OCT 24 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 1
Remember when Gordon Brown sold Britain’s gold right at the bottom of the market?
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Quick news 2
Paul Tudor Jones: "My bet is [The Winner] will Be Bitcoin" Over Bonds
Cryptocurrencies like bitcoin have few fans in Washington, but supporters remain undeterred.
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Quick news 3
What Will Drive Gold Prices The Next 70 Days- Analysis
These 4 things Will Drive Gold Investment Flows for Rest of 2021
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Jim Bovard: Down With Fraudulent 'Fair' Trade
Authored by Jim Bovard via The Libertarian Institute,
The myth of fair trade is that politicians
and bureaucrats are fairer than markets
The Biden administration is embracing the same flawed "fair trade" mantra that previous administrations used to sanctify protectionist policies. Biden’s team has "largely dispensed with the idea of free trade as a goal in and of itself," the New York Times reported. US Trade Representative Katherine Tai recently touted the Biden administration’s plans to "shape the rules for fair trade in the 21st century." What could possibly go wrong from such a lofty aspiration?
Thirty years ago, my book The Fair Trade Fraud was published by St. Martin’s Press. That book exposed fair trade as one of the great intellectual frauds of modern times. It is also a moral delusion that could lead to endless conflicts and an economic catastrophe.
Read more at:
SOURCE: https://www.zerohedge.com/economics/jim-bovard-down-fraudulent-fair-trade
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Here d super-rich in a nation devastated by explosive inequality: D 100 Bill Dollar Club
Who Will Join The 100 Billion Dollar Club Next?
by Tyler Durden
...the $100 billion club the equivalent of the global 0.0000001 percent...
See Chart:
https://www.statista.com/chart/25955/billionaires-dollar-100-billion/
Image link at: https://cdn.statcdn.com/Infographic/images/normal/25955.jpeg
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SOURCE: https://www.zerohedge.com/personal-finance/who-will-join-100-billion-dollar-club-next
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Is Stagflation Here: Comparing The 2020s With The 1970s...
Things were very bad in the 1970s. Are they about to get even worse? Read on for a comprehensive compare and contrast between the stagflation of the 1970s and what we are living through
Deutsche Bank posed a tricky dilemma for the Federal Reserve. Although the inflation rate was high and rising, unemployment was also climbing at the same time. So hiking rates to deal with inflation risked exacerbating the unemployment situation. This scenario is completely unlike what happened after the GFC in 2008, which was a big deflationary shock, making it clear which way the Fed needed to move rates.
At the time, the view was that the embargo was a structural shock that monetary policy couldn’t affect, so it should therefore look through such a transitory factor (this should ring a few bells). For a fly-on-the-wall view, Stephen Roach, said that Fed Chair Burns argued that as the shock had nothing to do with monetary policy, the Fed should exclude oil and energy-related products from the CPI index for its analysis. Roach then said Burns insisted on removing food prices in 1973 after unusual weather. This too should ring bells... and alarms.
The exclusions of these “transitory” factors became so extreme that Roach estimates that only 35% of the CPI basket was left. By the middle of the decade this series itself was then rising at a double-digit rate. You can get a sense of how loose policy was here by looking at the real Federal Funds rate, which moved into negative territory as a result of the oil shock. Interestingly, the real rate is now even lower than it was at any point in the 1970s.
See Chart:
To be fair to the Fed, at the start of the energy shock it would have been tough to know how the situation would develop. The record from the December 1973 Fed meeting says: “On balance, the Chairman concluded, he believed that some easing of monetary policy was indicated today, but that it should take the form of a modest and cautious step. He was aware of the possibility that the oil embargo might not last more than another few weeks. On the other hand, the embargo might last another year.” So although we can view events with a detached level of hindsight, with the knowledge of how they played out, they were living through this in real time.
As it happened, the embargo lasted until the following March, but the long-term effects are still with us today. The shock had revealed the dependence of the United States and others on foreign oil, so an emphasis was placed on reducing that dependence.
As Figure 4 shows, US inflation did come down again once the worst of the first oil shock had passed. But it only fell back to around 5% before picking up again, whilst monetary policy still remained fairly accommodative to deal with high unemployment (Figure 5), which in December 1976 stood at 7.8%.
See Charts:
https://cms.zerohedge.com/s3/files/inline-images/US%20CPI%20inflation_0.jpg?itok=VVjfk_i4
Fast forward to today and although there isn’t the same level of political concern, the Fed have recently undertaken a dovish shift following their recent policy review. Their move towards average inflation targeting is an explicit acknowledgement that they’re willing to accept above-target inflation to make up for past undershoots.
Furthermore,
they have adopted a much more tolerant view on the risk of
inflationary pressures from low unemployment, and officials regularly discuss
distributional issues such as economic performance for those on low incomes or
minority groups. So it’s clear that the Fed’s reaction
function has changed relative to where it was just a few years ago.
1979: The Second Oil Shock
Comparing the 1970s and the 2020s: can we expect a repeat?
Some factors like demographics or globalization indicate that there are much greater inflationary pressures today. But others like declining union power and lower energy intensity are pointing in the other direction.
READ MORE ON THESE FACTORS:
1. Monetary Policy
2. Debt
3. Demographics
4. Globalization
5. Energy Reliance
6. Union Power
7. War, Geopolitics and Climate Change
8. The lessons of history
What can we learn from this?
So we approach this question with some humility. But we do think it worth noting that many factors like debt, demographics and globalisation all indicate that we could be facing an even more difficult situation than we saw back then. And the monetary aggregates have also seen a much more rapid increase as well. So policymakers will need to be vigilant for a potential repeat, particularly given that the institutional memories of high inflation have faded over time.
The full Deutsche Bank report is available to pro subs.
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SOURCE: https://www.zerohedge.com/markets/stagflation-here-comparing-2020s-1970s
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Treasury Secretary Says US Not Losing Control Over Inflation As Twitter CEO Issues Dire Warning
“Hyperinflation is going to change everything. It’s happening,”
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The BANK & Govt go hand on hand to lie? I HOPE NO!
by Tyler Durden
There is roughly $18B worth of global equity demand per day, every day this week, according to Goldman's calculations.
Last weekend we published a note by Goldman flow trader, Scott Rubner, who explained why despite a huge wall of worry which included such worries as a stagflation, China property bust, China slowing, Covid, tapering, corporate margin fears, snarled supply chains, energy, rate hikes, global growth slowing, higher rates, etc, stocks would melt up for a handful of simple reasons including a flood of buybacks and equity fund inflows, collectively amounting to roughly $8 billion per trading day, muted buyside sentiment, gamma flipping positive, a buying thrust from Vol Control funds and favorable seasonals.
In retrospect, and with the S&P hitting new all time highs just a few days later, the Goldman trader was spot on.
Fast forwarding one week, some may ask if Goldman's enthusiasm has tapered. The answer, as the flow trader wrote in his latest Tactical Fund Flow note, IS NOT AT ALL and instead Rubner is doubling-down on optimism, once again predicting nothing but meltups for stocks in the weeks to come. If one had to summarize his sentiment with one word it would be FOMO - the money just keeps flowing into stocks as the mechanistic Pavlovian response to just keep buying because the Fed will never let stocks sink proves simply far too strong. As a result, the bank now expects a gargantuan $90 billion in global equity demand for the coming week (more below).
Global Equities logged >$1 Trillion dollars worth of inflows during the last 51 weeks and the start of positive vaccine news. This is the biggest market structure dynamic of the year. For context, the prior best rolling 51 week record was +$250 Billion. 2021 is 4x larger than the next best yearly inflow. I think the equity TINA money flow train keeps charging to close the year and accelerates aggressively in November. I calculate a significant, +$18B worth of non-fundamental equity demand every day this week and this increases with massive November monthly inflows and corporate demand after >47% of the S&P reports next week.
Or:
https://cms.zerohedge.com/s3/files/inline-images/rub1_0.jpg?itok=oGKetnzt
Below Rubner lays out his latest detailed take on why the most likely path for stocks is a continued meltup higher.
- 1. S&P 500 just logged its 55th new all-time high of 2021 after 7 straight gains and highest level since September 2nd. Watch CNBC “boo-ya Jim” headlines.
- 2. S&P 500 logged a new all-time high in every month so far this year and that has only happened one other time since 1928. (2014)
- 3. There have been 15 times since 1928, that the S&P is up >20% or more through October. The median return for the rest of the year (last two months only) is +5.92%, with an 80% hit rate. 2021 would be the 16th time.
See Chart:
Image link at: https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/goldman%20returns.jpg?itok=ntNb_vY5
4. As of Friday, Goldman Sachs Sentiment Indicator, which pulls in 9 positioning indicators, logged the lowest reading (-.9), since May 22nd, 2020 (covid times), which was 73 weeks ago. (SPX was 2,955.45 vs. SPX 4,532.65 currently).
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/sentiment%20is%20low.jpg?itok=WGOHzRzf
See 5, 6 & 7 with interesting charts & comments at:
SOURCE: https://www.zerohedge.com/markets/euphoria-increasing-goldma
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Shadow Inflation: Shipping Costs Are Up Way More Than You Think
Costs are not just about rates. As service quality plummets, effective inflation goes even higher...
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Crypto Market "Dollarization" - A New Secular Tailwind
For the first time this month, open interest in stablecoin-margined Bitcoin futures surpassed that of their crypto-margined counterparts.
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Port Congestion Could Be Worse Than "Lehman Crash", Flexport CEO Warns
"The ports shutting down is worse than Lehman Brothers failing. Both can lead to catastrophic failures of all counterparties..."
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
Majority Of Maryland Parents Oppose Vaccine Mandates For Students, Teachers, Survey Says
"We believe all vaccines should be determined by all parents, guardians and their attending physicians..."
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Illinois Supreme Court Rules Tax On Guns & Ammo Unconstitutional
...violate the state’s constitution because they affect law-abiding citizens’ Second Amendment right to acquire firearms for self-defense.
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"Welcome to day three of 'The Hunger Games,' where we find out who the city is going to offer up as tribute."
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It is Biden who needs HELP
Shock Waves In The Virginia Gubernatorial Election, Can Biden Help?
With 10 days to go before Election Day, Democrat Terry McAuliffe and Republican Glenn Youngkin are locked in a close battle for governor of Virginia...
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"RV Capital Of The World" Sees Influx Of New Residents As Americans Abandon Big-City Living
"...anything under $250,000 still goes very, very fast..."
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I only need 2.5 Mll from him to re-fix my house & publish my book
'The Richest He's Ever Been': Trump Set To Gain Billions In Net Worth On Moonshot SPAC
Up from an estimated $2.5 billion...
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He is going to get more than 2.5 Mll IF my press don’t interrupt his re-election
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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
This Shows Why The Yuan Is Defying Economic Slowdown
...ex pandemic-hit 2020, that would be the slowest growth in more than three decades. Yet the yuan is surprisingly strong...
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Escobar: The World According To Vladimir Putin
Russian president, in Sochi, lays down the law in favor of conservatism – says the woke West is in decline...
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China GDP 5.4% in 2022 enough to be the world leader in Economics
Goldman Cut's China's 2022 GDP To Just 5.2%
"The long-term policy direction such as property deleveraging remains unchanged as evidenced by the latest news on starting property tax trials in select cities"
“China has entered a phase of "temporary stagflation" and the bank cut its 2022 GDP forecast from an already low 5.8% to just 5.4%.”
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10 Years After The Arab Spring: Gains For Democracy?
...some countries have improved their scores on the Economist Intelligence Unit Democracy Index, while hopes of creating a more egalitarian society were quashed elsewhere..
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SPUTNIK NEWS : https://sputniknews.com/
- Denmark Sees Record Infection Spread Despite High Vaccination Rate
- Sudanese Opposition Union Calls on People to Protest Against Military Coup
- 'What's-His-Name?' Nancy Pelosi Appears to Forget Donald Trump's Name
- Israel Going Further With Construction of Over 1,300 Housing Units in West Bank
- Pandemic Will End When World Chooses to End It, WHO Chief Says
- Colombia Getting Ready to Extradite Most Wanted Drug Dealer Otoniel to US
- Forecasters Say US West Coast Should Brace For Huge Subzero Storm
- Tehran Vows Israel Will Suffer 'Thousands of Billions' of Dollars in Damage If It Dares Attack Iran
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OCT 24 2021 PART 2 ND SIT EC y POL SPANISH ++
REBELION
Opin: El lazo económico-financiero de Lasso H López
Ecol: La mercantilización de la atmósfera Gmo Foladori
Video: Por un puñado de dólares https://youtu.be/jjCfNa6eIpc
España: Impunidad, miedo y silencio: en sexual J Pichel
Robin Wood: La más bella locura M Figueras
ARG: Celebran Día de la Lealtad, como liturgia peronista Rubén A
Ecol: Crisis climática aumenta el hambre de manera exponencial
UE: Eurocámara exige mas protección a trabajadores del amianto
FEM: violencia machista a mujeres mayores: poblem invisibilizado
Chile: El muro de la derecha contra libert d Presos Polític d la Rev
Alem: La libertad de prensa en Alemania R P C
España: La lucha de los presos comunes en la Transición L d la C
Ecuad : Org sociales ratifican moviliz para el 26 de octubre V G
VEN: Alex Saab: grave atropello de EU Á Guerra
África: Nigeria hacia el ocaso del terror? Guadi Calvo
Mund: Declive US vs. China y su auge decolonial Homar Garcés
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RT EN ESPAÑOL
Minist de Información de Sudán: El Gobierno se enfrenta a un golpe de Estado
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Caída de 'Otoniel' no es el fin del Clan del Golfo: quedan 'Chiquito Malo' y 'Siopas' https://actualidad.rt.com/actualidad/408177-jefe-clan-golfo-siopas-chiquito-malo
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las cinco tecnologías que US debe desarrollar para seguir siendo superpotencia
https://actualidad.rt.com/actualidad/408142-cinco-tecnologias-eeuu-deber-desarrollar
Se menciona solo 4: computadoras cuántica, biociencia, semiconductores y syst-autono
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RU está dispuesta a cooperar pero no permitirá que Occidente le "dé lecciones” https://actualidad.rt.com/actualidad/408137-idea-discurso-putin-listos-cooperar-no-permitir-lecciones
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El virus del covid-19 causa muerte de importantes células del sistema vascular cerebral https://actualidad.rt.com/actualidad/408148-virus-causante-covid-provocar-muerte-
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Un inversor en bitcoines gana más de 50.000 dólares en cuestión de segundos https://actualidad.rt.com/actualidad/408183-inversor-bitcoin-ganar-dolares-falla-bolsa
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Descubren en Perú 29 entierros de más de 1.000 años de antig que ayudar a reescribir historia preincaica https://actualidad.rt.com/actualidad/408184-descubren-peru-restos-cultura-wari
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Incluyen a la VP de Perú en una investigación por presunto lavado de activos https://actualidad.rt.com/actualidad/408182-incluyen-vicepresidenta-peru-investigacion-presunto
Es la táctica de la Embajada US para minar legitimidad al nuevo Gbno. Urge cerrar la Embajada y contar relaciones diplomáticas con el US
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'Coche-helicóptero': china crea auto volador que podrá circular por las carreteras https://actualidad.rt.com/actualidad/408174-xpeng-vehiculo-volador-electrico-htaereo
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BRA: Parlamento presenta el informe final De la gest de Bolsonaro sobre pandemia https://actualidad.rt.com/video/408160-comision-investigacion-parlamento-brasil-presenta
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
NO acepto mas de 7 palabras para el titulo. Razón de tiempo:No leo titulus largos
- COVID and Zero Tolerance for the Unvaccinated By Peter Koenig
- The Dangers of Human Gene Editing By Ulson Gunnar,
- Taliban: the Winner at Moscow Conference By M. K. Bhadrakumar
- US: Religious Leaders Urge Biden to End Blockade Against Cuba Var-Aut
- Jerusalem Report: ‘We Are the Lab Rats of the World’ By Ch of Health Def
- Truly Verifiable Facts Surrounding COVID-19? By David Skripac,
- Test Blood Samples to Establish a “Global DNA Data Bank”? By Peter Koenig,
- “Shrink the World’s Population”: Secret 2009 Meeting of Billionaires “Good Club” By Prof Michel Chossudovsky,
‘Big Mistake,’ Says Spike Protein Is Dangerous ‘Toxin’ By Celeste McGovern
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[ZH1]AGE
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