Re:PPCC: Pisitófilos Creditófagos. Otoño 2025

[el malo]

...en China. Deflación en China. De eso hablaba el artículo. No tiene por qué ser correcto, pero eso decía el artículo.




Traer aquí las impresiones de uno... pues eso, las impresiones de uno. (Pues yo veo las terrazas llenas.,) Por cierto, no estaban "liquidando" los fondos...

El artículo que se ha traído recientemente sí, pero se ha mencionado la deflación unas cuantas veces (tendría que ponerme a buscar los posts concretos). Igual a nivel macro sí se ve deflación en algunos indicadores, pero a nivel currito de calle lo que hay es un aumento de precios de flipar. No se si llamarlo inflación, "nueva normalidad", falta de valor del dinero fiat  o suputamadrequecaroestátodo

Tampoco es nuevo: 

[berberecho]

A ver, los clásicos:

El aceite de oliva, no.
La gasolina, no.

¿Qué más?

[grillo35]

Seguimos blanqueando el sector, y de refilón metemos otra medida de cara a la galería que se queda muy corta (intencionadamente, imagino) una vez más…

- ¿Cuánto representa realmente ese porcentaje de compras de no residentes en las capitales de provincia (p.e. en Barcelona, actualmente, más del 50%)?

- ¿Y qué porcentaje real suponen los inversores de fuera de la UE frente a los europeos? De hecho, me comentaba hace poco una persona que trabaja en banca que la mayoría de clientes que pedían financiación para comprar inmuebles eran estadounidenses y, sobre todo, franceses....

La dudosa culpa en la crisis de la vivienda de los extranjeros no residentes perseguidos por el Gobierno: capturan menos de un punto del mercado
https://www.larazon.es/economia/dudosa-culpa-crisis-vivienda-extranjeros-residentes-perseguidos-gobierno-capturan-menos-punto-mercado_20251029690084224e775547a904f0ab.html

[AbiertoPorDemolicion]

...en China. Deflación en China. De eso hablaba el artículo. No tiene por qué ser correcto, pero eso decía el artículo.




Traer aquí las impresiones de uno... pues eso, las impresiones de uno. (Pues yo veo las terrazas llenas.,) Por cierto, no estaban "liquidando" los fondos...

El artículo que se ha traído recientemente sí, pero se ha mencionado la deflación unas cuantas veces (tendría que ponerme a buscar los posts concretos). Igual a nivel macro sí se ve deflación en algunos indicadores, pero a nivel currito de calle lo que hay es un de aumento de precios de flipar. No se si llamarlo inflación, "nueva normalidad", falta de valor del dinero fiat  o suputamadrequecaroestátodo

Tampoco es nuevo: 

Será porque el resto de "agentes económicos" por fin se han enterado de como funciona el capitalismopopular, y ellos también han aprendido a formar cárteles, pactar precios, a controlar la-ley-de-la-oferta-y-la-demanda, a sacar las guillotinas a las calles cuando los caciques se despisten y se olviden de lo importante; y sobretodo a crear escasez "de lo suyo", porque como bien nos dicen todos los dias los medios de comunicación, "la escasez es riqueza", si te sabes posicionar en el lugar correcto.

Lo de crear crisis financieras para "saquear" a El Estado y a todo el que no sean de "los suyos", eso de momento solo es para los popularcapitalistitas pisitófilos-creditófagos, pero todo se andará. Tiempo al tiempo.

Para empezar el camino, hago un llamamiento a todos los "agentes económicos" que suban "sus" precios todo lo que puedan y más allá. El capitalismopopular da un montón de herramientas para ello. Solo hay que organizarse entorno a alguna mafia politico-mediatica y ponerse el mundo por montera. Si llegamos al día en que cuando salga en las noticias que el precio de X ha subido un %Y, y los medios y sus acólitos aplauden con las orejas, ese será vuestro triunfo.

Si El Propietariado pisitófilo puede, los demás también.

(Aquí, o f*ll*mos TODOS, o tiramos la cabra al rio)

[el malo]

...en China. Deflación en China. De eso hablaba el artículo. No tiene por qué ser correcto, pero eso decía el artículo.




Traer aquí las impresiones de uno... pues eso, las impresiones de uno. (Pues yo veo las terrazas llenas.,) Por cierto, no estaban "liquidando" los fondos...

El artículo que se ha traído recientemente sí, pero se ha mencionado la deflación unas cuantas veces (tendría que ponerme a buscar los posts concretos). Igual a nivel macro sí se ve deflación en algunos indicadores, pero a nivel currito de calle lo que hay es un de aumento de precios de flipar. No se si llamarlo inflación, "nueva normalidad", falta de valor del dinero fiat  o suputamadrequecaroestátodo

Tampoco es nuevo: 

Será porque el resto de "agentes económicos" por fin se han enterado de como funciona el capitalismopopular, y ellos también han aprendido a formar cárteles, pactar precios, a controlar la-ley-de-la-oferta-y-la-demanda, a sacar las guillotinas a las calles cuando los caciques se despisten y se olviden de lo importante; y sobretodo a crear escasez "de lo suyo", porque como bien nos dicen todos los dias los medios de comunicación, "la escasez es riqueza", si te sabes posicionar en el lugar correcto.

Lo de crear crisis financieras para "saquear" a El Estado y a todo el que no sean de "los suyos", eso de momento solo es para los popularcapitalistitas pisitófilos-creditófagos, pero todo se andará. Tiempo al tiempo.

Para empezar el camino, hago un llamamiento a todos los "agentes económicos" que suban "sus" precios todo lo que puedan y más allá. El capitalismopopular da un montón de herramientas para ello. Solo hay que organizarse entorno a alguna mafia politico-mediatica y ponerse el mundo por montera. Si llegamos al día en que cuando salga en las noticias que el precio de X ha subido un %Y, y los medios y sus acólitos aplauden con las orejas, ese será vuestro triunfo.

Si El Propietariado pisitófilo puede, los demás también.

(Aquí, o f*ll*mos, o tiramos la cabra al rio)

Todo eso está muy bien hasta que tenemos unas manos fuertes que compran todo el principio activo para hacer una medicina que nos hace falta, o cuando alguien acapara todas las tierras raras que son necesarias para crear componentes para reparar las máquinas de los hospitales.

Aquí todo el pepito está de acuerdo en el librísimo mercado (lo otro es cosa de rojos comunistas) hasta que les toca a ellos, por eso el 99% de la gente que conozco con vivienda en propiedad está en contra de cualquier tipo de intervención.

La cabra tenía que haber sido descuartizada en público por un sádico que blandiera el cuchillo salpicándo al público de sangre mientras grita con cara de loco que los próximos son ellos.

[Overlord]

 Según lo veo yo hay que diferenciar dos cosas :
Coste monetario (o nominal): El precio en unidades monetarias (euros, dólares). Este puede subir debido a la inflación, aranceles, embargos, impuestos, acaparamiento,etc y que al final en muchos sectores depende de quién tiene capacidad de fijación de precios.
· Coste real: El verdadero coste de oportunidad, medido en lo que realmente se sacrifica para obtener algo: horas de trabajo, recursos materiales y energía

El coste real (en tiempo y esfuerzo humano) de producir y adquirir la abrumadora mayoría de los bienes y servicios ha descendido de forma radical a lo largo del tiempo gracias al aumento de la productividad impulsado por la tecnología y la innovación.

Y lo que más distorsiona la situación es el  artefacto estrella que más se trata en este blog, El Ladrillo. Como dice el maestro, es un parásito que se come todo el aumento de la productividad y su coste está anidado en todos los precios.

[Derby]

https://www.baha.com/Lagarde-ECB-advancing-digital-euro-project/news/details/65087310

Lagarde: ECB advancing digital euro project

November 2023, ECB President Christine Lagarde said on Thursday. The bank noted this new stage will ensure technical readiness for a first issuance, potentially as early as 2029, with a pilot exercise possible in 2027 if legislation is adopted in 2026.

Lagarde emphasized that the digital euro will modernize cash, preserve privacy, and protect Europe's monetary sovereignty. The project aims to make payments "competitive, resilient and inclusive," focusing on technical readiness, market engagement, and legislative support.

https://www.baha.com/Lagarde-Manufacturing-held-back-by-tariffs-stronger-euro/news/details/65087248

Lagarde: Manufacturing held back by tariffs, stronger euro

European Central Bank (ECB) President Christine Lagarde stated during a press conference on Thursday that manufacturing "was held back by higher tariffs, still heightened uncertainty, and a stronger euro."

'The divergence between domestic and external demand is likely to persist in the near term," she added, after outlining the central bank's reasons for maintaining the interest rates at their present level for the third consecutive time.

Unemployment, she stressed, remained "close to its historical low" in September, "even though demand for labor has cooled."

[Derby]

https://www.bloomberg.com/news/articles/2025-10-30/goldman-ceo-says-us-heading-for-debt-reckoning-if-growth-flags

Goldman CEO Says US Heading for Debt ‘Reckoning’ If Growth Flags


David Solomon, chief executive of Goldman Sachs, speaks during an Economic Club of Washington event on Oct. 30. Photographer: Al Drago/Bloomberg

The mounting level of US debt risks a “reckoning” for the economy if the pace of growth doesn’t improve, according to the chief executive of Goldman Sachs Group Inc.

“If we continue on the current course and we don’t take the growth level up, there will be a reckoning,” David Solomon said at a Thursday interview with David Rubenstein hosted by The Economic Club of Washington. “The path out is a growth path.” The Wall Street chief said he saw a “low” chance of a recession in the near-term.

Solomon was echoing widespread concerns that the US and other western economies are becoming addicted to debt-fueled stimulus. That’s grown particularly since measures during the Covid-19 pandemic helped drive up consumer spending.

“Fiscal stimulus and an aggressive fiscal play is really just embedded in the way these democratic economies are operating,” he said, citing worries from the financial community with regard to the US and other advanced nations. “And it’s accelerated meaningfully in the last five years.”

The Goldman leader spoke in Riyadh earlier this week, where he dismissed concerns about a potential “systemic” crisis in US credit after a small number of high-profile bankruptcies. He recently arrived in Washington as his company hosts a gathering of small US businesses in the US capital city.

His bank posted record third-quarter revenue earlier in October, bolstered by a rise in fees from mergers and acquisitions. On the same day, it told its 48,300 employees that it would cut more jobs this year as artificial intelligence improves efficiency at the bank.

[Derby]

https://x.com/MarketNews_Feed/status/1983747460909482151

[Derby]

https://www.bloomberg.com/opinion/articles/2025-10-30/us-china-trade-deal-is-not-truly-great

The US-China Trade Truce Is Not ‘Truly Great’


Who has the upper hand? Photographer: Andrew Harnik/Getty Images AsiaPac

“Truly great” is how US President Donald Trump described his much-anticipated confab with Chinese leader Xi Jinping to discuss trade between the world’s two largest economic superpowers. “I guess, on the scale from zero to 10, with 10 being the best, I would say the meeting was at a 12,” Trump told reporters aboard Air Force One on his way back from South Korea.

As far as not adding to the disruptions in global trade caused by Trump’s chaotic tariff policies, Trump’s assessment is probably correct. But on substance, it’s more like a five — at best — for the US. Rather than coming away with a framework for resolving the fundamental differences between the two countries, the few details we have of the one-year truce struck on Thursday suggest a temporary stabilization of relations where China maintains significant leverage over the US in one critical area.

As my Bloomberg Opinion colleague Karishma Vaswani correctly predicted, Trump took his threat of 100% tariffs on Chinese goods off the table while Beijing agreed to delay export controls on so-called rare earths critical minerals for a year and revive purchases of US soybeans.

The soybean purchases are a bit of a sideshow. Treasury Secretary Scott Bessent said China has agreed to buy a minimum of 25 million tons annually for the next three years. China had all but stopped buying US soybeans, turning instead to places such as Brazil and damaging American farmers that relied on the $12 billion the Asian nation pumped into their businesses last year alone.

Alas, this is no major concession from China or win for the Trump administration, as it basically restores what the nation had been buying from US farmers. In the longer term, purchases of 25 million tons a year would be “basically getting back to normal,” Brian Grete, a senior grain and livestock analyst at Commstock, told Bloomberg News.

The main event was rare earths, which are among the most critical raw materials on the planet, deeply embedded in the technologies that underpin modern life. These minerals are used in everything from semiconductors and iPhones to MRI machines and cancer treatments. China has a near monopoly on rare earths, which the country has used as a bargaining chip in global trade and in responding to Trump’s tariffs. So important are these minerals that Trump earlier this year floated the idea of taking over Greenland to gain access to its potential supply of rare earths (which haven’t been proven).

China knows this, which is why it threw Trump a bone by agreeing to pause plans for a big expansion of its rare-earths export controls for one year. The rub is that this allows China to retain its leverage over the US, something Trump even seemed to acknowledge. “It’s a one-year deal that will, I think, be very routinely extended,” the US president said.

“China must feel more satisfied than the US about where it is compared to the beginning of 2025,” in part because Beijing stood up to Trump’s “Liberation Day” tariffs and identified a “potent leverage tool through rare earths export controls,” Eurasia Group’s Practice Head for China David Meale, said in a note from the firm.

The race to find and source rare earths is a global one, and China’s hold on these critical minerals won’t last forever. The Group of Seven nations are set to announce a critical minerals production alliance that would include supply agreements in a bid to counter China’s dominance in the sector, according to Bloomberg News. The announcement aims to address what the G-7 sees as China’s manipulation of the market — at times flooding it with excess supply to make western countries’ projects uneconomical, and at other times imposing export controls.

In that sense, Xi is taking a big risk, just not as big a risk as Trump. Expecting China to “routinely” extend the pause is a huge gamble, and likely one that requires the US to not do anything that upsets Beijing too much. The pause seems more like a sword of Damocles hanging over the US economy. That doesn’t sound “truly great” to me. It sounds more like Trump has a weak hand when it comes to getting his way with China.

[Derby]

https://www.ft.com/content/120d2321-8382-4d74-ab48-f9ecb483c2a9

Meta readies $25bn bond sale as soaring AI costs trigger stock sell-off

Social media group sheds $200bn in market value as Mark Zuckerberg’s investment plans spook investors


Meta says capital expenditure could hit $72bn by the end of the year and spending growth will be ‘notably larger’ in 2026 © T. Narayan/Bloomberg

Meta is planning to raise $25bn from a bond sale to help it pay for soaring artificial intelligence costs, even as the Big Tech group’s shares suffered one of their worst days ever over concerns that its spending is too high.

The social media group had hired Citigroup and Morgan Stanley to raise up to $25bn in debt, ranging from five to 40 years in maturity, in what would be one of the biggest bond sales of the year, according to two people close to the matter.

It comes a day after chief executive Mark Zuckerberg warned that the US tech group would spend even more aggressively as part of an arms race to build the data centres and infrastructure powering the AI boom.

Meta’s shares were down more than 10 per cent on Thursday afternoon as investors fretted over the huge outlay, wiping out almost $200bn from its valuation — its second biggest one-day loss.



The bond sale underscores how technology giants are increasingly turning to the debt markets as they spend record sums to build AI infrastructure.

Meta raised $27bn of private debt from credit providers, including Pimco and Apollo, in recent months to fund construction of its huge “Hyperion” data centre in Louisiana. Oracle sold $18bn of bonds in September.

Large tech companies are projected to invest $400bn on AI infrastructure this year, including buying computer chips and building data centres. On Wednesday, Meta, Microsoft and Google’s parent Alphabet all disclosed larger than expected spending plans in the current quarter.

The social media company said capex could hit $72bn by the end of the year and that spending growth would be “notably larger” in 2026, implying a number far in excess of an earlier forecast for $105bn.

Zuckerberg defended huge spending on infrastructure for Meta’s own use. He told analysts on Wednesday that it was “the right strategy to aggressively frontload building capacity” as part of the tech group’s bid to be the first to build artificial superintelligence. 

“They’re tripling down on what they believe in,” said Youssef Squali, head of internet and media equity research at Truist Securities. “You don’t have as much as $110bn capex expectations plus all those off balance sheet financings if you don’t believe that in the addressable market over time you’re going to be number one, two or three.”

He added that he was bullish on Meta despite the heavy spending given recent increases in user growth and engagement, alongside continued momentum in the advertising business.

At a recent dinner with US President Donald Trump, Zuckerberg said Meta planned to spend $600bn on US data centres and AI infrastructure through to the end of 2028.

Meta, Citigroup and Morgan Stanley declined to comment. The bond sale was first reported by Bloomberg.

[Saturio]

La bolsa americana no parece haberse tomado bien la reunión...
Excepto Google que ha presentado resultados y eran buenos.

[Cadavre Exquis]

https://x.com/KobeissiLetter/status/1983626454878580970

https://x.com/KobeissiLetter/status/1983627275192189298

https://x.com/KobeissiLetter/status/1983627549927469130

Saludos.

[Cadavre Exquis]

https://x.com/KobeissiLetter/status/1983685149637136488

Saludos.

[Rota Fortunae]

https://cincodias.elpais.com/opinion/2025-10-29/las-claves-la-politica-energetica-debe-adaptarse-a-las-circunstancias.html

https://elpais.com/economia/2025-10-29/las-electricas-admiten-al-gobierno-las-limitaciones-de-las-nucleares-para-evitar-otro-apagon.html

https://cincodias.elpais.com/companias/2025-10-28/iberdrola-gana-6128-millones-de-euros-un-3-menos.html

https://elpais.com/economia/2025-10-28/estados-unidos-firma-un-acuerdo-de-80000-millones-para-construir-reactores-nucleares-que-alimenten-la-ia.html

Saludos.

Lo siguiente en admitir es que tampoco pueden regular frecuencia (No, no, en REE no saben lo que pueden hacer y lo que no)