JUL
31 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
Mission Accomplished:
Hey @federalreserve you
did it, you officially blew the biggest bubble ever:
All-time high monthly close in S&P 500
All-time low 10Y yield close
All-time high in gold pic.twitter.com/zjC7wd5o8J
All-time high monthly close in S&P 500
All-time low 10Y yield close
All-time high in gold pic.twitter.com/zjC7wd5o8J
— zerohedge (@zerohedge) July
31, 2020
Stocks managed gains on the month
(4th month in a row) - Nasdaq best, Dow worst...
See Chart:
And note that despite the epic surge in the mega tech stocks
overnight... Yes, that is AAPL up 10%!! (GOOGL
-4%)...MSFT managed to rally back to unch after rumors of it buying
TikTok...
See Chart:
Apple is
up $170BN today, more than the
market cap of Oracle, more than the GDP of Hungary; Apple's value increase
today would be the 33rd biggest company in the S&P500.
Nasdaq was not a one-way
street today as CNBC stunningly remarked "nasdaq has now gone
negative which is quite interesting..."
See Chart:
And you have to laugh at this - The Dow
scraped by today... as AAPL's insane squeeze higher dominated the rest of the
entire index...
See Chart:
BUT, it
was in currency, commodity, credit, and crypto land that the real fun and games
took place.
Bonds were bid pretty much all month
with the long-end notably outperforming...
See Chart:
... and
pushing to new record low yields...
See Chart:
Some highlights:
- 2Y Treasury yields fell for the 8th month in a row
- 30Y Treasury yields fell for the 5th month this year
- 2s30s Curve flattened by the most since August 2019
See Chart:
UST
2Y-30 Y YIELD SPREAD
Still a long way down for stocks if
bonds are right...
See Chart:
Nasdaq vs UST
10 Y Yield
Gold and silver screamed higher on the month.
- Silver's best month since 1979 (when the Hunt Brothers tried to corner the market)
- Gold's best month since 2011
Spot Gold
reached a new record above Sept 2011 and
Futures topped $2000...
See Chart
Spot Silver's at its highest since
June 2013...
See Chart:
Oil's up for the 3rd month in a row,
but has largely trod water all month...
See Chart:
And helping all these assets rise in value, DXY Dollar Index suffered its
biggest monthly drop since 2010...
See Chart:
Did Washington mess with the 'money'
one too many times?
CHART BLOCKED
Finally, we note that 'soft' survey
macro data has surged full of hope to a region that has not ended well in the
recent past
See Chart:
‘Soft’ Macro Surprise Index
FED Balance Sheet: Better keep pumping...
See Chart:
Remember, Diversify, Diversify,
Diversify... oh wait!
See Chart:
EVAPORATION of DIVERSIFICATION
WE'VE SEEN THIS BEFORE...
See Chart:
So - summing up July - Stocks up, Bonds up, Gold
up, Silver up, Oil up, Crypto up, Dollar Down (along with Fed credibility.)
….
----
----
...citing
"ongoing deterioration in US public finances and the absence of a credible fiscal consolidation
plan..."
The U.S. sovereign rating is supported by structural strengths that
include the size of the economy, high per capita income and a dynamic business
environment.
The U.S. benefits from issuing the U.S. dollar, the
world's preeminent reserve currency, and from the associated extraordinary
financing flexibility, which has been highlighted once again by developments
since March 2020. Fitch considers U.S. debt tolerance to be higher than that of
other 'AAA' sovereigns.
However, the Outlook has been revised to Negative to reflect the ongoing
deterioration in the U.S. public finances and the absence of a credible fiscal
consolidation plan.
The U.S. had the highest government
debt of any AAA-rated sovereign heading into the crisis, and Fitch expects general government
debt to exceed 130% of GDP by 2021.
The main factors that could,
individually or collectively, lead to a positive rating action
·
Public Finances:
adoption of a set of policies consistent with a protracted reduction of the
debt/GDP ratio after the pandemic shock.
What will
this move do to gold? Or has it seen
this coming for a while?
SEE CHART:
US Dollar
vs. Fiat and USD vs GOLD
….
----
----
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
THE GOVT NEED YOUR
SUBMISION AT WHATEVER COST:
Are you ready for this week’s absurdity?
====
... the financial dominoes are
going to start to fall at a pace that is absolutely breathtaking.
====
Citizens On
Patrol...
….
RELATED:
This is a nice PEOPLES’ VICTORY
...calling not only for the university tocut ties with city police, but also todefund and disarm its own campus police.
====
...the kings are still
among us, just as cruel and tyrannical as ever. They’ve justfigured out how to mask their tyranny behind
the facade of freedom...
====
Nation’s SEC doesn’t depend on nukes. It promote WW3 &
US & world LIFE IS AT RISK
What
do The Dark Knight Rises, Back to
the Future, Oblivion, and Interstellar have in common?
====
Get out from PAK, we don’t have business there but war. What
they did fits d context
US Embassy outraged after allegations gunman had inside help from police to
smuggle the gun into court...
====
CV-19 won this war and Trump Administ lose it. We invested
in weapons not in Health
Texas has
reported nearly 1,000 deaths in 3 days...
====
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
The steady rise
in U.S. strategic competition with the People’s Republic of
China (PRC) over trade and the South China Sea already has so many dimensions that it is sometimes easy
to ignore shifts in the PRC’s behavior in other areas.
====
While such socialistic
policies sound great in theory, history, and data, show it isn’t
the economic savior it is touted to be.
====
Violates
long-term unofficial US aim of keeping defense tech edge exclusively in
Israel's hands...
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
- Tennessee Pastor Tests Positive for COVID-19
Shortly After Attending White House Meeting With Trump
----
----
The rest has been done in part 2
of previous report.
====
====
