Buy a Frac
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 points.









(4.75 out of 5)
# 1, ignorant
Good morning,
Yesterday I went through a car dealership (Ford) to see a new model that interested me because my car starts to fall to pieces (with 12 years is well written off, no?).
I was going with the idea that I would try either, as they say that sales have fallen by 40%.
When we start to talk about the price asked me what was my budget to what I answer that depends on how I give my car today.
My surprise was that I answered: "No we are left with used cars."
It continues with: "Well ... maybe nothing can be done through some that we know who are engaged in buying and selling ..." Like making me a favor!
Will be that there is no crisis and can afford that luxury ...
Well wing! there are left and I follow with my car, that should be saved, and I do not want to take my hair ...
Greetings