AUG 16 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
Xenophobia doesn’t work at bottom level: People gets what is better for them
THREE THINGS WE LEARNED LAST WEEK
1.Bond bulls’ faith is being challenged by data and vaccine hopes; 2. China’s uneven recovery slows with the PBOC staying put; 3. IPOs of Chinese companies in the U.S. are booming even amid scrutiny.
The bond yield is also tracking the relative performance of Covid-hit stocks, suggesting optimism toward a vaccine. This is a chart comparing bond yields with the ratio between the MSCI World Hotels Restaurants & Leisure Index and the Nasdaq 100 Index.
SEE CHART
https://www.zerohedge.com/s3/files/inline-images/bond%20selloff%20vaccine%20hope.jpg?itok=vk4E7UHR
Meanwhile, the scrutiny toward Chinese companies continues to increase. 3. IPOs of Chinese companies in the U.S. are booming even amid scrutiny.
Chart: BLOCKED
SOURCE:
https://www.zerohedge.com/markets/three-things-we-learned-last-week
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Que siga cayendo el USD, que suban los precios: no les importa que el pueblo se joda
VALUE OVER GROWTH OR MORE OF THE SAME?
...recent experience suggests that we will need to see inflation expectations actually break above trend to get a more durable rotation into value...
Is the market undergoing a sustainable rotation into “value” stocks from “growth” stocks?. It’s a bit surprising to us to see the outpouring of commentary on the issue, since by our work value has only outperformed growth by 3% or so since mid-July.
When it comes down to it, there are a few key macro variables that are highly correlated with the relative performance of value vs growth – most of them measuring the reflationary impulse in the system in different ways. As reflation (or expectations thereof) plays out, it tends to be beneficial for the relative factor performance of value. This of course is due in part to the relatively higher degree of operating leverage among the value constituents.
As the reader can see in the table below, financial statement measures that are indirectly related to operating leverage like PP&E turnover and net debt are significantly different for value and growth companies. Value firms, having relatively higher levels of fixed assets, would stand to have a more pronounced improvement in PP&E turnover than growth firms in an across-the-board reflation. Value firms also have higher net debt levels than growth firms. As top lines improve in a reflation scenario, the debt servicing drag becomes relatively less for value vs growth firms.
See Chart:
United States TOP 99% of Market CAP
https://www.zerohedge.com/s3/files/inline-images/pic1%20%281%29.jpg?itok=6UJnXLCS
So what are our market-based measures of the reflation dynamic saying currently? Are they telling us to get ready for a more durable move into value?
The best we can say at this point is…maybe.
Let’s start with the yield curve.
What we would need to see from the yield curve to signal a wholesale shift in value vs growth would be a pronounced widening of the 10-2 spread, which has yet to play out.
See Chart:
10 Year to 2 Year US Treasury Yield Spread
https://www.zerohedge.com/s3/files/inline-images/pic2.jpg?itok=LC0bp30k
Next are inflation expectations.
The recent experience suggests that we will need to see inflation expectations actually break above trend to get a more durable rotation into value.
See Chart:
US TIPS Breakeven Inflation
https://www.zerohedge.com/s3/files/inline-images/pic3%20%281%29.jpg?itok=_RdzPTk7
In the next two charts we highlight the how the relationship between industrial and precious metals informs, or at least reacts coincident to, the value/growth dynamic.
The message we are getting from the metals space currently is mixed.
Copper stopped underperforming gold earlier in 2020, but has made no real relative progress to speak of since then.
See Chart:
Cooper to Gold Ratio
https://www.zerohedge.com/s3/files/inline-images/pic5%20%281%29.jpg?itok=e-0rh98u
Silver, on the other hand, has shown a more pronounced improvement vs gold.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/pic6.jpg?itok=J33Nhdnr
Value stocks have outperformed growth stocks by a few percent since July, but at this stage we lack confirmation from market-based measures of reflation that the move is more than transitory.
What we need to see more of is incentive for money growth (steeper yield curve), above trend inflation expectations, and confirmation from industrial metals that nominal growth is expanding. There is of course a policy mix that could usher in those things, like another round of fiscal and monetary expansion, but we are not there yet.
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SOURCE: https://www.zerohedge.com/markets/value-over-growth-or-more-same
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Is coming a special type of migration out of the US: Big rich Corporations
"SHORT DOLLAR" IS NOW THE WORLD'S MOST CONSENSUS TRADE... SO IT'S TIME TO GO LONG
With everyone already short the dollar, there is nobody left to put the trade on which means the only possible move for the DXY is higher.
It's official: as of this past week, the number of futures contracts amid the speculator community that were net short the DXY (via other FX pairs) was tied for the highest on record going back to the late 1990s.
SEE CHART:
DXY Net Short Specs
https://www.zerohedge.com/s3/files/inline-images/DXY%20net%20shorts_0.jpg?itok=NpvYJB3L
But one doesn't need to look at the weekly CFTC data to know that the currency, which until just three months ago was exploding to record highs, has become the worst most popular short: according to Bank of America "short USD" has extended its lead as the most popular trade in 2020 according to the bank's latest FX and Rates sentiment survey.
See Chart:
USD and EUR breaking records in the sentiment stakes
https://www.zerohedge.com/s3/files/inline-images/USD%20BofA.jpg?itok=lG4p-9Fl
However, the surge in dollar shorts is not so much a secular bet on the dollar decline as a bullish view on its two key pairs, the Euro and the Yen.
As per the BofA survey, the EU Recovery Fund seems to be the main driver of positivity on EUR (Chart 2), with almost a third of investors telling the bank in June they considered it a game changer, while USD bearishness can at least partly be explained by expectations of some erosion of the hegemony of USD as a reserve currency.
See Charts:
WHAT IS DRIVING EUR-USD
https://www.zerohedge.com/s3/files/inline-images/BofA%20DXY1%60.jpg?itok=myQCxtkn
Still, as BofA notes, in the current backdrop, risks - both known and unknown - abound and could be a threat to seemingly stretched positions.
Of course, after last month's dramatic move, what happens next may seem largely moot. As a reminder, in July, the trade-weighted Dollar saw the largest monthly decline in two and half years, with DXY seeing the steepest drop in a decade.
Goldman's Karen Fishman writes on Friday, the DXY move has "renewed focus on momentum-based investors and their potential participation in the Dollar sell-off."..
Some background from the Goldman strategist:
See Chart below:
CTAs tends to see similar returns, specially during periods of large market move
https://www.zerohedge.com/s3/files/inline-images/GS%20CTAs.jpg?itok=aWRV40JW
So what does Goldman conclude based on inferred CTA positioning? As the bank explains, it finds "a fairly clear message to short the Dollar against G10 currencies, with slightly more mixed signals for high-beta EM crosses" and adds that "even though CTAs are probably already short Dollars, we see scope for further weakness as (i) fresh shorts could be triggered soon and (ii) longer-term investors start to participate as well, particularly in the Euro and other European assets."
[ SO, we will see special of migration out of the US: Big rich Corporations ]
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SOURCE: https://www.zerohedge.com/markets/short-dollar-now-worlds-most-consensus-trade-so-its-time-go-long
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ZILLOW EXPOSES DRAMATIC EXODUS OUT OF SAN FRANCISCO REAL ESTATE
"When comparing the principal city to its surrounding suburbs, the San Francisco metro area does break the mold."
According to online real estate company Zillow, there is a mass exodus of people looking to get out of San Francisco real estate - as the housing market is on fire in the Bay Area suburbs, all the way to Lake Tahoe.
According to the company's "2020 Urban-Suburban Market Report," home prices in the city have fallen 4.9% year-over-year, while inventory has jumped 96%during the same period, as a flood of new listings hit the market. Zillow notes that they aren't seeing the same trend in cities such as Miami, Los Angeles, Washington D.C. or Seattle.
SEE CHART:
Inventory change from Feb 2020 in MSA and City Proper
https://www.zerohedge.com/s3/files/inline-images/sf%20zillow.png?itok=yUcOxjnd
Via Zillow:
In San Francisco, though, the softening is clear as sellers inundate the market and buyers have not changed their pace to match — newly pending sales in the city are up only 1.7% YoY.
Meanwhile, both urban and suburban markets nationally are seeing homes sell more quickly than they were in February, while "most areas have seen price cuts decelerate relative to February, and slightly more so in the suburbs," according to the report.
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
Here an open door to privatize public education: god f rich & mid clases, no for poor P
EDUCATION FUNDS WOULD FOLLOW EACH STUDENT UNDER PROPOSED RAND PAUL BILL
"The SCHOOL Act grants parents flexibility by empowering them to use their own tax dollars to find the option that best fits their family’s needs and allowing them to reclaim a bit of stability in uncertain times."
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If don’t want to use the machine to continue printing USD, then the solution is to cut the military budget. We don’t need more was abroad: risky WW3 aprch
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US HISTORY OF POLITICAL MAFIAS: tápese las narices para mirar esta indecencia!
HERE'S EVERY PRESIDENTIAL CANDIDATE'S RUNNING-MATE SINCE WWII
...it’s only natural that as second-in-command, the pick for a VP carries significant weight; and, as Visual Capitalist's Iman Ghosh notes, in some cases, they can even make or break the race to secure a spot in the White House
SEE CHART:
Every Presidential candidate’ running mate since WW2
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SOURCE: https://www.zerohedge.com/political/heres-every-presidential-candidates-running-mate-wwii
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Que trajeron y que dejaron: genocidios, robos al por mayor y fraudes. Les pongo solo un ejemplo: Obama – Hillary. Robaron el oro de Libia, asesinaron con la sonrisa maquiavélica de Hillary la muerte de Gaddafy. Silenciaron el pedido de apoyo por el US embassy en Banghazi asediados de muerte por otra secta terrorista Saudi (murieron 4 incluido el Embajador). Y lo mas grave: pactaron con el terrorismo Saudi el entrenamiento y uso de estos mercenarios en el middle East (destruyeron con impunidad Syria y hasta ahora siguen allí sembrando miseria y desolación . Cuanto recibió Obama y Hillary de estos crímenes hasta ahora impunes. No lo sabemos porque seguimos bajo la tutela del monstruoso aparato político como sistema duopolico (DEMs & REPs ) se cubren entre eso crimenes mediante los circos Electorales que jamás permitieron ni permitirán la 3ra opción. Afortunadamente el contexto politic esta cambiando y son muchos los que están a favor de la ABSTENCION. Esto significa que quine llegue al poder via fraude electoral no va a tener ningún chance de legitimidad, credibilidad, paz social ni cohesion interna entre las elites e instituciones que controlan el poder. Entonces la nación impondrá su poder via REFERENDUMS estatales, regionales y a nivel nacional desmontaran el poder del sistema duo-polico ya obsoleto y decandente.
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Good news:
CALIFORNIA SET TO PASS THE NATION'S FIRST WEALTH TAX TARGETING THE ULTRA RICH
"Any tax that is actually effective at taxing wealth, however, would be equally effective at driving wealth out of state."
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Bad news: unemployment FRAUD
More than 42,200 fraudulent claims for unemployment have been identified since mid-March... [ esto es lo BUENO de la mala noticia ]
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Mere alarmism Agst New York
49 PEOPLE SHOT IN LAST 72 HOURS IN NEW YORK AS CITY HITS ITS "EXPIRATION DATE"
"We reached our New York expiration date. Things weren’t heading in the right direction. What we’re seeing now isn’t at all surprising."
Putting the surge in context, the number of people shot over the three days is five times more than the eight who were shot during the same days last year according to the Washington Examiner. While most of the shooting victims were merely wounded, at least six people were killed by gunshot wounds over the 3-day interval, compared to three homicides that took place during the same time last year.
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Este Pillo se tiro un pedo por la boca: POP Econ = Bitcoin in 2017 = GET OUT OF USD
BILLIONAIRE NOVOGRATZ WARNS "FRENZIED MARKET BUBBLE" WILL POP IF BIDEN WINS
"Everything is trading like Bitcoin in 2017."
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Con estos pillonarios biden no duraria ni 3 meses en el Gbno, si gana las Elec
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BARACK OBAMA HAS "PRIVATELY EXPRESSED GRAVE CONCERNS" ABOUT JOE BIDEN'S 2020 WHITE HOUSE RUN
Obama said of Biden's 2020 run:
"DON'T UNDERESTIMATE JOE'S ABILITY TO F*CK THINGS UP"
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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
Quieren mas QEs and Bailouts. La pandemia no les bastó y quieren el WW3
MORGAN STANLEY: THE MARKET STAKES ARE NOW EVEN HIGHER FOR CONGRESS TO REACH A STIMULUS DEAL
The benign market reaction last week might lead you to believe that the failure to reach a deal on another round of fiscal stimulus in the US means more aid isn’t required to keep markets and the economy on their V-shaped recovery path. On the contrary.
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The gluttony of big Corp no tiene límites: asaltaran el tren del progreso humano en el US e impondrán el WW3 y se irán donde mas valga el oro robado aquí. En la mente de estos criminales solo ellos tienen derecho a existir y creen que los bunkers que construyeron aquí y en ISR les salvaran la vida durante el WW3. No saben lo que les paso a los Nazis: los quemaron dentro de sus bunkers..
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LA MAFIA MX: Para robar un tren solo se necesita 10 mafiosos = menos de 5 muertos
AS STEALING FUEL BECOMES MORE DIFFICULT, MEXICAN THIEVES TURN TO TRAIN ROBBERY
Last year an average of two railcars were robbed each week, but in the first six months of 2020 that number has increased to three per day, the newspaper Reforma reports.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- Pelosi Summons US House From Recess to Confront Trump With Postal Service Sabotage Allegations
- Facebook Denies Ties With Modi's BJP in India
- India Needs to Continue Public Discussion About 1947 Partition to Learn From Past Mistakes
- Terror Attack Averted as Indian Army Recovers IED Planted by Terrorists in South Kashmir
- Fire Breaks Out on 6th Floor of Indian Parliament Annexe Building
- China's CanSino Biologics Inc Wins Patent to Produce Country's First Vaccine
- 'Sad, Lonely, Cold Place': When Will The Universe End?
- Israel Closer to US 'Clean Network' by Abandoning Chinese 5G Tech
- Israeli Tanks Attack Hamas Positions in Gaza Strip, IDF Says
- UAE-Israel Peace Deal Shows Arab Countries Won't be 'Held Hostage by Palest'
- New Zealand Election Postponed Four Weeks Due to COVID-19 Pandemic
- At Least Three Texas Police Officers Shot in Cedar Park
- UAE Deal Brings Israel’s ‘Ultimate Disintegration Closer’
- Democrats Set to Hold Convention to Nominate Biden for US President
- Obama's Planned Hawaiian Retirement Home Bypassed Environmental Regulat
- US Media Reveals American, Israeli Plans to Fight S-400s If They End Up in Iran
- Trump Goes Off on Fox News, Says It's ‘Worse Than Fake News CNN
- One Rocket Hits Baghdad's Green Zone
- Biden Holds 9-Point Lead Over Trump in New NBC/WSJ Poll They’re paid to lie
- Mail-in Voting: B Sanders Accuses Trump of 'Defund & Destroy US Postal Service'
- Lebanon’s Hezbollah-Allied Presid Doesn’t Rule Out Reach Peace With ISR Some D
- Mail-in Voting Leaves Window for 'Significant Fraud' & 'Logistical Challenges'
- Abbas, Macron Discuss US-Brokered Israel-UAE Peace Deal Over Phone
- Beirut Blast Probe Begins as Lebanon’s Special Tribunal is Set to Reach Verdict Over Killing of PM
- Aerial Footage of Mass Protest Agst Belarusian Presiden Election Results in Minsk
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes & terrorist imperial chaos
VIENTO SUR
COL: Arresto de Uribe vs. cuatro décadas de narcoparamilitarismo
Howie Hawkins candid a presid del Partido Verde y perspect socialis
B Sanders & Howie Hawkins son el Frente Pop que necesitamos hoy
Joan Benach: «O invertimos en Salud Púb y serv soc o no tendrvida»
80 años del crimen de Trotsky Coyoacán, enlace en el tiempo. P G
LOS DÍAS HÁBILES La poesía acompaña. Por Carlos Catena
Chile Pandemia, crisis social y tensión institucional Camila C
COL: diseño de cerco instituc al mov social pospandemia DL
Siria: “Consejo del Pueblo”: eleccions, mov contra Assad OJO:
A Assad lo ataca el imperio + terror Saudi e ISR: Por que atac+
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RT EN ESPAÑOL
EAU: Emiratos Árabes Unidos dice que el acuerdo con Israel es una decisión soberana no dirigida a Irán . Por que la apoya Trump y el imperio USAno? Acaso No fue plan US?
Miles de personas salen contra la victoria electoral de Lukashenko https://actualidad.rt.com/actualidad/363363-bielorrusia-vivir-octava-jornada-protestas
Sputnik V: "RU inicia la vacunac contra el CV aproximadamente dentro de un mes" https://actualidad.rt.com/actualidad/363390-rusia-empezara-vacunacion-masiva-coronavirus-mes
Estudio revela que propagac del CV en US es mucho más extensa de lo que se informó https://actualidad.rt.com/actualidad/363366-nuevo-estudio-revela-propagacion-CV
Cártel Jalisco: dos mujeres al mando de sus operaciones en Mexico https://actualidad.rt.com/actualidad/363400-cartel-jalisco-nueva-generacion-mujeres-mando-operaciones-mexico
Pompeo: "ningún Estado" puede bloquear sanciones "multilaterales" contra Irán https://actualidad.rt.com/actualidad/363416-critican-pompeo-decir-ningun-puede-bloquear-sanciones-iran
Trump cuestiona eligibilidad de Harris para ser VP por ser hija de inmigrantes https://actualidad.rt.com/video/363417-trump-cuestionar-eligibilidad-harris-vicepresidenta estupidez: el 99.9% de USAnos lo somos y T. lo es. Los nativos no son
Por qué la vacuna rusa contra el covid-19 se llama 'Sputnik V' y qué significa la letra 'V'? https://actualidad.rt.com/video/363384-vacuna-rusa-covid-19-llama-sputnik-v
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
ISR-UAE Peace Deal: Tectonic Shift in Middle Eastern Balance of Power By S F,
Distance Learning Plan (DLP) Destroys Education .Letter to Public Sch in Minnesota
UAE and ISR Join Hands: Great for Trump & Bad News for the Mid East By Ph G,
Trump Vows Unilateral Imposition of Snapback Sanctions on Iran By S Lendman
CV-19 “Fake” Pandemic: Timeline and Analysis By Prof Michel Chossudovsky
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