Nueva Democracia: SEP 28 20 ND SIT EC y POL

SEP 28 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

RICH INVESTORS TAKE "CAUTIOUS" APPROACH TO MARKETS OVER NEXT 12 MONTHS

"The results and analysis in this report give a rare insight into the thinking of some of the world's most sophisticated family office executives and other leading investors."

The caution expressed by respondents comes as FAAMGs are clearly in a bubble.

See Charts:

Ch 1: Top 5 stocks as a share of the total Index

Ch2: Indexes Price Retun

https://www.zerohedge.com/s3/files/inline-images/FAAMG%20sept%2016%202020_0.jpg?itok=yr3aCTyg

Half of the respodents said they expect total portfolio returns for the next 12 months to be in the 1% to 5% range. When asked about future reconfigurations to the portfolio, 56% said they are making "some tactical changes," while only 14%" reported making "significant portfolio changes."

In a separate survey, produced by UBS Global Wealth, they noted, the wealthiest of investors are waiting for a pullback in markets before they start buying.

See Chart:

S&P 500

https://www.zerohedge.com/s3/files/inline-images/2020-09-23_08-53-39.png?itok=DFD8buDK

The question wealthy investors have on their mind: How deep will the pullback be?

See Chart:

You are here vs Dow then & now

https://www.zerohedge.com/s3/files/inline-images/1930s_0.jpg?itok=gjpGXXEz

….

SOURCE: https://www.zerohedge.com/markets/rich-investors-take-cautious-approach-markets-over-next-12-months

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How speculators cripto works & why decentraliz was & is the only path to cripto’s farce

DECENTRALIZED FINANCE AS VALUE CREATOR... AND DESTROYER

At issue is the fundamental equation of trust...

As you’ve probably seen, DeFi on Ethereum is now the hottest thing in all of crypto, further establishing the platform’s first mover advantage, and firing what should be perceived as a shot across the bow of traditional financial services. The success of the movement is attributable to three fundamental properties of decentralized block-chain networks:

1. Composability: Any output of an existing solution — such as collateralized lending or automated market making — could easily be used as an input of a new solution. This means that developers can build on the work of others, mixing and matching existing services to create their own financial supermarkets (what the crypto kids call money legos).

2. Transparency: Every project is transparent, open-source and imminently replicable. Not only can developers look under the hood of successful projects, they can copy the code and introduce their own variation.

3. Permissionless: Anyone can do anything. There are no licenses to acquire, vendors to onboard, KYC procedures to follow or AML/CFT laws to be crippled by. Those who have innovative ideas build them and those who like the resulting service use them. Full stop.

All of this has been around for years, as have the earliest DeFi protocols. But the action didn’t take off until the arrival of liquidity mining earlier this year.

Liquidity mining is the decentralized and community-owned ethos of the crypto universe expanded to financial services. There is no off-chain equivalent, but analogous to Robinhood giving away free stock to its clients based on usage. (RH would never do this, because the infrastructure can’t handle it and the regulators won’t allow it— yet another reason why the only real innovation in financial services is happening on the blockchain .

The introduction of liquidity mining set the DeFi world on fire. Even those who didn’t have an immediate need to lend, borrow or trade started doing so to earn a reward. This spike in activity created a vicious /virtuous cycle: the more people used a protocol, the more valuable the token it was giving away was perceived to be, so the greater the incentive for new users to join the party. In just three months, the value of assets involved with DeFi went up 10x, and fees on Ethereum surged as well.

See Chart:

Total Value locked (USD) in DeFI

https://www.zerohedge.com/s3/files/inline-images/1_yg4CEqM8q0ZQnfqp2J-a7w.jpeg?itok=zXMQNe-j

All of this is great for adoption, energy and excitement. DeFi has reinvigorated the crypto ecosystem, attracted attention from outsiders and caused even greater agita for regulators still grappling with the difference between security tokens and tokenized securities. What it’s not great for is the value of the DeFi governance tokens themselves. This might be considered heresy in the most devout DeFi circles, but I would argue the vast majority of DeFi tokens are borderline worthless. Why? Because of what makes DeFi great in the first place.

Composability + Transparency + Permissionless = No Moat

Put in plain English: If you build it, they will come, but then someone will build a replica, and they will leave.

Continue reading at:

SOURCE: https://www.zerohedge.com/crypto/decentralized-finance-value-creator-and-destroyer

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"INFLATION IS ALREADY HERE": THE FED MAY HAVE A MAJOR PROBLEM ON ITS HANDS

The price of the stuff we’re buying is rising much faster, while the stuff we’re no longer buying has been falling, but still counts for official CPI figures.

While food prices are traditionally volatile, the same pattern emerges for many things sensitive to us sitting at home on Zoom.

Medical care is in demand (up 5%), while higher education is much less attractive (tuition fees up 1.3%, the lowest since data started in the late 1970s).

See Charts:

Stuff we want is Pricier & Stuff we don’t want is cheaper

https://www.zerohedge.com/s3/files/inline-images/WSJ%20prices.jpg?itok=i7ly9DGF

Wages will not rise for a long, long time, a real-time measurement of wage growth as reflected in the Goldman Sachs weekly Wage Tracker, which tracks a universe of wage metrics including the ECI wages and salary data, the BLS's average hourly earnings, hourly compensation and the Atlanta Fed Wage Tracker - reveals the highest print on record!

See Chart:

Wage Tracker

https://www.zerohedge.com/s3/files/inline-images/GS%20wage%20tracker.jpg?itok=7ofFSWOG

But the bottom line is that between the massive government stimulus and organic demand for skilled, highly-employed workers, which has already normalized to pre-covid levels...

See Chart:

Education breakdown of jobs relative to pre-pandemic

https://www.zerohedge.com/s3/files/inline-images/education%20breakdown%20jobvs_0.jpg?itok=TxdBMSOD

For now, however, both prices (for things US consumers actually need) and wages (for those Americans who have a job) are rising fast and that will create a lot of headaches for the Fed in the coming months.

….

SOURCE: https://www.zerohedge.com/economics/inflation-already-here-fed-may-have-major-problem-its-hands

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US DOMESTIC POLITICS

Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

Biden will use & demand concrete evidence to Trump’lies as he will do with Corrup ++

WILL BIDEN 'CORRUPTION' BE OFF-LIMITS IN FIRST DEBATE? .. ask a trumpist

Chris Wallace, America is watching!

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All the Nation will be watching this circus. IF only Lies .. we will turn off the TV

Watch d circus don’t mean we plan to vote either B-T: both R enem of our Fut

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Blaming mask for Peoples riots in Streets .. the most ridiculous trampist view on politic

THE DISTURBING INTERSECTION BETWEEN ANTIFA, BLM, & PUBLIC-SCHOOL TEACHERS

One key facilitator is intuitively obvious - it’s the mask. Anonymity gives a sense of boldness to lash out and behave in aggressive ways...

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HERE ARE 4 POTENTIAL HOTSPOTS WHERE THE NEXT WORLD WAR COULD ERUPT AT ANY TIME

While the world’s people are focused on a virus and America teeters on the brink of a civil war, the world’s governments are positioning themselves for a global conflagration... [ Va con mi critica anti-guerra ]

ARMENIA | AZERBAIJAN

“Russia and Turkey and NATO itself- as both nations are acting as patrons and weapons suppliers to the Armenians Azeris”. [ What? Somos los mas grandes empresarios de Guerra del mundo (lo inundamos con nuestras armas) y no aparecemos en la lista. Que paso ¿? Es que Pompedo no cumple con lanzar sus pedos hediondos? Se le paga para eso y si no trabaja hay que despedirlo. ]

UNITED STATES | RUSSIA

[ Aquí se excluye al mayor aliado de RU: China. Y la guerra contra ellos jamás va ocurrir, aun si Trump es re-electo, sería un suicidio por ambas partes: el MAD impondrá su ley: no WW3, al menos que el loco Trump gane las elecciones y lo decida así: no lo creo. Si hay WW3 tendría que ser antes de las elecciones y no hay tiempo para ello: El 1er principio de guerra seria violado: JUS AT BELLUM (antes de la guerra). Se requiere 4 condiciones que no existen: 1-Proper authority. 2- Just cause. 3- Right intent, and 4- Peaceful end. Si no hay esto al Jefe de Gob y el alto mando militar los enjuician en Cortes Internacionales y la pena capital se impone. No estamos preparados para el WW3 ]

CHINA | INDIA | SOUTH EAST ASIA | JAPAN | UNITED STATES

[ Esta ensalada tampoco lleva los ingredients para una Guerra mundial. Se quedaría en lios de frontera como en Armenia | Azerbaijan, con muertos y heridos, a menos que dispongan de armas nucleares. No hay esa posibilidad. Los rusos están por la solución pacífica del conflicto y es lo que va a ocurrir. Si el US interviene seria solo para sacrificar la vida de US soldiers pero dudo que de armas nucleares ni a Azerbaijan, ni los de ASIA menos. Lo grandes ya tienen armas nucleares y no las van a usar. Sería una idiotez hacerlo y fácilmente castigable por Cortes internacionales. Nadie querría sufrir esa vergüenza.]

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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

How xenophobia became an indecent tactic for war Agst China

CHINESE STATE MEDIA FLOATS TRUMP 'OCTOBER SURPRISE' THEORY CENTERED ON DISPUTED ISLANDS

Global Times editor raises eyebrows with cryptic 'inside information' tweet involving MQ-9 Reaper drones in South China Sea...

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How China respond US war mongerism: with war of course

CHINA INITIATES 5 SIMULTANEOUS MILITARY DRILLS 'DIRECTED AT TAIWAN'

Comes after Taiwan updated rules of engagement to give army right to "counterattack" any inbound PLA warplanes...

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SPUTNIK and RT SHOWS