JUL
30 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
No federal bailout or stimulus can reverse
these three dynamics,
and no amount of legerdemain can replace the spending of the top 10%...
See chart:
The top 10% has largely escaped the
significant financial hits cutting a swath through the bottom 90%, but that's
about to change.
Three factors could materially suppress the
future consumption of those responsible for 50% of all consumer spending.
1.
Age-related caution about exposure to the virus.
2. As
corporate revenues and profits continue sliding, the managerial / tech class
will start getting culled.
3.
The wealth effect is about to reverse as
the Everything Bubble finally pops.
All the bright spots of consumption fueled by top 10% spending--rising
sales of second homes, RVs, home remodeling, etc.--are based on the incomes and
wealth of the top 10% never materially declining. But
how realistic is it to reckon a rotten-to-the-core economy dominated by greedy
monopolies and cartels and looted by financier skims that is finally in an
inevitable free-fall would magically leave the top 10% untouched?
See Chart:
How realistic is it to reckon that the Everything Bubble would
magically continue inflating forever when history is conclusive that all
bubbles pop?
See Chart:
No federal bailout or stimulus can reverse
these three dynamics,
and no amount of legerdemain can replace the spending of the top 10%.
….
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A re-weakening in jobless claims data (confirming no
v-shaped recovery), a record-breaking collapse in GDP and consumption
(admittedly backward-looking) and Trump tweet hinting at election delays all
spoiled the party early on in US equity land but around 1030ET 'someone'
decided this mini-dip was for buying and everything surged ahead of tonight's
mega earnings data. Only Nasdaq managed gains on the
day, however with The Dow the biggest laggard...
See Chart:
The bounce appeared to be triggered
by a technical test by The Dow of its 200DMA and 50DMA...
See Chart:
The Fed better be ready to do some
more buying...
See Chart:
FANG Stocks rallied intraday ahead
of tonight's earnings, bouncing off unch for the week...
See Chart:
The B-Dollar Index continued its
pattern of gains in Asia and weakness in Europe and US sessions...
See Chart:
Gold and Silver were spooked briefly
higher on Trump's tweet but retreated to end the day - unusually - lower...
See Charts:
Treasuries were bid with the
long-end outperforming (30Y -4bps, 2Y -1bps), 10Y is outperforming on the week...
See Chart:
Pushing the entire yield curve to record low yields...
See Chart:
As Stocks remain near record highs...
See Chart:
With 10Y back at the spike lows from
the very worst of the market collapse in March...
See Chart:
And before we leave rates ville, we
note that the Dec 2021 Fed Funds futures is implying a -3bps rate... easing
since The Fed yesterday...
See Chart:
And finally, ahead of tonight's
earnings-pocalypse, a quick look at the big tech names vs their consensus EPS...
See Charts:
Notice any similarities?
….
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...a more honest answer is that monetary mischief can cause a lot of pain to a lot of people before
"we're all dead!"
About 60 years ago, Sen. Everett Dirksen (R-Ill.) uttered the famous
quip, “A billion
here, a billion there, and pretty soon you’re talking about real money.”
Has politics in Washington changed much in the six decades since? Yes
and no. No, the same cavalier attitude about spending other people’s money
rages on unchecked. Yes, the scale has changed drastically. Today the
refrain is, a trillion here, a trillion there.
“Trillion” is a simple word. It rolls
effortlessly off the tongue.
The first time the entire GDP of the country
exceeded $1 trillion, John Kennedy was president. The first time the national debt reached
that sum, Ronald Reagan was president. Today, the national debt has soared to
over $26 trillion. This
summer, Uncle Sam set a record by spending over $1 trillion in a single month.
CONTINUE Reading at:
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Short News on
Economics:
Clearly those trillions in stimulus payments were put to good use:
buying iPhones instead of paying rent.
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Another quarter in which the online retailing monopolist crushed
expectations.
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
Your live matter.. not the assault rule: la vida o la muerte
Indeed, it’s a dangerous time for anyone who still clings to the idea that freedom means the
right to think for yourself and act responsibly according to your
best judgment...
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Our Economy won’t collapse: we can
transfer to life all military money. it creates death
The
unintended consequence...
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In short, the infamous herd
immunity was
much closer than previously realised...
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DOES ANARCHISM IMPLY VIOLENCE AND CHAOS?
Hugo Adan
7/30/20
I agree with the title of this article , BUT…
RICKARDS:
AMERICANS SHOULD FEAR THE "ANARCHY FROM ABOVE" “A government may grow
anarchic as much as a people?..."
….
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Unheard of formal admission that America's nuclear
arsenal is subject to errors and
'mistakes'...
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"With payments now expiring, workers instates with low maximum benefit amounts will suffer the biggest shock..."
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The
crisis under which the world is presently suffering is the crisis of interventionism and of state
and municipal socialism, in short the crisis of anticapitalist
policies...
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PM BoJo
expands partial lockdowns across Northern England...
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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
"the importance of NATO, any alliance... sharing the burden so we can all deter Russia
and… AVOID PEACE in Europe."
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It is clear, that these institutions value the health of powerful corporations at the expense of the health of
the population and the state of the environment..
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Main
Israeli broadcaster says IDF expectes "second attack" by Hezbollah in
next 48 hours...
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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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THE REST FOR TOMORROW
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