Nueva Democracia: FEB 6- 2021 ND SIT EC y POL

FEB 6- 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

"MIND-BOGGLING LIQUIDITY": NOBODY IS PAYING ATTENTION TO THE $1.1 TRILLION FLOOD ABOUT TO HIT MARKETS

by Tyler Durden

"The combo of a near $1 trillion check and $120 billion monthly QE is the monetary equivalent of eating a banana split after downing an Italian hero sandwich."

BLOCKED FOR NO MEMBERS = Freedom of expression cut from the ‘bottom’: owners

----

DOUBLELINE WARNS EVENTS ARE IN MOTION TO REMOVE DOLLAR AS RESERVE CURRENCY

Authored by Bill Campbell via DoubleLine Capital,

The pendulum is swinging in the direction of a new, multipolar world...

For every action, there is an equal and opposite reaction. In the case of international trade and global payments, the U.S. made aggressive use of sanctions and tariffs. With some merit, Washington has argued that these actions level the playing field for global trade or punish bad global actors. But a series of equal and opposite reactions are occurring as nations move to remove the role of the U.S. dollar at the center of global trade and finance.

This will have a long-lasting structural impact in ending the dominance of the dollar as the world’s reserve currency.

The implementation of a digital finance strategy will be a key component of this new EU strategy, including work on a retail central bank digital currency available to the general public.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the largest global payment settlement network, has already experienced drop-off in dollar transactions in its most-recent readings. It is interesting that this occurred after the implementation of RCEP, although the timing also comes in the wake of the COVID-19 pandemic and resulting economic disruptions.

See Figure 1

Share of Payment via SWIFT in USD

https://cms.zerohedge.com/s3/files/inline-images/2021-02-05_16-05-50.jpg?itok=5RDZGlb9

An additional element to watch will be the allocation of global central banks’ foreign currency reserves to the dollar. Non-dollar currencies recently have strengthened as the dollar has sold off. This has given many nations the opportunity to start to intervene to help stop the appreciation of their currencies and to rebuild their reserves buffers.

In fact, perhaps such a deliberate policy change might have already begun. Data published by the European Central Bank (ECB) and the International Monetary Fund (IMF) show a decline in the dollar as a percentage of total currency reserves since about 2016.

See Figure 2

USD as % of World Foreign Exchange Reserves

https://cms.zerohedge.com/s3/files/inline-images/2021-02-05_16-11-55.jpg?itok=nUlR_TNb

For the postwar period, the United States wielded the dollar’s central role in global trade and finance to its advantage, trying to even the playing field for trading relationships and as a sanctioning facility. The end of this powerful, unipolar advantage might be at hand. The pendulum is swinging in the direction of a new, multipolar world.

As the global trade-and-payments systems move away from a single-currency standard, the U.S. dollar, to a bilateral exchange framework, countries that are the most productive, most innovative or offer the most competitive goods and services will see their currencies in greater demand. This change is coming, and we should be ready for the change as it comes.

READ the whole art at:

SOURCE: https://www.zerohedge.com/geopolitical/doubleline-warns-events-are-motion-remove-dollar-reserve-currency

----

COMMODITIES ARE SOARING 25%: THAT'S CONSISTENT WITH HEADLINE INFLATION OF ALMOST 4%

The year-over-year rise in a basket of commodity prices is now a bit above 25%. This is a problem because in the past 20 years, that’s been consistent with headline inflation of just under

Octavio (Tavi) Costa said:

OIL Commodities are leading the way and the inflationary thesis keeps building up.

See Chart at:

https://twitter.com/TaviCosta/status/1358087226593337346?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1358087226593337346%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fcommodities-are-soaring-25-thats-consistent-headline-inflation-almost-4

Still, as BMO's Doug Porter shows, the year-over-year rise in a basket of commodity prices (and they mostly all show a similar pattern) is now a bit above 25%. This is a problem because in the past 20 years, that’s been consistent with headline inflation of just under 4%... or rather, it would be a problem if government headline inflation data actually reflected the reality of prices.

See Chart:

Bloomberg Commodity Spot Index

https://cms.zerohedge.com/s3/files/inline-images/bbg%20commodity%20spot%20index.jpg?itok=UM00VksA

That said, Porter notes some caveats and cautions that some of the biggest misses (where commodities popped and inflation didn’t) were immediately after recessions. That’s because there is still so much slack in the economy that cost increases don’t get fully passed along. (Note especially 2010/11.)

Still, as the BMO strategist concludes, "barring a fast fall in resource prices, it looks like the days of sub-1% inflation are rapidly drawing to a close."

….

SOURCE: https://www.zerohedge.com/markets/commodities-are-soaring-25-thats-consistent-headline-inflation-almost-4

----

GOLDMAN: DOES VALUATION STILL MATTER?

"We could be wrong and in Wilde’s terminology be sentimentalists clinging to a nostalgic belief that valuation always matters." - Goldman's David Kostin

Where the thread between price and value is barely present across most "serious" companies which are trading at 100x or even 1000x of future earnings and revenues, all the GME day-trading public did was to sever any pretense of linkages between fundamentals and prices and as a result, quickly took prices to their absurd extreme which in the case of GME meant $513.12 per share early in the morning of Thursday, January 28..

See Chart:

Peak Absurdity

https://cms.zerohedge.com/s3/files/inline-images/GME%20peak%20absurdity.jpg?itok=CdMsB9SA

….

SOURCE: https://www.zerohedge.com/markets/goldman-does-valuation-still-matter

----

FED EFFORTS TO STEM RISES IN YIELDS ARE BACK ON THE TABLE

Rising yields – driven by increasing inflation expectations after the Democrats’ unexpected clean sweep – are a risk for equities. If yields keep rising then the Fed will be forced to intervene to keep longer-term yields

There has been a regime shift in market behavior, starting in September. Until then, ever easier global monetary policy – as captured by the rise in negative-yielding debt outstanding – coincided with falling term premium.

See Chart:

Negative Yielding Debt Total Outstandig

https://cms.zerohedge.com/s3/files/inline-images/chart4_2.jpg?itok=L4rQiiTQ

See More charts & comments at:

SOURCE: https://www.zerohedge.com/markets/fed-efforts-stem-rises-yields-are-back-table

----

BITCOIN BURSTS BACK ABOVE $40K, ETHEREUM OPEN INTEREST HITS NEW HIGHS

Renewed interest on the part of institutional money in the last week

====

WALL STREET WINS AGAIN AS GAMESTOP BECOMES GAME OVER

"Too little skepticism and too much eagerness in an up-market - just like too much resistance and pessimism in a down-market - CAN BE VERY BAD FOR INVESTMENT RESULTS.”

====

HYPERINFLATION CAN HAPPEN MUCH FASTER THAN YOU THINK

If you think this can’t happen here or now, think again..

====

US DOMESTIC POLITICS

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

TRUMP made up say: You stupid’s are condemned to be defeated

RASKIN: TRUMP'S DECISION NOT TO TESTIFY MAY BE CITED AS EVIDENCE OF HIS GUILT

This is not the first time that reason has been left a stranger in our age of rage

====

BIDEN TO REVERSE TRUMP'S TERROR DESIGNATION OF YEMEN'S HOUTHIS

UN said region on brink of massive famine, the likes of which the world hasn’t seen in "40 years."

====

AMERICANS DITCH CITIZENSHIP IN RECORD NUMBERS AMID PANDEMIC

"If this trend continues, 2021 renunciation numbers will be record-breaking."

There has been a growing trend of U.S. citizens expatriating since the pandemic began. We first outlined this disturbing trend in August of last year.

The International Tax Blog posted annual expatriations from 1998 to 2020, showing the dramatic rise over the last decade.

See Chart:

Number of Published Expatriates per Year

https://cms.zerohedge.com/s3/files/inline-images/2021-02-05_08-22-16.png?itok=2he0GUgy

See more chart & comments at:

SOURCE: https://www.zerohedge.com/personal-finance/americans-ditch-citizenship-record-numbers-amid-pandemic

----

HE wants PEACE by doing war: nasty hypocrisy

BIDEN BARS "ERRATIC" TRUMP FROM RECEIVING INTEL BRIEFINGS CUSTOMARY FOR FORMER PRESIDENTS

"He might slip and say something..."

====

What the Supreme Court with the right of our Nation to have a religion?