JUN 23 ND SIT EC y POL
ND denounce Global-neoliberal
debacle y propone State-Social + Capit-compet in Eco
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ZERO HEDGE ECONOMICS
Neoliberal globalization is
over. Financiers know it, they documented with graphics
Quite a
day...
- Navarro dump - US-China trade deal "is over"
- Trump pump - US-China trade deal "fully in tact"
- Kudlow pump - "absolutely, definitely" no second lockdown due to virus
- Fauci slump - "disturbing surge" in infections
- Fauci pump - "promising" vaccine is imminent
Which
of course ended with Nasdaq higher (for 8th straight day - longest streak since
Dec - and up 19 of the last 22 days)...NOTE how the Nasdaq was instantly bid
and Small Caps dumped at the cash open...
See Chart:
The
last time FANGs were this overbought, it did not end well...
See Chart:
Despite
equity gains, bonds were also bid in the belly of the curve...
See Chart:
Gold was bid most of the day
Pushing
to its highest since 2012...
See Chart:
The B-dollar
Index chopped up and down on the various headlines but ended lower on the day...
See Chart:
Big
roundtrip in WTI today ahead of tonight's inventory data...
See Chart:
Finally,
the S&P 500 trades at 22x next 12m consensus EPS and Tech at 25x...
See Chart:
Bonds
ain't buying it...
See Chat:
Nasdaq VS
10y Yield
And
gold's starting to flash red...
See Chart:
USD vs
FIAT vs USD vs GOLD
And in
case you wondered, since the start of May, the S&P 500 is up 250 points
during the overnight session and down 23 points during the day session...
See Chart:
S&P500 Absolute Performance since May
….
SOURCE: https://www.zerohedge.com/markets/bonds-bullion-big-tech-surge-headline-hockey-hammers-dollar
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...even if
COVID-19 disappeared today,
the economy isn’t going back to “normal.”
CHECK THESE SUBTITLES:
Past Speculative Frenzies
Past Speculative Frenzies
Is the present frenzy in recession different?
The optimists tell us that there is no frenzy.
The Pandemic
Exposes the Bubbles
….
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COVID-19
may have spread from China, but the COVID currency shock looks like it will be made in America...
A sudden
stop – long associated with capital flight out of emerging markets –
often exposes deep-rooted structural problems that can impair economic
recovery.
No country can afford to squander its saving potential – ultimately,
the seed-corn of long-term economic growth. That’s true even of the United
States, where the laws of economics have often been ignored under the guise of
“American exceptionalism.”
Thanks to the US
dollar’s “exorbitant
privilege” as the world’s dominant reserve currency, this borrowing is
normally funded on extremely attractive terms, largely absent any interest-rate
or exchange-rate concessions that might otherwise be needed to compensate
foreign investors for risk.
America is leading the charge into protectionism, deglobalization, and
decoupling. Its share of world foreign-exchange
reserves has fallen from a little over 70% in
2000 to a little less than 60% today. Its COVID-19 containment has been an
abysmal failure. And its history of systemic racism and police violence has
sparked a transformative wave of civil unrest.
Against this
background, especially when compared
with other major economies, it seems reasonable to conclude that
hyperextended saving and current-account imbalances will finally have
actionable consequences for the dollar and/or US interest rates.
To the extent that
the inflation
response lags, and the Federal Reserve maintains its extraordinarily
accommodative monetary-policy stance, the bulk of the concession should
occur through the currency rather than interest rates. Hence,I foresee a 35% drop in the broad dollar
index over the next 2-3 years.
[ZH: Is
that what gold is pricing?]
SEE CHART:
USD vs. Fiat & USD vs Gold
Shocking as that sounds, such a seemingly outsize drop in the
dollar is not without historical
precedent. The dollar’s real effective
exchange rate fell by 33% between 1970 and 1978, by 33% from 1985 to
1988, and by 28% over the 2002-11 interval. COVID-19 may have spread from China [ Xenophobia?] but the COVID currency shock looks like it
will be made in America.
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
COVID may be "less deadly" than originally thought and there may have been
as many as 8.7 million cases during the last three weeks of March, versus
roughly the 100,000 that were reported...
….
A
new study
out of Penn State indicates
that Covid-19 may have spread much
faster in the U.S. than first originally thought - and therefore is likely less
deadly than originally thought.
The initial rate of cases was likely undercounted due to testing issues,
asymptomatic cases and some cases with alternative symptoms, according to many
epidemiologists.
The study
"estimated the detection rate of symptomatic COVID-19 cases using the
Centers for Disease Control and Prevention’s influenza-like illnesses (ILI)
surveillance data over a three week period in March 2020."
SEE CHARTS
The study
estimated that at least 9% of the state of New York's population was infected
by the end of March. The state found a 13.9% infection rate after antibody
testing 3,000 residents.
SEE CHARTS
The study emphasizes that the spread
of the virus may be a far better focus than its death rate. It also concludes
that the virus could have been here in the states and working to infect earlier
- and quicker - than anticipated.
….
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No noose is good noose...
====
Polluting the environment plus
insane intentions
"A more recent
test with AF-6 was carried out on Apr. 2, 2020..."
====
Well-intentioned BLM supporters are getting had. The majority of those either
using the BLM phrase or supporting the organization are being used on behalf of a violent, chaotic
insurrection...
“You can’t make an omelet without breaking eggs” I n George Orwell’s day — the 1930s — that’s
what supporters of violent, Marxist revolution often said in justification. [ Violence from the top creates violence from the bottom ]
Orwell, the author of Nineteen Eighty-Four, had a simple
response: “Where’s the omelet?” [ Purpose:
keeping ruling power vs. Radical Change ]
An honest look at the omelet offered by Black Lives Matter is long
overdue, particularly for BLM Chicago.
What do they want? Do its supporters and apologists know?
Where’s their omelet?
One thing BLM says should be universally accepted, though for different
reasons. “Silence is violence,” they say.
Indeed it is.
If the two-thirds of Americans who believe all lives matter continue to
remain silent,expect more violence from many causes.
·
Racism will surge thanks to passions
deliberately inflamed by identity politics.
·
Poverty will soar as businesses flee Chicago and
other big cities.
·
Shrunken budgets and emptied prisons will
overload police departments.
·
The Ferguson effect will
embolden thugs, initially, but bad apples in the police will later respond with
a vengeance.
·
And trained Marxists will pursue their dream
of VIOLENT
INSURRECTION.
THERE’S YOUR OMELET.
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It’s
been decades since anyone took conflicts of interest seriously
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One more threat to make the polluted environment worse
...gas resources around the world will see development
delays, with the construction of planned regasification facilities also at
risk. Coal may benefit as a result.
====
A CHANCE FOR A 3RD OPTION to DEFEAT
ABSENTISM
Hugo Adan
6/23/20
====
US coronavirus cases climbed just 1.1% on Tuesday, less than
yesterday
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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
A peaceful exit from power is that we want
from Trump. But it is a threat if said by T
Biden campaign seized on the
statements, to which Trump responded:"I would only meet with Maduro to discuss one
thing: a peaceful exit from power!"
----
It is an insulting threat that carries implicit the attack of National
sovereignty of the State-Nation of Venezuela.
For respect to himself & his country, Maduro should not accept such
conversation. Just get ready to respond
any attack from the US with the support of RU and China. It is the conversa
Maduro needs asap Besides: VEN oil is not in sale. Then: Maduro
conversation with Trump must be declared: CANCELED.
====
"This is a big..."
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SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
-
Group of Republicans, Who Claim Trump is a
'National Security Risk', Set to Endorse Biden - Report
- US
Union Strike Against Police Brutality Shows ‘Connections Between Racial
Justice, Labor Justice’
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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 NET
ORG
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INFORMATION
CLEARING HOUSE
Deep on the US political crisis:
neofascism & internal conflicts that favor WW3
- How Bolton, Neta n Pompeo sabotaged talks
with Iran By Amir Tibon
-
Biden And His Ventriloquists Keep Out-Hawking
Trump By Caitlin Johnstone
-
Cancelling America By Paul Craig Roberts
-
Massive Uprisings Confront White Supremacy By Marjorie Cohn
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VOLTAIRE
NET ORG https://www.voltairenet.org/en
News in Brief
When Italy was hit by the Covid-19
pandemic, she called out for help but the European Union failed to respond. For
its part, Germany callously banned the export of masks.
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CROSS
TALK https://www.rt.com/shows/crosstalk/
It is fair to say many of the
protesters on the streets of the US want social justice. Nominally speaking,
their message is a positive one. It’s how that message is translated into
concrete political demands that’s the problem. And what happens if you don’t
agree with those political demands?
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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
- Trump
Attacks Anti-Fascists But Is Silent on Boogaloo & Far-Right Groups Engaged
in Deadly Violence
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