JUN 11 2021 ND SIT EC y POL
ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco
IT'S "PERMANENT" NOT "TEMPORARY" - DOLLAR'S PURCHASING POWER PLUNGED AT FASTEST PACE SINCE 1982
...and it’s a lot worse than it appears.
In terms of the politically incorrect way of calling consumer price inflation: The purchasing power of the consumer dollar – everything denominated in dollars for consumers, including their labor – has dropped by 0.8% in May, according to the BLS, and by 2.4% over the past three months, the biggest three-month plunge in purchasing power since 1982:
See Chart:
“Purchasing Power of Consumer Dollar
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
Bond Yields Plunge Most In A Year, Dollar Spikes As Inflation Soars
by Tyler Durden
...that's what a short squeeze looks like...
On the week, the major stock indices were mixed with The Dow lower, S&P unch-ish, and Small Caps and Big-Tech leading..
See Chart
https://cms.zerohedge.com/s3/files/inline-images/2021-06-11_12-59-59.jpg?itok=A0jwa5r_
The flip-flopping rotation between big-tech and small caps continued all week
See Chart:
Russell 200 / Nasdaq 100
https://cms.zerohedge.com/s3/files/inline-images/2021-06-11_12-24-47.jpg?itok=gFb7Hu-G
Growth won the week as traders rotated back from value stocks...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfmAF41.jpg?itok=gqQ3wjCr
Banks notably underperformed the market this week as yields tumbled...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm41CA.jpg?itok=LBtNBML7
Healthcare stocks outperformed as financials lagged...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm62AC_0.jpg?itok=dqgo251m
VIX closed with a 15 handle for the first time since before the pandemic...
See Chart:
VIX
https://cms.zerohedge.com/s3/files/inline-images/bfm8F3D_0.jpg?itok=RVmjnp6G
But, the big story of the week was the collapse in Treasury yields (in the face of a soaring CPI print) as bond shorts were increasingly squeezed...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm5758.jpg?itok=pxLC4PWL
This week saw 10Y Yields drop 10bps - the biggest weekly drop since last June (4th weekly drop in a row)...
See Chart:
UST 10Y Yield
https://cms.zerohedge.com/s3/files/inline-images/bfm2594.jpg?itok=j0w0ZLoT
The Treasury yield curve also flattened by the most since last June this week...
See Chart:
UST 2s 10s Yield Spread
https://cms.zerohedge.com/s3/files/inline-images/bfm365B.jpg?itok=8KfjG0EB
And breakevens saw their biggest weekly drop since April 2020..
See Chart:
10Y Breakevens
https://cms.zerohedge.com/s3/files/inline-images/bfmF90B.jpg?itok=5WhvlaOa
The dollar screamed higher today... erasing all the losses from last Friday's payrolls plunge...
See Chart:
Bloomberg Dollar Index
https://cms.zerohedge.com/s3/files/inline-images/bfmEB66.jpg?itok=8t7EAesi
Cryptos ended the week mixed with Ether notably underperforming Bitcoin...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm5D3A.jpg?itok=Lrd_igc_
Is it time for copper crash or gold run? Or are yields completely off base still?
See Chart:
Cooper / Gold vs 10Y Yield
https://cms.zerohedge.com/s3/files/inline-images/bfm954.jpg?itok=XCDrU2mk
And finally, The Fed's balance sheet reached $8 trillion this week for the first time ever - basically a double since the start of the pandemic panic-response...
See Chart:
FED Balance keep expanding vs S&P 500
https://cms.zerohedge.com/s3/files/inline-images/bfm8582_0.jpg?itok=QhRoIXbA
And the balance sheet keeps expanding despite the collapse of COVID...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/bfm6513.jpg?itok=hCKBsdWh
….
SOURCE: https://www.zerohedge.com/markets/bond-yields-plunge-most-year-dollar-spikes-inflation-soars
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THE HANGOVER ARRIVES: EXPLOSIVE INFLATION LEADS TO RECORD COLLAPSE IN HOME, CAR PURCHASE PLANS
"unfavorable perceptions of market prices reduced overall buying attitudes for vehicles and homes to their lowest point since 1982." [ See Chart ]
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CHIEF ECONOMIST: REAL INFLATION IS NOW IN THE DOUBLE DIGITS AND PAIN IS COMING
What's worse, knowing consumer prices are running at a double-digit pace, or not knowing actual inflation is that high?
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"WE ARE BUILDING UP TO A BIG ACCIDENT" - GAP BETWEEN 10Y YIELDS AND CPI IS THE HIGHEST SINCE 1980
The current gap between 10yr US yields (c.1.5%) and US CPI (5.0%) is a whopping 3.5%, the highest since 1980. In fact, the gap has only been more negative for 10 months in the last 70 years, all of which were in 1974, 1975
See Chart
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PEAKISH GROWTH? THE 10Y YIELD DECLINE IS MORE SIGNAL THAN NOISE
...the odd part of all... GDP is going to decelerate with inflation (probably) following suit to even greater extent. All of this while the Fed is talking about talking about tapering their asset purchases
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RATES, THE DOLLAR, & THE FED'S DIS-INFLATIONARY DILEMMA
"Once these base effects are exhausted, cyclical, structural, and monetary considerations suggest that the inflation rate will moderate lower by year end and will undershoot the Fed’s target of 2%..." [ See ugly Chart ]
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
BIDEN "NOT GOING TO HOLD BACK" IN EXPECTED TENSE PUTIN MEETING: WHITE HOUSE
Meanwhile Trump sent an emailed statement to Biden on Thursday: "Good luck" and "don’t fall asleep during the meeting"...
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... there’s “plummeting morale, growing mistrust... and unexpected retirements and separations based on these trainings alone.”
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CDC TO HOLD "EMERGENCY MEETING" AFTER 100S SUFFER HEART INFLAMMATION FOLLOWING COVID VACCINES
...CDC will convene an "emergency meeting" of its advisers to discuss rare but higher-than-expected reports of heart inflammation following vaccines...
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis, D rest in limbo
MERKEL'S LAST G-7 SUMMIT MARRED BY COVID OUTBREAK AT HOTEL HOUSING GERMAN DELEGATION
Members of Merkel's security detail were already checked in at the Pedn Olva hotel in the host town of St. Ives when local staffers tested positive...
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LOCKDOWNS AS "MOST CATASTROPHIC EVENT OF ALL HUMAN HISTORY"
“Every single poor person on the face of the earth has faced some harm, sometimes catastrophic harm, from this lockdown policy...”
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SPUTNIK NEWS: https://sputniknews.com/
- G7 Summit: Who Are the Seven Leaders, What Do They Want and How Long Will They Stay in Power?
- Biden to Nominate Cuban-Born Ex-Commander for Navy Chief, White House Says
- US Gives Ukraine New Package of Military Aid Worth $150Mln, Pentagon States
- Pentagon Returning $2Bln From Trump Border Wall to Military Construction,
- US Aware Russia Plans to Supply Iran With Advanced Satellite System
- Republicans Question Biden’s Idea to Boost IRS After Billionaires’ Data Leak
- ISR's Former Spymaster Says He 'Doesn't Understand' US Antagonistic Attitude Towards China
- Terrorists Transfer Armored Vehicles to Two Localities in Syria’s Idlib, Russian Says
- Teenage Girl Who Filmed George Floyd's Killing Wins Special Citation in Pulitzer Prize Awards
- Democrat Lawmakers Plan to Subpoena Trump's Ex-Attorney Generals Barr
- Sierra Leone Expects Russia's Go-Ahead to Purchase Sputnik V Vaccine
- Mongolia Approves Russia's Single-Dose COVID-19 Vaccine Sputnik Light
- UK Lawmakers Call on Biden to Drop US Charges Against Julian Assange IF happens I will support Biden
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JUN 11 2021 ND SIT EC y POL SPANISH ++
REBELION
-LA PANDEMIA A COMIENZO DEL SIGLO XXI Sergio Federovisky
- UK pretende dejar bancos fuera del impuesto de sociedades M-G
COL: ALGUNOS LOGROS DEL ESTALLIDO SOCIAL Fernando Dorado
- El género de la violencia Miguel Lorente
- REIVINDICAR HOY EL COMUNISMO “DE GUERRA” Luis Roca
-Peru: LECCIONES DE UN MAESTRO PERUANO Lautaro Rivara
-BRA: Tica Moreno: “Lucha local, proyección internacional” S F
ALC: REBELIÓN DE PUEBLOS LATINOS Y EL FUTURO Javier T
URUG: Lacalle ajusta abajo para regocijo de los de arriba N C
Perú y MX: eleccions con campañas negativas, miedo y violen M L
André Léo: Coherencia y lucidez de una luchadora indomable J A
ARG EL CAUDILLISMO EN EL RÍO DE LA PLATA Facundo Di
ECON: Los orígenes revolucionarios de la Renta Básica A Tena
COL: Una barricada de sentimientos y valores Marco Tobón
OPIN: AUTOTORTURA César Manzanos Bilbao
Opin: LOS QUE MANDAN Antonio Lorca
Cuba: Racistas del mundo, atacan a Cuba en Parlamento Europeo RP
España: «¡Viva Franco!» como expresión de anormalidad Ana Pardo
España Subcontratación: lacra que genera precariedad y pérd d derec
MX: VIVA EL GOBIERNO POPULAR MOVILIZADOR Pedro Echeverría V
África-Mali: DEMASIADO MALO PARA QUE SEA CIERTO Guadi Calvo
Mund: TEORÍAS SOBRE LA GLOBALIZACIÓN Raúl Allain
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RT EN ESPAÑOL
Impacto d la victoria de Castillo en América Latina (y qué persigue Keiko Fujimori ) https://actualidad.rt.com/actualidad/394799-castillo-impactar-america-latina-fujimori-fraude
IMPACTO: es posible que los proyectos viales para unir económias de países del atlantico y el Pacifico, devenga realidad. Es también posible que BRA con o sin Bolsonaro lideren la unionr del SUR Latino. Que en Chile se lance una Consituc socialista, aunque solo sea para denunciar el sistema actual. Que COL y VEN se alien contra el imperio. Si es asi se habrá encendido la mecha para que estallen REV socialistas en el SUR. De ocurrir esto , tendremos pronto una nueva Latino-America y con rumbo al socialismo.
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Las aclaratorias, omisiones y matices de la gira de Kamala Harris https://actualidad.rt.com/actualidad/394838-aclaratorias-omisiones-matices-gira-kamala-centroamerica
Kamala Harris uso el mismo lenguaje racista y estúpido de Trump y nada menos que con el país mas pobre de Centro America: Guatemala. De ella -como mujer- se esperaba compasion y solidaridad, pero hizo lo inverso , mostro odio infame contra los débiles. No hubo un minimo de decencia política en su verbo. Esto jamás lo olvidaremos los americanos de origen Latino. No la odiamos, sentimos asco hacia ella. Ella quemo su futuro político y en buen a hora. Hoy sabemos quien es ella.
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El Pentágono afirma que la "mayor amenaza" para EE.UU. son Rusia y China . https://actualidad.rt.com/actualidad/394807-amenazas-eeuu-rusia-china-cambio-climatico
El Penta piensa asi desde hce mucho tiempo y eso obligo a RU-CHI a armarse hasta los dientes. Hace 3 anios un General ruso -ya despedido -dijo que le bastaba golpear 9 puntos en el US y destruia todo su el poder militar. Recientemente se dijo que bastaba golpear 3 puntos y el imperio se iba al infierno. Y agregaron un 2º punto : el Banco de Londres y un deposito de armas nucleares del UK. Por esto diría yo que RU-CH no consideran al US como la mayor amenaza para ellos. Diria que coinciden con Biden, la mayor amenaza es el cambio climatico. Asi que a partir del G-7 deben lanzan un programa conjunto para enfrentar esta ’terrible ameneza’ mundial. Para algo debe servir el G-7: para entretener a los idiotas del mundo entero. Por eso soy ‘bidenista”
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- Johnson and Biden’s G7 Atlantic Charter is more show than substance By JR
- CV Doctor Comes to Stunning Conclusion: Government ‘Scrubbing Unprecedented Numbers’ of Injection-related Deaths By Leo Hohmann
- 31 Reasons Why I Won’t Take the Vaccine By Rabbi Chananya
- Corrupted National Politics from Truman to Trump By Jeremy Kuzmarov,
- G7: Desperately Seeking Relevancy By Pepe Escobar,
- “Greater Israel”: The Zionist Plan for the Middle East By Israel Shahak
- China’s High Speed Rail. Profit-Driven New Cold War Against China By DH
- New Israeli Attacks on Sites in Central and Southern Syria By Khaled Iskef
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VOLTAIRE NET ORG https://www.voltairenet.org/en
HOW SHOULD THE PENTAGON TARGET CHINA?
A heated debate is taking place at the Pentagon between two visions of the role to be assigned to US forces vis-à-vis China. Should they be remotely positioned and be exposed only to missiles, or sit nearby and risk being attacked by enemy soldiers?
The two options involve very different troop deployments and, in the case of bases on the Chinese border, very high costs.
Both the Office of Cost Assessment and Program Evaluation (CAPE) and the Office of Net Assessment (ONA) insist that the bases should be as far removed from China as possible. Their opponents instead insist on the need to be in a position to deploy troops immediately should China attack Taiwan. The former, however, counter-argue that Beijing’s annexation of Taiwan would be of little value for the United States.
On his part, General Ken Wilsbach, Commander of the US Pacific Air Forces, advocates for a dispersion of forces in multiple small bases that would be difficult to attack all at the same time.
SOURCE: https://www.voltairenet.org/article213369.html
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DEMOCRACY NOW
Amy Goodman’ team
- “Julian Is Suffering”: Family of WikiLeaks Founder Assange in U.S. to Demand His Release from Prison
- U.S. Led 2020 Nuclear Weapons Spending; Now Biden Going “Full Steam Ahead” on Trump’s Nuclear Plans
- Biden to Buy 500 Million Vaccine Doses for Other Countries, But Billions More Needed to End Pandemic
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