APR 28 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
"With human market participants
staying at home (both literally and figuratively), the machines have proceeded
on their own to systematically buy up equities."
With human market participants staying at home (both literally and
figuratively), the machines have proceeded on their own
to systematically buy up equities.
See Charts:
According
to Nomura, "risk-parity funds appear to have slightly upped their
allocations to DM equities and EM equities in the context of their month-end
rebalancing, and have been buying equities accordingly." It is best to assume that risk-parity funds are buying equities simply as the default
alternative to the high-yield bonds they have been selling, Said Nomura
See Charts:
Takada estimates that CTAs have swung net long in
S&P 500 futures and have just finished closing out their short positions in
Russell 2000 futures. The rally staged by the Russell 2000 yesterday (27 April) presumably pulled CTAs
into a short squeeze.
See Charts
Meanwhile in Germany, CTAs are
now clearly tilted net long in DAX futures, even if this net long position
looks divorced from economic fundamentals. Considering the downward trajectory
of the Ifo Business Climate Index, Takada cautions that "what we are seeing is
arguably a classic bear market rally."
See Charts:
In parting, we will note that many have pointed
out the sharp drop in market volumes in recent
weeks. Nomura also highlights this, saying that liquidity
in equity futures markets in general has yet to truly recover.
See Charts:
In other words, even the
smallest buying intentions now have an outside impact on the market, with
conditions such that "a
flow of orders in the same direction can upset the balance of supply and demand
and thereby cause wide price swings."
As Takada concludes, while it
is true that there is "increasing talk of resuming
economic activity in Germany and other major economies in the region, trend-following
algos, by getting in early, have already eaten into some
of the potential for a stock market reversal
associated with such a resumption of economic activity."
….
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The
"Virus-Fear"-trade continues to tread water despite hopeful moves in
the major indices this month...
See Chart:
Most
Shorted Stocks: A third day of opening short-squeeze today but the squeeze
ran out of ammo fast...
See Chart:
FANG
stocks, for instance, suffered their biggest 2-day drop in six weeks...
See Chart:
Crude
markets were total chaos as Index/ETF shifts and imminent futures contract
rolls did not help with the front-month illiquidity...
See Chart:
Rather surprisingly, given the
endless commentary last month-end, we have barely heard a peep from the likes
of CNBC about the massive equity outperformance in April and the need for
rebalancing flows against stocks and into bonds.
Which
may help explain why bonds were aggressively bid today...
See Chart:
UST
YIELS: 10Y broke back below 60bps
intraday...
See Chart:
The
B-Dollar Index dived for the second day in a row (note all the dollar selling
pressure comes in Asia)...
See Chart:
Finally,
as consumer confidence plunged by its most ever, hunkered-down Americans show no appetite at
all for a vacation anytime soon...
See Chart:
….
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GOOGLE
JUMPS AFTER BEATING ON REVENUE, DESPITE WARNING OF "SIGNIFICANT
SLOWDOWN" IN MARCH AD REVENUE
With everyone looking at FAAMG
bellwether Google, the online ad giant may have dodged the bullet thanks to a
solid beat on the top line despite a sharp slowdown in ad revenue in March.
After a worse than expected
earnings season so far (so far US EPS of -24% yoy has come in some 9% lower
than consensus expectations among companies reporting so far), traders were
especially curious to see what Google earnings would look like today for two
reasons: Google, as Goldman
cautioned over the weekend, was one of the big
five tech names that had been spared much of the pain that hit the rest of the
S&P500, opening up a giant
and unsustainable gap from the rest of the market
with the largest 5 "FAAMG" stocks in the S&P500 now accounting
for 22% of market cap, even higher than during the dot com bubble...
See Chart:
As is always the case, Google's
EPS expectation had slumped by 20% heading into the earnings report. That,
however, did little to hurt the stock as it simply made
the earning "beat" easier.
See Chart:
So a
beat on the top line but miss on the bottom with several key indicators mixed.
Certainly it was not as bad as some had expected, and explains why initially
knee jerking lower, the stock is now higher.
See Chart:
Bloomberg points out a
"telling stat" that may reflect the impact of the virus. Of course, one word out of place during the
conference call can sink all the gains, especially as analysts will certainly
want to know just how bad the March "significant slowdown" was and
how long it will persist. But for now, it appears that
FAAMG may have escaped the momentum crash that Goldman warned about.
….
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Illinois could soon be the first
state in history to have its bonds rated as “junk.” Last month, both
Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above junk status.
Submitted by Adam Andrzejewski, originally published in Forbes
Last week, the Illinois State
Senate President Don Harmon (D-Chicago) wrote a
letter to Congress requesting a $41.6 billion bailout. Critics balked.
In many ways, Illinois may have already crossed the
Rubicon.
Our auditors discovered 110,000 public employees
and retirees who earned more than $100,000 last year.
See Chart:
Cities & villages (8,000) – Small town managers rake
in the pay, perks, and pension benefits. Here the Wheaton Park
District conferred a $273,243 pension on
retired administrator Elizabeth Kutska.
See Chart:
Last
week, Illinois State Senate President Don Harmon wrote a
letter to Congress asking for a $40 billion bailout. $10 billion in bailout
would be used for pension plan solvency.
This
week, U.S. Senate Leader Mitch McConnell suggested another
path, “I would certainly be in favor of allowing
states to use the bankruptcy route.” McConnell specifically
mentioned Illinois along with Connecticut, California, and New York.
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
What if 'herd immunity' simply isn't an option?
====
Union representatives are concerned
about the lack “meaningful safety requirements” for workers who will be
compelled to return to plants that have been shut down due to the spread of
COVID-19
====
"It’s almost set up to fail. It
was made complicated so people would get discouraged and give up."
See Chart:
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Currently,
our economy is caught somewhere in the Twilight-Zone, a place that exists for moments but where wrong
decisions often lead to madness...
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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
IF WW3 COMES it won’t be on CHI+RU.. it will be the WORLD against US
Under the code of that party, the morality of an act is determined
by whether it advances or retards the goals of the regime: expansion, conquest
and domination...
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Rare moment a top South Korean
ministerdirectly blames CNN for
avalanche of rumors...
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WAR
WITH CHINA: WHY? & WHY SHOULD NO.
Hugo
Adan . April 28/2020
Any system has life, so it has death
too.
US EC has not real Capital Reproduction:
It depends on QEs+Bail-Outs for
big Corporations.
So, the US has a fake
economy & a dictatorial
Political system that collide with real democracy.
This Art is a response TO
...elitist
agenda isn’t to use anger at China to bring freedom and production to our
shores, but to use heightened
emotional fear to tighten their domestic power grip. The idea is to
use Chinese authoritarianism as a model
for the US...
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….
China main Econ depends on SOEs (State Owned
Enterprise Sys) mixed with Capital
competition (private greed
subordinated to Public needs).
The Health Syst is an example, it belongs to the Central State (not to
Pharma predators) so it was easy for the
State to cope with the 1st round of Corona Virus.
They are facing now the 2nd round of this virus and they make
Economic adjustments to face it.
We can’t do this in the US because Big-predator-Corp own our system
& the health of our Nation respond to their interest.
This System –called
neoliberalism- is condemned to die. Whole Nation will conflict with their
private greed & its Political system will be smashed by people’s REV.
This is why our oligarchy plan to destroy China with WW3. China & RU will respond and the whole world will be with
them..
We don’t have real allies: US, UK, ISR, Turks & other NATO allies
will be destroyed fast, as soon as nuclear missiles cross borders of CHI-RU.
Our military system will be destroyed and State separatism will come
up.
Winers? None.. only destruction will bring the WW3. New PANDEMIAS will emerge and Millions of life will be killed + complete State-Nations
will disappear from the Map.
This is the WW3 that the 1% of
globe envision.
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Trump still believes that
threats & blackmails work. Ridiculous!
“He [Saudi King Salman] would not last in power for two
weeks without the backing of the U.S. military.”
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Fascistic delusion?
"Germany’s
looking at things, and we’re looking at things, and we’re talking about a lot more money than
Germany’s talking about."
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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
Brasil
registra la mayor cantidad de muertos por coronavirus en un día https://actualidad.rt.com/actualidad/351524-brasil-supera-5000-muertos-coronavirus
Por qué
Argentina pide frenar negociaciones del Mercosur con otros países? https://actualidad.rt.com/actualidad/351476-no-somos-neoliberal-argentina-negociaciones-mercosur
Maduro pide
a oposición "cese al fuego" para establecer "acuerdo
humanitario" https://actualidad.rt.com/actualidad/351532-maduro-pide-oposicion-cese-fuego
Vacuna
contra el CV de la Universidad de Oxford resulta exitosa en monos https://actualidad.rt.com/actualidad/351424-vacuna-coronavirus-universidad-oxford-exitosa-monos
López
Obrador: "No hacen falta toque de queda por virus ni autoritarismo" https://actualidad.rt.com/video/351516-lopez-obrador-no-hacen-falta-toque
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INFORMATION
CLEARING HOUSE
Deep on the US political crisis:
neofascism & internal conflicts that favor WW3
-Pompeo an enemy to world peace By Global Times
-Coming Greater Depression of the 2020s By Nouriel Roubini
-How Trump engaged in coverup’ of CV-19
pandemic By Brad Reed
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
Norbert Ross The
Luxury to Fear COVID-19
A Cockburn Biden the Lout
Lucia Santina We
Need Healing From Our Oil-Addicted Society
Walden Bello The
Corp Food System is Making the CV Crisis Worse
Laura Finley Save
Lives Now, Don’t Wait to Kill
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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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