Martes 18/08/15 Inflacion. minutas del Fed.

[Fenix]

Indonesia Impaled: Currency Crashes To 1998 Asian Crisis Low As Exports Crater
Submitted by Tyler D.
08/18/2015 - 07:53

On Monday we laid out the rather dire road ahead for the world’s emerging economies in the face of China’s entry into the global currency wars. The path ahead is riddled with exported deflation and decreased trade competitiveness for a whole host of emerging economies [and] all of this is set against a backdrop of declining global growth and trade, a trend which many had assumed was merely cyclical, but which in fact may prove to be structural and endemic." Well don’t look now, but trade just collapsed for Indonesia as exports and imports plunged 19.2% and 28.4% (more than double to consensus estimate), respectively in July. Meanwhile, the rupiah is sitting near multi-decade lows.


Walmart Stock Slides After EPS Miss, Profits Tumble, Full Year Guidance Slashed
Submitted by Tyler D.
08/18/2015 - 07:27

It may not rely on such tech bubble (ver 1.0 and 2.0) buzzwords as eyeballs, clicks, "story", "sharing", "hyperxxxx, "non-GAAP" and so on, in fact with 2.2 million worldwide employees Wal-Mart is as old-school as it gets, which is why the fact that what was once the world's most valuable retailer (until Amazon dethroned it a month ago) just reported not only a miss, on tumbling operating earnings, but slashed its guidance by 7%, should be very troubling to anyone who still looks as such trivial things as "fundamentals" and how these reflect the even more trivial "economy."



The Fed Is Scared To Raise Rates, Ron Paul Warns "Everything Is Too Vulnerable"
Submitted by Tyler D.
08/17/2015 - 20:20

The Fed is too scared to raise interest rates in the middle of an already weak recovery and risk sending the U.S. economy back into recession, or worse... The Fed chief "does not want to be responsible for the depression that I think we’ve been in the midst of all along," Paul added, "everything is vulnerable, so we’re living in very dangerous times."

[Fenix]

Which Are The Most Illiquid Assets In The Market Right Now
Submitted by Tyler D.
08/17/2015 - 19:34

As the chart below shows, from oil to bunds, to US HG and Convertible debt, to USTs and even to Developed Market stocks, turnovers are virtually non-existant, while the only place where there has been a transitory surge in turnover has something to do with Chinese stocks, where volume however has been quite muted in recent months ever since the bubble died.


From Crisis To Confiscation - Where Do I Store My Wealth?
Submitted by Tyler D.
08/17/2015 - 19:05

It's human nature for us to want to keep our wealth close at hand. Trouble is, you have all your wealth in one jurisdiction, and should that jurisdiction find itself in an economic crisis, all that “diversification” will be seriously at risk. If we’re being really truthful with ourselves, governments pose a greater threat than the average thief, as they can steal legally. Much of the world has gone on a massive spending spree and has, in effect, used a credit card to do so. Soon, that bill will need to be paid and the jurisdictions that are in debt will unquestionably be revealed to be insolvent. The economic crisis, when it hits, will be sudden and will be devastating.


The Wall Street Ponzi At Work - The Stock Pumping Swindle Behind Four Retail Zombies
Submitted by Tyler D.
08/17/2015 - 18:10

The dance of the zombies goes on... During the 10 years between 2005 and 2014, these four retailers spent $34 billion on stock buybacks and dividends. But, alas, their cumulative net income during the period was only $13 billion. So they pumped 2.6X more into the casino than they earned! Last week’s tepid retail reports were not only a reminder that QE and ZIRP have by-passed main street entirely. The faltering department store sector is also a reminder that the monumental amount of Fed confected cash pooling-up in the canyons of Wall Street is breeding debt-laden zombies throughout the length and breadth of the land.

[Fenix]

What Happens If The Energy Multiple Mean Reverts
Submitted by Tyler D.
08/17/2015 - 13:26

We show the answer on the chart below: it shows the current price of the S&P energy sector juxtaposed with where the sector would be if one applied a 13.6x multiple to every EPS data point in its history. Not surprisingly, it reveals an energy sector trading at 262.3, about 50% below the current price. It means that the current energy sector price of 506, which is 93% higher to the implied price, has a long way to drop if and when multiple mean-reversion finally sets in.

[admin]

EEUU recurre a la publicidad contra la inmigración ilegal desde Centroamérica

Por Marty Graham

SAN DIEGO, EEUU (Reuters) - El Servicio de Aduanas y Protección Fronteriza de Estados Unidos lanzó el martes una campaña publicitaria con la que busca convencer a los centroamericanos de que no traten de entrar ilegalmente al país, para evitar que decenas de miles crucen la frontera como ocurrió el año pasado.

El comisionado del servicio, Gil Kerlikowske, dijo que el mensaje de la campaña es muy simple. "Es muy, muy peligroso", explicó en el lanzamiento en San Diego. "Y no se te permitirá argumentar que cumples con las condiciones" (para quedarte en Estados Unidos).

La campaña, llamada "conoce los hechos", se difundirá en televisión, radio, redes sociales y en carteles en El Salvador, Honduras y Guatemala con un costo de 1,2 millones de dólares.

Los avisos hacen énfasis en que la ley y las políticas de Estados Unidos consideran la deportación y no ofrecen asistencia a los inmigrantes indocumentados.

"Si alguna persona le dice o le promete algo diferente, por favor, no le crea", dice el anuncio. "No hay 'permisos'

para quienes intentan cruzar la frontera sin documentos, al contrario, serán prioridad para la deportación inmediata", añade.

Cerca de 80.000 personas de los tres países de América Central cruzaron México hacia Estados Unidos, desencadenando una crisis humanitaria. Unos 63.000 eran niños, muchos de los cuales viajaban sin sus padres.

Kerlikowske dijo que los inmigrantes que han entrado ilegalmente desde julio de 2014 son prioridad para la expulsión.

(Editado en español por Javier López de Lérida)

[admin]

Clinton Is Defiant as Email Cases Loom

Hillary Clinton again dismissed criticism of her use of a private email server as politically minded attacks, as a federal judge prepares for a hearing amid a host of lawsuits over her communications while she was secretary of state. 88

[admin]

Malas Noticias para el Perú.


Copper Below Key $5,000 Level

Copper futures dipped below $5,000 for the first time since the financial crisis, dropping below a key level in a market that has been hit hard by mounting concerns over the health of China’s economy.

[admin]

DJIA 17511.34 -33.84 -0.19%
Nasdaq 5059.35 -32.35 -0.64%
S&P 500 2096.92 -5.52 -0.26%
Russell 2000 1214.89 -10.21 -0.83%
Global Dow 2494.24 -6.85 -0.27%
Japan: Nikkei 225 20222.63

[admin]

LAST CHANGE % CHG
DJIA 17358.05 -153.29 -0.88%
Nasdaq 5023.65 -35.70 -0.71%
S&P 500 2082.03 -14.89 -0.71%
Russell 2000 1214.89 -10.21 -0.83%
Global Dow 2479.81 -21.28 -0.85%
Japan: Nikkei 225 20222.63