APR 30 20 ND 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
This
is the best month for the S&P 500 since January 1987 (and was the best since 1974's
13.17% gain until today's drop)
See Chart:
Despite the collapse in economic data (far worse than expected)..
See Chart:
Despite a plunge in earnings expectations...
See Chart:
Oh and Despite an ongoing surge in
COVID Deaths...
See Chart:
As Avenue Capital's Marc Lasry
shockingly told CNBC:
"none of
this [equity rally] is based on fundamentals, this is all about what The Fed is
doing... and sooner or later reality will reassert itself."
See Chart
So, everything is awesome?
Well, Jim
Bianco warns that any recovery from here will be "slow and
long" and adds that:
“I understand the market has been up a
lot since the March low. But what
I see in the market is a retracement rally that looks very similar to the first
type of rallies that you get in protracted bear markets."
Bianco added, ominously that:
"we'll
revisit the 2,200 S&P low, if not make a lower low - probably by late
summer,” he
said.
“That’s going to come because we’re going
to find out now is a critical time for the market.”
Oh and in case you were thinking of
buying the dip, Warren
Buffett's favorite stock market indicator is signaling "sell, mortimer,
sell" as it pushes to its most expensive ever
The Dollar is unch in April,
bonds are barely higher (in price), Gold showed some gains (as oil crashed),
but stocks were panic-bid...
See Chart:
10Y YIELD today's
late-day spike in rates, once again recoupled them with stocks briefly...
See Chart:
Finally, as Bloomberg notes, the Nasdaq Stock Market’s biggest
companies may have reached a “major top” relative to the smaller ones that make
up the Russell 2000 Index, according
to David Halloran, director of portfolio strategies at Greenwood Capital
Associates LLC.
See Chart:
It seems for now that the Boomers are
panicking... SO “sell
mutual Fund”
See Chart:
Oh and one more thing - AAPL
tonight... and it's all about fundamentals, NOT!
See Chart:
….
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At least our satanic overlords have a sense of humor.
According
to the latest
Fed balance sheet, as of April 29, the Fed's balance sheet increased by
82.8 billion dollars over the past week, rising to a record
6,655,929,000,000 which, of course rounds up to $6.66
trillion (also, who can possibly forget that 666 was also the "generational
bottom" on the S&P hit on March 6, 2009)
SEE
CHART:
Whether
one uses the rounded or unrounded number, the Fed's balance sheet has increased
by $2.5 trillion in the past two months, and continues to grow as per the
following schedule, which sees the Fed purchasing on
average $10BN per day in Treasurys and $8BN in MBS, which while still
staggering is a fraction of the $125BN the Fed was buying in late March.
SEE
CHART:
Some
other observations: according to the latest H.4.1 report,
there was a total of $121 billion in borrowings on the
Fed's emergency bailout/alphabet soup facilities - which are separate from QE -
of which the largest was the money market mutual fund facility, which had
$47.5BN outstanding, followed by the Primary Dealer credit facility with
$28.6BN, both of which were down over $2BN on the week.
….
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Most people don’t realize what a huge role the oil industry plays in
the US economy...
Prices have collapsed and storage is nearly full.
The only option for many producers is to shut in their wells. That means no
income. Most have considerable debt so bankruptcy is next.
It’s Really Bad
The estimate in Figure 1 differs from most
forecasts in two important ways. First, I believe that supply will fall much
faster than most other sources. That is because storage
will soon be full and shutting in production will be the only option for many
producers.
SEE Chart:
Diesel cannot be produced without first producing gasoline. The U.S.
has had a gasoline surplus since late 2014 and the current surplus is the
highest in 5 years (Figure 2).
SEE
CHART:
Figure 2. U.S. gasoline comparative inventory has
increased 30 million barrels since March 20 to a record level of 28.4 million
barrels more than the five-year average. Source: EIA and Labyrinth Consulting
Services, Inc.
Figure
3 is another thought experiment in which I use tight
oil rig count and output to estimate forward levels of U.S. production. The
normal trajectory is an estimate of how production might decline as rigs are
idled from lack of capital investment. It suggests that tight oil production
might decrease by about 50% from 7 to 3.5 mmb/d by July 2021.
SEE
CHART:
Energy is the Economy
Seventeen investment analysts recently
estimated that U.S. GDP would contract an average of 30-35% in 2020 (Figure 5)
within a range of 9-50%. The correlation shown in
Figure 4 suggests it will decrease by about 20-25% based on estimated decrease
in U.S. oil consumption. Any value within this spectrum is catastrophic.
See CHART:
Economist Lawrence
Summers has warned that the U.S. financial
system may collapse because of cascading defaults. Approximately 25% of U.S.
renters did not pay their landlords and 23% of Americans did not make their mortgage
payment in April. When people don’t pay their
creditors, creditors in turn cannot pay their creditors. For comparison, a 28%
mortgage default rate contributed to the 2008
financial collapse.
Joseph
Stiglitz recently explained that the current pandemic will affect the developing world more severely than it has developed
countries. It might lead to mass migration problems that could dwarf the
dislocations of the last six years out of Africa and the Middle East.
….
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Inflationists are coming out of the woodwork, but they are wrong.
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds &
corruption. Urge cambio
Yes, COVID-19
kills people. But so does a collapsed economy. Finally, states are beginning to
let more businesses open.But there’s a
problem. A big one, that could keep crucial businesses closed...
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A = coronavirus... B = economic
meltdown... and B was in the works
long before A came along...
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Expect wave after wave of infections, andwave after wave of lockdowns by complicit
government officials. And when COVID-19 doesn't scare people
anymore, all the elites have to do
is release ANOTHER virus...
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"We are acting in conjunction with workers at Amazon, Target,
Instacart, and other companies for International Worker's Day [May 1] to show
solidarity with other essential workers."
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The number of loans that went "late but within grace
period" in April just exploded by an unprecedented 6% as the commerical
real estate sector implodes.
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BEYOND XENOPHOBIC WW3…
What is the purpose of US conflict
with China?
Hugo Adan 4/30/20
Here my reaction to this article:
"Yes, I have [seen evidence that the virus originated in the
Wuhan lab] and I think the WHO should be ashamed of themselves because they
were like the public relations agency for China."
….
….
If
not WW3 is perhaps
the nasty tactic of extortion & blackmail policy to extract free money in
exchange for Peace.
IF
so, what is the
amount of money the US owed to JAPAN for Hiroshima-Nagasaki nuclear
bombing? Does US has the money?
How much the US owes to Iran and Syria for using bio-chemical
weapons in previous and current war. Are we gona compensate them for the crimes
US-UK committed with the help of Saudi jihadists mercenaries?
How much the US owes to the entire world fore infesting the
environment & hitting and burning entire
jungles around the globe;
How much the US owes to the
world for damaging environment with
military drills around the
globe.
All these faults were done intentionally; the US Knew its lethal
effects.
Can the US prove that China create the virus intentionally. They instead can prove that China provide
codes to make different vaccines against CV to different countries in the
world, including the US.
Their policy against Corona Virus in China was successful because they
have a Health System supported by SOES
(state Owned Enterprises) that immediately responded to this pest. It was not the 1st pest in China
Hist.We delay too much for our response & we have a system of Health with
total lack of resources. We should learn from them.
What if China prove that US create this CV in PENTA-NATO labs (can US allow China scientist to get inside
PENTA Labs?.
What if China prove that PENTA virus get inside China with the help
of CIA apparatus working in US
Embassies and in contact with the chinese opposition to the Central Govt.
IN
FACT, there are more geo-political reasons for the US to destroy China
-the main competitor in the world market- that in reverse. So, Presid Trump, you must drop this case and don’t expect one
single penny from China. This type of xenophobic threat
is just ridiculous.
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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
We are the terrorists… we are
threating both countries with Nukes
Iran has been bolstering oil refinery repair supplies
to fuel-strapped Venezuela.
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"If we keep being flexible on the border, our national
quarantine will be useless,"
====
"I fear we
will restore 'livelihood' at the expense of more lives lost." Although
that fear is a legitimate one, there is an equally powerful fear: that more lives will be lost if
businesses remain forcibly closed by the state.
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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
Walden Bello Izqu a armarse para enten la
desmundialización”
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ALAI ORG
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RT EN ESPAÑOL
Cuba: "retórica
hostil" de func USA fomentó ataque a su embaj https://actualidad.rt.com/actualidad/351792-cuba-queja-eeuu-disparos-embajada-washington
Perkins a Correa: "Este
sistema de 'sicarios económico se vuelve contra nos” https://actualidad.rt.com/programas/conversando-correa/351714-john-perkins-sistema-sicarios-economicos-coronavirus
Justicia peruana revoca la
prisión preventiva para Keiko Fujimori https://actualidad.rt.com/actualidad/351795-sala-penal-peru-revoca-prision-keiko-fujimori-coronavirus
Inteligencia de EE.UU.
asegura que el covid-19 no fue creado por el hombre https://actualidad.rt.com/actualidad/351742-inteligencia-eeuu-coronavirus-origen-laboratorio
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INFORMATION CLEARING HOUSE
Deep on the US political crisis:
neofascism & internal conflicts that favor WW3
- Cold War of Trump vs China By Andre Vltchek
-The Killer-in-Chief By Tom Engelhardt
- Israel ask for double its usual $3.8 billion
from the U.S By Alison Weir
- Real Economic Problem Is Not The Closedown By Paul Craig Roberts
- Welcome to the Era of the Great
Disillusionment By Jonathan
Cook
- M Flynn case should be dismissed to preserve
justice By J Turley
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COUNTER PUNCH
Analysis on US Politics &
Geopolitics
Michael Schwalbe Uncivil
Corporate Discourse
Irma Velásquez Indigenous
Communities Can Prevent the Spread of CV
Michael Klare The
Beginning of the End for Oil?
Subhankar Banerjee A
“Wild” Tale of Two Nations
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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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