ND MAR
29 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
"Nearly 50 US companies have suspended existing share repurchase
authorizations in the past two weeks, representing $190 billion of buybacks or
nearly 25% of the 2019 total."
According to Goldman's Buyback Desk, "nearly 50 US companies have
suspended existing share repurchase authorizations in the past two weeks,
representing $190 billion of buybacks or nearly 25% of the 2019 total."
And, since buybacks have represented the single largest source of US equity demand in each of the last several
years...
See Chart:
Cumulative US equity demand by
source
According to Goldman, with corporate
fundamentals deteriorating, share repurchases are likely to be reduced this
year, providing less support to equity demand:
See Chart:
S&P 500 Buybacks YoY and earning
YoY
IN SHORT: the buyback bonanza is
over for the foreseeable future.
….
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SHORT NEWS ON ECONOMICS
After plunging into Friday's close, US equity
futures markets are extending losses at the open after President Trump
extended the virus guidelines (lockdown) until April 30th...
Then after President Trump extended the
virus guidelines (lockdown) until April 30th.
Dow futures have erased most of Thursday's surge
gains...
But oil was the big mover as WTI plunged as
much as 7.5% to a $19 handle...
That is the lowest since early 2002...
Russia also doubled down, with Deputy
Energy Minister Pavel Sorokin saying oil at $25 a barrel is
unpleasant, but not a catastrophe for Moscow.
Bonds are bid...
And gold is rallying modestly
We're gonna need more Fed largesse
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"The
priority of the CFTC is not to prop up an ailing sector. It’s to ensure that
the market is protected from risks."
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CORRUPTION is worse than COVIT-19
ON:
The Hedge Fund Myth..
At:
by Tyler
Durden Sun, 03/29/2020
Perhaps the
time has come to rename "hedge funds"
to
"bailed out funds"?
In effect, the Fed was bailing out not one but dozens of
LTCM-like funds which had all ended up on the wrong side of an extremely
popular basis trade, but a handful of funds were exposed the most. To
wit, as we explained last
December, "hedge funds such as Millennium, Citadel and Point 72
are not only active in the repo market, they are also the most heavily
leveraged multi-strat funds in the world, taking
something like $20-$30 billion in net AUM and levering it up to $200
billion. They achieve said
leverage using repo." See chart
And then came the Fed's bailout of
everything, including billionaire hedge fund managers, as it unleashed an unprecedented series of actions to inject
liquidity into markets coupled with Congress’s promise of a $2 trillion
economic stimulus package. That combination boosted markets this week -
at least temporarily. U.S. stocks had their best
three-day run since the 1930s before falling again on Friday.
This existential shock was the
greatest fiscal and monetary bazooka. Fund
manager Paul Tudor Jones said in an interview on
Thursday with CNBC. “It’s
not even a bazooka -- it’s more like a nuclear bomb." [This is corruption top level ]
In the meantime, as part of its
nationalization of capital markets, by Friday the Fed
had bought $1 trillion worth of
Treasuries and mortgage-backed securities since the launch of "QE-Unlimited", the same amount they bought over eight months during the
global financial crisis. See
Chart:
The biggest beneficiary of all
this?
Not the
economy or the middle class, but
the trio of hedge funds which has shown in the chart above. They have
regulatory assets of roughly half a trillion dollars among them, and
which managed to quietly offload position that could have otherwise forced
their liquidation, a la LTCM.
Continue reading at:
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"The
US could begin to push for a coordinated FX response with DXY above 104 and
EUR/USD below 1.05."
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
We've got a
serious problem in New York and we've got a serious problem in New
Orleans."
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Corruption in the
top?
Trump’s campaign argued that the hoax claim in the ad is false
and issued a “cease and desist” order.
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It’s clear that the Keynesians at the Fed and the U.S.
Treasury Dept. have no answers to
the problems in front of them...
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"When
they don't want the president of the United States to have a voice...you're not
talking about Democracy any longer."
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"The way that it wreaks
havoc in the body is almost flying in the face of everything that
we know."
====
Just as the FDA waived its COVID-19 testing regs
(after weeks of delay), it should
waive its surgical mask/respirator regulations for the duration...
Because they are regulated medical devices
& new versions require FDA approval which can take months to obtain.
But because most people are unaware that masks/respirators are considered
medical devices and just how onerous the applicable rules are, it leaves people
thinking that the PPE crisis is a market failure, when it is anything but…
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...be prepared for
anything from more stringent lockdowns, supply
chain interruptions, and potentially even civil unrest in some
areas as the situation drags on...
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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
Wow, can’t
even utter "Taiwan" in the WHO?
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"This is a once-in-a-generation type
of event."
Thia went
from bad to an outright disaster earlier
this week when Goldman, Vitol, and the IEA all raised their estimate
for daily oil oversupply to an unthinkable 20 million barrels per day, as
a result of the collapse in oil demand as the global economy grinds to a halt
coupled with Saudi Arabia's determination to put all of
its higher-cost OPEC peers out of business.
Bloomberg explains the situation
succinctly: " when crude supplies overflow storage tanks and pipelines as the
coronavirus pandemic drags down oil demand by the most in history."
West Texas Intermediate crude in
the heart of the Permian shale region plunged to $13.01
a barrel, the lowest since 1999. Meanwhile, West Canada oil is just $5 away from turning negative. See Oil Price:
"The
world is producing 20 million barrels of oil too much every day", or said
otherwise there is no demand for roughly 20% of global output every single day.
At this rate, how long before all the storage in Cushing, ARA and China
is overflowing and every single tanker in the world is full?
And what happens to the oil price
then? One thing is certain - there will be blood.
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Civilian
injuries reported after one of the largest assaults on Saudi Arabia since the
start of the war.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
- Trump Extends Social Distancing Guidance to
30 April, Says Peak Deaths Likely to Hit US in Two Weeks
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
VIENTO SUR
CV: Capitalismo
y fin de la normalidad Jaime Pastor
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
Lockdown Lunacy By Hadas Magen and
Globes,
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