NOV 24 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
WTI DIPS AFTER SURPRISE CRUDE BUILD
Crude stocks rose for the 3rd week in a row...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-11-24_13-42-16.jpg?itok=aIUeO31O
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SOURCE: https://www.zerohedge.com/energy/wti-3
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DOW, S&P, & BITCOIN SOAR TO RECORD CLOSE AS DOLLAR & GOLD SINK
Consumer Confidence tumbled...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmF12C.jpg?itok=n3brfC88
...COVID cases are soaring, lockdowns are crushing small businesses, and 'hope' is fading fast...
See Chat:
https://www.zerohedge.com/s3/files/inline-images/bfm3FE3.jpg?itok=zT8j7hrh
...so Buy The F**king Record Highs in stocks and dump the dollar, bonds, and gold (because who needs 'protection' when there is Yellen, vaccines, and stimulus-y hopes).
See Chart:
Cash Open
https://www.zerohedge.com/s3/files/inline-images/2020-11-24_13-00-12.jpg?itok=RJFSoN1-
As we noted earlier, The Dow topped 30k for the first time today - all thanks to $14 trillion in global liquidity puked into the markets (not the economy)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-11-24_13-01-08.jpg?itok=IY-wNEhx
Dow Jones Industrial average:
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmA6CD.jpg?itok=TZxBcQ8r
Bitcoin also closed at a record high (not quite intraday high), above the $19,100 close on Dec 16thm 2017...
See Chart:
BITCOIN
https://www.zerohedge.com/s3/files/inline-images/bfm5C3B.jpg?itok=FCJtsJvn
Bank stocks soared today...
See Chart:
S&P Financials
https://www.zerohedge.com/s3/files/inline-images/bfmE7F6.jpg?itok=fUPYQ4D4
Another day, another short-squeeze. This is just endless since the election
See Chart:
“Most Shorted” Stocks
https://www.zerohedge.com/s3/files/inline-images/bfm1461.jpg?itok=fe1jSncA
If "greed is good", then "extreme greed is better"...
See Chart:
Fear and Greet Index
https://www.zerohedge.com/s3/files/inline-images/2020-11-24_10-34-27.jpg?itok=ACfP4Ul7
And no one needs any protection
Which perhaps explains the plunge in gold, breaking below $1800 intraday...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-11-24_12-00-34.jpg?itok=ZxBmFsZw
...finding support on Gold at the 200DMA...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmBA90.jpg?itok=fijANDdF
And the selling of bonds (30Y up 8bps in the last two days, 2Y flat)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm7D8A.jpg?itok=vn7eAgiZ
The correlation between bitcoin and gold has entirely reversed...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmC4A8.jpg?itok=NHxBstmn
The dollar chopped around the last 24 hours, but ended down today...
See Chart:
Bloomberg Dollar Index
https://www.zerohedge.com/s3/files/inline-images/bfmDAAE_0.jpg?itok=gcU8MoLm
While gold and silver sank today, oil prices jumped with WTI back above $45 (its highest since March)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-11-24_12-21-19.jpg?itok=ZFzYvmsT
Finally, it seemed appropriate to give John Hussman the final words today as The Dow reaches record highs amid capitulation in the face of overwhelming liquidity...
See Chart:
Global liquidity Proxy vs Dow
One of the remarkable features of financial television is the single-minded focus of its talking heads on the latest move – their full-fledged immersion in the now. In contrast, the thinking of a disciplined value-investor is primarily on the long-term and the complete cycle. Our measures of market internals are certainly helpful in navigating shorter periods of speculation and risk-aversion. Still, investors who abandon the Iron Law of Valuation are inviting a world of pain.
Take a set of future cash flows and the current price of those cash flows: the relationship between the two reflects the rate of return that investors can expect to attain over time. That’s not a theory, it’s just arithmetic.
The CNBC interview with Jeremy Grantham offered a striking example of the difference between long-term and short-term thinking. Even as Grantham reiterated the extreme valuation concerns he discussed a few months ago, the interviewer countered, “Markets have risen since then. Why are you still convinced?”
Grantham responded, “Actually, it works quite the other way around. The more spectacular the rise, and the longer it goes, the more certainty one can have that you’re in a real McCoy bubble.”
See Chart:
https://www.zerohedge.com/s3/files/inline-images/mc201116b%20%281%29.png?itok=UZ_cS1eM
At the most extreme valuations in history, that proposition might, and should, be obvious, but it simply did not compute in the short-term thinking of the anchors – one whose furrowed brow and scrunched facial expressions vacillated between annoyance, ridicule, and derision. The post-interview discussion instead included this interchange:
“I mean, last time around when you talked to him and he called it a bubble, it did seem a little more plausible. It seems like he’s doubling down.”
“You start to weigh out the possibilities that he could be missing a further rally in the markets.”
Oh, man. The unwinding of this bubble is going to be painful.
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SOURCE: https://www.zerohedge.com/markets/dow-bitcoin-soar-record-close-dollar-gold-sink
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Obviously :
This, in a nutshell, is how Wall Street works.
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Nice surprises: OPEN IT.. IS FULL OF GOOD CHARTS
Capitulation in the face of overwhelming liquidity?
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IF you don’t enjoy.. is not my fault
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To compensate IF you don’t enjoy.. here a gift
NEW BOOK DETAILS WHY OWNING GOLD IS VITAL TO PROTECTING YOURSELF, YOUR FAMILY, AND YOUR WEALTH
See Picture:
https://www.amazon.com/dp/1642936650#reader_B08GQD2FY5
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Sera cierto que no hay modo de asaltarlos?
INVESTORS GO "ALL-IN" WITHOUT A SAFETY NET
See Chart:
https://www.zerohedge.com/s3/files/inline-images/SP500-FederalExpenditures-112320.png?itok=AOFJxB7A
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De todos modos .. lo intentare
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
HOW THE ELECTION WAS REALLY STOLEN, TUCKER CARLSON EXPLAINS
Forget dead voters, ballot harvesting, and Dominion, the real fraud in the 2020 election is far more obvious and far more insidious...
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WATCH: CNN DECLARES TRUMP WILL FORM "SHADOW GOVERNMENT", HOLD "COUNTER INAUGURAL"
...claims the President is attempting "sedition"...
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RICH AMERICANS SCRAMBLING TO BUY 'GOLDEN PASSPORTS' TO SECOND COUNTRY
"The dam actually burst -- and we didn’t realize it..."
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ON FUMES OF STIMULUS & FRUSTRATION: CALIFORNIA LEGAL CANNABIS SALES EXPLODE
You just knew this would be coming. It was bound to show up in the data. And California is cashing in...
Cannabis tax revenues in Q3 collected by the State of California soared by a record 80% year-over-year, and by a record of $136 million year-over-year, to a $307 million, the California Department of Tax and Fee Administration reported Monday afternoon. This does not include tax revenues collected by cities and counties. All three categories surged: Excise Tax (+89%), Cultivation Tax (+80%), and Sales Tax (+67%).
This brought California’s cannabis taxes during the first nine months of 2020 to $775 million, and on track to exceed $1 billion for the whole year, a sorely needed injection of moolah during these trying times:
See Chart:
State of CA Cannabis taxes Quarterly
Read more at:
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GINGRICH: THE THIEVES WHO STOLE OUR ELECTION GOT SLOPPY
Laziness leads to sloppiness, and sloppiness is how the most brazen heist in American history is being exposed...
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THERE WERE TWO AMERICAS TODAY AS DOW STRUCK 30,000
The K-shaped recovery is getting worse...
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AOC & 'THE SQUAD' CONFRONT BIDEN ABOUT LACK OF 'PROGRESSIVE' CABINET PICKS
They're worried that the Biden Administration will simply be Obama part 3.
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BIDEN'S NATIONAL SECURITY PICK SAID US SHOULD "ENCOURAGE" CHINA'S RISE & NOT CONTAIN IT
Man behind Hillary's hawkish foreign policy simultaneously called for supporting China's rise...
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MARYLAND GOVERNOR EXPANDS COVID-19 SNITCH LINE, SAYS 'NO CONSTITUTIONAL RIGHT' TO GO MASKLESS
"Which part don’t you understand? You wear the mask."
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Only five?
YELLEN'S APPOINTMENT AS TREASURY SECRETARY RAISES FIVE CRITICAL QUESTIONS
Don’t expect any serious discussion of any of these issues in the financial press right now.
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Yo le preguntaria que ejercicios hace para mantener su obesidad mental y la otra .. (además de mantenerse tan hermosa) y no ser víctima de la pandemia? O es que al virus no le gustan las feas?
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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
Nothing to do with US selling all soybeans to China
BAGS OF SOYBEANS WORTH $100,000 EACH ARE BEING MYSTERIOUSLY SABOTAGED ACROSS ARGENTINA
“The vandalism is behaving like a virus that expands, directionless and undiscerning, with the sole premise of damaging for damage’s sake.”
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Are we so bad? NO WAY; we can kill millions in wars abroad. but not that way
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ESCOBAR: FLYING DRAGON, CRASHING EAGLE
Authored by Pepe Escobar via The Asia Times,
Four geoeconomic summits compressed into one week tell the story of where we stand in these supremely dystopian times...
The (virtual) signing of RCEP in Vietnam was followed by the equally virtual BRICS meeting hosted by Moscow, the APEC meeting hosted by Malaysia, and the G20 this past weekend hosted by Saudi Arabia.
Cynics have not failed to note the spectacular theater of the absurd of having the Top 20 – at least in theory – economies discussing what is arguably the turning point in the world-system linked to a beheading-friendly desert oil hacienda with a 7th century mentality.
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CHINA SLAMS NATSEC ADVISOR O'BRIEN AS SOWING "CHAOS" & COLD WAR TENSIONS IN ASIA
Trump's top aide talked missile deliveries and strongly backing the Philippines in the South China Sea...
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Horrible killing in Afghanistan by US-Australian mercenaries
"NO EASY FIX": AUSTRALIAN SPECIAL FORCES' BLOOD LUST & "COMPETITION KILLINGS" IN AFGHANISTAN
The barbarities of war are seldom committed by abnormal men. The tragedy of war is that these horrors are committed by normal men in abnormal situations.
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RUSSIA THREATENS US WARSHIP WITH "RAMMING" OVER ALLEGED MARITIME BORDER VIOLATION
US Navy says we don't recognize your border...
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Good answer, but.. donde pasan los caballos de la verdad, no crecen las mentiras. Empires never recognize border since Roman Empire.. until ATILA’ forces came in and wiped out the empire.
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- Biden Says Trump Administration's Outreach on Transition Process Has Been 'Sincere'
- Car Rams Into Gate of Angela Merkel's Chancellery
- Indian Television Stars Dazzle at Gold Glam & Style Awards 2020 in Mumbai
- Drone Captures Spectacular Images of Secret UK Base That Stored Nuclear Arsenal
- Protesters Take to Streets in Bangkok Over Control of King's Fortune
- AstraZeneca COVID-19 Vaccine 90% Effective Only Among Age Group Below 55
- Scientist Slams Swedish COVID-19 Strategy as 'Fraught With Conflict'
- French Parliamt Passes Global Security Bill to Limit Publication of Police Images
- Biden Outlines Priorities for His First 100 Days in Office
- Ghislaine Maxwell's Lawyer: Her Client 'Woken by Flashlight Every 15 Minutes' in Jail
- UK May Face Several Concurrent Crises Amid End of Brexit Transition
- Effective US Sanctions on Iran Might Keep Them Intact and Military Strike at Bay
-Russia and Austria: Interests Instead of Friendship
- Swollen Mink Cadavers Emerge From Their Graves in Denmark
- US Mainstream Media Applauds Biden's Cabinet Rollout
- Denmark's Former Hardline Immigration Minister Slammed Over 'Trumpist' Rhetoric
- Biden May Be More Inclined to Drop Charges Against Huawei CFO
- What's Behind Trump’s Refusal to Concede
- Trump and First Lady Take Part in Presid Pardon of Fortunate Thanksgiving Turkey
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