ND MAR 6
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
There will be blood!
The global
equity market cap collapsed by a record $9tn - or two-thirds of China's GDP -
in 9 days, while global; sovereign 10-year
bond yields crashed below 1.00% for the first time ever...
See Chart:
Even the veteran-ist of veteran traders were shocked by this
week's moves...
“Panic moved up a few notches from already
extremely high levels,” said one trader today,
"I thought last Friday was the blow off
top and then a few times this week before today but now its beyond
belief,” he
said, noting the rally in 30-yr to all- time lows.
The flip from Extreme-est Greed to
Extreme-est Fear was unprecedented..
See Chart:
Fear & Greed Index
But the real shock was from Federal Reserve Bank of St.
Louis President James Bullard, who admitted central banks are losing their
credibility rapidly: "Many central banks have consistently missed their
stated inflation targets to the low side for many years... Critically, the
central bank has to be able to actually deliver the required." Which
means...
"Credibility of central banks, instead of
improving over time based on the achievement of stated goals, seems to be
eroding instead."
That's quite an admission but 100% correct and this week's carnage after an emergency 50bps rate-cut did
nothing to calm fears is a perfect example...
See Chart:
FED Emergency 50bps Cut
And despite a huge resurgence in the
Fed's balance sheet, stocks were not playing along at all...
See Chart:
FED Balance Sheet with S&P down
Today was quite a day across every asset class. We gathered
some of the most shocking market move headlines of the day for some
perspective:
- GLOBAL CONFIRMED CORONAVIRUS CASES SURPASS 100,000
- EUROPE DEBT RISK GAUGE EXTENDS RISE TO HIGHEST SINCE JUNE 2016
- GERMANY'S 10-YEAR BOND YIELD FALLS TO RECORD LOW
- GERMANY'S 30-YEAR BOND YIELDS FALL TO ALL-TIME LOW
- EUROPE SENIOR FINANCIAL DEBT-RISK JUMPS MOST SINCE 2018
- JPMORGAN EMBIG DIVERSIFIED SOVEREIGN SPREAD RISES ABOVE 400 BPS
- EMERGING-MARKET USD SOV.-BOND PREMIUM JUMPS MOST SINCE 2011
- U.S. TREASURY 5-YEAR YIELD FALLS BELOW 0.50%
- U.S. 30-YEAR YIELD FELL AS MUCH AS 30BP ON INTRADAY BASIS
- U.S. 30-YEAR YIELD SET FOR BIGGEST ONE-DAY DROP SINCE 2009
- U.S. CREDIT MARKET FEAR GAUGE SURGES MOST SINCE AT LEAST 2011
- VIX'S 3-WEEK CHANGE IS BIGGEST EVER - BIGGER THAN LEHMAN
- WTI CRUDE FUTURES DOWN 10.% - BIGGEST FALL SINCE 2014
FOR SOME CONTEXT - the recent bond market collapse has never,
ever happened before...
If you can tell from my tone, this troubles me, so I went
back and looked into this, we have never had a 50%
change in 10y yield levels in either direction over a 2-wk window. We
have had larger rallies (yup in 4Q08) but nothing comes
close to cutting rates in half this fast...
See Chart:
And as The Fed cut rates, the 30Y
Yield chased it down, along with the rest of the curve...
See Chart:
As Nomura's Charlie McElligott
details, panic moves in US Rates
as Duration / Convexity goes “offer-less,” with 10Y yields
hitting a fresh record low of 0.6932%, multiple “limit-UP” halts in UST Ultra
bond futures and 30Y UST yields crashing down -22bps at the extremes (5s30s was
flatter by -14bps at one point) in an investor climate that is fixated on “imminent global recession” via
pandemic “lock-down”-NYT piece stating that
over 2700 people have quarantined themselves in New York City, while new
cases in S Korea frighteningly re-accelerate
This obviously has the look of a Rates
“convexity-event” (forced hedging / buying at the highs from
mortgage investors, insurance companies and those who are “short options”—i.e.
all the Vol dealer desks selling low-strike receivers for the past few years,
or the market makers short those 350k ED$ “Par Calls” for Jun expiry!)...
...but this is also a simple
function of OIS markets now pricing-in a full ADDITIONAL 50bps rate cut on
March 18th from the Fed already, as
well as the obvious dynamic where “Rates are your everything hedge” from
cross-asset investors (i.e. Equity L/S investors buying ED$ upside).
See Chart:
FED Rate-change Price-in for March.. 50bps Cut
Today was also the biggest single-day jump in the Ultra Bond Future ever...which prompted fears of a major macro fund blowing
up.
See Chart:
Ultra Long Bond Future 1-day Change
China is still massively
outperforming US and Europe since the start of the Covid-19 crisis...
See Chart:
Today's US equity market carnage
sent all the majors into the red for the week, but the last 30 minutes saw the
machines work ultra-hard to get the Dow, S&P, and Nasdaq green...
See Chart:
Somebody do something!
See Chart:
So are we due for a bounce now?
See Chart:
Nasdaq Current vs. Nasdaq Y2K
US Banks have now crashed over 27%
from their early Jan highs...
See Chart:
S&P Banks Index
= Trump elected down [Cayo en su propia
trampa?]
The biggest US banks have been
bloodbath'd...
See Chart:
But, more worryingly, Global
Systemically Important Banks stocks have crashed to their lowest since 2016...
See Chart:
Global Sistematically Important Banks downs = [Neoliber Econ arrived to its end]
While energy stocks were already
getting clubbed like baby seals, the last two weeks have seen them collapse 22%.[
time to trash fosil-fuel energy &
move t electric cars ]
See Chart:
S&P Energy Sector [ down ]
VIX topped 54 intraday for the first
time since 2009...[ but this one will kill a system]
See Chart:
Tree weeks absolute change in
VIX [ and the worse is coming
soon ]
See Chart:
The VIX term structure is in massive backwardation...
See Chart:
The VIX Term structure hasn't been
this inverted since Lehman...
See Chart:
Credit markets were a bloodbath this
week, with both HY and IG blowing out in US and EU...
See Chart:
US Treasury yields collapse this
week was nothing short of stunning with the entire curve down 40-50bps!!
See Chart:
UST 10Y Yields crashed to a stunning
65bps overnight...
See Chart:
The yield curve flattened
drastically,,,
See Chart:
The Dollar Index fell for the 2nd
straight week (down 6 of the last 7 weeks)...
See Chart:
The dollar has been gaining against
the rest of its fiat peers, but crashing relative to hard money...
See Chart:
Finally, there's this...
STORES ARE OUT OF STOCK…
HOW TO SOLVE THIS RECESSION?
Hugo Adan Friday March 6, 2020
Based on:
The SOLUTION:
CONFISCATION of GOLD
Franklin Delano Roosevelt :
FDR did’ it:
HE CONFISCATE all GOLD from
BILLONAIRES on April 5-33
READ THIS DECREE:
The Democrat FDR got a strong base for USD by confiscating
billonaires
Can we do it again?
OF COURSE WE CAN
ALL THAT NEED IS a SOCIALIST REGIME
THAT IS WHY WE NEED TO SUPPORT
BERNIE SANDERS for PRESIDENT
AND ELIZABETH WARREN as VP
VENCEREMOS!!
WE WILL WIN!!
Sing it strong in Streets
….
----
----
BRIEF NEWS ON ECONOMICS:
====
"...mortgage rates are lower than I thought we'd ever see..."
====
There are many different ways that COVID-19 is going to affect the
world. To quote the CDC “The disruption
of daily life might be severe.”
====
"wanna
say they were the 4th largest market maker in chicago"
====
====
USD GOT CV: FEDERAL
RESERVE TO QUARANTINE DOLLARS FROM ASIA ON COVID-19 TRANSMISSION CONCERNS Not only got CV .. also xenophobia
"precautionary measure" to limit the transmission of the virus in the US.
====
====
====
====
====
====
"WE
HAVE NEVER SEEN THIS BEFORE": THE LAST TIME THE MARKET DID THIS, FDR
CONFISCATED ALL THE GOLD I was wrong
I thought Hoover still Pres in april-33
====
POMPEO
BLAMES CHINA FOR US OUTBREAK PENTA LABS in China? +pillos que pompe
====
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"Two accused sexual
predators should not be deciding whether or not women have access
to healthcare in this
country."
====
"Theft
of government property, wire fraud, aggravated identity theft, and conspiracy
to defraud the United States."
====
El virus que nacio en labs del PENTA muta contra
ellos. Ni los virus los aman
====
El
hijastro de Bloomberd esta enfermito..su dinero no sirvió para nada
====
CV used as war-weapon against IRAN .. even d title of Art
below express such mood
Right title should be:
US
Hawks Pressuring White House To Halt 'Humanitarian' Medicine To Iran Amid
Outbreak NOT: Iran
Hawks Pressuring White House To Halt 'Humanitarian' Med…
Influential pressure group tied to Saudis, John Bolton & the
Israeli lobby trying to ensure no
medical aid gets in as Covid-19 death toll mounts...
....
This level of inhumanity will of
course be rejected by international community & rational-honest Americans.
We are not a Nation of monstrous; billionaires and rulers are.. That is why we gona take
them out of power either peacefully or via Revolution. There will be blood if
they insist in fraud to block
socialists.
====
When the
economy contracts, or deflation looms, I wouldn’t be surprised if central banks
either hand out cash financed
by new money creation (helicopter money) or
directly devalue their currencies against gold as they
did in the 1930s.
….
“To Boost” means ‘intentionally’ or
‘directly devaluating ‘ our currency against gold. That is not real assumption
.. Why?.. 1st
because our currency is not base on gold
since 1971. 2nd Because the price of gold
follows the market law of “offert” vs “demand.
If the demand goes up, the owners of gold rise the price up.. and the
ones who benefit from this trade are the sellers of gold. RU now is selling gold as never before. 3rd. In 1930’ recession there was not such devaluation of USD against gold.
FDR (the best Presid of US) didn’t do
so and he ruled the worse time of
depression: 1933 to 1945. At that time there was a high demand for gold, the
price of gold was up & our USD became strong (US financed
the reconstruction of the world after WW3).
Since we have gold now, the best we can do is restore the gold-base for our USD.
====
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
"This migratory pressure is organized," French FM Le Drian
said, "It is organized by President Erdogan's regime as a form of blackmail against the European
Union."
====
Erdogan is also about to
discover that there has been a hardening of attitudes among European leadersabout
dealing with unwanted migrantssince the
Turkish leader last used his blackmail tactics five years ago...
====
"The
global scale and speed of the current educational disruption is unparalleled
and, if prolonged, could threaten the right to education."
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
----
----
NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
====
ALAI ORG
====
RT EN
ESPAÑOL
CV impacto en la economía global? Tres economistas
explican POSIBLES escenarios https://actualidad.rt.com/actualidad/345171-impactar-coronavirus-economia-escenarios
Tráfico sexual y vidas rotas en la lujosa Miami https://actualidad.rt.com/programas/rt_reporta/345134-miami-sexo-mentiras-vidas-rotas-reporta
Idlib: ¿Pacto de
esperanza? https://actualidad.rt.com/programas/zoom/345190-idlib-pacto-esperanza-zoom
HAY 1 AVISO VERDE QUE NO DEJA TRABAJAR SI SIGUE CANCELARE ESTA FUENTE
----
----
COUNTER PUNCH
Analysis on US Politics & Geopolitics
Rob Urie The
Neoliberal Plague
Paul Street They
Rule: No Easter Bernie
Chris Busby Cancer
in US Navy Nuclear Powered Ships
Matthew S The
Super Tuesday Sting
Kathleen Wallace Super
Tuesday?
Bruce Hartford CRISES 4
John Peeler The
Democrats’ Durable Dichotomy
----
----
GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
----
----
DEMOCRACY NOW
Amy Goodman’ team
----
===
No hay comentarios:
Publicar un comentario