APR
20 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 historic
for a number of reasons.
1) Front-month oil traded at an
utterly irrational and unprecedented negative $43 intraday (this was not about storage into settlement, this wasforced selling into settlement, then notice
the bounce, and then later more selling.)
See Chart:
2) Oil's prompt-spread exploded to a
record negative $60 (smells like at least
one fund was carried out on an arb same
chart
3) Oil 'VIX' exploded today to record highs...
See Chart:
4) Russell 2000
'VIX' has never been higher relative to Nasdaq 'VIX' than today (The widening gap reflects the damage being done
to smaller companies by the coronavirus, Julian
Emanuel, head of equity and derivatives strategy at BTIG LLC, wrote in a
report.)...
See Chart:
5) A AAA
CLO tranche failed its O/C test (this
is a major liquidity problem - it
means that a key pillar of the credit market will be crushed for years: CLOs
have been the biggest buyers in the $1.2 trillion leveraged loan market,
helping fuel a surge in debt-fueled buyouts and other transactions.)
6) Liquidity shortages reappeared as the 3m FRA-OIS Spread blew out once again... despite
the massive injections of cash from The Fed...
See Chart:
7) US Macro-economic data crashed at a record
pace back to the worst levels since the peak of the 2008 financial
crisis...
See Chart:
European
stocks roundtripped from ugliness overnight to end mixed but all eyes were
on Italian credit markets which
were once again starting to signal redenomination risk...
See Chart:
US equity
markets were in the red on the day with Nasdaq relatively outperforming once
again and Trannies weakest (odd given the huuuge benefits from oil's
collapse)...NOTE the red
rectangle shows the drop in all stocks as oil crashed into settlement...
See Chart:
FANG
Stocks made another new record high today...
See Chart:
Treasury
yields largely shrugged off everything today ending modestly lower (2Y -1bps,
30Y -3bps)...
See Chart:
The
dollar trod water today for a second day, ending slightly higher...
See Chart:
Finally, the price of a barrel of oil has traded generally between
2.5oz and 5oz of silver for over 40 years... until today - using the June
contract, it now costs just 1.3oz of silver to buy a barrel of oil - the
cheapest ever.
See Chart:
….
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"Why not load the
bazooka with the kitchen sink and go nuclear?"
See Chart
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...more
than 2.9 million homeowners – or 5.5% of all
mortgages – have entered into COVID-19 mortgage forbearance plans... This population represents $651 billion
in unpaid principal...
See Chart:
Black
Knight reports More
than 2.9 Million in Forbearance, 5.5% of All Mortgages
Key Details
- As of April 16, more than 2.9 million homeowners – or 5.5% of all mortgages – have entered into COVID-19 mortgage forbearance plans
- This population represents $651 billion in unpaid principal and includes 4.9% of all GSE-backed loans and 7.6% of FHA/VA loans
- At today’s level, mortgage servicers would be bound to advance $2.3 billion of principal and interest payments per month to holders of government-backed mortgage securities on COVID-19-related forbearances
- Another $1.1 billion per month in lost funds will be faced by those with portfolio-held or privately securitized mortgages
….
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"this is a colossal economic tragedy in the
making right now."
====
A revived/broken
agreement from OPEC+on oil
production cuts, China’s gradual
restart after lockdown, and power markets in the doldrums are illustrated in charts
picked by S&P Global Platts editors...
====
US DOMESTIC POLITICS
Seudo democ
duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
Today negative prices are the reflection of dire
market conditions for producers, with the hope that demand restart before the
middle of May and that the June contract does not face the same fate.
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"... the surge in retail interest in recent
weeks suggests that retail positions (in outright WTI contracts rather than
systematically rolling products) were
likely still long May WTI contracts into this week and now forced sellers"
====
We have reached the point where fear
and panic have precluded
logic and facts...
====
When Anthony Fauci first warned that two million
would die, there was a race among federal, state, and local officials to see
who could rip up the Constitution fastest.
====
The requested bailout is galling in scope and
shameless in purpose – a clear attempt to use the pandemic as cover to get
federal money to pay for Illinois’ pre-pandemic fiscal mismanagement, particularly
of its pensions.
====
It's slated to start at 5pmET..
====
"So what you do if you jump the gun and go
into a situation where you have a big spike?"
====
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
====
ALAI ORG
====
RT EN ESPAÑOL
El precio del
petról WTI se vuelve negati por 1ra vez
en la historia: ¿qué signif eso? https://actualidad.rt.com/actualidad/350607-precio-petroleo-wti-vuelve-negativo-que-significa
1- que su compra venta cae, 2-sus inversor
quiebran, 3-su labor al desempleo , 4- que el valor del USD cae. 5- el poder
Econ del imp cae.
Max Keiser:
"Los precios negati del petró WTI son partes del cuerpo cortadas a la
bestia bancaria" https://actualidad.rt.com/actualidad/350633-keiser-precio-negativo-wti-partes-cortadas-bestia-bancaria-desmembrada
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INFORMATION CLEARING HOUSE
Deep on the
US political crisis: neofascism & internal conflicts that favor WW3
-The New Anti-China Campaign Is Built On Lies By Moon Of Alabama
-Blame China By George Galloway
-Closedown vs. No Closedown By Paul Craig Roberts
-Sweden Is Right. The Economy Should be Left
Open By Mike Whitney
-The city in a time of plague By Pepe Escobar
-You Wouldn’t Have To Knock People Off Their
Pedestal If You Didn’t Put Them There In The First Place By Caitlin Johnstone
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COUNTER
PUNCH
Analysis on
US Politics & Geopolitics
Melvin
Goodman Trump’s
Beijing Problem: Starting a New Cold War
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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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