JUL 3 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
One more prove of FAKE ECONOMY
"An older generation continues
to make sales via mutual funds and ETFs; a younger generation continue to trade
stocks like it’s 1999."
Back in 2019 we posted on several
occasions that a "conundrum" had emerged in the stock
market: with equities hitting new all time highs, especially in the last
quarter after the Fed
re-launched QE to bailout a bunch of basis trading hedge funds under the
pretext of saving the repo market, equity outflows soared to all time highs...
SEE CHART:
Global Equity & Bond funds flows
... as investors fled risk assets
realizing that the market was unsustainable high and artificially propped up by
the Fed (as a reminder 2019 saw zero earnings growth and all the equity upside
was thanks to multiple expansion).
SEE CHART:
Fast forward to early May when the
"conundrum" made a triumphal return, because as BofA reported even as
stocks were soaring, investors once again fled into cash, allocating tens of
billions to money markets...
SEE CHART:
Cash continue to pile up
In fact, a look at fund flows among
various asset classes, shows that stocks are the only class that has suffered
pretty much constant outflows, while new capital has been allocated to gold,
bonds (both IG and HY), and most of all cash.
See Chart:
YTD flow winners & losers
So how is
the current situation different? The
answer comes courtesy of Goldman's head of hedge fund sales, Tony Pasquariello,
who writes that while in total retail investors are dumping stocks, that is not
true for all retail investors, where a very clear generational divide has
emerged.
Here are his latest observations:
The
bifurcation continues within the retail community: an older generation continues to make sales via mutual funds and ETFs (link);
a younger generation continue to trade stocks like it’s 1999 (“free
trades, jackpot dreams lure small investors to options”).
SEE CHART:
Net Investors US Equity Future Positions
At some point, the $64,000 question is... Where are we in the retail
cycle? Having lived through the late 90’s, I tend to think the recent
euphoria can persist a bit longer.
In other words, even
Goldman now sees the ghost of the dot com bubble re-emerge, AS OLDER AMERICANS SCRAMBLE TO LIQUIDATE STOCK BY SELLING
TO THEIR VERY OWN CHILDREN.
The Fed's reputation
and the entire capitalist way of life, including the dollar as a global reserve
currency on pushing stocks even higher, this may be the
one time when retail investors not only outperform hedge funds - and the
S&P500 - as they have been for much of 2020...
SEE CHART:
Retail
favorites vs. S&P500 Index vs. Hedge
Found Index
... but
also the baby boomers who can't sell stock fast enough to their own children.
Or then again, maybe
this time won't be different.
----
----
The equity market is priced for a
"pandemic-free" economy. But pandemics are not solved by equity
market recoveries but instead by medical science ability to find a cure.
SEE CHART:
Citi US Econ Surprise Index
====
Meanwhile the Fed is buying around
$350MM in corporate bonds/ETFs every single day.
SEE CHART:
Fed Balance sheet: weekly change
As shown in the chart below, the
total amount outstanding in the swap lines, designed to ease a surge in demand
for U.S. currency in the participating banks’ jurisdictions during the early
weeks of the crisis, was the lowest since early April.
See Chart:
Central Banks Liquidity Swaps
Meanwhile, with the S&P500
closely tracking the Fed's balance sheet in the past three months, which has
served as the primary factor behind the rebound in the market, the latest
weekly drop coincides with the period of heightened volatility in the past
three weeks.
See Chart:
Fed Balance Sheet vs. S&P500
https://www.zerohedge.com/s3/files/inline-images/fed%20BS%20vs%20SPX%20june%202020.jpg?itok=GarjQwIp
The shrinkage comes at a time when
the Fed's monthly liquidity injection has been tapered
to approximately $120 billion, which suggests that while the balance sheet
is likely to resume growing in the next week, it will be at a more gradual
pace.
See Chart:
Finally, those keeping track of how much corporate bonds the
Fed has bought, the latest total for the Fed's Corporate Credit Facilities LLC
which includes purchases of both ETFs and corporate bonds, the Fed disclosed
that as of June 25, there was $9.7 billion in book value of holdings (the Fed
does not break out how many actual bonds it has bought vs ETFs), an increase of
$1.4 billion from the $8.3 billion a week prior. Which
means that the Fed continues to buy around $300MM in corporate bonds and/or
ETFs every single day.
See Chart:
….
----
----
US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
"It's
good to pause every year and
think about how we are completely
and utterly dependent on the government for everything,"
====
"25+ Nat' l Guard soldiers met the blockade line with
riot shields & helmets."
====
America is heading for SOCIALIST REV & this transition will be pacific, not violent
...of course
it is.. FALSE!
====
Our transition to radical change will be like FDR REV during
the 1st recession, that is: via NEW DEALS or negotiations with our NATION at local-regional level. IT could
be similar to Tito’s REV in
ex- YUGOSLAVIA, started
with People Assembly or REFERENDUMS
at local- regional level and THEN
supported by a MILITARY COUP against reactionary sector of the
military. In AMERICA we have also sectors of our
Military who are Agst neoliberal assault by billonaires on our Economy. They could quit with arms to join the US REV and
THEN they will be followed by top Commanders of the
National Army. American REV could
be also an anti-Bolshevik REV, unless fascist militarism forced a violent response. OUR
REV WILL BE CREATION OF OUR NATION, NOT COPIED FROM ANY PREVIOUS REV.
----
----
What are the most likely risks for the world over
the next year and a half?
….
Our experience
with RENDESIVIR dejo una grata
sorpresa, pero también una muy ingrata . Lo grato es saber
que el Gbno tiene interés en frenar el posible ataque de la nueva pandemia en
curso. Compro casi el 100% de lo producido hasta ahora y tiene planes para
comprar el 90% de lo que se produzca en Agosto y Sep. El
Remdesivir es un antiviral desarrollado para combatir el ébola, pero su
eficacia en China no mostró efecto muy significativo en una muestra con 237
pacientes infectados con el nuevo virus. Esperan tener a mediados o
fines del mes de Julio el Rendesivir final. Mientras tanto, la compra US de este anti-viral permite atender medio millón de paciente con
cuadros graves de COVID-19, pero a un costo de 3.200 dólares. Es la privatización
de la venta de este anti-virus in
America lo que se considera muy ingrato
en esta sorpresa. Los que no tienen cobertura completa de salud no tendrán acceso al anti-virus.
Lea al
respecto “Remdesivir: acaparamiento inmoral e inhumano por parte de EE.UU.” at: https://rebelion.org/remdesivir-acaparamiento-inmoral-e-inhumano-por-parte-de-ee-uu/ Por Editorial de La Jornada |
03/07/2020 | EE.UU
====
“Pandemics
like this can provide fertile
ground for creative minds to think about how to do things
differently.”
SEE CHART:
Viral Tech:
Usinf Molecular spikes to rupture viruses on surfaces
See more figures at:
====
Thus, in
the American traditions of freedom, liberty, and independence ... Create something new and according to your own rules. .. The U.S. economy,
and by extension the world economy, has reached a boiling point. You can
see it. You can feel it. You can hear it. You can smell
it. You can taste it.. BUT, with a little luck, you’ll be contributing to a “gale of
creative destruction” that blows through the status quo like a Midwestern
tornado.
====
“It highlights the larger issue of how difficult it is to make ends meet.”
====
"To
address the fundamental injustice,
cruelty, brutality, and inhumanity of slavery in the United
States... and to establish a commission to study andconsider a national apology..."
====
With thIs rise comes the rise of REV.. then dis-inflate or die is
right slogan
...inflate or die?
====
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 Syrian
Army and the National Defense Forces have put their forces on high alert in response to the new round
of aggressive actions by the
Turkish Army and its proxies in northeastern Syria...
….
IF turkey allies
from NATO don’t interfere they will be finally out of Syria. IF NATO interfere
Turkey may be demolished & out of
the Map. IF US help Turks before demolition,
it won’t stopped demolit & US
lose. Bye Bye RU weapons.
====
We expect too much from China while giving zero
credit to them
But real-time indicators tell a different story. Yea
sure
….
I don’t clap
dishonesty & lack of reciprocity
SEE CHART
JUST STOP US XENOPHOBIA
====
SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
----
----
NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION
====
GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
----
----
DEMOCRACY
NOW
Amy Goodman’ team
-“What to
the Slave Is the 4th of July?”: James Earl Jones Reads Frederick Douglass’s
Historic Speech
====
====
No hay comentarios:
Publicar un comentario