APR 17 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
...welcome to "real
life" in America!
SEE CHART:
Here's a brief primer for all the top 10%ers who have no idea of what
life is like for America's 60% Underclass:
1. Income is insecure as shift/hours per week/gigs are all uncertain.
2. When you are at your job, you're overloaded with work: the pressure
never lets up.
3. You have long commutes, long hours.
4. There are insufficient rewards and recognition for your labors: low
pay, no stock options, supervisors pressured to fire people, not praise them.
5. There's no trust or community at work; you're either competing for
miserable pay in the gig economy, or you work with a constantly shifting mix of
people. There's no trust or support.
6. Every day is an object lesson in unfairness: all you see are workers
being treated unfairly while invisible bosses skim huge paychecks or
millions/billions in stock options.
7. You cannot value or have pride in your work because the
product/service is garbage, as defined and dictated by your overlords, who care
only about maximizing profit by whatever means are available, i.e. lowering
quality and hiding this from customers.
8. There are few avenues for advancement, unless you want to become a
slave-driving crew chief for another lousy dollar or two an hour.
9. There's no way to get ahead, as your wobbly paycheck barely covers
expenses, and any savings are wiped out by dental emergencies, car repairs,
desperation-soaked loans to relatives, etc.
10. The constant overwork and all the anxieties of economic insecurity
have undermined your health.
If you have any doubt that the Fed and Wall Street will some day be
dismantled, please re-read this "real life in
America" list as many times as
needed to break through the obsession with the free money machine of
a Fed-pimped euphoric stock market.
See CHART:
SOURCE:
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SHORT NEWS
ON ECONOMICS:
"LET
THEM EAT STOCKS": TOP MARKET STRATEGIST SAYS "IN 20 YEARS I HAVE
NEVER SEEN ANYTHING LIKE THIS"
What more
is being priced in by further economic misery? To the increasingly depressed it
smacks dangerously of depression alongside a Marie Antoinette-esque “Let them eat stocks” from Wall
Street...
====
The
"TL;DR version" of the U.S. reopening guidelines is simple:
There is no “plan"...
SEE CHART:
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Don't think it won't happen just because it
hasn't happened yet...
Here's a partial list of commodities that are
in Overcapacity / oversupply:
1. Overvalued assets
2. Overpriced income streams (as income craters, so will the asset
generating the income)
3. Labor: low-skill everywhere, high-skill in sectors experiencing
systemic collapse in demand
4. AirBnB and other vacation rental properties
5. Overpriced flats, condos and houses
6. Overpriced rental apartments
7. Overpriced commercial office space
8. Overpriced retail space
9. Overpriced used vehicles
10. Overpriced collectibles
I think you get the idea.
Here is a weekly chart of crude oil (WTIC). Note the
weakening of price as the global economy slowed in 2018-2019, the modest rise
as the Federal Reserve began "not QE" printing of currency in
September 2019, and the complete collapse as oil
producers jockeyed for control via crushing price wars/over-production and
global demand plummeted.
SEE
CHART:
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The tapering
continues, and after purchasing as much as $650BN in assets per week three
weeks ago, the Fed's QE has shrunk to "just" $125BN weekly starting
next week.
The chart
below summarizes all the Fed Treasury and MBS buying completed and scheduled
since the relaunch of QE on March 13:
SEE CHART:
https://www.zerohedge.com/s3/files/inline-images/Fed%20purchases%20schedule%204.17.jpg?itok=b630tVxl
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And on a
year-over-year basis, LEI crashed
6.6% - the biggest
annual drop since September 2009...
The US
Conference Board's leading economic index crashed 6.7% in March - the biggest
monthly drop since the series began in 1959...
SEE CHART
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Nasdaq
stocks soared on the week (second week in a row) as Small Caps and Trannies
disappointed...
See Chart:
Sending
tech stocks back to dotcom levels of exuberance relative to
domestically-focused smaller cap stocks...
See Chart:
But bonds
were not buying it (even as The Fed tapered again)...
See Chart:
Crude Black gold was not buying it...
See Chart:
Nasdaq
futures plunged back into the red from strong gains overnight... and the last hour saw more complete
panic-buying as Small Caps surged back towards their
limit-up overnight highs...
See Chart:
Treasury
yields were all lower on the week with the long-end outperforming..
See Chart:
B-Dollar
Index gained on the week, but mainly thanks to the surge on Wednesday...
See Chart:
Ok, ok... one chart...the
S&P 500 Fwd P/E is now at 19.47x... its highest since Feb 2002 and well
above the peak in Feb 2020...
SEE Chart :
….
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"Are
we there yet?" Unfortunately, from a public policy and business practice
perspective the US is moving in the wrong direction.
Corporate
Profits: In 2019, operating profits for US companies totaled $2.075
trillion, essentially unchanged from the prior year. That flat performance
represents the fifth consecutive year of no growth in corporate profits. It would be flat out wrong to characterize the economy’s
recent performance as the “best” when corporate profitability has stalled for 5
consecutive years.
See Chart:
Even if the current recession proves to be short in time, it
still will be historic in terms of the scale of decline in operating profits.
The peak to trough decline in operating profits during the
Great Financial Recession was 40%. But that drop in operating profits occurred
against a 3% peak to trough decline in Nominal GDP.
Corporate
Debt: At the end of 2019, nonfinancial corporations had outstanding debt
and loans of $10.1 trillion, nearly double what these firms on their balance
sheet at the start of the last decade. A relatively
large part of the debt binge was used for financial engineering (i.e. stock
buybacks) instead of engineering for innovation and making things.
See Chart:
Finance
vs. Economy: The last decade saw the greatest divide ever between
finance and the economy. At the end of 2019, household holdings of equities
stood 2 times the level of disposable personal income, an all-time high. Also, the market value of domestic companies to Nominal GDP stood at
a record 1.9 times, exceeding the prior record high of 2000.
See Chart:
The US economy has the potential to be the “best”. But to be
the “best” it needs to clean up corporate balance sheets and follow best
policies and best practices.
Best policies means the capital markets fairly and freely
price and allocate credit and capital. Best practices means firms focus on
innovation and making things.
“Are we there yet?”
Unfortunately, from a public policy and business practice perspective the US is
moving in the wrong direction.
….
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
The fund contains a total of about $14.2 billion for both private and public colleges and universities across
the US...
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Arms industry lobbyists are addressing this pandemic and preparing for the next by pushing weapons
sales...
====
...the notion that the system
is designed to enrich a few and enslave many has never been more
clear... policy makerspick winners and
losers. Oligarchs pick
policy makers...
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THE AIM IS to START WW3
By Hugo Adan 4/17/2020
…
….
….
RELATED: Trump Confirms US ‘Looking Into’ Reports the
COVID-19 Virus POSSIBLY
Escaped Chinese Lab in Wuhan [ POSSIBLY: XENOPHOBIC speculation ]
…..
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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
There could have been a US-Russian entente, if you will. That would
havestood in the way of Chinese
hegemony, but that is not happening...The Chinese have a very long memory...
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Saudi Arabia’s oil-dumping strategywasn’t aimed at Russia, it was aimed at US shale oil
producers. But not for the reasons
you’ve read about in the media...
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
- 'Racist'
Corona or Bad Healthcare: Who’s to Blame for Higher Number of COVID-19 Deaths
Among Blacks?
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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
Banco Mundial: la crisis del CV será "
más profunda que la Gran Recesión" https://actualidad.rt.com/actualidad/350355-banco-mundial-CV-recesion-pobres
Quiénes son los grandes 'ganadores' de la pandemia
de coronavirus? https://actualidad.rt.com/actualidad/350048-quienes-son-grandes-ganadores-pandemia
Cambridge: la pandemia CV no comenzó en Wuhan y
surgió antes de lo que se estima https://actualidad.rt.com/actualidad/350273-cientificos-sugieren-brote-coronavirus-comenzado-septiembre
US fuerza militar secreta se prepara para trasladar
la Casa Blanca si hace falta https://actualidad.rt.com/actualidad/350246-newsweek-fuerza-tarea-militar-secreta-prepara-asegurar-eashington
¿quién está multiplicando su fortuna en la crisis? https://actualidad.rt.com/video/350290-virus-desigualdad-esta-multiplicando-fortuna
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
- CovidGate And The Folly Of Lockdown Nation By David Stockman
- 50 Headlines: Welcome to the “new normal” By off-Guardian
- Are We Brewing a New Feudalism? By Paul Craig Roberts
- It's a Man's World: The Truth and its
Consequences By Fred Reed
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Steven Salaita Sanders
and Palestine: a Post Mortem
Kathleen Wallace Bernie’s
Political Funeral
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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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