SEP 26 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
A VISUAL HISTORY OF THE FED'S FORWARD GUIDANCE
Things have been more fluid than the Fed expected.
Ten years after the Fed had steadfastly followed a monetary policy prescription based on the preachings of the Phillips model, late in August the Fed finally admitted that it had done everything wrong. As Fed vice chair Richard Clarida said when discussing the Fed's new policy "framework" of Flexible Average Inflation Targeting (or no FAIT), this was "a robust evolution in the Federal Reserve's policy framework and reflects the reality that econometric models of maximum employment, while essential inputs to monetary policy, can be and have been wrong."
Frankly, we don't know or care, but now that the Fed is once again in a corner and on the verge of launching both yield curve control (should the Democrats sweep in November), expanded QE (once the S&P drops a total of 20% from its all time high), and even more forward guidance (to the abyss), we decided to show readers the catastrophic history of the Fed's projections even before it had admitted it had no clue what the relationship between labor and inflation is.
First, we look at the Fed's laughable forward guidance history:
See Chart:
https://www.zerohedge.com/s3/files/inline-images/fomc%20forward%20guidance.jpg?itok=zfQg8bJs
Next, a look at the FOMC's balance sheet policies: this one is especially amusing in the context of the Fed's dramatic reversal from "autopilot" to rate cuts as soon as stocks slumped in late 2018.
See Chart:
FOMC Balance Sheet Policies
https://www.zerohedge.com/s3/files/inline-images/FOMC%20policies.jpg?itok=jAW4urMV
Finally here is a look at how the Fed's economic projections policies have changed over time.
See Chart:
FOMC & Summary of Economic Projections
https://www.zerohedge.com/s3/files/inline-images/MS%20SEP.jpg?itok=_drVN5nj
Source: Morgan Stanley
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OUR SOURCE: https://www.zerohedge.com/markets/visual-history-feds-forward-guidance
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IN UNPRECEDENTED REVERSAL, NASDAQ SHORTS HIT SECOND HIGHEST EVER
It took only a modest Nasdaq correction over the past month to send sentiment to the second most bearish on record.
On Friday we pointed out that one week after one of the biggest inflows into stock funds on record - when retail traders furiously BTFD in hopes the market's upward momentum would accelerate - speculators hit a brick wall and reversed furiously as stocks slumped, with US equity funds and ETFs reporting $26.87BN of outflows, the largest weekly outflow since December 2018 and the third largest outflow ever! In other this was the fastest and biggest sentiment reversal on record.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/weekly%20equity%20fund%20flows_0.jpg?itok=YFWRZDe8
But nowhere has the sentiment shift been as clear as in Nasdaq 100 Mini futures, where after more than a year of bullish sentiment with just one tiny dip into bearish territory in May, speculators finally puked, sending the net non-commercial NQ futs to -134,311 contracts, surpassing the peak bearish sentiment during and after the financial crisis...
See Chart:
Nasdaq 100 Mini futures net non-commercial specs
https://www.zerohedge.com/s3/files/inline-images/nasdaq%20net.jpg?itok=T0WMFQba
.. and in fact the second highest on record, with just July 2006 more bearish. What happened back then? For the next generation of traders out there, that's when Fed had just reached the peak of its rate-hike cycle (yes, there was a time when rates above 2% were possible), hammering the Nasdaq.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/nasdaq%20net%202.jpg?itok=7U8zSpDD
What is curious is that it took only a modest Nasdaq correction over the past month to send sentiment to the second most bearish on record. And unlike 2006, this time the Fed can't cut rates any lower to reverse sentiment.
On the other hand, the Fed can and will do everything in its power to push sentiment even higher now that Powell has made it clear the Fed is all in the stock market as the primary wealth effect mechanism, in which case watch out once the near record short-squeeze in NQ futs begins: it can and will send the Nasdaq to all time highs faster than you can spell "Brrrrr."
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SOURCE: https://www.zerohedge.com/markets/unprecedented-reversal-nasdaq-shorts-hit-second-highest-ever
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Making digestible the explosive inequality:
Good initiative but not enough to PA. Beggars on street across N demand much-more
BANK OF AMERICA ISSUES $2 BILLION BOND TO FIGHT "RACE INEQUALITY"
"Our communities and the environment are inextricably linked, and Bank of America cares deeply about both and continues to explore innovative ways to enable investors to use their investments to help address these societal challenges."
Fed have failed at sparking wage inflation (and is now hiding behind the semantic construct of Average Inflation Targeting which gives it leeway to keep rates at zero for decades to come), has instead pivoted to levitating the stock market as the primary source of social wealth creation, is now seeking to combat climate change, has become an expert epidemiologist, and has even been tasked with ending racial inequality it should probably come as no surprise that banks which are behind the biggest corporate debt bubble in history, are now selling debt under the absurd virtue-signaling guise of "fighting racial inequality."
No really: last week Bank of America issued a $2 billion bond (on which it was also the sole book runner) which aims to advance racial equality, economic opportunity and environmental sustainability.
BofA Vice Chairman Anne Finucane and Chief Operating Officer Tom Montag, is the company’s eighth environmental, social and governance (ESG) themed bond, bringing its total issuance in the category to $9.85 billion, the bank said in a statement .
As a result, companies looking to fund ESG projects are tapping the green-bond market at the fastest monthly pace ever according to Bloomberg, with September’s global green-bond issuance already exceededing $30 billion, beating the prior record of $26 billion set in November 2018. And, as Bloomberg adds, "issuance is expected to remain brisk as companies see an opportunity to show their green credentials and potentially reduce funding costs while investors increasingly focus on sustainability."
See Chart
Sustainable debt surpassed $350 Bill in 2019
https://www.zerohedge.com/s3/files/inline-images/ESG%20bonds%202020-09-26_16-02-37.jpg?itok=mnLF5wgg
“I don’t think that trend will diminish even in the face of market volatility,” said Andrew Karp, the bank’s head of global investment-grade capital markets. “ESG activity will no doubt grow in the months and years to come.”
Virtue signaling aside, what is the real story? Well, within a year, the bank said it would publish a report on the bond’s asset allocation, and it will be updated as long as the notes remain outstanding. We won't be surprised to find that the "non-social portion" of the use of proceeds was somehow used to repurchase BofA's non-ESG stock.
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SOURCE: https://www.zerohedge.com/markets/bank-america-issues-2-billion-bond-fight-race-inequality
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Short news:
TAIBBI: REVENGE OF THE MONEY LAUNDERERS
If bankers can’t get time for washing money for people who put torture videos on the internet, what can they get time for?
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
AMY CONEY BARRETT PICKED BY TRUMP AS U.S. SUPREME COURT NOMINEE
Barrett is the most feared by liberals, some of whom concede that she has "a topnotch legal mind"
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THE SUPPLY CHAIN IS BROKEN AND FOOD SHORTAGES ARE HERE
Not only do we advise you to prepare – but we also advise you to be ready for the unprepared...
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WHY ARE SO MANY AMERICAN VOTERS POLITICALLY HOMELESS?
They look at these major parties and first of all they don't see a big choice as far as policy...
For debate: Why Dems & Reps do not deserve our vote:
1-They are full of fraud, lies, & nasty stereotypes: war monger + Xinop & RUphobia
2- Because they don’t have agenda to face Econ neoliberal debacle. Socialist have it
3-Because Keynesian model we follow is obsolete: is based on spend & Stat Sp is pro-w
4-Bec to face inflation & depress:w artificial supply of fake money + credit ruins Eco Fut
5-Bec either B-T win election won’t have legitimacy 50% of total elect= zero Governabit
6-Bec election based on fraud + lies will kill future social peace= more fascism, no dem
7-Bec there is not 3rd choice to alleviate internal conflict and set homeostasis:polit equi
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This news miss the main threat: Trump & his WW3 threat. Then this is a false flag
WHICH OF THESE POSES THE GREATER THREAT TO THE COUNTRY?
The Democrat party has undergone a sea-change in the last four years. There’s no trace of the party that was once headed by progressive-thinking idealists like John F Kennedy...
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BOTH Dems & Reps are threat to our country. Don’t vote them. Vote 3er opt IF
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Worse wildfire are Dems & Reps. You can blow them out of US politic:don’t vote them
While the state continues to struggle giving its citizens basics, like masks to survive the ongoing pandemic and wildfires, legislators have turned their ire to the real important issue: Snickers bars.
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Incredible we’re invaded by them .. we have to move to other source: Sputnik?
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The worse terrorist org is not ‘antifa’ but the KKK lead by Trump insider Rep’ party
“President Trump is a businessman andunderstands that pride, community, and dedication are built through entrepreneurship...”
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What? They don’t like her in the Supreme Court? Sendimg to Moon is a threat to her!
TOP NASA OFFICIAL UNVEILS $28 BILLION PLAN TO LAND FIRST WOMAN ON MOON
"The Artemis program is well underway!"
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Maybe this threat has the intention of subordinating her to Reps’ party. Then is not a real threat because Trump is going to be defeated in Eltec: He is now 17% behind Biden and this % is going up every day. Perhaps worse after Tues debate.. If he threat or try to ridicule Biden. I expect decent deb or turn off TV.
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Nice comparis, but Jews today nothing good to expect. They join terrorist Agst Ir-Sy-Pa
PROF COMPARES BLACK AMERICANS SUPPORTING TRUMP TO JEWS SUPPORTING HITLER
...black swing voters who are considering Trump “too dumb to see racism even when it runs up and socks 'em in the jaw"...
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Today Jews are the neo-nazis in Middle East, they follow the neo-n Trump in US
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LANDLORDS AVOID CONFRONTATION WITH 'UBER OF EVICTIONS'
"It's fu*ked up..."
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Unemployment is at a record high and many cannot or simply are not paying rent and mortgages... "We are being contracted by frustrated property owners and banks to secure foreclosed residential properties." -Civvl
A new startup company called Civvl is placing Craigslist ads across the countryfor gig workers to evict those who have fallen behind on rent during the pandemic, who can earn "up to 125/hour" for their services.
"Be hired as an eviction crew," reads another ad.
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Even rich people hate Trump .. there are many other examples. Only few Bill love him
Virtue status: signaled
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Those few Billonaires who love Trump don’t decide elect.. they buy votes but.. they will never decide in an election. Focus on them to uncovered it.
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How t buy election in US? Ask PPK: Paycheck Protection Program. Def-contract= Mask
OUTRAGE GROWS OVER PENTAGON FUNNELING $1BN IN COVID RELIEF TO DEFENSE CONTRACTOR WISH LISTS
In many cases firms had already received millions from the Paycheck Protection Program (PPP)...
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It is true that WARS are well financed by PPP..but is more true that election is also part of war nowadays.
SO: The circus Election is well financed. “Democratic Election?”= that is a story tale for naïve people. Don’t vote. Let them kill themselves, we will bury them.
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NEW RESEARCH EXPLAINS WHY CHILDREN ARE FAR LESS VULNERABLE TO COVID-19 THAN ADULTS
There's also reason to suspect that false positives might be higher in children
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Nothing new on this issue. JAPAN & Germany show schools where only the teacher used mask. But also some students that were infected. They were not excluded from School and social context. They were treated with love and compassion. The same happen in China & RU schools. Nothing new about it. We are the inhuman society where only big speculators are happy with Covit 19 IT IS TIME TO MOVE TO SOCIALISM.
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The evil asteroid: “Trump-re-elected’ is that worries most to US People
WHY ARE SO MANY ASTEROIDS HAVING CLOSE-CALLS WITH EARTH IN 2020?
Unfortunately, the truth is that our scientists simply cannot see everything that is up there... They are doing their best, but everyone agrees thatour technology is limited...
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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
US IS PREPARING MILITARY RESPONSE TO WAVE OF IRANIAN-BACKED ATTACKS ON ITS FORCES IN IRAQ
Over the past months, attacks on convoys of the US-led coalition moving military equipment and supplies have become an ordinary development in Iraq
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US INHUMAN BLOCKAGE on VEN DOESN’T WORK
NO INTERNET, NO PROBLEM. VENEZUELA GETS BITCOIN SATELLITE NODE
"We started in Venezuela because of the obvious connectivity problems andCryptobuyer is always looking for a way to be resilient to these kinds of problems by anticipating any possible contingency,"
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OUR Empire is condemned to debacle unless socialism saved not as Empire. The future of our planet moves to geo-political world without empire after dismantle of nuke bombs & missiles. Pacific co-existence will be the new Law
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False flag info from US on China
Beijing fears the US "could find loopholes in those technologies to launch cyber and other attacks..."
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
-Russian Foreign Ministry Calls For Immediate Ceasefire, Negotiations in Nagorno-Karabakh
-Live Updates: Nagorno-Karabakh Head Declares Martial Law Amid Latest Clashes in Region
-Sparks to Fly as Trump, Biden Ditch Handshakes and Masks for First Showdown
-COVID-19 Live Updates: Number of Cases in Peru Exceeds 800,000
-Azerbaijani Defence Ministry Reports Shelling by Armenia in Nagorno-Karabakh Region
-Biden Promises Police Reform, National Commission to Oversee Law Enforcement Action
-Democrats Rip Into Judge Barrett's Supreme Court Nomination
-Five Militants Die in Explosion While Planning Terrorist Attack in Iraq
-Syrian Foreign Min Calls For Countries Under Sanctions to ‘Close Ranks Agst Them’
-ISR Police Call For Adherence to CV-19 Rules As Thousands Protest Agst Governt
-Foreign Sanctions, Interference to Have Opposite Effect on Belarus
-Biden Compares Trump to Nazi Propaganda Chief, Says Prepared For 'Lies' on Debat
-Kamala Harris Chooses Tupac Shakur as Her 'Best Rapper Alive' Pick
-Sweden Calls on US, Russia to Extend New START Treaty, Urges China to Join Talks
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THE REST FOR TOMORROW
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