30th anniversary of a liquidity crisis

Usually when we talk of bubbles and crises in capital letters in which we lived in Japan 80, but this country suffered a liquidity crisis curious exactly 30 years ago at which time the Bank of Japan was forced to produce more coins 100 Yen (say up to 4 times as much) because of the huge demand that he had. Is the culprit? A recreational machine inspired by the War of the Worlds of HG Wells. Now was the "Space Invaders" (the marcianitos). Such was the impact that arrived to open recreational rooms devoted solely to Space Invaders.

One reason for its enormous success was that it was the first game which introduced the concept of "Hi-Score," which played the pride of the player, encouraging competition and the instinct for passing. It is curious to see how the "transparency "Show in the results was the key to its enormous sales (over 500 million dollars for operating licenses) the opposite of what that style is now in the markets.

Comparing the lack of coins of 100 yen to the current liquidity crisis is very illustrative. We had poor Japanese boy who after waiting to open the arcade after leaving school (in Japan is forbidden to open them in school hours), is found dead in the mood for playing the machine from which everyone talks but it turns out that you only have a ticket of 500 yen and nobody, except the Macarro of sleeveless white T-shirt from the game room, has the coveted coins. What happens? That is forced to accept the blackmail of change 1 500 note Yen 100 coins for 4. The same thing is happening now to banks, yesterday for example, were paying rates more than 10% when they should be 2%. There is no money and that there is paid dearly. What I say, is nothing new, is simply the law of supply and demand, but sometimes we forget that this law also works for something as peculiar as it is the money.

Can be considered that the Space Invaders was the beginning of the explosion of a sector which is currently the largest bill in entertainment and also not aware of crisis and that this year sales have risen by 15%.

Yesterday we had an "Invader" that threatened the economy, it was AIG, the world's largest insurer and as a good science fiction movie came to the last minute superhero to save humanity, in this case FED with a bridging loan of 85,000 million dollars. The situation of AIG as you can imagine it was not good, this year increased from 4130 to win millions of dollars to lose millions 7805.

So in moments where everything can not go worse, we are left with the consolation that something has to improve, that is what we read in this article Cotizalia.

Not that it is not aware of the magnitude of the problem we are experiencing, who I am. But despite this, or precisely why, I think, for the first time in a long time, the market is entering a dynamic of natural selection, Darwinian might say, in which the survival of the strongest, in this case Paradoxically, are the most conservative, will finally collect his body. And that is a reason for hope.

It is also a good time to find good bargains, this is the case of Barclays which is made with the U.S. business of Lehman Brothers million by 1750.

Said and done. Barclays announced yesterday his intention to get hold of the assets of U.S. investment bank, which on Monday was declared bankrupt, and it took less than a day to close the transaction. The British bank has confirmed it will acquire some of the largest brokerage business in the United States of Lehman by about 1750 million dollars

This, frankly reminds me a lot at a bird scavenger, but so are the markets and that is not fly (that is the case).

Finally, throw a question on the air. Did well in the EDF to rescue AIG? And why did it not with Lehman?.

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Written by Carlos Lopez on Sept. 17, 2008 with 283 points.



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# 1, condonacion_jeje

September 17, 2008, at 9:35.

Price of gasoline or move around ... but that if m timaran in the fuel but not in their shops around twice the price .... Thief!! Scoundrels!!

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# 2, Sublime, WITHOUT reviews

September 17, 2008, at 9:45.

*************************************************

'This is happening'

Today we did not play to talk about this, but I have received many mails, phone calls and addressing the halls, we are going to touch the subject. "This is happening, is the crisis?" Was the question that I made yesterday machaconamente. Another: "You already said that this would happen, what will happen now?". I recommended that read, here, the series "September" (2nd Ed. Early in February of this year), do it again.

Well, we are on the sides. 'This is now happening' is not 'crisis', is part of the crisis. Structurally, this crisis of 1929 and will be very, very similar, in fact already taking place similarities: the harangues of Bush and Paulson, the comments of Obama and McCain, the speeches of other politicians, for example, but, between them, There will be a key difference: the crash of 29 was presented to sopetón: now and then, the crisis of 2010 we are seeing come from early 2007.

What is coming is going to have the same meaning as entailing the Great Depression, in fact, now comes another Great Depression, but then, as well as the novelty of financial instruments and productive that caused the collapse was almost instantaneous, is now collapsing has occurred after the state twisted them with absolute knowledge of the facts, therefore, the system can leave preparing for what lies ahead, but the effects of what comes will be more intense because the cause is.

On the other hand, in 1929 there was no problem with commodities, resources are not scarce, even had large areas on the planet that were still 'empty' or, alternatively, could be emptied without undue problems (the last slaughter of Indians USA had taken place for less than 40 years), ie the system 'would be more'. The crisis was terrible, its effects daunting, but there were no limitations to grow, to 'go up'.

Now, however, there are problems with commodities: the tendency of the bid is low, the amount of private debt is amazing, is already producing a surplus of labor force that will never be needed. Now, the planet is not 'going over', simply because you can not go over as is gone, now aims' at least 'at a very high productivity and efficiency but at the cost of reductions in the overall GDP.

The 1929 crisis was one that, like all systemic, occurred because the speaker's way as they had been doing things: the world economy, at the end of the 20s, could do more than what he was doing, the populations of the various countries aspiring to everything because they had almost nothing, productivity favored those expectations, the crisis occurred because the straitjacket of the Model Classic prevented all that. It was terrible, but the changes were introduced that brought the most dazzling period in the history of mankind.

Now the opposite is true although it has exhausted the way they were done things: the system has been wasting resources because the state has to operate on any type of resources, so that the marginal utility of the quantities of resources have been using has been decreasing. To output those made to the system so it was only one exit: Allow hiperendeudamiento and designing financial instruments allowing it. Examples thousands. How far have we come?, As a place where excess of everything, which has reached the physical limit of absorptive capacity and which has reached the end of the expectations of providing resources to the rhythm set. It was not a question of sadism or, stupidity or simply the evolution has led to this because he could not lead to any other party.

More. In the 29 lost confidence, but the hope remained, now the trust (which was much greater because he had needed to be much more due to the volume achieved by the system) is being lost by leaps and bounds, but the hope is marching . In 1929, during the 30, mothers and fathers were convinced that their children would live better than them, while the daughters and sons believed to be better than their mothers and fathers, today, however, is not so: it is knows, it is known that the descendants will live worse than their parents, and that is new, new and terrible.

As you can see, very similar and yet very different.

Well, let's. The crash out of 29, and we know what happened afterwards. Today ... has not yet broken out anything and nothing is going to explode. That, as of 29, was an explosion, this, it's 2010, will be an overflow. That we are living now and that first appeared in September 2007, is just the beginning of the crisis is the crisis because it is part of it, but not a crash, because, fundamentally, is not going to happen any crash. If you want to call what is happening now, pre Call.

Until mid-2010 we are going to continue like this, even though 1) tendencialmente, the economy, their indexes and aggregated, ever will be worse and, 2) psychologically, the population is growing more fucking. Until mid-2010 will cause a gradual slide to worse, without falling deeper, without any major disasters (say, 'Man!, The bankruptcy of Lehman!', No, do not believe in the background is a failed, the problem is what we mean: if it had gone bankrupt in 2005, almost, barely had commented), but each time with lower expectations.

At the end of 2009 is already clear that a crisis is approaching monstrous; at the beginning of 2010 will be accepted that this crisis is inevitable, since mid begin the collapse, to lead, in vertical, how in 1929?, Less terrible but because the model social protection is shrinking and, besides, there will be cuts in their expenses, their remains will act mattress, but, more terrible because people are accustomed to a lifestyle that will change. Anyway, in part by the satiety of these past years, partly because of environmental awareness, in part by the fear generated by the helplessness that people feel, partly because of the sense of inevitability that will be installed, possibly people does not live too bad the situation: 'so, nothing can be done. "

This is' what is happening, 'this is' what will happen. " Back on the subject.

(What is happening is not surprised me, nothing, but as it is happening. I honestly thought, and you. Have been able to read here that the FED-or-be who was going to sustain the financial platform as it were, until November, until the election, and has not been the case. I am a friend commented that moves by the financial world than for Republicans was not justifiable, although wanted, saving entities may continue to do that because his proposal to dilute the strength Star: lower taxes; maybe, maybe, but I tend to another interpretation: the amount of shit is so monstrous, the degree of contamination so tremendous, the level of involvement by the gangrene so brutal that it has been concluded and it is useless / impossible to save anything, only provide painkiller (injections of liquidity) until the death).

Child Santiago Becerra - Wednesday, September 17

Santiago ... all the nails !!!!!!!!

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# 3, MGM

September 17, 2008, at 9:46.

Sorry for taking the conversation in the pot: one can tell a Web site or see recommendations / comparative to invest / save some ahorrillos occur to me right now scratch player?

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# 4, Mandy

September 17, 2008, at 9:46.

Dissipate rumors of a coordinated central banks lowering of rates. Fed and BOJ kept rates. (2 and 0.5%).
Interesting concept "controlled explosion" in the article:
http://www.cotizalia.com/cache/2008/09/17/noticias_12_dinero_mercados_secan_abasto.html

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# 5, Copero

September 17, 2008, at 9:46.

As I move many blacklists out there, from banks and savings banks in distress, some substantiated, others not, I leave with you a link to the institutions for Fitch Ratings in Spanish. If you have the BBB rating, long-term or short-term F3, it's best to flee like rats (case of Caixa Laietana), where A-and F2, you can endure anything, but better to be with the fly behind the ear. The link is as follows:

http://www.fitchratings.es/llistats.asp?opc=72

Note: The table has a couple of months. A CAM is the classification instead of A +, hence the rumors (for its lower grade), and short-term continuing with F1. However, given the brutal fall of all its indices, better watch it carefully.

I leave with you a black list that includes information such as late payment (Achilles heel of banking, and a marker of what is to come):

http://mibanquero.com/tabla-con-las-coberturas-y-tasas-de-morosidad-de-las-entidades-financieras-junio-2007-junio-2008/

Sincerely yours.

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# 6, Fran Diaz

September 17, 2008, at 9:50.

Always the same thing: ratings leave your money where banks, investment bond ratings, ratings savings ...

Better than all that, what wins you win by the sweat of your brow, if you want to win with companies that do not depend on you, simply do not depend on you. And do not know where your money.

http://PropietariosDeTerrenos.es: the Blog.

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# 7, algecireño

September 17, 2008, at 9:51.

indeed little we can do right now, just wait, you have to be positive (although I see black) and think that this will have a solution, is it just that I'm worried that this and many of you're at this coña ?, Which few others which have filled the pockets and a decent mortgage that is not created if this is going to pike will not spatter, and good luck to all days

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# 8, kokito

September 17, 2008, at 9:51.

Good morning, vietnam

The EDF has done wrong in the end it will explode.
You can not accumulate so much garbage.

How much is the limit of funds that has the FED?
And the limit of BdE?

I can not find answers, somebody knows?

I can imagine that entry of 140,000 million for Fannie and Fredi, 70,000 for AIG ... ... ... ... ... but how far can the FED?.

Is filling the glass, and I paid Citizens.

See you later

PD On Tuesday next spoke on Channel 33 on 22:00 h Professor of Applied Economics Mr. Garcia, of the University Pompeu Fabra University.
Yesterday was very interesting

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# 9, danika

September 17, 2008, at 9:51.

Once past the carnage of Leman Brothers I want to clarify the manipulation of the data it provides some means, such as who has broken the fourth American investment bank. This makes us think that the bank is extremely important, is the fourth in something, if we look at the ranking of American banks in 2006.

http://www.netvalley.com/BankAssets_25bill_15bill.html

Leman brothers is the number 54 in the list, which is no big deal within the American financial system, let alone in the world. I think that some sectors are interested in for some reason that this financial crisis continue and that its origin is American, as if anyone in Europe had broken a dish.

We are using the issue of the American junk mortgages to cover our own financial mistakes before the public and even to justify increases in interest rates which clearly benefit the banks.

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# 10, Mandy

September 17, 2008, at 9:52.

# 3, MGM
Visit tucapital.es

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# 11, Cristina

September 17, 2008, at 9:55.

Good morning,

If my home economics "bankrupt" I will inject money for not having liquidity problems?

It is a shame!

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# 12, Mano H20

September 17, 2008, at 9:57.

Hello everyone:

I admit it: all this is over Follonica Financial me. I do not understand anything about anything.
I review all the news that I can, trying to keep this whole mess. I try to guess where the shots are going and whether you like opera. I do not think that the "size".

* When everything pointed that oil would be through the roof, down from 147 to 89 dollars. It is said soon: he has dropped 58 U.S. dollars in a very short time. Come on, including gasoline.
It is clear that fuel prices are not of the "height" adequate.

* When all was that the Euribor could give us a joy, we go into a flat encephalogram. As the brains of some analysts. ¿Well, are not the types to 4.25%?
It is clear that the value of the Euribor does not have the "size" appropriate.

* When all was that inflation would remain at record levels, begins to fall amid world.
But it is clear that Trichet inflation is not even the "height" adequate.

* There is now talk of a total drought of liquidity in the markets. Only the central banks are injecting money into the system. There is talk of seeking an explosion or controlled blasting of the financial system. For me they are investigating, as CSI, the degree of pringamiento that each entity has with Lehman Brothers.
Probably accounts for some of them do not give the "height"

Eye with blasting or controlled explosions, because we know that playing with fire ... ..

I doubt if this individual is responsible for the task. Of if they give the "size".

And with this in the "size", I am reminded of that phrase, not without a certain irony and bad milk, which he told a famous top-model to another famous top-model:

"Chata, that size is not your size if you're out."

As the article cotizalia, it seems that the market is entering a dynamic of natural selection, Darwinian might say, in which the survival of the strongest, in this case, paradoxically, are the most conservative, will eventually charge body.

While I matizaría that someone (in this case the FED) that alters natural selection because it saves some species (AIG) and others condemning them to extinction (Lehman). For me this is (and thus answer to Carlos Lopez) to the bankruptcy of AIG have caused chain bankruptcies of many entities, while what Lehman is very ostentatious and noticeably but provokes a much more controlled. Come on, the controlled explosion before it said. Put another way, and in Darwinian terms, with Lehman extinguishes a sort of vampire, with AIG would have been a mass extinction of all kinds of mammals, of which suck and those who do not suck.

Salu2

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# 13, jdx

September 17, 2008, at 9:59.

# 1, condonacion_jeje
Yesterday I told my bp in which they had stolen the numbers of platelets to change the price in the panels .... ay poor! who are expecting some new but have given them a deadline of 6 months later.

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# 14, Anonymous

September 17, 2008, at 10:00.

# 5 Copero

Excuse my ignorance. Which means that an entity is classified as A + long-term and short-F1?

Thank you

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# 15, droblo

September 17, 2008, at 10:01.

I liked the article today, a curious anecdote that illustrates very well what is happening in the markets.

I do not understand the sudden optimism of Mc Coy you comment on the article, with the current credit crisis we must think of preserving the capital and not risky. There will be time to invest when the picture is clearer, fortunately most do not need to invest to be able to eat so it's best not to risk savings. And so I think I earned a living as "day-trader."

And as far as AIG, I do not clear the transaction: Is it a loan backed by 80% of the company or a purchase of 80% of the company at a price too? And what seems to be gaanr is time to sell assets "orderly" ... if so, it is true and the theory of "bridging loan" I think it is right, and if Suna nationalization, do not understand after denying interventions in the private enterprise 48 hours ago.

Indeed, the bags already in the negative. And in the spotlight and tap ... HBOS falls somewhere European bank. So things are bad

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# 16, manonegra

September 17, 2008, at 10:02.

Wenas!

Yesterday afternoon, they issued "The Formula" on TV, a very good film of the 70 in which Marlon Brando makes good capitalist who moves the threads, and provides the "American dream" to anyone he wishes. The truth is that I was surprised that a movie 30 years ago to describe the current situation with such precision. We recommend.

See you later!

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# 17, krollian

September 17, 2008, at 10:05.

The truth is that I'll be a country that spends a whopping wars and has the courtyard of his house made a few foxes. Súmale to this cyclone season razing of entire villages, burning summer and a few other earthquake and have a fantastic panorama.

By the way. Molló (TVE correspondent in the U.S.) have in your blog RTVE (paragraph blogs) the story of ordinary people living in tents in some cities because they are in the holy streets due to the precarious ...

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# 18, Poor Hablador

September 17, 2008, at 10:05.

# 5, Copero

I never knew there were places where they could look at the classification of banks ... Have you explained how the system works here? That is, what does it mean to be A or A + or A-al / po as F1 or F2 c / p?

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# 19, Anonymous

September 17, 2008, at 10:06.

Clopez of what "The bank critánico"
Is that uses lots of critinos?

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# 20, bloval

September 17, 2008, at 10:08.

Very good article. Excellent

I think as I said yesterday the article of the EDF that what we need is consistency, whether on Monday not to put capital into private companies, on Tuesday afternoon resists pressure to lower rates, what is this intervention? Sure as they say is up to buy time and sell assets ... in any case make it clear that it is an exception, that is not going to go out every time a company has poor management.

HBOS -43%, it is true, go broke.

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# 21, funcionator

September 17, 2008, at 10:08.

I subscribe to the hopeful note of the article Cotizalia. More than anything because with both climate of Armageddon is needed ;-)

But away from jokes: effectively with a view to long term I think the crisis has a clear scrubbers.

Firstly because he has brought to consciousness, the public opinion aware of a problem than a year ago was totally unknown and illustrates a lack of capacity in financial institutions that no one would have imagined just over a year.

All this I think it definitely has discredited the idea of neoberalismo that we must act to stop the markets act alone, and that state intervention only generates "inefficiencies" and they are corrected perfectly alone. In the end, without comment. As someone said yesterday in an article: to see what the markets now are invented for "corrected".

The neoliberal argument I always have seemed absurd. They do not care, social welfare, are highly discriminatory with countries and wealthy classes and that they are not, and competition tends atrocious (by human greed) to generate devastating effects like this that we are witnessing.

If now is accomplished by the authorities feel that a public opinion with the nails out I hope to change something good in the medium term, lease a more sensible regulation to prevent these things, and so on.

There is no doubt that we are witnessing a change of era, which is still not clear in which direction. I remember as always, depends on who we do hear. But we do not complain.

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# 22, Vitan

September 17, 2008, at 10:11.

Good guys,

I have my savings accounts in the typical high remuneration ... of course that is not much but I am worried ... Is that something you should remove it or I have the same risk that an unpaid account? I have savings in the account of ING orange and blue IBANESTO.

Thank you and keep fighting.

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# 23, JOHN

September 17, 2008, at 10:13.

I've heard around, a box of green, from London, with the drawing of a bear, you have liquidity problems, had a very broad portfolio in bonds of companies and creeks. Someone knows something? or is a blunt rumor?

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# 24, Carlos Lopez

September 17, 2008, at 10:14.

# 19, Anonymous
Thanks for the warning of things cutandpaste ;)
Fixed!

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# 25, not down

September 17, 2008, at 10:15.

# 23 Juan
A box of green, Madrid, with a bear. As most of us no clues

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# 26, Carlos Lopez

September 17, 2008, at 10:16.

# 23, JOHN
There are many rumors, everywhere and most malicious roasted that the worst thing you can do now is to help promote them.

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# 27, kokito

September 17, 2008, at 10:17.

Good morning, vietnam

Fitch rating, it explains on its website (as in A, AA, bbb etc ... ...)

See you later

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# 28, the bad

September 17, 2008, at 10:19.

to see how the Euribor react today to what happened last night with the libor. I fear that rises ..

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# 29, algecireño

September 17, 2008, at 10:20.

I, like Vitan also have a box in ahorrillo Sea, or what sacariais Which is not jeopardized

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# 30, paola

September 17, 2008, at 10:21.

Copero,

a minor question: the link you just put on banks and boxes, the box in which I operate has a rating of A-and F2.
You say that in this case better to be with the fly behind the ear.
I could explain why, please? .. forgive my ignorance, but I am concerned.

thanks.

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# 31, algecireño

September 17, 2008, at 10:22.

Mar no cash at Unicaja

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# 32, V. Gerulaitis

September 17, 2008, at 10:23.

Hello.
In this economy, the more I read more I realize that I am an ignorant irredentism. Let's see if someone out there will help me, please.
Theory: If the world population has doubled in the past 60 years (approx) seems logical that there be injected money into the market for everyone has enough money to live decently.
Questions:
- Is the market economy can provide decent work for so many people, taking into account that the world population grows in proportion almost geometric?
- Do not go down interest rates to avoid inflation, but do not be causing inflation by injecting money into the market?
- On mortgages trash: When a bank / cash grants a mortgage, it calls for a nomination, an endorsement, even having paid 20% of the value of the property. Do they have ceased to attach conditions to the granting of a mortgage? And if so Why has consented?
With everything that is happening every day that passes I am more convinced that the economy is not an invention humanoid chute. We'll have to change economic patterns, which implies a change in the style and way of life.
And I get the impression that the leaders dinosaurs cincuentones / sesentones / setentones we both politically and economically, or will not learn to do (because they are not ready), or they will not want to do that (because they are afraid or simply to them is going very well so), or both.
I think that is where the real problem lies.
Let us not pass anything.

Salu2.

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# 33, I suspect

September 17, 2008, at 10:25.

# 9, danika

I agree with you. It is clear that we live in the world with the internet and others, we believe we are well informed and in real time what happens out there. Pero siendo sinceros no sabemos de toda esa información que nos llega cual es la correcta, si es que la hay.

Existe multitud de “expertos” que hablan y predicen, pero, “expertos” en qué.

Está claro que ha estallado una burbuja inmobiliaria que no se podía sostener, eso se veía venir más o menos, pero yo estoy convencido de que hay mucha gente interesada en que exista esta crisis y que se alargue, evidentemente no es gente de la calle, curritos normales que se acaban de hipotecar en una casa, pero hay que ser realistas, cuando hay crisis no todo el mundo pierde, los de siempre ganan.

Lo que tenemos que hacer es esperar, pero no alarmar. No hay que comparar esta crisis con la del 29, se pueden buscar puntos en común, pero el mundo es radicalmente distinto al que había entonces y nadie puede predecir qué pasara en el 2010 (porque si lo hay que nos diga la combinación de la loto y así nos ayuda a pasar la crisis ;)

En fin, un poco de esperanza.
Saludos

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# 34 , La que cae

17 de Septiembre de 2008, a las 10:29.

Ha vuelto hacia arriba, pero ha llegado a esto

HBOS | Currency GBX | Primary Listed Share
All data delayed by at least 15 minutes

As at 17-Sep-2008 9:02:40
88.000 -94.00 -51.65%

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# 35 , Mandy

17 de Septiembre de 2008, a las 10:32.

Cachondeo generalizado:
HBOS y Lloyds estarían en conversaciones avanzadas para una fusión.- BBC

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# 36 , ¿Quien me explica?

17 de Septiembre de 2008, a las 10:33.

Euribor/Irs

1 mes 3 meses 6 meses 12 meses 2 años 3 años 4 años
16/09/2008 4,533 4,969 5,192 5,340 4,668 4,588 4,585
15/09/2008 4,524 4,964 5,187 5,341 4,700 4,592 4,559
12/09/2008 4,516 4,958 5,185 5,341 4,803 4,685 4,640

¿Porque los tipos a 1 mes a 4 años se parecen tanto?
¿Porque el mas alto es a un año (el de las revisiones de hipotecas)?

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# 37 , oreidubic

17 de Septiembre de 2008, a las 10:35.

Al fin veo una luz!!!!!

La prudencia mezclada con un punto de inconsciencia es la base del éxito de una empresa… los porcentajes de mezcla mal distribuidos conducen al caos (exceso de prudencia o exceso de incosnciencia…).

Me monté una carterita virtual (con dos valores y un fondo de la Caixa) el 31 de septiembre y voy por bastante encima del Ibex, con lo cual se confirma la teoría que un colegial puede ganar más dinero con sus decisiones bursátiles (basadas en la aleatoriedad) que montones de analistas (que ahora temen por su lugar de trabajo..).

Al final las cuatro pes mandarán: producto, precio, publicidad y puta distribución (licencia poética)…. tanto donde está mi queso y mis cojones……

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# 38 , m.

17 de Septiembre de 2008, a las 10:38.

Lo de Santiago Niño Becerra es fácil de hacer. Planteas una situación catastrófica, a un par de años vista, lo suficiente para que la predicción se diluya en el tiempo, y vemos a ver qué pasa.

Si se cumple, todo el mundo se acordará de que Santiago Niño Becerra la predijo. Si no se cumple, nadie se acordará de nada.

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# 39 , Anónimo

17 de Septiembre de 2008, a las 10:39.

para 36

Está claro, para que los curritos se coman el marron de este invento llamado economia.

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# 40 , La que cae

17 de Septiembre de 2008, a las 10:45.

# 35 , Mandy

17 de Septiembre de 2008, a las 10:32.

Cachondeo generalizado:
HBOS y Lloyds estarían en conversaciones avanzadas para una fusión.- BBC
_________________________________________________________

Pues debe estar funcionando, porque está subiendo (o cayendo menos, como queráis verlo)

HBOS | Currency GBX | Primary Listed Share
All data delayed by at least 15 minutes

As at 17-Sep-2008 9:25:42
164.400 -17.60 -9.67%

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# 41 , Otro Curioso

17 de Septiembre de 2008, a las 10:46.

Me gustaría saber la situación real de Ibercaja: no la veo en ninguna lista y no se como está el tema.

Muchas gracias a tod@s

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# 42 , Anónimo

17 de Septiembre de 2008, a las 10:48.

Buenos días.
Para Copero:
-¿Que Garantías debe depositar un banco con calificación AAA?
-¿Y uno con calificación BBB?

Quien es mas de fiar en estos momentos ¿uno AAA con riesgos de pasar a A o uno “normalillo” que toda la vida ha sido BBB?

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# 43 , MACGREGOR

17 de Septiembre de 2008, a las 10:48.

La exposición de BNP Paribas a Lehman Brothers es de unos 405 millones de euros.

Empiezan a salir a la luz en bancos europeos los muertos.
BNP en concreto es gabacho.
http://www.soitu.es/soitu/2008/09/17/info/1221638156_915074.html

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# 44 , Saladino

17 de Septiembre de 2008, a las 10:54.

Clópez,

Estoy observando que somos muchos los que no entendemos el significado del sistema de clasificación de los bancos. ¿Podrías explicárnoslo?

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# 45 , LINKERIN

17 de Septiembre de 2008, a las 10:57.

Como han dicho antes por ahí, la explicación está en la misma página que han proporcionado.

En el menu de arriba, a la derecha: Herramientas/Definiciones de Rating.

Un saludo.

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# 46 , La que cae

17 de Septiembre de 2008, a las 11:00.

¿Alguien entiende algo? De 88 a 202 en nada.

HBOS | Currency GBX | Primary Listed Share
All data delayed by at least 15 minutes

As at 17-Sep-2008 9:40:46
202.000 +20.00 +10.99%

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# 47 , Paniagua

17 de Septiembre de 2008, a las 11:03.

Gran artículo el de hoy…La economía también es un arte, el arte de enmascarar tras cifras y palabras complicadas una lógica que determina la vida de las personas…Me encantaría creer en la teoría Darwiniana, pero yo más bien pienso que lo que se ha producido es una caída libre, en la que algunos tienen paracaidas, otros parapente y otros no tienen absolutamente nada. Las personas que han maquillado cuentas propiciando estos desastres, estoy segura de que han aterrizado en las Caimán con un maravilloso parapente. Pero los miles de trabajadores que muchos de ellos son prudentes, llegan a final de mes con su hoja de Excel… sin comerlo, ni beberlo se ven en la calle, sin indemnización y sin aviso y estos si que se han estampado bien. Los yenes como bien dice el artículo no desaparecen, están dentro de las “Space Invaders”. Como no creo en la magia, ¿Dónde está la pasta que de repente ha desaparecido?.

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# 48 , Mandy

17 de Septiembre de 2008, a las 11:04.

Todos tenemos un rating personal.
Cuando dejas de pagar una letra de un crédito te disminuye tu rating personal. AAA personal significa que has pagado siempre todas tus letras.
Según vas teniendo problemas de descubierto y morosidad te va bajando tu rating personal.
A nivel de empresas, existen empresas de calificación (que por cierto no dejan de ser un cachondeo) que ponderan la fiabilidad de los activos de las empresas, así como otros factores, apalancamiento, etc… en teoría son independientes y sirven de indicadores para los fondos e inversores de todo el mundo.

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# 49 , npi

17 de Septiembre de 2008, a las 11:05.

joder no hjay quien lo entienda hoy pequeña bajadita dele uribor que se queda al 5,32 a ver que ocurre de hoy emn adelante esperemos que la media mensual del mes pasado no suba este mes, en cuanto al petroleo despues d elos colegas que hay en america sigue subierndo y seguramente hoy acabe rozando los 100 dolares el barril,el oprecio d elas gasolinas sigue en lo mismo que son los depositos que s ellenaron cuando estaba el petroleo por las nubes…

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# 50 , Mandy

17 de Septiembre de 2008, a las 11:10.

Creo que en su día ay se comentó la duración de las crisis (de 120 a 180 semanas), Santiago Niño se equivoca al plantear un escenario tan largo.
El ritmo de la crisis está acelerando, ya este ritmo, en el 2.009 habremos tocado fondo, eso sí, a qué precio. Quizás sus perdiciones no estén tan equivocadas en la cantidad, como en el tiempo.
En este 2008 van a pasar muchas cosas, el efecto cadena contagia a todos rápidamente, no es sostenible en el tiempo.

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