viernes, 3 de abril de 2020

APR 2 20 ND SIT EC y POL



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:
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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."
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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."
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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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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
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Could the pandemic lead to World War III?
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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.
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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
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COUNTER PUNCH
Analysis on US Politics & Geopolitics

-Jill Richardson   Efficiency vs. Resilience
- Nabri Ginwa  Carcinogens
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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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