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https://twitter.com/realDonaldTrump/status/1288509568578777088?s=19
Por las palabras de Calviño da la impresión de que vamos a buscar el resultado de crecimiento PIB caiga quien caiga. Esa heterogeneidad por sectores parece que nos va a dar igual. Es decir, si metemos x mil millones en digitalización y por una carambola de la vida crece el PIB, que le den a los bares, restaurantes y hoteles que tengan que cerrar, por ejemplo. - Target PIB- Vamos con todo, sin plan B (más deuda)- Caiga quien caigaEn cuanto a la industria de la felicidad, ha podido pasar su momento. No tiene sentido en la Era Cero. La felicidad puede venir ahora del equilibrio, lo hemos dicho más veces: más yoga, más salud, más ecología, más consumo responsable, menos coche y más eléctrico, más bicicleta, más picnics en el campo (nos volvemos a los 70). Menos vacaciones exóticas, menos crédito al consumo, menos hipotecón, menos BMW y menos SUVs, menos restaurantes caros y menos ocio nocturno... Será o eso o el descontento. A veces la felicidad, si no se puede conseguir o administrar, se reemplaza con depresión o con ira. No preveo grandes disturbios en España, al no haber una población joven numerosa. Si los hay, los disturbios, vendrán de cuarentones y cincuentones desempleados en masa sin subsidio, o que hayan sufrido recortes (funcionarios, pensionistas). Creo que el crédito al consumo y el crédito vivienda han terminado, aunque puede que en el corto plazo sea necesario continuar con el crédito al consumo para intentar salvar los muebles del comercio, pero no tiene pinta...--Edito porque se me había olvidado comentar que Calviño delira con lo de que ha evitado una caída del PIB. Lo que ha hecho es gastarse un PIB equivalente al que dice haber evitado perder, trayéndoselo del futuro. O sea, sí ha habido pérdida comparable a un porcentaje del PIB: la perdemos hoy, la contabilizamos mañana.
In essence, this is a competitiveness crisis brought about by the distortion of relative prices within the eurozone, which is a result of inflationary overpricing in Southern European countries. This overpricing, in turn, stemmed from the flood of capital that entered these economies after they joined the euro.
Quiénes son los "destructores de hogares" que se hicieron millonarios en EE.UU. (y cómo llegaron a la Casa Blanca)https://www.bbc.com/mundo/noticias-53522031
https://www.reuters.com/article/usa-housing-evictions/u-s-renters-owe-21-5-billion-in-back-rent-republicans-offer-no-eviction-relief-idUSL2N2F029XThe unprecedented amount of back rent is not a macro-economic game changer, said Moody’s Analytics Chief Economist Mark Zandi. But for renters, “it’s catastrophic. Very few people will be able to pay this back,” he said.A debt spiral could haunt displaced tenants “for a lifetime,” he added.Over the spring and early summer, as unemployment surged to levels unseen since the aftermath of the 1930s Great Depression, a patchwork of federal, state and local eviction bans kept renters in their homes.
Cita de: Maloserá en Julio 30, 2020, 13:09:00 pmIn essence, this is a competitiveness crisis brought about by the distortion of relative prices within the eurozone, which is a result of inflationary overpricing in Southern European countries. This overpricing, in turn, stemmed from the flood of capital that entered these economies after they joined the euro. ¿Por qué no se devalúan ellos también? ¿Y Alemania no tiene nada que devaluar?
Kodak rally builds after surprise U.S. pharma deal
PALM BEACH – Acknowledging that “he knows how bad this looks,” a good friend of the Trump family said today that his purchase of $20 million in Kodak shares just prior to the government’s announcement of funding was a coincidence related to his sudden, absorbing passion for classic film photography. Gene Salazar, a Mar-a-Lago member and regular golfing partner of the president, said that the mood to buy millions worth of Kodak stock shortly before it shot up 300% “just struck him early this morning” while he was out walking and definitely not receiving a private call from Donald Trump Jr. regarding the administration’s planned move. “I mean honestly,” he said, “If you told me that Donnie would, completely out of nowhere, throw three-quarters of a billion dollars at Kodak to produce drugs, I wouldn’t have believed you anyway.”
Economy suffers titanic 32.9% plunge in 2nd quarter, GDP shows, and points to drawn-out recoveryCoronavirus triggers steepest recession since World War TwoThe numbers: An economy badly battered by the coronavirus shrank at a record 32.9% annual pace in the second quarter, underscoring just how big a hole the U.S. finds itself in as it labors to recover from the deepest recession in American history.The tidal wave of damage from the first global pandemic in a century was almost as bad as Wall Street expected. Analysts polled by MarketWatch had forecast a whopping 35% decline in gross domestic product, the official scorecard of the U.S. economy.The economy began to recover in mid-May after a severe contraction at the beginning of the quarter, but the U.S. faces a long road back, analysts say. Millions of Americans are still out of work, thousands of businesses have closed and many of those that remain open have had to scale back operations because of tepid demand or ongoing government restrictions.The recent surge in coronavirus cases in about half the states, especially large ones such as Texas, Florida and California, has also dealt a blow to a fragile economic recovery.Previously GDP had never shrunk by more than 10% in any quarter since the government began keeping track shortly after World War Two.What happened: Consumer spending, the main engine of the economy, contracted by a record 34.6% annual clip in the spring.The decline was especially sharp in services T— travel, tourism, medical care, eating out and the like. Businesses that rely on large groups of customers and heavy store traffic bore the brunt of government lockdowns after the pandemic erupted. Spending on services nosedived 43.5%.Households also spent far less on goods, though the decline wasn’t quite as steep. Purchases dropped 11.3%. Americans bought more groceries and other household staples with many working from home, but sales of clothing, gasoline and many other goods all fell sharply.Business investment also stumbled badly as companies froze or slashed spending. Outlays on infrastructure such as oil rigs sank 35% while spending on equipment shrank by 37.7%. Both are record declines.Investment in new housing also shriveled up by 38.7%, but it appears to have sprung back quickly. Record low mortgage rates have spawned a rash of new home sales and spurred builders to step up construction toward the end of the quarter.The level of inventories also shrank by a whopping $234.6 billion annual rate in the second quarter, compared to an $80 billion dropoff in the first quarter.Companies cut back on production as sales slumped and exports tumbled. That’s also weighed heavily on the economy, though production has picked up in the last few months after the economy largely reopened.Government spending was a mixed bag. The federal government stepped in with massive infusions of aid for businesses, households and the unemployed, but states and localities have suffered a big drop in tax revenue even as expenses soared.Overall government outlays edged up 2.7% in the spring. Federal spending jumped more than 17%, offsetting a 5.6% decline in state and local outlays.Trade was a smaller drag on the economy. Exports dwindled by 64% in the second quarter, topping a 53% drop in imports. The coronavirus caused massive disruptions in the flow of global trade and a worldwide slump resulted in far less demand.It may be months if not years before trade fully recovers, economists say, especially with the U.S. and China still at loggerheads on a number of issues. The two countries have the world’s largest economies.The rate of inflation, meanwhile, fell at a 1.9% pace in the second quarter. The cost of many goods and services have fallen as companies cut prices to try to drum up sales. Inflation is likely to remain low until the pandemic fades.Looking back at the first quarter, the originally reported 5% drop in GDP was unchanged. The pandemic struck in early March and tore a huge hole the economy in the final month of the quarter.Big picture: The economy is primed to expand in the third quarter, but the surge in coronavirus cases has already taken some air out of the recovery. Economists polled by MarketWatch predict GDP will expand 18% from July to September, though estimates are likely to be ratcheted down.The path of the recovery depends heavily on whether Congress passes another massive relief package, economists say, and whether the virus is brought under control again. Prolonged uncertainty will only cause Americans to save more and spend less and hurt the economy.What they are saying?: “The virus is the boss,” said corporate economist Robert Frick of Navy Federal Credit Union. “The longer this goes on, the deeper the damage.”Market reaction: The Dow Jones Industrial Average DJIA, +0.60% and S&P 500 index SPX, +1.24% were set to open lower in Thursday trades. Stocks have traded in a narrow range for the past few weeks.
Artículo interesantísimo. Aunque este señor no puede estar hablando desde un punto de vista imparcial o crítico, viniendo de donde viene y asesorando a quien asesora. Está lanzando un mensaje: quiere que nos devaluemos, sólo nosotros.
Donald Trump calls for delay to 2020 US presidential electionDonald Trump has called for November's presidential election to be postponed, saying increased postal voting could lead to fraud and inaccurate results.He suggested a delay until people can "properly, securely and safely" vote.There is little evidence to support Mr Trump's claims but he has long railed against mail-in voting which he has said would be susceptible to fraudUS states want to make postal voting easier due to public health concerns over the coronavirus pandemic.In a tweet, Mr Trump said "universal mail-in voting" would make November's vote the "most inaccurate and fraudulent election in history" and a "great embarrassment to the USA".
Trump suggests delaying election amid fraud claims, but has no power to do so(...) Trump has no power to unilaterally delay elections, which were set for the first Tuesday in November through a mid-19th century law passed by Congress. Since then, it has never changed, said presidential historian Michael Beschloss.
U.S. weekly jobless claims rise for a second straight week, total 1.434 million
Trump pide retrasar las elecciones presidenciales de 2020...
Cita de: Derby en Julio 30, 2020, 15:30:42 pmTrump pide retrasar las elecciones presidenciales de 2020...Está preparando el terreno para su momento Chávez.