NOV 1 20 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
One day to make agreement regarding REAL DEMOCRACY Vs. Electoral College :
Electoral College violate the principal “1 PERSON 1VOTE”: the KEY of Democracy
Nation REV will explode if they do it. That Elect-Coll vote before is not a principal.
The national context is different & doesn’t allow previous fascist-oligar mistakes.
The Supreme Court must condemn “1 Person 2 Votes” . US won’t accept + felony
The only solution is to respect the Nation direct vote: either male V or Nov 3 Vote
Election MUST BE WIN IN BALLOT BOX not in top manipulation of electoral college
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
THE SPREAD BETWEEN HIGH & LOW GROWTH FIRMS HAS NEVER BEEN GREATER
The fastest growers have almost never been more expensive and conversely the slowest growers have almost never been cheaper. Most importantly, the spread between the two has almost never been wider.
by Tyler Durden
Over the past decade we have closely watched the unprecedented divergence between growth and value stocks, which has made 13-year-old momentum-chasing Robinhooders millionaires, while bankrupting countless seasoned value investing titans.
See Chart:
Growth vs Value
https://www.zerohedge.com/s3/files/inline-images/growth%20vs%20value%2011.1.jpg?itok=nY9nKY7t
However, as our friends at Kailash Concepts show, there is another historic divergence worth noting. The chart below shows the following:
- Light Blue Line: The Price to Sales ratio of the firms in the S&P500 with the fastest revenue growth
- Dark Blue Line: The Price to Sales ratio of the firms in the S&P500 with the slowest revenue growth
The fastest growers have almost never been more expensive and conversely the slowest growers have almost never been cheaper. Most importantly, the spread between the two has almost never been wider.
See Chart:
Fastest reven growers has rarely been more expensive Relativ to slowest rev growers
https://www.zerohedge.com/s3/files/inline-images/fastest%20revenue%20growers.png?itok=Zlz0bsVk
Those curious for more may find value, no pun intended, in Kailash's May 2016 white paper, "The Revenue Wreck - Are We Paying Rational Prices for an Ex-Growth America?"
See Text + Charts in the bottom source:
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SOURCE: https://www.zerohedge.com/markets/spread-between-high-low-growth-firms-has-never-been-greater
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JIM ROGERS: GREAT DEPRESSION 2.0?
PeakProsperity's Adam Taggart writes that a legendary investor foresees hard times ahead...
"...overreacting politicians have only exacerbated the situation... next time when we have a serious bear market it’s going to be the worst in my lifetime "
Jim Rogers: Seeing that the world is buried under an unprecedented mountain of debt that is requiring more and more central planner intervention to keep from imploding on itself, Jim says history is clear on what happens next.
A clearing of the debt either via massive default, or destruction of the currency it’s denominated in.
He looks into the future and sees a terrible reckoning ahead; one he predicts will be “the worst economic crisis of my lifetime” — and Jim is 78 years old.
So where should investors look to preserve the purchasing power of their wealth against what’s coming?
Jim highly recommends precious metals and other commodities as an important part of the solution. As an overall index, commodities are the cheapest they’ve ever been vs the general stock market in over half a century:
See Chart:
Commodities continue to look undervalued relative to the broader market
https://www.zerohedge.com/s3/files/inline-images/ElEYap_WkAAMugY.jpg?itok=fHoVle1B
Like many of the previous guest experts on our program, Jim maintains the near-term environment will be one of the most challenging times to invest in our lives.
Jim Rogers VIDEO: https://youtu.be/l8gjb6tcOGU
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SOURCE: https://www.zerohedge.com/markets/jim-rogers-great-depression-20
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MARKET DROPS AS TRADERS HEAD FOR THE PRE-ELECTION EXIT
"...don't be that guy!"
Authored by Lance Roberts via RealInvestmentAdvice.com,
Market Breaks Support
We have discussed how the markets drifted from one stimulus headline to the next for the past several weeks. Stimulus. No Stimulus. As noted, the daily swings made it a challenging environment to navigate.
This past Thursday, in our daily “3-Minutes” video, we discussed the recent break of support, our indicators, and why there was no “safe place” to hide. The sell-off aligns with seasonal weakness but also the realization that “no stimulus” is coming.
As noted in the video, all of our “sell signals” have been intact for the last few weeks suggesting more downside risk near term. Those signals have now reversed to the point where we are likely to see a decent reflex rally starting as early as Monday. As noted in the year-to-date performance chart below, the market is 2-standard deviations below its 50-dma and is close to the September low support. Performance is positive year-to-date at 1.21%, which still argues for a re-election of the incumbent President.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/SP500-Chart2-103020.png?itok=2jH4XBLr
Sold Out
Given the amount of selling over the last few weeks, it is not surprising to see most of our short-term technical indicators back at lows. Again, as noted above, such suggests that a reflexive rally is possible in the next few days.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/SP500-Chart3-103020.png?itok=7tjNzv6M
Such a rally will provide an opportunity to rebalance portfolio risks accordingly. As we will discuss momentarily, the markets will begin to process the election’s impact on various sectors and the market itself.
However, the economy’s disconnect remains longer-term, which can not last as earnings come from economic activity. While the very short-term trading environment is conducive for a rally, the longer-term “investing” environment is still problematic with weakening relative strength, participation, and fundamental issues.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/SP500-Chart4-103020.png?itok=cJ2sVl-H
See more charts at this source:
SOURCE: https://www.zerohedge.com/markets/market-drops-traders-head-pre-election-exit
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WELCOME TO THE ZOMBIE GLOBAL ECONOMY
Submitted by Jonahtan Rochford of Narrow Road Capital,
"Lower (interest) rates boost aggregate demand and raise employment and investment in the short run. But the higher prevalence of zombies they leave behind misallocates resources and weigh on productivity growth." -
Governments the world over have been lamenting the lack of productivity growth for the last 15 years. Two recent articles on this topic caught my attention and together they show that the number of zombie companies is growing, and current policy settings point to this trend worsening in the years ahead.
The graphs below show that either way, there are more zombie businesses and they remain as zombies for longer. This is bad news for economic growth. Zombie firms should be either recapitalised, taken over by a stronger company or bankrupted; so that their assets can be used more efficiently.
See Charts:
Zombie firms are on the rise and suvive for longer
The conclusion of the report highlights the obvious trade off central banks have been making for the last twenty years.
Lower (interest) rates boost aggregate demand and raise employment and investment in the short run. But the higher prevalence of zombies they leave behind misallocates resources and weigh on productivity growth.
The second article was from Robin Wigglesworth at the Financial Times. He argued that countries should consider removing the tax deductibility of interest payments for companies. Whilst this would reduce the efficiency of capital structures for companies it would encourage lower debts levels and thus improve resilience.
Robin included the graph below in the article, which shows three major trends over the last 25 years.
See Chart:
Global credit worthiness has atrophied since 1990s
Given central banks have no intention of normalizing interest rates and unwinding quantitative easing any time soon, low interest rates will continue to allow for zombie companies to multiply. Economic growth will remain subdued, unemployment will be higher, and the cost of goods and services will be higher as productivity growth is suppressed. What has Japan has experienced for the last 30 years and Europe for the last decade is now our future.
Welcome to the zombie global economy.
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SOURCE: https://www.zerohedge.com/markets/welcome-zombie-global-economy
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
The circus ‘megacrowds’ never define final vote: vote in ballot-box define elections
NATE SILVER HEDGES ON BIDEN WIN AFTER TRUMP DRAWS MEGACROWDS IN PENNSYLVANIA
Why isn't he 50 points ahead?
See Chart:
https://www.zerohedge.com/s3/files/inline-images/silver%20biden.PNG?itok=8CWv6feH
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ANTI-LOCKDOWN EPIDEMIOLOGIST INTIMIDATED, SHAMED BY CONTAGION OF HATRED AND HYSTERIA
"Lockdown is a blunt, indiscriminate policy that forces the poorest and most vulnerable people to bear the brunt of the fight against coronavirus. As an infectious diseases epidemiologist, I believe there has to be a better way..."
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The ‘social being” is built in relation with others & with nature, not in isolation
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Surprise: Biden is winning in Florida
MORGAN STANLEY: "THERE IS A WAY FOR MARKETS TO KNOW RELATIVELY QUICKLY WHO IS THE NEXT PRESIDENT"
"If Trump appears to have lost Florida, markets may quickly conclude he has probably lost the presidency."
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PITTSBURGH POST-GAZETTE ENDORSES PRESIDENT TRUMP, MARKING FIRST GOP ENDORSEMENT IN ALMOST 50 YEARS
"Donald Trump is not Churchill, to be sure, but he gets things done...Mr. Biden is too old for the job, and fragile."
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HERE IS THE RESULT IF THE POLLS ARE AS WRONG IN 2020 AS THEY WERE IN 2016
Trump wins with 279 of the 538 electoral votes, while Biden would get 259.
PredictIt currently has a 66% probability for a Biden victory, which is up from a week ago at 62.9% and also higher than four weeks ago. A Trump victory has a roughly 39% probability according to this data, which is up slightly from 37.1% a week ago. The national polls – compiled by Real Clear Politics - suggest a similar tilt in the race with Biden having a 51.3%-43.5% lead against Trump.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/rcp%20polls.jpg?itok=vxZgiFwY
Digging into the state polling in competitive states, Biden currently leads in all the battleground, or "toss up" states except for Ohio, Arizona and Texas. This would give him a comfortable Electoral College (EC) victory of 346-192...
See MAP:
https://www.zerohedge.com/s3/files/inline-images/toss%20ups.jpg?itok=bFlheTlj
... even though RCP's average polls of Top Battleground states (FL, PA, MI, WI, NC, AZ), is now just +3.1 in Biden's favor and down from 5% to weeks ago, with Arizona just flipping to Trump in the past 24 hours.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/battelground%202.jpg?itok=NCNx3v1i
That said, polls are imperfect as 2016 demonstrated – indeed, if we apply the polling miss from 2016 as Bank of America did last week, Florida, North Carolina, Pennsylvania, Georgia, Iowa and and Maine would flip. For this exercise we have used the latest RCP polling average data as of Oct 31:
- Arizona: Trump +0.6
- Florida: Biden +1.2
- Michigan: Biden +6.5
- North Carolina: Biden +1.2
- Pennsylvania: Biden +3.7
- Wisconsin: Biden +6.4
- Georgia: Biden +0.8
- Iowa: Biden +1.2
- Maine 2: Biden +2.7
- Minnesota: Biden +4.7
- Nebraska-2: Biden +7.8
- Nevada: Biden +4.0
- Ohio: Tie
- Texas: Trump +2.3
These numbers are then adjusted by applying the same error rates as were observed during the 2016 polling, and the results are shown in the table below:
See Table:
As Bloomberg notes, Level and other pollsters say the election outcomes range from a blowout Biden win to a closely fought contest that could hinge on recounts and court rulings that either candidate could win. They don’t consider a clear, quick and decisive Trump victory among the possibilities.
“It would be astonishing,” Leve said.
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SOURCE: https://www.zerohedge.com/markets/here-result-if-polls-are-wrong-2020-they-were-2016
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis+K-, D rest in limbo
TRUMP VERSUS BIDEN AND THE TRANSATLANTIC TRADE RELATIONSHIP
Authored by Maartje Wijffelaars and Philip Marey of Rabobank
Summary:
- A Biden victory could pave the way for a more constructive international collaboration on a broad range of topics between the US and Europe and the reversal of steel and aluminum tariffs hikes; it may also put the car tariff threat to bed.
- That said, the EU’s push for regulation of big tech, a digital services tax, and a carbon border adjustment mechanism, as well as relatively low defense spending and its protective agriculture policy would likely remain areas of transatlantic tension.
- Finally, we expect the EU to be willing to cooperate more with the US on how to deal with China, albeit in a less aggressive way than the US. This means that a Trump victory would put more pressure on the EU stance regarding China than a Biden win.
See Charts:
Figure 1: Most NATO members in UE don’t spen 2% of GDP in defense as agreed
Figure 2: Trump has a problem with large trade deficit with the UE
https://www.zerohedge.com/s3/files/inline-images/rabo%20nato%20members.jpg?itok=3Z86RUaY
In short, the Transatlantic relationship has been under strain during the last four years under a Trump presidency, whilst the EU is also increasingly working on its own agenda. The US presidential election result could either intensify/accelerate the recent trend or attenuate it, although we believe a full reversal is unlikely.
Continue reading to see explanation of the above believe
SOURCE: https://www.zerohedge.com/economics/trump-versus-biden-and-transatlantic-trade-relationship
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- White House Slams Dr Fauci for Making 'His Political Leanings Known'
- Arrests Made After Anti-Trump Protesters Clash With NYPD in Manhattan
- Supporters Stand in Massive Lines at Trump Rally in North Carolina - Video
- Over 1 Million People Vote Early in NYC, City's Board of Elections Says
- 2020, It’s Not Funny Anymore! Scientis Discover Deadly New Genetic Disease
- Iran’s Air Force Hold Drills on Modern Warfare Tactics to Prepare for Threats
- Trump Narrowly Prevails Over Biden in Battleground State of Florida
- India Rejects Pakistani Plan to Upgrade Status of Disputed Kashmir Area
- Trump Makes Last 'Great Red Wave' Push for Tuesday's Elect as Biden Goes Home
- Biden's Aide Opposes Idea of Selling F-35s to UAE, Only Israel Should Have Them
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