The prodigal son.

The subprime crisis is leaving the U.S. economy made some foxes. To all this, and fears by some that believe that in Spain the same thing can happen with the subprime, there is a very good and controversial article on the existence of subprime NO here in Spain.

There are no subprime mortgages in Spain!

By the way, already knew the existence of the prize for best Rankia blog, so you already got my vote

S2

"What has demonstrated the EDF is that there are different categories of children, some to help others and to be left to starve. if the child is big enough for your bankruptcy could engulf the financial system (AIG) no doubt it will lamb for dinner, but if a child is weak or a nephew (a non-financial sector) will cease to starve. "

Clopez, what you've said so, but not just for businesses but for the citizens. If you owe little money to the bank (mortgage and car loan, for example), the bank you are caught by h ... and you are going to give per bag if you have problems. However, if you owe a dough, are you the one that has caught the bank by h ... and you re-negotiated loans, will give you endless deficits and everything that you want.

A greeting

I do not understand economics.

But if I explain that has erupted a housing bubble in the U.S. and that the EDF has no idea what to do and who has also done so in Europe and especially in Spain which is the most affected countries in the European Union and the ECB does not have no idea what to do.

I understand.

If I explain that due to the depreciation assets will be giving free rein to banks for loans by putting the clouds and avoid the collapse of the financial system and that desafortudamente businesses and families are what they are going to pay base an increase in interest and difficulty in granting credits that inevitably degenerating into unemployment and economic slowdown.

I understand.

If I say that the solution is to devalue the assets to match the sad reality is that our floor, craft, home, so this overstated by an amount that nobody knows (Of the funds and actions for which there is no worry as to be Negotiable have already been devalued by 30% of them alone), but something to devalue what's left over and that almost anyone can buy the flats as it is impossible to calculate.

I understand.

And if we are given encouragement by saying that in late 2009 began to sell something and probably we will know which was the exact size of the explosion of our housing bubble and then they will know what is the best solution for our garbage mortgages.

I understand.
But as we explained, I do not understand it.

A greeting.

And want more outrageous DESFACHATEZZ ????!!! it said the president of the CEOE:

"The president of the CEOE, Gerardo Diaz Ferran, the Government today called a" parenthesis "in the free market to address the economic crisis through" exceptional measures "to provide financing to businesses and curb the 'drain' on the labor market, which could be recovered over a million jobs in the medium term. "

Also a3 do a little say so quiet that wages are climbing q q less inflation jajajaa when it had profits of scandals in a few companies were paying benefits ... scoundrels !!!!!

rarely has been seen so much nerve and shamelessness !!!!!.. summing up .... this character is to say that free markets while businessmen are lining .. so if you .. if they are wrong because, NOTHING FOR FREE MARKET, the state (us) to fund and help! ajjajajaja Thief!! FACE HARD !!!!!

# 3, danika

Well, I would not really understand it and I am unable to explain. But ...

Certainly those who manage the cotarro do they know what they are doing?

It has formed the "perfect circle" or perhaps would say that the "vicious circle"

FED comes to the rescue of AIG. Perfect. But ... Who comes to the rescue of the EDF? Because the paste has to come out somewhere.
Solution, the U.S. government issued public debt poured.
First result: Investors withdrew paste the bag to buy that debt, because if things go wrong, very wrong, the last thing the state is bankrupt.
Second result: the stock market to hell. With what we do not know where either the pasta that has loosened the EDF serves some purpose. Feedback is the monster.

Other, more conservative, traditional conservatives and the solution historic visit: buy gold. Changing colors of slips, with the face of a president, for those yellow bricks that weigh as much. Menuda the rise yesterday.

And as in the financial environments, that "the last Maric ..." is always topical: PETANA stock markets in Asia, Russia, the Iberian ....

And now all merged. The big-bang to sell big

Expansion, contraction ...
Everything that goes up, down.
The never-ending vicious cycle, or, perhaps, the perfect circle.

Quiet. The economy is cyclical and lifted before it must be falling. (The problem is that you never agree to that between the stage and phase Pring us. Currito of the walk.)

Funny if it were not sad:
Just leave a reporter for the program of "The Fields" at Aldo's building of the Bombay Stock Exchange today saying that the Ibex opened without much change ...
And THAT FOR TECHNICAL PROBLEMS STILL HAS NOT OPEN!
Opens at 10 least 10

It is very strong this ...

What will happen in the years after the prodigal son?
Probably, since he had the nerve to leave home and spend all the money on hookers, he saltarían tears at the welcome party, was emborracharía, lloraría extolling the family, which would not be enough to escarmentar, bringing again and repeat the flight would always be a stray bullet and a nightmare for the father.
This was understood that AIG sold their shares yesterday, nearly 71 M titles.

# 7, droblo
But the reporter does not lie. In the bag yet there has been no change nor changed on Saturdays and Sundays.

What is not changing the character of periolistos talking without knowing. Before yesterday, the news of the 1 Lehman said it was the fourth largest bank in the world (the only thing certain was the use of past tense of the verb to be).

# 4, condonacion_jeje

True, we are discussing here, and suffer a little bereaved by the "mother of all crises" and for me that there is a lot listillo that interests you enlarge the entire heart.

Total had a lot of years of scandalous profits, now appear on the horizon the clouds and hell, we're going to ask that we draw from this government but because, uff, we're going to lose 1 million jobs. But man, if this is surely billion was the one that was doing the chopocientasmil homes that abound in spain, ie employment was a ghost, you should not have allowed the economy to grow with these pillars of cotton, but what is alarming is that they are asking for help and the government fund the maintenance of this deception.

It is nice to say that it is creating jobs and patatín, potatoes, but this crisis is showing us that everything has an end and should learn from the situation to correct the system and make it stronger, not to keep it from public funds until the following elections and then we will see.

That the real estate market use their obscene profits of yesteryear out of this.

Greetings

I think it's outrageous that when large companies generate these profits are private. (Only for them).
And when these same companies generate big losses are having to socialize the problem (That pagemos all).
I think this is the case of AIG and some more ...

A greeting to all.

# 16, Euribor up up!

I patentaría the "Valletta" vileda, sure you lining.

The prodigal son Spanish

4 years ago, the eldest son of a family, learned a young girl, she married CoJ, buy a flat and went to live together, lived in austere form but with much excitement. Is not spent anything on hookers, but getting dressed and eat in the hypo (paying hookers to the bank, though).
The subprime crisis hit them brutally, by increasing the quota by two of his hiccups, making it impossible to live well.
After taking the most difficult decision of their lives, rented the apartment and returned each to his parents' house, not happy as there was no other way to break the deadlock until the issue ease.
But this kid, he was not expecting a party at his house precisely, or lamb for lunch. He was welcomed by almost obliged, and her room occupied by another person, which was not ready to leave now. Sometimes he dreams that you are at home again, with his wife, his room, his office, but when the alarm sounds and opens his eyes, lies on a mattress lying on a dining room. Even then thanked God for being healthy, having a job and his wife at his side if only to see the weekend.

For all we know that Spain is different, the prodigal sons as well.
A greeting and thanks for read.

The parable of the prodigal son can only be understood from the unconditional love of the Father. But these issues are financial interests of any kind except unconditional love.

Good again.
As the moment of crisis does not affect everyone, but those not currently affects us, who can in a couple of months we are concerned.
In my company last year broke records for production and this year ibamos evenly until June, from then on almost anything.
On the topic of today's prodigal son seems to me a shame.
For years have been lined and now being given bad, he always broke the string by the weaker side, that is, is the Currito.
One question, yesterday at work left a topic of converasción not be here if it was ever tried.
Do you think that that the heads of government, with a salary vitalíceo?
For me personally I find it a shame, if for one that is for everyone. So if I come to work 4 or 8 years old, they give me my tb a salary for life.

Good

Yesterday I was having dinner with a friend industrial engineer who is working in the automotive sector. For professional deformation (and hobby) I could not contain and I asked him as he was going to his company which manufactures components for the automotive with the theme of the fall in sales of around 40%. The truth is that he expected his answer was not very good, but I said that on the contrary, it better than ever. The truth is that I was surprised, but then I gave the following explanation that seemed logical to me.

The brands of cars and obviously do not manufacture anything, everything is manufactured by companies that specialize in specific components that work for several brands. Then put the example with the SEAT brand:

SEAT need to glue the doors of the new IBIZA, passing the project with the requirements of different grades and steps to manufacturers of rubber door and carried out these samples and pass a price. SEAT examines qualities and prices and choose one that gives the manufacture of such rubber.

The trick is that in order to improve their offers, manufacturers, proposing to Seat two prices, the price element for new car, and the price element for a replacement. The price of spare parts is much more expensive. That is the glue to mount SEAT purchase in the chain will cost X, and those that buy to sell to their workshops and other distributors are priced 5X, but not going to have to pay SEAT already do well.

The maker of rubber loses money with units sold to Seat for the assembly line, but ensures that there will be a lot of IBIZA's run with his gums and replace them when they have to be sold to 5X that is really where they have margins scandal.

SEAT, looking for their costs, as it is concerned that the cost of the vehicle is the minimum possible so that the vehicle is salable and with margin, accepts this game (blackmail) at the end absolutely detrimental to the end user towards the margins for multinationals (What really weird?).

Knowing this, it makes sense when you download sales, manufacturers of automotive components to be rubbing their hands because they know that unless new cars, greater number of larger number of repairs and spare parts. Maybe it will produce something less, but production will have a margin acojonante.

It should be joderse, not as we do but do not always

PS: Does anyone knows anything about Attila? ¿Matrix has been removed from the system?

Rating:
a. Has found a girlfriend
b. It has bought an apartment
c. Curro has run out and is back with her parents
d. Tenia its 3,000 euros in savings Lehman Bros.
e. a + b