Nueva Democracia: SEP 6 2021 ND SIT EC y POL Part 1

SEP 6 2021 ND SIT EC y POL Part 1

ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco

Health:

AUSSIE HEALTH CHIEF: COVID WILL BE WITH US "FOREVER", PEOPLE WILL HAVE TO "GET USED TO" ENDLESS BOOSTER VACCINES

Little hope on the horizon for inmates of ‘prison island’..

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ZERO HEDGE ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

GOLDMAN CUTS ITS US GDP FORECAST FOR THE THIRD TIME IN THE PAST MONTH

by Tyler Durden

"A Harder Path Ahead" - Goldman

One doesn't have to look too hard to find out why: between Friday's catastrophic jobs report, the near record plunge in consumer confidence, the sharp contraction in retail sales where reports have missed expectations for 3 months in a row, whether it is due to the end of stimmies or the recent restrictions from the Delta variant, one bank after another took a machete, or in the case of Morgan Stanley, a nuke to their GDP Q3 forecast, with he bank on Thursday cutting its Q3 GDP to just 2.9% from 6.5% previously.

It got so bad that the NY Fed on Friday unexpectedly announced that it was suspending its GDP Nowcast tracker, as the underlying numbers had gotten so bad volatile, the central bank's economists were ashamed to use them for analysis as the product would have been ugly for the Biden admin:

The uncertainty around the pandemic and the consequent volatility in the data have posed a number of challenges to the Nowcast model. Therefore, we have decided to suspend the publication of the Nowcast while we continue to work on methodological improvements to better address these challenges.

But while the US central bank can pretend away bad numbers as if they simply don't exist - or are "too volatile" - especially if their discussion would impair the fake recovery narrative said central bank is busy constructing, investment banks don't have that luxury, and late on Monday - with the US on holiday - Goldman did precisely what we said it would do last week, and in a note titled "A Harder Path Ahead" published by its economics team, cut its Q3 GDP forecast for the third time in the past month. As a reminder, this is how Goldman reached the "startling" conclusion that the US economy was headed for a brick wall, which we first revealed to our readers back on August 13 when we said that "A Sudden Negative Change In The Economy", something the big banks would then proceed to realize in the coming days, to wit:

· On August 18, Goldman cuts its laughable Q3 GDP forecast from 8.5% to 5.5%, while expecting a "bigger inflation surge" (a clear warning that stagflation is coming), as "the impact of the Delta variant on growth and inflation is proving to be somewhat larger than we expected." Yes, it's al Delta's fault that US consumers were all tapped out, as we warned one week earlier.

· On Thursday, Sept 2, Goldman cuts Q3 GDP estimate for the second time from 5.5% to 3.5%, "to reflect the slower pace of manufacturing and trade inventory growth in July as well as the implications of sharply lower Auto SAAR in August."

· And then just 4 days later, on Sept 6, under the cover of the Memorial Day holiday, Goldman just cut its Q3 GDP forecast for the third time, and while the bank kept its Q3 GDP forecast at 3.5%, it is now starting to cut its outer forecasts, starting with Q4 GDP which it now sees at 5.5%, down from 6.5%, which means that on annual average basis, the bank's GDP growth forecast is now 5.7% (vs. 6.2% consensus) in 2021 and 4.6% (vs. 4.3% consensus) in 2022, but as Goldman's Jan Hatzius notes, "the annual average masks a sharp deceleration to below trend by end-2022."

See Chart:

A delayed service sector Recovery & Inventory…

https://cms.zerohedge.com/s3/files/inline-images/2021-09-06_20-56-21.jpg?itok=DynJ_Fxq

Continue reading and see more charts at:

SOURCE: https://www.zerohedge.com/markets/goldman-cuts-its-us-gdp-forecast-third-time-one-month

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FUTURES RISE, EUROPE AND CHINA BOUNCE WITH US CLOSED FOR HOLIDAY

"Even if the prospect of sustained monetary support is helping to lift market sentiment, today’s session is likely to stay muted but technical," especially given the holiday in the U.S. and lack of macro data releases.

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US DOMESTIC POLITICS

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

THE APPEAL OF CHAOS: HOW POLITICIANS & PUNDITS ARE MISCONSTRUING THE SUPREME COURT'S ORDER ON THE TEXAS ABORTION LAW

The order of the Court expressly did not reach the merits and certainly did not, as claimed, overturn Roe v. Wade. The Texas law is not even the greatest threat to Roe...

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"A BIG EXTENDED FAMILY": OIL BOOM TURNS TINY NORTH DAKOTA COUNTY INTO NATION'S FASTEST GROWING POPULACE

“People come for the work and stay for the community. The only time I think of going back is when it’s 40 below.”

“Our little town just blew up at the seams,” said resident Dana Amon. The empty space Amon remembers as where she used to ride her horses is now "mile after mile of worker camps, shopping centers, subdivisions, hotels, truck yards and warehouses".

See Chart:

The fastest growing counties

https://cms.zerohedge.com/s3/files/inline-images/rojas1.png?itok=3n9rfRcY

The county has been growing non-stop over the last decade, despite the fluctuations in oil prices.

Crude produced in the county was up 1,800% from 2010 to 2014. Over the course of the decade, the county's population more than doubled to over 14,000 residents.

The median age over the county is 30, down from 39 in 2010. Median household income is up 61% to almost $78,000 over the same period of time.

Continue reading at:

SOURCE: https://www.zerohedge.com/markets/were-becoming-big-extended-family-oil-boom-turned-tiny-county-north-dakota-nations-fastest

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ECONOMIC WAR COMES HOME: PORTLAND URGES IMPOSITION OF SANCTIONS AGAINST TEXAS

The infamous U.S. sanction strategy in foreign policy now is now being used to 'deal with' internal issues...

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END OF SUMMER? ABOVE AVERAGE TEMPERATURES THIS WEEK BUT COOLER WEATHER AHEAD

This week, the US Lower 48 temperature outlook forecasts summer is not over for some parts of the country... [ See Chart ]

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OVER 7 MILLION LOSE UNEMPLOYMENT BENEFITS AS PANDEMIC PROGRAMS EXPIRE TODAY

Regular state benefits will continue.

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Take the Police out of vaccine issues. Their interference is Agst the Law

OREGON POLICE AND FIREFIGHTERS SUING GOVERNOR IN RESISTANCE OF VACCINE MANDATE

Trooper already placed on leave for publicly resisting...

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Firefighters involved too… that is ridiculous

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Parental consent broken by billionaires profiting from vaccine

UK MINISTER SAYS MINORS CAN GET COVID VACCINE JAB WITHOUT PARENTAL CONSENT

"So to be clear, the teenager can override the lack of parental consent? If a teenager really wants a jab and is only 15, the parents say no, the teenager can have it?"

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IF one minor dies the Minister should be sued & put in jail

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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

OIL SLIDES AFTER SAUDIS SLASH CRUDE PRICE IN SCRAMBLE FOR ASIAN MARKET SHARE

"Because of the high Saudi OSPs in previous months, traders have diverted to the spot market instead of using long term contracts.”

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US should cut visits to Afganistan, if we care for our people, worse if they install Missils

STATE DEPARTMENT, THEN TALIBAN, REPORTEDLY BLOCKING PRIVATE RESCUE PLANES FROM DEPARTING AFGHANISTAN

"The 6 planes are still on the tarmac at Mazar

-i-Sharif International Airport"