And after Black Friday comes ...
The black Monday, at least for the American stock markets fell yesterday to a peak. Why? As always. The truth is that after all this time, it should be somewhat clarified the issue or the crisis of subprime mortgages leads to the extinction of the human race and at the end of the world or has already passed the worst, but what can not to be is that one day everything is settled, the next round to the hysteria. Yesterday was also the bad news from Citigroup.
So in this environment are beginning to appear as doom Summers, former Treasury secretary, who expected a recession in the U.S. in 2008. Os hit a short summary of the article:
In his view, there are three pillars of the crisis that has clearly worsened in recent months.
First, the real estate market, which is in free fall.
Secondly, Summers referred to the financial crisis, which we have seen only a small part in his opinion. The ratio of embargoes will double next year as the most conservative estimates.
Third, doubts the ability of the financial system in this environment to provide the credit necessary to keep the investment.
To all this must be added the fall of the dollar, rising energy, geopolitical uncertainties and lower global growth to remain without a major importer International, USA.
Ya see, if this is a strong cocktail and not a mojito.
And as a skinny dog fleas are all coming and the IMF warns that oil will remain expensive "for some time." So I like, mojándose!. The truth is that to write this article I have taken some time and now the price has not been moved.
So pensareis with so many negative news and some pessimistic forecasts so where do you sell cyanide?. You know, money is like the subject, nor is created nor destroyed, just change hands (usually from those of our bankers) so that a 'hedge fund' to bet on the collapse of the mortgage market multiplied by 1000 profitability.
If we look locally, that in substance is what most concerns us, we see expansion in its article titled: First ravages of the housing boom.
Moreover, so far this year, Don Piso has closed more than 26 offices of its commercial network, has cut staff and reduced advertising investment. Tecnocasa, the industry leader, meanwhile, has closed 162 offices since last December, 15% of its network to stay with 890 establishments, just as it has done Farms Corral, which has reduced its network of 350 to 180 offices in the past year.
Although it seems interesting to me as follows:
Expofincas has preferred to focus its strategy of converting the agencies less profitable offices in financial intermediation, as announced on November 6 EXPANSIÓN. The group will transform Catalan fifty of its agencies in counseling offices and sales of financial products under the brand Sefi Credistore.
As you can see there is the option of Bust, paddling and subsequent closure, or to continue to work, find new niches and convert the agency into other profitable businesses.
Ya see, one day warm pulling a dark, but we do not lose hope because the law of the opposite sentiment is quite possible that happens the opposite of what is predicted.
(Unrated) 
Loading ... Written by Carlos Lopez on November 27, 2007 with 151 points.
(4.69 sobre 5) 
# 1, Frank
As I think may be of interest to many people that are here, again paste:
The Law on General State Budget for 2008 says exactly:
"Compensation Tax deduction on acquisition
Housing usual in 2007.
One. Will be entitled to the deduction governed by this provision taxpayers who acquired their usual housing prior to January 20, 2006 using external financing and can implement in 2007 the deduction for investment in housing usual
provided in Article 68.1 of Law 35/2006, of November 28, Income Tax for Individuals and partial modification of the laws of the Tax, Income and Non-Resident in Heritage, the established its habitual residence.
Two. The amount of that deduction is the sum of deductions for state and the autonomous section of the tax credit for investment in housing regular calculated as provided in the following paragraphs.
Three. The deduction for the part of the deduction for state investment in housing will be the usual positive difference between the amount of incentive theory that the taxpayer would have received in the current rules remain to December 31, 2006 and the deduction for investment in housing usually provided in Article 68.1 of the Tax Act to proceed for 2007. The amount of incentive theory is the result of applying to the amount invested in 2007 in the acquisition of housing usual rates of deduction provided for in Article 69.1.1. º b) the text of the Law of Income Tax in individuals, approved by Royal Decree Law 3 / 2004 of March 5, at its current regulations on December 31, 2006.
Four. The deduction for the autonomous stretch of the deduction for investment in housing will be the usual positive difference between the amount of incentive theory that the taxpayer would have received in the current rules remain to December 31, 2006 and the stretch of autonomic deduction for investment in housing appropriate for 2007.
The amount of incentive theory is the result of applying to the amount invested in 2007 in the acquisition of housing usual rates of deduction under Article 79 of the text of the Law of Income Tax for Individuals for the corresponding Autonomous Community, in its current regulations on December 31, 2006. To this end, the autonomous stretch of the deduction for investment in housing may not be lower than that obtained by applying the percentage of deduction under Article 79 of the text of the Tax Act in the case of non-use of external financing in this autonomous community, in its current regulations on December 31, 2006.
Five. Means that the taxpayer has acquired its usual home using external financing when it meets the requirements of Article 55 of the Income Tax for Individuals, approved by Royal Decree 1775/2004, of July 30, according to wording valid on December 31, 2006.
Six. The amount of the deduction so calculated will be subtracted from the total liquid share, after the deduction for double taxation referred to in Article 80 of Law 35/2006. "
That is, for the year 2007 will be able to apply the same percentage of increased tax credit for investment in housing usual, but only for people who bought his house prior to January 20, 2006. For the remainder, 15% on a maximum of 9015 euros.