MAR 3- 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
WHY THE SLR IS ALL THAT MATTERS FOR MARKETS RIGHT NOW
"If SLR relief does not happen, buybacks mean that banks will trim their balance sheet on both sides, shedding deposits, reserves, and also treasuries."
One of the biggest buzzwords in finance right now is the three letter acronym SLR, which stands not for a discontinued and particularly expensive Mercedes model, but for SUPPLEMENTAL LIQUIDITY RATIO -SLR- a limit on how leveraged US banks can get - and whose fate could mean the difference between a stabilization in the bond market a violent, market-wide crash.
Here's what's going on.
Back on April 1, 2020, just as the market was crashing and one week after the Fed unleashed its bazooka to avoid a total systemic collapse, the Fed announces temporary change to its supplementary leverage ratio (SLR) rule "to ease strains in the Treasury market" and "increase banking organizations’ ability to provide credit to households and businesses." Specifically, the Fed change would exclude U.S. Treasury securities and deposits at Federal Reserve Banks from the calculation of the rule for holding companies. The change would be in effect until March 31, 2021
By adjusting the SLR, the Fed enabled enabled banks to hold more "no-risk" securities such as Treasuries without having to add the assets to calculations of how indebted they are. In doing so, the Fed effectively permitted banks to massively expand their leverage and hold as many Treasurys and deposits on their books as the market demanded without punishing them for being in breach of various SLR thresholds. In total, the SLR adjustment cut the capital demand on big banks by an estimated $55 billion and allowed more than $1 trillion in additional activity.
The problem however, is that in four weeks this temporary adjustment to the SLR is set to expire. This comes at an extremely sensitive moment for banks and the bond market.
We first explained why one month ago in our post explaining why "Mind-Boggling Liquidity" was about to be unleashed on the markets: "Nobody Is Paying Attention To The $1.1 Trillion Flood About To Hit Markets." As a reminder, as a result of reduced US funding needs, the Treasury forecast that its cash balance held at the Fed (also known as the TGA or Treasury General Account) would plunge by $800 billion, from $1.729 trillion at Dec 31, 2020 to just $800 billion.
See Chart:
US Treasury General Account Balance & Morgan Stanley projection for 2021
https://cms.zerohedge.com/s3/files/inline-images/Treasury%20cash_2.jpg?itok=Y7G97j29
CONTINUE READING AT:
SOURCE: https://www.zerohedge.com/markets/why-slr-all-matters-markets-right-now
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WATCH REAL, NOT NOMINAL YIELDS
"Real yields are still very low, just not quite as low as they were.
This is what to watch."
The charts below look at a long-term 2-year rolling correlation between the two for nominal and real yields. As can be seen there is no “one-size-fits-all” relationship. However, some important trends have occurred
See Charts
https://cms.zerohedge.com/s3/files/inline-images/rolling%20correlation.jpg?itok=u4i4IPeM
SEE MORECHARTS AT:
SOURCE: https://www.zerohedge.com/markets/watch-real-not-nominal-yields
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STOCKS & BONDS HAMMERED AS HINDENBURG OMEN STRIKES ...well that can't be good!
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HOW HIGH COULD INFLATION SOAR IN COMING MONTHS... AND WHAT WILL THE FED DO
Goldman's answer: core inflation could spike to 2.5% by year end, which may push tapering forward to the end of 2021, but don't expect any rate hike for many years...
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NASDAQ CRASHES THROUGH CRITICAL RESISTANCE, GIVES UP MARCH GAINS
... we are growing quite concerned that markets are increasingly susceptible to a "sucker punch"
Nasdaa is now down almost 1.5% since the end of February (and down almost 5% from Monday's exuberant highs)...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-03-03_11-28-32.jpg?itok=zHBZS_bd
The losses sped up as Nasdaq broke below its 50-day moving-average
...and is clinging to the 13,000 level... and 12,800 is the nest level to test
See Chart:
Vol Trigger vs Zero Gamma
https://cms.zerohedge.com/s3/files/inline-images/2021-03-03_11-36-23.jpg?itok=JB2RZfiH
As SpotGamma warned last night, positive gamma refuses to materially build around current SPX price levels, and as such we are growing quite concerned that markets are increasingly susceptible to a "sucker punch".
….
SOURCE: https://www.zerohedge.com/markets/nasdaq-crashes-through-critical-resistance-gives-march-gains
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
MIKE ROWE: EVERYONE IS ESSENTIAL
“You can’t just call somebody essential without implicitly suggesting that half the workforce is not essential..."
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$350 BILLION COVID "BAILOUT" TO STATES, CITIES, AND COUNTIES: HERE ARE BIGGEST WINNERS AND LOSERS
Buried within the 591-page bill is a $350 billion bailout for 50 states, tribal governments, U.S. territories, and more than 30,000 cities and counties.
Will the two new Democratic senators, Jon Ossoff and Raphael Warnock, from Georgia still vote for this bill even though it shifts $1.5 billion of their Georgia tax dollars to California and New York? What about Sen. Joe Machin (D-WV), whose state is losing $991 million due to the allocation change?
Furthermore, we found that Puerto Rico received more funding at $4 billion than 22 states. Including an extra “plus up” from the previous CARES Act Covid aid bill, the District of Columbia received more funding at $2.3 billion than 13 states.
See Chart:
Top ten Govts Receiving Aid in Amer Rescue Plan Act of 2021
https://cms.zerohedge.com/s3/files/inline-images/states%20bailed%20out.jpg?itok=RiNwr_u4
Cites and Localities – $65 billion
The largest cities received huge allocations of aid. For example, New York City received $4.3 billion, which is more money than 25 state governments. Chicago, with their bonds at junk status, was allocated $1.98 billion, an amount more than 12 state governments.
Democrats apparently don’t believe anyone will object to giving big bailouts to prosperous towns. Beverly Hills, CA, will receive $6.3 million while the Hamptons, NY, will get $8.6 million. They’re followed by Key West, FL ($10.1 million); Greenwich, CT ($21 million); Oyster Bay, NY ($32.7 million); and Cambridge, MA ($65 million).
CONTINUE READING AT:
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WE ARE WITNESSING A LAST MINUTE MASS EXODUS BEFORE THE FINAL COLLAPSE OF OUR MAJOR CITIES
Americans fled the big cities “in droves” in 2020, and one recent survey discovered that even more Americans are planning to move in 2021...
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13 KILLED IN CALIFORNIA CRASH ALLEGEDLY ENTERED US ILLEGALLY VIA BORDER FENCE HOLE: OFFICIALS
“...human smugglers have proven time and again they have little regard for human life...”
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THE QUALITY OF LIFE IN THE UNITED STATES IS GOING DOWN THE TOILET
...even though we are taking so many “happy pills”, Americans continue to kill themselves at a staggering pace, and this is particularly true for our young people..
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CALIFORNIA HIGH SCHOOL ATHLETES SUE GOVERNOR OVER INDOOR SPORTS RESTRICTIONS
“It’s been a little bit annoying considering I’ve been working hard all this quarantine and then we just keep getting cancelled, it’s just frustrating,”
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Military response based on wrong assumptions:
FBI COUNTERTERRORISM OFFICIAL: NO FIREARMS RECOVERED DURING JAN. 6 CAPITOL BREACH "If that was a planned armed insurrection,
you really have a bunch of idiots."
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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
War-mongerism: stupid way of seen the future
US INDO-PACIFIC COMMAND SEEKS $27 BILLION TO FACE CHINA
Because "great power competition" gets expensive, apparently...
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It doesn’t matter the lose of money nor the lose of life. Ridiculous!
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They are following our past mistakes
MYANMAR SECURITY FORCES FILMED SHOOTING INTO ANTI-COUP CROWDS, 33 PROTESTERS DEAD
Anti-coup activists are also alleging instances of summary executions happening in the streets...
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JAPAN'S WELL-FED ZOMBIE CORPORATIONS
only the Bank of Japan can pave the way out of the zombie economy
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SPUTNIK : https://sputniknews.com/
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- US House Passes Democratic Election Reform Bill
- Houthis Claim They Fired Missile at Saudi Aramco Site in Saudi Arabia’s Jeddah
- Man Beheads 17-Year-Old Daughter, Tries to Bring Her Severed Head to Police Stat
- People in German-Speak Nations Trust in Sputnik V More Than AstraZeneca Vaccine
- Biden Already Breaking New Non-Intervention Pledge, Nobel Peace Nominee Says
- Polish Prime Min to Ask Court to Confirm Superiority of Constitution Over EU Law
- Yemen’s Houthis Claim Control Over Majority of Marib, Govt’s Last N-Stronghold
- Tehran Accuses US of Profiting From ‘Blood Trade’ by Selling Saudi Coalition Weapons for Yemen War
- US Sents Re-Introduce Bill to Repeal War Authorization Powers After Syria Airstrikes
- Japanese Billionaire Invites Eight People to Join Him on SpaceX Flight to Moon
- Biden Rips Republican Governors Who Lifted Mask Mandates - Video
- Pentagon Took Over 3 Hours to OK Deployment of National Guard to Capitol Riot
- ‘Unconstitutional Power Grab’: Pence Slams Democrats’ Sweeping Voting Reform Bill
- Terrorists Shelled Syria's Idlib De-escalation Zone 24 Time, said Reconciliat Center
- Germans Must Make Gov't Pursue Nord Stream Project to Ensure Economic Security
- US Flew Unprecedented 75 Spy Plane Missions Over South China Sea in Feb
- Penta: Alleged DPRK Nuclear Activity May Be 'Bargaining Chip' Against US Sanctions
- US Plans to Continue Targeted Measures Against Myanmar Military
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MAR 3 -2021 ND SIT EC y POL SPANISH ++
REBELION
Mund: MIGRACIONES Y DESARROLLO DE LOS PAÍSES E Rodríguez
US: Biden o “el mismo perro con diferente collar” C Flanagan
FEM: Feminismo se abre paso en espacio islámico + controversia AM
ALC: Las nuevas encrucijadas de América Latina Claudio Katz
ALC: CEPAL LLAMA A EVITAR RETROCESO EN POLÍTICA DE GÉNERO
Cult-Pol: EL LEGADO DE ROSA LUXEMBURGO Roberto Montoya
India «Han vendido todo. Sólo quedan los campesinos» Daniel Kent
FEM: ¿Por qué neonazis sí pueden desfilar pr Madrid y fems no? M N
Opin: ¿ESTADO DE BIENESTAR O DE MERCADO? J Paz-y-M Cepeda
US: ¿REGRESO A LA NORMALIDAD? David Brooks
US: MÁS ALLÁ DEL ASESINATO DE UN PERIODISTA Rodolfo Bueno
US: Biden bomb Siria: “Estados Unidos ha vuelto” Caitlin Johnstone
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RT EN ESPAÑOL
"El mundo está asustado": por qué la variante brasileña del coronavirus https://actualidad.rt.com/actualidad/385239-mundo-variante-brasilena-coronavirus-preocupaci%C3%B3n-internacional
No es para menos y es Perú el mas asustado pues compartimos la jungla amazónica. Pensamos viajar allí si se desata el WW3. La familia se quedará n US a luchar por la Paz
US. Public nueva guía de seg-nacionl: "prevenir armamentis” y "dialogar con RU-CH" https://actualidad.rt.com/actualidad/385289-nueva-guia-seguridad-nacional-eeuu-rusia-china
Bla-Bla: Biden esta haciendo exactamente lo inverso: mas venta d armas y mas guerras (Siria ++). La relación con RU_CH se basa en el chantaje nuclear y en la falsia. Lo cierto es que Biden nos ha llevado al borde del WW3. Nada de lo que dice se puede creer.
Maduro: "la variante brasilera del coronavirus" ha sido detectada en Venezuela https://actualidad.rt.com/actualidad/385301-maduro-anuncia-variante-brasilera-coronavirus-venezuela
VEN es otro país que comparte la jungla amazónica. Es el pais mas golpeado por el imperio porque quieren apoderarse de su petróleo. El Plan norte del proyecto tras-continental (unir los países del Pacifico con lo del atlantico) queda en suspenso, pero el plan SUR es posible que prospere con ayuda China. Este Plan no toca la jungla Amazon
Biden extiende declarat de emerg: considera a Ven "amenaza inusual y extraord" pa US https://actualidad.rt.com/actualidad/385272-eeuu-extiende-emergencia-nacional-respecto-venezuela
Biden es mas anti-latino que Trump. Es real amenaza contra el Sur. Razon tiene el amigo Mariguela de BRA de decir que si hay WW3 lo 1ro que tenemos que hacer es bombardear las embajadas del US y las empresas que lucran del Sur. El odio es mutuo y Biden lo esta llevando al extremo. Veremos los resultados.
BIDEN - AMLO: COSAS DE VECINOS los grupos de poder pueden cocinar mitos y mentira https://actualidad.rt.com/programas/zoom/385254-biden-amlo-cosas-de-vecinos
Pero abajo el viejo sueño de mejor vida en el norte se va evaporando. El inmediato contagio del CV y la muerte segura pues no hay vacuna ni hospital para ellos esta haciendo cambiar el mito y ya no hay los montones de gente buscando cruzar la frontera. Lo que si hay son metrallas listas a eliminarlos pues aquí se dice que la pandemia viene del sur. Las encuestas de opinión aquí en el norte ya indican la caída del flujo migratorio. El viejo mito y la mentira han cambiado el panorama ‘migra’. Pronto tendrán que abrir puertas los del US pues la migra presiona hacia abajo el salario y el labor del norte pide se eleve el salario mínimo. Veremos que viene luego.
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3
- US attack on Syria:
Meet the new boss, same as the old boss, and the boss before that
By Scott Ritter
- Biden’s Syria Attack: An Actual Impeachable Offense By Ron Paul
- The Pentagon, First, Last, and Always By Mandy Smithberger
- Is mob justice now poetic justice? By Jonathan Turley
- The Universe Is Just Trying To See Itself By Caitlin Johnstone
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- The Pfizer COVID-19 Vaccine Is an “Unapproved Product” By M Ch
- Biden Escalates “War on RU by Other Means”. Target now: “Regime Change” By SL
- EU’s Participat in New Cold War against Russia By Clare Daly
- Pfizer $2.3 Billion 2009 Medical Fraud Settlement. US Dep of Justice By C-Span
- Home Invasions: All Ways Govt Can Lay Siege to Your Property By J W. W
- ideo: The Truth About the COVID-19 Vaccine By Dr. Simone Gold
- The A-symmetric West-Iran Conflict: Danger Ahead! By Jan Oberg
- Biden Set to Inflict Wounds on Eurasia By M. K. Bhadrakumar
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CROSS TALK https://www.rt.com/shows/crosstalk/
KEISER REPORT: A SCARCITY
OF HONEST PROFITS
Max and Stacy look at the “growing concern that market-based inflation expectations have become unreliable as indicators,” i.e. the central banks have destroyed the price signal foundational to free and fair markets. In this environment, we see Goodhart’s Law at work: When a measure becomes a target, it ceases to be a good measure. Billionaire hedge fund investor Paul Singer says of the “market craziness” that there is a “scarcity of honest profits.”
SOURCE: https://www.rt.com/shows/keiser-report/517097-inflation-expectations-honest-profits/
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DEMOCRACY NOW
Amy Goodman’ team
- Asian American Communities Organize Against Rise in Hate Crimes, Say More Policing Is Not the Answer
- Cuomo Must Go: Calls Grow to Remove NY Governor over CV Nursing Home Cover-up
- Latinx Farmworkers Risk Their Lives During Pand. Many Now Struggle to Access Vaccs
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