Bye Bye November

We say goodbye to this tasteless as it began in November, well with the Euribor a little lower, specifically the 4607% but with the same doubts as ever. It has been a month of transition, expectant on the consumption of Christmas and end of the year. However, the news of the day will be "down the Euribor in November for the second consecutive month, but not mortgages"

Posts to make predictions, it is best to analyze the words of Bernanke (and you know, the American Trichet), which returned to insinuate lowered rates on that side of the Atlantic. As if it were a pirate spoke of "winds against" specifically pointed to a tightening in the terms of mortgage loans, a slowdown in the property business, and the sharp price hikes which is affecting prices energy. Recall that the chairman of the EDF call him Ben "Helicopter" Bernanke and here you can see why he is called, though he hit a summary:

In 1969 he published a book by Milton Friedman called The Optimum Quantity of Money where the author describes through an example how to escape deflation and liquidity traps. The assumption Friedman is to pull money from a helicopter to give immediate liquidity to individuals and businesses. The current president of the FED was amazed with this assumption saying that "the government has a fantastic technology called printing press that allows you to create as many dollars as you want without cost. (...) Acting so, the government can reduce the value of the currency in terms of goods and services (...) by creating higher spending and hence positive inflation. "

Already you can see that it gives fear the Americans give them for pressing the button to print money "but saw the value and confidence in its currency that there is every indication that they did so long ago.

Returning to his speech, the question is obvious Europe should lower rates? Are we in the same situation? in The Economist is doing and the question was answered at once: Why did the ECB should not raise interest rates in December?. And the answer lies in the inflation, remember that the goal of the ECB is to ensure price stability over the medium term.

As a curious note, while the prices go up here as the foam we have the Japanese CPI rises in October for the first time in ten months. We have to see what formal workers and those who are Japanese.

So here we have the news of the week and month, I hope and believe that a study showed that men lie more than women. Is that why there are so few women economists? .

Good weekend to all.

Reminder: Rankia sued by Ausbanc consumption. Salido Luis Pineda (Ausbanc), you have splendid majete.

Written by Carlos Lopez on November 30, 2007 with 211 comments
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