APR
3 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
The story of the week is fourfold:
- Helicopter money begins... and the sovereign risk of the USA soars
- Oil has best week ever on hopes of supply cut.
- Stocks sink as any rebalance flow support evaporated.
- Lockdown effects are starting to be seen in labor and survey data
'Helicopter Ben' unleashed hell...
See Chart:
Fed Balance Sheet
As the trillions in bailout booty starts to get handed out
to the public, markets
did not "love the smell of helicopter money in the morning"
As USA Sovereign risk accelerated
further...
See Chart:
USA 1 Year Sovereign CDS
Hopes of a supply-cut sparked the single-biggest daily gain ever and the
biggest weekly gain ever in crude oil...
See Chart:
World Trade index CRUDE
But in context, there's a long way
to go...
See Chart:
And despite energy's gains, US equity markets were carved up
this week, with Small Caps clubbed like a baby seal (5th weekly loss of last
6), as any month-/quarter-end rebalance flow support evaporated entirely... (NOTE broiadly speaking US markets rallied into the EU
close then sold off every day this week),,,
See Chart:
Over the past two weeks however, The
Dow is still up around 9% and Small Caps just over 2%...
See Chart:
And finally, the impact of the
lockdowns is starting to hit as US Macro Surprise Index crashes by the most
ever
See Chart:
CIRI US Macro surprise Index
The
'Virus-Fear' Trade is back in a big way...
See Chart
"Most Shorted" stocks are
down 6 days in a row
See Chart:
VIX and the market decoupled this
week (VIX notably lower as stocks sank)...
See Chart:
VIX
vs S&P
Treasuries were bid this week with
10Y outperforming, 2Y under performing...
See Chart:
The week's yield drop pushed
everything across the curve back near cycle yield closing lows...
See Chart:
The B-Dollar Index was up 4 of the 5
days this week (and 3rd week of last 4)
See Chart
Gold Spot and Futures have started
to decouple again as physical delivery fears resurface...
See Chart:
Gold Futures vs Spot
Gold
Where does gold go next?
See Chart: UP
Finally, the question is - is this
bounce still viable?
See Chart:
DOW
Then and NOW
Not if fun-durr-mentals have
anything to do with it...
See Chart:
DOW
vs DOW Consensus 12m Forward EPS
….
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SHORT NEWS ON ECONOMICS
...indicates
that the economy contracted 5% in
March, but with more measures to fight the virus outbreak being taken this
decline will likely be eclipsed by what we see in the second quarter.
A survey indicates that the economy contracted
an annualised rate approaching 5% in March, but
with more measures to fight the virus outbreak being taken this decline will likely be eclipsed by what we see in the
second quarter. More
nonessential businesses are being forced to close, some are going bust, and
lockdowns are leading to vastly reduced consumer spending.
See Chart:
See More interesting charts at:
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It was
expected to be ugly. It turned out to be a disaster. And the worst is yet to
come... See Chart
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From an
initial $75 billion per day, to $60 billion per day last week, The Fed had just
announced another 'taper' in its bond-buying program to $50 billion per day for next week... See Chart
Fed Treasury/MBS Purchases since
restart of QE
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Nike & Adidas don’t have stores in china, .. they will
go there.. la labor is chipper there
"Unfortunately, unlike Nike and Adidas, Under Armour is not an
established brand in Asia, where a lot of stores have reopened. The
restructuring and the abandonment..."
….
And if they have those factories … the US owner won’t close them
See Chart: Under ARMOUR
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This is how
America's bailed out banks repay the taxpayers that rescued them in 2008... and
in 2020.
It's the first day that America's
small businesses can apply for the SBA's Paycheck
Protection Program, i.e., the $350BN program that
is part of the bigger $2 trillion bailout package designed to provide small
businesses access to capital for payroll and other overhead costs to the tune
of 2.5 months of average payroll and
which must be accessed via an existing banking relationship - and the rollout is
predictably a mess, with some banks such as BofA
already accepting loans (which convert to grants if used exclusively for
payrolls and business continuity purposes), while
others like JPM delaying the roll out to 1pm; a third group of banks
such as Wells Fargo has conspicuously failed to provide its rollout plans - perhaps it is scheming how to cross-sell bailout loans with
auto insurance or engage in some other typically Wellsfargoian fraud.
Bank of America's website
confirms as much, stating on its eligibility page that only "clients
with a business lending and a
business deposit relationship at Bank of America are eligible to
apply for a Paycheck Protection Program through our bank." In other words, any business that only has a deposit account and
no loan or business card is out of luck.
Read Doct
And the kicker, literally, for
those BofA clients who would like to become eligible and open a business loan
account, well it's too late: as the bank makes clear, this should have
happened as of Feb 15.
The key question is this how the banks
that were bailed out by ordinary Americans in 2008 will treat those same
Americans when they need a rescue too? Alternatively, what happens to these banks when millions of small business
fail and America's economy plunges into an even deeper depression. One
final question: how is it logical for banks to only
bailout those companies which already have debt and are by extension riskier,
than to provide funds to their ordinary clients who only now, for the first
time, need a helping hand.
We eagerly await Steven Mnuchin's
answers to these questions. SOURCE:
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"The
US economic recovery will be more drawn out than previously anticipated, marked
by a deeper drop into recession and slower climb out. "
See Charts:
Finally,
there is unemployment, which Morgan Stanley
expects will peak at a ghastly 28%
in late 2020. See Charts
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
...claims COVID-19
discriminates against minorities.
….
AOC no respondas a Mich-Ca-Ca , su pestilencia intellectual huele a eso,
a caca. Siquiera debiera saber que la regla
mínima en un debate sano y honesto es respetar el principio lógico ‘ad hominem’. Pero cuando se adolece de lógica,
principios y sólidos argumentos se recurre al ataque
personal or ‘ad hominem’. Y eso, más que falacia lógica es un insulto.
Cuando digo ‘caca’ no la insulto pues eso
pertenece a su apellido: Michelle Caruso-Cabrera.
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A los de TX
City los cogió el virus: no le importa la salud del pueblo ..solo el dinero
Town
council also controversially imposed a blanket curfew on all residents as
cases spike..
….
Ese dinero es parte de lo que circula a raudales en favor de grandes
Corp que hoy reciben QEs and bailouts,
incluyendo a la Farma y otros grandes vividores del COVIT-19. Ese dinero corrupto
lleva la marca de la peste CV que es más letal que el propio corona virus. Si
miles mueren y pocos se enriquecen es porque no existe ningún interés en la
salud del pueblo. Que hacer? No pagar ni
quemar el local del City County.. pero si ponerles la mascarilla ‘sucia’ en los
carros de los miembros de esa mafia.
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In Italy,
the mortality rate climbed to 12.2% as the number of new cases continued to
drop, while deaths continued to climb...
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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
Is the US
about to “do a Noriega” on Maduro based
on half-baked charged that the Venezuelan leader is some kind of drug kingpin?
….
If RU-Chi allow this abuse.. the
will be discredited as mediators for PEACE. Their only
choice is to give VEN the codes to use Missiles with semi-nukes for self
defense and send more missiles to them. This military ‘game’ to force
Peace is that we had before with JFK (1961) but this time –since the
aggression to VEN is eminent – the codes for missiles already installed is the
solution.. IF US attack: Ven should burn 4 US nuke-military stations. Morir de
pie, no de rodillas .. is that the VEN Nation demand. In
Latin-Am many US embassies & US Company will be burn too. Entire
Gvts w redefine relation with US & demand
ZERO debt and nationalization of GOLD comp and empower their own oil companies. We need to re-start the project canceled by
traitor Alan Garcia: the trans-atlantic railroad
& cars-road to unite the Atlantic
with Pacific Countries of BRA, PAR, PE, BOL & Chile (perhaps ARG too, it
was not in the initial project). China is ready to implement this project. A United Lat-Am market will be create sustainable development. The other project “the Amazonian Proj” is to create roads to connect countries in the Pacific coast (PE-EC) with
countries of the Atlantic (COL-VEN-N-BRA) toward the Amazon river (Big ships
& Blln f UE turist) It is the way to create an
Independent South-Am out of US & with our own currency. Now what
we need is the support RU-China to Venezuela as soon as possible.
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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
Nota: los
autores de arts anteriores ya publ y con fecha actual serán bloqueados
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ALAI ORG
Nota : No
se publicaran titulares con + de 7 palabras incluyendo monosílabos
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RT
EN ESPAÑOL
Desde la econ hasta el valor de la vida human: ¿cómo
será el mundo después del CV? https://actualidad.rt.com/actualidad/348728-mundo-despues-coronavirus-economia-escenarios
Putin: La produc petrolera debe reducirse en 10 mill
de barriles diarios y RU está lista https://actualidad.rt.com/actualidad/348741-rusia-aboga-aunar-esfuerzos-eeuu
Maduro ordena movilizar piezas de artillería militar
"para cualquier combate que haga falta" https://actualidad.rt.com/actualidad/348785-maduro-ordena-movilizar-piezas-artilleria
Un sismo de magnitud 4,9 sacude California . Grave seña
pues CA adeuda sismo 7+ https://actualidad.rt.com/actualidad/348795-sismo-magnitud-49-sacude-california
ONU insiste en un alto al fuego global para luchar
contra la pandemia CV https://actualidad.rt.com/actualidad/348770-peor-llegar-secretario-general-onu-alto-fuego-conflictos
Sobre todo para
evitar el WW3 que traerá pandemias peores
Científico Australi vaticina desastre en la Tierra
peor que la extinción de los dinos https://actualidad.rt.com/actualidad/348726-desastre-tierra-extincion-dinosaurios
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Omar Shaban Gaza’s
New Conflict: COVID-19
Jonathan Cook The
Bigger Picture is Hiding Behind a Virus
Evaggelos Vallianatos
The
Control of Nature
Matthew Stevenson Will
Trump Cancel the Election? Will the Dems Dump Joe B?
Jack Rasmus COVID-19
and the Forgotten Working Class
Victor Grossman Corona and
What Then?
Eve Ottenberg Capitalism
vs. Humanity
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
-Video:
Turkish Forces Shell Syrian Army while US Claims Iran Prepares Attacks in Iraq
By South Front,
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DEMOCRACY NOW
Amy Goodman’ team
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