PPCC: Pisitófilos Creditófagos. Invierno 2025

[muyuu]

Milei sobre Maduro: “La línea por la cual EEUU hace esta acción es porque es un narcoterrorista que tiene conexiones profundas con el Partido Socialista español y con Podemos”

https://x.com/Bipartidismo_/status/2007468987064459692

[CHOSEN]

Solo es para recordar que la UE aún no ha condenado el secuestro.
 

Edito: para añadir, que esto muestra el tremendo shock de realidad que se ha llevado la ginecocracia de Bruselas 

[CHOSEN]

Hispania siempre ha sido parte de Europa, y Venezuela fue parte de España durante siglos.
Con razones dije hace aproximadamente un mes que Europa tenía más en común con Venezuela, que con Ucrania (un país inventado en 1991).
A que estamos jugando.

La tercera guerra mundial será de EEUU contra todos.
A ver como llegamos al verano.

[pollo]

Todas las previsiones sobre IA y productividad de momento son poco más que paja. Gente que oye campanas y no sabe dónde.

Prácticamente la totalidad del sector técnico espera un estallido de burbuja en los próximos meses. Todos menos los economistas y los CEO, que siguen en su mundo piruleta.

Totalmente de acuerdo en el crecimiento en forma de K, pero la IA no tendrá nada que ver, sino que es la desigualdad de toda la vida, promovida por los subnormales de siempre que no pueden ver más allá de los próximos 5 minutos. Con un poco de suerte, se hunde todo en la mierda porque se están destinando cantidades ingentes de recursos en una huida hacia adelante de los "himbersores".

Y el crecimiento en forma de K se sotendrá hasta cierto punto, ya que el colapso es inevitable cuando a nivel global la cosa no se pueda autosostener. La desigualdad está muy bien cuando es para los otros, pero resulta que luego no quedará mercado en pie porque no habrá quien consuma.

Salgo un momento de la cueva.

Tras estar probando unos días Gemini de Google por cuestiones laborales, confirmo una sospecha. La IA a estas alturas ya es un potenciador del input.

Tengo que reconocer que la IA aporta más de lo que pensaba con las siguientes condiciones: el que la maneja ya sabe, sabe cómo guiarla, y le sirve para ahorrar tiempo con el "boilerplate". Es decir, lo mecanizable. Pero todo lo que suelta tiene que ser auditado, y validado.


Esto no invalida el catacrack que viene con la IA: se ha sobreestimado y se la ha entendido como lo que no es. El jefe tarugo quiere usarla para librarse de tantos empleados como pueda. Especialmente de los "peligrosos" que saben demasiado. La realidad: puede acabar sucediendo al revés. Y sin olvidar tampoco que la brutal inversión que se ha hecho, simplemente no va a tener retorno.

En cristiano, si el jefe capullo que sólo sabe hacer postureo y meterse farlopa cree que está a salvo y que por fin se va a poder deshacer de los "males necesarios", que tenga cuidado porque igual es él quien cae.

Total monthly number of StackOverflow questions over time (data.stackexchange.com)

https://data.stackexchange.com/stackoverflow/query/1926661#graph

Saludos.

¿Y a partir de ahora quién va a compartir conocimiento real y verificado?

Rita la cantaora. Esa va a ser.

En realidad, tengo la esperanza de que cuando pase toda la gilipollez y la economía se hunda hasta el abismo gracias a la sabiduría de los mongobros, vueva de nuevo la dinámica de volver a compartir preguntas y conocimiento en foros públicos. En realidad sigue ocurriendo, pero se ha desplazado a foros específicos como este mismo o Reddit.

[Fomento Cemento]

https://theobjective.com/economia/banca/2026-01-05/espanoles-disparan-creditos-consumo-covid/

Los españoles se endeudan como antes de la covid: el crédito al consumo crece un 12,5%
La cartera de estos préstamos avanza a doble dígito desde septiembre y alcanza los 114.673 millones

Los españoles están teniendo que recurrir a los créditos al consumo para realizar sus compras de bienes duraderos. Estos préstamos han acelerado el paso en los últimos meses y la cartera concedida por toda la banca sube a un ritmo no visto desde justo antes del estallido de la covid, en marzo de 2020.

Los últimos datos muestran que el crecimiento de estos créditos se ha disparado desde el verano. En septiembre y octubre aumentaron más un 11%, alcanzando el 12,5% en noviembre, según las cifras recabadas por THE OBJECTIVE en el Banco de España. Hasta el verano, estaban expandiendo entre un 7 y un 9% en tasa interanual.

El total de financiación al consumo de las familias supera los 114.673 millones de euros. La bajada de los tipos de interés, las estrecheces económicas de los ciudadanos por el coste de la vida y las facilidades de los bancos para otorgar estos productos están detrás de la nueva eclosión de estos préstamos.

Al igual que ocurre con las hipotecas, los movimientos del BCE de ajustar el precio oficial del dinero ayudan al empuje de los créditos para la adquisición de muebles, vehículos u otros bienes. A esto se añade que, desde la vuelta de las vacaciones estivales, los españoles están perdiendo capacidad de ahorro, impulsando más aún su necesidad de sellar este tipo de financiación.

Esta subida tan significativa coincide con las ofertas por el Black Friday, que los hogares aprovechan para realizar compras masivas por los descuentos de los comercios. Este año, además de haber recurrido más a los préstamos, los ciudadanos han sido más cautelosos que anteriormente, confirmando que los bolsillos están menos llenos. Este periódico ha venido informando que el saldo de depósitos de las familias se contrajo en septiembre y octubre de manera consecutiva, algo que no ocurría desde mediados de 2023, cuando los tipos estaban por las nubes y los españoles utilizaron parte del ahorro para amortizar hipotecas anticipadamente.

En la actualidad, los bancos están concediendo estos créditos a un interés del 6,85% tras el ajuste monetario, aunque en plazos superiores a cinco años la media se sitúa por debajo del 6%. En noviembre del año pasado el tipo aplicado por los bancos y por los bancos y los establecimientos financieros superaba el 7%, habiendo llegado a rozar el 8%. Estas tasas sobrepasan con creces las reclamadas en las hipotecas, de menos del 3%, pero entrañan mayores riesgos para las entidades a pesar del control reciente de la morosidad. Cuanto menor es el periodo de vencimiento, mayor es el tipo.

Algunas firmas ofrecen créditos al consumo con intereses muy superiores, sobre todo en los conocidos préstamos rápidos, que no forman parte de esta categoría. El Gobierno tiene previsto culminar este enero una normativa que pondrá topes al precio de una parte de la financiación. Según anunció hace unos días el ministro de Economía, Carlos Cuerpo, la legislación que se está ultimando tiene como prioridad aumentar la transparencia y proteger a los consumidores.

En una entrevista en la Cadena SER, el ministro explicó que, además de establecer límites en los intereses, se fijará un plazo mínimo de 24 horas para que los ciudadanos puedan aceptar la oferta de crédito con la debida información y reflexión. Cuerpo, que no ofreció detalles sobre la normativa, indicó que la medida elevará la protección «en tres dimensiones».

Desde el estallido de la pandemia, la cartera de préstamos al consumo se ha incrementado en unos 20.000 millones, pero su evolución ha sido dispar en todo este tiempo, aunque con crecimientos moderados desde la primavera de 2021, cuando se quitaron todas las restricciones de movilidad por el coronavirus. Hasta los últimos meses, eso sí, no se había registrado un avance de doble dígito.

Es previsible que las entidades muevan hacia arriba a partir de ahora los tipos de interés que cobran, debido al mantenimiento de las tasas oficiales y al repunte que está experimentando el euríbor. En hipotecas los bancos ya están aplicando ligeros encarecimientos y en los depósitos también están pagando más. Además, se espera que la senda alcista de estas operaciones continúe en el año que acaba de empezar.

[Derby]

https://www.theglobeandmail.com/business/article-minto-apartment-reit-going-private-in-23-billion-deal-as-immigration/

Minto Apartment REIT going private in $2.3-billion deal as immigration, condo supply hit real estate market

Minto Apartment REIT MI-UN-T, a sizable owner of rental properties across Canada, is going private in a deal valued at $2.3-billion, including debt, shielding the company from the quarterly scrutiny of public investors amid a multiyear real estate downturn.

Minto is being taken private for $18 per unit by Crestpoint Real Estate Investments LP, which will own 50.1 per cent of the company. Crestpoint is a division of Connor, Clark & Lunn Financial Group Ltd. Minto Group, controlled by the founding Greenberg family, will own 49.9 per cent.

The takeover price amounts to a 32-per-cent premium above Minto’s last closing price, but is still roughly 13 per cent lower than the REIT’s market price five years ago. The S&P/TSX Composite Index is up about 75 per cent over the same time period.

Minto Group has developed and owned real estate assets for decades, and the Greenbergs took their apartment division public in 2018. During its first few years on the Toronto Stock Exchange, Minto Apartment REIT’s unit price soared as multifamily assets benefitted from ultra-low interest rates and a supply crunch.

Yet the REIT, and many of its peers, have struggled since interest rates started rising in 2022. Lately, they are grappling with lower immigration levels and a flood of newly built condos that lowering rents in a number of major cities across Canada.

The deal follows the privatization of InterRent REIT, a rival rental apartment owner, in May, 2025.

https://www.theglobeandmail.com/business/article-allied-properties-reit-cuts-monthly-distributions/

Allied Properties REIT slashes distribution by 60 per cent as units trade near financial-crisis lows


A historic building in Toronto retrofitted by Allied Properties REIT, which expects its year-end occupancy to come in around 84 per cent.

Allied Properties Real Estate Investment Trust AP-UN-T slashed its monthly distribution by 60 per cent to focus on debt repayment, marking a major reversal for management after telling investors in August they were “very comfortable” with the monthly payout.

Allied, one of Canada’s largest publicly traded office-building owners, is cutting its distribution to 6 cents a unit monthly, down from 15 cents. Management said in a news release Monday that the decision was made “with a view to reducing indebtedness and associated interest expense going forward.”

The cut begins in December and will last throughout 2026 – but no guarantee was given that a higher payout will be restored in 2027.

Allied, best known for its low-rise office buildings in downtown cores, has been asked about its monthly distribution for months because the REIT continues to struggle with a heavy debt burden, and office leasing activity has remained muted relative to levels prior to the pandemic. Each year, its monthly payouts totalled around $250-million.

Despite the woes, Allied has long stressed that its payout, which hovers around 100 per cent of available cash, was sustainable. After reporting second-quarter earnings in August, management said they were “very comfortable” with the monthly payout.

Yet in late October Allied’s management suggested it was starting to change its mind, and comments made about weighing a distribution cut during the REIT’s third-quarter conference call sent its units tumbling 17 per cent in one day. The units kept falling from there, and in late November they crashed to around $12.60, the same price they traded for in the thick of the global financial crisis in late 2008 and early 2009.

Allied units rose 2.7 per cent in early Monday trading to $13.32 apiece.

The leasing environment appears to have prompted management’s change of heart. Allied had been telling investors it would achieve 90-per-cent occupancy across its portfolio by year-end, but recently pushed the target date back. Lower occupancy means the company will earn less from leases, which limits how much cash it has available to pay the distribution.

Under Allied’s new leasing outlook, the REIT expects its year-end occupancy to come in around 84 per cent. Missing the 90-per-cent target is a double whammy for investors because beyond Allied’s stated optimism, there had been hope that return-to-office mandates from large institutions, such as Canada’s banks, would drive more leasing activity.

Allied also said in October it will not hit its debt-level target of 10 times earnings before interest, taxes, depreciation and amortization by year-end. The company’s debt burden has weighed on its units for years, and in 2023 Allied tried to defuse the issue by selling data centres in downtown Toronto for $1.35-billion. The deal generated much-needed cash to pay down debt and fund its development portfolio, but continuing debt repayment has not come as quickly as hoped since.

After Allied’s management said it was considering lowering its distribution, a number of analysts expected a 50-per-cent cut. Allied ultimately went for something bigger, but in a note to clients, Bank of Nova Scotia analyst Mario Saric wrote that it is hard to know if this was “due to worse fundamentals or desire for greater margin of error, given unit price weakness.”

“We think Allied is near a bottom, but the lack of additional detail in press release is disappointing,” he added, noting that the announcement “is a missed opportunity to outline how the distribution savings will be reallocated, along with a broader organizational outlook as Allied enters this new era.”

Allied isn’t alone when it comes to cutting its distribution. In February, 2024, Dream Office REIT D-UN-T, which used to be the envy of many commercial landlords for its quality skyscrapers in major cities such as Toronto and Calgary, cut its own distribution in half because the return to office was much slower than originally envisioned.

[Derby]

https://www.bloomberg.com/news/articles/2026-01-05/crestpoint-to-take-minto-apartment-reit-private-for-1-7-billion

Crestpoint to Take Minto Apartment REIT Private for $1.7 Billion

Crestpoint Real Estate Investments Ltd. agreed to take Ottawa-based landlord Minto Apartment Real Estate Investment Trust private Monday in a deal that values the firm at C$2.3 billion ($1.7 billion), including debt.

Crestpoint, which is part of Vancouver-based Connor, Clark & Lunn Financial Group Ltd., will buy majority control of the apartment REIT at C$18 per unit, according to a statement
Monday. The remaining 42.7% of voting interest will be retained by the Minto Group, the developer that founded the REIT and has agreed to vote in favor of Crestpoint’s acquisition at a meeting scheduled for March, the statement said.

The deal comes as sagging rents and surging rental apartment construction across Canada has weighed on landlords and spurred deal-making in the space. GIC, Singapore’s sovereign wealth fund, teamed up in May with a different Canadian private equity firm to take Ottawa-based apartment landlord InterRent private in a C$4 billion deal.

The weakness in Canada’s rental market is due in part to a substantial slowdown in immigration, but many developers and owners of apartment buildings expect the market to pick up when intake increases.

Crestpoint’s bid for Minto Apartment REIT represents a 32% premium to the trust units’ last closing price on Jan. 2. Units of the REIT gained as much as 27% on Monday, reaching their highest level since September 2024.

[Cadavre Exquis]

https://x.com/agarzon/status/2008126547429921213

https://x.com/Jongonzlz/status/2008212236058120430

Saludos.

[Cadavre Exquis]

https://x.com/HousingSpanish/status/2003797529989890242

Saludos.

[Cadavre Exquis]

https://x.com/HousingSpanish/status/2006350220666470631

Saludos.

[Cadavre Exquis]

https://x.com/naroh/status/2007767831736446976

https://contratacionabierta.es/

Saludos.

[sudden and sharp]

Solo es para recordar que la UE aún no ha condenado el secuestro.
 

Edito: para añadir, que esto muestra el tremendo shock de realidad que se ha llevado la ginecocracia de Bruselas 

Lo de Venezuela podría ser bueno o malo dependiendo de lo que haga USA con el petróleo extraído.

Claro, que habría que definir bueno y malo. Puede que lo que yo vea bueno sea lo que tú veas malo. 

[Cadavre Exquis]

As US Communities Start Fighting Back, Many Datacenters are Blocked
Posted by EditorDavid on Monday January 05, 2026 @07:34AM from the you-can-fight-city-hall dept.

America's tech companies and data center developers "are increasingly losing fights in communities where people don't want to live next to them, or even near them," reports the Associated Press:

Communities across the United States are reading about — and learning from — each other's battles against data center proposals that are fast multiplying in number and size to meet steep demand as developers branch out in search of faster connections to power sources... [A]s more people hear about a data center coming to their community, once-sleepy municipal board meetings in farming towns and growing suburbs now feature crowded rooms of angry residents pressuring local officials to reject the requests...

A growing number of proposals are going down in defeat, sounding alarms across the data center constellation of Big Tech firms, real estate developers, electric utilities, labor unions and more. Andy Cvengros, who helps lead the data center practice at commercial real estate giant JLL, counted seven or eight deals he'd worked on in recent months that saw opponents going door-to-door, handing out shirts or putting signs in people's yards. "It's becoming a huge problem," Cvengros said. Data Center Watch, a project of 10a Labs, an AI security consultancy, said it is seeing a sharp escalation in community, political and regulatory disruptions to data center development. Between April and June alone, its latest reporting period, it counted 20 proposals valued at $98 billion in 11 states that were blocked or delayed amid local opposition and state-level pushback. That amounts to two-thirds of the projects it was tracking...

For some people angry over steep increases in electric bills, their patience is thin for data centers that could bring still-higher increases. Losing open space, farmland, forest or rural character is a big concern. So is the damage to quality of life, property values or health by on-site diesel generators kicking on or the constant hum of servers. Others worry that wells and aquifers could run dry...

Saludos.

[tomasjos]

Hispania siempre ha sido parte de Europa, y Venezuela fue parte de España durante siglos.
Con razones dije hace aproximadamente un mes que Europa tenía más en común con Venezuela, que con Ucrania (un país inventado en 1991).
A que estamos jugando.

La tercera guerra mundial será de EEUU contra todos.
A ver como llegamos al verano.

Nosotros llegaremos mirando principalmente al sur, al otro lado del Estrecho y a las Canarias, y de reojo, cuidándonos las espaldas, a Bambú y a las sedes del gobierno autónomo y del PP madrileños - nuestra "quinta columna " particular.

[Derby]

https://www.ft.com/content/99a7b61b-c5df-4794-8c5f-2e3acd291333

‘Down to the wire’: ECB’s digital euro project faces decisive vote in 2026

Central bank aims to introduce the tokens in 2029 but parties in the European parliament are divided


© FT montage/Getty/Dreamstime

One of the European Central Bank’s most complex and controversial projects is heading for a crucial test in the first half of 2026, when the European parliament is expected to vote on the digital euro.

The plan cleared a key hurdle in late December, when the European Council backed the ECB’s plan to launch an electronic equivalent to cash: a digital currency that works in stores, online and in peer-to-peer transactions.

Member states have supported the proposal, which would give European central bankers greater agency over electronic retail payments, which at present rely heavily on US companies. But it is unclear if the project will win the support of the majority of the 720 MEPs. A person watching the debate closely said the vote “could really go down to the wire”.

In an effort to win over sceptics, the ECB, which began evaluating digital central bank money in 2020, has started a public relations blitz.

Piero Cipollone, the ECB executive board member in charge of the project, argued for the digital euro in 21 speeches, six interviews and two blog posts in 2025. ECB president Christine Lagarde vowed in December to “push as hard and as fast as we can to get [the digital euro] out”.

The ECB aims to issue the first digital euros in 2029, following a pilot in 2027. Current rules only allow it to circulate physical cash, meaning lawmakers must first agree new legislation.

The central bank’s main argument for the digital euro is freedom and sovereignty. In a digital age where cashless payments are becoming more prevalent, large parts of Europe’s card and online payments are controlled by US companies such as Visa, Mastercard and PayPal.


ECB president Christine Lagarde. left, and executive board member Piero Cipollone. Lagarde says the central bank is pushing ‘as hard and as fast as we can’ to get the digital euro adopted © Thierry Monasse/Getty Images

Centre-left groups and liberals in the European parliament back the plan but are more than 40 votes short of an absolute majority. The far right opposes it outright. The decisive votes are likely to come from the centre-right European People’s party and the European Conservatives and Reformists, where views are split.

“Building a majority will prove difficult,” German EPP MEP Markus Ferber, who is sceptical about the ECB’s plans, told the Financial Times, adding that “positions differ widely”.

Fernando Navarrete, an EPP MEP from Spain who was appointed by parliament to assess the digital euro, has argued for a scaled-down version. He has suggested initially limiting it to offline use for payments from one person to the other.

Ferber backed that view, arguing that offline payments are the only ones where existing private sector solutions had “genuine gaps” — such as the availability of digital payments when there is no power or internet.

“A digital euro only makes sense if it offers clear and comprehensible added value for citizens and businesses,” said Ferber, adding that “it must not become a political prestige project”.

He warned that “it is by no means a given that there is clear demand” for an ECB-backed scheme for online payments.

At the same time, the continent’s large banks are investing millions in a European challenger to US payment schemes, and fear that a digital euro could derail their fledgling private sector solutions. Bankers warn it will come with huge costs, tremendous complexity and a high risk of failure.

“The ECB has no clue of what it means to launch a payment scheme for more than 350mn people,” the head of retail of a large European lender told the FT on the condition of anonymity.


Festive shoppers in Vienna buying goods with cash © Lisi Niesner/Bloomberg

In a study commissioned by banking lobby groups, Big Four accounting firm PwC last summer estimated that the project’s total costs for Eurozone banks could hit €18bn. The ECB argues the figure would probably be closer to €6bn.

Far-right politicians oppose the project for different reasons. Germany’s Alternative for Germany (AfD) party has warned it could lead to “the gradual displacement of cash”, which it says is the only payment method that guarantees anonymity.

Luděk Niedermayer, a Czech MEP and EPP member, said the digital euro was “strategically, economically, and politically important” and that his priority was introducing it “as soon as possible” after the “necessary technological testing and potential pilot phases”.

Niedermayer said he was satisfied that “sufficient safeguards for those concerned about the role of coins and banknotes” were in place. Support within the EPP could “diverge significantly” in a plenary vote, he acknowledged, but stressed it was too early to speculate about the overall outcome. 

In a post on Instagram, the far-right Patriots for Europe in the European parliament claimed that the ECB could use the digital euro to stop citizens from purchasing certain goods or services, stating that it could be used as a tool for “censorship”. The group added: “If you want to buy something that ‘they’ think that you should not, they will not allow you to do so.”

The ECB is adamant that it would neither be able to monitor nor control individual payments.


Large parts of Europe’s card and online payments are controlled by US companies such as PayPal © Sebastian Kahnert/dpa

Lagarde said in December that the global dominance of American payment providers gave US President Donald Trump leverage. She pointed to International Criminal Court judges who were sanctioned by the US.

“People can be barred from access to any financing because of a decision made on the other side of the pond,” she said. “We are not effectively sovereign in our own garden.”

Many observers, including some within the ECB, fear that the US government’s strong support for dollar-denominated stablecoins could increase Europe’s dependency on America if such digital tokens became more widespread.

Positive Money Europe, a pro-consumer lobby group, is calling for a “truly public form of European money” in a digital world that is otherwise “dominated by US financial interests”.