NOV 19 2021 ND SIT ECON y POL Part 1 & P 2
ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco
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Futures Tumble, Oil And Treasury Yields Plunge As Lockdowns Return
Here we go again
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
Oil Crashes To 6-Week Lows As COVID Crisis Re-Awakens
by Tyler Durden
Oil has been declining over the last week
as demand forecasts have been pared back...
This was not supposed to happen!!
COVID cases are soaring exponentially higher across much of Europe, sparking lockdowns in Austria, Germany, Ireland, and calls for lockdowns in Italy and Greece (for now)...
See Chart:
Price changes in Europe & US
https://cms.zerohedge.com/s3/files/inline-images/bfm5C36_1.jpg?itok=WUzopaRL
Cases are also rising in the US, but dominated by 'Blue' states, so the messaging is likely more limited in the media...
See Chart:
COVID Infection (daily change, 7d avg)
https://cms.zerohedge.com/s3/files/inline-images/2021-11-18_13-53-56_0.jpg?itok=0XZ7LjGV
However, the re-awakening of the COVID 'Casedemic' has sparked major concerns for investors, who have dramatically repriced 'stay at home' stocks relative to 'reopening' stocks in recent days...
See Chart:
Get out and party stocks vs State at Home stocks
https://cms.zerohedge.com/s3/files/inline-images/bfmD6DB_0.jpg?itok=Dk7KIZ90CHF
Traditional safe-haven currency Swiss Franc has been soaring recently...
See Chart:
EU RCHF (ind)
https://cms.zerohedge.com/s3/files/inline-images/bfm643F_0.jpg?itok=9Yy2xgXB
"As Covid spreads in Europe and restrictions are strengthened in places in Germany and Austria, there's a general recognition that things may not be going the right way," said Sebastien Galy, a macro strategist at Nordea Asset Management.
"This affects sentiment, both within markets and in households."
This comes as stock valuations are at extremes, he added.
"We had a relief rally from earnings, but now people are concerned about what comes next."
And that has, in turn, smashed into the energy complex as the spread of renewed lockdowns threatens the demand picture for oil. WTI reversed earlier gains this morning as Austria's nationwide lockdown news hit, puking down to a $75 handle for the first time since early October...
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/2021-11-19_4-38-33.jpg?itok=Z0qfnfgT
Global benchmark Brent crude declined 3.4% and traded at $78.48, the lowest level since September.
"Oil has been declining over the last week as demand forecasts have been pared back, OPEC and the IEA have warned of oversupply in the coming months and the US has attempted to coordinate an SPR release with China and others," said Craig Erlam, senior market analyst at OANDA, in a note to clients.
"The market still remains fundamentally in a good position but lockdowns are now an obvious risk to this IF other countries follow Austria's lead," Erlam said, adding that oil prices look more likely than a day ago to slide toward the mid-$70s region, especially if Germany announces similar measures.
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SOURCE: https://www.zerohedge.com/energy/oil-crashes-6-week-lows-covid-crisis-re-awakens
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Futures Tumble, Oil And Treasury Yields Plunge As Lockdowns Return
by Tyler Durden
Here we go again
Having briefly touched new all time highs of 4,723.5 overnight, S&P futures tumbled shortly after Europe opened as a fourth wave of the pandemic in Europe resulted in a new lockdown in Austria and the prospect of similar action in Germany wiped out earlier gains and forced stock markets down close to 1% as it overshadowed optimism about corporate earnings and the economic recovery.
Friday is also a major options-expiry day, which could trigger volatility in equities. Two progressive Democratic senators said they oppose the renomination of Federal Reserve Chair Jerome Powell to a second term, because he "refuses to recognize climate change" joining Elizabeth Warren in urging President Joe Biden to choose someone else.
S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over rising inflation and the Federal Reserve's tightening also kept demand for value stocks low. At 745am Dow e-minis were down 218 points, or 0.609%. S&P 500 e-minis were down 12.25 points, or 0.26% and Nasdaq 100 e-minis were up 68 points, or 0.41%.
See Chart
Emini S&P Futs
https://cms.zerohedge.com/s3/files/inline-images/ES%202021-11-19_7-35-43.jpg?itok=l_cclvl3
READ the full art at:
SOURCE: https://www.zerohedge.com/markets/futures-tumble-oil-and-treasury-yields-plunge-lockdowns-return
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SS benefits SSI
The Fed's Artificially Low Interest Rates Are Eating Away At Social Security
The trust fund is being hit with a double-whammy...
The Federal Reserve has held interest rates artificially low for decades. This causes all kinds of distortions and misallocations in the economy.
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Does this favor political manipulation & fake economy?
We’re going to see the debate on this issues possibly today & tomorrow
“This issue it’s creating quite a problem for the Social Security Administration.
The Social Security Trust Fund, also known as the Old-Age and Survivors Insurance (OASI) Trust Fund, closed fiscal 2021 with a balance of $2.76 trillion. That was down by 2.0% from a year earlier. It was the second annual decline of Trust Fun since 1990. The first occurred in 2018.
The fund balance had strong growth through the 1990s and early 2000s, but began to plateau after the 2008 financial crisis and Great Recession”.
See Chart:
Social Security Trust Fund Balance, $ trillion (Fiscal year through Sep 30)
So, what is causing this dropoff in funding?
OASI invests exclusively in US Treasury securities. It primarily holds what are known as interest-bearing long-term special-issue Treasury securities. The Trust Fund purchases these instruments at face value, and the US Treasury redeems them at face value. The interest from these investments, along with Social Security taxes, funds OASI.
The trust fund is being hit with a double-whammy.
Payroll taxes are down. According to the 2021 Trustees Report, 55 million people drew Social Security retirement benefits at the end of 2020. That same year, 175 million people paid into Social Security via payroll taxes. That was down by 3 million from 2019. Changing demographics will likely continue to shrink payroll taxes unless Congress raises rates.
But the drop in payroll taxes is just one part of the problem.
The other issue is Fed interest rate suppression. OASI’s investment in Treasury securities isn’t kicking out enough interest to keep up with the fund’s outflows.
According to WolfStreet, the weighted average interest rate earned on the securities in the Trust Fund dropped to 2.40% in September. Before the 2008 Financial Crisis, the Fund was earning over 5%.
READ the full article at:
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Boeing Slides After 787 Dreamliner Production Slowed Again
The production slowdown began earlier this week. [ See Chart ]
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By Tyler Durden
what is the pain trade...?
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This Art is not for you, is only for subscribers, said Tyler Durden
In fact, we don’t need it. Nueva Democracia will provide you best INFO
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‘Earnings Grow 19% In Perpetuity’ is utopia: we can’t control inflation & USD is down
This Market Makes Sense... IF & only IF Earnings Grow 19% In Perpetuity
"today’s level would suggest LOSSES of -20% over the next 12 months based on the historical relationship."
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We are running to the precipice: the USD lost it value as reserve currency in the global market. Not even WW3 with NATO, UKUS & Taiwan’ missiles will save us. On the contrary, as soon as one missile cross the border to CH-RU, the US & the whole NATO alliance will be bombed. Read Xinhua & recent RU’ press. WW3 will not have winners, only genocide, climate pollution & total destruct with new pandemics. WW3 will be a suicide for US, not a war business as usual
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If the BBB bill passes, I would wager Powell’s odds improve; if it fails, won’t the Democratic Progressives want some hope and change elsewhere, like the Fed?
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Here's The Names To Watch As Massive Options Expiration Looms
Today's "elephant in the room" for traders is the fact that 41% of SPX gamma expiring today... [ See Chart ]
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
Biden To Transfer Power To Kamala As Oldest US Presid Heads For First Physical
The results of the physical will be made public, the White House has said.
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Biden not only has the Physical issue, the worse is his MENTAL prob: not other way to explain the announced SABOTAGE to the Olympics in China next year. Only stupid people can mix SPORTS- POLITICS that way. Of course Americans will react against it & put down his credibility & legitimacy in politics.
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House Passes Biden's Build Back Better Plan, Sending It To The Senate
by Tyler Durden (11:18am 11/19/2021)
The Senate will now vote on the bill and all 50 Democratic senators are needed to vote for the bill in order for it to pass.
As expected, the Democrat-controlled House has voted through Biden's Build Back Better spending plan in a 220 to 213 vote with every Republican voting against the Bill, and one Democrat, Rep. Jared Golden, voted "no" over the SALT cap provision. It will now be sent to the Senate where its fate remains uncertain and will be determined by moderate Democrats Joe Manchin (WV) and Kyrsten Sinema (AZ).
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The big & terrorist business of Vaccine will continue in USA
Pfizer, Moderna Jump After FDA Clears Covid Booster Shot For Adults
Outright bans across numerous (mostly Nordic) countries due to widespread reports it is causing myocarditis in children and adults? No problem: moments ago the FDA cleared Moderna's Covid-19 booster
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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
Futures, Oil, Yields And Euro Spike After Germany Rules Out National Lockdown
A sharp reversal in sentiment courtesy of Heiko Maas who said "There is no discussion over a comprehensive lockdown.” How long until he is forced to talk it back? [ See Chart ]
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Official Public Health England Data Says COVID Infection Rates Higher In Vaxx'd Than Unvaxx'd
"...this would mean the vaxxed and unvaxxed pose a comparable danger to each other,” writes Shriver. “All Covid apartheid schemes are therefore insensible.”
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SPUTNIK NEWS : https://sputniknews.com/
- White House Asks Pentagon to Scrutinize Military Exercises in Europe
- Hamas Responds to UK Home Secretary's Ban on Palestinian Mov
- Crowd Buzz Outside Kenosha County Court as Jury Acquits Kyle Rittenhouse on All Charges
- Kenosha Jury Rules Kyle Rittenhouse to be Not Guilty on All Counts in Protest Shooting
- As Biden Temporarily Transfers Power to VP, 'President Harris' Rips Twitter Trends
- Dems Urge Biden to Take Greater Action Against Soaring Inflation It is 6% not 2.5%
- White House Changes Tune on J Biden's Relat With Xi Jinping. Are They 'Friends'?
- Russia’s Newest S-500 Missile System Exports to Start in Next Years
- RU Foreign Ministry Slams US Initiative Not to Recognise Possible Putin 2024 Bid
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NOV 19 2021 PART 2 ND SIT EC y POL SPANISH ++
REBELION
Glasgow-Ecol: ¿Podemos ganar la carrera contra el tiempo? Marc V
Chile: Kast y la militarización del Wallmapu, dos caras de la crisis
España: CPT documenta casos de TORTURA en Valencia Enric Llopis
ARG: Macri estaría contento con la bandera US en nuestro país J B
Pto Rico: Lolita Lebrón: No fue a matar, fue a morir por la libertad
Uruguay: La soberanía al mejor postor Nicolás C
ARG: Al borde de la hiperinflación? Mario Hernandez
BRA: El exitoso viaje de Lula por Europa Emir Sader
Chile: “Derecho a vivienda digna” en la nueva Constitución? A L
COL: La fascistización del absurdO Pilar Ternera
Opin: Crónica de un octogenario Jaime Richart
Opin: RU y la Revolución de Octubr Rodolfo Bueno
Cuba: A propósito del surgimiento de las mipymes M Arnau
España: Nonagenarias y antifascistas de hierro M Ligero
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RT EN ESPAÑOL
MX El oro negro de Oaxaca: un regalo envenenado https://actualidad.rt.com/programas/rt_reporta/410801-oro-negro-oaxaca-regalo-envenenado
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BOL: -Hacia otro golpe de Estado en Bolivia? se repiten las protestas contra Luis Arce https://actualidad.rt.com/actualidad/410893-bolivia-senales-golpe-2019-protestas-arce
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US: Declaran no culpable a Kyle Rittenhouse en muertes por disparo en Kenosha 2020 https://actualidad.rt.com/actualidad/410930-declarar-no-culpable-cargos-kyle-rittenhouse
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Austria decreta confinamiento a toda la poblac e introducirá vacunac obligat desd 2022 https://actualidad.rt.com/actualidad/410862-austria-decretar-confinamiento-poblacion-vacunacion
Austria tiene Gob mas ateos que el pa-pa-ncho. No creen que hay que fortalecer el sistema inmunologico con vitamina E-D3 todos los días + ejercicios bajo el sol y nueva dieta full en vegetales y raices (beet) con pocos carbo-hidratos. Austria cree que para limpiar el ambiente hay que olerle los pedos al PAPA Fco que fue un terrorista en ARG: ayudo a implementar el PLAN CONDOR contra el Gob electo de Allende en Chile. El plan condor lo quisieron llevar a todo el sur-latino donde abundan los socialistas, pero les fue mal en Perú: alli volaron el Hotel Tarata donde estaban alojados los mercenarios del US y estos mercenarios jamás regresaron. Austria y el papa viven aun en la edad media o feudalismo. Creen que la vacuna previene y sana de la pandemia. En realidad mato a muchos. Solo sobreviven los que tienen defensa inmunológica.
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- Cross-Canada Protest Movement against $100 Billion Procurement for New Fighter Jets and Warships By Ken Stone
- Biden’s Bounty on Your Life: Hospitals’ Incentive Payments for COVID-19 By Dr. Elizabeth Lee Vliet
- CDC Forced to Admit It Doesn’t Collect Data on Natural Immunity to COVID By Michael Nevradakis
- FDA Asks Federal Judge for 55 Years to Complete FOIA Request for Pfizer Vaccine Information By Chris Pandolfo,
- The Awake Versus the Unawake: When Fear Destroys Common Sense By MB Bose,
- There Is One Place in Cuba Where Torture Occurs By Raúl Capote the illegal U.S. Naval Base in Guantanamo
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DEMOCRACY NOW
Amy Goodman’ team
- Who Killed Malcolm X? Two Men Are Exonerated As Manhattan DA Reveals Details of FBI Coverup
- Angela Davis: “Forces of White Supremacy” Are Behind Attacks on Teaching Critical Race Theory
- “Miseducation”: How Fossil Fuel Lobbyists Push Climate Denialism to Kids in U.S. Schools
- Canadian Police Raid Wet’suwet’en Pipeline Blockade, Arrest 15 Land Defenders
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