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While I am dedicated to topics of plumbing, you can see the news in the area of comments.
Tomorrow operate with any normalcy 
Written by Carlos Lopez on July 31, 2007 with 20 comments
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We talk about global stock markets, the dollar, bonds and Euribor it is possible to end the month below the 4.5% (although the average for July will be higher).
Are the causes? The usual lately, yet another real estate crisis, subprime mortgages in the United States and the possibility of a "credit crunch". I fear that this word with the name of "snack" will start to happen a lot, just read today The Economist.
An expression that is already beginning to listen and to be tired of hearing within the next few weeks-is' credit crunch '(credit contraction), something that has always accompanied the big drops in the stock market. In addition, the collapse yesterday was compounded by sales of 'hedge funds' and other investors caught in the crisis subprime, which tried to take benefits at full speed to compensate for these losses liquidating their securities at a profit.
In the same article we read the forecast rate in that country.
The future went from discounting a probability of 47% for lower rates before the end of the year to make it safe for a 95% chance
Regarding the housing situation, sales of new homes in June in the United States recorded the largest drop since January, as reported yesterday, in a further sign that the country's housing crisis is more severe than anticipated.
As you can see, there are things very very revolts and hopefully not have to hear much the word "credit crunch" because it would be a very bad sign.
Written by Carlos Lopez on July 27, 2007 with 73 comments
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And do not talk about the time that I remind you that this is a blog on a strictly economic information (OK, I've spent here) if not of recent statements by the IMF:
The IMF warned today that the Spanish economy could experience an "overheating" to give his bellows inflation, increased by two tenths its growth forecast for the country, up by 3.8%. It also raises global growth for 2007 and 2008 by 0.3% and warned about the volatility of the stock exchanges.
Collyns explained that the IMF still expected a slowdown in Spain, especially in the property sector, but lower than anticipated
Basically, overheating becomes a synonym for "you are you going" and that is that when one is lees to buy, borrow and consume like crazy, just going up and prices at the end, all we complain.
On the other hand, we have this interesting and disturbing news: Eye with cards and consumer credit in the 'blacklist' of defaulting there are already 1.8 million Spaniards.
S ince the beginning of the year, coinciding with the recent rate rises, there has been a spike in the number of consumers included in this list, which includes loans not returned from three months following the expiration of the term
And to finish (and creating controversy) a nice video of the BBC, with interesting comments from our excelsia minister of housing, subtitled for our fellow burbuja.info.
Written by Carlos Lopez on July 26, 2007 with 71 comments
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That's what I can read at the following press release and that tells us how a family in a situation of borrowing limit, has requested the voluntary declaration of competition (the quivalente to bankruptcy), which has just been declared admissible by the judge. It is not the first time that happens (and have done so about 150 people) but is well documented.
I quote:
Declared in "bankrupt" or "suspension of payments" is a legal remedy available to any individual or family unit that is in a situation manifests itself in debt, which can not meet regularly to the payments and debts. Since its entry into force on September 1, 2004, the Bankruptcy Act of 22/2003 (of July 9, published in the Official Gazette No164) has opened up to individuals to file for insolvency through a procedure similar to that businesses follow, and that can pose a solution to a situation of prolonged economic strangulation.
The advantage of this legal form is that embargoes are stopped immediately and give a breather to dedudor.
What do you think of this? Do they have the same right to file for bankruptcy business people?
Update: And while some analysts think that oil could reach $ 100 a barrel.
Jeffrey Currie, analyst with raw materials of the highest broker-dealer in the world, said it is likely reaching the $ 95 this year unless OPEC unexpectedly increased production and inventories Juveniles are increasing the chances that the oil arrives to $ 100 a barrel.
Written by Carlos Lopez on July 25, 2007 with 57 comments
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I like that little in this mortgages are talking about months and years of euros from ESP .... short and hit the press release:
Halifax Bank, Spanish subsidiary of HBOS, has launched a mortgage with a grace period of up to 15 years and with an interest rate of 0.40% over Euribor, reported today the financial institution. The bank explained that in times like this, constant increases in market share, this product is "very attractive" for customers seeking a mortgage to those who already have it but want to get another in shortage subrogation, bringing its share will be much lower.
As an example, the entity indicates that for a mortgage of 250,000 euros to a term of 30 years, the quota would be reduced by more than 300 euros per month.
This product, called "Mortgage Extra" has up to 40 years in total and is granted time until the age of 80 years. It also does not take any commission or by opening or early cancellation by either partial or total.
On the other hand, and for which we complain veais vice, I stay with this other product: Negotiating Agency offers a mortgage to Euribor least 1.5 points.
What do you think of this type of product? Should somehow prevented the marketing of this type of mortgage that can make quite caught some uninformed or are really beneficial to both who can not pay?
Written by Carlos Lopez on July 24, 2007 with 117 comments
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