FEB 9- 2021 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
The US Economic collapse is clear:
It's party time for zombie companies everywhere as "high yield" is now officially "low yield."
The record stock market euphoria and the resulting "dash for trash" seen in recent days as pennystock after pennystock has exploded higher on the back of bull raids orchestrated by redditors and complicit hedge fund managers, has spilled over into the JUNK BOND MARKET where the average yield on US junk bonds just dropped below 4% for the first time ever as investors keep piling into an asset class historically known for its "high yields" (hence the name), although if sub-4% is considered high then there is a problem.
As shown below, the Bloomberg Barclays U.S. Corporate High-Yield index dipped to 3.96% on Monday evening, its sixth straight session of declines.
See Chart:
US HY Bond Yield
https://cms.zerohedge.com/s3/files/inline-images/HY%201%202021-02-09.jpg?itok=sTVGLva6
Despite the recent rise in nominal treasury yields amid surging 10Y breakevens, investors have continued to gobble up junk bonds at a record pace as an alternative to the "not so high yield" offered by what is known as less-risky bonds such as Treasury’s.
See Chart:
US Junk Bond Yield vs UST 10Y Yield
https://cms.zerohedge.com/s3/files/inline-images/HY%202%202021-02-09.jpg?itok=Waxj0hFX
As a result of this unprecedented demand for junk, a majority of new issues, even those rated in the riskiest CCC tier of junk, have been hugely oversubscribed. So much so, in fact, that according to Credit Suisse, this year has witnessed a remarkable rally in lower quality HY paper with the "triple hooks", i.e., the lowest quality CCC bonds up already +1.9% for the year and yields now sitting at record lows at 6.7% for our the broad Credit Suisse index.
See Chart:
CCC yields are at the record lows
https://cms.zerohedge.com/s3/files/inline-images/CCC%20yields%20record%20low.jpg?itok=uU2Jam67
CONTINUE READING & see more charts & Comments at
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DEBT & THE DEMISE OF THE MIDDLE CLASS
Authored by Charles Hugh Smith via OfTwoMinds blog,
Unfortunately for those at the top who've benefited immensely from speculative bubbles, speculative bubbles don't create a vibrant middle class... they push what's left of the middle class off a cliff.
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/wealth-top10a%20%281%29_0.jpg?itok=qaQhTN3Z
The conventional view defines the middle class by income, education or type of labor being performed. These are all superficial attributes and ignore what actually differentiates the working class from the middle class. Yes, the middle class tends to earn more, have higher educational credentials and perform white-collar labor rather than blue-collar labor.
But getting a higher education credential and increased pay doesn't automatically provide a middle class role in the economy, nor does performing white-collar work. None of these automatically moves the individual up the social mobility ladder from near-zero ownership of capital (working class) to meaningful ownership of productive capital (middle class).
As I explained in The Top 10% Is Doing Just Fine, The Middle Class Is Dying on the Vine, the middle class is fundamentally a means of transforming labor into capital via savings and investment. The traditional ladder of social mobility from the working class to the middle class is one of capitalizing work: time and savings are invested in higher education, in effect capitalizing future labor by increasing productivity.
See Chart:
Shared of Gross Domestic Input: relentless 50 years decline in wages
The status quo "solution" to the decline of middle class ownership of income-producing capital is an economy that is now totally dependent on speculative bubbles.
Unfortunately, this "solution" has only enriched the top 10%, as the bottom 90% collect a near-zero 3% of all income from capital, which indicates that 1) the bottom 90%, which includes the middle class, own near-zero income-producing capital and 2) that capital they do own is either rapidly depreciating "stuff" (vehicles, appliances, etc.) that generates zero income or dead-money assets such as family homes that cost a fortune but produce no income and are no longer reliable investments, as the next bubble burst might evaporate the phantom homeowners equity generated by the serial housing bubbles.
See Chart:
10% of US Population owns 88% of all stock held by households
As the middle class stagnates, so do the banks and producers of goods and services, and the lower-wage working class who labors in services and low-productivity producers. As the middle class awakens to the fact that the rungs of social mobility are broken, a systemic breakdown is predictable, a topic Jay Taylor and I discuss in the Upcoming Revolt of the Middle Class (22 min)
Unfortunately for those at the top who've benefited immensely from speculative bubbles, speculative bubbles don't create a vibrant middle class--they push what's left of the middle class off a cliff.
….
SOURCE: https://www.zerohedge.com/personal-finance/debt-demise-middle-class
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WTI DIPS AFTER BIGGEST GASOLINE BUILD SINCE APRIL
by Tyler Durden
...gasoline stocks saw the biggest build since April 2020, suggesting demand may not be as robust as some hoped...
WTI traded around $58.40 ahead of the API print, popped higher initially (crude draw) but faded as the gasoline build data became obvious...
See chart:
WTI
https://cms.zerohedge.com/s3/files/inline-images/2021-02-09%20%283%29.png?itok=CtD9Z7vy
“There is, to some extent, a limit on the upside to prices,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “We still have a lot of OPEC supply to come onto the market, and the faster prices go higher, it implies OPEC is going to bring back supply sooner.”
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SOURCE: https://www.zerohedge.com/energy/wti-dips-after-biggest-gasoline-build-april
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
You DEMs cannot buy the future, It is against US Constitution
SENATE VOTES TRUMP IMPEACHMENT TRIAL CONSTITUTIONAL, SIX REPUBLICANS BREAK RANKS
"We are really here because the majority in the House of Representatives does not want to face Donald Trump as a political rival in the future..."
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Tomorrow Mid day we will see it
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IF YOU THOUGHT THE 2020 ELECTIONS WERE CHAOTIC, JUST WAIT
H.R.1 includes all of the greatest hits of 2020: Mandatory mail ballots, ballots without postmarks, late ballots, voting in precincts where you do not live... The Senate companion bill, S.1, might be even worse
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"The goal... is to provoke Trump supporters into a violent response, so they can usher in their Domestic Terrorism Act (Patriot Act 2.0) and implement a modern-day techno gulag solution..."
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THE DUMBING DOWN OF AMERICA IS POISED TO ACCELERATE
Political correctness demands mediocrity. So expect more of it
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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
I don’t trust any US News on China.. too much xenophobia in US + not evidences
CHINA ECONOMY ROLLING OVER HARD AHEAD OF LUNAR NEW YEAR
Most real-time indicators of China are showing a sharp slowdown across the economy which appears to be rolling over in everything from traffic and mass transit, to manufacturing to services [ See Chart ]
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Biden’ risky war-monguerism can’t be trusted. He wants to initiate WW3
TWO US CARRIERS HOLD EXERCISES IN SOUTH CHINA SEA AS BEIJING BLASTS 'BLOW TO PEACE & STABILITY'
Pentagon under Biden has ordered no less than two carrier groups to "China's backyard"...
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This is very irresponsible policy that demand immediate impeachment process
People‘ signatures must be collected in streets for Senate to decide
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We should never trust the US Press & Yes: ‘who controls the present control the future’
BUCHANAN: OF RIOTERS, PROTESTERS, & PATRIOTS
...the media are the self-anointed judges. They decide which riots are benign and which are malignant...
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We the Nation who fight for radical change, are controlling the present now. Our aims are clear: controlling means of production by & for labor & middle classes. That include resources given by nature (land, water, minerals ++) and those instruments of work elaborate by humans (machines, buildings, roads ++) that has to be transferred from billionaires to States controlled democratically by direct workers. If we control our present we will control our future= REV
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JAPANIFICATION ON THE ROCKS: JGBS SLIDE IN LONGEST LOSING STREAK SINCE 2003
10-year government bond futures fell for a tenth consecutive session on Tuesday, their longest losing streak in 18 years.
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Hiroshima & Nagazaki couldn’t dive and can't communicate" either: Accidents?
JAPANESE SUBMARINE COLLIDES WITH BULK CARRIER WHILE SURFACING
Accidents or old ani-Japan phobia?
"The submarine can't dive and can't communicate."
"Soryu scraped the hull of the vessel as it was surfacing. It is extremely regrettable the MSDF submarine has collided with a commercial ship," Defense Minister Nobuo Kishi said. He added an investigation has already been launched.
Bradley Martin, a RAND Corp analyst and former US Navy captain, analyzed the submarine's damage via photographs. Due to the damage sustained in the collision, he said the submarine's capabilities were extremely limited.
"I wouldn't call the damage minor. The submarine can't dive and can't communicate," Martin told CNN.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- US Senate Approves Trump's Impeachmt Trial Is Constitutionl Though is not Pres now
- Six Republican Senators Who Voted That Trump Impeachment Is Constitutional
- Israeli Intelligence General: Iran Could Make Nuclear Bomb in Two Years
- 'Million' UK Users Sue Facebook for Allegedly 'Losing Control' of User Data Through Third Parties
- Global Number of New COVID-19 Cases Falling
- Canada Report: Iran Official Record on Flight PS752 Being Intentionally Hit
- Idaho Police Mistakenly Shoot Wrong Man in His Own Backyard During Manhunt
- Trump Was ‘Screaming’ His Defense Lawyer’s Ramble Opening Argumts,
- Head of US Army War College Suspended Amid Investigation
- Dem Senator Manchin Pushes Biden to Reverse Keystone XL Oil Pipeline Ban
- Canadian Business Threatened by 'Hostile' Chinese, Russian Activity
- Israeli Scientists Produced World's First 3D Printed Laboratory-Grown Steak
- Wall Street’s Tech Barometer Nasdaq Cracks 14,000-Point Ceiling First Time Ever
- Reps Slam Trump Defense Team's Performance on Day 1 of Senate Impeach
- US City of Philadelphia Replaces Columbus Day With Indigenous Peoples’ Day
- Biden’s DOJ Plans to Pursue Assange Extradition From UK Is he ultra-rightist neo-nazi
- Trump Lawyer Warns Against ‘Commonplace Partisan Impeachments’
- US Man Charged in Capitol Riots Says He Worked for FBI, Holds Top Sec- Clearance
- Trump Defense Team Lawyer Castor Delivers 'Horrible' Speach at Impeachment Trial
- Five People Injured in Shooting at Minnesota Health Clinic
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FEB 9 -2021 ND SIT EC y POL SPANISH ++
REBELION
ALC: SOBREVUELO POR UN CONTINENTE SUBLEVADO
CV: Distrib desigual de vac ent países ricos y pobres: virus contin-prop
BRA: MENTALIDAD PRIVATIZADORA DE BOLSONARO H López
MX-desaparic-forzada ¡SE LOS TRAGÓ LA TIERRA! Carlos de Urabá
África: Sindicatos del mundo exigen justic y referénd de autodeterm
Perú: ELIMINA LA INMUNIDAD PARLAMENTARIA Raúl Allain
Kropotkin: TEXTO FUNDAC DEL ANARQUISMO CIENTÍFICO J Aller
ARG: MODELO AGROPECUARIO EXPORTADOR Y EL FMI H Rovelli
ARG: Estado y TIC EMBARRARON LA CANCHA F Corbière
Ecol-Esp: legado pandem y amianto para n-minist de Sanid, C Darias
Econ: Desfachatez de Lagarde y Guindos cuando habl de deuda públi
BRA: BOLSONARO FORTALECIDO Eric Nepomuceno
FEM: Somos cuerpos de agua SOMOS RÍOS QUE FLUYEN Ana Claudia
FEM: El inexistente Síndrome de Alienación Parental (iSAP) Iruñe C
Cuba: PROGRAMA DE ESPECIES PARA MEDICINA VERDE
Ecuad: TIEMPO ELECTORAL Y BANDERAS DEL ARCO IRIS J Arjona
Ecuad: Segunda vuelta: el neoliberalismo el gran derrotado Eloy OP
España: La cárcel dentro de la cárcel: la 3ra ola de CV-19 M Cúneo
España: LAS ESTRELLAS SOLO SE VEN EN LA OSCURIDAD A Moreno
USA: AL REVÉS David Brooks
USA: Crisis hegemónica y oportunidad estratégica para ALC J Elbaum
Europa: ITALIA, DEL DRAMA A LA FARSA Michel Fonte
Mundo: La mayor lucha por la democ tiene lugar en la India Isa F
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RT EN ESPAÑOL
Senado confirma constitucionalidad del juicio político contra Donald Trump https://actualidad.rt.com/actualidad/383020-senado-eeuu-confirmar-constitucionalidad-juicio-politico
Quieren afirmar a Biden mediante el ataque a Trump: buscan impedirle el regreso el 2004 y atropellan la Constitución: el impeachment solo procede con 1 Presid que esta en el cargo y Trump ya dejo de estarlo. Impedir su regreso es también inconstitucional. Lo veremos hoy. La gente sospecha que se han comprado de senadores Rep, puede ser cierto pero no hay forma de probarlo. Tampoco hay forma de impedir que regrese. Hoy al medio dia lo sabremos. Pero Trump tiene que cambiar de abogado. Verems que pasa
Reportan que Trump se sintió "profundamente infeliz" por la actuación de su abogado
https://actualidad.rt.com/actualidad/383059-trump-ser-profundamente-infeliz-abogado-juicio-politico
Circulo la noticia de que ese abogado extravió las notas para su presentación del caso o quizá se las robaron. Quizá también vendió su traición. Prácticamente Trump no tuvo abogado que lo defienda. Y esto por supuesto lo afecto mucho a Trump. No soy pro Trump pero me pareció un abuso lo que están haciendo. Es el poder del dinero, pensé.
Se inicia en Perú la vacunación con el fármaco chino Sinofarm https://actualidad.rt.com/video/383052-iniciarse-peru-vacunacion-sinofarm
Confio en los Labs Chinos, ojala contenga el reciente avance del que hable ayer.
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3
-Biden’s Iran Policy Is Just Trump’s Policy With A Rainbow Flag By C J
- Don’t Impeach Trump. Impeach Deep State for Its Conspiracy to Kill the Constitution By John W. Whitehead & Nisha Whitehead
- A “Capitol” Offense: Selling Out the People By Douglas Johnson
- US Constitution: An Undemocratic, Flawed Document By Ch Davé
- Palestinian Boycott of Israel is Not Racist, It is Anti-Racist By R B
- Foreign Roots of Haiti’s “Constitutional Crisis” By Mark Schuller
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- The Indivisibility of Life By Julian Rose
- US Supported “Nazism” in Ukraine. By Stephen Lendman
- In RU ‘Aggress’, Biden Forgets He Is d Problem, Not Solution By S R,
- Mass Manipulation – How It Works By Peter Koenig
- mRNA Vaccines Actually Killing and Injuring Patients By Gary G. K
- Ecuador’s Election: Inside the Citizens’ Revolution By Ben Norton,
- Biden Adm: The Return of Neoliberal Madness? By Black A f Peace
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VOLTAIRE NET ORG https://www.voltairenet.org/en
FRANCE CONFRONTED WITH THE JIHADISM OF ITS TURKISH ALLY
by Thierry Meyssan
SOURCE: https://www.voltairenet.org/article212155.html
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FRANCIA ANTE EL YIHADISMO DE SU ALIADO TURCO
por Thierry Meyssan
FUENTE: https://www.voltairenet.org/article212168.html
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CROSS TALK https://www.rt.com/shows/crosstalk/
CENTRAL BANKS SWIM AGAINST THE RIP CURRENT (E1656)
Max and Stacy look at the central banks getting ready to deploy yet more ‘tools’ to fight the economic and banking rip currents. In the second half, Max continues his interview with Mike Maloney of GoldSilver.com about the US dollar at 50.
Source: https://www.rt.com/shows/keiser-report/514886-central-banks-covid-backup-plan/
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DEMOCRACY NOW
Amy Goodman’ team
-WATCH LIVE: Historic Senate Impeachment Trial of President Trump for Inciting Capitol Insurrection
- Senate Puts Trump on Trial in Historic Second Impeachment Case for Inciting Capitol Insurrection
- Disabled Advocates Demand Better Vaccine Access as They Face Greater Risks of Dying from COVID-19
- Amid Unrest in Haiti, ICE Deports Dozens — Including a 2-Month-Old Baby — into “Burning House”
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