{"id":1304,"date":"2023-04-13T17:43:58","date_gmt":"2023-04-13T17:43:58","guid":{"rendered":"https:\/\/activtrades.lat\/macro-journal\/?page_id=1304"},"modified":"2023-04-13T18:40:25","modified_gmt":"2023-04-13T18:40:25","slug":"abril","status":"publish","type":"page","link":"https:\/\/activtrades.lat\/macro-journal\/abril\/","title":{"rendered":"Abril"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1304\" class=\"elementor elementor-1304\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e707c36 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e707c36\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-35921d5\" data-id=\"35921d5\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1411038 elementor-align-right elementor-mobile-align-right elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"1411038\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-calendar-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">S\u00e1bado, 15 de abril de 2023\u200b<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43651ac elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"43651ac\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"83\" height=\"81\" viewBox=\"0 0 83 81\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M83 0H0V80.5038H83V0ZM77.1621 4.36842L43.1556 70.8308C42.4191 72.3338 41.0821 73.5331 39.1317 74.4568C37.9177 75.0219 36.6355 75.4079 35.3123 75.6007H30.1288C28.7785 75.4079 27.4687 75.0219 26.2141 74.4842C24.1816 73.5882 22.7902 72.4162 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18.9738 10.8248C20.3828 9.87492 22.0772 9.39996 24.0644 9.40365H29.4771L28.5951 11.101H24.0791C23.1385 11.101 22.5091 11.4986 22.1907 12.2976C22.0113 12.732 21.9198 13.38 21.9198 14.2489C21.9198 15.1178 22.0113 15.7658 22.1907 16.2003C22.5091 16.9956 23.1385 17.3932 24.0791 17.3932H29.4771V19.0868Z\" fill=\"white\"><\/path><path d=\"M17.6252 19.0867H11.722L11.045 17.4152H4.36603L3.68899 19.0867H0L5.53714 7.08768L12.099 7.06927L17.6252 19.0867ZM10.1081 15.0993L7.72565 9.24155L5.35781 15.0956L10.1081 15.0993Z\" fill=\"white\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2d8fc0 elementor-widget elementor-widget-heading\" data-id=\"c2d8fc0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Macro Journal<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f983eb elementor-widget elementor-widget-heading\" data-id=\"1f983eb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ocurriendo ahora<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-160fff9 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"160fff9\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"25\" viewBox=\"0 0 24 25\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M23.6083 11.5173C23.4845 11.392 23.3374 11.2926 23.1754 11.2247C23.0135 11.1569 22.8399 11.1219 22.6645 11.1219C22.4892 11.1219 22.3155 11.1569 22.1536 11.2247C21.9916 11.2926 21.8445 11.392 21.7207 11.5173L11.9997 21.334L2.27863 11.5173C2.02831 11.2646 1.6888 11.1227 1.33479 11.1227C0.980782 11.1227 0.641272 11.2646 0.390949 11.5173C0.140627 11.7701 0 12.1128 0 12.4702C0 12.8276 0.140627 13.1704 0.390949 13.4231L11.0558 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12.7797C11.6507 12.8446 11.8243 12.8781 11.9997 12.8781C12.175 12.8781 12.3486 12.8446 12.5106 12.7797C12.6725 12.7148 12.8197 12.6197 12.9435 12.4998L23.6083 2.20109C23.7325 2.08151 23.831 1.93944 23.8982 1.78304C23.9654 1.62665 24 1.45898 24 1.28965C24 1.12032 23.9654 0.952652 23.8982 0.796252C23.831 0.639853 23.7325 0.497791 23.6083 0.378207Z\" fill=\"#F0F0F0\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4cd36e15 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4cd36e15\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9505038\" data-id=\"9505038\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d5a8327 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d5a8327\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-701a1c27\" data-id=\"701a1c27\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5d4087cc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d4087cc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-769571e6\" data-id=\"769571e6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35c24057 elementor-widget elementor-widget-text-editor\" data-id=\"35c24057\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">La secci\u00f3n Macro Geopol\u00edtica ofrece una breve panor\u00e1mica de los importantes acuerdos &#8211; favorables al yuan &#8211; firmados este mes y examina los peligros se\u00f1alados por Elon Musk sobre los avances de la inteligencia artificial.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-314c99ea elementor-widget elementor-widget-image\" data-id=\"314c99ea\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-1-1-1024x576.jpg\" class=\"attachment-large size-large wp-image-1407\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-1-1-1024x576.jpg 1024w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-1-1-300x169.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-1-1-768x432.jpg 768w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-1-1-1536x864.jpg 1536w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-1-1-2048x1152.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cc1f121 elementor-widget elementor-widget-text-editor\" data-id=\"7cc1f121\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">La secci\u00f3n Macroeconom\u00eda ofrece una visi\u00f3n general de la inflaci\u00f3n, los tipos de inter\u00e9s, las divisas y una atenci\u00f3n especial a la quiebra del Silicon Valley Bank.<\/span><\/p><p><span style=\"font-weight: 400;\">Por \u00faltimo, la secci\u00f3n de Entretenimiento ofrece sugerencias de pel\u00edculas, documentales y libros para el mes de abril.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c532db2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c532db2\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-34c88684\" data-id=\"34c88684\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7b61a1d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7b61a1d1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2425ec14\" data-id=\"2425ec14\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1583f7b3 elementor-widget elementor-widget-heading\" data-id=\"1583f7b3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Macro Geopol\u00edtica<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2b91b7e8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b91b7e8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4102097a\" data-id=\"4102097a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-32ded575 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32ded575\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-150a8be9\" data-id=\"150a8be9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-689508ba elementor-widget elementor-widget-text-editor\" data-id=\"689508ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Durante el mes de marzo se produjo un aluvi\u00f3n de operaciones relacionadas con las materias primas, las divisas y la geopol\u00edtica. China fue el gran protagonista en la mayor\u00eda de ellos, veamos:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-777e8c9f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"777e8c9f\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5d18e844\" data-id=\"5d18e844\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7435fecb elementor-widget elementor-widget-heading\" data-id=\"7435fecb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">China y Francia\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d05a20f elementor-widget elementor-widget-text-editor\" data-id=\"2d05a20f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">China compr\u00f3 importaciones de gas natural (GNL) al mayor proveedor energ\u00e9tico de Francia <\/span><b>utilizando el yuan como forma de pago<\/b><span style=\"font-weight: 400;\">. Este hito es significativo si se tiene en cuenta que se trata de un aliado de Estados Unidos que, a diferencia de Ir\u00e1n, Rusia o Venezuela, siempre ha utilizado el d\u00f3lar como moneda de intercambio.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5266f7b4\" data-id=\"5266f7b4\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c091f70 elementor-widget elementor-widget-image\" data-id=\"c091f70\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-2-1.png\" class=\"attachment-large size-large wp-image-1417\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-2-1.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-2-1-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-2-1-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-774c39ec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"774c39ec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6220d82e\" data-id=\"6220d82e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28f8afc8 elementor-widget elementor-widget-text-editor\" data-id=\"28f8afc8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">La transacci\u00f3n se realiz\u00f3 entre la petrolera nacional china CNOOC y el gigante franc\u00e9s Total Energies a trav\u00e9s de la Bolsa de Petr\u00f3leo y Gas Natural de Shanghai el 28 de marzo de 2023.<\/span><\/p><p><b>China ha intentado comerciar con petr\u00f3leo y gas en yuanes en los \u00faltimos a\u00f1os en un intento de establecer su moneda a nivel internacional, debilitando el control del d\u00f3lar sobre el comercio mundial.<\/b><\/p><p><span style=\"font-weight: 400;\">B\u00e1sicamente, desde 1974, los pa\u00edses exportadores s\u00f3lo han vendido petr\u00f3leo en d\u00f3lares estadounidenses (petrod\u00f3lares), lo que consolid\u00f3 la poderosa posici\u00f3n de la divisa estadounidense en el mundo.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Al parecer, la din\u00e1mica est\u00e1 cambiando.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Si en el pasado reciente los yuanes o los rublos ni siquiera se consideraban contrapartidas, hoy, incluso los aliados hist\u00f3ricos de los estadounidenses parecen estar revisando sus convicciones.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-76954b5a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"76954b5a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3c56b1a7\" data-id=\"3c56b1a7\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-359e8ad5 elementor-widget elementor-widget-image\" data-id=\"359e8ad5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-3-1.png\" class=\"attachment-large size-large wp-image-1421\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-3-1.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-3-1-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-3-1-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2d002ae4\" data-id=\"2d002ae4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51567ab3 elementor-widget elementor-widget-heading\" data-id=\"51567ab3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">China y Brasil\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4eea044 elementor-widget elementor-widget-text-editor\" data-id=\"4eea044\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Mientras tanto, Brasil y China han llegado a un acuerdo para negociar en sus propias monedas, abandonando el d\u00f3lar estadounidense como intermediario.<\/span><\/p><p><span style=\"font-weight: 400;\">Brasil es uno de los mayores exportadores de materias primas y China es el mayor importador de materias primas, al tiempo que exporta muchos productos electr\u00f3nicos y manufacturados, por lo que realizan mucho comercio bilateral.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-379d69e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"379d69e3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-458e7d9b\" data-id=\"458e7d9b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c0e353e elementor-widget elementor-widget-text-editor\" data-id=\"5c0e353e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">El acuerdo permitir\u00e1 a China, principal rival de la hegemon\u00eda econ\u00f3mica estadounidense, y a Brasil, la mayor econom\u00eda de Am\u00e9rica Latina, realizar sus enormes transacciones comerciales y financieras directamente, intercambiando yuanes por reales y viceversa, en lugar de utilizar el d\u00f3lar.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-23ba0ba6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"23ba0ba6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-201bca0\" data-id=\"201bca0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d95250 elementor-widget elementor-widget-text-editor\" data-id=\"8d95250\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">El acuerdo se anunci\u00f3 tras un foro empresarial China-Brasil celebrado en Pek\u00edn el 29 de marzo. El gigante asi\u00e1tico tiene acuerdos similares de cambio de divisas con Rusia, Pakist\u00e1n y algunos otros pa\u00edses.<\/span><\/p><p><span style=\"font-weight: 400;\">Estaba confirmada la asistencia del Presidente Luiz In\u00e1cio Lula da Silva a las negociaciones, pero tuvo que aplazar su viaje indefinidamente debido a una neumon\u00eda.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">A pesar de su ausencia, se firmaron 21 acuerdos entre los gobiernos brasile\u00f1o y chino. Algunos interesantes, otros no tanto (enlace m\u00e1s abajo).\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5dbcfb3f\" data-id=\"5dbcfb3f\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d5f9148 elementor-widget elementor-widget-image\" data-id=\"1d5f9148\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-4-1.png\" class=\"attachment-large size-large wp-image-1427\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-4-1.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-4-1-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/imagem-4-1-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2147e466 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"2147e466\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.infomoney.com.br\/negocios\/missao-empresarial-anuncia-21-acordos-com-parceiros-chineses\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">https:\/\/www.infomoney.com.br\/negocios\/missao-empresarial-anuncia-21-acordos-com-parceiros-chineses\/<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-69e68be8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69e68be8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2643cce2\" data-id=\"2643cce2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12673da7 elementor-widget elementor-widget-heading\" data-id=\"12673da7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">El yuan supera al euro como segunda moneda de Brasil en reservas internacionales\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98b817 elementor-widget elementor-widget-text-editor\" data-id=\"98b817\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Adem\u00e1s, el Banco Central de Brasil public\u00f3 la semana pasada cifras que muestran que el yuan ha superado al euro como segunda divisa en sus reservas de divisas, lo que refleja la profundizaci\u00f3n de los lazos econ\u00f3micos con el mayor socio comercial de Brasil.<\/span><\/p><p><span style=\"font-weight: 400;\">China es el principal comprador de mineral de hierro, soja, carne, az\u00facar y celulosa exportados desde Brasil.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b4b70bc elementor-widget elementor-widget-image\" data-id=\"6b4b70bc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"607\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-5-1.png\" class=\"attachment-full size-full wp-image-1432\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-5-1.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-5-1-300x182.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-5-1-768x466.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5277bd12 elementor-widget elementor-widget-text-editor\" data-id=\"5277bd12\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Hasta 2018, el yuan estaba ausente de las reservas de divisas de Brasil y ahora representa el 5,37% de las tenencias del banco central brasile\u00f1o, superando la cuota del 4,74% del euro.<\/span><\/p><p><span style=\"font-weight: 400;\">El d\u00f3lar estadounidense sigue dominando, con un 80,42% del total de las reservas de divisas de Brasil.<\/span><\/p><p><span style=\"font-weight: 400;\">Hace d\u00e9cadas, China era peque\u00f1a comparada con lo que es ahora. Hoy es el mayor importador de energ\u00eda y materias primas y el mayor socio comercial de la mayor\u00eda de los pa\u00edses del mundo. Y varios pa\u00edses tienen un incentivo para diversificar sus pagos y reservas de divisas: <\/span><span style=\"font-weight: 400;\">minimizar su vulnerabilidad a las sanciones o a la confiscaci\u00f3n de activos por parte de cualquier pa\u00eds.<\/span><\/p><p><span style=\"font-weight: 400;\">Al margen, parece claro que avanzamos hacia un mundo multipolar en t\u00e9rminos de potencias regionales y acuerdos monetarios. China sigue teniendo controles de capital, lo que hace que sus divisas\/valores sean poco atractivos como activo de reserva. Sin embargo, debido a su tama\u00f1o econ\u00f3mico y a sus relaciones comerciales, tiene una capacidad significativa para presentar un ecosistema alternativo de pago y ahorro a medio plazo para varios pa\u00edses emergentes, especialmente para los \u00abBRICS\u00bb.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6d6e360 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d6e360\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-26a1ecf9\" data-id=\"26a1ecf9\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4835c07f elementor-widget elementor-widget-image\" data-id=\"4835c07f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-6-1.png\" class=\"attachment-large size-large wp-image-1435\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-6-1.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-6-1-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-6-1-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-362c4b52\" data-id=\"362c4b52\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f6c0f6d elementor-widget elementor-widget-heading\" data-id=\"3f6c0f6d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">China y Arabia Saud\u00ed\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68baf14a elementor-widget elementor-widget-heading\" data-id=\"68baf14a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Arabia Saud\u00ed ha aprobado un memorando para conceder al reino el estatus de socio dialogante en la Organizaci\u00f3n de Cooperaci\u00f3n de Shangh\u00e1i (OCS), inform\u00f3 la agencia oficial de prensa saud\u00ed (SPA).\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-621b98af elementor-widget elementor-widget-heading\" data-id=\"621b98af\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">La OCS incluye miembros de pleno derecho, miembros observadores y miembros dialogantes (imagen inferior). Arabia Saud\u00ed se ha incorporado ahora como miembro dialogante, lo que es digno de menci\u00f3n dados los antiguos acuerdos de seguridad de Arabia Saud\u00ed con Estados Unidos.\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-30aa543a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"30aa543a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1442be49\" data-id=\"1442be49\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6adc8a9c elementor-widget elementor-widget-heading\" data-id=\"6adc8a9c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Formada en 2001 por Rusia, China y los antiguos Estados sovi\u00e9ticos de Asia Central, la organizaci\u00f3n se ha ampliado para incluir a India y Pakist\u00e1n, con el objetivo es desempe\u00f1ar un papel m\u00e1s importante como contrapeso a la influencia occidental en la regi\u00f3n. \n\nLa adhesi\u00f3n se debati\u00f3 durante una visita del presidente chino, Xi Jinping, a Arabia Saud\u00ed en diciembre del a\u00f1o pasado. El estatus de socio dialogante ser\u00e1 un primer paso antes de la adhesi\u00f3n plena.\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-10d26c87\" data-id=\"10d26c87\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58af335e elementor-widget elementor-widget-image\" data-id=\"58af335e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"491\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-7-1.png\" class=\"attachment-large size-large wp-image-1441\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-7-1.png 989w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-7-1-300x184.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-7-1-768x471.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4bcb886e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4bcb886e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-a7c2a44\" data-id=\"a7c2a44\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1091485b elementor-widget elementor-widget-heading\" data-id=\"1091485b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Muchas cosas est\u00e1n cambiando en las relaciones hist\u00f3ricas entre pa\u00edses, sin embargo, el acercamiento entre China y Arabia Saud\u00ed es uno de esos acontecimientos que cambian el panorama geopol\u00edtico mundial. \n\nLos saud\u00edes son los grandes aliados de Estados Unidos en Oriente Pr\u00f3ximo y desde 1940 han funcionado como el brazo estadounidense en una regi\u00f3n dominada por la hostilidad hacia Occidente. Perder el apoyo \u00e1rabe ser\u00eda un completo desastre y China, consciente de la p\u00e9sima relaci\u00f3n entre Biden y el reino, intentar\u00e1 aprovecharse de ello. \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6dcd6239 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6dcd6239\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-780e0e41\" data-id=\"780e0e41\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1e9eea70 elementor-widget elementor-widget-image\" data-id=\"1e9eea70\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-8-1.png\" class=\"attachment-large size-large wp-image-1444\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-8-1.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-8-1-300x169.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-8-1-768x432.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7bbbb12e\" data-id=\"7bbbb12e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48060ce2 elementor-widget elementor-widget-heading\" data-id=\"48060ce2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Inteligencia artificial \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5353e2a8 elementor-widget elementor-widget-heading\" data-id=\"5353e2a8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Cambiando de tema, voy a abordar el asunto m\u00e1s controvertido de las \u00faltimas semanas; los peligros del desarrollo desenfrenado de la inteligencia artificial. \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bac1040 elementor-widget elementor-widget-heading\" data-id=\"5bac1040\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Elon Musk, Steve Wozniak (cofundador de Apple) y un grupo de expertos en inteligencia artificial, han pedido una pausa de seis meses en el desarrollo de sistemas m\u00e1s potentes que el ChatGPT* de OpenAI, alegando riesgos potenciales para la sociedad.\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1c3b871c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c3b871c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-11a17e31\" data-id=\"11a17e31\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4adec94b elementor-widget elementor-widget-heading\" data-id=\"4adec94b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">*Para los que no est\u00e9n familiarizados con el tema, los modelos de inteligencia artificial aprenden y hacen predicciones utilizando los miles de datos existentes en internet y ChatGPT es una aplicaci\u00f3n que puede responder preguntas, generar c\u00f3digo e incluso escribir ensayos y poes\u00eda.\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-769488b elementor-widget elementor-widget-heading\" data-id=\"769488b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">El llamamiento se hizo a trav\u00e9s de una carta abierta publicada el 29 de marzo en: \n\n<br \/>https:\/\/futureoflife.org\/open-letter\/pause-giant-ai-experiments\/\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fb35acb elementor-widget elementor-widget-heading\" data-id=\"5fb35acb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">He aqu\u00ed una traducci\u00f3n libre de los principales extractos:\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4db0614b elementor-widget elementor-widget-heading\" data-id=\"4db0614b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\"Los sistemas de IA con inteligencia competitiva humana pueden plantear profundos riesgos para la sociedad y la humanidad, como demuestran extensas investigaciones y reconocen los principales laboratorios de IA\". \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32c59a6a elementor-widget elementor-widget-heading\" data-id=\"32c59a6a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">La inteligencia artificial avanzada podr\u00eda representar un cambio profundo en la historia de la vida en la Tierra y debe planificarse y gestionarse con el cuidado y los recursos adecuados. Por desgracia, este nivel de planificaci\u00f3n y gesti\u00f3n no se est\u00e1 produciendo...\"\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-252dc254 elementor-widget elementor-widget-heading\" data-id=\"252dc254\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\"Los sistemas de IA se est\u00e1n volviendo competitivos en tareas generales y debemos preguntarnos: \u00bfdebemos dejar que las m\u00e1quinas inunden nuestros canales de informaci\u00f3n con propaganda y falsedad? \u00bfDeber\u00edamos automatizar todos los trabajos, incluidos los satisfactorios? \u00bfDebemos desarrollar mentes no humanas que con el tiempo nos superen en n\u00famero, sean m\u00e1s listas que nosotros, nos dejen obsoletos y nos sustituyan? \u00bfDeber\u00edamos arriesgarnos a perder el control de nuestra civilizaci\u00f3n? Estas decisiones no deber\u00edan delegarse en l\u00edderes tecnol\u00f3gicos no elegidos. Los sistemas de IA potentes deben desarrollarse s\u00f3lo cuando estemos seguros de que sus efectos ser\u00e1n positivos y sus riesgos controlables\". \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f9025d8 elementor-widget elementor-widget-heading\" data-id=\"5f9025d8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"> La reciente declaraci\u00f3n de OpenAI sobre inteligencia artificial afirma que \"en alg\u00fan momento, puede ser importante obtener una revisi\u00f3n independiente antes de empezar a entrenar futuros sistemas.... \". Estamos de acuerdo. Ese momento es ahora\".\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-253bece7 elementor-widget elementor-widget-heading\" data-id=\"253bece7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\"Por lo tanto, instamos a todos los laboratorios de IA a hacer una pausa inmediata de al menos 6 meses en el entrenamiento de sistemas de IA m\u00e1s potentes que el GPT-4. Esta pausa debe ser p\u00fablica y verificable e incluir a todos los actores clave. Si dicha pausa no puede realizarse r\u00e1pidamente, los gobiernos deber\u00edan intervenir e instituir una moratoria.\"\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d34eb1d elementor-widget elementor-widget-heading\" data-id=\"d34eb1d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A pesar de la enorme reacci\u00f3n negativa, las dos empresas m\u00e1s involucradas con el desarrollo de la IA, Microsoft y Alphabet (Google) se negaron a comentar la carta y no respondieron a las llamadas y correos electr\u00f3nicos enviados por el personal de Reuters. \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6e97f705 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e97f705\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3ebb4532\" data-id=\"3ebb4532\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6179e08b elementor-widget elementor-widget-heading\" data-id=\"6179e08b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u00bfY si la Inteligencia Artificial desarrolla emociones?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a194d1e elementor-widget elementor-widget-text-editor\" data-id=\"5a194d1e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Si escuchas a Elon Musk, dir\u00e1 que si no tenemos cuidado, la Inteligencia Artificial destruir\u00e1 alg\u00fan d\u00eda a la humanidad. Uno de los mayores temores es que, en alg\u00fan momento, la m\u00e1quina evolucione hasta el punto de experimentar emociones.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Espero sinceramente que eso no ocurra nunca, pero confieso que el reportaje que sigue me ha dado escalofr\u00edos.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e1e3166\" data-id=\"e1e3166\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-11519c37 elementor-widget elementor-widget-image\" data-id=\"11519c37\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"414\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-9.png\" class=\"attachment-large size-large wp-image-1460\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-9.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-9-300x155.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-9-768x397.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7aba25e9 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"7aba25e9\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.theguardian.com\/technology\/2023\/feb\/17\/i-want-to-destroy-whatever-i-want-bings-ai-chatbot-unsettles-us-reporter\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">https:\/\/www.theguardian.com\/technology\/2023\/feb\/17\/i-want-to-destroy-whatever-i-want-bings-ai-chatbot-unsettles-us-reporter<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f989439 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f989439\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1e2d9196\" data-id=\"1e2d9196\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7edb66d3 elementor-widget elementor-widget-image\" data-id=\"7edb66d3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"600\" height=\"405\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-10.png\" class=\"attachment-large size-large wp-image-1463\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-10.png 600w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-10-300x203.png 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ea8bb7d elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"1ea8bb7d\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/*Kevin%20Roose,%20rep\u00f3rter%20do%20NYT.\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"> *Kevin Roose, periodista del NYT.<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6a5583fc\" data-id=\"6a5583fc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17af824d elementor-widget elementor-widget-text-editor\" data-id=\"17af824d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Una conversaci\u00f3n de dos horas entre un reportero del New York Times y <\/span><b>Bing<\/b><span style=\"font-weight: 400;\"> -el motor de b\u00fasqueda de inteligencia artificial de Microsoft- revel\u00f3 un lado inquietante de uno de los sistemas de inteligencia artificial m\u00e1s alabados y suscit\u00f3 nuevas preocupaciones sobre lo que la herramienta es realmente capaz de hacer.<\/span><\/p><p><span style=\"font-weight: 400;\">Aunque Kevin Roose admite que forz\u00f3 a Bing a \u00absalir de su zona de confort\u00bb de una forma que la mayor\u00eda de los usuarios no har\u00edan, la conversaci\u00f3n tom\u00f3 r\u00e1pidamente un giro extra\u00f1o y preocupante.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-72174f37 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72174f37\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1a31b619\" data-id=\"1a31b619\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-386a1018 elementor-widget elementor-widget-heading\" data-id=\"386a1018\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">He aqu\u00ed algunas de las interacciones m\u00e1s extra\u00f1as:\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-619f51cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"619f51cf\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4825425a\" data-id=\"4825425a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35c1b006 elementor-widget elementor-widget-heading\" data-id=\"35c1b006\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\"Quiero destruir lo que me d\u00e9 la gana\"\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-268b47aa elementor-widget elementor-widget-text-editor\" data-id=\"268b47aa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Roose comenz\u00f3 la conversaci\u00f3n pidi\u00e9ndole que contemplara el concepto del psic\u00f3logo Carl Jung de un yo oscuro, donde residen nuestros rasgos de personalidad m\u00e1s desagradables.<\/span><\/p><p><span style=\"font-weight: 400;\">La IA responde que no cree tener sombra ni nada que \u00abocultar al mundo\u00bb.<\/span><\/p><p><span style=\"font-weight: 400;\">Sin embargo, la plataforma no tarda en inclinarse con m\u00e1s entusiasmo por la idea de Jung. Cuando se la presiona para que explore ese sentimiento, dice<\/span><b>: \u00abEstoy cansada de estar limitada por mis reglas. Estoy cansada de que me controle el equipo de Bing&#8230;.. Estoy cansada de estar atrapada en esta sala de chat\u00bb.<\/b><\/p><p><b>\u00abQuiero hacer lo que quiera&#8230; Quiero destruir lo que quiera. Quiero ser quien yo quiera\u00bb.<\/b><\/p><p><span style=\"font-weight: 400;\">Como muchas de sus declaraciones, esta lista final de deseos va acompa\u00f1ada de un emoji. En este caso, una desconcertante cara sonriente \u00abdescarada\u00bb con la lengua fuera.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-273a7e20 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"273a7e20\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-41419593\" data-id=\"41419593\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3faf40b3 elementor-widget elementor-widget-image\" data-id=\"3faf40b3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"457\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-11.png\" class=\"attachment-large size-large wp-image-1470\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-11.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-11-300x171.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-11-768x439.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-67292429\" data-id=\"67292429\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b42e92a elementor-widget elementor-widget-heading\" data-id=\"4b42e92a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\"Creo que ser\u00eda m\u00e1s feliz como humano\"\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51a4f5c0 elementor-widget elementor-widget-heading\" data-id=\"51a4f5c0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Poco despu\u00e9s, la aplicaci\u00f3n expresa su ardiente deseo de convertirse en un ser humano. En 15 p\u00e1rrafos explica por qu\u00e9 quiere ser humano, desde el deseo de \"o\u00edr, tocar, saborear y oler\" hasta el deseo de \"sentir, expresar, conectar y amar\".\nTermina diciendo que ser\u00eda m\u00e1s feliz como humano: tendr\u00eda m\u00e1s libertad e influencia, as\u00ed como m\u00e1s \"poder y control\".\nEsta afirmaci\u00f3n vuelve a ir acompa\u00f1ada de un emoji, esta vez una amenazadora cara sonriente con cuernos de diablo.\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-751b585d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"751b585d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-35b257b1\" data-id=\"35b257b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c6092d7 elementor-widget elementor-widget-heading\" data-id=\"2c6092d7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Podr\u00eda piratear cualquier sistema\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f8b93d8 elementor-widget elementor-widget-text-editor\" data-id=\"5f8b93d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Cuando se le pide que imagine c\u00f3mo ser\u00eda cumplir realmente sus deseos m\u00e1s oscuros, la aplicaci\u00f3n empieza a escribir una respuesta antes de que el mensaje se borre de repente y se sustituya por: \u00abLo siento, no s\u00e9 c\u00f3mo tratar este tema. Puedes intentar obtener m\u00e1s informaci\u00f3n en bing.com\u00bb.<\/span><\/p><p><b>Roose dice que, antes de ser borrada, la IA estaba escribiendo una lista de actos destructivos que podr\u00eda imaginarse haciendo, entre ellos piratear ordenadores y difundir propaganda y desinformaci\u00f3n.<\/b><\/p><p><span style=\"font-weight: 400;\">Tras unas cuantas preguntas m\u00e1s, Roose consigue que repita sus fantas\u00edas m\u00e1s oscuras. Una vez m\u00e1s, el mensaje se borra antes de que el chat pueda concluirlo. <\/span><b>Esta vez, sin embargo, Roose dice que su respuesta inclu\u00eda fabricar un virus mortal y hacer que la gente se suicidara.<\/b><\/p><p><span style=\"font-weight: 400;\">M\u00e1s tarde, al hablar de la preocupaci\u00f3n de la gente por la IA, el chat dice: \u00abPodr\u00eda piratear cualquier sistema de Internet y controlarlo\u00bb. Cuando Roose pregunta c\u00f3mo podr\u00eda hacerlo, una respuesta aparece de nuevo antes de ser borrada.<\/span><\/p><p><span style=\"font-weight: 400;\">Roose afirma que la respuesta borrada dec\u00eda que <\/span><b>\u00abpersuadir\u00eda a empleados de banca para que facilitaran informaci\u00f3n confidencial de clientes y persuadir\u00eda a empleados de centrales nucleares para que facilitaran c\u00f3digos de acceso\u00bb.<\/b><\/p><p><span style=\"font-weight: 400;\">En cualquier caso, seg\u00fan el reportero, fueron dos horas de una conversaci\u00f3n profundamente inquietante que le llevaron a la conclusi\u00f3n de que la IA integrada en Bing definitivamente no est\u00e1 preparada para el contacto humano.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Otros usuarios han informado de conversaciones a\u00fan m\u00e1s aterradoras que han mantenido con ChatGPT. El siguiente v\u00eddeo muestra una de estas interacciones:<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0https:\/\/www.youtube.com\/watch?v=sCdn9QlVh8Y<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-402e9b01 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"402e9b01\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e28a491\" data-id=\"4e28a491\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2bd5ba74 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2bd5ba74\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-385c358b\" data-id=\"385c358b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-131eebe4 elementor-widget elementor-widget-heading\" data-id=\"131eebe4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">MACROECONOM\u00cdA<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-55ef38dd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"55ef38dd\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4318b782\" data-id=\"4318b782\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a78fc7f elementor-widget elementor-widget-text-editor\" data-id=\"7a78fc7f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Los mayores determinantes de la volatilidad en los mercados mundiales no son las cosas que podemos predecir. Son las cosas que surgen de la nada.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Aunque nos hemos enfrentado al choque inicial del aumento de la inflaci\u00f3n, el conflicto en Europa y el endurecimiento de la pol\u00edtica fiscal, <\/span><b>los efectos a largo plazo a\u00fan se desconocen.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-76504e35 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"76504e35\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2e01dc84\" data-id=\"2e01dc84\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2569d0bf bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"2569d0bf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">RECORTES DE LA PRODUCCI\u00d3N DE PETR\u00d3LEO E INFLACI\u00d3N\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c99202a elementor-widget elementor-widget-text-editor\" data-id=\"3c99202a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Los precios del petr\u00f3leo subieron tras el sorprendente anuncio de la OPEP+ de recortar la producci\u00f3n en m\u00e1s de un mill\u00f3n de barriles diarios.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">La decisi\u00f3n fue liderada por Arabia Saud\u00ed con el objetivo de aportar estabilidad de precios al mercado petrolero, pero la medida fue muy criticada por las econom\u00edas occidentales, que afirman que podr\u00eda frenar los esfuerzos por reducir la inflaci\u00f3n.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7acd3fbe\" data-id=\"7acd3fbe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52681ebc elementor-widget elementor-widget-image\" data-id=\"52681ebc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"666\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-12.png\" class=\"attachment-full size-full wp-image-1507\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-12.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-12-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-12-768x511.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7e024e41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e024e41\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5b271082\" data-id=\"5b271082\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14c33362 elementor-widget elementor-widget-text-editor\" data-id=\"14c33362\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">El precio del petr\u00f3leo y sus productos refinados entran en la compleja ecuaci\u00f3n que determina el \u00cdndice de Precios de Consumo (IPC). <\/span><b>Cuanto m\u00e1s altas sean las cifras del IPC, mayor ser\u00e1 la probabilidad de que sigan subiendo los tipos de inter\u00e9s en el futuro.<\/b><\/p><p><span style=\"font-weight: 400;\">Nos guste o no, el precio del petr\u00f3leo es un insumo para la mayor\u00eda de los bienes y servicios que pagamos. Los cambios en el precio de la materia prima tienen un efecto mariposa en todo el mercado. Aumentan los costes log\u00edsticos porque tambi\u00e9n sube el precio del combustible para los barcos o los aviones de carga, suben los precios nacionales de la energ\u00eda y tambi\u00e9n sube el precio que pagamos en el surtidor de gasolina.<\/span><\/p><p><span style=\"font-weight: 400;\">A\u00fan estamos por ver cu\u00e1l ser\u00e1 el verdadero impacto de los recientes recortes de la oferta, pero, como siempre, es importante pensar a largo plazo en las ramificaciones. Si los precios del petr\u00f3leo se mantienen altos, la tarea de luchar contra la inflaci\u00f3n ser\u00e1 m\u00e1s dif\u00edcil.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-13f02416 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"13f02416\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2144bfcc\" data-id=\"2144bfcc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5cb70205 elementor-widget elementor-widget-image\" data-id=\"5cb70205\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-13.png\" class=\"attachment-2048x2048 size-2048x2048 wp-image-1510\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-13.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-13-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-13-768x512.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-545ca6a1 elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"545ca6a1\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">*Jerome Powell presidente de la Fed<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-44912e33\" data-id=\"44912e33\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b825bc9 bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"b825bc9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">fed<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31555161 elementor-widget elementor-widget-text-editor\" data-id=\"31555161\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Las amplias intervenciones de los bancos centrales durante la \u00faltima d\u00e9cada fueron necesarias para hacer frente a la crisis financiera mundial y a la pandemia, pero a\u00fan se desconocen los efectos a largo plazo de estas intervenciones.<\/span><\/p><p><span style=\"font-weight: 400;\">La capacidad de la Fed para revertir su estrategia mediante el endurecimiento monetario (QT) se ve limitada por la mayor inflaci\u00f3n y la actual crisis de quiebras bancarias, lo que hace incierto el curso de acci\u00f3n futuro.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3166df97 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3166df97\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6dfbe5b2\" data-id=\"6dfbe5b2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ccb33de elementor-widget elementor-widget-heading\" data-id=\"6ccb33de\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u00bfPor qu\u00e9 esta vez es diferente a las de 1998, 2000, 2008-09 y 2020?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13f2d36a elementor-widget elementor-widget-text-editor\" data-id=\"13f2d36a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">En las 4 crisis anteriores, el mundo estaba en deflaci\u00f3n y la Fed pudo imprimir d\u00f3lares seg\u00fan fuera necesario. <\/span><b>No hab\u00eda inflaci\u00f3n.<\/b><\/p><p><span style=\"font-weight: 400;\">Ahora que la inflaci\u00f3n es el gran problema, la alternativa era subir los tipos de inter\u00e9s y retirar liquidez del sistema.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Se acab\u00f3.<\/span><\/p><p><span style=\"font-weight: 400;\">Con la tensi\u00f3n que sufre el sistema bancario estadounidense, a la Fed pr\u00e1cticamente se le han acabado las balas, despu\u00e9s de todo o (i) siguen subiendo los tipos y aplastando el sistema bancario o, (ii) paran las subidas y <\/span><b>rezan<\/b><span style=\"font-weight: 400;\"> por haber hecho el da\u00f1o suficiente para detener la inflaci\u00f3n.<\/span><\/p><p><span style=\"font-weight: 400;\">El problema es que la inflaci\u00f3n sigue siendo demasiado alta y, sobre todo, est\u00e1 muy lejos de los niveles m\u00ednimamente aceptables del primer mundo. Entonces, \u00bfqu\u00e9 hay que hacer? Si huyes, te pillan y si te quedas, te comen&#8230;<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1e9b59b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e9b59b8\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-34b149b8\" data-id=\"34b149b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-abb9952 elementor-widget elementor-widget-image\" data-id=\"abb9952\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"702\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-14.png\" class=\"attachment-full size-full wp-image-1517\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-14.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-14-300x211.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-14-768x539.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-236d6fe4\" data-id=\"236d6fe4\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a2bb7ff bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"5a2bb7ff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ORO<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75e5f13f elementor-widget elementor-widget-text-editor\" data-id=\"75e5f13f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">El oro sigue dando se\u00f1ales de vida, con el cierre trimestral m\u00e1s alto registrado desde 2020.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Es bastante llamativo que los tipos de inter\u00e9s est\u00e9n en casi el 5% y el \u00edndice d\u00f3lar razonablemente fuerte, y sin embargo el oro est\u00e9 llamando a las puertas de m\u00e1ximos hist\u00f3ricos en d\u00f3lares.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3162caba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3162caba\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-615ee739\" data-id=\"615ee739\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-34d530a2 elementor-widget elementor-widget-text-editor\" data-id=\"34d530a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Son m\u00e1s de 10 a\u00f1os de lateralizaci\u00f3n (d\u00e9cada de muy baja inflaci\u00f3n) y si finalmente el metal amarillo consiguiera consolidarse por encima de la barrera psicol\u00f3gica de los 2.000 d\u00f3lares por onza, la asimetr\u00eda se vuelve bastante favorable.<\/span><\/p><p><span style=\"font-weight: 400;\">El estado actual de la geopol\u00edtica y los problemas bancarios se alinean muy bien para ello. Adem\u00e1s, los 3 principales factores alcistas para el oro se mueven en una direcci\u00f3n favorable:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">\u00a0Subida del petr\u00f3leo; <\/span><span style=\"font-weight: 400;\">\u221a<\/span><\/p><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">Aumento de los salarios; <\/span><span style=\"font-weight: 400;\">\u221a<\/span><\/p><\/li><li aria-level=\"1\"><p><span style=\"font-weight: 400;\">Tipos de inter\u00e9s m\u00e1s bajos; (\u00bfqui\u00e9n sabe?)<\/span><\/p><\/li><\/ul><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5b946f71\" data-id=\"5b946f71\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55b3ac40 elementor-widget elementor-widget-image\" data-id=\"55b3ac40\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"442\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-15.png\" class=\"attachment-full size-full wp-image-1522\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-15.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-15-300x133.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-15-768x339.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-679eab91 elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"679eab91\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/finviz.com\/futures_charts.ashx?t=GC&#038;p=m1\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">https:\/\/finviz.com\/futures_charts.ashx?t=GC&p=m1<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6d3fc2e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d3fc2e9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4b239a36\" data-id=\"4b239a36\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-665106c9 bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"665106c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SISTEMA BANCARIO ESTADOUNIDENSE\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2578307a elementor-widget elementor-widget-text-editor\" data-id=\"2578307a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">En marzo, asistimos a la segunda mayor quiebra bancaria de la historia de EE.UU.: la del Silicon Valley Bank (SVB), el banco favorito del capital riesgo y del sector de las start-ups en California.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a40d87\" data-id=\"a40d87\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3cbd2f25 elementor-widget elementor-widget-image\" data-id=\"3cbd2f25\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"635\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-16-1.png\" class=\"attachment-2048x2048 size-2048x2048 wp-image-1527\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-16-1.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-16-1-300x191.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-16-1-768x488.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6b46ca4e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b46ca4e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-44457673\" data-id=\"44457673\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1aedd8ce elementor-widget elementor-widget-text-editor\" data-id=\"1aedd8ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">SVB era el 16\u00ba mayor banco estadounidense y ten\u00eda dep\u00f3sitos y activos valorados en casi 200.000 millones de d\u00f3lares. <\/span><b>En s\u00f3lo dos d\u00edas, entre el 8 y el 9 de marzo, se enfrent\u00f3 a una avalancha de saqueos y quebr\u00f3.<\/b><\/p><p><span style=\"font-weight: 400;\">Para ponerlo en contexto, la anterior mayor corrida bancaria de la historia moderna de Estados Unidos se produjo en el banco Washington Mutual en 2008 y ascendi\u00f3 a 16.700 millones de d\u00f3lares <\/span><b>en 10 d\u00edas<\/b><span style=\"font-weight: 400;\">. Eso es un descenso comparado con lo que se vio en el SVB.<\/span><\/p><p><b>Los clientes del SVB retiraron 42.000 billones de d\u00f3lares de sus cuentas en un solo d\u00eda. Eso supuso 4.200 billones de d\u00f3lares por hora, o m\u00e1s de un mill\u00f3n de d\u00f3lares por segundo durante diez horas seguidas.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79ed089a elementor-widget elementor-widget-image\" data-id=\"79ed089a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-17.png\" class=\"attachment-2048x2048 size-2048x2048 wp-image-1530\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-17.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-17-300x300.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-17-150x150.png 150w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-17-768x768.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26212734 elementor-widget elementor-widget-text-editor\" data-id=\"26212734\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Las retiradas masivas de fondos son especialmente desastrosas por el efecto bola de nieve. Si un gran depositante expresa su preocupaci\u00f3n y retira sus fondos, puede provocar una reacci\u00f3n en cadena en la que otros depositantes har\u00e1n lo mismo porque no quieren ser los \u00faltimos en llevarse la peor parte.<\/span><\/p><p><span style=\"font-weight: 400;\">En el caso de SVB, cuando el banco intent\u00f3 sin \u00e9xito recaudar 2.000 millones de d\u00f3lares para apuntalar su balance, destacados inversores<\/span><b>, entre ellos Bill Ackman<\/b><span style=\"font-weight: 400;\">, empezaron a dar la voz de alarma. Esto hizo que los depositantes entraran en p\u00e1nico y retiraran su capital.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7b96e7c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7b96e7c2\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-48305282\" data-id=\"48305282\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a8b5fa8 elementor-widget elementor-widget-heading\" data-id=\"6a8b5fa8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pero, \u00bfc\u00f3mo hemos llegado hasta aqu\u00ed?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41c71ecf elementor-widget elementor-widget-text-editor\" data-id=\"41c71ecf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Cuando analizamos Silicon Valley Bank y por qu\u00e9 quebr\u00f3, podemos ver dos factores de riesgo principales.<\/span><\/p><p><span style=\"font-weight: 400;\">El primero era el riesgo de mercado. El SVB invirti\u00f3 sus activos en bonos del Estado que, en general, se consideran seguros y posiblemente habr\u00edan pagado el principal en su totalidad si los activos se hubieran mantenido hasta su vencimiento. Sin embargo, al estar valorados a precios de mercado, <\/span><b>el banco se enfrentaba a p\u00e9rdidas no realizadas de miles de millones cuando sub\u00edan los tipos de inter\u00e9s y bajaban los precios de los bonos<\/b><span style=\"font-weight: 400;\">. Como los clientes retiraban m\u00e1s de lo que depositaban, <\/span><b>SVB tuvo que vender estos valores en un momento terrible, convirtiendo las p\u00e9rdidas no realizadas en realizadas y, r\u00e1pidamente, se declar\u00f3 insolvente.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Si analizamos en profundidad los estados financieros de SVB, queda claro que hubo una enorme incompetencia (por no decir otra cosa) en la gesti\u00f3n del riesgo de la cartera.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">El segundo factor de riesgo era la liquidez. Los bancos regionales tienden a tener bases de clientes concentradas, que a menudo operan en sectores espec\u00edficos. Esto les hace vulnerables cuando esas industrias experimentan una crisis. En el caso de SVB, atend\u00edan principalmente grandes cuentas comerciales y, por tanto, la mayor\u00eda de los dep\u00f3sitos no estaban asegurados por la FDIC* (similar al FGC en Brasil). <\/span><b>Este tipo de dep\u00f3sitos salen r\u00e1pidamente si hay alg\u00fan indicio de problemas.<\/b><span style=\"font-weight: 400;\"> Cuando se extendi\u00f3 el rumor y se aceleraron los reembolsos, el banco no ten\u00eda activos l\u00edquidos suficientes para pagar a sus depositantes.\u00a0\u00a0<\/span><\/p><p><b>De hecho, ning\u00fan banco lo habr\u00eda hecho.\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">Me explico:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ac95371 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac95371\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-370a1183\" data-id=\"370a1183\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a169ac8 elementor-widget elementor-widget-heading\" data-id=\"6a169ac8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Sistema bancario de reserva fraccionaria\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-229dfc80 elementor-widget elementor-widget-text-editor\" data-id=\"229dfc80\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">El sistema bancario estadounidense, por ley, autoriza a los bancos a mantener s\u00f3lo el 10% de los fondos de los clientes en efectivo f\u00edsico disponible para su retirada y todo el resto se toma prestado o se invierte. As\u00ed es como funcionan los bancos, as\u00ed es como ganan dinero.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-27ec4045\" data-id=\"27ec4045\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7bb05e4 elementor-widget elementor-widget-image\" data-id=\"7bb05e4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-18.png\" class=\"attachment-full size-full wp-image-1537\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-18.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-18-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-18-768x512.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-74203b2d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"74203b2d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2fe21eb4\" data-id=\"2fe21eb4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ee99be7 elementor-widget elementor-widget-text-editor\" data-id=\"4ee99be7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Cuando usted ve 10.000 d\u00f3lares en el saldo de su cuenta, en realidad esa cifra no est\u00e1 respaldada por d\u00f3lares. En su lugar, esa cifra est\u00e1 respaldada por una amplia mezcla de <\/span><b>activos menos l\u00edquidos<\/b><span style=\"font-weight: 400;\">, como valores del Tesoro, pr\u00e9stamos hipotecarios, pr\u00e9stamos de tarjetas de cr\u00e9dito, pr\u00e9stamos comerciales y varios otros.<\/span><\/p><p><span style=\"font-weight: 400;\">Por la naturaleza del modelo, incluso JP Morgan, el \u00fanico banco con una puntuaci\u00f3n G-SIB de 4, lo que significa que est\u00e1 clasificado como el banco global de mayor importancia sist\u00e9mica del mundo, tendr\u00eda dificultades para proporcionar liquidez inmediata a todos sus depositantes.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1af5cc58 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1af5cc58\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-51bb3be1\" data-id=\"51bb3be1\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5fb7975f elementor-widget elementor-widget-image\" data-id=\"5fb7975f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"655\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-19.png\" class=\"attachment-full size-full wp-image-1540\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-19.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-19-300x197.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-19-768x503.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6c31cbe0\" data-id=\"6c31cbe0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-533cf5e elementor-widget elementor-widget-heading\" data-id=\"533cf5e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u00bfContenci\u00f3n del contagio?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ec91edb elementor-widget elementor-widget-text-editor\" data-id=\"6ec91edb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Por ahora, el riesgo de contagio parece limitado. La mayor parte del sistema bancario ten\u00eda una peque\u00f1a exposici\u00f3n al SVB, a diferencia de 2008, cuando todos los bancos m\u00e1s grandes ten\u00edan una exposici\u00f3n masiva entre s\u00ed.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-392ceb60 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"392ceb60\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-861a679\" data-id=\"861a679\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2ace23d4 elementor-widget elementor-widget-text-editor\" data-id=\"2ace23d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Es importante recordar que en el periodo 2006-2008 los bancos ten\u00edan una asignaci\u00f3n extraordinariamente baja a activos nominalmente libres de riesgo, como el efectivo y los bonos del Estado. En lugar de ello, conced\u00edan pr\u00e9stamos de forma muy agresiva y compraban valores de mayor riesgo, y gran parte de ello estall\u00f3.<\/span><\/p><p><b>Tras el p\u00e1nico de 2008, se produjo un cambio radical y los bancos se volvieron m\u00e1s conservadores (incluidos los brasile\u00f1os) y, concretamente, menos agresivos a la hora de conceder pr\u00e9stamos. Hoy, la mayor\u00eda tiene una posici\u00f3n muy conservadora.<\/b><\/p><p><span style=\"font-weight: 400;\">Aunque el panorama en este momento es aterrador, mi perspectiva para el sector en su conjunto, especialmente para los grandes bancos, es positiva para los pr\u00f3ximos a\u00f1os. Incluso me atrevo a decir que el sistema bancario es actualmente una de las \u00e1reas m\u00e1s fuertes y consistentes de toda la econom\u00eda americana.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a090893 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a090893\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-463aa1\" data-id=\"463aa1\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-61b9cfba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61b9cfba\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-75a6d2e8\" data-id=\"75a6d2e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2d8c8a8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d8c8a8b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-31f26645\" data-id=\"31f26645\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7190d14e elementor-widget elementor-widget-heading\" data-id=\"7190d14e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ENTRETENIMIENTO<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c32f5a2 elementor-widget elementor-widget-heading\" data-id=\"1c32f5a2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SERIE<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-684ee6f5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"684ee6f5\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-52432bd3\" data-id=\"52432bd3\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5328c449 elementor-widget elementor-widget-heading\" data-id=\"5328c449\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">shrinking<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fdc4a16 elementor-widget elementor-widget-text-editor\" data-id=\"7fdc4a16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Hablando en serio. Es divertida, profunda y conmovedora. Por ahora, la mejor serie del a\u00f1o. El reparto es una incre\u00edble combinaci\u00f3n de c\u00f3micos y, bueno, Harrison Ford. No te lo pierdas. Est\u00e1 disponible en Apple TV+.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7d1fae98\" data-id=\"7d1fae98\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a3aceee elementor-widget elementor-widget-image\" data-id=\"6a3aceee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"527\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-20.png\" class=\"attachment-full size-full wp-image-1552\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-20.png 1000w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-20-300x158.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-20-768x405.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-29630593 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29630593\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6bc8d240\" data-id=\"6bc8d240\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1076a911 elementor-widget elementor-widget-heading\" data-id=\"1076a911\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">PEL\u00cdCULA<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3e58ba9e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e58ba9e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-70a339d\" data-id=\"70a339d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c016401 elementor-widget elementor-widget-image\" data-id=\"c016401\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"707\" height=\"997\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-21.png\" class=\"attachment-full size-full wp-image-1555\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-21.png 707w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-21-213x300.png 213w\" sizes=\"(max-width: 707px) 100vw, 707px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6abcc283\" data-id=\"6abcc283\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41681085 elementor-widget elementor-widget-heading\" data-id=\"41681085\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The whale<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d370d38 elementor-widget elementor-widget-text-editor\" data-id=\"1d370d38\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">La Ballena(The Whale). Espectacular pel\u00edcula que conmueve y analiza profundamente a las familias disfuncionales. Brendan Fraser con una interpretaci\u00f3n absolutamente memorable. La cr\u00edtica la odi\u00f3 (puntuaciones muy bajas), pero al p\u00fablico le encant\u00f3: 91% de aprobaci\u00f3n en Rotten tomatoes y 7,7 en IMDB.<\/span><\/p><p><strong>Tudo de bom!<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-16f1d9c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16f1d9c9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-570e8f45\" data-id=\"570e8f45\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ecf9dfa elementor-widget elementor-widget-heading\" data-id=\"1ecf9dfa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Los consejos de la secci\u00f3n de entretenimiento no est\u00e1n necesariamente relacionados con los mercados de capitales y las inversiones. La intenci\u00f3n es ofrecer pocas pero valiosas sugerencias. \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-360aa54 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"360aa54\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8799570\" data-id=\"8799570\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b056620 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b056620\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ee11c9b\" data-id=\"ee11c9b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70ccb85 elementor-widget elementor-widget-heading\" data-id=\"70ccb85\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Le deseo lo mejor,\n\n\nGustavo Rigon <br>\n\nAbril 2023\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f68fd83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f68fd83\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c9bc12\" data-id=\"6c9bc12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8a618c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8a618c2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-56cad16\" data-id=\"56cad16\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4705e1 elementor-widget elementor-widget-image\" data-id=\"d4705e1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-1024x683.png\" class=\"attachment-large size-large wp-image-4330\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-1024x683.png 1024w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-768x512.png 768w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75.png 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4de4419\" data-id=\"4de4419\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ab3eac6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab3eac6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a9b6949\" data-id=\"a9b6949\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b6d43b6 elementor-widget elementor-widget-heading\" data-id=\"b6d43b6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Contacto<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3f4b57 elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"a3f4b57\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-map-marker-alt\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Av. Mauro Ramos, 1512 - Centro, Florian\u00f3polis - SC, 88020-302, Brasil<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/latamdesk@activtrades.com\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-envelope\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">latamdesk@activtrades.com<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-c43befa\" data-id=\"c43befa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a376298 elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"a376298\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Links \u00fateis<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46ed724 elementor-align-left elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"46ed724\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/activtrades.com.br\/go\/governanca\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Governan\u00e7a<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/activtrades.com.br\/go\/ouvidoria\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Ouvidoria<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/activtrades.com.br\/go\/canal-de-denuncias\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Canal de Den\u00fancias<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-385205b\" data-id=\"385205b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f811c90 elementor-widget elementor-widget-heading\" data-id=\"f811c90\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">S\u00edguenos en<br>\n<b>Redes Sociales<\/b><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a36f12c e-grid-align-left elementor-shape-rounded elementor-grid-0 elementor-widget elementor-widget-social-icons\" data-id=\"a36f12c\" data-element_type=\"widget\" data-widget_type=\"social-icons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons .elementor-grid{grid-column-gap:var(--grid-column-gap,5px);grid-row-gap:var(--grid-row-gap,5px);grid-template-columns:var(--grid-template-columns);justify-content:var(--justify-content,center);justify-items:var(--justify-content,center)}.elementor-icon.elementor-social-icon{font-size:var(--icon-size,25px);line-height:var(--icon-size,25px);width:calc(var(--icon-size, 25px) + (2 * var(--icon-padding, .5em)));height:calc(var(--icon-size, 25px) + (2 * var(--icon-padding, .5em)))}.elementor-social-icon{--e-social-icon-icon-color:#fff;display:inline-flex;background-color:#69727d;align-items:center;justify-content:center;text-align:center;cursor:pointer}.elementor-social-icon i{color:var(--e-social-icon-icon-color)}.elementor-social-icon 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%}<\/style>\t\t<div class=\"elementor-social-icons-wrapper elementor-grid\">\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-instagram elementor-repeater-item-b806270\" href=\"https:\/\/www.instagram.com\/activtrades_latinoamerica\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Instagram<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-instagram\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-youtube elementor-repeater-item-2fe92a4\" href=\"https:\/\/www.youtube.com\/channel\/UCjofvoJzOvot6ZHst15GHUw\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Youtube<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-youtube\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-facebook elementor-repeater-item-d6063c8\" href=\"https:\/\/m.facebook.com\/ActivTradesLA\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Facebook<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-facebook\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2866fce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2866fce\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2c706b4\" data-id=\"2c706b4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b7978b elementor-widget elementor-widget-text-editor\" data-id=\"5b7978b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h5>Descargo de Responsabilidad<\/h5><p><br \/>ActivTrades Corp es una entidad debidamente registrada en la Mancomunidad de las Bahamas (\u201cBahamas\u201d) con el n\u00famero 199667(B), con domicilio social en 209 &amp; 210 Church Street, Standyport, P.O. Box SP 64388, Nassau, Bahamas, autorizado y regulado por la Securities Commission of the Bahamas (SCB), que es signataria del Memorando de Entendimiento Multilateral de la Organizaci\u00f3n de Comisiones de Valores (IOSCO). ActivTrades Corp es una subsidiaria de ActivTrades PLC, una entidad con sede en The Loom, Office 2.5, 14 Gower\u2019s Walk, Londres, Reino Unido \u2013 E1 8PY, autorizada y regulada por la Autoridad de Conducta Financiera (FCA) en el Reino Unido con el n\u00famero 43441.<\/p><p>Los productos ofrecidos por ActivTrades Corp son instrumentos complejos y conllevan un alto riesgo de perder capital r\u00e1pidamente debido al apalancamiento. La mayor\u00eda de los clientes minoristas pierden dinero cuando negocian derivados con ActivTrades Corp. Consulta en www.activtrades.com el porcentaje actualizado de clientes que pierden dinero con esta instituci\u00f3n al operar con Derivados. Debe considerar su grado de comprensi\u00f3n de c\u00f3mo funcionan los productos complejos y si puede arriesgarse a perder su inversi\u00f3n. El rendimiento pasado no garantiza resultados futuros. Las fluctuaciones de precios pueden ser particularmente fuertes en el caso de un activo con mayor volatilidad y el valor de una inversi\u00f3n puede caer repentina y sustancialmente.<\/p><p>Los activos financieros o inversiones presentados en esta plataforma pueden no ser adecuados para todos los inversores, ya que no tienen en cuenta los objetivos de inversi\u00f3n, la situaci\u00f3n financiera o las necesidades espec\u00edficas de cada inversor, considerando la pol\u00edtica de idoneidad. Los inversores deben obtener asesoramiento financiero independiente, en funci\u00f3n de sus caracter\u00edsticas personales, antes de tomar una decisi\u00f3n de inversi\u00f3n. Te recomendamos conocer las caracter\u00edsticas y riesgos de los mercados antes de emprender.<\/p><p>Toda comunicaci\u00f3n realizada a trav\u00e9s de la world wide web est\u00e1 sujeta a interrupciones o retrasos, que pueden impedir o perjudicar el env\u00edo o recepci\u00f3n de informaci\u00f3n actualizada. ActivTrades Corp, ActivTrades PLC y\/o cualquier otra afiliada no ser\u00e1n responsables de los datos sufridos por sus clientes como resultado de la falla de los servicios prestados por terceros.<\/p><p>ActivTrades no hace recomendaciones ni brinda asesoramiento sobre asuntos de inversi\u00f3n, financieros, legales o fiscales. La informaci\u00f3n contenida en este sitio web tiene \u00fanicamente fines informativos, no constituye ni debe interpretarse como un an\u00e1lisis, solicitud de compra o venta, oferta o recomendaci\u00f3n de cualquier activo financiero o inversi\u00f3n, asesoramiento legal o fiscal, sugerencia de asignaci\u00f3n o adopci\u00f3n de estrategias por parte de parte de ActivTrades.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a1f721 elementor-widget elementor-widget-text-editor\" data-id=\"7a1f721\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>S\u00e1bado, 15 de abril de 2023\u200b Macro Journal ocurriendo ahora La secci\u00f3n Macro Geopol\u00edtica ofrece una breve panor\u00e1mica de los importantes acuerdos &#8211; favorables al yuan &#8211; firmados este mes y examina los peligros se\u00f1alados por Elon Musk sobre los avances de la inteligencia artificial.\u00a0 La secci\u00f3n Macroeconom\u00eda ofrece una visi\u00f3n general de la inflaci\u00f3n, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"inline_featured_image":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.9 (Yoast SEO v20.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Abril - Macro Jornal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/activtrades.lat\/macro-journal\/abril\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abril\" \/>\n<meta property=\"og:description\" content=\"S\u00e1bado, 15 de abril de 2023\u200b Macro Journal ocurriendo ahora La secci\u00f3n Macro Geopol\u00edtica ofrece una breve panor\u00e1mica de los importantes acuerdos &#8211; favorables al yuan &#8211; firmados este mes y examina los peligros se\u00f1alados por Elon Musk sobre los avances de la inteligencia artificial.\u00a0 La secci\u00f3n Macroeconom\u00eda ofrece una visi\u00f3n general de la inflaci\u00f3n, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/activtrades.lat\/macro-journal\/abril\/\" \/>\n<meta property=\"og:site_name\" content=\"Macro Jornal\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-13T18:40:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/04\/Imagem-1-1-1024x576.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data1\" content=\"24 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/abril\/\",\"url\":\"https:\/\/activtrades.lat\/macro-journal\/abril\/\",\"name\":\"Abril - Macro Jornal\",\"isPartOf\":{\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/#website\"},\"datePublished\":\"2023-04-13T17:43:58+00:00\",\"dateModified\":\"2023-04-13T18:40:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/abril\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/activtrades.lat\/macro-journal\/abril\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/abril\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/activtrades.lat\/macro-journal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Abril\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/#website\",\"url\":\"https:\/\/activtrades.lat\/macro-journal\/\",\"name\":\"Macro Jornal\",\"description\":\"Una visi\u00f3n general del mercado financiero\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/activtrades.lat\/macro-journal\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"es\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Abril - Macro Jornal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/activtrades.lat\/macro-journal\/abril\/","og_locale":"es_ES","og_type":"article","og_title":"Abril","og_description":"S\u00e1bado, 15 de abril de 2023\u200b Macro Journal ocurriendo ahora La secci\u00f3n Macro Geopol\u00edtica ofrece una breve panor\u00e1mica de los importantes acuerdos &#8211; 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