JUN 6 2021 ND SIT EC y POL
ND denounce-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 1% of billionaires don’t make a “Plus Society’
YELLEN ADMITS INFLATION IS ABOUT TO SURGE, SAYS IT WILL BE A "PLUS FOR SOCIETY"
“If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view”
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SOARING USED CAR PRICES MAY RESULT IN "SHOCKING" INFLATION REPORT NEXT WEEK
"We see clear risks of a big positive surprise..."
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MORE THAN ONE-THIRD OF SMALL BUSINESSES "IN JEOPARDY" OF CLOSING THIS SUMMER
The biggest increase in the survey was trouble finding employees, which was identified as a potential closure risk by 55% of respondents, up from just 5% the prior month.
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GOLDMAN'S CLIENTS ARE ASKING HOW VARIOUS INFLATION REGIMES AFFECT STOCKS: HERE IS THE ANSWER
by Tyler Durden
What Goldman's clients want to know: how does inflation affect corporate earnings and stock valuations? [ See Chart ]
Picking up on a joke we made earlier this week when we called Joe Biden the Six Trillion Dollar Man (in homage to a very deflationary Lee Majors) in response to the 12 zeroes contained in his budget, in his latest Weekly Kickstart note Goldman's David Kostin writes that...
by at least one measure, inflation has been rampant during the past 50 years, noting that in 1973, Steve Austin was the most powerful man in the world, with super strength in his right arm, a bionic eye, and artificial legs that could run 60 mph. It cost the federal government $6 million to re-build the NASA astronaut into the bionic man, played by Lee Majors in the hit TV series, “The Six Million Dollar Man.”
Fast forward to today, often sporting his trademark 1970s-style aviator sunglasses, President Joe Biden is the most powerful man in the world.Biden is the $6 trillion man when his three 2021 fiscal spending plans are combined: the $1.9 trillion COVID relief plan that was passed in March, the $2.0 trillion American infrastructure plan proposed in April, and the $1.8 trillion American families plan proposed in May. If all three proposals are passed by Congress, it would represent an unprecedented level of peacetime spending in relation to the size of the underlying economy. Of course, it remains to be seen whether the latter two plans pass Congress.
And while it increasingly looks like Biden's original $6 trillion proposal will be substantially reduced - and may even collapse should it not gather the required support from centrist democrats - Goldman's economists did not wait to find out what happens and recently raised their near-term inflation forecasts even as they maintained their expectation that inflation will begin to abate later in the year. In April, both core PCE (+3.1% y/y) and core CPI (+3.0% y/y) exceeded expectations and notched highs not seen in more than two decades. In turn, Goldman's economists expect that core PCE will register 2.5% at the end of 2021 and decline to 2.1% during 2022.
To be sure, after initially freaking out about a deluge of inflation, the growing likelihood that Biden's stimulus package will be materially diluted is why equity market performance has already shown a recent unwinding of inflation concerns. As Goldman notes, In March, amidst fears about rising inflation, stocks with high pricing power
See Chart:
Constituents of our High Pricing Power Screen
https://cms.zerohedge.com/s3/files/inline-images/high%20pricing%20power%20screen.jpg?itok=DUEQ537d
.. began to outperform those with low pricing power, reversing 5 months of low pricing power outperformance as the economy recovered. However, during the past few weeks, low pricing power stocks have outperformed again (7% vs. 3%). At the same time, the interest rate 10-year inflation breakevens has declined by 14 bps to 2.4%, suggesting inflation fears priced by both equity and debt markets are easing.
For the record, Goldman's economists forecast the yield curve will steepen in 2021 and 2022, with the funds rate unchanged while the 10-year yield rises from 1.6% today to 1.9% and 2.1% at year-end 2021 and 2022.
Here Kostin makes another valiant attempt to ease worries about runaway inflation, claiming that although inflation is generally a negative impulse for valuation multiples, "recent popular investor focus on earnings yield less the inflation rate is misplaced" and here's why:
Investors concerned by this metric note that it has fallen to its lowest point since the peak of the Tech Bubble in 2000 and suggests the return from owning equities is erased by inflation. We disagree with this interpretation. First, equity earnings and the prices tied to them are nominal and typically rise with inflation. Second, even inflation hawks agree that the most recent prints are biased by base effects and reopening dynamics. In contrast to the gap between the earnings yield and inflation, the EPS yield gap versus the 10-year US Treasury yield, which is commonly used as a proxy for equity risk premium, actually remains above its long-term average.
See Exhibit 1.
https://cms.zerohedge.com/s3/files/inline-images/earnings%20yield%20gap.jpg?itok=jepXWbej
Kostin's spin aside, it is undisputable that overall, stocks perform better during periods of low inflation than when inflation is high. Goldman categorizes periods since 1962 into those of high and low inflation by comparing year/year core CPI to the Fed’s estimate of consensus long-term inflation expectations. Exhibit 2 clearly shows two inflationary regimes during the past 60 years: The first 20 years (1962-1980) and the past 40 years.
See Exhibit 2:
Inflation cycles since 1960
https://cms.zerohedge.com/s3/files/inline-images/core%20CPI%20YoY.jpg?itok=zT5eQ6mh
Continue reading & see more charts explained at:
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
VIROLOGIST WHO TOLD FAUCI SARS-COV-2 'POTENTIALLY ENGINEERED' JUST NUKED HIS TWITTER ACCOUNT
Not suspicious at all...
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TOP PENNSYLVANIA SENATOR SAYS HE SUPPORTS ELECTION AUDIT
"This is the best path forward to address the legitimate concerns of the large majority of my constituents who voted to reelect President Trump..."
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AFTER CAPITOL RIOT "PAUSE", ARMS COMPANIES ARE SHOWERING MONEY ON BOTH SIDES OF AISLE AGAIN
All prior virtue signaling notwithstanding, the biggest donations are going to some in Congress who were big proponents of the stolen election narrative..
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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
Status of WW3 NOW:
US TROOPS IN IRAQ TARGETED BY INCREASINGLY SOPHISTICATED COMBAT DRONES
US officials are blaming Iran-backed groups after latest Saturday attack incident at Ain al-Asad Air Base...
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In the present Orwellian era, where propaganda and deception are ubiquitous, one of the signposts of truth that I have learned to respect is that the most important truths are the most heavily censored.
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MACH 30 WIND TUNNEL PROPELS CHINA DECADES AHEAD IN GLOBAL HYPERSONIC RACE
"There is a Chinese saying, it takes 10 years to sharpen a sword. "We have spent 60 years sharpening two swords. And they are the best."
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SPUTNIK : https://sputniknews.com/
- Statue of Egerton Ryerson Toppled in Toronto After Discovery of Indigenous Child Remains
- ‘Let Go’: Bennett Calls on Netanyahu to Step Down, Not ‘Leave Scorched Earth’
- At Least 30 Reportedly Killed in Collision of Two Express Trains in Southern Pakistan
- Third Mate of Russian Amur Ship Detained For 72 Hours in Japan
- VP Kamala Harris Plane Bound For Guatemala Turned Back to Joint Base Andrews Over 'Technical Issue'
- Three People Dead, Six Injured in Shooting in Miami, Florida
- Clashes Break Out Near Israeli Police Station in East Jerusalem
- Energy Sec Granholm Says Adversaries Capable of Shutting Down US Power Grids
- Erdogan: Turkey 'Neutralizes' High-Ranking PKK Member in Iraq
- Israeli F-35s to ‘Focus’ on Iran in Their First Large-Scale Drills Abroad
- Facebook Executive Nick Clegg Calls Trump Ban 'Fair and Proportionate'
- Ghislaine Maxwell’s Inhuman Prison Condit Violate United Nations Mandela Rules,
- Netanyahu Warns Bennett Would Crumple Under US Pressure to Return to Iran Deal
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JUN 6 2021 ND SIT EC y POL SPANISH ++
REBELION
ALC: POR UN PLAN CARAMEC Ignacio Ramonet
Mund: WASHINGTON NO PUDO CON EL NORD STREAM 2 H López
FAO-Comunid indígena: Guardianes del bosque contra cambio climát
Perú: Castillo vs Fujimori DOS PROYECTOS ANTÍPODAS
El Salvador : Bukele y US, dos caras de la misma moneda Giorgio T
ALC: Autocomplacencia uruguaya: ¿idiosincrasia o mera propaganda?
España: ¿POR QUÉ INDULTAR A JUANA RIVAS? Ana Bernal-Triviño
Chile: Gobierno de Piñera se asocia a régimen criminal d ISR P J L
Opin: Nueva ley de medios n Uruguay, a favor d grandes empresar
Opin: ¿MÉXICO O ARGENTINA? Atilio A. Boron
CUBA ¿DÓNDE ESTÁ NUESTRA VOZ? Rafael C y Yusmila Z
Ecuad: Balance del gob de Moreno, verdugo de Ecuad Patric y Jorge
USA: FRONTERAS INFINITAS Jorge Elbaum
Mund: Desproporción entre gastos militar y ayuda a poblac marginal
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RT EN ESPAÑOL
Bukele detalla su visión para El Salvador: "Sin impuestos a gananc de bitcóin” burla a Nacion https://actualidad.rt.com/actualidad/394305-bukele-detallar-vision-salvador-bitcoin
Biden: US y UE (y no China) son quienes deben establecer "las reglas del siglo XXI. https://actualidad.rt.com/actualidad/394248-biden-dice-son-eeuu-europa-deben-establecer-reglas
OPIUM DREAMS: Legado que dejo la derrota del US en Afganstan,
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Trump insta al mundo a gravar a China con factura de 10 bill USD por la pandemia https://actualidad.rt.com/actualidad/394250-trump-critica-fauci-china-deja-entrever-perspectiva
Esa factura la tiene que pagar Trump por mentiroso, belicoso (WW3) y por criminal del nefasto dia 6.
No existe evidencia alguna de que CH creo el CV-19. Si hay evidencia de que T trato de bombardear RU-CH con 48mil tropas del Penta-NATO y de que mintió a las huestes fascistas de MAGA a que tomen el capitolio pues se les dijo que allí estaban las balotas del fraude electoral.
Trump engaño a sus huestes fascistas pues lo que el buscaba era evitar que las bandas Dems impongan la dictadura de la mafia “Electoral College” que sirvió para legitimar un gobierno falso, el de Biden. Esa fue también la trampa que uso Trump para legitimar su ‘electoral college’ frente a la corrupta y pedofila Hillary quien si le gano la votación en las ánforas a Trump.
REAL democracia en el US no existe. El ‘electoral college’ se creo para evitar que el pueblo tome el poder con el voto directo en elecciones. Esto no es democracia, esto es Polyarchy dijo R Dahl: sistema donde mafias oligárquicas se alternan en el poder. Eso es fraude. Y este fraude fue lo que uso Trump para alegar su victoria electoral frente a la corrupta-pedofila Hillary Clinton.
El asalto al capitolio fue la derrota de Trump pues no pudo evitar el fraude del ‘Elec-Coll” que sirvió para que Biden se entrone en el poder. A Trump le salió el tiro por la culata. La trampa ‘Elec-Coll’ que el uso antes sirvió para decapitarlo.
Sin asaltar el capitolio Trump pudo haber dado pase al recuento de votos ya aprobado en varias regiones. El asalto al capitolio creo 5 muertos -quiza mas- y por esto Trump iría a la cárcel si insiste en el recuento.
Sus chances de volver al poder no tienen base alguna. Su Maga (make America great again) solo sirve para alimentar el guerrerismo WW3 y la xenophobia y Ruso-phobia. El WW3 es genocidio a escala mundial y jamás tendrá vencedores, solo tendremos caos político, destrucción total y mas pandemias.
La victoria en el WW3 es el viejo canto de sirenas ya podridas del pasado. Esas sirenas jamás existieron en la vida real, esosolo existe en la mente perversa y corrupta de Trump y su fascism MAGA que ya no tiene cabida en Política actual.
El sistema neoliberal que dio cabida a sueños de opio de billonarios esta llegando a su final. Quieran o no, tendrán que negociar con RU y CH el desarme nuclear a nivel mundial y como ocurrió con JA querrán tirar al mar sus desechos nucleares y las naciones del mundo no lo permitirán.
Apenas se lance el 1er misil nuclear los pueblos del mundo incendiaran embajadas y empresas del US y los Gbnos autónomos exigirán el ‘ZERO DEBT’ y el retorno de los espacios robados en el pasado. Nacerá un nuevo concepto de soberanía Nacional y el PUBLIC NEED se impondrá sobre el PRIVATE GREED.
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- Barbara Lee Introduces Bill to Help Vietnamese Victims of Agent Orange By MC
- Inherit Hypocrisy? ”Inherit the Wind”(1960) of McCarthy Era By Ph A F,
- Europe Without Neutrals: NATO Lures Ireland into Global Military Network By RR
- US Actively Prepares for War with Russia By Valery Kulikov
- Shocking Case of Academic Censorship By Dr. Joseph Mercola
- Unthinkable Thoughts. The Spike Protein By Josh Mitteldorf,
- Pfizer’s Criminal Record. Largest Medical “Fraudulent Marketing” Case in US History By US Department of Justice
- How the Media Hides the Record of Vaccine Deaths. Deceives Americans By Dr MT.
- WHO Confirms that the Covid-19 PCR Test is Flawed: Estimates of “Positive Cases” are Meaningless. The Lockdown Has No Scientific Basis By Prof Michel Chossudovsky
- The COVID-19 RT-PCR Test: How to Mislead All Humanity. Using a “Test” To Lock Down Society By Dr. Pascal Sacré
- Doctors vs Health Authorities. Clinically Proven Drugs vs the Jab. Who will Prevail? transcript available By Michael Welch, Dr. Stephen Malthouse, and Dr. Peter McCullough
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CROSS TALK https://www.rt.com/shows/crosstalk/
WAS CORONAVIRUS LEAKED FROM A LAB? (NICHOLAS WADE & VICTOR GAO) E1020
We speak to Victor Gao, Vice President of the Center for China and Globalisation. He discusses the Covid-19 lab leak theory and makes the case against why the claim is a baseless conspiracy, highlighting the fact Covid-19 samples have been discovered in many other parts of the world that predate the Wuhan outbreak, US funding for Chinese virus research, the closing of Chinese databases, and the absence of a direct species source for zoonotic transmission of the virus, the Uighur Tribunal and much more!
SOURCE: https://www.rt.com/shows/going-underground/525747-coronavirus-laboratory-leak-possibility/
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