SEP 14 2021 ND SIT EC y POL Part 1
ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
Bonds, Bullion, & Bitcoin Jump As Stocks Pump'n'Dump After CPI
by Tyler Durden
..it's that time of the month again!
A slightly weaker than expected CPI print prompted kneejerk panic-buying by the algos as it may delay The Fed's taper. However, record-er and record-er highs in stocks is just as likely to trigger financial stability anxiety among some Fed members and as the US cash market opened, sellers appeared and erased all the un-taper gains. Small Caps were worst on the day, Nasdaq the least bad...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_13-00-07.jpg?itok=S1iFirnI
Today was the worst for Small Caps and The Dow since mid-July
Stocks are red for the month of September...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm52CB.jpg?itok=eEz85YzC
A "down" day... umm! (S&P 6th down day of last 7)
The Dow broke below its 100DMA..
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_12-04-33.jpg?itok=ztoLsEe8
The S&P tested down to its 50DMA once again - will this be a dip to buy, or is September's back-half seasonality about to bite?
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_12-03-24.jpg?itok=zXv_bs-y
Small Caps broke down below the 100DMA, heading to 200DMA support...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_12-05-29.jpg?itok=YKuzHWf9
Apple investors seemed unimpressed by the new bright shiny objects... New iPad (same as the old one except faster, oh and smaller iPad mini), New Apple Watch (bigger display), Guided Meditation (seriously), and a new iPhone 13 (that looks exactly like all the other iPhones)
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_12-11-19.jpg?itok=GNojtfC9
Financials underperformed today as yields tumbled and banks made headlines on trading volume outlook reductions and "normalization". Healthcare was best today, managing to hold unchanged...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm7356.jpg?itok=TfB2FqKB
Defensive and Cyclical stocks both fell together today, no rotational flows...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm6915.jpg?itok=Yj9SFxQ_
Treasury yields were down notably across th e board today, all bond bid aggressively from the CPI print...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm7404_0.jpg?itok=udxszd0N
30Y Yield tumbled to 6-week lows..
See Chart:
US 30Y Yield vs CPI
https://cms.zerohedge.com/s3/files/inline-images/bfm2347.jpg?itok=CLHmC5Xb
UST 10Y Yield fell back below its 50DMA...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfmEA8C.jpg?itok=lhzR3W_Y
Debt Ceiling Anxiety Proxy continues to rise as McConnell said "Republicans are united in opposition to raising the debt ceiling"..
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfmBD19.jpg?itok=-2xz8-Zq
The B-dollar index dived on the CPI miss, bounced back, scrambling to recover its losses as stocks legged down...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm492F_0.jpg?itok=z1wSzMyU
Gold spiked back above $1800 today...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_12-19-40.jpg?itok=UdLKoYpZ
Finally, it feels like we are getting close... Nasdaq 100 (Growth) is back at record highs relative to The Dow (Quality).
See Chart:
Growth / Quality ( Nasdaq 100 / Dow)
https://cms.zerohedge.com/s3/files/inline-images/bfm7669.jpg?itok=Y0X_h0Nk
And no, investors aren't hedged..
See Chart:
Investor increasingly less hedged
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14%20%285%29.png?itok=OBUQWDfM
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by Tyler Durden
..."makes no sense"...The copper-gold ratio is telling the message of Fed and Treasury manipulation.
Building on his thoughts from earlier in the year that the dollar "is doomed," DoubleLine Founder Jeffrey Gundlach reiterated in tonight's webcast that any "economic growth we're seeing isn't really economic growth," it's just spending funded by "massive amounts of tools and devices The Fed has used."
As he noted previously, consumption is not really the economy. The economy is about production. And when you buy goods produced in Asia with stimulus money, it shows up as GDP, but it's really Asian GDP. It's consumption in the United States. "So the economy isn't really that strong with five million fewer jobs."
Even with all the stimulus...
See Chart:
CV-19 Fiscal Stimulus as of GDP comparison
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_15-27-47.jpg?itok=HQ48bKNc
“The Fed decided to go big early,” Gundlach said and warns that policy makers going big with stimulus will be a “recurring theme” going forward, building on his previous thoughts that:
"We're running our economy in a way that is almost like we're not interested in maintaining global reserve currency status."
Specifically, the new bond king points out that it only took 20 weeks to unleash stimulus in these terms this time around, versus 80 weeks during the GFC...
See Chart:
Change in US Public Dept ous: Pandemic vs. GFC (% GDP)
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_15-29-08.jpg?itok=W5r90nV3
And along with massive expansion of The Fed's balance sheet (and concomitant interest rate manipulation), Real Fed Fund rates are dramatically negative (the last time we had negative interest rates of this magnitude wasn’t because interest rates were low, but because inflation was high), and while we have “high-ish inflation,” Gundlach warns it’s not like the ’70s...
See Chart:
Real FED Funds Rate
https://cms.zerohedge.com/s3/files/inline-images/2021-09-14_15-31-18.jpg?itok=wNNRDfFo
Continue reading and se more charts at:
SOURCE: https://www.zerohedge.com/markets/jeff-gundlach-warns-history-books
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Microsoft Announces Record $60 Billion Buyback Just As Market Was About To Break Key Support
And that's how you bail out the market. [ See Chart ]
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Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
Why The Biden COVID-19 Vaccine Mandate Is Unconstitutional
And why Kavanaugh may be key.
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California County Sheriff: "I Will Not Enforce Vaccine Mandate"
"I’m not anti-vax... As your Sheriff I have an obligation to guard your liberty and freedom..."
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Milley had two 'back-channel phone calls' with China's top general...
Update (1906ET): President Trump has responded to claims that Milley had a back-channel with his Chinese counterparts and would warn them of any impending attacks.
"If the story of “Dumbass” General Mark Milley...is true, then I assume he would be tried for TREASON in that he would have been dealing with his Chinese counterpart behind the President’s back and telling China that he would be giving them notification “of an attack.”" wrote Trump in a statement.
That said, Trump also said that "The good news is that the story is Fake News concocted by a weak and ineffective General together with two authors who I refused to give an interview to because they write fiction, not fact. Actions should be taken immediately against Milley, and better generals in our Military, of which we have many, should get involved so that another Afghanistan disaster never happens again."
"For the record, I never even thought of attacking China - and China knows that," Trump continued.
Continue reading at:
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Buchanan: Who And What Is Tearing The US Apart?
What is Bush saying here? That Ashli Babbitt... and Mohamed Atta...are “children of the same foul spirit.”
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The Masking Of The Servant Class: Ugly COVID Images From The Met Gala Are Now Commonplace
Greenwald, as usual, does not hold back...
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NBA Won't Impose Vaccine Requirement On Players After Union 'Refused To Budge'
Any proposal that mandates vaccination remains a "non-starter."
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California County Sheriff: "I Will Not Enforce Vaccine Mandate"
"I’m not anti-vax... As your Sheriff I have an obligation to guard your liberty and freedom..."
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Federal Judge Blocks New York State Health Care Worker Vaccination Mandate
“What New York is attempting to do is slam shut an escape hatch from an unconstitutional vaccine mandate,”
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis, D rest in limbo
Global Debt Hits A Record $300 Trillion, Up $36 Trillion Since COVID
"The rise in household debt has been in line with rising house prices in almost every major economy in the world,"
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Contaminated Pfizer Vaccines Reported In Several Japanese Cities
In Sagamihara, white substances were reported at three different vaccination sites on Sept. 11, 12 and 14.
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China's Xi Snubbed Biden's Suggestion Of Face-To-Face Summit In Phone Call
"Disappointment" after Xi displayed no interest...
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It may not just be the tech sector where
the party has ended for businesses in China.
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SPUTNIK NEWS : https://sputniknews.com/
-Trump Says Reports of Milley Contacting Chinese General Would Amount to 'Treason' if True
- 'We Said Yes to Science': Gavin Newsom Gives Remarks After Holding Off California Recall Vote
North Korea Reportedly Launches Two Ballistic Missiles Towards Sea of Japan
- B-2 Spirit Stealth Bomber Damaged in Emergency Landing at US Air Force Base in Missouri
- Live Updates: US Media Projects Gavin Newsom Will Stave Off Recall Effort
- Foreign Aid Remains Crucial for Future of Afghanistan
- Hawley Pans Biden a 'Disgrace' Over Afghan Withdrawal, Vows Hold on Defense & State Dept. Nominees
- Hawley Pans Biden a 'Disgrace' Over Afghan Withdrawal, Vows Hold on Defense & State Dept. Nominees
Hundreds of Thousands Without Power as Tropical Storm Nicholas Brings Deadly Floods to US South
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