ND
MAR 8 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
Update (2020ET): And
there it is: for the first time since the financial crisis, the emini S&P
future has hit the limit down band of -5%, something it failed to do even
during the May 2010 flash crash.
SEE chart:
Emini
S&P Futures
This means that no more trade
are allowed below the limit down level until the market opens at 9:30 am ET
(assuming it opens of course). Trades higher are still permitted, naturally, however
that will probably not be a great comfort to all those who are
rushing to liquidate with reckless abandon. But
fear not: with the S&P now down more than 17% from its all-time highs
just two weeks earlier, and just shy of a bear market, those who want to
sell will have ample opportunity to do so in the days ahead.
See Chart:
Following what may have been
the most drama-filled weekend since "Lehman Sunday", in which we saw
not only another major spike in covid cases around Europe and the US, but also
the total collapse of OPEC after Saudi Arabia unilaterally decided to flood the
market with deeply discounted oil in a desperate attempt to crush the
competition (yet which may backfire and soon lead to riots in Riyadh), markets
are reacting appropriately and just like during Lehman Sunday, EVERYTHING IS CRASHING:
- S&P emini futures are down more than 4% in early trading, plunging as low as 2,845 and fast approaching their limit down price of 2,819 as investors around the world puke risk in an unprecedented fashion.
See Chart:
- Dow futures are down more than 1,000 points unwinding all of Friday's remarkable late-day rally and then some...
- VIX futures are up 16%, so one can only imagine where spot will be soon.
- With everyone rushing into safety, rates are soaring and the Ultra bond future is already up a gargantuan 7 to 232-16 in a squeeze that will surely lead to the failure of more than one macro fund still short the long-end, while the 10Y yield is on pace to hit a record all time low of 0.50%, one which screams recession.
See Chart:
- Naturally, the oil complex is imploding, with WTI down 27% to $30...
See Chart:
W T I
- ... while Brent has dropped as much as 31%, to just $33 in early Sunday trading in what Bloomberg dubbed "one of the most dramatic bouts of selling ever"...
See Chart:
BRENT
... and
indeed, today's move is the biggest one-day drop in Brent on record
See Chart: Biggest one day drop
in History
BRENT
CRUDE
... in line with Goldman's
shocking price target cut, which now expected Brent dropping into the $20s.
FX, as discussed earlier, is in
freefall, with carry trades getting unwound, while commodity pairs are getting
anihilated:
- NORWEGIAN KRONE FALLS TO LOWEST SINCE AT LEAST 1985 VS DOLLAR
- FALLS EXTEND IN CANADIAN DOLLAR, NORWEGIAN KRONE, MEXICAN PESO
Finally, gold, also known to
certain WSJ "experts" as a pet rock, it just
spiked above $1,700 for the first time since 2012.
See Chart:
GOLD
What
happens now? Well, earlier today Morgan Stanley said
that to stabilize markets, the Fed would need to announce not only a rate
cut but also resume official QE...
We believe equity markets
will struggle until policy-makers get back ahead of the curve with more interest
rate cuts and an extension of the current balance sheet expansion and/or an
official quantitative easing program – something we think is likely coming
... and with spot VIX likely
set to trip 60 or more, the Fed will need to do something or risk another Great
Depression, although how sending nominal bond yields into negative territory
across the board will help markets remains to be seen. Maybe the Fed's time has
finally run out?
Or maybe Trump - who provoked
the market gods one too many times with his relentless stock market boasts as
stocks hit artificial high after artificial high - actually has something up
his sleeve, because moments after futures opened, he tweeted a rather
cryptic "nothing
can stop what's coming."
TRUMP: Who knows what this means, but it sounds good to me! https://twitter.com/danscavino/status/1236519422917062656 …
My next piece is called:
NOTHING CAN STOP WHAT IS COMING
We'll see about that: One thing is certain: markets and traders will be closely
watching and waiting everything that is coming, after more than a decade of
Fed-inspired complacency, as price discovery finally returns with a bang.
….
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I always thought the cyclical bear
market that began in 2018 had unfinished business once the liquidity surge
ended. COVID-19 provided the spark for its completion, which means pricing in a
greater likelihood of US recession.
Almost two years ago, we
published a report titled THE
GREAT CYCLE DEBATE. In that report, I argued
that US equities were likely to experience a cyclical
bear market that would take several years to complete. This bear market
would play out as a consolidation rather than a wipeout, affecting different stocks and sectors at different times. I later called it a rolling bear market that would leave both bears and bulls
unsatisfied.
I always viewed last year’s 4Q rally as more about liquidity than
fundamentals and thought it could last into April/May when
the Fed was scheduled to curtail its latest balance sheet expansion
program. However, the unexpected COVID-19
outbreak has brought that timing forward, and the recent correction in equity
markets makes the entire rally since last October look like a false breakout.
See Chart:
Fed Balance sheet no longer
expanding ENDS the liquidity driven bull market
BOTTOM LINE, I always
thought the cyclical bear market that began in 2018 had unfinished business
once the liquidity surge ended. COVID-19 provided the spark for its completion,
which means pricing in a greater likelihood of US recession. We
believe equity markets will
struggle until policy-makers get back ahead of the curve with more interest
rate cuts and an extension of the current balance sheet expansion and/or an
official quantitative easing program – something we think is likely coming.
….
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DE LA
CRISIS PETROLERA AL WW3
Con el Crash 2020: el
Brent se derrite como agua y muchos Billones se esfuman
Hugo Adan Marzo 8
del 2020
Based on:
"We
are cutting our 2Q and 3Q20 Brent price forecasts to $30/bbl with possible dips
in prices to operational stress levels and well-head cash costs near
$20/bbl."
... those wondering what is the worst case scenario for oil prices,
consider that Brent traded at an all time low of $9.55 a barrel in December
1998, during one of the rare price wars that Saudi Arabia has launched over the
last 40 years... similar to just now.
See Chart:
Oil Price Crisis of 1998
The
worst case scenario is potentially even more dire than that observed in 1998.
Furthermore, considering the high number of Brent net specs, there is the potential for an even more violent puke as
countless speculators are stopped out of margined underwater positions.
See Chart:
Brent crude COT Managed Money
Net
“In short (as we also said on Saturday): there will be
blood... perhaps literally”.
[ De forma que el crash de hoy no disuelve el
oil como agua.. mas bien lo convierte en sangre, dicen los especuladores del WS.
No la sangre de ellos por supuesto, si la sangre de millones de desempleados
lanzados a la calle por la quiebra.. Esta crisis –dicen los
especuladores- “is
shaking the foundations of the whole financial system.", the
neoliberal one.]
HERE IS GOLDMAN'S SUMMARY:
We believe the OPEC and Russia oil price war unequivocally started this
weekend when Saudi Arabia aggressively cut the relative price at which it sells
its crude by the most in at least 20 years. This completely changes the outlook for the oil
and gas markets, in our view, and brings back the playbook of the New Oil
Order, with low cost producers increasing supply from their spare capacity to
force higher cost producers to reduce output.
[ Mas claro que el
agua y mas rojo que la sangre. Lo que viene después de esta crisis energética es la guerra contra RU. Ya los estamos
acusando de haber creado un precio artificial para el petróleo con la OPEC. Se
los acusa en la PRESStitute de querer mandar abajo al imperio americano.” Son
las leyes del Mercado capitalista lo que está en juego, -dijo ayer RU-. El US
produce un oil caro que jamás lo podrá vender si respeta reglas de una real competencia honesta. ]
So now
what? We'll leave readers with our conclusion from yesterday, which now seems
even more apropos:
With 10Y Break evens driven almost
entirely by the price of oil...
See Chart:
... once Brent
craters on Monday to the mid-$30s or lower, the accompanying implosion in 10Y
yields could make the record plunge in yields seen on Friday a dress rehearsal
for what could be the biggest VaR shock of all time. And since QE
will only send yields even lower, perhaps it's time for the Fed to add oil
futures to stocks among the expanded
securities it plans on purchasing as part of QE-5 to avert the next
deflationary crisis which may have just started.
….
….
MI CRITICA (además de lo dicho arriba entre barras [..] )
Lo que no quieren decir es que hay incompetencia
en los especuladores del petróleo en el US y Europa.. Esa incompetencia los empuja al WW3 como
solución al problema y ambos lados se
preparan para ello. Lo permitirá la Nacion Americana? Si
Trump es re-elegido por supuesto que el WW3 es la unica opción que tendría a la
mano y no solo el, también Biden (su aliado e ideal contendor político, tras
las cortinas).
La unica opción del pueblo americano
es impedir que alguno de ellos llegue al poder . Son los billonarios los que están fabricando
el fraude electoral o compra de votos y mas tarde nos dirán que la patria esta
peligro por causa de los Rusos y lanzaran el WW3. VOTAR POR SANDERS es
la unica solución de la Nación Americana contra el WW3 que se avecina.
Para desmontar la guerra mundial hay
que hacer lo hizo FDR : fortalecer el USD regresando a su base en oro. Eso
supone expropiación de los billonarios e inmediatamente lanzar un New Deal (Referendum o Plebisicto) para expropiar a
los billonarios del Penta (big Corp que
lucraron con el armamentismo y las
guerras fuera) Si resisten tendremos que acusarlos de war crimes + crimes Agst
Humanity + apropiación ilícitas de USD .
Esto debe ser acción paralela al
llamado en la ONU al desmontaje de las armas nucleares (empezando por las grandes potencias). Ademas,
esta propuesta de PAZ no WW3 deberá ser paralela
a:
1-la cancelación de la deuda a los millenials y
todos estudiantes Univ de capas medias y pobres.
2- Best health for all based on 1 single payer
y liquidación de los especuladores del big pharma.
3. Se debera también reducir al mínimo el
impuesto a pequeños y medianos empresarios facilitando su asociación cooperativista.
4- Home for all (masive plan of
construction of houses for the poor & middle clases).
Nada de esto es posible si no se
expropia a los billonarios del US dentro y fuera del país (bancos del UK y paraísos fiscales).
Tenemos en el US los profesionales necesarios para lanzar este plan de cambio
radical del sistema hacia un modelo de Socialismo con responsabilidad social
(combinación de competencia capitalista con State Owned Enterprise (SOESs).
EL NEOLIBERALISMO YA LLEGO A SU FINAL
Y EL US DEBE INICIAR SU DESMONTAJE A NIVEL MUNDIAL. Hacerlo, es obligación moral de socialistas
del US y el mundo entero
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===
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambio
"Reckless disregard for the truth."
====
"War is an appropriate analogy."
====
Now you’ill know “what is gona
be useful for the US guillotinas”. NO need F French R
On a salary of just $70,650, he amassed four mansions, a $42.5 million Gulfstream jet, a $13
million golf club and a villa...
….
Yes: not need for
French Robespierre because even he is part of Banks mafia
====
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
"In view of the reopening of the
financial markets tomorrow, I ask that the "short" sale of
transactions be prohibited even with the use of derivatives."
====
Turkish
special forces were also shown pointing their high-powered rifles at the
Greek border patrol cars.
====
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
VOLTAIRE NETWORK
====
RT EN ESPAÑOL
Los
mercados mundiales se estrellan tras el desplome de los precios de petróleo https://actualidad.rt.com/actualidad/345370-mercados-mundiales-estrellarse-desplome-precios-petroleo
Cinco años
de sanciones de EE.UU. contra Venezuela: ¿Un crimen a fuego lento? https://actualidad.rt.com/actualidad/343356-cinco-anos-sanciones-eeuu-venezuela-crimen
La marcha
en México por el Día Internacional de la Mujer deriva en choques con la Policía https://actualidad.rt.com/actualidad/345366-ciudad-mexico-marcha-mujeres
Activistas
marchan en todo el mundo por el Día Internacional de la Mujer https://actualidad.rt.com/video/345348-activistas-marchan-mundo-dia-internacional-mujer
ONU:
Colombia es el país donde más asesinan a los defensores de derechos humanos https://actualidad.rt.com/video/345343-onu-colombia-pais-asesinan-defensores
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INFORMATION
CLEARING HOUSE
Deep on the US political
crisis: neofascism & internal conflicts that favor WW3
Who Made Coronavirus? Was It the U.S., Israel
or China Itself? By Philip
Giraldi
Russia Just Told the World, “No.” By Tom Luongo
Biden’s New Status Doesn’t Come With a New
Biden By Patrick Buchanan
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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
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
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