May 26, 2008

You're watching the articles of Euribor for the day on May 26, 2008.

Money from heaven

Much is spoken in the price of a barrel of oil but do you know how many liters it?. As with these things, those who are Americans, the answer is measured in gallons, namely 42 or what is the same, nearly 159 liters. So doing accounts, leaving us that the price of a liter of oil is just under $ 0.85 or whatever it is the same € 0.54.

Yesterday I read in the pages of salmon following the El Pais article: Mineral water at the price of gasoline, we consider the following:

Two half-liter bottles of mineral water brand Fuensanta, in the cafeteria that serves the staff of this newspaper, cost a few cents more than a liter of unleaded gasoline of 95 octane at the pumps in the nearby service station that flag Repsol. There are few businesses as round and as simple as packing of the water and sell it for consumption as an alternative "healthy" to the pitcher and faucet. In Spain over a hundred companies, led by several multinationals, and some 4,500 people, including direct and indirect employment, living in this lucrative invention generated in 2007 and together, according to the National Association of Water Companies Beverage Packaging ( Aneabe), a turnover of 850 million euros.

Curious, bottled water costs up to 1000 times more than the tap. Although it all depends on what cojamos water, for example the "Bling H2o" that rises in the modest amount of € 50 a bottle. Here that if the package is more expensive than the content because the bottle containing Swarovski crystals.

It appears that the water there is not much competition with beer, proof of this is that in some places of Great Britain branded white beer is cheaper than bottled water.

That this world, now that gasoline is more expensive than beer, and it costs more than water ... Good thing we had left a rainy May and who knows if this will raise our GDP.

Fortunately we do not have to water as wild speculation like that of the black gold, where 25% of the negotiation is in the hands of speculators. Attentive to this quote:

Between London and New York was quoted at a daily amount of oil that exceeds 10 times the actual consumption.

So it would not be surprising to see him make contributions above $ 150, as many experts point out.

"In normal weather conditions and geopolitical oil should reduce the speed of his career rising prices, but there is so much instability that fork in the price of oil is between 60 and 150 U.S. dollars, reaching the latter price in the event that Violent cyclones had this summer in United States

Okay, I know, this blog is called "Euribor" and we should talk about interest rates, mortgages and other, but the inflationary burden which we added the raw materials is so strong, which prevents Trichet to lower rates, so we have to follow with special interest. However, far-fetched story that the next meeting could be entitled as a riddle: "What is Reverse, rechargeable and floating?". That's ... New types of mortgages have low demand. Let's see what it is.

The reverse mortgage. Product is targeted at people aged 65 years and dependent owners of a home. Aims to be able to sign with the finance company a mortgage loan from his house by which receive a regular income until the moment you die. The amount of those monthly payments will reimburse the bank will depend on how old you have to hire its credit and the state of the property.
The mortgage rechargeable was another major developments with which it was presented in the company law reform undertaken by the Economy at the end of the last legislature. It was designed in an environment of rising interest rates in order to make more bearable to households that tightening access to credit, after a decade of very cheap mortgage rates. It provides an opportunity for owners to re-borrow the amount of the mortgage and finance have already written off that way at a lower cost purchases of other goods and services like cars, travel or training courses abroad, among others.
The mortgage or floating ceilings, designed to secure a single mortgage with all those obligations, existing and future, or that there could be reached between creditor and debtor, and which aims to improve the financing of small and medium enterprises. In this case, the experts blame the economic crisis and the short time since the adoption of the new rule shortage of such loans.