FEB 2
18 SIT EC y POL
ND denounce Global-neoliberal
debacle y propone State-Social + Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is
over. Financiers know it, they documented with graphics
Economic
situation today
Today, and
this week, saw some extremes:
This
week was the worst for bonds & stocks combined since Feb 2009
See chart:
Risk-Parity
funds had their worst day since May 2017 today...
See chart
And
debt ceiling anxiety is back as the Bill curve inverts...
see chart:
The
Dollar Index managed its first weekly gain of the year, but remains well below
the Trump rescue highs...
See chart
….
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"If Alan Greenspan is correct then a chart I have been watching
and musing about for a whilemay be the ultimate bear chart..."
This is a ratio chart of
$TNX (10 year yield) vs the $SPX and yields a stunning picture:
See chart:
But if the ratio breaks below its neckline, then
this chart may indeed prove to be the ultimate bear chart.
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"Ominously,
we’re now in the deregulation stage following the bull run. We know what
comes next, just not when. Count on one thing: it won’t be pretty. "
The Emperor Has No Rules
Nearly every regulatory institution in Trumpville
tasked with monitoring the financial system is now run by someone who once
profited from bending or breaking its rules. Historically, severe
financial crises tend to erupt after periods of lax oversight and loose banking
regulations. By filling America’s key institutions with representatives of just
such negligence, Trump has effectively hired a team of financial
arsonists.
Naturally, Wall Street views
Trump’s chosen ones with glee. Amid
the present financial euphoria of the stock market, big bank stock prices have
soared. But one thing is certain:
when the next crisis comes, it will leave the last meltdown in the shade
because our financial system is, at its core, unreformed and without adult
supervision. Banks not only remain too big to fail but are
still growing, while this government pushes
policies guaranteed to put us all at risk again.
There’s a pattern to this: first, there’s a crash; then comes a period
of remorse and talk of reform; and eventually comes the great forgetting. As time
passes, markets rise, greed becomes good, and Wall Street begins to champion
more deregulation. The government attracts deregulatory enthusiasts and then,
of course, there’s another crash, millions suffer, and remorse returns.
Ominously, we’re now in the
deregulation stage following the bull run. We know what comes next, just not
when. Count on one thing: it won’t be pretty.
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“Speculation
is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be
successful, to prevent a lot of money from becoming a little.”
Since the beginning of this
year, we have been warning of the potential for a correction. Of course, such
warnings seemed pointless as the nearly “parabolic” rise in the markets
seemed unstoppable. The chart below shows the current
acceleration through the end of January.
But all of a sudden, something seems to have changed as the market stumbled this
past week and has been unable to regain its footing.
So, what “woke” the
markets?
Was it
the sudden realization that Central Banks globally are reducing Q.E. programs? Or,
that economic growth may be weaker than expected given recent numbers? Or,
something else?
Whatever,
the excuse turns out to be, the real culprit is seen in the chart below.
As I
have been discussing “ad nauseam” over the last couple of years, interest
rates are now stuck in a trading range that will likely remain between 0-1% during the
next recessionary drag with a 3% ceiling as seen in 2014. Importantly, rates are at levels of overbought conditions
only seen 3-times previously going back to 1980.
Since
stocks are ultimately a reflection of the economy, it is hard to suggest that
stocks will continue to rise in the face of higher rates.
Is this the beginning of the next major market
correction?
Probably not.
As
with every previous major market correction in history, investors were always given multiple warnings
BEFORE the crash actually occurred.
(We have a special report coming out next week to our newsletter subscribers only discussing
these warning signs. Click
here to enter your email address if
you want a copy of this report.)
Of
course, few investors heeded those warnings because they had been lulled into
the belief “this time is different.”
It wasn’t then. It won’t be next time either.
THESE ARE THE READINGS FOR THIS
WEEKEND
Economy & Fed
- Trumps Trade & Investment Goals Don’t Add Up by Caroline Baum via MarketWatch
- What Really Worries Wall Street Analysts by Simon Constable via US News
- Will The Fed Start Q.T.? by Kevin Muir via The Macro Tourist
- Ugly Politics & The U.S. Stock Market by Macromon via Global Macro Monitor
- Countering The Bond Bear Narrative by Edward Harrison via Credit Writedowns
- Why Don’t Republicans Fret About The Debt Anymore? by Annie Lowrey via The Atlantic
- $AMZN Should Not Be In Charge Of Fixing Our Healthcare by Eric Levitz via New York Magazine
- Trump Dreams Of A 1950’s Era Economy by Noah Smith via Bloomberg
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Markets
- Edwards: It Feels Similar To 1987 by Tyler Durden via ZeroHedge
- What You Need To Do Now BEFORE The Tumble by Michael Sincere via MarketWatch
- These 4-Indicators Say Buy The Dip by Bryce Coward via Knowledge Leaders
- Momentum Isn’t Magic by Sanjurjo & Miller via The Conversation
- Why Won’t The Market Correct? Greed! by Howard Gold via MarketWatch
- Are You Ready For The Next Market Melt-DOWN by Michael Kahn via Barron’s
- The 401k Brag by Sally French via MarketWatch
- The Reasons Why I’m Not Bailing On Bonds by Michael Cannivet via RCM
- Is U.S. Economy Hostage To The Stock Market by Robert Samuelson via RCM
- Bull Market Piles Up Some Urgent Questions by Nir Kaissar via Bloomberg Gadfly
- Key U.S. Stock Levels To Watch For The Week Ended 02/02/18 by Jesse Colombo via RIA
- The Next Maestro by Michael Lebowitz via RIA
….
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POLITICS
Seudo democ y sist duopolico in US is obsolete; it’s full of frauds & corruption. Urge
cambiarlo
"...people
may finally look back and wonderhow we
could have been so foolish to hand total control of our economy over to an
unelected committee of bureaucrats with a mediocre track record... and
then expect them to get it right forever."
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James Comey,
Andrew McCabe, Sally Yates and Rod Rosenstein are "traitors to our nation"
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WORLD
ISSUES and M-East
Global depression is on…China,
RU, Iran search for State socialis+K- compet. D rest in limbo
"Temptation to 'deal' with
North Korea with apre-emptive attack,
is strong..."
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DEMOCRACY
NOW
US politics crisis: Trump
captured by Deep state to reproduce old cronyism without alter-plan
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars:
its profiteers US-NATO
A quien vende Tillerson su imagen de
sucesor de Trump? To neocons or Judith lobby or both
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INFORMATION
CLEARING HOUSE
Deep on the US political
crisis, their internal conflicts n chances of WW3
Read: The Full Text of the Nunes Memo By Rep. Devin Nunes
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The Second Dossier By Paul Craig
Roberts
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US Largely to Blame for Venezuela’s Crumbling
Economy?
By Joe Emersberger
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COUNTER
PUNCH
Ajamu
Baraka Liberal
Totalitarianism and the Trump Diversion
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Serge
Halimi The
Pentagon’s Useful Idiots
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Miriam
Pemberton Huge
Military Budgets Make Us Broke, Not Safe
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Ron
Jacobs A
History of Resistance
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SPUTNIK
and RT SHOWS
Geopolitics & the nasty
business of US-NATO-Global-wars uncovered ..
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US Congress Releases Republican Memo Alleging
FBI Abuse of Power .. against
campaign officials of US president Donald Trump.
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Dozens of Iranian Women Arrested for Taking
Off Headscarves in Public Stupid medieval Law!.
In
south Peru ladies with beautiful body go naked into a beach until the sunset is
over and boyfriends bring a big towel and a quarter of anisado to celebrate
them. Obesity is not clap, they get boo it. The same happens in beaches of Sao
Pablo, Brasil. Beauty is celebrated in public, not in closed nude- camps. La desnudez es signo de
decencia humana si no se lo hace por dinero. The
decency of naked females are respected and supported by people in Peru, Chile
and Brazil. It is common to see in the andes of Peru: young mothers breasting
their babies in public busses, I saw in the Sunday-market of Capachica town (Puno-
Peru), young ladies with some flowers in the top of her hat to say “I’m
available”. It doesn’t mean that boys can assault them (they are kill, if
happens). It only means that she has the right to select the pretender to
invite him to her house. It is clear to them that dignity and decency of women is
not in the middle of their legs, is in their mind. Garotas from BRA (beautiful afro-latinas) dance
in the streets of Sao Pablo with tiny-tangas (almost naked) and they are
brought to Peru big-cities to celebrate the onomastic of the town. Garotas are
not prostitutes; they are professional dancers with enough stamina to dance
several Kilometers showing the beauty of black girls. They’re paid by
Municipality-city plus some voluntary donations from rich people and the
public. It helps to break down racial stereotypes from the oligarchical past.
Black people is very religious and they create their own Saint “El Senior de
los Milagros” , the most venerated in the entire coastal area of Peru. “If they
survive the brutal slave time when building the railroads and the nasty slave in
white farms.. is because they are bless by god” Peruvian people use to say.
I’m Panteist:
I do believe in two Gods: The SUN and Mother Earth, their energy and clarity
are the only source of life. Our main party start in June 24, the most
beautiful festivity in Peru, in Cusco, the heart of the Andes. I do believe in
ethics without religious dogmas and I do love the beauty of all afro-Americans,
starting with afro-latinas.
In short, Garotas should be hired by Teheran’
mulas to put down the stupid medieval Laws and dogmas on women. Will they do
so? .. Or, they have to clean their dirty mind on women first. How long it would take?
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DoJ: Alleged Russian Hacker Levashov
Extradited to US From Spain What is the
business behind?
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Nuclear Posture Review is based
on a realistic evaluation of the world’s security situation and the need to
deter the use of nuclear weapons, US President Donald
Trump said
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Tillerson suggested Venezuela
may face a military coup before his Latin American visit.
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RT SHOWS
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IN CASE
YOU MISS IT:
Introduction
First: ’m
American but against WW3. This won’t bring winners.. only more destruction,
migrations and death.
Second:
I noticed that my country is getting ready to start WW3, one sector of the
“deep state” is doing so. They consider that 1st strike will be so
massive that no response will come from RU China. Facts indicate that there
will be automatic response.
Third: Their
motive for 1st strike is just business (oil and pressure from the economic
collapse we are facing). Our Nation did not commit such faults. Big Corp did it, the profit from the
explosive inequality that neoliberalism has created and they want to expand
this obsolete system to China and RU.
Furth. On
the other hand, the US motive for WW3 has nothing to do with basic principles
of JUST WAR:
BEFORE
WAR 4 principles has to be consider:
1-Public
declaration of war from a proper authority. This implies
a. the recogniotion of certain
areas as war zones and certain states as
belligerents &
non-belligerents.
b. respect the right of
neutrality to those countries that do not want to intervene.
c.The concept of proper
authority also inhibits intervention in domestic conflicts of other states.
2- Just
cause. This consider that pure business as cause is illegal and
unethical. It also consider the restoring of peace as main motive and is clear
that WW3 will prevent that aim. Imposible
to control its magnitude, and so the restoring of peace.
3. Righ
intent . It implies that the amount of violence and death has to be calculated at its
minimum. The use of nukes makes imposible the right intent.
4-The
peaceful end , that is also imposible to be calculated.
DURING
WAR two principles has to be consider.
1st
Proportionality , that refers the means of violence: it prohibit the
uses of atomic, biological n Chemical weapons, in order to minimize civilian
casualties.
2nd
principle: Discrimination: that is the respect
of non combatants and neutral zones. None of them are possible with WW3.
THE
ILLEGALITY OF WW3
If we consider the Nuremberg
Judgments incorporated into International Law by a UN Gral Assembly Res in Dec
1946 and in the Genocide Convention of 1948, both
signed by the US, WW3 is an intentional violation of International Law.
Accoring to those Laws we will incur in WAR CRIMES and CRIMES AGAINST
HUMANITY.
We Americans are obliged by laws, otherwise we are not Americans. Those who are in favor of WW3 are not Americans. They
are against the life of Americans, so they are usurping
power in our country. They should be declared
illegal rulers . We have the right to impeach them in States and regional
Referendums, and the right to mobilize people to take them out from
power. NOBODY OWES OBEDIENCE TO ILLEGAL RULERS.
REGARDING
RUSSIA
Putin is undisputable world
leader in the fight for new multilateral World ORDER in favor of Peace and
development . What happens in Iraq, Libia and Syria (destruction and genocides) are getting an end
thanks to Russia. Ksenia Sobchak in the
interview in Worlds
Appart had the right to ‘cacareo’ on
dictatorship from the State Power in RU, but it was unfair to blame one single person –Putin- for all mistakes committed during his
administration. The
Fact is that although US blockages and sanctions on RU, the economic and
political situation of this country –RU- is stronger than the US and NATO
allies, except at the military level. Putin needs order
inside to face the Rusofobia implemented by West powers lead by US politicians. Putin’ team is definitely in favor of PEACE and their honesty and perseverance pays off: RU is getting new friend outside. All that he need
is the support of his people. I am sure that he can
mobilize many, many thousands of people in his support. I’m sure that at
the end of the electoral campaign he will discuss with the other major
contender.
Meanwhile Ksenia Sobchack, representative of middle-class entrepreneurs
in Russia, has to be sure that Putin will pay attention to the economics of middle
size sector of entrepreneurs , even when
they believe that the US is example of
democracy to be follow. The Fact is the Democ in Amer is the most corrupted one.
In this country the big corp involve in speculation got all the benefit QEs and
other free USD printed from the thin air. The main tax exoneration is for them,
not for the productive sector and much less for common people.
When
the Tresury tray to place a kind of Tobin Tax to big speculators in Wall Street,
they rejected. Big Corp won’t abandon their voracious gluttony until the
neoliberal system is crashed and changed
radically. FDR did it in 1935 when a NEW DEAL was reached and the Glass Stegall
Act was enacted. The recession is coming again and then there won’t be place
for speculators to invest their devaluated USD. For the US the only way to cope
with the recession is to cut the military budget and bring troops home.
Then
will make sense the petition of Trillion from Trump to rebuilt infrastructure and
give job to the soldiers brought back home. That requires a deal with Putin to
dismantle the nuke arsenal in both sides, to start the process at global scale.
In the recent SOTU Trump said is not his priority. Now the Nation and “deep
state” not involved in creating more weapons & wars are searching the way
to take him out of power. If Trump recur to WW3 to save himself, that is deemed
to fail. We are not ready for WW3. Once missiles hit the Penta-milit power,
nuclear sites, banks printing USD, and dumps.. is over. The FED will disappear and
5 to 10 regions will create a new map of North America.
POST
NEOLIBERAL AGENDA IS THE MAIN ISSUE
A real
post neoliberal agenda to rebuild the economy need to boost the middle size productive
sector in both sides, US & RU. Then Ksenia Sobchack will have the choice of
invest here or there. In my view a new type of socialism will emerge in both
sides. China a Germany are ready for this and RU has the background required to
put together capitalist competition and State support to health, education and house
for all and free from private speculation.
The main
problem now is that the US is preparing a first nuke strike against RU and that demands the internal unity & solidarity from their
Nations.. I’m sure that Russia with Putin
will respond to the West as it happens in WW2, if the Weat attacked again.
This is macro frame that has to
be considered when we address the
internal political context of any country. Is PEACE vs. WAR the main political problem
today and whoever wants to be the next President in Russia or the US has to be prepared and ready
to addressed it in the proper way and respecting the
rules of the debate.
…
(‘cacareo’
is the noise made by chickens when they put an egg in
wrong place and wrong time)
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NOTICIAS
IN SPANISH
Latino America looking for
alternatives to neoliberalism to break with Empire:
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PRESS
TV
Global situation described by
Iranian observers..
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Besides used in
different cuisines, saffron has proved to be an amazing herbal medicine. In
Peru we called Asafran, a root with orange color inside
-like sweet potato though with nice taste- when shred to soups or meals for 10
to 15’ before removed the pot from fire, it gives special flavor to meals. In
Cusco & Puno (Peru) they shred
saffron root in a tine coffee cup an put it inside a filter of the
coffee-maker-, then boil a big cup of water for 10’ and is done (hot water is
the key for good saffron tea).
EFFECTS: in elder people helps to recover memory, in men n
women after 40s it stimulates the libido n sex potency. In most people it bring
relax, heart stability and comfort.
It is a
magic root in the east of the Andes (the shores of the Amazon). Some native
tribes use saffron in daily cooking and it is consider for shamans (herb
medicals) a God root that helps to recover from what-ever health problem during
and after hospitalization. Saffron is especially recommended for women during
and after menopause.
It is
better that coca-mate to stabilize the heart and avoid ‘soroche’ (attitude discomfort) when you plan to walk
to the top of Machu Pichu.
Shamans in
Cusco said that Pre-Inca culture (Chimu among them) discover the properties of
azafran. During the INCA Empire it was took to Chiloe (South of Chile where the
phallus is venerated), here they mix cold tea-saffron with ‘piure’ –an orange
herbal joke from the sea- . I got this in Talcahuano-Concepcion-Chile,
the lady from Peru in this store added to that mix, a small cup of red Chilean
wine and told me that this is the Viagra for some Chileans. After 10’ I drank
such mix and I got the effects.
Today some
natives in the amazon-jungle sell this root at expensive price. Why? Because it cost to much to put metal fences in
the area it is cultivated. Saffron root is the sajinos (wild pork) preferred
food and they vandalize the cultivated area and take all azafran. (It is
difficult to stop sajinos –they come by hundreds- unless you have a machine gun).
I was in the jungle: I tasted the root and I say it is much better than “maca”
tea (the grass that in the Andes is eat by camels: alpacas, vicuñas and llamas).
‘Maca’ is
the main component of Viagra & similar. The big-pharma-Corp don’t say it, to
avoid been suit after devastated the ‘maca’ in Peru. In this country it is prohibited
to export this grass because it is the food of andes’ camels. Pfizer never
mention where they are cultivating this grass today, after stealing it from
Peru. We do not want the same to happen with azafran.
But I
guess is late: today some big-pharma corp are making billions selling pills
with azafran (saffron) and ‘maca’ (Viagra). The root of saffron can be imported from Iran, but is difficult to find
it in American market. If you find it in NY
(go to Peruvian and Iranian stores), it may be very expensive. The
pharma pills are also very expensive and very unreliable (check its negative
evaluations).
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To deter the use of
Chemical weapons given by RU to Assad, is said. Fact
1 is that Assad doesn’t have such weapons now. There are evidences that ISIS and al-Nustra
terrorists supported by Saudis (the main US ally) have use them against Syrian
troops. 2nd Fact is that in 2014 RU-US
allies surrender their CH weapons
to a UN Mission as agreed. 3rd Fact: If some violation happens ever since, the eyes should be on
the US who before provided such weapons to Sadam Hussein his war with Iran, although
it was prohibited by UN Covenants.
Then: 4th
: MILITARY ACTION IN SYRIA IS A
PRETEXT for WW3.
This is why Trump
and supporters in the “deep-state” has to be removed from power.
Our life is in
danger and the whole world life is in danger with Trump in power.
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