APR 2 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
Two things were "unprecedented" today... America's labor market collapse and
global oil markets' surge in price.
Just shy of 10 million Americans have signed
up for unemployment benefits in the last two weeks... quite an outlier
historically...
See Chart:
Initial Jobless Claims (2-Weeks change)
For oil traders, it was the worst of times (biggest
quarterly loss ever) and the best of times (today's manic jawboning and
denials prompted the single-best daily gain for
crude ever)...
See Chart:
All thanks to President Trump's apparent lying tweet
of an imminent supply-cut deal. Saxo's Ole Hanson
summed things up nicely as Trump triggered everyone's stops
The 24.7% rise is the largest daily gain for WTI
ever (and at one point Brent rose a stunning 47% intraday)...BUT let's put that
in context...
See hart:
Despite the mixed picture in indices, the Virus-Fear
trade is reaccelerating...
See Chart:
"Most Shorted" Stocks fell for the 5th day in a
row...
See hart:
High-yield bond algos triggered in Trump's oil deal
comments... but that faded rapidly...
See Chart:
Treasury yields were marginally higher today pushing
30Y back to unchanged on the week...
See Chart:
The B-Dollar index
drifted higher again today...
See Chart:
Notably, gold futures and spot have started to
decouple once again (as physical shortages rear their ugly head again)...
See Chart:
Finally, Gold coins sold by the U.S.
Mint were snapped up in March at the fastest pace in over three years as
investors flocked to the haven metal amid the coronavirus pandemic
See Chart:
As Bloomberg reports, by the end of the month, investors
had purchased142,000 ounces of American Eagle coins, the most since
late 2016. With so much retail demand, dealers are
charging premiums for bullion -- and even offering to pay more
than spot prices to clients willing to part with their gold bars and
coins.
….
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"This is an unprecedented event.
The great financial crisis happened over a number of years. This is happening
in a matter of months - a matter of weeks."
According to estimates by
Moody's Analytics chief economist Mark Zandi, as many as 30% of Americans with home loans – about
15 million households – could stop paying if the U.S. economy remains closed
through the summer or beyond.
See Chart:
Delinquencies as a % of all morgages
….
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Steven
Mnuchin said that he will double the interest rate on the PPP loan from 0.50%
to 1.00% to appease banks seeking higher rates and lend money to the same
taxpayers who bailed them out 12 years ago.
These banks - which include
JPMorgan Chase, Bank of America, Wells Fargo Citigroup, Truist Bank and PNC - which were bailed out in 2008 and again bailed out 3 weeks
ago with the Fed's various alphabet soup programs, couldn't agree to give Main Street a helping hand, and
instead of offering loans at a modest 0.5%, demanded no less than 1%, which is
75-100 bps above where they can borrow cash from the Fed. Because charging America's middle class a record 17% credit
card interest rate is not enough, and anything
less than 1.0% on a loan that is explicitly backstopped by the Treasury would
be uneconomical.
See Chart:
Interest
rates on US credit cards have soared in recent years
Finally, we have a
question: who the hell
calls the shots here - the
perpetually insolvent banks, who would be in dire straits had it not been for
the Fed's now trillions in excess reserves, and which once again steamrolled over Main Street, or the Treasury which until today
had indicated a rate of 0.50% on the PPP
loan...
See Text:
We hope someone finally asks
former Goldman Sachs partner Steven Mnuchin on whose
side he really is?
Update (1715ET): With
just a few hours before the expected launch of the federal program to dole out
at least $350 billion in loans to small businesses (the Paycheck Protection
Program), CNBC's
Wilfred Frost reports that JPMorgan Chase, the biggest U.S.
bank, emailed customers late on Thursday to say the company “will most likely not be able to
start accepting applications on Friday, April 3rd as we had hoped.”
However, Frost goes on to say
that the bank makes clear that they are doing all they can to be ready as soon as possible.
There is just one problem: with just
hours to go until millions in small businesses across the nation scramble to
apply for much needed funding, the program appears to be on the verge of
collapse amid what appears to be sheer chaos between the
Treasury, the Small Business Administration, and the various commercial banks
that will be tasked to loan the action money.
Continue
reading at:
SOURCE: https://www.zerohedge.com/economics/hours-its-start-treasurys-small-business-bailout-verge-collapse
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SHORT ECONOMIC NEWS:
By "it" we of course mean the crisis and the
Treasury's stimulative response.
The result of this Bill issuance flood is that the cash balance of the Treasury (i.e. the US government)
just hit a record $515 billion, the highest on record.
See Chart:
Why? Because tomorrow is the day the crisis response
officially begins as hundreds of billions in small, medium and very large
business bailout demands hit the Treasury as up to $2 trillion in funds are
handed out across the economy over the coming weeks.
The Fed's recently expanded,
massive repo ops, which have basically been abandoned by Dealers in the past
week See Chart:
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"We're going to need a bigger chart."
Since we know that tomorrow the Fed
will buy another $90 billion, we
can conclude that as of Friday's close, the Fed's balance sheet will be a nice,
round $6 trillion. See
Chart:
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What the CBO expects now is, at least
in the short-run, nothing short of a depression, with Q2 GDP expected to plunge
to -28% as unemployment soars to 10% See
Chart: on GDP -28% n Unemployment 10%+
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Investors now need to make a decision stay in the roller coaster or get out?
The charts below depict the almost identical chronology for the
post-crash events that occurred after the Dow Jones crashed in 1929 and the
NASDAQ dotcom bubble burst in 2000. The journey to the final bottom took
the Dow 32 months and the NASDAQ 31 months. The NASDAQ
declined by 78% and the Dow by 89% from their highs. See Chart
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
The Democratic National Committee is
postponing the party’s presidential convention in Milwaukee by one month to
August 17, the week before the Republican Party’s convention
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Don’t panic .. don’t fear. IF
you do it, they will control your mind
& submit to them
"As
we move forward, drones and
autonomous technology doing detection will be an important part of ensuring public safety."
====
La xenophobia de Trump & associates pario
un bebe enfermo:
"The
suspect indicated that he stabbed
the family because he thought the family was Chinese, and infecting
people with coronavirus."
….
Trump, el ‘invisible enemy’ que pario el CV.. SI creo el visible asesino de TX
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The economic, social and public health
consequences of these measures could claim millions of victims...
CONCLUSION
The
total deaths attributable to the COVID-19 response, from just this limited
examination, are estimated to be:
- Suicides 59,000
- Drug abuse 87,000
- Lack of medical coverage or treatment 1,350,000
- Poverty and food access 780,000
These estimates, totaling more
than two million deaths above the estimated 150,000 expected from the virus
itself, do not include other predictable issues with the COVID-19 response. An
example is the lack of medical services as stated above. Other examples include
the EPA’s suspension
of environmental regulations. It has been estimated that the EPA’s
Clean Air Act alone has saved 230,000
lives each year.
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"THIS
IS TURNING INTO A DISASTER" - SOME AMERICANS MIGHT WAIT 20 WEEKS OR LONGER
FOR STIMULUS CHECKS
Millions of Americans could be lefttwisting in the wind...
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FEMA
confirms: “The federal government will exhaust all means to identify and attain medical and other supplies needed to
combat the virus.”
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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
New York Governor Andrew Cuomo
announced that the Javits Center will be used to house coronavirus patients
instead of hospital overflow as initially intended.
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With U.S.
shale on the ropes and destined for a substantial decline, the American
government would presumably need to offer quite a bit to get Saudi and Russia
on board with deep cuts.
See Chart:
Brent 1
day % change
https://www.zerohedge.com/s3/files/inline-images/brent%201%20day%20change%20record.jpg?itok=776q02zU
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Could the pandemic lead to World War III?
….
The pandemic postponed WW3: PENTA-NATO plan to attack
RU-China existed before the CV outbreak.. 40,000 west soldiers were displaced
to the borders of RU-China for the ‘pacific” war drill.. and now that the CV is
about to be totally controlled.. the issue WW3 will come back .. BUT CV won’t
be pretext to militarize streets.. to
severely control de mass media .. to locked the nation inside their houses. IF they keep it is because they plan to
protect and expand the power of US billionares who profit from neoliberal
policies and even from the pandemia with the recent QE and bailouts. WW3 needs
total militarization of our Nation & the cut of democratic &
constitutional rights. IF WW3 start attacking IRAN –under the pretext that ‘Iraq
is Killing US soldiers with the support of IRAN’- then the Iranian & Syrian
oil will be controlled by US allies (ISR & Turks). What will be the respond
of RU-China to this start of WW3? Nobody knows. But everybody knows that main US
target is RU & Ch & the end is MAD (mutual
assured destruction) and the outbreak of many other pandemics derived
for nuke infestation. Could a Furer in America sing a son of victory
after the attack to Iran? I don’t think so.
====
Trump just made sure every trader's stop was triggered.
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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
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ALAI ORG
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RT EN ESPAÑOL
US: el 1er país del mundo en reportar más de 1.000
muert por CV en un solo día https://actualidad.rt.com/actualidad/348651-eeuu-pais-mundo-mil-muertes-covid-dia
El
Triángulo de las Bermudas al que el coronavirus ha llevado al mundo https://actualidad.rt.com/programas/keiser_report/348570-triangulo-bermudas-pandemia
Autorizan
en EE.UU. la primera prueba para covid-19 basada en anticuerpos https://actualidad.rt.com/actualidad/348650-eeuu-autorizar-primera-prueba-covid-anticuerpos
Un médico
explica cómo comprar, desempaquetar y desinfectar los alimentos https://actualidad.rt.com/actualidad/348566-comprar-desempaquetar-desinfectar-alimentos-coronavirus
Putin
amplía suspensión laboral en Rusia hasta el 30 de abril por el coronavirus https://actualidad.rt.com/video/348629-putin-amplia-suspension-laboral-rusia-coronavirus
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INFORMATION
CLEARING HOUSE
Deep on the US political
crisis: neofascism & internal conflicts that favor WW3
Sick West Goes Viral By Finian Cunningham
China rolls out the Health Silk Road By Pepe Escobar
Draconian Lockdown Powers= to House Arrest By John W. Whitehead
When it's over, will we be the same America? By Patrick J. Buchanan
CV Is More Than a Health Disaster – It’s a
Human Calamity By Peter
Koenig
My Take On CV “Conspiracy Theories” By Paul Craig Roberts
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
-Jill Richardson Efficiency
vs. Resilience
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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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