The week in markets

Hello everyone

On the controversy of whether or interventionism is not appropriate to end the crisis.

I support my children learn from their mistakes. I try not to interfere in its decisions but not stop watch. I warn that they are going to get screwed up and let them, because they learn from it. I leave you play and even squabble within limits.

But Be assured that if I see any of them will fall through a window from great heights, skip to secure it and if necessary I play my life to save them. All this without hesitation or a moment. And I do not think that the latter comes into contradiction with the former.

I say this because at the back end of not understanding why people criticize both the U.S. government intervention in this whole mess economic-financial-political.

What breaks the theory of market economy? What bankruptcy purest principles of liberalism? I do not think so. Neither am I so sure.
A special situations, special solutions. A desperate, desperate solutions.

And eye, because I understand perfectly well that this seems to make good the theme of "capitalizing on the benefits and socialize the losses," manifestly unfair idea.

But if no measures are taken that are probably going to take, the market may fall through the window and stamped righteous and sinners. The hard asphalt near the end of the fall is called recession-depression. And from that experience the Americans know for a while, because the print is in the collective memory, just as we have the issue of civil war (which it does not even go to movies, Garzon and others, at this stage of the fair) .

If someone remains absolutely faithful to his ideas is clear that it would refrain from intervening. But It's called being "dogmatic" and as such we have the extreme Christian martyrs "killed prior to renounce their faith."

Faced with the dogmatic, at the opposite extreme, there are the "pragmatic" or practical, as each prefers.

A priori'm in the question of whether someone who has done evil things and the business is going to ruin him, for nothing, "feels" ... but ... if the consequences of such mismanagement will affect the collective then ... what?

What about the employees of these companies in bankruptcy? What happens if there are failures in life? What happens to a country that is going to hell? Well, that the government jumps to the desperate to avoid a greater evil. Is not kept in a dogmatic position of non-intervention. For everything there is a first time. Everything has a limit. They are not going to say: "The country has gone to hell .... but we, true to the liberal market economy, not intervened "

Eye. The thing must not end there. The common good precedence to the individual situation of each bad manager.

Obviously, off the main fire, the cause must be investigated and, above all, be responsible and delineated responsibilities. And, of course, that those responsible are tried, convicted and, to the extent possible, disabled for life ..

I endorse them against the coletilla of Attila: "A degüello and no prisoners"

That ultimately the consequences that this whole matter can or could have, are global and not restricted to affect people of Oklahoma.

Sorry, I'm not in favor of the thing "before it dead simple." Trying to be something more practical.

Salu2

Hello everybody.

I've days without writing, I read and read and no hint of knock by the succession of events that we are living and I try to soak all the information I receive, several times I have made the threats to write anything that round by my head, but it has been remained in the attempt, I recognize that my ability is being overwhelmed and I attend as a spectator to the expected fall of Economico world, as we knew it until now.

How many people are aware of the reality we are living? How many people know about the subprime problem? How many know who or what is the Euribor? I think of all those under 35 years, people who never experienced a situation Economic Crisis and all that it takes them back and say that for those under 25 ... ... let's say, 28 years ... ... used to pull Visa and lots of them to buy SEAT Leon GTI, right after receiving their first payroll, people who have been reared and suckling as Axiom indisputable, the Dolce Vita, the spending on credit, the enjoyment as the first standard of living and looking through the Happiness runaway consumerism, both got it, spending so much + + Visa credit for the car. And who is ... .... Ah yes !!!!!! Baby Boom generation and those Guateque, bought the first floor to pay interest at 16% in just 15 years and despite having lived through the days of "Tell" We climbed on the bandwagon of consumerism and ignoring the restraint and common sense , By the way "the least common sense" pay 30, 40 or 50 million a story that barely ten years ago, had a price of 10, 15 or 20 million and over we thought we were doing a big business, from duty to the bank 5 or perhaps 10 million to duty 30 or maybe 40 million, without realizing that we were falling into the maw of the banks.

As of today no longer think of anything that serves to lower rates by the ECB, which clearly demonstrated that despite the almost absolute certainty, that will have no choice but to do so, the Euribor, not only has not fallen This rebound upwards and I fear it will rise more and I see clearly that there are no solutions, no one can mitigate what is happening, it's like a giant wheel that once put in motion, the mere inertia makes it impossible that nobody can stop it.
Now in USA and next year in Spain, I see the development of the subprime crisis in USA and as the script is being repeated in Spain with a year late. As it began rising in the Late payments, the first at 2% to 4% then and now to 8% and as a starting here from less than 0.50% (we are nothing at all) today, the Bank of Spain wakes us with the information chilling of 2.14% (many entities have already passed and far) will soon Delinquency at 4% and I fear that next year we will see about 8% and all of that despite the makeup of the recommendations no longer run the Mortgage until 6 months of default.

Solutions ... .. I think not, but what if I have clear is that far more is to prolong the agony, the worse it will pass, but it will be the long and bloody journey that awaits us through the desert Economic,

Greetings to everyone and forgiveness for billet, but had to off.

Hello everybody,

Yesterday we asked Fyahball was glad because some rejoice in this crisis "apocalyptic". I give my opinion:

The BASE of the housing problem: greed.

- The Hay-Untamientos in the latest offshoot of the central government which is funded almost entirely on the margins added to the 16% tax on the sale of an apartment so they have a major interest to be sold and purchased floors. The more the better, more money in their coffers.
- The builders have increased their margin as a result of banks have increased the price elasticity of housing. They think: If you go up the floors and people continued buying is that they can climb further.
- Banks are in a race to attract customers have been given obscene amounts to a lot of years with a variable interest. The variable is a double-edged sword that can benefit one day and the other end turns against you because you.
- The ordinary people who thought: "This never low," "It's a good investment", etc ... that have gotten into the mouth of the wolf to follow the precepts of the Banking, pasapiseros and builders like sheep.

The CONSEQUENCES:

- A generation embargoed until Trancas without the possibility of investing in business or anything else other than your mortgage.
- The suffering of thousands of families with water up to her neck for not being able to cope with the debts.
- Those responsible for the crisis by holding their previous benefits without any liability if sent to companies to tender for creditors.
- Politicians continue combining his political office with their own business or family.
- Aid from the state to the builders (ICO credits).
- A market with prices misaligned traumatic way for normalization of ordinary people. For politicians / businessmen is the repanplinfa.

The BASE of the problem of oil: greed.

The countries that sell the "black gold" want more and more benefits because they say that was just something that anybody can check.

The CONSEQUENCES:

- Countries attacked in the name of freedom.
- Savings uncontrolled inflation caused by increases in raw materials.

So we can continue with the speculation of raw materials, technology bubbles, etc .... but the common factor in all this is greed, so when a bubble explodes and is carried forward so many people are happy because they are some speculators who have contributed to the disaster. We are also pleased that these tragedies happen, because even if indirectly affect us, people learn a lesson we must not forget, as well as:
- Do not buy at any price.
- The bank is the enemy.
- The variable interest is a double-edged sword.

Greetings.

Srs. Forget the bag that this is historic for many rebounds and q being has no choice but this .... I would remind you that the bag despite having fallen from 16,000 (in the case of ibex) is still 100% with respect to profit Minimum 2002-2003 at around 5500 points in the ibex, so eye parecce obvious to me that this crisis is rather more serious of the q. com and is only the beginning ... ..!!!

SalU2

Ludo

Q you stolen PD not on the floor

# 1, Mano H20

I enjoyed your example. If the states do not intervene from time to time, not only run the risk that the economy will go adrift, but it happens entirely from any political and social us to become robots for the sake of profit and productivity.

# 4, canyago

I think we all agree that for many buildings are paid well over what it worth, but also wrote in this blog that people can not become independent, and can not be left at home with parents until they die.

The problem is no doubt at all those who were not saved room for the moment when this happens. Perhaps at the time who was able to allow a floor of 30 kilograms could have been more cautious and bought a 20. And not just the world for 30 m2 less.

pretoleo and now that has fallen by 35%, rectified the rise of transport in Madrid which occurred in August unreasonably?
Scoundrel
Os burned buses and offices and buy a bike for me to hear Curran, who I'm thinking, really.

I bring up hundreds of post Euribor up up and competition for a few months ago of "The Euribor is going to put the 6 and then at 7 and end at 10 and fuck you going to die." To all those bitter expertillos. You must realize that the financial system is falling down and the Euribor was at 5.4? Really persistís at 10? I think we ought to start going to the psychologist to cure your frustrations

# 5, Sephyrot

plas, plas, plas
Congratulations for the post estimated Sephyrot: you can say the highest, but no more clear ...
--
But let us act as another example of speculators.

News: According to the FAO hunger increases: the undernourished are already 923 million (DNA Journal)

According to Carlos Gail Intermon Oxfam (and I do not salteis the jugular with the fact that these NGOs and other stolen, the data creámonos):

With 14,000 million dollars investment needed by developing countries to revitalize its agriculture. West must assume its responsibility. The EU and USA have shown they know to act before crisis seriously, as the current financial. You only need 14,000 million dollars, a few days ago there was talk of 85,000 to save a large U.S. insurer.

Speaking on silver: we care little to alleviate hunger in the world, as concerned as to help capitalistic gangsters ... what it takes!

Recall that the increase in malnutrition has to do with rising food prices ... and this is directly linked to the speculators of them: the same crap as always: monopolize the market for foods eg wheat and are expected to increase the price and demand for sale with wrecks inflated ...

BURN DEM FILTHY WAYS! FIA BURN!

H20 size,

in spite of you, as almost always, excellent presentation I profoundly disagree with one essential point:

"What breaks the theory of market economy? What bankruptcy purest principles of liberalism? I do not think so. Neither am I so sure.
A special situations, special solutions. A desperate, desperate solutions. "

Completely breaks the principles of neoliberalism that began in the 80s and certainly the Liberal Party which was much more radical in their time.

This is a special situation, but no time or temporary, but the result of a long history of excessiveness.

For my part I quite agree, from my limited perspective, with the performance of public institutions, precisely for the reasons given are that well, neither more nor less. Sometimes it is reasonable to quarrel with the visceral and we must accept that we are going to do.

But the most important thing is to learn the lesson, and it is to assume that economic theories mentioned that basically that markets and their agents do that to you do not work and lead to disasters with grave consequences, and the worst For people who have had to do it, and throughout the world.

Personally, I feel responsible, among others, to Mr. Greenspan (by its rate policy that sowed the beginning of this policy) and irresponsible management of financial institutions in the U.S. of those 300 or 400 euros others that my wife and I have to face each months thanks to the little gift of subprime and the consequent High Euribor. They are very agustito right now with many, many millions of $ in the current account and thus all this, let us be realistic, it slips.

And do not forget that our case is that of comparatively privileged few, we are not unemployed and in my personal case is very difficult. Although if my wife is going to be the thing he is equally ugly.

Ultimately this can not be repeated. There has to be very thoughtful legal rules to be effective, but do not pose an excessive burden. You can not have this vulnerability to the economic system itself and especially for the rest of mortals. If not, then again in spite sooner or later, once these events are far enough for a return to be irresponsible, confident and start the cycle of avariacia and then another trastazo to pay the other the disaster while those responsible would following from his television of 50 "on the news with a caipirinha in hand.

If not, as well.

This goes for all that s @ s criticáis that both those who buy homes 2 or 3 years and you alegráis of the misfortunes of others.
3 years ago, the low interest yes (to 2.8 storeys high lords !!!), yes, the rents were leaving by the same letter that the floor-to-month. Many did calculations that raise the interest (up to 4 points in my case) and we are almost there. Not everyone has "the house of folks to be able to expect that all this exploded.
Niñatos.

MEFF has just announced that climbs the guarantees required by 10%. Curious, the central banks will require less to the banks to lend money but houses acting to the volatility ecigen more on individuals.

if the diesel fuel now getting back to 1EUR .... probably something in principle, truck drivers face, prices go down? wanting to follow all the advantages they wanted the day of the strike?
others who benefit most are going to come out yet.
# 5, Sephyrot
Your very good post!

Hi Hi neighbor!

# 1 Hand H2O,

I understand your way of thinking, but I see the incongruous. Continuing with the metaphor of the father, if my son falls through a window, try to save everything. But if my son grabs a hatchet and is dedicated to kill my other children, also will prevent it.

So far, the state, pro-free market, left to their children psychopaths act with total impunity. At certain moments until they have given away precious and useful axes. Now that you are not more brothers who kill, searching for more victims has fallen by a ravine. And when Dad is now the state is going to rescue his beloved son, making a rope with the innards of their other children ...

Many of the brothers of this favorite son wanted to be like him, and agreed to buy axes to be as good predators like him. What we have been unable to understand is that the axes who bought (zulitos 40 meters) have left them extremely expensive, are tied to his neck from a rope, and that they may not kill anybody, because they are made of plastic.

With this text I have been gone a bit out of hand toward the gore, I say to the prodigal son: "sorry that you've not killed," the state Dad: "I hope your leaders will also fall by the ravine," and those babies who also wanted to be weak predators: "I see pain, a lot of pain ..."

It will be a degüello and without prisoners, for borrregazzos, greedy and illiterate

Gentlemen, we will not like this:

There are people who are in pisitos by a million, but we wanted to take our house, not speculate.

We are seeing the Canuto, but this is detrimental to all. This is like the ACUNA matata the lion king. We are all within the same cycle, and we are already rented or mortgaged, when no work, do not be to anyone.

Come gentlemen, tighten your teeth and all we can resist as best we give our head. Adaptemonos to work on what comes out, that's what our parents did, or is it because we forget that they also went wrong? Let's take coj.nes

The next decade will be a little better, and fortunately or unfortunately, most of whom we met here we live by.

Relativize a little, that every day there are people who are dying of hunger, cancer, malaria, yellow fever and other diseases, and they care a hell bankruptcy stock.

Relativize. And if we can not carry the train of life we have, because ADAPTING touch.

In truth, much encouragement to all those faces and lift, which will have time to throw in the towel.