Business and Law Advocates

As a comment on one occasion one of the founders of Bretton Woods, Harry Dexter White, currency wars are the most destructive form of economic warfare. The economic war ultimately lead to armed warfare.

The world is approaching its first “global biennium lost”, resulting in growth and development is devastating, and political term is ending.

Whatever the outcome of the measures actually promises so far from the peaks of G-20 or any other “G”, at this point seems unlikely in the short run such measures may moderate the impact of the crisis on the economy real.

It also seems unlikely that enough of a political declaration to stem a crisis that no one even knows how it progresses.

If we note that mortgage-backed securities are just one segment of asset-backed securities (which include, among others, securities backed by personal loans, consumer loans, accounts receivable, credit cards, loans to purchase vehicles), all of which are based on the last step in the demand and consumption, we’ll just sit around waiting for the next wave of crisis, when people stop paying the fees of their cars, or cards credit, limit your spending, do not take credit of any kind, or just save instead of buying.

If we further consider that the pension funds, investment funds, private or sovereign, and multilateral financial agencies themselves, are part of its investment in these asset-backed securities, and that large corporations have secured their loans to these assets and other structured finance instruments, no one is certain about the “toxicity” of these assets, we conclude that the real magnitude of the crisis is unknown.

The crisis is two years of their arrival on scene, and since then made worse. Read the rest of this entry »

The concern, uncertainty and confusion is already installed in all areas related to financial and economic world. The strong cohesion between global markets means that a crisis in any part of the planet to have immediate influence the economy of any country, first by the financial side and then part of the real economy of all individuals within it.

This article seeks to interpret the origin and effect of this financial crisis, which should be vigilant, since everything is indicating that we are only the tip of an iceberg and probably we find a larger crisis in history. Some people compare it to the depression of 29 ‘and others going further.

Much has been said of China and India entering the global market, as large holders of the progress of the global economy. Structural changes in world trade mutated, causing the relative prices of goods related to technology access and descend by the impact of production mainly China, which led to a great mass of consumers enter the market annually to conform increasingly larger. Read the rest of this entry »

Russian President Dmitry Medvedev , blamed the United States directly to the financial crisis shaking the global economy, which could be the “most serious” since the Great Depression of 1929. “Indeed, the disparity between the formal role of U.S. in the global economic system and its actual capacity is one of the key factors behind the current crisis,” Medvedev said during his speech at the St. Petersburg Economic Forum.

According to Medvedev, the lack of “risk prevention” on the part of the largest U.S. financial companies, coupled with the “aggressive financial policies” of the world’s largest economy, “wreaked havoc” across the world in 2007. Unfortunately, he added, “most of the world’s population became poorer and that is not only evident among third world countries but also in more developed economies.”

“It’s an illusion to think that a single country, even the most powerful, can assume the role of global governance, while international institutions charged with responding to the financial, only have influence on the strategy of market participants” he said. Read the rest of this entry »

The global economic crisis that started in real estate in the United States, and subsequently created a domino effect, managed to bring down companies, markets, and had it placed in adverse circumstances States’ economies. But has not spoken with the same magnitude, social and political havoc that has caused this economic phenomenon.

The global economic downturn has led to a new economic practices, based not only on the zero tax payments, but employees who are out of public benefits. those who work doing enough to ensure their basic needs, people living outside the law, located within the so-called economy of survival.

Internal migration without solid opportunities
Economies experiencing crisis, you think of the social phenomenon of internal migration, that is demographically smaller companies that are engaged in primary economic activity and decide to migrate to the opportunities that usually never comes. Once in the cities are employees who do not enjoy social guarantees to work with its development. Read the rest of this entry »

We believe that once again the facts are very seriously affecting the global economy do not support the views of economists and analysts worldwide, and as it? that of the rulers who advocate and practice since the events that are happening are showing that they are such leaders in each nation who are forced to adopt economic measures that somehow convincing the curb. Therefore, those rulers who claim to be progressive in the economic field are contradicting to intervene oriented policy, as stated above, to mitigate and slow given the social ravages that are taking place and worldwide.

Well, this economic crisis, including more liberal governments such as U.S. or England and even Japan, are intervening directly, as we have said and making their respective Central Banks give guidance and mandatory standards and measures exceptional tax in order to diminish the extent possible the consequences it is generated and are clearly adverse to the business and unemployment and we have the case of Spain where the numbers of people who have lost their jobs. It aims to prevent short-term economic recession do even more damage in these economies and to degenerate into a real economic depression.

Already discussed in previous article in these economic concepts and summarize for the convenience of the reader that economic downturn is the decline and fall of the GDP of a nation or region (in this case we are referring to nations affected) and the economic depression is the decline or decrease production level of a nation with the attendant consequences that this entails (surplus labor and therefore mass layoffs and business failures (we referred to as banks go bankrupt could never imagine that they have done) in a final talk and ECONOMIC CRASH authentic or put another way, the economic collapse of the nation.. Read the rest of this entry »

According to the different elements of the negotiations we can distinguish two types of negotiation: competitive and cooperative negotiation.

The cooperative negotiation is one in which the negotiators expressed desire to reach an agreement mutually beneficial and high cooperation. The main maximum respect for mutual benefit.

A cooperative negotiation takes place when the relationship between the negotiators has been extended in time. Examples of cooperative negotiations take place between suppliers and customers where the relationship over time is more important than short-term gain.

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Buy spot
The first tips is to always buy in cash, never credit a few exceptions such as when you want to buy our house or invest.

Buy credit not only enormously expensive product to permeate our personal finances, but ultimately can bring big financial problems are unable to repay debts.

We must acquire the habit of buying after getting the money, not buy and then get it, if we can not buy something simply should not buy it.

Read the rest of this entry »

Looking for savings? … Well give guidelines for choosing financial products to help you extend your ability to save.

Payroll accounts
* Choose those entities paid on deposit balances
* Contemplate the online recruitment
* Be free of fees and commissions
* Contemplate the credit and debit cards free of charge indefinitely and, in the case of credit cards that allow interest-free deferred payment as many months. Additionally, opt for entities exempt from fees that leave cash withdrawals at ATMs.

Read the rest of this entry »

The tax increase is already a reality. The select group of people who can devote a percentage of their income to savings, you’ll see your gains are worth less thanks to increases in taxes on capital gain taxed at 20% instead of the current 18%.

Economists say this will increase the state tax rate savings of 1000 million euros. Thus, while the returns are dwindling now also taxes the investment will rent alone.

A measure that is not a real solution to the deficit assumed by the state and which is intended to ensure that consumers become savers again to increase demand and borrowing and thus solve the problems without carrying out measures for production sustainable and a strong labor market.

Read the rest of this entry »

Today I try to give a few tips on high-yielding deposits.

The bloody battle between the union declared the bank whose aim was to attract more funds Through tempting interest rates with high profitability is coming to an end, at least temporarily. Interest rates on deposits more profitable start to fall. In savings or deposit products launched late last year or the beginning of the current notice a slight decrease in average interest rates, many financial experts confirm that this decline will occur even more pronounced. The main reason is the lowering of the interest rate of the ECB.

So my main advice is do not expect much, those of you with any intention of hiring a savings deposit, as it is very likely that interest rates fall further. The current bid has still hardly a 5.75% APR or even a 6% APR in some banks, but it seems that the supply will last.

On the other hand, a very important advice is be very careful when signing or hiring. Ask before contracting anything. And because many times the bank officers themselves are not very familiar with the characteristics of the products they sell or just because they are concerned not to disclose all caracterísitcas the beginning, misunderstandings often occur. So I strongly advise you read it the contract, the fine print, advertising brochures, etc., before hiring.

Setting in which many banks undertake to debit the payroll for example, ordering credit cards (and use) an insurance or household bills, gas etc. It is important to see what conditions imposed on us by the bank in exchange for offering us an attractive return.

My last advice is that if you look online banking services, will have more options to find deposits with very high yield which is exempt from any fee, because if you charge a high commission might not compensated since the promised returns.