AUG 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
NIHILISM EMBODIED: OUR LAWLESS FINANCIAL SYSTEM
Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town...
Authored by Charles Hugh Smith via OfTwoMinds blog,
What basic precursors do you need to stampede wealth toward the few?
First, you need unlimited cost-free money, preferably the U.S. dollar as the world's reserve currency.
Combine this zero-interest, unlimited, frictionless money with allowing unlimited stock buybacks, and the value of stocks no longer has to even be connected with earnings!
SEE CHART:
Nasdaq Composite vs Nasdaq Consensus 12m fwd EPS
https://www.zerohedge.com/s3/files/inline-images/zeus-p1-1.png?itok=xFjuO0Hl
….
CONTINUE READING AT:
SOURCE: https://www.zerohedge.com/markets/nihilism-embodied-our-lawless-financial-system
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SI ellos no ven futuro en la anarquia Econ que crearon, eso nos asegura la Vict: REV
1-
According to BofA's Jared Woodard, the crowded trades – growth vs. value, large vs. small, US vs. EAFE, market cap vs. equal-weight, USD vs. EM FX, Treasury bonds – stay crowded because there is no alternative in a world of shrinking returns on capital.
SEE CHART
https://www.zerohedge.com/s3/files/inline-images/all%20one%20trade.jpg?itok=4F9XcJLW
Despite the asset bubbles observed virtually everywhere, BofA says that economic stagnation remains its base case: "more stimulus and early vaccines at best get us to the 2019 ante of low growth and precarious wages/EPS." A stagnant world also makes yields more valuable as interest rates everywhere trend toward zero. As such, today a record 79% of the S&P 500 offers dividends greater than the 10-year Treasury yield.
SEE CHART
https://www.zerohedge.com/s3/files/inline-images/yields%20vs%2010Y%20TSY.jpg?itok=q6Lf5lZL
In summary, "stagnant GDP, deepening inequality, and the threat of policy failure make us bullish on the things we don’t want to buy because, without an economic transformation, any reversal in the ranks of market winners & losers can only last a season."
…..
SOURCE: https://www.zerohedge.com/markets/its-all-one-big-trade
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FUTURES HIT NEW RECORD HIGH AFTER BUFFETT REVEALS 5% STAKES IN FIVE MAJOR JAPANESE TRADING COMPANIES
Buffett is transitioning out of US money-center banks and into Japanese traders at a time when the BOJ dominates most capital markets and just as Abe announced his resignation, putting the future of the entire Abenomics platform in question.
With S&P futures seen at a new all time high of 3,122.
SEE CHART:
Emini S&P Futures [Similar to US situation]
https://www.zerohedge.com/s3/files/inline-images/ES%202020-08-30_20-20-52.jpg?itok=MXt_vocI
That prompted Buffett to transition out of US money-center banks whose performance has been dismal in 2020 compared to the surge in tech, and into Japanese traders at a time when the BOJ dominates most capital markets (and was last seen in possession of 80% of all local ETFs), and just as Abe announced his resignation, putting the future of the entire Abenomics platform in question, but we are confident that some bullish spin will be forthcoming.
[ [ Very nice dream.. despues que uno renuncio al JA-banco y el otro saco su capital del US-Banco y lo convirtió en oro. Qué pasaría si otros prósperos ‘inversores’ del US hacen lo mismo? Creo que el USD se iría a la merda! ]]
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Deceptive title (PRAYING for PAYING )but nice data on unemployment & spending
WHY AMERICA'S POOR ARE PAYING FOR A MARKET CRASH
"Perversely, a shock looks increasingly necessary to force policy measures allowing the market to sustain these levels to begin with."
Last week we showed that following the July 31 "fiscal cliff", which saw the end of the $600 weekly emergency unemployment benefit and as a result, weekly unemployment insurance benefit payments were cut in half, from $25BN pre-July 31 to just over $10 BN after...
See Chart:
Spending was also observed by income bucket: over the first two weeks since July 31, the YOY spending growth rate slowed by 12% for the unemployed cohort (formerly) earning under $50K vs. a roughly 5% drop for the middle and upper income cohorts.
See Chart:
The change in total charge spend growth for UI recipients vs others
https://www.zerohedge.com/s3/files/inline-images/spending%20by%20income%20bofa_2.jpg?itok=3bYBgNYq
….
SEE MORE INFO & CHARTS AT:
SOURCE: https://www.zerohedge.com/markets/why-americas-poor-are-praying-market-crash
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DEVASTATING CONSUMER FINANCIAL CLIFF COMING RIGHT UP
Consumers continued to spend in July but it won't last... A financial cliff is not coming up, it has already started.
Authored by Mike Shedlock via MishTalk,
Consumers continued to spend in July but it won't last.
SEE CHART:
Real Spending vs Real Income
SEE CHART:
How Many People?
The answer comes from my post yesterday Unemployment Claims are Still Extremely Elevated.
All Continued Claims
Over 27 million people missed 5 weekly checks of $600 each.
SEE CHART:
Continue reading and see more charts at:
SOURCE: https://www.zerohedge.com/personal-finance/devastating-consumer-financial-cliff-coming-right
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WHAT'S BEHIND LAST WEEK'S UNPRECEDENTED MELTUP IN THE VIX? CITADEL EXPLAINS
"The street got trapped being short vol."
Perhaps of all the charts, one of the most curious observations was the recent meltup in the VIX, and especially the Nasdaq Vol index, which last week was tracking the Nasdaq almost tick for tick, a paradox when considering that the Nasdaq just hit all time highs virtually every day which should depress vol. What was behind this unprecedented inversion of one of the market's most fundamental correlations?
SEE CHART:
Nasdaq 100 vs Nasdaq 100 VIX
https://www.zerohedge.com/s3/files/inline-images/nasdaq%20100%20vs%20vix.jpg?itok=epHjVNO1
It wasn't just the Nasdaq of course. On Wednesday and Thursday, the VIX was more than 5% higher each day, with the S&P 500 up both of those days. How rare is this? Very. According to Larry MacDonald, there were just ten days in the last decade with the S&P up 1% with the VIX closing higher. Furthermore, this is especially rare with the market at all-time highs, and as Goldman showed, the last time the VIX was this high at an all time market high was in March 2000, just before the dot com crash
SEE CHART:
3Y trend of higher VIX levels at SPX has resumed
Needless to say, in a healthy bull market at its best levels, the VIX should be in the low teens, not the lows 20s as shown in the chart above. In fact, as we showed previously, the correlation between volatility and equities was at the highest since January 2018, just days before the Volmageddon event of Feb 2018.
See Chart:
S&P500 S&P VIX correlation
https://www.zerohedge.com/s3/files/inline-images/2020-08-29_0.jpg?itok=NHbgmbwQ
For those scratching their heads, here is an explanation from arguably the most important market maker in the world, Citadel, which just so happens to be at the nexus of institutional and retail orderflow, and "occasionally" just happens to frontrun one or both as a recent settlement with FINRA revealed
Continue reading at:
SOURCE: https://www.zerohedge.com/markets/whats-behind-last-weeks-meltup-vix-citadel-explains
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
WATCH JOE BIDEN SLAM 'FATHERLESS PREDATORS' WHILE PROMOTING 1994 CRIME BILL THAT TARGETED BLACKS
Are they related to Hillary's super-predators?
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TRUMP SLAMS "DO NOTHING DEMOCRAT MAYOR OF PORTLAND" AFTER WHEELER BLAMES PRESIDENT FOR VIOLENCE
"He tried mixing with the Agitators and Anarchists and they mocked him."
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“The welfare of the people in particular has always been the alibi of tyrants”
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Hi Tech against Human Rights? All depends who rule, tech can be used to protect HR
ROBOCOP IS HERE - NEW "SMART" POLICE HELMET SCANS FOR COVID-19 & USES FACIAL RECOGNITION
...it can screen airport passengers for the COVID-19 virus as well as provide the scanning officer with other vital records.
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NO AL GORE, THE MILITARY WON'T REMOVE TRUMP IN CONTESTED ELECTION
Another one of Gore's amazing predictions...
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US PASSES 6 MILLION CONFIRMED CORONAVIRUS CASES: LIVE UPDATES
In a sign that the US outbreak truly is slowing, it took 16 days for the number of cases to climb from 4 million to 5 million, and 22 days to go from 5 million to 6 million.
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TRUMP GOES AFTER FAILED DEMOCRAT-RUN CITIES AS VIOLENCE ERUPTS IN CHICAGO AND NYC
"4 police officers shot: 2 in Democrat St. Louis, 2 in Chicago."
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Could be true:
HALF-DOZEN DEMOCRAT MAYORS IN MINNESOTA ENDORSE TRUMP, SAY BIDEN 'DID NOTHING' FOR WORKING CLASS
"Like many in our region, we have voted for Democrats over many decades..."
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This is true
DEM CONVENTION MADE NO MENTION OF RUSSIAGATE OR IMPEACHMENT, BECAUSE THOSE WERE FAKE THINGS
“They chanted ‘All Roads Lead to Putin’ and ‘The Walls Are Closing In.’ But at their political convention, they forgot all about it. Did Russia give them amnesia?”
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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
Good News: NO more wars . Mere intention? Perhaps
IT'S TIME FOR A GEOPOLITICAL RESET
A geopolitical reset that involves scaling back US interventions and its military presence abroad will foster pragmatic foreign policy decisions and the prioritization of actual defense policies...
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
-Wisconsin Top Authority Reps Call on Trump to ‘Reconsider’ Plans to Visit Kenosha Amid Protests
- Lebanon's Hezbollah Nominates Mustapha Adib as Next Prime Minister
- US Military Blames Taliban for Recent Attacks on Bases in Southern Afghanistan
- Vote for Joe Biden or Democrats Would ‘Conflict’ with True Belief in Jesus Christ, Claims Pastor
- Sikh Separatists Arrested in Punjab Had Planned to Travel to Pakistan For Terrorist Training
- 'It's Tech Impossible': Kremlin Refutes Reports of Putin's Missed Call to Trump
- Two Russian Warships Arrive in Sri Lanka on Business Call
- ‘Weaponised’ UAVs Increasingly Used by Mexican Drug Cartels in Turf Wars
- Fresh Clash Erupts Between Indian-Chinese Troops in Pangong Tso
- COVID-19 Live Updates: Global Number of Cases Tops 25 Million
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