Nueva Democracia: SEP 29 20 ND SIT EC y POL

SEP 29 20 ND SIT EC y POL

ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco

Service restored. It was cut for few minutes. I got scare

ZERO HEDGE ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

Where is my Money?

BONDS & BULLION BID AS STOCKS & DOLLAR SKID

COVID concerns (NFL cases and NYC positivity rates), a lack of stimulus progression, and the uncertainty ahead of tonight's presidential debate weighed on stocks and the dollar, but sparked a safe-haven bid under bonds and precious metals...

The machines tried as usual to get back to even but with no lasting luck (weakness into Asia close and European close and US close..

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-09-29_12-59-32.jpg?itok=TpIdcJku

"Where's my money!"

Gold futures topped $1900...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-09-29_12-02-51.jpg?itok=PLsGCm1n

Gold bounced off its 100DMA...

See Chart:

Spot Gold 100 DMA

https://www.zerohedge.com/s3/files/inline-images/bfm794E_0.jpg?itok=mzQAsHqq

As Real yields tumbled, precious metals were bid...

See Chart:

Ten Y real yield (inv) vs Spot gold

https://www.zerohedge.com/s3/files/inline-images/bfmCA7_1.jpg?itok=bmcVdooC

Election uncertainty continued to surge

With the VIX curve notably perturbed...

See Chart:

VIX Term structure: todas vs two Wks ago

https://www.zerohedge.com/s3/files/inline-images/bfm87E4.jpg?itok=qIFXNaiM

The B-dollar Index leaked lower again today...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm9A05_0.jpg?itok=dQGcpO3_

Bonds were bid very modestly on the day with 10Y Yields back to A 63bps handle...

See Chart:

UST 10Y Yield

https://www.zerohedge.com/s3/files/inline-images/bfmFE65.jpg?itok=aTs5Pgu3

Cryptos were lower on the day

Silver futures back above $24...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-09-29_12-22-22.jpg?itok=1V66lejO

Which pushed the Gold/Silver ratio back below 80x...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmE612_0.jpg?itok=A-nBFPNK

Finally, as Bloomberg notes, oil trading is grinding to a halt with the market concerned about the coronavirus pandemic’s impact on demand and supply cuts from OPEC+ producers.

See Chart:

WTI Futs Volume down

https://www.zerohedge.com/s3/files/inline-images/bfmB0C5.jpg?itok=j6vKu8fX

And as the month comes to an end, we note that the USDollar is outperforming gold in September by the most since Trump was elected...

See Chart:

US Dollar- Gold monthly performance

https://www.zerohedge.com/s3/files/inline-images/bfmC77B.jpg?itok=6esaLEB4

….

SOURCE: https://www.zerohedge.com/markets/bonds-bullion-bid-stocks-dollar-skid

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No chances for US of good business with oil until 2026

WTI REBOUNDS ABOVE $39 AFTER SURPRISE CRUDE DRAW

Another surprise crude draw last week according to API data but a surprise gasoline product build offset some of the excitement...

The sell-off in equities, “which have been propping up oil prices recently, is exposing the oil markets’ weak fundamental backdrop,” said Ryan Fitzmaurice, commodities strategist at Rabobank.

WTI was hovering around $39 ahead of the API data and bounced modestly on the data...

SEE CHART:

https://www.zerohedge.com/s3/files/inline-images/2020-09-29_13-30-46.jpg?itok=SwGLWCEL

We do note that the clashes between Armenia and Azerbaijan have "kept markets on edge," as an escalation in the conflict "could affect oil and gas exports from Azerbaijan," said analysts at ICICI Bank.

Three of the world’s biggest independent oil traders said consumption won’t meaningfully recover for at least another 18 months. That comes as Total SE said demand growth will end around 2030 and Pierre Andurand, chief investment officer and founder of Andurand Capital Management LLP, called for demand to peak in 2026.

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YALE ECONOMIST WARNS OF LOOMING DOLLAR COLLAPSE

...three factors will ultimately doom the dollar..

Peter Schiff has been warning about a looming dollar collapse. During an appearance on Fox Business in July, Peter said the dollar isn’t just going down, it’s going to crash.

“I think the dollar is going to keep drifting down until it collapses,” Peter said.

“And this is going to usher in a real economic crisis in America, unlike something we’ve ever seen.

Peter is not alone. In a recent article published on SCMP.com, Yale economist Stephen Roach said he expects the dollar to plunge by as much as 35% next year.

Roach lists three factors he thinks will ultimately doom the dollar.

This reflects three considerations:

1. the rapid deterioration in macroeconomic imbalances in the United States,

2. the ascendancy of the euro and renminbi as alternatives, and

3. the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era.”

Roach called the confluence of an erosion in domestic savings and the current account deficit “nothing short of staggering.”

Contiune reading at:

SOURCE: https://www.zerohedge.com/markets/yale-economist-warns-looming-dollar-collapse

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WE'VE REACHED "THE ENDPOINT" - MONETARY AND FISCAL POLICY WON'T HELP

"Society is addicted to debt, and theaddiction consumes the addict. The endpoint is a rapid collapse of confidence in U.S. debt and the U.S. dollar..."

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JPM PAYS RECORD $1 BILLION FINE; ADMITS SPOOFING OF GOLD AND TREASURIES

"Not only will the company pay a substantial financial penalty and return money to victims, but this agreement requires JPMorgan to self-report violations of the federal anti-fraud laws..."

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US DOMESTIC POLITICS

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

TRUMP CAMPAIGN RELEASES "17 QUESTIONS JOE BIDEN MUST ANSWER IN THE DEBATE"

"Is that the only time you've said the N-word?"

See the full list below:

Your son Hunter Biden received a $3.5 million wire transfer from a Russian billionaire who was married to the former mayor of Moscow. He also had a joint bank account with a Chinese national that financed $100,000 in credit card purchases around the world. This all happened while you were Vice President. Why would people connected to the Russian and Chinese governments want to give your son millions of dollars?
You recently said you “got started” at Delaware State University, an HBCU. The school says they have no record of you ever attending. What did you major in there?
In June you said you were vetting your own potential Supreme Court picks and promised you would release your own list. Now you say you won’t release a list. Why go back on your pledge?
Your running mate Kamala Harris said last year that she was open to adding as many as 4 seats to the Supreme Court. Now more leading Democrats are saying your party should pack the Supreme Court if they get the chance. Are you refusing to answer whether you will go along with this radical plan because you are too weak to stand up to it?
In January 2017, you said that Democrats should not block President Trump’s nominees for the Supreme Court. You said you believe the Constitution “requires” the Senate “to give the nominee a hearing and a vote.” In 2016 you said “would go forward with the confirmation process” of a Supreme Court nominee “even a few months before a presidential election … just as the Constitution requires." Now you say the Constitution requires the exact opposite. How do you reconcile that change?
In 2008 you promised Americans that if they made less than $250,000 they would not pay a penny more in taxes. You broke that promise and imposed new taxes that directly impacted middle-class Americans. Now you’re claiming you won’t raise taxes on anyone making more than 400,000. Why should voters believe you now, especially since you’ve said you will reinstate the individual mandate tax?
As Vice President, you oversaw the weakest economic recovery since the Great Depression. What would you do differently if you were elected?
Your plan would raise the U.S. business tax rate higher than China’s rate. Won’t that make it more expensive for companies to do business in America and ultimately send jobs overseas?
President Trump imposed restrictions on travel from China on January 31to combat the spread of the coronavirus. Why did it take you two months to say you supported that decision?
In 2008 you and Barack Obama promised to fully fund the federal COPS program, which provides resources to local law enforcement. But funding for this program was cut while you were vice president, despite your promise. Why did you fail to keep your word?
Earlier this year your campaign staff donated money to the Minnesota Freedom Fund, an organization that bailed out of a jail a rioter who shot at police officers and other violent criminals and sexual predators. Your running mate Kamala Harris also urged people to donate to that organization and is still raising money for it. Do you condone that?
You say if you’re elected you’ll push to give citizenship to the 11 million undocumented people in our country. Why do you believe they should receive Medicare and Social Security benefits?
When you were running for president in 2007, both you and Obamapledged to renegotiate NAFTA, a promise you did not keep when you were in office. You recently blamed Republicans for this, saying they wouldn’t go along with it, but Democrats controlled Congress in 2009 when the Obama Administration announced it would not even try to change NAFTA. So why did you fail to keep your word?
When you voted to give China “most favored nation” trade status in 2000,you said you did not foresee “the collapse of the American manufacturing economy” because of it. But by one estimate, it led to the loss of 1 million manufacturing jobs in the U.S. Do you acknowledge that your vote to give China most favored nation trade status was a mistake that hurt American workers?
The 2009 H1N1 swine flu pandemic infected 60 million Americans when you were VP, and the federal government depleted its strategic stockpile of N95 masks in response. A fact check by USA Today found that your administration made no effort to replenish the stockpile of masks, despite warnings from experts. Do you accept responsibility for that failure, which left America unprepared for another pandemic?
Your campaign says it is a “lie” that “the Biden-Harris ticket is the most radically pro-abortion” ticket “in U.S. history.” Are there any restrictions on abortion that you support, and if so, please be specific?
You said the N-word 13 times during a 1985 Senate nomination fight, when you were quoting something attributed to someone else. Do you think that was appropriate to do? Is that the only time you’ve said the N-word?

SOURCE: https://www.zerohedge.com/political/trump-campaign-releases-17-questions-joe-biden-must-answer-debate

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DOES TONIGHT'S DEBATE EVEN MATTER?

In the last 10 elections with debate reaction data stretching back to 1976, only 2 candidates who were perceived to have won the first debate went on to win the election.

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BIDEN RELEASES 2019 TAX RETURNS HOURS BEFORE FIRST DEBATE; PAID $300,000 IN TAXES

With just over 8 hours to go before the first debate, Joe Biden and his wife, Jill, released their 2019 tax returns.

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TRUMP CAMPAIGN REJECTS BIDEN REQUEST FOR DEBATE BREAK EVERY 30 MINS, DEMANDS 'EAR-PIECE' INSPECTIONS

Questions have swirled for months over whether Biden would even show up for the debates, with Nancy Pelosi repeatedly suggesting he should skip them altogether...

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"CRASH-UP RISK": WHAT IF THE ELECTION IS NOT THE "DOOMSDAY EVENT" THE VIX EXPECTS IT TO BE Very nice charts here

The odd thing is that "crash-UP" market risk is more pronounced than "crash-DOWN" - especially with VIX already pricing in election doomsday

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GOLD FUTURES JUMP BACK TO $1900 AS REAL YIELDS TUMBLE

While the USD is not fading dramatically, it is the renewed tumble in real yieldsthat appears to be triggering a renewed dip-buying feast in precious metals...

I showed the chart above

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The US imperial power is over and we do not have post neoliberal plan

JIM QUINN: THE ONLY THING 'SYSTEMATIC' IS THE DESTRUCTION OF AMERICA

We are far from the republic Franklin and his fellow patriots gave us, and as Franklin foreshadowed, we were unable to keep it...

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"CORRUPTION !!!" - FURIOUS TRUMP QUESTIONS WHY OBSERVERS WERE BARRED FROM EARLY VOTING SITES

Trump observers are being denied entry to the satellite voting locations across the city...

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THE MOST MISERABLE PLACE ON EARTH: DISNEY FIRING 28,000 WORKERS

Two-thirds of the newly laid-off workers are part-time employees: they will be happy to know that Disney loaded up on massive debt so it could fund stock buybacks.

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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

Risk of WW3 with Trump are pretty clear:

'RAPID STRIKES TO FOLLOW': IRAQIS SEE US THREAT TO SHUTTER EMBASSY AS PRELUDE TO WAR

US doesn't “want to be limited in their options” to weaken Iran or pro-Iranian militias in Iraq.

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Tax evasion is serious crime. Trump must be in jail

HOW MANY OF THESE QUESTIONS WILL CHRIS WALLACE ASK JOE BIDEN?

"You have vowed to rescind the Trump tax cuts. Can you think of a single example of a country that recovered from a recession by raising taxes?"

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TURKEY REJECTS ARMENIAN DEFENSE MINISTRY CLAIM ITS JET SHOT DOWN BY TURKISH F-16