Voy a ir el fin de semana a cangas do morrazo en vigo y me gustaría que alguien me dijera sitios para visitar,donde comer, llevamos coche así que no importa si esta un poco alejado.Si buscas el mejor precio de actividades en Vigo, búscalo en l3b.es
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¿Cangas do morrazo qué ver,hacer?
Citigroup has released a forecast which is very troubling in regards to employment and growth in the Spanish economy. With unemployment already having hit 17.9%, Citigroup expects layoffs to increase this to 22% in 2010. The stabilization that the Spanish labour market seems to have shown, with an increase of 0.5% in the unemployment rate to 17.9%, is only an illusion. Unemployment will continue rising, reaching 22% at the end of next year, economists estimated at U.S. bank Citigroup. In the opinion of the experts at the company, the recovery will reach Spain later than elsewhere in Europe because of the extent of deleveraging facing the Spanish economy. Therefore, there remains a substantial possibility that unemployment will continue to rise, after the withdrawal of the effects of fiscal measures taken by the Government. However, the company recognizes that the figures published today confirm that the pace of job destruction did slow in the spring. But a large part of the improvement occurred in the construction sector, primarily due to the impact of government support measures (Plan E). But given the sharp adjustment that the Spanish property sector has to face, Citi doubts much of the data that showed a real change in the trend in employment today. Ultimately, the analysts suggest that the improvement is cyclical and not structural. According to the data released today in the Labour Force Survey (LFS) by the INE, the number of unemployed persons increased by 126,700 in the second quarter compared with the first, to 4,137,500, bringing the unemployment rate to 17.92% of the working population. The number of unemployed is a record number, the highest since 1976 when record-keeping began. Moreover, the number of households with all members unemployed rose by 49,900 in the second quarter and 564,400 in one year, which brings the total to 1,118,300, while that of households with all members employed fell by 9 8% to 9,519,400. Basically, things are looking bleak in Spain despite the positive spin some are putting on Friday’s numbers. This very definitely will negatively impact the employment market in Spain. Zapatero should feel lucky he was re-elected last year or he too would soon find himself unemployed. Story from Seeking Alpha
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Spain’s Unemployment to Reach 22% in 2010
Este finde voy con la familia a hacer un “tour” por las Rias Baixas, nos alojaremos en o Grove. Llevamos el coche y nos gustaria movernos bastante (tampoco llegando hasta vigo) conociendo esa zona… que sitios no nos podemos perder?? tenemos pensando ver la toja, portonovo, sanxenxo… Sitios chulos para comer (que no sean mu carosss)?????Encuentra vuelos
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que visitar por las Rias Baixas?
This cycle of bubble and bust in housing is drawing to a close. For many the ferocity of the bust and the collateral damage that followed was a shock, but bubbles and busts are not new; chances are there will be more. 1. All bubbles need a catalyst. Bubbles start in “good times”, typically GDP is going up and people have money to spend and invest, so money starts chasing assets and if it takes time for the supply of those assets to increase, prices go up. 2. Easy Money If credit is available at less than the asset price, people who participate can make money from nothing, and the reason they buy becomes less about getting something they want and more about playing that window. That draws more money to compete for the already limited supply of assets, that’s the start of the bubble. 3. Greed starts bubbles, fear drives them. In every bubble the “Early-adopters” make fortunes, but they are the minority; the real drivers of every bubble are those who came late, that’s the way pyramid schemes work; for every winner, there has to be a sucker. Greed of course plays a role, in the beginning the maxim is “those who snooze loose”; then comes fear. 4. Knowing the price of everything and the value of nothing. Dumb valuations are an essential component of any bubble, first because they convince the suckers to pay, and second because they convince banks (and all the rest), to keep on supplying the credit, which is the essential lubricant of such perpetual motion machines, and when the bankers start lending money without understanding value, that drives the bubble forward. 5. The fatal seduction of New Paradigms. Remember the Dot.com boom? They had these complex formulas for how you could value a company that had never made even an approximation of a profit, let alone had a coherent business plan. Ultimately it’s all about valuation, and if something is new, it’s harder to do a valuation. 6. Judging the “Pop”. Judging the pop is the hardest part, but when the rate of increase starts to drop, that’s the time. 7. The amount of wealth created by a bubble is always less than zero. Bubbles create no long-term economic value. Often they encourage people to borrow to spend money on luxuries, rather than investing in capability that might in the future create value that could be used to pay back a loan, for example an education, a technology, a franchise. That “waste” is how bubbles often end up destroying economic value. What happens next? The level of foreclosures has nothing to do with the way bubbles dissipate, the price has to go down to the place the market re-starts, how it gets there, and how much pain there is irrelevant to the inevitable progression of the long wave. One ray of light is that historically there is a strong negative correlation between investment in equipment and the extent of market mispricing (read real job creation rather than creating public sector jobs which is where most of the jobs in UK were created over the past five years). That’s logical, mispriced housing makes it more expensive to operate, so new jobs get created elsewhere, one more reason why allowing property bubbles is pure undiluted irresponsible lunacy. This article was written with refernce to the US, UK and Dubai property markets. It also fits perfectly describes the evolution of the Spanish property market. Story from Seeking Alpha
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Seven Laws of Property Bubbles
España tiene un valor añadido, para el que viene de emigrante a España. Y es el valor de ser el pais del mundo con mayores nominaciones a ser el Patrimonio mundial de la Humanidad. Si lo deseais podeis consultarlo en la pagina: http://whc.unesco.org/en/list Francamente para nosotros los españoles ES UN GRAN ORGULLO! *
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Sabias que España es el pais del mundo con mayor patrimonio mundial de la Humanidad?
Investors are still nervous about sterling after Britain’s economy shrank by more than expected in the second quarter of the year. The pound and euro are both slightly higher against US dollar. From last Monday morning’s €1.16 the pound made no net progress on the week, opening just short of €1.16 this morning in London. The low came on Wednesday at €1.15 and Thursday night’s high was just above €1.1650. The FX market was not alone in feeling the stultifying effects of the summer slowdown. Price movements were either dampened by lack of interest or intensified by lack of liquidity. Sterling did not have a particularly easy run. The week began with news that Treasury revenues fell by more than £30 billion in the last tax year. Expenditure had clearly gone up so investors were left to fret about what the government was going to do about the mismatch. Wednesday’s Monetary Policy Committee’s minutes failed to provide sterling bears with any ammunition. There was no hint that the Bank of England would extend its Asset Purchase scheme - “printing money” as some would have it - beyond the £150 billion already earmarked. Even the last £25 billion of that is not yet committed to the programme. That revelation was good for sterling, as was the following day’s retail sales figure for June. Sales were up by 1.2% on the month and 3% higher than a year earlier. It was a different story on Friday, however. Every three months the Office of National Statistics correlates all the available information to see how the British economy as a whole has performed. For the first three months of the year investors already knew that Gross Domestic Product shrank by -2.4%. They were expecting the first estimate of second quarter GDP (it will be revised a couple of times before the final figure) to show a much smaller -0.3% contraction. What they got was a -0.8% shrinkage, more than twice the forecast decline. Not surprisingly, sterling took a hit. The euro and the pound both gained a little ground against the US dollar but neither showed any sense of purpose, changing direction on average at least twice a day. Euroland’s economy had little to say for itself beyond an increase in German business confidence and broadly-based improvements in national and Euro zone Purchasing Managers’ Indices. This is not to dismiss those improvements, rather to underline a general shortage of hard-core economic data from the region. Although the pound again failed to consolidate above €1.16 the support level at €1.15 looks reasonably comfortable. Nearly all sterling’s work in the last three weeks has been done between €1.15 and €1.17. Close to the middle of that range again this morning there is no reason to look for a breakout in either direction. Buyers of the euro should hedge half their requirement and wait to see what happens. Story from Moneycorp Find out all you need to know about foreign exchange with Moneycorp
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Euro Weekly Update: July 29th 2009
graciasPara encontrar los mejores precios en hoteles en Llobregat, visita l3b.es
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alguien tiene o sabe de algun piso de alquiler en el prat de llobregat?
My star article this week is Realism Rules in Overseas Property . Although not specifically addressing the Spanish property market, it contains 10 pithy and basic questions to ask yourself when buying abroad - anywhere. The most important one for me is No. 9 - “A property is a long-term commitment if you want to make money from it”. If more people had actually payed attention to that piece of advice, we would have avoided the worst of the current economic crisis. Speculation about increasing property prices actually drove the property bubble to bursting point. Two articles deal with the consolidation going on in the banking sector in Spain. In Three Spanish Building Societies Merge , we learn that three Caixa’s (pronounced kay-sher) in Catalunya are pooling their resources because, individually, they are at risk from the high level of loans in default. The reasoning is that, even though they’ll also be pooling their bad debts, they’ll also be pooling their reserves, creating enough of a combined financial buffer to hopefully make it through the worst of the economic crisis. In Spanish Building Societies Continue to Struggle , we learn that the Cajas (pronounced ka-ha) - the Castilian Spanish version of the Catalan Caixa - along the Andalucian costas are all set for consolidation too. With more coastline than all the other regions - and less industry than most - Andalucia has been more susceptible to the sort of rampant urban overdevelopment and municipal corruption that helped precipitate the property market collapse. One of the results of this level of bad debt and corporate panic in Spain is that the cost of long-term rents is coming down. In this detailed Bloomberg article: Most Spanish Rental Property Since 1950’s , we learn that, in the larger cities, rents have decreased for the first time in a decade. As Spain’s Caja’s and Caixa’s have already become the country’s largest group of Spanish property owners (which they are struggling to resell), expect them to also become the country’s largest group of landlords. Finally, the latest Euro Weekly Update is another reminder that there’s a significant amount of money to be gained or lost in currency exchange when buying a property in Spain. It’s likely that the summer will be a volatile time for Sterling. I’ll certainly be keeping an eye on the Euro/Sterling exchange rate and forward buying when and if it hits 1.15. If you had bought Euros with Sterling at 1.184 last month, compared to today’s rate of around 1.16, you would have saved £2,400 for every £100,000 you exchanged. That kind of saving or loss can quickly add up - which is why Moneycorp’s advice is to “hedge half your requirement and wait to see what happens”. Martin Dell, Kyero.com
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Spanish Property Speculation Burst the Bubble
porfavopr lo que pasa es que necesito el credo cacerista completo y el himno a andres avelino caceres (son distintos)…por faa….En l3b.es puedes encontrar entradas para espectáculos en Cáceres al mejor precio.
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¿AAYYUUUUdaa?
Hola.Me gustaria reciclar tambien los aceites y me gustaria saber si hay en Valencia (España) contenedores para reciclarlos,porque a mi me da que no.Gracias.Las mejores ofertas de restaurantes en Valencia las encontrarás en l3b.es
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Me gustaria saber si hay contenedores en Valencia aptos para los aceites?
