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US-China trade deal review postponed as China ramps up farm, energy purchasesThe United States and China have delayed a review of their Phase 1 trade deal initially slated for Saturday, sources familiar with the plans told Reuters.They cited scheduling conflicts and the need to allow time for more Chinese purchases of U.S. exports.No new date for the initial six-month compliance review has been agreed, the sources said.
CitarEl S&P 500 ataca su récord histórico y ya recupera un 50% en cinco mesesA tomar por saco la jirafa con gorro incluido....¿Tendremos caricatura de reemplazo?
El S&P 500 ataca su récord histórico y ya recupera un 50% en cinco meses
Broke retailers use bankruptcy to break leasesWith the pandemic intensifying the plight of U.S. retailers, companies from J. Crew Group to the owner of Ann Taylor are using Chapter 11 bankruptcy filings to quickly get out of costly, long-term leases and shutter thousands of stores.By seeking court protection, firms like Neiman Marcus and the parent company of Men's Wearhouse avoid the headache of protracted negotiations with individual landlords. But the moves threaten to upend huge swaths of the real estate market and the half-trillion dollar market for commercial mortgage-backed securities."This is now black-letter law -- a debtor can cram down a landlord," said Melanie Cyganowski, a former bankruptcy judge who's now a partner at law firm Otterbourg PC. "If this becomes a tsunami of retailers rejecting their leases, it's going to trigger another part of the sea change -- the mortgages held by the landlords."As bankrupt firms like J.C. Penney and Brooks Brothers look to jettison leases, landlords are already feeling the consequences. CBL & Associates Properties Inc., owner of more than 100 shopping centers in the U.S., is preparing its own bankruptcy filing after rent collections cratered. And 16% of retail property loans bundled into CMBS were delinquent in July, according to research firm Trepp.At least 25 major retailers have filed for bankruptcy this year, according to data compiled by Bloomberg. The most recent additions include Tailored Brands Inc., owner of Men's Wearhouse and Jos. A. Bank, which is seeking to close about a third of its more than 1,200 stores, and Lord & Taylor parent company Le Tote, which said it could shut down all of the department store's remaining locations."It's economical, it's efficient and it allows retailers to rationalize their footprint quickly," said Fred Ringel, co-chair of the business finance and restructuring practice at the law firm Robinson Brog Leinwand Greene Genovese & Gluck P.C. Ringel, who works for landlords, said he's busier than ever renegotiating leases and in some cases persuading tenants to forgo cancellations and stay under modified terms.Take vitamin retailer GNC Holdings Inc. It operates hundreds of stores across the country, mostly in strip malls. Since filing for bankruptcy in June, GNC has asked to reject at least 500 leases, along with more than 50 franchise agreements and subleases, according to court records.Meanwhile, CEC Entertainment Inc., the parent company of Chuck E. Cheese, is negotiating with its landlords after its June bankruptcy filing. It won court approval this week to defer rent payments as it evaluates which locations it wants to keep open.And the U.S. unit of Spanish retailer Desigual said it was forced to file after struggling to get rent abatements from its landlords. "Unfortunately, DUSA had little success in getting landlords to realize the new reality that most tenants -- especially those in retail -- cannot afford to pay pre-covid-19 rent," a representative for the firm said in court papers.Landlords, in turn, have their own mortgages to worry about, which were also underwritten with pre-pandemic assumptions about rent collections. Some retailers can work out rent abatements and other lease modifications including terminations without filing for bankruptcy. However, negotiating hundreds of deals outside of a court process can be challenging, especially for big retail chains that may have hundreds of landlords to deal with, said Navin Nagrani, an executive vice president at Hilco Real Estate.Bankruptcy flips the power from landlords to tenants. Retailers can legally reject a swath of leases in court, sometimes leaving building owners to collect just pennies on the dollar. Firms can also sell off favorable contracts to other parties to help repay creditors."Sometimes a bankruptcy is the most advantageous way to get out of those leases," Nagrani said.As many as 25,000 stores are expected to close in the U.S. in 2020, mostly in shopping malls, according to Coresight Research. Department stores and fashion boutiques are seen as the most endangered.More than half of mall department stores could close for good by the end of 2021, according to an April report from real estate research firm Green Street Advisors.J.C. Penney said last month that it would shutter more than 150 locations, while Neiman Marcus plans to pull out of New York's Hudson Yards development and close three other U.S. locations.The closures so far are "just the tip of the iceberg," said Garrick Brown, head of Americas retail research for Cushman & Wakefield. Over the next two years, at least 1.2 billion of square feet – 10% of already-occupied store real estate – will go vacant, he said. "Worst-case scenario, that could double."
https://www.mining.com/105-year-chart-gold-price-vs-stocks-shows-metal-still-cheap/Citar105-YEAR CHART: Gold price vs stocks shows bullion still cheap
105-YEAR CHART: Gold price vs stocks shows bullion still cheap
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”
Otro episodio de hoy no me quiero deflactar ....(20% menos horas, 20% menos de dinero) Ahí lo dejo...
Y ya estamos olvidando otra vez que el consumo de estos rebajados 20% de sueldo se verá rebajado.Probablemente en más de un 20%.Las gallinas que salen...¿Tan difícil es tener en cuenta la demanda, cuando es el primer problema?
tenemos hasta 2025 para ultimar la 'desinmobiliarización'.
Citartenemos hasta 2025 para ultimar la 'desinmobiliarización'.Que kronos, eón, zeus, apolo, hera, atenea, y todo el panteón griego le escuchen, por que ESA ES LA PARTE más dificil de ejecutar de todo lo que está por venir.Y no solo en España. Es un cambio de paradigma colosal. A por ellos.
Grillo, es vd tan antipisito como Toro en bolsa.No sé cómo casar eso. Pero muy TE no lo veo.A no ser que se refiera vd al Ibex exclusivamente Respecto al IBEX, no dudo de que pueda estar barato, lo que sí dudo es que pueda soportar un hundimiento de la americana sin caer con ella a los infiernos.Lo cual para los efectos es lo mismo, por saludable que esté el índice.Sds