jueves, 30 de abril de 2020

APR 30 20 ND SIT EC y POL



APR  30 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



This is the best month for the S&P 500 since January 1987 (and was the best since 1974's 13.17% gain until today's drop)
See Chart:


Despite the collapse in economic data (far worse than expected)..
See Chart:


Despite a plunge in earnings expectations...
See Chart:


Oh and Despite an ongoing surge in COVID Deaths...
See Chart:


As Avenue Capital's Marc Lasry shockingly told CNBC:
"none of this [equity rally] is based on fundamentals, this is all about what The Fed is doing... and sooner or later reality will reassert itself."
See Chart


So, everything is awesome?
Well, Jim Bianco warns  that any recovery from here will be "slow and long" and adds that:
“I understand the market has been up a lot since the March low. But what I see in the market is a retracement rally that looks very similar to the first type of rallies that you get in protracted bear markets."

Bianco added, ominously that:
"we'll revisit the 2,200 S&P low, if not make a lower low - probably by late summer,” he said.
“That’s going to come because we’re going to find out now is a critical time for the market.”

Oh and in case you were thinking of buying the dip, Warren Buffett's favorite stock market indicator is signaling "sell, mortimer, sell" as it pushes to its most expensive ever

The Dollar is unch in April, bonds are barely higher (in price), Gold showed some gains (as oil crashed), but stocks were panic-bid...
See Chart:


10Y YIELD  today's late-day spike in rates, once again recoupled them with stocks briefly...
See Chart:


Finally, as Bloomberg notes, the Nasdaq Stock Market’s biggest companies may have reached a “major top” relative to the smaller ones that make up the Russell 2000 Index, according to David Halloran, director of portfolio strategies at Greenwood Capital Associates LLC.
See Chart:


It seems for now that the Boomers are panicking... SO  “sell mutual Fund”
See Chart:


Oh and one more thing - AAPL tonight... and it's all about fundamentals, NOT!
See Chart:
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FED BALANCE SHEET:  $6.66 TRILLION  

At least our satanic overlords have a sense of humor.

According to the latest Fed balance sheet, as of April 29, the Fed's balance sheet increased by 82.8 billion dollars over the past week, rising to a record  6,655,929,000,000 which, of course rounds up to $6.66 trillion (also, who can possibly forget that 666 was also the "generational bottom" on the S&P hit on March 6, 2009)
SEE CHART:

Whether one uses the rounded or unrounded number, the Fed's balance sheet has increased by $2.5 trillion in the past two months, and continues to grow as per the following schedule, which sees the Fed purchasing on average $10BN per day in Treasurys and $8BN in MBS, which while still staggering is a fraction of the $125BN the Fed was buying in late March.
SEE CHART:

Some other observations: according to the latest H.4.1 report, there was a total of $121 billion in borrowings on the Fed's emergency bailout/alphabet soup facilities - which are separate from QE - of which the largest was the money market mutual fund facility, which had $47.5BN outstanding, followed by the Primary Dealer credit facility with $28.6BN, both of which were down over $2BN on the week.
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Most people don’t realize what a huge role the oil industry plays in the US economy...

Prices have collapsed and storage is nearly full. The only option for many producers is to shut in their wells. That means no income. Most have considerable debt so bankruptcy is next.

It’s Really Bad
The estimate in Figure 1 differs from most forecasts in two important ways. First, I believe that supply will fall much faster than most other sources. That is because storage will soon be full and shutting in production will be the only option for many producers.
SEE Chart:


Diesel cannot be produced without first producing gasoline. The U.S. has had a gasoline surplus since late 2014 and the current surplus is the highest in 5 years (Figure 2).
SEE CHART:

Figure 2. U.S. gasoline comparative inventory has increased 30 million barrels since March 20 to a record level of 28.4 million barrels more than the five-year average. Source: EIA and Labyrinth Consulting Services, Inc.

Figure 3 is another thought experiment in which I use tight oil rig count and output to estimate forward levels of U.S. production. The normal trajectory is an estimate of how production might decline as rigs are idled from lack of capital investment. It suggests that tight oil production might decrease by about 50% from 7 to 3.5 mmb/d by July 2021.
SEE CHART:


Energy is the Economy
Seventeen investment analysts recently estimated that U.S. GDP would contract an average of 30-35% in 2020 (Figure 5) within a range of 9-50%. The correlation shown in Figure 4 suggests it will decrease by about 20-25% based on estimated decrease in U.S. oil consumption. Any value within this spectrum is catastrophic.
See CHART:


Economist Lawrence Summers has warned that the U.S. financial system may collapse because of cascading defaults. Approximately 25% of U.S. renters did not pay their landlords and 23% of Americans did not make their mortgage payment in April. When people don’t pay their creditors, creditors in turn cannot pay their creditors. For comparison, 28% mortgage default rate contributed to the 2008 financial collapse.

Joseph Stiglitz recently explained that the current pandemic will affect the developing world more severely than it has developed countries. It might lead to mass migration problems that could dwarf the dislocations of the last six years out of Africa and the Middle East.
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Inflationists are coming out of the woodwork, but they are wrong.
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio


Yes, COVID-19 kills people. But so does a collapsed economy. Finally, states are beginning to let more businesses open.But there’s a problem. A big one, that could keep crucial businesses closed...
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A = coronavirus... B = economic meltdown... and B was in the works long before A came along...
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Expect wave after wave of infections, andwave after wave of lockdowns by complicit government officials. And when COVID-19 doesn't scare people anymore, all the elites have to do is release ANOTHER virus...
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"We are acting in conjunction with workers at Amazon, Target, Instacart, and other companies for International Worker's Day [May 1] to show solidarity with other essential workers." 
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The number of loans that went "late but within grace period" in April just exploded by an unprecedented 6% as the commerical real estate sector implodes.
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BEYOND XENOPHOBIC WW3…
What is the purpose of US conflict with China? 
Hugo Adan   4/30/20
Here my reaction to this article:

"Yes, I have [seen evidence that the virus originated in the Wuhan lab] and I think the WHO should be ashamed of themselves because they were like the public relations agency for China."
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If not WW3  is perhaps the nasty tactic of extortion & blackmail policy to extract free money in exchange for Peace.
IF so,  what is the amount of money the US  owed to JAPAN  for Hiroshima-Nagasaki nuclear bombing?  Does US has the money?
How much the US owes to Iran and Syria for using bio-chemical weapons in previous and current war.  Are we gona compensate them for the crimes US-UK committed with the help of Saudi jihadists mercenaries?
How much the US owes to the entire world fore infesting the environment & hitting and burning entire jungles around the globe;
How much the US  owes to the world  for damaging environment with military drills around the globe. 
All these faults were done intentionally; the US Knew its lethal effects.
Can the US prove that China create the virus intentionally. They instead can prove that China provide codes to make different vaccines against CV to different countries in the world, including the US.
Their policy against Corona Virus in China was successful  because they have a Health System  supported by  SOES  (state Owned Enterprises) that immediately responded to this pest.  It was not the 1st pest in China Hist.We delay too much for our response & we have a system of Health with total lack of resources. We should learn from them. 
What if China  prove  that US create this CV in PENTA-NATO labs (can US allow China scientist to get inside PENTA Labs?. 
What if China prove that PENTA virus get inside China with the help  of CIA apparatus working  in US Embassies and in contact with the chinese opposition to the Central Govt.
IN FACT, there are more geo-political reasons  for the US to destroy   China  -the main competitor in the world market- that in reverse.  So, Presid Trump, you  must drop this case and don’t expect one single penny from China. This type of xenophobic threat is just ridiculous.  
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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


We are the terrorists… we are threating both countries with Nukes
Iran has been bolstering oil refinery repair supplies
to fuel-strapped Venezuela.
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"If we keep being flexible on the border, our national quarantine will be useless,"
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"I fear we will restore 'livelihood' at the expense of more lives lost." Although that fear is a legitimate one, there is an equally powerful fear: that more lives will be lost if businesses remain forcibly closed by the state.
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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

Cuba: "retórica hostil" de func USA fomentó ataque a su embaj  https://actualidad.rt.com/actualidad/351792-cuba-queja-eeuu-disparos-embajada-washington
Perkins a Correa: "Este sistema de 'sicarios económico se vuelve contra nos” https://actualidad.rt.com/programas/conversando-correa/351714-john-perkins-sistema-sicarios-economicos-coronavirus
Justicia peruana revoca la prisión preventiva para Keiko Fujimori  https://actualidad.rt.com/actualidad/351795-sala-penal-peru-revoca-prision-keiko-fujimori-coronavirus
Inteligencia de EE.UU. asegura que el covid-19 no fue creado por el hombre  https://actualidad.rt.com/actualidad/351742-inteligencia-eeuu-coronavirus-origen-laboratorio
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3


- Cold War of Trump vs China  By Andre Vltchek
-The Killer-in-Chief  By Tom Engelhardt
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COUNTER PUNCH
Analysis on US Politics & Geopolitics


Michael Schwalbe  Uncivil Corporate Discourse
Subhankar Banerjee  A “Wild” Tale of Two Nations
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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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