Los administradores de TransicionEstructural no se responsabilizan de las opiniones vertidas por los usuarios del foro. Cada usuario asume la responsabilidad de los comentarios publicados.
0 Usuarios y 1 Visitante están viendo este tema.
Para acertar, yo siempre leo los discursos de los políticos al revés, así sí que cobran sentido.
La herencia media que reciben los españoles es de las más altas de la OCDE y supera a la de franceses y alemanes
Comparto unos pensamientos que me rondan últimamente:Estas últimas semanas he tenido que rondar mucho por pequeños industriales por causas de un proyecto, de varios sectores: tapiceros, metalistas, carpinteros , proveedores de productos químicos...Todos se han dado fechas de entrega elevadas porque "están saturados" de trabajo.No se les puede apretar, van sobrados.Por otra parte, y con mi habitual método del ojímetro, hago mis cálculos:17 millones de activos.13 meses con un ahorro de gasto de unos 400€ por salario/mes y 200 jubilado/mes ( no calculo por persona porque compenso grosso modo los dependientes -niños y ancianos- con los que tienen salario mediano y no ahorran nada; así como saco de la ecuación a parados, pero incluyo a trabajadores en ERTE porque cobran uanwue sea a lomos de la deuda futura de todos).Eso suma alrededor de 100.000 millones €.Y digo:En restaurantes, copas y viajes quizás no, pero en otras cosas hay mucha demanda congelada.Líquido + embudo de producción por acumulación de demanda de 13 meses= INFLACION FORZADA?Me refiero a que si haces parada técnica, purgas determinados sectores, purgas determinados jugadores débiles de cada sector, acumulas ahorro de 100 KMILL, sacas a todos de repente con la demanda habitual mas la acumulada de 13 meses con el embudo consiguiente , y qué nos queda?Inflación provocada quizás?Todo ello a costa del aumento de deuda pública. Pero eso es un problema que ya trataremos.Poniendo un símil de maquinaria:El motor no sube de vueltas.Meto más gasolina.Tiene fugas y no tiene compresión.No quema bien la mezcla y se ahoga por exceso de gasolina.Parada .Purga y limpieza de impurezas.ralentí.Inyección vitaminada para subir de vueltas.O algo parecido.Tiene sentido?Sds.
As the U.S. economy restarts from the pandemic, parts of it are severely brokenThe country is faced with major shortages in everything from labor to semiconductors, lumber and packaging materials.The scarcity is not only preventing the economy from reaching its full potential, but also raising fears of higher inflation as companies are forced to hike prices.“These shortages, both labor and non-labor, will affect the speed under which the economy recovers,” said Michael Gapen, head of U.S. economics research at Barclays.The U.S. economy is trying to restart its engine after tumbling into its deepest recession in generations, but a variety of supply-chain constraints are threatening the country’s rebound.The country is faced with major shortages in everything from labor to semiconductors, lumber and packaging materials. Not even swimming pools can be counted on this summer with the U.S. running low on chlorine. The scarcity left and right is not only preventing the economy from reaching its full potential, but also raising fears of higher inflation as companies are forced to hike prices amid the low supply.“These shortages, both labor and non-labor, will affect the speed under which the economy recovers,” said Michael Gapen, head of U.S. economics research at Barclays. “Labor and non-labor inputs are complements in production. You need both. If I can’t get my semiconductors to make my autos, then I don’t necessarily need to hire more labor right now.”The U.S. labor force participation rate still remains well below pre-pandemic levels as many Americans have yet to go back to work partly due to generous unemployment benefits and childcare duty. Meanwhile, manufacturers are struggling to catch up with a jolt in demand amid supply crunches in components and raw materials, stalling the rebound across broad swaths of the economy from housing to services, tech, autos and leisure.“This is going to be a longer process coming out than when it went in,” Gapen said. “Like the global economy is recovering at an uneven pace, it’s likely that the U.S. economy is going to do the same. There are some kinks to still work out in the system.”’10 million jobs short’The labor market is ready to snap back, but there appeared to be a lack of available workers to continue to power the grand recovery.Hiring was a huge letdown in April with nonfarm payrolls increasing by just 266,000, compared to a consensus estimate of 1 million jobs per Dow Jones.“This is a labor market that is 10 million jobs short of where it should be. But unlike the normal shortages that we have, I think this is just as much about a shortage in labor supply as it is about a shortage of labor demand,” said Jason Furman, an economist at Harvard University and a former Obama administration advisor.Companies are struggling to hire workers at a time when Covid infection risk persists. Meanwhile, federal jobless benefits, as well as childcare obligations with many schools still closed could be preventing many Americans from re-entering the labor force.The labor force participation rate plunged to its lowest level since 1973 in April as the pandemic kicked a massive number of workers out of the jobs market. While the rate has edged higher in the following months, it is still stubbornly below pre-Covid levels — 61.7% in April versus more than 63% before March 2020.“We have job openings at record levels, we have workers voting for their confidence in labor markets with near-record levels of quits,” Furman said.“If you look at April, it appears that there were about 1.1 unemployed workers for every job opening. So there are a lot of jobs out there, there is just still not a lot of labor supply.”Companies raise alarm bells on chip shortageWhen the Covid-19 pandemic hit, an already red-hot semiconductor industry experienced a demand explosion in products like smartphones and computers, causing an unprecedented supply shock that grips businesses across the board rushing to meet orders.The semiconductor scarcity has been well documented by executives on earnings calls this quarterly reporting season. At least 70 S&P 500 companies highlighted a chip shortage during their earnings calls over the past three months, according to CNBC analysis of FactSet data.Ford Motor said that the chip crunch slashed first-quarter vehicle volume by 17%, hitting 2021 free cash flow by $3 billion. CEO Jim Farley warned that the impact to production will get worse before it gets better.Tesla CEO Elon Musk said the electric carmaker suffered “some of the most difficult supply chain challenges” in the firm’s history in the first quarter.“Insane difficulties with supply chain with parts – over the whole range of parts. Obviously, we’ve heard about the chip shortage. This is a huge problem.” Musk said on an April 26 earnings call.It’s not just electronics and autos — companies of all types are updating investors on the fallout of the semi crunch. Chips have become such a ubiquitous component to wide-ranging products that firms selling medical devices, chemicals, apparel, and even tobacco are all sounding the alarms, according to the analysis.Lumber prices driving up home costsLumber, the wood used to frame a house as well as in cabinets, doors and flooring, saw its prices surging more than 80% this year and up 340% from a year ago. The soaring prices were triggered by a combination of reduced supply amid pandemic shutdowns and surging demand for new homes.Brooks Mendell, President and CEO of forest industry consulting firm Forisk, said on CNBC’s “Worldwide Exchange” Monday that consumer demand for lumber did not slow down even when many manufacturers were forced to halt operations.“Beginning last year when Covid and the recession hit, the sawmills slowed down, projects that were expanding mill capacity slowed down,” he said. “But meanwhile everybody at home kept doing their projects, home demand continued, and repair and remodeling just kept cooking along.”As a result of the shortage, the price of an average new single-family home has increased by nearly $36,000, according to an analysis by the National Association of Home Builders.“This unprecedented price surge is hurting American home buyers and home builders and impeding housing and economic growth,” said NAHB Chairman Chuck Fowke in a statement.Packaging materials costs soar 50%There is also a major shortage in packaging materials such as plastics, paper and metals, which drove packaging costs up more than 50% since the start of the pandemic, according to data from Mintec Global.A rapid rise in e-commerce during the lockdown created a surge in demand for paper packaging materials, which tightened supply further amid reduced wastepaper from the retail sector, according to analysts at Mintec.Meanwhile, supply is expected to be limited for longer as many paper mills stop for scheduled maintenance in the spring, the analysts said.Prices for most plastic materials are trending at multi-year highs with U.S. polypropylene prices more than doubling year over year, according to Mintec. On top of lockdown restrictions at the height of the pandemic, plastic markets were hit by substantial plant outages in the third quarter caused by hurricanes followed by severe winter storms during February.Furthermore, logistical problems including container bottlenecks and a lack of shipping containers has led to an exponential rise in freight costs, Mintec said.It’s widely expected that some of the supply-chain bottlenecks and increasing price pressures will get passed down to consumers.“Over the course of 2021, goods price inflation will be above its longer-term trend,” Gapen said.Economists expect April consumer price index to rise 0.2% over March, after a gain of 0.6% the month earlier. But on a year-over-year basis, CPI is expected to look sizzling with a 3.6% jump, according to Dow Jones. Chemical fire shrinks chlorine supplyChlorine had already been more in-demand than usual this past year due to pandemic-induced home improvement projects and staycations. Then a chemical fire erupted at one of the country’s major manufacturers of chlorine products in Louisiana, cutting off a key source of supply.Chlorine prices started to rise after the August fire, data from IHS Markit shows, and are up 72% from January 2019 levels. The plant is not expected to reopen until 2022.Americans may be forced to seek alternatives this summer such as converting pools to saltwater systems, but those, too, are in short supply.
https://www.cnbc.com/2021/05/11/as-the-us-economy-restarts-from-the-pandemic-parts-of-it-are-severely-broken.htmlCitarAs the U.S. economy restarts from the pandemic, parts of it are severely brokenThe country is faced with major shortages in everything from labor to semiconductors, lumber and packaging materials.The scarcity is not only preventing the economy from reaching its full potential, but also raising fears of higher inflation as companies are forced to hike prices.“These shortages, both labor and non-labor, will affect the speed under which the economy recovers,” said Michael Gapen, head of U.S. economics research at Barclays.
As the U.S. economy restarts from the pandemic, parts of it are severely brokenThe country is faced with major shortages in everything from labor to semiconductors, lumber and packaging materials.The scarcity is not only preventing the economy from reaching its full potential, but also raising fears of higher inflation as companies are forced to hike prices.“These shortages, both labor and non-labor, will affect the speed under which the economy recovers,” said Michael Gapen, head of U.S. economics research at Barclays.
La derecha arrasa en la CAMAyuso en el Mercadona del PAU: ¿por qué la izquierda nunca gana en Madrid?La Comunidad de Madrid lleva sin tener un presidente de izquierdas desde 1995. Causas a corto, medio y largo plazo de un colapso políticohttps://www.elconfidencial.com/espana/madrid/2021-05-11/ayuso-gabilondo-elecciones-madrid-comunidad_3072792/
Dos noticias en prensa británica en la línea de los comentarios de Negrule y RGCIMhttps://www.telegraph.co.uk/business/2021/05/11/fed-qe-really-will-cause-inflation-time/This time the US really is heading into a serious inflation stormIt makes little sense for many to work when Joe Biden’s stimulus plan will continue to pay an extra $300 per week in unemployment top-up benefits until September, especially since schools are disrupted and the cost of child care is exorbitant. Goldman Sachs estimates that half of those currently unemployed would take a cut in take-home pay if they found a job today.
Interesante análisis (bastante sesgado, pero !quién soy yo para hablar de sesgos!). Juzguen ustedes mismos:CitarLa derecha arrasa en la CAMAyuso en el Mercadona del PAU: ¿por qué la izquierda nunca gana en Madrid?La Comunidad de Madrid lleva sin tener un presidente de izquierdas desde 1995. Causas a corto, medio y largo plazo de un colapso políticohttps://www.elconfidencial.com/espana/madrid/2021-05-11/ayuso-gabilondo-elecciones-madrid-comunidad_3072792/Achacarlo todo a la pisitofilia, es muy reduccionista -.admitiré, sin embargo, que es un factor importante.-, y contribuye en poco o nada a que la izquierda entienda que ha pasado. O si quieren, no me hagan caso, que ya saben que soy su fachorro de cabecera.Saludetes
La herencia media que reciben los españoles es de las más altas de la OCDE y supera a la de franceses y alemanes(...)Más ricos en Madrid por la fiscalidadEl estudio, que califica a Madrid como un "refugio fiscal" dentro de España por su bonificación del Impuesto sobre Sucesiones, concluye que como consecuencia de dicha medida, el número de ricos en la capital se ha incrementado un 10% en relación con las demás regiones.(...)
Se aplicará una deducción para las donaciones de los sujetos pasivos comprendidos en los Grupos I y II de parentesco de los incluidos en el artículo 20.2.a) de la Ley 29/1987 del Impuesto sobre Sucesiones y Donaciones, del 99% de la cuota tributaria, si la base liquidable es inferior o igual a 400.000 €. La deducción será del 50% para la parte de la base liquidable que supere los 400.000 euros..
Ark's Cathie Wood predicts 'serious correction' in commodities(...)“The scramble is more today than what we’ve seen in any other cycle,” Wood said, predicting that “we will have a very serious correction in commodity prices” once the global economy fully reopens.Deflation, rather than inflation, will likely be the dominant theme in global markets in the years ahead due to technological innovation, Wood said. Yields for the benchmark 10-year Treasury will likely stay within a range between 1.5% and 3%, she said, while oil prices are unlikely to go above $70 per barrel.(...)