March 2008
You're watching the articles of Euribor for the month of March 2008.
One of the ways to say "contradiction" in Chinese Mandarin is maodun (矛盾). Mao means "spear", while dun means "shield".
It is said that long ago there was an arms trader who was selling spears and shields, and always boasted that their spears were the best in the world and could pass through any missile shield, and that their shields were also the best in the world and that no launches could pass through, until one day someone asked him: "and what would happen if one of your spears is facing one of your shields." And so comes the word for this idea, formed by the union of "spear" and "shield".
In Spain, is said also contradicts "Easter holidays" because I can read the following news:
This can have a positive reading and that is in front of the various indicators that we have on consumer confidence, and other crises, it seems as if it ignorásemos and the economy continues rolling with a huge inertia which may or finished out of the recession . Now it looks like.
From the little news we have in a day semifestivo with stock exchanges closed is the 'hole' in the boxes that reaches 40% of its results due to deterioration of their assets. We have commented here a few times, the delicate situation of the boxes because of the risks they have run and suexposición the real estate sector.
And look at the Bank of Spain has warned for many months, an institution that certainly is not short on correcting Solbes reducing the growth of GDP in 2008 to around 2.6%.
If only a year ago, the central bank forecast that the Spanish economy would grow this year by 3.1% on average annually, is now very likely that the Gross Domestic Product advance to stand at a fork between 2.5% and 2.7%. Far, in any case, the official government estimate, which maintains against all odds to grow 3.1% this year
As strange news, we have that consumers are not fools and reported to Media Markt. This is called raising crows ...
Written by Carlos Lopez on March 24, 2008 with 105 comments
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As today is a holiday in many parts of Spain, I do not feel like it early and be a medium economic topicality gas, I leave with you a phrase from the movie "Trainspotting" (Danny Boyle, 1996) to reflect and animate the area during reviews the weekend.
I am going to be like you: work, family, you Cagas big TV, washing machine, the car, the team compact disc and the electric can opener, good health, low cholesterol, dental insurance, mortgage, flat, sportswear, clothing brand, DIY, teleconcursos, junk food, children, walking in the park, hours of 9 to 5, play good golf, washing the car, stylish sweaters, Christmas with the family, pension plans, tax ... to muddle through by looking forward to the day when the palm.
Renton in Trainspotting
Written by Carlos Lopez on March 20, 2008 with 142 comments
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Would you have ever wondered where it comes from "a woman of órdago"? And where is the floor órdago?. Fortunately, someone took that question before me, so I take to cut from there and paste it here.
The year 1742 is a year noted in the history of Mus, in the year, what barbarity, which invented the Ordago. He was the inventor of the beautiful bluff Vizcaya Murrikaechandizolategui Xanthi, to join the Basque words "or dago," which, he explained himself after Xanthi, meaning "there is" something that nobody has addressed confirm, to give envite understand that was the final, in which he played all the many missing something of a hero to open tomb, the shutdown and come to the game.
The motive for the impetuous challenge was that the Vizcaya was quoted in the atrium of San Ginés with Sotomonte Dona Lucia, the lovely lady who had promised a sonnet - at that time were promised things like that - singing the beauty of their eyes. Xanthi was confident that if praising the eyes of Dona Lucia with a hard enough, the lady would allow him to contemplate in privacy other charms, also worthy of praise. And as that game was being repeated envites long with a single stone decided to complete it at once, all played so many missing only one envite: the Ordago! Xanthi lost his departure - caught the anti-laden Reyes - but came to his appointment, gave the sonnet and, as planned, she went to bed with the beautiful maiden, it ceased that afternoon - to a órdago virtue, called his feat the Vizcaya seductive -. A few months later he was forced by the father of Ms Lucia to marry her, when the outcome of órdago beginning to become apparent.
Dona Lucia, who was honest but authoritarian and bore him a tip tremendous slaps her husband when, to write a sonnet praising one of its charms, is bogged down in the second quartet, which is something that often happens, and regretted having been married to scream with a similar pointless.
From here comes the saying that a woman is "órdago", both by referring to its beauty, because of Ms Lucia led the successful invention, as to qualify for tarasca, Witch and correcalles what turned out to the end.
The voice of Ordago! since then continues to resonate in the items with tremolos and threatening apocalyptic, putting in Mus such tremendous emotion that distinguishes him.
The modern version could be.
The year 2008 is a year noted in the history of the economy, the year in which barbarity which lowered rates 75 basis points in U.S. coup. He was the inventor of the beautiful American bluster Bernanke to put together the words "this is going down" to publicize that it was the final envite in which he played all the many missing, something of a hero to open tomb The shutdown and come to the game.
CONTINUES (more ...)
Written by Carlos Lopez on March 19, 2008 with 135 comments
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If we speak of people affected by the financial crisis, I think the poor Joe will have a prominent place in history.
This figure was in September of last year's brilliant idea to buy 7% of Bear Stearns for 860.4 million dollars. Today, with this investment has lost nearly $ 800 million, because the shares have fallen more than 90%. As you can see, this crisis is that banks may even survive the crack of 29.
Currently, Joe lives in Patagonia and Argentina as if he were the villain of a James Bond movie, there are many rumors about what is happening in his mansion, he hit part of the rumorología.
Lago Escondido (Hidden Lake) is part of the ownership of Joe Lewis an Anglo-American Mogul linked to multiple interests in Argentina. In turn is owned companies dedicated inter alia to the genetic experimentation that some say suspiciously be developing laboratories for this purpose in southern Argentina, all under the parent company of Lewis, Tavistock (www.tavistock.com).
It also now intends to deploy a powerful communications center in Patagonia (Patagonia I) that will add a second center (Patagonia II) on the Atlantic coast also in Black River.
I live in Patagonia U.S. via Chile, crossing the Andes, bypassing the telephone companies in Argentina and boycotting and cleaning the area of SME Broadband.
Sounds interesting right? Do we help the crisis to eliminate evil tycoons are ready to conquer the world?.
The news of the day I can not write them because this is an article scheduled and has been written at night, therefore, the most prominent of these hours is as follows:
As for news of the day, I leave with you to get in the zone of comments, that server can not at this time 
Update (13:36): Good news. The markets were very much concerned about the accounts presented by Lehman Brothers and Goldman, thinking that might follow in the footsteps of Bear, but on the contrary, both banks have submitted accounts better than expected.
Written by Carlos Lopez on March 18, 2008 with 236 comments
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Much uproar has mounted Berlusconi in his last televised speech to recommend a girl with precarious work that is casase with the son of a millionaire. And why not short as it is the quickest way and depending on the waiter, also enjoyable.
And what happens to men with a precarious work? In my eagerness to avoid work at all costs I have searched the single gold here and you pass that produced a list of the FHM (although I've got 20 minutes)
Since heirs of fortunes until actresses, singers, models ... Tamara Ecclestone, brown bellezón of 23 years and daughter of Bernie Ecclestone, the Formula One magnate, took the pole position in the list.
It is followed by the voluptuous actress Scarlett Johansson, the nearly ubiquitous and controversial Britney Spears and sensual model Gisele Bündchen. A friend of the lists, and the Spears, Paris Hilton, took the fifth. The Spanish representation in the classification is broad.
The open model Eugenia Silva, who ranked number 11. Vicky Martin Berrocal is in the fifteenth place. It was followed by Marta Ortega-daughter of Amancio Ortega, creator of the Zara-emporium and Penelope Cruz; are the numbers 16 and 17, observed.
Olivia de Borbon (24), Tamara Falcó (39), Eugenia Ortiz Domecq (41), Maria Leon (47) and Carla Goyanes (48) also appear. The girl Anita Boyer closes with the last post.
I comentabamos the other day, which must be independent to marry another person with a minimum and whether it is better with two. Although, paradoxes of life, the real estate sector sees light at the couples that break. In essence, a marriage that lasts more these days is that we have with the bank and the mortgage. You know, a marriage of convenience, which by the way, if looking at the Internet there are a few request.
CONTINUES ...
(more ...)
Written by Carlos Lopez on March 17, 2008 with 155 comments
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Usually when we talk about gold, we think of jewelry, but the history of this noble metal leads to interesting curiosities:
The first Olympic gold medal was presented in 1908. Before then, the winners received silver medals. The gold medal today is really silver, with at least six grams (0.21 ounces) of pure gold. - The images of Neptune and Uranus more detailed and more accurate were captured by the Keck telescopes, which used the gold-coated mirrors.
- Each phone contains gold in the miniature transmitter in its mouthpiece. Because of its ability to carry a sign higher, gold is also used to cover the phone terminals and cables that connect.
- Airforce one, the plane used by the U.S. president, is protected against the missiles' heat-seeking "with gold-plated reflectors.
- The crown in 1922 found in the tomb of Shub-ad, Queen of Mesopotamia seemed even taking new 4000 years. The gold is gold forever and not aging.
- It has initiated its use in facial creams or skin.
- One ounce (31.1 g) of gold can be stretched into a wire of 100 km
- The gold can be hammered so thin that a glass can be crushed on an entire football field.
- The largest nugget weighed around 70.8 kg and was found accidentally on the surface of the soil in Victoria, Australia in 1869.
- Even though gold is rare, it is easier to find that the ability to win the lottery.
- The total amount of gold found in the world from 3,900 BC could fall into a bucket of only 18 meters per side
- In Egypt, at the beginning of its history, silver was more valuable than gold, because it was found less frequently in the form of seed. (which is the law of supply and demand ...)
And finally add a new one:
I remind you that we are talking about the beautiful gold, that much like the women, not the black gold, which they both like to Arab sheikhs (well, they like all gold) but the similarities, economically speaking is so large. The fall of the dollar is already something amazing and investors, who fear the American economy took refuge in foreign currency and raw materials, hence the increases in gold and euros.
And look who the Americans are doing everything possible to lower the credit crisis by bringing to the firefighters to inject liquidity, to which the question is, Who pays and how the macro-injection of funds carried out by the Fed and the ECB? because that money will have to leave somewhere right?
Most of that money get the money that banks in different states have to enter a binding law in the respective central banks and amounts to a small percentage of their deposits. In most European countries (including Spain) this percentage, which serves as a guarantee or warranty is 2%. That means that if the Spanish bank captures a client and get deposited into your savings institution worth 6,000 euros, a figure that the bank can dispose of 5880 euros to its activities and is required to deposit 120 euros (2%) in The Bank of Spain (now integrated into the European Central Bank) and this money will not be able to play.
That figure is called a captive cash ratios and the sum of all these guarantees is what are the main reserves of central banks in Europe and worldwide. However, monetary institutions also have additional resources obtained through the sale of its gold reserves (used in the past as a guarantee of the money put into circulation by these institutions) or regular auctions of money to private financial institutions .
That's what made the Bank of Spain a few months ago, selling gold, pity that it did so in bad times and already lost a whopping 1,500 million euros from the sale of its reserves.
The gold price has now reached a historic high at breaching the psychological barrier of $ 1,000. Since 2005, the Bank of Spain has emerged from almost half of its gold reserves, under the excuse that the metal "is no longer a profitable asset," according to Economy Minister Pedro Solbes. As a result, the Government's decision casts a loss close to 1,500 million euros.
Thank goodness it was not profitable ...
But eye, because as saying in El Pais is not all that glitters gold, at least in offers mortgage.
The battle to win over mortgage has only just begun. In a difficult year and is scheduled to be it, the entities are launched to sell their products in an increasingly appealing. Of course, resorting to advertising, the more surprising best. And in this area, as almost always happens, it is not all that glitters gold. The Users Association of Banks, Insurance and boxes of Spain (ADICAE) analyzed almost thirty flyers and none of them has proved to be "clean of dust and straw."
In its publicity "words are repeated as easy, convenient, simple, advantages, tranquility, flexibility, free, it is possible opportunity" that "is exclusively directed to the consumer to take a hasty decision which may entail a hiring irresponsible product, or Product not suitable. "
So Ojito with sellers of scrap!
CONTINUES .... (More ...)
Written by Carlos Lopez on March 14, 2008 with 220 comments
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