Nueva Democracia: FEB 7- 2021 ND SIT EC y POL

FEB 7- 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

The neoliberal system goes down from the TOP and then will happen for the bottom

RENAISSANCE HIT WITH $5 BILLION IN REDEMPTIONS AFTER "TERRIBLE" RETURNS

by Tyler Durden

While most outside investors have lost over a third of their investment in the past year, RenTec's internal Medallion fund is up nearly 80% in the same period.

At the end of January, when the Reddit revolt was wrecking havoc among hedge funds and forcing even market neutral quants to degross and delever, we pointed out something unexpected: according to the latest HSBC Hedge Fund performance tracker, Renaissance's public funds - RIEF and RIDA - had a dismal 2020, losing 20% and 32% respectively, while the Renaissance Institutional Diversified Global Equities Fund (RIDGE) lost 31% as Rentec's famous quant algos were thrown out of whack by swings the computers had never seen or experienced before (which is not to say that RenTec's private, internal "friends and family-only" Medallion fund suffered a similar fate, quite the opposite).

This prompted us to ask "what the hell is going on in Setauket" (where RenTec's HQ is located), a question which gained even more urgency once we found out that the dismal streak of the world's largest quant fund (RenTec manages around $60BN) had continued into 2021, when its funds were the top and 5th worst performers overall in January (while Senvest was by far the best on the back of its $700 million gain from going long GME stock).

See Table

Top& Bottom 20 Funds of 2021

https://cms.zerohedge.com/s3/files/inline-images/rentec%20jan%202021.jpg?itok=NkqqvwTV

It turns out we were not the only ones closely watching the dismal recent returns at the world's most profitable hedge fund, because as Bloomberg writes this morning, the "investing giant that just posted its worst-ever returns across its public funds, has been hit with at least $5 billion in redemptions", a staggering reversal in fortune for a fund which always had a line of people around the corner just waiting to get be admitted.

The broader lesson is that “one should expect even good investments to perform horribly from time to time.”

Well, the returns may have been "terrible" for anyone who foolishly assumed that Simons & Co. would put the same care in managing outside money as they allocate to their own funds. Because while most outside investors have lost over a third of their investment in the past year, RenTec's internal Medallion fund is up nearly 80% in the same period. How much longer will this divergence continue, we wonder, before someone asks the obvious question: why?

….

SOURCE: https://www.zerohedge.com/markets/renaissance-hit-5-billion-redemptions-after-terrible-returns

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THAT MYSTICAL MONETARY THEORY

By Joakim Book via The American Institute for Economic Research,

What is right about MMT is mostly old – and fairly trivial – and what is new about MMT is not quite right...

MMT, or Modern Monetary Theory, is on everyone’s lips – and it seems that everyone is keen on this long-obscure idea of how our public finances really work.

In an article in the latest issue of Economic Affairs, I try to condense the argument into four propositions that form the core of MMTers’ understanding of the world. I do this by reviewing Stephanie Kelton’s book from June of last year.

1. A currency issuer (a “monetary sovereign”) cannot run out of money

2. Taxes don’t pay for government expenditures but generate demand for money

3. Inflation is the only constraint that a monetary sovereign faces.

4. Capitalist economies have lots of idle resources (unemployment, spare capacity, fiscal space).

Aren’t Governments and Central Banks doing MMT Right Now?

Against James K. Galbraith’s argument that the MMT was vindicated by central bank actions of 2020, my AIER colleague Nicolás Cachanosky notes that

“The government spent a lot of money in a short period of time and inflation expectations remained below two percent. But that doesn’t tell us much about how such a policy would work in normal times. And the supposed evidence offered in support of MMT is also consistent with the standard view. To the extent that the fear of pandemic and government lockdown orders slowed spending, good old-fashioned monetary theory explains the observed low inflation rate in 2020.”

The real test for MMT is not the fervor with which policymakers around the world have taken MMT-like actions in the midst of a stop-all pandemic economy, but in a “normal” economy. If we make lots of resources idle (4), which governments did when they engineered a recession last year, MMT collapses into standard counter-cyclical Keynesianism with at best some cosmetic differences in form.

CONTINUE READING AT:

SOURCE: https://www.zerohedge.com/economics/mystical-monetary-theory

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US DOMESTIC POLITICS

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

All REV start this way: 1^st defy the custodies of ‘order’ (police), then defy the army

MOB THREATENS ARSON DURING 'F*CK THE POLICE' MARCH IN DC

"If we don't get it, burn it down."

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This could be the START of WW3, this suicide will be the end of US Empire

"THE POST-U.S. ERA HAS STARTED": IRAN'S AYATOLLAH BLASTS BIDEN FOR REFUSING TO LIFT SANCTIONS

Khamenei issues Iran's "final word"...

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RU-CH are ready to support its ally Iran. You wanted WW3, you will have it

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WHAT YOU NEED HAS NEVER BEEN CHEAPER VS WHAT YOU WANT

The ratio of Consumer Staples to Consumer Discretionary stocks is now lower than at the peak of the internet bubble. [ See Chart ]

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What the labor & middle classes WANT (including INVESTOR of middle class) is the TRANSFER of MEAN of PRODUCTION (including local Banks) TO THEM. The aim is clear & the strategy much more clear even: You start WW3, and we the people start the social revolution. EVEN SOLDIERS WILL BE IN OUR SIDE. Then the UNITED STATES of SOCIALIST AMERICA USSA will emerge. AMERICA FOR OUR NATION, NOT FOR BILLONAIRES, WILL BE OUR SONG IN STREETS.

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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

US still abusing small & poor countries

HAITI'S PRESIDENT SAYS "ATTEMPTED COUP D'ETAT" FOILED; 23 ARRESTED

"The goal of these people was to make an attempt on my life - that plan was aborted."

On Friday, US Department spokesman Ned Price requested that the Haitian Parliament conduct "free and fair legislative elections so that lawmakers may resume its rightful role."

Moise's presidential term ends on Sunday, but the president refuses to leave office before 2022, claiming that an "interim government" occupied his first year in office, this is why Moise is extending his presidential term until next year 2022 when he will call democratic Presidential Election without US interference.

Moise's political uncertainty is fueling what could spark opposition street demonstrations in the coming day. US Embassy is creating this uncertainty. Clossing US Embassy could be a solution but nobody know if he can do it. What is clear is that US don’t want real Democ there, they want puppet regim

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SPUTNIK and RT SHOWS

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

- Israel to Ask Allies to Pass 'Discreet Message' to ICC Not to Open Alleged War Crimes Probe - Report

- Biden Administration to Soon Announce Return to UN Human Rights Council

- Lily Collins Lambasted by Netizens Who Say She Is Only Up for Golden Globe 'Because She's White'

- Rand Paul Says There Is 'Zero' Chance Trump Will Be Convicted, Slams Impeachment is 'Farce'

- South Africa Putting Vaccine AstraZeneca on Hold as Study Reveals Low Efficacy

- UAE's 'Hope' Probe to Become First Arab Space Mission to Attempt Mars Entry

- Russia’s Sputnik V Coronavirus Vaccine Safest in World, Maduro Says

- Borrell Says Asked Lavrov to Reverse EU Diplomats Expulsion, But 'to No Avail'

- EU Foreign Ministers May Discuss New Anti-Russian Sanctions on February 22, Borrell Says

- US Army Officer’s Journal May Shed Light on 'Roswell UFO Crash'

- Haiti’s Justice Minister Announces Coup D’état Attempt in Country Has Been Foiled

- EU Backs Interim Libyan Government, Threatens Sanctions Against ‘Spoilers’

- Theresa May Called Her Husband to Say She Was Holding Hands With Donald Trump on DC Trip

- 'Potentially Hazardous': Asteroid Measuring More Than 1,000m in Diameter Will Pass by Earth in March

- Russia's Sputnik V Vaccine Fully Approved for Use in Hungary

- Trump is 'Happy' and 'Truly Relaxed' For First Time in Years Post-Presidency

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FEB 7 -2021 ND SIT EC y POL SPANISH ++

REBELION

Ecuad: ANÁLISIS ELECTORAL Decio Machado

Ecuad: LA DERECHA RADICALIZADA Franklin Ramírez

NO HAY MAS NOTICIAS NUEVAS

RT EN ESPAÑOL

Ecuad : Perfiles y propuestas de los principales candidatos a la Presidencia https://actualidad.rt.com/actualidad/382295-ecuador-propuestas-candidatos-presidentes-elecciones

Arauz y Lasso se enfrentarán en segunda vuelta en las presidenciales en Ecuador https://actualidad.rt.com/actualidad/382813-ecuador-sondeos-vaticina-segunda-vuelta-elecciones

No dicen lomas importante: quien es IZQ y quien DER allí

Biden vs Irán: US no levantará sanciones si Teherán sigue enriqueciend uranio https://actualidad.rt.com/actualidad/382799-biden-iran-sanciones-uranio

Los Neo-nazis de Israel tienen quien lo apoye. ISR si puede enriquecer arsenal atómico

Hallan 'el talón de Aquiles' del CV-19 en un anticuerpo clave en infección de 2003 https://actualidad.rt.com/actualidad/382783-hallan-talon-aquiles-coronavirus-anticuerpo

Ya era hora de parar la farsa que hizo billonarios a empresas estafadoras del US-UK

Biden anuncia el regreso del US al Consejo de Derechos Humanos de la ONU https://actualidad.rt.com/actualidad/382823-biden-regreso-consejo-derechos-humanos-onu

Sin duda busca controlar esta institución clave para ocultar US’ genocidio guerrerista

Dinamarca construirá la primera isla de energía eólica del mundo https://actualidad.rt.com/actualidad/382785-dinamarca-primera-isla-energia-eolica-mundo

Dar energía eléctrica a 3 Mill de hogares con turbinas movidas por viento es Rev Ecol. Lo hicieron los incas (capturaron fuerza de nubes en movimiento) y ahora lo hacen desde una isla y en gran escala (con modernas turbinas) en Dinamarca.

Sondeos a pie de urna: Arauz lidera las votaciones en Ecuador (36% vs 21%) https://actualidad.rt.com/video/382819-sondeos-pie-urna-arauz-lidera-votaciones-ecuador-seguido-lasso

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INFORMATION CLEARING HOUSE

Deep on the US political crisis: neofascism & internal conflicts that favor WW3

- EU is unreliable partner' Russian Foreign Minister Lavrov: By MofA

- Burmese Days, Revisited By Pepe Escobar

- You’re Not A Radical, You’re Just Sane By Caitlin Johnstone

- Imperial Presidency Comes Home to Roost By Tom Engelhardt

- Ecuador’s historic election explained By Ben Norton

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GLOBAL RESEARCH

Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies