Desesperados ante la crisis de su consumismo y vicio los ignorantes españoles se creen que sólo les va mal a ellos, que los demás se recuperan, que subir los impuestos (en España el IVA es más bajo que en Uruguay) no, pero que el gobierno tiene que crear empleo y gastar más, no, gastar menos, qué va, combatir el desempleo despidiendo a los empleados públicos…

Ya que preguntáis que países están peor que España y cayendo por la pendiente, tengo el gusto de pasaros la lista:

Islandia, arruinada. Estonia, Letonia y Lituania, arrasados. Irlanda, en bancarrota.

Gran Bretaña: se hunde en el mar como la mítica Atlántida: su deuda pública, 800 ‘billions’ de libras = un Billón decimal de euros. En Agosto tomó prestado 16 mil millones de libras, lo jamás visto.  A peor, peor: se temen cortes de luz porque la producción está en riesgo por falta de previsión:  No construyeron Nucleares, no han montado los eólicos necesarios, falta de gas, decadencia de las minas de hulla.

Dinamarca: la peor crisis bancaria de Europa.

EEUU, 20% de paro, todos los indicadores al rojo, las casas se venden a la mitad, echan a la calle a maestros, trabajan 4 días por semana, ciudades que se despueblan (Detroit, y todo el Rust Belt, Ohio, Michigan), empresas arruinadas, la gente huye de California.

Japón: no hay recuperación.

Rusia: no sólo arruinada, la población disminuye por alcoholismo y embrutecimiento.

No tengo espacio.  Zapatero, ¡ Ni  un  paso  atrás !

ALGUNOS ENLACES A ARTÍCULOS QUE DEMUESTRAN LO QUE DIGO Y si Ud. es un ceporro y no puede leer el idioma del comercio, la culpa no es de Zapatero, ni del Ministro, ni de los profesores.  La culpa es de su padre y de su madre, que de padres zoquetes hijos mendrugos.

Britain’s public debt hits £800 billion – the highest on record

Britain is clocking up debt at a rate of £6,017 per second as the Government struggles to balance the books. With tax receipts plummeting because of the recession, state borrowing grew by £16.1 billion last month — almost twice the entire budget for the 2012 Olympics. Net borrowing for the first five months of the financial year stood at £65.3 billion, compared with £26.1 billion at the same stage last year. Total borrowing soared past the £800 billion mark for the first time and total state debt as a proportion of national output reached 57.5 per cent.


Britain borrows record 16 billion pounds in August

The recession’s toll on Britain’s public finances was highlighted Friday by official figures showing the government borrowed another 16.1 billion pounds ($26.3 billion) during August — a record for the month.

  • Jobless figures show demise of the slump may be exaggerated

• Figures conflict with King and Bernanke’s remarks
• Britain’s jobless still rising after stimulus packages

Ashley Seager  The Guardian, Monday 21 September 2009

It’s a conundrum: central bank chiefs such as the Bank of England‘s Mervyn King and the US Federal Reserve’s Ben Bernanke say the recession is over, yet unemployment on both sides of the Atlantic continues to rise rapidly, with Britain’s jobless rate hitting a 13-year high of almost 2.5 million last week.

  • HSBC bids farewell to dollar supremacy

The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.

Telegraph, Londres By Ambrose Evans-Pritchard

«The dollar looks awfully like sterling after the First World War,» said David Bloom, the bank’s currency chief.

«The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the UK – debt is racing up to 100pc of GDP,» he said

  • Lehman collapse: 12 months on and Russia has its eyes trained on the oil genie

The near meltdown of the financial system hit Russia hard. 12 months on, Andrew Osborn in Moscow, finds the economics bruises remain.

The most powerful monuments to failure are sometimes the most unremarkable. About two and a half miles from the Kremlin, a dusty windswept parcel of land lays untended.

It was here that the Russia Tower skyscraper was supposed to rise, soaring over the brash capital of the world’s largest energy exporter. Had it been built, it would have been the tallest building in Europe. But then the crisis bit. Moscow’s city fathers have since opted for a project more in keeping with the country’s austere times: a car park. It’s a painful comedown for the world’s largest country.

  • Debt deflation laboratory of the Baltics

Property prices in Estonia’s Hanseatic capital of Tallinn have fallen by 59pc from their peak in the Baltic boom, a remarkable state of affairs for an EU country nestled against Russia on the most dangerous fault line in Europe.

By Ambrose Evans-Pritchard

Cost per sq.m has dropped from €1,611 (£1,455) to €669 since April 2007, according to Ober-Haus Real Estate Advisors. Swedbank says up to 30pc of its mortgages in Estonia are in negative equity. Recent loans are in euros – not the local kroon.

Professor Ülo Ennuste from Tallinn University says the private net wealth of Estonia’s people has fallen below zero. I know of no other country in the world where this has occurred, though Latvia may be deeper in hock. Estonia’s foreign debt is 116pc of GDP, second highest in Eastern Europe.
.La riqueza privada de los estonios ha caído por debajo de cero, el único país del mundo que ha pasado, aunque los otros bálticos, igual y peor.

U.S. «option» mortgages to explode, officials warn

The federal government and states are girding themselves for the next foreclosure crisis in the country’s housing downturn: payment option adjustable rate mortgages that are beginning to reset. «Payment option ARMs are about to explode,» Iowa Attorney General Tom Miller said [..] «That’s the next round of potential foreclosures in our country» [..]

Home Prices Could Fall by Another 25%

Home prices in the US could fall by another 25 percent because of high unemployment and another leg down will come for stocks, banking analyst Meredith Whitney told CNBC Thursday.

Wells Fargo’s Commercial Portfolio is a Ticking Time Bomb

[..] the bank has hired help from outside experts to pour over the books… and they are shocked with what they are seeing. Not only do the bank’s outstanding commercial loans collectively exceed the property values to which they are attached, but derivative trades leftover from its acquisition of Wachovia are creating another set of problems for the already beleaguered San Francisco-based megabank, Wachovia, which Wells purchased last fall as it teetered on the brink of collapse, was so desperate to increase revenue in the last few years of its existence that it underwrote loans with shoddy standards and paid off traders to take them off their books.

Bove: Wells Fargo Sitting On A Volcano About To Explode

Richard Bove says the gap between management views of the company and shareholders may be growing and he outlines a set of reasons that could lead one to believe Wells is either delusional or trying to do its best to postpone the inevitable.

The most troublesome point is the bank’s «questionable» loans and securities, which seem like a ticking time bomb.

10 Big Companies That Are Veering Toward Bankruptcy

Despite a few green shoots in the economy and a rocketing stock market, many large companies are still struggling to avoid bankruptcy. A new report by Audit Integrity identifies some high-profile names «that have the highest probability of declaring bankruptcy among publicly traded firms.»

Joseph Stiglitz says recession’s end by 2012 «an optimistic view»

Did you hear? The recession is over! Or at least it will be in the foreseeable future! And several of our leading economic sages have said so, so that makes it true. Or does it? Not when there’s a prominent naysayer like Joseph Stiglitz. The Nobel-winning economist, a former head of the World Bank and now a professor at Columbia University, has a blunt — if characteristically bearish — warning of more economic turbulence ahead.

Stiglitz’s outlook is anything but rosy. Americans must prepare for the recession to continue until 2012 — practically, if not technically — he said this week in an interview with DailyFinance. Stiglitz blasts the use of complex derivatives, which he says go against «the social good,» and he reserves special contempt for Goldman Sachs and the $13 billion injection it received from the U.S. as part of AIG’s counter-party bailout last year.

What We Can Learn as Japan’s Economy Sinks
by Andy Xie

Japan has had a political earthquake. The Liberal Democratic Party (LDP) that ruled Japan since the end of the World War II lost most of its seats in the latest election, while the Democratic Party of Japan (DPJ) won 308 of 480 lower house seats, complementing its majority in the upper house. Now, DPJ is in a strong position to undertake structural reforms. Indeed, a big political change brings hope in any country that’s stagnated for as long as Japan. However, DPJ is unlikely to turn around Japan’s economy anytime soon. LDP, in the name of Keynesian stimulus, spent all its money over the past decade on wasteful investments, leaving DPJ with no resources for reform. I’m afraid DPJ has an impossible situation on its hands.

En Alemania, Der Spiegel y Die Welt informan que la mitad de los directivos despedidos

Half of Germany’s Top Managers Given the Boot

It’s tough at the top and a new study shows just how precarious it can be in the upper echelons of corporate Germany. Since 2006, one in two board members at companies listed on Germany’s blue-chip DAX index have been fired. And once you are out, there is no going back.

  • Danish banking crisis the worst in Europe

The U.S. and the UK are not the only countries suffering from a housing bust and a credit crisis. Ireland and Spain have had massive busts as well and it is only a matter of time before we begin to see affects on the banking sector. And there are many other countries that have seen a sizable impact from the crisis. However, Denmark is the country where the credit crisis has hit hardest in Europe.

Canada gets low marks for poverty: Conference Board

Canada’s poverty rates — particularly for working-age Canadians and children — are among the worst in the developed world, the Conference Board of Canada reported Thursday. Canada received an overall ranking of ninth among 17 countries for a collection of social measures of social cohesion, equity and self-sufficiency according to the report, conducted annually.

More than 12 per cent of the working-age population was living in poverty in 2005, an increase from 9.4 per cent a decade earlier, the report found. That ranked 15th among the 17 countries surveys — ahead of only the United States and Japan. The child poverty rate also increased from 12.8 per cent in 1995 to 15.1 per cent in 2005, ranking Canada 13th among the 17 countries.

Denmark had the highest societal ranking among the nations polled. Also receiving an ‘A’ grade were Norway, Sweden and the Netherlands. The United States ranked last among the nations studied.

Foreign investment in UK falls by half

Recession deterred foreign firms from doing business in Britain, and domestic firms focused on home market as the pound fell in value
Ashley Seager, Thursday 17 September

Britain saw inward investment slump by half last year as the recession deterred foreign companies from doing business in the UK. British firms also concentrated on their home market and overseas investment collapsed as the pound fell.

Chrysler Executives Say U.S. Industry Sales Plunging

Chrysler Group LLC, the U.S. automaker run by Fiat SpA, said nationwide industry sales are off 19 percent so far this month after a government purchase- incentive program ended. «We are going to see harsh reality in September,» Sergio Marchionne, the chief executive officer of Fiat and Chrysler, said at the Frankfurt Motor Show. He described the U.S. industry results as a «disaster.»



Por Armando

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