Nueva Democracia: DEC 16-17 20 ND SIT EC y POL

DEC 16-17 20 ND SIT EC y POL

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

WINTER BLAST DUMPS MORE SNOW IN SOME PARTS OF NORTHEAST THAN ALL LAST SEASON

"Reports of 33-36” of snow west of Binghamton as of 4 a.m." + Pittsburgh, PA

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ZERO HEDGE ECONOMICS

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

INITIAL JOBLESS CLAIMS SURGE TO HIGHEST IN ALMOST 4 MONTHS

Illinois and California saw the biggest surge in jobless claims as Texas and Georgia improved most...

After rising for three of the last four weeks (with a big surge in the previous week) as lockdowns re-accelerate across America, analysts expected initial jobless claims to slow modestly this week, but instead claims soared from an upwardly revised 862k to 885k - the highest number of Americans seeking first-time unemployment benefits since September.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm6942.jpg?itok=BN1qLs2V

Illinois and California saw the biggest surge in jobless claims as Texas and Georgia improved most...

See Chart:

Weekly change in initial claim by State

https://cms.zerohedge.com/s3/files/inline-images/2020-12-17.png?itok=Y54zkeBP

Continuing Claims fell to its lowest since March (at 5.508mm), but Pandemic Emergency Claims remain high (and are due to drop off imminently)....

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfmC43F.jpg?itok=opPnopLu

These numbers are about to get dramatically worse as the widespread lockdowns imposed on Americans this holiday season begin to really bite.

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SOURCE: https://www.zerohedge.com/personal-finance/initial-jobless-claims-surge-highest-almost-4-months

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S&P "CALL WALL" RISES TO 3,750 AHEAD OF $2.5 BILLION QUAD-WITCH: SPOTGAMMA

..the odds of the market staying >3700 into Dec. 18 "seem pretty strong"

Based on this, Spotgamma writes that the odds of the market staying >3700 into Dec. 18 "seem pretty strong" but they flag two things:

First, the quad-witching and S&P rebalance tomorrow could cause some uninitiated movement. One potential hiccup: index funds must sell $50BN of S&P to sell in order to buy TSLA.
Second is the VIX, which still holds 22: this elevated VIX level presents a "clean setup" into 12/18, because with lots of implied vol already priced in, if the VIX breaks lower then "the odds of the SPX trying for 3750 increases." Of course, should the VIX spike and SPX break below 3675, is where SpotGamma sees market risks increasing substantially.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/spotgamma%20level%2012.17.png?itok=y9D6aAYX

Incidentally, speaking of tomorrow's quad-witching expiration as well as the upcoming year-end, Dec 31 expiry, these contain 45% of outstanding SPX option open interest, totaling more than $2.5tln of notional. However, since the concentration of strikes is below the current spot level and will thus have limited potential gamma impact, "the expiration of these positions will leave investors with cleaner portfolios to deploy risk into in early 2021", according to Goldman.

See Chart:

Dec 18 & 31 options expiration represent 45% of current open interest

https://cms.zerohedge.com/s3/files/inline-images/expiration%20dec%2018.jpg?itok=EkDsUuSx

Finally, as is typical, following these expirations SPX option open interest will be near a multi-year low, although Goldman expects open interest to start building up again as we enter 2021.

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SOURCE: https://www.zerohedge.com/markets/sp-call-wall-rises-3750-ahead-25-billion-quad-witch-spotgamma

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PENDULUM ECONOMY: it goes to 1 extreme until they reverse, we ‘re getting 1 end.

CAN 20 YEARS OF DEFLATION BE COMPRESSED INTO TWO YEARS? WE'RE ABOUT TO FIND OUT

Extremes become more extreme right up until they reverse, a reversal no one believes possible here in the waning days of 2020...

Authored by Charles Hugh Smith via OfTwoMinds blog,

The idea that human don't control everything is anathema to a technocrat elite, and so when the inevitable reversal crashes assets, everyone will rush around looking for the human-action cause of the disaster and the human-action fix, so we can get back on track to Dow 100,000.

But the search for causes will be in vain, for extremes pendulum swings reach a limit and then swing back, eventually reaching the opposite extreme minus a bit of friction, which is minimal in a frictionless financial sector of printing trillions with keystrokes.

If you want evidence that the pendulum has swung as far as it can go, ponder this chart of billionaire wealth jacked higher by the Fed and its central bank cronies:

See Chart:

US Billionaires Gained $1 trillion since the pandemic started

https://cms.zerohedge.com/s3/files/inline-images/billionaires12-20%20(2).jpg?itok=3KZC13ii

Can 20 years of asset deflation be compressed into a mere two years? Absolutely yes. The global financial system has been running a 20-year experiment in one extreme that's close to producing interesting results.

Extremes become very extreme right up .. until they reverse, a reversal that no one believes possible here in the waning days of 2020. If we could measure hubris (false pride), it would be near-infinite. and the reversal of that near-infinite extreme will be one for the ages.

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YES, it could last ages .. very long as development created by FDR ‘New Deals’ (40 years). But it could happen the reverse too: be a brief and violent Revolution with the guillotines of Robespierre, or the ‘paredon’ of Fidel Castro. I suspect a violent REV is at portas. It could be so since we create hate to the fraud that both parties (Reps & Dems) committed when arriving to the end of one swing of the pendulum, an end that most people of our nation will not like it. I hope d hate of both parties don’t last any longer.

Hugo Adan. 12/17/20

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US DOMESTIC POLITICS

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

AOC Says PELOSI, SCHUMER NEED TO GO

"...we need to shift power..."

The direction of the party’s leadership also concerned Ocasio-Cortez, indicating that a power vacuum could allow members who are more conservative than the current leadership to seize the reins.

“My concern—and I acknowledge this as a failing, as something that we need to sort out—is that there isn’t a plan,” Ocasio-Cortez said.

“How do we fill that vacuum? Because if you create that vacuum, there are so many nefarious forces at play to fill that vacuum with something even worse. And so, the actual sad state of affairs is that there are folks more conservative than even they are willing to kind of fill that void.”

The New York City congresswoman also said that there are a lack of leadership opportunities, which ultimately spurs talented freshmen representatives to depart Capitol Hill or to run for statewide office instead.

“The answer is we need to shift power,” Ocasio-Cortez said.

“We need to make sure that we have a transition of power in the Democratic Party.”

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Ending Pelosi, you have to fill that position Alejandra. You’re intelligent and all is a mater of practice. Get good advisors and after 3 months you will be able to run that post for yourself. There is not other person qualified like you. For DEMOCRATIC-SOCIALISM: PATRIA o MUERTE .. VENCEREMOS!

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TOM WOODS: THE VIRUS IS YOUR FAULT

“Nobody I talk to in NYC knows that data,” he says. “Nobody.”

I found it interesting to look at three places that are right next to each other, in order to minimize differentiating factors like weather, demographics, etc.

And yet despite different policies implemented at different times, Maryland, D.C., and Virginia follow exactly the same pattern. Isn’t that at least odd?

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/Woods-Maryland-new-cases-2020.jpg?itok=bXe0sAWh

Or how about Arizona, Nevada, and California. Different policies, same result:

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/Woods-Arizona-new-cases.jpg?itok=BQE17ind

It’s excruciatingly obvious at this point that the virus is going to do what it’s going to do. The mitigation measures have catastrophic side effects and — even if intuitively they may seem to make sense — don’t really accomplish anything with this virus.

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SOURCE: https://www.zerohedge.com/covid-19/tom-woods-virus-your-fault

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PFIZER "CLOSELY MONITORING" ALASKA HEALTH WORKER AFTER "SERIOUS ADVERSE REACTION" TO VACCINE

The reaction was reportedly similar to the anaphylactic shock suffered by multiple healthcare workers in the UK, where the Pfizer-BioNTech jab was approved earlier this month and RT reports that, in a statement, Pfizer said that it is “working with local health authorities” to assess the details of the report about a “potential serious allergic reaction,” pledging to “closely monitor all reports suggestive of serious allergic reactions following vaccination” and “update labeling language if needed.”

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PETER SCHIFF: JEROME POWELL'S IGNORANCE WON'T BE BLISS

Federal Reserve Chairman Jerome Powell seemed clueless about the ramifications of this policy – particularly the impact of inflation. Peter Schiff talked about the Fed meeting and Powell’s comments in his podcast, saying Powell’s ignorance won’t be bliss.

The FOMC held the Fed funds rate at zero and committed to continue buying at least $80 billion a month in Treasuries and $40 billion a month un agency-backed securities “until substantial further progress has been made on maximum employment and price stability goals.”

While the central bank did not announce any expansion of quantitative easing, Powell said did open the door to increasing its asset purchase program down the road, both in the number of bonds it buys and in the maturity of the bonds. It will almost certainly have to at some point. Bank of America analysis shows that the Fed will have to double its current rate of Treasury purchases just to keep up with the current level of US government borrowing.

LISTEN TAPE: https://youtu.be/O9hF41w6FAc

Check the answer from Peter Schiff at:

SOURCE: https://www.zerohedge.com/markets/peter-schiff-jerome-powells-ignorance-wont-be-bliss

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QEs and bailouts to the rich are not moral hazard. But stud debt are: Pillonaires hypocr

ANOTHER GOOD REASON FOR NO STUDENT LOAN BAILOUT

Debt discharge is a huge moral hazard that encourages more overpaying for useless degrees... It will do nothing to address the cost of higher education...

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Rich students can pay their, but poor & middle classes cannot

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Trump insist in making war to China (+RU) putting at risk US & world lifes

TRUMP RE-PROMISES TO VETO THE DEFENSE BILL: "MUST HAVE SECTION 230 TERMINATION"

"I will Veto the Defense Bill, which will make China very unhappy. They love it. Must have Section 230 termination..."

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He must be sued for crimes Agst-H (children’migra) & war crimes (Syria): Jan21

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Here info on the profiteers of the covid-pandemia

DEAL DAY?

News that US Congressional leaders are nearing an agreement on a coronavirus relief deal of around USD 900 bln has sparked even more optimism in the markets.

By Jane FoleySenior, Rabobank FX Strategist

News that US Congressional leaders are nearing an agreement on a coronavirus relief deal of around USD 900 bln has sparked even more optimism in the markets. Stocks were higher across the board overnight with several indices sitting close to record highs and the DXY USD index falling to a two year low.

If recent indications from US initial jobless claims and payrolls data were not convincing enough, yesterday’s release of November retail sales data provided further evidence that the pace of the US economic has been slowing. Between July and September this series was producing record levels of growth, by contrast the November headline rate dropped -1.1 m/m underscoring the need for further fiscal support from the US government. Among other measures, the new fiscal package will reportedly feature payments of USD300 /week of enhanced unemployment insurance payments

Covid-19 related hospitalizations continue to hit record highs necessitating various restrictions around the country. The Fed’s 2 day policy meeting ended last night with Chair Powell stating that the case for further fiscal policy was “very, very strong”. As expected the FOMC did provide more explicit guidance on its asset purchase programme.

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Notice that this art did not mention the main profiteer: Pfizer

CONTINUE READING AT

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SOURCE: https://www.zerohedge.com/markets/deal-day

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WHEN 2-YEAR-OLDS ARE THROWN OFF AIRPLANES, YOU KNOW AMERICA HAS CHANGED

Does United Airlines think it’s enforcing a rational and humane policy, regarding 2-year-olds as dangerous disease spreaders?

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YEAR ZERO

The year when the global capitalist ruling classes did away with the illusion of democracy

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"THE FRAUD HAPPENED" – SENATOR RAND PAUL ACCUSES STATES OF USING COVID TO STEAL ELECTION

"The fraud happened. The election in many ways was stolen...dead people voted,non-citizens voted, people broke the absentee [ballot] rules..."

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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: NAVALNY WASN'T IMPORTANT ENOUGH TO BE A TARGET. RUSSIA "WOULD'VE FINISHED THE JOB"

"It's a trick to attack the leaders (of Russia)," Putin said. "But that absolutely does not mean he needs to be poisoned," he noted. "Who needs him?"

And in perhaps the most provocative and mocking statement, Putin added, "If someone had wanted to poison him they would have finished off."

Putin added if Russia wanted to kill Navalny, it would've "finished" the job.

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MEXICO'S PRESIDENT SLAMS LOCKDOWNS AS A FORM OF "DICTATORSHIP"

says stay-at-home orders betray “authoritarian instincts” of governments

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Guaido is not ‘Presid’ any longer & the gold must be returned to VEN: UN must Act

UK SUPREME COURT ACCEPTS GUAIDO'S APPEAL FOR CONTROL OVER BOE'S SEIZURE OF VENEZUELAN GOLD

“This should serve as new evidence that the Bank of England - aside from all the legal paraphernalia - is not a safe place for the money of any government..."

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US sent 40^th troops to invade RU-CH & Trump (+Penta-NATO) still plan t attack them

RU JUST TESTED ANOTHER ANTI-SATELLITE MISSILE, BLASTS "HOSTILE ACT"

US condemns Russia's efforts to transform space

into a "warfighting domain"...

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RUSSIAN FORCES ESTABLISH PRESENCE ON SYRIAN-IRAQI BORDER

Local sources link the increased Russian presence on the border with the recently resumed anti-ISIS operation there...

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China is not interested in the US and now US said the same. CH don’t lose, the US does

CHINA IS STILL MILES BEHIND PHASE 1 TRADE DEAL TARGETS

Despite reversing the downward trend in September and October, China is still miles behind the target of USD 230bn set out for imports of US goods and services in 2020

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SAUDI ARABIA HIRES ARMY OF NEW LOBBYISTS IN PREPARATION FOR BIDEN

Biden attacked Trump for writing the Saudis a "dangerous blank check"

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SPUTNIK and RT SHOWS

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

- Finish Line in Sight? US Congress Trying to Wrap Up Deal on COVID-19 Economic Bailout Bill

- US Stocks Rally As All 3 Key Indexes Hit Record Highs Based on Stimulus Expectats

- French Foreign Ministry Reiterates Concern Over Iran's 'Violations' of JCPOA Commitments (OTAN member)

- ‘No Doubt’: Iran’s Rouhani Says US Will Rejoin 2015 Nuclear Deal, Lift Sanctions Under Biden .Perhaps only illusion.. Biden is pro-WW3, as Trump is n Obama was (ISIS creato)

- US Recognizing Morocco’s Claims ‘Made Visible the Question of Western Sahara’ –

- Republicans Lead in Runoff Election to Decide Which Party Controls US Senate, Polls?