July 2008
You're watching the articles of Euribor for the month of July 2008.
I could read this blog, the biggest lies in the history of which rescue 10:
1. Bin Laden was not the first to attack the U.S. in its own territory. The "merit" it corresponds to Pancho Villa, who cross the Rio Grande in 1916 and attacked the city of Columbus, New Mexico, where it killed seven people. The invasion lasted less than ten hours.
2. The three caravels Columbus were only two. The pint and the girl. For the third ship that participated in the discovery of America was a nao, other larger boat. Her name was Maria Galante, but Columbus renamed the Santa Maria.
3. The Witches of Salem were burned at the stake. But nobody thinks that the pardoned. In reality were hanged, which was the penalty that communities Protestants and Calvinists used to dictate to the cases of witchcraft.
4. Napoleon was not so short. In fact, average 1.68 cm., A height acceptable to his time, and even exceeded by 4cm to the Duke of Wellington, his great enemy.
5. In Casablanca, Bogart never pronounced the sentence: "Play it again, Sam." In fact, the exact phrase is: "Play it Sam, Play As Time Goes By," and recited Ingrid Bergman. To finish to ruin the myth, to which the actor Sam (Dooley Wilson) just sang, as they did not know playing the piano. The accompaniment was incorporated in the study.
6. The Vikings were not wearing helmets with horns. It was an invention of the Swedish painter Gustav Malström in illustrations he did in 1820 for the epic poem Frithiof `s Saga. The purpose of these horns was unrealistic to portray the fierce warriors of the North as being almost demonic.
7. The war of 100 years, actually lasted 116 of 1337 to 1453, the year in which the kings of England and France (countries in conflict) brought an end to hostilities.
8. The Boston strangler, Albert de Salvo, not strangled their victims. At least, not at all. Only in this way murderer of the first, in contrast to the kill another twelve strokes or stabbed.
9. George Washington was not the first U.S. president When the American revolution in 1714, a commission of notables elected Peyton Randolph, so provision for that post. After his resignation, eight people served as presidents in office until 1789, when it was finally passed the American Constitution and held the first elections for the post, in which Washington was finally chosen.
10. Walt Disney did not draw and never knew any of his famous design characters. For many years it was said that Mickey Mouse had been set up by, but now we know that was the exclusive work of the cartoonist Ub Wickers who left Disney to share the blame for a return favor.
But if there is one thing on which to lie always, is on the salary of each. Few things are as elastic in this world. If we asked the neighbor, as we pay our monthly gross salary is between 12 and whether to ask for some help or to lament, we take the net and divide it among 14.
Normal that we see in so many ways mileuristas, because within that group we can put both those charged in 12 pay € 900 (€ 10,800 net annually), as they receive in 1100 € 16 (€ 17,600 net annually).
So posts to believe someone, we will do so when we INE said the average wage rose by 4% in 2007 to € 20,157 annually, with some interesting data.
The activities highlighted by financial and energy to be the biggest salaries and wages paid to its workers and those who took higher cost in social benefits
For autonomous communities, labor costs were higher Madrid (32,576 euros), while Extremadura had the lowest (22,297 euros).
What is clear is that with inflation of 5% of the current wage increases will seem insufficient to us and make us lose purchasing power.
As for the accounts of the day, we have the Telefónica which won 3593 million in the first half (beating market forecasts).
The group, chaired Cesar Alierta said that the outcome of the first half are in line with the objectives of the group of marked growth for the whole year, dissipating in this way that the alarms had missed the cut after a forecast of Vodafone.
Article of the Day scaremonger always comes from the sensational Cotizalia, with the following item: The corralito threat prodigious Spain or the decade ahead. But the article points out some very important differences between the Spanish and Argentine.
Neither the level of banking (size and supervision), nor the development of local financial markets, or the internationalization of our business, nor the flexibility of public accounts, nor the structure of monetary debt, not even the level of Corruption can be established, starting, equivalence.
Busting this dose of realism:
The severe adjustment that must be made in Spain and it is imperative that any attempt to put a brake through various methods, internal or external, for the application of moral hazard is a major mistake that does nothing more than delaying in time the solution the problems
And finally, proof that the crisis is getting very tough: The U.S. porn industry of pastes the Gatillazo before the crisis. Does the fault?. Among other ... Del oil!
The truth is that when we talk about the hike in oil prices can only think of the shells of cars but the fact is that the cost of black gold passes bill at all levels. In fact, for a study of pornographic material, the $ 4 per gallon it costs to feed a car, greatly increases distribution costs of DVDs, whose casings are also made of a material derived from petroleum.
Urgent Update: CPI rises to advance by 5.3% in July.
This rate of 5.3% is the highest recorded since January 1997 when the NSI began to develop this series.
In closing today at 11:15 we'll know at last the average Euribor July.
Written by Carlos Lopez on July 31, 2008 with 311 comments
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A quick point: The average Euribor in July stood at 5393%.
For a mortgage of 150,000 € to 25 years and Euribor + 0.5 changes would be as follows:
- Annual Revision: +0.829%
Increased market share: 74.2 € - Revision biannual +0.895%
Increased market share: 79.97 €
The trend indicates that August could end up with an average slightly lower than in July.
Written by Carlos Lopez on July 31, 2008 with 3 comments
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I read with sadness and bitterness that the Iberian pig accuses the crisis and reduce its sales by 15% in the first half.
"The Iberian is an elitist product and is the first to fall in times of crisis," he told the Europa Press Iberaice president, Julio Revilla, who felt that to try to pull the sales will be a price cut that in some cases could reach 10%.
The slowdown is having a greater effect "on the more expensive items, such as the Iberian ham, and is causing a transfer of consumption towards other" morphologies ", as the shoulder.
As I am sure many of you will still be some ham in the pantry, the best trick is not to buy another and make this last longer, thinner slices is doing for which I offer you some tips to cut it best:
These are, according to Wikipedia, the safety rules when it comes to cut a ham:
- Employing a portajamones that is well-fixed and will not slide, with ham or clung to him in all his addresses. This step must be guaranteed by the cutter ham before you begin.
- While the court is the left hand should be placed at all times to greater height as the hand that operates with the knife. If it is left-handed regulation is the opposite.
- If the knife is sharp or not to do strength
- The court should be slow and deliberate
- Caution should be retained by the body into a position as possible withdrawal of the cutting area.
To which, courtesy of the house, add:
- If the knife goes down, not lame.
In the investments we have similar rules for safer investments:
- Employing a broker or bank that is not "slide" too. Who better to ensure we are working.
- If the market is very sharp and dangerous, the better we get. Nor with the right hand or with the izauierda.
- Investments should be thought out and breaks starting with little, and there will be time to increase investment.
- Precaution should invest only what we can lose. Not empacharnos better.
- We must take this as an investment, not as a gamble. If we see that we feel bad, better leave it in time.
To which add:
- If the knife goes down, not lame.
Are you happen to catch a falling knife is that ham? What chances of tendríais picked up by the handle?. Exactly the same thing happens in the markets, you know, is behind the trend. This same advice we gave in February and many had to make the event.
Do you think this can be a good time to invest in banks after the fall?
No, we do not have been seen and all depreciation and provisions for the crisis. The banks can not give credits for purchases now. Last until the end of the year, maybe 2009. Buy these shares now is like catching a falling knife.
Anyone who grabbed the knife with both hands while falling was Fernando Martin, who now goes and becomes insolvent.
Legal sources have indicated to The Gazette that the assets of Fernando Martin, with 150 million euros and its debt is around 60 million. Mercantilist experts have pointed out that the aim of the president of the Galician promoter is to prevent the executions of the guarantees it has provided, that is, that creditors of Martins-Fadesa unable to recover their assets with their personal assets. In this way the employer's strategy is clear: to gain time to renegotiate its obligations with passive financial institutions and their creditors.
The truth is that so glad declared insolvent.
Meanwhile, the world does not stop and is a good time to take as may be estratregias defensive fusionarte with your competitor, that's what we did yesterday with British Airways Iberia, with interesting side effects as Caja Madrid will be the partner of reference the company with 10%. Eye, because it is no nonsense and that someone must take these millionaires supercontratos aircraft leasing, insurance, etc. Let's see, also, the importance of an airport as is that of Barajas.
The bet made at the time by Caja Madrid could not be more satisfied in the Madrid region, fearing that Barajas-and especially the new T-4-falling into the hands not too friendly when the airport contributes nearly 10% of wealth regional and creates, directly or indirectly, some 200,000 jobs.
And along with good news, especially for the aviation industry, we have the oil that continues to lead and falling with statements as interesting as the president of OPEC, which states that current price of oil is "abnormal" and could fall to 78 dollars.
"If the dollar continues to be strengthened and the political situation (on Iran) improves, so long term price will drop around 78 dollars"
As you see, one day very movidito to be a July 30, birthday of my beloved Clive Sinclair. Congratulations, Sir.
Written by Carlos Lopez on July 30, 2008 with 304 comments
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Despite tremendous sin of articles in newspapers, there is a phrase that I did not finish like it and is one of "Pessimism does not create jobs." Indeed so, but not create or pessimism or optimism, the often create businesses and entrepreneurs, who generally are realistic and know how to take advantage of the situation at the time.
A clear example is the wonderful business of defaulting:
If real estate funds and real estate companies have abandoned their interest in Spain, the same thing does not happen with the multinational recovery of charges for which Madrid has become a favorite of their capitals. A pioneer in Spain, the Swedish Intrum Justitia and French Contentia and Effico, he had joined recently, Norwegian or German Aktiv Kapital GFKL, which have been made with Spanish firms. Or the British Financial Link, which landed directly. If the business before it was given to the buyers, is now charged to non-compliant.
In Spain we had a company with vast experience in the industry, it is the collector of fractions and is lined with the crisis because it caters to 40% more cases in Spain.
"The phones burn in our headquarters. We have registered in just five months a 40% increase in the volume of services requested, because it is repeating the crisis of 1993-94, "says the commercial director of the signing, Juan Carlos Granda.Sin However, the worst is to come . "Every month we have more customers, but in September we expect a massacre," added Granda. The area north of Spain is the least defaulting show, according to the statistics of this firm. In contrast, in the Valencia and Andalucia have jumped alarms at the high number of debtors that has left the crisis in the construction sector at all levels: in the recruitment of workers, sale of flats, land ...
It seems that in this country to work we will have to change the monkey on the tails.
At collector fraction of it has left many competitors, all with a similar approach but with different costumes and we can see them dressed in Scottish piper, with a layer of Spanish knight of Zorro, the Clown collector of Tunø university, a Franciscan monk from (the monastery's collection) of the godfather of "Cosa Nostra" or even Pink Panther, the latter being the most that has had international repercussions, as in this, if the Spaniards have much R & D.
Another is that despite the decline continues as it is healthy Banco Santander which improved their performance by 22% in first half 4730 to win millions.
These results have been achieved in a very complex economic and financial that has caused a large number of global financial institutions, which compares with Banco Santander, have reported losses and have announced significant expansions of capital. In this environment, Banco Santander has increased its profit per ordinary share (EPS) 14.3%, reflecting its management capacity.
I Keep removing his hat before Booty and we can say what they want on their brutal profits but we will always have the opportunity to participate in them buying shares.
However, customers are not very happy with the bank since the rise in the Euribor shoots claims against banks and boxes.
The claims of customers to the Bank of Spain have grown nearly 10% in the first half with respect to the same period of 2007, mainly due to complaints about the interest rates on mortgages, which have risen substantially by the rise in the Euribor .
The Santander was the bank that moved to a larger number of claims in 2007 between the major entities, with 374 compared with 614 a year earlier, ahead of Banesto, with 238 in 2007 after receiving 230 in 2006, and BBVA , With 203, which improves and reduces from the 236 it received last year.
And finally, we look at the latest warning from the IMF on the impact of financial crisis on the real economy
What worries the Fund is that banks have increasingly difficult to attract additional capital. But above all, that the adjustment in the financial sector affected "negatively to the real economy." To that is added the problem of inflation, complicating the job of central banks to find a balance between growth and financial stability.
I am not bound to be surprised by the term "real economy", which makes me think that until just over a year we lived in a "dreamlike economy."
Written by Carlos Lopez on July 29, 2008 with 332 comments
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According to the philosophy Gómica, the fish counter to anything that dies electrocuted. It was never good to go against the rest, I say to you today that I return from my holiday when many are going.
Have you ever you have wondered why there were so many rich people who have no idea of economics? (Look in your environment, you know somebody) And why many economists do not match or an illustrious?.
The Budget is simple, people who do not know what economy and always assumes that others are going with the flow, buy when everyone is buying and selling when everyone does it. While theorists are trying to not be as simple and trying to go against. We must always go with the trend, this is the golden rule in the markets, although we must be very careful because the first sign that it is just that we sell.
Curiously, the salmon, nothing counterflow that the fish is the color chosen for the role of newspapers in economics. Is it a signal?
The good thing is that the economy is cyclical and history tends to repeat itself, we have also developed some indicators that allow us to see if the trend is coming to an end. Therefore, if we have been looted in this crisis, because for the next patient who has to be prepared and the lesson learned.
Building on that Prince Naruhito of Japan has been by Spain, in Cotizalia cast a glance at what happened in Japan in the 80s.
The fall in the value of the property caught, first, the giant real estate in the country, after the banks and in the middle, citizenship. ¿Consequences? For a period of unparalleled expansion is moved to another recession with inflation and, years later, another recession with deflation. Companies and banks took advantage of the current speculation around the bag to the ground and to invest large amounts of capital that later was evaporating as the crisis worsened. According to Goldman Sachs collected in a 2004 study led by the head of equities for the signing Peter Oppenheimer, this deterioration was due to the failure by government to act before the problem, as well as at startup. "One of the lessons of the crisis in Japan is that the adoption of restrictive monetary policies deepened the crisis at the time," he says.
Without doubt, a very similar (though not comparable) that we see in Spain and the USA. As we see, crises are cyclical and mistakes as well.
One of the examples of companies that know when to buy and when to sell is the Banco de Santander, which after its recent acquisitions is poised to make cash from the sale of its insurance division. Although often do not understand what makes Booty, the time you just give the reason, as well commented 2 weeks ago in Gurusblog.
I promise that my time has become a real hooligan supporter of Don Emilio Botín of Sautuola Sanz and Garcia de los Rios. I think today is what I call a hidden asset and the main competitive advantage of Banco Santander in respect of other first-tier banks
Without doubt, is doing better than the BBVA today presented results with a net profit of 3.108 million through June, a 7.9% less. And eye, with an NPL rate of 1.15%, 0.86% higher than June 2007.
As such, friends, nadéis not been reversed or he electrocutaréis.
Written by Carlos Lopez on July 28, 2008 with 284 comments
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Today is a day that could give enough to talk because the government has downgraded seven tenths, to 1.6%, the growth forecast for 2008 but, as is Friday, James and also a lot of people are on holiday, leaving only the commentary of the week and we go every weekend to rest.
# 30, Maryju
July 24, 2008, at 10:51.
Hello everybody, that no time to write, I've been matándome to work and the truth is that I have not had any time, the right to go leyéndoos and a little bit ... But last week there was a post called me that much attention, as many of you, is that of health, money / work and love, priorities in life ... And he has a lot of true ... I would like, if you let me, a little contaros my experience, now I'm on holiday and I have a little ...
Despite the fact that "only" 26 years I know what it is to live without health, without work / money and without love ... Also what is to be without any of the 3 things ... The theme of love is like everyone, people are going and comes and relations alike, you take disappointment, disillusionment ... nothing new that you may know not. The theme of money deserves a little more explanation ... When the crisis of the 90 put things more serious in my house I was about 12 years or so ... I personally at this age that was not suffered to reach the end of the month and pay bills (such as certain that you have suffered many Forero older than me) but what is see my mother looking mourn the bank passbook or nearly empty fridge ... And that for a girl, who failed to understand what is happening is also very hard. Alice Chaos ever since I've been saving to live but I did give me much more aware of the importance of money and save and manage know when you have it ... I now see people in full entry to another crisis happening all over, misses home the window with the European football championship, do not forgive the holidays, continue to spend and to waste and I do not understand anything ... Is it perhaps because no one remembers what we cry watching the bank's book 14 years ago? Is it that I'm the only one in Spain which saw his mother mourn for not knowing how to fill the refrigerator so that their children eat? It is true that the Euribor up up is always a bit tiresome repeating the same thing about saving save! (Euribor is up up right? to see if I have bundled ...) but has more reason than a saint, but in some ways to save does not agree with him (as evidenced in the pants in a store and then not take me looks like a trailing Pelin), each must find his way to save miguitas bread for the economic winter that is the way na ...
Then there is the issue of health ... It is sad to write this knowing that nobody will be worth nothing, because until you get something like this happens not learn, do not you realize what you have ... And it was because I But it has happened ... is because I need to write it like ... 2 years ago I suffered a serious accident that almost leaves me in a wheelchair and changed my life for quite some time ... It not only lost health, but was unable to work ( in fact could not do any activity other than lying in bed) and also lost the love, if you can call them that when someone sees that things warp and is no longer fun to be with you are looking for another ... And now is not only the loss of physical health, but also all the psychological problems that led to this: Complex, a feeling of futility, agoraphobia, anxiety, disgust and sorrow of myself ... I felt a human spoils ... Let that was not exactly the best stage of my life ...
All these experiences have helped me grow, mature and form a personality and a scale of values.
First is health, because without health you can lose everything else, is the base of this pyramid, the basic pillar, but it is sad that only when we realize we were broken. And health is not being perfect, we all have our little things, my back will never be the one that was, but it fills me with happiness every time I think it hurts but at least I can tell stand, I can run to catch the bus or I can stoop to play with my nephews or my dog ...
Second is the work, with exceptions that would be counted happy the whole day lying in the sun (and I doubt very much that never tires of a life well soon) I think we all need to feel useful in this society, to contribute to that wheel turn, create, help ... Unless the parasites of society to which I shall never ... I can finally get back to work and I feel really helpful and happy when my work contributed to solving the problems of others. I am also happy when I come home tired from long hours of work and lying on the bed as I think after that day I am a little bit closer to fulfilling my dreams ...
Lastly is the love, right now I'm starting to get to know a person, I do not have a relationship, but it's nice to feel that illusion of when a story begins ... Even so, you can live without love, I assure you, but it has cost me I have learned to do it, so you can not miss is never the love for oneself, to accept us as we want and value without feeling the need to have someone next to us telling us how much worth and what we are handsome ... It is quite important ...
Well forgive all this pain, the truth is that something is carrying around my head since I read the post and that I have finally been able to translate here ... Holiday Blessed!
Comrades, let me comment that if the thing is getting ugly, but while we have to work for health, employment (better or worse) to earn money with which to fill our refrigerators and our partner's love, family and friends, everything will be much easier, or at least should be ...
Plasma TV, the Wii, the latest phone model and the holidays things are secondary, dispensable, for anything that gives us happiness, unlike us create the anguish of not able to achieve, we do believe that we can not be happy without a new car, a 42-inch TV, a home theater equipment and a vacation in Riviera Maya, but ... Until when are we going to let us fooled? Look around at your peers, the better the Euribor is rising, prices also, the money scarce, but ... Are you sure that we do not have everything you need to be happy? I think even what we have ...
Greetings.
Maryju
PS: Sorry the speech "I hope that at least someone has made him think and feel a little better with what you have in place so bad it does not have ...
Good weekend.
Written by Carlos Lopez on July 25, 2008 with 300 comments
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