APR 15 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
Today was a bloodbath for economic data (and that is before
tomorrow's horrific continuation of jobless claims) with almost every item
experiencing record collapses (from Empire Fed to Retail Sales to Homebuilder
and Homebuyer Sentiment). In fact the last four weeks -
despite analysts knowing it was all coming - has seen the fastest crash and
most disappointing collapse in US Macro data ever...
See Chart:
And while The Fed keeps printing money to rescue the (INSERT
YOUR CHOICE OF - stock market, junk bond market, banks, airlines, or 'Average
Joe' Americans), it's not working...
Or put another way...
The chart below illustrates
why it is that the government must ensure that bear markets never happen. There
is too much at stake to end the "casino economy" when people’s net
worth is so crazily hitched to the stock market. Question is – at what cost??pic.twitter.com/abaXPwFvBD
— David Rosenberg (@EconguyRosie) April
14, 2020
But The Fed would never "manipulate" markets?
Listen
VIDEO: https://youtu.be/mXmNpdYpfnk
And even the big
bounce in stocks stalled after The Dow managed to scramble back to
a 50% retracement of the drop...
See Chart:
On the week, Small Caps are down
almost 5% and Nasdaq up around 3%...
See Chart
Sending Nasdaq to its highest since
Oct 2000 against the Russell 2000..
See Chart:
And FANG Stocks extended gains -
almost back to their record highs...
Bank stocks were ugly for the 3rd
day but Goldman was bid after an ugly open...
See Chart:
HY Bonds were down again... despite
The Fed put...
Treasury yields plunged today led by
a huge drop in long-end yields (30Y -12bps, 2Y -1bp)...
See Chart:
10Y UST Yield back below 70bps
(biggest yield drop in almost a month)...
See Chart:
The yield curve flattened notably
today...
See Chart:
UST 2Y 30Y Yield spread
The B-dollar Index surged higher today (biggest jump in a month)
after dropping for 5 of the last 6 days (NOTE that the
dollar reversed lower as soon as the US cash equity market opened)...
See Chart:
WTI closed below $20 today (but
Brent was harder hit)...
See Chart:
WTI Crude Futures: This is the lowest close since Feb 2002...
See Chart:
Gold futures were lower today (not
entirely surprising given the big surge in the dollar) and compressed the
premium to spot...
See Chart:
Finally, as Gerard Minack notes, the key to my medium term
view is not what is happening now amidst the Covid-19 crisis. The key is that
these arrangements remain in place in the recovery phase. The crucial
difference is that I
expect fiscal policy, backstopped by QE, will remain expansionary in the
recovery phase, unlike in the post-GFC expansion when
fiscal policy was typically tightening as QE programs were deployed.
I don’t expect many
markets to price today the prospect of this seismic
policy change...However, it may be that gold is now sniffing out this shift.
See Chart:
Through the past few years gold has behaved as a deflation
hedge. The spot gold price was highly correlated to the value of negative
yielding debt. That correlation is breaking down. Market alchemy may be transforming gold from a
deflation hedge to an inflation hedge.
And as far as inflation is
concerned... Avocado prices have never been more expensive at this time of year...
See Chart:
….
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If the US
banking sector is facing $100BN in loan losses, then the Fed will have no
choice but to once again step in and bail out the US financial sector.
See Chart: Loan Loss Reserves to total loans
What if instead of using JPMorgan
as a benchmark, one takes the financial crisis as a
reference: after all, we already know that both
GDP and unemployment will be far, far worse in Q2 compared to even the worst
levels of the financial crisis, something today's Empire Fed number vividly
demonstrated...
SEE CHART:
Empire
State Manufacturing
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"...nobody should be
bailed out. No company should be bailed out. No individuals should
be bailed out.Everybody needs to deal
with the consequences of their own actions."
====
...anyone with the discipline
and emotional courage to confront the most brutal facts of our current reality realizes
that ‘normal’ is still far away.
====
Sorry
cash-strapped small businesses: if only you were big businesses with one or
more politicians on your payroll, all of this could have been avoided.
====
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
Bernie
Sanders (I-VT) may have sold out and endorsed a credibly accused sexual
predator after his pie-eyed supporters emptied their pockets to chase a
pipe dream, but fellow socialist Rep. Alexandria
Ocasio-Cortez (D-NY), has not.
On Tuesday, AOC opened the door to
discussing a sexual assault
allegation against former Vice President Joe Biden, ,,when “all women" crowd suddenly can't seem to find their
voices over.
During an online conversation
with The Wing, AOC was asked about the accusation against Biden by
a former staffer, Tara Reade, who claims Biden
forcibly penetrated her with his fingers in 1993 in the halls of the
Capitol.
"What you're voicing is so legitimate and real. That's why I find this kind of silencing of
all dissent to be a form of gaslighting," AOC told the questioner.
"I think it's legitimate to talk about these things” said AOC. "A lot of us are
survivors, and it's really, really hard and uncomfortable," she
said, adding that not discussing these allegations is
the "exact opposite of integrity."
Ocasio-Cortez also said that it's
"not okay" to prioritize winning against Trump over addressing ‘MeToo
allegation’ because they are "very legitimate thing[s]."
So, while
the MSM and Bernie Sanders are busy supporting an accused sexual predator -
the Democratic Socialists of
America are not endorsing Biden.
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This is not
good...
====
"At
these prices, you would think you’d want to fill up every cavity that we have
in this country."
….
What is worse.. waste of money or
waste of stupidity: fracking damage
tectonic plates undergroung.. one single bomb overt & we will have huge
mess
====
Snitching on friends and neighbors is good; publishing
anything contrary to
official propaganda is bad. Welcome
to the brave, new, Orwellian world...
…..
Notice that you are offending the ‘purity’ of
the fascist KING.. don’t say “sorry” to compensate your fault .. you have to vote him..then we’hav Orwellian
world
====
WHY NO? Japan is selling a pill that no only
prevent you from CV it also stopped it.
...the longer that these
shutdowns persist, the more impatient many
Americans are going to become...Already, we are starting to see protests pop upall over the nation...
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Check “World News” at 5 pm, in my TV I got in channel 13.3.
====
At this point the
quarantine or Lockdown is obsolete. All
you need is take precautions
People in
big cities can’t be arrested with the story-tell of corona virus. The
militarization of this issue make no sense.. it is a waste of money. Open the
health market to get basic things like masks & disinfecting-sprays.
====
... feeding at the trough
of U.S. taxpayer generosity with a sense of arrogance and
entitlement... As a country, we will either live with the short-term pain of discipline or the
long-term pain of regret...
====
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 must stop US military drills now.
Recent science Repot said: it spread CV infestatio
Iranian vessels came as
close at 10 yards during US military drills in surprise provocation..
….
The other reason: US military
drills put at risk life of millons since it open doors to
WW3.. IF WW3 happens there will be also many other
pandemics because the pollution of environment at global scale. The pest ‘drills’ worse than CV-19
====
DT want to bomb them too, using the coverture of CV? No
limits to US blackmail & exto
"The
economic shock represented by the coronavirus pandemic will lead to a severe
recession in Mexico in 2020."
….
Presid Trump: Mx oil is
theirs. LIve them alone … you playing
dangerous game
====
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
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RT
EN ESPAÑOL
Trump suspenderia el Congreso si los Dems no salen
de cuarentena para aprob cargos nominad https://actualidad.rt.com/actualidad/350081-trump-amenaza-suspender-congreso
OMS: Tres vacunas del covid-19 están en ensayos
clínicos y otras 70 en desarrollo https://actualidad.rt.com/actualidad/350039-oms-tres-vacunas-covid-ensayos-clinicos
US y UE enfrentarían 4 oleadas de CV si se permiten
que la pandemia azote África https://actualidad.rt.com/actualidad/350034-advierten-eeuu-europa-enfrentar-coronavirus-africa
Qué es la 'muerte civil' de Perú a quienes no paguen
multas por saltar la cuarentena? https://actualidad.rt.com/actualidad/350004-peru-aplicar-muerte-civil-pagar-multas-cuarentena
11 navíos iraníes acosan peligrosamente a 6 buques
de guerra del US. en golfo Pérsico https://actualidad.rt.com/actualidad/350071-buques-iran-acercamientos-eeuu-golfo
Trump dice que US Posible "ha pasado el pico" de la pandemia
del coronavirus https://actualidad.rt.com/actualidad/350079-trump-dice-eeuu-probablemente-pasado-pico-covid
Bachelet pide a países de Am-Lat que permitan retorno
de sus ciudadanos https://actualidad.rt.com/actualidad/350060-bachelet-pide-paises-america-latina-retorno-ciudadanos-pandemia
La Reserva Federal señala la "drástica y
abrupta" contracción de la economía de US
https://actualidad.rt.com/actualidad/350059-reserva-federal-contraccion-economia
La petrolera más rentable del mundo ofrece crudo gratis
durante tres meses https://actualidad.rt.com/actualidad/350065-saudi-aramco-ofrece-aplazar-pagos
OMS responde a Trump: "Nos centramos en frenar
la pandemia y salvar vidas" https://actualidad.rt.com/actualidad/350018-director-general-oms-pandemia-vidas
América Latina está al borde del abismo económico https://actualidad.rt.com/video/350020-america-latina-esta-borde-abismo
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
-Vijay Prashad et al How
China Broke the Chain of Infection
-Robert Hunziker Abrupt
Ecosystem Collapse
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
-German
Lawyer Sent to Psychiat Ward for Org Protest Against CV Lockdown By KN Tienen espacio en el Psychitric para Dino Trump por
cortar fondos a la OMS
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DEMOCRACY NOW
Amy Goodman’ team
-Trump Cuts
Funds for World Health Org as Oxfam Warns Pandemic Could Push Half a Billion
into Poverty
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