Nueva Democracia: NOV 18 20 ND SIT EC y POL

NOV 18 20 ND SIT EC y POL

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

US SEES MOST COVID DEATHS SINCE SPRING, FDA APPROVES RAPID HOME TEST: LIVE UPDATES

The biggest COVID-19 related news on Wednesday is the release of the final data from the Pfizer-BioNTech vaccine trial, which showed the vaccine to be 95% effective, on par with Moderna's mRNA vaccine results, which were released earlier in the week. While we await Moderna's "final" data showing its vaccine to be 96% effective, it's worth noting that this wasn't the only new development in the battle against the virus.

SO: MORE DEATHS with MORE EFFECTIVE VACCINES in US market & more PROFITS to..?

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ZERO HEDGE ECONOMICS

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

DEAR FED: STOP LYING THAT LOW RATES BENEFIT POOR PEOPLE

"Instead of providing relief to low income earners and closing the inequality gap, low rates for a lot longer may actually exacerbate it."

Fed Chair Powell was asked yesterday what the Fed can do to help reduce income inequality? Powell’s answer, like the Fed's token answer to just about everything these days, was to keep rates low for longer. His logic was that that low borrowing costs would reduce interest payments, especially for low wage earners, and provide greater disposable income.

But while that sounds good in theory, the reality is the world doesn't work that way at all.

Low interest rates are tough on vulnerable households; negative rates are brutal. The simple mathematics of what happens to a small savings account shows why post-crisis monetary policy has made inequality so much worse.

So, as Cignarella concludes "instead of providing relief to low income earners and closing the inequality gap, low rates for a lot longer may actually exacerbate it."

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SOURCE: https://www.zerohedge.com/markets/dear-fed-stop-lying-low-rates-benefit-poor-people

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To market crash?

FOR THE FIRST TIME, WALL STREET ADMITS THAT "CIVIL UNREST" COULD CRASH MARKETS

"It will end in tears at some point, maybe through political revolution or perhaps the collapse of fiat currency..."

What caught our attention recently was the hidden deep inside the risk factors.

We are referring to what the survey respondents defined as the biggest threat: while at the top, for the 8th consecutive month, covid was seen as the biggest "tail risk"...

See Chart:

Evolution of Global FMS “biggest tail risk”

https://www.zerohedge.com/s3/files/inline-images/biggest%20tail%20risk%20nov%202020_0.jpg?itok=3KW3g7Kj

... what we found remarkable is that after "tech bubble" in 2nd place in the list of biggest tail risks, "Civil Unrest" suddenly popped into 3rd place, after not being cited as a notable risk in any of the previous BofA surveys.

See Chart:

What do you consider the biggest ‘tail risK’?

See Chart:

https://www.zerohedge.com/s3/files/inline-images/civil%20unrest%20tail%20risk.jpg?itok=QsQ11vcr

So what's going on here, is Wall Street really starting to worry about what we first said back in 2010 - much to Time Magazine's mockery - that the Fed's disastrous policies would eventually push US society to armed conflict and/or to civil war.

We leave you with Cudmore's full dystopian comment on what comes next:

A Post-Truth World Is Easy Money for Some Investors: Macro View

More than ever before, markets are rewarding investors who have the ability to embrace a strong narrative over those who focus on analysis and details.

The winners are the people smart enough to recognize the reinvigorated power of an old market adage: “Don’t fight the Fed.” The influence of central banks is now pervasive in all markets -- not just bonds, credit and stocks, but also cryptocurrencies and art.

Ironically, the incredible impact of central bank policies stems from their powerlessness to achieve a narrow mandate. With limited success in boosting inflation in the face of a global pandemic, they have resorted to fueling the only price gains they can guarantee: financial assets and investments.

Continue reading at:

SOURCE: https://www.zerohedge.com/markets/first-time-wall-street-admits-civil-unrest-could-crash-markets

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THE VIX HAS A NEW "EVENT" NEMESIS

Rising implied vol in early January as Georgia Senate runoffs come into focus.

Now that the biggest year-end "tail risk" - the Nov 3 election - is in the rearview mirror, the November VIX term structure "kink" is gone, with the Nov contract having collapsed from 29 a month ago to 22, a level that's even below the latest spot.

See Chart:

VIX Curve

https://www.zerohedge.com/s3/files/inline-images/VIX%20Curve.jpg?itok=ysPBDTdZ

Yet a look at the latest VIX term structure indicates that more pain may be ahead.

In fact, as Goldman derivative strategist Rocky Fishman writes this morning, the VIX has a new "event" nemesis: the Georgia runoff elections. As Fishman writes, the current 50-48 Senate split, pending runoff elections in Georgia, leaves uncertainty about the control of the Senate until January 5. As shown below, option markets have priced a small rise in volatility in the 8-Jan weekly expiration, "and currently the December VIX future is not showing its typical (holiday-driven) sag vs. the November and January VIX futures, also indicating elevated early January volatility."

See Chart:

SPX implied volatility rises around the weak of Georgia senate run off

https://www.zerohedge.com/s3/files/inline-images/spx%20implied%20vol%20GA%20runoff.jpg?itok=Ifm4Rmkw

That said, since the balance of power in the Senate is not binary, however, since the size of a Senate majority matters as well, Goldman sees only limited potential for actual event-driven volatility. Nevertheless, as Fishman concludes, "this event is one reason the December VIX future may find it hard to fall much even if SPX realized volatility declines substantially."

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SOURCE: https://www.zerohedge.com/markets/vix-has-new-event-nemesis

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Bitcoin rise means USD about to die.. Who are the killers? Billionaires of course

DALIO ADMITS "I MIGHT BE MISSING SOMETHING" AS BITCOIN SURGES ABOVE $18,000

...should i go long on bitcoin?

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Don’t do that… pay more taxes instead. if you are real American

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Build in other planet. not in this one

US HOUSING MARKET STUMBLE? HOME STARTS RISE BUT RENTAL UNIT PERMITS PLUNGE IN OCTOBER

...IF WE BUILD IT, THEY WILL COME?

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US DOMESTIC POLITICS

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

PENNSYLVANIA SUPREME COURT AGREES TO HEAR TRUMP CLAIMS OVER INVALID BALLOTS

The move comes after a lower court in Philadelphia denied the campaign's request on Friday...

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Lockdowns make people more aggressive & anti-social

STUDY WARNS THAT NEW WORK-FROM-HOME TREND IS MAKING PEOPLE MORE "RACIST"

People who live in more diverse communities were “more likely to be negative towards ethnic diversity"...

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We don’t trust pro-business Health System. Pfizer is a money sucker: start w Viagra & now CV?

IS ALL THE COVID VACCINE "GOOD NEWS" PRICED IN?

Any incremental move higher in stocks will now be contingent on a credible plan of just how these multiple vaccines are actually administered to a skeptical population.

See Chart:

Market reaction to Covit vaccine news: Moderna vs Pfizer

https://www.zerohedge.com/s3/files/inline-images/PFE%20News%202020-11-18_8-28-25.jpg?itok=Y701MK2G

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The Fact is: not evidence on the 95% effectiveness of current vaccine. On reverse: we have complains from people used as ‘gini-pigs’.. instead of relief they’re now infested. “This may explain why the market is now shrugging off any incremental vaccine - with both stocks and yields below pre-announcement levels - and why any incremental move higher in stocks will now be contingent on a credible plan of just how these multiple vaccines are actually administered to a skeptical population”, said the Article

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PELOSI NOMINATED FOR FOURTH TERM AS HOUSE SPEAKER

"I think it's smooth sailing..."

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15,000 NEVADA VOTERS ALSO 'VOTED' OUTSIDE STATE, ELECTORAL COLLEGE CANDIDATES CLAIM

“We are presenting today in our formal contest, that there are north of 15,000 people who voted in Nevada and another state... We are also presenting dead voters,”

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Pfizer forgot to say EFFECTIVE in PROFITS

FINAL RESULTS SHOW PFIZER COVID-19 VACCINE 95% EFFECTIVE

Pfizer just one-upped Moderna.

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Who really pay bailouts & why to give to profitable companies?

ATLAS AIR REFUSES TO REPAY US BAILOUT FUNDS

Cargo airline says it complied with CARES Act legislation despite huge profits

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Michigan: WAYNE COUNTY BOARD BREAKS DEADLOCK, VOTES UNANIMOUSLY TO CERTIFY ELECTION RESULTS WHILE DEMANDING AUDIT

"Tonight's big headline is no longer true..." ??

Officials in Wayne County, Michigan - home to the city of Detroit, have refused to certify the results of the Nov. 3 election, after the Board of Canvassers have deadlocked in a 2-2 vote along party lines.

Both Republican members of the board refused to move forward amid discrepancies discovered in absentee ballot poll books - issues which were previously noted in the county's summer primary and the November 2016 election, according to Just the News.

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Another FRAUD? We should move beyond bipartisan set, both are full of frauds

SECOND MEMORY CARD WITH 2,755 VOTES FOUND DURING GEORGIA ELECTION AUDIT, DECREASING BIDEN LEAD

What's going on here?

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The only solution here is NEW ELECTIONS with 3^rd option

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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

Here the prove that it is good to have good relations with CHINA

SOYBEANS NEAR $12 PER BUSHEL AS US FARMERS CELEBRATE SURGING PRICES

"Many in the trade see $12, but I think we are going to see $13 futures"