SEP 29 20 ND SIT EC y POL

SEP  29  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

 

Where is my Money?

BONDS & BULLION BID AS STOCKS & DOLLAR SKID

COVID concerns (NFL cases and NYC positivity rates), a lack of stimulus progression, and the uncertainty ahead of tonight's presidential debate weighed on stocks and the dollar, but sparked a safe-haven bid under bonds and precious metals...

The machines tried as usual to get back to even but with no lasting luck (weakness into Asia close and European close and US close..

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-09-29_12-59-32.jpg?itok=TpIdcJku

 

"Where's my money!"

Gold futures topped $1900...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-09-29_12-02-51.jpg?itok=PLsGCm1n

 

Gold bounced off its 100DMA...

See Chart:

Spot Gold  100 DMA

https://www.zerohedge.com/s3/files/inline-images/bfm794E_0.jpg?itok=mzQAsHqq

 

As Real yields tumbled, precious metals were bid...

See Chart:

Ten Y real yield (inv)  vs Spot gold

https://www.zerohedge.com/s3/files/inline-images/bfmCA7_1.jpg?itok=bmcVdooC

 

Election uncertainty continued to surge

With the VIX curve notably perturbed...

See Chart:

VIX Term structure:  todas vs two Wks ago

https://www.zerohedge.com/s3/files/inline-images/bfm87E4.jpg?itok=qIFXNaiM

 

The B-dollar Index  leaked lower again today...

See Chart:

TRUMP FASCISM  BLOCKED CHARTS

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No chances for US  of good business with oil until 2026

WTI REBOUNDS ABOVE $39 AFTER SURPRISE CRUDE DRAW  

Another surprise crude draw last week according to API data but a surprise gasoline product build offset some of the excitement...

The sell-off in equities, “which have been propping up oil prices recently, is exposing the oil markets’ weak fundamental backdrop,” said Ryan Fitzmaurice, commodities strategist at Rabobank.

WTI was hovering around $39 ahead of the API data and bounced modestly on the data...

SEE CHART:

https://www.zerohedge.com/s3/files/inline-images/2020-09-29_13-30-46.jpg?itok=SwGLWCEL

 

We do note that the clashes between Armenia and Azerbaijan have "kept markets on edge," as an escalation in the conflict "could affect oil and gas exports from Azerbaijan," said analysts at ICICI Bank.

Three of the world’s biggest independent oil traders said consumption won’t meaningfully recover for at least another 18 months. That comes as Total SE said demand growth will end around 2030 and Pierre Andurand, chief investment officer and founder of Andurand Capital Management LLP, called for demand to peak in 2026.

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YALE ECONOMIST WARNS OF LOOMING DOLLAR COLLAPSE 

...three factors will ultimately doom the dollar..

Peter Schiff has been warning about a looming dollar collapse. During an appearance on Fox Business in July, Peter said the dollar isn’t just going down, it’s going to crash.

“I think the dollar is going to keep drifting down until it collapses,” Peter said. 

“And this is going to usher in a real economic crisis in America, unlike something we’ve ever seen.

Peter is not alone. In a recent article published on SCMP.com, Yale economist Stephen Roach said he expects the dollar to plunge by as much as 35% next year.

Roach lists three factors he thinks will ultimately doom the dollar.

This reflects three considerations:

1.       the rapid deterioration in macroeconomic imbalances in the United States,

2.       the ascendancy of the euro and renminbi as alternatives, and

3.       the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era.”

Roach called the confluence of an erosion in domestic savings and the current account deficit “nothing short of staggering.”

Contiune reading at:

SOURCE: https://www.zerohedge.com/markets/yale-economist-warns-looming-dollar-collapse

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US  DOMESTIC POLITICS

Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

 

The US imperial power is over and we do not have post neoliberal plan

JIM QUINN: THE ONLY THING 'SYSTEMATIC' IS THE DESTRUCTION OF AMERICA 

We are far from the republic Franklin and his fellow patriots gave us, and as Franklin foreshadowed, we were unable to keep it...

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"CORRUPTION !!!" - FURIOUS TRUMP QUESTIONS WHY OBSERVERS WERE BARRED FROM EARLY VOTING SITES 

Trump observers are being denied entry to the satellite voting locations across the city...

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THE MOST MISERABLE PLACE ON EARTH: DISNEY FIRING 28,000 WORKERS 

Two-thirds of the newly laid-off workers are part-time employees: they will be happy to know that Disney loaded up on massive debt so it could fund stock buybacks.

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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

 

Risk of  WW3 with Trump are pretty clear:

'RAPID STRIKES TO FOLLOW': IRAQIS SEE US THREAT TO SHUTTER EMBASSY AS PRELUDE TO WAR 

US doesn't “want to be limited in their options” to weaken Iran or pro-Iranian militias in Iraq.

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Tax evasion is serious crime. Trump must be in jail

HOW MANY OF THESE QUESTIONS WILL CHRIS WALLACE ASK JOE BIDEN? 

"You have vowed to rescind the Trump tax cuts.  Can you think of a single example of a country that recovered from a recession by raising taxes?"

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SPUTNIK and RT SHOWS

GEO-POL n GEO-ECO  ..Focus on neoliberal expansion via wars & danger of WW3