SEP 7 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
IS ANYONE WILLING TO CALL THE TOP OF THE EVERYTHING BUBBLE?
Authored by Charles Hugh Smith via OfTwoMinds blog,
Can extremes become too extreme to continue higher? We're about to find out
Is anyone willing to call the top of the Everything bubble? The short answer is no. Anyone earning money managing other people's money cannot afford to be wrong, and so everyone in the herd prevaricates on timing. The herd has seen what happens to those who call the top and then twist in the wind as the market continues rocketing higher.
Money managers live in segments of three months. If you miss one quarter, the clock starts ticking. If the S&P 500 beats your fund's return a second time because you were bearish in a bubble, your doom is sealed.
When the bubble finally pops and everyone but a handful of secretive Bears is crushed, the rationalization will cover everyone's failure: "nobody could have seen this coming."
Actually, everyone can see it coming, but the tsunami of central bank liquidity has washed away any semblance of rationality.
It is now irrational to expect markets to ever reconnect with reality.
That said, if you glance at the charts below, this is about as a good a time as any for the bubble to burst.
Recall that bubbles don't need a specific trigger-event to pop, they simply stop going up.
See Chart:
Regression to trend: insane extreme.
https://cms.zerohedge.com/s3/files/inline-images/stock-extremes9-21a.png?itok=zHd2qnFf
S&P 500 stocks over 10 times annual sales: insane extreme.
See Chart:
S&P 500 Index
https://cms.zerohedge.com/s3/files/inline-images/SPX-over-10X-sales9-21.jpg?itok=n_lovNKD
S&P 500 Everything Bubble compared to bubbles #1 and #2: insane extreme.
See Chart:
S&P 500 Futures
https://cms.zerohedge.com/s3/files/inline-images/SPX-long-term9-21a.jpg?itok=2enhGjXQ
S&P 500 stocks above their 200-day moving average: insane extreme.
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/SPX-above-200MA4-21a%20%281%29.jpg?itok=4rwMSr4U
Billionaire wealth increasing in the Everything Bubble: insane extreme.
See Chart:
Wealth of the top 400 wealthiest Americans
https://cms.zerohedge.com/s3/files/inline-images/wealth-top400a%20%281%29.jpg?itok=TomHPt95
Are there any limits on irrationality? Apparently not. But there are still limits in the real world and central bank liquidity is distorting the real world, not just the imaginary world.
At the grave risk of twisting in the wind as the S&P 500 goes to 5,000, 10,000 and 100,000, let's call September 2021 the top of the Everything Bubble. Can extremes become too extreme to continue higher? We're about to find out.
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SOURCE: https://www.zerohedge.com/markets/anyone-willing-call-top-everything-bubble
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STOCKS, BONDS, BULLION, & BITCOIN ALL DROP AS DOLLAR POPS
by Tyler Durden
"Sell all the things"... except AAPL!
Cryptos made all the headlines today as they pumped and then super-dumped around a narrative of El Salvador 'sell the news' chatter (and IMF, BIS, and World Bank disappointment that the South American nation dared to edge away from their fiat-uber-alles world)..
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm2264.jpg?itok=v7flf16F
Interestingly, through the last few weeks since El Salvador unveiled its plans to adopt Bitcoin as legal tender, the market's perception of the nation's credit risk has improved significantly...
See Chart:
El Salvador 5Y CDS Premium (Down)
https://cms.zerohedge.com/s3/files/inline-images/bfm613.jpg?itok=6WtYYzzq
A little context for today's move in bitcoin is perhaps worthwhile... (Bitcoin fell from just below $53,000 to just below $43,000 today, but is still up over 50% since El Salvador first floated the idea in early June)...
See Chart:
BITCOIN
https://cms.zerohedge.com/s3/files/inline-images/bfm9094.jpg?itok=ULZGJvVc
It felt a little like this for a while today...
But then the El Salvadorean president stepped in along with a few others to buy the engineered dip...
See Chart:
Bitcoin (Down)
https://cms.zerohedge.com/s3/files/inline-images/bfm4EC7.jpg?itok=zVptuOi5
Equities were also dumped today with Nasdaq the only major index to manage gains from Friday. The Dow was the worst performer, followed by Small Caps. NOTE that US futures sold off like clockwork at the cash open yesterday BUT the cash market was closed!...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-07_12-59-54.jpg?itok=z-HH3qVN
The Dow pushed down to near 3-week lows, testing towards its 50DMA...
https://cms.zerohedge.com/s3/files/inline-images/2021-09-07_12-49-36.jpg?itok=dTdOoos_
AAPL rallied to yet another new record high (with a market cap of over $2.60 trillion). NOTE - AAPL first crossed the $1 trillion in August 2018...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm6258.jpg?itok=CZuQtd5_
Defensives took a beating today, erasing last week's outperformance; but cyclicals were also sold today...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm3D75.jpg?itok=r0K6rm9u
Treasuries were also sold today, relatively evenly around +4bps across the curve (2Y outperformed)...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm7F06_0.jpg?itok=JeIMOwqG
The Dollar had its best day in over 3 weeks today after treading water yesterday during the Labor Day break
See Chart:
Bloomberg Dollar Index
https://cms.zerohedge.com/s3/files/inline-images/bfmCF03.jpg?itok=gmfAyygx
Gold was also hit today along with everything else, trading back below $1800...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-07_12-38-08.jpg?itok=HmDoCOC1
And oil was also sold today, with WTI testing below $68 briefly...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-09-07_12-40-57.jpg?itok=2BLH7pLo
Finally, Goldman Sachs points out that the US Financial Conditions Index eased by 4.8bp to an all-time low of 96.94 over the last week. In other words, the market (and economy presumably) has never, ever faced an 'easier' policy setting. There's just one thing...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm5B15.jpg?itok=eS5u-14I
For over a year, US financial conditions have done nothing but get easier and easier and actual US economic data has done nothing but get worse and worse than expectations.
….
SOURCE: https://www.zerohedge.com/markets/stocks-bonds-bullion-bitcoin-all-drop-dollar-pops
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
Vaccination = terrorism against the Nation
RUTGERS UNI STUDENT BANNED FROM TAKING ONLINE VIRTUAL CLASSES BECAUSE HE'S UNVACCINATED
No jab, no education.. (inverted)
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Eventually CV killers will go to jail: too many deaths behind their nasty business
QUINN: "THIS WAR ON COVID WILL NEVER END"
"We are approaching a point of no return. If we don’t resist now, we may never get another chance..."
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BRING ALL THE TROOPS HOME: STOP POLICING THE GLOBE AND PUT AN END TO ENDLESS WARS
By John W. Whitehead & Nisha Whitehead via The Rutherford Institute,
Don’t fall for the propaganda, though. America’s military forces aren’t being deployed abroad to protect our freedoms here at home. Rather, they’re being used to guard oil fields, build foreign infrastructure and protect
“Let us resolve that never again will we send the precious young blood of this country to die trying to prop up a corrupt military dictatorship abroad. This is also the time to turn away from excessive preoccupation overseas to the rebuilding of our own nation. America must be restored to a proper role in the world. But we can do that only through the recovery of confidence in ourselves…. together we will call America home to the ideals that nourished us from the beginning.”
- George S. McGovern, former Senator and presidential candidate
It’s time to bring all our troops home.
Bring them home from Somalia, Iraq and Syria. Bring them home from Germany, South Korea and Japan. Bring them home from Saudi Arabia, Jordan and Oman. Bring them home from Niger, Chad and Mali. Bring them home from Turkey, the Philippines, and northern Australia.
It’s not enough to pull American troops out of Afghanistan, America’s longest, bloodiest and most expensive war to date.
It’s time that we stop policing the globe, stop occupying other countries, and stop waging endless wars.
That’s not what’s going to happen, of course.
The U.S. military reportedly has more than 1.3 million men and women on active duty, with more than 200,000 of them stationed overseas in nearly every country in the world.
Those numbers are likely significantly higher in keeping with the Pentagon’s policy of not fully disclosing where and how many troops are deployed for the sake of “operational security and denying the enemy any advantage.” As investigative journalist David Vine explains, “Although few Americans realize it, the United States likely has more bases in foreign lands than any other people, nation, or empire in history.”
Don’t fall for the propaganda, though.
America’s military forces aren’t being deployed abroad to protect our freedoms here at home. Rather, they’re being used to guard oil fields, build foreign infrastructure and protect the financial interests of the corporate elite. In fact, the United States military spends about $81 billion a year just to protect oil supplies around the world.
The reach of America’s military empire includes close to 800 bases in as many as 160 countries, operated at a cost of more than $156 billion annually. As Vine reports, “Even US military resorts and recreation areas in places like the Bavarian Alps and Seoul, South Korea, are bases of a kind. Worldwide, the military runs more than 170 golf courses.”
This is how a military empire occupies the globe.
After 20 years of propping up Afghanistan to the tune of trillions of dollars and thousands of lives lost, the U.S. military may have finally been forced out, but those troops represent just a fraction of our military presence worldwide.
In an ongoing effort to police the globe, American military servicepeople continue to be deployed to far-flung places in the Middle East and elsewhere.
This is how the military industrial complex, aided and abetted by the likes of Joe Biden, Donald Trump, Barack Obama, George W. Bush, Bill Clinton and others, continues to get rich at taxpayer expense.
Yet while the rationale may keep changing for why American military forces are policing the globe, these wars abroad aren’t making America—or the rest of the world—any safer, are certainly not making America great again, and are undeniably digging the U.S. deeper into debt.
War spending is bankrupting America.
Continue reading at:
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For those looking for echo-journalism that reaffirms their assumptions, liberals are more likely to realize such confirmation bias on networks and cable programs.
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TAIBBI: THE MORAL MAJORITY STRIKES AGAIN
When Rachel Maddow, Rolling Stone, and others jumped on a dubious report of ivermectin overdoses, it was just the latest in a string of moral mania mishaps
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RON PAUL WARNS PANDEMIC OF AUTHORITARIANISM IS THE REAL THREAT
This outbreak of judicial tyranny is a symptom of the authoritarianism pandemic that is the real threat to America...
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DEMOCRATS FACE SNAFU IN SEPTEMBER AS DEBT CEILING, SPENDING PACKAGE WOES COME TO A HEAD
"They have the slimmest margin possible and no room for error."
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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
"You need to find another destination country, and it can't be the U.S. either."
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Finally an article free of Xenophobia
WHAT IS THE GOAL OF BEIJING'S NEW STOCK EXCHANGE?
Cynics speculate that the move foreshadows encouraging – or coercing – major firms that are currently listed outside mainland China to return.
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WHO CALLS OUT WEALTHY NATIONS FOR HOARDING COVID TREATMENTS & VACCINES
"This is not just unfair, it’s not just immoral, it’s prolonging the pandemic," Dr. Kerkhove said. "And it is resulting in people dying."
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IRAN SAYS IT WILL "DEFINITELY" RESUME VIENNA NUCLEAR TALKS AFTER OVER A MONTH OF STALLING
But talks should take place without any "pressure"
from Western countries, Raisi warned.
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SPUTNIK NEWS : https://sputniknews.com/
-Biden Says China Has 'Real Problem' With Taliban
- USGS: 7.0-Magnitude Earthquake Strikes Southern Mexico, Near Acapulco
- What Do We Know About New Taliban-Appointed Key Acting Gov't Members in Afghanistan?
- Taliban Leader Says Sharia Law Will Be in Force in Afghanistan
- 'This is Their Real Face': Taliban Scolds US for Destroying CIA Base Outside Kabul
- Taliban Ready to Have Relations With US, Welcomes Participation in Afghan Reconstruction
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