Is clear that they call this crisis is NOT affecting everyone equally and it is clear that neither is affecting the majority of the population (mathematically speaking) or at least I see it that way.
It is possible that with so much emphasis media people has changed for the courage and the fear is beginning to behave so irrational changing their consumption habits, something which I think very well, but already is grazing exaggeration. If we have survived without trauma the last three “crisis”, 73, 87, 93 (I remember), why are so afraid of this situation with recession in particular and why think that could be worse? … I do not understand it.
On the other hand, I can not deny that I enjoying from the rostrum of the local economic framework, as they sinking the builders who sought plunged us and how they breaking usurious real estate, while the banks that we were deceived by mortgages sand will fill in unpaid … … If those who recently dealt with us disregard ‘to’ and like a flock of sheep when we were going to ask about mortgages without look to the face, by having a row from behind … Those very concerned that we are now almost kiss the shoes for enter in their offices.
Well, that sink! And even more so after knowing that they prefer the flats to give the banks before they get off the
price schemes more accessible to those who do not have your own home. As recently stated on television Guillermo Chicote, President of the promoters, which as everyone knows, is allegedly based on enriched impoverish to others in the business of brick.
But back to the subject … According to “experts” (read politicians and journalists). The
symptoms now determine that we are really in a crisis are:
– Loss of purchasing power (or inflation)
– Rise in oil prices
– Price hikes and little access to loans
– Raising the lending rates (mortgages)
– Falling stock indices
– Because what they say on the news
… Consider for a moment each in detail …
At present we have about 2.6 million
unemployed in Spain and our population is just over 46 million people with a 56% (approx) people of working age. That means that 10% of the country’s active workforce is unemployed ‘to’ and hence could be considered “in crisis”.
The problem is that 10%,
then at 0.05% of the total population, so that only small are the percentage of people who feel at first hand that there are crisis … Does not seem like a very small percentage for think that there can be? I do.
On the other hand, the
unemployment were not at zero, so nobody can say that the increase is based on the current figure, which is like trying to paint the means to make it more < > worrying . A year ago (October 2007) the level of unemployment was 2 million people, so we compared the difference is not much and perfectly attributable to the consequences of the explosion of the housing bubble that came to turn motivated from other causes.
that these people have been on the dole, I agree that, but also believe that their jobs were already quite
precarious , as a real estate growth as experienced during what is going on era fictive decade and expected something ephemeral (20% of GDP), so the thought that he had assured his job is going to continue to follow selling buildings in these conditions (unsustainable) lived within a fantasy.
In addition, most of these people who are unemployed be
gaining some unemployment benefit, so neither will be without safe to eat and that sooner rather than later, will have the
opportunity to relocate in another area, either formed or espabilándose … As far as I know the press, the Internet and the streets are full of ads of employment opportunities, is very easy to be dismissed and then say that there is crisis hoping that the government will help them instead of moving to find something else. So long as there are so many job advertisements by cover … and there is work to understand my work if there is no unemployment crisis, but “ cultural crisis ” due to the ease and comfort of many people.
I neither me like
work on something
different what I want, but if I have to do to keep me, then I will have to face it … I hope then to a future ‘to’ and likely readjusting supply and demand working to get back to be visible in my employment market preference .
Loss of purchasing power :
If I agree that it is time to stop
so much and you start to see things with two fingers in front … The odd thing is that I still listening a whole talk about world crises, but I see them talking about the subject seated in the same terraces and malls crowded with people and not just complaining of prices but consuming . We also see them talking about crises in the same high-end vehicles while filled the fuel tank … and even saw them recently, speaking of a crisis during the holidays in all those planes and hotels crowded with people and where no one stopped talk of crisis while called wine and cheese to the stewardess .. Hummm!
I do not doubt that there may be people who are from wrong, but has always been the case Or is it that they thought had not
in Spain for 5 or 10 years? … Come to Court English! and we will see at the top of people and pululando buying ; then at the bars in passing I am still seeing people is not cheaper to eat or make coffee at home? So I do not know if the thing is as bad as Announce … What is most perplexing is that I keep seeing posters in stores “are looking for people” if the thing is still so bad, how selling both stores?
While it is true that the price of some food and services started to rise since the beginning of the year, have now begun to drop, so it can no longer take this
as one of the < > variables to say that there is crisis. In fact they reported that prices had climbed as a result of skyrocketing oil prices, which in turn is the result of the conflicts in the Middle East.
Maybe not remind in 2002 and with the advent of the euro all prices shot
, but never noticed the fear that I see now, not heard anybody talk of crisis, will it be because the media saw him not so? or is that the
rounding us applied at all points of sale could not be used as a media topic of mistrust … I do not
know what is not clear to me and I do not convince these variables. < >
Rise in oil prices
For those who do not know, the price of oil and thus of gasoline you put your car
by supply and demand of the global market, so with or without a crisis, nobody can do anything for resolve … It is estimated that if the U.S. had not invaded Iraq, oil prices would be 48 U.S. dollars a barrel. What
that there would be no crisis causes related when gasoline prices.
Party INCREASE of the products we owe precisely to this other factor that makes them so much harm to the countries that do not have the precious Mineral and not so much to the media crisis. But we must be clear that it is a factor that we have been
all Westerners from the “holy” war in Iraq and that is just the product of the infamous U.S. foreign policy, we has odds with most of the countries producing black gold and that his mania retaliation then the S11, has made worldwide load with the blame for their misfortune.
Also why climbed the prices of tickets and not because of the crisis last summer, so if you do not couldn go to the Caribbean this year, not because nothing happens. Indeed, the beaches of the Spanish coast are also very good and believe me that
a lot of expense, in fact we are surrounded by it … Ironic in my tone, but true in the context.
What is most strange is that I have not seen the first case somehow (a) affected (a) by the “crisis” that has decided park or sell your car to move into public transport and
published data from a study which showed only 4% of Spaniards would be willing to dispense with the car and assume other forms of mobility as the rental or use shared, not strange …? … I mean … If he has so many complaints of crisis but as unwillingness to let our comforts assumed.
On the other hand, the report also reveals that the rate of vehicle ownership in Spain is especially high, 91%, compared to 85% in Europe. Go there crisis! … Why not go by public transport and
money from gasoline to pay their mortgages? Oh I know! … What happens is that not wish get on the subway or the bus to smell the sweats of the thousands of workers who use it daily, because go accustomed.
For all the above and more particularly, begin to talk of crisis when no longer found detentions and traffic jams on the highways because there are no Spanish money to put petrol or because people have stopped using their cars.
Loans inaccessible and expensive :
It’s hard to see if the crisis continues
the lady of South American origin for ironing and cleaning, when what can we do on Friday and Saturday night instead of going out to dinner paying with the credit card.
Here in this country as attractive for immigrants and then having spent a few years accustomed to “live as well” because we do not want to go back now
the Consumption and spending on things that do not need but definitely want … So we fund the vacation you can not pay our wages “because it”, finance a car more expensive than we can buy “because yes, we bought the plasma TV 42 “ instead of buy a TV normal” because it “and still in an escalation of consumerism irrational ever seen in this country. We bought everything new and will repair not nothing, “complete with a little more if I have a new !”.
Meanwhile, banks with great spirit solidarity and knowledgeable of their great commitment [/ ironic] simply took the opportunity and started to give hundreds of thousands of loans left and right , Thinking that the source does not leave Manna flowing ever and as always
Result: No more money tap unnecessary closed coup and now only will who really
guarantees of being able to return as requested. The trouble is that this schizophrenia on the basis of consumption to needs created by advertising, will leave its aftermath on the economy as a delinquent and unpaid that will raise the rates of delinquencies, bringing more influence refusal by the states of result of the banks.
Rise of the lending rates and the Euribor :
“duplex” real estate / mortgage, I am very happy because there are crises and above all I am happy because the industry is going brick him so badly, in fact
not return to recover any more. I am also pleased that the banks have lost so much money lent to real estate and also happy that now I do not know to do with all the flats are going to recover from people who have lost by not to pay.
Here point can say (with effrontery) that I am happy for those in crisis for not being able to pay the mortgage, because I am one of those when I saw that
I could not < > Buy a flat of 60m2 paying 1200 € / month low interest, simply
not bought . First, because knew that the price they would pay was too expensive ‘to’ and because they also knew that those interests were clearly to rise in the not too distant future, so bet < > For rent and I see that I now would be a mistake because the water around his neck.
So to all those who are now consider in crisis because they got into a mortgage when ever due have done, because what is good deserved . Every who is making his choices in life and they took a wrong
, will now assume the consequences. Why did not live in rent … How do most people
around in the world? (except in Spain). With his behavior consumerist ‘to’ and selfish, promoted ‘to’ and dynamized usury in the purchase of sale of flats, causing prices shoot until the clouds into a vortex of consumption that contributed irrational, and much, the disaster economic we now have.
The banks were the other guilty have promoted the excessive lending of money and even illegal, because they knew they were with to people who could not fill the minor symptom of risk. Then the real estate contributed building and promoting the sale of property to people who could not
, into believing that it was a big business and conchupancia with bankers did traps
to finance up to 120 % Of the buildings.
Consumers, in their eagerness to capitalize of the status of INCREASE real estate thinking they were doing a “grand bargain” that could get more money in the future (and by risk their present and future), rushed to borrow for life as long as you have “ownership” of something that quite possibly never come to be really on them. And this not counting those who acquired
more than a mortgage thinking of profiting even more, even knowing the damage it did to the economy and the rest of the
inhabitants of Spain with his actions. < >
Not me come to say that they are now in crisis, because a lot did to work for any. So we have to accustom to live with less and to know that there will be no profits after their dire actions but rather losses … losses that certainly should assume no joke but without lloradera, just because of the shame know damage they did to others.
Those who have wanted own a house they have always been able to afford. The problem we see today and that seems affect the economy, are those who are now “crying” by the climb of mortgages … People who barely been working for two days and not want live rent because “this is how immigrants living” … as if their parents and grandparents had
to live in a house you own 30 and 40 years ago. In this country everyone wants floor itself and the rest of the world it is normal rent. I think that too story of having no money to pay the mortgages but if the shares of cars and fill up with gasoline every time they go to dine out where they get the money if there is so much difficulty?
The true poor suffer crises carry a lifetime and so far nobody had been concerned about them and had not said Or is that word they think that we were all rich two years ago?
Falling stock indices :
Although the issue is more
by the media and who was liable by the great global crisis, which is just less impact has had in Spain due to minor that is our bag.
I know that for most it is difficult to accept know ignorant by not knowing how to understand where it comes from the crisis or
if it truly exists. I also know that the press and television and other media, are still bombed with news headlines and in that sense … So much so that the final finish hesitating whether there is indeed a crisis or not, but our five senses warn us that everything remains as
as always, well not so normal, but if as usual.
That’s why I recommend reading an excellent summary by Javier Linares in a recent article on his blog, so you can understand, what no one understands what is happening and why it may be happening.
The Crisis Ninja
– The banking system is entering a spiral of achieving high returns based on the granting of mortgages and the rapid rise in housing that is experiencing month to month, reaching more money than it actually increases them with housing future. < >
– The banking comes to providing so much money that runs out of cash for that service.
– Thanks to the globalization of U.S. banks asking for money to foreign banks.
– The U.S. bank lends more money than it can deliver with liabilities that have and that the law allows.
– To get rid of their liabilities, the banking company that creates not consolidated into its accounts and they sell them to its liabilities.
– The new company, they need money to pay for their purchases issued debt backed by assets that have just acquired (actually the liabilities of its parent companies).
– Investment funds are insured by insurance companies owned by the parent banks.
– Meanwhile, the ninjas are paying their mortgages, money is money and everybody wins.
– Early in the year 2007 starts to turn down the property market, the ninjas have to repay their mortgage problems and the system starts resquebrejarse.
They say that means
If you look at the
details’ to ‘and not what they say in the news, the pace of life that
is the same as before, even though the media is
to make us believe otherwise. I think that falls in stock markets and the
U.S. economic affects economies, but not the
destroys’ to ‘and much less to destroy a country. If we
restrict in expenditures by the influence received from the media, because it seems to me very well for incentives
savings and slow consumption, especially consumption of jets, but did not attach a
I believe that if stop talking so much of what we know and we get a work , the crisis will be so fast that neither us agree it. He had already commented on this blog that the money is not everything: Judging our quality of life only by our financial situation, then we will always some miserable. We should not put so much emphasis in the material.
, the media
wish capture your attention but do not say that any status crisis can be overcome. Nor do you say that the effects of the crisis, depending on your treatment , can result in a opportunity invaluable to exit reinforced as a country in a positive way. “Everything depends on the glass from which to watch” and must ensure
that means we are not exposed to financial statements
anxiety though the public look at the situation from another perspective, this can only be achieved through effective communication, timely transparent.
Thought : There may be some difficulty, but for all time, you do not confuse because it means using the problems of U.S. banking for market newspapers. I advise you to give you a stroll through your city and see how this climate that we are still favors , all the terraces are full of people spending money into the hands full, we have had crises in the a lot Sometimes , when we lose jobs, the birth of a new child, when the couple separated, in that there is no doubt that if … well … that’s why we always
in crisis is not it?.
Tell me how you manage to do versus to the situation and if you have had to do something special or just those altered by what you hear on TV.