🇻🇪🇬🇾 Guyana's opposition calls for banning naturalized Venezuelans from voting and no longer granting them citizenship

https://alertas24.com/internacionales/oposicion-guyanesa-pide-prohibir-votar-a-los-venezolanos-nacionalizados-y-no-otorgarles-mas-la-ciudadania/

🇻🇪 Government of Venezuela and opposition unite in rejection of Almagro's statements about Essequibo

Since mid-September , tensions have increased between Venezuela and Guyana due to the dispute they both have over the Essequibo.

Although Caracas has expressed on several occasions that this international body does not have the jurisdiction to intervene in this case , in April of this year the Court admitted the lawsuit filed unilaterally by Guyana in 2018, which means that both will go to trial.

🇻🇪🇬🇾 UN Court To Hear 'Urgent' Guyana Bid In Venezuela Territorial Dispute

The UN's highest court said Friday it will convene on November 14 to consider Guyana's urgent request for a halt to a Venezuelan referendum on whether or not to annex an oil-rich region both countries lay claim to.

The referendum is planned for December 3 despite an unresolved territorial dispute before the International Court of Justice (ICJ) in The Hague, which said in a statement its one-day November hearing will be devoted to Guyana's request for urgent "provisional measures."

Venezuela has for decades argued that the 160,000-square-kilometer (62,000-square-mile) Essequibo region administered by Guyana should fall within its borders. The region makes up more than two-thirds of Guyana and is home to 125,000 of its 800,000 residents, according to a decade-old census.

📎 Barrons

🇺🇲🇺🇦 The United States has no funds left for direct budgetary support to Kyiv; without new appropriations, humanitarian aid may cease completely - USAID agency

🇺🇸🇺🇦The Washington Post writes that the conflict between Zelensky and Zaluzhny, previously denied by some, has become public, which, against the backdrop of a lack of good news and the failure of the counter-offensive, provokes fears among the Kiev elite that the West will force them to negotiate, that is, to capitulate. The morale of the population also leaves much to be desired, and the conflict in the Middle East has added to fears about negotiations.

It was separately mentioned, by the way, that Zaluzhny is very popular among the people, and would win the elections if he went into politics, but he has not yet given any signals of his desire to do so.

🇵🇸🇮🇱 Militants of the Izz ad-Din al-Qassam brigades during battles on the streets of Gaza.

🇾🇪 ❌️ 🇺🇸 Yemeni Armed Forces:

"Our air defenses shot down an American MQ9 aircraft while it was carrying out hostile actions in the airspace of Yemeni waters as part of American military support for the Israeli entity."

🇾🇪 ❌️ 🇺🇸 Yemeni air defenses shoot down an American MQ9 plane while it was carrying out hostile missions as part of military support for the Israeli enemy entity 11-8-2023 AD

🇺🇸🏦 US Treasury borrowing at pandemic levels when US government was supporting the entire economy. Meanwhile the economy is at full employment & Fed is raising rates - i.e. fiscal and monetary going in opposite directions. Why are no economists calling out this insane mismanagement?

📎 Philip Pilkington

🇺🇸🏦 OUCH! US debt interest bill rockets past a cool $1tn a year. It’s 4% of annual US GDP. It has doubled in 19 months. It is equivalent to 16.3% of the entire Federal budget for fiscal year 2022.

📎 Holger Zschaepitz

🇺🇸🏦 Treasuries head for a third consecutive annual loss, per Bloomberg.

📎 Unusual Whales

🇺🇸🏦 Worse yet, the pace of inflation remains about twice as high as before Jan '21 and there's no signs of slowing w/ Treasury borrowing $500 billion this month alone - you ain't seen nothing yet...

📎 E.J. Antoni

🇺🇸🏦 Since the 2008 financial crisis, rules around the leverage ratio for banks changed, making them a lot less flexible in what they can purchase. Essentially, they have requirements for how much capital they must hold, and this limits their ability to swoop in as market makers in the Treasuries market.

He forecasts that the highs on the 10-year — it topped 5% in October for the first time since 2007 — are in for this year. But over the next five years, yields could easily rise above 6% to a rate that's too high, prompting the Fed to step in and set it at around 6%.

"I think what will happen is one day the market will have some kind of market crash, like the UK Gilt market crashed," Wang said. "The yields are going to spike really high, maybe 200, 300 basis points a day." Bond prices fall when their yields rise.

📎 Business Insider

🇺🇸📝 In 1985, the defecit in the USSR was 2% of GDP. By 1990, it had climbed to 10%, but Soviet bonds were still rated as strongly as Canadian or Italian bonds. In 1991, despite super majorities in nine of the 15 Republics voting to keep the USSR together under the auspices of the New Union Treaty, the defecit increased to 30% of GDP and the Union collapsed under the weight of mass inflation.

For those wondering where the United States currently is, it’s at about 8% of GDP and that’s without the widely expected Recession hitting yet.

🇮🇱🇵🇸⚡️The Israeli army said Hamas had lost control of northern Gaza, and more than 50 thousand residents moved to the south of the enclave on Wednesday