Central Banks Tell Markets: "You’re On Your Own Now"

Three things we learned last week:

1. Major central banks prefer the status quo, for now.

The Fed and BOJ joined other major central banks, including the ECB, to stay put as the global economy recovers. The Fed signaled that rates will remain near zero through at least 2023, but stopped short of adjusting its QE program. Only the Bank of England bucked the trend, giving the strongest signal yet that it may wade into negative interest rates in preparation for a potentially messy Brexit.

Besides the BOE, the other central banks are following in the footsteps of China, which is a global leading indicator given that its economy emerged from the pandemic first. The PBOC’s policy stance has shifted to neutral since May, leading to a bond selloff. On Monday, it is expected to keep the benchmark loan prime rate steady for a fifth month.

Without additional monetary support, risky assets are left on their own now. It’s worth noting that China’s stock market has stood still since July. The lack of fiscal stimulus in the U.S. underscores the risk heading into the presidential election.

1. China’s bond flows have come into focus.

Chinese regulators decided last week to increase the flexibility for bond settlements, increasing the chance that FTSE adds China’s debt to its World Government Bond Index on Sept. 24. Goldman Sachs estimates that the inclusion would add $140 billion of inflows to the Chinese bond market over time. There’s likely to be a grace period of 12 months, so the immediate flow impact would be limited, even if FTSE decides in China’s favor this week.

Foreign inflows have been a key pillar for the appreciation in the yuan over recent months. Much of the argument for a strong yuan, including the growth and rate differentials, is still there. So far, the PBOC opted to not stand in the way of appreciation, but the yuan fixing will be closely watched to see if there’s any change in attitude.

1. Soybean futures show an olive branch from China. The U.S. moved to expel WeChat and TikTok from U.S. app stores last week, a reminder that the “getting tough on China” rhetoric is likely to get louder. For its part, China launched a fresh round of military maneuvers in the Taiwan Strait, including a rare incursion across its median line, in response to a top U.S. diplomat’s visit to Taiwan. Despite the deafening political noise, the real signal is that China’s been working hard to keep its commitment to the trade deal. China purchased a record amount of soybeans in the season that started Sept.

https://www.zerohedge.com/markets/central-banks-tell-markets-youre-your-own-now

AMERICA 2050

Prospectus

As never before, the nation’s economic prospects are being threatened by global competitors, all of whom have created long-range strategies for growth and competitiveness.

Executive Summary

The America 2050 Strategy will provide a framework for the public and private policies and investments needed to accommodate the nation’s growth in the 21st century. This framework is urgently needed in a time of rapid technological, geopolitical, demographic, and environmental change. As never before, the nation’s economic prospects are threatened by global competitors, all of whom have created long-range strategies for growth and competitiveness. In the face of these challenges, America is f lying blind. We have no national strategy to sustain our success in the face of this competition. America’s third century urgently requires a new strategy to lay the foundation for the nation’s future competitiveness, sustainability, and quality of life. The National Committee for America 2050, composed of business and civic leaders, policy makers, and regional planners, was formed in response to this challenge. America 2050 is developing a framework for America’s future growth that identifies 10 or more emerging megaregions as the proper scale at which to make the investments that will maximize America’s competitiveness and broaden opportunities for all members of our society. This framework will promote integrated investments in mobility, environment, and economic development that are needed to guide the nation’s growth in the 21st century. It will provide capacity for growth by creating a world-class multimodal transportation system of new smart highways, high-speed rail, airports, and seaports, all of these linked to concentrated developments at central hubs. It will preserve large environmental (or “green infrastructure”) systems, strengthen metro-politan regions and urban centers, and alleviate concentrated poverty by expanding economic opportunities to bypassed areas. The federal role in land use will be reformed to support collaborations across regional boundaries, promote megaregional decision making, and utilize federal funding to ensure consistency with national objectives for growth.

In the process of achieving these outcomes, we are harnessing one of America’s great strengths – the ability of private associations of business and civic leaders to work in partnership with government across economic sectors, political boundaries, and functional disciplines. We are creating “bottom up” strategies to guide the actions of local and state governments and the business and civic sectors. At stake is a fundamental opportunity to organize and direct the trillions of dollars of investments that will be made over the next generation in infrastructure, housing and urban development, environmental protec-tion, and new energy systems and to harness these investments to improve the competitiveness and livability of every part of the country.

America 2050 will result in five major outcomes

➜A national framework for prosperity, growth, and competitiveness

➜ A world class multimodal transportation system➜ Protected environmental landscapes and coastal estuaries

➜ Economic and social opportunities for all members of society

➜ Globally competitive megaregions

20 pages

https://rpa.org/uploads/pdfs/2050-Prospectus.pdf

>>10726882

The Hidden Agenda Behind The Planned Destruction of America with Rosa Koire

https://youtu.be/EGA18p_XerE

https://vladtepesblog.com/2020/09/20/the-hidden-agenda-behind-the-planned-destruction-of-america-with-rosa-koire/

>>10726904

Tom Hanks quarantines in $6,000-a-night Gold Coast mansion

20/09/2020

Hollywood star Tom Hanks is believed to have undergone mandatory quarantine at a $6,000 per night mansion on the Gold Coast.

Hanks and his entourage reportedly spent 14 days at the secluded Rivermead Estate at Guanaba after arriving on September 8.

The property boasts 22-hectares of manicured grounds, an international polo field, six bedrooms, a day spa, sauna and outdoor teppanyaki bar.

Meanwhile, thousands of Australians have been forced to undergo 14-days in mandatory hotel quarantine.

The Award-winning actor returned to Australia to continue filming a movie and was offered a resort-style isolation option instead of the usual 14-day stay at a Queensland hotel quarantine facility.

In March, Hanks and his wife Rita Wilson tested positive for COVID-19 which forced the production of his new Elvis Presley biopic to temporarily halt.

https://www.skynews.com.au/details/_6192687909001

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>>10726973

>>10726940

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