Nueva Democracia: JUL 8 2021 ND SIT EC y POL Part 1

JUL 8 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

BONDS BID, BREAKEVENS BREAKDOWN, AS DOLLAR, CRYPTO, & STOCKS SKID

by Tyler Durden

Another day, another post-European Close dip-buying panic... but this time it failed to hold...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-07-08_12-09-25.jpg?itok=oOfg2XEF

Overnight headlines from Japan (Olympics/Delta) and China (tech crackdown) started the ball rolling downhill. Small Caps managed to scramble briefly back into the green today but were immediately sold lower. Nasdaq managed to outperform on the day again but all indices were lower...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-07-08_13-00-15.jpg?itok=chW_W5uM

The opening tumble in stocks was the 4th most widespread (in terms of breadth) in history...

See Chart:

NYSE Uptick-Downtick (Low)

https://cms.zerohedge.com/s3/files/inline-images/bfm5AF8_0.jpg?itok=kGzNRdQl

Meme Stocks are having an ugly week but saw some dip buying in the middle of the day today...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm40D3_0.jpg?itok=8A47EME_

Treasuries were bid once again with yields down for the 7th straight day (the longest streak since Nov 2018)...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfmA090.jpg?itok=Ua8xIeFS

With 10Y testing down to 1.24% handle overnight...

See Chart:

UST 10Y Yield

https://cms.zerohedge.com/s3/files/inline-images/bfmBF96.jpg?itok=BPN1qQ8K

Flattening the yield curve dramatically...

See Chart:

UST 2s 30s Yield Spread

https://cms.zerohedge.com/s3/files/inline-images/bfm5134.jpg?itok=wr6wcYGR

And crushing breakevens...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm955.jpg?itok=euQ_a9kj

The dollar had a down day after testing stops from the payrolls spike...

See Chart:

Bloomberg Dollar Index

https://cms.zerohedge.com/s3/files/inline-images/bfm4573_0.jpg?itok=UIDFIUCP

Bitcoin had a bad day, but tested back up from its lows to $33k...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm321A.jpg?itok=09401YHW

Etherum was hit harder on the day...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfmE60A.jpg?itok=Rltv54R_

After a couple of ugly days, oil prices rebounded today on a big crude inventory jump and record gasoline demand...

https://cms.zerohedge.com/s3/files/inline-images/2021-07-08_12-27-12.jpg?itok=Tj3yJNGM

Bond and Oil vols are up notably but so are all asset classes...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfmD335.jpg?itok=HZV7YIyo

Finally, we note that as yields have dropped globally, negative-yielding-debt volumes have picked up once again, supporting gold... but not crypto...

See Chart:

Global Negative Yielding debt ($)

https://cms.zerohedge.com/s3/files/inline-images/bfmEC52_0.jpg?itok=RLMsqvx5

….

SOURCE: https://www.zerohedge.com/markets/bonds-bid-dollar-crypto-stocks-skid

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INFLATION BOMBSHELL: A MARKET-BASED PCE HOUSE RENT MEASURE MAY BE COMING

By Joe Carson, former chief economist at Alliance Bernstein

Assuming everything else equal, a market-based measure of owners' rents would permanently lift the PCE inflation, especially during expansions and the dwindling supply of homes for rent, and put an end to the Fed's elusive chase for 2% inflation. The level of official rates would be markedly higher and sit above inflation rather than below. Could a simple change in the measurement of reported inflation end the decades-long bull market in bonds and equities?

Owners Housing Costs

In its May Survey of Current Business, BEA announced that it planned to include a new current dollar estimate for housing services as part of the annual update to the GDP accounts, using data from the American Community Survey. The article stated that the revisions would affect the current dollar estimates and would not affect the deflators for PCE housing services as they planned to continue to use the CPI rental equivalence measure.

BEA or BLS, in its presentation, agreed "that the rental-vacancy rates influence rents, but that it is not clear how the owner-vacancy rate influences the cost of shelter services for owners." Common sense would tell you that if the vacancy rate is essential in one market, it is equally significant in the other. And it is the relative shift in vacancy rates that drive different rent patterns. Suppose the vacancy rate is declining in the owner's market while stagnant or rising in the tenant market. In that case, one will expect the rental rate in owner housing to be increasing relative to the tenant market. But for the past two decades, the CPI rent series shows the opposite tenant's rents rise faster than owners even with higher vacancy rates.

See Chart:

CPI Rents: Tenants vs Owners. % change- year to year

https://cms.zerohedge.com/s3/files/inline-images/cpi%20rents.jpg?itok=2VisXAE7

A market-based measure of owner-occupied rents would have zero effect on the economy. But there would be spillover effects on the economy and finance as policymakers respond to a permanently higher reported PCE inflation rate. That's because the days of monetary policy trying to achieve a 2% inflation rate would be over and replaced by policymakers attempting to limit the cyclical uptick in inflation. The transition would not be seamless, and the payback in finance could be significant as higher reported inflation increases volatility and risks. Stay tuned.

….

SOURCE: https://www.zerohedge.com/markets/inflation-bombshell-market-based-pce-house-rent-measure-may-be-coming

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FROM LIVESTOCK TO BITCOIN: "LEGITIMACY" & THE EVOLUTION OF MONEY

Only time will tell if this revolutionary asset can overcome the higher-order acceptance afforded to the state by brute force legitimacy.

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WELLS FARGO UNEXPECTEDLY SHUTS ALL EXISTING PERSONAL LINES OF CREDIT, HINTING US ECONOMY ON THE EDGE

The bank's customers will be penalized for the closure of the credit lines, even though they didn't ask for it.

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US DOMESTIC POLITICS

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

IDAHO RESORT TOWN'S WORKERS LIVE IN "TRAILERS AND TENTS" AS THEY CAN'T AFFORD HOUSING

"If you live in Ketchum, there's no shortage of work. There's just a shortage of where you can live."

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Complexity issue:

MAJORITY OF FORMER HOSPITALITY WORKERS REFUSE TO GO BACK TO THEIR OLD JOBS

"Widespread signs of labor shortages are real and reflect longer-lasting factors. While we are confident all three will ultimately be reversed, THAT COULD TAKE MANY YEARS."

….

Si se puede calcular con precisión que es lo que viene si este prob se agrava

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How to protect the immune system is a real science issue. Vaccine reproduce virus…

FAUCI DEFENDS VACCINES AS RESEARCH SHOWS ANTIBODIES DON'T PROTECT AGAINST DELTA

It's just the latest reminder that they don't care about "the science".

….

Fauci is the one who don’t care about science: he moves inside the logic of vaccines as real protector against CV-virus, including the new cepa called DELTA. Science shows that vaccines is a nasty business that caused many deaths. Vaccines only reproduce any virus for the benefit of Farma Corp who get billions in this terrorist business. The real care about virus is to protect the immune system and Fauci ‘science’ said nothing on the how of this issue.

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The nasty private business will continue.. This is a public issue not a private one

PFIZER TO SEEK AUTHORIZATION FOR "BOOSTER" DOSE TO PROTECT AGAINST DELTA VARIANT

"Based on the totality of the data they have to date, Pfizer and BioNTech believe that a third dose may be beneficial within 6 to 12 months following the second dose to maintain highest levels of protection..."

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The act of mourning a friend death or a family person death is a humanity act..

HONG KONG POLICE ARREST WOMAN "MOURNING" JULY 1 ATTACKER WHO STABBED A POLICE OFFICER BEFORE KILLING HIMSELF

The woman showed up to the scene with flowers...and a box cutter.

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That human act of ‘mourning’ is totally independent of the attack to a policy officer (stabbing him) and then to commit suicide. Why he select that stabbed officer for his act? I don’t think is a mere policy brutality that lead his act. Whatever caused the tit for tat, is something that deserve investigation. Does he abused the woman who brought the flowers?. Does the police commit another atrocity to her? Why to silence her by arresting and jailing?. The less she deserve is to be free & get money to get a good lawyer. So far this is a case of ‘misogynous act’ from d police as Institution, if protect the ‘stabbed’ officer.

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TAIBBI: IS "CRITICAL RACE THEORY" THE WRONG TERM?

Are Republicans tilting at the wrong windmill?

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BIDEN DOES NOT NEED A DOMESTIC "TERRORISM" AGENDA UNLESS HE IS ABOUT TO VIOLATE AMERICAN RIGHTS

...it's totalitarianism is disguised as “humanitarianism”. In other words, they are essentially arguing that they must make war on the people in order to protect the people from themselves...

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CONVICTED MURDERER WINS ELECTION TO OFFICE IN DC FROM BEHIND BARS

Caston, 44, has been imprisoned for 26 years after a jury convicted him of first-degree murder in the Aug. 14, 1994, ambush slaying of Rafiq Washington, 18...

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NAMING THE CAPITOL POLICE OFFICER WHO KILLED UNARMED JAN. 6 RIOTER ASHLI BABBITT

...his NAME WAS APPARENTLY DIVULGED AT A HEARING

as the cop who shot Ashli Babbitt.

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SPUTNIK NEWS : https://sputniknews.com/

- Pressed for Time, Pentagon Looking for Installations to Transfer Afghan Interpreters-

- Russia Concerned About Reports That Suspects in Haitian President's Assassination Are US Citizens

- 'Losing Our Common Sense': Social Media Backlash as Chicago to Offer Free Condoms at Public Schools

- Sweden's Leading Daily Launches International Whistleblower Project

- Arrested US Nationals Say Killers Had No Plan to Eliminate Haitian President

- As Israel Detects Spike in COVID-19 Cases, Expert Says Country Should Get Used to Living With Virus