NOV 22- 20 ND SIT EC y POL
NOV 22- 20 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
NOTICE: 15 days ago sufri un ataque electrónico, me borraron todos mis files del journal diario, lo que incluye algunos artículos críticos que escribí sobre Econ y Poli y esto es lo que quisiera rescatar para mi libro sobre Perspectivas de socialism en el US”. Fui donde un técnico y no los pudo rescatar. Tuve que botar la computadora. Si Ud tiene una colección de mis artículos le agradeceré mucho los grabe en un USB de 20 a 30 Mega bites Y ME LOS ENVIE. Yo pago el USB y el envío postal apenas lo reciba. Por favor ponga el USB en un pequeño sobre de carta cubierto con papel de aluminio (aluminum foil) que se usa para cubrir la comida en un frigider. Le enviare $40 USD para cubrir estos gastos. Es un favor que le pido y apenas se publique el libro, Ud será uno de los 1ros en recibirlo. Hugo Zegarra, 314 Ophelia Street. Pittsburgh PA, 15213. Si me quiere llamar por teléfono USE WAS-UP y le sale gratis: 215-285-7235.
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
Lo que viene es la vuelta al cooperativismo .. a la NO dependencia del gran capital
The market seems to have so little confidence in our politicians that they no longer even trust them to engage in a proper fiscal fight.
How US future is seen from above?:
Chairman Powell had stated, “The Fed will be strongly committed to using all of our tools to support the economy for as long as it takes until the job is well and truly done. When the right time comes, and I don't think that time is yet or very soon, we will put those tools away.”
But not now. Equity markets barely budged, the S&P 500 finishing the week -0.8%. Bond markets rallied, 10yr Treasury yields falling 7bps to 0.83%.
In fact But not now. Equity markets barely budged, the S&P 500 finishing the week -0.8%. Bond markets rallied, 10yr Treasury yields falling 7bps to 0.83%.
In fact, the only thing that really moved was Bitcoin and its brethren, which staged a stunning rally on the accelerating loss of faith in fiat along with a vague sense that something powerful, apolitical, transnational, is emerging in the cloud.
See Chart:
BITCOIN
https://www.zerohedge.com/s3/files/inline-images/Bitcoin%2011.22.jpg?itok=yJJgPjwc
You see, the market seems to have so little confidence in our politicians that they no longer even trust them to engage in a proper fiscal fight. Instead, markets increasingly believe that no matter how dysfunctional our political parties, how damaged our democratic institutions, how deep our self-inflicted wounds, in the end, all paths lead to an increasingly abundant supply of debt and dollars.
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...science!
by Tyler Durden
PRESENTED WITH NO COMMENT...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-11-22_8-05-21.jpg?itok=K7aN2ZHE
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WHY WALL STREET'S "MOST ACCURATE ANALYST" EXPECTS ANOTHER MARKET CORRECTION BEFORE YEAR-END
In the near term, stocks are elevated and may have to contemplate a second wave in the absence of a fiscal deal and before the vaccines can be widely distributed
Over the past year, Morgan Stanley's Michael Wilson has done something virtually none of his colleague have been able to do: he called market moves correctly before they happened and also timed the market's inflection points with uncanny precision: turning bullish at the depths of the March crisis, when most of his peers were apocalyptic, then remaining bullish until just over a month ago, when he warned "brace for a very difficult trading environment over the next five weeks" - which followed with the early September tech dump - and then two weeks after he again correctly predicted that US stocks were due for their second 10% correction in as many months as "investors were a bit too complacent on the uncertainty surrounding the election outcome, unlikely passage of a fiscal stimulus before the election and second wave of Covid-19", the S&P 500 has indeed fallen 9% while the Nasdaq and Russell 2000 have fallen 10% and 7%, respectively.
He was, again, right.
Then, at the start of November, he reversed his bearish bias, when as we reported he predicted that "the correction we expected is now mostly finished and adding to equities on further weakness this week is recommended."
Since then, the S&P is up +13.5% to a new all time high, the Nasdaq is up +10.8% also to a record high, and after today's Pfizer news, the Russell has exploded 16% higher.
In short, he was right again
As we also pointed out, just ahead of the "Pfizer vaccine" news, Wilson said he remained a "committed bull" even though the S&P had broken above his price range of 3,150 to 3,550, although with the index having faded much of its record gains in the past two weeks, it now appears that most of the "good news" associated with a covid vaccine has been priced in.
See Chart
S&P 500 is at a near-term cross road. Lt the market speak before adding more risk
https://www.zerohedge.com/s3/files/inline-images/spx%20divergence_1.jpg?itok=9aquUNsb
But perhaps Wilson's most important point is not that stocks may or many not dip before grinding higher, but his conviction that rising 10Y yields will hit tech stocks and other equities with record-high duration, while propping up cyclical and value names...
See Charts:
https://www.zerohedge.com/s3/files/inline-images/stock%20duration%202_2.jpg?itok=K_s3ayX-
Trusting the Cycle
With our economists forecasting 7.5% nominal US GDP growth next year, a 1% 10-year Treasury bond looks awfully mispriced on a 12-month view. This has implications for equity valuations, especially longer-duration ones like the Nasdaq and S&P 500. Conversely, shorter-duration cyclical stocks should get a boost from better growth and higher interest rates – hence the rotation we have been witnessing in the equity markets from the Nasdaq to the small-cap Russell 2000 over the past few months as markets contemplate a full reopening of the economy. We think this rotation has further to go if we are right about the economy and rates (Exhibit 1).
See Chart:
New leadership is emerging and rates play a big role
Russel 2000 / Nasdaq 100 vs Real 10 Y Yield
Bottom line, as we look forward to a more normal year in 2021, we expect US equities to remain firmly in a bull market. In the near term, stocks are elevated and may have to contemplate a second wave in the absence of a fiscal deal and before the vaccines can be widely distributed. The real opportunity next year for investors is likely to take place below the surface in smaller-cap stocks that have greater sensitivity to what is likely to be a very strong economic recovery. Along these same lines, financials, consumer services, materials, industrials and cyclical technology stocks should do best.
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COVID GOVERNMENTS AND SOCIAL HARMONY
As if our societies didn’t have enough conflicts, we have added a new beautiful way of pitting one person against another: COVID-restrictions...
Instead of clamping down with the mighty force of government on some innocent behavior, politicians have outsourced the enforcement of their rules to shop-owners or workers at cafés and restaurants. All over, consumers are pitted against producers (or other consumers) in a way that’s almost entirely absent from regular market life.
Continue reading at:
SOURCE: https://www.zerohedge.com/political/covid-governments-and-social-harmony
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
Orwell’ dystopia can be used Agst any tyranny: fascist-neo nazis, Stalinism +Trumpism
Orwell's Ministry of Truth is essentially happening to our country now by a complex network of ideologists that are now in control of some of the most essential industries to America’s freedom...
IF I have time I will write on it. Now I need money & time to publish my book
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“Permanent war” means Prmt death. That is not Polit job. PEACE is humane Prmt job
TOP BIDEN ADVISORS FLOURNOY & BLINKEN PROMISE MORE SECRETIVE 'PERMANENT WAR' POLICY
Flournoy was among authors of a paper titled "Progressive Internationalism" that called for a "smarter and better" style of permanent war.
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The smarter and better job for this clown is a cemetery. If full.. get a circus job
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PANDEMICS ARE OVER WHEN THE PUBLIC DECIDES THEY'RE OVER
...what happens if Americans start acting as if there is no pandemic? Then, the pandemic is at a de facto end, even if “experts” insist that it is still a de jure reality.
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For people to decide COVID is over mean that they found the way to rise the immune system in his body (right food, a lot exercises under the sun, clean the house permanently and a dinner complemented with beet juice + vitamin D3 & half glass of red wine merlot). Then you will have good sleep for 7 hours +. That will create an immune system able to defeat its struggle Agst covid 19.
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FACT: Illegal immigrants are more sane than common Americans. They can walk day &
BORDER PATROL REPORTS SURGE IN ILLEGAL IMMIGRATION SINCE ELECTION
...lockdown Americans in their homes... but open the borders?
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All they want is work +food, that is why they walk day & night for several days They never took the job of poor Americans .. they work in places americans don’t want to work. El Sistema neoliberal que exportamos los privo de futuro a los que entraron y a sus familias y si los matamos aquí, ellos van a matar allá todo lo que huela US, empezando por la embajadas… ellos las incendiaran como incendiaron el local del congreso en Guatemala. Hay que integrarlos, hay que ser humanos con ellos para que ellos lo sean con nosotros.
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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
PUTIN SAYS HE'S NOT READY TO RECOGNIZE BIDEN AS US PRESIDENT
"We will work with anyone who has the confidence of the American people... But that confidence can only be given to a candidate whose victory has been recognized by the opposing party, or after the results are confirmed in a legitimate, legal way."
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TRUMP FORMALLY ENDS OPEN SKIES TREATY WITH RUSSIA
Since last May the US line has been: "We get nothing out of it."
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