PPCC: Pisitófilos Creditófagos. Verano 2019

[Derby]

https://business.financialpost.com/investing/investing-pro/the-feds-weird-rate-cut-might-be-the-first-sign-that-japans-deflationary-nightmare-is-spreading

The Fed's weird rate cut might be the latest sign that Japan's deflationary nightmare is spreading

So at least in part, it’s reasonable to assume that the Fed’s move this week has something to do with trying to kick-start inflation towards target, or at least maintain it at its current level. (Core personal consumption expenditure, or core PCE, growth is sitting around 1.7 per cent.)

This raises a couple of important questions. One is, how far is the Fed willing to go to maintain or raise inflation? And if the answer is “as far as it takes,” then what will that look like?

The answer to that second question is “quite a bit” — at least judging by the example of Japan.

[Derby]

https://twitter.com/realDonaldTrump/status/1156666163310530560

Trump: What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world....

https://twitter.com/realDonaldTrump/status/1156666164732473345

Trump: ....As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place - no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!

[Derby]

Editorial de hoy del Guardian llamando a la responsabilidad de los parlamentarios para frenar el Brexit sin acuerdo.

https://www.theguardian.com/commentisfree/2019/aug/01/the-guardian-view-on-no-deal-planning-stop-this-political-lie

The Guardian view on no-deal planning: stop this political lie

A rational policymaker would therefore be seeking ways of avoiding no-deal rather than feeding expectations that it will happen. The Johnson government, though, has ramped up the rhetoric and pumped in another £2.1bn in public money, not least on its own propaganda. Some of its commitments – like the pledge to buy UK lamb to protect hill-farmers – seem to have been made up on the spur of the moment. Others, like the disgraceful relabelling of the Irish backstop as anti-democratic, when it is not, are lies designed to mislead the public. For a government to say it does not want something to happen because it would be so damaging and then to spend so much of its money and its political capital on the possibility that it will is a shameful strategy. Nothing matters more in British politics right now than that MPs use every weapon to prevent a no-deal exit.

[Derby]

Ayer Boris Johnson anunció que podría haber un periodo transicional de 2 años para hacer efectivo el Brexit...hoy:

https://www.telegraph.co.uk/politics/2019/08/01/sixty-backbench-tories-will-vote-withdrawal-agreement-even-irish/?li_source=LI&li_medium=li-recommendation-widget

Sixty backbench Tories will vote down Withdrawal Agreement even if the Irish backstop is removed, warns Mark Francois

Dozens of hardline Brexiteer MPs are vowing to vote down the Withdrawal Agreement even if it does not include the backstop, after Boris Johnson suggests there will be a transition period.

[Derby]

https://www.bnnbloomberg.ca/nervous-homebuyers-might-want-to-sit-on-sidelines-says-author-predicting-crash-1.1295872#_gus&_gucid=&_gup=twitter&_gsc=unyaczS

Nervous homebuyers might want to sit on sidelines, says author predicting crash

Restoring affordability to housing will require a 40 to 50 per cent decrease in prices from the peak, he said.

[Derby]

https://markets.businessinsider.com/news/stocks/trump-china-trade-war-us-imposing-more-tariffs-in-september-2019-8-1028409537

Trump says the US will slap tariffs on virtually all Chinese imports next month

[asustadísimos]

(Bajan los tipos en EEUU y sube el dólar porque, para comprar la pródiga deuda pública norteamericana, hacen falta dólares —vid. comentarios en Transición Estructural Net, de los días 28 y 29 de junio—.

La deuda pública norteamericana es pródiga porque la política monetaria ha sido 'pincharreburbujista' y la autoridad fiscal, manirrota.

La Bolsa norteamericana no se desploma —aunque según escribimos estas líneas ha caído abruptamente de +1% a -1% en cosa de 10 minutos— por el voluntarismo de los resentidos que piensan que la bajada de tipos no se debe a que se han conseguido los objetivos 'pincharreburbujistas', sino porque se dimite de ellos, humillándose la autoridad monetaria ante la fiscal.)

[PastorMesetario]

En estos momentos hay un estallido de volatilidad tremendo.

Caída fulminante de índices y petróleo. Subida espectacular del oro spot desde la media de doscientos. Bitcoin también ha subido con fuerza.

Ojo con agosto; ojo. Hay nervios.

 Inquietud y poca liquidez es una combinación muy peligrosa.

[asustadísimos]

Rentabilidad Bono EEUU 10 años = -6%
Petróleo Brent = -6%
S&P500 VIX = +11%

[wanderer]

https://business.financialpost.com/investing/investing-pro/the-feds-weird-rate-cut-might-be-the-first-sign-that-japans-deflationary-nightmare-is-spreading

The Fed's weird rate cut might be the latest sign that Japan's deflationary nightmare is spreading

So at least in part, it’s reasonable to assume that the Fed’s move this week has something to do with trying to kick-start inflation towards target, or at least maintain it at its current level. (Core personal consumption expenditure, or core PCE, growth is sitting around 1.7 per cent.)

This raises a couple of important questions. One is, how far is the Fed willing to go to maintain or raise inflation? And if the answer is “as far as it takes,” then what will that look like?

The answer to that second question is “quite a bit” — at least judging by the example of Japan.

¡Ya quisieran muchos la pesadilla deflacionaria japonesa! Mucho cinismo y afán de retorcer el lenguaje hay por ahí. Claro que Japón es una sociedad muy cohesionada y capaz de vivir de otras cosas que no sean meramente el ladrillo...

También que la astronómica deuda pública japonesa sea mayormente tenida por ellos también influye, claro.

[asustadísimos]

(La FED ha roto a bajar tipos de interés, precisamente, en medio de un máximo bursátil como jamás nunca se ha visto en la Historia, estridente como él solo. Es como si fuera una especie de remedio homeopático.)

[Derby]

https://www.bloomberg.com/news/articles/2019-07-31/asia-stocks-set-to-track-u-s-sell-off-after-fed-markets-wrap?srnd=premium

U.S. Stocks Tumble, Bonds Surge on Fresh Tariffs: Markets Wrap

The S&P 500 saw the biggest two-day drop since May, with stocks swinging 2% from gains to losses, after Trump said America will levy a 10% tariff on $300 billion in Chinese goods starting Sept. 1. After markets closed, the president said the new levies could be raised beyond 25%.

The 10-year Treasury yield dropped to the lowest level since 2016, while two-year rates plunged as much as 18 basis points as traders increased bets on Fed cuts to another half point this year.

[alpha]

https://www.theguardian.com/politics/2019/jul/31/brexit-mess-with-good-friday-and-well-block-uk-trade-deal-us-politicians-warn

We'll block trade deal if Brexit imperils open Irish border, say US politicians 

Any future US-UK trade deal would almost certainly be blocked by the US Congress if Brexit affects the Irish border and jeopardises peace in Northern Ireland, congressional leaders and diplomats have warned.

Boris Johnson has presented a trade deal with the US as a way of offsetting the economic costs of leaving the EU, and Donald Trump promised the two countries could strike “a very substantial trade agreement” that would increase trade “four or five times”.

Trump, however, would not be able to push an agreement through a hostile Congress, where there would be strong bipartisan opposition to any UK trade deal in the event of a threat to the 1998 Good Friday agreement, and to the open border between Northern Ireland and the Republic.

Me gustaba más el titular original, que aún se puede ver en la URL del enlace

Mess with Good Friday and we'll block any trade deal.

Con el 10% de americanos de origen irlandés han topado. Toma "special relationship".

[PopArt]

Central Bank Hunger for Gold Lifts Demand to Three-Year High
(El apetito de los bancos centrales eleva la demanda de oro a máximo de tres años)

https://www.bloomberg.com/news/articles/2019-08-01/central-banks-hunger-for-gold-pushes-demand-to-three-year-high

Hay nervios, será en agosto. No me alegro, hoy he perdido mi trabajo de mierda pero cómodo que mantenía desde hace más de 6 años. Los "bienpagaos" de la DPOP (dirección por objetivos pervertida) se quedan, se suben el sueldo, se auto-promocionan y se llevan sus bonus impresentables, achacando los despidos a una evolución del negocio por debajo de lo esperado. Me lo tengo bien ganado. Aunque como era el único inmoindultado de la oficina no hay mucho que lamentar.

"En el día de hoy, cautivo y desarmado el ejército pisitófilo, han alcanzado las tropas Transicionistas sus últimos objetivos militares. LA GUERRA HA TERMINADO".

1 de agosto de 2019, año de la Victoria

Fdo. El Asustadísimo

[el malo]

Central Bank Hunger for Gold Lifts Demand to Three-Year High
(El apetito de los bancos centrales eleva la demanda de oro a máximo de tres años)

https://www.bloomberg.com/news/articles/2019-08-01/central-banks-hunger-for-gold-pushes-demand-to-three-year-high

Hay nervios, será en agosto. No me alegro, hoy he perdido mi trabajo de mierda pero cómodo que mantenía desde hace más de 6 años. Los "bienpagaos" de la DPOP (dirección por objetivos pervertida) se quedan, se suben el sueldo, se auto-promocionan y se llevan sus bonus impresentables, achacando los despidos a una evolución del negocio por debajo de lo esperado. Me lo tengo bien ganado. Aunque como era el único inmoindultado de la oficina no hay mucho que lamentar.

"En el día de hoy, cautivo y desarmado el ejército pisitófilo, han alcanzado las tropas Transicionistas sus últimos objetivos militares. LA GUERRA HA TERMINADO".

1 de agosto de 2019, año de la Victoria

Fdo. El Asustadísimo

Espero que por lo menos te hayas ido con un paquete bajo el brazo.. y aguantar el chaparrón con el cash en la mano.