{"id":242426,"date":"2025-11-19T15:12:09","date_gmt":"2025-11-19T15:12:09","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=242426"},"modified":"2025-11-19T15:12:09","modified_gmt":"2025-11-19T15:12:09","slug":"avertismentul-analistilor-urmeaza-o-furtuna-perfecta-dar-guvernele-lumii-si-investitorii-continua-sa-priveasca-de-pe-margine-fara-sa-vina-cu-masuri-reale-de-protectie-industria-care-ar-putea-decla-2","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=242426","title":{"rendered":"Avertismentul anali\u015ftilor: Urmeaz\u0103 o furtuna perfect\u0103, dar guvernele lumii \u015fi investitorii continu\u0103 s\u0103 priveasc\u0103 de pe margine, f\u0103r\u0103 s\u0103 vin\u0103 cu m\u0103suri reale de protec\u0163ie. Industria care ar putea declan\u015fa degringolada financiar\u0103 \u015fi ar putea aduce o recesiune diferit\u0103 de tot ce s-a v\u0103zut p\u00e2n\u0103 azi"},"content":{"rendered":"

\nDe luni de zile, manageri de b\u0103nci, institu\u0163ii financiare interna\u0163ionale \u015fi anali\u015fti de top trag semnale de alarm\u0103 privind evalu\u0103rile extrem de ridicate ale companiilor americane de tehnologie. Investitorii experimenta\u0163i, care \u00een 2007\u20132009 au mizat pe sc\u0103derea pie\u0163ei imobiliare \u015fi au c\u00e2\u015ftigat sume uria\u015fe c\u00e2nd bula imobiliar\u0103 s-a spart, \u015fi-au \u00eentors acum aten\u0163ia spre ac\u0163iunile tehnologice, anticip\u00e2nd o corec\u0163ie similar\u0103. Orice sc\u0103dere, chiar \u015fi minor\u0103, a indicilor bursieri alimenteaz\u0103 astfel temerile c\u0103 pia\u0163a se afl\u0103 pe marginea unei pr\u0103bu\u015firi, potrivit The Economist.<\/p>\n

\nIndicele S&P 500 a ajuns la multipli de evaluare similari cu cei din perioada bulei dotcom, \u00eempin\u015fi \u00een sus de celebrele \u201emagnificent seven\u201d (cele mai mari \u015fapte companii din tech listate la bursa american\u0103 \u2013 n.r). Valoarea uria\u015f\u0103 a investi\u0163iilor \u00een inteligen\u0163\u0103 artificial\u0103 presupune, la r\u00e2ndul ei, o rentabilitate greu de ob\u0163inut: potrivit unei estim\u0103ri JPMorgan, companiile ar avea nevoie de venituri anuale de peste 650 mld. dolari din AI pentru a justifica cheltuielile prognozate p\u00e2n\u0103 \u00een 2030 adic\u0103 echivalentul a sute de dolari anual pentru fiecare utilizator de iPhone. Iar istoria arat\u0103 c\u0103 noile tehnologii tind s\u0103 dezam\u0103geasc\u0103 la \u00eenceput, chiar dac\u0103 pe termen lung transform\u0103 economia.<\/p>\n

\nDe\u015fi un eventual colaps bursier ar surprinde pu\u0163in\u0103 lume, consecin\u0163ele sale sunt mai pu\u0163in discutate. Spre deosebire de criza din 2008, actualul val tehnologic este finan\u0163at predominant din capital propriu, nu din datorie, iar economia real\u0103 s-a dovedit rezilient\u0103 la \u015focuri recente. Totu\u015fi, asta nu \u00eenseamn\u0103 c\u0103 un declin abrupt al pie\u0163ei ac\u0163iunilor s-ar opri la nivelul portofoliilor investitorilor.<\/p>\n

\nCiti\u0163i continuarea pe www.businessmagazin.ro<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

De luni de zile, manageri de b\u0103nci, institu\u0163ii financiare interna\u0163ionale \u015fi anali\u015fti de top trag semnale de alarm\u0103 privind evalu\u0103rile extrem de ridicate ale companiilor americane de tehnologie. Investitorii experimenta\u0163i, care \u00een 2007\u20132009 au mizat pe sc\u0103derea pie\u0163ei imobiliare \u015fi au c\u00e2\u015ftigat sume uria\u015fe c\u00e2nd bula imobiliar\u0103 s-a spart, \u015fi-au \u00eentors acum aten\u0163ia spre ac\u0163iunile […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[7734,277,342,32611,11056,16184,9,474,7633,179],"class_list":["post-242426","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-analisti","tag-avertisment","tag-continuare","tag-declansare","tag-financiar","tag-furtuna","tag-guvern","tag-industrie","tag-investitori","tag-recesiune"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/242426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242426"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/242426\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}