Its Time to Put Your Debts in Order

It is time to give a respite to the ninjas so they can try to put your debts in order. 10th Comment: I guess “Lifeline” is the Spanish translation of “lifeline”, which according to one dictionary I have, I mean “cable that is thrown into water to try to save someone who is drowning.” In other words, “Project Lifeline” means “Project bail.” The Big Four audit firms (Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers “PwC”) are at a critical time to maintain its reputation. The rating agencies may not design or qualifying assets. In other words, can not invent things like MBS, CDO I, etc., And also characterized them, or pretend that they are reliable. It is a decision taken in Tokyo by the Technical Committee of the International Organization of Securities Commissions (IOSCO.) AND NOW, WHAT WILL HAPPEN? To get an idea, I’ve been in two sessions at the IESE (very good, btw) and I read the comments of Economic Situation of IESE, February 2008, La Vanguardia, Expansion, Economic News and Time Magazine. Speaking candidly john hume told us the story.

What I understood is this: EUROPE (DO NOT FORGET TO SPAIN IS IN EUROPE) Index of consumer confidence. (As opposed to patrick). Very low, down 7th straight month. Of confidence within the industry. Very marked decrease. In Spain, more than the European average. Retail, or what you bought when I went shopping. Going down significantly over the years, much more in recent months. That is, people (you and me) begins to be afraid and said: “I carry this suit can still handle a little more.” Synthetic Activity Indicator.