The seven plagues.

Confirmed. Exit canes each day costs more. The truth is that lately came home without a hard and did not know if they drank more or is that the rods had gone up in price, thankfully, we have to INE to solve these riddles and tell us that the CPI rises 0.7% in November and interannual rate stands at 4.1%, the highest since January 2006. Or what is the same, the bundle of banknotes they've got under a mattress worth 4.1% less than a year ago.

Yesterday I commented that the construction sector as the banking mergers and went shopping, I think the topic was not too interested in the area because of comments I could not read anything about it and I recognize that sometimes the economic news to try are a little boring, so today we'll talk about a story of a sector that you like and which you are big consumers: Penthouse enters the 'Web 2.0' with the purchase of the social networks of Various by 338 million euros.

In Five Days have published data from a survey by the Bank of Spain said that one in ten families should be three times what they earn each year. And basically that is how we are in this country.

Looking at the daily newspaper headlines, now I stay with the Economist in relation to the stock markets: The Apocalypse is approaching in the markets: the similarities between the current crisis and in the 70s.

"A financial tsunami yield to us," he said, caused by lax credit and complicated by the madness of derivatives on Wall Street. In his introduction, includes the following predictions: recession, possibly depression; bankruptcies of banks, controls the exchange rate, falling from 50% in the price of housing; bankruptcies of credit card companies; losses in money funds, a Unemployment is three times that in the U.S., and government rescue of the mortgage firms Fannie Mae and Freddie Mac.

We see quite a few similarities with the apocalypse in the Bible:

I saw another sign in heaven, great and admirable: seven angels having the seven last plagues, because they consumed the wrath of God. I saw a sea of glass mingled with fire, and those who had achieved victory over the beast and his image, and its brand and the number of his name, standing on the sea of glass, with the harps of God.

Ya see, folks, the Bible was written in our economic future and the seven plagues: Inflation, mortgages trash, stock crisis, bankruptcies, asset devaluation, recession and unemployment.

Maybe all the blame for the dollar is worth less each time and in the U.S. are seriously get these tickets.

Good weekend to all!

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Written by Carlos Lopez on December 14, 2007 with 304 points.



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304 reviews

Read the comments left by other users below, or:

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# 1 font

December 14, 2007, at 9:53.

It is confirmed that this past November, the CPI has risen 0.7 the largest rise in the month since 1985, the rate on-year to 4.1, but he reassured. Ordoñez said that in a "piss pas" we at 2%, so that wages should rise 2 for next year.

For Vinuesa:
With respect to your question yesterday regarding the salary, to tell you that I have fewer qualifications than you, tell you that in the end I have been lucky but I must tell you that luck with that 18 years I went to my parents' house and physical work for a few years and mentally tough, go much cold, did not know in which city would lay head etc. .. Since the 34 years (now I have 41 years), and the fate that I have commented that now I have to comment without wage psychological and physical effort not step cold.
A greeting

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# 2, Rebeca

December 14, 2007, at 9:54.

Again I write my message here to await your wise counsel:

Good morning, everyone, I have 2 questions to ask to see if any of you can answer me, ok?

The first is: what exactly is SAD?, Whether that means annual percentage rate and I believe, although I'm not too sure, why wonder, which is like a kind of average annual interest rate. For example: if I have Euro 1000 in a warehouse they give me a 7% in the first six months and 4% the remaining six, would have a profit of 55 euros and therefore the APR would be 5.5%. Is it so?, Is that I am not sure because the other day my brother told me that he had money in a deposit for one year with an interest rate of 3.5% and the APR is 3.55%. I do not understand the difference.

The other question that I wanted to make is this: that, as I said before, my brother has a one-year deposit at a local savings bank in my village with a 3.5% annual interest, when I said what I said to him that asked more because I knew that other banks give more (thanks to you, of course) and called for rural housing and offered a 4.5%. Then, he went to the cashier and told them, or gave the same or got money from there, and automatically, he said yes, it equaled the interest but, and there goes my question, told him there was no need to sign nothing, not a new contract or any other type of paper, and that is my question: Is it true that you do not need to sign anything to change the conditions?, is that to me is that at the end of the year you paid a 3.5% since the 4.5% that had been negotiated only verbally and already knows: "words are carried on the wind" ... finally, I say??

Thank you all in advance.

PS: I do not comment on anything but the news is that I am not habitual user of the "Penthouse" ... jejejeje.

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# 3, Kandel

December 14, 2007, at 9:54.

That's what good ticket USD zero!!

Hell, Clopez, who today is Friday !!!!. Deja news for those who already come Monday goats. We are not bitter weekend with the story of the end of the world.

I do not think anything in particular. For what I read in the press (and much more in this forum), little or little people have the slightest idea of what is going to happen tomorrow in the field of economics ... (I say no to 1 or 2 years) .

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# 4, Willy

December 14, 2007, at 10:02.

Is Europe is doing well?, I think that Trichet said a few hours almost.
it seems that Europeans began to take environmental awareness and bought fewer cars:
Registration of new vehicles in November in the Euro zone. Fact: -1.3% a / a. Previous figure: 5.3% a / a.

On the other hand the CPI:
Overall CPI in November in Germany. Fact: 0.5% m / m (3.1% a / a). Previous figure: 0.4% m / m (3% a / a). Forecast: 0.4% m / m (3% a / a).

PC general November in Spain. Fact: 0.7% m / m (4.1% a / a). Previous figure: 1.3% m / m (3.6% a / a). Forecast: 0.7% m / m (4.1% a / a).

Underlying CPI in November in Spain. Fact: 0.5% m / m (3.2% a / a). Previous figure: 1.4% m / m (3.1% a / a). Forecast: 0.5% m / m (3.2% a / a).

Harmonized CPI for November in Spain. Fact: 0.7% m / m (4.1% a / a). Previous figure: 1.3% m / m (4.1% a / a). Forecast: 0.7% m / m (4.1% a / a).

Are fulfilled and the worst omens are confirmed preliminary data for inflation in Spain at 4.1% ... about the words.

Another fact wrong, malito for our country:
Current account balance for October in Spain. Fact: -8700 billion euros. Previous figure: -6700 million euros.
Another very bad data from Spain, the dynamic is not good ...

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# 5, Karmen

December 14, 2007, at 10:03.

Not happened in the 70s, but I suppose that as in all, this also brings its cycle (even though I do not understand very well)

Well, well left and the new mortgage law, was what was waiting for subrogate, but now I doubt an attack should I wait a little longer to entities are encouraged to pay part of the costs of notaries now that the item be cheaper ? have told me that banks are interested in the cost of those expenses that ipinais ...? Bulo ¿? Realities?
By the way, thanks for the link to the new mortgage law, which would not be without you
a greeting

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# 6, mario

December 14, 2007, at 10:04.

Clopez very good today ... you are splendid.
Greetings to all

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# 7, Kandel

December 14, 2007, at 10:05.

Rebeca,

SAD also includes the interests, commissions associated with the loan so if you charge a commission of opening big, but then charge a small interest SAD tells you that you have already nailed it in the form of commission you have gained advance a good "interesting" for the loan. More than half the time reflects the time in which you paid the interest. Is not the same as you charge to the top in the end, it's not the same as you charge monthly or quarterly.

Regarding the latter tell your brother to quit running for that bank with their money and did not return to this den of thieves in life. I suppose that it will be the Bank of Sierra Morena (by the bandits). If you do not tell us is to know that all those who are shameless.

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# 8, Alcaji

December 14, 2007, at 10:13.

Hello everybody,

I would like to raise a question about something that happened to me scripts.

After buying the house in September, at the reception of the writings I've found that there were errors in them package, for example, instead of putting the address of the new housing have put the house of my parents, and another series Error.

In the notary told me that there is a "law" of the college of notaries that prevents them redo writes ????? and what I can do is a "notarial diligence," that is adding an annex with the mistakes made in writing
Is this correct?

Thereby costing the expenses of notary, I'm not in my right that I make the new scripts? (and thus avoid possible future problems)

Greetings and thanks in advance

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# 9, Frank

December 14, 2007, at 10:14.

Clopez, I see that you put the permanent link passing yesterday of the New Mortgage Act. I find it very good option for those who need it. You are a monster

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# 10, Font

December 14, 2007, at 10:16.

For # 2, Rebeca:
Kandel already explained to you, but with respect to your brother if you have the one-year deposit and the payment of interest is at the end of this year, the interest that you apply will be the nominal ie 3.5, but if this deposit which is the bank gives you options to collect the interest every three months for example at the end of the year its interest adding up the various quarters could be that of the 3.55 APR. TAE also calculates the frequency with which you receive the interest from that deposit to a year.

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# 11, Karmen

December 14, 2007, at 10:22.

Frank thank you for your link yesterday and the super for inclusion in his blog.
If it were not for you I would not even aware

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# 12, Kandel

December 14, 2007, at 10:26.

Alcaji,

I think that the notary is telling the truth. We will have to make a "deed of error." What happens is that you should not be you who get the pay.

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# 13, Bhaal

December 14, 2007, at 10:32.

Clopez, the link to the new mortgage law plate!

Well, we are already seeing where we lead, derechitos the lake of fire and brimstone where they are consumed cipotecados or tortures of hell with the speculators .... The fact is that I dedicate to leave mails to sellers of houses on the internet, many times aggressive and slightly insulting, and I have called ALL, that if I was interested, that they had made a rebajilla the price, that if the price is negotiable ... I go through the estate to see them and talk (and they insist, are again calling, I called several of the same agency ...) as this, when all hell

Christmas greetings coming ZP and we will pay all mortgages and for having occurred! (chuckle internal ...)

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# 14, Trichet

December 14, 2007, at 10:35.

Euribor quiet today will be placed in 4839 (-0023)

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# 15, moebius

December 14, 2007, at 10:40.

Good morning I would like to know what is the best option
to pay in the U.S., I will travel there in a few months, and between the hotel and other
I need about $ 3000, if I buy here, I get an exchange rate far worse than that and there aprte charge me, I do not know if you can do at the Bank of Spain, or sie is better to pay by card there, that if credit is another rash because you have an interest of 12-odd, and it clear that pay interest for money to a credit that I already have?

I look forward your advice, is that as far as I've gone to portugal is to buy towels jeje

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# 16, Kandel

December 14, 2007, at 10:43.

Moebius,

In my stuff for me it has worked well all I could pay with Visa. You apply the correct exchange rate and without commissions (which does not leave much out there but it was well before).

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# 17, daniguti

December 14, 2007, at 10:43.

Good morning chic @ s

1 yesterday to say that the numbers of forecasts did a primitive and say that I am 99 € richest jeje ONE OF 4 !!!!! slopes to touch me ever.

Clopez, Penthouse and everything related to po.no, it's better business for banks, if those who earn less money and give it dislikes is to jeje'll have to spend all the unemployed in the construction and real estate.

In regard to the lower house, if it down, but think, 30% never real, IPC 2007 4.1 approx 2008-2009-2010 by 3% to put the accumulated a 13.1% less 30% to I get an expected 16.9%, I have reason? or am I wrong? I think that if low or no down will be a little less than the CPI.

A greeting

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# 18, Kandel

December 14, 2007, at 10:45.

Moebius,

I forgot to say that we must use a VISA debit (not credit).

Because I forgot it for granted that everyone knows that is insane use of credit cards because the interest they charge.

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# 19, Angel

December 14, 2007, at 10:49.

15-moebius, if you know people there qeu you please (do not go to waste by bad sites, jeje) in many administrations, tobacconists, .... you are changing Euros into U.S. dollars to Apply WITHOUT ANY Commission, also did so in UK Just euros and go in there with you the change over time, but I tell you that if you go on an adventure with them in your hand you can have some problemilla reach for anything else, so better if you know someone in there and drop you a few bucks by pulling air up to you to change.

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# 20, moebius

December 14, 2007, at 10:49.

Thanks Kandel,
so that you do an idea of theft

exchange rates in Bankinter:

U.S. DOLLAR Purchase (1.485126) Sale (1.398613)

This dedir that if it wants to change 100 euros to dollars give me

$ 148 or $ 139, aprte the commission that is 2.5%, because if 139 is to put fire

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# 21, Resignao

December 14, 2007, at 10:53.

Alcaji,
I did something similar and what they did was an annex of error at the end of the scriptures. Do not be the change, but it took care of the notary or sellers. I did not hit nor a harsh, well, not a euro.

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# 22, mgdkaya

December 14, 2007, at 10:53.

You'll be your salary, but it was not that 60% were mileuristas or less (and that raw);

http://www.hoyinversion.com/reportajes-economia/espana-mileurista_200710091310.html

not among us, of course,

but where robáis so much money? demonstrate that you are not a Robot!
je je je
3000 net euracos months? Euracos net 50,000 a year?

(I graduate in math, 6 years of web developer breaking the horns in leading companies in R & D, I'm going to the 1800 net € x 12 months, less than many who have neither the EGB of course, with all due respect )

and above'll be people who are very young, who have gotten to 30/35 years with cipotecazas 30 kilos kilos/40 pa '... Forward 35 years to pay 1200 euros a month at least, the pace going up the salaries and ... when signing the Euribor interest were at historic lows ... and the prices of the flats super inflated ...

I also see a lot of pain and a lot of ruin

PS For the survey would be nice to put the loc. Geographical, because I am Catalan jfk, and by half among my acquaintances, here we are most indebted muchííííííííííííííííííííísimo

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# 23, Evolution

December 14, 2007, at 10:55.

A page 10 for today Clópez!, Penthouse, Revelation, jokes graphics dolar ... zero. Ha, ha, ha

... The festival is over, ha, ha, ha,

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# 24, THE HOLY TRINITY (Trichet, Bernanke and Solves)

December 14, 2007, at 10:59.

.... And you will see the "injection" of "liquidity sperm," that we are going to stick with our "financial instruments" of 30 cm ... ..

PS: we like the culitos of the mortgaged!

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# 25, vanessa

December 14, 2007, at 11:03.

Today I'm contentísima, the Bancaja rewards my loyalty have paid my salary as that of my husband, admitted 30 € at the end of the month. Go luck!
Greetings.

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# 26, kokito

December 14, 2007, at 11:03.

Good Morning, Vietnam.

If the forecasts for the U.S., are not good, the look of Spain.

The real estate consulting firm Aguirre Newman provides that in 2007 the sale of homes to fall 70 percent over the previous year, due to oversupply and stagnant demand prompted by the tightening of the financial environment.

http://www.eleconomista.es/empresas-finanzas/noticias/330562/12/07/Aguirre-Newman-se-suma-a-las-previsiones-apocalipticas-preve-caidas-del-70-en-la- sale-of-housing-for-2007.html

If at the end here is going to prove that we are of the most positive, and we were always down by short, Huy, Huy the next.

Until then, the Euribor pa Up today.

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# 27, kokito

December 14, 2007, at 11:08.

Good Morning, Vietnam.

And if a drop of 70% is added 10% more construction that is not a loss?.

The number of homes completed in the private sector rose by 9.5% through September over the same period in 2006, while the public work he did by 1.2%, according to data from the Ministry of Public Works.

http://www.invertia.com/noticias/noticia.asp?idNoticia=1869019

See you later

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# 28, Kandel

December 14, 2007, at 11:09.

Is not the case of others, but I do not think anyone get into a mortgage to 35 years really think that is going to be all that time with the mortgage on his shoulders.

Of course it's not my case. I use this term to get more court reduced that I can cope with possible contingencies. But if there are none use that money to make early repayments and further reducing the quota. What I may have a greater margin for unexpected or ever, what is the same for higher depreciation advance .... And so on ...

My mortgage is for 30 years but I hope not go from 15 (which you get there).

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# 29, Kandel

December 14, 2007, at 11:12.

4.88 joderrrrrrrrrrrrrrrr

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# 30, Attila, King of the year

December 14, 2007, at 11:13.

Euribor today: 4.88

Requetepollazo to spend the weekend warm!

I see a lot of pain ... pain ...

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# 31, Kandel

December 14, 2007, at 11:14.

# 14, Trichet
Euribor quiet today will be placed in 4839 (-0023)

I see that the knife in line with the rest of it ... NPI.

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# 32, Murdok

December 14, 2007, at 11:14.

The ECB injected money but the Euribor continues to rise ...
This is by controlling the banks are to steal all ...

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# 33, Murdok

December 14, 2007, at 11:16.

Kandel I got the mortgage to 35 pq not let me in a different way and hopefully I hope quitarmela 10

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# 34, THE HOLY TRINITY (Trichet, Bernanke and Solves)

December 14, 2007, at 11:17.

You see as the sanctity is not wrong! Our holy instruments of "injection" and is nailing you are ... 4.88.

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# 35, Resignao

December 14, 2007, at 11:17.

Moebius, if you sell give you 139 bucks if you buy you charge 148 bucks and give you 100 euros.
My girlfriend went to San Diego a month ago, took about 100 euros, must bring them, because there will be things that you can not pay by card. Otherwise threw card, I believe that debit, and no commissions. But it may be different in each entity.

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# 36, daniguti

December 14, 2007, at 11:17.

An average of 4.792 my mother that Penthouse

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# 37, Karmen

December 14, 2007, at 11:19.

# 28, Kandel
I agree, I got one to 35 years, but this month I will amortize 6000 and I remove two years of interest on top, which is a pasta ....

Aprobecho to return to a cusetión that worries me, to see if anyone knows anything:

And left the new mortgage law, was what was waiting for subrogate, but now I doubt an attack should I wait a little longer to entities are encouraged to pay part of the costs of notaries now that the item be cheaper? have told me that banks are interested in the cost of those expenses that ipinais ...? Bulo ¿? Realities?
By the way, thanks for the link to the new mortgage law, which would not be without you
a greeting

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# 38, villegreen

December 14, 2007, at 11:19.

we are indebted, it is true there is no doubt over-the majority ... ... but what the USA is the book ... and more than 15 years ago is known to be the country in the world with more debt .... If an economy is shaken by having 40,000 million dollars of debt in the years 80-90 .... that of the USA then had more than 295,000 million of debt ... and have had to finance wars, invasions and its tremendous Train of Life (USA a child consumes more than 800 times more than an African and more than 50 times more than a European ... ., On average, of course) ... that debt makes unfeasible a country .... At the moment I have no data, but estimates of which I did recently echoed by economists of Le Monde Diplomatique ... talking about several billion dollars of debt ..., and it was just as though the painful transition is the patron-in dollar Economy no longer holds ... .. ¿patron-euro? ... we would be wrong in principle ... but in the long run happen in the USA .... other countries indirectly financing the debt Europe ... .. ... are cycles, the bad thing is that confidence, so fragile that property seamless and incalculable is not something that can secure and ... well, the Empire allowed its collapse? I am afraid not, and also the fear ... the whole nest has been seen as an intervention as little as the neoliberal Bush with mortgages ..., when an agreement of all central banks like the other day? we are faced with a changing economic and social model .... add to this the energy crisis, and revolutions tecnobiologicas to the claims of the developing countries most of the computer ...? The rise of Asian axis (interesting as regards the Club Shangay ...) will also change the geopolitical ....?. All major empires fell ... why not this too? ... But what will be the price? That we can only start in the prologue of ...., Not even in the first chapter .... Until the Apocalypse and it is still very dire my regret that I too am suffering, too much pain we could try to remedy ....
Phenomenal, clopez article today. To save and pass COLEGAS.UN TO EMBRACE.

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# 39, Resignao

December 14, 2007, at 11:21.

After what yesterday, today played rates climb. Banca down, dollar rising crisis of confidence in markets, collecting profits rising ... the Euribor, the banks do not want scares.

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# 40, Evolution

December 14, 2007, at 11:22.

Euribor ... 4.88 ... Who has been the fact that he has left to reach the viagra? .... Now, to see who it lowers the subidón!

... .. The party is over!

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# 41, Seldon

December 14, 2007, at 11:24.

mgdkaya,
I also am a web developer for just over six years. I live in Barcelona. Sign a mortgage in June 2004 of 140,000 euros to 25 years. Currently, pay a monthly fee of 744 €, pending the revision in June with the Euribor March. I have a son, and between my wife and I joined around 2500 € / month net.
Like you, I think Barcelona in the housing situation (and in case of a severe throughout Spain) is worse than in the rest of the state.
The situation of the Euribor disturbed me, but I worry very much the expected increase in unemployment for the years 2008-2009. We'll see what happens.
Greetings.

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# 42, EA

December 14, 2007, at 11:25.

Murdok, nor will we hesitate.

This is the new slavery.

We have caught everywhere, get milk, rice, bread, chicken, light, we now dijen that cuidadito with meat ....

And just because we live to pay the banks and biting the air ... at least we got underneath the house with a garden lawn .... and I begin to see it appetizing :)

In short what we Scarlato O'Hara .... "I never come back to go hungry! but every day I understand more the grandfather of Heidi, and a little cabin with a goat and a bed, nor do I see as a bad option : D

There is no evil that lasts 100 years, so we encourage you to review in December ... we can with it ... we have to endure the pull whatever.

Happy weekend and well abrigaros :)

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# 43, czp

December 14, 2007, at 11:26.

4.88 !!!!!!!!!!

And I just do revision this month. brrrr Luckily, my mortgage is "only" 83,000 euros. But even so fuck.

Anyway, Happy Christmas to all

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# 44, hipotecón

December 14, 2007, at 11:27.

I am not very clear what happens, the data of the Euribor theoretically unrelated to the environment that we want to mount, or are we putting his hand into the wallet or the bloody problem of "tension with liquidity" is much worse than it says, and starts to spread the rumor that there are a couple of very powerful banks in the euro zone to have a couple of dead "Americans" under the carpet.
And I renew with the Euribor December (a shit)

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# 45, kokito

December 14, 2007, at 11:28.

Good Morning, Vietnam.

Some banks will not leave the accounts at year end.
How do you say (of whom live in Catalonia) if I heard yesterday hallucinations (Because I see psicofonias) at the midday news program on tv3 Trichet said they would meet with his gang of the ECB next week to increase the 0.25 price of money, and the information that they then leave that could be seen among well. Or those of tv3 learn as all or nothing.

By the way thanks to everyone s, I am more a day for you and your contributions if you look just a means of communication.

See you later.

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# 46, kokito

December 14, 2007, at 11:37.

Good Morning, Vietnam.

Karmen, you know that I am one of those that I will go to negotiate with the bank.
I wanted to go in January. But starting next week, as hard as I assume the task, in the end it take to formalize, an improvement of margins (0.75) or a surrogate.
He also hoped the new law is already there.
Seeing as getting the yard with the Euribor, we start next week, as the October and November will be better than that of December, just in case I have to subrogate. Furthermore after January have more money to repay, but I change the quota on Jan. 1.
I go by them, or ... ... there for me.
Well you go and explain.

See you later

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# 47, Karmen

14 de Diciembre de 2007, a las 11:41.

#46, kokito
Mucho ánimo, ya nos cotarás, yo aun no se que hacer, si esperar o empezar ya con el tema….

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# 48 , you

14 de Diciembre de 2007, a las 11:43.

Pregunta: Si firmo una hipoteca el 11 de Diciembre, ¿qué euribor me tienen que aplicar? ¿el del dia 11 de Diciembre, la media mensual, o cuál?

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# 49 , JavierML

14 de Diciembre de 2007, a las 11:45.

Para #48 You

El de octubre, que es el último publicado en el BOE.

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# 50 , mario

14 de Diciembre de 2007, a las 11:46.

You
Normalmente te aplicarian la media del de octubre 4,647

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