The paradox of value and the Euribor

In classical economics has been studied frequently "the paradox of value". Usually we have the idea that something "useful" to be more expensive than something "useless" but ... Why diamonds are more expensive than water?. Nothing is more useful to humans than water, but for the moment we are not used to buy almost anything. To do that you an idea of what little water is worth, in Madrid the price is € 0.001269 per liter.

The solution to this paradox is not to explain to the value of things, but with the attitude of someone on that property. The classic example comes to be that of a man in the desert with a bag of diamonds, but died of thirst. What is worth more there? Does the water or diamonds?. Understanding this concept we can understand why certain ratings above or below its price of course.

Now, we are experiencing what might be called "The Paradox of Euribor" that comes to saying that the Euribor low but rising mortgages and is what is echoed in "The World"

The Euribor is expected to close in February 2008 at 4.33%, below a tenth of what it set in January (4498%).
The indicator on Friday reached the 4367%, so that the average would be in February 4337%, well below the 4733% with the beginning of the year and 4498% with the ending in January. However, this "good news" would only benefit the mortgages with six-monthly review.
For half a mortgage of 150,000 euros to 25 years and with a spread of 0.50% hired a year ago that the assessments are reviewed annually in February would rise from 799 to 819 euros, representing a monthly cost of about EUR 20 .

Among the usual lack of news on Mondays at this time, highlight the Five-Day titled "Growing signs of a slowdown."

A slowdown in the Spanish economy remains journey. Almost all the indicators used by the Ministry of Finance to predict activity in the short term charts show-down and exacerbated. This is the case, among others, of synthetic indicators, grouping variables to observe sectoral trends. According to them, consumption, services and construction will get worse during this semester.

As for the bags, today we are going up by the closure upward at the last minute of Wall Street and rises in Japan that has benefited from possible entry of Chinese money (which was down to the bag china). As you can see an interesting movement of capital which we will see for Asia and the bubble of bubbles is that the Chinese market.

PS: I remember that the BOE has already been released in January 2008 Euribor

(Unrated)

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Written by Carlos Lopez on February 25, 2008 with 204 reviews.

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204 reviews

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# 1, Seelah

February 25, 2008, at 10:03.

Okay, good morning.
We opened the baton to the value of February, which in the absence of 5 values Sizzles ...
MY bet: 4.351 xD

# 2, Murdok

February 25, 2008, at 10:04.

La mia 4.341

# 3, JAC

February 25, 2008, at 10:08.

Buenos dias,

La mia 4.346

-1

# 4, Solvent

February 25, 2008, at 10:09.

LET THE NOUGAT

When you're small you spend life waiting eagerly for the arrival dates señaladas.Entre other favorite was the arrival of the fair in my pueblo.Cuantas lights, horses and pustecillos sales ambulante.Mi favorite was the post of Nougat.

2 posts that had always made the competition because everybody best offer ...

He put on 25 almonds, toasted the yolk, the imperial cake, almond filled, the fruit (I do not like this at all) and all this by the amount Modica 1000 ptas gentlemen, let's take advantage These beautiful day fair offers ¡¡¡¡¡¡

These days we have our Turronero politicians from his lectern microphone in hand we are trying to sell its nougat, sometimes worn and fair anteriores.Ya not we remember those who buy lots with illusion and that we see to get home as there are pretty much cardboard and little chicha in the interior.

Turronero gentlemen who are tired of so much cheap lot, that we are no longer children ...

In closing I have always wondered something, and it is ... "The rest of the year to spend the Turronero"

+29

# 5, ame76

February 25, 2008, at 10:12.

clopez ... the uncle of the desert, the bag of diamonds ... not be dead of thirst? Well, starve the worst also

-6

# 6, Fausto

February 25, 2008, at 10:14.

Has devoted to ice cream

# 7, Attila, King of the year

February 25, 2008, at 10:14.

I bet by widespread falls and people who wanted to become rich without giving a stick to water weeping Dad state. Look what it says Jose Antonio Galdeano, president of Expofinques:

"If there is room, may have fallen up to 50%"
http://www.publico.es/dinero/052255/si/margen/caidas/precio/50

I see pain, a lot of pain ...

# 8, JAC

February 25, 2008, at 10:16.

A REALITY?
We hear constant complaints about the programs and magazines in the heart "that Cutro" "penalty is" able to pay such sums as these count for nothing pigeon peas or lies. "
Well, because a large majority of Spaniards see the program and buy the magazines, making it profitable for publishers TV'sy.
Similarly, we hear and say "shit going discussions", "tissue of lies that will count," "pathetic", "gañotes liar" but ... .... They know that many thousands of votes are going to get with these "appearances, lies and charlatanism" will be the same group to purchase the magazines, navigate these programs, and is fooled by four words (lies) or "placed"?

+11

# 9, ame76

February 25, 2008, at 10:17.

# 4

Jijona because I think we traditionally did for Christmas and nougat ice cream in summer. The first part of the year, I do not know.

# 10, amateur

February 25, 2008, at 10:18.

Solbes has just announced Ciudad Real in a package of measures designed to make it easier for families to extend the deadline to pay their mortgages. To see if information on this.

Euribor February: 4.33

-1

# 11, Carlos Lopez

February 25, 2008, at 10:22.

# 5, ame76
Indeed, the poor man is dead of thirst and hunger
As I corrected.

# 12, Resignao

February 25, 2008, at 10:26.

Baton for February: 4.341
As for the desert: clopez, if not das option, nor diamonds are not worth a shilling, now, as it passes through a caravan of Desiere, the hombrecillo is the master of the universe.

And a curiosity: he commented that in Cajasegovia offered me a guaranteed deposit mixed:
- 50% to 12% 6-6,3 months.
- 50% referenced to 25% of the revaluation of Eurostoxx50 to 18 months

Analysis of the offer:
to 12 months it appears that not projected to fall far the Euribor, if would not be interested, because if you get a benefit under low or climb much more.

18 months: the EuroStoxx and the IBEX has fallen around 17%. Assuming a revaluation of everything down (which I do not think so), 25% from 17% is 4.25%. That interest is a hell for 18 months. Unless you expect a drop in interest rates brutal (we talk about it arrives at the official rate of 3% or even less).

Please be accepted comments and corrections, because this approach might be giving us a possible trend of advanced types of behavior and the Euribor.

Thanks and health for Monday.

# 13, asg101

February 25, 2008, at 10:27.

What IF IT HAS ALREADY PUBLISHED IN THE EURIBOR JANUARY FEBRUARY? IS THAT I HAVE TO SUBROGARME AND ARE WAITING TO JANUARY IS lower than in December.

# 14, Umlog

February 25, 2008, at 10:27.

As I understand it, reviews of the mortgages are governed by the Euribor one year, as it is not higher than the current one. One thing is very clear, banks are "almost" never going to lose money.

Viva nougat chocolate with rice.

A greeting

# 15, Fausto

February 25, 2008, at 10:28.

Now some experts say that rates may go up, I hope you do not have the phone Trichet: S

# 16, Seelah

February 25, 2008, at 10:28.

The projection for the Euribor today, planito, planito. There may be surprises up sa down ...
EURIBOR 1Y 4.37 0.00 4.42 4.32 25-02 10:15

A comment about our assumptions of the boxes affected by subprime mortgages ... and if there are so many under suspicion (egregious cases like those of CCM, Caixa Girona) or under surveillance explicit (Caixa Penedes and others), to both candidates is not interested in making the brown as quickly as possible? How far you suppose that benefits them the silent item? Do you not think that they are ignoring a snowball effect?
If we close several small boxes of a period of time, is it not feasible to move the same as with Northern Rock in the UK but with many other entities and at the same time?
And finally, will increase sales of mattresses and socks for both cash? xD

# 17, Resignao

February 25, 2008, at 10:32.

101 # 13 for KG

look at him in the BDE:

http://www.bde.es/infoest/a1801.pdf

# 18, Seelah

February 25, 2008, at 10:34.

The fact of the Euribor January published what the font boe and we shared it last Friday:

# 184 font
February 23, 2008, at 10:32.

For those who expected the official data of the Euribor of January 2008
http://www.boe.es/g/es/bases_datos/doc.php?coleccion=indilex&id=2008/03505&t

# 19, Seelah

February 25, 2008, at 10:37.

We look at the Euribor baton for February:
Seelah: 4.351
Murdock: 4.341
JAC: 4.346
Amateur: 4.330

If admiteeeeennnn apuestaaassss (and look Turronero ... or political ...)

# 20, cgloria

February 25, 2008, at 10:40.

good morning,
I bet 4.339

-1

# 21, Lumpi

February 25, 2008, at 10:41.

good morning,
I bet 4.336 ..

# 22, Vitan

February 25, 2008, at 10:45.

# 12, Resignao

"18 months, the EuroStoxx and the IBEX has fallen around 17%. Assuming a revaluation of everything down (which I do not think so), 25% from 17% is 4.25%. "How you have come to the conclusion that the interest is 4.25%? I start with the upgrades when I lose and I do not know if the interest is interesting or not ...

Thanks!

# 23, CambioHipoteca

February 25, 2008, at 10:46.

Hello everyone;

I'm trying to calculate if I can renegotiate my mortgage. I can not fall too much, but everything can be ...

To that end I have to calculate what is the point, counting to include all costs in the money requested, in which I get more profitable mortgage that continue to change with it. I count on the 0.5% commission on total cancellation. What else do I have to take into account? Are the costs of notary As often?

For example, if I have 200,000 euros, 25 years I have left to pay, the new mortgage would be 201,000 euros + "other expenses" for 25 years. If my mortgage is at the Euribor + 0.45 and X payment, to pay less than X should I get a mortgage at the Euribor + 0.37. (fabricated data)

the questions are:
- What are the other approximate cost? (notary, ...)
- Having a Pokito more capital sought influences ...?

If there is any site where you find it detailed what would be grateful.

Thank you very much

# 24, mario

February 25, 2008, at 10:49.

This news is dedicated to Attila, King of the years ....

"Solbes said that mortgages affected by the rise in rates may be extended freely"

http://www.elpais.com/articulo/espana/Solbes/anuncia/hipotecas/afectadas/subida/tipos/podran/prorrogar/gratuitamente/elpepueco/20080225elpepunac_2/Tes

To see how this justifies that goes against the essence of your character the king of the late opera ...

# 25, Seelah

February 25, 2008, at 10:49.

Clopez, please remove this message forums, which already hurts to see:

ke rate is applied in the review?
Posted: 2008-02-21 18:17:10

LOOK TO PAGE FOUND HTTP: / / AGUABELLASOYYO .***.***

# 26, ORACLE

February 25, 2008, at 10:49.

Great point that the treaty today: "The Euribor low but rising mortgage"

Holder for sheep and clearly biased. To draw their own conclusions but it is clear that some would not suit it is made public (at least until a certain date) that the Euribor this fall.

-2

# 27, ORACLE

February 25, 2008, at 10:52.

Certainly the medium-term forecast for CajaMadrid of the Euribor is below 4% at mid-year:

http://www.cajamadrid.es/Ficheros/CMA/ficheros/BoletinSemanal_22feb08.PDF

# 28, CARLOS

February 25, 2008, at 10:53.

Baton: 4350%

# 29, adan

February 25, 2008, at 10:53.

IRPH

Hello. I have a personal credit at 6.10% (I do it in KUTXA IRPH boxes with more interest added 0.5). I had just gone up a full point from which I granted. I maintain this rate for three months and then I revise it. Where can I find out how this evolves daily interest rate?
Incidentally, I was told that it was less volatile than Euribor, but I think a year has risen over the IRPH that the Euribor.
A greeting.

# 30, Seelah

February 25, 2008, at 10:53.

The oil that we vaaaaa 99.56 and subiendooooo

# 31, Seelah

February 25, 2008, at 10:57.

And the forecast a year ago that oil-price.net is 129 U.S. dollars!
http://oil-price.net/dashboard.php?lang=es

# 32, sopelmar

February 25, 2008, at 10:58.

overheating economy to come to china,
despite being the coldest winter in many years (the consumption of coal is a disparao)

inflation soared to 7.1 require them to lead a kind of cut trichec Mao, and also requires a BCA Asian central banks, which control the voracious appetite of Chinese who wasted without thinking of the consequences, as was the thing malita with the subprime now come from yellow to finish liarla

as they say "we were few and pari Grandma"

http://www.cotizalia.com/cache/2008/02/19/25_inflacion_china_dispara_hasta_situa_maximos.html

certainly says that there is Inmoba beyond mexico that there are a virgin market with the brick housing needs that grow each year at 600,000 homes, Apollo by the government of Felipe Calderón saw him the other day on Bloomberg, as will finance this ... ... ... .... because with subprime mortgages Mexican

If this sounds like you have cut

"" Calderon Hinojosa reiterated his government's interest in supporting families who earn very little and require support and subsidies to supplement their purchasing power. "

# 33, mario

February 25, 2008, at 10:58.

I was crying a State pope ... when suddenly I see the news in El Pais ...!
My God, the ethics of Attila on the floor. As for the 400 Euros for all those who pay to finance (the richest Bone) was a low blow to try not to feel ... But this ... Extend the term of the mortgage!
Alas, this view as a drink.
I'm going to look at the catechism, forgiveness, the operating campanya to see if I see any moral justification, and then back.

# 34, sopelmar

February 25, 2008, at 10:59.

I forget to put the link of the handyman

http://www.cronica.com.mx/nota.php?id_nota=343592

# 35, Seelah

February 25, 2008, at 11:00.

# 29, adan
The IRPH is less volatile than the Euribor, but the Euribor has to r terribly wrong to reach that mark interest mortgages with IRPH. It's almost like becoming a mortgage fixed interest. Why saber in the interest mortgages to fixed? Well, by that "security". If all were equal, everyone would go to fixed, and eurbor simply to jugase TRANCHETES Monopoly.

# 36, mario

February 25, 2008, at 11:00.

"Solbes said that mortgages affected by the rise in rates may be extended freely" FREE!

Jajajaja ay Dios mio Attila ... YOU PAY THE MORTGAGE YOU TO BORREGAZOOOOOOS

# 37, menudoturron

February 25, 2008, at 11:03.

to # 23

Tax documented legal. Credits of up to € 180,000, 1%. More than 180mil, notary + 1.5% + manager + insurance + home life insurance (the latter you are going to be needed to achieve better conditions almost certainly ...)
Greetings!

# 38, mario

February 25, 2008, at 11:06.

It really is a great day today
Sonya was not .... Also in cotizalia
Families with low incomes may extend the term of your mortgage to reduce the annual fee
http://www.cotizalia.com/cache/2008/02/25/69_familias_renta_podran_ampliar_plazo_hipoteca.html

Senyor, the idol of Attila the rescue of the BORREGAZOS.

# 39, Seelah

February 25, 2008, at 11:07.

The link CBSnews has no waste:
The Euribor is expected to close in February at 4.33%, below a tenth of what it set in January (4498%).
Will be 2 tenths, no?, Good to be exact, 1.98 tenths, no?

# 40, Orlando

February 25, 2008, at 11:09.

# 24: Solbes, you're a legend!

-3

# 41, Fausto

February 25, 2008, at 11:09.

Attila and other rented .... on behalf of all mortgaged .... THANKS!

Looked to come this pain xD

-3

# 42, sopelmar

February 25, 2008, at 11:09.

The entities have already begun to inform their customers who have discovered in their current accounts or savings will cost them more expensive since April 1.

Estimates of the banks themselves and boxes is that the number of loans doubtful debts continue to grow in 2008, while qualifying that the figure is the lowest in Europe.

http://www.bolsacinco.com/080225075447B5_zapatero_morosos_pagaran_intereses.htm

# 43, Seelah

February 25, 2008, at 11:11.

One certainly does anyone know the list of 64 banks that generates the Euribor?
Is it published somewhere?

# 44, Daniel g

February 25, 2008, at 11:12.

Subidita lightly.

MEETING 25/02/2008 11:14

Middle type
Euribor Week 4.117
1 Month Euribor 4.181
Euribor 2 Months 4.283
3 Month Euribor 4.379
6 Month Euribor 4.382
12 Month Euribor 4.382

22/02/2008 Eonia 4.008

# 45, Seelah

February 25, 2008, at 11:15.

MEETING 25/02/2008 11:14

Middle type
Euribor Week 4.117
1 Month Euribor 4.181
Euribor 2 Months 4.283
3 Month Euribor 4.379
6 Month Euribor 4.382
12 Month Euribor 4.382

22/02/2008 Eonia 4.008

Go subidón ...

# 46, CambioHipoteca

February 25, 2008, at 11:16.

Thank you very much menudoturron

As imagined chungo but I will try to get some other entity in bid to pressure the mine. You should get approx. Euribor +0.25 or a 0.30 to improve what I have counting expenses.

Lo says: Thank you

# 47, Bhaal

February 25, 2008, at 11:17.

Holas!

What is Solbes is an absolute shame, disgust that those people who gives, for nothing, nothing, I'm going to vote, I'm going to make a shack and a couple of days I'm going to Congress to mourn Solbes that I put a chalecito, payooo, giblets chupasangres, thieves and mangantes, I do not want to pay the other floor, I want to pay me, so what this really promising Solbitos is that my money is mine, not the state, will invest in those bastards who put in what they could not afford and speculators, that is what are the banks, which is where it should be the money, right? majos that, to vote en masse, and if we all die of disgust without a roof because the bank has them all, when there is neither industry nor nothing but bricks, then mourn, mourn not because it was what he had to do that is to eradicate the economic model of the brick, and those of the PSOE like euthanasia and abortion? if they are devoting to keep alive as a dead economy, come what may ...

Health and god we caught confessed, agarraos the cataplines next solbitos to fix what has not managed in 40 years ...

Euribor them burn in hell

# 48, sopelmar

February 25, 2008, at 11:19.

fausto not you think so or you, move on from this spring to make the visit to the ranch lady, and not get overtime estreneis car or go to dinner as you carlos 23 invitao, Easter and this is where best in town and remember our humble roots, I tube feet on the ground and saw that I did not pay enough to a floor of 250mil euros and a zulo of 189mil Jodi and I now continue with more taxes jodiendome

have if the wing low Euribor and give you a little respite to all those owners of farms

# 49, ACD

February 25, 2008, at 11:22.

Hello and good morning:

First riddle suggest that we read of children, who are imprisoned in a place with three possible salir.Custodiadas door to a fire, with other guards and the third with lions dead from starvation. And after not hitting us saying that the solution was obvious, clear as that of the lions were killed as they could get out safely.

In the case, if the lord of the diamonds is already dead, and therefore worth a lot more diamonds, and nothing will be changed by water, since it will come good with the heirs to seek ways to rescue the body, for a worthy burial, and diamonds, which will compensate for the effort.

If you have to understand that died of thirst means having very thirsty, the owner of the diamonds would have to consider rules that barter will admit. Because if the owner wants to use water from the state of necessity, it is not permissible. You'll have to see if there is enough water to get out alive from the situation. If there is, the first is life, and there is no problem in delivering all the diamonds to get out of the situation. But noting that the owner of the water took advantage of his state of necessity, and therefore inmediantamente (since that game rule is valid) search
a state of necessity from the owner of the water (and now also of diamonds) to submit a similar barter disproportionate to recover the diamonds. If there is not enough water for life to emerge with anything that is permitted barter, as prolong the agony and also losing the diamonds does not make sense (and also take note to publicize the attempted swindle of the owner of the water, and also its moral catadura deny water to a dying person, this often happens with the next and immediate cause of inheritance where characters tend to appear this ilk, who for more "INRI" typically family members).

To summarize the current scenario is the result of evolution and rules of the game that can not be changed so radically, because this is what you get to destroy the very scenario. So bakers who control the pan, and difficult for us to move on without him, would become the masters of the world, but other measures would be taken not to leave with it. So we should understand the value referirdo to a situation and to comply with rules that allow us to live together and improving the welfare of the whole.

Greetings

-1

# 50, Orlando

February 25, 2008, at 11:25.

# 47: True, who send them. Look to borrow up to the eyebrows just to have a floor where you can create a family ... To be Fuck! [Ironic MODE OFF]

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