Leap year
Today is the day of return to school for many and the return to work for a few among whom I include myself, no doubt this morning I went through your head do what he did a boy in Mexico who are hooked to bed to avoid having to return to the "cole"
Returning to the stark reality, in this year of economic uncertainty it is possible that we find ourselves with a few surprises and much of the script is written. Nor does mention the lack of the real estate crisis from which so much has been said that today without going further has touched Equities Corporation which has launched a "Profit Warning" that comes with being a "hey, we're going to win less than what we said, "and this has sunk in the market and is not the only sector as the real estate lost 9,000 million on the Stock Exchange in two weeks.
In the early sessions of the year the red numbers have become the norm. Equities Corporation (-25.6%), Astroc (-22.2%), Montebalito (-14.7%), Martins-Fadesa (-14.4%), Inmobiliaria Colonial (-19.15%) and Aisa (-18.8%) Have suffered the greatest varapalos. A saleswoman of the anger that only have been saved REYAL Urbis (+0.21%), Metrovacesa (+0.24%) and Cleopa (+0.47%) with outbursts of flat years. In total in the first four sessions of 2008 the real estate lost 1,800 million euros in capitalization, a figure which rises to 9140 million in two weeks, more than one third of the market value they had last Dec. 14.
Returning to the surprises in Cotizalia have done a year trying to find the 20 economic surprises (negative) in 2008, of which I "cutandpaste" given my little wins to work today:
1. The real estate depression of 2007 becomes downturn in private consumption in 2008.
2. Corporate profits fall by 10%.
3. The S & P500 index depreciating by between 5% and 10%.
4. The volatility spike further. Movements of plus or minus 1% -2% become in our daily bread.
5. The Federal Reserve lower rates, 0.25%, in each of its meetings in 2008.
6. Slows down the growth of the economies of Western Europe.
7. The Chinese stock market returns to double.
8. The resurgent Japanese stock market from its ashes.
9. Accelerating the real estate debacle. There are high-profile bankruptcies like that of Countrywide Financial, Blazer Homes, Hovnanian, Standard Pacific, WCI Communities and Radian Group.
10. Financial shares were not recovered.
11. Research in Motion, Apple and Google are seeing their shares to bend and fall in values of a bubble.
12. Merging Yahoo and eBay. So do Amazon and Overstock.com
13. General Electric sold NBC Universal to Time Warner which, in turn, transmits or neither makes a spin-off from American Online.
14. The dollar depreciating a further 10% while gold reached a thousand dollars per ounce.
15. The price of crude oil reaches 135 U.S. dollars per barrel.
16. Cyberterrorism put in check the safety of one of the leading governments worldwide. The financial markets are exposed to the actions of hackers.
17. Accelerates disintermediation in the business of hedge funds. Continued exit of money from the funds.
18. It happens several scandals to Enron.
19. Democrats Clinton / Kerrey Republicans McCain / Crist candidates are elected to the presidential elections on Nov. 4. The Democrats come to the White House.
20. The American politicians put a stop to the sovereign funds.
As you can see, in general, there was not much optimism. Is it because they say that leap years bring bad luck?
Update: What exactly the liquidity crisis? I think we have a good answer in "The personal diary of a real estate agent" in summary:
"Today, the same bank a year ago called to offer mortgages now are never to address, and do not give mortgages to developers to build and advise their clients not to buy because the floors are going to continue to fall. Both ¿has changed everything for which the banks say today where yesterday decian black white? The price of money, about 4%, is not expensive, so expensive is that these gentlemen of the banks will grant a decent mortgage. Instead of differential or lower its selling margins, the rise at the same pace as the requirements for the granting of credit. They gave us wings and now they tell us we can not fly, which make clear who is in charge in this country. My company still has customers willing to borrow, so the demand is there, just missing someone willing to finance these operations. "
(4 votes, average: 4 out of 5) 
Loading ... Written by Carlos Lopez on Jan. 8, 2008 with 176 points.
# 1, Enculator
I'm aquiiiiiii!! Alegria ladies and gentlemen!! Euribor low today!!