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Reports say U.S. considering defaulting on some or all debt owed to China over COVID-19The United States government is considering different ways to punish China for its mishandling of the coronavirus pandemic.So far, President Donald Trump has hinted at slapping new tariffs on Beijing, which he says will not impact the phase-one trade deal that was signed earlier this year.But a so-called nuclear option might be on the table, according to various reports in the press: canceling all or some of its debt owed to China.Today, the U.S. owes about $1.1 trillion to the world’s second-largest economy as the communist government acquired enormous amounts of Treasurys. Beijing has reduced its holdings since 2011, but $1 trillion is still nothing to sneeze at.Washington may decide to default on its obligations.While most reasonable people do not anticipate the White House to take such drastic action, the Chinese government is preparing for the possibility. Officials are reportedly considering unloading large portions of its U.S. debt holdings.Whether the U.S. defaults or China sells, it would seriously impact the bond market. Imagine flooding the economy with more than $1 trillion in U.S. debt!The other issue is that borrowing costs would spike for the government, businesses, and consumers. Since the federal government would choose to abandon its obligations, the global economy would lose its trustworthiness.
US drafts rule to allow Huawei and US firms to work together on 5G standards, sources sayThe U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China’s Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.The Commerce Department placed Huawei on its “entity list” last May, citing national security concerns. The listing restricted sales of U.S. goods and technology to the company and raised questions about how U.S. firms could participate in organizations that establish industry standards. The rule, which could still change, essentially allows U.S. companies to participate in standards bodies where Huawei is also a member, the sources said.
Tranquilos que la solución no vendrá de Europa, sino da miña terra galega. Esto es I+D+Ihttps://www.diariodepontevedra.es/articulo/o-salnes/sanxenxo-sera-pionero-espana-redistribuir-usuarios-playas/202005061313481085177.htmlSi no conocen al alcalde de Sanxenxo, es un legendario zampalangostinos. Mejor dicho, zampacentollas. Sin estudios, trabajador, empresario y constructor. Hecho a sí mismo que dicen.La Xunta le ha perdonado varios millones de euros en multas por sobreprecios en viviendas protegidas y construccion ilegal en primera línea de playahttps://es.wikipedia.org/wiki/Telmo_Mart%C3%ADn_Gonz%C3%A1lez
Cita de: Maloserá en Mayo 07, 2020, 10:02:48 amTranquilos que la solución no vendrá de Europa, sino da miña terra galega. Esto es I+D+Ihttps://www.diariodepontevedra.es/articulo/o-salnes/sanxenxo-sera-pionero-espana-redistribuir-usuarios-playas/202005061313481085177.htmlSi no conocen al alcalde de Sanxenxo, es un legendario zampalangostinos. Mejor dicho, zampacentollas. Sin estudios, trabajador, empresario y constructor. Hecho a sí mismo que dicen.La Xunta le ha perdonado varios millones de euros en multas por sobreprecios en viviendas protegidas y construccion ilegal en primera línea de playahttps://es.wikipedia.org/wiki/Telmo_Mart%C3%ADn_Gonz%C3%A1lezNo sé. Yo me lo pensaría un poco antes de criticar a un alcalde haciendo lo que fuera para salvar lo que pueda de la base económica de su pueblo.En Vigo Abel Caballero pone más estrellas que en Holywood o que en el cielo.
Por un lado, tras la brutal caida de las bolsas en marzo, algunos paletos financieros pensaran que sus tesoroh son mucho mas seguros y rentables que las "accioncillas" esas de empresones que caen sin parar... Por otro lado, parece una salida desesperada de muchas inmobiliarias par ver si consiguen hacer picar a los pocos tontilocos patrios solventes que quedan...No obstante, yo tampoco espero un derrumbre de precios como en el 2008, debido a lo que ya hemos ido comentando (imbersoreh extranjeros, politicas propisito, etc etc). Si alguien quiere comprar primera vivienda (ni locos para invertir), tendra que ser persistente y muy muy rapido cuando vea algo decente....
Awesome!http://economiccollapsenews.com/2020/05/06/reports-say-u-s-considering-defaulting-on-some-or-all-debt-owed-to-china-over-covid-19/CitarReports say U.S. considering defaulting on some or all debt owed to China over COVID-19The United States government is considering different ways to punish China for its mishandling of the coronavirus pandemic.So far, President Donald Trump has hinted at slapping new tariffs on Beijing, which he says will not impact the phase-one trade deal that was signed earlier this year.But a so-called nuclear option might be on the table, according to various reports in the press: canceling all or some of its debt owed to China.Today, the U.S. owes about $1.1 trillion to the world’s second-largest economy as the communist government acquired enormous amounts of Treasurys. Beijing has reduced its holdings since 2011, but $1 trillion is still nothing to sneeze at.Washington may decide to default on its obligations.While most reasonable people do not anticipate the White House to take such drastic action, the Chinese government is preparing for the possibility. Officials are reportedly considering unloading large portions of its U.S. debt holdings.Whether the U.S. defaults or China sells, it would seriously impact the bond market. Imagine flooding the economy with more than $1 trillion in U.S. debt!The other issue is that borrowing costs would spike for the government, businesses, and consumers. Since the federal government would choose to abandon its obligations, the global economy would lose its trustworthiness.
Contra lo que se suele afirmar, EEUU ha impagado en su historia cuando le ha convenido. Por ejemplo, tras conquistarnos Cuba, se tuvieron que hacer cargo de nuestra deuda, como los convenios de la época ya imponían, pero poco después, incurrieron en impago, así que en el fondo, poca sorpresa.
Crunch time for US tenants and landlordsInvestors who saw rental housing as a safe bet before the pandemic are bracing for delinquenciesIn April, landlords fared better than many expected. As of April 26, 91.5 per cent of households had paid rent, according to the National Multifamily Housing Council, a developers group. That was down 4.1 percentage points from the same period a year earlier.But most expect May to be worse. The economy was only just shutting down in many places by the time April rent was due. In the interim, millions of workers have been laid off. Compounding problems, many states have been slow to process the enormous volume of unemployment claims.“There are still a lot of families living pay-cheque to pay-cheque and they’re evaluating their situation week-to-week,” said Priscilla Almodovar, the chief executive of Enterprise Community Partners, a non-profit that focuses on affordable housing.Ms Almodovar is particularly worried about what will happen in August — by which time the $600-per-week unemployment insurance supplement included in the federal stimulus bill will expire. “Unless new relief comes out of Washington, what happens on August 1?” she asked.In the meantime, some landlords believe that politicians are worsening their plight by giving encouragement to tenants who do not wish to pay. Temporary bans on evictions have sprung up across the country. Some politicians are calling for more dramatic relief.Alexandria Ocasio-Cortez, whose congressional district in the New York City boroughs of the Bronx and Queens has been devastated by coronavirus, is supporting proposed legislation that would cancel rent for the duration of the pandemic.“People aren’t striking because they don’t feel like paying rent. They’re striking because they can’t pay rent,” Ms Ocasio-Cortez said. Such a solution would hurt landlords, who still have to pay property taxes and other overheads. Depending on how it is implemented, it could also inflict wider damage on the economy, according to David Stern, president of Townhouse Partners, a due diligence firm that services commercial real estate clients. “It trickles up,” Mr Stern said. “If the renter cannot pay the lease, then the owner can’t pay the lender, and the lender — whoever that is — can’t repay its investors.” Ms Almodovar, a former JPMorgan banker, agreed. She supports a plan popular with many developers: to provide some future assistance to renters in the form of a credit that would go directly to cover rent. “They’re both in it together,” she said of renters and owners. “It’s not constructive to pit one against the other.”Prior to the pandemic, the multifamily sector was thriving. In 2019, it attracted $184bn in investment, according to Real Capital Analytics — more than any other real estate category and the highest level since the firm began tracking the sector in 2000. In January and February, investment was up 13.2 per cent over the same period last year while rent growth was far outpacing inflation in markets like Phoenix and Nashville.Then came the pandemic.Mr Radow has seen distress before. His firm, Radco, was hired by Lehman Brothers three days after its collapse to begin overseeing the liquidation of its vast real estate portfolio. He remembers being brought a trolley cart of files, and then instructed: “They’re all yours. Everyone was fired. Figure them out.” Mr Radow remains convinced that multifamily will again prove its resilience, even if delinquencies rise and rents decline. For April, his revenues were about 6.5 per cent lower than March. In an email to staff, he urged them to have empathy and “understand the pain and fear” of their tenants. By contrast, he could not see any market for hotel rooms — or predict when might one return. He also believes demand for office and retail space will decline well after the crisis has passed. “I think it’s the safest place to be right now,” he said of multifamily housing.That is not to say everyone who put money into rental apartments will be safe. Even before the pandemic, veteran multifamily investors were raising eyebrows at the prices newcomers were paying, and the debt they were taking on to do so.Operators are now facing higher costs for services such as cleaning while social distancing rules are forcing them to use virtual tours to show apartments. The extent of the damage will also depend on what people own — and where. There are properties in Orlando and Las Vegas where residents are largely employed by local resorts that are now shut down. The delinquency rates there could be much higher than elsewhere, developers worry. There is also Texas, which is grappling not only with the pandemic but the collapse of the energy sector. In December, Mr Radow said he unloaded a portfolio that included 10 properties in Texas and Oklahoma.It was part of a broader shift in which he trimmed his portfolio from a recent high of 29,000 units built up during this cycle to about 12,000. “We expected a bad recession,” he explained. But not this.
esta vez los propietarios siguen convencidos de que tras el susto inicial, volverán a subir
Cita de: wanderer en Mayo 07, 2020, 11:02:53 amContra lo que se suele afirmar, EEUU ha impagado en su historia cuando le ha convenido. Por ejemplo, tras conquistarnos Cuba, se tuvieron que hacer cargo de nuestra deuda, como los convenios de la época ya imponían, pero poco después, incurrieron en impago, así que en el fondo, poca sorpresa. Wanderer, que Trump se atreve, me lo creo. Pero seríá absurdo, la deuda con china is 1 trillon americano sobre un total de 16.7 trillones. Un 6%. Un impago a China subiríá mucho los tipos de interés por nueva deuda o cuando toque refinanciar el stock. O sea de tener 16.7 trillones al 1% a tener 15.7 trillones al 5% o que se yo %
Cita de: grillo35 en Mayo 07, 2020, 08:44:49 amPor un lado, tras la brutal caida de las bolsas en marzo, algunos paletos financieros pensaran que sus tesoroh son mucho mas seguros y rentables que las "accioncillas" esas de empresones que caen sin parar... Por otro lado, parece una salida desesperada de muchas inmobiliarias par ver si consiguen hacer picar a los pocos tontilocos patrios solventes que quedan...No obstante, yo tampoco espero un derrumbre de precios como en el 2008, debido a lo que ya hemos ido comentando (imbersoreh extranjeros, politicas propisito, etc etc). Si alguien quiere comprar primera vivienda (ni locos para invertir), tendra que ser persistente y muy muy rapido cuando vea algo decente.... en 2008-2014, realmente no hubo una capitulación inmobiliaria. lo poco en manos de la banca no salio al mercado más que a cuenta gotaslas bajadas vinieron por aumento enorme del tiempo de venta, que llegó a más de 2 añoses decir, los propietarios cansados de esperar AÑOS, fueron haciendo bajadas, y se realimentó a la baja (muy poco a poco), hasta llegar digamos a un -30%, un 5% anual.esta vez los propietarios siguen convencidos de que tras el susto inicial, volverán a subira menos que se fuerce el ajuste (fiscalmente, medios de comunicación, etc), todo tiene pinta a que nos comeremos los unos a los otros mientras el ladrillo sigue brillando PD: pienso que la pelota está en manos de los particulares, puesto que no hay construcción pública masiva y barata, y los "Fondos" no tienen un stock tan grande
Los gestores ya palpan la crisis: "Algunos no tienen para comer, otros se echan a llorar"Las gestorías se han convertido en consultas psicológicas en el estado de alarma. Pequeños empresarios y autónomos llaman desesperados porque no se ven capaces de aguantar másLa crisis en la que navegamos se puede dividir en tres fases, según la experiencia de las gestorías. La primera fase es la que vivimos ahora, el desplome de los ingresos por el confinamiento. La segunda fase ya está a la vuelta de la esquina, y es una oleada de impagos de alquileres, préstamos y tributos cuando los empresarios comprueben que la desescalada no se traduce en un retorno a la normalidad. La tercera fase será un “estallido social” si no se logra contener el batacazo económico, tal como apunta Fernando Santiago, presidente del Consejo General de Colegios de Gestores Administrativos (CGCGA). “Me da miedo que la gente explote, que comiencen los enfrentamientos con la autoridad, que se extienda un estado de ansiedad y desesperación”, advierte. “Cuando termine el estado de alarma, la gente saldrá a la calle y encontrará la verdadera realidad. Me han bloqueado la tarjeta crédito, no puedo pagar el piso, no tengo ingresos… y ojo porque ese es un clima social muy peligroso”.(...) “El impago de alquileres es uno de los grandes problemas que veo para los próximos meses. La gente ya venía muy endeudada y durante meses sus ingresos serán mínimos”, prosigue Yáñez. “Tengo un cliente que se dedica a la estética. Debía varios meses de alquiler pero era habitual que se pusiera al día en verano cuando subían mucho sus ingresos. Ahora el propietario ya le ha dicho que a la calle. No olvidemos que el propietario no está obligado a conceder la moratoria en el pago, es una negociación entre dos. Cuando el estado de alarma termine, nos viene un panorama muy complicado”.
Wall Street is too optimistic as economies start reopening, Stephen Roach warns
Lo dices es correcto, pero por favor, ¡¡los trillones americanos son billones nuestros!!!! Trillion (inglés)=10^12= billón (español)Trillón (español)=10^18¡¡La diferencia es un factor 10^6!!! (un millón).Tengamos mucho cuidado con éstas cosas, por favor.