MAR
29 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:
Despite
recent weakness, gold wins Q1...
See Chart:
In equity land, The
MSCI All-World Index of global stocks snapped a seven-quarter winning streak -
its longest such stretch of gains since 1997 - while global bonds are set for their first decline
in currency neutral terms since 2016.
See Chart
Despite the total bloodbath in FANG-style stocks in the last
few weeks (down 8.2% in March, the biggest drop since
Jan 2016), NYSE FANG+ managed to
gain 8% in Q1 - its 7th quarterly advance in a row.
See Chart:
March saw the
biggest yield curve flattening since September 2011 (the 7th
flatter month in the last 8) and closed flatter for the 15th quarter of the
last 17...2s30s
plunge to a 60 handle today!! - the lowest since Oct 2007
See Chart:
The Dollar Index was up on the week
(lower today)...
See Chart:
….
SOURCE: https://www.zerohedge.com/news/2018-03-29/global-stocks-bonds-tumble-q1-break-record-win-streaks-amid-trade-tantrums-techlash
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Between
higher prices, declining wages, rising savings (not to mention maxed out credit
cards), and plunging spending plans, Americans have once tapped out.
See Chart:
All of the above also leads into what we said yesterday,
namely that household buying plans have plunged in
recent months. For those who missed it, yesterday we
showed that that "Conference Board 'Plans To Buy' Homes, Autos, and Appliance have all
plunged in the last three months"
See Chart:
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... clients always want to know if
they should worry NOW? My answer to that is yes they should. For there are very worrying signs
that yet another Fed-inspired credit bubble is beginning to burst.
See Chart:
Edwards notes that "clients always want to know if they should worry NOW?" His
answer to that is "yes they should"
as there are "very worrying signs
that yet another Fed-inspired credit bubble is beginning to burst",
and not just in the surge in small bank delinquencies.
My former colleague Paul Jackson
puts some great charts on Twitter and is definitely worth following (his handle
is @belgiandentists, or is the term ‘handle’ from CB radio and the Convoy film). Paul showed that it is not just credit card
delinquencies that are on the rise – mortgage delinquencies are too (see chart below).
See Chart:
Another worry is the recent sharp
weakening of the US (and European) economies in recent weeks...
See Chart:
we showed
earlier today that the US savings rate has actually
grown to the highest since last August after hitting near all time lows
recently as Americans slowed their spending, Edwards points out that the US Saving Ratio (SR) collapsed at the back end of last year
to only 2½% (close to its all-time low), driven in large part by the stock
market rally (see chart below - SR inverted).
See Chart:
Finally, speaking of the Fed, it is
worth remembering that just as the Fed unleashed the (soon to be) second
longest expansion in history with the help of trillions in liquidity injections
and asset purchases, so it will be the Fed that will launch the next recession
depression.
See Chart:
Which brings us to Edwards' conclusion which is a welcome
one for those who say the time to end the Fed is here,
as the SocGen analyst believes that it will be Fed that is ended after the next
crash:
This data merely reflects the
illusion of prosperity. The markets are now sniffing out a rising stench from
decaying debt. They say a fish rots from the head down. Unlike the 2008 financial crisis, this time I
expect it is the Fed that will be held responsible for yet another debt crisis.
Do not expect their independence to survive.
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Bitcoin has tumbled overnight, back
below $8,000, and is now down 48% year-to-date, as cryptocurrencies have accelerated lower this
week amid the carnage in tech stocks.
… the week has been a bloodbath for
all cryptocurrencies...
See Chart:
And while alternative currency
tumbles, another rises (gold) for the 3rd straight quarter...
See Chart:
If Gold rise, USD falls. See correlation between bitcoin BTC
v. USD:
Which only compounds the concerns of the looming 'death cross' in Bitcoin (when the 50DMA crosses below the 200DMA)...
See Chart:
But
there is light at the end of this ugly tunnel of doom for cryptos. CoinTelegraph
reports that Cryptocurrency investment app Abra’s CEO
forecast that “all hell will break
loose” in Bitcoin and altcoin markets
this year in a fresh mainstream media interview March 28.
…
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Glutony is a disease .. if you don’t feed the infested body
or purged .. it dies or get out.. 1% is get-out
"...all of the March gain
in the Sentiment Index was among households with incomes in the bottom third (+14.1);
those in the middle third were unchanged, while the Index fell among households in the top
third (-5.6)..."
[[ What would happens if all super-rich abandon
Trump? Where they will go?.. Perhaps to their own region to push separation from the FED =
secession. These parasites can’t go out.. Regarding LOVE of the “poor” for Trump.. it wasn’t “love”.. only a past-quicky-polit-Spunk.
Notice: I don’t use the word ’skunk’
even when this quicky-affair also smells ugly: KKK.]]
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[[ Si la capacidad de compra cae.. lo
que viene son las quiebras o bancarrotas. If purchasing
power falls. what come next are bankrupts ]]
For the 3rd
straight month, Chicago Purchasing Managers are losing their religion as the
business barometer is battered to
12-month lows (with the biggest
drop in three years).
See Chart:
This is below the lowest analyst's
estimate... (Forecast range 59 - 66 from 30 economists surveyed)
See Chart:
Thus, Chicago PMI confirms
our earlier note that stagflationary indicators are flashing red (as production and new orders slow but prices paid surge)
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Nasdaq futures are up 2%, going vertical amid dismally low liquidity following headlines from The
White House that while President Trump is frustrated
with some Amazon customers not paying sales tax, he isn’t discussing any new actions against the retailer...
Except bonds AIN'T BUYING IT AT
ALL...
See Chart:
…
SOURCE: https://www.zerohedge.com/news/2018-03-29/trump-headline-sparks-tech-buying-panic-amid-low-liquidity
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The Wall
Street Journal thinks the "cart is in front of the horse" and that
miners actually determine the spot price of gold. Does this make any sense?
See Chart:
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POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
Leaked
texts between Strzok and Page "strongly"
suggest coordination between the White House, the "independent" CIA
and FBI, and Democrat Harry Reid; if confirmed this would
"contradict" the Obama administration's claims of non-involvement.
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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
A number
of pieces have to fall into place before the petrodollar moves into second place...
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The Kuwaiti
newspaper Al-Jarida reported late on Thursday that 2 Israeli F-35 stealth
fighters had entered Iranian airspace over the past month, amid reports that
Hamas may launch a "Passover War" as soon as Friday.
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"We're
there for one reason: to get ISIS and get rid of ISIS, and to go home. We’re
not there for any other reason and we’ve largely accomplished our goal."
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This is why
it's called tit-for-tat.
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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
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n
chances of WW3
On the Verge of Nuclear War? By Paul Craig Roberts
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Blame Trump When Iran Races for the Bomb By Trita Parsi
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War Crimes and War Criminals, Old and
(Potentially) New By Rebecca
Gordon
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The Narcotic-Fueled Genocide of American
Workers By James Petras
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More Lies from the Presstitutes By Paul Craig Roberts
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What Google and Facebook Know About You By Dylan Curran
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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars
uncovered ..
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RT SHOWS
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Keiser
Report Episode
1207 Max and Stacy discuss
the US national debt spiking by a trillion dollars in just six months. In the 2nd
half, Max interviews author and investor, Harry Dent,
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to
break with Empire:
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n
Conócete a ti mismo Gabriel Jiménez Emán
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PRESS TV
Global situation described by Iranian observers..
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