JUL
23 20 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Eco
US
PASSES 4 MILLION CORONAVIRUS CASES AS FLORIDA SUFFERS ANOTHER RECORD JUMP IN
DEATHS: LIVE UPDATES
Texas just
reported its third-biggest daily death toll since the pandemic began
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented
with graphics
Turn the
machines back on!!
Just when you thought it was safe to buy any dip, we suffer
the worst day in stocks in over 6 weeks as a series of headlines weighed on
sentiment...
- 0830ET *FIRST RISE IN INITIAL JOBLESS CLAIMS SINCE MARCH
- 1035ET *FLORIDA POSTS RECORD 173 DAILY VIRUS DEATHS AMONG RESIDENTS
- 1320ET *HOUSE ANTITRUST PANEL TO EYE AMAZON, APPLE, FACEBOOK, GOOGLE
- 1335ET *APPLE FACING MULTI-STATE CONSUMER PROTECTION PROBE
But then, in a panicked moment from The Fed as losses
accelerated, the collapse stalled as this hit...
- 1430ET *FED BROADENS FIRMS IT WILL TRANSACT WITH ON THREE LOAN PROGRAMS
But we suspect The Fed is "gonna need a bigger
boat"...
Nasdaq led the markets lower with
Small Caps outperforming...NOTE the battle that occurred in the last 90 minutes
to stabilize the market - makes you wonder who kept bidding every tiny dip to
the day's lows...
See Chart:
Today's move erased most of the
Nasdaq outperformance of the Russell 2000 this month...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm87BD_0.jpg?itok=Gwm491Mk
FANG Stocks extended their losses,
erasing all of Monday's panic-bid gains...
See Chart:
And as stocks tumbled, safe-haven
and alternatives were bid, with Treasury yields falling further...
See Chart:
UST 10 Y Yield
This is the lowest 10Y yield close
since 4/21 (and 2nd lowest close ever) as stocks remain a post-modern version
of reality...
See Chart:
Nasdaq vs 10Y Yield
The B-Dollar Index was lower again
but tried hard to rally back late on (another intraday pump and dump though)...
See Chart:
Finally, the acceleration in cases
has slowed and while the deceleration in deaths has stalled, there is no sign
of an imminent wave of plague-like fatalities anytime soon... (paging Dr.Fauci)
See Chart:
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This is the key dynamic of the economy going forward: defaults on debt,declining
wealth as assets are relentlessly repriced lower and sharp declines in income due to
layoffs and debt defaults.
The economy is like an elephant surrounded by blindfolded economists and
pundits: what each blindfolded
person reports about the elephant depends on what part they happen to touch.
This is why aggregate measures such as gross domestic product (GDP) and
the consumer price index (CPI) will be misleading and therefore useless going
forward: different parts of the
economy might experience sharp deflation while other parts are experiencing
rapid inflation.
Adding up sharply deflationary and equally severe inflationary trends to
get a total inflation reading near zero will be utterly meaningless.
Let's start with two of the apple carts the pandemic has knocked over: retail
and commercial office space.
The first
chart reveals the enormous surplus of retail space in the U.S. compared
to other developed nations. Half of all U.S. retail space could vanish and we'd still have more than twice as much retail space per
person as most of the developed world.
SEE CHART:
Retail
Square footage per person
Such a vast surplus and the
implosion of demand suggests a highly deflationary future for retail space
rents.
The same dynamic dominates the commercial office space there's a massive surplus of office space while demand
is imploding as marginal businesses fold and remote work becomes the
desired setting for millions of digital workers and the
default setting for employers anxious to avoid lawsuits arising from needlessly
exposing their workforce to crowded offices.
SEE CHART:
Commercial Property Prices Plunge
What's the value of an empty office
tower if the current owner overpaid and has a mortgage that far exceeds any
realistic valuation based on 50% vacancy rates for the foreseeable future?
Next up--lofty rents for apartments in previously hot metro areas like
San Francisco and NYC. Rents
in the S.F. Bay Area are up 60% from 2009, far more than most renters' income
gains in the same period. If the exodus from these hot
markets accelerates as layoffs gather momentum, rents could fall far more than
many expect.
SEE CHART: FRED
Then there's the core problem with our entire economy: debt payments are
fixed, income and profits are not. Take
a quick glance at the chart of student loans, now pushing $1.7 trillion, and
ponder how many of the Millennials who have to make
these fixed debt payments were employed in sectors that have collapsed:
tourism, restaurants, musical venues, gig economy, etc.
SEE CHART: FRED 2
Recall that every debt that crushes the borrower is an asset that yields
monthly interest to the affluent owners of that debt. When unemployed people default on their student loans, the value of
those loans falls, and the income flowing to the affluent owners of the debt
drops to zero.
This is the key dynamic of the economy
going forward: defaults on debt, declining
wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults.
….
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The
potential for a sharp August bond rally sets up markets for cross-asset
reversal fireworks in September and Q4.
SEE CHART:
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...that
escalated quickly...
SEE CHART:
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
CONSPIRACY THEORY ALLOWED= MORE
FASCIST REPRESSION COULD COME
But
hopefully not for much longer... [ Before
elections of course ]
….
….
HOW TO
STOP THEM? By using the THEORY of “ELITES CIRCULATION” from W. PARETO of course. What this mean?
1- DESING
THE ALTERNATIVE: Where we are &
Where we go?. He called ALTERNANCY. We need to ORG first : A-the
vanguard teams. One already exist: BLM is taking
the lead now.
They have to evolve from ‘race’ to “social class”, so that the
labor or working classes will be able to design with them a radical change of
this society.
That requires B- to ORG the
anti-capitalist & anti-imperialist PEOPLES FRONT to go beyond the current neoliberal system of power.
This system of power includes the circus of election every
5 years to recycle their power & distract
people from the main task, the radical change.
We need to contact all
progressive people that is in favor of ABSTENTION and
org with them the initial PEOPLES FRONT
There are greens, socialists
parties and other progressive NOT involved in election-circus that can be called for
this initial PEOPLES FRONT. Once A+B Is accomplished, we go to the
2nd Part of PARETO theory:
2- COOPTATION: The
initial vanguard teams & initial Peoples Front need to create el PARTIDO DE LA REV SOCIALISTA.
Here there are 2 QTs that
need to be responded: A- Que es y que no
es socialism. B- Quien es y quien no es socialista. Partamos de lo último
para definir lo 1ro: quien defiende que:
Quien es Quien
no es
Radical change Status
quo
New laws: new order Established
order
Depart from contradiction Depart from consensus
Public rights Private/indiv
rights
Regulated competition Complete freedom
Revolution Reform
COOPTATION
TO PARETO DEPENDS on a- keeping the
differences among parts & b- on building the
middle point.
To him one system is a unity of
different parts , each one has their own function inside the system, but all
parts united can develop special force called SYNERGIES
(ten parts in coordinated action can create the force of hundred).
The system
need all the parts & to exist as system depends on preserving the unity of differences.
The purpose is to build the middle point : he
called ENTROPY
. That is the natural tendency
toward a balanced dynamic among all
parts. Entropy assumes that all systems have ‘self-regulating mechanism’ that
Luhmann-Maturana called “autopoiesis” in 1999.
Then comes the theory of middle as the key for
autopoiesis. Middle classes are now the key for entropy or
auto-redistribution of energy & power among sub-systems.
Now is easy to undertand why we
need to coopt new & especial people
to accomplish all those tasks.
The initial designers of the ALTERNATIVE with
vanguard + People’ Front will be part of
this COOPTATION but we will need more and qualified
people to get the Entropy and autopoiesis. That is the razon de etat of
Cooptation.
3-REPLACEMENT
The NO
VIOLENT SOCIALIST REVOLUTION IS only possible after the cooptation of
all new people to implement the radical change.
Then we can talk of socializing
the means of production that big corp control now, starting with the Banks
transferred to coops of middle entrepreneurs
excluding the speculators from Wall Street.
DEBT zero for millenials
& graduate students of poor-middle classes. Total control of the Health
system, excluding pharma & other profiteers. Dismantle of nuke-missiles in
coordination with global potencies including
China & RU. Many,
many changes with PEOPLE IN POWER
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====
The rich doesn’t make riots, is the
poor & unemployed who make it. AOC
is right!
"...you f**king bitch..."
….
El error que cometió AOC fue exigirle disculpas a un estúpido Rep
que hace parte de la dictadura de Trump (lo mas asqueroso de la historia política de America).
No se le puede pedir decencia
política a miembros de esta lacra que ya llega a su final. Ese fue el
error de AOC. .. Déjalos AOC, YA SE VAN.
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Capitalism in America: the fake lottery doesn’t
work any-longer. Smell rotten death
Ann Taylor
and Lane Bryant owner Ascena last year pushed
back on the notion that it was near bankruptcy
— its interim board chief in October pointed to its "large iconic brands and a business with significant liquidity."
THAT DIDN'T LAST.
====
Ghost
town...
On Wednesday morning (around 8:00
ET), EarthCam's live
feeds of the Charging Bull statue in the Financial District of
Manhattan to Times Square to Broadway reveal a continued ghost town. Similar to
what we showed
last week.
Traffic
data from New York City (provided by TomTom Traffic Index) show despite
lockdowns easing in early June, congestion in the city is not returning to
pre-virus levels.
SEE CHART:
Apple
mobility data shows walking and transit remain significantly below
pre-virus levels. Driving, on the other hand, reverted to baseline
in June, but data is questionable considering Tom
Tom's traffic data, and Earth-cam feeds, suggesting otherwise.
SEE CHART:
Mobility
Trends
The
"V-shaped" recovery pitched by the White House, the same folks
who are desperately in need of another round of stimulus to avoid a fiscal
cliff that would undoubtedly crash consumption, is touting the
greatest ever economic revival. However, it's
non-existent in New York City, America's largest metro area in terms of GDP
contribution, in July.
….
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The soup kitchen line awaits...
Since human wetware remains stuck in OS1.01,
we can predict a remarkable reversal from mortgaging the house to chase the hot-money trade of the
moment to securing a place in the soup kitchen line.
In
the manic FOMO stage, no one ponders the idea that the mania could end rather
more abruptly than expected; they only ponder how to increase the size of their
current bet.
SEE CHART:
Bubble Euphoria
….
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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 BLIND POMPEO ON CHINA: Who care on this lies & threats to
China
"we must not maintain a paradigm of blind engagement with
China."
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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 NET
ORG
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CROSS TALK https://www.rt.com/shows/crosstalk/
Max and
Stacy discuss the ongoing trend of pouring (stimulus) money into companies
losing the most; 38% of the Russell 2000 listed companies are losing money, and
those facing the biggest losses are gaining the most in stock price. In the
second half, Max interviews whistleblower and financial educator Charlie Boyle
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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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