PPCC - Pisitófilos Creditófagos - HoT SuMMeR 2021

[newclo]

Ah !
Se me olvidaba !

Como saben, sigo la intriga de GameStop y cuando he visto que mencionaban a Lehman en el artículo de Evergrande me he acordado de un hilo de Reddit, visto en el foro amigo, que vinculaba operaciones en bolsa de los grandes actores (Black Rock, BNP Paribas ...) con rendimientos estratosféricos y movimientos muy sospechosos.... para, aparentemente cubrir las pérdidas que aún tienen en sus fondos y balances provenientes de ... ¡ Bear Stearns, Freddi Mac y Fannie Mae ! Deuda a largo plazo de estas empresas quebradas con vencimiento a 2033-2046 que aún sigue por ahí en sus balances y que colocan en los fondos que venden a los gamusinos como yo.
¿es posible que esa deuda siga viva?

https://www.reddit.com/r/Superstonk/comments/p1zifg/endgame_dd_victoria_secret_clue_connected/


Espero que no me tomen por un magufo por traerles esta inverosímil idea... deben ser los efectos de vivir una pandemia mundial y tantas cosas increíbles que estamos viendo... que al final actúas como el décimo hombre

[Derby]

https://www.reuters.com/breakingviews/xis-wealth-redistribution-push-starts-with-stick-2021-08-18/

Xi’s wealth redistribution push starts with stick

HONG KONG, Aug 18 (Reuters Breakingviews) - Chinese President Xi Jinping is fleshing out his plans for wealth redistribution. He wants to restrain “unreasonable income”, hike wages and expand the middle class, per a readout of a top-level conference on Tuesday, which helps explain his recent rough treatment of corporate tycoons. Funding fiscal transfers and social services could entail fresh burdens for China Inc, and the long-delayed property tax may be implemented at last.

The wealthiest 1% of Chinese people now hold 31% of the country’s wealth, up from 21% two decades ago, per a Credit Suisse report. The pandemic, which hit small businesses and poor workers hardest, has exacerbated the gap, yet the number of newly-minted ultra-rich surged 50% compared to 2019 as financial markets popped.

It is easy for Xi to make rich people less rich; investors wiped up to $1 trillion off the value of listed Chinese companies since February as officials and state media went after e-commerce giants, video-game companies, after-school tutors and property developers.

But increasing disposable incomes for ordinary people, which only grew 1% for urban residents in 2020, will be trickier in a system better at driving growth through investment than consumption. It will require fresh fiscal transfers and increased social spending , and companies and wealthy people will probably be on the hook to help pay. For example, while executives ranging from Tencent's (0700.HK) Pony Ma to Meituan's (3690.HK) Wang Xing have already stepped up their charity efforts, that probably won’t stop Beijing from bringing tax rates for internet companies, long held at a preferential rate of 10%, back up to the 25% corporate standard.(...)

[Rocoso]

Sobre la presunta injerencia china en la acción del Plunge Protection Team (PPT). Está copiado de la sección de comentarios de ZeroHedge (posteados esta misma tarde):


E5

CCP is on the other end of the PPT losses.  They are raking in all we can give them.  They are building a middle class on the backs of the US middle class.  The US pays money to unproductive lower class while stealing the investment capital of the middle class by hyperinflating the banking buyback class.



Wayne

Always wondered how the PPT could take losses so consistently. If you could explain the mechanics, I'd enjoy the education.



E5

The PPT has functioned as an investment and return vehicle for several decades.  It didn't take losses.  It holds and sells.  The initial price pump is able to be sustained to a goal of bleed selling into stability later.

 However, the Chinese are now wise to this and are making the end run.  It won't last "consistently" at all.  What you are seeing in a mechanism can be tracked by volume.  The PPT steps in and low volume price movements are then bled by the CCP in the alternate volume. Basically they are beating the PPT to their profit taking targets.  The highs are smaller and smaller legs up... this will end as any typical graph with a straight line down.  Probably with a policy change against allowing "usd" to freely float in Chinese markets.  Hence the State warning to avoid exposure to Chinese stocks.

 

 

Do you follow how prices are not weighted by volume?

 

ps: you do know they are using these American dollars to run a gold/oil exchange laundering operation right?”

https://www.zerohedge.com/markets/stocks-panic-bid-back-unchanged-after-ugly-overnight-session

[Derby]

https://elements.visualcapitalist.com/30-years-of-u-s-money-supply-and-interest-rates/

[siempretarde]

Derby, me hace gracia que desde hace algun tiempo en todos los graficos mundo-mundiales (usa/spein/eu)  la crisis del 2008 la califican como la Gran Recesion, cuando en su tiempo los pesimistas la calificaban del gran Crash los optimistas decian "pelillos a la mar, de la que nos hemos librado. Y Srs. pesimistas: 'callense de una vez'".

Ahora por fin hay una convergencia al mismo termino.

Como para decir: "Gran Recesion?? No me habia enterado, y mira que estaba alli".

Y el ibex, con volatilidad hasta arriba con valores +- (4-7%) y subiendo .... alguien me dijo hace tiempo, cuando pasa esto solo falta llegar al objetivo, estamos en zona de distribucion, pero yo ya hace meses que me quede sin niveles. A ver si cierran de una vez ese GAP que le queda abierto. Sigo viendo el espectaculo, a ver como definen en 10 anos la caida, aunque la etiqueta Covid-Great-Recession-Crash-Boom gana por K.O.

Saludos

https://elements.visualcapitalist.com/30-years-of-u-s-money-supply-and-interest-rates/

[Derby]

Derby, me hace gracia que desde hace algun tiempo en todos los graficos mundo-mundiales (usa/spein/eu)  la crisis del 2008 la califican como la Gran Recesion, cuando en su tiempo los pesimistas la calificaban del gran Crash los optimistas decian "pelillos a la mar, de la que nos hemos librado. Y Srs. pesimistas: 'callense de una vez'".

Ahora por fin hay una convergencia al mismo termino.

Como para decir: "Gran Recesion?? No me habia enterado, y mira que estaba alli".

Las cosas se ven mejor en perspectiva  Es una prueba más de que la narrativa es cambiante, por muchos motivos y no sólo por oscuras conspiraciones o complots.

[errozate]

Ya sé que la atención está en lo acontecido en Afganistán, pero me ha parecido interesante.

De hecho, alguna vez se ha tratado el tema de la meritocracia. El artículo habla de lo que es más determinante a la hora de tener un salario mayor o menor por parte de las generaciones actuales.
 
Artículo de ÁNGEL MUNÁRRIZ

Los límites del ascensor social. La desigualdad de renta en España desmonta el mito de la “meritocracia”


1) El factor más relevante:  el nivel de educación del padre (28,01%).

2) Después va el tamaño de la familia durante la infancia (26,8%).

3) El tercer factor es el tipo de escuela (14,5%). La que más eleva los ingresos es la
privada-privada, seguida de la concertada –privada financiada por el Estado– y, por
último, de la pública.

4) El siguiente factor es la ocupación del padre (12,4%).

5) A continuación se sitúa el entorno cultural durante la infancia (9,2%). Un tipo de vacaciones centradas en el aprendizaje cultural deja una impronta enriquecedora que tiene una repercusión más adelante en forma de ingresos, mientras pasar el día viendo la televisión resta.

El artículo remite a diferentes estudios.

http://www.pensamientocritico.org/wp-content/uploads/2021/07/Munarriz-DOS-jul-2021.pdf

Y ya que estamos en verano, si hay algún motero o ciclista por aquí, os recomiendo bajar desde la provincia de Burgos, de la zona de Espinosa de los MOTEROS, hacia los valles pasiegos, en Cantabria por las ESTACAS DE TRUEBA. Del minuto 8 al minuto 11.

https://www.youtube.com/watch?v=U6ggxbP7czo

[Yupi_Punto]

Ya sé que la atención está en lo acontecido en Afganistán, pero me ha parecido interesante.

De hecho, alguna vez se ha tratado el tema de la meritocracia. El artículo habla de lo que es más determinante a la hora de tener un salario mayor o menor por parte de las generaciones actuales.
 
Artículo de ÁNGEL MUNÁRRIZ

Los límites del ascensor social. La desigualdad de renta en España desmonta el mito de la “meritocracia”


1) El factor más relevante:  el nivel de educación del padre (28,01%).

2) Después va el tamaño de la familia durante la infancia (26,8%).

3) El tercer factor es el tipo de escuela (14,5%). La que más eleva los ingresos es la
privada-privada, seguida de la concertada –privada financiada por el Estado– y, por
último, de la pública.

4) El siguiente factor es la ocupación del padre (12,4%).

5) A continuación se sitúa el entorno cultural durante la infancia (9,2%). Un tipo de vacaciones centradas en el aprendizaje cultural deja una impronta enriquecedora que tiene una repercusión más adelante en forma de ingresos, mientras pasar el día viendo la televisión resta.

El artículo remite a diferentes estudios.

http://www.pensamientocritico.org/wp-content/uploads/2021/07/Munarriz-DOS-jul-2021.pdf

Y ya que estamos en verano, si hay algún motero o ciclista por aquí, os recomiendo bajar desde la provincia de Burgos, de la zona de Espinosa de los MOTEROS, hacia los valles pasiegos, en Cantabria por las ESTACAS DE TRUEBA. Del minuto 8 al minuto 11.

https://www.youtube.com/watch?v=U6ggxbP7czo

Unos buenos consejos en los momentos justos, pueden cambiar sustancialmente la vida del vástago.

[cujo]

Y la suerte , la suerte o la casualidad puede llegar a influir mucho más q esos conceptos q habéis señalado... claro q a nadie le gusta decir q ha tenido éxito en la vida por una serie de casualidades.

[senslev]

1.- NFTs y absurdeces varias tipo "punto negro sobre desierto blanco".
2.- Esto lo tenemos claro, la diferencia es la más alta de los últimos 100 años por decir algo.
3.- Todo el mundo quiere mamar de la teta pública, sea de la forma que sea. Lo que está pasando en USA con los cheques estímulo, las ayudas por desempleo, la moratoria de alquileres, etc.
4.- Postureo infinito.
5.- El mayor negocio de(en) internet y uno de los mayores fuera de internet.

[Derby]

https://www.reuters.com/article/usa-fed-powell/fed-chair-powell-to-speak-on-economic-outlook-next-week-idUSS0N2LF02G

Fed Chair Powell to speak on 'economic outlook' next week

(Reuters) - Federal Reserve Chair Jerome Powell will deliver a speech on “the economic outlook” next week in Jackson Hole, Wyoming at the Kansas City Fed’s annual central banking conference, the Fed said on Thursday.

[Negrule]

Lo comparto, la he encontrado curiosa la noticia.

La inesperada carta de un casero a un inquilino: traía un cheque

Chris Robarge relató los hechos a través de su perfil de Facebook y reconoció haberse quedado muy impactado por el dinero recibido.

La carta

Asimismo, incluyó una fotografía de la carta, cuyo texto decía lo siguiente:

"¡Hola, antiguo inquilino!

Como sabrás, recientemente vendí la casa. Como inquilino de la propiedad, parte del alquiler que pagabas cada mes contribuía a cancelar mi hipoteca. Creo firmemente que la tradición capitalista de retener ese dinero después de la venta de una propiedad es explotadora y antiética en una sociedad justa.

Traté de que el alquiler equivaliera a los gastos mensuales de mantenimiento de la casa (hipoteca, intereses, impuestos, seguros, servicios públicos, mejoras). Si bien el capital de la hipoteca, especialmente los primeros años, es una pequeña fracción de esos gastos, quería devolverte la parte del alquiler que pagaste.

Calculé el monto del capital pagado cada mes que viviste allí, lo dividí entre quienes vivían en la casa en ese momento y agregué el 40% (el aumento en el valor de la casa desde el momento que la compré). ¡Aunque no es mucho, es tuyo! Fue una gran casa y me alegro de haberla compartido contigo".

https://as.com/diarioas/2021/08/19/actualidad/1629390164_098856.html?m1=cG9ydGFkYV9wb3J0YWRh&m2=QUNUVUFMSURBRA%3D%3D&m3=NDY%3D&m4=bm9ybWFs&m5=MjI%3D&m1=cG9ydGFkYV9wb3J0YWRh&m2=QUNUVUFMSURBRA%3D%3D&m3=NDc%3D&m4=bm9ybWFs&m5=MjI%3D

[Derby]

https://www.reuters.com/world/china/chinas-evergrande-group-says-will-maintain-stability-its-operations-2021-08-20/

China Evergrande vows to resolve debt risks after regulators' warning

SHANGHAI/HONG KONG, Aug 20 (Reuters) - China Evergrande (3333.HK), the country's most indebted property developer, pledged on Friday to do everything it can to resolve its debt issues, a day after receiving a rare warning from concerned regulators to get its house in order.

Financial markets are worried that any crisis at Evergrande could ripple through China's banking system as the company struggles to find the cash it needs to pay its many lenders and suppliers.

Evergrande also said it would work to maintain the stability of the real estate market, in a statement issued hours after the People's Bank of China and the China Banking and Insurance Regulatory Commission summoned company executives and warned that it needed to reduce its debt risks and prioritize stability.

The unusual summons came days after President Xi Jinping highlighted efforts to forestall major financial risks and as a flurry of regulatory crackdowns roil China's equity markets.

"Evergrande Group will fully implement the requirements of the interview and unswervingly implement the central government's strategic deployment of the stable and healthy development of the real estate market," the developer said in the statement.

Despite Evergrande's sale of a number of assets recently and bond repayments, analysts said the summons shows that the regulators are not satisfied with the company's progress in resolving its debt problems so far.

"This (is) a strong warning to the company and (we) expect an acceleration in asset sales, introducing strategic investors, and advancing negotiations with suppliers," Lucror Analytics credit analyst Chuanyi Zhou said.

But investors appeared divided over its prospects.(...)

[Derby]

https://www.thestar.com.my/tech/tech-news/2021/08/18/from-e-commerce-to-education-chinas-season-of-regulatory-crackdown

From e-commerce to education, China’s season of regulatory crackdown

SHANGHAI: China’s months-long regulatory crackdown on an array of private companies has unsettled tech upstarts as well as decades-old firms, ushering in a new, uncertain environment.

Top antitrust regulator the State Administration for Market Regulation (SAMR) issued sweeping draft rules on Aug 17 governing online competition as the cabinet updated rules for operators of information infrastructure that experts say target data-rich firms.

Here are sectors facing tougher regulatory measures:

E-commerce

Traditional e-commerce has been one of the biggest targets with a record fine of US$2.75bil (RM11.65bil) in April for Alibaba over its “choose one from two” feature that bars vendors from selling on rival sites.

Smaller companies also faced fines over issues of consumer rights and labour.

In May, rival JD.com was fined 300,000 yuan (RM196,156) over false information on food products.

In late July, the regulator ordered better protection for workers of food delivery firms.

Tuesday’s draft laws are widely expected to affect the sector by reining in fake reviews and inflated public metrics, while barring use of data or algorithms to hijack traffic or influence user choice.

Gaming and social media

Regulators have yet to directly target gaming and social media firms, but fierce criticism from state media over issues from celebrity watching to video game addiction have spurred big share sell-offs, or changes by the companies.

Weibo Corp, which runs a Twitter-like service, dropped a ranking feature after the People’s Daily newspaper, backed by the ruling Chinese Communist Party, criticised celebrity hype by social media this month.

In August, the Economic Information Daily described online gaming as “spiritual opium”, generating a storm that wiped US$60bil (RM254.19bil) off the market value of industry giant Tencent Holdings at one point.

Tencent later announced curbs on minors’ access to its most popular game, Honor Of Kings.

Education

Publicly listed tutoring firms saw massive sell-offs after regulations last month barred private, for-profit tutoring companies from raising capital overseas among other limits.

Social media giant ByteDance laid off staff in its education unit, Reuters reported, while online tutoring company VIPKid stopped lessons by foreigners.

Online finance

In November, shortly before what would have been a record share sale by Ant Group Co Ltd, draft rules by banking regulators set tighter controls on online lending, where the company was a giant player.

They also set limits on cross-provincial online loans and capped loans to individuals.

A day later, the central bank halted Ant Group’s IPO, and in April, the regulator ordered the separation of its payment and personal finance businesses.

Ride-hailing

In June, the Cyberspace Administration of China told top ride-hailing company Didi Chuxing to stop accepting new users, days after it listed on the New York Stock Exchange, a measure that knocked about a fifth off its share price.

Analysts and investors say the Didi measures have more to do with big data and overseas listings by Chinese firms than competitive practices. Draft rules ordered data-rich Chinese firms to run a security review before listing overseas.

Bitcoin

In May, three financial regulators widened curbs on cryptocurrency by barring its use for payment or settlement by banks and online firms, as well as exchanging it for fiat currencies and halting investments by fund managers.

Provincial governments’ later curbs on bitcoin mining unleashed a wave of shutdowns, with state-linked tabloid Global Times estimating short-term closures of 90%.

Property

In July, the housing ministry and seven regulators took aim at the property management sector with a notice that chipped more than a tenth off the CSI 300 Real Estate sub-index.

As the economy emerges from its 2020 coronavirus slump, authorities tightened curbs this year on real estate borrowing to prevent any asset bubble, setting caps for developers and banks.

What’s next?

Investors are watching healthcare closely after the State Council, or cabinet, urged lower prices of medicines and reforms in June.

Tech firms will also brace for a data security law that mandates risk assessments and reports to authorities, as well as a law to protect personal information that governs storage of user data. – Reuters

https://themarketear.com/posts/cLMFW_NzgZ

China regulation: all animals are actually equal....

Seems no one sector will escape......Bloomberg: "China’s rolling regulatory crackdown on unfair markets has found new targets, with liquor makers, cosmetics firms and online pharmacies in the cross-hairs"

“With regulation worries and the beginning of a downturn in economic growth, it’s extremely hard to make money right now,” said Hou Anyang, fund manager at Frontsea Asset Management in Shenzhen. “At this rate even the winning stocks in electric vehicles and chips may not stay strong much longer.”

[Derby]

https://www.cityam.com/london-landlords-overall-rental-demand-hits-5-year-high/

London landlords outliers as overall rental demand hits 5 year high

Demand for private rented housing has reached a five year high but demand in London has been lower than elsewhere, a survey of landlords has revealed.

More than one third of landlords surveyed (39 per cent) agreed that demand for homes to rent had increased in 2021’s second quarter.

This was an eight per cent increase on the year’s first quarter, thanks to the easing of pandemic restrictions and increased economic optimism.

Demand now matches a peak in the first quarter of 2016, according to the survey of 753 members of the National Residential Landlords Association (NRLA) by research consultancy BVA-BDRC.

However, the situation was not the same across the country with more than half of central London landlords (53 per cent) reporting that demand had fallen in the second quarter.(...)