Nueva Democracia: DEC 24 20 ND SIT EC y POL

DEC 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

BABA BATTERED, BREXIT BREAKTHROUGH, & BAILOUT BUSTED - BUCK & BOND YIELDS DROP

by Tyler Durden

...did Jack Ma fly too close to the sun?

Jack Ma might be (or have been) the richest man in China, but right now he is learning the hard way, you don't mess with the gods. Since his criticism of China's financial regulations during an appearance at a high-profile industry conference in October, he has seen his Ant Group IPO cancelled, regulatory crackdowns on lending (the company's main business), and last night saw further action by Chinese officials investigating anti-trust violations. These actions have clubbed the giant Chinese tech firm (and Ma's wealth) like a baby seal...its worst day ever!

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2020-12-24_7-53-44.jpg?itok=M8iD3EwF

A lack of COVID Relief (after Trump poked the hornet's nest of pork... to mix metaphors), sent stocks lower on the day, pushing S&P, Dow, and Nasdaq red for the week (and erasing some of Small Caps' gains). Late-day ramp pushed Nasdaq and Dow back into the green..

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2020-12-24_10-00-12.jpg?itok=xcfSgQ6I

Financials and Tech led on the week (and were the only sectors green on the week) while Energy lagged

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm60AD_0.jpg?itok=_ouGIMoY

VIX plunged to a 21 handle today, back at quad-witch spike lows...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2020-12-24_9-35-51.jpg?itok=1oRRHYFD

Bonds were bid today, erasing yesterday's spike and ending the week lower by 1-3bps...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfmEA5F.jpg?itok=fKPogaAq

Once again, it seems the invisible hand of 'someone' stepped in to hold yields back from breaking out...

See Chart:

UST 10Y Yield

https://cms.zerohedge.com/s3/files/inline-images/bfm57BB.jpg?itok=AZt8Ktt6

The Bloomberg dollar index slipped lower on the day, but higher on the shortened week...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm6978_0.jpg?itok=8OCLW5KS

Commodities were mixed with PMs flat on the week but Copper and Crude lower as COVID-Lockdown Relief faded away and lockdowns spread around the world...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm1621.jpg?itok=cPScuQai

Finally, have no fear... there's no inflation (except in what you eat!!)..

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm5D6D.jpg?itok=i62jBFuq

And as real yields plunge back near record lows, gold is due to catch up (and has risen 16 of the last 20 years over the next week)...

See Chart:

10Y Yield vs Spot gold

https://cms.zerohedge.com/s3/files/inline-images/bfm5665.jpg?itok=J2Dham-x

And as if it matters, US economic data has been collapsing recently...

See Chart:

Soft data vs hard data

https://cms.zerohedge.com/s3/files/inline-images/bfm66AA.jpg?itok=c3Ue1k3R

….

SOURCE: https://www.zerohedge.com/markets/baba-battered-brexit-breakthrough-bailout-busted-buck-bond-yields-drop

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PETER SCHIFF: GOVERNMENT SEDATING THE ECONOMY WITH STIMULUS

Via SchiffGold.com,

"...all of it is paid for by the printing press, by inflation, and that means the dollar is going to collapse...."

Listen Video: https://youtu.be/zhu7q6PKUd0

….

SOURCE: https://www.zerohedge.com/economics/peter-schiff-government-sedating-economy-stimulus

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GOLDMAN'S FOUR LESSONS FROM 2020

"We recently reviewed our ten questions for the US economy in 2020, the answers we gave a year ago, and what actually happened. Most of our answers were wrong..." - Goldman Sachs

LESSONS ARE LISTED BELOW, as follows:

1. The benefits of real-time data, which of course is actually useful compared to seasonally adjusted, goal-seeked and manipulated "government data" whose only purpose is political validation and propaganda.

See Chart:

How our GDP forecast for 2020-2021 evolved through the pandemic

https://cms.zerohedge.com/s3/files/inline-images/GDP%20forecasts%20goldman.jpg?itok=tdmg-hV2

2. It’s better to be a fox than a hedgehog, or the "we get our best lessons from books" excuse.

3. Perhaps the funniest "lesson" according to Goldman is that what happened in 2020 was "ANOTHER KEYNESIAN TRIUMPH"; here Hatzius is either trolling his readers (again) or he is truly oblivious to the fact that the global economy is now constantly on the verge of collapse and needs constant central bank interventions precisely because of such "Keynesian triumphs" that will push global debt to surpass a third of a quadrillion dollars in the next few years, leaving central banks with hyperinflation as the only recourse to restore some normalcy to a world where money printing is now the norm.

But these misses should not obscure the fact that the 2020 crisis was another triumph for Keynesian economic policy—a framework that prescribes aggressive monetary and fiscal support in response to negative shocks, especially those that look clearly temporary.

The extent to which policymakers turned to Keynesian solutions is probably best illustrated by Exhibit 2. In Q2, the combination of expanded unemployment insurance, tax rebates, and small business support delivered the biggest increase in real disposable income on record, in a quarter that also saw the biggest decline in real GDP on record.

See Chart:

Disposable income surged despite GDP collapse

https://cms.zerohedge.com/s3/files/inline-images/disposable%20income.jpg?itok=lorhydAQ

The 2020 crisis thus adds to the evidence from the 2008 crisis that monetary and fiscal policymakers should be very aggressive in delivering demand-side stimulus when faced with a major downturn.

4. People and market economies have a remarkable capacity to adapt.

Such adaptation measures remain very important in the near term in view of the continued high level of infections. However, they will probably become less necessary next year as the population is successively vaccinated. If this process unfolds reasonably smoothly—obviously still a big if—the story of how the scientific and pharmaceutical community developed and distributed safe and effective vaccines ? so soon after the discovery of the virus will look like the biggest triumph of human adaptation and ingenuity in the entire story of the 2020 pandemic.

….

SOURCE: https://www.zerohedge.com/economics/goldmans-four-lessons-2020

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A VERY COVID CHRISTMAS: VISUALIZING THE PANDEMIC'S IMPACT ON FESTIVE SPENDING

Will the shift trigger permanent changes in the retail industry?

As an incredibly difficult year draws to a close, Visual Capitalist's Katie Jones notes that people are starting to accept that this festive season will be anything but typical. But while a portion of consumers have reined in their spending due to financial uncertainty, others are spreading Christmas cheer by indulging in gifts for their loved ones.

See Chart at:

https://www.zerohedge.com/personal-finance/very-covid-christmas-visualizing-pandemics-impact-festive-spending

As an incredibly difficult year draws to a close, Visual Capitalist's Katie Jones notes that people are starting to accept that this festive season will be anything but typical. But while a portion of consumers have reined in their spending due to financial uncertainty, others are spreading Christmas cheer by indulging in gifts for their loved ones.

The graphic below from Raconteur explores how consumers’ festive spending in the U.S. and UK has changed as a result of the ongoing pandemic.

See Graphic:

https://cms.zerohedge.com/s3/files/inline-images/future-retail-2500px.png?itok=BnjoMc2k

….

SOURCE: https://www.zerohedge.com/personal-finance/very-covid-christmas-visualizing-pandemics-impact-festive-spending

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US DOMESTIC POLITICS

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

CNN: AMEND CONSTITUTION TO PREVENT TRUMP OR ANYONE LIKE HIM HAVING POWER AGAIN

Fredo wants Biden to "point at Trump’s ass the whole time" during inauguration...

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US REFUGEE ADMISSIONS AT ALL-TIME LOW IN 2020

In the 2020 fiscal year, only around 3,000 people were granted asylum in the United States - an all-time-low,...

The maximum number of refugees the U.S. is accepting has been further slashed to 18,000 for FY 2020, which is the lowest cap on record with the Department of State. In FY 2019, the then cap of 30,000 asylum seekers were admitted

See Chart:

https://www.statista.com/chart/17537/number-of-asylum-grantees-in-the-us-by-region-of-origin/

Refugees from Asia have historically been the largest group of people being granted asylum in the U.S.

Almost 45 percent of grantees since 1975 came from that continent (excluding South Asia), with the biggest influxes from Vietnam around 1980, Hmong and Laotians up to around 1992 and from Myanmar and Bhutan around 2008.

….

SOURCE: https://www.zerohedge.com/geopolitical/us-refugee-admissions-all-time-low-2020

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DID FAUCI JUST ADMIT HE LIED ABOUT HERD IMMUNITY TO TRICK AMERICANS INTO VACCINE?

Trust the politics?...

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SHUTDOWN LOOMS AS DEMOCRAT BID FOR $2,000 RELIEF CHECKS FAILS HOUSE, HERE'S WHAT HAPPENS NEXT

"Republicans tell us they have one goal: keep TRUMP calm and hope he changes his mind..."

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GLOBAL OUTRAGE FOLLOWS TRUMP PARDONS OF BLACKWATER MERCENARIES WHO KILLED 17 IRAQIS

A lot of disgust and shock from US Iraq vets as well...

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