Nueva Democracia: NOV 25 2021 ND SIT ECON y POL Part 1 & P 2

NOV 25 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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Vaccine terrorism back again?

Futures Tumble Amid Sudden Fears Over "Dramatically" New Covid Strain With "Extremely High Number" Of Mutations

Here we go again

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ZERO HEDGE ECONOMICS

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

Peeling The Economic Onion Will Bring On The Tears

Throw in the soaring national debt, the soaring trade deficit, soaring inequality, underfunded pensions, and a few other ugly issues, and tears should be streaming down the faces of all who want to leave the world better off for future generations

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Transitory Is Dead: Goldman Now Expects Fed To Double Pace Of Tapering In December, Hike Three Times In 2022

by Tyler Durden

"We now expect the Fed to announce at its December meeting that it is doubling the pace of tapering to $30bn per month starting in January... We also expect hikes in June, September, and December, for a total of three in 2022."

Less than a month after Goldman capitulated and finally admitted it was dead wrong about its "transitory" inflation thesis - a laughably fragile argument, as just one look at the bank's linearly rising monthly inflation forecasts would immediately reveal...

See Charst:

https://cms.zerohedge.com/s3/files/inline-images/GS%20inflation%20foreacst_2.jpg?itok=WmRRW7qz

... and the bank pulled forward its first rate hike forecast from by one year mid 2023 to July 2022, this morning Goldman has fully thrown in the towel on any pretense that inflation will drop in the next few months (or year).

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/recent%20fed%20commentary.jpg?itok=3LfWIBjh

As a result, after noting that not only the latest FOMC Minutes released yesterday hinted at faster than expected inflation if not outright stagflation, but that Several FOMC participants have signaled over the last couple of weeks that they are open to accelerating the pace of tapering - including Vice Chair Clarida and most recently San Francisco Fed President Daly ...

... the bank concludes that "the increased openness to accelerating the taper pace likely reflects both somewhat higher-than-expected inflation over the last two months and greater comfort among Fed officials that a faster pace would not shock financial markets" - something Goldman's highly paid economists clearly were unable to express until just weeks ago.

So with the Fed now also conceding that a faster taper is in the works, Goldman which was dismally wrong in its Fed forecasts until last month, now expects the Fed to announce at its December meeting that it is doubling the pace of tapering to $30bn per month starting in January.

In that scenario, "the FOMC would announce the final two tapers at its January meeting and implement the final taper in mid-March, several days before the March FOMC meeting"

According to Goldman "The FOMC might say at its March meeting that it is evaluating the impact of tapering and will begin the discussion of rate hikes soon, then hint at its May meeting that a hike is coming soon, before ultimately hiking in June."

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/FOMC%20jun%20hike%20gs.jpg?itok=4X21ick1

In other words, Goldman now expects hikes in June, September, and December, for a total of three in 2022 (vs. two in July and November previously), followed by two hikes per year starting in 2023 (this is completely laughable as the market will crash long before then but let's pretend Goldman knows what it is talking about for once).

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/three%20hikes%20in%202022.jpg?itok=Okr-DFu-

It gets even funnier, because according to Goldman's chief economist Jan Jatzius, there is also an alternative path of hikes at the May, July, and November meetings as a realistic possibility too.

Such an aggressive hawkish view from Goldman - which has been highly bullish on the state of the US economy in 2022 - is understandable, if odd especially when one considers that Morgan Stanley, which has a far more bearish outlook on the US economy in 2022 sees no rate hikes next year whatsoever.

In other words, 2022 is shaping up as a giant clash between the two most notable economist teams on Wall Street - Goldman, which sees three rate hikes, and Morgan Stanley, which sees zero. That's also why as Hatzius concedes, the "largest risk to our expectation of an early liftoff is that some participants might find it hard to square a still-large employment gap relative to the pre-pandemic level with the guidance that the FOMC will not hike until the labor market reaches maximum employment... But we expect the unemployment rate to have fallen to 3.7% by June 2022, and we think that most participants, even many of the doves, will conclude that after a prolonged period in which job opportunities have been plentiful, any decline in the participation rate that remains by the middle of next year is likely to be mostly voluntary or structural."

Actually there is an even larger risk: a recession next year as the economy collapses under its own weight since no more stimmies are propping up the US consumer. The largest risk, however, is a "catastrophic" 10%+ drop in the market which would put an immediate end to any tightening plans the Fed may have and lead to QE and potentially NIRP over the next 12 months. We will be sure to follow up on this post in 12 months to see who was right.

SOURCE: https://www.zerohedge.com/markets/transitory-dead-goldman-now-expects-fed-double-pace-tapering-december-hike-three-times-2022

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US DOMESTIC POLITICS

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

IF US-Empire don’t exist to them (not inversion) they come to where exist. Old Hist

Why The Border Is Such A Problem For Biden... And America

The new woke term is “irregular immigration.” Anything to minimize the problem, sway public opinion, and avoid plain talk...

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IF Dems still insist in vacc mandate rent a car or use train. Don’t give up. Don’t vote D Vaccine Mandates "Not Necessary" For Domestic Flights, Buttigieg Claims

Despite this, many Dems continue to push for vaccine mandates for travelers flying within the US...

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Don’t vote Democrats, vote SOCIALISTS or nullify your vote

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Manufacturing weapons isa nasty in-moral business (genocide) & waste of US money

Nearly 3/4 Of The World's Dictators Receive US Weapons & Military Assistance

Remember this the next time someone tells you the US should do X or Y because such and such a nation is bad...

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Former Obama Doctor: "White House Is Doing Everything They Can To Hide Biden's Obvious Cognitive Decline"

“If anyone needs a cognitive test, it’s this president that we have right now”

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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

Former Pro Calls For "Investigation" After Another Soccer Player Suddenly Collapses

...there has been a “5-fold increase in

sudden cardiac deaths of FIFA players in 2021.”

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All of them vaccinated? IF true, criminal invst on vax owners proceed

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Adama Traore goes down clutching his chest

during Champions League match...

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Those players vaccinates who survive may have strong immune system

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Italian vaccine terrorism… is what big pharma corp wanted in EU & US?

Italy Bans Unvaccinated From Cinemas, Restaurants and Sports Events

the Italian government, led by former ECB head "super Mario" Draghi, has decided to "tighten the screws" so to speak...

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Time for states & Nation to decentralize & nationalize the health system out of the hands of big pharma & time to pay attention to get strong immune system

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UK xenophobic are creating phobia against elites in power: soon they will fall

UK Averse To "Undue" Chinese Influence In Critical Infrastructure: Johnson

when quizzed about Chinese investment in British nuclear power stations

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Former WHO Director Warns Making Vaccines Mandatory Could Cause Riots

...but it’s a “debate we can (or can’t) have.”

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China-USA need each-other. We don’t need is war mongers. Time t dismantle nukes

Nickel, Industrial Metals Rise As China Property Optimism Returns

"For now the bullish mood persists..."

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