ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
NEW YEAR'S WEEK STORM COULD CAUSE HAVOC ACROSS US
After the Christmas Eve storm, is New Year's Eve next?
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
EQUITY FUTURES SURGE OFF WEAK OPEN AFTER TRUMP TWEET, GOLD GAINS
"Good news on Covid Relief Bill. Information to follow! "
by Tyler Durden
After opening down around 150 points, Dow futures went panic-bid after President Trump tweeted "Good news on Covid Relief Bill. Information to follow! "
We also note this headline printed about 30 mins before the futures open...
- ASTRAZENECA CEO: COVID VACCINE EFFECTIVE AGAINST NEW STRAIN
But futures opened down hard before Trump's tweet lifted them 250 points amid negligible liquidity to take out Thursday's highs...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2020-12-27_15-40-27.jpg?itok=X1P379Bu
We suspect now those stops are run, we retest the lows as the algos exhausted themselves on the nothingburger tweet since there is nothing coming aside from the $2,000 bill amendment vote that Republicans have (in enough numbers) been negative about.
We do note that gold ran higher on the tweet...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2020-12-27_15-46-17.jpg?itok=_N63X7dZ
...and the dollar is down a smidge...
See Chart:
Bloomberg Dollar Index
https://cms.zerohedge.com/s3/files/inline-images/bfmEFD5.jpg?itok=KKfXLrqU
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SOURCE: https://www.zerohedge.com/markets/equity-futures-surge-weak-open-after-trump-tweet
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THE DOLLAR'S DEMISE & THE BOOM OF 2021
In short, the US is moving from a deflationary boom to an inflationary boom... the dollar usually fell. Hence, investors needed to own gold...
Authored by Charles Gave via Evergreen Gavekal blog,
Inflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.”
- Famed economist, Milton Friedman
“Today’s Modern Monetary Theory world, with its double barreled fiscal and monetary stimulus, is crashing head on with an accumulation of years of declining investment in the basic industries such as materials, energy, and agriculture. In our analysis, the ‘end game’ for the Fed’s twin asset bubbles in stocks and bonds is inflation. We can already see it developing on the commodity front.”
- Crescat Capital
INTRODUCTION
As most loyal EVA readers know, for the 15 years of this newsletter’s existence, I’ve been a believer in, and forecaster of, subdued inflation. In fact, I’ve often written that for nearly all of my 42-year career I’ve felt that inflation would stay low, despite some intermittent flare-ups late in economic expansions. Of course, 2% inflation over 40 years means a loss of 55% in purchasing power, which doesn’t exactly qualify as true price stability.
However, for those of us old enough to remember the 1970s, 2% CPI bumps are mere rounding errors. When it comes to the Ghost of Inflation Past, though, the time may be nigh to go into your attics, pull out some dusty boxes like Steve Martin in “Father of the Bride”, and try to fit into those old “threads” from the Disco Decade.
THE BOOM OF 2021 BY CHARLES GAVE
Many readers will be familiar with my four quadrants representation of macroeconomic conditions, which like most Gavekal research is backed by impeccable logic. The tricky part, as ever, is linking the conceptual insight to current market conditions. To put it simply, the questions I want answered are: where are we today and where are we likely going next?
See Chart:
The four Quadrant framework
https://cms.zerohedge.com/s3/files/inline-images/Four-Quadrants-960x645.png?itok=ZU_xp1-_
Needless to say, I have worked on such questions since authoring the tool back in 1978. Over the years, I have come up with a few answers ranging from the straightforward to the rather complex, as expounded on in my 2016 book investigating Wicksellian analysis.
Back to MV=PQ
In this paper, I want to show that using tried-and-tested tools, which have not changed since they were built, I can, indeed, pinpoint where we are, and where we are going. Longtime readers will know that I place emphasis on the old equation MV=PQ, except that I consider V to be an independent variable, and not the result of the ex-post tautology V=PQ/M.
Let’s start with the US growth/recession indicator, shown below, which incorporates mostly economic data.
See Chart:
The US Growth indicator has turned positive
https://cms.zerohedge.com/s3/files/inline-images/US-Growth-Indicator-768x535.png?itok=AukoxwNL
The indicator collapsed at the end of 2019 and the early part of 2020, but has now returned to positive territory. This reading suggests that the US recovery will continue, which is supported by my “control” tool— a diffusion index of economically sensitive prices—which incorporates only market prices. The diffusion indicator is telling me that a boom is coming in the US, which confirms the message of the growth/recession indicator that a US recession is highly unlikely in the near future.
See Chart:
My diffusion indicator confirms the growth of US Indicator
https://cms.zerohedge.com/s3/files/inline-images/My-diffusion-indicator-960x644.png?itok=rgWUdIsa
And thus, I can safely assume that we are on the right side of the four quadrants; either in an inflationary growth period (top right) or in a disinflationary boom time (bottom right).
Having established that the US economy sits in the right side of the quadrant, I feel fairly sure that its precise position is in the upper (inflationary) quadrant as my “P indicator” of inflation has shot up.
See Chart:
The Gavecall “P” Inflation has shot up
https://cms.zerohedge.com/s3/files/inline-images/The-Gavekal-P-Inflation.png?itok=ZojpVy9E
In the chart above, the P indicator is compared to the second derivative of the US CPI (ex-Shelter). Why the second derivative? Because what matters for financial markets is not the actual inflation rate but the “surprising” changes in this rate, either up or down. And surprises may be coming. The P indicator seems to expect, one year down the road, a rise of at least 200bp in US CPI, which would take it close to 3%, versus 0.8% today.
In summary, my indicators tell me that US growth will be strong and we are on the right side of the four quadrants framework. As prices seem set to accelerate, we are moving into the upper half, which means that 2021 should see an inflationary boom in the US.
Continue reading at:
SOURCE: https://www.zerohedge.com/markets/dollars-demise-boom-2021
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
TRUMP SIGNS COVID-19 RELIEF BILL WITH $600 CHECKS, ASKS CONGRESS TO APPROVE INCREASE LATER
"I will sign the Omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed..."
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THE "NEW WORLD OF RETAIL" EMPLOYMENT IS NOW WORKING IN A WAREHOUSE
"Jobseekers may be looking at Christmas jobs as a potential temporary lifeline as job losses mount."
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UNSOLVED MURDERS ON THE RISE IN 2020 DUE TO COVID-RELATED CHALLENGES
Covid has made traditional police work, including face to face interviews, difficult to undertake.
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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
CHINA WILL BE THE FIRST COUNTRY TO LAUNCH A DIGITAL CURRENCY: WHAT HAPPENS THEN
We could very well see the DCEP appear as early as next year.
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HOW COVID WAS USED TO CHANGE THE WORLD FOREVER
We should have the basic human rights and responsibilities of making our own health choices. We should be provided with accurate information, not propaganda to support the whim of whoever currently wants to mandate our medical decisions...
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FOR 55% OF AMERICANS, 2020 HAS BEEN "A PERSONAL FINANCIAL DISASTER"
While there is no question 2020 has been an unparalleled health challenge, many are not losing sight of how devastating the year was for their wallets as well...
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- Trump Signs Spending Bill That Includes COVID-19 Relief Legislation
- Trump Says More News Coming on January 6, ‘Info to Follow’ on Coronavirus Relief
- Russia Plans Three Times More Proton-M Launches Next Year Than in 2020
- Rabbis in ISR Express Concerns About Vaccinat on Shabbat, Say It Goes Agst Rules
- Investigators Say Nashville Bomber Identified as 63-Year-Old Anthony Warner
- Senator Sanders Decries Trump's Response to CV-19 Relief Bill, Urges Him to Sign It
- Iran Adds New Names to List of Am Allegedly Involved in Soleimani's Assassination
- Russia Calls for De-Escalation of Tensions in Syria's Ain Issa
- GOP Cong-Kinzinger Rips His Party's ‘Grifting Scam’ as It Seeks to Overturn Elect- Out
- Highway Shut Down Near Tennessee's Lebanon Due to Suspicious Box Truck
- Brexit Deal is an Accord UK, EU Managed to Agree On, Not the One People Voted for.
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DEC 27 20 ND SIT EC y POL SPANISH ++
REBELION
Nada nuevo
ALAINET ORG
Nada nuevo
RT EN ESPAÑOL
Un creador de vacuna de BioNTech y Pfizer: "El virus estará con nos por próx 10 años" https://actualidad.rt.com/actualidad/378207-creador-biontech-pfizer-coronavirus-10-anos
Hemos tenido virus como la guerra mas mortales que este, asi que si no mata tantos.. bien-venido. Además creo que este también lo causo la polución ambiental de los drills de guerra. Ya veremos que hacer con estos que lucran con la pandemia CV-19. Creo que muchos apostaran a esta loteria.. para los ya envirados.. nada que perder.
Al menos 18 de hogar d ancianos mueren y más de 150 dan CV posit tras visita de Sta Claus https://actualidad.rt.com/actualidad/378202-hogar-ancianos-morir-santa-claus-coronavirus La próxima navidad hay que armarle PAREDON a este santito.
El bloqueo USAno impide el desarrollo del deporte en Cuba https://actualidad.rt.com/video/378224-bloqueo-estadounidense-impide-desarrollo-deporte
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3
Nada nuevo
GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
-Korea and Moon Jae-in: God Save Korea! God Bless the President! By. J H. Ch
-The U.S. Govt’s Legacy of Human Experimentations By T A G
- Warning: COVID Vaccines! Huge Risks, Huge Injuries – Huge Compensations?
- Is Iran Contemplating Vengeance in Regards to the Murder of Its Two Prominent Leaders? By Askiah Adam
- Democracies Don’t Start Wars. But U.S. Democrats Do. By P Giraldi,
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