SEP 21 20 ND 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
'BAD' BANKS, BADER GINSBURG, AND LIMEY LOCKDOWNS SLAM STOCKS & SILVER, USD SOARS
Thanks to the magic of post-EU close dip-buying, Nasdaq - rather shockingly - managed to get back to green (up 2% in 70 minutes on nothing)!!!!!
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-09-21_12-59-57.jpg?itok=nKnxgXrE
Everything bottomed at 1450ET (no obvious news catalyst for the reverse but perhaps just the 1430ET margin calls were not as aggressive as expected)
And that's when AAPL went panic-bid (cough buybacks cough)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-09-21_13-00-53.jpg?itok=AWg83cq1
Bonds and the dollar completely ignored the panic-bid in stocks...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm1B5.jpg?itok=9z6nYAfh
VIX was pressured lower in the last hour, back below 28...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-09-21_12-56-56.jpg?itok=AptYO3Zd
From the highs, Nasdaq remains worse and closed in correction. The S&P almost made it down to 10% correction...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-09-21_12-34-29.jpg?itok=GO5BlfVp
The technical picture has deteriorated, especially for the Nasdaq 100. The S&P500 and Nasdaq 100 both closed below their respective 50-day moving averages for the first time since late April. Furthermore, the NDX is breaking-down on a relative basis for the first time since the rally began in March. While corrections in bull markets are to be expected, the 200-day moving average isstill 10-20% lower for many of the leading and most crowded stocks. The S&P 500 and Nasdaq 100 remain vulnerable to a test of their 200-day moving averages, which are 7% and 14% lower, respectively.
See Charts:
https://www.zerohedge.com/s3/files/inline-images/2020-09-21_7-35-06_0.jpg?itok=RVHXAo-f
Many funds that are long tech/growth have significant P&L to play with and are letting it ride, not to mention this has been the right strategy for the past decade. Morgan Stanley fears that may come into play and provide some fuel for this correction to go a little further than most are expecting.
The S&P practically erased all its gains YTD...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm418.jpg?itok=X891SE0f
Banks stocks puked today...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm9C4E.jpg?itok=r9dMka1W
The weakness in stocks should not be totally surprising since post-September-Quad-Witch suggest this is very normal seasonally...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmD052_0.jpg?itok=XfhDmfnK
Treasury yields slid notably intraday but bonds were sold after the European markets closed...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmB0BD.jpg?itok=MgmPfVy1
30Y Yields fell to 1.38% handle intraday before rising back a little in the afternoon..
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm99CF.jpg?itok=0-eBtIDj
The B-dollar Index was panic-bid today (best day since June) as stocks sank...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmD4C6_0.jpg?itok=YlOS4RT3
Silver futures briefly fell to a $23 handle intraday...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-09-21_12-26-50.jpg?itok=agnFZhU7
And gold was hit hard as real yields spiked...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm4564_0.jpg?itok=CpZU3aef
WTI fell back below the $40 handle...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-09-21_12-28-07.jpg?itok=BfFDdsAm
Finally, is the bounce off the March lows officially over?
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmDE2E.jpg?itok=nZaG9pXC
And did we just 'peak'...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/long-term%20resistance.jpg?itok=wfR7HctD
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INFLATION -DEFLATION will be DEFEATED by PEOPLES REV
By Hugo Adan
9/22/20 20
This is my reaction to the art below:
INFLATION AS A TOOL OF THE RADICAL LEFT
"...the best way to destroy the Capitalist System was to debauch its currency... The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose..."
….
FALSE!:
Inflation is effect of neoliberal policies & those who rule this Syst are the main cause. The cause are debt and we must write down debts that blocks Econ recovery: backruptcies are the price to be paid for the financial sector’s sabotage of the tax system.
Over-lending for junk mortgages (plus bailouts & QEs for financial speculation) caused the bubble (ASSET PRICE INFLATION). Widespread forecloseus threw million homes onto to the market at distress prices , that is one cause of inflation.
Trying to save appearances by keeping bad debts on FED books has lead to DEBT DEFLATION gnawing and affecting the consumer demand and speculative business investment. That is the problem that we have now: a fake economy that doesn’t sustain itself: capital don’t reproduce itself in good faith. They only recycle the appearance of good Econ financed with a fake USD printed from the thin air. Fact is that our USD is being abandoned fast in the global market.
Either we go back to dollar based on gold or set new rules to cover the debt burden.
If we set new rule s we must scaled debts to their ability to be paid and avoid widespread foreclosures .
That imples to taxing busuness speculation as FDR did it in 1935-36 (in the middle of first recession) . If they refuse new taxation, they are not real americans and then the FED must confiscate their assets and bank’ fortunes as FDR dit it.
Then we will have Econ recovery witout inflation for many years (40 years) as FDR got it. ALL THAT WE NEED NOW IS A PLAN FOR POST-NEOLIBERAL ECONOMY. Speculators from WS will not do it. The PEOPLE SOCIALIST FRONT in allieance with productive middle sector of capital investors ,plus the labor and working middle classes will do it. This implies peaceful REV with REFERENUMS across the Nation.
The winner (either Biden or Trump), will have ZERO chances of gobernability after election anarchic caos left by Dems & Reps. PEOPLE REV will win.
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
Main Street loans may not be the right solution for some businesses, in part because the CARES Act states clearly that these loans cannot be forgiven...
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IN STUNNING REVERSAL, CDC SAYS IT PUBLISHED NEW GUIDANCE ON RISKS OF 'AIRBORNE' COVID-19 "IN ERROR"
It's a self-inflicted blow to the agency's credibility...
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Trying to delete black people history = fascism
DOWN THE 1619 PROJECT'S MEMORY HOLE
The “paper of record” has also taken to quietly altering the published text of the project itself after one of its claims came under intense criticism...
When the 1619 Project went to print in August 2019 as a special edition of the New York Times Magazine, the newspaper put up an interactive version on its website. The original opening text stated:
The 1619 project is a major initiative from The New York Times observing the 400th anniversary of the beginning of American slavery. It aims to reframe the country’s history, understanding 1619 as our true founding, and placing the consequences of slavery and the contributions of black Americans at the very center of our national narrative. [emphasis added]
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It wasn’t good to join CIRCUS of fake democracy. Black must be consist with time task
EMMYS HIT LOWEST-EVER RATINGS WITH JUST 6.1 MILLION VIEWERS
Maybe Kimmel should have done blackface again?
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Blacks mission iis to defend BLM & demand justice Agst those who kill them
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Chicago is one place where explosive inequality explode: More poor= more violence
ANOTHER BLOODY CHICAGO WEEKEND SEES ALMOST 40 SHOT, WITH HOMICIDES UP 50%
More grim numbers as police say it's clearly a record year...
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Police pay effect of being in the wrong place at the wrong time: too risky job.
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"FREE ASSANGE" - RON PAUL RAGES 'THIS IS A WAR ON TRUTH'
It is dangerous to reveal the truth about the illegal and immoral things our government does with our money and in our name, and the war on journalists who dare reveal such truths is very much a bipartisan affair...
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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
Intentional WW3 attack on Syria, basides stolen oil is also fascism.Get out US from S
US SENDS M2A2 BRADLEYS TO CHALLENGE RUSSIAN FORCES IN NORTHERN SYRIA
The US military has reinforced its troops, supposedly mostly withdrawn from Syria, with a new batch of military equipment, this time M2A2 Bradley infantry fighting vehicles...
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This intention precedes the attack on Iran to serve expan of ISR neo-fascism
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LAST DITCH OLIVE BRANCH? IRAN'S ZARIF OFFERS FULL PRISONER SWAP WITH US
Zarif also said Iran considers the 2015 nuclear deal "very much alive"
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US ‘ WW3 plam is clear as clean water. We need to mobilize P against WW3. Trump is losing chances o being re-elected & believe M-East war will help him. That is a stupid opium dream. MAD world destruct wil prevail & US will be hit. US must follow British example of peaceful quit from leading the world.
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RELATED:
US: SHOULD SCOTT ATLAS SUE HIS DETRACTORS?
The original open letter, written most likely in haste and with politicized anger, was a smear. A defamation. A libel. Which is why Atlas has threatened to sue... The signers responded by invoking their freedom of speech.
Authored by Jeffrey Tucker via The American Instit for Econ Research,
Former Stanford professor and now White House advisor Scott Atlas has positioned himself against lockdowns and for widespread reopening of the economy, a position that is backed by high-prestige scientists around the world, including other colleagues at Stanford, Harvard, and Oxford, alongside many medical practitioners.
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China leads the project of Post-neoliberal world without EMPIRES. We must support it
CHINA STOCK SHORTS SOAR TO RECORD HIGH
The balance of securities lending in domestic exchanges has jumped to a record 81.9 billion yuan ($12.1 billion), surging 8.8 billion yuan last week alone in the biggest one-week net increase ever.
By Molly Dai, Singapore based macro commentator for Bloomberg
With China’s equity market cooling in recent weeks, following its fastest rally in years,investors have pushed the value of Chinese stocks being shorted to uncharted levels.
The balance of securities lending in domestic exchanges has jumped to a record 81.9 billion yuan ($12.1 billion), surging 8.8 billion yuan last week alone in the biggest one-week net increase ever, according to data compiled by Bloomberg dating back to late 2012.
That suggests traders remain worried about further declines in Chinese shares as the benchmark Shanghai Composite Index fights to hold on to a series of support levels around the 3,300 level.
SEE CHART:
https://www.zerohedge.com/s3/files/inline-images/china%20stock%20shorts.jpg?itok=0XIfEbjm
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SOURCE: https://www.zerohedge.com/markets/china-stock-shorts-soar-record-high
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Instead of supporting Trump re-election NASA must pray for good rocks in the Moon
NASA IS PAYING FOR MOON-ROCKS - IMPLICATIONS FOR SPACE COMMERCE ARE HUGE
NASA just made a “giant leap for mankind.”Everyone who cares about human wealth and welfare should heartily thank them...
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Instead of warning & bringins mask to them Police jail them. Police who kill must be Jial
Universities are punishing kids for partying –
after cashing their tuition checks, of course
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Police should not follow stupid rules & give them chances to be student
The party was consistent with New York City's Phase 4 COVID-19 guidelines, which allow events of up to 50 people. Many attendees went mask-less, but Andy says he didn't stand in close proximity to anyone other than his roommates—who are also students—and they left after a short while.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
-Rats Reportedly Mutilate COVID-19 Victim’s Dead Body at Private Hospital in India
- Millions of US Citizens May Have to Pay for COVID-19 Vaccine Despite Gov't Plans, Reports Say
- US Giant Baker Hughes Remains Interested in Russian Market Despite Sanctions
- Beijing Court Sentences Real Estate Tycoon to 18 Years in Prison for Corruption
- Pal- Fem or Terrorist? Here's Why Leila Khaled's S Francisco Univ Lect Stirs Uproar
- Decades-Long Finnish Twin Study Links Smoking to Risk of Fatal Stroke
- Trump Says He Is 'Constitutionally Obligated' to Fill Supreme Court Vacancy
- 40 Arrested After Naked Anti-Oil Protest in Norwegian Capital
- Intel Report Receives US License to Continue Supplying Some Products to Huawei
- US 'Biggest Threat' to International Security, Cuban Foreign Minister Says
- How US 's New Anti-Iranian Sanctions Translate Into Political Victory for Tehran
- US to Militarily Challenge China in Asia-Pacific?
- Canada’s P M Says World Must Double Down on Efforts to Resolve Current Crises
- US Policy on Iran Unlikely to Change After November Vote, Pompeo Says
- Snowden Reportedly Agrees to Pay United States $5 Million From Book, Speeches
- Indian Prime Minister Stresses Need for UN Reform
- World Needs Coop, UN Provides Necessary Conditions For Dialogue, Lavrov Says
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THE REST FOR TOMORROW
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