Bulls, Bears & Bucks #73 Met abseilende indices

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Salaris inleveren? Bazen vragen het steeds vaker

Ondanks het herstel van de economie vragen veel werkgevers hun personeel om salaris in te leveren of genoegen te nemen met minder gunstige arbeidsvoorwaarden. Ruim één op de tien bedrijven in Nederland vroeg haar werknemers het afgelopen jaar om genoegen te nemen met minder salaris. (bron)

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Op woensdag 1 oktober 2014 10:26 schreef piepeloi55 het volgende:

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Dit is zwaar deflatoir.

Persoonlijk zou ik liever 10% minder salaris/secundaire voorwaarden hebben, dan het ontslaan van 10% van het personeelsbestand. Maargoed, mijn uitgaven/inkomsten patroon kan dat aan. Dat geld niet voor iedereen.

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The federal government's budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama's six-year span in office, a new report said Wednesday.

The Congressional Budget Office's latest estimate shows better results than earlier projections by both CBO and the White House budget office.

It comes as Congress has mostly paused in its wrangling over the deficit in the run-up to the midterm elections next month.

Obama inherited a trillion-dollar-plus deficit after the 2008 financial crisis but that red-ink figure has improved in recent years as the economy has recovered. Last year's deficit registered at $680 billion.

The government registered deficits exceeding $1 trillion during Obama's first term, but the recovering economy has boosted revenues while Republican-imposed curbs on agency operating budgets have combined to shrink the deficit.

The Treasury Department and the White House budget office will issue an official report on the budget in the next week or so, but their findings are likely to mirror CBO's data, which is based on the daily cash flow that Treasury reports.

The good news may be temporary. CBO and budget hawks warn that the retirement of the Baby Boom generation will balloon deficits in coming years unless Washington can bridge its divides and curb the growth of expensive programs like Medicare.

The deficit hit a record $1.4 trillion in 2009 but fell to $680 billion last year. The government's budget year ended Sept. 30.

While the numbers are large, economists agree that the truest measure of the deficit is to compare it to the size of the economy. By that measure, the 2014 deficit was less than 3 percent of gross domestic product, which economists say is sustainable.

But CBO and other budget officials warn that long-term projections are unsustainable as more and more people claim Social Security and Medicare benefits. The growth in health care spending, however, is down and long-term estimates have proven unreliable.

Obama and his GOP rivals combined to curb agency budgets in 2011 and the president won a tax increase on upper-rate taxpayers last year, but any future action on the government's budget woes will likely have to wait until after this year's mid-term elections or beyond.

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DNB geeft vergunning voor nieuwe bank
De Nederlandsche Bank (DNB) heeft onlangs een bankvergunning verstrekt voor een nieuwe bank, Bunq geheten. Dit meldt de website Das Kapital.

Uit het vergunningenregister van DNB blijkt dat de vergunning op 17 september dit jaar is verleend. Een van de directeuren van Bunq is Ali Niknam, een ondernemer uit de IT-sector. Hij is eigenaar van TransIP, een bedrijf op het gebied van domeinwebhosting.

In een reactie zegt Niknam dat Bunq een 'compleet ander soort bank zal worden dan de traditionele banken'. Verder wil hij nog niet uitweiden over welke diensten de nieuwe bank zal aanbieden. 'We gaan activiteiten ontplooien waarvoor een bankvergunning nodig is', luidt zijn cryptische toelichting. En verder: 'We zijn een IT-bedrijf met een bankvergunning.'

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The U.S. economy expanded at a healthy pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.

Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a seasonally adjusted annual rate of 3.5% in the third quarter, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had forecast growth at a 3.1% pace for the quarter.

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Keep an eye on the Fed's accelerating asset sales

The U.S. monetary authorities (Fed) are stepping up the contraction of their balance sheet at a surprisingly fast pace. Since peaking at $4.07 trillion last August, the Fed's monetary base has been reduced by $259.2 billion as of the latest reserve reporting date on November 26, 2014.

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Op maandag 8 december 2014 13:54 schreef piepeloi55 het volgende:

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Op maandag 8 december 2014 14:48 schreef crashbangboom het volgende:
Zijn dat sales of houden ze die stukken simpelweg totdat ze einde looptijd zijn?

Want als ze dit soort hoeveelheden verkopen de USD toch sterker wordt, is dat wel opzienbarend, imho.

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De economie groeit volgend jaar een kwart procentpunt meer dan het Centraal Planbureau drie maanden geleden had voorzien en zal uitkomen op 1,5%. Dat komt volgens het CPB vooral door de aantrekkende koopkracht. Die is deels te danken aan de lagere brandstofprijs en doordat meer mensen werk hebben.

Bron: teletekst

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Raiffeisen, SocGen Plummet as Ruble Slide Triggers Bank Worries

Raiffeisen Bank International AG (RBI) and Societe Generale SA (GLE), the European banks with most at stake in Russia, led European lenders lower as the ruble continued its slide today, defying a surprise rate increase.

Raiffeisen fell as much as 10.3 percent to 11.40 euros in Vienna, the lowest level since it went public in 2005. Societe Generale dropped as much as 7.3 percent to 31.85 euros, hitting the lowest intraday level since August 2013. The STOXX 600 Banks index was 1.4 percent lower at 2:25 p.m. in London.

“More fundamental concerns are building over the outlook for Russia’s economy and the likely policy response,” Neil Shearing, an economist at Capital Economics in London, wrote in a note to clients. “There remains a huge amount of uncertainty at this juncture, but the key point is that there are no benign scenarios. Even if the ruble does stabilize over the coming weeks, the economic crisis facing Russia has much further to run.”

Societe Generale is the bank that has the biggest absolute exposure to Russia, at 25 billion euros ($31 billion), according to Citigroup Inc. analysts led by Kinner Lakhani. That’s equivalent to 62 percent of the Paris-based bank’s tangible equity. Raiffeisen has 15 billion euros at risk in Russia, almost twice its tangible equity, and it also has the biggest exposure to Ukraine, with 4.9 billion euros, according to Citigroup.

UniCredit, the third European bank strongly invested in the former Soviet Union, has 18 billion euros at stake in Russia, or 40 percent of its tangible book value, Citigroup said.

The ruble plunged to 80 a dollar for the first time today as investors speculated Russia will announce capital controls after the largest interest-rate increase in 16 years failed to revive confidence in the currency. The currency sank as much as 19 percent to 80.10, before trading at 78 at 3:14 p.m. in Moscow. That was the biggest drop since 1998, the year Russia defaulted on its local debt.

http://www.bloomberg.com/(...)rs-bank-worries.html

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The rise of rich man’s subprime

Securities-based lending, also known as non-purpose lending, is currently Wall Street’s hottest business. This could become a big problem for all of us.

http://fortune.com/2014/12/10/securities-based-lending-banks/

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Op woensdag 17 december 2014 11:11 schreef SeLang het volgende:

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[quote]"Once again, a seemingly unencumbered source of instant cash (read: free money) has been streamlined, productized, turned into a conveyor belt-esque enterprise, and marketed to a mass audience. Morgan Stanley’s version is actually called Express CreditLine."

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Securities-based lending, also known as non-purpose lending, is Wall Street’s hottest business. From UBS to Bank of America Merrill Lynch to JPMorgan, high net worth investors are being enticed to take out loans against their brokerage accounts at a blistering pace. A May 2014 article in The Wall Street Journal told the story of Jason Katz, a UBS broker who has arranged portfolio loans for 21 of his clients in the prior year, a four-fold jump from the year before. The Journal reported that portfolio lending jumped by 28% at UBS between 2011 and 2013.

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Op woensdag 1 oktober 2014 10:26 schreef piepeloi55 het volgende:

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Dit is zwaar deflatoir.

Persoonlijk zou ik liever 10% minder salaris/secundaire voorwaarden hebben, dan het ontslaan van 10% van het personeelsbestand. Maargoed, mijn uitgaven/inkomsten patroon kan dat aan. Dat geld niet voor iedereen.

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Op woensdag 17 december 2014 11:52 schreef Gabrunal_2013 het volgende:
Hier ook juist een 10% minder salarisaanbod gehad van 1 van mijn werkgevers. Absurd, aan de ene kant roept men dat er deflatie dreigt, aan de andere kant weigert men de lonen te verhogen, waardoor mensen minder te besteden krijgen en minder zekerheid hebbem , waardoor ze nog minder gaan uitgeven , waarna de prijzen verlaagd moeten worden etc.. etc.. . Zo kom je natuurlijk nooit uit die spiraal.

Nederland heeft baat bij forse salarisverhogingen van minimaal 10% en betere arbeidsvoorwaarden. Jammer dat de vakbonden hier nauwelijks nog macht hebben, want net als in Belgie zou hier het land ook weer eens platgelegd moeten worden.