PPCC: Pisitófilos Creditófagos. Veranito 2025

[muyuu]

[CHOSEN]

Entre pisitos o pensiones, hace mucho tiempo que escogieron lo primero.
La generación mas nefasta de la historia, la que forjó su odio al dinero y su amor por el ladrillo a golpe de devaluación e inflaciones bidigitales.
Son fruto de la historia que les tocó vivir.
Lo que no tiene lógica, es que los demás actuemos como si esto fuera normal.

[Benzino Napaloni]

Entre pisitos o pensiones, hace mucho tiempo que escogieron lo primero.
La generación mas nefasta de la historia, la que forjó su odio al dinero y su amor por el ladrillo a golpe de devaluación e inflaciones bidigitales.
Son fruto de la historia que les tocó vivir.
Lo que no tiene lógica, es que los demás actuemos como si esto fuera normal.

Viva el turismo, pero en otro sitio
https://www.diariodemallorca.es/opinion/2025/08/15/viva-turismo-sitio-120659424.html

No puedo copiar ahora la editorial, el último párrafo va justamente por lo de tolerar lo intolerable.

A estas alturas ya es a cuchillo, no valen las medias tintas. Tal vez por eso muchos han elegido la resistencia pasiva, que caiga todo por su propio peso, y ATPC.

[senslev]

https://x.com/onechancefreedm/status/1957527133791605087

When Sam Altman the CEO at the center of the AI boom openly compares today’s euphoria to the dot com bubble, it tells you something critical: the risks at the top of this market are enormous, even if the technology itself is transformative.

Every historic bubble has a “kernel of truth” that justifies extreme valuations no different than railroads in the 1870s, radio in the 1920s, the internet in the 1990s. The innovation was real but the capital misallocated, the expectations compressed into too short a time horizon, and the valuations divorced from sustainable earnings. The Nasdaq’s 80% collapse after 2000 wasn’t because the internet was fake; it was because investors assumed adoption curves would happen in quarters instead of decades.

We’re seeing the same dynamic now with AI. A handful of mega cap names have pulled the entire S&P upward, driving price to book ratios beyond dot com extremes. Market breadth is historically thin, meaning risk is concentrated in a few stocks that everyone assumes are invincible. When the insiders themselves start warning that investors are overexcited, it’s a signal that even they recognize how fragile this structure has become.

The danger isn’t that AI goes away. The danger is that markets have front loaded a decade of growth into today’s prices. If the adoption cycle is slower, if margins compress, or if liquidity tightens, the unwind could be just as brutal as past bubbles and because the concentration at the top is greater than in 2000, the systemic shock could run deeper.

This isn’t about doubting the technology. It’s about respecting market history: bubbles always break not when the dream dies, but when reality can’t keep up with the speed and size of the bets made on it.

https://www.cnbc.com/2025/08/18/openai-sam-altman-warns-ai-market-is-in-a-bubble.html

[Derby]

https://www.ft.com/content/8dad9c67-59da-4f38-b43a-3d6ba5f1df57

Ukraine offers $100bn weapons deal to Trump to win security guarantees


Document seen by the FT lays out Kyiv’s proposals to US president at crucial White House meeting


Donald Trump and Volodymyr Zelenskyy shake hands in the White House on Monday. © Anna Moneymaker/Getty Images

Ukraine will promise to buy $100bn of American weapons financed by Europe as part of a deal to obtain US guarantees for its security after a peace settlement with Russia, according to a document seen by the Financial Times.

Under the proposals, Kyiv and Washington would also strike a $50bn deal to produce drones with Ukrainian companies that have pioneered the technology since Russia’s full-scale invasion in 2022.

Kyiv shared the proposals for new security deals with the US, which have not been previously reported, in a list of talking points with European allies ahead of a meeting with US President Donald Trump in the White House on Monday, according to four people familiar with the matter.

The document does not state which weapons Ukraine is asking to procure as part of a deal but Kyiv has been clear about its desire to buy at least 10 US-made Patriot air defence systems to protect its cities and critical infrastructure, along with other missiles and equipment. The document does not specify how much of the drone deal would be procurement or investment.

Ukraine’s pitch is intended to appeal to Trump’s desire to benefit American industry. Asked on Monday at the White House about further US military aid for Ukraine, Trump said: “We’re not giving anything. We’re selling weapons.”

The document details how Ukraine intends to make a counter-pitch to the US after Trump appeared to align himself with Russia’s position for ending the war following his meeting with President Vladimir Putin in Alaska last week.

It reiterates Ukraine’s call for a ceasefire which Trump had espoused but then dropped after his Putin meeting in favour of the pursuit of a comprehensive peace settlement.

German Chancellor Friedrich Merz told Trump on Monday during a public portion of the meeting with Ukrainian President Volodymyr Zelenskyy and other European leaders in Washington that the group would like the US president’s help to secure a ceasefire before any next steps.

“I can’t imagine that the next meeting would take place without a ceasefire,” he said. “So let’s work on that and let’s try to put pressure on Russia because the credibility of these efforts we are undertaking today depends on at least a ceasefire.”

The document says a “lasting peace shall be based not on concessions and free gifts to Putin, but on [a] strong security framework that will prevent future aggression”.

It adds that recent footage in Russian media shows that the Kremlin is not serious about a potential peace deal and holds a low opinion of Trump’s leadership, citing disparaging comments about the US president made by prominent television host Vladimir Solovyov.

In one, he mocks Trump for “threatening” Russia, saying Moscow could “destroy [the US] with nuclear weapons”.

Ukraine will not accept any deal including territorial concessions to Russia and insists on a ceasefire as the first step towards a full peace agreement, according to the document.

According to the document, Kyiv also rejects the proposal Putin made to Trump in Alaska to freeze the rest of the frontline if Ukraine withdraws troops from the partly occupied eastern regions of Donetsk and Luhansk. Doing so would create “a foothold for a further and rapid advance of Russian forces towards the city of Dnipro” and enable Putin to “achieve the goals of aggression by other means”, it says.

Ukraine believes Russia’s attempt to settle territorial issues before further talks on a lasting peace agreement would create a fait accompli on the ground while doing nothing to ensure Kyiv’s future security, according to the document.

Kyiv also insists it be given full compensation from Russia for wartime damages, potentially paid for by the $300bn in Russian sovereign assets frozen in western countries. Any sanctions relief should only be granted if Russia complies with the future peace agreement and “plays [a] fair game”, the document adds.