MAY 27 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
Big rollercoastery
day in stocks as overnight gains in futures ville were once again erased after
the open, only to be ramped back magically...Small Caps
ended the day up over 3%... for absolutely no good reason at all (and don't ask
us why it was panic-bid into the close, why not!)
See Chart:
For some context, May has been a terrible month for anyone
buying during the US day session. The S&P 500 is up 171 points during the overnight sessions and up 1.3
points during the day session...
See Chart:
So, adjust
accordingly...
Fears over mega-tech
Chinese firms delisting and increased sanctions against
China over its dealings with Hong Kong, sent the yuan to its record low
intraday...
See Chart:
These
headlines also hit FANG stocks hard (as well as threats from Trump over social
media bias)...
See Chart:
The market
was helped early on when Robinhood went down and that reversed the downtrend...
See Chart:
The major
reversal in momentum vs value in the last two days continues...
See Chart:
Bank
stocks surged for the second day in a row...
See Chart:
Bonds were
mixed today with the long-end bid and short-end seeing modestly higher yields...
See Chart:
10Y Yields
tumbled from overnight spike highs back to unch on the week...
See Chart:
Choppy day
in the B-dollar Index today, but it ended higher..
See Chart:
Silver
outperformed gold, pushing the gold/silver ratio to 98x - its lowest since 3/12...
See Chart:
Finally, THIS WON'T END WELL...
See Chart:
Dow vs Dow
Consensus 12, forward EPS
….
SOURCE: https://www.zerohedge.com/markets/if-youre-buying-stocks-during-us-day-youre-doing-it-all-wrong
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"With
P/Es at 21.3x, we thought these charts were worth recirculating"
The chart showing the 2 year (not 1 year) forward P/E multiple
on the S&P500, i.e., based on EPS from Dec 31, 2021, is now
so ridiculous it barely fits in the chart let alone is worth to comment
on.
SEE CHART:
And while one can argue that nobody
cares about fundamentals in a world in which the economy, profits and markets
all exist in a state of what BofA called a "Schrödinger
Equilibrium" created by the Fed, Credit Suisse equity strategist
Jonathan Golub just has trouble believing that we now live in a world in which
PE multiple have reached a persistently higher plateau.
As he writes in his daily note to
clients today, "we’ve repeatedly made the case that more cash flow-rich
companies, in a less volatile environment, would lead to a new regime of persistently higher multiples and the
secular outperformance of growth and long-duration (less volatile) equities."
And just to
underscore his point, Golub shows that whereas valuations indeed have little
impact on 1-year stock returns...
SEE CHART:
... they
certainly impact the market's return over the coming decade. And as the second
chart shows, when starting at the currently lofty valuation, returns over the
next ten years tend to be more or less the same: 0%.
SEE CHART:
….
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Re-opening a fragile, brittle,
bankrupt, hopelessly perverse and corrupt "normal" won't fix
what's broken...
There are two "solutions" in the status quo: dump the debt on
taxpayers or on powerless debt-serfs--for example, college students. (See chart below of the $1.6 trillion that's strip mining
student debt-serfs.)
SEE CHART:
The problem is that while debt has soared, productivity and earned income
have stagnated. The statistical
narrative has been ruthlessly gamed to hide the erosion of living standards, but even with the bogus "low inflation" of official
statistics, wages for the bottom 95% have stagnated for decades.
SEE CHART:
What little
productivity gains have been made have been skimmed by the top 5%. Coupled with
the Federal Reserve's single-minded goosing of the one signaling device it
controls, the stock market, the top 0.1% in America own more wealth than the
bottom 80%.
SEE CHART:
The top
0.1% now own more than the bottom 80%
If productivity stagnates and winners
take all, the wages of the bottom 95% cannot rise. Real
wealth is only created by increases in the productivity of labor and capital;
everything else is phantom wealth.
The only way stagnant incomes can support more debt is if interest rates
decline. Presto, the Fed dropped interest rates to near-zero a decade ago. Of course you and I can't actually borrow
millions for 0.1%; that privilege is reserved for
financiers and other financial parasites and predators.
….
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"If you are the Trump Administration or Congress, I don’t see how you stop bailing people out
before the election.”
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Does he lost the support of the
Senate? IF SO, very bad sign vs.he planned to trick out
The president hasn't said yet
whether he plans to sign it - but IT DID PASS THE
SENATE BY AN OVERWHELMING MAJORITY...
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ZERO
SCIENCE vs. ZERO GOVT
“Remdesivir doesn’t work at all, as far
as I can tell, or has only a minor effect,”
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This is shocking,
and represents an ongoing existential threat
to American citizens...
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Twitter has now shown that
everything we have been saying about them (and their other compatriots)
is correct. Big action to follow!
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Privatiz of Educ System & breaking up students
socialization are also ethical problems
Once we allow aggression against innocent people, such as a lockdown or
general quarantine, we are on a
slippery slope with no limits...
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Shameless
self-accusation? What ‘better’
bias you propose?
"Examples
have become embarrassingly easy
to find."
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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
"Today,
I reported to Congress that Hong Kong is no longer autonomous from China, given
facts on the ground. The United States stands with the people of Hong
Kong."
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By The title.. the coming one is a fake News: cheap impressionism
"They
will hold back some of the bigger guns like tariffs, export controls and
investment restrictions until they see what the new law looks like and how it’s
implemented."
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Venezuela
has reached a deal with the U.N. to use a part of its gold reserves Bank of
England accounts to finance the purchase of food and medicine during the
coronavirus pandemic
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NO THAKNS.. obvious response
Thousands
of PLA troops reportedly digging
in positions within India-claimed territory...
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
THE PATH TO TRAUMPIST DEBACLE: one stupidity after other
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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
Chile
7 de 10 Evalúan negativam a Piñera frente a crisis del CV
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RT EN ESPAÑOL
"Esa gasolina la pagamos
en dólares": Maduro evalúa nuevo precio en VEN https://actualidad.rt.com/actualidad/354622-gasolina-compro-dolares-maduro-anuncia-precio-venezuela
China e India trasladan tropas a la frontera: ¿Qué
está pasando y por qué? https://actualidad.rt.com/actualidad/354575-tension-fronteriza-india-china
"Se hará la justicia": Trump pide a FBI
"acelere" investigación del asesinato de George Floyd https://actualidad.rt.com/actualidad/354629-trump-fbi-investigacion-asesinato-George-floyd
Un negro menos de muchos, pero en tiempo de elecciones es escandalo
"Eso fue tortura": campeón de la UFC
condena la muerte de George Floyd a manos de la Policía https://actualidad.rt.com/actualidad/354627-tortura-campeon-ufc-muerte-afroamericano-polica Si, fue tortura y ahora es hipocresía del Gob
de Trump. Ayer se abaleo a manifestantes desarmados, también cayeron negros. Esto es fascismo.
Moscú prolonga hasta el 14 de junio el régimen de
autoaislamiento https://actualidad.rt.com/video/354592-moscu-prolonga-regimen-autoaislamiento
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CROSS TALK https://www.rt.com/shows/crosstalk/
Cold War
2.0 with China has got off the ground and is gaining momentum. Some say Beijing
must pay for the pandemic, while others claim it’s an existential security
threat to the Washington-centric world. Still others say Washington simply
can’t concede that we now live in a multipolar world.
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Oxycontin.
Codeine. Fentanyl. All prescription drugs that countless patients have become
addicted too. As America battles an opioid crisis that sees 170 citizens die
every day, lawyers and prosecutors are trying to bring an end to Big Pharma’s
impunity. The first doctor has gone on trial for murder for over-prescribing
drugs.
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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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