Must Read – Gangster Bankers: Too Big to Jail

febrero 14, 2013 § Deja un comentario

Good read from Matt Taibbi in Rolling Stones Mag

http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214

Oh no! Y ahora quien podrá salvarnos?

noviembre 7, 2012 § Deja un comentario

Germany Industrial Production YoY NSA (via Bloomberg).

Supongo que alemanes comenzaran a considerar la impresión de billetes.

Siguiente parada: estanflación?

Y mientras tanto en Europa…

noviembre 6, 2012 § Deja un comentario

Eurozone downturn deepens at start of Q4 2012, as output continues to contract across the big-four economies

  • Final Eurozone Composite Output Index: 45.7 (Flash 45.8, September 46.1)
  • Final Eurozone Services Business Activity Index: 46.0 (Flash 46.2, September 46.1)

The downturn in the Eurozone economy deepened at the start of Q4 2012, with the combined output of the manufacturing and service sectors falling at the fastest pace since June 2009. The Markit Eurozone PMI® Composite Output Index fell to 45.7 in October, down from 46.1 in September and the earlier flash estimate of 45.8. Overall activity has now fallen for nine straight months.

Nations ranked by all-sector output growth (Oct.)

  • Ireland 55.5 20-month high
  • Germany 47.7 2-month low
  • Italy 45.6 7-month high
  • France 43.5 2-month high
  • Spain 41.5 2-month high

http://www.markit.com/assets/en/docs/commentary/markit-economics/2012/nov/EZ_Composite_ENG_1211_PR.pdf

El Santo contra la Idiosincrasia [Tasa de Ahorro]

octubre 29, 2012 § Deja un comentario

El inicio de la deplorable situación económica en Estados Unidos, inicio a finales de la década de los setentas cuando los ingresos de la clase media (polarización y distribución de la riqueza – tema muy familiar para todos los latinoamericanos) comenzaron a disminuir, y ante esta situación el gobierno decidió darle a la clase media un mayor acceso a crédito. Gracias a este incremento en crédito aunque la gente cada vez ganaba menos podía continuar cada vez consumiendo mas (y que mejor activo que los bienes raíces para actuar como colateral).

Ahora décadas después nos encontramos nuevamente ante la decisión de continuar esta farsa donde el “crecimiento económico” (al menos para algunos) se lleva a través de los excesos en consumo desmedido y no a través de la innovación y productividad. Una vez mas el gobierno y ahora algunas corporaciones nuevamente optan por el consumo banal y desmedido, en lugar de regresar al camino de la prudencia donde uno consume de acuerdo a lo que gana, y el crecimiento económico sustentable se lleva a cabo de la innovación y productividad.

Sin embargo hay que reconocer que hoy en día no es solo cuestión de apalancamiento, sino también después de mas de 30 años de repetirle a la gente que el crédito desmedido es bueno y necesario, esta situación se ha vuelto un tema de idiosincrasia.

Una imagen vale mas que mil palabras. A continuación anexo la grafica de la tasa de ahorro como porcentaje del ingreso personal disponible (vía bloomberg).

Santo Contra el Rey del Crimen

octubre 1, 2012 § Deja un comentario

Conforme nos acercamos a las elecciones presidenciales americanas, solo existen noticias positivas (manipuladas?). El miércoles se tiene el primer debate presidencial, casualmente el miércoles se publican los datos mas recientes de desempleo. Sin duda un dato positivo este miercoles seria una muy buena y oportuna noticia para el candidato que actualmente ocupa la presidencia. No solo en México…

La noticia económica del día de hoy (Via Bloomberg).

Manufacturing in U.S. Expands Unexpectedly as Orders Rise

Manufacturing in the U.S. unexpectedly expanded in September, indicating the industry is stabilizing after three months of contraction.

http://www.bloomberg.com/news/2012-10-01/ism-index-of-u-s-manufacturing-increased-to-51-5-in-september.html

Mientras que las noticias económicas sin importancia.

Eurozone manufacturing downturn eases further

from Markit Economics

At 46.1 in September, the headline seasonally adjusted Markit Final Eurozone Manufacturing PMI posted below the neutral 50.0 mark for the fourteenth successive month. Although the PMI rose to a six-month peak – up from 45.1 in August and above the earlier flash estimate of 46.0 – its average over Q3 2012 as a whole was only 45.1. This was below the prior quarter’s 45.4 and the weakest outcome since Q2 2009.

http://www.markit.com/assets/en/docs/commentary/markit-economics/2012/oct/EZ_Manufacturing_ENG_1210_PR.pdf

UK Manufacturing PMI edges lower

from Markit Economics

The downturn in UK manufacturing production extended into its third successive month in September, as order inflows remained lacklustre and job losses continued to mount.

Key points:

  • Manufacturing PMI down to 48.4 in September
  • Production falls as new export orders decline
  • Cost inflation spikes on oil and food price increases

http://www.markit.com/assets/en/docs/commentary/markit-economics/2012/oct/GB_Manufacturing_ENG_1210_PR.pdf

Chinese manufacturing output falls at fastest pace since March

from Markit Economics

Data in September signalled a stronger decline in Chinese manufacturing output, as the volume of new orders fell for the eleventh consecutive month. New export orders declined at the sharpest rate in 42 months amid reports of weak international demand, while lower workloads were linked to a fall in backlogs of work.

http://www.markit.com/assets/en/docs/commentary/markit-economics/2012/oct/CN_Manufacturing_ENG_1210_PR.pdf

Japan

From Markit Economics

Manufacturing output falls sharply as exporters suffer from strong yen and falling demand

  • Manufacturing output falls sharply for second month running in August
  • PMI indicates further downturn in September
  • Downturn led by falling exports

http://www.markit.com/assets/en/docs/commentary/markit-economics/2012/sep/Japan_manu_12_09_28.pdf

septiembre 20, 2012 § Deja un comentario

Eurozone sees steepest contraction since June 2009 despite downturn easing in Germany

The Markit Eurozone PMI® Composite Output Index fell from 46.3 in August to 45.9 in September, according to the preliminary ‘flash’ reading, based on around 85% of usual monthly replies. The index therefore signalled that the private sector economy contracted for the twelfth time in the past 13 months, with the rate of decline accelerating slightly to reach the fastest since June 2009.

The September reading rounds of the weakest quarter since the second quarter of 2009, with the average PMI reading for the third quarter at 46.2, down from an average of 46.4 in the second quarter.

http://www.markit.com/assets/en/docs/commentary/markit-economics/2012/sep/EZ_Composite_ENG_1210_FLASH.pdf

No Solo En México

agosto 30, 2012 § Deja un comentario

Muy conveniente tema para la relección del Presidente Obama.

No solo en México se anteponen los intereses políticos y personales de los gobernantes a los intereses de los ciudadanos.

Hedge Funds Cleared to Advertise Under SEC Proposal

Hedge funds may go from soliciting individual investors behind closed doors to conducting wide advertising campaigns without restrictions under a rule proposed today by the U.S. Securities and Exchange Commission.

SEC commissioners voted 4-1 to invite public comment on a proposal for how to end decades of limits on the pursuit of investors by private funds and startups. The proposal is driven by a law that repealed a ban on pitching such investments to all but a select few investors, such as those accustomed to pumping cash into hedge funds.

http://www.businessweek.com/news/2012-08-28/hedge-fund-marketing-could-begin-new-era-as-sec-set-for-proposal

¿Dónde estoy?

Actualmente estás explorando la categoría Mexico en DIARIO DE R. GUZMAN HUERTA EN WALL STREET ARENA.

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