The independence of Central Banks.
In these times we wonder if revueltos many central banks are showing they should have independence. If you act in a neutral way or the other side benefit to certain groups instead of ensuring the healthy growth of the country it controls.
The people of The Economist is a similar question: Is the Fed is politically correct or telling the truth?.
The question is more than reasonable given that a central bank does not stop being a political body, however that is independent of governments. Therefore, it can not predict a recession, even admitting that there is a possibility of that happening. In fact, the Fed has ever done, but recessions have occurred regularly.
¿Ya see the dilemma whether to admit this is a recession or not? What would admit it and take appropriate action? Is psychology perhaps one of the few tools with which account?. Imagine for a moment that the Fed or the ECB confirmed the entry into recession, the liquidity crisis that now seem to have seen a joke.
If the preamble of an oil crisis is an expensive, surely this is it, because we have the barrel price to sales, $ 99. Remember that part of this rise may be due to the weakness of the dollar (the euro is now $ 1458), which we Europeans make it so. Come on, but nothing new if somewhat scary day.
As for the Spanish economy, this confirms its desaceleeración to grow 3.8% in third quarter are less than 2 tenths in the previous quarter. This can be read twice, first we see slow but on the other side does not seem big enough to worry because we are the world supercrisis century is not it?
Turning to the recurring theme of the investments of our savings (well, basically all are recurring themes played today) attended the premiere of the biggest story of the Spanish stock market: Iberdrola Renovables. The electricity market is going to take 20% of Renewable capital through a subscription of shares (capital increase), putting a total of 844,812,980 shares at a price of between 5.3 euros and 7 euros for each title . In an environment of expensive oil, might be considered a good investment. It remains to be seen to within the price range, we want the place.
Ya see, nothing new under the sun (or rain) in the hope that there really interesting news is that I hope to read the comments.
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Loading ... Written by Carlos Lopez on November 21, 2007 with 173 comments.
(4.56 sobre 5) 
# 1, Anonymous
Hello, I wanted to ask a question to the wise: think that the IPO of Iberdrola is a good investment in the medium and long term to earn some money? What if the shares can be requested at any single bank or in which BBVA is one of the leading operation in Spain?
Thank you.