Confusion of confusion

"CONFUSION confusion, Dialogues between a curious acute philosopher, a merchant discreet, and a shareholder scholar" is the first book bag of history, written in 1688 by the Spanish D. Jose de la Vega. Os leave a few lines of the book, I've found here.

Philosopher: And what business is it that, although I have heard many times from him, nor understand it, nor have I applied to understand, I have not found any book that speaks in him to understand that?

Shareholder: Well I say that I do not know anything, oh Barbón [bearded] friend, because you have no knowledge of business a enigmatic, which is the most real and most true is that Europe, the most noble and most infamous hearing world, the finest and the most rude exercising the globe: the map of science and epitome of entanglements; touchstone for the attentive and stone tomb of daring; treasure of profits and incentive of increasing, and ultimately a portrait of Sisyphus that never rests, and a symbol of Ixion who always walks in a wheel alive.

Filósfo: Did not he deserve my curiosity a short epilogue of this lie, and a statement compendiums of this enigma?

Merchant: I, too, I beg of you, poker walk so tired committees, cargazones and turns, I would like to apply to this new job, to see if I can aquistar a fotruna and exit at the cost of risk, so many endeavors.

Shareholder: The best and most amusing of all is that, without risk, poddéis der rich, and without exposing the flow of storms, for the [correspondence], disbursements, warehouses, transportation, ATMs, bankruptcies and other accidents unthinkable, are ruined by achieve affluence, moving only the name in the deviations: So if the Hebrews, in suffering from dangerous diseases, move the name to get the improvement, enough to recognize that shareholder is wrong, move the name to get rid of all the dangers that it threatening, and all that worried Rider. "

The book also gives us some interesting tips:

• "If distrust, not ordered, and if ordered, no topic"
• "For what you, yourself, advises a discreet"
• "Ostentatiously with a proud feat is not defeated, but cowardice"
• "There is no delight bolsistas whose weaving nets, hooks, but do"
• "Not wanting to put the biggest gain greater danger, but little to win and win safe"

Interestingly, as after more than 300 years many of the tips and principles listed in this book remain fully valid.

Now if I were to write a book describing the current economic situation, it surely also entitled "Confusion of confusion." If not, that is to say what the poor Icelanders, a small land with many natural resources being one of the countries most affected by the current crisis. So what we have in the world: Iceland, a small country frozen by a huge financial crisis.

Since the beginning of the year, the Icelandic krona was devalued by 25% while the stock market has plummeted 40% since last summer. In addition, inflation rises to 6.8% and interest rates reached 15.5% last week. On the other hand, the game in its trade balance is charged, mainly because of the consumption expenditure in recent years.

I commented the other day on the blog friend "Gurusblog" in his article "The Hedge Funds attack Iceland"

Probably, this olvidad island of 300,000 inhabitants is the main victim of the credit crunch that began last August. It is somewhat paradoxical that one of the countries with the highest income per capita in the world (about 54,000 U.S. dollars), with an unemployment rate touching 1%, a country with the fourth highest rate of productivity in the world and that 99 % Of the generation of electricity comes from renewable sources, and whose economy had grown at rates of 4-6% in recent years, seeing this now with all of its financial system (banking and state) is in check.

As you can see, we are talking about the paradigm of sustainable development and can be ruined.

But if we talk about confusion, are the growth projections for this year in Spain. The government says a figure, the IMF said the half and reached the Bank of Santander and is left between the two, saying that he believes the Spanish economy will grow by 2.5% in 2008.

Banco Santander estimates that the Spanish economy will grow by 2.5% in 2008, more than one percentage point less than in the previous year (3.8%), as a result of unfavorable climate and the adjustment of the real estate sector.

This forecast is above other much more pessimistic as the IMF (1.8%), Func (2%), and even the Bank of Spain (2.4%), although it remained far from the 3.1% who still holds the Government.

Well, at least everyone thinks that something we grow ...

And to end debate and revive the "rent vs. buy" and stop talking about transfers (with their respective synonyms) I leave with you an article that appeared yesterday in The Country: Spain wakes up to rent.

Written by Carlos Lopez on April 21, 2008 with 195 comments
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