Re:PPCC: Pisitófilos Creditófagos. Invierno 2025

[senslev]

https://elterritoriodellince.blogspot.com/2024/12/estudiad-la-tabla-periodica-de-los.html

[Derby]

https://www.statista.com/chart/33788/annual-net-profit-loss-of-chinese-property-developers/

The Staggering Losses of the Chinese Property Crisis Emerge by Katharina Buchholz

After a long delay, embattled Chinese property developer Country Garden published full year figures for 2023 last week. The results are as bad as expected - a loss of $27.5 billion annually is the second biggest China's listed companies have ever seen. This is of course behind the spectacular 2021 loss of Evergrande, the Shenzhen-based developer that has become the poster child of the Chinese property sector meltdown. Evergrande lost almost $94 billion that year (of which $66 billion was attributable to shareholders) and reported losses for 2022 and the first half of 2023 put at just $17.2 billion and $5.4 billion, respectively. Like Evergrande, Country Garden has said that they expect smaller losses in its next report and put interim net profits at just -$2 billion for H1 2024.

Nevertheless, the damage done by the Chinese property developers meltdown is massive. Evergrande filed for U.S. bankruptcy in August of 2023 and was ordered to liquidate by a Hong Kong court in January of 2024. However, the bulk of the company's assets are in mainland China, outside the jurisdiction of U.S. and Hong Kong courts, so the real scope the liquidation will have is still unclear. Country Garden was meanwhile first petitioned to liquidate in February, also in Hong Kong, and will face the the prospect again on May 26. Both companies are in the process of restructuring their debt, which in the case of Evergrande, exceeded its annual revenue 10 times and stood at 1.8 percent of China's GDP. When Chinese regulators capped developers' debt-to-cash, debt-to-assets and debt-to-equity ratios in 2020, they set the incredible meltdown of the property sector in the country in motion.

Experts believe that a full restructuring of a property giant like Evergrande could take a decade, during which creditors like construction companies but also home buyers are left in perpetual limbo. While the meltdown has not taken the entire Chinese economy down with it (and is not expected to do so), there are still ripple effects causing other business sectors to also make less money now that the property sector is in crisis.

Additionally, the continued woes of the Chinese real estate sector are a symbol of the lagging of the Chinese economy and lowered domestic demand for goods and services in general. The spectacular nature of the meltdown is further discouraging consumers. Foreign direct investment into China also fell for the first time in 2023, which could be another sign of a crisis of confidence in relation to the country.

[Derby]

https://www.euractiv.com/section/eet/news/eu-supergrid-at-core-of-von-der-leyens-cheap-energy-plan/?ref=biztoc.com

EU supergrid at core of von der Leyen’s cheap energy plan

The Commission President revealed details of the upcoming ‘action plan on affordable energy’, due next month.


"Our competitiveness depends on getting back to low and stable energy prices," von der Leyen told Davos. [Copyright: World Economic Forum / Boris Baldinger]

European Commission President Ursula von der Leyen told the World Economic Fourm on Tuesday that a modernised EU supergrid would be at the heart of an upcoming plan to bring down power prices.

A "new plan that we will present in February" aimed at reducing energy prices will "remove any remaining barriers to our Energy Union," von der Leyen told the Davos summit, stressing the need to "better connect our clean and low-carbon energy systems."

"Our competitiveness depends on getting back to low and stable energy prices."

The Commission's 'Action Plan on Affordable energy' is slated for 26 February, and von der Leyen has charged her Energy Commissioner Dan Jørgensen with updating the governance rules which set out how EU countries collectively manage the bloc's power grid.

Europe must "mobilise more private capital to modernise our electricity grids and storage infrastructure."

Boosting the cable links between EU countries has long been a priority for Brussels.

By 2030, EU countries should be able to receive 15% of their hourly power demand from their neighbours, based on a 2013 study commissioned by the Commission that finds that a fully integrated European grid could save €12 to €40 billion annually.

Von der Leyen wants to conclude the drawn-out project. "It is time to complete our Union also on energy, so that clean power can run freely across our continent, and bring prices down for all Europeans," she said.

Last year, EU countries committed to the same vision that Belgium's Energy Minister Tinne van der Straeten called the "EU Supergrid."

[Benzino Napaloni]

https://as.com/actualidad/sociedad/fue-la-comunidad-de-extranjeros-mas-numerosa-en-espana-y-se-estan-marchando-por-este-motivo-es-muy-dificil-ahorrar-dinero-n/

La prensa deportiva haciéndose eco de la marcha de los inmigrantes rumanos.

Meten el dedo en la llaga: con la subida de costes no les merece la pena seguir en España y prefieren volver a Rumanía.

Esta inmigración que se va no es cualquiera. Es la "pata negra", ésa que se integra, trabaja, y paga impuestos. Los que han aprendido un oficio y ahora se lo llevan consigo. Doscientos mil menos en una década.

Y mientras tanto, "como no hay mano de obra, la vivienda se va a encarecer aún más".

[AbiertoPorDemolicion]

No me digan que no es gracioso:

Mientras la Úrsula va a los foros a hablar de european Competitiveness a una aburrida audiencia que posiblemente le importe una mierda lo que está diciendo y solo han ido al foro porque se lo ha ordenado su superior jerárquico....

Special Address by President von der Leyen at the World Economic Forum
https://ec.europa.eu/commission/presscorner/detail/es/speech_25_285

"To sustain our growth in the next quarter of the century, Europe must shift gears. This is why I asked Mario Draghi to deliver a report on European Competitiveness. And on that basis, next week the European Commission is presenting our roadmap, which will drive our work for the next five years. The focus will be to increase productivity"

... el Pope de los pisitófilos y caseros zampalangostinos, frotándose las manos porque saben mejor que nadie, que por las leyes del mercao y de la ley-de-la-oferta-y-la-demanda, todo ese increase productivity va ir a para a sus bolsillos.

El pronóstico de Gonzalo Bernardos sobre lo que pasará con la vivienda en 2025: "boom inmobiliario"
https://noticiastrabajo.huffingtonpost.es/economia/el-aviso-de-gonzalo-bernardos-sobre-el-mercado-de-la-vivienda-en-2025-un-boom-inmobiliario/

como ya te dije hace unos meses mi querida Úrsula, y perdón que me tome estas confianzas, hasta que no pongas el bozal a toda esta gente, olvídate de esto otro:

[...] We should not take anything for granted. And while some in Europe may not like this new reality, we are ready to deal with it. Our values do not change. But to defend these values in a changing world, we must change the way we act. We must look for new opportunities wherever they arise. This is the moment to engage beyond blocs and taboos. And Europe is ready for change.

Y yo añadiría:
This is the moment to engage beyond blocs, taboos and Totems sagrados.

[asustadísimos]

LOS POLÍTICOS BRONCOS DE LAS DEMOCRACIAS FORMALES BURGUESAS NO LO ESTÁN HACIENDO TAN MAL.—

¿Acaso los usureros del Ladrillo no están encantados con que no se construya?

La historia tiene leyes objetivas. Los políticos broncos de las democracias formales burguesas han de estar en sintonía con el sistema, por supuesto. Pero para tener poder han de ganar elecciones, lo que les obliga a entrar en sintonía con la mayoría natural electoral. Si, por cualquier causa, esta se ha echado al monte resentida, tendrá que traicionarla.

Hay veces en las que los políticos se creen las boberías con las que complacen a las masas. Se equivocan. Una cosa es lo que estas quieren oír y otra lo que de verdad quieren. Las masas consienten con la traición. Es Roma la que no paga traidores.

En suma, en las democracias formales burguesas, los políticos, para ganar votos, dicen lo que quieren oír sus mayorías naturales electorales; y, para obedecer al ortograma del sistema, se pueden ver en la tesitura de tener que incumplir lo prometido, incumplimiento que, paradójicamente, no cuesta votos porque las masas son ambiguas. Ejemplo español: del «OTAN, no» al «OTAN, de entrada, no», y todos tan contentos con el incumplimiento.

Sin embargo, el bréxit, Zelenski, Ayuso y Milei son incumplimientos incumplidos. ¿Qué está pasando? Son tiros anticapitalistas en el pie que desconciertan a las masas: «Yo te voté porque decías barbaridades contando con que no las cumplirías; y tú vas y las cumples contra el sistema». Lo mismo podemos decir de la 'perestroika' y la 'glasnot', las ideítas de aquel funesto comunista revisionista que acabó vendiendo pizza donde la momia de Lenin: https://www.youtube.com/watch?v=fgm14D1jHUw

Vean la foto oficial de Trump poniendo cara de villano malote, con su mujer eslava de luto ocultando la mirada y su milmillonario superendeudado de cabecera en el podio de masas haciendo el saludo breivik-utoya, gesto adusto, mano derecha al pecho e inmediata brusca extensión del brazo con la palma hacia abajo —a la romana—, falso profeta apocalíptico del 'metal hurlant':

Las mayorías electorales tardopopularcapitalistas se creyeron la retórica que requería la Operación Desagüe 2016-2018 y que fondos capitalistas independientes invierten cual buitres. Y fantasean con que jamás se desvalorizarán los activos ficticios que son el grueso de su falsa riqueza. Quieren seguir participando en los 4+1 juegos de dinero sin trabajar popularcapitalistas: inmuebles, Bolsa, Deuda y dólar, y criptos. Y saben que, sin el 'asset flipping' —el pase de activos ficticios—, se enfrentarían a la dieta hipocalórica de las aburridísimas rentas salariales que la economía productiva —la del Capital & Trabajo en estabilidad fiscal y monetaria— es capaz de ofrecer.

El Capital tiene dos formas de acabar con los juegos de dinero sin trabajar popularcapitalistas que lo corroen: por consenso o a hostias. Por consenso se hace mediante pactos y planes. Como las mayorías naturales no quieren dejar de creerse capitalistitas, no votarán a los políticos que plantean seriamente pactos de Estado o planes de choque restauradores de la ortopraxia capitalista.

Cuando un gancho del timo, a la sazón político de un partido especialmente bronquista, dice que «el problema es complejo y solo se resuelve con el consenso en pactos y planes», no solo está haciendo un ejercicio de cinismo. Está avisando a los primos de que «lo que os desplumará es el consenso en pactos y planes». Pero también está diciendo a su némesis: «No hay cojones para dar hostias».

Sin embargo, ¡ay!, 'luchan corazón y cuerpo dentro del Emmanuelle': resulta que las mayorías naturales también quieren Educación, Sanidad, Pensiones y Vivienda. Y ahí es donde entramos los críticos revelando la ambigüedad de la retórica del timo y desenmascarando a los zapadores dentro de nuestras propias filas —facilísimo: siempre empiezan con una deposición ofertademandista, en vez de con la Renta—.

La ambigüedad, en principio, no tiene por qué ir acompañada de incertidumbre. Pero el popularcapitalismo ha muerto, su transición está madurísima y el ambiente es denso, de novela negra. Esto sigue siendo Matrix, pero ahora el exterior es Gotham. Matrix en Gotham. Los bronquistas conservadores contestatarios (con-con) son capaces de hacer cualquier frikada; desde ponerse una kipá para adivinar el futuro con perros muertos, hasta montárselo de negrero facturero; desde decir que el ser humano tiene la oportunidad de liberarse de su condición monoplanetaria, hasta dar fiestas millonarias amenizadas de 'macho man' e idos 'bare knuckle' que se creen 'Übermensch': https://www.youtube.com/shorts/rhWSqvU7a5g

La toma de posesión del último con-con ha sido una fiesta extravagante colorista pero gafada:

Oreshnik & Starship

Quien cacarea que «la culpa la tienen los políticos» está encantadísimo de la vida con los activos ficticios con que encubre su hidalguía de caldo claro, sabedor de que los políticos son unos profesionales que cada cuatro años han de pasar un examen eliminatorio —en España toca dentro de dos años y medio—.

Los políticos de las democracias formales burguesas, máxime en el anglo —el anglo son empresas privadas—, saben que su poder político es poco Poder en mayúscula. No importa lo que digan. Han de ganar las elecciones con retóricas mendaces, pero no hay mentira cuando los dos saben que no es verdad.

El equilibrio de los sistemas es dinámico. En todo sistema hay épocas de bronca y delirio individualista (avaricia y guerra) a las que suceden otras de armonía y prudencia social (miedo y paz). Esta dualidad tiene mucho que ver con lo que llamamos 'pendant' neoclásico-keynesiano —'pendant' mejor que síntesis—. Para el caso de las economías de planificación central usamos la contraposición continuismo-reformismo.

Hoy, en las economías de sistema capitalista se lleva el político bronco porque la mayoría natural electoral sigue estando apegada a la pisitofilia y a la creditofagia —los enteraos, además, son memeadictos, cripto-'bro' y 'ávida dollars'—, pero desde mediados de los 2000 es oficial que tanto la pisitofilia, como la creditofagia son antisistema. Ha pasado mucho tiempo. El sistema se ha puesto el escudo. Y vivimos una distopía en la que los perdedores insisten a cara de perro.

Siempre que se lleva el político bronco, impotente para pactos y planes, es porque, si el Estado funcionara bien, no sería fácil robar. Y los jugadores popularcapitalistas necesitan que siga siendo fácil robar. Hoy se roba obligando a la gente a comprar activos ficticios. El más importante, la vivienda. Robando con la vivienda se abusa de una necesidad básica. Y, en el tardopopularcapitalismo, en ausencia de hostias, solo es posible mantener la sobrevaloración de la vivienda si no hay pactos de Estado ni planes de choque.

El Capital se va a poner a dar hostias.

[Derby]

https://www.bbc.com/news/articles/ce852xjknz9o

China calls for 'win-win' solution to trade tensions



A top Chinese official has warned against protectionism, speaking out as Donald Trump's return to the White House renews the threat of a trade war.

Addressing the World Economic Forum in Davos, Switzerland, Ding Xuexiang, Vice Premier of China, said his country was looking for a "win-win" solution to trade tensions and wanted to expand its imports.

He did not mention the US by name.

During his election campaign, Trump threatened to hit Chinese-made products with border taxes known as tariffs of up to 60%, but he held off on any immediate tariff action on his first day, instead ordering his administration to study the issue.

US goods imports from China have flattened since 2018, a statistic that economists have attributed in part to a series of escalating tariffs that Trump imposed during his first term.

That stand-off ended in 2020 when the two countries signed a deal.

At the time, Trump walked back some of his tariffs in exchange for commitments by China to purchase American agricultural and other products.

But US officials say China has not upheld its side of the agreement.

Speaking to Congress last week, Scott Bessent, whose confirmation as Treasury Secretary cleared a key hurdle on Tuesday, said he expected to push to enforce those agreements and raised the possibility of demanding "catch up" purchases as well.

Trump has also lashed out at the imbalance in US trade with China, which sells overseas far more than it imports.

In his speech at Davos, Ding said his country had eased restrictions on foreign investment, wanted to boost domestic consumption and was not seeking a "trade surplus".

"We want to import more competitive, quality products and services to promote balanced trade," he said.

He acknowledged that economic globalisation could bring "some tensions and disagreements on distribution" but said it was not a "zero-sum game, but a universally beneficial process where all can benefit".

"Protectionism leads nowhere," he said. "Trade war has no winners."

He added: "I believe that we have the wisdom and capability needed to find a win-win and all-win solution.

"We should not only make the pie of economic globalisation bigger, but also distribute it better."

The IMF warned last week that a threatened wave of Trump tariffs would make trade tensions worse, lower investment, and disrupt supply chains across the world.

[Frommer]

(...)

El Capital se va a poner a dar hostias.

Que ganas, la verdad... A ver quien se lleva la primera, que será muy significativo.

[Cadavre Exquis]

US To Exit WHO
Posted by msmash on Tuesday January 21, 2025 @01:10PM from the end-of-an-era dept.

The United States will withdraw from the World Health Organization, according to an executive order signed by President Donald Trump, who cited WHO's mishandling of the COVID-19 pandemic and demands for "unfairly onerous payments" from Washington.

The order -- which takes a year to go into effect -- halts U.S. funding to WHO and recalls American personnel working with the organization. It also revokes a January 2021 letter that had kept the U.S. in WHO after an earlier withdrawal attempt. The White House ordered officials to find new partners to take over WHO-led activities and directed a review of the 2024 U.S. Global Health Security Strategy.

Saludos.

[Derby]

https://www.ft.com/content/48eb53a1-67ca-4509-8c62-401f0cf8b099

Donald Trump to unveil $100bn AI infrastructure investment

Tech titans OpenAI, SoftBank and Oracle to back Stargate joint venture

Donald Trump is set to unveil billions of dollars of private investment in a massive new artificial intelligence infrastructure venture backed by OpenAI, SoftBank and Oracle.

Dubbed Stargate, the joint venture was poised to receive an initial cash injection of $100bn from the tech giants, rising to as much as $500bn over the next four years, according to two people familiar with the matter.

Microsoft was also involved in the project as a technology partner, one of the people said on Tuesday.

Stargate will be announced by the president at the White House on Tuesday afternoon, with SoftBank chief Masayoshi Son, OpenAI boss Sam Altman and Oracle co-founder Larry Ellison in attendance.

The plans, which were first reported by CBS News, come as tech executives look to court Trump, who began a second term in the White House on Monday surrounded by many of the industry’s biggest names. 

Stargate aims to boost capacity to train and run new AI models. It will initially build a data centre project in Texas before expanding into other states, the people briefed on the plans said.

OpenAI declined to comment, while Microsoft, Oracle and SoftBank did not respond to requests for comment. Other investors and technology partners were also expected to join the project.

The rapid development of AI systems over the past two years has stretched American infrastructure, with data centres emerging as a particular bottleneck. Cutting-edge models such as OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude chatbots require enormous amounts of data and computing power to train and run. 

That has spurred discussions between AI executives, their commercial partners and the government about upgrading national infrastructure.

Earlier this month, Hussain Sajwani, chair of Dubai-based property developer Damac, announced plans to invest at least $20bn in US data centres, at a meeting with Trump at his Mar-a-Lago resort in Florida.

Leading figures in the AI sector, including OpenAI’s Altman, have argued that better infrastructure is essential for developing the next stage of AI models and competing with China for dominance of the technology. 

Altman said earlier this month the Trump administration could boost domestic AI companies with “US-built infrastructure and lots of it”.

“The thing I really deeply agree with the president on is, it is wild how difficult it has become to build things in the United States. Power plants, data centres, any of that kind of stuff,” he said in an interview with Bloomberg. 

In his inaugural address on Monday, Trump promised the US was on the brink of a “thrilling new era of national success”, though he did not make any specific mention of AI technology.

Last month, Trump called a separate SoftBank promise to invest $100bn in the US “a monumental demonstration of confidence in America’s future”. It was not clear whether the Stargate investment would form part of SoftBank’s earlier pledge.

[Cadavre Exquis]

Scale AI CEO To Trump: 'America Must Win the AI War'
Posted by msmash on Tuesday January 21, 2025 @12:26PM from the tussle-continues dept.

Scale AI CEO Alexandr Wang is taking out a full-page ad in The Washington Post on Tuesday with a succinct message for the new US commander-in-chief: "Dear President Trump, America must win the AI war." From a report:

The ad also pointed readers to a five-point plan that would reorient the federal government to invest more in the technology and overhaul priorities for that funding. In an exclusive interview with Semafor, Wang said he was motivated to make his recommendations by a new White House that is both planning to aggressively support new technology and courting input from the industry.

"They're listening," he said. "This incoming administration wants to move fast and take a lot of action and really be quite ambitious about a lot of these issues." [...] "What's undeniable, if you think about what the future is going to look like, is the degree to which the amount of computational capability you have will be directly related to how strong your AI capabilities are," Wang said before he arrived at the World Economic Forum in Davos. Wang also recommends the US government should make a larger effort to cut the red tape on new energy production, inviting pent-up demand for private sector investment in the area.

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2025-01-21/el-65-de-los-caseros-se-beneficiarian-de-la-exencion-en-el-irpf-por-abaratar-el-alquiler.html

https://elpais.com/economia/2025-01-20/la-compraventa-de-viviendas-repunta-un-15-en-noviembre-y-encadena-cinco-meses-de-alzas-interanuales.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/opinion/2025-01-21/las-claves-el-planeta-se-dispone-a-seguir-el-imparable-ritmo-de-donald-trump.html

https://cincodias.elpais.com/companias/2025-01-20/thomas-buberl-ceo-de-axa-el-riesgo-de-una-ruptura-social-me-parece-aun-mas-grave-que-la-amenaza-climatica.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/mercados-financieros/2025-01-20/el-dolar-corrige-mas-de-un-1-ante-la-expectativa-de-que-trump-sea-menos-agresivo-en-su-politica-comercial.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/mercados-financieros/2025-01-20/el-bitcoin-pulveriza-sus-maximos-historicos-para-recibir-a-trump.html

https://cincodias.elpais.com/criptoactivos/2025-01-21/las-memecoins-de-donald-y-melania-trump-dan-alas-a-la-especulacion-en-su-regreso-a-la-casa-blanca.html

Saludos.