miércoles, 3 de junio de 2020

JUN 2 ND SIT EC y POL



JUN 2 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco

AMERICA'S 'SHAKY FOUNDATIONS'
BBC  WORLD NEWS

Film-maker SPIKE LEE has said people in the US are angry because they "live every day in this world where the system is not set up for you to win".
The Oscar-winner said the reasons for the US current unrest included the deaths of black people like George Floyd but also wider injustices and inequalities.

He traced the inequalities in the US back to the country's foundation.
"The land was stolen from native people, genocide was committed against the native people, and ancestors were stolen from Africa and brought here to work," he said.
"So the foundation of the United States of America is genocide, stealing land and slavery.
"Any architect will tell you that if you don't have a strong foundation, the building's going to be shaky, and shaky from day one... This original sin has not been dealt with since the birth of this country."
SO "Why are people angry?" Lee said on Tuesday. "People are angry because black people are being killed left and right, and cops walked away free”.
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MY COMMENT: Hugo  Adan. 6/2/2020
AT:
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RELATED:
The fact that self-serving cover stories are now the norm is making it difficult to love our servitude with the slavish devotion demanded of us...
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ZERO HEDGE  ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics

While we are constantly told that Black Lives Matter, Blue Lives Matter; in fact, truth be told, ALL LIVES MATTER; but, there is one thing that matters more...higher stock market prices...

Trannies led the day... (there was a blip lower around 1030ET when NYC announced its extended curfew - but that was bid) but another major buy on close imbalance sent everything rallying into the close...
See Chart:

Another night of utter carnage across the nation and global pandemic number starting to re-accelerate suggesting a second wave more likely - so of course, buy stocks!

US equity markets played deja vu all over again in the early going with overnight gains fading into pre-open weakness leading to panic-buying shortly after the dump...
See Chart:

Treasury yields were higher across the curve, but the long-end steepened most...
See Chart:

But while stocks have soared, yields have gone nowhere off the lows...
See Chart:

The B-dollar Index continued its slide lower, breaking below its 200DMA...
See Chart:

Oil prices extended their surge with July WTI approaching $37, ready to cross above its 100DMA and fill the February gap...
See Chart:

The Gold/Silver ratio rose for the first time in 6 days (and only the 4th time in the last 21 days)...
See Chart:

And finally, in case you were unclear on just how this farce is occurring...
See Chart:

As Mohamed El-Erian diplomatically pointed out this morning:
"I understand people who bet on moral hazard. I understand people who bet on The Fed backstop. I don't do it. I don't think that's a good way to invest...I'd rather invest on the basis of fundamentals"

He continued...
"This notion that it doesn't matter what happens to fundamentals. It doesn't matter what happens to corporate earnings. It doesn't matter what happens to economic growth... because The Fed will buy what I want to buy... that's the mindset of the market right now."
Trade accordingly.
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What liquidity?

It has been nearly two months since the market was so illiquid it would surge (orplunge) on news of the size of the daily market on close (MOC) imbalance. But it now appears that illiquidity is back, baby, because at exactly 350pm ET when the MOC closing imbalance is disclosed, the Emini soared 10 points in seconds when it was revealed that today's imbalance was $3.2 billion to buy.
SEE CHART:

Regular readers will recall that the topic of the sudden plunge in liquidity at 3:50pm prompted none other than Goldman to highlight this curious phenomenon one month ago, when the bank said that "concerns remain centered around the final minutes of US equity trading sessions."
SEE CHART:
The extra liquidity found at the end of the day has been falling

Back in 2018, Goldman found that emini top of book depth was considerably stronger at the end of each trading day than earlier. However, in the past two months, ever since institutional investors stepped out of the market and left it to retail daytraders and systemic quants, this phenomenon has eroded considerably, leaving much less "extra" liquidity in the last half hour of trading, even before the coronacrisis. Weakened end-of-day liquidity was likely a potential contributor to the recent end-of-day volatility dislocation, Goldman concluded.
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We thought April data was bad. But May is downright catastrophic.

According to the latest remittance data by Trepp, the surge in CMBS delinquencies that most industry watchers were anticipating came through in May. After Trepp’s CMBS Delinquency Rate registered at 2.29% in April, in May the Delinquency Rate logged its largest increase in the history of this metric since 2009. The May reading was 7.15%, a jump of 481 basis points over the April number. Almost 5% of that number is represented by loans in the 30-day delinquent bucket.
SEE CHART:
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Deputy Treasury Secretary JustinMuzinich has an increasingly prominent role. He still has ties to his family’s investment firm, which is a major beneficiary of the Treasury’s bailout actions...

Muzinich & Co. Profited From the Government’s Actions
Muzinich & Co.’s largest fund, with over $10 billion in assets, jumped in value when the Treasury and the Federal Reserve announced plans to buy bonds
SEE CHART
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As analysts are forced to revert back to TSLA’s actual fundamentals – which include market share losses in both the EU and China – sentiment could be set to shift lower.
SEE CHART:
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Should the central bank refrain from embarking upon a prescription of tightening, a new type of economy will be born: the anti-productivity economy, comparable to Japan in the 1990s and China today...
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio


"The rights afforded under SB 939 would effectively rewrite every commercial lease in California."
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Let’s be clear: This sort of corporate control, which borders on pure fascism,has no place in a democracy.
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Crime has been down for decades, but incarceration is still sky-high and brutality cases keep tearing the country apart. Does policing in America need a fundamental re-think?
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"The president’s remarks to the governorsheightened our concerns about how the guard would be used."
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"Everybody's out and strapped... getting ready for the invasion."
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"Over some TVs..."
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"Everybody's out and strapped... getting ready for the invasion."
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1,600 active duty troops have moved from Fort Bragg and Fort Drum, to the National Capitol region, "but are not in Washington."
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"A lab escape is by far the leading hypothesis to explain the origins of Sars-CoV-2 and the COVID-19 pandemic."
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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

"NY  está totalmente fuera de control y a la Policía allí no se le permite hacer su magia"   https://actualidad.rt.com/actualidad/355314-trump-nueva-york-esta-totalmente-fuera-control
Rusia enumera los principales peligros en su estrategia de disuasión nuclear   https://actualidad.rt.com/actualidad/355260-rusia-enumerar-principales-peligros-estrategia-disuasion-nuclear
Los países del golfo Pérsico sufren la mayor crisis económica de su historia  https://actualidad.rt.com/actualidad/355268-paises-golfo-persico-sufren-mayor-crisis-economica
Un muerto y un herido en un tiroteo entre la Policía y un sujeto armado en N-York  https://actualidad.rt.com/actualidad/355310-reportar-tiroteo-nueva-york-dejar-heridos
De brutalidad policial al despliegue militar: siete días violentos en EE.UU  https://actualidad.rt.com/video/355273-brutalidad-policia-despliegue-militar-protestas
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VOLTAIRE NET ORG   https://www.voltairenet.org/en

by Thierry Meyssan
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por Thierry Meyssan
SOURCE:  https://www.voltairenet.org/article210043.html
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She discusses the postponement of the trial of the officer who killed George Floyd, the grassroots nature of the protests with no central leadership, corporations arguably feigning support for African Americans while suppressing wages and working with the security state, the militarization of US police, what would happen if Black Lives Matter protesters used the Second Amendment to arm themselves like white anti-lockdown protesters had
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Rage and destruction – fear and despair. How has the United States found itself in such a state of turmoil? Growing income inequality, systematic racism, or a poisoned politics – take your pick. What is the difference between a protest and a riot? Is it accurate to say the US is becoming a failed state?
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In this episode of the Keiser Report, Max and Stacy look at the societal carnage happening as the central banks continue to create more Cantillionaires by printing money for the few, while the many start burning cities as a sense of injustice and lockdown restlessness spreads. In the second half, Max talks to Tyler Lindholm, a state Congressman from Wyoming, about luring bitcoin entrepreneurs to the state with better legislation.
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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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