May 10

Antonio Romero-Haupold, president of the Federation of Automobile Dealers (Faconauto) has warned that the drop in car sales in Spain cause “necessarily” the destruction of 30,000 jobs and insisted that the Government address the implementation of a plan to provide direct aid to the purchase will allow argues that the “resurgence” of reaching a win-win situation because the more sellers able to sell while the company overall would benefit from the aid.

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She also talked very positively to the initiative of Navarre, which is the only community that is saved from this great crisis and it is argued their implementation of the plan of aid for the purchase of vehicles has made significant positive results “Its promoters say no never have sold that much. ”

Moreover, the Catalan Federation of Venedors of Motor Vehicles (Fecavem), has used the press to demand the Catalan implement a plan of direct incentives for the renewal of cars, commercial vehicles and motorcycles in the community.

Jaume Roura, President of Fecavem express request the Government to aid of 1,500 euros for the purchase of a vehicle or commercial vehicle the delivery of new and old to a scrap, and 1,000 euro for buying a vehicle less than a year. In the case of used vehicles less than five years has proposed a subsidy of 500 euros.

It also raises incentives between 3,000 and 12,000 euros for commercial vehicles, heavy and support between 300 and 700 for motorcycles.

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May 7
Investment funds are one of the best options to obtain higher yields of money to be invested and interest rates on deposits are very low simple, although the investment funds include a little extra risk to deposits have very little risk (and therefore very low profitability) are investment funds that have investments classified as investment risk, you may go to an investment fund and consult with a specialist on what investment risk moderate “investments” conservative “investments and” aggressive “and choose which one wishes to participate.

funds

What do investment funds is to organize a group of investors looking for a common purpose.

Conceptually, an investment fund is a collective investment company in which all participants receive higher returns in the amount of capital gain than on an individual basis, in other words what is done is to bring together a wealth of input from several people.

As it is possible to classify the performance of investment funds into two categories:

a) Funds .- Distribution of Income or those that are distributed on a regular basis the benefits of the institution, to shareholders via dividends.

b) Funds or Cap Growth .- What are those where the management company collects the rents and revenues reinvested in the Fund’s assets.

Some of the advantages of mutual funds is that money is easy to recover, does not require large capital (the plurality of investors means that investment is available) and there is also a very small possibility of losing the entire investment but in fact if You can lose money by investing in them.

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May 5

The National Association of Credit and Financial Institutions have their data in more than 2.7 million people and 232,000 companies, including Spanish citizens on the list amounted to 2,054,000 persons while the number of immigrants reached 691,000 in arrears by a total of 2,745,000 people.

Debt in arrears to financial institutions and other companies by individuals and companies in the list of defaulters has reached 36,148 million euros in April, which means an increase of 158% over the year declared the moratorium past.

In the case of Spanish companies that are engaged in arrears, the increase was 33%, being the most affected Murcian in number as they have had an increase of 45% followed by Madrid with the balance of arrears has been declared a increase of 419%.

In the autonomous communities, Castilla-La Mancha is the region most affected by the increasing number of defaulters with an increase of 35% of Spaniards and 112% in the case of immigrants.

It was announced that delinquencies will continue to rise in coming months, managers have developed the list based on the records of loans are not returned from three months following the date of expiry of the period with data from 352 entities, including banks, savings banks and rural financial credit, and companies that manage loans for car dealerships or payment of telephone bills.

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May 1

Definitely not only Spain has become an expert in destroying jobs but it seems that has become the largest specialist in destroying it, the unemployment rate has reached 17.4% and according to some statistics in 2010 to reach a 20%, deteriorating labor market is twice that of the entire European Union. In February, half of all new registered resident in Spain, now the data of March have pushed that proportion to two-thirds of this figure is alarming and even more disastrous than the average in the euro zone is 8.9% and of the EU 8.3%, Spain in a single month has succeeded in increasing their unemployment rate over nine tenths.

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Over the past 12 months are now 4.06 million people across Europe who have lost their jobs, this figure was 1.84 million in Spain.

In this situation Maria Teresa Fernandez de la Vega announced that next Wednesday will hold a Council of Ministers to discuss the extraordinary nature of the employment situation and evaluate the Action Plan and which has not met expectations expected.

Did an unemployment rate of 20%?

Another bad news or rather poor predictions is the study by the Institute of Economic Research (CER), which in early 2010, which Spain will not only have the highest percentage of unemployment across the European Union but by far exceeds the other figures of unemployment, although this prediction is very unstable because it does not consider possible changes in the economy that might arise from the measures the government takes the next few months and be aware of that has passed only 1 / 3 year.

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Sep 10
I imagine that many of you is nothing new that we are living now a little economic crisis. Companies like Lehman Brothers, AIG and other giants of the financial world have fallen dramatically and many of us are not even sleeping at night because we fear for our retirement money is gone. Other people fear that the money they have in their bank accounts is also a problem. Here they left a small FAQ (Frequently Asked Questions) that will hopefully help you understand what’s happening.

How did all this?
The answer is complex but I will try to make it as simple as possible. Many banks, for wanting more profit (greed), mortgage loans to many low-income (and bad credit), knowing that these will be very difficult to pay the mortgage (Sub-Prime Lending). These people entered the contract with special offers that lasted about five years with low interest (Adjustable Rate Mortgage Loans), after five years of interest (and therefore monthly payments) increased as customers could not meet the payments. 1 in every 100 homes are estimated to have been millions of them, are being seized as www.consumeraffairs.com in a report made in February 2008. These loans were secured by the money from finance companies that serve as collateral for payment of loans (Freddie Mac, Fanny Mae which tenial money Lehman Brothers, Bear Stearns who were insured by AIG). This caused a domino effect on the market in which mortgage companies, insurers of the mortgages and people who invested in these companies lose a lot of money. Less money, fewer jobs, the same charges, plus debt, pandemonium! Add to this equation the rise of oil and the fall of the automotive market (less work, less money to spend).

What happens to money in my bank?
The money in a deposit account (Savings, Current, certificates of deposits) are insured by the government to a limited quantity. In the United States says the FDIC up to $ 100,000 per person in Spain ensures you the FGD 20,000 Euros per account, per bank. This does not mean that if you lose more, but what will happen is that they sold the bank was broken and divided the rest among those owed money.

And what happens as my investments?
Your investments are other five, they are not insured. Usually people who have investments in the stock market (for retirement or planning for long-term) is invested in an investment fund that is diversified but are seriously affected by the market. If you have money in the bag and is an investment fund (mutual fund) is recommended as it still and do not let you make your money, even when you’re losing. The stock market will always have its ups and downs, but eventually always recovers. Many people recommended it to invest more now that the stock market is almost on the floor as this will help you buy more shares with your money when the stock market back to normal you’ll have a lot of money. Consult your broker or do your research needed before making a decision (the internet is a great tool.)

I am losing a lot of money. What do I do?
If you are about to retire (or reaching your goal to get your money in the bag), you should move most of your investments into bonds meantime. If you plan to use this money for many years here, do not worry, keep your investment strategy and constant at the end of the day you win money, no longer see your investment fund is performing so often.

And the worst has happened, right?
The answer is NO. Will spend a lot of things before we go to see the economic market rising again. Speculators predict that many companies will have to create a merger to handle the losses (eg JP Morgan and Bear Stearns). Many jobs will be lost which will cause less buying and selling. Also the price of houses will be reduced in order to be sold, many people will be losing money for the market to stabilize.

What do you think? Leave a comment.

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