The economy of pesismismo

Now I begin to understand the crisis of confidence in the U.S., have to be very bad things out there when a man must pay 750,000 U.S. dollars to another by seducing his wife, which is normal with the morale on the floor. That this country ...

For here we are significantly better, besides having a much more lax in terms seductive, our chairman of the government yesterday spoke with his usual optimism and hope that everything goes well. Among other things commented that the pessimism has never created a job and I thank him for such a sentence as it has inspired me the article today.

Life insurance, military industry, preventive services, private security, healthcare, pension plans, and even if I apurais, the purchase of housing (such as saving for lean times), are part of what we might call "economy of pessimism "as you see, ironies of life, pessimism is also optimistic his side. The great fortunes have been built in major crisis, moments when we can buy cheap and benefit from the panic of the people. The clearest example is in his bag with tools of futures and derivatives that allow us to win big when the stock market falls. With this, and as if this were a manual self, one must not view the crisis as a threat to our finances if not as an opportunity.

As for the matters to us, meets today to see what the ECB does with interest rates, no changes are expected, and as always we will have to wait to later press conference to try to understand that we Trichet said, well more than which tells us the message that loose between the lines as it was not a very direct kind of communication.

Spain still pulling the dead of the cabinet, this time it's up to Unicaja to be 'eat' losses of 22 million euros from its customers for high-risk loans. It seems that far off what we saw "subprime" but here we are doing something pupa and must be wrong when 14% of the mortgage payments has been delayed at least once in the last ye and 52% of respondents have more than three Receivables in force, figures that seem a bit swollen but that something real hidden safe.

And finally, I recommend you see the cover of The Economist today.

(Unrated)

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Written by Carlos Lopez on Jan. 10, 2008 with 229 points.

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229 reviews

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# 1, Enculator

January 10, 2008, at 9:51.

Economy pessimism = buy housing? Well, good if clopez up is a bubble! jajajaja

Euribor lower today dedicated to you all!

# 2, condonacion_jeje

January 10, 2008, at 9:51.

knife 3.75%
Euribor 4643

to sacoooooo

# 3, oscar

January 10, 2008, at 9:51.

by enculator after the trichente lower the price of money today because we descend to 4637

# 4, Gasoze

January 10, 2008, at 9:53.

No change in rates.
Euribor 4647

# 5, condonacion_jeje

January 10, 2008, at 9:53.

qora to the reunion? whether it is before the value of the Euribor change the bet jejejejeje XDDDD

# 6, 3milio

January 10, 2008, at 9:54.

Well, I too think that my regret today is to maintain or increase the Euribor (well to my regret) but I think today will be the expectation of what this decides the knife. To meet that hour?

# 7, teruka

January 10, 2008, at 9:58.

Good morning forum,
There goes the 20minutos what he says in his home today in Barcelona:
"The Catalans are loaded minicréditos to climb the slope of January"
The loans in December rose 30% for gifts and meet new increases in basic services. The average amount is between 600 and 1,200 euros. Is intended primarily to household appliances and furniture. The card payment has risen by 12%
And I say this ... if we do the Catalans with a reputation for austere (not to say agarraos) ... it will not be in the rest of this wonderful country?
If that is .... Then to mourn all

# 8, Carlos23

January 10, 2008, at 9:59.

als 12 to meet and talk Trichet 13:30

I think it will rise to a coup forcefulness

# 9, condonacion_jeje

January 10, 2008, at 9:59.

knife 3.75%

Euribor knife before 4643
Euribor knife after 4632

# 10, Mi007

January 10, 2008, at 9:59.

The knife is going to leave everything as it ... although the logic suggests that would have to raise rates. But well though theoretically is an independent agency, not really what it is and if Spain does not have much "weight" economic, imaguino that something will have pressed the ECB (more than anything because we have elections in two months ...)
From here a little out of doubts ...
Beijos.

# 11, amateur

January 10, 2008, at 10:00.

trinchetazo: no move in rates
Euribor today: 4.647

To continue betting!

# 12, condonacion_jeje

January 10, 2008, at 10:02.

XDD And finally seen the speaker of the reunion ....

Knife 3.75%
EURIBOR 4643

# 13, moebius

January 10, 2008, at 10:03.

Good morning, someone knows what time will know the results are
of the meeting of the ECB, which will not surprise TRANCHETES saved,
My bet is that it keeps the rate to 4%, and the Euribor low 25 milli
up to 4.626, that is my bet.

# 14, Euribor + 0.69

January 10, 2008, at 10:08.

Buenos dias

TRANCHETES 4.25%
Euribor 4646 and then to rise ...

Although he would prefer to really get off ...

Salu2!

# 15, orbytus

January 10, 2008, at 10:10.

Hello ...

Matiene knife types

And the Euribor is now more or less like yesterday cents up or down, I think we wait until tomorrow to make movements known that once said "TRANCHETES"

# 16, cheuribor

January 10, 2008, at 10:11.

# 13, moebius

Until 14:30 there is no press conference of Trichet

# 17, Gasoze

January 10, 2008, at 10:11.

Your fan, and I think we use the same sources and play the same threads!!

juas.

You nailed it!

good if we have to commit myself to spread the ham!

pq prize is a ham. No?

# 18, Murdok

January 10, 2008, at 10:15.

Well, today the truth I do not agree with clopez and without a precedent that I agree with ZP.

If jobs are created with fear, but how many are left to create or destroy?.

I've been to many companies and can assure you that when there is a small crisis of fear or something in the future is not all cuts are recruited and are trying to produce at a lower speed (taking fewer employees) to lengthen the work that you have, if I I am afraid if tendre work gastare half and if we do that a few will inevitably on jobs, less consumption = pq less production = less producers.

ZP is a poquillo useless, but Rajoy is a that just about subnormal haxcerse with power even if the price is damn Spain.

# 19, Bhaal

January 10, 2008, at 10:21.

I expect rates to rise a quarter-point, inflation is through the roof, and we do not learn, the easy solution is to maintain and above all down, the other to create value. Of course, the ECB is not neutral and power groups have their say in decisions of this entity, a disgusting, but I disagree with it, that "Spain" (Zpeta) has pushed, "spain" has no capacity decision of the ECB seems to me to my ...

Greetings and good MNN!

# 20, Hg

January 10, 2008, at 10:21.

Very good this front, unfortunately ... patriotism?

Trichet: leave it to 4 and so fresh. Up yours as a serious pastern, but I don 't trust the USA and effect, perhaps, but quite possibly fall to 3.75.

The Euribor about 4,650 (less gives a stone, but until the ECB decide not move today almost nothing)

And what of clopez on housing: if the price dropped, it will not be that, as you suppose that would soon leave all those vultures with fresh money, scented mattress in some cases, the purchase of homes would be even ... faster than bubbles that have been on the lookout for some Anita, and that in some way reverted to stay out of the sharing of the cake (very small cake, so if compared to the last decade).

A greeting.

# 21, Gasoze

January 10, 2008, at 10:22.

totally agree Murdok,

seems to lie not see that while most fear getting into the body to the elderly will be this crisis.

are the things that our beloved country, each looking for power and what they used to reach the have no importance.

greetings

# 22, irnegativo

January 10, 2008, at 10:22.

Sorry but Trinchette can not do anything, lies between two opposing forces and maintain rates, the interesting thing is whether there will be lowered later this year as some "analysts". And as the Euribor said orbytus ma or less, will not be decided until tomorrow, although it is true that sometimes the banks seem to know things that other mortals ignore.
For me the real interest lies in knowing when people begin to pay less, ie a Euribor less than 6 months before, to know how the market responds, whether with a rebound in sales by entering the full demand that is now the expectation or if the damage is already done and would not change much the decline or stagnation.

# 23, Bhaal

January 10, 2008, at 10:25.

I think that we do not need to be plummeting to levels of 1980, only one floor of 80mts worth € 130,000 in the south of Madrid, for which they can get an idea (as a possible example for guidance), we return to the same thing, or equate it comes to wages or prices of flats, as well basico, is equal to the salaries fairly and proportionately, without speculation as there has been until now ...

Greetings!

# 24, amateur

January 10, 2008, at 10:28.

Gasoze, what mine is pure intuition. If successful, you will be the sole legitimate winner of the ham!

Salu2

# 25, paco

January 10, 2008, at 10:28.

# 20, Hg

Q I think house prices down considerably. There is a stock of homes for sale enormous, more than a million. And on the other side with the current prices we have missed most of the market to go ... we have q q making the idea a few ideas of our parents have become obsolete.

Greetings

# 26, Exactly

January 10, 2008, at 10:28.

# 20, Hg
"And what of clopez on housing: if the price dropped, it will not be that, as you suppose that would soon leave all those vultures with fresh money, scented mattress in some cases, the purchase of homes would be ... even faster than bubbles that have been on the lookout for some Anita, and that in some way reverted to stay out of the sharing of the cake (very small cake, so if compared to the last decade). "

To deceive it, it is true. I prefer to get off to invest at very low cost and profitability as soon as possible on rent.
It is clear that if a much lower floor, which has money in cash when paying the lower floors and set to make his return on the same day of purchase.
Of course we are not yet available. However, I see no bargain as has been claimed by here.

A greeting.

# 27, Carlos Lopez

January 10, 2008, at 10:34.

With this article does not pretend to say that pessimism is good for the economy, quite the contrary, it is terrible, but what I want to show is that under this environment, it is possible to find niches and opportunities.

# 28, IPC

January 10, 2008, at 10:35.

How to tell which is the CPI for the year 2007, which implement the revisions in 2008?

# 29, Liz

January 10, 2008, at 10:35.

In expectation of the speech by Mr. TRANCHETES .... It has to be a subidón have the whole world awaiting your words XD
My bet is that they will keep rates, although personally I have serious doubts that this "doing nothing" is the best way to act in the situation where we are ...
The cover of The Economist very good ...
I thought that would cover the mouths of a base to raise the national pride was part of the past ...
I prefer a country of citizens informed and to a fault of uninformed citizens and pasotas, which does not care about what goes on around him ... but of course I do not dedicate to politics, and I understand that the first type are finding annoying ...
So close your eyes and what we are optimistic, yes but we starry against a wall that no one would open it to happen XD

# 30, mercu3

January 10, 2008, at 10:37.

rates unchanged, the Euribor 4642

# 31, Liz

January 10, 2008, at 10:39.

# 28 the officer will have to wait for the final 15 days or so, the harmonized is 4.3 ... I guess that the officer will be between 4.2 and 4.4 ....

# 32, Regina

January 10, 2008, at 10:40.

Types 3.75
Euribor 4.646

I encourage all sure that the thing that is not as bad as we have.

# 33, Murdok

January 10, 2008, at 10:41.

The ipc estimated 4.3 is not even fix that I know of

# 34, amateur

January 10, 2008, at 10:41.

Man, niche (never better) and opportunities are found even in death, with a powerful industry around it.

# 35, Carlos23

January 10, 2008, at 10:42.

good I'm going to the dentist to remove me the damn grind of the trial that we have to see what hurts fucked.

Certainly no one I responded to my question.

What the hell step in the crisis of 92? someone from the lived here? =
then we are busy people and ... to see your ass that says TRANCHETES! jajaja luck

# 36, mercu3

January 10, 2008, at 10:42.

# 28

In principle there is talk of 4.3

# 37, Macu

January 10, 2008, at 10:42.

3.5 Types
Euribor 4.213

# 38, jdx

January 10, 2008, at 10:42.

good good, and as logically bet with kokito:
ECB 4%, and the Euribor will drop a pelín.

Concerning the topic of today, fear in the workplace, a result of the economic and financial instability, not only to be more cautious, if not a certain number of employees assume more responsibility, to take a child with the basic salary , For work and service, but by ett, and not anyone in this scenario, not only that, but q workers are not insured his post, but good, q do not say all companies, but many do, but not now, long time ago ...
what happens with this fear, the economy is like football, nothing, or little, it becomes an increasingly large ball, which in the end, everyone will think so; followers (workers-population), president-(idem ), Coach (business) and players (workers-population) .... Chorra is a bit like the comparison, but I think it is assimilated quite jejejejj ...

# 39, Exactly

January 10, 2008, at 10:43.

Bhaal, I believe that this correlation is misleading, for it provided we look at other times in this country but things change. Where we have such a rule that says a floor should amount to 4 or 5 years our gross salary? As they say around things have changed, now in families usually come two salaries, this increase in purchasing power has been absorbed by the housing and to a lesser extent by the prices of other commodities. Then compare with what we have for a price of housing "normal"? then perhaps with other countries around us with circumstances more or less similar to ours. And I can assure you that although swollen, not really so far from our neighbors.

Paco, the stock is a true-to-argument has been used extensively by the bubbles, but the truth is that huge stock of empty dwellings (besides black market) has been maintained throughout the bubble and nothing has changed. I think it's more an issue of expectations and ceilings, and in this regard, recent increases in the Euribor expectations have changed a lot and have done much damage. We have really reached the ceiling that people could afford, and so has stopped. Now, I do not think it will fall collapse, the purchase of housing remains a very attractive despite the price, there is more to do any survey among young people or unusual interest that remains the subject. We are far from thinking of renting as in other countries. Be careful not go into a second bubble after this fall.

# 40, Gasoze

January 10, 2008, at 10:43.

amateur,

jajaja, it is my intuition as much as yours.

provides for a ham and much more if it is enjoyed in good company.

each time it is about time that I see more potential knife with two balls up a 0.25 rate!

would not be the first time that anything against ...

# 41 Charles zgz

January 10, 2008, at 10:43.

Hey boys and girls of the forum, my bet for today, just days ago that he read:
Euribor 4.639, hala, as I said.
Greetings.

# 42, villaverdino

January 10, 2008, at 10:45.

# 23, Bhaal

I live in the south of madrid (city), in Villaverde and my neighbor has sold his flat of 80 square meters for 270,000 euros ... as if you say it is best to move down to 13000 euros ...

Then I see "operators" with money by buying these houses, flats, etc ... and doing business with it

# 43, CARLOS

January 10, 2008, at 10:45.

It is clear that Trichet does not rise today, and it is reflecting the Euribor real time with a drop in its EURIBOR ON up to 4% accurate.

ON EURIBOR 4.00% -2.44% h 10:41

Greetings!

# 44, Anonymous

January 10, 2008, at 10:45.

# 8, Carlos23

Do not ... that what you want has nothing to do with reality and the desires can not be converted into unsubstantiated beliefs háztelo look ...

# 45, villaverdino

January 10, 2008, at 10:49.

# 43, CARLOS

Where you see that the EURIBOR ON?

And what is more important. To the layman like myself, what's that worth?

Thank you

# 46, moebius

January 10, 2008, at 10:51.

I think it is the CPI for November, 4.1

# 47, Lorena

January 10, 2008, at 10:53.

Crisis? Recession? I think not ... .. rather adjustment at least for now. The savings of households has dropped three tenths .... Mamma mia ... please let us not be so catastrophic!
That made the crowded shopping malls five of January? ... They do now crowded into sales? .. We are not so bad ... and that of the cafes go up in bars .... We do desayunaodo both away from home so bad if we and we do not reach the end of the month .... but let every child has received a WII, or PSP or Play Station 3 ... that if these Reyes nor a damn book ... .. Now you go by there and you people say ... "it shows the crisis eh? "... that if taking a Cañita with rations ....

Certainly the owner of the bar that I had uploaded the cafe of 1 euro to 1.1 ... I said ... "is getting everything through the roof" .... ... And you see the 10% that has gone up ...

# 48, CARLOS

January 10, 2008, at 10:55.

For villaverdino.

I see it in:
http://www.infobolsa.es/v2002/DyT/DyT_Tipo.asp

It is the time value of the real Euribor for all periods and today are down 2 weeks, 1 month and 2 months and maintained that concerns all of us ... the 1-year, so the value of q today will be similar to yesterday , Around 4.65%. If Trichet rises to 4.25% or 4% left to check this afternoon as it moves all values. It's fun day of reunion ... jejeje.

Greetings

# 49, lego

January 10, 2008, at 10:55.

Good morning, soon while you read (from the admiration) but this is the first time I write.
My bet for today is:
.- TRANCHETES not move a finger (which is why the rise in the price of milk) and kept rates at 4%
.- The Euribor, as day review of rates will remain expectant (which is a nice word) and it will come as yesterday, with a slight drop in 0'001, therefore: "Euribor 4'650

# 50, Dr.Divago

January 10, 2008, at 10:59.

Good morning, dear brothers.

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