PPCC: Pisitófilos Creditófagos. Invierno 2019

[Yupi_Punto]

Funding Freeze Getting Worse: Dealers Demand Record $216BN In Liquidity From Fed Repo

https://www.zerohedge.com/markets/funding-freeze-getting-worse-dealers-demand-record-216bn-liquidity-fed-repo

Cuanto más dinero echan, más dinero hace falta. Parece que van al "total QE"

As we pointed out last week, this continuing liquidity crunch is not only bizarre, but increasingly concerning, as it means that not only did the rate cut not unlock additional funding, it actually made the problem worse, and now banks and dealers are telegraphing that they need not only more repo buffer but likely an expansion of QE... which will come soon enough, once the Fed funds hits 0% in a few days and is forced to restart bond buying to prevent the next crash.

Will that be enough to stabilize the market? We don't know, but in light of the imminent corona-recession, on Tuesday Credit Suisse's Zoltan Pozsar repo guru published a lengthy piece whose conclusion - at least on the liquidity front - is that the Fed should "combine rate cuts with open liquidity lines that include a pledge to use the swap lines, an uncapped repo facility and QE if necessary."

In short, a liquidity avalanche is coming to prevent a market crash. It's only a matter of time.

Yo diría que están pidiendo prestado para mantener posiciones perdedoras (en bolsa, futuros, etc) como decía el bueno de BENDITALIQUIDEZ. Un pozo sin fondo.

[Yupi_Punto]

Deberíamos dedicar un hilo a este hombre. Merece la pena verlo.

https://www.youtube.com/watch?v=hw4GGrYTHog

Gracias, vamos a ponerlo en la lista

[teuton]

Funding Freeze Getting Worse: Dealers Demand Record $216BN In Liquidity From Fed Repo

https://www.zerohedge.com/markets/funding-freeze-getting-worse-dealers-demand-record-216bn-liquidity-fed-repo

Cuanto más dinero echan, más dinero hace falta. Parece que van al "total QE"

As we pointed out last week, this continuing liquidity crunch is not only bizarre, but increasingly concerning, as it means that not only did the rate cut not unlock additional funding, it actually made the problem worse, and now banks and dealers are telegraphing that they need not only more repo buffer but likely an expansion of QE... which will come soon enough, once the Fed funds hits 0% in a few days and is forced to restart bond buying to prevent the next crash.

Will that be enough to stabilize the market? We don't know, but in light of the imminent corona-recession, on Tuesday Credit Suisse's Zoltan Pozsar repo guru published a lengthy piece whose conclusion - at least on the liquidity front - is that the Fed should "combine rate cuts with open liquidity lines that include a pledge to use the swap lines, an uncapped repo facility and QE if necessary."

In short, a liquidity avalanche is coming to prevent a market crash. It's only a matter of time.

Es lógico que necesiten más dinero, como dijo @Hynkel, este tipo de economía especulativa no puede parar ya que va a golpe de deuda, si se para, todo se viene abajo, es lo que ha provocado el coronavirus, ha dejado las verguenzas de este sistema perverso al aire y lo ha gripado.

[PastorMesetario]

Acabo de ver escenas grotescas en un supermercado de Madrid.

[Hynkel]

Funding Freeze Getting Worse: Dealers Demand Record $216BN In Liquidity From Fed Repo

https://www.zerohedge.com/markets/funding-freeze-getting-worse-dealers-demand-record-216bn-liquidity-fed-repo

Cuanto más dinero echan, más dinero hace falta. Parece que van al "total QE"

As we pointed out last week, this continuing liquidity crunch is not only bizarre, but increasingly concerning, as it means that not only did the rate cut not unlock additional funding, it actually made the problem worse, and now banks and dealers are telegraphing that they need not only more repo buffer but likely an expansion of QE... which will come soon enough, once the Fed funds hits 0% in a few days and is forced to restart bond buying to prevent the next crash.

Will that be enough to stabilize the market? We don't know, but in light of the imminent corona-recession, on Tuesday Credit Suisse's Zoltan Pozsar repo guru published a lengthy piece whose conclusion - at least on the liquidity front - is that the Fed should "combine rate cuts with open liquidity lines that include a pledge to use the swap lines, an uncapped repo facility and QE if necessary."

In short, a liquidity avalanche is coming to prevent a market crash. It's only a matter of time.

Es lógico que necesiten más dinero, como dijo @Hynkel, este tipo de economía especulativa no puede parar ya que va a golpe de deuda, si se para, todo se viene abajo, es lo que ha provocado el coronavirus, ha dejado las verguenzas de este sistema perverso al aire y lo ha gripado.

A esto lleva creer que la resaca de la cocaína se cura con más cocaína. O pegar las patadas adelante aposta confiando en que en caso de reventón tengan que venir las autoridades al rescate.

Esto fue 2008, no lo olvidemos.

Si como dice PPCC la tregua no era más que un mal necesario a cambio de apuntalar lo esencial, y después se podrán dejar caer sin misericordia los michelines, lo vamos a saber muy pronto. Para finales de año la crisis ya será más que evidente. Pero hará falta algo más de tiempo para que lleguen los rescates, o la evidencia de que no habrán. La última vez la intervención gorda fue en 2012, más de tres años completos tras la oficialización del reventón.

[Derby]

https://edition.cnn.com/world/live-news/coronavirus-outbreak-03-10-20-intl-hnk/h_784fb34921999ed90811d28c8f83c0fd

National Guard deployed to New York City suburb



New York Gov. Andrew Cuomo said a containment area will be set up in the city of New Rochelle as Westchester County works to stop the spread of coronavirus. Schools and facilities within will be closed for two weeks, and the National Guard will deploy to this area to help support the community.

Health Commissioner Dr. Howard Zucker said the area is a circle with a radius of about one mile.
Starting on Thursday, facilities and schools within the area will be closed for two weeks. The National Guard will help deliver food to homes and clean public spaces in the containment area, Cuomo said, describing the plan as a "dramatic action."

This will go on through March 25.

Vice President Mike Pence announces no copays for coronavirus coverage with several insurance companies

“I’m pleased to report as you requested, Mr. President, that all the insurance companies here either today or before today have agreed to waive copays on coronavirus testing and extend coverage for coronavirus treatment in all of their benefit plans,” the Vice President announced. Telemedicine would also be covered, and all the CEOs agreed to “no surprise billing,” Pence said.

[teuton]

Funding Freeze Getting Worse: Dealers Demand Record $216BN In Liquidity From Fed Repo

https://www.zerohedge.com/markets/funding-freeze-getting-worse-dealers-demand-record-216bn-liquidity-fed-repo

Cuanto más dinero echan, más dinero hace falta. Parece que van al "total QE"

As we pointed out last week, this continuing liquidity crunch is not only bizarre, but increasingly concerning, as it means that not only did the rate cut not unlock additional funding, it actually made the problem worse, and now banks and dealers are telegraphing that they need not only more repo buffer but likely an expansion of QE... which will come soon enough, once the Fed funds hits 0% in a few days and is forced to restart bond buying to prevent the next crash.

Will that be enough to stabilize the market? We don't know, but in light of the imminent corona-recession, on Tuesday Credit Suisse's Zoltan Pozsar repo guru published a lengthy piece whose conclusion - at least on the liquidity front - is that the Fed should "combine rate cuts with open liquidity lines that include a pledge to use the swap lines, an uncapped repo facility and QE if necessary."

In short, a liquidity avalanche is coming to prevent a market crash. It's only a matter of time.

Es lógico que necesiten más dinero, como dijo @Hynkel, este tipo de economía especulativa no puede parar ya que va a golpe de deuda, si se para, todo se viene abajo, es lo que ha provocado el coronavirus, ha dejado las verguenzas de este sistema perverso al aire y lo ha gripado.

A esto lleva creer que la resaca de la cocaína se cura con más cocaína. O pegar las patadas adelante aposta confiando en que en caso de reventón tengan que venir las autoridades al rescate.

Esto fue 2008, no lo olvidemos.

Si como dice PPCC la tregua no era más que un mal necesario a cambio de apuntalar lo esencial, y después se podrán dejar caer sin misericordia los michelines, lo vamos a saber muy pronto. Para finales de año la crisis ya será más que evidente. Pero hará falta algo más de tiempo para que lleguen los rescates, o la evidencia de que no habrán. La última vez la intervención gorda fue en 2012, más de tres años completos tras la oficialización del reventón.

Está claro entonces, hay que esperar, pero en ese camino de incertidumbre que nos queda, esos tres años, ¿habrá evidencias que nos muestren que las cosas esta vez se van a hacer bien? ¿O bien esas evidencias serán tan evidentes que ya directamente sabremos que la cosa irá en una dirección(la buena) o en la otra(la mala)?

¿Estas preguntas serían las que deberíamos hacernos?

[Derby]

https://www.cnbc.com/2020/03/10/trump-pitched-0percent-payroll-tax-rate-for-the-rest-of-this-year-white-house-officials-say.HTML

Trump pitched 0% payroll tax rate for the rest of this year, White House official says

President Donald Trump, in a meeting with Republican lawmakers on Capitol Hill Tuesday, pitched a 0% payroll tax rate that would last through the rest of this year, a White House official told CNBC.

[Derby]

https://finance.yahoo.com/news/best-housing-market-decade-could-145514905.html

Best Housing Market in a Decade Could Succumb to Coronavirus

[Derby]

Funding Freeze Getting Worse: Dealers Demand Record $216BN In Liquidity From Fed Repo

https://www.zerohedge.com/markets/funding-freeze-getting-worse-dealers-demand-record-216bn-liquidity-fed-repo

https://www.cnbc.com/2020/03/09/fed-to-step-up-liquidity-injections-to-guard-against-market-pressure.html

Fed to step up cash injections for banks to guard against market pressure

The New York Federal Reserve said Monday that it will increase the amount of money it is offering to banks for their short-term funding needs.

As part of its continuing efforts to make sure the funding, or repo, markets are working properly, the central bank said it will up the amount it offers in overnight operations from $100 billion to $150 billion through Thursday.

In addition, it will increase the two-week repo operation offerings from at least $20 billion to at least $45 billion.

Repo operations involve banks posting high-quality collateral like Treasurys in exchange for operating cash.

[Derby]

https://www.bloomberg.com//news/articles/2020-03-10/america-s-status-as-world-s-no-1-oil-producer-is-now-in-danger

America’s Status as World’s No. 1 Oil Producer Is Now in Danger

For more than two years, the U.S. has been the world’s No. 1 oil producer, a status often hailed proudly by President Donald Trump. Now, the crown is at risk.

The standing of the U.S. has largely been based on a concession from Saudi Arabia, which orchestrated output curbs in tandem with Russia that helped prop up prices. But with the Saudis now threatening to flood the world with oil after its production pact fell apart, prices are in free-fall, having dropped by half in two months to around $30 a barrel.

The result: Most shale wells are now unprofitable and drillers are scrambling to scale back operations. At $35 a barrel, U.S. output -- now about 13 million barrels a day -- could fall by 1 million barrels this year, according to BloombergNEF, and by 2.5 million in 2021, said Scott Sheffield, who heads one of the biggest independent shale producers. Meanwhile, the Saudis have vowed to supply 12.3 million barrels daily.

[Derby]

La portada de hoy del WSJ

[Derby]

https://www.elconfidencial.com/economia/2020-03-10/sanchez-moratorias-impuestos-pymes-coronavirus_2491135/

Sánchez anuncia moratorias de impuestos a pymes con problemas de caja por el Covid-19

El presidente anuncia una batería de medidas económicas para garantizar la liquidez en las pymes. Pondrá en marcha líneas de crédito y concederá aplazamientos en el pago a Hacienda

[saturno]

¡Huelga general!  Estos lo han entendido, qué pasa con los demás

https://www.lesechos.fr/industrie-services/conso-distribution/les-commercants-reclament-la-baisse-des-loyers-dans-les-centres-commerciaux-1183783

Los minoristas exigen alquileres más bajos en centros comerciales

El coronavirus reduce la frecuencia de las tiendas y se suma a las dificultades que han causado los "chalecos amarillos" y las huelgas. Los inquilinos de los centros comerciales llaman a las empresas inmobiliarias que les alquilan sus locales "por solidaridad". El gobierno ha transmitido este grito de alarma. Los caseros  responden con precaución.

Lo único que hay que montar es una "caja común" donde los huelguistas giren el  alquiler., y aguantar el tiempo que haga falta  hasta que la otra parte ceda
 
¿Quién mejor que el Ayuntamiento para garantizar la caja de huelga de los alquileres? --- No hay Aytos podemitas, ¿pues?

Me parece una proposición muy seria. Hay que divertirse.

[Derby]

https://thedailycoin.org/2020/03/08/lebanon-to-default-on-dollar-denominated-debt/

Lebanon to default on dollar-denominated debt

Lebanon said it would default on its dollar-denominated debt, intensifying the Middle Eastern state’s financial turmoil and setting up a possibly messy negotiation with foreign investors.
Beirut’s failure to honor its massive debt load was long expected and not related to the economic turmoil caused by the coronavirus outbreak. But it comes at a time when the global financial system is on edge.

Lebanon said Saturday it would fail to pay back U.S. dollar denominated bonds with a face value of $1.2 billion due Monday, the first time the country has ever failed to pay its debt. It has another $700 million due in April and $600 million in June.