APR 24 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
Global economic data
disappointed/crashed by the most on record this week, plunging to its weakest
since the great financial crisis...
See Chart:
Global Macro Surprise Index
But, but, but... stocks are up over
the last few weeks right.
And then there's the ongoing
increase in deaths from COVID..
However, on the week the
mirage of gains in stocks faded - after two glorious weeks of "well the
worst must be over" gains - and gold surged on the week...
See Chart:
And long-bond yields down
8bps on the week...
See Chart:
Small Cap stocks actually
outperformed on the week as the Friday afternoon buying panic helped float all
boats (ramping Nasdaq green on the week very briefly) but Dow Industrials and
Transports were weakest...
See Chart:
High yield bonds had an ugly
week and IG bonds even dropped a little in price...
See Chart:
The B-Dollar Index was up on the week with rallies every day
after EU closed...
See Chart:
Finally, circling
back to where we started, here’s a gloomy statistic from Bloomberg to close the
week out:
Friday’s U.S. durable goods report showed the inventory-to-sales
ratio climbed to 1.82 months in March, the highest in almost 11 years.
See Chart:
Shipments dropped 4.5%, the
most since early 2009, leaving producers with more in inventory and signaling
production cutbacks in coming months. At the same time, orders for goods meant
to last at least three months tumbled 14.4% -- the most since 2014 --
led by slumping demand for commercial aircraft, Commerce Department data show.
So buy stocks?
….
SOURCE: https://www.zerohedge.com/markets/gold-cryptos-surge-stocks-oil-purge-global-economy-crashes
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Bring on the concerns about the second wave.
Earlier this week we noted that the most
confusing thing in the market at the moment is the huge dichotomy between
what will be one of the worst synchronized global economic slumps in history, against what is now the largest
ever intervention and bailouts.
See Chart:
As a result, the $64
trillion question is whether the record liquidity injection by central banks in
the past month...
See Chart:
In an attempt to put some order to
this chaos, overnight BofA's Chief Equity Strategist summarized the prevailing
trader thought as "bearish but
fewer looking for retest of lows" and defined the "New
consensus" in the market as follows:
- buy "what the Fed buys" (credit);
- deflationary trading range for stocks;
- own quality/growth (tech, health care),
- avoid investment ghettos (EU, EM, energy, financials)
Hartnett will also irk some traders by
contending that the current "pain trade" in the market is still up,
as a result of bearish positioning and
bullish policy, and he expects
the S&P to challenge 2018 lows of 3020. However, on
the bearish side, the BofA CIO contends that the end of lockdowns will be the
most likely catalyst for end of the rally. And since the reopening begins as
soon as today...
... one could argue that the topping process has begun, a point
Hartnett agrees with as he notes that the BofA "lockdown portfolio",
which while still up from the March low has begun to underperform slightly, and
is an early sign that “leadership” may temporarily peak May/June.
Cash
mountain: $4.7tn currently in Money
Market Funds; biggest inflows of year to “prime MMF’s” ($20.9bn) which were
epicenter of epic March liquidation on Wall Street.
BofA Bull
& Bear Indicator: pinned at 0.0
(Chart 1), i.e. investors extreme bearish; asset performance since March 17th
“buy signal”…stocks 17.5%, HY bonds 2.6%, but 10- year Treasury yield -16bps...yields not rising despite extreme bearish sentiment either
because a. recession to drag risk assets lower, or b. Treasuries discounting imminent
“Yield Curve Control” announcement by Fed…yields lose signaling power.
See Chart:
Extreme
Bearish
https://www.zerohedge.com/s3/files/inline-images/bofa%20bull%20bear%20april%202020.jpg?itok=GL1x7zks
US
leading policy panic: $6 out of every $10 of central bank asset buying in 2020 is by US Fed; $4
out of every $10 of fiscal stimulus is by US Treasury.
The
bull surprises: a. policy makers need higher asset prices to prevent public or
private sector bankruptcies, reduce unemployment, offset pandemic, “whatever it
takes” policy continues; b. data improves…US mortgage purchasing index, BofA credit card data
has stabilized, unemployment claims lower, March will be low for global PMIs
& EPS revisions (Global Earnings Revision Ratio worse than 2008 in Mar).
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds &
corruption. Urge cambio
Remember when the Fed said now
is not the time to worry about moral hazard?
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"To rescue investors who knowingly risked there capital, and should now be
left to suffer the consequences,
since those are the rules of the game..."
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Here are all the key events and milestones over the next month as
the world prepares to reopen from a historic shutdown of the global economy.
====
"For the under-50-year-old
population, the death-rate is 5 per 100,000... That’s a rounding error in the
scheme of things.You can’t run a
society based on the risk of 5 out of 100,000 people..."
====
DON’T TRUST THE OLIGARCHY IN POWER
...The oligarchic class in your own country that has been exploiting, propagandizing, deceiving,
oppressing and robbing you every moment of your life since you were
born. [Little
change to make it consistent with her content message and previuos articles.] :
….
Distortion? YES..
They did it before:
The Russians and the Chinese are your enemy.
Not the media-owning class who uses their unrivaled narrative control to sow division among your brothers and sisters at home and around the world so you don’t realize who’s really been fucking you over.
Not the media-owning class who uses their unrivaled narrative control to sow division among your brothers and sisters at home and around the world so you don’t realize who’s really been fucking you over.
….
Are the Russians and the Chinese OUR ENEMIES?
Are the Russians and the Chinese OUR ENEMIES?
The
key QT is why our oligarchy wants to start WW3 with them?.
….
Buy Caitlin Johnstone books :
Rogue Nation: Psychonautical
Adventures With Caitlin Johnstone and Woke:
A Field Guide for Utopia Preppers.
….
Read her recent articles:
1
Caitlin Johnstone.
In a recent article falsely
titled "The U.S.-China propaganda war is on hold, but
not for long "
OPEN:
2
ahtribune.com — The neoliberal Council on Foreign Relations
through its journal Foreign Affairs has amped up its criticisms of China.
United States president Donald Trump and American officials have orchestrated a
gambit to deflect unwanted attention from the miserable US response to the
COVID-19 pandemic and the souring US economy. OPEN:
….
WHAT? .. YES: This
is an evidence of FASCISM IN AMERICA
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"Please,
please, wake up. A calamity far worse than COVID-19 itself is at
hand..."
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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
"China has continued to run a global disinformation campaign to
deflect blame for the outbreak of the pandemic and improve its international
image." Just kidding! -EU
====
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:
Chomsky vs CV: «Estamos ante otro fallo colosal del
capitalismo»
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RT en español
Segundo brote del virus en
la Marina de EE.UU. en un mes https://actualidad.rt.com/actualidad/351111-18-marineros-bordo-buque-uss-kidd-positivo-covid19
Desempleo y rebajas
salariales: estragos del coronavirus en el mercado lab https://actualidad.rt.com/actualidad/350724-desempleo-record-rebajas-salariales-coronavirus
Cómo intenta el cuerpo
humano salvarnos del nuevo coronavirus https://actualidad.rt.com/actualidad/351068-cuerpo-humano-intentar-salvarnos-nuevo-coronavirus
Trabajar desde la cama la peor opción para sobrevivir el
autoaislamiento CV https://actualidad.rt.com/actualidad/351117-psiquiatra-explica-como-sobrevivir-autoaislamiento-covid19
Vacuna china contra el CV-19 podría estar lista en septiembre https://actualidad.rt.com/actualidad/351099-vacuna-china-covid-19-emergencias-lista-septiembre
Casa Blanca anuncia planes para
reabrir la economía en 16 Estados https://actualidad.rt.com/video/351093-casa-blanca-anuncia-planes-formales-economia-ee-uu
Política petrolera de US perjudicó
no solo a rivales, también a sus aliados
https://actualidad.rt.com/video/351052-politica-petrolera-eeuu-perjudicar-rivales-aliados
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism
& internal conflicts that favor WW3
Capitalism: The Deadliest Pandemic By
Paul Edwards
Monitoring the Public After CV By Philip Giraldi
Digital Rev Is Inconsistent With Liberty By Paul Craig Roberts
Curtains Up! By David Perez VOTE FOR NOBODY!
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COUNTER PUNCH
Analysis on US Politics &
Geopolitics
Vijay Prashad How
t China and WHO Handled the CV
Henry Giroux et-al Militarization
in Time of Pand Crisis
Robert Hunziker America’s
Great Greenwashing
Paul Street May Day, Mayday!
Eve Ottenberg World’s
Most Unfair Health Care System
Fiore Longo Humans
Aren’t the Virus
Frank Joyce The
Settler Colonialism Project
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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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