DEC 14-15 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
Our fake Econ only survive with QEs & bailouts: Who benefit? The o.1 of billionaires
US MANUFACTURING PRODUCTION GROWTH SLOWS IN NOVEMBER
Industrial Production and Manufacturing remain significantly lower on a year-over-year basis with the latter actually decelerating in November...
After a surprising re-acceleration in October, analysts expected US Industrial Production growth to slow once again in November and it did but still managed a modest beat, rising 0.4% MoM (against +0.3% exp) from +0.9% MoM in October (revised lower). However, this left Industrial Production still down 5.34% YoY...
See chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm8CBA.jpg?itok=a-OFWBAT
Manufacturing production rose 0.8% MoM (double the expected 0.4% gain), slowing from the +1.1% MoM in October. This actually slowed the YoY momentum back to -3.7% YoY (from -3.5% YoY)...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm8871_1.jpg?itok=dEK1ZfEg
The INDUSTRIAL gap continues to widen...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm7E37.jpg?itok=z3i1XwLE
The question is - which way will the recoupling happen?
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SOURCE: https://www.zerohedge.com/markets/us-manufacturing-production-growth-slows-november
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IMPORT & EXPORT PRICES LANGUISH IN DEFLATION FOR 10TH STRAIGHT MONTH
However, core import prices (ex-food and fuel) rose 1.6% y/y in November
By Tyler Durden
With the dollar plunging, one could be forgiven for thinking import and export prices would be rising fast, but according to the latest data from the Bureau of Labor Statistics, both continue to languish in annual deflation.
- Import prices rose 0.1% MoM (less than the expected 0.3% rise) leaving YoY at -1.0% (worse than the -0.9% expected)
- Export prices rose more than expected at +0.6% MoM pushing the YoY change up from -1.6% to -1.1%
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfmCE7A_1.jpg?itok=NT8aA96U
That is the 10th straight month of deflation for both import and export prices.
However, core import prices (ex-food and fuel) rose 1.6% y/y in November...
See Chart:
Core import prices YoY
https://cms.zerohedge.com/s3/files/inline-images/bfm5DFF.jpg?itok=X4gMAMeE
The rest of this art has been cut or sabotaged
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SOURCE: https://www.zerohedge.com/markets/import-export-prices-languish-inj-deflation-10th-straight-month
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‘if all are in, who is left to buy?’ The death from Pfizer’ vacc-won’t buy: Hun.Th.Mill??
WILL "SANTA CLAUS" VISIT "BROAD & WALL"
“You have to wonder precisely how much ‘gas is left in the tank’ when even ‘perma-bears’ are now bullish. Therefore, the question we should ask is ‘if everyone is in, who is left to buy?”
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No way for Santa to buy flowers & placed in a cemetery, they wee incinerated
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Since 1990 a third of US population have returns below the average for the non-December months, but in Dec 2018 we saw a “lump of coal” in investors’ stockings.
See Chart
Min. Max, and average Returns by year
The next graphs show, in orange, aggregate cumulative returns by day count for the 30 Decembers analyzed. In the first graph, we plotted returns alongside daily aggregated average returns by day. The second graph is the percentage of positive days versus negative days by day count and returns.
See Charts:
https://cms.zerohedge.com/s3/files/inline-images/duo_1.jpg?itok=Ycre8xAT
The question is whether there is anyone “left to buy?”
Did Everyone Already Buy?
As noted in “Irrational Exuberance:”
“You have to wonder precisely how much ‘gas is left in the tank’ when even ‘perma-bears’ are now bullish. Therefore, the question we should ask is ‘if everyone is in, who is left to buy?’”
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/EnlgnpcWMAIqE-q%20(3).jpg?itok=pLKy0Bat
I assume perma-bulls (green) refer millionaires & perma-bear the middl & labor class
It is not just sentiment, but also the speculative positioning of investors. Currently, options traders are too lop-sided with “put/call” ratios very depressed.
See Chart:
20 Day moving average
https://cms.zerohedge.com/s3/files/inline-images/Put-Call-Ratio%20(1).png?itok=-xvpqa
Continue reading & see more charts at:
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SOURCE: https://www.zerohedge.com/markets/will-santa-claus-visit-broad-wall
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2.5 TRILLION REASONS TO CARE ABOUT THIS WEEK'S 'QUAD WITCH' OPTIONS EXPIRATION
...the Gamma & Delta Tilt metrics have seen fairly sharp reversals, which indicates some deterioration of the options structure. Said another way, we see options support crumbling...
Like all December option expirations, this month's is large, with $2.5tln of SPX-linked options notional (linked to 8% of the S&P's market cap) expiring on 18-Dec, but for a December, it is not extreme.
Nomura's Charlie McElligott notes that in recent days, flows have pivoted from "crash-up" FOMO hedges to actual "crash-down" protection
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/image001%20(21).png?itok=nAlhBPxU
Why?
- “extended post-election chaos” narrative farce and ensuing hedge unwind,
- “vaccine reflation / economic renormalization” pull-forward,
- increasing probability of a “lame duck stimulus” deal,
- pro-cyclical Q4 “risk-on” seasonality and
- “cyclical value over secular growth” rotation in thematic single-name
Have all been factors to offset and squelch index level vols, all further supporting the equities market “feedback loop”-supportive-flows from options Dealers.
The big change however, McElligott notes, has been client hedging focus:
- For the past few weeks, it had been about fear of missing the “Crash-UP,” .
- But over the past two days, we have now begun seeing grab instead for “Crash-DOWN” .
See Graph:
https://cms.zerohedge.com/s3/files/inline-images/image010%20(4).jpg?itok=Kb9bndRz
This has all happened as we approach this week's "unclenching" op-ex:
Post Op-Ex is always the “window for movement” as $Gamma typically “unclenches” the market from previously insulating Dealer hedging flows thereafter (i.e. window opening potentially tomorrow with VIX expiration through some time next wk), although the aggregate $Gamma has already dropped notably and currently down to just 25th %ile since 2013 with some likely monetization of upside winners
As SpotGamma notes, the Gamma & Delta Tilt metrics have seen fairly sharp reversals, which indicates some deterioration of the options structure. Said another way, we see options support crumbling.
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2020-12-15_6-45-08.jpg?itok=k3oxYInW BUT: main chart has been deleted.. sabotaged again?
2.5 Trillion Reasons To Care About This Week's 'Quad Witch' Options Expiration
CHECK THE PRESENTATION OF THIS ART: PUT vs CALL (green)
AT:
SOURCE: https://www.zerohedge.com/markets/25-trillion-reasons-care-about-weeks-quad-witch-options-expiration
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Brief news on US Economics
DOLLAR WATCH - WHERE RISK LURKS UNNOTICED
In a world that sees no risk, risk may be lurking unnoticed in the form of a potentially resurgent dollar...
See two Charts:
Chart 1: Sven Henrich (Sept 28)
Chart 2: Sven Henrich (Dec 13) : US Dollar index Future
https://cms.zerohedge.com/s3/files/inline-images/USD3.png?itok=3rHqhvpo
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SOURCE: https://www.zerohedge.com/markets/dollar-watch-where-risk-lurks-unnoticed
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
MITCH MCCONNELL OFFICIALLY CONCEDES JOE BIDEN IS "PRESIDENT-ELECT"
"The Electoral College has spoken..."
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TRUMP SEND VOTES DIRECTLY TO CONGRESS 'TO PRESERVE LEGAL OPTIONS'
"This will ensure that all of our legal remedies remain open..."
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CALIFORNIA LEADS WORST-HIT REGION AS US VACCINE ROLLOUT BEGINS: LIVE UPDATES
Sweden may suspend all non-emergency medical care in Stockholm as COVID crushes hospital capacity
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Terrorist lockdown:
NJ GYM THAT BATTLED GOV MURPHY'S CLOSURE EDICT FACES $1.2MM IN FINES
"He has arrested my partner and I, given us over 60 citations, some of them criminal. He fines us $15,497.76 per day..."
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Negotiation?.. Or terrorism to benefit illegal profiteers of pandemic crisis
"AMAZING" HYPOCRISY: DEMOCRATS MAKE WRECK OF COVID-19 RELIEF NEGOTIATIONS
Democrats stonewalled all year on a new pandemic relief package. Now they're proposing a new plan that undercuts even Republican proposals, and screws everyone but - get this - defense contractors.
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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
PUTIN FINALLY CONGRATULATES BIDEN AFTER ELECTORAL COLLEGE VOTE
"Vladimir Putin wished the President-elect every success and expressed confidence that Russia and the United States... can truly contribute to solving many problems and challenges that the world is currently facing..."
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THE EU IS AT A DANGEROUS CROSSROADS
...seems as if the EU is allowed to cost almost anything, economically and politically, as long as costs materialize primarily in the future. It could be because the goal is to create an economic and political union rapidly, before possibly recalcitrant populations force a slower pace...
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NEW CHINESE STUDY CONFIRMS COVID-19 ATTACKS TESTICLES, MAY AFFECT MALE FERTILITY
"Our findings provide direct evidence..."
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RUSSIAN SUB TEST-FIRES 4 NUCLEAR MISSILES IN DETERRENCE 'SHOW OF READINESS'
Long-range test against dummy targets designed to mimic active nuclear conflict scenario...
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SPUTNIK
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
-Paris Goes Into Night Time Lockdown as Government Fights Spread of COVID
- Trump Claims 68% Error Rate in Michigan Voting Machines
- Fears Grow Over Migrant Rush to US Border as Biden Prepares to Take Office
Will be this a 1st test for Biden: either genocide vs negotiated deal for peace++
- 'Mantle Melting Anomaly', Magma Reservoir System Reside Beneath Yellowstone
- Paris Goes Into Night Time Lockdown as Government Fights Spread of COVID
- ‘Is Joe Dying? Is It Covid?’ Twitter Reacts to Biden’s On-Air Coughing Fit
- Fauci: Trump and Biden to be Vaccinated 'Assap'. Why to kill both of them?
- Cancers, Strokes, Birth Defects: Iraq Reportedly Plans to Sue US Over Depleted Uranium Use Our Sup-Court must sue Penta + big Corp making weapons for same deceases caused to Amer-soldiers + families. And urge Biden & Congress to sign the deal already agreed with UN to start the Nuclear Dismantle world-wide
- Berliners Get Busy Christmas Shopping Ahead of Tough Coronavirus Lockdown
- China is 'Greatest Threat' Facing UK as it Seeks to 'Exploit Pandemic' The best gift for the whole humanity in Christmas is to bomb the nuclear sites of UK. Who said that?
- New UK Coronavirus Variant Has Key Mutations, Scientists Say CH study 9 variants
- Elliott Abrams Praises Hit on Iranian Nuclear Scientist
- Shooting Near Walter Reed Medical Centre in Maryland, FBI Agent may Involved
- Moderna COVID-19 Vaccine Shows 'No Specific Safety Concerns'
- Anti-Vaccine Protest Outside Parliament in London as Infections Surge in UK
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