PPCC: Pisitófilos Creditófagos. Invierno 2019

[R.G.C.I.M.]

Pues hablando de narrativas:

"— la conciencia sobre la estructuralidad de la crisis, que no es solo coyuntural —nada de 'rerreceuperanción' en V—,
---
— la inmensa L que va a dibujarse en todo gráfico económico hasta mediados de década "

PDR SCHZ ha sido explícito exactamente en lo CONTRARIO.

Sigo en nuestras filas; pero guardo más escepticismo que hasta antes de las comparEcencias y anuncios del presidente, planes marshall, helicópteros de billetes, y declaraciones del payaso naranja.


Animo.

[Derby]

Es que ya se habla de billions y trillions como si fuera moneda zimbawí

https://moneymaven.io/mishtalk/economics/fed-does-another-emergency-repo-and-relaunches-commercial-paper-facility-MmeTEI9lGU6ZouW9KYEh-g

Fed Does Another Emergency Repo and Relaunches Commercial Paper Facility

Fed Restarts Commercial Paper Facility

Bloomberg reports Fed Restarts Commercial Paper Facility to Ease Market Strain

The central bank is using emergency authorities to establish the Commercial Paper Funding Facility with the approval of the Treasury secretary, according to a Fed statement on Tuesday. The Treasury will provide $10 billion of credit protection from its Exchange Stabilization Fund.

The move follows mounting pressure to act after the Fed’s Sunday evening emergency interest-rate cut to nearly zero and other measures failed to stem market strains as investors reacted to the risk that the virus will tip the U.S. and global economy into a potentially damaging recession.

“By providing short-term credit, the CPFF will help American businesses manage their finances through this challenging period,” Treasury Secretary Steven Mnuchin said in a separate statement.

The Fed said it will provide financing to a special-purpose vehicle that will purchase A1/P1 rated commercial paper from eligible companies, and purchases will last for one year unless the Fed extends the program.

Fed Announces Yet Another $500 Billion Repo

In other news, the Fed announced another $500 billion in repos. That puts announced repos at the $2.5 trillion level.

Bond Market Remains Broken

Despite these emergency measures, the Treasury market remains broken.

The 10-year treasury yield rose again by 11 basis points to 0.838%.

The 30-year long bond yield rose 9 basis points to 1.417%.

And the 5-year treasury yield rose to 6 basis points to 0.556%.

[volem volente]

Es que es moneda zinwabi.
Hemos pasado del nivel mariposa y cisne negro a uno nuevo: nivel elefante en cacharrería.
Zafiedad everywhere.

[pollo]

Es peor aún: es una mezcla del imaginario ideológico "izquierdista" infantilizado, en la que las "grandes empresas" son muy malas, mucho más que los pequeños rentistas privados -que no dejan de ser "pueblo" porque muchos de ellos son nuestros abuelos y ya sabemos que nuestros abuelos no pueden ser malos y su rentismo tampoco, "que se lo han ganado después de una vida de trabajo"- y una asunción inconsciente del popularcapitalismo ladrilleril, que la progresía ni siquiera tiene modelizado ideológicamente, y por lo tanto desconoce por completo.

En el clavo.

La derecha es pisitófila pero por lo menos va de frente. La izquierda es igual de pisitófila, pero es que encima ni siquiera son conscientes de serlo. Tienen un mapa mental de "los de abajo vs los de arriba" y no los sacas de ahí ni en una situación como esta.

En este país, ni la derecha es derecha ni la izquierda es izquierda. Es todo postureo. Al menos esa es mi visión tras años viendo el mal teatro que nos ofrecen como política.

[teuton]

Pues hablando de narrativas:

"— la conciencia sobre la estructuralidad de la crisis, que no es solo coyuntural —nada de 'rerreceuperanción' en V—,
---
— la inmensa L que va a dibujarse en todo gráfico económico hasta mediados de década "

PDR SCHZ ha sido explícito exactamente en lo CONTRARIO.

Sigo en nuestras filas; pero guardo más escepticismo que hasta antes de las comparEcencias y anuncios del presidente, planes marshall, helicópteros de billetes, y declaraciones del payaso naranja.


Animo.

Estaremos de acuerdo en que la narrativa de Sánchez es la que la gente quiere oir, tampoco nos vamos a sorprender de eso. De todas maneras esto es solo el principio, que no está siendo poco, esperemos los gráficos y las noticias. Entre las dos cosas nos iremos haciendo una composición de la situación y veremos por donde va todo esto, que a decir verdad está siendo inesperado y realmente novedoso.

[JENOFONTE10]

El Ibex 35 se dispara un 6% tras anunciar Sánchez un 'escudo antiopas

La subida de hoy se ha duplicado tras la comparecencia del presidente Sánchez, pero ya había  empezado desde primera hora de mercado, tal vez por la extensión de la represión de bajistas, según comunicaciones de CNMV:

12/03/2020 23:17
Prohibición temporal de venta en corto sobre acciones de 69 sociedades cotizadas

16/03/2020 21:16
La CNMV prohíbe temporalmente la constitución o incremento de posiciones cortas netas sobre acciones cotizadas.

Para calibrar la diferente amplitud de ambos conceptos puede consultarse: 
https://www.boe.es/doue/2012/086/L00001-00024.pdf

- 'ventas en corto': Artículo 2.1.b).

- 'posiciones cortas netas': Artículo 3.1.

Saludos.

[Derby]

https://moneymaven.io/mishtalk/economics/trump-seeks-850-billion-stimulus-package-stocks-rally-R-riaBE3CUa0Zt-XDUJFug

Trump Seeks $850 Billion Stimulus Package, Stocks Rally

The money spigots are on. As expected.

Everyone is seeking money and Trump is willing to dish it out to the tune of an $850 Billion Stimulus Package.

U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a roughly $850 billion economic stimulus package, according to two people familiar with the matter, as the Trump administration works to craft more legislation to cushion the economic blow of the coronavirus pandemic.

Democrats have proposed their own $750 billion package for the third phase of the response, and other lawmakers have started floating a variety of measures, including giving $1,000 in cash to every American.

Bailouts

The Trump administration’s stimulus plan will include roughly $50 billion for the airline industry, according to the people, as well as billions of dollars in general stimulus that could include a payroll tax cut.

The details remain in flux and even the top-line $850 billion figure could change, but Mr. Mnuchin is expected to discuss a number of options with Republicans, including a refundable tax credit to help people struggling with the economic effects of the outbreak and additional assistance for small businesses.

[Derby]

https://www.rollcall.com/2020/03/17/health-agency-gives-florida-medicaid-flexibility-responding-to-coronavirus/

Health agency gives Florida Medicaid flexibility responding to coronavirus

Removing some administrative requirements would enable the state to focus resources on battling COVID-19

The approved waiver will allow Florida to provide care in alternate settings, remove some prior-authorization requirements before people can get care, extend certain deadlines and streamline enrollment processes for medical providers to participate in Medicaid. It also would temporarily suspend certain pre-admission and annual screenings for nursing home residents.

[JENOFONTE10]

Es que ya se habla de billions y trillions como si fuera moneda zimbawí

El paso monetario de liquidez cuantitativa (QE) a diluvio universal me parece insensible, casi como del tercio excluso a la lógica borrosa (fuzzy logic) .

Saludos.

[R.G.C.I.M.]

Francia en unos días destinará 5000 kilos ayuda directa.
Alemania 7500.

La liquidez de lagarde se me antoja pequeña en comparacion de la fed.
120000Mill contra 2 billones. 
Su plan de liquidez es 20 veces mayor que el nuestro.
El tamaño de la UE es mayor que el de la economia US.
Ello me indica que los problemas de repos en US son brutales. Y que nosotros no lo tenemos.

El plan de estimulo US es de 750000mill euros.
El de España 200000mill.
Su economia es casi 20 veces la nuestra. Es decir, nuestro plan es 6 veces mayor que el suyo.

Politica expansiva keynesiana ortodoxa para España.
Política QE para US.

Habrá que ver qué destinan fra y GEr cuando les toque.  Si van por 400.000 y 600.000 respectivamente, entonces es concertado por la UE.


En qué me estoy equivocando en esta lectura?

GRacias.

Sds.

[Derby]

Aquí llega UK...

https://www.theguardian.com/politics/live/2020/mar/17/boris-johnson-coronavirus-press-conference-rishi-sunak-cabinet-as-rishi-sunak-set-to-announcing-coronavirus-financial-rescue-package-politics-live

Coronavirus UK: £330bn of business loans made available as PM says school closures 'under continuous review'

https://www.theguardian.com/world/2020/mar/17/coronavirus-rishi-sunak-promises-to-guarantee-330bn-loans-to-business

Rishi Sunak promises to guarantee £330bn loans to business

‘Unprecedented’ package to shore-up UK economy as the coronavirus outbreak escalates

The chancellor, Rishi Sunack, said on Tuesday if more help was needed it would be provided, with a pledge to deliver “whatever it takes” to keep companies and people solvent.

Saying the British state would need to intervene in the economy in ways that were unimaginable just weeks ago, the chancellor said he would also provide tax breaks and other measures worth £20bn to protect companies and households suffering amid the economic collapse triggered by the virus.

Cash grants worth £25,000 would be made to companies to help them bridge through the period of turbulence.

Business rates – taxes paid on commercial properties – will be scrapped this year for all companies in the retail, leisure and hospitality sectors. “Every single shop, pub, theatre, music venue, restaurant… will pay no business rates for 12 months”, said Sunak.

Speaking after the prime minister advised the public to stay away from pubs, clubs, theatres and other social venues, Sunak said: “This is a comprehensive, coordinated and coherent response to what is a serious and evolving economic situation. These are only the first steps.”

He said he would set out further steps in the coming days, and that he was holding talks with unions and business groups to develop a form of employment support to help protect jobs and incomes.

Boris Johnson said: “We must act like any wartime government and do whatever it takes to support our economy.”

[R.G.C.I.M.]

Aquí llega UK...

https://www.theguardian.com/politics/live/2020/mar/17/boris-johnson-coronavirus-press-conference-rishi-sunak-cabinet-as-rishi-sunak-set-to-announcing-coronavirus-financial-rescue-package-politics-live

Coronavirus UK: £330bn of business loans made available as PM says school closures 'under continuous review'

Et voila!

circa 400.000mil leuros.
Tamaño economia UK?
Aprox doble que españa.

Está todo concertado.
A los 40 dias del primer caso, emergencia.
Si se va cumpliendo tmbien eso, bingo!

Vaya planazo. Riete de los de jaztel.


Sds.

[torre01]

¿Alguien sabe algo más sobre movimientos accionariales de empresas participadas de Europeos y Americanos en China?

En el siguiente video se expone que debido al coronavirus accionistas europeos y americanos se han desprendido de las acciones de empresas participadas en China y el gobierno chino ha maniobrado para comprarlas siendo ahora el accionista mayoritario y por tanto asegurándose el total control de esas compañías.

OPERACION JAQUE MATE: China se apodera de la industria pesada aprovechando la crisis del Coronavirus
https://www.youtube.com/watch?v=EuWyCHjMFkE

[sudden and sharp]

El bono español repunta con fuerza y supera el 1%
https://cincodias.elpais.com/cincodias/2020/03/17/mercados/1584445085_994593.html
El rendimiento del bono español a diez años, el de referencia en España, ha superado hoy la barrera del 1%. Un cota que no tocaba desde mayo de 2019. Hoy, la rentabilidad ha repuntado 15 puntos básicos, con lo que mantiene la tendencia alcista que inició hace unas semanas ante la fuerte propagación del coronavirus en Europa y el miedo a las consecuencias económicas de la pandemia.


Hablando de inversiones a largo plazo...

[Derby]

https://www.greentechmedia.com/articles/read/eu-green-deal-should-now-be-canceled-says-czech-pm

EU Green Deal Should Be Canceled Because of Coronavirus, Czech PM Says

The Czech Republic’s prime minister, Andrej Babiš, has said the European Union should abandon its Green Deal and focus on fighting the spread of the coronavirus in an early sign of policy battles ahead.

Announced in December, Europe's Green New Deal seeks to invest €1 trillion ($1.1 trillion) on the road to making the EU economy net-zero carbon by 2050. This would include a huge offshore wind build-out, accelerated electrification of heat and transport, the development of large-scale carbon capture projects and hydrogen storage and infrastructure.

But from the start, the plan came under heavy scrutiny from the coal-heavy Czech Republic, Hungary and Poland, and the COVID-19 crisis appears to have opened a new avenue for attack.

“Europe should forget about the Green Deal now and focus on the coronavirus instead,” Babiš told reporters on Monday.

Hungary and the Czech Republic had called for more support to transition away from fossil fuels. As it stands, funding for that process totals €100 billion.

An excuse for a green stimulus?

Even in these early days of the global pandemic, questions are being asked about whether the crisis will help to accelerate the push toward lower-carbon energy resources or slow it down. The price of oil has fallen to multiyear lows with no end in sight, potentially changing the way the oil majors think about their future.

“This whole crisis could eventually springboard a greater push toward a green economy," said Brian Gaylord, principal analyst for Latin America and Southern Europe at Wood Mackenzie Power & Renewables.

"After the economic impact of this virus, we'll need to try to kick-start the economy in some way. You'll see a potential way of trying to make the economies really push more drastic, more concerted efforts toward the energy transition."

But for now, Gaylord said, governments are "just trying to keep the lights on."