The Grimoire
There are some books that however much they seek in the Amazon or in La Casa del Libro, did not find. For example, Grimoire, magic books written in the middle age with instructions to launch spells and incantations, mixing drugs, calling a supernatural entities and making talismans. Among them we could get the Necronomicon a fictional book created by Lovercraft whose mere reading leads to madness and death.
Currently, we have another Grimoire that despite being real, the mere reading leads to madness and who knows whether the death. It is the Beige Book, the report prepared by the twelve state banks Americans that was presented yesterday and you can read it here (in English). This time noted the slowdown in the economy and the weakening of consumption.
Reports from banks and financial institutions showed more pronounced declines in loans to the property sector, as well as a greater tightening of credit conditions in most districts.
In this regard, the document suggests that the demand for labor in the construction sector continued its downward trend, while all other sectors except financial services, remained the demand for skilled workers.
This storm that we are living has its positive side for some, since the Euribor change of running and walking in January to its highest monthly decline in four years. Nothing that we do not know, but it is worth remembering and seeing that they have over there.
The institution which is chaired by Jean-Claude Trichet has been unable to time to raise rates because of the tension in credit markets and, in recent months, remains focused on injections of liquidity and drains to save more tension
Ya see the cutting of Trichet, you need to raise rates, but can not.
As a result of the season, today we have the Bankinter who achieved a net profit of 361.86 million in 2007, 73.6% more extraordinary.
The bank chaired Pedro Guerrero explained that this benefit takes into account non-recurring results, as the capital gain from the sale of 50% of its business to Mapfre Vida, so the net profit of the bank 'ex unique' is 272 , 23 million, a 30.6% increase.
A priori and without seeing them in detail, somewhat worse than expected, but results do not seem to go to mourn. From today we have time to bag more relaxed winning everything lost yesterday.
Update:
- Santander launches mortgage Euribor +0.25% without charge but requires hiring products
Banco Santander, through its commercial network in Spain, has thrown into the 08 Mortgages market to attract new customers top quality they have at present engaged in mortgages and other entities wishing to benefit from an exceptional price: Euribor +0.25 points, with 0% commission for opening and 0% Services committees, as reported by the entity. - Merrill Lynch lost 9800 million dollars: more than twice what was expected
The U.S. investment bank has disappointed the expectations of the experts. During last year recorded a loss of 7,800 million, or 9.69 U.S. dollars per share. The bank repaid 14,100 million U.S. dollars in the fourth quarter by betting on the mortgage market in high-risk and other charges
(No votes) 
Loading ... Written by Carlos Lopez on Jan. 17, 2008 with 365 points.
# 1, musk
bajadilla today ..