Nueva Democracia: OCT 18 2021 ND SIT ECON y POL Part 1 & P 2

OCT 18 2021 ND SIT ECON y POL Part 1 & P 2

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

Quick News:

Inflation Has Finally Arrived... and the Fed Cannot Fix It

BY Phoenix Capital Research

Put simply, inflation is here, and it’s NOT the kind central banks can control.

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Central Banks Will Have To "Pick Their Poison"

by Tyler Durden

"If inflation is stubbornly higher in an era of relatively low structural growth and high debt then life as a central banker becomes the most difficult it’s been for at least 40 years. You can’t solve for all three and will have to pick your poison."

Going back to Deutsche Bank, chief credit strategist Jim Reid wrote that "the Bank of England might be the most interesting developed market central bank at the moment" as this morning we are pricing in around 35bps of hikes this year followed by nearly another 80bps next year. This takes place as respondents to DB's latest monthly survey think they’ll be making a policy error with 45% thinking they are risking being too hawkish versus 20% who thought they might be too dovish, 20% thinking they’d get it about right and 16% not sure.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/institutional%20risk%20db_0.jpg?itok=jgfXRYRg

This, to Reid, highlights how difficult the current set up is where inflation is rising but the growth outlook is murky, especially since there are valid arguments on both sides of the interest rate ledger. Incidentally the risk of a policy error was seen as the other way round for the Fed and ECB in the survey (i.e. too dovish).

Summarizing the dilemma facing the BOE, Reid writes that perhaps ex-Governor Mervyn King’s assertion in 2008 that the NICE (non-inflationary consistently expansionary) era was over was a decade or so too early: "maybe it better fits the current environment. If inflation is stubbornly higher in an era of relatively low structural growth and high debt then life as a central banker becomes the most difficult it’s been for at least 40 years." The bottom line - all else equal - is that central bankers can’t solve for all three and "will have to pick your poison."

So will market pricing materialize?

Well, the silver lining for the BOE, and as shown in the Reid Chart Of The Day below, is that since the GFC, UK futures markets have been repeatedly too hawkish in their expectations. So if traders believe that the post GFC regime survives "then there is every chance that the BoE will have to stop or reverse course before these futures market levels are realized. However if you think something has changed regarding inflation then these forecasts are hardly excessive."

See Chart:

Market expectation of BoE official Bank Rate…

https://cms.zerohedge.com/s3/files/inline-images/maret%20expectations%20of%20BOE.jpg?itok=urJB3dc-

Finally some context: "the BoE has been around since 1694 and base rates were never below 2% in the 314 years before the GFC."

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SOURCE: https://www.zerohedge.com/markets/central-banks-will-have-pick-their-poison

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CNN Accidentally Allows Someone To Tell The Truth On Air

"...the world has gone mad when..."

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Host Brian Stelter made the mistake of allowing former NYT Editor Bari Weiss on air to discuss examples of why the world has gone mad

Stelter's first mistake was having Weiss on his show, "Reliable Sources."

His second mistake was asking her to elaborate on what she means when she says "You know the world has gone mad when..."

"Where can I start? Well, when you have the chief reporter on the beat of COVID for The New York Times talking about how questioning or pursuing the question of the lab leak is racist, the world has gone mad.

When you're not able to say out loud and in public there are differences between men and women, the world has gone mad.

When we’re not allowed to acknowledge that rioting is rioting and it is bad and that silence is not violence, but violence is violence, the world has gone mad," Weiss said.

"When you're not able to say the Hunter Biden laptop is a story worth pursuing, the world has gone mad.

When, in the name of progress, young school children, as young as kindergarten, are being separated in public schools because of their race, and that is called progress instead of segregation, the world has gone mad. There are dozens of examples."

Stelter's third and final mistake was asking Weiss "who" is to blame?

“People that work at networks like, frankly, like the one I’m speaking on right now, who try and claim that it was racist to investigate the lab leak theory,” Weiss shot back, adding later that CNN and the MSM's actions were "disinformation by omission."

Watching Stelter's face alone is worth the price of admission

CNN accidentally let someone tell the truth on air…

Listen Video: https://twitter.com/i/status/1450122050278940673

How did CNN not "lose" her feed halfway through that?

SOURCE: https://www.zerohedge.com/political/cnn-accidentally-allows-someone-tell-truth-air

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The Game Stop Stock:

'Nothing To See Here': SEC Refutes 'Short Squeeze' As Factor In GME Debacle, Blames HOOD & Payment-For-Order-Flow

by Tyler Durden

"it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock."

US equity markets functioned well during January's GameStop chaos, according to a long-awaited Securities and Exchange Commission (SEC) report, proclaiming authoritatively that short-selling was not the main cause of the exponential rise in the 'meme stock'.

See Chart:

GME

https://cms.zerohedge.com/s3/files/inline-images/bfm73B5.jpg?itok=c_eGvMZL

Yep - that's right folks, no short-squeeze at all...

The SEC found in its 44-page omnibus report that, however, that "it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock."

GameStop purchases by those covering shorts were “a small fraction of overall buy volume” and the company’s share price remained high even after the direct effects of such trades should have waned, according to the regulator.

Tell that to Melvin Capital or White Square Capital who were short GME and lost 10s of millions?

Oh and perhaps The SEC should have read this too - how desperate funds used other means to cover their GME shorts.

Continue reading this interesting article at:

SOURCE: https://www.zerohedge.com/markets/nothing-see-here-sec-refutes-short-squeeze-factor-gme-debacle-blames-hood-payment-order

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US DOMESTIC POLITICS

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

CHAOS is not insurrection. but it could provide its environment or context

Chicago Mayor Accuses Police Union Of Trying To 'Induce An Insurrection' Over Vaccine Mandate

Everything is an insurrection now...

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What stupid ignorance There is not ‘marxist bills’ even if designed by a Marxist leader

Gov. Newsom Signs Cultural Marxist Bills

"Unprecedented in both nature and scale..."

….

There are pro-socialist vs pro capitalist bills. The socialist defend the PUBLIC NEED (what the labor & middle classes demand in terms of education, health, house, salary, justice, freedom & democracy) the Capitalist defend THE PRIVATE GREED (his personal or coporate interest including the explosive inequality). Socialism existed 3 centuries before Marx design & Published his Manifesto Communist (1848) . His theory of radical change can be call REV but not ‘marxist bill’. Not even the capitalist buy of justice, freedom & democracy can be called bills, this ‘NORMALITY’ is simply called corruption and fraud.

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Biden & Trump hand on hand: make America dark again

Peabody Energy Earnings Triple As Biden "Makes Coal Great Again"

"We remain optimistic about the future given strong coal pricing and global demand fundamentals."

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The American Dream Is Dead And Bitcoin Has Replaced It

The American dream of owning a home and financial freedom has been killed by the inequality in our legacy system. Does Bitcoin offers a new dream?...

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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

China's US Treasury Holdings Plunge To 10 Year Lows After Dumping In August

...foreign central banks have dumped USTs for 4 straight months...

The big headline was the fact that China dumped over $21 billion of Treasuries in August (the latest TIC data), cutting its overall holdings to the lowest since August 2010...

See Chart:

China holding of US Treasuries

https://cms.zerohedge.com/s3/files/inline-images/bfm7C87.jpg?itok=POM0C5Br

And there's no sign of any unwind in the de-dollarization trade...

See Chart:

Gold Reserve Holding IMF vs US Treasury Reserve Holding (FED Custody)

https://cms.zerohedge.com/s3/files/inline-images/bfm1C6F.jpg?itok=aoWEOEbO

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SOURCE: https://www.zerohedge.com/geopolitical/chinas-us-treasury-holdings-plunge-10-year-lows-after-dumping-august

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SPUTNIK NEWS : https://sputniknews.com/

- Treasury to Use ‘Extraordinary Measures’ Through December 3 to Avoid Debt Ceiling