NOV 13 20 ND SIT EC y POL Updated
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
AS BILL ACKMAN SHORTS CREDIT, CDS PAYOUTS SOAR TO HIGHEST LEVEL SINCE 2009
"In times of stress, it's a go-to product, and we've seen a lot of stress this year"
It was reported this week that billionaire hedge fund manager Bill Ackman had placed another massive bearish bet in credit markets as the resurgence of COVID-19 cases risks another nationwide lockdown, especially if Joe Biden is in the White house.
Ackman's dabbling in CDS markets comes as contracts linked to 19 borrowers have been settled this year - the highest since 2009 - and with looming lockdowns and the reimposition of strict social distancing measures - more companies are expected to stumble into bankruptcy or restructuring.
See Chart:
Cashing in: Number of CDS auctions raised to highest sin 2009
While the cost of credit protection is dramatically cheaper than equity protection - Ackman and other savvy investors - are placing their bets that the virus pandemic could rupture credit markets once more.
See Chart:
Vix (l1); US high Yield CDS (R1) ; US Investment grade CDS (R2)
https://www.zerohedge.com/s3/files/inline-images/bfmE502_0_0.jpg?itok=go8sl45S
Meanwhile, this year's high rate of defaults and soaring payouts have been stressful for fund's selling swaps on investment-grade and high-yield bonds as the virus pandemic risks unleashing the next massive default wave.
SOURCE: https://www.zerohedge.com/markets/bill-ackman-shorts-credit-cds-payouts-soar-highest-level-2009
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CORE PRODUCER PRICE GROWTH SLOWS IN OCTOBER BUT FOOD PRICES SURGE
Nearly three-fourths of the October advance is attributable to prices for final demand foods, which jumped 2.4 percent.
After yesterday's disappointing (for some) cooler-than-expected CPI, analysts also expect producer price growth to decelerate in October but it modestly beat expectations, rising 0.3% MoM (vs +0.2% MoM exp).
On a YoY basis, producer prices rise 0.5%, well below that of consumer prices...
See Chart:
Last Price
https://www.zerohedge.com/s3/files/inline-images/bfm49B2_0.jpg?itok=c-OOJj3b
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SOURCE: https://www.zerohedge.com/economics/core-producer-price-growth-slows-october-food-prices-surge
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
TRUMP LAW FIRM QUITS PENNSYLVANIA CASE AFTER PROJECT LINCOLN 'CANCEL' CAMPAIGN
"Leftist mobs descended upon some of the lawyers representing the President’s campaign and they buckled."
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PFIZER, MODERNA RESULTS LEAVE MANY IMPORTANT QUESTIONS UNANSWERED
"The light at the end of the tunnel" - it's a phrase we've heard a lot this week.
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GEORGIA EMBARKS ON LARGEST HAND RE-TALLY OF BALLOTS IN US HISTORY
"A full hand count is needed..."
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Why kids has to pay Govt failures? This is a crime Agst Public Education
NYC MAYOR WARNS PARENTS TO BRACE FOR SCHOOLS TO CLOSE AGAIN MONDAY: LIVE UPDATES
Meanwhile, Elon Musk has published some interesting tweets about conflicting COVID test results.
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MICHIGAN AG: TRUMP'S VOTER FRAUD LAWSUITS ARE RACIST
"The themes are Black people are corrupt, Black people are incompetent and Black people can’t be trusted..."
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In Election Trump is a loser. his plan is to re-build NATO alliance to hit IRAN.. too late
KAYLEIGH MCENANY SAYS TRUMP EXPECTS TO SERVE SECOND TERM
The MSM is not pleased...
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PENTA-NATO countries are not pleased either. His fake ECON was OK for many, others simply didn’t vote him because chances of WW3. Socialists like taped their nose and vote Biden not because we trusted him -voting lesser evil is not democratic entirely – but we need to keep contact with the masses’ principle & we decide to convert this election in a pre-Referendum for socialism. The plan is to used REFEREND once the new Govt is installed. We succeed in this plan. Pittsburgh gave Biden the victory & we will bit duopoly party System when they betray the Nation. The Labor-Unions & middle classes will be united for socialism. That is for sure.
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OBAMA WARNS TRUMP'S ELECTION FRAUD CLAIMS PUT US DEMOCRACY ON "DANGEROUS PATH"
Obama writes that Americans elected Trump because they "got spooked by a black man in the White House"...
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Lockdown kill our ‘social being’ the essence of humane relation, it will kill famil & Econ
THE GLOBAL ECONOMY IS ROLLING OVER AS LOCKDOWNS RETURN
It's all downhill from here.
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Lockdown also kill chances of political governability & peaceful uniyt of USA
One final "scarring" effect from the lingering covid pandemic: the share of temporary job losers fell in October in the US, as more become "PERMANENT."
See Charts:
The share of temporary job loses fell since October will be permanent
https://www.zerohedge.com/s3/files/inline-images/temp%20loses.jpg?itok=7a0yywQG
See more charts at:
SOURCE: https://www.zerohedge.com/markets/global-economy-rolling-over-lockdowns-return
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FEC CHAIRMAN SAYS HE BELIEVES 'THERE IS VOTER FRAUD' IN KEY STATES
...reports of fraud in some battleground states are credible “otherwise they would allow the [poll] observers to go in,”
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...if he chose to, how could Mr. Trump out Washington’s Axis of Evil while avenging himself on the Beltway’s swamp creatures?
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TRUMP DELIVERS UPDATE ON "OPERATION WARP SPEED", STOPS SHORT OF ACKNOWLEDGING BIDEN AS WINNER
We could see some fireworks... ??
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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
Possible US WAR Agst IRAN
MILITIA LEADER TELLS ALEX JONES HE HAS "ARMED" MEN STATIONED AROUND DC METRO
"We have men already stationed outside D.C. as a nuclear option..."
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“Nuclear Option” means that top US military expect tit x tat from RU-CH the allies & protector of IRAN
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FROM MILTON TO MARX - AN ECONOMIST'S GUIDE TO THE WORLD IN 2050
Authored by Tom Orlik and Bjorn Van Roye via Bloomberg.com,
Who really won the Cold War? Maybe China.
...a remarkable period of stability, stretching from the end of World War II through to the early 21st century, is coming to an end...
In 1972, Cold War logic pushed President Richard Nixon into an unlikely alliance with Mao Zedong—bringing China back into the mainstream of the world economy. In 1991, the collapse of the Soviet Union encouraged “end of history” hubris that blinded the West to the consequences of China’s rise.
Fast forward to 2020 and China has emerged as a major global power, its single-party rule and state-dominated economy the cause of alarm in foreign capitals—and pride in Beijing. By 2035, Bloomberg Economics forecasts, China will have overtaken the U.S. to become the world’s biggest economy and perhaps also its most powerful political actor.
Asia’s Century
Asia is returning to the center of the global economy.
See Chart:
West to EAST
https://www.zerohedge.com/s3/files/inline-images/2020-11-12_7-00-26.jpg?itok=3BIo9DkF
As the chart above shows, at the turn of the century, with China yet to join the World Trade Organization and India’s potential buried beneath the License Raj, Asia accounted for just 25% of global output, substantially less than North America and Europe. By 2050, the continent that already hosts more than half the world’s population will also contribute more than half its economic output. North America and Europe will be in retreat.
See Chart:
Who’s number ONE: China of course
https://www.zerohedge.com/s3/files/inline-images/2020-11-12_7-01-08.jpg?itok=BlcKgw2W
The State Strikes Back
The share of global output coming from economies that are “free” or “mostly free” is set to slide from 57% in 2000 to 33% in 2050, based on Bloomberg Economics’ GDP forecasts and the Heritage Foundation’s classification system. The share from those classed as “mostly unfree”—economies with a high degree of state ownership and control—is set to rise from 12% to 43%.
See Chart:
Good bye Milton. Welcome Marx
https://www.zerohedge.com/s3/files/inline-images/2020-11-12_7-03-25.jpg?itok=BFyExGBa
It’s possible that state-led economies will allow a bigger role for markets—but it’s far from guaranteed. India is liberalizing. China is not. Indeed, President Xi Jinping has called for state firms that are “stronger, better and bigger.”
In other words: the fear of China’s rise has already begun to turn the U.S. away from free-market principles.
And those shifts are more than just idiosyncrasies of the Trump administration. All over the world, the rise of state-centered economies—pursuing mercantilist trade policies and a free-rider approach to intellectual property—is sowing doubt about the free-market system. Is it the best approach to driving growth—or a fast track to giving away competitive advantage and ultimately geo-political power?
See Chart:
The right side of history?
https://www.zerohedge.com/s3/files/inline-images/2020-11-12_7-04-07.jpg?itok=IapL0KAw
Facing the Future
There’s still time for a goldilocks scenario to unfold. For the U.S. and Europe, that would mean advocacy of free markets and free minds abroad is matched by investments—in education, infrastructure and research—that will boost domestic potential. For China, a more open society and a return to the market-reform path followed so successfully in the 1990s and early 2000s, would be a win-win—driving dynamism at home and easing tensions abroad. For India, accelerating the pro-market reforms launched by the Modi government will be critical to delivering rising prosperity.
See Chart:
Invisible Hand DISAPPEARS
https://www.zerohedge.com/s3/files/inline-images/2020-11-12_7-07-42.jpg?itok=GTDlVzXp
More likely, on the current evidence, is that a self-reinforcing dynamic kicks in. As they grow, China and India will benefit from massive domestic markets—providing national champions with enormous economies of scale and acting as a lure for foreign firms and their technology.
For the free-market West, the dynamic may operate in the other direction. In the competition with state-dominated rivals, some aspects of openness and dynamism have already been sacrificed.
CONCLUSION
The world is in the midst of a messy transition as the balance of economic and political power shifts from West to East, from free markets to the state and from democracies to authoritarianism and populism. For businesses, investors and policy makers, history isn’t over. It’s just getting started.
Read the full article here:
SOURCE: https://www.zerohedge.com/economics/milton-marx-economists-guide-world-2050
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
-POTUS Reportedly Mulling Kicking Off 2024 Bid Immediately if Biden Certified Winner
-Trump’s Pre-Election Rally Blitz Put Over 130 Secret Service Officers in Quarantine –
-Biden Wins US State of Georgia Ahead of Expected Ballot Recount, NBC
-Scientists Strive to Predict Yellowstone Eruption That May 'Bury Western North Amc,
-US Extends Deadline for Sale of TikTok to 27 November, Court Filing
-Watch Russian Su-35 Jets Engage in Dogfight Over Karelia
- Trump: New York Won't Receive COVID-19 Vaccine in April With Other US States Until Governor Approves
- Ottawa Supports Canadian-Owned Pipeline Earmarked for Closure by Michigan
- Russia to Launch First Satellite to Monitor Arctic Climate in February 2021,
- 2,400 Vintage Images From NASA’s Space Race Era Go Up For Auction
- Incoming Alabama Senator Can’t Name Three Branches of US Gov, Says WWII Fought Over Socialism
- Reunion Work By Grassroots Groups ‘A Godsend’ as US DoJ Abandons Separated Migrant Children - Lawyer
- Manned US Space Station SpaceX Crew Dragon Mission Delayed to Sunday Because of High Winds
- Oregon to Enter 'Two-Week Freeze' to Curb COVID-19, Governor Says
- Twitter Says Around 300,000 Tweets About US Election Flagged, Labeled ‘Potentially Misleading’
- US Air Force Base Security to Start Patrolling Grounds With ‘Robot Dogs’
- Beijing Warns of Response After Pompeo Rejects Chinese Sovereignty Over Taiwan
- Travelers Turn to Black Market for Negative COVID-19 Tests to Dodge Restrictions
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