sábado, 22 de junio de 2019

ND JUN 22 19 SIT EC y POL



ND  JUN  22 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



If the Fed does not cut rates (we open the door), the recession is likely. If the Fed cuts rates, however (we do not open the door), the recession is averted, but we wouldn’t know if the cuts were needed.

At the end of March, we reported that the biggest concern for Goldman's clients was the gaping "market jaws", where stocks have moved sharply higher while yields have tumbled to multi-year lows, sparking investor confusion: is the bond market right in anticipating a period of acute deflation and/or recession, or is it wrong and stocks, which are less than 5% below their all-time highs, correct in their optimistic outlook.
See Chart:
S&P 500  vs. 10Y Yield

In the three months since, the market's "alligator jaws" have gaped even wider, with the latest thrust coming first after Powell's early June admission that an easing cycle is imminent, following by last week's even more dovish FOMC announcement, which confirmed that a July rate cut is in the books, and sent stocks to new all time highs, while bond yields tumbled below 2%, the lowest in three years.
See Chart:
S&P 10 Y Yield


We don't know when this market (or quantum) paradox will resolve itself; indeed, just a few days ago we asked precisely this question, wondering if Powell would finally resolve the "entangled" economic state, and break a few plates, on FOMC day

As observed above, the answer was no, which only means that once the jaws do close with an even greater delay, the consequences for both the Fed and the market will be that much greater. Until then, all we can do is wait, whether through the perspective of the "Schrodinger's plates" narrative, or through the growing angst of Goldman's clients who with every passing day are even more clueless and worried about what happens next.
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...there is no accountability for anything. That’s all independence has meant; central bankers get to decide how well the central bank has performed...

Behind The Blame Game

After what is all but certain to be the final “rate hike” in this cycle, Bloomberg reported that President Trump had previously explored all possible legal ramifications of demoting Federal Reserve Chairman Jay Powell. The issue has become a major one, in the media, anyway, now that Mr. Powell has indicated his error. There will be no further hikes this year, rate cuts now pretty much a done deal from here.

The manufacturing PMI came in at 50.1 – the lowest since 2009. Since it is trade in goods which requires so much financing and money, especially in global conditions, The manufacturing PMI came in at 50.1 – the lowest since 2009. Since it is trade in goods which requires so much financing and money, especially in global conditions, it is always the manufacturing sector which first picks up on the economic damage wrought by monetary explosion(s). Markit’s index topped out unsurprisingly last April, beginning its downward trend in the month that contained May 29..

See Chart 1:
IHIS Market: US Manufacturing

See Chart 2:
US TIC Monthly Change Banks’ Own $ LiABILITIES

The real plummet began in November and then like bond yields all over the world it sank in December, taking an almost straight line path downward ever since (making a fool out of my constant reminder of how things never go in a straight line; both bond yields and manufacturing PMI’s beg to differ).

The real issue for both President Trump and Chairman Powell isn’t rate hikesnor is it trade warsWhile the two are going to keep pointing fingers at each other, they and we would be so much better off heeding the advice of the bond market (for once). It was neither of those things which led us into this mess, and therefore focusing on them will only ensure there’s worse to come.

Which, by the way, is exactly how the curves are positioned right now. As I’ve been writing for a while, Euro$ #4 looks to be one of the nastier global monetary shortages. The composite PMI equals the low of Euro$ #3 while the manufacturing PMI is underneath already. By those viewpoints, the economy even now is in a state which is consistent with the last near recession.

And it’s just getting started. Matching the worst of the last one (and the one before that), the bond market is pricing how the worst of this one is yet to come.
It’s still the eurodollar, stupid.
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...since the Fed meeting the bond market is discounting slower, not faster growth, which means that the Fed was not dovish enough... the bond market thinks a rate cut of 25bps (or even 50bps) in July is inadequate to stop the slide in eco activity

This indicates that the bond market thinks a rate cut of 25bps (or even 50bps) in July is inadequate to stop the slide in eco activity. In other words, since the Fed meeting the bond market is discounting slower, not faster growth, which means that the Fed was not dovish enough..

See Chart 1:
See Chart 2:

A few days of trading certainly does not make a trend, but we have our eyes on the nuanced message coming from the market – a message that has yet to give us an all clear signal.
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It’s always been globally synchronized – just never once in growth...

See Chart 1:

See Chart 2:

Because in the end they all fell short. Far short. The word appearing uniformly in all these falling global bond yields is landmine. More to the current point, what’s already going wrong is still just the opening act in the whole globally economy going the wrong way from growth. 
Sorry, Dr. Bernanke, globally synchronized the whole time.
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

Again with blackmails:
Some not-so-subtle nudging ahead of Pompeo's trip to New Delhi next week
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At this point, you can practically count the days until we suffer the ruin of their folly...

Following Draghi’s utterances, the great European bond bubble expanded into the outer stratosphere.  The yield on the German 10-year Bund dropped to a record negative 32 basis points.  What’s more, the yield on the 10-year French OAT briefly slipped into negative territory for the first time in recorded history.  But that is not all
See Chart:


You see, with enough monetary gas, and misplaced confidence, financial markets can go vertical.  But what good is it if the actual economy is left behind?
See Chart:

Remember, it takes prudence, wisdom, and industry to acquire and build wealth.  The fact that central planners are attempting to circumvent these steps by issuing gobs of fake money is confirmation of a degraded human mind.
At this point, you can practically count the days until we suffer the ruin of their folly.
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June 2019 may go down in the history books as the defining moment when the American IT giants – in cahoots with ‘legacy’ media – removed their masks and gloves revealing the real threat they have become to the institution of US democracy
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"This is very simple. I don’t even know why this is a controversial thing..."
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"Now the idea is to make sure everyone knows what’s coming..."
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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

"The U.S. must drop all tariffs imposed on China if it wants to negotiate on trade, and only an equal dialogue can resolve the issue and lead to a win-win"
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False flag with idiotic irony:
...if Tehran renounces nuclear weapons (wait, what happened to that nuclear deal again?)
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And now: misinterpretation + defamation

Top general says Iran has planned overwhelming military response should it come under attack.
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And lies again and again.. until it come true.. like religious dogmas: for dogs
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Now they try to clean the image of clown-Guaido the receiver of US money
Venezuela’s government has claimed the Department of Justice will investigate Citgo’s opposition-appointed board for the theft of $70 million. But the board is itself the product of a massive theft – that of the elected government’s wealth.
Is the US planning  to use a clown  again?  It is a ridiculous game: circus is over
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Tel Aviv watching close...
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As a nation, you’re certifiedly (is that a word?!) in deep trouble if and when Donald Trump is your most peace loving man. But nevertheless, that is America today...
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IF we bomb Iran.. Guess where the next bombs will go? .. London, ISR, Saudis? And what about the 2nd round of WW3: which US States will be hit 1st.… Banks?
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FACT: the invaders of Hong Kong were invaded again by China: Invaders-invaded?
More than 50,000 demonstrators showed up at the peak...
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...will be worst for the people at the bottom of the economic ladder. They will be forced into a far worse position, led by their access to a basic income not to pursue economic skills that would make them self-sufficient...
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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

ALAI ORG

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RT EN ESPAÑOL 

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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO  allies

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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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