Nueva Democracia: JUL 22 2021 ND SIT EC y POL Part 1

JUL 22 2021 ND SIT EC y POL Part 1

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

GLOBAL HOME PRICES ARE RISING AT THE FASTEST PACE ON RECORD

by Tyler Durden

At least when the bubble bursts, it's taking everyone down with it.

Those looking for signs of a new housing bubble need look no further than today's existing home sales report which showed that median prices of existing homes in the US soared 24% to a record $363,300.

See Chart:

Existing Home sales: Median Price

https://cms.zerohedge.com/s3/files/inline-images/median%20price.jpg?itok=GA859wnH

... the reality is that not only is it a bubble in the US, but it is also the biggest housing bubble in the entire world!

As BMO's Doug Porter writes, global real home prices are rising at their fastest pace in 45 years of records. According to data compiled by the Dallas Fed, prices after inflation are now up more than 6% y/y, surpassing the prior peaks in 2005 and 1989

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/global%20house%20price%20index.jpg?itok=3xtd3xRv

And speaking of Canada. The fastest rate in the past three decades is 14% in 2007, but with the 3-month annualized rate now running at just under 12%, this milestone could be tested if house prices continue to rip higher and sales remain strong

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/canada%20household%20credit.jpg?itok=EzwEu0Xj

SOURCE: https://www.zerohedge.com/markets/global-home-prices-are-rising-fastest-pace-record

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ALBERT EDWARDS NOTICES "SOMETHING SHOCKING" IN THE "TRANSITORY VS PERSISTENT INFLATION" DEBATE

"The Congressional Budget Office (CBO) have massively revised their calculations for the US output gap –which suggests US inflationary pressures are far hotter than previously thought."

Picking up on this debate, in his latest note the ever skeptical Albert Edwards writes that one question that bothers him "is whether this recovery should really be considered a new economic cycle or merely a continuation of the old one, briefly interrupted by the pandemic" a view which we wholeheartedly agree with.

As Edwards explains, normally in a recession, especially at the end of a record long 130-month cycle like the one we saw up to February last year, excesses like too much leverage are purged and there is a sort of reset.

Edwards writes that while discussing his business cycle observations with his colleague Jitesh Kumar, he noticed "something shocking" - in its latest forecast, the Congressional Budget Office(CBO) have massively revised their calculations for the US output gap which as Edwards explains, "suggests US inflationary pressures are far hotter than previously thought."

See Chart:

US output gap forecast from CBO

https://cms.zerohedge.com/s3/files/inline-images/cbo%20output%20gap%202.jpg?itok=xJmExlM7

This is an observation also made by Morgan Stanley over the weekend, when the bank's Chief Cross-Asset Strategist Andrew Sheet noted that this has been a remarkable cycle in that we went from Downturn to Repair and then directly to Expansion without spending the requisite 35 or so months in the Recovery phase.

See Chart:

US Cycle Indicator

https://cms.zerohedge.com/s3/files/inline-images/US%20cycle%20indicator_2.jpg?itok=8B64DpZ7

So going back to the Edwards note, he points out that similarly, "the CBO have had a total rethink and believe the economy will be operating 2% beyond full capacity as early as Q1 next year!" Edwards explains that "if unemployment follows its traditional close correlation with the CBO output gap, we could reach record low levels of unemployment far sooner than anyone expects."

See Chart;

What does the CBO output gap imply for unemployment rate?

https://cms.zerohedge.com/s3/files/inline-images/cbo%20output%20gap_0.jpg?itok=WoZUgAff

Continue reading and see more charts at:

SOURCE: https://www.zerohedge.com/markets/albert-edwards-notices-something-shocking-transitory-vs-persistent-inflation-debate

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MERRILL GOLD TRADER'S CHAT EXPOSES "HOW EASY IT IS" TO MANIPULATE METALS MARKETS

“This is real money.” [ See nice Chart ]

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US DOMESTIC POLITICS

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

NUCLEAR ENERGY: SYSTEMIC RISK OR CLIMATE CHANGE CURE

...nuclear energy has saved an estimate two million lives by replacing coal-fired and other high emission energy generation...

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VICTOR DAVIS HANSON: THESE AREN'T THE DEMOCRATS OF OLD

In the old days, Democrats had predictable agendas, supposedly focused on individual rights, the "little guy", and distrust of the military-industrial-intelligence complex...

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Los guerreristas tienen quien les cante canciones de paz

REPUBLICAN HAWKS WANT TO INCREASE BIDEN’S 2022 MILITARY BUDGET BY $25 BILLION

Due to what the Pentagon has deemed the top "pacing threat"

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MONTANA ATTORNEY GENERAL PROVIDES LEGAL BASIS FOR REJECTING CRITICAL RACE THEORY: ACTIVISTS

The driving force behind CRT and antiracism is the complete and total acceptance of a specific worldview...

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SECESSIONIST, BORDER REALIGNMENT MOVEMENTS GAINING TRACTION IN US

We are being crushed by 180,000 pages of federal laws, rules and regulations every single day...

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Thanks to Roe v. Wade this Mississipp AG is alive

MISSISSIPPI AG ASKS SUPREME COURT TO OVERTURN ROE V. WADE

"The Constitution does not protect a right to abortion..."

….

Keep abortion safe and legal, said woman

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NORTH CAROLINA STATE BOARD OF ELECTION DENIES AUDIT REQUEST

"We've hit a wall..."

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WHO WILL OWN ECONOMIC POPULISM? BIDEN'S NEW COMPETITION ORDER, ANTITRUST POLICY AND THEIR FUTURE

“This is from the Biden Administration?”

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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

Hay odio entre los dos bandos terroristas. Cuando se darán la mano

TALIBAN BOASTS CONTROL OVER 90% OF AFGHAN BORDER AREAS

Latest 'situation maps' show astounding territorial gains just this past month

….

Cuando se den la mano, los Rusos pierden

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UK'S SENDING 2 WARSHIPS TO JAPAN INFURIATES CHINA - WARNS AGAINST "FLEXING MUSCLES"

Think about that for a moment. Two vastly-expensive pieces of military equipment, full of US-made F-35s, and British sailors and sausages, kept on the other side of the world.

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"SABOTAGE, DISRUPT, DELAY": MOSSAD REPORTEDLY PLANNING EXPANDED STRIKES ON IRAN'S NUCLEAR FACILITIES

The purpose of the operations is not solely military, but also to "humiliate the Iranians" & harm their morale... giving them the feeling of being powerless to stop them.

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SPUTNIK NEWS : https://sputniknews.com/

- Protests Against Olympic Games Hit Tokyo

- Dems Accuse FBI of Ignoring Tips on Supreme Court Justice Kavanaugh Amid 2018 Sex Assault Scandal

- West Trying to Create Instability Belt Around Russia, Foreign Minister Lavrov Says

- Security Forces Speed Up Anti-Terrorist Operations in Kashmir Ahead of India's Independence Day

- UK Exempts Essential Food Supply Workers From Self-Isolation Amid 'Pingdemic' Fallout Fears

- Biden Town Hall; Taliban Insurgents Control About Half of Afghanistan's District Centers

- Nord Stream 2 Deal; Americans Crushed by Medical Debt; Protecting Wild Horses

- Joe Biden Says He's in Favor of Banning Handguns

- Dr. Jared Ball Dissects Academia, Black Capitalism & Cult of Celebrity

- Japanese Emperor Receives World Leaders, US First Lady Ahead of Olympics Opening