PPCC: Pisitófilos Creditófagos. Verano 2023

[sudden and sharp]

 

[Derby]

https://www.bloomberg.com/news/articles/2023-08-24/zillow-offers-1-down-payment-to-lure-struggling-homebuyers

Zillow Offers 1% Down Payment to Lure Struggling Homebuyers

*The 1% offering is lower than Freddie Mac’s best of 3%
*Comes as mortgage rates in the US hit a 22-year high

Zillow Group Inc. is offering mortgages with just a 1% down payment as it tries to attract house hunters facing the the most-unaffordable market in almost four decades.

The 1% down payment program is even lower than Freddie Mac’s best of 3%, with Zillow offering to pay 2% of the down payment at closing, according to a statement Thursday.(...)

[Derby]

https://www.reuters.com/markets/us/mortgage-lender-betters-shares-sink-nasdaq-debut-2023-08-24/

Mortgage lender Better's shares sink in grim Nasdaq debut

Aug 24 (Reuters) - Shares in Better (BETR.O) plummeted more than 95% on Thursday as investors snubbed the online mortgage lender, which went public via a blank-check company merger just as mortgage rates have hit two-decade highs.

SoftBank-backed Better completed its combination with special purpose acquisition company (SPAC) Aurora Acquisition Corp on Thursday, a deal that was first announced in 2021 but delayed amid regulatory scrutiny and layoffs, regulatory filings show.

Aurora went public in March 2021. Shares in Better Home & Finance Holding Co, the newly merged entity, fell as low as 77 cents in early trading, and were last down 94% at $1 in late afternoon trading.

SPACs are shell companies that raise funds through a public listing with the goal of acquiring a private company and taking it public. Investors in the SPAC typically have the option to redeem their shares before the merger.

In Better's case, 95% of Aurora shareholders redeemed their shares, leaving the SPAC's trust account with roughly $24 million at the end of June from about $283 million at the end of last year, filings show. Typically, a small amount of publicly available shares makes a stock prone to volatility.

The company did not immediately respond to a request for comment on the share price move.

The completion of Better's merger with Aurora will provide the mortgage lender with an infusion of $550 million from SoftBank, which it will use to expand its mortgage product offerings, CEO Vishal Garg told Reuters in an interview earlier this week.

Better is going public as U.S. mortgage rates continue to surge, with the popular 30-year fixed rate last week hitting the highest level since December 2000, helping drive mortgage applications to a 28-year low, the Mortgage Bankers Association said on Wednesday.

That came after yields on U.S. government bonds that influence home-loan rates surged to the highest since the 2007-2009 financial crisis.

Better enjoyed huge growth during the onset of the COVID-19 pandemic when mortgage rates cratered, notching more than $850 million in revenue in 2020, filings show. But it has struggled as rates have risen, reporting a net first quarter loss of $89.9 million in July.

The company, however, expects a boom in demand for refinancings next year, when the U.S. Federal Reserve is expected to start cutting interest rates, which in turn would cause Treasury bond yields and mortgage rates to fall.

"We think that this is a really great time for us to be out there, capitalized with an additional $550 million from SoftBank that will enable the company to continue to innovate and serve its customers," CEO Garg told Reuters.

Amid ultra-low interest rates, the SPAC market exploded in 2021, but quickly drew scrutiny from the U.S. Securities and Exchange Commission, concerned some investors were getting a raw deal. Since then, U.S. Federal Reserve interest rate hikes aimed at taming inflation and an SEC crackdown have put a damper on the SPAC market, and redemption rates have risen.

[asustadísimos]

['EFFET BELLE-MÈRE'.— El peor momento (¡de la historia!) para comprar es el mejor momento (¡de la historia!) para vender. ¿Dónde pone que las adquisiciones inmobiliarias que se ven hoy no tienen truco todas?]


['ВАГНЕРА'.— ¿Dónde pone que todos los organizadores de cabalgatas de valkirias vuelan?
https://www.youtube.com/watch?v=fc3G_f34Wrc ]


['CREAMS-EATER'.— En los finales, se presume que todo es mentira y se invierte la carga de la prueba.]

[Asdrúbal el Bello]

 

https://foreignpolicy.com/2017/06/09/the-thucydides-trap/

[Asdrúbal el Bello]

['EFFET BELLE-MÈRE'.— El peor momento (¡de la historia!) para comprar es el mejor momento (¡de la historia!) para vender. ¿Dónde pone que las adquisiciones inmobiliarias que se ven hoy no tienen truco todas?]


['ВАГНЕРА'.— ¿Dónde pone que todos los organizadores de cabalgatas de valkirias vuelan?
https://www.youtube.com/watch?v=fc3G_f34Wrc ]


['CREAMS-EATER'.— En los finales, se presume que todo es mentira y se invierte la carga de la prueba.]

Algunos hasta flotan. A lo largo de la historia los mayores esfuerzos y recursos se han empleado en cosas como esas, sobre todo en tiempos de zozobra.

https://www.youtube.com/watch?v=4Nr1AgIfajI

[Vipamo]

[Notición que cambia el equilibrio mundial:
6 nuevos miembros del grupo BRICS, que pasan a ser 11:
• Argentina (está claro que cuentan con la montonera manodurista Bullrich, no con el concon Milei)
• Irán
• Arabia Saudita
• Egipto
• Emiratos Árabes Unidos
• Etiopía
'Pro memoria': El grupo data de 2006: Brasil Rusia, India y China; Sudáfrica se unió en 2011.
¡Jaque mate!]

Estas son las primeras 12 horas de campaña aérea de la operación Tormenta del Desierto. Aunque algunos dibujitos representan una unidad concreta, la gran mayoría corresponden a grupos de entre tres y doce aviones o misiles.
Eso fue en 1991.
Lo que puede hacer EE.UU. en 2023 es inimaginable.

https://www.youtube.com/watch?v=lFb6ggO6c20

Imagínate de lo que son capaces los legionarios romanos hoy en el año 2023.

[sudden and sharp]

 

https://foreignpolicy.com/2017/06/09/the-thucydides-trap/

¿Qué sabia Tucídides de la bombas nucleares y de la doctrina de la destrucción mutua asegurada?

Lo suficiente. Conocía el concepto de victoria pírrica y de ahí: "war is almost always the result."

El almost tiene su importancia.







Pero es que: si p entonces q.
No p

No se da: "one great power threatens to displace another". Ni de lejos. (Hablo de monedas, yo. O de influencia cultural)

Ni p, ni q... y en cualquier caso, almost.



----------
[ Otra de pulpo. ]

[asustadísimos]

[¡QUÉ DEPRISA LE CRECEN LOS ENANOS A EE.UU.! Ahora, sin Golfo Pérsico ni Mar Rojo (y, por tanto, Canal de Suez) y una Argentina montonera —Bullrich—. El EUR/USD a 1.6000 me empieza a parecer poco. Pobreticos los inmobiliarios españoles: vamos a ver el ajuste de precios más a pelo de la historia (no me extraña que nadie quiera ser presidente del Gobierno).]


[MILEI NO PINTA NADA YA. Es mitad bluf, mitad suflé. Es un 'blufé', neologismo nuestro que merecería entrar en el lunfardo, ¿no? En la zona manda Brasil —gobernado por el sindicalista Lula da Silva desde el 1 de enero de este histórico 2023—, que es el país que acogió de urgencia a 'La Piba' cuando tuvo que huir de la dictadura militar. Allí trabajó de dependienta y costurera. Por cierto, acabó en Madrid, donde dirigió a los montoneros exilados. Tiene dos pantalones de verdad, no de boquilla como La Atea (la Sra. Ayuso es una milei, una blandurria que no le importa desagradar). Les recomiendo las voces 'Patricia Bullrich' y 'Montoneros', de la Wikipedia. No solo sabrán de la vida y milagros de la próxima presidenta argentina, sino que aprenderán la historia reciente del País. Están muy bien traídas. Un servidor, en el Madrid que conoció Bullrich, tenía dos amigos argentinos. Eran hermanos. Su padre, exilado. Uno se mató en un carrera de moto-cross. Fui a muchas carreras a la Base de Torrejón, a la Casa de Campo, a Onteniente, &c. Yo no corría, pero no se me daba mal. Estaba fuerte de brazos. El otro, que se casó con mi prima más querida, se estrelló entrenando vuelo acrobático deportivo. Aprendimos juntos a llevar (y desmontar y montar) motos, karts y coches (entrené La Morcuera con Ford Fiesta), y a volar aviones en Cuatro Vientos. He comido mucho dulce de leche casero. El primer negocio cuya contabilidad ayudé a montar fue de su padre: un túnel de lavado de coches en Azca. Luego vendrían más, incluso una academia de inglés de mi prima y su socia nativa cerca del Retiro. Les cuento mi vida, perdónenme, esta cuarta noche seguida de calor sofocante, con mi mujer durmiéndose viendo 'Orgullo y prejuicio'.]


['Creams-eater' es la versión 'from-lost-to-the-river' de papanatas, por si no se habían dado cuenta. Ya que sale: DESPUÉS DE HOY, SEGURO QUE NO VA A HABER GUERRA MUNDIAL CONVENCIONAL. EE.UU. YA NO ES LO QUE ERA. ¡Que hoy, el día del BRICS-11 y del oportunísimo entierro wagneriano, es el día en el que Trump, por fin, se ha convertido en cliente de las instituciones penitenciarias norteamericanas!]


[La cantidad y magnitud de eventos estructuraltransicionistas que están produciéndose a diario es asombrosa. Me va a estallar la cabeza. Hay una cosa que se llama 'granularidad emocional'. Paso del asco a la sorpresa, pero siempre alegre y sin miedo. Lo que va pasando se me presenta todo coherente. Algunos días caigo en la ira y me salen parrafadas agresivas. Lo siento.]


[TODO ENCAJA.]

[Cadavre Exquis]

['Creams-eater' es la versión 'from-lost-to-the-river' de papanatas, por si no se habían dado cuenta. Ya que sale: DESPUÉS DE HOY, SEGURO QUE NO VA A HABER GUERRA MUNDIAL CONVENCIONAL. EE.UU. YA NO ES LO QUE ERA. ¡Que hoy, el día del BRICS-11 y del oportunísimo entierro wagneriano, es el día en el que Trump, por fin, se ha convertido en cliente de las instituciones penitenciarias norteamericanas!]

Trump's first post since he was reinstated on X is his mug shot
The former president was booked at the Fulton County jail in Georgia.

By Igor Bonifacic Mariella Moon | August 24, 2023

ALON SKUY via Getty Images

Former President Donald Trump is back on Twitter (now X) more than two years after he was banned from the platform in the aftermath of the January 6th Capitol riot. On August 24th, 2023, Trump tweeted for the first time since the website reinstated his account on November 19th, 2022. His first post? An image with the mug shot taken when he was booked at the Fulton County jail in Georgia on charges that he conspired to overturn the results of 2020 Presidential elections.

The image also says "Election Interference" and "Never Surrender!," along with a URL of his website. Trump linked to his website in the tweet, as well, where his mug shot is also prominently featured with a lengthy note that starts with: "Today, at the notoriously violent jail in Fulton County, Georgia, I was ARRESTED despite having committed NO CRIME."

https://twitter.com/realDonaldTrump/status/1694886846050771321

In November last year, Musk appeared to make the decision to reinstate Trump’s account based on the results of a Twitter poll. He asked people to vote on whether Trump should have access to his account returned. At the end of 24 hours, the option to reinstate the former president won with 51.8 percent of a decision that saw more than 15 million votes. Musk admitted at the time that some of the action on the poll came from “bot and troll armies.” Prior to the poll, Musk also said the decision on whether to reinstate Trump would come from a newly formed moderation council, but he never followed through on that pledge.

The website then known as Twitter banned Trump in early 2021 after he broke the company’s rules against inciting violence. The initial suspension saw Trump lose access to his account for 12 hours, but days later, the company made the decision permanent. At first, Trump tried to skirt the ban, even going so far as to file a lawsuit against Twitter that ultimately failed. Following his de-platforming from Twitter, Facebook and other social media websites, Trump went on to create Truth Social. Following his reinstatement, Trump said he didn’t “see any reason” to return to the platform. That said, the promise of reaching a huge audience with something as dramatic as a mug shot was obviously too good for Trump to pass up, particularly with what is likely to be a messy Republican primary on the horizon.

https://donaldjtrump.com/

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/opinion/noticias/12417774/08/23/un-cerco-en-torno-a-estados-unidos.html

https://www.eleconomista.es/mercados-cotizaciones/noticias/12417818/08/23/los-brics-suman-seis-nuevos-paises-y-ya-controlan-el-42-de-la-oferta-mundial-de-crudo.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/retail-consumo/noticias/12417574/08/23/la-inflacion-arrastra-al-comercio-a-una-oleada-de-quiebras-suben-un-32-en-el-ultimo-ano.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/vivienda-inmobiliario/noticias/12417766/08/23/pisos-de-alquiler-nuevos-y-baratos-en-pleno-madrid-bwre-invierte-90-millones-en-la-renovacion-de-edificios-abandonados.html

https://www.eleconomista.es/flash/#flash_40616

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/12417434/08/23/la-subida-salarial-por-convenio-en-la-eurozona-se-situa-en-maximos-de-los-ultimos-30-anos.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/12415917/08/23/la-reforma-encalla-en-los-contratos-de-menos-de-un-mes-siguen-suponiendo-un-tercio-del-total-.html

Saludos.