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Cita de: CHOSEN en Septiembre 28, 2022, 17:30:03 pmVaya hombre, el TRAIDOR que cobra en dólares ha hablado.Supongo que esto habrá que votarlo en referéndumo, ¿o que?Cita de: Cadavre Exquis en Septiembre 27, 2022, 21:51:23 pmFRANCE 24 Español · Josep Borrell: “No vamos a comprar más petróleo ruso a partir de diciembre”Saludos.¿TRAIDOR? ¿Qué o a quién ha traicionado este señor?
Vaya hombre, el TRAIDOR que cobra en dólares ha hablado.Supongo que esto habrá que votarlo en referéndumo, ¿o que?Cita de: Cadavre Exquis en Septiembre 27, 2022, 21:51:23 pmFRANCE 24 Español · Josep Borrell: “No vamos a comprar más petróleo ruso a partir de diciembre”Saludos.
FRANCE 24 Español · Josep Borrell: “No vamos a comprar más petróleo ruso a partir de diciembre”Saludos.
Los presidentes o primeros ministros.Tiene la misma legitimidad que cualquier ministro de exteriores de cualquier país miembro de la UE, sólo que reforzada al estar apoyado por todos los primeros.Pero esto es evidente. Lo que no lo es es por qué se se le niega la representación.
HOOOODLhttps://elpais.com/economia/2022-09-28/el-banco-de-inglaterra-vuelve-a-intervenir-y-anuncia-la-compra-de-bonos-britanicos-para-frenar-el-desplome-de-la-libra.htmlY por supuesto transitory:CitarBANK OF ENGLAND: THESE PURCHASES WILL BE STRICTLY TIME LIMITED.
BANK OF ENGLAND: THESE PURCHASES WILL BE STRICTLY TIME LIMITED.
Bank of England launches £65bn move to calm marketsCentral bank to spend £5bn a day for 13 days as it warns of ‘material risk to UK financial stability’The Bank of England took emergency action on Wednesday to avoid a meltdown in the UK pensions sector, unleashing a £65bn bond-buying programme to stem a crisis in government debt markets.The central bank warned of a “material risk to UK financial stability” from turmoil in the gilts market, which was sparked by chancellor Kwasi Kwarteng’s tax cuts and borrowing plan last week.The BoE suspended a programme to sell gilts — part of an effort to get surging inflation under control — and instead pledged to buy long-dated bonds at a rate of up to £5bn a day for the next 13 weekdays.Economists warned that the injection of billions of pounds of newly minted money into the economy could fuel inflation. “This move will be inflationary at a time of already high inflation,” said Daniel Mahoney, UK economist at Handelsbanken.UK government bond markets recovered sharply after the announcement. The pound rose by 1.4 per cent on the day by evening trading in London, reaching $1.0877 against the dollar.The bank stressed it was not seeking to lower long-term government borrowing costs. Instead it sought to buy time to prevent a vicious circle in which pension funds have to sell gilts immediately to meet demands for cash from their creditors.That process had put pension funds at risk of insolvency, because the mass sell-offs pushed down further the price of gilts held by funds as assets, requiring them to stump up even more cash.“At some point this morning I was worried this was the beginning of the end,” said a senior London-based banker, adding that at one point on Wednesday morning there were no buyers of long-dated UK gilts. “It was not quite a Lehman moment. But it got close.”The most directly affected groups were final salary pension schemes that have hedged to ensure their ability to make future payments — so-called liability-driven investment strategies that are very sensitive to fast-moving gilt yields.“It appears that some players in the market ran out of collateral and dumped gilts,” said Peter Harrison, chief executive of Schroders, which has a $55bn in global LDI business. “We were more conservatively positioned and we had enough collateral to meet all of our margin calls.”But a senior executive at a large asset manager said they had contacted the BoE on Tuesday warning that it needed “to intervene in the market otherwise it will seize up” — but the bank failed to act until Wednesday. It declined to comment.Cardano Investment, which manages LDI strategies for around 30 UK pension schemes with around £50bn of assets, said it had written to the BoE on Wednesday.“If there was no intervention today, gilt yields could have gone up to 7-8 per cent from 4.5 per cent this morning and in that situation around 90 per cent of UK pension funds would have run out of collateral,” said Kerrin Rosenberg, Cardano Investment chief executive. “They would have been wiped out.”At a meeting with the chancellor earlier on Wednesday, bankers had urged Kwarteng not to wait until a planned statement on November 23 to take action to calm the markets with a new plan to cut debt.One person at the meeting, which included Citi, Bank of America, UBS, JPMorgan, Deutsche Bank and Standard Chartered, said that date was too far off. Kwarteng’s allies insisted he was sticking to his timetable.Following the BoE’s intervention, Labour leader Sir Keir Starmer called for parliament to be recalled and for Kwarteng to abandon his plans.Kwarteng attempted to reassure markets by telling government departments to identify efficiency savings, reminding them they would have to live within very tight spending limits, already set until 2025.But some Conservative MPs believe that Kwarteng’s reputation has been shredded by the chaos of the last few days and cannot survive as chancellor, while some argue Liz Truss must change course.Kwarteng’s allies said he would not resign, while one government insider said of Truss: “She’s very much not in the mood to budge and wants to tough it out.” Truss and Kwarteng said nothing publicly on Wednesday.Andrew Griffith, City minister, said the government would stick to its strategy: “We think they’re the right plans because those plans make our economy competitive,” he said.But Tory anger is mounting, with some warning that Truss faces a rebellion on key legislation — including possibly on the finance bill to enact the new package — when MPs return to the Commons in October.Simon Hoare, Tory MP for North Dorset, tweeted: “These are not circumstances beyond the control of Govt/Treasury. They were authored there. This inept madness cannot go on.”The BoE took the emergency measure after Kwarteng’s fiscal package last week sent the pound tumbling and set off historic falls in gilt prices.After the announcement, 30-year gilt yields, which earlier on Wednesday had touched a 20-year high above 5 per cent, fell 1 percentage point to 4 per cent — their biggest drop for any single day on record, according to Tradeweb data. Yields fall when prices rise. Ten-year yields slipped to 4.1 per cent from 4.59 per cent.The Treasury blamed “significant volatility” in “global financial markets”.
Ninguna diferencia. Borrell sigue las indicaciones establecidas por consenso de todos los paises. ¿O le ha corregido alguno y no nos hemos enterado?
China Warns Waning Global Demand Is Top Threat to TradeOverseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects foreign trade to grow in the second half of this year. “The slowdown in external demand is the biggest uncertainty faced by China’s trade,” said Vice Commerce Minister Wang Shouwen during a press conference Tuesday in Beijing. “Our companies are reporting falling orders, as the demand from major markets is declining.”An export boom that has propelled China’s economy during the pandemic is showing signs of waning as soaring inflation and other headwinds elsewhere suppress global demand. Exports in US dollar terms expanded 7.1% last month, the weakest pace of growth since April when a lockdown in Shanghai disrupted ports and snarled trade. Meanwhile, the cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles.Much of the growth in the value of trade now is due to rising prices, not to an increase in the amount of goods actually being put on ships. Shanghai’s port processed 8.4% less cargo in August than a year earlier, the port said earlier this month.While Wang said China is confident it will achieve growth in foreign trade in the last six months of 2022, he cautioned that the economic slowdown in the US and Europe is a major headwind.Elevated inflation among major economies has squeezed the consumption of goods in those places, while many overseas companies have been left with high inventories they still need to offload -- thus hurting new orders, Wang said. He added that the demand for work-from-home equipment spurred by the pandemic is declining.The Chinese government has rolled out several measures to stabilize trade, Wang said, such as last month’s big stimulus package and support for cross-border e-commerce firms to build overseas warehouses, among other measures. He noted that rapid growth in some sectors, such as cars and solar batteries, has also demonstrated the country’s good foundation in trade.
A US housing recession has arrived and it could lead to a 20% decline in home prices and Fed interest rate cuts by 2023, chief economist says*A recession in the US market has already arrived as mortgage rates soar, according to ING chief economist James Knightley.*Demand for mortgages has fallen 30% year-to-date and sale transactions are beginning to slow. *"A housing market downturn will weaken the US growth story, but it is also important to remember it will dampen inflation too," Knightley said.A recession in the US housing market has already arrived as potential home buyers step away from deals due to soaring mortgage rates, according to ING chief economist James Knightley. In a Wednesday note to clients, he also said falling home prices could provide some relief from inflation and the Federal Reserve's tightening cycle. Knightley highlighted that near-7% mortgage rates have led to a steep drop in demand for homes due to affordability being "stretched to the limit."The higher mortgage rates, which have doubled over the past year, mean the typical monthly payment has surged to $2,600 per month from $1,550 just a few months ago.(...)Falling home prices are ultimately a good thing for first-time home buyers and others who want to buy a house as the housing market transitions to a buyer's market from a seller's market for the first time in years. Falling home prices are also a good sign for the Fed, which is watching for potential signs that inflation tied to housing and rent has peaked."The Fed wants a correction," Knightley said. "A housing market downturn will weaken the US growth story, but it is also important to remember it will dampen inflation too." He concluded: "We may be soon getting to a turning point in the annual rate of change in these key CPI rent components, which if so, can meaningfully depress consumer price inflation through 2023 and likely contribute to getting the US inflation rate back towards 2% by the end of 2023. While the Federal Reserve is downplaying the possibility, we are firmly of the view that interest rate cuts will be on the table in the second half of 2023."
Cita de: sudden and sharp en Septiembre 28, 2022, 20:04:42 pmNinguna diferencia. Borrell sigue las indicaciones establecidas por consenso de todos los paises. ¿O le ha corregido alguno y no nos hemos enterado?¿Alguna vez has oído a un Ministro de Exteriores corregir a un Presidente?
madremia, cuanto pro-putin por aquítapaos un poco, no??
TRINCHERA CULTURAL¿Y por qué habrá ganado Meloni? Lo que se dice y lo que se callaSi Meloni ha ganado, ¿ganará aquí Vox? ¿Ganará Le Pen en Francia?https://www.elconfidencial.com/cultura/2022-09-28/meloni-italia-vox-le-pen-ultraderecha-fasismo_3498107/