Nueva Democracia: DIC 30 2021 P-B ND SIT ECON y POL Part 1- 2

DIC 30 2021 P-B ND SIT ECON y POL Part 1- 2

ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco

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You defend your life by creating strong immune system: D3 + E vitamin in dinners ++

BUT they fear to use the words ‘immune syst’: the disguised with ‘T-CELLS’

READ: T-CELLS "MINIMIZE" DAMAGE CAUSED BY OMICRON, STUDIES SHOW

The latest scientific research shows the whole framework that has pushed vaccines as the solution might be flawed.

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ZERO HEDGE ECONOMICS

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

The debacle of US Economics:

STOCKS SKID, BONDS BID AS MUSK MULLS IMMINENT RECESSION

by Tyler Durden

...that's not supposed to happen!

Elon Musk predicts a recession by 2023:

"Predicting macroeconomics is challenging, to say the least. My gut feel is maybe around spring or summer 2022, but not later than 2023"

The market also predicts some kind of policy reversion, but more like 3-5 years out...

See Chart:

Inverted ( implies rate-cut)

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_11-20-08.jpg?itok=64ok35Oa

Some late-day selling after Musk's comments ruined the party as The Dow ended its win-streak and the S&P failed to close at a 71st record high for the year. Small Caps desperately tried to hold on to gains...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_13-00-04.jpg?itok=VvH11pY3

Recovery stocks underperformed modestly once again...

See Chart:

Recovery stocks vs Stay at home stocks

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_11-57-11.jpg?itok=k93BCN0Z

Chinese stocks soared today for no good reason today with Nasdaq Dragon up more than 10% - the biggest daily gain since 2008...

See Chart:

NASDAG Golden Dragon Index

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_11-55-07.jpg?itok=7RX8Om2U

Treasury yields all slipped lower today with the long-end outperforming (30Y -4bps, 2y -1bp)...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_12-04-25.jpg?itok=qDHEX0Qi

10Y Remains above 1.50% for now but we note 30Y stalled perfectly at the pre-Omicron level and was bid today...

See Chart:

UST 10Y Yield

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_12-33-36.jpg?itok=bA6wvY3b

The Dollar chopped around today but ended very marginally lower...

See Chart:

Bloomberg Dollar Index

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_11-59-45.jpg?itok=j8r4M5vY

Commodities ended higher with silver back in the green on the week while Oil is easily leading...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_12-01-29.jpg?itok=sc0eOgDF

Finally, a warning. As Bloomberg notes, the S&P 500 hasn’t dipped below its 200-day moving average on an intraday basis at all this year, a feat that has only happened four other times since 1981.

See Chart:

S&P 500 vs 200 DMA

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_12-10-30.jpg?itok=-i5np7Pd

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SOURCE: https://www.zerohedge.com/markets/stocks-bonds-bid-musk-mulls-imminent-recession

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UK is walking on folding knife: a small wrong step & they will be cut & die

HAVE REGULATORS REALLY DEFUSED THE YEAR-END $230 TRILLION LIBOR DERIVATIVE TIME-BOMB?

by Tyler Durden

...akin to "open heart surgery" for the financial system.

Years ago, we predicted that the Fed's commitment to phase out Libor, the interest rate set by committee (not market forces) that had come to undergird trillions of dollars in loans and securities around the world, would ultimately prove unsuccessful.

Now, as the FT points out, it appears we were correct. BUT:

Libor won't be phased out completely by the start of next year. While technically speaking no new securities can be bechmarked to Libor, there's still the matter of the $230 trillion in existing contracts that rely on the benchmark. And the rates that undergird these contracts will continue to be published.

Still, plenty of other Libor rates won't. Only the most popular will survive, according to the FT. So in a way, next month does mark the moment when "four years of arduous preparation to live without it goes into effect."

"It’s one of the biggest transitions in financial markets in decades," said Dixit Joshi, group treasurer of Deutsche Bank.

"This is a milestone for the regulators since the great financial crisis about lessons learned."

But it's not a complete break, which is what the world was promised in the wake of the scandals that inspired the decision.

Much lower in its story on the impending Libor deadline, the FT concedes that, in order to make the transition "work", America's financial regulators had to help build a workaround whereby futures markets based on the US dollar LIbor would need to be allowed to continue on until mid-2023, something we noted a year ago.

As a result, the US dollar Libor rates will continue to be published until that point (and potentially beyond mid-2023, once regulators devise some new excuse for keeping it alive for even longer).

According to one expert quoted by the FT, most people never even believed regulators would make it this far which is...not exactly a vote of confidence.

“If you’d asked anyone at the end of 2017 if this was going to happen by the end of 2021, they’d have laughed at you,” said Sarah Boyce of the UK’s Association of Corporate Treasurers.

Now it seems the skeptics have been partially vindicated.

That scepticism has been partially vindicated. Even as the year began, contracts worth $265tn were still attached to Libor. Embedding an alternative for US dollar Libor has been particularly tricky because it was a new rate. To ease the burden, UK and US authorities have allowed US dollar Libor for existing contracts to continue until mid-2023, although new business is barred after December. The FCA also allowed “synthetic” versions of sterling and yen Libor for a year to wean more stubborn contracts off the rate. Even so, daily publication of 24 Libor rates will go after December.

US regulators decided to create a whole new rate to try and wean people off of Libor, and still they've been met with only limited success. The new rate is called "Sofr" - the "Secured Overnight Financing Rate". According to data from the government, the latest Sofr overnight rate is close to even with its Libor equivalent.

At the end of the day, forcing lenders to stop using Libor will be like "enforcing prohibition." Parties will keep on using Libor until the very last second, until continuing on is no longer an option.

"Telling people to stop using Libor is like reimposing prohibition. People will keep drinking right up until the last moment," said Mark Cabana, head of US rates strategy at Bank of America.

And regulators are warning now that this time, they're for real.

"Market participants have all the tools they need to meet this deadline. The responsibility is on market participants to take the action needed to prepare for a world with no new Libor," said Tom Wipf, a senior executive at Morgan Stanley, who chairs the industry body to lead the shift from US dollar Libor.

Even so, the market accepts change is coming. At CME Group, the world’s largest futures market, open positions in Sofr-linked futures outstripped Libor-linked futures for the first time in December.

Prosecutors first accused banks of more or less openly rigging Libor in their own favor to benefit their trading books back in 2012.

Even if regulators succeed at getting rid of Libor, pretty soon, a whole decade will have passed since the discovery of the 'scandals' that inspired regulators to go after Libor. Soon, people will forget why they even bothered to try to dump Libor in the first place. One critic described the transition as akin to "open heart surgery" for the financial system. And it's going to be difficult to keep justifying something so taxing.

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SOURCE: https://www.zerohedge.com/markets/have-regulators-really-defused-year-end-230-trillion-libor-derivative-time-bomb

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HOW CAN PRODUCTIVITY SOAR WHEN "THAT" IS OUT OF STOCK?

Outsourcing the manufacturing of products

to distant lands has come back to bite us...

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CONTINUING JOBLESS CLAIMS ARE NOW BELOW PRE-COVID-LOCKDOWN LEVELS

by Tyler Durden

...Mission Accomplished!

Continuing jobless claims tumbled to 1.716 million last week. That is the lowest since pre-COVID-Lockdowns in March 2020...

See Chart at:

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_05-32-55.jpg?itok=UB5oDBHp

Additionally, initial jobless claims slipped back below 200k (while non-seasonally-adjust claims hold around 2-month highs)...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_05-31-56.jpg?itok=0-zWVKcv

New Jersey and Pennsylvania saw the biggest increase in claims while California and Texas saw the biggest drop...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/image%20-%202021-12-30T053906.872.png?itok=xDHRfESx

The total number of Americans on some form of government dole remains at pre-COVID-Lockdown levels...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-12-30_05-37-31.jpg?itok=dXYKRlH0

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Seems like it's going to be hard for Powell to defend any delay in tightening off of this data.

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SOURCE: https://www.zerohedge.com/personal-finance/continuing-jobless-claims-are-now-below-pre-covid-lockdown-levels

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US DOMESTIC POLITICS

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

Does Economy never work with political criteria? Is in reverse? Or Wk hand on hand?

SCHIFFTY CHARACTER - NEVER LET REALITY GET IN THE WAY OF POLITICAL GOALS

Russia hoax booster and January 6 hawk Adam Schiff doesn't let reality get in the way of his political goals...

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FACT: the relation between Econ & Polit doesn’t accept DETERMINISMS since Pareto ‘Optimality point’, an intermedial point between X and Y (cause doesn’t determine the effect necessarily, said Pareto in the 1950s. Before him was Bertalanfy who develop the “Systems Theory’ (open & Clouse system with one point of equilibrium in between, they called ‘homeoestasis’ to the point of equilibrium between whole & parts inside a system. It is the DYNAMIC not cause & effects that define a Social System. This theory of systems was developed in the 90^th by Niklas Luthmann, Maturana & Varela. They said that is the unity of differences what define a social system. The parts has self- reproduction mechanism y the whole provides the initial glue to unite the system. This is the method (Systems Theory) that I use to explore “Perspectives of Socialism in US”. Socialism is not communism (Socialism was created 3 centuries before Communis (The Manifesto was created in 1848 and Socialism start in Peru before 1542) and socialism admits the alliance between capital & labor to develop the Economy).