Nueva Democracia: MAR 4- 2021 ND SIT EC y POL

MAR 4- 2021 ND SIT EC y POL

ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco

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HAWAII at risk:

8.0 QUAKE AFTERSHOCK ROCKS NEW ZEALAND'S KERMADEC ISLANDS; "TSUNAMI WATCH" FOR HAWAII

"A Tsunami Watch has been issued for all of Hawaii due to the M8.1 quake in the western Pacific."

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ZERO HEDGE ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

10Y TREASURY HITS A STUNNING -4.25% IN REPO AS YIELDS BLOW OUT

by Tyler Durden

Yields are exploding... shorts are piling on... the repo market is breaking... and the Fed is now just days away from YCC.

In his latest repo market commentary by Curvature's Scott Skyrm published after the Powell conference, the repo guru asked - rhetorically - "how low can Repo rates go in the 10 Year Note? Or, in the past, how low have 10 Year Repo rates gone? Extremely low 10 Year Note rates only occur during single-issues."

Skyrm said that from his own experience, what we call "extremely low" Repo rates is anything that's below -3.00% - which is below the Fail Charge right now. Since the beginning of 2018, the 10 Year Note traded below -3.00% only two other times: a more "solid" -3.50% from 6/10/20 to 6/12/20, and the only time there was an even lower, record low repo print of -5.75% was during the peak of the covid crash, on 3/13/20.

See Chart:

10 Years overnight rates

https://cms.zerohedge.com/s3/files/inline-images/repo%20crunch.jpg?itok=GbFve3Nw

What is striking is that March 3, 2021 was not a crisis. Neither was March 4. And yet, as Skyrm says after hitting -4.00% on Wednesday, the 10Y dipped even further to -4.25% today.

See Chart:

10 Years overnight rates

https://cms.zerohedge.com/s3/files/inline-images/10Y%20repo%20rate.jpg?itok=_j3zehNa

Meanwhile, the shorting in the 10Y has now resumed, and after blowing out to 1.55% during Powell's catastrophic speech, the benchmark treasury was last seen trading north of 1.57%, and fast approaching last week's blowout level of 1.61%.

See Chart:

10 Y TSY YIELD: Catastrophic 7Y auction/ catastrophic owell Q& A

https://cms.zerohedge.com/s3/files/inline-images/10Y%20yield_3.jpg?itok=WJP7fwUn

And while we wait for tomorrow's repo market data to see just how massive the latest shorting burst has been, one thing that is certain is that with Powell neither doing nor saying anything today because as the Fed Chair said there was nothing "abnormal" about the market, the same market will now quickly push the 10Y to a level Powell does find "abnormal" and forces him to launch YCC far sooner than if Powell had simply said something about the SLR today and eased some of the soaring market panic.

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SOURCE: https://www.zerohedge.com/markets/10y-treasury-hits-stunning-425-repo-yields-blow-out

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Dear Fed Chair: are market conditions still orderly?

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The Fed can’t taper. It can’t let interest rates spike. And words won’t be enough to hold interest rates down. The Fed is going to have to take action and that means more bond-buying.

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RELATED 3: END INFLATION!

AS PRICES EXPLODE, WHEN WILL THE CLUELESS FED FINALLY TURN HAWKISH?

"Once commodity inflation morphs into wage inflation, and once wage inflation causes unemployment, then the Fed will become hawkish, not before"

See Chat: END INFLATION!

https://cms.zerohedge.com/s3/files/inline-images/trends%20inflation.jpg?itok=aMAESsZz

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SOURCE : https://www.zerohedge.com/markets/prices-explode-when-will-clueless-fed-finally-turn-hawkish

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NASDAQ ENTERS CORRECTION, S&P RED FOR 2021, TSY YIELDS EXPLODE AFTER POWELL'S NOTHINGBURGER

No hints at a 'Twist', refuses to speculate on repo issues, no pushback against recent bond vol, and no mention of SLR exemption...

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JIM GRANT: FED HAS LEFT US WITH A BOND MARKET THAT'S "ALL BUT DESTROYED"

Jim Grant of Grant's Interest Rate Observer recently made an appearance on WealthTrack with Conseulo Mack to talk "Financial Bubbles of Historic Proportions".

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STOCKS PUKE AT CASH OPEN; S&P, NASDAQ BREAK KEY TECHNICAL LEVELS

Is this the market calling Powell's bluff ahead of the speech today?

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WHEN DOES THIS TRAVESTY OF A MOCKERY OF A SHAM FINALLY IMPLODE?

Authored by Charles Hugh Smith via OfTwoMinds blog,

The mutually reinforcing crises aren't in the future, they're here now, and Jay Powell's shuck-and-jive has lost its magical powers to cloak the rot with speculative bubbles...

See Chart:

Four long-wave cycles are plotted in the chart:

https://cms.zerohedge.com/s3/files/inline-images/4-cycles2_1.png?itok=7iEc_bmk

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SOURCE: https://www.zerohedge.com/markets/when-does-travesty-mockery-sham-finally-implode

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HOW MUCH MONEY WILL BIDEN'S NEW STIMULUS INJECT INTO THE MARKET

"Given stimulus checks are currently penciled in at c.$405bn in Biden’s plan, that gives us a maximum of around $150bn that could go into US equities based on our survey." [ See Chart ]

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JOB CREATION, NOT A $15 MINIMUM WAGE, WILL REDUCE POVERTY

...would such a measure truly help struggling Americans as promised?

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US DOMESTIC POLITICS

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

BIPARTISAN SENATORS SEEK TO STRIP BIDEN OF WAR POWERS

At long last we see action to kill war power

authorizations used by three presidents...

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HOUSE DEMOCRATS PASS BILL TO CHANGE AMERICAN VOTING FOREVER

by Tyler Durden