PPCC: Pisitófilos Creditófagos. Primavera 2026

[sudden and sharp]

Ya es primavera...







Venimos de:

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Prosigan.

[sudden and sharp]

El sorprendente desarrollo económico de África y por qué cada vez depende menos de las ayudas
https://www.bbc.com/mundo/articles/cjd9vrddmdxo

"Según las proyecciones del Fondo Monetario Internacional (FMI), 11 de las 15 economías de más rápido crecimiento del mundo en 2026 estarán en África, lo que la convierte en la región de mayor crecimiento del mundo", afirmó Landry Signé, copresidente del Grupo de Acción Regional para África del Foro Económico Mundial, y quien ha investigado el comportamiento de las economías africanas tras la tormenta desatada por Trump.

[el malo]

El sorprendente desarrollo económico de África y por qué cada vez depende menos de las ayudas
https://www.bbc.com/mundo/articles/cjd9vrddmdxo

"Según las proyecciones del Fondo Monetario Internacional (FMI), 11 de las 15 economías de más rápido crecimiento del mundo en 2026 estarán en África, lo que la convierte en la región de mayor crecimiento del mundo", afirmó Landry Signé, copresidente del Grupo de Acción Regional para África del Foro Económico Mundial, y quien ha investigado el comportamiento de las economías africanas tras la tormenta desatada por Trump.

Igual las inversiones chinas en infraestructura han tenido algo que ver.

También digo que mi experiencia trabajando "con" África (no "en" África) ha sido bastante amarga. Cuando tienen a alguien que les supervisa todo funciona, sobre todo al principio cuando todo se coge con estusiasmo. En cuanto se baja una marcha para mantener la velocidad de crucero todo se viene abajo. Su principal problema es su propia apatía. De la corrupción no hablo porque a su lado nuestros políticos parecen Santa Teresa (incorruptible).

Hablo principalmente del centro y oeste de África. Al final es un continente enorme y no tiene nada que ver un keniata con con alguien de Costa de Marfil.

[Urederra]

Este Marzo está empezando el corte de grifo en las entidades financieras para créditos hipotecarios.

! Empieza el año astrológico !

Y con una luna nueva ya creciente.

Aries arranca con vigor. Signo de fuego.

Ayer se quemaron con fuego las fallas. Últimos restos del año astrológico saliente.

! Feliz primavera !

[newclo]

www.baha.com[/size]/US-new-home-sales-slide-by-176percent-in-January/news/details/65909986]https://www.baha.com/US-new-home-sales-slide-by-176percent-in-January/news/details/65909986

US new home sales slide by 17.6% in January

Sales of new single-family homes in the United States observed a monthly slump of 17.6% an an annual decline of 11.3% to land at 712,000 in January, the Census Bureau and the Department of Housing and Urban Development revealed in their report published on Thursday.

The median sales price decreased to $400,500, going down by 8% month-on-month and 6.8% year-on-year. The average sales price of new houses sold reached $499,500, decreasing by 5.95 on a monthly basis and 3.6% on an annual one.

The seasonally adjusted estimate of new homes for sale at the end of January was 476,000, a rise of 0.4% compared to December, yet, a decline of 4% in contrast with January 2025.

Buenos días Familia

@Derby, tiene una pinta esa plataforma baha !

Feliz Equinoccio de Primavera
No olvidéis disfrutar de la Naturaleza, el aire, o de lo que podáis, en buena compañía o acompañados de vosotros mismos

[sargento.algodon]

Yo leí por primera vez sobre la novilla roja en la novela "El sindicato de policia yiddish" de Michael Chabon. Creo que ya lo he contado aquí. Es una novela distopica en la que la mayor parte del pueblo judio europeo logra escapar de la Europa en guerra en 1940 merced a un acuerdo de recolocación en Alaska y el intento zionista de instalarse en Palestina fracaso al perder la guerra arabe-israeli. El acuerdo de recolocación va a terminar y todo el judio que no haya alcanzado la nacionalidad estadounidense tendrá que buscar un nuevo lugar para establecerse. No les destripo el final pero está involucrado una secta ultraortodoxa, el ritual de purificación judio que precisa una novilla roja inmaculada y un gobierno estadounidense que busca la nueva Venida.

https://en.wikipedia.org/wiki/The_Yiddish_Policemen%27s_Union

De vuelta a este nuestro presente, hay gente buscando una novilla para poder, con sus cenizas, purificar el Monte del Templo, tras demoler lo que hay construido encima.

https://en.wikipedia.org/wiki/Christian_Zionism

[tomasjos]

Del directo de El Confidencial

https://www.elconfidencial.com/mundo/2026-03-18/guerra-iran-israel-eeuu-ultima-hora-directo_4322237/
PSOE y Sumar sortean la  con dos decretos, uno para vivienda y otro con el resto de medidas

Tensión antes del Consejo de Ministros que debe aprobar el paquete de medidas para paliar los efectos de la guerra en Oriente Medio. Los ministros de Sumar han forzado un retraso del comienzo de la reunión en Moncloa para abordar varias de sus prioridades en el decreto ley. Los miembros del ala minoritaria del Ejecutivo pretenden seguir negociando asuntos relacionados con la vivienda y los beneficios empresariales. Las conversaciones las han llevando directamente Pedro Sánchez y Yolanda Díaz mientras el resto de miembros del gabinete se mantenía a la espera.

Tras tres horas de tiras y aflojas, el Ejecutivo ha saldado la crisis de una forma salomónica: habrá dos decretos leyes para responder a la guerra en Irán. Fuentes de la vicepresidencia segunda indican que una norma recogerá las propuestas del socio minoritario en materia de vivienda y la otra el resto de iniciativas. Ahí irán las rebajas fiscales ya conocidas y también lo relacionado con los beneficios empresariales que proponían desde el socio minoritario del Gobierno. Sobre vivienda, Sumar ha logrado sacar adelante la prórroga de los contratos de alquiler que caducan este año.

Fíjense que anti-transicionista es esta decisión, que se prefiere lastrar los beneficios empresariales que el puñetero ladrillo. Y aquí están igual el PSOE que Junts y el PNV, porque está claro que si se han separado los dos decretos es porque se va a aprobar uno y el otro no.

Que partidos como el PNV prefieran el ladrillo a la empresa deja claro  que el sistema está muerto y es puramente extractivo de una riqueza que se deja de producir ahogada por el impuesto privado inmobiliario.

[Derby]

https://www.entsoe.eu/news/2026/03/20/entso-e-publishes-expert-panel-final-report-on-28-april-2025-blackout-in-spain-and-portugal/

ENTSO-E Publishes Expert Panel Final Report on 28 April 2025 Blackout in Spain and Portugal

(...) The investigation concludes that the blackout resulted from a combination of many interacting factors, including oscillations, gaps in voltage and reactive power control, differences in voltage regulation practices, rapid output reductions and generator disconnections in Spain, and uneven stabilisation capabilities. These factors led to fast voltage increases and cascading generation disconnections, resulting in the blackout in continental Spain and Portugal.

https://www.entsoe.eu/publications/blackout/28-april-2025-iberian-blackout/

[Derby]

https://edition.cnn.com/2026/03/20/energy/oil-gas-prices-intl-hnk

Global oil price stuck in triple digits. Goldman Sachs says it may stay there for years


A flare stack burns at the PCK Schwedt oil refinery beyond a sign for fuel prices at a gas station in Schwedt, Germany. Krisztian Bocsi/Bloomberg/Getty Images

Hong Kong — Oil prices dipped Friday but remained well above $100, with energy infrastructure in the Middle East damaged and the vital Strait of Hormuz still largely shut.

Goldman Sachs even suggested that higher prices could last all the way through 2027.

Brent crude, the global oil benchmark, ticked down 0.1% to $108.5 a barrel, having risen to $110 earlier in the day. US crude was broadly flat at $95.6.

“The persistence of several prior large supply shocks underscores the risk that oil prices may stay above $100 for longer in risk scenarios with lengthier disruptions and large persistent supply losses,” Goldman analysts wrote in a note Thursday.

US and Brent crude have diverged slightly this week after the Trump administration worked to bring some more US production online. The United States is the largest oil producer in the world, insulating the country from some — but not all — of the recent disruption from the Iran war, Deutsche Bank analysts noted Friday.

The Brent price bobbed up and down Friday after Israeli Prime Minister Benjamin Netanyahu said his country would heed President Donald Trump’s call not to repeat attacks on key Iranian energy sites. The Israeli strike on Iran’s South Pars field triggered the latter’s retaliation against Qatar’s Ras Laffan, the world’s largest liquefied natural gas facility, sending oil prices surging earlier this week.

Trump also sought to reassure Americans facing the highest gasoline prices in almost two and a half years, saying “it’s going to be over with pretty soon.” He added that, before Israel and the United States launched their war against Iran, he had thought the prices would be “much worse.”

US gas prices rose another 3 cents a gallon overnight to $3.91, on average, Friday, according to AAA. That’s the highest average price for a gallon of regular gas since October 13, 2022.

No end in sight

Three weeks in, the conflict shows no sign of abating. Middle Eastern countries reported intercepting drones and missiles as dawn broke Friday.

The Strait of Hormuz — a narrow waterway between Iran and Oman — has been effectively closed for 19 days, choking off 20% of the world’s oil supply.

A senior Iranian security source told CNN Thursday that the strait “will not return to pre-war conditions,” reiterating earlier threats that the waterway would be disrupted if Iran came under attack.



With the strait nearly blocked for almost three weeks, Goldman Sachs expects that oil prices will likely trend higher. It warned that the Brent benchmark could exceed its all-time high, set in 2008, of around $147 per barrel, if supply disruptions lengthened.

In the worst-case scenario, the bank estimated that Brent prices would be around $111 per barrel by the fourth quarter of 2027 if oil supply through the strait remained very low for over two months and production stayed at 2 million barrels per day after reopening.

The more favorable case, according to Goldman Sachs, comes with a gradual recovery in oil flows through the strait from April, easing the Brent price to the $70s by the fourth quarter of 2026.

Already, QatarEnergy, the state-owned operator of Ras Laffan, said the missile attacks reduced the country’s export capacity of liquefied natural gas by 17% and that it could take up to five years to repair, impacting supply to markets in Europe and Asia.

Under pressure to lower prices

To combat the higher gasoline prices, the Trump administration is considering a host of options.

Treasury Secretary Scott Bessent suggested lifting sanctions on Iranian oil already at sea in a bid to lower oil prices – which might mean padding the war chest of a US enemy.

But the White House has so far ruled out imposing a ban on crude oil and gas exports as a possible way to ease surging energy prices, an administration official told CNN.

As part of a historic emergency oil release agreed by 32 member countries of the International Energy Agency earlier this month, the United States has committed to releasing more than 172 million barrels of crude from its reserves.

Trump has also publicly called for support from US allies to reopen the Strait of Hormuz.

The United Kingdom has sent a small deployment of military planners to work with the United States to come up with a “viable collective plan,” a UK defense official said. Other US partners, however, have said they are unlikely to send military assets into the strait amid active hostilities.

[Derby]

https://www.baha.com/US-said-not-to-have-clear-solution-for-Hormuz/news/details/65919563

US said not to have clear solution for Hormuz

United States top officials privately acknowledged that the closure of the Strait of Hormuz is a problem with "no clear solution," CNN reported on Friday, citing multiple administration and intelligence officials.

"One of the core conundrums of this conflict is that the Iranians have real leverage with this, and there’s not an obvious fix for it," one intelligence official allegedly said.

Furthermore, four sources revealed to the outlet that a document from the Defense Intelligence Agency has been circulating in the Pentagon claiming that Tehran could keep the strait shut for anywhere from one to six months.

https://www.baha.com/iran-said-to-weigh-taxes-on-hormuz-safe-passage/news/details/65907364

Iran said to weigh taxes on Hormuz safe passage

The Iranian parliament is considering a bill that would impose fees and taxes for vessels seeking safe passage through the Strait of Hormuz, Iran's ISNA reported on Thursday.

"We are pursuing a plan in the parliament, according to which, if the Strait of Hormuz is used as a safe route for ship traffic, energy transit, and food security, countries will be obligated to pay duties and taxes to the Islamic Republic of Iran," an Iranian lawmaker told the news agency.

Iran has effectively blocked this critical maritime route since the beginning of the US-Israeli attacks on Iranian territory, disrupting oil shipments and pushing oil prices through the roof.

[Derby]

https://www.forbes.com/sites/tylerroush/2026/03/20/super-micro-shares-plunge-25-after-co-founder-charged-in-25-billion-ai-chip-smuggling-plot/

Super Micro Shares Plunge 25% After Co-Founder Charged In $2.5 Billion AI Chip Smuggling Plot

Topline

Super Micro Computer’s stock plummeted by more than 25% in premarket trading on Friday, after the U.S. arrested co-founder Yih-Shyan Liaw, alleging Liaw and two others conspired to smuggle AI chips worth billions of dollars into China.


The tech firm said it placed Yih-Shyan Liaw and one other employee on administrative leave. NurPhoto via Getty Images

Key Facts

*Shares of Super Micro dropped by 25.3% to around $23 in premarket trading, pacing what would be the company’s largest single-day loss since October 2024 (32%).

*Liaw, a senior vice president of business development, Ruei-Tsang Chang, a manager in Super Micro’s Taiwan-based office, and Ting-Wei Sun, an outside contractor, were each charged with one count of violating U.S. export control law, one count of conspiring to smuggle goods from the U.S. and one count of conspiring to defraud the U.S., the Justice Department said Thursday.

*Prosecutors allege Liaw, Chang and Sun sold banned Nvidia-powered AI chips through a Southeast Asia company—identified as “Company-1”—and then forwarded those chips to China through third-party brokers, violating U.S. export controls.

*These alleged smuggling efforts generated about $2.5 billion in sales for Super Micro since 2024, prosecutors claim.

*Super Micro, which is not named as a defendant, said in a statement that Liaw and Chang were placed on administrative leave and that the company terminated its relationship with the contractor.

Surprising Fact

Liaw, who co-founded the company in 1993, holds about $464 million worth of Super Micro’s shares, according to FactSet.

Big Number

$18.4 billion. That’s Super Micro’s market value as of Thursday’s share price, though Friday’s slide would subtract roughly $4.7 billion, lowering the firm’s market cap to about $13.7 billion.

Key Background

Demand for Nvidia’s high-powered graphics processing units has soared as more companies compete to train generative AI models. The U.S. first restricted shipments of Nvidia products to China in 2022, and while President Donald Trump indicated he would further block China from obtaining Nvidia’s chips, he has since relaxed trade policy. Trump said in December he would allow the export of Nvidia’s second-most powerful chip, the H200, to China, and announced that the eased restrictions would also apply to AMD, Intel, and “other GREAT American Companies.” While pulling back on the trade policy, Trump claimed the Biden administration, which implemented the restrictions, forced companies to spend “BILLIONS OF DOLLARS building ‘degraded’ products that nobody wanted.” The U.S. will receive a 25% cut from the sale of these advanced chips, Trump said.

[Saturio]

Bueno, además de los de Supermicro que ha acabado en un -33%, parece que la bolsa americana se está a empezando a enterar de lo que vale un peine.

[Derby]

https://www.baha.com/Jury-finds-Musk-defrauded-investors-amid-Twitter-buyout/news/details/65920441

Jury finds Musk defrauded investors amid Twitter buyout

A San Francisco jury found on Friday that Elon Musk defrauded Twitter investors in 2022 by disparaging the company in an attempt to purchase the social media platform for less than his initial $44 billion bid.

Jurors concluded that Musk had purposefully misled Twitter shareholders when he stated that Twitter had too many fake accounts and attempted to back out of the transaction.

The case, which represents Twitter stockholders who sold their shares between May 13 and October 4, 2022, centers on claims that Musk broke federal securities laws by deliberately lowering the company's stock price in an effort to either blow up the deal or wrangle a lower sales price.

[Derby]

https://www.baha.com/Trump-We-may-ease-military-efforts-in-Iran/news/details/65920381

Trump: We may ease military efforts in Iran

United States President Donald Trump stated on Friday that "we are close to meeting our objectives" in the Iran war, "as we consider winding down our great Military efforts."

In a post on Truth Social, Trump listed the achievements of the American army, including degrading Tehran's missile capability and destroying Iranian defense, navy and air force. "The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it - The United States does not!" he wrote, offering help to the affected countries in their "Hormuz efforts."

Earlier today, Trump declared that he does not want a ceasefire with Tehran, since the US has already won the war from a military perspective.

[Derby]

https://www.ft.com/content/3443dee2-25ff-4a09-b93a-00e3370af48a

Flagship Blackstone credit fund posts first monthly loss since 2022

Loan markdowns and market declines led to negative return for the first time in more than three years


Investor scrutiny of the $2tn private credit market has intensified over the past year as returns have slid © Bloomberg

Blackstone’s flagship $48bn private credit fund suffered its first monthly loss in more than three years in February, as loan markdowns and market declines weighed on returns.

The Blackstone private credit fund, known as Bcred, reported a total return of -0.4 per cent in February, its first decline since September 2022, when a broad sell-off rocked global financial markets.

The fund, the industry’s largest, wrote down the value of a “select” number of loans during the month, including the debt it extended to customer service software company Medallia, according to a letter to financial advisers reviewed by the FT.

The update also pointed to declines in the broader liquid loan market, which the fund invests in, as weighing on its overall performance in the period.

Investor scrutiny of the $2tn private credit market has intensified over the past year as returns have slid. Advances in AI have raised doubts over the long-term durability of enterprise software companies, many of which were bought up by private equity groups and financed by private credit loans.

That has sparked a surge in investor redemption demands from private credit funds that had been marketed to wealthy individuals. Blackstone earlier this month disclosed Bcred suffered $1.7bn of net outflows in the first quarter, as withdrawal requests jumped to 7.9 per cent of its assets.

Blackstone honoured all of the redemptions in the period, standing out from a handful of its peers who limited withdrawals as requests surpassed thresholds that allow managers to cap outflows. Funds managed by Morgan Stanley, Cliffwater and BlackRock’s HPS Investment Partners unit limited redemptions in the quarter.

“Slowing flows and rising redemption requests have been more of a market phenomenon than a Bcred specific phenomenon,” JPMorgan Chase analyst Kenneth Worthington said. He noted that “leading peers such as BlackRock, Blue Owl and Cliffwater” were “also citing significantly higher than historically typical redemption requests”.

Bcred’s returns have slid since the Federal Reserve began cutting interest rates, with its total return falling to 6.4 per cent over the past year.

In a statement, Blackstone said the fund continued to “deliver strong performance for its investors, with a 9.5 per cent annualised total return since inception”.

The world’s largest private investment group said the 6.4 per cent total return over the past year represented a 2.5 percentage point premium to leveraged loans, a comparable benchmark for the industry.

In the note to financial advisers, Blackstone said its performance “underscores the potential benefits of private credit in volatile markets”.

Blackstone has been marking down the value of the loan it provided Medallia in 2022 for more than a year, and the update indicates it expects an ever-larger impairment on the deal. The 2022 buyout by Thoma Bravo has become a problem for a number of private credit groups as its business has struggled.

Medallia, which helps businesses survey their clients and track customer interactions, has not grown as rapidly as expected. Some lenders pointed to more intense competition from other software providers.

Blackstone most recently marked the loan at 78 cents on the dollar at the end of 2025, an update to investors earlier this month showed, down from 94 cents on the dollar in December 2024.

Orlando Bravo, the co-founder of private equity group Thoma Bravo, told CNBC earlier this week that the equity value of Medallia had been impaired for “a long time”.

“When we bought it, we way overestimated or extrapolated the very high rates of growth of that company into the future,” he said. “We made a mistake and that caused us to pay too much.”