LISTEN HIS VIDEO AT:
====
Sven Henrich said The structural bull market did not end in
2020. No Sir, it ended in the fall of 2018 and I can prove it. Nice charts & comments. Open it
====
"We have community
acquired transmission in 23 counties..."
….
The most DEM the
STATE… the least protected by the FED: Nasty trumpism?
====
Helicopter money has become an assumption at this point; however, the ability of businesses
to stay viable during the shutdown is even more relevant...
====
..this is not the time to be questioning
anything the corporate media and the authorities tell us. This is a
time to pull together, turn our
minds off, and follow orders
====
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 CAN START WW3. AQUI PUEDE EMPEZAR EL WW3
"We
have a lot of power over the situation. We are trying to find some kind of a
medium ground," Trump
said.
....
RELATED:
"We will not be
bullied..."
====
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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
====
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ALAI ORG
====
RT EN ESPAÑOL
Más de
2.200 casos y 22 fallecidos: el CV, presente en toda América Latina y el Caribe https://actualidad.rt.com/actualidad/346784-cifras-coronavirus-america-latina-excepto-haiti
Bank of
America asegura que la recesión ya ha llegado a EE.UU. https://actualidad.rt.com/actualidad/346748-bank-america-recesion-eeuu
Hubei,
epicentro del coronavirus, celebra su segundo día libre de contagios https://actualidad.rt.com/actualidad/346856-hubei-segundo-dia-sin-nuevos-casos
Ministerio
ruso de Salud: La incidencia de coronavirus puede volverse estacional https://actualidad.rt.com/actualidad/346818-incidencia-coronavirus-puede-volverse-estacional
Venezuela
activa puente aéreo permanente con China
para combatir el coronavirus https://actualidad.rt.com/actualidad/346793-venezuela-anuncia-puente-aereo-china-coronavirus
El coronavirus
según los presidentes latinoamericanos https://actualidad.rt.com/actualidad/346750-tratamiento-coronavirus-presidentes-america-latina
Los casos
de coronavirus en EE.UU. superan los 10.000, el doble en sólo dos días https://actualidad.rt.com/actualidad/346777-coronavirus-eeuu-superan-doble-dos-dias
El
coronavirus afecta a la vida política de América Latina https://actualidad.rt.com/video/346849-coronavirus-afecta-vida-politica-america-latina
Cuba ayuda
a otros países a frenar el covid-19 con el envío de brigadas médicas https://actualidad.rt.com/video/346753-cuba-ayuda-paises-frenar-coronavirus-medicos
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INFORMATION
CLEARING HOUSE
Deep on the US political
crisis: neofascism & internal conflicts that favor WW3
Dark vision for US-China conflict makes war
more likely By Bonnie Kristian
All Truth
Has Three Stages Must Read - By Larry Romanoff
CV: They Knew, And Didn’t
Tell Us By Rod Dreher
GOP Unloaded
Personal Stocks Before CV Smashed Markets By Julia
Conley
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
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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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