miércoles, 8 de julio de 2020

JUL 8 20 ND SIT EC y POL



JUL 8 20 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco


Cuomo says schools in his state in certain areas will be allowed to reopen on July 10 (with proper precautions) as parts of the state enter 'Phase 4' of the reopening.
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ZERO HEDGE  ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics


The B-dollar Index DOWN. It was dumped overnight (following chatter of US attacks on the HKD peg) and extended losses during the day...
See Chart:

"I love the smell of burning credibility in the morning..."
CHART  BLOCKED

And gold spiked further (spot back above $1800)...
See Chart:

Chinese stocks were up again overnight...
See Chart:

TSLA dared to drop today
As Nasdaq pushes on to record-er and record-er highs, the median US stock is back near two-month lows...
See Chart:

Stocks and bonds remain gravely decoupled...
Treasury yields down though were very modestly higher today (2Y unch, 30Y +1bps) remaining lower on the week at the longer-end...
See Chart:

WTI dropped right after the unexpected (and large) crude build but the machines rejected that and sent it back above $41...
See Chart:

Finally, we ask, is the world losing faith in fiat?
See Chart:
USD vs FIAT  and  USD vs Gold
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This is madness.
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Those who have been following the record surge in US public debt (excluding the roughly $100 trillion in off-balance sheet obligations), which exploded by $3 trillion in just the past three months and hit an all time high $26.46 trillion on Tuesday, will likely have some inkling that the US budget deficit in June will be staggering.
See Chart:
Total US Debt

We can now confirm that: in its preview of the June budget deficitthe CBO reported that last month the US spent a record $1.105 trillion, an increase of $763 billion from last year...
See Chart:
Federal Gvt Expending

... while receipts shrank by $92 billion from a year ago to $242 billion, which on an LTM basis was $3.1 trillion, an 8.3% decrease Y/Y, the largest since the financial crisis and clearly confirming the US is in a recession.
See Chart:
Federal Govt Receipts  (12 Million Rolling) Y0Y

This means that the June budget deficit was a mind blowing $863 billion, an increase of 101x compared to the $8 billion deficit in June of last year.
See Chart:
Record $863 Bill Deficit

Putting June's deficit in context, it was greater than the full year deficit recorded in 2018, and in fact in any year from 2013 to 2017. It is also just $120BN shy of the $984BN full year budget deficit recorded last year when so many fiscal conservatives slammed Republicans for going crazy with spending on Trump's tax cuts. Little did they know what was about to hit.

SOME MORE DETAILS ON THE BREAKDOWN.
Outlays by the Small Business Administration increased from $80 million to $511 billion.
Outlays for unemployment compensation increased from $2 billion in June 2019 to $116 billion this year.
Outlays for the Public Health Social Services Emergency Fund totaled $14 billion this June
Outlays from the Department of the Treasury’s Exchange Stabilization Fund increased from –$29 million to $9 billion
Spending for Medicaid was $9 billion higher this June than last June for three reasons
Spending for the Food and Nutrition Service was $5 billion higher—$13 billion in June 2020 compared with $8 billion in June 2019
Outlays for the Coronavirus Relief Fund, authorized by the CARES Act to provide grants to state, local, tribal, and territorial governments to offset pandemic-related expenses, totaled $3 billion in June
Outlays for the Department of Education rose by $44 billion
Payments for interest on the public debt decreased from $40 billion in June 2019 to $18 billion this year
Outlays for the Department of Housing and Urban Development decreased by $14 billion

For the first 9 months of fiscal 2020, the federal budget deficit was $2.7 trillion, $2.0 trillion more than the deficit recorded during the same period last year.
See Chart:
Monthly Cumulative Deficits Fiscal Yeasr 2019-2020

Revenues were 13 percent lower and outlays were 49 percent higher through June 2020 than during the same nine-month period in fiscal year 2019.
See Chart:
Cumulative Fiscal Budget Deficit ($BN)

At some point the market will realize that this insanity is simply unsustainable. And, in fact, looking at the surge in the price gold, that realization may not take too long.
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The unprecedented implosion of U.S. commercial real estate during the coronavirus pandemic is likely to get worse as newly delinquent CMBS loans are surging as the list of retail store closures continues to rise. 
Trepp's June CMBS remittance report showed CMBS delinquencies hit a high of 10.32%, not seen since 2012. It was noted that that retail CRE loans were in rough shape
See  Chart:
Percetage of CMBS Marke at 30 days delincuent

Big Forbes' Store Closure List In 2020
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Is the worst of the economic collapse over?
Not really. The economy is off the bottom, but that’s only to be expected after the historic collapse of March–May and the stock market crash in March and April.
The question now is not whether we’re growing again. We are. The questions are how fast is that growth, and how long will it be before we return to 2019 levels of output?
Recent data suggests that we may not reach 2019 output levels until 2023 at the earliest, and that something close to full employment may not return until 2025.

SIMPLE EXAMPLES WILL MAKE THE POINT: READ coming subtitles’ content
Just Not Enough Growth
Worse Than a Technical Recession
The New Depression
Defining Depression
Depressions Leave Lasting Impressions
The Great American Exodus
American families are leaving dysfunctional cities such as New York City, Seattle and San Francisco and heading for Montana, Colorado, Maine and upstate New York in the Catskill Mountains among other safe havens.
Investors Will Learn the Hard Way
No one under the age of 90 has ever experienced a depression until now.
But they’re going to find out, and probably the hard way.
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Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy. The decline is visible, and so is the trajectory to collapse.
SEE CHART:
Price changes (1996- 2016) : more expensive & run by cartels

We got your neofeudal wealth inequality right here:
SEE CHART:
Wealth  Inequality

The fruit of Financialization:  Soarin  Income Inequality
See Chart:
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

TAX EVASION ++ IS HE GOING TO JAIL?
So much for that campaign to convince Penn to rescind Trump's diploma..
And just like that, any hopes of convincing Penn to rescind the president's diploma have crumbled into dust.
But we seriously wouldn't be surprised if a relative of Shapiro came forward to confirm the tale, perhaps claiming that it had become family lore, or something, given Trump's celebrity status.

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BIDEN-SANDERS-VP the  FORMULE TO DEFEAT TRUMP.
Then we will vote in this election. Otherwise: ABSTENTION!
Hugo Adan  
7/8/2020
AT:   https://nd-hugoadan.blogspot.com/  

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The global phenomenon is clashing 
with a new brand of militant identity politics
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There are no moderate, mainstream centrists in the US-centralized empire.They do not exist...
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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



Lockheed, Raytheon, BAE Systems?... Because everyone else is lining up at the trough, apparently. 
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China is almost out of space to hold the oil that domestic traders bought at bargain-basement prices earlier this year when the Covid-19 pandemic crushed global crude demand.”
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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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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes & terrorist imperial chaos

REBELLION:

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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3

The Latest 'Russiagate' BOMBSHELL  By Moon Of Alabama
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The New York Times has acknowledged the dearth of real evidence behind their allegations in June that Russia paid bounties to the Taliban to encourage the death of US-led coalition troops in Afghanistan. Rick Sanchez explains. Then RT America’s John Huddy provides the details before investigative journalist Ben Swann and former Pentagon official Michael Maloof share their insights.
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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

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