Is it good the financing of the central banks?

The Españolito ...

Why resist the Spanish economy?
Will the banks?
Will the governments?
Will it be super-coconut?

I I explicación.Es simple:

History has made us well, Españolitos: that race can be more expensive vices but also able to turn off the tap and settle for what it is. We are well. We have become accustomed to this. It is what we have "suckling" has always been: on one side with the grandparent counting the hardships of war, on the other, taking pictures with our latest generation of mobile.

The Españolito is because the land where they live has been one of the most Gerra of the plant. Melting pot say they are calling.

And that is what makes being bad if we do not let's take hands to his head and we despair. No. We are well. THE Españolito already have in their heads that the cuts will do in their economy ...

... Will be removed and the latest generation of mobile ...
... And leave the car I had in mind for another time ...
... And if necessary, stretched the shoes that are beginning to be roídos and buy white mark at the supermarket ...

Why?

Because what is not is never qutará that "knowing how to live" that makes you enjoy a wine rancid while remembers the days when the French drank champagne. But there it is, with its bulk Vinita, once again, enjoying as they can afford.

Red bulk ... Come!. Who said crisis?

Good night, vietnam

The problem is the debt contracted by banks, institutions, individuals etc ...
The problem is the debt, many believed it was fictitious, it has now become tangible.
The banks first save your ass ... ... .. and then we will see.

The money they lend to U.S. banks (through government) debererían us back with an interest in the price of money multiplied by two (so you do not tell us that it is usury), to take away mortgage, credit or whatever. And so to grow the economy.

Enough is enough for us to take the hair.

See you later

Good morning,

That, yes, yes! to continue the party! and that is VERY BAD has to be the thing for the meetings of the G7, IMF and so on. those are doing over the weekend. That is, in his "free time". And they must be jodi.endo lot of this is happening. And however much they injected, buy healthy active or toxic, recapitalicen or NACIONALICEN banks ... this will not be fine. We must be aware that the problem is not in high places, but the problem lies at the base of the system. If we analyze the current situation, we see that they are doing the first that the system does not work are poor and working class. Why? Because they have no capacity to consume. And if you do not consume the currantes (because salaries mileuristas and is not superhipotecas or pipes) the system is crumbling at the base. It starts by not consuming, and not consuming large companies and multinationals do not sell, and if not sold start to cut costs, cut costs and lay people on the street, and if you put people into the streets, and people like this can not consume or pay letter of the mortgage ... then loses his home, and still does not consume, and if not above him credit for power "to muddle through" the thing gets chunga, and if the thing is stretched large companies miss more people into the streets, and as companies cut production because of the sub-sector which catering to the multinational misses because people close to the street or directly, and this wheel is repeated ... and the SPIRAL has no end ... and there is no more . And that is occurring as a miniquiebra according to the Spanish bank or cash, people will go like crazy to withdraw his pasta ... and then to be arming themselves fat. And this already if not for that neither the Macarena with his army of angels behind.

Greetings!

I said for once to what he says Upupa, that finance to banks, but as they say our "generous" (if not a taco) rulers, not a blank check, but subtracting capital of our outstanding mortgages. Since we did not get where they are called, which was put up to the knees.

A greeting.

Well, what was missing for reading ....

http://www.elmundo.es/elmundo/2008/10/10/suvivienda/1223653058.html

[...] Has explained that the situation in some of those affected is "desperate" and that with salaries of 500 euros facing debts of up to 800,000 euros. [...]

That there are those who do not believe it .... What have you done, mortgages to a thousand years?

Instead, this one if I think so ....

[....] The members of this platform are also affected by denouncing before the courts of Madrid abuses of some boxes and banks, as Cajamadrid, they have illegally detained the roster to address the payment of claims (those affected and have won two lawsuits against the box). [...]

And another issue ... the issue of the shady banks with subprime mortgages Spanish. A REAL example:

"People who worked 15 hours a day but barely spoke Spanish, wanted to purchase a property where power installed, right very legitimate and understandable, to which every human being should have access, as I see it. But as prices were as they were, a single person could not gain access to credit but had a good salary and his status was legal in Spain. Solution of the lords of real estate: assemble (artificially) to two and even three people and create a fictitious family unit for which they are granted the loan.

As a notary public and the financial institution will require guarantees, they will testify in front of a notary who are unmarried (although they are people of different nationalities and of the same sex) and they signed an affidavit, as well as powers were universal (in a favor of the other) in order to buy, sell, take credit from financial institutions, etc ...

Then, drawing on the same property managers of financial institutions not stopped to visit them asking them to bring any operation sign (in exchange for commissions paid astronomical that the customer, of course) offered the operation to two separate entities at the same time. When the mortgage was granted in two separate entities, they match the day of signature and they did buy two floors to customers and signing two mortgages at the same time, not knowing what they were doing. After the signatures, gave them some keys to each of them, the powers to act in the future on behalf of the other and so happy pocket sums of 3 and 4 zeros.

When these people have been unable to pay assessments, it was discovered that they had granted mortgage loans to other entities and who owned two homes at once. The poor immigrant who lied (it is true, but it handled, of course) say they have been deceived by the housing. And the estate said they know nothing and who have been victims of a deception on the part of clients. A perfect game, you see. Worthy of a world champion of chess. "

And just saying:

"Now I wonder how many of these operations have given financial institutions in Spain in recent years? ..."

I answered, and one of my paragraphs he said:

"I would like to ask you a question. You have been living the crazy lending that has been unleashed, especially since 2003. Yes, yes, the rates dropped, but my question is: how is it possible that those intelligent, brainy, with experience, having lived through recessions and other fees for late payment of 15% of 79, did not see the consequences that were going to have the policies they were taking?, or saw him and said: 'the shit, when everything erupts and fix what anyone?. Have you raised this?. Got an answer? ".

My former student and friend told me:

"I am raising that you comment and, you know what I think? Therefore sensible that those people who had lived through recessions and other high rates of delinquencies in the past never lived a systemic crisis like the one now coming. Perhaps the current conditions and the actions and decisions taken in the past were similar to previous scenarios, structural crises or recessions spot and lived most of us, and so on. Then she spent a bad time, there were a few mergers / takeovers of financial institutions, some as another political scandal and / or financial (or a little), then, yes, the application of the "Handbook of economic policy for student first career "and after a few Anita, everything resolved. And to play again! .... "

Greetings.

Hello everybody.

It seems that last week was the worst in history. What will happen now? Transcribe the interview that he did yesterday to my personal source of inspiration and information. I hope it will serve to reassure more than one.

1 .- How can we explain this? .- Being difficult to find a metaphor, the best thing would be to compare the crisis with the flu. Each crisis has common elements with previous and elements that differentiate it and make it unique. The flu virus mutates every year but it's really the flu, although a mild and other times it is very serious. Remember last year which was armed with bird flu, the famous subvirus N5H1. We are going to kill everyone. Politicians, as always, launched messages of calm. Calm down, the best laboratories (ECB, governments, IMF ...) are going to develop effective vaccines (injections of liquidity, cutting rates, deposits guaranteed ...) that we saved. But someone asked how many doses were prepared and the response was disheartening: 5 million doses. What good is it if we are more than 400 million Europeans?
It is clear that these doses were distributed in the health network and only protect the hospital staff (banks and other entities) in addition to politicians. What good have good hospitals and doctors about whether there is not very healthy patients who were cured because they have died for lack of vaccines for them?
Tell you is what I intend to launch measures to protect the pantheons single bank (as your friend would say Carsola) is the same as efforts to put air in a wheel that is get a puncture. It is an effort wasteland. If the plugs are not puncture the air does not ever come to those who need it, it is the citizens and businesses. The wheel is destroying the economy and will stop.

2 .- Is it affects all this? .- As always, some more than others, but it really affects all states. Not only the most powerful economies. Emerging countries and third world may suffer the worst consequences. China, for example, not intended for consumption inside its production. Who is going to sell what occurs if the rest of the savings are collapsed?
Have you seen the huge drop in the futures of raw materials including oil? Tremble to think where it is the only possible source of speculation. Do not hesitate, in food. That could bring hunger to many poor countries. You'll see dramatically lower the price of zinc, tin, copper, oil, metal .... But you'll see a dramatic increase in cereals, rice ....

3 .- I paint a black picture. Is there no solution? .- If there is one. But it is complex and requires a coordinated effort by many operators. I do not know if they will be able to do so. The situation requires a common effort as it has not been known in any previous situation. As my colleague said "Roubini" we are going to a new economic model which he defined as "financial socialism with capitalism productive." Already being done with state intervention from multiple financial institutions with a total assumption on the part of governments of the financial system. But if the policy is worth anything in this sense is not common among the major economies: U.S., European countries, Japan, Canada, etc ...

4 .- At least that seems to be taking seriously the things politicians do you? .- Of course, for the account that brings them and that brings us all. But sometimes they are incapable of doing the right things will even have to do so. I said, for example, last week it would lower interest rates in a coordinated way and they did. But they did wrong. If you have a bullet in your hand and think is the best solution, it is logical that this type bullet in a gun and shoot. What is not ever gonna do is throw the ball with one's hand. Even though the tires three times, did not get the desired effect. Well, to cut interest rates half a point is throwing the ball with his hand. With one hand it is also shaky and fearful. As the enemy (the problem) has been surprised and had hesitated, has allowed us to take back the bullet. Do not be stupid. Not the casts with his hand. Disparémosla with a pistol. The next lower rates, very close, almost imminent, will be between half and one point. That will leave if it hurt to the problem.

5 .- I would like to remain optimistic. Is there any good news that they can be transferred to my fellow fatigues of euribor.com.es? .- Sure. Your much-feared Euribor and to the surprise of many will experience a significant decrease in the very near future. What you might not expect is the reason for that decline. Is going to have to do with the interbank market. You will learn a new system. Someone will name. I call "the Euribor to the letter." The agreements will be taken between different operators are going to translate into a legal regulation of interest rates. Governments themselves will guarantee the loans between banks. The Euribor what you see, soon, to levels close to 4%. And that is only the beginning. In the middle of 2009 you'll see on values at around 3.5% and 3%. And that is NOT the beginning of a new bubble. Most of the guiding economic should have learned its lesson. Among the main steps that will take you to see that some tend to protect mortgage borrowers. Is to avoid, as far as possible, to be carried out more executions mortgage. You'll see a fiscal policy beneficial to those who are worse off. He thinks that, at present, the economy is a train without a driver moves out against a wall. Even have time to stop before impact. But get ready for a long desert journey. Now the main thing is to safeguard jobs, not as much as unemployment. That more than one is not going to understand it. But it is part of the solution.
Like I said before, the key is total coordination among all. If she, everything will fail. But this week you will see a sharp fall in the Euribor. Guarantees you'll see a 6-month to one year or even three to five years.

6 .- Finally. And the bags what? .- That you left for another day. But this week will close in positive. We will see prices rise sharply and achievements. If that serves as a consolation to you ....

Salu2 and apologize for the brick.

Let's see ... it turns out that Iceland was the country that he did everything right, with a sustainable economic model, with its geothermal energy, its greenhouse tomatoes in the arctic (really!), Its investigation of genetic diseases, with its highest percentage literacy in the world, and with the number one position in the human development index of the UN

... And now it is not, so that its inhabitants as their bankers had been gone mad and have dedicated themselves to ask for and give cheerfully second mortgages to finance trips and boats, which in Iceland have seen a boat is like having a car, This is aggravated by many of their mortgages have been in "multi" to prevent the interests of two digits that local banks were charging ... and now clear that the Icelandic crown has fallen from iGloo the letters have become unaffordable ...

That Iceland has broken?

And we have for these individuals to the Vikings these "idolizaos" and are just as papanatas, hedonistic and short-term we, the inhabitants of disorderly southern Europe ( "Europe's slovenly south," Krugman dixit).

Live to see!

Bad sign for intervention:

Has not demanded anything for banks to lend money.
Not even that lower their costs, their salaries, their stratospheric costs of advertising. Needless to fire anyone.
You do not even have to work to raise money (comes only), nor for that service (not give anyone).
Neither will talk to any prisoner.

For Solbes did not even have to "tell them what to do with their credit portfolios."

# 15, Mano H20

As your "personal source of inspiration and information" is right on this week, I suggest that we appoint by acclamation Minister of Economy in perpetuity of the kingdom.
A greeting and my personal admiration for both (you and your source).

Julius and Anuska,

What the article says the world is that liaban real estate mortgaged to an immigrant to him (say, for example by 160,000 euros) while endorsing four others. At the same time as those other four will endorse it. At the end has five immigrant owner of a mortgage guarantor of each and four others.

What has happened since that if four of the five have been without work since the only work that has yet to be responsible for the total debt (5 x 160,000 = 800,000) and the figure comes out of there.

Obviously in the end is the cure worse than the disease because the work would have to pay your mortgage, but you are required to pay the five can no longer pay any (even yours).

and then say that in Spain there is no subprime

# 15, Mano H20
Ojala and you hear the Macarena, the Moreneta and all the saints ... I checked with the Euribor of November!!

# 18, Colonel Perote
How right you! notaries are the right hand of thieves white, who are paid millions by authenticating public events and then it turns out that they have no responsibility for the fraud being committed ... are the crabs of justice, sometimes have signed Deeds illegal, then it is impossible to ask responsibilities, when in theory they are paid for that.

Declaration Solbes: "We are not going to nationalize banks because we have a strong financial system and a sound banking institutions."

The Virgin! Now we can prepare ourselves ... because we know how goes the theme of "hits" from Solbes.

If you do not nationalize, German banks and co will have competitive advantage over the Spaniards, and in the end it nationalized ... but we will be the last, and we will be in the queue. Will be worse!
Why not do once in a lifetime what they make big?

Well, no. Us to ours and our style. Unlike those who do know do things.

We'll see how everything ... but I am just afraid that we will be the worst "unemployed" ... in both senses of the word "PARADOS."

Greetings and encouragement!

THE LOW EURIBOR! FORM AND NOTABLE!
No voy a reirme de los que tanto nos hacne sufrir con sus comentarios en esta página, y menos lanzar rogativas para que el Euribor siga bajando. But I do remember that Trichet has behaved as a complete inept.
Only worried about inflation when the economy was going adrift. Thanks to their specific comments, the Euribor has seen dramatic price increases, and after much murga is bullish and low interest rates 0.50% and returns to put nervous throughout the world (Was not as strong his previous position? For that the entire world welcomed the fall in real panic)
The monetary policy of only Trichet is worse than anything else: the communication policy of Trich.
Trichet OUT!

By the way ... you said two cases where there is the real crisis:

The first ... in my company and have given order to stop the recruitment of "new position". Only substitutions will be made. (large multinational)

And second, in the company where they worked my uncles and a cousin and they have been told not to go to work on Friday (since recovered hours in May 2009, according to the company), and it was eventually overtime. (the company is in Freudenberg plant Parets del Valles. In part, and closed a plant in Zona Franca)

This is the real problem. The enemy is unemployment.

Greetings!