A place where there is no crisis.
There is a place in the world where there is no real crisis where constantly being bought and sold real estate speculation rather than a pure and hard, where the champion of champions, as it could not be otherwise, is a Spanish. We speak of Monopoly.
This game more than 70 years is modernized with the times and the most obvious example is that tickets have gone from using a credit card to each player Will there come the liquidity crisis?. In its international version Spaniards have been fortunate to have a city, Barcelona, which has been performed with the image of a bullfighter.
I recently read an interesting article titled: What things have in common with real life and the monopoly?.
- The bank always has the shots.
- If you want a loan you have to mortgage your property. The interest rate is set at 10%, in real life we are already reaching these values
- The speculation is the order of the day.
- The money calls the money.
- There is no mercy among the competitors.
- Luck plays its role, as in any business.
- Create powerful groups is a good strategy to compete.
- If you run a lot can go to jail (in the game: if you get doubles three times, in real life: you know).
- Gathering the 200 € that give us every time we went through the box output (in real life this would amount to the monthly payroll) we will never rich.
- "If you owe to the Bank or any other player more money than you can get your possessions, you'll be declared bankrupt and you are out of line": As life itself.
- "The richest player wins."
As discussed in the article, The monopoly is a true school of entrepreneurs, because they simply playing is an entrepreneur who has the wood.
Regarding the monopoly of truth, that with bricks, mortgages and notaries have to house prices used falls to 15% by adjusting the CPI and is at minimum November 2005.
Prices of three years ago. The average price of housing used in the free market is marking its lowest level since November 2005, at 2677 euros per square meter, according to the latest data from the index produced by the IESE business school for the real estate portal Fotocasa. The fall on-year in August reached 8.4%, while slashing 10% from the peak reached in April 2007. This indicator, which has historic series until January 2005, is based on the price of intent to sell and its variations, so it can be seen as a barometer advance in the sector since it is based on the bid prices, not demand, and in the current paralysis in the sector tend to be above the final prices.
In this case, we speak of a study, no official data, however the statistics around this area are so confusing and unclear that it is impossible to know the real development. For example, here we talk about the "price of intent to sell" and the truth is to do a study with intentions does not seem very scientific.
Today we will have a news conference with Trichet which makes sure that the dancing Euribor tomorrow. Let's see if it remains firm in its fight against inflation or has been influenced by the figures of economic growth in European countries. Yesterday, a German deputy minister said his country could fall into recession.
So in this environment, it seems that we can only look to the oil and said the IMF as well: It will be easier to deal with the crisis if oil drops to $ 100.
Written by Carlos Lopez on September 4, 2008 with 263 points.












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# 1, lui
Good morning everyone