Argentina aparentemente la ha fastidiado. Se metió en un buen lío con haber fijado su paridad de su divisa con el dólar tantos años. Acabó en un corralito como podemos acabar nosotros… Pero mira lo que dice Krugman de la diferencia con Brasil. A veces pensamos que una solución es muy mala, cuando puede ser muy buena… Quizás deberíamos quitarnos esos prejuicios que tenemos…
Down Argentina Way
Matt Yglesias, who just spent time in Argentina, writes about the lessons of that country's recovery following its exit from the one-peso-one-dollar "convertibility law". As he says, it's a remarkable success story, one that arguably holds lessons for the euro zone.
I'd just add something else: press coverage of Argentina is another one of those examples of how conventional wisdom can apparently make it impossible to get basic facts right. We keep getting stories about Ireland's recovery when there is, in fact, no recovery — but there should be, darn it, because they've done the "right" thing, so that's what we'll report.
And conversely, articles about Argentina are almost always very negative in tone — they're irresponsible, they're renationalizing some industries, they talk populist, so they must be going very badly. Never mind this:
Just to be clear, I think Brazil is going pretty well, and has had good leadership. But why exactly is Brazil an impressive "BRIC" while Argentina is always disparaged? Actually, we know why — but it doesn't speak well for the state of economics reporting.
You never know… Un abrazo,
PD1: Llevábamos muchos años yendo al alimón. Daba igual invertir en el IBEX, que en el DOW JONES que en el GDAXI alemán… Pero en los últimos meses la situación de la economía nos ha puesto a cada uno en nuestro sitio… Y el nuestro es irnos abajo, mucho más abajo.
Desde el principio de 2010 las cosas dejaron de funcionar como antes. Ahora España ya no va como las dos potencias fuertes, sino que vamos como la periferia, ¿vamos como Grecia? Llegaremos a alcanzar la ruina griega actual. No sé, pero tiene pinta.
PD2: Marinaleda: No dejes de poner este video de este pueblo revolucionario… Te vas a sorprender de estas cosas que están pasando en nuestra tierra y que debemos enterarnos desde fuera…
La realidad del Pueblo de Marinaleda en la TV ALEMANA: Sorprendente video sobre una realidad desconocida y ocultada por los medios de comunicación. MARINALEDA NO TIENE PARO, PAGAN 15 € DE ALQUILER POR LA CASA, DECIDEN EN ASAMBLEA LAS INVERSIONES Y LAS PRIORIDADES... ADEMÁS EN DESPACHO DEL ALCALDE ESTÁ PRESIDIDO POR UN RETRATO DEL CHE GUEVARA, EN LUGAR DEL REY. Hay que verlo en la televisión alemana, porque aquí no te lo van a poner nunca.
Y luego se ríen del este alcalde comunista revolucionario… No sé si deberían preocuparse…: http://www.youtube.com/watch?v=MgMcGABlhkY&sns=em
PD3: Desempleo juvenil español:
About Spain Youth Unemployment
Youth unemployment rates are generally much higher than unemployment rates for all ages. High youth unemployment rates do reflect the difficulties faced by young people in finding jobs. However, this does not necessarily mean that the group of unemployed persons aged between 15 and 24 is large because many young people are studying full-time and are therefore neither working nor looking for a job (so they are not part of the labour force which is used as the denominator for calculating the unemployment rate). For this reason, youth unemployment ratios use a slightly different concept: the unemployment ratio calculates the share of unemployed for the whole population. Table 1 shows that youth unemployment ratios in the EU are much lower than youth unemployment rates; they have however also risen since 2008 due to the effects of the recent crisis on the labour market. Source: Eurostat
PD4: Los bancos mejores del mundo:
"When the crisis erupted, we realized we had stuck to a fairly basic rule, which was that the bulk of Tier 1 capital had to be in equity. That turned out to be very, very important."
-Jamie Dickson, Superintendent, OSFI (Canada's bank regulator)
Bloomberg Markets has a list of the world's strongest banks — they are dominated by Canada and Singapore firms.
Why Canada? Regulators there set strict criteria on the quality of banks' assets and reserves. Canadian banks don't use a lot of leverage, and are required to hold 75% of their capital in equity.
Here is the top 10 list:
1. Oversea-Chinese Banking Corp OCBC (Singapore)
2. BOC Hong Kong Holdings Ltd. (Hong Kong)
3. Canadian Imperial Bank of Commerce CIBC (Canada)
4. Toronto-Dominion Bank TD (Canada)
5. National Bank of Canada (Canada)
6. Royal Bank of Canada (Canada)
7. United Overseas Bank Ltd. (Singapore)
8. DBS Group Holdings Ltd. (Singapore)
9. Hang Seng Bank
10. Svenska Handelsbanken (Sweden)
Other Canadian banks made the list, such as Bank of Nova Scotia ranked 18th, and Bank of Montreal was 22nd.
Only three U.S. banks — JPMorgan Chase (JPM) (No. 13), PNC Financial Services Group Inc. (PNC) (No. 17) and BB&T Corp. (BBT) (No. 20) made the top 20.
>Source: Canadians Dominate World's 10 Strongest Banks
PD5: Me ha dicho mi director espiritual que tengo que hacer un extra y acordarme de la Virgen y hacer que mis amigos se acuerden en este mes de María. Que les anime a rezar un "Dios Te Salve María", o una Salve, o un Rosario, o que hagan una Romería… Pues eso, haz lo más fácil, lo que sepas. La cantidad de veces que habremos cantado en mayo en el colegio "Con flores a María…", algo se nos habrá quedado.
