PPCC - Pisitófilos Creditófagos - PRiMaVeRa 2021

[Yupi_Punto]

A Turiel no hay que hacerle ni caso.

¿Pero hay que hacerle caso o no?


https://www.eleconomista.es/mercados-cotizaciones/noticias/11181254/04/21/El-peak-oil-de-Alaska-se-agrava-y-la-produccion-de-petroleo-cae-a-minimos-de-1976.html

Producción de petróleo de Arabia Saudita desciende 6% en 2020

http://www.petroguia.com/pet/noticias/petr%C3%B3leo/producci%C3%B3n-de-petr%C3%B3leo-de-arabia-saudita-desciende-6-en-2020

[sudden and sharp]

A Turiel no hay que hacerle ni caso.

¿Pero hay que hacerle caso o no?


https://www.eleconomista.es/mercados-cotizaciones/noticias/11181254/04/21/El-peak-oil-de-Alaska-se-agrava-y-la-produccion-de-petroleo-cae-a-minimos-de-1976.html

No.

[Negrule]

No uno, ni dos, ni tres


La euforia del ladrillo se reaviva en Torrevieja: proyecta 18 rascacielos en primera línea de mar

“El Ayuntamiento, gobernado con mayoría absoluta por el PP, está tramitando la construcción de 18 rascacielos de hasta 29 plantas en varias parcelas separadas con el denominador común de las vistas al mar“

“Manuela, cocinera salmantina también retirada, sostiene que el proyecto no le molesta “mientras no toquen el parque”. Las torres “darán trabajo, ayudarán al turismo de la ciudad” y quizá, “revalorizarán los pisos del entorno”. Eso sí, señala que la falta de espacio “será terrible”.”


https://elpais.com/economia/2021-04-27/la-euforia-del-ladrillo-se-reaviva-en-torrevieja-proyecta-18-rascacielos-en-primera-linea-de-mar.html?outputType=amp&__twitter_impression=true

[teuton]

A Turiel no hay que hacerle ni caso.

¿Pero hay que hacerle caso o no?


https://www.eleconomista.es/mercados-cotizaciones/noticias/11181254/04/21/El-peak-oil-de-Alaska-se-agrava-y-la-produccion-de-petroleo-cae-a-minimos-de-1976.html

No.

¿Porqué no? Danos tus argumentos de porque no. Yo no lo conocía pero parece que domina el tema y a mí me tiene convencido de que está siendo así. De hecho cuando fui a comprar pan la semana pasada el panadero me dijo que las bolsas de plástico habían triplicado su valor y que unos dulces que él compraba también habían subido porque el precio del plástico donde van envueltos y las cajas de cartón donde se transportan habían subido.

[senslev]

Deflación!!!








[/quote]
¿Porqué no? Danos tus argumentos de porque no. Yo no lo conocía pero parece que domina el tema y a mí me tiene convencido de que está siendo así. De hecho cuando fui a comprar pan la semana pasada el panadero me dijo que las bolsas de plástico habían triplicado su valor y que unos dulces que él compraba también habían subido porque el precio del plástico donde van envueltos y las cajas de cartón donde se transportan habían subido.
[/quote]

[Mad Men]

A Turiel no hay que hacerle ni caso.

¿Pero hay que hacerle caso o no?


https://www.eleconomista.es/mercados-cotizaciones/noticias/11181254/04/21/El-peak-oil-de-Alaska-se-agrava-y-la-produccion-de-petroleo-cae-a-minimos-de-1976.html

No.

¿Porqué no? Danos tus argumentos de porque no. Yo no lo conocía pero parece que domina el tema y a mí me tiene convencido de que está siendo así. De hecho cuando fui a comprar pan la semana pasada el panadero me dijo que las bolsas de plástico habían triplicado su valor y que unos dulces que él compraba también habían subido porque el precio del plástico donde van envueltos y las cajas de cartón donde se transportan habían subido.

Buenos días.

Pues porque:

-No tiene la formación en la materia y se aventura a realizar predicciones manifiestamente falsas.

-Quizás por su formación matemática siempre anda con gráficas y términos que no conoce o directamente utiliza para beneficiar su falsa hipótesis.

-Porque no sé cuántas veces lleva prediciendo el apocalipsis energético, fallando todas y cada una de ellas. Creo que cuando fallas mucho es que no eres nada bueno ni tienes credibilidad.

-Porque el catastrofismo vende (véase a Becerra) pero suele ser erróneo.

-Porque es un sector muy complejo, y lo tribializa (sin ser para nada un experto).

-Etc….

[senslev]

[Derby]

https://www.wsj.com/articles/u-s-home-price-growth-accelerated-in-february-11619528430

U.S. Home Prices Continued to Climb in February

Home-price growth accelerated to a new 15-year high, according to Case-Shiller index

Home-price growth accelerated to a new 15-year high in February, as homebuying demand remained strong and the number of homes for sale held near a record low.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 12% in the year that ended in February, up from an 11.2% annual rate the prior month. February marked the highest annual rate of price growth since February 2006.

Demand for homes has surged in the past year as mortgage interest rates held near record lows. Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their highest annual level since 2006, according to the National Association of Realtors.

The supply of homes for sale fell to a record low in January and stayed at that level in February, NAR said. Mortgage-finance company Freddie Mac recently estimated that the U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country’s demand.

The Case-Shiller 10-city index gained 11.7% over the year ended in February, compared with a 10.9% increase in January. The 20-city index rose 11.9%, after an annual gain of 11.1% in January. Price growth accelerated in 19 of the 20 cities.(...)

https://www.calculatedriskblog.com/2021/04/real-house-prices-and-price-to-rent.html

Real House Prices and Price-to-Rent Ratio in February

[Derby]

https://www.reuters.com/article/health-coronavirus-germany-recovery/update-1-germany-to-spend-90-of-eu-recovery-money-on-green-digital-goals-idUSL8N2MK2PY

Germany to spend 90% of EU recovery money on green, digital goals

BERLIN (Reuters) - Germany will spend 90% of the 28 billion euros ($34 billion) it expects from the European Union’s 750 billion euro recovery fund on climate protection and digitalization, by far exceeding EU requirements, Finance Minister Olaf Scholz said on Tuesday.

[Derby]

Unos apuntes interesantes sobre el EU Green Deal:

https://www.nortonrosefulbright.com/en/knowledge/publications/c50c4cd9/the-eu-green-deal-explained

The EU Green Deal explained

(...)The main elements of the EU Green Deal are:

Climate action.
Clean energy.
Sustainable industry.
Buildings and renovations.
Sustainable mobility.
Eliminating pollution.
Farm to Fork.
Preserving biodiversity.
Research and development.
Preventing unfair competition from carbon leakage.

[Cadavre Exquis]

No uno, ni dos, ni tres

https://twitter.com/sninobecerra/status/1386918880627630080

Saludos.

[Cadavre Exquis]

Tesla Loses a Lot of Money Selling Cars, But Makes It All Back On Credits and Bitcoin
Posted by BeauHD on Tuesday April 27, 2021 @09:00AM from the seven-profitable-quarters-in-a-row dept.

An anonymous reader quotes a report from Jalopnik:

On Monday after the close of business, Tesla announced its Q1 2021 financial results in its quarterly earnings call. The company turned a surprisingly large profit this quarter, but it didn't do it by selling cars. Q1 net profit reached a new record for Tesla, at $438 million. Revenue for the electric car company was up massively to $10.39 billion. Unfortunately, all of that profit is accounted for in the company selling $518 million in regulatory credits, and $101 million was found in buying and then later selling Bitcoin. That second point is particularly interesting, as Tesla purchased $1.5 billion worth of BTC, announced that the company would begin accepting BTC as payment for its cars, which drove up the value of BTC, then sold enough BTC to make a hundred million in profit.

Without the $619 million in credits and BTC sales, Tesla would have actually managed to lose $181 million in Q1. In that time, the company shifted 184,800 3/Y units, and while it didn't build a single X or S in Q1, it sold 2020 units from previously-built inventory. That means the company lost around $970 per car sold in Q1. The company has indicated it expects to see a 50 percent growth in 2021 year-over-year, which implies at least 750,000 vehicles shipped out to customers this year. Musk was later reported to have said he believes the Model Y will be the best selling vehicle in the world next year "more likely than not." Which would mean something like 1.5 million Model Ys sold in 2022. I'm inclined to doubt such a claim.

Saludos.

[Elcasco]

https://financialpost.com/investing/david-rosenberg-housing-is-keeping-canadas-economy-going-and-thats-bad-news-when-the-bubble-pops

David Rosenberg: Housing is keeping Canada's economy going and that's bad news when the bubble pops

Let’s look at the situation for what it is: There is no economic growth in the United States barring the government’s relentless support. If not for the massive 50 per cent surge in government expenditure in 2020 (putting LBJ to shame with his 40-per-cent blowoff in 1968), nominal GDP would have collapsed 16.2 per cent instead of contracting 2.3 per cent to its lowest level in six years. This should put any recovery into perspective.

But then look at Canada. I have no clue what the Bank of Canada is looking at. The local economy is on life support, with only ongoing government stimulus and the red-hot housing market as sources of any vitality.

First, as with the U.S., strip out government handouts in 2020 and the economy would have sunk 15.3 per cent to its lowest level of activity in seven years. At the same time, the Canadian housing market has gone simply insane with ultra-low interest rates, easy access to credit, shifting preferences (work from home) toward more real estate and tremendous speculation. Total residential construction has surged 22.5 per cent in the past year and that has taken the housing share of GDP to a record high of 9.3 per cent — double the historical norm. Strip out housing, and GDP contracted 3.5 per cent in the past year (versus the actual decline of 1.5 per cent); strip out housing and government, and the economic contraction is -5.6 per cent.
(...)
As for Canadian household income, well, without the massive government transfer of borrowed money, that income would have collapsed 9.8 per cent in 2020 (-5.6 per cent on a Q4/Q4 basis). All on the back of an unprecedented 51.5 per cent surge in transfer income from the government sector.
(...)
This is what has the Bank of Canada enthused right now? One has to wonder what happens to the Canadian economy when the housing bubble finally does pop, the stimulus programs abate, and the commodity cycle runs its course. What is left? The reopening of the economy? I have news for you: If the real estate gravy train ever does end, considering the outsized impact it has exerted on the economy, there is no reopening large enough to offset the housing reversal and all the negative multiplier effects that will reverberate across the entire economy.

The same holds true in the U.S., where growth has also been dominated by the surge in the housing sector, though the bubble in real economic terms and in price terms looks to be more acute north of the border.

Looking for the black swan? It’s the housing mania. And when it breaks, all the inflation chatter will be making its way from the front pages to the back pages of the morning papers. And the odds of a huge bull flattener in Treasuries will replace the bear steepener, which, until very recently, was the dominant market theme, along with the correlation to the cyclical-value-over-defensive-growth trade in the equity market, because that, too, will unwind.

[Negrule]

Fijaos en el perfil del personaje, y lo verán como un héroe la gran mayoría de personas que comenten la lona 

No me gusta prejuzgar, pero vamos ....

https://twitter.com/puntual24h/status/1386983698826924033?s=21

[Negrule]

Una locura, el mundo entero es una burbuja inmobiliaria, y no paran de echarle leña. Inaudito, bueno, incomprensible, al menos para mí.

https://financialpost.com/investing/david-rosenberg-housing-is-keeping-canadas-economy-going-and-thats-bad-news-when-the-bubble-pops

David Rosenberg: Housing is keeping Canada's economy going and that's bad news when the bubble pops