NOV 9 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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A "Severe Blast" Of Arctic Air Could Impact US Next Week
"about to play out"
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
"Fair Share"? Here's Every State's Top Tax Rate Under Biden's Massive Spending Bill
by Tyler Durden
This would give the U.S. the highest tax rate in the developed world
If the Democrats' tax-and-spend reconciliation bill is enacted, the average top tax rate on personal income would rise to 57.4 percent, according to the Tax Foundation.
See MAP:
Top Tax Rates on Person Income Would Exceed 50% in All States
Please visit the Tax Foundation website for more details compiled by Alex Durante and William McBride.
"Fair share"?
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by Tyler Durden
... "too much" savings and liquidity... or a very low terminal rate and r*...
For all the focus on inflation, such as today's red hot PPI print which saw producer prices soar at a record pace crushing profit margins, DB's FX strategist George Saravelos writes that "it would be impossible to understand market dynamics this year without highlighting one simple chart: the US ten-year real rate, stuck at record all-time lows."
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/unnamed%20-%202021-11-09T132553.692.jpg?itok=7L7M0adj
Indeed, when looking at real rates - unlike the relentless surge in breakevens - it is as if nothing has happened this year and goes a long way to explain incredibly benign global financial conditions despite multiple macro and market shocks, most recently a massive re-pricing of global front ends.
See Chart:
Low real rates dominate the macro-paradigm: US 10Y real rates: -1%
https://cms.zerohedge.com/s3/files/inline-images/10Y%20real%20rate%20nov%202021.jpg?itok=pz3yjTIj
What is the cause? Here Saravelos doesn't agree with the argument that it's central bank dovishness as almost all central banks in EM and DM have surprised hawkishly this year and if the market was so dependent on QE flows, the reaction to faster tapering programs should have been bigger.
It must - the strategist suggests - then follow, that something else is going on.
Here, Saravelos reminds his readers that over the last few months he has emphasized the role of global excess saving and a low terminal rate in driving market dynamics, evidenced in multiple indicators: huge bank buying of treasuries recycling consumer deposits, consumer confidence indicators pointing to high precautionary saving and late-cycle behavior, a smaller than expected widening of the US trade deficit pointing to Ricardian offsets to the fiscal stimulus, curve inversions in EM and the UK, and an evolving supply shock that is negative for growth and pushes down terminal rates.
It follows from the above that last week's Fed meeting "is unlikely to matter much" and indeed, real 10Y yields have only continued to slide despite the Fed's formal announcement of a taper.
- First, because the tapering timeline has been incredibly well flagged so there would need to be a huge change for it to surprise.
- Second, because the market is already pricing a high chance of Fed hikes before tapering even concludes and financial conditions have proven impervious to front-end repricing anyway.
Rather than the Fed (and indeed the outlook for inflation), the DB strategist argues that the most important question for the market is identifying the driver behind incredibly low negative real rates.
If the answer is "too much" savings and liquidity, it implies front-ends will have to go much more to tighten financial conditions.
On the other hand, if it is a very low terminal rate and r*, it implies the tipping point towards slowing growth is closer than assumed, in other words the Fed is tapering - and tightening - into a recession as we wrote in June.
Over the course of the year, DB has attributed market dynamics to both factors; but as 2022 comes in to view, Saravelos writes that "more precisely assessing the relative importance of the two is going to be critical for the market outlook."
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This was expected: our billionaires used to kill USD, now Asian used too: bye bye USD
Mastercard Launches Bitcoin Payment Cards in Asia-Pacific
The card giant partnered with three bitcoin service providers in the region to enable consumers to spend BTC anywhere that accepts Mastercard
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So far we got the impression that our ‘nice Ec’ benefit all Nation: Falso: only rich got R
Americans Are The Most "Miserable" In Decades [ See Chart ]
By Tyler Durden
High inflation and weak growth in the election year hurts the party in control of the White House, and there is a tendency for the incumbent party to do poorly in the midterms regardless of the economy.
New York Times summarized the foul mood Americans are in as follows “Americans Are Flush With Cash and Jobs. They Also Think the Economy Is Awful,” and lays out his view as to why this is happening. In a nutshell:
- The growth outlook is very strong, but this is offset by the first serious bout of inflation in decades.
- The “misery index”, a simple sum of the unemployment rate and consumer price inflation, has moved sharply higher.
- This "misery" is expected to fall in the months ahead as easing supply constraints lower both unemployment and inflation.
First, a quick primer: since the late-1960s, Arthur Okun created a simple statistic to capture the cost of stagflation. His “misery index” simply added the unemployment rate to headline inflation. Over time the index dropped off the radar screen, but in the past year it has staged a dramatic comeback.
See Chart:
Misery Index: inflation plus unemployment rate %:
https://cms.zerohedge.com/s3/files/inline-images/misery%20index.jpg?itok=NAckmiMs
Putting the index in context, after today's record PPI print tomorrow consensus expects year-over-year CPI inflation to rise from 5.4% to 5.9% for October, more than offsetting the drop in the unemployment rate, and boosting the misery index to 10.5%. That, according to Harris, is the highest in recent decades, outside of a couple years around the Great Financial Crisis, and the 1990 recession and oil price spike.
On the political front, BofA notes that a standard model of elections includes three variables: high inflation and weak growth in the election year hurts the party in control of the White House, and there is a tendency for the incumbent party to do poorly in the midterms regardless of the economy.
As BofA concludes, if these models are correct, then Democrats may be in better shape by next fall when the misery index is expected to dip, although as Harris admits, "split government is probably still the most likely outcome."
SOURCE: https://www.zerohedge.com/markets/americans-are-most-miserable-decades
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Goldman: "Start Thinking Like 1999. Watch Your Shorts. This Is A No Rules Market"
"many investment analysts that graduated university past the year of 2009 have not really seen sustained equity market violence like this"
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
Critical Theory -including ACR- speak on spiral madness, not closed circles
Virginia's Become 'Ground Zero' For Backlash Against Critical Race Theory Madness
"CRT allows no escape from its closed circular argument..."
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Virginia start getting effects of their mistake & it could be worse..I hope NO
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I used nasal spray every day -once a day plus vitam E & D3 ++- and I’m pretty fine
Feds Seek To Block Promotion Of Nasal Spray Against COVID-19
The commission is "flat out lying"...
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Is this fraud or just regular business -RB- from millionaires? If RB, Musk was right
Michael Burry Claims Musk Selling Tesla Shares To Cover Personal Debts
Burry also drew comparisons between
today's market and the Dutch Tulip bubble.
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Does the Tulip bubble apply to this case?
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Aaron Rodgers Takes 'Full Responsibility' For Comments On Vaccination Status
"I’m going to go back to do what I do best, and that’s playing ball."
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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
Two truths: 1 US placed dangerous weapons in Taiwan. 2 CH drills: far away f Taiwan
PLA's Eastern Theater Command placed on "high alert" - vows to "strike back" at any provocation...
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One more truth: 3rd Taiwan was & is part of ‘autonomous state’ of CH. US’ zero relation w Taiwan: just nasty war-imperialism.. better take-save all US soldiers!
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US Inflat will be worse in 2 year (top US business admitted) then CH-RU tit xTat will be
Infrastructure: What's The Bang For The Buck?
Although long overdue given the state of US infrastructure, it will hit the economy at a time of full employment and after a couple of years of high inflation. This means that the bang for the buck will be substantially eroded.
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Taliban got the expected support from CH (it include RU). We totally lost the war there
Taliban Inaugurates "Islamic Emirate Army" With Largest-Ever Convoy Of US Armored Vehicles
Helicopters could also be seen flying
over what seemed an endless line of US MRAPs...
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At least we make our contribution to Afganistan’ independence: US weapons
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There is not ‘Vacc adquired immunity’: it create lethal dependen & millions of deaths
Naturally-Acquired Immunity Versus Vaccine-Acquired Immunity
Science and public policy seem to disagree over which one is better..
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Vacc also create the terrorist exclution of non-vaccinated & new billin-peste
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SPUTNIK NEWS : https://sputniknews.com/
- Could Post-Brexit Row Over Northern Ireland Protocol Trigger Repetition of The Troubles?
- US Media Watchdog Grades Big Tech Average 'F' Over Suppression of Free Speech My: A+
- Prince Harry Says Wrote to Twitter CEO About ‘Allowing a Coup’ Just Day Before January 6
- Travis Scott 'Absolutely' Should Have Stopped Show As Chaos Unfolded
- Biden, Xi to Hold Virtual Summit Next Week, But Not ‘Seeking Specific Deliverables’
- Durham Indictment Is ’Bad News’ For Those Media Outlets That Peddled Steele Dossier
- US, Moderna in Dispute Over Vaccine Patent Rights
- Russia's Gamaleya Center Developing Medicine Containing Antibodies to Treat COVID
- Dozens of US Navy Seals File Lawsuit After Being Denied Relig Exempt for Vaccine Mandate
- Biden Admin. Sending Court Docs to 78,000 Migrants Who Were Not Processed at Border
- Taiwan’s Defense Ministry Reveals More Than 600 US Troops Visited Island Since 2019
- US House Committee Subpoenas Former Trump Aides Miller, McEnany in Capit Riot Probe
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NOV 9 2021 PART 2 ND SIT EC y POL SPANISH ++
REBELION
- La historia de la humanid está hecha de migrac sucesivas” A Bardon
Econ: Ciencia y capitalismo en tiempos de covid Laura Nuño d la Rosa
COP26 : Más de 500 grupos de presión de petróleo, carbón y gas M C
Nicarag: ¿Recuerdas cuando conmemorábamos el 7/11? JC. Gambina
ALC: Estadísticas de género para sustentar políticas públicas Elda M
Cuba: La Coubre: un sabotaje a la Rev cubana E Llopis
ARG: Milei y el “halcón” Macri Daniel Campione
Cuba : Socialdemocracia en Cuba? Fracaso anunciado Néstor Kohan
MX: Reforzar paridad en todo de cara a la reforma electoral, M M
US: El «impuesto global» del 15% de Biden y 40 años de «juego sucio
África: El Magreb en llamas Tomás F. Ruiz
Mund: La agricultura aumenta en el mundo, pero también el hambre
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RT EN ESPAÑOL
Declaración de guerra? Colombia tachar a Irán (desde Israel) como "enemigo común" https://actualidad.rt.com/actualidad/409805-declaracion-guerra-polemica-colombia-iran-enemigo
Lo que digan los mercenarios de COL no vale nada en la Historia política de Latin-Am
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Chile rechaza un cuarto retiro anticipado de los fondos de pensiones: ¿y ahora qué? https://actualidad.rt.com/actualidad/409801-voto-senado-chile-rechazar-proyecto-cuarto-retiro
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China efectúa un patrullaje de combate tras visita a Taiwán de una delegación USA https://actualidad.rt.com/actualidad/409806-china-realizar-patrulla-delegacion-estadounidense-visitar-taiwan
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Militares iraníes interceptan drones de EE.UU. cerca del estrecho de Ormuz https://actualidad.rt.com/actualidad/409747-militares-iranies-interceptan-drones-estadounidenses
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Tesla pierde millones de dólares ante los planes de Musk de vender parte de acciones https://actualidad.rt.com/actualidad/409836-capitalizacion-bursatil-tesla-reducirse
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Bill Gates: el mundo no estaba preparado para la 1ra y reclama inversión para enfrent la próxima https://actualidad.rt.com/actualidad/409772-bill-gates-afirmar-mundo-no-preparado-pandemia-mayor-inversion
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"Chiquito parecía un perro": familia peruana descubre que le vendieron un zorro como mascota https://actualidad.rt.com/viral/409819-familia-peruana-sorprenderse-vender-zorro-mascota
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CROSS TALK https://www.rt.com/shows/crosstalk/
Max and Stacy look at the economics of rug pulls and what that may look like on a global economy wide scale. In the second half, Max chats to market analyst and Levy Institute researcher Marshall Auerback about inflation, shortages, and money printing.
SOURCE: https://www.rt.com/shows/keiser-report/539693-economics-rug-pulls-inflation/
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies
- The New Financial Weapons of the West By Manlio Dinucci
- European Response to Poland-Belarus Migrant Crisis Is Hypocritical By PAntonopoulos
- Great News: Biden’s Vaccine Mandate Is Falling Apart! By Rep. Ron Paul,
- Operation Barbarossa, Nazi Germany’s Economic Exploitation of the USSR By Sh Q
- Don’t Vaccinate Kids: Urgent Message from Doctors’ Summit By Mary Beth Pfeiffer,
- Russia’s Weak Economic Presence in Africa. A Review By Kester Kenn Klomegah
- Why’s the US Manufacturing Another Crisis in Nicaragua? By Andrew Korybko,
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VOLTAIRE NET ORG https://www.voltairenet.org/en
by Thierry Meyssan
SOURCE: https://www.voltairenet.org/article214630.html
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DEMOCRACY NOW
Amy Goodman’ team
-WAR Helps Fuel the Climate Crisis as U.S. Military Carbon Emissions Exceed 140+ Nations
- Julian Assange’s Fiancée Stella Moris: WikiLeaks Helped Expose Climate Change Hypocrisy & War Crimes
- Julian Assange’s Fiancée: U.K. Blocking Our Attempt to Marry While He Is Tortured in Belmarsh Prison
- “We Are Not Responsible”: Youth Climate Activists Rally in Glasgow to Demand World Leaders Act Now
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