SEP 18 2021 ND SIT ECON y POL
Part 1 & 2
ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco
Health :
Antibody Treatments For COVID Work. Why Aren't They Being Promoted?
Authored by Mark Glennon via Wirepoints.org
It’s perhaps the most effective way to save your life if you are infected with COVID-19, but probably the least known. It reduces the risk of even being hospitalized by 70% to 85%, though it must be administered early to be effective – within four days of infection. Lives probably are being lost unnecessarily because people don’t know about it.
Health authorities for months back should have been issuing this message constantly: “Immediately after being exposed or you have COVID symptoms, get tested and ask if an antibody treatment is right for you.”
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/regen-300x234.jpeg?itok=BVG4hiDz
Too bad because we will never know how many lives might have been saved...
SOURCE:
https://www.zerohedge.com/covid-19/antibody-treatments-covid-work-why-arent-they-being-promoted
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
by Tyler Durden
"There is no “puzzle” in the way global bond markets are behaving and it is entirely possible for yields to fall as inflation pressures rise."
Back in June, we explained that the reason behind the market's shocking response to the Fed's hawkish policy announcement when yields plunged instead of spiking higher, had little to do with what the Fed would actually do (as every Fed action is now in direct response to the market, which the FOMC is compelled to prop up no matter the cost) and everything to do with the market's read of r-star, and we quoted DB's head of FX strategy George Saravelos who said that everything that is going on "boils down to a very pessimistic market view on r*" or in other words, the same argument we made 6 years ago when we predicted - correctly - that the Fed's hiking cycle would end in tears (as it did first in November 2018 when the Fed capitulated on its hiking strategy after stocks plunged, and then again in Sept 2019 when the Repo crisis forced the Fed to resume QE).
The bottom line, for those who missed our lengthy take on this complex topic is that the equilibrium growth rate in the US, or r* (or r-star), was far far lower than where most economists thought it was. In fact, as the sensitivity table below which we first constructed in 2015 showed, the equilibrium US growth rate was right around 0%. This means that each and every attempt by the Fed to tighten financial condition will end in disaster, the only question is how long it would take before this happens
See Chart:
US Equilibrium Real Interest Rate: TOTAL DEBT to GDP RATIO
Today, we won't recap the profound implications from Powell's huge policy error which we laid out previously (we suggest readers familiarize themselves with our recent work on the topic published in "Powell Just Made A Huge Error: What The Market's Shocking Response Means For The Fed's Endgame"), but we will touch on a recent blog by Deutsche Bank's Saravelos - who unlike most of his peers on Wal Street, has a clear and correct read on what is currently going on in the market - and to help clients comprehend what's actually going on, he has penned a simple framework to understand current market behavior. As Saravelos puts it, "there is no “puzzle” in the way global bond markets are behaving and it is entirely possible for yields to fall as inflation pressures rise."
As Saravelos explains, the starting point is that over the last six months the global economy has been experiencing a negative supply shock due to COVID. This can be most clearly seen in the incredibly sharp run-up in inflation surprises against the equally incredible sharp run-down in growth surprises.
See Chart:
US data surprise: INFLATION vs GROWTH
https://cms.zerohedge.com/s3/files/inline-images/data%20trends.jpg?itok=_frit0a-
In simple Econ 101 terms, we are experiencing a leftward shift in the global economy’s supply curve. A negative supply shock (permanent or not) does two things: it lowers growth and increases inflation.ation
See Chart:
Inflation rises .. Growth fight (Agregate Demand)
https://cms.zerohedge.com/s3/files/inline-images/it%27s%20simple%20really.jpg?itok=ppxeyXjd
This is exactly what markets have been doing: inflation expectations are close to the year’s highs, but real rates (the closest market equivalent to a measure of real growth) are at the year’s lows
See Chart:
US yield decomposition: Inflation breakevens vs REAL RATES
https://cms.zerohedge.com/s3/files/inline-images/market%20reaction%20db.jpg?itok=bus6sEfQ
Now what is most notable is that real yields have dropped more than inflation expectations have risen. The combined effect has been to lower nominal yields.
As Saravelos puts it, "there is nothing surprising about this, because there is nothing automatic about which effect dominates" and it ultimately depends on consumer sensitivity to rising prices, or in wonkish terms the slope of the demand curve: the greater the demand destruction from price rises, the bigger the negative effect on growth relative to inflation pushing yields down and vice versa. So, what the market is effectively doing, is pricing in substantial demand destruction from the supply shock.
Is this the correct thing to be pricing? Perhaps it is, we have been highlighting this unfolding demand destruction since May, and consumer confidence in the US is collapsing.
See Chart:
The consumer seems extremely sensitive to price rise.The demand curve is very flat
https://cms.zerohedge.com/s3/files/inline-images/consumer%20seems%20sensitive.jpg?itok=1ojlU-Zi
CONTINUE reading and se more charts at:
SOURCE: https://www.zerohedge.com/markets/actually-it-all-makes-sense
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Vaccine & cryptos use similar tactics: capturing the mass media. Does Econ benefit?
JPMorgan: DeFi Adoption By Institutional Investors Surges
by Tyler Durden
The second quarter of 2021 saw an increase in DeFi adoption by institutional investors as more than 60% of all DeFi transactions were over $10 million versus less than half in the broader crypto market
It was a busy week for crypto, with many updates in JPMorgan's weekly notes. Here are the highlights:
- Bitcoin and ether prices rise in the week. The price of bitcoin and ether rose by about 4% w/w and 6% w/w to $48.1K and $3.6K, respectively. This recovery follows the price decline across major cryptocurrencies after a selloff in the last week. The price of ether gained following the news of its co-founder Vitalik Buterin making it to the TIME's 'Most Influential' List.
- Trading volume of major cryptocurrencies decline w/w. The average daily volume (ADV) of Bitcoin and Ether declined by 18% and 21% w/w, respectively, as did volatility. The ADV of Litecoin, Dogecoin and Uniswap also declined during the week.
- At the Senate hearing, SEC Chair Gary Gensler reiterated that most cryptocurrencies, including stablecoins, qualify as securities, which should not be sold without proper risk disclosures. He also said that crypto lending and staking services are likely to fall under SEC’s jurisdiction as lending products come under the securities laws.
The size of the global market increased in the past week, with the global crypto sector’s market cap increasing 2.2% w/w from $2.1 trillion to $2.2 trillion as of 9/16.
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/crypto%20market%20cap.jpg?itok=NN16x2ZW
A snapshot of the key regulatory updates this week:
See Chart:
Key regulatory updates on crypto
https://cms.zerohedge.com/s3/files/inline-images/reg%20updates%209.18.jpg?itok=Y9gbsnq0
It continues to be a busy time for crypto adoption by financial institutions. Among the notable developments:
- Interactive Brokers will start offering cryptocurrency trading and custody services for Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
- Fidelity Digital Assets plans to increase its headcount by up to 70% between April and year-end. It also plans to offer yield funds and other products related to stablecoins or decentralized finance (DeFi) coins.
- The Fairfax County pension funds will invest a total of $50 million in a fund which invests in digital tokens and cryptocurrency derivatives. Earlier this year, the pension funds also invested in a crypto venture capital fund.
- Franklin Templeton is raising $20 million for the firm's first blockchain VC fund. The fund was already raised $10 million from a single sale. The firm is also recruiting engineers in "tokenized asset development department."
There was also a flurry of news on the adoption by non-financial services companies, including AMC Theaters accepting most cryptos, Googles announcing the development of an NBA-linked blockchain, Square joining the open invention network, and Paris Saint Germain announcing crypto.com as its official cryptocurrency partner.
See Chart:
Crypto adoption by non financial services companies
https://cms.zerohedge.com/s3/files/inline-images/crypto%20adoption%20nonfin.jpg?itok=akLkrE00
Continue reading at:
SOURCE: https://www.zerohedge.com/markets/jpmorgan-defi-adoption-institutional-investors-surges
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Goldman: "This Needs To Change Before A Larger Correction Can Occur"
by Tyler Durden
"I did a number of back-to-back zoom calls this week and sentiment was more bearish than I have seen in a very long time..."
Given new market structure dynamics, this needs to change before a larger correction can occur. September already logged a massive +$32B inflows M-T-D (basically a few trading days). Money continues to flow into the market if the dips are small, there is a competition for dip alpha.
1. Global Equities logged +$12.7B worth of weekly inflows during week 36. The magic money tree keeps flowing as retail bought the dip again this week. Week 36 saw inflows into all asset classes, yet again, stocks, bonds, and cash. Issuance paper was absorbed during this week.
See Charts:
1 Global fund flows since 2019
2 Global fund flows since 2009
https://cms.zerohedge.com/s3/files/inline-images/global%20fund%20flows%20sept%2018.jpg?itok=QQnvvm_P
2. Global Equities have logged a massive +$725B worth of inflows YTD or $1.1 Trillion worth of annualized inflows.
** These next two bullets are the most important lines of this whole email.
3. Passive inflows have logged +$606B (~84%) of inflows, while active funds +$120B (~16%) of inflows.
4. For the first time in history, US passive fund AUM has now fully exceeded active fund AUM.
5. USA Passive AUM = $4.636 Trillion (52% of assets) vs. $4.287 Trillion (48% of assets).
6. Global Passive AUM = $7.565 Trillion. This is the first time above > $7 Trillion.
7. Geographically, USA has seen (+$452B worth of inflows) or 63% of flows vs. ROW at 37%.
8. Tech stocks saw 11 straight weeks of inflows. Let's simply call this 2021 dynamic = USA, Passive, large cap, tech. This is new. I haven't seen anything like this in the past. It's made it hard to tactically short the market, and broad indices grind bps higher.
9. Passively Allocated? Passive Inflows = "you give me money, I buy" vs. "you ask me money, I sell". For the past 45 weeks you have not asked for any money and given me a massive +$921 Billion worth of dollars.
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/flows%20peaking.jpg?itok=cqjcqU6Y
10. To summarize, the 10 points above:
- If you allocate $1 into SPY, that means 6 cents into AAPL, 6 cents in MSFT, 4 cents into GOOG/L, 4 cents in AMZN, 2 cents into FB. That is 22 cents of every $1 into 5 stocks.
- If you 10. To summarize, the 10 points above:
SOURCE: https://www.zerohedge.com/markets/goldman-needs-change-larger-correction-can-occur
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
General Milley Downplayed BLM Riots To Prevent Trump From Invoking Insurrection Act
...claimed they were mainly centered around the use of “spray paint.”
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Biden Admin Starts Deporting Haitians From Under Texas Bridge, Fox Foils FAA Drone Ban
"The Biden Administration must recognize this for what it is:
A National Security Crisis."
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California Policymakers Suddenly Agree With Trump That Controlled Burns Make Forests More Resilient
"Prescribed burning is a time-tested solution to this worsening problem"
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Vaccine: a terrorist business: Agst people with possible strong immune system
Debunking Biden's Claim We Must "Protect The Vaccinated From The Unvaccinated"
...it is claimed that vaccines are remarkably effective, and that the vaccinated must also be protected from the unvaccinated. How can both claims be true at the same time? They can’t..
The idea that vaccinated people are being frequently harmed by the unvaccinated is a complete fabrication, based on the pro-mandate crowd’s own mainstream data.
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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
La ‘misogenia’ no la inventaron los Talibanes, la heredaron de dogmas religiosos
Taliban Changes Ministry Of Women's Affairs To Islamic 'Morality Police'
Literally changed the sign on the building to now read Promotion of Virtue and Prevention of Vice...
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En ‘misogenia’ ninguna fe religiosa nos gana a los cristianos. En una Iglesia de Cusco, Perú hay un museo con las torturas a las que fueron sometidas las mujeres. Se las condeno a ser sirvientas del marido. Y este mandato viene de la biblia. En Genesis 4: ‘maldicion de Eva’ Dios le dijo a las mujeres:’multiplicare en gran manera los dolores de tus preñeces, con dolor darás a luz los hijos y tu vida será para servir a tu marido y el se enseñoreara sobre ti”. Aquí nació el odio terrorista a las mujeres Y SU SERVIDUMBRE A LOS HOMBRES. A esto le llamamos MISOGENIA. La mujer peruana NO acepta esa esclavitud. Dicen que a John Wayne (famoso actor del US) su mujer le corto los huevos cuando el traiciono su amor. Ella lo cedo bien 1ro y cuando dormía lo envió directo al infierno. John Wayne No sintió el dolor bíblico y ‘divino’ que si sufrió Eva.
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North Carolina Judges Strike Down Voter ID Law, Claiming It's Racist
...alleging it “was enacted with the unconstitutional intent to discriminate against African American voters.”
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SPUTNIK NEWS : https://sputniknews.com/
- Over 50 London Police Officers Deployed to Oxford Street After Reports of Gunman
- Israeli Security Forces Capture Last Two Fugitives Who Escaped From Gilboa Prison, IDF Says
- French Blindsided as AUKUS Details Were Discussed at G7 Summit Leaving Macron Out
- Biden Administration Worried High-Level UN Meetings Will Become COVID-19 ‘Superspreader’
- Khamenei Pledges Support to Iranian Athletes Who Refuse to Compete With Israelis
France’s FM Says Aware of UK's ‘Permanent Opportunism’, Calls BoJo ‘Fifth Wheel’ in AUKUS
- Iran's Top Nuclear Scientist Was Killed by Weaponized Robot in Long-Planned Operation
- Four Arrested at 'Justice for J6' Rally, No Clashes With Counterprotesters
- Afghan Human Rights Commission Says Unable to Work Due to Taliban Interference
- Facebook CEO Zuck's Vax Promo Scheme Became 'Cesspool' of Misinformation, Minions Warn
- US Air Force Reveals Conditions to Lift Decades-Long Ban on F-22 Raptor Exports
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SET 18 2021 PART 2 ND SIT EC y POL SPANISH ++
REBELION
Nord Stream 2: el mercado se impuso a las extorsiones H López
PAL: Impunidad, injusticia y heridas aún sin cicatrizar
Mund: Pacto diplomático bloquea represent de Myanmar en la ONU
Pand: Democratizar la pospandemia Pedro Brieger
CON-L Cóctel mortal: pand y propiedad intelectual A C
Perú El cadáver de un fracaso Dante Castro
ALC: Paro general en Uruguay, bofetada a políticas de Lacalle L A P
MX: Red Mex de Teatro Comunitario, sus 1eros 100 días S Liera
ARG: Elecciones: Razones y perspect de voto castigo Sergio Zeta
COL: La oligarquía colombiana apoyará una fórmula de “centro”
Cuba: Medidas para perfecc la economía y la sociedad cubana M A
Cuba- Zaida Capote: Urge también que Cuba se salve de sí misma
Ecua: Desfase d Estado y Educ Intercultural Bilingüe I A
Mund: Tres perfiles diferent del imperial dominante Claudio Katz
Mund: El reino de los multimillonarios Nora F y Mario F
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RT EN ESPAÑOL
El choque de París con Australia tras la rescisión del suministro de submarinos https://actualidad.rt.com/actualidad/404395-expertos-consecuencias-graves-aukus-francia
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París: retirada de embajador francés de US muestra "la intensidad de la crisis" https://actualidad.rt.com/actualidad/404432-francia-retirada-embajadores-eeuu-australia
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Culmina la VI cumbre Celac en México: ¿Qué temas trataron y qué acuerdos tomar https://actualidad.rt.com/actualidad/404408-arrancar-mexico-cumbre-celac
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"La mayoría privada de sus derechos para beneficio de criminales de guante blanco" https://actualidad.rt.com/programas/keiser_report/404404-gente-privada-derechos-criminales-guante-blanco
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Nombran a las familias más ricas del mundo y Watson n Walmart encabeza la lista https://actualidad.rt.com/actualidad/404442-nombran-familias-ricas-mundo-encabeza-lista
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US prueba su misil balístico Trident II en el océano Atlántico https://actualidad.rt.com/actualidad/404422-eeuu-probar-misil-balistico-oceano-atlantico
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China bloquea web financieros y a presionar a blogueros que analizan mercados https://actualidad.rt.com/actualidad/404211-china-comienza-bloquear-bitacoras-sitios-financieros
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CROSS TALK https://www.rt.com/shows/crosstalk/
The MMT argument & a green golden rule (E1751)
Max and Stacy look at the loopholes being invented to add more debt to otherwise over-indebted monetary, economic and financial systems. In the second half, Max interviews Pierre Noizat of Paymium.com about proof of work and anti-entropy money.
SOURCE: https://www.rt.com/shows/keiser-report/535124-over-indebted-monetary-loopholes/
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- Experts Accuse CDC of ‘Cherry-Picking’ Data on Vaccine Immunity to Support Political Narrative By Megan Redshaw
- Are These Findings the Death Blow for Vaccine Passports? By Dr. Joseph Mercola
- The Winner in Afghanistan: China By Prof Alfred McCoy
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