PPCC - Pisitófilos Creditófagos - Primavera 2019

[Juan]

Habrá que darle la enhorabuena a Alemida, que podrá cancelar otros 400M extra de deuda en cuanto las vuelva a vender.

[muyuu]

https://twitter.com/lbcbreaking/status/1135901624596144128

President Trump has predicted the US and UK will reach an agreement over how to deal with Chinese telecoms giant Huawei.

[Derby]

https://www.thesun.co.uk/news/brexit/9216865/emmanuel-macron-brexit-final-deadline/

Emmanuel Macron says Britain should leave EU with or without a deal on October 31

The French President said our current exit date should be the “final, final deadline” in a boost to Brexiteer PM hopefuls like Boris Johnson.

But he added holding a second referendum or a devising a “totally new scheme” on the future relationship could justify another extension.
Speaking in Paris, Mr Macron warned the next British PM that trying to renegotiate the backstop would be a “non-starter”.

He said: “I think this is the final, final deadline because I don’t want to have the new Commission deal with this.

“I think it is a big mistake to procrastinate. I do believe we now have to implement the British people’s decision.”

But on a further delay, he then added: “Except if the British people themselves decide something else.

“It’s feasible if we have the perspective of either a new referendum or a totally new scheme which would be acceptable for the 27 and our negotiator.”

[Derby]

https://www.nytimes.com/2019/06/04/world/europe/trump-london-theresa-may.html?action=click&module=Top%20Stories&pgtype=Homepage

Trump Meets May in London: Live Updates

President Trump said at a joint news conference with Prime Minister Theresa May on Tuesday that he believed Brexit would eventually happen, adding that Britain is “a very, very special place and I think it deserves a special place.”

The comments came in the Durbar Court of the foreign office building on the second day of a three-day state visit as the two leaders held a brief but wide-ranging news conference that also touched on a trade deal, Huawei, Mr. Trump’s critics and tariffs on Mexico.

Mr. Trump has been a critic of Britain’s approach to Brexit, suggesting that Britain should take a more aggressive approach, but after saying he did not want to take a strong position, he said, “I think it will happen."

Ese sitio especial, esa relación especial...  además de clown, Trump es un "pimp"!

[Derby]

https://www.bloomberg.com/news/articles/2019-06-03/here-are-the-most-interesting-items-in-china-s-trade-white-paper

Here Are the Most Interesting Items in China's Trade White Paper

Its latest rhetorical salvo is a so-called White Paper that blames the U.S. for the breakdown in trade talks, accuses it of unreasonable demands and implies it uses “beggar-thy-neighbor unilateralism.”

[Yupi_Punto]

El Tribunal de Cuentas pide que el déficit de las pensiones se pague con impuestos

https://elpais.com/economia/2019/06/03/actualidad/1559586083_141863.amp.html#click=https://t.co/zGah0ZbHEh

[Derby]

https://www.bloomberg.com/opinion/articles/2019-06-03/trump-s-trade-war-strategy-on-china-and-mexico-is-easy-to-grasp

Donald Trump's Trade War Strategy Is Easy to Grasp

There isn’t one, regardless of what the president’s defenders tell you.

Trump, bumbling haphazardly and randomly from one business venture to the next, was never much of a strategic thinker in his pre-politics career. He certainly wasn’t going to start planning and plotting strategically once he entered the White House. Contrary to Hewitt’s take, Trump has already been played repeatedly during his presidency and, as his decision-making becomes more reckless and ill-informed, the U.S. runs the risk of getting played along with him. Look no further than the president’s decision last Thursday to impose heavy tariffs on Mexico from June 10 unless the country restricts the flow of migrants across the U.S. border.

...) Trump’s game doesn’t involve sophisticated deal-making feints and forays as observers like Hewitt suggest. Trump’s game is just a game. And he doesn’t want it to catch up with him.

El plan de Trump se llama "a salto de mata"...

[Derby]

https://www.bloomberg.com/opinion/articles/2019-06-03/trump-s-mexico-tariffs-will-backfire

Mexico’s Response to Tariffs Won’t Make Trump Happy

Mexico can’t end the migrant flow by itself. But it can—and likely will—raise tariffs that target swing states.

If Trump persists, Mexico can respond too, starting with retaliatory tariffs on U.S. goods headed south. Mexico has done so before, during a trucking conflict and in response to steel and aluminum tariffs. It could impose nearly $20 billion in levies from the get go, raising them each month in tandem with U.S. levels.

This retaliation would highlight the gap between Trump’s anti-Mexican rhetoric and the underlying interdependence of the U.S. and Mexico, with stark consequences for 2020. Many of the biggest exporters to Mexico—Arizona, Michigan, Illinois—are already swing states. New tariffs could throw Texas into recession and put its 38 electoral college votes into play. Trade may indeed decide the next election. But if Trump continues down the same path, not in the way he hopes.

[chameleon]

Vaya ambiente en madrid

acaban de abrir otra inmobiliaria en la calle, aparte de redpiso y tecnocasa, un donpiso. solo falta el gilmar de turno

escuchando en otro dia a uno de tecnocasa, estan pidiendo 3000 eur en efectivo, osea en negro, para reservar una compra. hasta tres vendedores por oficina, y por lo que les ve con el movil, con mucho trabajo

el alquiler peor, poca oferta a precios absurdos. renuevan los anuncios varias veces por semana como si asi lo fueran a alquilar mas rapido. eso si, los que bajan a 1000 eur o menos tienen candidatos inquilinos para elegir. te piden nominas, extractos bancarios etc, y van seleccionando a los
 bichos mas capaces

asi no se puede vivir 

[Derby]

https://wolfstreet.com/2019/06/04/treasury-market-acts-like-the-economy-is-in-a-death-spiral-but-wait/

Treasury Market Acts Like the Economy is in a Death Spiral, But Wait…

There is a reason why bond investors that hold bonds now want a rate cut: Bonds gain in value when yields fall. Big banks and other financial enterprises hold large amounts of Treasuries, and those Treasuries have dished out large amounts of paper losses in late 2017 and 2018 as longer-term yields were rising. So Wall Street is just talking its book when it’s clamoring for rate cuts.

This clamoring has zero predictive quality. It says nothing about what the economy will do next. It’s just a trick Wall Street performs to make more money at the moment. And in a world where nearly everything is overvalued, it’s hard to make money, and for Wall Street anything is fair game.

But there is a good chance that the 10-year Treasury yield will snap back, just like it did in 2016, and jump by a 100 basis points over the span of a few months. And then the wailing and gnashing of teeth by those who’d bought the rate-cut hype at the peak will be deafening.

[Derby]

http://awealthofcommonsense.com/2019/06/is-the-bond-market-really-that-smart/?utm_source=Daily+AR&utm_campaign=ee17b50470-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c08a59015d-ee17b50470-144089365

Is the Bond Market Really That Smart?

Yields are falling across the globe:



The idea here is that investors typically buy bonds, thus depressing rates from rising demand, when they get worried about the future.

These are yields on 10 year bonds, the rate most prognosticators typically pay attention to when discussing rates in general But there are plenty of other government bond maturities.

Here’s a look across a broad range of treasury yields in the United States going back to the 90s:



You can see the yield curve has compressed considerably in recent years as short-term rates have risen substantially while long-term rates haven’t budged much.

I’m having trouble squaring the fact that people seem to believe the bond market is smarter than every other market but it’s also manipulated.

(...) But maybe not everything is a clear-cut signal about the economy.

Maybe sometimes the markets don’t make any sense even when it seems like they’re trying to tell you something.

[Derby]

https://www.cnbc.com/2019/06/04/stock-market-wall-street-monitors-trade-and-growth-concerns.html

Dow surges 450 points as Fed signals it will help economy if needed, trade tensions ease

Stocks surged on Tuesday, climbing back from a big rout in the past month, after Federal Reserve Chairman Jerome Powell signaled the central bank was open to easing monetary policy to save the economy and as trade tensions eased amid comments by China and Mexico.

[Derby]

https://www.cnbc.com/2019/06/04/china-warns-citizens-against-travel-to-the-us.html

China warns citizens against travel to the US

“Recently, U.S. law enforcement agencies have on multiple occasions used methods such as entry and exit checks, and on-site interviews to harass Chinese citizens in the U.S.,” the ministry said, according to CCTV

[javi2]

https://www.cnbc.com/2019/06/04/stock-market-wall-street-monitors-trade-and-growth-concerns.html

Dow surges 450 points as Fed signals it will help economy if needed, trade tensions ease

Stocks surged on Tuesday, climbing back from a big rout in the past month, after Federal Reserve Chairman Jerome Powell signaled the central bank was open to easing monetary policy to save the economy and as trade tensions eased amid comments by China and Mexico.

Libremercado lo llaman...

[Derby]

https://www.reuters.com/article/us-usa-trade-mexico/trump-defies-own-party-to-push-ahead-with-mexican-tariff-threat-idUSKCN1T51GR

Trump defies own party to push ahead with Mexican tariff threat

Defying increasing criticism from within his own party, U.S. President Donald Trump said on Tuesday he would likely go ahead with new tariffs on imports from Mexico to pressure it to clamp down on rising numbers of migrants entering the United States.