FEB 11- 2021 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
BUMBLE FUMBLE, STONER STOCKS TUMBLE AS BITCOIN RIPS & DOLLAR DIPS
by Tyler Durden
...investors swiped left.
Everyone and their (female) pet rabbit was excitedly anticipating the Bumble IPO today and while it opened up 77% from its IPO price, it ended the day well below the $76 open price...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-02-11_12-32-58.jpg?itok=jPbr5I8g
But it was pot stocks that really got smoked...
See Chart:
ZH ‘Pot Stocks Basket’
https://cms.zerohedge.com/s3/files/inline-images/bfmCA85.jpg?itok=SyTyrjtK
With TLRY crashing 50%...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-02-11_12-07-58.jpg?itok=KXUcQsF7
Short-focused Biotechs were also whacked today...
See Chart:
ZH ‘Short focused Bio-tech’ basket
https://cms.zerohedge.com/s3/files/inline-images/bfm866D.jpg?itok=jSUxMvoQ
The broad market took a dive early on - for now obvious news/level driven reason - and staged a modest rebound from that tumble. Nasdaq outperformed but a late-day panic-buying spree lifted everything else back to unch...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-02-11_12-59-47.jpg?itok=83vzqaWP
Energy stocks closed down today... WTF!?
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm7C27.jpg?itok=-OqziKCd
The dollar ended the day lower for the 5th straight day - the longest losing streak since August - and back near unchanged on the year...
See Chart:
Blomberg Dollar Index
https://cms.zerohedge.com/s3/files/inline-images/bfmF6DC.jpg?itok=zU09LCki
Despite dollar weakness, gold was lower today
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-02-11_12-23-59.jpg?itok=mtQLlvH0
And oil dared to fall with WTI back below $58...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-02-11_12-26-27.jpg?itok=khnMuHjM
And finally, remember, it's different this time... but will it end the same?
See Chart:
Dow Today vs Dow 1929-32
https://cms.zerohedge.com/s3/files/inline-images/bfm9B3F.jpg?itok=XAIllwTd
….
SOURCE: https://www.zerohedge.com/markets/bumble-fumble-stoner-stocks-tumble-bitcoin-rips-dollar-dips
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RICKARDS: THE ONLY WAY OUT OF THE DEATH TRAP
Authored by James Rickards via The Daily Reckoning,
There is actually a way out. It’s the only solution left, really.
And that’s INFLATION...
I’ve said the U.S. is caught in a debt death trap.
Monetary policy won’t get us out because the velocity of money, the rate at which money changes hands, is dropping.
Printing more money alone will not change that.
Fiscal policy won’t work either because of high debt ratios. At current debt-to-GDP ratios, each additional dollar spent yields less than a dollar of growth. But because it must be borrowed, it does add a dollar to the debt. Debt becomes an actual drag on growth.
The national debt is $27.8 trillion. A $27.8 trillion debt would not be an issue if we had a $50 trillion economy.
But we don’t have a $50 trillion economy. We have about a $21 trillion economy, which means our debt is bigger than our economy.
The debt-to-GDP ratio is about 130%. Before the pandemic, it was about 105% (the policy response to the pandemic caused the spike).
Already in the Danger Zone
But even a ratio of 105% is in the danger zone.
Economists Ken Rogoff and Carmen Reinhart carried out a long historical survey going back 800 years, looking at individual countries, or empires in some cases, that have gone broke or defaulted on their debt.
They put the danger zone at a debt-to-GDP ratio of 90%. Once it reaches 90%, debt becomes a drag on growth.
Meanwhile, we’re looking at deficits of $1 trillion or more, long after the pandemic subsides.
In basic terms, the United States is going broke. We’re heading for a sovereign debt crisis.
READ MORE AT
SOURCE: https://www.zerohedge.com/economics/rickards-only-way-out-death-trap
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by Tyler Durden
If these provisions survive to reach the final version of the bill, the consumer will be well supported in 2021 and beyond
As BofA economist Joseph Song explains, the big winners of the proposal will be be low to middle-income households with young children. As shown by the orange line below, a family of 4 making less than $150,000 a year could qualify for $12,800 in federal income support over the next 15 months.
See Chart
Proposed income support payments & child tax credits by adjusted gross income
To be sure, not all of the child tax credit will be new money as the current tax code provides a $2000 tax credit per child, but the new provision is more generous in two ways:
- it is released monthly rather than all at once, allowing families to smooth over spending (bad news for anyone hoping to bet it all on a pennystock)
- the credit is fully refundable (i.e. refund is allowed even if credits exceed taxes owed) allowing low income households to gain the full benefit of the provision.
There is of course a cost: the Joint Committee on Taxation has scored the Economic Impact Payments and the Child Tax Credits to cost around $530bn ($422bn + $109bn) which, if fully spent, would equate to roughly 2.8% of real GDP. That said, not all of the income support will be spent in the economy and reasonable fiscal multipliers would suggest a GDP boost in the range of 0.5-1.5%. Still, as BofA quipts "that’s a lot of diapers and toys."
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RELATED:
NO, WE DON'T NEED A 'REALITY-CZAR': LET TRUTH AND FALSEHOOD GRAPPLE
So who could be trusted as the reality czar? No one...
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CRACKDOWN BEGINS AS SEC SUSPENDS TRADING IN PENNYSTOCK
"The commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities."
Incidentally, if anyone is still long SRMX whose explosive performance we profiled earlier and which was outperformed SCIE almost threefold, it is only a matter of time before the SEC suspends trading in that company too.
See Chart:
SCIE vs SRMX
https://cms.zerohedge.com/s3/files/inline-images/scie%20vs%20srmx%202.jpg?itok=SAyPEgsy
….
SOURCE: https://www.zerohedge.com/markets/crackdown-begins-sec-suspends-trading-pennystock
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DISNEY SHARES SURGE TO NEW HIGHS AFTER STREAMING SUBS, EARNINGS BEAT... THERE'S JUST ONE THING
...while Disney+ subs soared, revenue-per-sub tumbled 28%...
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
BIDEN STRIKES DEALS FOR 200MM MORE VACCINES, BUT COUNTRY STILL WON'T GET JABS BY "END OF SUMMER"
"We...were led to believe there was a lot more vaccines that there was."
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BERKELEY'S DRACONIAN COVID-19 RESTRICTIONS LOOK MORE LIKE PRISON THAN COLLEGE
students are "NOT" allowed to "leave [their] room for solo outdoor exercise"
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The economic downturn that we are currently experiencing is making the last recession look like a Sunday picnic...
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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
BIDEN APPOINTS PENTAGON TASK FORCE TO REVIEW CHINA POLICY UNDER WELL-KNOWN HAWK
China hawk Ely Ratner believes President Trump was 'weak' on Beijing...
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- Cuomo Aide Reportedly Admits Hiding COVID Death Toll Data in Nursing Homes Due to Fears of Fed Probe
- Trump Hits The Green Amid Reports of His Displeasure With Impeachment Defense
- ‘The Squad’ Urges Biden to Drop Venezuela Sanctions Amid ‘Catastrophic Humanitarian Consequences’
- Grand Jury Acquits Two Buffalo Cops Who Shoved 75-Year-Old Man to Ground During 2020 Protests
- DoJ Reveals Militia Leader Was ‘Awaiting Direction’ From Trump Ahead of Capitol Riot
- Dating App Bumble's Stock Soars Following Wall Street Debut
- Trump's Condition During COVID Worse Than Acknowledged, Ventilator Was Option
- US on Track to Have Enough Vaccines for 300Mln Americans by End of July - Biden
- Sen. Rubio Calls Biden Hypocritical For Considering Domestic Travel Ban During Pand
- Explosion Reportedly Heard in Syria's Southern Governorate of Quneitra ISR responsi
- Former Ecuadorean President to Seek Moreno’s Impeachment Over Assange
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FEB 11 -2021 ND SIT EC y POL SPANISH ++
REBELION
Foro-SM: Logro alter mundialista, milagro tecnológico Sergio Ferrari
CV: Ciencia maltratada, privatizada y mercantilizada Eduardo Camín
RU: QUIÉN ES Y CÓMO PIENSA ALEXEI NAVALNY? John Tickle
ISR: Actor importante en la militarización del mundo Judith Deutsch
Ecuad: neoliberalismo derrotado por bloque popular que crece E I
ALC: UNA SEGUNDA OLA PROGRESISTA? Marcel Lhermitte
CEPAL: RETROCESO EN CONDICIONES DE TRABAJO DE LA MUJER
Honduras: FEMICIDIO DE ESTADO Giorgio Trucchi
Cultura: LA FILOSOFÍA DEL JOVEN GEORG LUKÁCS Andrés Lund
ARG: CORONAVIRUS Y ECONOMÍA POLÍTICA Luis Yanes
ARG: Debates insignificantes y estupidez institucional Darío B
Digitalización de economía ¿VERDE Y DIGITAL? Adrián Almazán
Opin: Cuál es el ineficiente sistema que genera emigración? J M
CHINA: Se va el Año de la Rata y comienza el Año de la Vaca J C
Cuba: Más de cien personalids piden a Biden levantar el bloqueo
Poder econ y Elecc: ¿ATRAPADOS SIN SALIDA? Carolina Vásquez
Acopio: Comunismo de guerra a lo cubano Mario Valdés
Ecuador ante una falsa disyuntiva de progresismo Ollantay I
España- Cataluña VOTOS ÚTILES Lluís Rabell
España: Migrantes extutelados: entre la burocracia y la precariedad
US: demócratas’ impeachment a Trump un show mediático Tom McC
US: ÁFRICA, UE Y RU RECHAZAN BLOQUEO US CONTRA CUBA
Corte Penal Intern: Camino despejado para justicia en Palestina
Birmania: Ejército controla un sistema económico complejo A V
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RT EN ESPAÑOL
Fiscal de NY confirma investig contral presid de Honduras por vínc con narcotráfico https://actualidad.rt.com/actualidad/383305-fiscalia-nueva-york-confirmar-investigacion-presidente-honduras-hernandez
Deberian investigar el trafico mundial de drogas de la DEA. Peru lo hizo y lo probo
Lasso acepta la propuesta de dialogar con Yaku Pérez frente al CNE en Quito https://actualidad.rt.com/actualidad/383300-guillermo-lasso-aceptar-dialogar-yaku
Lasso gano las elecciones y dejenlo que prepare su plan GOBERNABILIDAD. Su dialogo debe ser con el pueblo ahora.. no debe prestarse a maniobras arteras o mezquinas.
Kim Jong-un declara que Corea-N enfrenta a su "peor" crisis: pandemia y sanciones US https://actualidad.rt.com/actualidad/383299-kim-jong-declarar-corea-norte-peor-crisis
Crea del N debe cortar su relac-diplomatic con el US y afirmar su relación con Chima
US acusa a China de comportamiento "depredador" en el ámbito tecnológico https://actualidad.rt.com/actualidad/383279-eeuu-acusa-china-comportamiento-depredador
China acaba de responder el chantaje US a empresas Chinas. IBM pago los platos rotos. China le da con la misma moneda al imperio y si se atreve a guerra le responderá tamb
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3
ISR suspected of selling advanced missiles to US rival in Asia By YK-JB
IAEA Confirm Iran Produces Uranium Metal, Despite West Warn By JD
Another Zionist Joins the Biden Team By Philip Giraldi
Why V Nuland Is Dangerous n Should Not Be Confirmed By R Sterling
Tearing Down the Edifice of American Democrac? By Scott Ritter
Enough with 'thank you for your service'.
It's betrayal, not patriotism.
By Dennis Laich and Erik Edstrom
The Dangerous Myth of Patriotism By Richard Sahn The duty of a true patriot is to protect his country from its Government. Thomas Paine
New Lancet Report: 40 Percent of US COVID
Deaths Could Have Been Avoided
By Jared Rodriguez
The Invincible Green Stick of Happiness By Edward Curtin
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
US Business Operations with Nazi Germany By Shane Quinn
COVID vaccine: Truth, Lies, and Misconceptions Revealed By VR-CV
Why Russia Is Driving the West Crazy By Pepe Escobar
Ontario “Covid Measures” Are Destroying Our Public Health By M T,
Press Freedom Coalition Calls on Biden’s Department of Justice to Drop Case Against Julian Assange By Reporters Without Borders
Could Spike Protein in Moderna, Pfizer Vaccines Cause Blood Clots, Brain Inflammation and Heart Attacks? By Lyn Redwood,
“Bolivar Act” U.S. Congressmen Intend to Tighten the Blockade Against Venezuela By Internationalist 360
Morgan Stanley: Gasoline Industry Is About to Become Totally Worthless By A K
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VOLTAIRE NET ORG https://www.voltairenet.org/en
PRESIDENT BIDEN REVIVES TOOL OF "AMERICAN IMPERIALISM"
SOURCE: https://www.voltairenet.org/article212134.html
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CROSS TALK https://www.rt.com/shows/crosstalk/
A BET ON HUMAN INGENUITY (E1657)
SOURCE: https://www.rt.com/shows/keiser-report/515161-nigeria-entrepreneurs-bitcoin-africa/
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DEMOCRACY NOW
Amy Goodman’ team
- Feb 11, 2021
-Capitol Attack: Impeachment Managers Build Case vs. Trump with Chilling New Video of Mob’s Violence
- “You Guys Are Not Immune”: Modi Government Cracks Down on Independent Media Amid Farmer Protests
- RIP Anne Feeney, Legendary Labor Songwriter, Whose Favorite Place to Sing Was on a Picket Line
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