May 21, 2008

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Americans ....

One of the most famous films in Spanish history is "Welcome Mr. Marshall" in allusion to European reconstruction plan created by the American secretary of state Gerorge Marshall in 1947. Spain's plan that was on the sidelines as our country did not meet any of the requirements, mainly for having participated in the Second World War.

Basically, that plan could be found in the embryo of European unification and subsequent growth of the economy of the old continent which ultimately led to the Euro, the currency that competes more with each day the dollar. That if it is to keep cuervos.

Today we have another "Welcome Mr. Marshall" and is particular about my well-weighted and always admired Warren Buffet, who checkbook in hand, is willing to buy companies with the same ease as Victoria Beckham was buying some shoes. Therefore, sing that song you could hear in the movie Berlanga, specifically the chorus that said:

"Americans,
come to Spain
Beautiful and healthy
long live the tronío
of this great nation
with power,
Oleh Virginia,
and Michigan,
Texas and alive, that's not bad,
you receive
Americans with joy,
Oleh my mare,
Oleh my mother-in-law and
Oleh my aunt. "

In the undoubtedly economic news of the day, El Pais have also chosen the easy owner in his article "Welcome Mr Buffet" and tell us:

The president of investment firm Berkshire Hathaway did not want to disclose names or details. Only that will be companies that recorded annual net profit of at least $ 75 million (about 48.3 million euros). What we are not looking for big profits today, as their interest on them "is not geared to short-term." He did not give clues about the sectors for which tracks, but keeps an open mind. Has not even crossed out from its list of real estate companies because it is not particularly concerned about the slowdown in the Spanish sector.

No doubt, that if the company is one of the lucky traded, and its shares will rise much. The agency AFX quoted Adolfo Dominguez, Dogi, Dermoestética, Bavaria, La Seda de Barcelona and GAM, as values candidates. We will have to be very careful.

Yesterday I could hear in an economic famous radio station, which Warren Buffet did much of his fortune thanks to the Internet Start ups in the middle of the boom. Com. Curiously, at the moment I'm reading his biography and I can say that this is something totally false and that Warren never invests in businesses that do not know (prefers investing in Coca Cola and Gillette, for example). Ya see, to rely on radios and economic presses ...

What is real and must be rubbing your eyes to believe that either we see is the price of oil. Seems to lie, we saw nothing but the barrier of $ 100 like that, as a barrier and almost without realizing what we have at $ 130 and this has to continue to rise pint and go for very long. It's like what The Economist called in, "The day of the marmot oil":

"Another day, another record oil. Do you not think that every day we get up with the same story on a record of energy and a falling dollar? ". The quote is from Kevin Kerr, an analyst at energy of 'Outstanding Investments', a newsletter devoted to tangible investments (real estate, raw materials), which may Agora publishes a Financial (what sounds to me that me?). Well, Kerr raises the question that we all do: When did you finish the climb of crude oil and how far they can raise prices?

Their response was very encouraging for investors in this market and depressing to others: "I think the answer is that the oil can rise and rise much more, and that this summer will be extremely painful for U.S. consumers, myself included." His short-term goal is 140 dollars. A level which is just around the corner: a barrel yesterday grazed the 130.

Posts to make another similar film, we could talk about Buzz Light year from Toy Story and say that the price is going "to infinity and beyond."

Meanwhile, we have the data from economic growth to continue its path of rapid deceleration.

The sharp slowdown in consumption and investment were falling in the first quarter growth of the Spanish economy in eight tenths, to 2.7%, while employment increased only 1.7%, according to data from the National Institute Statistics.

Ojo, because we think "A 2.7% is not bad, and might well be all crises." If we look at quarterly data, which comes to us from January to April we have only grown by 0.3%. Because among other things, household consumption slows to 1.8% in first quarter

It is what it is, being all day glued to the computer. Exit out there, take a cane and do something for the economy of our country.

Written by Carlos Lopez on May 21, 2008 with 257 reviews
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