PPCC: Pisitófilos Creditófagos. Invierno 2024

[puede ser]

Y mientras tanto, en una aldea poblada por irreductibles gañanes:

https://elpais.com/economia/2024-01-25/vivienda-anuncia-que-el-aval-publico-de-hipotecas-para-jovenes-estara-listo-en-febrero.html

Vivienda anuncia que el aval público de hipotecas para jóvenes estará listo en febrero
La ministra Isabel Rodríguez asegura que el convenio con el ICO, anunciado el pasado mayo, es “inminente”

Versión refranero de viejas:
"Rico en ladrillo,
caldo clarillo"

Versión graffiti:
"Inversor en ladrillo: cuñado con palillo"

(Hay que avergonzarles, véase el origen de la palabra boicot:
"Del cartero al herrero, pasando por la lavandera o los tenderos, todos los habitantes del pueblo se negaron a servir a aquel administrador, a hacerle los recados o a venderle ningún producto. El administrador, completamente aislado por aquella campaña de ostracismo social, se vio obligado a hacerse traer la comida por barco desde una ciudad cercana."
https://www.libertaddigital.com/opinion/los-enigmas-del-11m/una-campana-contra-los-desahucios-abusivos-12128/)

[CHOSEN]

Bueno, al menos ya sabemos la respuesta del gobierno de comunistas, nacioncitas separatistas y etarras, presidido por el exconsejero de Caja Madrid:
HIPOTECAS PÚBLICAS

Supongo que esto es a lo que Saturno se refiere cuando dice " diviértanse".
 

[Derby]

https://www.ft.com/content/ac085bda-5b45-4753-8618-551e22570dd8

Tesla shares on track for worst day since 2020
Jaren Kerr in New York



Shares of Tesla were on track for their worst daily fall in more than three years on Thursday, after the electric-car maker warned that 2024 sales growth would be “notably lower”.

Tesla told investors in its earnings results on Wednesday afternoon that it was “between two major growth waves” and that waning demand and increased competition were dulling the effect of price cuts meant to spur sales.

Shares of the company dropped 12.7 per cent on Thursday, on track for its steepest one-day loss since September 2020, when it posted a record one-day fall of 21.1 per cent.

Blackstone plans deal spree to pre-empt market revival
Antoine Gara in New York

Blackstone plans to step up its dealmaking before a rebound in markets drives prices higher, the president of the private equity firm has told the Financial Times.

“The wheels of merger and acquisition activity are picking up . . . We’d like to [invest] more before it is a consensus view because, by the time you get there, then valuations have moved,” said Jonathan Gray.

Since 2022, a sharp rise in interest rates has caused takeover activity and the listings of new public companies to slow markedly. Expectations that the US Federal Reserve will soon start cutting interest rates from two-decade highs have raised hopes among dealmakers for an M&A recovery.

[senslev]

Transitory.

[Derby]

https://www.breakingviews.com/considered-view/blackstone-is-calling-the-bottom-almost/

Blackstone is calling the bottom, almost

Frowns, upside down. Not even the mighty Blackstone can defy the economy. At present that’s a good thing. The $1 trillion asset manager broke a five-quarter run of declining earnings in the fourth quarter. Money deployed for deals and cash flowing into its funds also increased year-on-year after a similar-length dry spell. Boss Steve Schwarzman says 2023 was the industry’s nadir, which means what comes next is the bounceback. Everything is going as a Blackstone investor might hope – except for one precious piece of the puzzle.

Like his peers, Schwarzman had a rough 2023. Private equity firms couldn’t easily find cheap credit to fund their purchases of companies and assets. At Blackstone, 2023’s lucre from asset sales fell by over half from 2022. Fortunately, such lumpy income has always been cyclical, and thus shareholders tend to pay less attention to it than they do income from fees charged on the funds Blackstone manages. The catch has been that fees have wobbled too, with ructions in areas that are meant to be very stable, like Blackstone’s small-dollar property fund BREIT, which in 2022 experienced a temporary but troubling investor rush for the exits, and has been limiting withdrawals for over a year now.

The drivers of slowing deals, inflows and earnings are all easing now. The Federal Reserve is no longer tightening U.S. monetary conditions. Schwarzman predicts that too-hot inflation has ended, which should lead to rate cuts. Executives say that the pain in real-estate markets is nearing an end, and resilient U.S. GDP growth reported on Thursday supports the sunny outlook. And if the decline in asset values has reached a bottom, now should be the time to start buying and selling again. Blackstone’s fourth-quarter numbers bear some of this out. Profit from asset sales rose 16% year-over-year, helping to drive growth in earnings for the first time since mid-2022.

But there’s still one thing missing: all-important fee income. Management fees slipped slightly from the prior three months, and fees reaped from investment performance have yet to pick back up. Both should stage a revival, but the timing is hard to predict. BREIT, at least, should probably stop gating redemptions this quarter, Blackstone says. But a stabilizing market could bring new challenges: for example, banks too have sensed the change in economic mood, and are beginning to compete again with private lenders like Blackstone. The storm has ceased; the clouds remain.

Context News

Alternative asset manager Blackstone said on Jan. 25 that it generated nearly $1.4 billion in earnings in 2023’s fourth quarter, up 4% from the year prior and 17% above analyst expectations, according to LSEG. Blackstone’s preferred measure of “distributable” earnings excludes one-off items and its share of gains and losses from investments made by its funds.

Capital deployed into investments and fund inflows ended a five-quarter pattern of declines, rising 66% and 22%, respectively, from the same period a year prior. Base management fee growth continued to slow year-over-year, to 1.6%, and declined roughly 1% from the prior quarter.

[senslev]

Ladrillo para el mafiosillo.

https://www.vozpopuli.com/espana/imperio-jefe-mocro-maffia-espana.html

Españistán paraíso de las mafias. 

[Noodles]

Bueno, al menos ya sabemos la respuesta del gobierno de comunistas, nacioncitas separatistas y etarras, presidido por el exconsejero de Caja Madrid:
HIPOTECAS PÚBLICAS

Supongo que esto es a lo que Saturno se refiere cuando dice " diviértanse".
 

Para enmarcar!

[Derby]

https://www.bloomberg.com/news/articles/2024-01-25/uk-breaks-off-free-trade-talks-with-canada-on-lack-of-progress

UK Breaks Off Free Trade Talks With Canada on Lack of Progress

The UK has paused talks to strike a free trade deal with Canada, citing a lack of progress.(...)

[asustadísimos]

[LEMA ROMPEDOR.—

Cosecha hasta el momento:

Ladrillo no es Riqueza.
Fentadrillo.
¡Es el Ladrillo, idiota!
¡Es el Ladrillo, membrillo!



¡El Ladrillo, idiota, el Ladrillo!
Naviero busca piso para compartir.
El Ladrillo te saca el higadillo.
Ladrillo igual a Pobreza.
Más vale dinero en mano que ladrillo sobrevalorado.
Inversor en ladrillo, agujero en el bolsillo.
Al dinero, por su vejez, no le engañan ni una vez.
Ladrillo mata bolsillo.
Más vale dinero en mano que cientos de ladrillos volando.
Ladrillo, agujero en el bolsillo.
Ladrillo y dinero, malísimos compañeros.
O ladrillo o veranillo.
Para el fullero, el ladrillo es dinero.
Baja el ladrillo: dinero al bolsillo (y palillo caído).
El ladrillo rompe el bolsillo.
Enladrilla y luego chilla.
Inmueble reciente, dueño indigente.
Inmueble reciente, dinero ausente.
Ladrillo acumulado, dinero evaporado.
Hazte casero y pierde tu dinero.
Dinero en inmuebles para siempre lo pierdes.
Quien al piso metió un kilo, sin hijos y en el asilo.
Nido en la nube, miseria que sube.
Pájaro con llave en mano, estafador o estafado.
Prop sin din son leches en latín.
Rico en ladrillo, caldo clarillo.
Inversor en ladrillo: cuñado con palillo.
Ladrillo, para el mafiosillo.

Estamos rondándolo.

Otros:
El ladrillo solo es dinero para el usurero.
Propiedades sin dinero, ¿para qué os quiero?
Dinero llama dinero; ladrillo, solo ladrillo.

¿Somos incapaces de dar en la diana o qué?

[patxarana]

Va, un último meme, que esto es muy divertido 

[asustadísimos]

[El aval del Estado (20% del valor de tasación) es un arma de doble filo. Permite al banco prestar el 100% del valor de tasación, sin apenas consumo de capital regulatorio. Pero, si el deudor impaga, este se verá debiendo a dos monstruos: al banco —lo que le quede por pagar— y al Estado —lo que este haya pagado por él—.]

[asustadísimos]

[Hazte casero y pierde tu dinero es genial de la muerte.]

[Noodles]

Inversiones sólidas, no ladrillos frágiles

Ladrillo en exceso, patrimonio en retroceso

Líquido es el rey, no el ladrillo que cae

Prefiere ingresos a ladrillos, la clave de tus bolsillos

[saturno]

Bueno, al menos ya sabemos la respuesta del gobierno de comunistas, nacioncitas separatistas y etarras, presidido por el exconsejero de Caja Madrid:
HIPOTECAS PÚBLICAS

Supongo que esto es a lo que Saturno se refiere cuando dice " diviértanse".
 

Usas el término aquí con sentido de shadenfreude, creo-
La diferencia es si participas, pero tienes que aceptar jugar,

La imagen del Coyote de la Wagner es shadenfreude
Correcaminos es el único que se divierte, Participa-

Pero el espectador (los niños, sus padres) aprenden y transmiten shadenfreude -- esperan que la historia termine "bien" (es decir, que se repita, que vuelva a empezar) y que la Wagner siga dándoles siempre más---

Correcaminos se divierte- Pero está sólo, No habla, No se organiza-

[Cadavre Exquis]

Saludos.