PPCC: Pisitófilos Creditófagos. Primavera 2022

[Cadavre Exquis]

Are Workers Finally Returning to Offices in San Francisco?
Posted by EditorDavid on Sunday May 01, 2022 @12:34AM from the left-my-heart dept.

The San Francisco Chronicle reports:

San Francisco's office occupancy rate continued its spring recovery, rising above New York and San Jose last week, according to a review by a building security firm. After four months of increases, 33.4% of San Francisco workers were back at their desks last week, higher than New York's 32.9% and San Jose's 31%, but still behind seven major cities in security firm Kastle's Back to Work Barometer.... The city of Austin has consistently had the highest office occupancy tracked by Kastle and was at 58% last week, followed by fellow Texas cities Houston and Dallas. [And Los Angeles charts at around 40%]

Both San Francisco Mayor London Breed and New York Mayor Eric Adams have urged firms to bring back workers to the office to help revitalize urban streets and the broader economy. "You can't stay home in your pajamas all day," Adams said at an event in February. "That is not who we are as a city. You need to be out, cross-pollinating ideas, interacting with humans. It is crucial. We're social creatures, and we must socialize to get the energy that we need as a city...."

Around a fifth of San Francisco office space remains vacant and rents have been flat.

That's better than during the omicron surge, when occupancy in New York and San Francisco was around 10%. (According to the article, citing figures from Kastle.) But there's also other metrics.

The newspaper notes that the number of people exiting the stations for the San Francisco's public rail system "were up in the first three months of the year but still only around a quarter of pre-pandemic levels."

Saludos.

[Cadavre Exquis]

Why Warren Buffett Still Won't Invest in Bitcoin
Posted by EditorDavid on Sunday May 01, 2022 @03:34AM from the magic-internet-money dept.

Investor Warren Buffett addressed the annual shareholder meeting today for his multinational holding company Berkshire Hathaway — and said he still wouldn't buy bitcoin. But this time he gave a detailed explanation why. CNBC reports:

"Whether it goes up or down in the next year, or five or 10 years, I don't know. But the one thing I'm pretty sure of is that it doesn't produce anything," Buffett said.... "If you said... for a 1% interest in all the farmland in the United States, pay our group $25 billion, I'll write you a check this afternoon," Buffett said. "[For] $25 billion I now own 1% of the farmland... Now if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn't take it because what would I do with it? I'd have to sell it back to you one way or another. It isn't going to do anything... The farms are going to produce food...."

"Assets, to have value, have to deliver something to somebody. And there's only one currency that's accepted. You can come up with all kinds of things — we can put up Berkshire coins... but in the end, this is money," he said, holding up a $20 bill. "And there's no reason in the world why the United States government... is going to let Berkshire money replace theirs."

Later Saturday Berkshire Hathaway's vice chairman Charlie Munger had an even harsher appraisal of bitcoin. "In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else — and bitcoin does all three," Munger said.

"In the first place, it's stupid because it's still likely to go to zero. It's evil because it undermines the Federal Reserve System... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China."

Saludos.

[Cadavre Exquis]

Robinhood Loses Over 1 Million Active Users. Is the Memestock Mania Over?
Posted by EditorDavid on Sunday May 01, 2022 @12:34PM from the attention-deficits dept.

A Bloomberg opinion columnist calls the RobinHood stock-trading app "a symbol of the 'memestock' boom that galvanized a generation of bored locked-down day traders.

"But judging by the company's latest figures, the mania is over."

In the first quarter, Robinhood's monthly active users fell 10% year-on-year to 15.9 million, the lowest since the end of 2020. It's a loose metric, to be sure, covering debit-card swipes and webpage log-ins. Net funded accounts have held steady, but activity is flatlining: Transaction revenues fell by almost half, and average quarterly revenue per user slumped 61% to $53. In a post-lockdown era of rising inflation, consumers have less money and fewer hours to spare. Eyeballs and finger-swipes are not guaranteed.

This will put Robinhood's premium "tech" valuation — around seven times annual revenue, a higher multiple than Meta Platforms Inc.'s — under extra pressure. Shares of the financial-services company have already fallen 71% in six months, a drop that began well before Ukraine.

With fewer reasons to get excited about risky, hyped-up trades such as bitcoin (down 40% since October), the feedback loop of fear is spreading. Trading platform Coinbase Global Inc., which like Robinhood went public last year amid a retail-driven frenzy, is down 62%.

The average Robinhood user is 31 years old with an account balance of $240. It's a band of merry men (women are a minority on the platform) who dabble. While the company's business model differs from that of social-media and streaming apps, the reversal of fortunes looks a lot like the post-Covid "attention recession" that's also battering the likes of Netflix and Spotify Technology.

"The lost merry memestock men already appear disillusioned," the columnist argues. "What happens next, if speculative bets keep deflating, may swear them off trading for good."

But he also sees Robinhood is "talking up its appeal to paid 'Gold' customers and is launching a more diversified, bank-like suite of products. With its recent announcement of a new debit card, Robinhood no doubt aspires to become a super-app like unlisted fintech Revolut, valued at around $33 billion, according to CBInsights."

Saludos.

[senslev]

https://www.smh.com.au/politics/federal/labor-announces-policy-to-buy-40-per-cent-stake-in-private-homes-and-tackle-housing-crisis-20220429-p5ah8z.html

Under the policy, a Labor government would contribute up to 40 per cent of the purchase price of a new home and up to 30 per cent of the purchase price for an existing home.

In Sydney and NSW regional centres, the property price would be capped at $950,000 and could save homebuyers up to $380,000 on a new house and $285,000 on an existing house.
In Melbourne and Victorian regional centres, the property price cap of $850,000 would save people $340,000 on a new house and $255,000 on an existing house.

People would be able to buy out the government’s stake of the house over time. Labor has previously promised a $10 billion fund to invest in social housing by putting money into a new Housing Australia Future Fund.
It will be available to first-home buyers and people who have previously owned a home but have got out of the market after, for example, a divorce and who are struggling to get back in.

It will be available to individuals with a taxable income of up to $90,000 or $120,000 for couples.

Labor hopes the policy will allow Australians on low and middle incomes to get into the housing market. Forty years ago, about 60 per cent of young Australians on lower incomes owned their own home but that figure has plummeted to 28 per cent.

100000$ lower income?

[newclo]

Buenas tardes

Me acabo de dar de bruces con un diplodocus con doble cifosis lumbar, antaño SerpenCamelJirafante... a ver lo que tarda el diplodocus en hacer el avestruz




Aunque cada vez más me recuerda al Monstruo del Lago Ness, que ya saben que nunca existió en la versión oficial pero muchos afirman haberlo visto

[saturno]

Respuesta
https://twitter.com/CarlZha/status/1507296562891788291

Biden:" Cut off Russian gas gonna hurt Europe but that's the price I am willing to pay"




Más en la misma línea
https://www-liberation-fr.translate.goog/international/asie-pacifique/selon-le-financial-times-pekin-evaluerait-limpact-de-sanctions-economiques-similaires-a-celles-infligees-a-la-russie-20220502_NOQRKE4YBBF5NGPV4ZGGABZFKU/?_x_tr_sl=auto&_x_tr_tl=es&_x_tr_hl=fr&_x_tr_pto=wapp

Anticipación
Según el “Financial Times”, Pekín evaluaría el impacto de sanciones económicas similares a las impuestas a Rusia
Dossier de la guerra entre Ucrania y Rusia
El diario británico asegura que dignatarios chinos se han reunido con representantes de bancos nacionales y extranjeros para preparar posibles sanciones económicas comparables a las que sufre Rusia. ¿En caso de conflicto con Taiwán?

Creo que al mundo global con dolar de intercambio le queda hasta el próximo invierno,

Y dudo bastante que el euro vaya a mantenerse, porque Londres y la UE se han cargado también la independencia de las plazas financieras respecto de la política,

Hemos acabado con la confianza. Es decir con las monedas fiat,

Volveremos al oro , Oh wait ! Resulta que tampoco lo tenemos,

Pues al trueque. El trueque, ¿El trueque con qué?
¡Si nuestro "producto" real era la confianza en el sistema financiero internacional heredado de la (des)colonización del mundo después de la IIWW!

[sudden and sharp]

   

[Negrule]

Evolución precio de la vivienda en los últimos 40 años


https://twitter.com/jordivalls13/status/1521348316889550848?s=21&t=_1VpA9773eUDiP8Uhz4xgA

[Saturio]

Hoy es la earnigs call de Airbnb.

A ver qué pasa.

[senslev]

https://wolfstreet.com/2022/04/26/the-most-splendid-housing-bubbles-in-america-april-update-raging-mania-on-the-eve-of-the-spike-in-mortgage-rates/

Evolución precio de la vivienda en los últimos 40 años


https://twitter.com/jordivalls13/status/1521348316889550848?s=21&t=_1VpA9773eUDiP8Uhz4xgA

[senslev]

[sudden and sharp]

No hay que creerse na al final de las ...

Hacienda ya ha recaudado con los carburantes más del doble de lo que le cuesta la ayuda
https://www.vozpopuli.com/economia_y_finanzas/carburantes-doble-ayuda.html
La recaudación hasta marzo del impuesto especial a hidrocarburos se eleva hasta los 2.854 millones frente a los 1.423 millones que se estiman gastar en las bonificaciones a la gasolina


Atentos a la foto ... (Evaluad la preocupación del gobierno.)



 

[newclo]

https://wolfstreet.com/2022/04/26/the-most-splendid-housing-bubbles-in-america-april-update-raging-mania-on-the-eve-of-the-spike-in-mortgage-rates/

Evolución precio de la vivienda en los últimos 40 años


https://twitter.com/jordivalls13/status/1521348316889550848?s=21&t=_1VpA9773eUDiP8Uhz4xgA

Se va a haber un follón !

Como "Director de operaciones burbujistas" con ya más de 20 años de experiencia, viendo esos gráficos, el crecimiento de la población, los recursos disponibles, cómo están la fichas sobre el tablero y quiénes y cómo toman las decisiones... no me extraña que en la orden del día tengamos guerras comerciales, desglobalización y decrecimiento como medidas soft.... y guerra mundial, desastre naturales y pandemias como medidas hard

200 años viviendo de la energía acumulada durante miles ¡¿ o millones de años ?! para multiplicar la población por 8 y consumir anualmente la producción de ¿3? planetas

Pues el aterrizaje suave no lo veo

Estamos solos y esto se va a convertir en una selva de progres y vegetarianos reconvertidos en caníbales zombis

Tengo 2 niñas pequeñas y , en fin, me preocupa dejarlas preparadas para el mundo que les vamos a dejar.
Si luego va todo mejor pues estupendo, guardamos el hacha, la mascarilla, nos ponemos las gafas 3D y a gozar con fotos de pies en Maldivas

[Saturio]

No, no. Lo peor es que La Tierra pierde calor inexorablemente. De esa no nos salvamos.

[newclo]

Al respecto de esto, y no quiero seguir con el off-topic, pido disculpas

https://www.larazon.es/internacional/europa/20220501/bgbtqo7rcbcghc344u5kd4ucti.html