Tema: PPCC-Pisitófilos Creditófagos-Otoño 2022

[Cadavre Exquis]

https://www.expansion.com/economia/2022/10/11/63446e11468aebe32f8b463f.html

https://cincodias.elpais.com/cincodias/2022/10/10/economia/1665425301_792260.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/2022/10/10/634447cbe5fdea60578b45df.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/mercados/2022/10/11/6344b984468aeb71238b45d6.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional/20221011/page/34/textview

Los sala­rios cre­cen un 2,61%, 3,5 veces menos que el IPC

Saludos.

[Cadavre Exquis]

https://www.expansion.com/empresas/banca/2022/10/11/63341cd6e5fdead46f8b45cc.html

Saludos.

P.D. Aunque es muy típico el que los titulares entre las ediciones en papel y online de los artículos varien, es curioso que el titular de la edición digital de este artículo fuese:

Los inversores huyen de la banca, la energía y el inmobiliario en la venta masiva de bonos

Debe ser que no les cabía un titular tan largo en la edición impresa y han decidido eliminar el artefacto inmobiliario del titular en vez del de la banca o la energía... serán cosas del subconsciente 

[Cadavre Exquis]

https://www.expansion.com/opinion/2022/10/11/63441801e5fdeaa83f8b45b5.html

Saludos.

[Cadavre Exquis]

Intel Plans Thousands of Job Cuts In Face of PC Slowdown
Posted by BeauHD on Tuesday October 11, 2022 @11:30PM from the what-to-expect dept.

An anonymous reader quotes a report from Bloomberg:

Intel is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation. The layoffs will be announced as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report on Oct. 27, said the people, who asked not to be identified because the deliberations are private. The chipmaker had 113,700 employees as of July. Some divisions, including Intel's sales and marketing group, could see cuts affecting about 20% of staff, according to the people.

Intel is facing a steep decline in demand for PC processors, its main business, and has struggled to win back market share lost to rivals like Advanced Micro Devices Inc. In July, the company warned that 2022 sales would be about $11 billion lower than it previously expected. Analysts are predicting a third-quarter revenue drop of roughly 15%. And Intel's once-enviable margins have shriveled: They're about 15 percentage points narrower than historical numbers of around 60%. During its second-quarter earnings call, Intel acknowledged that it could make changes to improve profits. "We are also lowering core expenses in calendar year 2022 and will look to take additional actions in the second half of the year," Chief Executive Officer Pat Gelsinger said at the time.

Intel's last big wave of layoffs occurred in 2016, when it trimmed about 12,000 jobs, or 11% of its total. The company has made smaller cuts since then and shuttered several divisions, including its cellular modem and drone units. Like many companies in the technology industry, Intel also froze hiring earlier this year, when market conditions soured and fears of a recession grew. Gelsinger took the helm at Intel last year and has been working to restore the company's reputation as a Silicon Valley legend. But even before the PC slump, it was an uphill fight. Intel lost its long-held technological edge, and its own executives acknowledge that the company's culture of innovation withered in recent years. Now a broader slowdown is adding to those challenges. Intel's PC, data center and artificial intelligence groups are contending with a tech spending downturn, weighing on revenue and profit.

Saludos.

[PastorMesetario]

Bernanke, jajaja

Casi, casi, supera lo de Obama.

[Derby]

Por propia experiencia, las contracciones de expulsión son particularmente dolorosas...y aquí se trata de dar paso a un nuevo modelo socioeconómico.

https://www.ft.com/content/68f6187d-b9b4-432c-adff-65bc7c41f726

IMF’s gloom highlights scale of policymakers’ challenges

Trade-offs between governments and central banks are becoming increasingly difficult to manage, officials warn

After the outbreak of war in Ukraine, inflation spiralling dangerously out of control and punishing waves of coronavirus infections and lockdowns, the IMF this week had more bad news: the pain is far from over and the worst is yet to come.

At the onset of its annual meetings, held jointly with the World Bank, the multilateral lender warned that the “darkest hour” lay ahead. Next year could feel like a recession in much of the world and further sell-offs in markets could not be ruled out.

The twin threats — to growth and financial stability — underscored the enormity of the challenge facing policymakers from central banks and finance ministries that are gathering in Washington, over the coming days.

“Downside risks remain elevated and policy trade-offs are becoming hugely challenging,” Pierre-Olivier Gourinchas, the IMF’s chief economist, told reporters on Tuesday. “The risk of monetary, fiscal or financial policy miscalibration has risen sharply at a time of high uncertainty and growing fragilities.”

The IMF once again downgraded its outlook for global growth for next year to just 2.7 per cent. More worryingly, the fund’s economists see high odds that the economy could fare even worse, with a 25 per cent chance that growth would fall below 2 per cent and as high as a 15 per cent chance that it could fall below 1 per cent.

Nor is inflation expected to moderate quickly, with advanced economies expected to face annual consumer price growth of 7.2 per cent this year and 4.4 per cent next year — a level more than double the longstanding 2 per cent targets. As borrowing costs soared, the financial system’s fragility was also likely to be exposed, acknowledged Tobias Adrian, head of monetary and capital markets at the IMF.

Other analysts shared the fund’s gloomy prognosis. “The worst of the slowdown is ahead of us, not behind us,” said Seth Carpenter, chief global economist at US bank Morgan Stanley. “We see a really big slowdown and outright recession in important economic blocs, [such as] the UK and the euro area. To the extent that there is a recovery, it is only in the emerging markets. And, even then, [it is] somewhat tepid.”

There is also mounting concern that officials’ policy responses will come with increasingly pernicious side effects.

Almost every central bank has turned to sharply higher interest rates to tame inflation. The US Federal Reserve has led the charge, embarking on the most aggressive campaign to tighten monetary policy since the early 1980s after initially misdiagnosing the extent of the inflation problem.



The fund did not remotely think the job had been done, urging monetary policymakers to have a “steady hand” and “stay the course”. Gourinchas stressed that, at this stage, the risk of “over-tightening” and causing a recession was smaller than the risk of allowing high inflation to become ingrained.

The speedy surge in interest rates has threatened to exacerbate a wave of sovereign defaults that has already forced the IMF to enter into discussions with members such as Sri Lanka and Zambia. With markets already on edge, the UK government’s decision to unveil £45bn worth of unfunded tax cuts led to a surge in the country’s cost of financing and threatened to trigger a financial crisis until the Bank of England stepped in and said it would buy sovereign bonds.

Adrian acknowledged that the risks of other economies falling victim to similar financial stability problems would mount.

“There could certainly be financial stability problems and market dysfunction in other countries as well,” he told reporters on Tuesday. The challenge for highly indebted emerging and developing economies will be even more immense, likely resulting in a wave of additional defaults.

He said monetary authorities should be prepared to follow the BoE’s example — intervening to ensure financial stability and fulfil their traditional roles as “lender of last resort” to the financial system.

Increasingly, there are calls for central banks to moderate the pace of tightening — mostly directed at the Fed, which is considering a fourth straight 0.75 percentage point rise at its meeting in early November.

The EU’s chief diplomat, Josep Borrell, complained this week that “everybody has to follow [the Fed’s higher interest rates], because otherwise their currency will be [devalued]”. World Bank economists have also warned about the negative global repercussions of the Fed’s actions.

Others argue that by the time central banks’ aggressive increases have fully worked their way into every corner of the economy, much of the world could be in recession.

Robin Brooks, chief economist of the Institute of International Finance, a trade body for global finance, said there was now a need to at least discuss a global “pivot” away from supersized rate rises because he foresaw a much sharper downturn across Europe and a weaker global economy than the IMF.

Policymakers increasingly appear more attuned to these concerns. Lael Brainard, vice-chair of the Fed, on Monday said the central bank should press ahead with its plans to raise rates, but do so “deliberately and in a data-dependent manner”. This was, she said, due to “elevated global economic and financial uncertainty”

[Derby]

https://www.msn.com/es-es/dinero/noticias/santiago-ni%C3%B1o-becerra-vaticina-cu%C3%A1ndo-se-notar%C3%A1-en-la-calle-la-crisis/ar-AA12RI9N

Santiago Niño-Becerra vaticina cuándo se notará en la calle la crisis

(...)Según el economista, el 2024 “se percibirá peor” que el 2023 ya que en España hay elecciones y, cree Becerra, “Bruselas mirará hacia otro lado” y todo cambiará al año siguiente.

“En mi opinión en ‘la calle’ se percibirá peor el 2024 que el 2023. En el 2023 hay elecciones por lo que pienso que Bruselas mirará hacia otro lado para que el año sea tranquilo. Pero en el 2024 exigirá, ordenará, cosas”, ha dicho concretamente el experto en su perfil de Twitter.

[Cadavre Exquis]

https://www.msn.com/es-es/dinero/noticias/santiago-ni%C3%B1o-becerra-vaticina-cu%C3%A1ndo-se-notar%C3%A1-en-la-calle-la-crisis/ar-AA12RI9N

Santiago Niño-Becerra vaticina cuándo se notará en la calle la crisis

(...)Según el economista, el 2024 “se percibirá peor” que el 2023 ya que en España hay elecciones y, cree Becerra, “Bruselas mirará hacia otro lado” y todo cambiará al año siguiente.

“En mi opinión en ‘la calle’ se percibirá peor el 2024 que el 2023. En el 2023 hay elecciones por lo que pienso que Bruselas mirará hacia otro lado para que el año sea tranquilo. Pero en el 2024 exigirá, ordenará, cosas”, ha dicho concretamente el experto en su perfil de Twitter.

https://twitter.com/sninobecerra/status/1579847980768989184

Saludos.

[Cadavre Exquis]

https://twitter.com/sninobecerra/status/1580105821010419712

Saludos.

[Cadavre Exquis]

https://twitter.com/geoestratego/status/1579852378668699648

“Esto es muy serio”: el CEO de JP Morgan advierte sobre una recesión mundial
El directivo ve posible una caída adicional del 20% en el índice S&P 500

11 OCT 2022

Jamie Dimon, consejero delegado de JP Morgan.

El consejero delegado de JPMorgan Chase, Jamie Dimon, ha advertido que una combinación "muy, muy seria" de vientos en contra probablemente haga que tanto la economía estadounidense como la mundial entren en recesión a mediados del próximo año. En declaraciones a la CNBC, el directivo dijo que "no se puede hablar de la economía sin hablar de futuro, y esto es algo serio", dijo Dimon en una entrevista  a la cadena estadounidense durante la conferencia JPM Techstars en Londres. Ante las expectativas de recesión en seis o nueve meses, Dimon no descarta una caída adicional del 20% en el índice S&P 500.

Dimon no quiso poner plazos a la duración de una recesión en Estados Unidos: "Puede ir de muy leve a bastante dura y mucho dependerá de lo que ocurra con esta guerra. Así que creo que adivinar es difícil, hay que estar preparado", señaló a la CNBC.

El ejecutivo dijo que la única garantía de la que podía estar seguro es de la volatilidad de los mercados. Por ello, no se mostró muy optimista en cuanto a las perspectivas del S&P 500: Dimon dijo que el índice de referencia aún podría caer "otro 20% fácil" desde los niveles actuales, y añadió que "el siguiente 20% sería mucho más doloroso que el primero."

Dimon matizó que la economía estadounidense "en realidad todavía va bien" en la actualidad y que es probable que los consumidores estén en mejor situación comparado con la crisis financiera mundial de 2008.

Entre los indicadores que hacen saltar las alarmas, Dimon citó el impacto de la inflación galopante, la subida de los tipos de interés mayor de lo previsto, los efectos desconocidos del ajuste de las compras de deuda y la guerra de Rusia en Ucrania.

"Son cosas muy, muy serias que creo que probablemente empujarán a Estados Unidos y al mundo -es decir, Europa ya está en recesión- y es probable que pongan a Estados Unidos en algún tipo de recesión de aquí a seis o nueve meses", dijo Dimon.

Sus comentarios se producen en un momento de creciente preocupación por la perspectiva de una recesión económica a medida que la Reserva Federal y otros grandes bancos centrales suben los tipos de interés para combatir la creciente inflación.

La Fed subió los tipos de interés de referencia en tres cuartos de punto porcentual el mes pasado, la tercera subida consecutiva de esa magnitud. Los funcionarios de la Fed también indicaron que seguirían subiendo los tipos muy por encima del rango actual del 3% al 3,25%. Algunas voces se preguntan si las subidas no están yendo demasiado rápidas. EL mes pasado, el presidente de la Reserva Federal de Chicago, Charles Evans, dijo que le preocupa que el banco central estadounidense vaya demasiado lejos, demasiado rápido, en su intento de atajar las altas tasas de inflación.

Dimon defendió la actual del banco central estadounidense y dijo que que aunque la Fed "esperó demasiado e hizo demasiado poco" cuando la inflación empezó a subir y alcanzó máximos de cuatro décadas, la autoridad monetaria está "claramente poniéndose al día". "Y, desde aquí, deseémosle todos éxito y crucemos los dedos para que consigan ralentizar la economía lo suficiente como para que, sea lo que sea, sea suave -y es posible-", añadió.

Saludos.

[Cadavre Exquis]

https://www.lavozdegalicia.es/noticia/economia/2022/10/11/gobierno-lanza-73-medidas-ahorrar-5-13-gas-primavera/00031665485127591997195.htm

https://www.lavozdegalicia.es/noticia/economia/2022/10/11/medidas-ahorro-propone-gobierno-hogares-empresas/00031665495289738613304.htm

https://www.expansion.com/empresas/energia/2022/10/11/634550c5468aeb58608b45b9.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/2022/10/12/6345e821e5fdea6a0f8b45d5.html

https://www.expansion.com/economia/2022/10/11/6344d8c7e5fdead9128b4638.html

https://www.expansion.com/opinion/2022/10/12/6345c8dce5fdeace1f8b45aa.html

Saludos.