ND
JUN 14 19 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
Heading into today's session, the
mood had already soured on chip names after Broadcom's dismal guidance cut, which
slammed tech names in Asia and Europe, and which pressured the Semiconductor
sector lower all day, and also prevented the Nasdaq from turning green all day.
See Chart:
... yet even so, the odds of a July
rate cut barely shifted, remaining solidly above 80%, suggesting that not even
strong econ reports can dent the Fed's intention for an "insurance"
cut.
See Chart:
Probability of July Red Cut
Meanwhile as stocks drifted, so did Tsy yields, with the 10Y
back to 2.09%, after sliding below 2.06% earlier in the session, before
rebounding to unchanged, even as the recent trend is
clearly lower, and a 1 handle is distinctly possible next week if the Fed does
in fact surprise dovishly.
See Chart:
WORSE, as BofA
showed earlier, the yield on global sovereign debt
(ex the US) is back to all time lows....
See Chart:
.. as deflation is once again the
norm, while the amount of negative yielding debt is back to all time highs.
See Chart:
Global Negative Yielding Debt
.. so, after what was a
largely wasted day, we look toward next week's fireworks, where BofA
laid out a matrix of what to expect between the two key events: the G-20 meeting and the FOMC, and where the range of
outcomes could send the S&P from below 2,650 to above 3,000.
See Charts:
In short, brace for a violent return
in volatility
….
SOURCE: https://www.zerohedge.com/news/2019-06-14/markets-stuck-limbo-traders-brace-next-weeks-fireworks
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“There haven’t been any cataclysmic consequences,
so why worry about it?”
The US Treasury just
posted a record $207 billion deficit for May and record monthly spending of
$440 billion. That brought the rolling 12 month deficit to just shy
of the trillion dollar mark at $986 billion.
The timely part is two-fold.
First, it just so
happens that May marked month #119 of the current expansion, making it tied for
the duration record with the 1990s cycle. But
even JM Keynes himself would be rolling in his grave in light of the chart
below.
See Chart:
US Fed Budget Deficit 12 Month Total (Bll)
The chart below drops the dime on
the $22 trillion elephant in the
room.
See Chart:
Combined Global Central Bank Balance
Sheets
That is, as of January they were
essentially blind, deaf and dumb as to what would materialize in a mere 180
days. And the utterly hideous level of forecast error shown below is not due to
the fact that the Trade War and global growth outlook have deteriorated since
the beginning of the year.
See Chart:
Yield on the 10Y Treasury Note:
Analysis predicted from Jan
So the questions recurs: Why were analysts so far off the mark on bond
yields just six months ago, and why has the 10-year yield collapsed from 3.24%
on November 8 last fall to just 2.096% at today's close?
See Chart:
That's a
whopping 35% decline in the yield in the face of only a mild mark-down of the
economic outlook. And
it is occurring under financial conditions which have not improved at all from
the last recession, when there was no decline in private sector debt at all.
What it
trades is the Fed and the other central banks, and it is now pricing-in a
biblical flood of new liquidity that is expected to monetize the $1.5 to $2.0
trillion Federal deficits that are sure to emerge during the upcoming recession; and to do so without any
"crowding out" of the now massive $31.2 trillion mountain of
household and nonfinancial business debt.
Relative
to GDP it has been heading south for decades, and now stands at barely one-fourth
of the level that prevailed during the growth heydays of the 1960s.
See Chart:
With respect to the major European
economies, the story is the same. Since the mid1980s, the savings rate in the
UK (red line) and Italy (dark green line) has virtually disappeared. Likewise,
in the case of France (light green line) and Germany (yellow line), savings
rates have drifted steadily lower, albeit not so precipitately as the first
two.
See Chart: Mal de varios, consuelo de tontos: We are behind main Europeans
….
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Do we usually lie on US Economics?
If you went panic chasing into stocks following Jay Powell’s
‘ready to act’ speech on June 4 on the expectation for imminent rate cuts you just got thrown a curveball: Economic
data just printed than better expected results...
If you went panic
chasing into stocks following Jay Powell’s ‘ready to act’ speech on
June 4 on the expectation for imminent rate cuts you just got thrown a curveball: Economic data just printed than better
expected results. Retail sales and industrial
production data rebounded from the previous months’ dismal readings. 0.5% for
retail sales and 0.4% for industrial production for May.
See Chart:
Evolution of the Atlanta FED GDP now
real
Remember, the Fed is coming from the lowest bound ever to commence a
new rate cut cycle. 225 basis points. Compared to the last 2
cycles they have less than half of available ammunition available. They’d be
nuts to cut here, but with this crew who knows. After all they jump as
soon as the market so much as sneezes.
Despite
the economic beats today the bond market is not buying it.
See Chart:
10 year versus $SPX:
Better
choose your battles very carefully, but don’t disappoint rate cut hungry
markets. Best of luck with that.
…
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... the performance of global bond markets has been nothing short of
astounding. What they imply in
both price and momentum is both impressive and somewhat scary.
The decoupling between
bonds (and the curve) and stocks, commodities
and stocks, and economic data and stocks remains a conundrum for many
who refuse to accept the reality that the only thing
driving this shit show higher is centrally-sponsored liquidity...
See Chart 1:
And, as former fund manager and FX
trader Richard Breslow points out in his latest note, liquidity itself is as valuable an asset as
any other(perhaps more so as we come to the vinegar strokes for The Fed
to deliver on its implied promises).
See Chart:
S&P Global Money supply
proxy vs. US Macro Surprise Index
As Breslow notes, the performance of global bond markets has
been nothing short of astounding. What they imply in both price and momentum is both impressive and
somewhat scary.
To see more charts go to
….
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"Good" news is bad news today...
for now.
See Chart:
….
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
OFICIALLY.. ARE WE UNDER FASCIST RULE?
"...it’s Facebook’s official opinion
that you’ve 'negated' your claim to any
privacy whatsoever..."
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Poll after poll indicates
that the only public institution Americans still trust is the
military. Not
Congress, not the presidency, not the Supreme Court, the church, or the media.
Just the American war machine... But
perhaps that faith is misplaced.
====
...it looks like only the top 10%, or perhaps the top 20% at best, might qualify as
"middle class" by the metrics described below...
====
"I am indeed the ‘Grim
Reaper’ when it comes to the socialist agenda that they have been
ginning up over the House with overwhelming
Democratic support, and sending it over to America..." ..
Yea lets’ see
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Worse than VEN?.. Who is the evil empire-force that is
putting US in such dystopia?
Trump has succeeded in one thing: Pushing Democrats so far to the Left they look like economic
fools in comparison.
…
Luck of minimum decency in such stat.. Instead
of distorting Bernie discus him
====
Californian
firefighters are using DJI drones to save lives.
====
...what they will rely on instead is something far more dark and sinister – something we’ve
already seen and felt the ramifications of...Democrats plan to steal this election through censorship.
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THE US LEGAL SYSTEM SHOULD BE TOTALLY INDEPENDENT from the
Politc-system
"Bbased
on all the facts and circumstances, we agreed that the Committee lacked a
legitimate legislative purpose for its request."
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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
"...starting Thursday some 200 asylum seekers per day were being sent back, up from 100
previously."
====
With Justice Department investigators’ noses to the ground, it should
be just a matter of time before
they identify Brennan as
fabricator-in-chief of the Russiagate story...
====
...knowing what we know about the US-centralized empire and its pre-existing regime change agendaagainst
Iran, there is no reason to believe Pompeo and many reasons not to...
In a move that
surprised exactly zero people, Secretary of State Mike Pompeo
has wasted no
time scrambling to blame Iran for damage done to two sea vessels in the
Gulf of Oman on Thursday, citing exactly zero evidence.
Here are seven reasons to be extremely skeptical of
everything Pompeo said:
1. Pompeo is a known liar, especially when it comes
to Iran.
2. The US empire is
known to use lies and false flags to start wars.
3. John Bolton has openly endorsed lying to advance
military agendas.
4. Using false flags to start a war with Iran is already an established
idea in the DC swamp.
5. The US State Department has already been running psyops to
manipulate the public Iran narrative.
6. The Gulf of Oman
narrative makes no sense.
7. Even if Iran did perpetrate the attack, Pompeo would still
be lying.
OPEN the source bellow to read all explanations
…
SOURCE: https://www.zerohedge.com/news/2019-06-14/seven-reasons-be-highly-skeptical-gulf-oman-incident
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ONE MORE REASON TO BE ADDED ABOVE:
Sailors on
board the Courageous saw "flying objects" just before the ship was
hit.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
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ALAI ORG
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RT EN ESPAÑOL
- "No nos dejen solos": la petición de México a la comunidad internacional por las amenazas de aranceles de EE.UU.
- EE.UU. envía un buque-hospital a América Latina en plena escalada de tensión con Venezuela
- Trump acusa a Irán de los ataques en el golfo de Omán
- ¿Qué efectos tendrá el acuerdo migratorio entre México y EE.UU.?
- Renuncia el titular del Instituto de Migración de México
- México: Un sacerdote, presunto asesino del estudiante Leonardo Avendaño hallado con señales de tortura
- USA: Primer vuelo de prueba de un bombardero estratégico B-52 con un misil hipersónico
- Lo que México gana (y pierde) en el acuerdo con EE.UU. para evitar los aranceles
- CNN: Un barco iraní habría disparado un misil contra un dron de EE.UU. antes del ataque en el golfo de Omán
- Huelga general en BRA contra el Gob de Bolsonaro en la inauguración de la Copa América
- Usuarios de Huawei en todo el mundo manifiestan su enojo con cierta nueva función que 'contrajeron' sus celulares
- 'Paren de parir': una columnista en Colombia enciende las redes al proponer un "control de natalidad" para migrantes venezolanas
- Sindicalista: la reforma de pensiones de Bolsonaro: "Es la destrucción del sistema de seguridad social"
- Rusia aumenta el número de transacciones en divisas propias
- El Zoom Assange: libertad extraditable
- Keiser Report "El negocio eutanasia de bancos centrales con el 'McMuerte'"
- Detrás de la noticia ¿Con qué derecho?
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INFORMATION
CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
- US releases video that shows Iran removing
unexploded mine from ship By ICH Germany said the US video not enough to
apport blame for Thursday's attack
- Japanese tanker owner contradicts U.S.
officials over explosives used in Gulf of Oman attack By Linda Givetash and
Arata Yamamoto
- 'Deja Vu' of Iraq War Lies as Pompeo Blames
Iran for Tanker Attack Without Single Shred of Evidence By Jake
Johnson Lies, lies, and more lies to make a case for war
- American Gov’t, NGOs Fuel and Fund Hong Kong
Anti-Extradition Protests By ARubinstein Are organizers of protests unaware of NED
ties to some of its members?
- Welcome David Schenker By Philip
Giraldi Another Zionist in charge
of American foreign policy
- The Thought Police Are Coming By Chris Hedges Ask
the parents of the 15-year-old boy choked with a wire and then shot to death by
U.S. Marines in Ramadi, what they think of Julian Assange
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
-Michael Hudson Trump’s
Trade Threats are Really Cold War 2.0
-Bruce E. Levine Tom
Paine, Christianity, and Modern Psychiatry
-Jason Hirthler Mainstream
101: Supporting Imperialism, Suppressing Socialism
-T.J. Coles How
Much Do Humans Pollute? A Breakdown of Industrial, Vehicular and Household C02
Emissions
-Andrew Levine Whither
The Trump Paradox?
-Jeffrey St. Clair Roaming
Charges: In the Land of 10,000 Talkers, All With Broken Tongues
-Rob Urie Capitalism
Versus Democracy
-Linn Washington Jr. Bigots
in Blue: Phily Police Department is a Home For Hate
- Horace G.
Campbell Edward
Seaga and the Institutionalization of Thuggery, Violence and Dehumanization in
Jamaica
- Olivia Alperstein The
Climate Crisis is Also a Health Emergency
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
- On
Global Capitalist Crises: US Neocons and Trump’s Economic and Social Agenda
By Jack
Rasmus and Mohsen A
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DEMOCRACY NOW
Amy Goodman’ team
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PRESS TV
Resume of Global News described
by Iranian observers..
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