Salmon
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.
(Unrated) 
Loading ... Written by Carlos Lopez on July 28, 2008 with 284 points.
(4.68 sobre 5) 
# 1, Breogan
Good morning,
A fool is what ends the month and summer! : S.