After a day so tragic as that of yesterday, he was removed to a desire to write an article "light" is incredible how much we can affect any national or local accident especially when compared with any tragedy from occurring worldwide almost every day. We do not comment much, that many times we focus too much on the economic problems when other things are really important. However, life goes on, and though we find it, we must continue our daily activities, to be the best therapy good mood. To do this, I'm going to use one of my favorite directors, David Zucker who made a video recently regarding the tax could have the Americans if the Democrats come to power.
Between personal income tax, VAT, excise and others, many millions of Spanish pay more than 50% of their income to finance hence the figure of a "taxman" we are pursuing at any given time, bailiff of the estido of fractions, it is almost a reality. We never know, but it is so.
Therefore, today I propose to discuss the tax burden we have in Spain trying to keep goals off the temptation to complain about everything. ¿Estaríais willing to pay more taxes in exchange for better services?
The theorem recurrence of Henri Poincaré tells us that in a system with a finite amount of energy and confined to a finite volume space, will return after a long enough time to a state arbitrarily close to its initial state. Basically, if the universe is finite, at some point too distant future everything will be exactly the same as now. If we think, under this theory, within many billions of years you're sitting in front of a PC reading this article. Disturbing is not it?. The main problem with this theory is that the time for that to happen it could be much higher than was predicted as a total life cycle of the universe as the universe will end well.
If instead of talking about the universe, we talk about the money we find something similar but here the universe is much smaller and things returned to their status much sooner. Are business cycles, but this we do not have to resort to Poincare if not the Austrian school that tells us the following (1912) and he sounds sure.
Generally interest rates too low stimulate investment beyond what is justified by the available capital. As investors and companies loaded with cash, bid upward productive resources available in the economy, nominal prices rise to equal the amount of money. These increases are discovering the lie, reveal the illusion monetary and show that such investments were not profitable. At present, only a further monetary injections can prevent the bubble explodes, prolonging speculation and worsen the misallocation of resources, exacerbating the effects of the inevitable crisis.
The crises are cyclical simply because it is what it takes men forget their mistakes and the worst thing is that we forget also that the errors committed when arrested. According to the Austrians, the injection of liquidity because it prolongs the crisis does not allow for a rapid correction. We again ask the question, Are they always doing the central banks?.
So do not forget, it is best to look back for which I strongly recommend this article: Tenth anniversary of the historic crisis in Russia: in ten days the financial system disintegrated.
On August 10, 1998, a barrel of Brent oil, was below the 12 dollars. On August 17, Russia threw in the towel. Announced its willingness to devalue its currency, the ruble, and postpone payments on its debt, which led the Russian financial collapse. "The trigger was a fall in oil prices. Since this was a key Russian export, it meant big trouble for the Kremlin: Russia suddenly could no longer afford to pay the interest on their debts. " So, barely 13 months after the devaluation of the Thai baht triggered a crisis in Southeast Asia, the international financial system suffered a further jolt.
The stock market also sank. The RTS index, which came from a 141.8% rise in 1996 and 97.9 in 1997, yielded a 85.1 in 1998.
Cycles, cycles and more cycles. The good thing about all this, is that after we spent so many, the best ever survived.
I have always been surprised that the knife with more prestige than the Swiss army, a country that boasts of its neutrality. The story of this tool dates back to 1891 when Karl Elsen, owner of a company that manufactures surgical equipment realized that the pocket knives of the Swiss army were manufactured in Germany, at which time he founded the Association of Switzerland with a Cuchilleros single purpose: Swiss knives for the Swiss army.
The complexity of this knife has reached such a level that provides the most complete of 85 tools (see list) and you can buy at the low price of $ 1000 (which now take advantage of the dollar is low!) In this great store. Here you can see a picture of the device in question.
In economics we have another knife that we can to help find the explanation of what is happening and is "the knife Occam" which is based on a simple premise: being equal the simplest solution is probably correct. Let us take the example with which we illustrated the wikipedia:
To explain the fall of an apple to the ground, we might ask the following explanation:
Some naughty goblins invisible and undetectable have moved to the floor, anxious to annoy.
The maturity of the fruit itself has weakened the tail by which it is connected to the tree and, due to excessive weight, gravity has led to his downfall.
A storm on its way threw the apple.
All these alternatives also explains the phenomenon from the logical point of view and experimental, but the test of Occam forces us to choose the second as the most likely, since the other would force us to take a series of postulates much more complicated.
No doubt a method that helps us to find logical explanations instead of conspiracy theories. Applying this thinking to the question of why we have reached this economic situation, we have several explanations.
The bankers decided to form a loggia to dominate the world and with the help of major governments were able to virtually everyone endeudásemos for life to be their slaves for many years.
Arab countries, aware of the power they have spoken otroga oil on the global energy market and the dollar has sunk to control the world economy by sovereign funds.
The people watching it cheap and easy it was decided to ask for a loan to buy beyond their means.
Somehow, all three options are possible but to keep a job should do with the last. This principle has been fairly criticized, especially in complex environments such as physics, but it is certainly a method that can help us solve some problems.
This principipo inspired a similar one in computer science and is the famous "KISS" (Keep it simple, stupid), whose best example is the home page of Google.
So complying with the knife Occam, I conclude the article with a summary of news:
And to finish a joyita: The SEC is investigating whether several 'brokers' to affect the price of banking for profit. The regulator has begun preliminary investigations after a mid-sized Spanish bank, which prefers to keep anonymous, has filed a complaint against some of these brokers, whom it accuses of having negative reports disseminated to sink the value. The reported selling those shares in the market for later repurchased at a lower price, thereby generating capital gains to depreciation of the titles.
What bad luck that the Danes have one of the best-known phrases from Hamlet is precisely what title to this article. Let's see why that phrase:
In the first scene, and there is a climate of fear, mistrust and danger. The castle of Elsinore's sentries are nervous which said that fear of something bad, that anything can happen. Due to political instability of the era, corruption and the yearning for power, the courts were really dangerous. Also, and as an element of estrangement, to introduce in a rarefied atmosphere, where there is a change of guard at the start of the work, not the soldiers who are already wondering who will go there (for spectrum), but those who arrive When it should have been the other way around.
The truth is that neither Denmark century that differed greatly from the Europe of today. Much nervousness, fear and distrust. But now the phrase should be "Something does not smell rotten in Denmark" because it is one of the few countries that could be saved from burning thanks to compliment its banking model which yesterday discussed the always interesting Soros.
For Soros, the best remedy to this situation lies in the system of mortgage loans used in Denmark, under which, mortgages, controlled by a single regulator with great strength, are converted into tradable bonds.
The owners of a home can amortize your mortgage at the time they wish by buying bonds. Since the taxation of housing and trading of bonds tend to vary almost at the same time, the owners reduced the chances of a deal loss of value.
A very robust system and away from the chaos that has been with the subprime, which does not seem to have taken very good solutions:
After the losses announced by Fannie Mae and Freddie Mac that led the U.S. government's decision to fund with public money to these companies, there has been no change in the management teams of any of the companies. According to Soros, the directors are aware that to have the money offered to them that blank check in all likelihood lose their posts. Why will not they can to seek more capital.
According to Soros, the remedy given to the crisis of Fannie Mae and Freddie Mac does not represent a real solution, but only a postponement of it, what it does increase the risk that the estate go to crisis worse.
The subject is very complex and a priori is almost impossible to predict the perfect solution, however all we ask Did either the EDF to help these two mortgage? (which between them cover half the U.S. mortgage market).
If something is saving us this August is the corrrección so severe it is experiencing oil. As illogical has been declining as was the current rise in a few months ago, which tells us that many of these movements have been motivated purely speculative, but rather influences that demand for crude has suffered the largest drop since 1982 in USA. Come on, we have explanations for all tastes. We have already seen that trend when it is put into it does not matter what happens even now does not affect its price as the tense situation that exists in Georgia, area by passing a major oil pipeline.
We also talked a lot about what it takes to passed this fall in certain products and if the oil companies could benefit from this. But our cries as possibly the matter on deaf ears and are sure to drift into a heated argument between the usual sides, try looking through different eyes gasoline for which redemption and change something this article titled "10 things you did not know about gasoline ".
The United States, with 5% of the world population, consume 44% of gasoline worldwide.
If the price per liter you think you should know that expensive in the U.S. is about 40% cheaper ... but in Venezuela liter comes out to about three euro cents.
When lead was added to gasoline in the 20s, the inventor died poisoned, died in the first twelve other factory workers poisoned by lead. In the 80 Americans stopped producing leaded gasoline in cars.
The molotov cocktail gets its name from the Soviet invasion in Finland in 1939, specifically the Soviet foreign minister (Vyacheslav Molotov)
The singer Bobby Fuller, star of "The Ghost in the Invisible Bikini" (I suppose that someone known in the U.S.) was found dead in his car in 1966 covered in gasoline. The police addressed the issue as "accidental death due to inhalation of fuel." Some, oddly, they think that it was a murder.
In answering one of Gandhi, Hillary Clinton said "ran a gas station in San Luis." The Indian community protested this stereotype and had to apologize.
Steve Buscemi, Michael Douglas, John Mayer and Bono of U2, worked at gas stations.
Frank Sinatra called the Jack Daniel's "petrol".
Gasoline was not invented, is a natural product of the oil industry, is produced by distillation. However, as it were invented numerous agents and processes necessary to improve the quality of gasoline for a better product.
Without a doubt, a controversial product, raw material and luxury of almost all of that costs us a lot to do.
To complete this article written last night in my retirement vacation, I leave with you these 2 news that can give a lot to talk about:
Spanish banks will be the next to suffer the constraints of liquidity. "Concerns about the health of Spanish banks could add to the concerns of European banks to lend money to each other, increasing the restrictions that have affected the financial system for months," he says. According to the newspaper, the additional provisions that enjoyed by the banking ...
Home prices fall by 4% in one year according TINSA. The rate of evolution of the nominal value for taxation of housing in Spain added its fifth consecutive decline and fell by 3.9% in July compared to the same month of 2007, according to a report from the valuation Tins
