PPCC: Pisitófilos Creditófagos. Verano 2023

[sudden and sharp]

[Por culpa de las fantasías animadas de ayer y hoy de 'ayusers & desokupers', la socialdemocracia —que la pagamos para que amortigüe— se ve obligada a pactar con la derecha del provincianismo mal llevado.]

Fantasías animadas... sí ¿pero de quién? ¿De quien paga amortiguadores sobrevaluados?

[Derby]

Esos inversores que invierten en inmobiliario sin mirar qué (inmuebles) compran... Lo de la cláusula de arbitraje "rabínica" suena exótico (¿justicia retributiva?).

https://www.wsj.com/articles/missing-millions-and-a-rabbinical-arbitrator-real-estate-deal-gone-bad-hits-popular-crowd-funder-3555314f

Missing Millions and a Rabbinical Arbitrator: Real-Estate Deal Gone Bad Hits Popular Crowd Funder

CrowdStreet raised $4 billion by promising big returns to small investors, but many deals disappointed

One of the biggest platforms that promised to give small investors access to major real-estate projects missed red flags and funneled cash into firms that fabricated their past. Now it is facing deals gone bust where $63 million of customer cash has gone missing.

CrowdStreet raised $4 billion for property developers by touting big returns, but many deals fell short.

The deals that went bust involved a real-estate developer called Nightingale Properties, which raised money to buy office buildings in Atlanta and Miami. In a bankruptcy filing this month, the newly named chief restructuring officer of the projects alleged that the buildings were never purchased and all but $127,000 of the investor money was transferred to other accounts, including some belonging to Nightingale’s chief executive officer.

CrowdStreet promoted the Nightingale offerings despite several potential red flags. The developer omitted results from two bad deals from the track record shown to investors. An arbitration clause in the deals’ operating agreements stipulated that disputes would be settled by a rabbinical court.

A lawyer for Nightingale and its CEO, Elie Schwartz, declined to comment. CrowdStreet Chief Executive Tore Steen declined to answer whether his company bore any responsibility for the missing money, saying, “CrowdStreet did not commit the fraud here.”

CrowdStreet is one of the largest of several platforms that enable small investors to band together to buy office buildings, hotels and other types of commercial real estate. Developers made pitches to investors in webcasts, while a CrowdStreet representative stepped in to announce when the “Invest Now button” had been activated.

Developers pay fees to advertise their deals, and investors can buy slivers of equity for as little as $25,000. Sponsors of more than 770 deals have raised more than $4 billion on the platform.

A Wall Street Journal review of 104 completed deals and other deals that were aborted or still in process found that many failed to meet returns suggested in sales pitches. When developers fell short of funds, they asked investors to pony up more cash or risk losing their investments. CrowdStreet also helped raise cash for a firm that lied about its track record to investors, according to the Securities and Exchange Commission and the Justice Department, and whose chief executive was later sentenced to prison for fraud for the fundraising.

The Journal analyzed data on expected and realized returns of 104 completed deals from the sale of property or investor redemptions, which the company posted from 2013 to August 2022.(...)

[Derby]

https://www.bloomberg.com/news/articles/2023-07-31/alberta-crude-output-drops-to-seven-year-low-on-oil-sands-work#xj4y7vzkg

Alberta Crude Output Drops to Seven-Year Low on Oil-Sands Work

Oil-sands mine production plummets 48% amid maintenance
Output is lowest since recovery from massive 2016 wildfires

Crude production in Canada’s energy heartland fell to the lowest in seven years in June as heavy maintenance at oil-sands mines weighed on their output, according to Alberta Energy Regulator data.

Alberta’s total oil output dropped 21% to 2.71 million barrels a day, the lowest since June 2016, when oil-sands producers were recovering from wildfires that shut about a million barrels a day of capacity. The biggest decline in June was from oil-sands mines, which saw output plummet 48% to 712,000 barrels a day. Total oil-sands output fell 25% to 2.15 million barrels a day. Oil output was even lower than during the heart of the 2020 pandemic, when production was curtailed due to low prices.(...)

[torre01]

[Al PP solo le queda intentar tamayos.]

Y a otros sólo les queda reeditar un Nuevo Frente Popular.

[Cadavre Exquis]

First US Nuclear Reactor Built In Decades Enters Commercial Operation
Posted by msmash on Monday July 31, 2023 @04:00PM from the moving-forward dept.

ZipNada writes:

A new reactor at a nuclear power plant in Georgia has entered commercial operation, becoming the first new American reactor built from scratch in decades. Georgia Power announced Monday that Unit 3 at Plant Vogtle, southeast of Augusta, has completed testing and is now sending power to the grid reliably. At its full output of 1,100 megawatts of electricity, Unit 3 can power 500,000 homes and businesses. Utilities in Georgia, Florida and Alabama are receiving the electricity.

Nuclear power now makes up about 25% of the generation of Georgia Power, the largest unit of Atlanta-based Southern Co. A fourth reactor is also nearing completion at the site, where two earlier reactors have been generating electricity for decades. The Nuclear Regulatory Commission on Friday said radioactive fuel could be loaded into Unit 4, a step expected to take place before the end of September. Unit 4 is scheduled to enter commercial operation by March. The third and fourth reactors were originally supposed to cost $14 billion, but are now on track to cost their owners $31 billion. That doesn't include $3.7 billion that original contractor Westinghouse paid to the owners to walk away from the project. That brings total spending to almost $35 billion. The third reactor was supposed to start generating power in 2016 when construction began in 2009.

Saludos.

[Benzino Napaloni]

[Al PP solo le queda intentar tamayos.]

Y a otros sólo les queda reeditar un Nuevo Frente Popular.

Ni hartos de vino. España tiene compromisos muy serios con Europa, especialmente por la parte de "los dineros". Si nos cierran el grifo el país quiebra en nada.

El que mande lo hará con la condición de "hacer los deberes".

[asustadísimos]

[El frentepopulismo no es una estrategia socialdemócrata, sino comunista. Consiste en poner circunstancialmente al servicio del proceso revolucionario del proletariado la contradicción que hay entre la oligarquía y la pequeña y mediana burguesía. El gobierno frankenstein no es frentepopulista. Es de unidad socialdemócrata.

Otro error: «EH-Bildu es una coalición heredera de la ETA»; ¡no!, es heredera de Eusko Alkartasuna.

Otro: «Junts quiere el referéndum separatista»; ¡no!, quiere Agencia Tributaria.

Más ejemplos: «hay un régimen que se llama 'sanchismo' que odia a España», sanchismo no de Sancho, sino de Sánchez, el presidente de la Internacional Socialista; «Madrid es la locomotora», no la causa del vaciamiento del resto; «la vivienda es inversión», no consumo duradero; etcétera, todo gafadas.

Las derechas sociológica y política española se creen las patrañas de sus gafes. Los gafes nos distraen y, entonces, tú te la pegas y las reclamaciones, al maestro armero.

Finalmente, las mascarillas funcionan para La Atea como el barco del narco para el Pequeñín o el falcon para el tal Sánchez; son tontadas, pero joden la marrana —marrana significa noria—.

El cachondeíto que representa La Atea es malísimo para el ortograma capitalista en España, cuya economía es ultradependiente de la UE.

ayuso_mater_dolorosa


ayuso_mater_amantisima


meloni_due_meloni
https://www.youtube.com/watch?v=FNUlYSczL0M

A España jamás le permitirán una melonada.

Los gafes hinchan las expectativas de melonadas. Era mejor que el PSOE hubiera tenido más holgura; y que el PP, bajo la batuta de un pulcro bambi, hubiera dispuesto del tiempo prudencial de catarsis después de la purga de su corrupción, aparte de desbloquear el CGPJ.

No contábamos con el peso de las escobas voladoras. Pero los melones estaban pepinos. Ahora, a seguir volando de balcón en balcón, con permiso de la maceta.

Vuelo libre entre jardines colgantes

Por lo menos, leyes raritas ya no va a haberlas.]

[Cadavre Exquis]

https://cincodias.elpais.com/opinion/2023-08-01/la-manera-de-atraer-usuarios-al-tren-y-el-coyote-contra-china.html

https://cincodias.elpais.com/mercados-financieros/2023-07-31/el-euribor-marca-maximos-desde-2008-y-encarece-la-hipoteca-media-en-305-euros.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/economia/2023-08-01/las-calas-y-playas-donde-menos-ha-impactado-la-inflacion-de-la-mas-barata-a-la-mas-cara-para-alquilar-una-casa.html

https://www.expansion.com/economia/2023/08/01/64c81e69e5fdea254e8b4623.html

Saludos.

[Cadavre Exquis]

Del informe de Hartnett del jueves pasado.

The Biggest Picture: the fastest nominal GDP recovery since WW2 (Chart 2); 10-year yields back >4%, threatening 3.6-4.1% Goldilocks range; oil +19%, diesel +30% (tracks CPI – Chart 4), house prices up, labor flexing muscles (tentative Teamsters/UPS deal = 35% wage jump for 155k part-time workers, 6.5% for 155k full-time; all say Fed “done” & inflation "done & won"…yet 1st week of inflows to TIPS since Aug'22 & FCIs on rise.

World of Overshoots: pandemics, wars, nationalism, political polarization, heavy ($28tn) policy stimulus, lowest rates in 5000 years to fastest nominal GDP recovery since WW2…asset price overshoots the new normal; worst US Treasury returns since 1788 in 2022 (-17%), oil price was -ve -$37/bbl April’20, then $123/bbl in Mar'22 then collapsed to $67/bbl following 12 months; Bitcoin $5k (Jan’20) to $68k (Nov'21) to $16k (Nov'22) to $29k today; S&P 500 from 330

Green Shoots: US real household earnings…+1.2% in June follows 2 years of negative real earnings (Chart 7); US ISM…set to bounce from 46 to >50 based on ratio new orders to inventories (note industrials & semis have discounted this - Charts 9-10); US housing…residential prices up past 4 months; US consumer confidence…highest since Jul’21.

Brown Shoots: global services sector slowing…95% of service sector PMIs declining = most since Apr'20; Europe…economic surprises most -ve since Jun'20, biggest drop bank loan demand on record in Q2 (Chart 12), German PMI 38.8 = worst since May’20 (set to worsen – Chart 11); China…youth unemployment = record 21.3% in June; Asia… export growth -9.0% YoY in June (Chart 13).

Saludos.

[Derby]

Un paréntesis que viene al caso de lo que comentamos en este foro:

https://www.vozpopuli.com/branded/claves-evolucion-humana-atapuerca.html

Las claves de la evolución humana, según Ignacio Martínez, miembro del proyecto de Atapuerca

(...) «Las ideas y los valores compartidos son el cemento que cohesiona a los grupos humanos», afirma Martínez. Un cemento que, añade, ha permitido que  seamos  una especie triunfadora en términos evolutivos. Dos elementos son, a juicio de este científico, determinantes en esa vertiginosa evolución de la raza humana: la tecnología y la capacidad de trabajar en equipo y compartir conocimiento.

[Derby]

https://www.ft.com/content/d85af421-09cb-4886-b735-a46bb7de0bed

UK house prices record biggest drop since 2009

UK house prices have dropped by the largest amount in 14 years, according to fresh data from Nationwide.

Prices for July fell 0.2 per cent on the previous month and 3.8 per cent on the same month last year, the largest fall since 2009, the Nationwide house price index showed. The average cost of a home in the UK is now £260,828.

House prices have come under increasing pressure as lenders have ratcheted up mortgage costs in response to higher interest rates.

In June, house prices remained broadly flat compared with the previous month, Nationwide’s data showed, but were 3.5 per cent lower than the same month last year.

[Derby]

https://cincodias.elpais.com/economia/2023-07-31/en-busca-de-las-sombras-de-la-caida-de-los-salarios-reales-espanoles.html

En busca de las sombras de la caída de los salarios reales españoles

Pese a tener una de las tasas más bajas de IPC de la eurozona, España ha sido de los países que más poder adquisitivo ha perdido desde 2020

[Asdrúbal el Bello]

Hay mucha gente en España que sigue un proyecto ideológico a largo plazo, de forma consciente o inconsciente. Depauperizar la clase media y generar una república caudillista, que nos querrán presentar como francesa pero será "com sempre", peronista. Ellos sabrán. Pudieron elegir entre susto (acuerdo nacional) o muerte (las dos españas). Para muchos la elección es clara, y se reduce al "que hay de lo mío" de toda la vida. Simplemente recordar que yo si recuerdo una infancia feliz en una casa sin agua corriente, acompañando a mi abuela a lavar al río, yendo a la fuente a buscar agua, y con corriente para una docena de bombillas, una nevera y una radio. Volver a eso será muy duro para muchos, e igual no se conforman.
 


https://youtu.be/u-IX6C9s0nw

[gregorsamesa]

Para el que quiera más información al respecto:
https://www.abc.es/historia/abci-freno-franco-intenciones-eeuu-elegir-sucesor-tras-muerte-202006102308_noticia.html 

Tanto los "hunos" como los "hotros" buscan destruir ese legado con ahínco.
Pero desde luego los herederos de Largo Caballero (ya que hablamos de herencias) se distinguen de entre los de su clase.