What the means count

The sale of safes has gone off in the USA in the last months for the suspicion of the investors to the banks. The same reaction happened already during the Big Depression. Many thifty persons wonder what to do with his money. The answer is not simple. The crisis through that the markets live has a distinguishing fact with other moments of turbulencies: almost no assets are saved from the fire. The variable revenue accumulates falls of 45 % in the year, the investment funds and the pension plans lose of average 4 % and 6 %, respectively, the price of the apartments falls down, the market of fixed revenue is moribund for the absence of liquidity and the fear of more suspensions of payments … Before this panorama the only alternative to the safe seems to be in the public debt, more for his safety than for his profitability, and in the bank deposits. Muchos ahorradores se preguntan qué hacer con su dinero. La respuesta no es sencilla. La crisis que viven los mercados tiene un hecho diferencial con otros momentos de turbulencias: casi ningún activo se salva de la quema. La renta variable acumula caídas del 45% en el año, los fondos de inversión y los planes de pensiones pierden de media un 4% y un 6%, respectivamente, el precio de los pisos cae, el mercado de renta fija está moribundo por la falta de liquidez y el temor a más suspensiones de pagos… Ante este panorama la única alternativa a la caja fuerte parece estar en la deuda pública, más por su seguridad que por su rentabilidad, y en los depósitos bancarios.

The financial advisers consulted by THE COUNTRY believe that in the short term the volatile nature will keep on being extreme therefore they advise to those investors with not top temporary horizon at the age of 12 months and with a conservative profile to support the bet in the assets of low risk (Treasury bills, monetary funds and deposits). If the thifty person, nevertheless, does not have a need for immediate liquidity and his nervous system allows him to design a long-term strategy it can be a good moment to make portfolios with more risk.

Finished article | And now: where do I invest my money? (The Country) ¿dónde invierto mi dinero? (El País)

As Valentín Bote indicated yesterday, it is this economy blog, the most worrying of the Survey of Active Population (EPA) of the third trimester of this year is the reduction of the number of occupied: the Spanish economy destroys employment. Nevertheless, the loss of occupied is affecting only the Spanish population while employment one believes in the immigrant population. This way, the busy Spanish have diminished in the third trimester in 83.600 persons and in 266.000 in the last twelve months, while the foreigners increase his employment in 5.000 in the third trimester and in 100.000 in what it goes of year. Sin embargo, la pérdida de ocupados está afectando solo a la población española mientras que se crea empleo en la población inmigrante. Así, los ocupados españoles han disminuido en el tercer trimestre en 83.600 personas y en 266.000 en los últimos doce meses, mientras que los extranjeros aumentan su empleo en 5.000 en el tercer trimestre y en 100.000 en lo que va de año.

Finished article | one will begin destroying immigrant employment? (Economy Weblog) (Economy Weblog)

The world economy has a solution. Drastic, but solution: the chemical castration. To big evil, big remedies. Very well, also it would cost the castration to the gross thing, but we are civilized: no? la castración química. A grandes males, grandes remedios. Bueno, también valdría la castración a lo bruto, pero somos civilizados, ¿no?

Let's go on parts. To whom is it up ‘to avoid the crises in the monetary systems, breathing to the countries to adopt well founded economic policy measurements and advising the central banks’? To the International Monetary Fund. Whom is the poverty up ‘to reduce in the world’? To the World Bank. How is the economy? Badly. How is the poverty? Increasing to all milk. It costs, since we already know that the Monetary Fund and the World Bank have worked of sorrow. Al Fondo Monetario Internacional. ¿A quién corresponde ‘reducir la pobreza en el mundo’? Al Banco Mundial. ¿Cómo está la economía? Mal. ¿Cómo está la pobreza? Aumentando a toda leche. Vale, pues ya sabemos que el Fondo Monetario y el Banco Mundial han funcionado de pena.

Finished article | chemical Castration (Soitu.es)

The Organization of Exporting Countries of Oil (OPEC) decided this Friday a substantial clipping of his production, of one million and a half daily barrels, in full financial tsunami that has aggravated the weakening of the world economy.

In a meeting of urgency in Vienna tensely waited by the markets, the OPEC announced that it would remove of the market one million and a half daily barrels (mbd) from November, to avoid the collapse of the prices. The clipping, which will come into force on the first of November, thinks about how to brake “the dramatic collapse of the prices”, announced the president of the Organization, Chakib Jelil, that he is the minister of Oil of Algeria.

This reduction means that the production of the OPEC will lower of 28,8 mbd 27,3 mbd, to answer to forecasts of a strong fall of the demand because of the recession that it watches to several countries from Europe, to the United States and to other economies of the world.

Finished news | The OPEC cuts his oil production away in full financial marasmus (Yahoo! News) Noticias)

He even makes very little for the majority live of rent it was an almost unthinkable alternative, a life style that was colliding with the culture of the property, so extremely established in Spain. But yes a real and natural option tied to students, and professionals who were out of his origin place. The arguments of the opposite ones to this practice were turning concerning that renting was something similar to invest in broken sack, since the housing for which a revenue was paid would never become his. But, if one starts throwing accounts, with a mortgage loan of 50 years to the backs and with a numbers dance whenever his review comes: in what moment does the housing become of the one who pays the letter? And the true thing is that, according to the experts, the rent is more profitable than the buy of a house when it represents 50 % of the average mortgage quota. Los argumentos de los contrarios a esta práctica giraban en torno a que alquilar era algo parecido a invertir en saco roto, ya que la vivienda por la que se pagaba una renta nunca llegaría a ser suya. Pero, si uno se pone a echar cuentas, con un préstamo hipotecario de 50 años a las espaldas y con un baile de números cada vez que llega su revisión, ¿en qué momento la vivienda llega a ser de quien paga la letra? Y lo cierto es que, según los expertos, el alquiler es más rentable que la compra de una casa cuando representa el 50% de la cuota hipotecaria media.

Finished article | apartments Rent: is it a good moment? (Eroski) (Eroski)

The president of the CEOE, Gerardo Díaz Ferrán, warned today that during next two years “it is not going to be easy” to obtain credits of the financial institutions, of which these will be more expensive and of which the guarantees that will be demanded will be major.

Díaz Ferrán, in declarations to the chain SER recogidas for Europe Press, proved to be convinced that most of the liquidity that banks will acquire and boxes thanks to the measurements of the Government her the financial institutions are going to remain to expire with his commitments, but he trusted that a part could end up by coming to the companies.

The president of the management Spaniard denounced that the absence of financing is leading many pymes to the failure and to many workers to the unemployment, therefore he asked the Government “to adopt exceptional measurements in exceptional moments” and to offer to the pymes the safety from which the credit is going to come to them.

Finished news | Díaz Ferrán warns that it will be difficult to obtain credits in next two years (Europe Press)

According to the theory of the economic growth the innovations are the most important mechanism to obtain economic growth and employment. Along the history the successive innovations waves have produced important jumps in the growth and changes in the economic structure of the countries. The principal inventions and technological advances have concentrated on three big periods … Los principales inventos y avances tecnológicos se han concentrado en tres grandes períodos…

Finished article | world economic Crisis: Do we need new technologies? (Economy Weblog) ¿Necesitamos nuevas tecnologías? (Economy Weblog)