Nueva Democracia: 0CT 8 20 ND SIT EC y POL

0CT 8 20 ND SIT EC y POL

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

DID THE WHO JUST (ACCIDENTALLY) CONFIRM COVID IS NO MORE DANGEROUS THAN FLU? WHO: World Health Org

The World Health Organization has finally confirmed what we (and many experts and studies) have been saying for months – the coronavirus is NO more deadly or dangerous than seasonal flu.

At the session, Dr Michael Ryan, the WHO’s Head of Emergencies revealed that they believe roughly 10% of the world has been infected with Sars-Cov-2.

Dr Ryan even said it means “the vast majority of the world remains at risk.”

The global population is roughly 7.8 billion people, if 10% have been infected that is 780 million cases. The global death toll currently attributed to Sars-Cov-2 infections is 1,061,539. (Is Sars –Cov-2 in WHO lang similar to COVIDin US lang)

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ZERO HEDGE ECONOMICS

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

YOU GET NOTHING:

STOCKS, BONDS, BITCOIN, GOLD, & OIL POP DESPITE STIMULUS SLOP

Large stimulus, small stimulus, skinny stimulus, pre-election stimulus, post-election stimulus, state stimulus, airline stimulus, no stimulus... today had everything (well nothing)...

...but it seems the algos are exhausted as stocks generally shrugged along ignoring the headlines and tweets, hovering at the pre-Trump 'no-deal' Tweet levels all day...

See Chart:

Trump ‘NO DEAL’ vs. Trump Airline/PPP Deal

https://www.zerohedge.com/s3/files/inline-images/2020-10-08_12-57-29.jpg?itok=ThBrxu2Y

Small Caps (once again) outperformed with Nasdaq lagging...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-08_12-38-35.jpg?itok=M1ciSyyR

Nasdaq 100 is at 2-month lows relative to Small Caps...

See Chart:

Nasdaq 100 / Russell 2000

https://www.zerohedge.com/s3/files/inline-images/bfmAAD7.jpg?itok=n6a0PoXq

One glance at the S&P 500 futures' intraday price action and you could be mistaken for thinking its just another Robinhood-sponsored penny stock party...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-08_12-28-23.jpg?itok=r1E6kZZg

Utter chaos in the VIX complex today...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-08_12-31-00.jpg?itok=P19sou6e

Airline stocks showed where the highest beta is...

See Chart:

S&P Airline Sector

https://www.zerohedge.com/s3/files/inline-images/bfm5772.jpg?itok=2QY0SC0i

Bond yields drifted very gently lower all day...

See Chart:

UST 10Y Yield

https://www.zerohedge.com/s3/files/inline-images/bfm8161.jpg?itok=FT-vN3Tu

Real yields tumbled today...

See Chart:

Spot gold vs 10Y Yield {inv)

https://www.zerohedge.com/markets/stocks-bonds-bitcoin-gold-oil-pop-despite-stimulus-slop

The B-dollar index also fell very modestly...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm4D63.jpg?itok=_wJsGaYh

And oil prices jumped on Saudi/OPEC optimistic jawboning (WTI topped $41)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-08_12-13-01.jpg?itok=SOv_p3yp

Finally, you just have to laugh at the run on "Most Shorted" stocks (squeezing higher for 9 of the last 10 days)...

See Chart:

“Most Shorted” stocks

https://www.zerohedge.com/s3/files/inline-images/bfm419A.jpg?itok=PQwK9y4e

We'll leave you with Boston Fed President Rosengren's warning today:

“Abnormally low rates for a long period during times when economic slack is no longer a concern can result in excessive risk-taking, as businesses and firms take on additional debt and accumulate more risky assets in search of better returns – potentially bidding up asset prices to unsustainable levels. The financial pressures associated with such behavior build gradually, and only become clear in the next economic downturn.”

“In the United States, we do not have a cohesive set of regulatory and supervisory tools to moderate risk build-ups. And while we do have the Financial Stability Oversight Council, we do not have a regulatory and supervisory body endowed with tools and structures that can be deployed to limit financial stability risks.”

So we should probably ignore this...

See Chart:

S&P 500 Price-to-Sales Ratio

https://www.zerohedge.com/s3/files/inline-images/bfmF2B2_0.jpg?itok=xqLoOsys

….

SOURCE: https://www.zerohedge.com/markets/stocks-bonds-bitcoin-gold-oil-pop-despite-stimulus-slop

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RIGGED? BILLIONAIRE WEALTH SURGES AS WORKING-POOR STRUGGLE

"The economic crisis we are suffering because of the pandemic has been fuelled by a rigged economic model."

The virus pandemic has exposed the rigged economic system we all knew about, where mega-corporations and their billionaire owners, a small group of elites, were handed trillions of dollars of stimulus money by their respective central banks and governments.

The "Riding the storm" study, published on Wednesday by UBS and PwC, found that between April and July of this year, global billionaire wealth soared to $10.2 trillion, up from $8 trillion at the beginning of April. This increase reflected a 27.5% surge in total billionaire wealth over the three months.

As the Federal Reserve and other major central banks rapidly expanded their balance sheets, it becomes easily discernible that aggressive monetary policy benefited billionaires. During the three months, the number of billionaires worldwide hit a new record high of 2,189, surpassing the 2017 peak of 2,158.

See Chart:

Central Bank Balance sheets Total assets in USD rill

https://www.zerohedge.com/s3/files/inline-images/2020-10-07_11-58-59.png?itok=5ethsjmq

The study found diverging fortunes between billionaires, while all billionaires across all industries saw rising wealth, ones based in technology and healthcare saw the largest increase in new wealth. Most of the wealth creation occurred during coronavirus lockdowns, while working-poor folks were confined to their homes.

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-07_13-13-47.png?itok=BTYKe3nI

If it's monetary or fiscal, the transmission of stimulus to the world's wealthiest is a tragedy in itself. The rich got richer, and the working-poor got poorer. In some countries, such as the US, tens of millions of households were handed lousy $1,200 checks, with many folks still without jobs, depleted emergency savings, food insecurity issues, and millions at risk of eviction.

The flawed economic system has been exposed for the world to see. The result, well, it's a "K-SHAPED" RECOVERY, outlines how wealthy elites greatly benefited from stimulus but left the working-poor and small businesses with no recovery. The coming blowback of such a reckless policy by governments and central banks enriching billionaires will continue to widen the wealth gap that results in continued social unrest.

….

SOURCE: https://www.zerohedge.com/personal-finance/rigged-billionaire-wealth-surges-working-poor-struggle

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FOR THE SECOND STRAIGHT MONTH, THE FED BOUGHT ZERO BOND ETFS

"Once is happen stance. Twice is coincidence. Three times is enemy action"

For much of the past seven months, the biggest story in capital markets was the Fed's Blackrock-mediated purchases of corporate bonds, either in the primary or secondary market or via ETFs.

As a reminder, while the Fed pre-announced its intention to purchase up to $750BN in corporate bond in March, it started purchasing bonds in May, and bond ETFs in June. By directly entering the corporate bond market Powell created what many said the biggest corporate and junk bond bubble in history, because by backstopping prices the Fed terminally disconnected fundamentals from prices.

And, as expected, bond prices, stocks, and ETFs all surged while yields plunged, even while the underlying cash flow fundamentals deteriorated as everyone was trying to front-run the Fed’s pending or concurrent massive purchases. In other words, by jawboning alone, the Fed accomplished its handiwork.

So fast forward to today when the Fed released the latest monthly activity details under its Secondary Market Corporate Credit Facility when we find that for the second month in a row, the Fed bought zero corporate ETFs...

1-No purchases were made over the current reporting period

... and logically, the number of ETF shares held was unchanged for the second consecutive month:

See Table:

https://www.zerohedge.com/s3/files/inline-images/ETF%20purchases%20oct%202020%202.jpg?itok=Sps47lzd

1.Includes all ETFs purchased through Sept 28 to Sep 30: No purchases at all. Looking at the bond level data showed a similar picture: here the Fed or rather Blackrock was just a bit busier, and bought just $420 million par value of bonds between Aug 31 and Sept 29, after purchasing just $421 million the month prior.

However, unlike August when Blackrock purchased $7 million in Apple bonds across three CUSIPs with maturity dates in 2023, 2024 and 2025.

See Table:

https://www.zerohedge.com/s3/files/inline-images/apple%2010.8.jpg?itok=uu7wmhW3

n any case, the modest September purchases, the Fed's total corporate bond holdings rose by $394 million from $3.988 billion to 4.382 billion, an amount which also included the redemptions of several issues. And when combined with its $8.618 billion in ETF holdings, this means that as of August 31, the Fed owned just over $13 billion in bonds and ETFs.

Why is this notable?

Because this $13BN of bond purchases to date is a long way away from the $750BN figure the Fed initially said it was targeting and is far below the bogey the market has in mind. , as Johnson says "is currently in market participants psyche (i.e., 1.8% of what many continue to think the Fed will spend)".

Continue reading at:

SOURCE: https://www.zerohedge.com/markets/second-straight-month-fed-bought-zero-bond-etfs

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PETER SCHIFF: STIMULUS DOESN'T HELP THE UNDERLYING ECONOMY

"It doesn’t do anything to increase productive output of the economy. It does stimulate the markets. It makes stock prices go up. So clearly, there’s an interest for that. But that doesn’t help the actual economy. "

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US DOMESTIC POLITICS

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

PROFS SAY TRUMP IS GUILTY OF "NEGLIGENT HOMICIDE", CALL HIM A "CLIMATE TERRORIST, TRAITOR, & MASS MURDERER"

TDS turned up to 11...

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COMMISSION REFUSES REQUEST FOR IN-PERSON DEBATE, IGNORES TRUMP DOCTOR

“The chair of the Commission on Presidential Debates says it is not reconsidering shifting the second debate from virtual back to in-person, despite a request from President Donald Trump’s team.”

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I don’t think GOD bless a los pandemiados de arriba, I guess Devil is doing such job

2ND TOP GENERAL TESTS POSITIVE FOR VIRUS AS PENTAGON SCRAMBLES TO TRACE CONTACTS

Almost all of the Joint Chiefs are still in home quarantine...

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This message said the level of psychotic disorders in Trump, it is no mere xenophobia

TRUMP SAYS "CHINA WILL PAY A BIG PRICE FOR WHAT IT DID TO THE WORLD AND TO US" IN LATEST VIDEO MESSAGE

Trump just promised every senior citizen in America that they will have access to the Regeneron therapeutic Trump credits as a "cure" for his condition - and China, presumably, will pay for it.

….

Since his intention is WAR with China (the start of WW3) with no respect to life of millions of innocent people victimized by nuke-missiles, I guess he suffer the ill detected in Hitler and other genociders: paranoid schizophrenia. IF so, he is very dangerous & his mind has to be tested by psychiatric Dr and psychologists. At the beginning he accused China of creating the virus & spreading with students sending to US, that was a stupid & nasty xenopbofic attitude . But the intention of US WW3 against china has nothing to do virus. Before the virus PENTA & NATO send 48 th troops to the border of RU & CH with the intention of mega-nuke bombing & then invasion. This plan got the support US & Eurpean big CORP. To destroy socialism in China & RU was the plan . Why?. Because the obsolete neoliberal system cannot compete with socialism. That is also today real interest in attacking China-RU. Now this a opium dream because they can respond any nuke attack immediately . To avoid WW3 we have to take Trump out of power. And is Biden implement PENTA plans for WAR we have to depose him from power too. We are now getting resources to implement PEOPLE anti-war plan. Trump defeat in election is a good start. If no, nuestra lucha Pacifica will continue. Venceremos!

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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

ON THE DESTRUCTION OF THE WORLD ECONOMY BY THE CENTRAL BANKS

We have lived in a ‘mirage’ of economic expansion since 2011... The simple fact is that is time has come for the central banks to go. The sooner, the better...

For years, we have been warning about dire consequences if central banks continue to meddle in the economy and financial markets.

Over the years, central banks have created conditions where prices in capital markets—and by implication, the resulting capital allocation structure—have become distorted to a previously unimaginable degree.

This has resulted in three extremely troublesome fragilities at the heart of the world economy.

First, it has led to ‘yield hunting’ among investors, who are forced to seek higher yields from riskier financial products.

Secondly, it has led to a permanent central bank intervention in the financial markets, because without it a crash would surely occur.

Thirdly - and this is something that has received much too little attention - the massive capital misallocations due to unnaturally low interest rates have ‘hollowed-out’ vast sectors of the global economy.

We have been focusing on the fragility of the financial markets frequently lately, so this time we will concentrate on the capital misallocation issue instead, though the two are inherently linked.

READ THE CONTENT OF THIS SUBTITLES:

The driving force of the economy

‘Hollowing out’

The collapse of productivity growth

Total Factor Productivity, or TFP

Figure 1 presents TFP in the world since 1990. As one notes, the TFP falls during crises and increases during economic expansions and booms. However, global TFP growth began to stagnate in 2011 and has never recovered.

See Chart:

Global and Regional TFP Growth (%)

https://www.zerohedge.com/s3/files/inline-images/TFP-20-Blog.jpg?itok=KHOZL4lm

The period we call the “Great Stagnation” from 2011 till now, should not have occurred. Productivity should grow in economic expansions, but since then has not.

The stagnation of TFP growth tells a chilling tale about the destruction of the foundations of our economies. The deep erosion of both the risk-and-reward relationship and free capital allocation by misguided central banks have literally stopped the great engine of global productivity growth.

We have lived in a ‘mirage’ of economic expansion since 2011.

The end is nigh!

The collapse may start from the U.S. stock market, some corner of the U.S. credit markets, from the teetering European banking sector, or from some other obscure part of the financial markets. The only question is, how long do we have?

With the second wave of the coronavirus pandemic gathering steam, the only remotely reliable answer we can give is, “not long”.

And, when the collapse occurs, then the fate of our and future generations will be decided. If we let the central banks assume full control of our economies, a truly horrible future scenario emerges, as we warned in the Q-Review 9/2020.

THE SIMPLE FACT IS THAT IS TIME HAS COME FOR THE CENTRAL BANKS TO GO. THE SOONER, THE BETTER.

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SOURCE: https://www.zerohedge.com/economics/destruction-world-economy-central-banks

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The stupid war of US –ISR on IRAN hast t/b resp by hitting Dimona + other nuke sites

US TREASURY IMPOSES CRUSHING SANCTIONS ON 18 MAJOR IRANIAN BANKS

Effectively blacklists Iran's entire financial system...

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SPUTNIK and RT SHOWS

GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3

-US Lawmakers to Introduce Legislation on Commission to Evaluate President’s Mental Capacity

-Protesters Rally in Berlin Against Eviction of Liebig34 Squat - Video