AUG 26 20 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
HURRICANE LAURA UPGRADED TO "CATASTROPHIC" CATEGORY 4 WITH "UNSURVIVABLE" STORM-SURGE
"This storm surge could penetrate up to 30 miles inland..."
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
GLOBAL STOCKS HIT RECORD HIGH, GOLD SPIKES AHEAD OF POWELL SPEECH
Global stocks finally took out their old record highs today (as measured by the MSCI World Index).... and all it took was almost $10 trillion in global liquidity...
See Chart:
Global Liquidity Proxy, Global Stocks , Global Bond Yields
https://www.zerohedge.com/s3/files/inline-images/bfmCE4F.jpg?itok=s97gttaq
Global sovereign bond yields (blue above) are at the same time hovering near record lows (though have lifted a little in the last week ahead of Powell's "I Promise Inflation" speech tomorrow).
Reflecting that somewhat, Break-evens continued to rebound notably today...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmF94F.jpg?itok=vg4ckLy4
Sending 5Y Breakevens (strong TSY auction today) back to pre-COVID levels...
See Chart:
5Y Breakevers
https://www.zerohedge.com/s3/files/inline-images/bfm1934.jpg?itok=ILJN5T9D
Which sent real yields tumbling (back to -1.05%), and grabbed gold higher...
See Chart:
10Y Real Yield (inv) vs Spot Gold
https://www.zerohedge.com/s3/files/inline-images/bfmAD56.jpg?itok=UNDKBykR
The momo/value 'rotation' from Monday has been unrotated...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmB92A_0.jpg?itok=ntwNFJ4E
Leaving Nasdaq (blue) soaring and Small Caps (red) slammed... S&P was up over 1% and The Dow managed modest gains...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-08-26_12-58-37.jpg?itok=VceCQ81L
“Another day, another new record as internals continue to get more lopsided..."
See Chart:
S&P vs NYSE 52 Wk Hights
https://www.zerohedge.com/s3/files/inline-images/2020-08-26%20%282%29_0.png?itok=bFdo_M9n
Despite Nasdaq's big surge, there were 578 more decliners than advancers...
See Chart:
Nasdaq Com Vs Nasdaq Advance-decline
https://www.zerohedge.com/s3/files/inline-images/bfmC98B.jpg?itok=hxcasEqr
NDX is now 28% above its 200 DMA, the widest spread since 2000... Can it get wider? Of course, it went to ~60% at the peak in 2000. "But this is certainly rarified air” over last 30 yrs.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-08-26%20%281%29_0.png?itok=d3sPl-B0
This didn't seem to spook stocks at all:
1035ET *FED'S BARKIN: BIG TECH DONE WELL IN PANDEMIC, REFLECTED IN STOCK MKT, THERE CLEARLY IS SOME RISK AS VALUATIONS GET ELEVATED
As FANG stocks soared by the most since April 6th to a new record high...
See Chart:
Fang Stocks
https://www.zerohedge.com/s3/files/inline-images/bfmEC28.jpg?itok=2Z2ECpi0
TSLA did what TSLA does...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-08-26_12-50-46.jpg?itok=Rlfa02TQ
And then there's Salesforce!!!!! Up fucking 26% today!!!!!! And it announced layoffs!!! Bwuahahaha
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-08-26_12-54-35.jpg?itok=DVfnYJqr
There was a big short-squeeze at the open but it faded the rest of the day...
See Chart:
Most Shorted Stocks
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm7C2.jpg?itok=nU9KjxFz
VIX and stocks decoupled today but once again we caution readers of the record low put/call ratio as traders buy calls not downside protection (which also bids up vol, and thus VIX)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm1D8F_0.jpg?itok=TusyIkPZ
Very strong 5Y auction reversed the trend higher in yields.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmA959.jpg?itok=tXH0iMTt
10Y Yields fell back below 70bps (again)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm269C.jpg?itok=0UZvDItw
B-Dollar Index dumped after briefly spiking at 0830ET on the durable goods orders beat (it appears it was fake breakout of that coiling pattern we suggested yesterday)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmC8F5.jpg?itok=yJvkNlxA
Oil was flat on the day, Silver the big gainer with gold and copper stronger by around 1%...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmD445.jpg?itok=ZF9nMnYm
Finally, year-to-date, global investors (in bonds and stocks) have made almost $10 trillion ($6.66 trillion from bonds and $3.07 trillion from stocks),after being down over $25 trillion at the trough in March...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmF0C3.jpg?itok=b0lJVg7w
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SOURCE: https://www.zerohedge.com/markets/global-stocks-hit-record-high-gold-spikes-ahead-powell-speech
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"If senators still fail to resolve stalled negotiations..."
The economists said, "the Federal Reserve has largely done its job," suggesting Congress "cannot expect the Fed to keep everything together on its own."
Yellen and Bernstein wrote the op-ed, in what could be a move to shift blame to Congress for the coming growth scare that could lead to a correction in the stock market.
The party on Wall Street, driven by liquidity via central banks and bailouts from Congress have reinflated financial assets to nosebleed valuations as the labor market implodes.
SEE CHART:
Global Liquidity Proxy: Wall Street vs Main Street
https://www.zerohedge.com/s3/files/inline-images/2020-08-21-1.jpg?itok=_Dt_ua7F
Morgan Stanley's Michael Wilson suggested a "growth scare to be followed by a rate scare" could be seen in the weeks or months ahead.
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VON GREYERZ: MAJOR CENTRAL BANKS "HAVE TOTALLY LOST CONTROL"
"...and there is nothing they can do..."
Authored by Egon von Greyerz via GoldSwitzerland.com,
Space Oddity & Helicopter Money
“Ground control to Major Tom … Your circuit is dead, there’s something wrong. Can you hear me Tom. Can you here me Tom….Tom: “I am floating around in my tin can and there is nothing I can do.” (David Bowie)
Yes, Ground Control in the form of the major central banks have totally lost control and the world economy is now floating around helplessly without direction.
Here are some of the areas which neither Trump nor Biden will come to grips with:
· CV-19 – Man made virus paralysing the world, no effective vaccine for long time, if ever
· Economy – The precipitous fall is more likely to accelerate than recover
· Industry – Will contract rapidly and also trade
· Asset bubbles – Stocks, bonds property will crash, massive wealth destruction
· Dollar – Will implode leading to hyperinflation
· Deficits – Will accelerate for years to support economy, people & financial system
· Debts – Will surge to 200% of GDP quickly, much higher when banks collapse
· Unemployment – 20-30% will be the floor, higher likely
· Social unrest – Only beginning now, much more to come with empty stomachs
· Civil war – Government can’t cope with protests now, risk of escalation major
· Pensions – Will disappear as asset markets collapse, most people don’t have pension
· Social security – Will be insufficient with bankrupt government and hyperinflation
· Political turmoil – No party or leader will be trusted – not even coming Marxists
SOUND MONEY MUST BE SCARCE
Since sound money must be scarce, fiat money can never be sound since unlimited amounts can be and have been created. One of the very important features of gold is that it is scarce. The total global gold stock only increases by 1.7% or 3,000 tonnes per annum.
Only in this century, the dollar has lost 85% against real money or gold. There is no better proof of the total failure of the policies of the Fed and other CBs than the destruction of the currencies.
SEE CHART:
Dollar vs Gold
https://www.zerohedge.com/s3/files/inline-images/usdvsgold.jpg?itok=Le49S4pR
END OF THE END
The very final phase started in August 2019 when the ECB and the Fed told the world that the financial system is bankrupt. They didn’t quite use those words but their semi-veiled language and especially actions were crystal clear for once.
But this is just the mere beginning. With first a bankrupt financial system, an extremely weak world economy and a pandemic on top of that, the Fed and the ECB are totally lost. They are continuing to throw petrol on the fire as if that would solve the problem. But instead of extinguishing the inferno, they are just making it bigger and more dangerous by the day.
Just look at the Nasdaq which is now more than 10x!! higher than the 2009 low. It seems that investors believe that the world will just sit at home on benefits and play with their iPhone and iPad, buy things from Amazon they don’t need and then watch Netflix shows all day.
See Chart:
NASDAQ 2007-2020: MOTHER OF ALL BUBBLES
https://www.zerohedge.com/s3/files/inline-images/nasdaq_1.jpg?itok=9UjPCFGH
But even if they do, with 30% unemployed in the US they are hardly in a position to support the stupendous valuations of these companies. Netflix is valued at $217 billion with an 83 p/e. It has an infinite multiple of free cash flow since that has been negative to the extent of $11 billion in the last 5 years. Amazon is valued at $1.6 trillion with a p/e of 126! Many other companies are on p/e’s that guarantees a coming crash soon.
The US government will need to extend the unemployment benefits in perpetuity in order for these companies to justify the current valuations. But not even that will be enough.
INFLATE AND DIE
The legendary Richard Russell coined the phrase “Inflate or Die”. We have sadly gone past that point and the world economy is more likely to experience INFLATE AND DIE. But it is not just about inflating or printing money to subsidise the unemployed or ailing companies. The next big phase of QE will be to prop up the financial system on a much bigger scale.
FED AND ECB STANDING BY WITH HELICOPTER MONEY
The Fed and ECB are clearly totally aware of this risk and are therefore standing watch. They will initially do everything in their power which is helicopter money, stopping withdrawals, bail-ins, bail-outs, negative rates etc.
POLITICAL DISARRAY AND ANARCHY
A dark scenario sadly but the die is already cast and I cannot see any chance of avoiding “a final and total catastrophe of the currency system involved” (von Mises).
Not easy for ordinary people to protect themselves against Armageddon. Financial protection in the form of physical gold and some silver is absolutely essential but that is only a small part of things to prepare for.
The most important support is a close family and close friends and also appreciating non-material and virtually free values such as nature, books and music.
The effects on markets and money will of course be dramatic.
….
SOURCE: https://www.zerohedge.com/markets/von-greyerz-major-central-banks-have-totally-lost-control
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Two short news on Economics:
WHAT THE RECOVERY REALLY LOOKS LIKE
...instead of a 'V', maybe it should be a 'K'... because some will go up while others go down. This is already happening and apparent...
SEE CHART:
Economy Part 1
https://www.zerohedge.com/s3/files/inline-images/Chart_3_20200814_TFTF.png?itok=zCjIlcqm
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EARTH TO FED: INFLATION MANDATE HAS BEEN MET
The irony is that the Fed's inflation mandate has been met. The problem is policymakers are not aware of it.
SEE CHART:
https://www.zerohedge.com/s3/files/inline-images/core%20inflation_0.jpg?itok=u5rn5qYZ
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17 FACTS THAT PROVE THE US ECONOMY IS A COMPLETE AND TOTAL DISASTER-ZONE AT THIS POINT
...keep in mind that there are real people and real dreams behind each of these numbers...
Authored by Michael Snyder via The Economic Collapse blog,
If you know people that actually believe that the U.S. economy is moving in a positive direction, just show them this article.
The following are 17 facts that prove the U.S. economy is a complete and total disaster zone at this point…
#1 According to the San Francisco Chamber of Commerce, more than half of all the storefronts in the entire city of San Francisco are no longer in business.
#2 Just a few hours ago, New York City reported that it had an unemployment rate of almost 20 percent during the month of July.
#3 Speaking of New York, 83 percent of all restaurants in the city were unable to pay their full rent last month.
#4 In 2020, the state of Louisiana has lost twice as many jobs as it did after Hurricane Katrina. By the way, many are concerned that Hurricane Laura could soon become a similar monster storm.
#5 In the state of South Carolina, an eye-popping 52 percent of all renters “are at risk of eviction”.
#6 Americans now owe more than 21 billion dollars in unpaid rent.
#7 Overall, 27 percent of all Americans did not make their rent or mortgage payment last month.
#8 According to the Mortgage Bankers Association, the delinquency rate on residential mortgages increased by 386 basis points last quarter. That was the most rapid rise that we have ever seen by a very wide margin.
#9 U.S. bankruptcies are already at their highest level in 10 years and they are expected to surge dramatically as we approach the end of this calendar year.
#10 For companies with more than 1 billion dollars in assets, it is being projected that there will be a record number of bankruptcies in 2020.
#11 World trade plunged to the “lowest levels on record” during the month of June.
#12 The percentage of hotel mortgages that are 30 or more days delinquent soared to a whopping 23.4 percent last month.
#13 American Airlines just announced that they will be eliminating 19,000 jobs next month.
#14 31 percent of U.S. workers that were brought back to work after being laid off during the early stages of this pandemic have been laid off a second time, and another 26 percent have been told that layoffs may be coming soon.
#15 According to one recent survey, about half of all U.S. workers that have been laid off during this pandemic believe that their jobs losses are permanent.
#16 The IRS is projecting that it will receive 37 million fewer W-2 forms for this year than originally anticipated.
#17 Over the last 22 weeks, more than 57 million Americans have filed new claims for unemployment benefits. In all of U.S. history, we have never seen anything that is even worth comparing to this.
What we experienced back in 2008 and 2009 was a “deep recession”, but what we are experiencing now is so much worse.
The mainstream media admits that a “collapse” has happened, but they still believe that eventually things will turn around and get back to where they were before.
By sticking our heads in the sand won’t make the facts go away.
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
Election time= WHO LIE BETTER. Is US beating the virus vs we lead the world in deaths?
5 COVID-19 CHARTS THAT DEMOCRATS DEFINITELY DON'T WANT YOU TO SEE
...the US is beating the virus!
….
All depends on the criteria used for comparison: IF you sample compares US with developed countries (European Union + RU-China then the result will be different and Biden is right. BUT, IF we mix some developed countries with most underdeveloped countries, then you can say what is in red above.
The chart contains an inflated & purposely deceitful selection of countries to affect your perception on this issue. The chart put different developed countries from Europe separated from European Union & Europe. The same tactic was used with South America , separated from diff Latino countries in the South. The intention is clear: affect your perception with fraudulent selection of countries
SEE CHART:
Case Fatality Rate
https://www.zerohedge.com/s3/files/inline-images/cfrpng.png?itok=oap7OQ3-
Even the display of this chart is fraudulent: not easy to read
….
SOURCE: https://www.zerohedge.com/political/5-covid-19-charts-democrats-definitely-dont-want-you-see
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WATCH LIVE: RNC DAY 3 : KELLYANNE, CRENSHAW, & PENCE
RNC begins night 3 with the theme"Land Of Heroes" with VP Mike Pence, Texas Rep. Dan Crenshaw, and (former) Trump advisor Kellyanne Conway headlining the speeches...
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The consequence if radical change or pacific REV via REFEREMDUMS across Nation
EVERYTHING CHANGES AFTER KENOSHA... "DIVIDED WE STAND"
This is the moment where normal people finally said, “Enough. There will be consequences. “
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US CARGO THEFTS ERUPT AS VIOLENT CRIME SPREADS ACROSS AMERICA
An overwhelming number of truckers wouldn't "pickup/deliver to cities with defunded/disbanded police departments."
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Dr Fauci said nothing about the worse: Privatization of Health Syst: profiteers r happy
DR. FAUCI WORRIED NEW CDC GUIDELINES ARE BEING "MISINTERPRETED": LIVE UPDATES
"I am concerned...it will give people the incorrect assumption that asymptomatic spread is not of great concern. In fact, it is..."
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GOOD PROPOSAL:
NEW JERSEY PROPOSES $1,000 'BABY BOND' AS WEALTH GAP HITS EXTREME
"The inequities are too wide, too raw, to ignore."
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WHERE WE ARE & WHERE WE GO
DONDE ESTAMOS Y ADONDE VAMOS
Hugo Adan
8/27/20
This is my reaction to the FALSE & STUPID ALARM below:
MARXISM IS COMING AT BREATHTAKING SPEED - DO THIS BEFORE IT'S TOO LATE
If you realize that the Bolsheviks are coming - which they are - realize that they will come after anybody with any wealth...The ramifications are that the West is committing suicide...
….
Maybe the author of this art doesn’t know the difference between Marxism & socialism.
1- Socialism existed 3 centuries before Marxism. The reason why FDR didn’t called Socialism to their New Deals is because this stupid believe was dominant among the rulers of the establishment at his time. FDR anyway tax them & expropriate big billionaires who owed money to the Fed Reserve (bail outs).
2- The Marxist when they arrived to power in RU (1917) expropriate the means of production that belong to the nation but in the hands of the rich. In 1920- 1 Lenin correct his mistake and promote alliance between productive-capitalist (not speculators) with organized labor. Lenin NEW POLICY was called: SOCIALISM and itsucceeded, the REV was saved from Econ crisis & the threat of invasion from some West countries was defeated. Even American investors came to RU & they continue doing so.
3- The US is committing suicide because de neoliberal agenda doesn’t work any longer. It is based on war abroad and investing in manufacturing weapons. It provided secure resources to US GDP. In Keynesian Economics (the theory we follow) is spending that drives GDP growths, not savings. The 4 elements of growth are a-Consumer spending; b- Government spending, c-business spend & d- positive foreign trade. The problem is that Gvt spending (without taxing the rich) is wasting the money in weapons & wars that put the nation and the whole humanity at risk of WW3. This war will not have winners, it will bring only destruction & more pandemias to finally get only MAD (mutual assured destruction). This is that Trump is fostering. That money should have been invested in public Health, free Educat & housing for middle & poor social classes. This is what we called neoliberal capitalism & it arrived to its end.
4- HOW TO SOLVE THIS PROBLEM? Where we go? HERE A BRIEF:
FiRST by building bottom-up power to: Create the PEOPLES FRONT for SOCIALISM and 3rd option for election 2020. IF the duopoly system (Dems +Reps) don’t accepted 3rd option we have to promote ABSTENTION (get out of the fraudulent Circus with big Corp financing the two and buying votes).
SECOND after elections we are going to create REFERENDUMS at local, regional, State level to confront the elected one by forming parallel instance of power. Meaning, the struggle will continue and new election will be set across the nation. Nothing to do with violence, jus the transition to a new system (socialism) using W Pareto design.
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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
S-KOREA HAS THE RIGHT TO US CRYPTO CURRENCY INSTEAD OF USD
MAJOR KOREAN CRYPTO EXCHANGE SEIZED AFTER 99% TRADING VOLUME ALLEGEDLY FAKED
Police claim that wash trading and market manipulation by the owner and management team of the Coin it exchange netted over 100 billion won.
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CHINA doesn’t depend on US Economy, we depend on them: SO: Peace NO Xenophobia
SOY BOOM? CHINA COULD BUY RECORD AMOUNT OF US SOYBEANS
"China has been stepping up purchases..."
….
China is not obligate to buy our soybean, the can get it form ARG, BRA ++
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NO empires after NEOLIBERAL debacle: 3superpower fronts will emerge: EU is 1
TRUMP AND POMPEO CRAFT NO-WIN SOLUTIONS FOR THE WORLD
...part of his purposefully blowing up the old order between the US. and Europe now that it’s clear to me the globalists’ goal of a Great Reset involves destroying the US and moving the center of western power to the EU...
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US IS LEADING A TOTALITARIAN ORDER, with war laws, sanctions & invasions abroad
ROBERT GORE: OUR DYSTOPIA IS THEIR UTOPIA
The carnage, chaos, and collapse in full bloom in American cities are the sum and substance of what the statist collectivists want. Is this the prelude to the imposition of a totalitarian order?
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China got its MAOIST REV (1949) & nothing to do with Totalitarian order as we do
XI'S FIERCE ANTI-GRAFT PURGE A PLOY TO ENSHRINE POWER AS RESTORED "CHAIRMAN"
China's president already amassed more power than all predecessors & could now be eyeing resurrecting Mao's famous title..
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- EU Defence Ministers Plan to Discuss East Mediterranean, Belarus, Afghanistan,
- UK Training Soldiers From Countries on Foreign Office's Human Rights Abusers List,
Modi Govt's Unpreparedness on CV Vaccine 'Alarming': Congress Leader Rahul Gandhi
- China's MoD Says Recent Drills Don't Target Any Country
- TikTok CEO Kevin Mayer Quits Company, Internal Email Says
- US Sanctions on RU Institute Working on Sputnik V Caused by Fear to Lose Leadership
- Russian Military Chief Holds Talks With US Gen. Milley on Recent Incident in Syria
- Pakistan Rejects India's Claim Pulwama Attack Executed at Islamabad's Behest
- Russia Detains Soldier on Suspicion of Espionage for Ukraine in Siberia
- Al Gore: Military Could Be Deployed If Trump Doesn't Concede Election Results
- DOJ Opens Civil Rights Probe Into Blake Shooting
- Category 4 Hurricane Laura Hits Southwest Louisiana
- Ex-Mossad Official About ISR Ties With UAE and Whether Other Stat Will Follow Suit
- Brazil's Northeast Takes Action & Signals Interest in Sputnik V
- Beijing 'Flexing Muscles' the Most in South China Sea
- US Decision to Blacklist Russian Institutes 'Seems Confusing', No Proof Provided
- TrumpChaos 'War' Campaign via Billboards in DC Amid RNC Convention
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THE REST FOR TOMORROW
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