Nueva Democracia: NOV 20 20 ND SIT EC y POL

NOV 20 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

STOCKS DIP, CRYPTO RIPS AS 'DARK WINTER' TRUMPS 'SPRING REOPENING'

For all the hype about vaccines returning us to normal, it appears to be more a "sell the news" event as vaccine good news is stimulus bad news (and Mnuchin's move didn't help the latter's hype). So, in spite of all the good news on vaccines and treatments, stocks were mixed with S&P and Dow red on the week (Dark Winter?), Small Caps best (value rotation), NASDAQ tumbled into the red in the last few minutes (mixed picture)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-20_12-57-59.jpg?itok=hls24UF_

It appears winter is coming before spring can sprung.

Last night's headlines on Mnuchin ending various fed programs sparked some early selling that the machines bid back overnight. However, today's opex weighed as gamma pins were lifted but again we saw the chaotic last hour as stocks initially tanked then were panic-bid, then reversed to the lows of the day (aside for Small Caps)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-20_13-00-02.jpg?itok=Sglykg7d

Airlines rallied this week (but faded the last couple of days)...

See Chart:

S&P Airline sector

https://www.zerohedge.com/s3/files/inline-images/bfmAE4.jpg?itok=KR488EqZ

Similar picture for banks as they eked out gains after a strong start...

See Chart

S&P Bank sector

https://www.zerohedge.com/s3/files/inline-images/bfm8CE2.jpg?itok=xnGOXwN5

Notably, however, the momo/value rotation drastically decoupled from bond yields this week...

See Chart:

Value MOMO vs 30 Y Yield

https://www.zerohedge.com/s3/files/inline-images/bfmFDDC_0.jpg?itok=AjMySdmU

HY bond prices dropped today, but modestly, not reacting very violently to Mnuchin's Fed punchbowl pull...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-20_12-09-08.jpg?itok=UFBp2yxn

But spreads did decouple today from equity risks

See Chart: https://www.zerohedge.com/s3/files/inline-images/bfmF338.jpg?itok=W2c6uHkx

Despite the mixed bag in stocks, bonds were bid aggressively with the long-end yield dropping over 11bps...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm8997.jpg?itok=qAjmLUqB

30Y Yields tumbled, erasing all of the Pfizer vaccine spike...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm98CA_0.jpg?itok=KHLWLPSU

The Dollar drifted lower all week, back at the post-election, pre-Pfizer-vaccine lows...

See Chart:

Bloomberg Dollar index

https://www.zerohedge.com/s3/files/inline-images/bfm9FEB.jpg?itok=k6ALf41w

Bitcoin neared its record high...

See Chart

https://www.zerohedge.com/s3/files/inline-images/bfmCCCE.jpg?itok=K5RidYEy

Gold bounced off the Pfizer vaccine plunge lows...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-20_11-48-06.jpg?itok=8dujCHaS

Oil (WTI) ended the week above $42...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-20_11-53-31.jpg?itok=9oBqj1iq

Finally, as Bloomberg reports, the world's stock of negative-yielding debt climbed to a record $17.1 trillion as pandemic-spurred economic damage and monetary stimulus continued to grip bond investors even as news of progress on a vaccine lifted equity markets. The frenzy for China's first sovereign-bond sale with a sub-zero yield only underscored the unwavering demand for the asset class.

And that is supportive for gold (and maybe one reason for Bitcoin's surge)...

See Chart:

Global stocks of negative-yielding debt: bitcoin vs. gold

https://www.zerohedge.com/s3/files/inline-images/bfm1508.jpg?itok=-ymyl-wM

And in stock-land, Nomura's Charlie McElligott warns that the data suggests a significant amount of the aggregate options position $Gamma to run-off across SPX / SPY, QQQ, IWM and EEM as per standard options expiration cycle - and in-light of such extreme “long $Delta,” the end of day today into early next week is the window for the market to “un-pin,” especially as recent and incredibly supportive Dealer Vanna- and Charm- flow is gone.

See Chart:

Large GAMA

https://www.zerohedge.com/s3/files/inline-images/2020-11-20_11-21-24.jpg?itok=uuahUM66

….

SOURCE: https://www.zerohedge.com/markets/stocks-dip-crypto-rips-dark-winter-trumps-spring-reopening

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Summing up 1:

RECORD INFLOWS TO BITCOIN; RECORD OUTFLOWS FROM GOLD

"Bitcoin >20,000, Gold >2000, DXY <90 would all be harbingers of higher volatility & yields."

.. this was "offset" by what Bank of America calculated was the largest weekly gold fund outflow on record.

See Chart:

Weekly gold fund flows ($bn)

https://www.zerohedge.com/s3/files/inline-images/largest%20outflows%20from%20gold.jpg?itok=1R0zvWSI

….

SOURCE: https://www.zerohedge.com/markets/record-inflows-bitcoin-record-outflows-gold

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Summing up 2:

HERE ARE THE 50 MOST POPULAR AND 50 MOST SHORTED HEDGE FUNDS STOCKS

See Chart:

Change in number of hedge fund owners during 3Q

https://www.zerohedge.com/s3/files/inline-images/Top%206%20stocks.jpg?itok=9m0gxm1d

As usual, the "smart money" is long and short the same handful of stocks.

….

SOURCE: https://www.zerohedge.com/markets/here-are-50-most-popular-and-50-most-shorted-hedge-funds-stocks

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SUMMING up 3:

HERE COMES THE DOUBLE DIP: JPMORGAN FORECASTS NEGATIVE GDP NEXT QUARTER

"This winter will be grim, and we believe the economy will contract again in 1Q, albeit at “only” a 1.0% annualized rate."

JPM chief economist Michael Feroli, who writes that while the economy powered through the July coronavirus wave, "at that time the reopening of the economy provided a powerful tailwind to growth. The economy no longer has that tailwind; instead it now faces the headwind of increasing restrictions on activity." Meanwhile, "the holiday season—from Thanksgiving through New Year’s—threatens a further increase in cases. This winter will be grim, and we believe the economy will contract again in 1Q, albeit at “only” a 1.0% annualized rate."

In other words, the double dip is about to hit.

See Chart:

US ECONOMIC FORECASTS

https://www.zerohedge.com/s3/files/inline-images/q1%202021%20forecast.jpg?itok=swA-XEK5

….

SOURCE: https://www.zerohedge.com/markets/here-comes-double-dip-jpmorgan-forecasts-negative-gdp-next-quarter

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WHY WE NEED A FREE MARKET IN MONEY

We do not know what the future will bring. But we do know that a world of freedom and prosperity needs sound money, that it cannot possibly function without sound money...

Today’s worldwide unbacked paper, or “fiat,” money regime is an economically and socially destructive scheme - with far-reaching and seriously harmful consequences.

The Problem of Fiat Money

The US dollar, the Chinese renminbi, the euro, the Japanese yen, the British pound, and the Swiss franc represent fiat money.

Fiat money has three characteristics:

Fiat money is money monopolized by the state’s central bank. It is created by central banks and commercial banks licensed by the state.
Fiat money is mostly produced through bank credit expansion; it is created out of thin air.
Fiat money is dematerialized money, consisting of colorful paper tickets and bits and bytes on computer hard drives.

Fiat money is by no means “harmless.”

Fiat money is inflationary. Its buying power dwindles over time, and history has shown that this entropy is almost as irreversible as gravity. Fiat money makes a select few rich at the expense of many others. The first to get new money benefit to the detriment of those on the bottom rung.

Fiat money is easy to come by, so the government can finance its adventures and misadventures. Easy money; easy come, easy go.

The Economic Effects

Without economic growth, investors must fear that borrowers will no longer be able to service their debt, so they rush to exit the credit market. As the credit supply dries up, many borrowers are not in a position to repay maturing loans, nor are they able they obtain new funds.

To prevent the fiat money regime from collapsing in the lockdown crisis, central banks have stepped in, suppressing market interest rates and printing new money to prevent financially overstretched states, banks, and firms from defaulting on their payments.

The Political Effects

To sit back and think, “Well, monetary authorities have successfully bailed out the system, everything will be fine,” would be a grave mistake. More than ever, central banks are doing severe damage to what little is left of the free market economic system.

Artificially low interest rates and massive amounts of newly created money lead to malinvestment on a grand scale, and under current circumstances, they help make government even bigger, feeding the growth of the “deep state.”

Luckily, There Is a Way Out

What could be the solution? Well, a solution is at hand, and, technically speaking, it is quite simple: make possible a free market in money!

A free market in money means that everybody has the freedom to choose the kind of money he or she thinks is best and that everyone has the freedom to offer his or her fellow human beings something that can serve them as money.

Looking into monetary history, there is reason to believe that precious metals, gold and silver in particular, would be in the race to become money.

Why aren’t people using gold and silver for payment purposes right now? Well, people got used to using US dollars, euros, and the like as media of exchange. What is more, people are not yet deterred by the chronic “inflation tax” on their money balances, which means that the purchasing power of their fiat monies decreases over time.

But change is underway. As you may know, quite a few US states (like Texas, Arizona, Utah, and Wyoming, to name a few) have abolished sales taxes and capital gains taxes on precious metals, allowing for a level playing field in terms of alternative monies competing with the US dollar.

So if you really seek change, make a strong call for ending the state’s fiat money monopoly, let us establish a free market in money!

The Case for Gold

Fiat money will, as noted earlier, inevitably bring inflation (the loss of purchasing power) and economic hardship. Thinking about gold, former Federal Reserve chairman Alan Greenspan summed it up best when he said in 2014: “Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.”

Gold’s purchasing power cannot be debased by central banks running the electronic printing presses. In addition, gold does not carry a credit, or default, risk as bank deposits do.

I dare to assume that gold still represents the ultimate means of payments: in extreme situations, fiat money might no longer be accepted as money, but gold will always be accepted, I strongly believe.

We do not know what the future will bring. But we do know that a world of freedom and prosperity needs sound money, that it cannot possibly function without sound money.

Even if you are optimistic that we as a people will overcome the current problems, that mankind has the potential to move forward and create a better world, there is good reason to rely on gold rather than fiat currencies—for gold will prevail over fiat money.

….

SOURCE: https://www.zerohedge.com/economics/why-we-need-free-market-money

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US DOMESTIC POLITICS

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

This stupidity comes from 2 deep phobias: xenophobia & RU-phobia

NEW SENATE DOCS 'CONFIRM' TROUBLING BIDEN FAMILY LINKS TO CHINA, RUSSIA

"Such relationships created counterintelligence and extortion concerns."

….

Does this stupid knows that CH buy our soya-been & RU helps US-Nasa explor

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THE (HIGH) COST OF LOCKDOWNS: A PRELIMINARY REPORT

In the debate over coronavirus policy, there has been far too little focus on the costs of lockdowns...

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The CV contamination with previous vaccine + lack of eviden that v-test is 95% reliable

DR. FAUCI SAYS VACCINE SKEPTICS POSE A SERIOUS THREAT TO PUBLIC HEALTH

"Despite a quarter million deaths, despite more than 11 million infections, despite 150,000 new infections a day, they don’t believe it’s real."

….

The above is that Dr Fauci must blame.. instead of making propagand to vac

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Pfizer-V is the most unreliable in the market. They said has passed the test of 95% effic

PFIZER ASKS FDA TO APPROVE COVID-19 VACCINE FOR EMERGENCY USE

Pfizer is formally submitting the application on Friday...the review process is expected to take a few weeks. If approved, the first Americans could receive the vaccine by mid-December.

….

Now said that they will pass the test in few weeks, but their vaccine has already been used .. what are the results or effects?.. why to hide it?. For Pfizer this issue is mere ‘business’.. but for people is a matter of death vs. life.

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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

They did nothing to help VEN.. Do they expect support or compassion?

MIDDLE EAST OIL PRODUCERS ARE DROWNING IN DEBT

Gulf Arab producers continue to believe that they will outlast U.S. shale... and will be the ones that will pump the last barrel of oil on earth... so, borrow now and think of debt loads and reforms later...

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SAO PAOLO BEGINS IMPORTING CHINESE COVID VACCINE AMID RESISTANCE FROM BOLSONARO

The battle over whether Chinese COVID vaccines can be trusted has become the subject of an intense political battle...

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Weapons to kill Chinese & protect India: US the master in this nasty business

NAVY SECRETARY URGES CREATION OF NEW US '1ST FLEET' TO DETER CHINA IN INDIAN OCEAN

"extremely relevant if we were to ever to get in any kind of a dust-up."

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ISIS CONDUCTS SABOTAGE BOMBING OF GAS PIPELINE BETWEEN EGYPT & ISRAEL

Egypt's military confirmed Friday that a "limited explosion" struck a vital gas pipeline in Sinai...

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1 MILLION CHINESE HAVE RECEIVED COVID-19 VACCINES UNDER 'EMERGENCY USE' DESIGNATION

So much for international scientific standards...

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Their vaccine passed the test 98%+; it is been used in Asian countries, in two European countries and now it comes to BRA, VEN & possible to Peru. They gave it for free, that is socialism.

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RISING UP - ANTI-LOCKDOWN PROTESTS SPREAD ACROSS EUROPE

Increasingly draconian lockdown measures, economic destitution, and sweeping police powers are evaporating public trust and eroding public patience...

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SPUTNIK and RT SHOWS

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

-Video: Unidentified Shooter of Wisconsin Mall Remains At-Large, At Least 8 Injured

-Got Your 'Trump' Yet? G Rivera Suggests Naming CV-Vaccine ‘POTUS’ to praise Trump role in the creation of a vaccine. SO: every republican has to get the vaccine POTUS

-Protests Hit Several Brazilian Cities After Black Man Murdered by Security at Shop

-City of Detroit Files Motion Requesting US Judge Sanction Trump Campaign Over 'Disinformation'

-Marvel Studios to Start Shoot of ‘Black Panther’ Sequel in July, Reports Claim

-'Arsonist Speaking About Fire Prevention': Twitter Stunned as Rashida Tlaib Makes Her Way to Anti-Semitism Panel

-Chinese Thinker Fires Back at US Academics

-N Y Governor Andrew Cuomo Will Receive Emmy for COVID-19 TV Briefings

-Donald Trump Jr. Tests Positive for COVID-19, Spokesperson Says