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Las bolsas europeas abren a la baja en la sesión de hoy
Loa índices europeos amanecen a la baja este lunes en una sesión sin grandes referencias macroeconómicas en la que nos inversores siguen atentos la evolución de la crisis sanitaria. El FTSE Mib italiano cae del 0,64%; el CAC 40, un 0,69%. El Dax 30 cede un 0,57%; el EURO STOXX 50, un 0,64% y el FTSE 100 de Londres, un 0,68%.
Azvalor vs Cobas
Por eso el recomienda 2 aňos
Sigo sin ver donde recomienda 2 años. De hecho alrededor del minuto 12 comenta que ellos han lo que hacen y el partícipe debe de estar dispuesto a aguantar el tiempo que sea necesario.
Si se da cuenta los mensajes prácticamente tienen el mismo tono en 2008 que actualmente.
Ojo que llevaban no sé si 500 millones reembolsados en esa conferencia.
S&P500, Dow Jones, Euro Stoxx50, Ibex35: EEUU y Europa siguen alcistas
Cerramos la semana con subidas generalizadas en las bolsas mundiales a pesar de la preocupación de los inversores por la propagación de la variante delta preocupa a los inversores.
La demanda de petróleo bajará en el segundo semestre del año.
El flash crash del oro.
Azvalor vs Cobas
Sabe porque me llama la atención? Porque previamente a cobas jamás tuvieron un periodo de dos años perdiendo dinero. Lo comentan en la conferencia en referencia al año 2000. Por eso el recomienda 2 aňos.
Claro ahora jamás volvería a decir eso porque lleva casi 5 años de underperformance y pérdidas. Eso también es crear la narrativa
Katana vs. Longsword... Again
The Gradual Death Of EU Coal Production
Coal has been experiencing a gradual death in the EU over the last few decades, at least in terms of production on European soil.
New figures from Eurostat show that in 1990, EU production totaled 277.4 million tonnes and as Statista's Martin Armstrong shows in the infographic below, that has fallen steadily since, with just 56.5 million tonnes in 2020, churned out almost exclusively by Poland.
You will find more infographics at Statista
Germany is the most notable absence from the 2020 figures, having accounted for 27 percent 30 years ago.
While production in Czechia has halved over the time period, it was the only country alongside Poland to contribute towards the industry in 2020.
Spain, France and all other member states have also disappeared in the latest figures.
Tyler Durden Mon, 08/16/2021 - 02:45Las costuras del automóvil
FAURECIA VA LANCER UNE OFFRE PUBLIQUE D'ACHAT EN NUMÉRAIRE SUR HELLA ET L’ACQUISITION AUPRÈS DU POOL FAMILIAL DE SA PARTICIPATION DE 60%
¿La "moda" del value hispano?
No, que eso es de técnicos y el gestor es de AF (es ironía).
El asesor es IRIGOYEN RAMIREZ, IGNACIO JOSE, que no me suena
No acabo de ver lo de GARP, aunque, por supuesto, el nombre es por Growth At Reasonable Price.
Virgin Galactic se hunde debido a visión bajista de los analistas
Después de un pico posterior a los vuelos espaciales, las acciones de Virgin Galactic vuelven a caer en picado con un descenso del 20% a causa de una dudosa calificación de los analistas de JP Morgan.
Las Bolsas ceden posiciones entre dudas sobre la recuperación y tensiones geopolíticas
¿La "moda" del value hispano?
-55% en 2020. Habría que considerar el uso de stop loss…
Former CIA Officer: "The Most Infamous & Devastating Press Conference Ever Held By An American President"
Kabul's streets are clogged with panicked civilians fleeing the Taliban onslaught of the Afghan capital, American chinook helicopters are hovering above the US Embassy with an emergency evacuation in progress, and the national government propped up for two decades by US money and power is negotiating surrender with barely a fight.
One former CIA officer has observed looking back to Joe Biden's July 8 Afghan policy speech: "This may become the most infamous — and devastating — press conference ever held by an American President," wrote CIA foreign operations veteran Bryan Dean Wright on Sunday.
This may become the most infamous — and devastating — press conference ever held by an American President. pic.twitter.com/j4kKwyPDVm
— BDW (@BryanDeanWright) August 15, 2021"When I announced our drawdown in April, I said we would be out by September, and we’re on track to meet that target," Biden had said. "Our military mission in Afghanistan will conclude on August 31st."
Clearly the Taliban are on the cusp of declaring victory in Kabul far ahead of that date marker, and certainly very far ahead of the initially conceived September 11 symbolic 'mission accomplished' date (without doubt whatever plans were laid for an optimistic sounding 9/11 "we're out of Afghanistan" or even "mission accomplished" speech will be scrapped).
Here's the exchange from a bit over a month ago:
REPORTER: Is a Taliban takeover of Afghanistan now inevitable?
THE PRESIDENT: No, it is not.
REPORTER: Why?
THE PRESIDENT: Because you — the Afghan troops have 300,000 well-equipped — as well-equipped as any army in the world — and an air force against something like 75,000 Taliban. It is not inevitable.
Perhaps this utter failure to grasp or predict anything close to reality on the ground in the conflict is a failure also shared by US intelligence, given that it was only in June that a widely reported intel assessment forecast that Kabul could fall within six months.
US intelligence agencies who said just 4 days ago that Kabul could fall in 90 days have revised the figure to 72 hours
https://t.co/v2XUuPVcKX
But just last week that assessment was significantly revised to say within "one month to 90 days". Merely the last 48 hours has obviously proven this completely off the mark as well.
US intelligence is now giving it just 72 hours - but it's looking more and more like the Taliban will overrun the capital in maybe just 24 hours, which may not even be enough time for all US diplomatic personnel to get out.
President Ashraf Ghani greets a Taliban delegation at the presidential palace a few hours ago, after signing an agreement to resign and transfer powers to the Taliban. Some reports that he is expected to leave the country shortly. #Afghanistan pic.twitter.com/ce8bW8A588
— Sharmine Narwani (@snarwani) August 15, 2021Meanwhile, Afghanistan's US-backed leaders appear to be putting their exit plans in place, with appeals being made to the invading Taliban to spare them and their families...
Ex, president Karzai latest message:
I am here in Kabul with my girls and I ask the Taliban to provide security and safety for the people. pic.twitter.com/l3FmVC6jnE
For example former Afghan president Hamid Karzai urged the Taliban to provide security and safety for the city's civilians and its leaders in a Sunday video message recorded while standing with his three daughters.
Tyler Durden Mon, 08/16/2021 - 02:22How newspaper front pages around the world covered the fall of Afghanistan
Yesterday much of the world looked on in horror as the Taliban took the Afghan capital of Kabul and with it, control of the entire country. The Taliban’s rapid advance across Afghanistan took little more than a week after U.S. forces withdrew from the country after two long decades.
The consequences for the Afghan people will be immediate. As for the rest of the world? Many are predicting that a Taliban-ruled Afghanistan could once again become a hotbed of terrorist activity that could see plots of the scale of 9/11 happen again.
While governments around the world are still rushing to digest what Afghanistan’s fall means from a geopolitical perspective, here’s how newspapers around the globe have already covered the fall of Afghanistan.
Tomorrow’s USA TODAY front page is hard to look at.
For 18 of the 20 years of America’s war in Afghanistan, I was a reporter and editor in a military town.
We covered every angle of the post-9/11 war on terror, particularly its toll in lives.
Today was heartbreaking. pic.twitter.com/zarLP5yrIj
— Matt Leclercq (@Matt_Leclercq) August 15, 2021
Tomorrow's @nytimes Front Page. #Taliban #Afghanistan #Kabul #Afghanishtan #KabulAirlift #20years pic.twitter.com/6YNBPsabK5
— Rohit Sharma (@DcWalaDesi) August 16, 2021
Take an early look at the front page of The Wall Street Journal https://t.co/nuCO0ciOnY pic.twitter.com/kqDphtG4qq
— The Wall Street Journal (@WSJ) August 16, 2021
Los Angeles Times
Published in Los Angeles, Calif. USAhttps://t.co/XDnpuaVG45
Post date : 16/8/2021 14:30:54 pic.twitter.com/Lvb17dMfHI
— News Front Page (@News_FrontPage) August 16, 2021
Just published: front page of the Financial Times international edition Monday August 16 https://t.co/gjMXJnkUDW pic.twitter.com/8OtCuKAY5E
— Financial Times (@FinancialTimes) August 15, 2021
Happy day, readers! Please enjoy today's front page. Read all these stories on https://t.co/qUf46kEbMt. Enjoy ad-free reading with Premium Plus: https://t.co/WBVBBe4Zt3. pic.twitter.com/KBwQqi6wVI
— The Jerusalem Post (@Jerusalem_Post) August 16, 2021
Today's front page signals the end of the 20-year Western experiment to remake #Afghanistan.
On Sunday, the Taliban swept into Kabul after the government collapsed and the country's embattled president joined an exodus of his fellow citizens and foreigners. pic.twitter.com/AWQo1chb6m
— Stars and Stripes (@starsandstripes) August 15, 2021
Tomorrow's front page:
Kabul falls: US military admits “there was no assessment pessimistic enough’
You can't buy a revolution, but you can subscribe to the only paper that's fighting for one: https://t.co/hxrtOVmwoD pic.twitter.com/C90hCwfuDu
— davo (@davo_shire) August 16, 2021
Our Front Page splash today "Triumphant Taliban take Kabul as president flees". Islamists demand 'absolute power'. With @scribblercat @Charlie_Faulk & @hzeffman #Kabul #Afghanistan #Taliban pic.twitter.com/ytHfNObwiy
— Haroon Janjua (@JanjuaHaroon) August 16, 2021
#FrontPage today: Taliban assume total control of Afghanistan; India unveils $1.35tr infrastructure plan; Burns, tears as Beirut medics treat fuel blast victims; 100-day plan to boost Emirati jobs in private sector… For more latest news check: https://t.co/js8VOvuhFF pic.twitter.com/f3tiubVarD
— Gulf News (@gulf_news) August 16, 2021
The front page of tomorrow's Daily Telegraph:
'The West flees as Kabul falls to Taliban'#Kabul #Afghanistan #Taliban #KabulHasFallen #طالبان pic.twitter.com/glNQKQGcW8
— پاکستان اردو نیوز (@sb_qureshii) August 15, 2021
Vatan-e Emrooz blames the US for the Taliban’s expansion in Afghanistan with its front page: “The United States of Taliban” pic.twitter.com/B0LCzV6S0v
— Omer Carmi (@CarmiOmer) August 14, 2021
Here's the @guardian front page, for Monday 16 August 2021. #Kabul #Afghanistan #Talibans pic.twitter.com/v2xDmE3tWV
— Illia Djadi (@idjadi) August 15, 2021
Front page of Daily Mail "After 20 years, Afghanistan abandoned in days" "what the hell did they all die for?" pic.twitter.com/wmngBukOat
— Yalda Hakim (@BBCYaldaHakim) August 15, 2021
Monday front page of Arab News says it all. pic.twitter.com/axTEggVcpK
— Adam Fitzgerald (@_AdamFitzgerald) August 16, 2021
Good morning! Here’s today’s front page and headlines: pic.twitter.com/lJdelUI0Zy
— South China Morning Post (@SCMPNews) August 16, 2021
It took 20 years to change front page story @washingtonpost #Kabul #afghanistan pic.twitter.com/eqMuSfQaZM
— Nasir Mehmood Kiyani (@NM_Kiyani) August 16, 2021
¿La "moda" del value hispano?
Un fondo que por su cartera podría añadir es el Alcalá Multigestión GARP
El nombre es por Growth At Reasonable Price, pero no lo veo muy growth, las principales posiciones: Aryzta, TK, Golar … También International Seaways, Dixon’s, OHL, TRE, Sacyr, Prisa, Tullow…
PER 8 según Morningstar
Lanzado hace 2 años con rentabilidad floja: -55 en 2020, +6 YTD
https://www.morningstar.es/es/funds/snapshot/snapshot.aspx?id=F000013Z05
ES0107696009
Technology is going too far
Bore stroke ratio
I can quite easily change stroke to 1.75 without too much trouble. The rule seems to be that the longer stroke will run slower. Engines I have built have a bore /stroke ratio of .5 to .9. The engine which presently runs the...
Bore stroke ratio
Futuros del Ibex 35: apertura bajista cerca de los 8.900 puntos
Tras anotarse una revalorización del 0,20% que le colocó a las puertas de los 9.000 enteros el viernes, los futuros del Ibex 35 predicen una apertura bajista con el selectivo acercándose, de nuevo, a los 8.900 puntos en una jornada de escasa información macroeconómica, solo destacando el índice manufacturero del Empire State. El selectivo español sigue la estela bajista dejada por las bolsas asiáticas en medio de las tensiones geopolíticas.
This company turns your loved one’s ashes into beautiful pebbles
The old phrase “ashes to ashes, dust to dust” may need a makeover.
Parting Stone is a “death tech” startup that can turn the cremated remains of your loved ones into “solidified remains” that resemble smooth, stone-like objects but are in fact almost 100% ashes. Self-described as the first company to provide such a complete alternative to ashes, Parting Stone allows for a more meaningful experience that can be held comfortably, shared with others, displayed, or even scattered. It also fits into an ever-growing death care industry—expected to be worth about $68 billion by 2025— that is increasingly catering to the desire for more personalized, meaningful, and often sustainable ways to honor the departed.
[Photo: Courtesy Parting Stone]Parting Stone’s patent-pending technology was developed with ceramic engineer Chris Chen of Los Alamos National Laboratory. It involves a few simple steps following cremation. After arriving at the Parting Stone lab in Santa Fe, New Mexico, the full amount of cremated remains is refined through a milling process that turns the ashes “from a granular consistency to a really fine powder,” explains founder Justin Crowe. After that, a small amount of water and a “glass-like binder” helps turn the powder into a clay-like substance that is formed and placed in a kiln before being polished and returned to the family.
Typically, the remains from an average adult weigh about 4 to 8 pounds, or what Crowe says equates to about 10 cups. “All we do is take that material and compress it into solids,” he says. In the end, the family gets between 40 and 60 stones. Sizes vary from that of a thumbnail to the size of your palm, and colors range from one person to the next, from white to light-green hues, with the occasional deep blues, chocolate browns, or even lavender with speckles of blue.
[Photo: Courtesy Parting Stone]Crowe says these colors are completely natural and not at all influenced by the firing process. The company is doing research to identify the reasons, but Crowe’s team has a few theories that range from the medication people were taking, to their diet and lifestyle, to medical implants they may have had.
Parting Stone officially launched in 2019, but Crowe came up with the idea in 2014 when his grandfather passed away. “That was the first death in my life,” he says, adding that “his remains felt meaningless. I wanted to feel a connection with them, but I didn’t want to look at them.”
After that, Crowe set out to understand other people’s experiences with death and loss. Typically, cremated remains come in a bag, and Crowe quickly realized this level of care doesn’t match the love people have for those they’ve lost. “We don’t accept this experience in any other part of modern life. Why are we accepting it for people we love?” he says.
In 2017, about 55% of bodies in the U.S. were cremated rather than buried, and according to the Cremation Association of North America, the number of people choosing cremation over burial is predicted to rise to 60.7% by 2024. Meanwhile, about 25% of the U.S. population, or 75 million Americans, choose to keep the cremated remains of their loved ones in their homes. Those people, Crowe says, “they get it.”
[Photo: Courtesy Parting Stone]When a family chooses the urn, Crowe says, “what they get is the end of the experience.” With Parting Stone, “it’s the beginning of their experience,” he notes, referencing the sheer portability of the stones, and how easy it is to share them with friends or other family members. “It’s a canvas for the experience, not the experience itself.”
That experience costs $695 for adults, and around $300 for pets. Compared to an urn, the service is costlier, but Crowe believes that a collection of stones provides a more meaningful connection. “The trend that is clear right now is that people want death to feel personalized,” he says.
In the last decade, this quest for more meaningful, alternative solutions to traditional burial and cremation has translated into a multimillion-dollar industry and a sea of death tech startups. Ashes can now be repurposed into diamonds, pressed into vinyl records, or even scattered into fireworks. A more down-to-earth experience involves spreading the ashes under a redwood tree in a 20-acre forest.
[Photo: Courtesy Parting Stone]Parting Stone is a public benefit corporation, whereby a company’s very purpose is to combine for-profit services with the pursuit of social good. In 2019, the company received a $100,000 grant from the Los Alamos National Laboratory to study the environmental impact of scattering stones compared to ashes. Conclusive results should be ready next January, but initial data shows that solidified remains have a lower pH level, and therefore a lower impact on the environment, than cremated remains, which are considered highly alkaline, with a pH level close to that of ammonia.
About a third of Americans whose loved ones have chosen cremation end up scattering the ashes—and almost 20% do so at non-cemetery locations—so Parting Stone may have a meaningful impact on the environment. But for Crowe, it’s also “a matter of user experience,” he says, hinting at that dreadful moment when people don’t check the direction of the wind before scattering the ashes.
Crowe remembers an epiphany he had at a business incubator conference. “I had a stone made from human remains, and about 200 people asked me to hold it,” he says. “All we did was change the form of remains and it made them comfortable, desirable. This is a design solution.”
Should the US introduce a carbon tax?
After ten years of preparations and several delays, China is launching its national emissions trading scheme this summer (at least that is what is expected as I write this…). In the European Union and in the UK, we have a carbon emissions trading scheme in place for the biggest polluters since 2005, so that now, only the United States is missing amongst the three major blocs of greenhouse gas emitters.
And while there are several smaller schemes in place in different regions of the United States, there is still substantial uncertainty if the country as a whole will put a mandatory price on carbon either in the form of an emissions trading scheme or a carbon tax. And that may be a problem.
Here in the UK, we have just come out of a period of five years of uncertainty about the implications of Brexit. And the uncertainty about the future terms of trade with the EU has caused significant problems for the economy already. The chart below is one that I have been using for the last year or so when talking about capital expenditures of UK businesses. It shows the investment in machinery and equipment together with the pre-Brexit trend. Once the referendum was held and it became clear that the UK would leave the EU, businesses held back additional investments because they didn’t know what the future relationship with the largest export partner would look like. They continued to maintain machinery and equipment, but growth was absent for five years. And to top it all off, in 2020 a massive pandemic hit. But at least now that the UK has left the EU, it is clear what the rules are and there is a substantial investment boom in the UK which is essentially a catch-up with five years of missed investments.
Investment in machinery and equipment in the UK
a.image2.image-link.image2-550-1158 { padding-bottom: 47.49568221070812%; padding-bottom: min(47.49568221070812%, 550px); width: 100%; height: 0; } a.image2.image-link.image2-550-1158 img { max-width: 1158px; max-height: 550px; }Source: ONS
And if you ask me – and the economists at the San Francisco Fed – the uncertainty around the price of carbon is holding back investment in the United States as well. If you are running a steel mill in the United States, or a cement factory, etc. the biggest unknown for you may be the possibility of having to pay a carbon tax in the future. Your company may be able to compete with foreign makers of steel and cement if there is no carbon tax, and it may even be able to compete if there is a low price of carbon of, say $20 or $40 per tonne. But it may not be able to compete if the price of carbon is $100 per tonne. Personally, I think the price of a tonne of carbon emissions should be around $100 per tonne, but the political reality is that it will be lower in practice, no matter which party is in charge in Washington.
But the thousands of businesses that would be impacted by a carbon tax or a national emissions trading scheme don’t know what the price of carbon would be and when they would be subject to it. And given that uncertainty, projects that have too narrow a margin of safety will simply not be built and investments will be held back. And this means that by keeping businesses in limbo, the US is missing out on jobs and growth. Better to get on with it and follow the example of Europe and China where emissions trading schemes have if anything, caused domestic companies to become more efficient and productive and internationally more competitive.
Coronavirus latest: Second GSK/CureVac vaccine shows promise in animal trial
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