JUN
4 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 Nasdaq 100 reached a new
all-time record high today... because, fun-durr-mentals...
See Chart:
...No, This is The Fed!!
See Chart:
FED Balance Sheet
This is the greatest 51-day surge in
stocks since June 1933...
See Chart:
1. What
is driving the swift recovery of equities?
a) Fed – 73%
b) Earnings Optimism – 0%
c) Labor market recovery – 6%
d) Further fiscal stimulus – 5%
But, after the Nasdaq 100 tagged
all-time record highs, sellers were quick to appear...
See Chart:
DEBACLE
Airlines exploded higher today -
seriously, come on!!!
See Chart:
Here's why! Because they are the 4th
and 5th most widely held stocks on Robin hood...
See Chart:
Here's what JPMorgan's Baker said: "investors appear to be confused on
AAL today."
While stocks slipped, Bonds were
also dumped with a significant steepening intraday...
See Chart:
UST With the 10Y back above 80bps...
See Chart:
SI ESTO ES CIERTO: TRUMP CAN WIN HIS RE-ELECTION
BUT equity momentum is significantly underperforming value,
reverting back to yields...
See Chart:
Momentum /Value vs.
UST 30 Y Yield (DAWN)
AND The B-dollar Index was dumped
yet again today (after some gains overnight)...
Si con el
dollar se va a comprar cada vez menos,
difícil que lo re-elijan
As the dollar slid, gold rallied
back above $1700...
See Chart:
Finally, Bloomberg's Eddie
van der Walt points out that raw material and equity prices have become
severely disconnected. A correction will probably
entail both lower stocks and higher commodity prices.
See Charts
Ratio of Nasdaq To Commodities
The Nasdaq Composite Index is trading at a 152x multiple of
the Bloomberg Commodity Index, surpassing even the highs seen during the Dot
Com bubble. The average since the end of 2001 is nearer 37. That divergence
stems from the Nasdaq approaching record highs set earlier this year while
commodities languish near pandemic-crisis lows.
And then there's this utter
bullshit... Small Caps are the most overvalued... ever... by a bloody mile!
See Chart
Small CAP (S&P 600 ) forward PE
Ratio
….
El
equilibrista sigue en la cuerda floja (ver mi cuentito corto N58) “El Condor
Pasó y se lo llevó” Este cuentito lleva
la música ‘El Condor Pasa’ , es lo que más gusto en familia
….
As a reminder - this is what none
other than Jay Powell said in 2012:
"I think we are actually at a point of
encouraging risk-taking, and that should give us pause. Investors really do understand now that we
will be there to prevent serious losses. It is not that it is easy for them to
make money but that they have every incentive to take more risk, and they are
doing so.
Meanwhile, we look like we are blowing
a fixed-income duration bubble right across the credit spectrum that will
result in big losses when rates come up down the road. You can almost say that that is our strategy."
Trade accordingly.
….
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The dot com
bubble was for amateurs.
As the
Bloomberg commodity analyst notes, the
Nasdaq is trading at a 152x multiple of the Bloomberg Commodity Index,
surpassing the highs seen during the Dot Com bubble by almost a factor of two!
SEE CHART
In other words, the bulk of newly
created liquidity has flooded into stocks even as commodities - which tend to
be a far better representation of the overall economic state - languish.
The average ratio since the end of 2001 has been nearer 37.
That divergence stems from the Nasdaq approaching record highs set
earlier this year while commodities languish near pandemic-crisis lows.
As vander Walt concludes, "And while the tech-heavy shares in the Nasdaq aren’t big
consumers of industrial metals and oil, this matters because it shows just how
disconnected stock prices have become from the real economy. Something has got
to give."
….
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"IT'S
PRETTY OBVIOUS THIS WILL END BADLY": IN HISTORIC REVERSAL, GRANTHAM'S GMO
GOES SHORT US STOCKS
"If
you look back in two to three years and this market turns around and drops 50
per cent, the history books will say ‘That looked like one of the great
warnings of all time."
With retail investors taking
over the extremely illiquid market, resulting in crazy intraday
swings where the horde of robin hood retail traders
alone can send a stock soaring (and tumbling)...
SEE CHART:
….
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Only when
mobility increases more than halfway back from full-lockdown levels to
pre-lockdown levels is there a risk of the reproduction number moving back
above one
As governments ease lockdown
restrictions, attention is focused on the risk of a second wave of COVID-19
infections. And, as JPMorgan writes, "the message from most people is: so
far, so good, although as everyone also recognizes the lags with COVID-19 are
long, so that three-to-four weeks need to pass in order to see how easing
restrictions will impact new infections."
The bank's conclusion: "A second wave of COVID-19 infection may or may not come to
Western Europe. But it is much too early to assume that it won’t."
SEE CHARTS
One final note: we are confident that the largest US bank being one of the
biggest beneficiaries of a new round of massive QE to be launched by the Fed if
and when a second wave hits, had almost no impact on this
analysis.
….
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
WE CAN’T CURE EVIL BY USING MEANS
THAT BROUGHT IT ABOUT
By Hugo Adan
6/4/20
ONE MORE BLACK or
CIVILIAN MAN DEAD?
The AP just published new
information about the officer who was attacked in Brooklyn. The officer was on an anti-looting patrol when he was
attacked. The attacker was shot, as were
two officers who were with the victim. The suspect is in
critical condition after being "shot multiple times".
….
….
MY COMMENT:
In most looting cases the civilian
is not armed and they don’t go to stores to find police in uniform to shoot
them.
It is in
reverse, the police come to stores to defend
the owner of the store. [Besides, there is not evidence that the thief was
armed. Check the store camera].
What happens now is that the police
is only prepared to shoot civilians not to dissuade or using martial arts to
reduce the thief.
SO THE CASE TODAY IS SIMPLY ANOTHER
INHUMAN CRIME, IF the thief dies
That is why we said that the police
have to be re-organzed. We can’t cure the evil by using
the means that brought it about. IF the Police don’t accept
re-organization.. Trump proposal to cut their budget
is OK.
What about
the army? They are also trained
to kill civilians, not to solve the problem of looting stores. If they use
their arms to kill the poor in America (a thief is an unemployed person, not a
rich person) they are anti-americans using war tactics
Agst foreing invaders, but now Agst our Nation.
So, the
army is committing a crime Agst humanity. IF they are not processed with
Laws, then the civilian has the right to arm brigades of snipers to DEFEND
THERMSELVES .
OF COURSE
the good soldiers of America will not shoot other Americans to protect the
re-election of a current President.
We saw in US ex-militaries using their ex- uniform to defend
people’causes.
We can see later on
militaries in exercise assuming the
defense of real American causes. ]
….
….
Here
continue the art: NYC
PUSHES $1.1 BILLION CUT TO NYPD BUDGET AS NINTH NIGHT OF DEMONSTRATIONS BEGINS
Washington and Los Angeles lifted
their curfews, while a bipartisan pair of lawmakers asked for a
"briefing" on violence at the protests.
NYC's
Police Commissioner Dermot Shea replied that the city "absolutely"
doesn't need the military to come help suppress the violence.
Meanwhile, the push to cut police
department budgets his beginning with NYC Comptroller calling for a $1.1
billion reduction in spending on the NYPD over the next four years. Given the
drop in local tax revenue, we imagine that many departments - though mostly
urban departments that probably could use the manpower, while suburbs continue
their longtime trend of over policing.
Not only is Washington DC Mayor
Muriel Bowser scrapping a curfew for Thursday night (since there were no
arrests among the peaceful protesters who gathered in the city, she's also calling for all national guard troops from other
states to be withdrawn from the capital district immediately
….
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"...drive to vilify others
will intensify if economic conditions get worse, which is increasingly
likely when monetary policies don’t work well...It is tough to keep a democratic society operating
in an orderly way under such conditions."
====
“Coronavirus hasn’t been a
thing since Friday... The new story is racism.”
====
Sorry Bolsonaro..
Trump recommended, you use it & BRA got its highest CV rate
"We
deeply apologize to you, the editors, and the journal readership for any
embarrassment or inconvenience that this may have caused."
….
RELATED:
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ONCE IDENTIFIED.. they use the nee .. to make them sleep..
forever
Countless warnings about how law enforcement could
use contact tracing apps to monitor people have gone unheeded...
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The current travesty of a mockery of a sham system will
fragment no matter how desperate the looters, parasites and predators are to
maintain their swag.
That which has failed is unsustainable, no matter how many trillions the
Federal Reserve tosses against the tides of history. The
current travesty of a mockery of a sham system will fragment no matter how desperate the looters, parasites and predators
are to maintain their swag.
SEE CHART:
….
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“You never change things by fighting the existing reality. To change something, build a new model that
makes the existing model obsolete...”
Ideas For A Righteous Revolution
Elements of
a righteous revolution for our modern era could include:
1.
Boycotting
The Big Banks
2. Living Debt-Free
3.
Converting
The Media
4. Exposing The Villains
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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
NO moral basis to criticize HR in other countries, but press
freedom prevail. Here it is
This year marks the 31st
anniversary of the Tiananmen Square Massacre. Will the current
Chinese leaders redress the issue and bring Jiang Zemin to justice for his litany of crimes?
====
Back in the
US, NY just said it would allow
"drive
thru" graduations to proceed...
====
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
-George
Floyd Riots Connected Less to COVID-19 Stress & More to Repeated Injustice,
Psychologist Says
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
====
ALAI ORG
RT
EN ESPAÑOL
Protestas y uso de gas lacrimógeno contribuiría a propagación
del CV https://actualidad.rt.com/actualidad/355572-agencia-salud-eeuu-protestas-poder-caldo-cultivo
Brasil se convierte en el tercer país del mundo con
más muertes por coronavirus, https://actualidad.rt.com/actualidad/355574-brasil-convierte-tercer-pais-mundo-muertes-coronavirus
Captan cómo un policía estrangula a un joven durante
las protestas en US https://actualidad.rt.com/actualidad/355455-graban-policia-practica-estrangulamiento-joven-afroamericano
Brutalidad policial contra periodistas que cubren
las protestas en EE.UU https://actualidad.rt.com/video/355556-brutalidad-policial-periodistas-cubren-protestas
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
-Why America’s revolution won’t be televised By Pepe Escobar
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VOLTAIRE NET ORG https://www.voltairenet.org/en
On 2 June 2020, the medical journal
The Lancet (Elsevier group) put out a cautionary notice regarding an
article it had previously published on the dangerousness of hydroxychloroquine
in the treatment of Covid-19 [1].
On its
part, in a recent article, The Guardian highlighted the flimsiness of
the study’s basic data, provided by US analytics company Surgisphere [2].
Others involved in the study but
who are not affiliated with Surgisphere [3],
have requested an investigation into the origin and reliability of the data
which was used.
The
Lancet has indicated that it is awaiting the
outcome of the investigation before pronouncing itself on the reliability of
the study [4].
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CROSS TALK https://www.rt.com/shows/crosstalk/
Veterans
and ex-military personnel are criticizing Trump’s decision to deploy US troops
against peaceful protesters. A look inside George Floyd’s memorial service held
in Minneapolis. And groups are calling for the United Nations and other international
groups to address the human rights crisis taking place in the US.
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The
downward spiral: according to some sections of the media, the civil unrest in
America is the result of systemic racism. This explains the protests and the
rioting… Or does it? The commanding heights controlling the financial system,
media, and the business world are loath to admit that the economy is to blame.
For them, race always trumps class.
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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
-Tamika
Mallory: Nationwide Uprising Against State Violence Shows People Have Reached
Breaking Point
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