PPCC: Pisitófilos Creditófagos. Invierno 2024

[el malo]

Cuando tengo que posicionarme en algo y quiero estar cubierto y con buena excusa ante una respuesta en contra del peticionario, siempre lo tengo que consultar.
Y es probable que sea mi almohada y no con nadie que mande sobre mi.  Aunque me interesa que así lo crea el peticionario.


Sds.

Que conste que con eso de "los de arriba ya lo han decidido" no me refiero a ningún ente extraño.
A lo que me refería es que Margarita forma parte de una estructura y ella no ocupa el primer escalafón en esa estructura.
Los que están en los diversos escalafones de esa estructura no se deben a nadie, salvo a  la propia estructura.

Puedo equivocarme pero pienso que en este foro nadie cree en gobiernos mundiales. Tampoco que las decisiones que toma Joe Biden las toma Joe Biden.

Reiter yo sí creo en un grupo de personas muy poderosas que deciden por nuestros gobiernos. Y no son reptilianos ni se reunen en salas oscuras iluminadas por antorchas, se reunen en Davos a la vista de todos. Los presidentes de los distintos países no van a Davos a decidir el destino del mundo, van a recibir órdenes.

¿Qué me hace pensarlo? Que cada vez que un presidente o un presidenciable saca los pies del tiesto, se le "llama a consulta" y al poco tiempo sale más suave que un guante desdiciéndose de lo que dijo (o como Meloni, no haciendo lo que dijo que iba a hacer).

Y claro que hay élites muy sucias y corruptas, y unas cloacas que si nos las mostraran seguramente no nos lo creeríamos. Vease la lista Epstein y cómo "se suicidó" (ja!) cuando estaba en vigilancia especial antisuicidos, ese día las dos cámaras no funcionaban, los guardias se quedaron dormidos y su compañero de celda fue transferido sin previo aviso.

[Derby]

https://www.wsj.com/articles/china-evergrande-fraudulently-boosted-sales-regulator-says-356eaee4
https://www.msn.com/en-us/money/markets/china-evergrande-fraudulently-boosted-sales-regulator-says/ar-BB1k6txn

China Evergrande Fraudulently Boosted Sales, Regulator Says

China Evergrande Group faces a potential fine of more than half a billion dollars, after Chinese regulators found its most important subsidiary had fraudulently boosted sales and profit in the years before the property company’s spectacular collapse.

The securities regulator is also banning Evergrande’s founder and former chairman, Hui Ka Yan, from the financial markets for life, according to a filing late Monday by Hengda Real Estate, the company’s main operating vehicle inside China.

The China Securities Regulatory Commission found Hengda had substantially inflated crucial reported financials in 2019 and 2020, and relied on those misleading figures to sell bonds. It judges sales were overstated by a total of 564.1 billion yuan over the two years, or the equivalent of $78.4 billion.

The alleged overstatements were larger in the second year, making up 79% of total reported operating income and 87% of profit, Hengda said. The regulator believes the unit committed financial fraud by improperly recognizing revenue in advance, it said.

As well as Hui, the regulator is banning former Evergrande Chief Executive Xia Haijun from the securities market for life. It will fine both men. It will also penalize several other Evergrande executives. The securities commission also found fault with Evergrande’s disclosures, including its late publication of financial results.

Hui and Xia couldn’t immediately be reached for comment. Evergrande didn’t immediately respond to a request for further comment.

Late last year, GMT Research, a Hong Kong-based accounting research firm, queried Evergrande’s historic profitability, highlighting changes to the company’s policy on when it recognized revenue from apartment sales.

Evergrande later said the report lacked substance, and its published financial statements were vetted by outside auditors. It said accounting policies were switched because of its liquidity crisis and staff losses.

Hui, who is also known as Xu Jiayin, founded Evergrande in the mid-1990s and was once one of the world’s richest men. He was put under investigation in September for suspected crimes. Xia, the former CEO, was ousted in July 2022.

Evergrande, which had run up liabilities of more than $300 billion, defaulted in late 2021, helping spark a broader property crisis in the world’s second-largest economy. In January of this year, a Hong Kong court ordered Evergrande to liquidate.

[Cadavre Exquis]

32-Hour Workweek for America Proposed by Senator Bernie Sanders
Posted by EditorDavid on Monday March 18, 2024 @03:34AM from the thank-god-it's-Thursday dept.

The Guardian reports that this week "Bernie Sanders, the independent senator from Vermont who twice ran for the Democratic presidential nomination, introduced a bill to establish a four-day US working week."

"Moving to a 32-hour workweek with no loss of pay is not a radical idea," Sanders said on Thursday. "Today, American workers are over 400% more productive than they were in the 1940s. And yet millions of Americans are working longer hours for lower wages than they were decades ago. "That has got to change. The financial gains from the major advancements in artificial intelligence, automation and new technology must benefit the working class, not just corporate chief executives and wealthy stockholders on Wall Street.

"It is time to reduce the stress level in our country and allow Americans to enjoy a better quality of life. It is time for a 32-hour workweek with no loss in pay."

The proposed bill "has received the endorsement of the American Federation of Labor and Congress of Industrial Organizations, United Auto Workers, the Service Employees International Union, the Association of Flight Attendants" — as well as several other labor unions, reports USA Today:

More than half of adults employed full time reported working more than 40 hours per week, according to a 2019 Gallup poll. It is time to reduce the stress level in our country and allow Americans to enjoy a better quality of life," Sanders said... More than 70 British companies started to test a four-day workweek last year, and most respondents reported there has been no loss in productivity.

A statement from Senator Sanders:

Bill Gates, the founder of Microsoft, and Jamie Dimon, the CEO of JP Morgan Chase, predicted last year that advancements in technology would lead to a three or three-and-a-half-day workweek in the coming years. Despite these predictions, Americans now work more hours than the people of most other wealthy nations, but are earning less per week than they did 50 years ago, after adjusting for inflation.

"Sanders also pointed to other countries that have reduced their workweeks, such as France, Norway and Denmark," adds NBC News.

USA Today notes that "While Sanders' role as chair of the Senate Health, Education, Labor, and Pensions Committee places a greater focus on shortening the workweek, it is unlikely the bill will garner enough support from Republicans to become federal law and pass in both chambers."

And political analysts who spoke to ABC News "cast doubt on the measure's chances of passage in a divided Congress where opposition from Republicans is all but certain," reports ABC News, "and even the extent of support among Democrats remains unclear."

Saludos.

[AbiertoPorDemolicion]

Ayuso está políticamente muerta. Le han hecho un Cifuentes. Feijoo mirando para otro lado mientras lee la crónica del partido del Celta en La voz de Galicia

Todo lo contrario. Ayuso, va a ganar las próximas elecciones por mayoria absoluta.
 
¿O alguien se esperaba que las mafias politico-mediáticas se iban a quedar mirando con cara de tontos como las clases medias extractivas se daban un festín de "sacar" las rentas salariales a las clases bajas y inmigrantes, sin llevarse su parte? ¿O que las clases medias iban a dejar a las mafias politico-mediáticas saquear el estado sin llevarse ellas nada, cuando son los que tienen El Poder de ponerles en el gobierno? Hay que ser muy creyente en la democracia, en los valores humanos y en esas cosas que nos contaban de niños en los cuentos infantiles.

Lo que ha hecho Ayuso (corrupción política + saqueo del estado + El Pisito) forma parte del contrato social entre las clases medias extractivas y las mafias politico-mediaticas; y Ayuso ha enviado un mensaje claro a la ciudadania de que el pacto social sigue vigente, que lo ha entendido y lo está ejecutando según el plan. Ademas, el dinero lo ha metido en El Pisito, pasando a formar parte de las filas de El Propietariado. Ya solo por eso, va a ser recompensada en las próximas elecciones.

Si por el contrario se calzan a Ayuso, sería un acto de traición hacía ella y un mensaje erróneo para el que venga detrás, que podría entender que el pacto social está finiquitado y que ya se puede empezar a desmantelar El Pisito.

[Derby]

No pinta nada bien, no...

https://www.bloomberg.com/news/articles/2024-03-18/signa-prime-kuehne-in-talks-on-emergency-loan-to-buy-time

Signa Prime, Kuehne in Talks on Emergency Loan to Buy Time

Signa Prime and the holding company of logistics billionaire Klaus-Michael Kuehne are in talks about handing the insolvent property firm a lifeline as creditors meet to discuss its restructuring plan.

Kuehne Holding, a Signa Prime shareholder, and some banks are considering an emergency loan for more than €100 million ($109 million), according to people familiar with the matter. It would provide liquidity to cover bills and continue construction on developments, they said, asking not to be identified discussing private information.(...)

[Derby]

https://www.ft.com/content/77982158-7e3a-4646-afc0-78365ba5d973#post-75b0454c-0f29-48ef-80db-8834f0ce7976

Odds of Fed rate cut in June below 50% as ‘higher for longer’ worries return

The probability of the Federal Reserve starting its rate cut cycle in June has now fallen below 50 per cent, continuing a shift in expectations so far this month.

Ahead of the central bank’s March 20 decision on monetary policy, traders are attaching a 48.6 per cent chance to a quarter-point cut in June, according to Bloomberg data. That is down from a 50.1 per cent on Friday and 62 per cent a week ago.

When Jay Powell earlier this month said the Fed was “not far” from having the confidence to start cutting interest rates, traders had fully priced in a July cut and many market participants were still betting on a June reduction.

The latest moves follow last week’s sticky inflation data and come as economists polled by the Financial Times indicated they think the Fed will be forced to keep interest rates higher for longer.

[Benzino Napaloni]

Si por el contrario se calzan a Ayuso, sería un acto de traición hacía ella y un mensaje erróneo para el que venga detrás, que podría entender que el pacto social está finiquitado y que ya se puede empezar a desmantelar El Pisito.

¿Y si es inevitable? Miren las noticias que ha traído Derby hoy. Que los acreedores acepten a Signa una quita del 70% sólo es posible si no quedan más narices. Eso es señal de que es eso, o perder también buena parte del 30% restante.

La cosa no es si la MN y el Pisito español quieren, es si pueden. Y por poder no me refiero a quemar en la pira a otra generación más, está clarísimo que venderían a sus propios hijos. Me refiero a no poder seguir ya con la farsa entera.

Aunque haya sido en USA, que haya habido directivos de RRHH rechazando ofertas de seis cifras por la locura de los precios en el sitio en cuestión, es otra señal más. Ahora ya no hay medias tintas, las caretas se han caído. O se les deja arrasar con todo a los propietarios, y luego el vacío, o se les para. Viendo lo que están haciendo Powell y Lagarde, huele a que habrá más de lo segundo que de lo primero.

[Derby]

https://www.newsweek.com/walgreens-lays-off-hundreds-store-closures-loom-1880567

Walgreens Lays Off Hundreds As Store Closures Loom

Walgreens has laid of hundreds of employees in two different states amid cost-cutting measures at the company that includes paring down its physical stores and reducing staff numbers amid a shift in strategy in the business.

On Monday, the company told Newsweek that it will cut nearly 650 jobs in Dayville, Connecticut, and Orlando, Florida, as it reevaluates its business.

"We are focused on aligning our operational structure to best serve our patients and customers. This includes an evaluation of our distribution center operations in order to streamline capacities to best support our stores," a company official told Newsweek in a statement.

"After a careful review, we've made the difficult decision to close our distribution centers in Dayville, Connecticut, and Orlando, Florida, resulting in the elimination of approximately 646 total roles."

Last summer, the company said that it will close 450 stores—300 in the United Kingdom and 150 in the U.S.—as part of cross-cutting measures. The company also said at the same time that there were going to institute a "restructuring" of the organization.(...)

[CHOSEN]

Ya dije mas veces que el PSOE sanchista, corrupto y traidor hasta usar el parlamento para dar el pésame por un etarra suicidado, es la mejor opción para hacer la transición estructural.
Hasta ahí estoy al 100% con el maestro.
Pero la realidad es esa que comentas: que Ayuso es tan mala que morirá en el cargo de vieja, como Franco. Que estamos a dos telediarios de que el proyecto socialdemócrata descarrile, que los comunistas piscineros han sido inhabilitados, y que las amistades sociatas son etarras y prófugos de la justicia. Si el PSOE pierde las elecciones, tendrá que compartir pancarta con ellos.
Y quien sabe si hasta parabellums 
El pisito está tan integrado en el ADN de tantas generaciones, que la respuesta democrática puede ser letal. El PP va a explotar eso hasta que no quede nada en pie. Y un PSOE en la oposicion seguramente haga el resto.

[Derby]

Tendrá que ver con la valoración real de sus activos inmobiliarios 

https://www.ft.com/content/b16b0375-c5ab-4f84-9e28-f751c9e56851

Donald Trump’s lawyers say he cannot raise bond in $464mn New York fraud case

Former president is asking court to delay enforcement after Trump Organization approached 30 surety companies

[Derby]

https://www.bloomberg.com/news/articles/2024-03-18/morgan-stanley-s-shalett-warns-us-stocks-at-risk-in-dollar-regime-shift

Morgan Stanley Warns US Stocks at Risk in ‘Dollar Regime Shift’

Easy financial conditions, strong dollar have boosted stocks
But weakening greenback threatens to weigh on equity multiples

The chief investment officer of Morgan Stanley Wealth Management has a warning for stock bulls: the structural forces weighing on the dollar are threatening to spread to US equities in turn.

“Consider preparing for a US dollar regime shift,” cautioned Lisa Shalett. Deteriorating relations with China, the end of yield curve management in Japan and rising Bitcoin and commodity prices suggest the currency’s run “might be hitting its limit.”

“While correlation is not causation, the correlation of US dollar strength to P/E ratios is worth monitoring now that the greenback’s bull market cycle may be maturing,” she wrote in a note Monday.

According to Shalett, that dollar strength has been at the “heart of an easy money regime” in the US — by pushing down import-related inflation and pressuring energy prices lower — that has boosted the performance of the equity market of late.



Shalett recently encouraged investors to look abroad for future stock returns as a hedge against a potential correction in US equities. She, along with a handful of others on Wall Street have cautioned on the latest bull run in stocks even as US benchmarks continue to reach new milestones.

After falling nearly 3% in 2023, the greenback got off to a hot start this year as traders rapidly dialed back expectations of monetary easing from the Federal Reserve. But those gains have stalled even as bets on the pace of rate cuts were further reined in. A Bloomberg gauge of the dollar has slipped 0.5% this March while Bitcoin and gold prices traded to recent, record highs.

Pressuring the dollar is the prospect of Bank of Japan tightening its policy even as major Group-of-10 peers cut interest rates, that should boost the yen and Japanese rates and repatriation flows out of US equities, Shalett said. Fractured US-China relations, especially in the midst of the US presidential election, also threaten to accelerate de-dollarization — a move perhaps reflected in rising gold prices — she said.

A broader downtrend in the dollar would then flow through to US stocks via earnings multiples, the expansion of which has been responsible for much of the market’s recent gains.

“If global policy starts rebalancing toward a pre-GFC mix, or market euphoria ushers in a capital markets bust and a weaker dollar, investors may benefit from more asset and geographic diversification,” Shalett said.

[Derby]

https://www.ft.com/content/537a9365-df30-4348-b791-b44cab2708ae

Europe’s top banking supervisor warns of tougher times ahead

Claudia Buch says eurozone lenders face rising insolvencies, geopolitical risks and upheaval in energy-intensive industries

European banks must brace themselves for rising insolvencies, greater geopolitical risks and upheaval in energy-intensive industries, the eurozone’s new chief banking supervisor has warned.

Claudia Buch, who became chair of the European Central Bank’s supervisory arm in January, said in an interview with the Financial Times that banks were “not out of the woods yet” despite emerging in what she said was a “good position” after the Covid-19 pandemic and Russia’s full-scale invasion of Ukraine.

The ECB’s increase in its benchmark interest rate to a record high of 4 per cent to tackle soaring inflation last year “still has to filter its way through the financial system”, Buch said, adding that bankruptcies and loan defaults were likely to keep rising for some time.

“It’s just extremely unlikely that we would have a period of structural change where there’s no increase in defaults,” she said. Europe’s “industrial regions will look very different in the future, depending on the availability of renewable energy in different countries”.

“We will have more relocation of activities, we will have more sectoral relocation . . . firms have to adjust,” she predicted. “This is something banks have to factor in.”

European insolvencies fell sharply in 2020-22 when governments provided vast amounts of aid to companies to blunt the impact of the pandemic and the energy crisis caused by Russia’s war. But they have since risen higher than pre-pandemic levels, as stagnant growth, rising borrowing costs and high energy prices took their toll on more companies.



Banks in the region have enjoyed a surge in profits as low defaults and high interest rates boosted lending margins. This has put them on course to return more than €120bn to shareholders in 2024, up more than 50 per cent from last year.

Yet Buch worries about complacency because the methods banks use to gauge risk are too backward-looking. “Most of the risk models that the banks are using don’t really give us a story about how risks will evolve in the future, because they are based on the past,” she said.

Promising to be “very vigilant” on this issue, Buch wants lenders to use more specific scenarios to map out how risks may materialise in the future. “Take, for example, the Red Sea scenario, or sources of fragmentation of global supply chains: how would that affect the specific corporate customers, the sectors to which the bank is exposed?” she said.

Buch, who was previously vice-president of Germany’s Bundesbank, is not well known to many bank executives and analysts. But her tough message is already starting to sink in. Andrea Filtri, co-head of research at Mediobanca, last week described the “Buch doctrine” as “a new philosophy of regulation, based on a greater emphasis on ‘unknown unknowns’.”

Shares of European banks still trade at a significant discount to their US rivals and some executives — such as UBS chief Sergio Ermotti — have blamed excessive regulation for holding back lenders in Europe.

Yet Buch gave these claims short shrift. “This is what we also sometimes hear from industry — that we are too strict,” she said, adding that the ECB had calculated how US rules would affect the biggest European banks and found their capital requirements would be higher.

“If anything, we don’t find evidence that our rules are stricter for these largest banks,” she said. “For Europe’s smaller and mid-sized banks, US regulation would result in slightly lower capital requirements. But I’m quite glad about our stricter approach, given what happened recently at several mid-sized US banks.”

She pointed out that the valuation gap between European and US banks was similar in other sectors of the economy. “So that brings us to a broader question. What is driving these differences in valuations?” she said, pointing out it could reflect Europe’s thinner and more illiquid capital markets, or its lower growth potential.

Banks also privately complain about the ECB’s recent threat to impose daily fines on those that do not meet its expectations for tackling climate change risks, saying companies are not providing them with the information they need.

Buch said it was “realistic” for banks to meet those requirements, and gave the example of energy-efficiency certificates for mortgages. “That is something one can, in most of the countries, easily get at a certain price,” she said. But, she added, “even in that space, we’re seeing deficiencies, so the banks are not getting the information that they should get in order to assess these risks”.

The threat of daily fines, while yet to be enforced, is “a general escalation tool that we would use for other issues”, Buch said.

Such issues could range from banks’ outdated IT systems to shortfalls in data aggregation and reporting. The ECB is also in the middle of a stress test exercise to assess banks’ defences against cyber attacks, which Buch said “have gone up” in recent years.

Her team continues to put pressure on European banks with operations in Russia to exit. Buch said eurozone banks had cut their Russian activities by half in the past two years and those still present, which include Italy’s UniCredit and Austria’s Raiffeisen, had been given “clear expectations on how we expect a downsizing of activities and exit strategies”.

[conejo]

El medio de moda:

https://theobjective.com/elsubjetivo/opinion/2024-03-18/ladran-luego-cabalgamos/

[Saturio]

Cuando tengo que posicionarme en algo y quiero estar cubierto y con buena excusa ante una respuesta en contra del peticionario, siempre lo tengo que consultar.
Y es probable que sea mi almohada y no con nadie que mande sobre mi.  Aunque me interesa que así lo crea el peticionario.


Sds.

Que conste que con eso de "los de arriba ya lo han decidido" no me refiero a ningún ente extraño.
A lo que me refería es que Margarita forma parte de una estructura y ella no ocupa el primer escalafón en esa estructura.
Los que están en los diversos escalafones de esa estructura no se deben a nadie, salvo a  la propia estructura.

Me leo a mi mismo y parece que estoy leyendo a un trumpista hablar del deep state.
Pero es que es así. ¿No?.
Nadie se ha atrevido a preguntar a los europeos o a los españoles lo que piensan sobre el asunto.
Se ha decidido y ya está.
Otra cosa es que no está muy claro lo que se ha decidido. Básicamente, supongo, que se va a subir lo que hay en el stake para que Ucrania no pierda la guerra, sin ponerse límites.

[sudden and sharp]

Cuando tengo que posicionarme en algo y quiero estar cubierto y con buena excusa ante una respuesta en contra del peticionario, siempre lo tengo que consultar.
Y es probable que sea mi almohada y no con nadie que mande sobre mi.  Aunque me interesa que así lo crea el peticionario.


Sds.

Que conste que con eso de "los de arriba ya lo han decidido" no me refiero a ningún ente extraño.
A lo que me refería es que Margarita forma parte de una estructura y ella no ocupa el primer escalafón en esa estructura.
Los que están en los diversos escalafones de esa estructura no se deben a nadie, salvo a  la propia estructura.

Me leo a mi mismo y parece que estoy leyendo a un trumpista hablar del deep state.
Pero es que es así. ¿No?.
Nadie se ha atrevido a preguntar a los europeos o a los españoles lo que piensan sobre el asunto.
Se ha decidido y ya está.
Otra cosa es que no está muy claro lo que se ha decidido. Básicamente, supongo, que se va a subir lo que hay en el stake para que Ucrania no pierda la guerra, sin ponerse límites.

En este tema, como casi siempre, hay que fijarse en lo que hacen. Ni caso a lo que digan.

Ejemplo:

Lo que se puede leer. (Hay muro.)

Dinamarca implanta la mili obligatoria para las mujeres por la amenaza de Rusia
https://www.elmundo.es/internacional/2024/03/18/65f851a0fdddff5f038b4588.html
Se ampliará de los cuatro meses a once. Los primeros cinco meses serán un curso básico y los últimos seis, los reclutas formarán parte de las Fuerzas Armadas




Pero al buscar en google: "mili mujeres dinamarca", google da también un resumencillo:

"La primera ministra desea introducir la mili obligatoria para las mujeres, una medida que entraría en vigor en 2026. Hasta ahora, y desde 1998, las mujeres han tenido la posibilidad de realizar el servicio militar de forma voluntaria a través de la llamada ley de conscripción."

... que ya se ve que no es lo mismo. ¿Tiene mayoría? ¿Globo sonda?