North Face Embroidered Jacket

are NOT stupid American

This video is hilarious.
On the other hand, however, does reflect on the issue of culture in the U.S., and consequently in the rest of the developed countries.
I'd like to know if in Italy there is a problem of general culture (and "elementary") similar to the U.S., or if we are "made better".

Maybe someone does not come up with the idea of \u200b\u200btaking a digital camera, take to the streets for an afternoon and do some simple question.

it does, I wonder ... =) PS if the video

there like there is British are NOT stupid , here it is:

Street and Finance. Growth of respect for all receipts relating to VAT: +49.1%, while the total increase in indirect taxes is 48.2%. The proceeds from the role of direct taxes, is instead in the period grew by 41.9% compared to the first ten months of 2006.

Source

What do you think?

will be studied area, the Italian economy is growing or becoming more honest?

; O)

Picures Inguil Hernia Lady

Revenue: +44.5% Gross Folders In 10 Months, +49.1% VAT


Look at this table:
Source: PR FRIMA



am noting that Italy is the fourth from last place as the number of fixed-rate mortgages in Europe. Together we have Greece, Spain and Portugal. First thought: are all countries of Southern Europe. There may be some correlation in this data?

Reflecting on the type of interest rate in loans granted, I wonder why Italy (I only speak of this today) has such a strong pronouncement to the variable rate.

To answer this question I think is fair to ask what is the

bank's role in the social system
.
E 'undeniable that it plays a role of paramount importance. Consider, for example, when buying a first house, the bank is a crucial step that is always the path to be able to buy their own homes. hardly no one turns to the bank when you do a transaction.
The social meaning can be expressed in the bank to advise and accompany and help the client in its decisions of life, both as regards the administration of its assets, both as regards the granting of loans to buy goods . For this social role of such great importance, the system degrades when scandals such as Parmalat, Cirio (quoting cases Italian) and the problem of subprime emphasize the presence of distortions in the system. As for the loans it is natural to ask why during the years when rates were at historic lows (

2%) were given adjustable rate mortgages. From personal experience, I know that in some places the vast majority of loans in 2005-2006 was at variable rates, and these were recommended a.

With a fixed rate so low it would be more prudent to recommend fixed rate mortgages, a little more expensive perhaps, but with the security of having a fixed rate regardless of the future conditions market. Some counter-battery
:
"But the banks do adjustable rate mortgages with CAP";
well, what is the CAP?



CAP = Capped Rate



is a product sold in the case of variable rate mortgage with which it defines a maximum rate beyond which the customer does not pay interest to the bank. For the customer a way to protect themselves in case of raising rates, for example, established a maximum rate of 7% if rates were to rise above this threshold, the customer will recognize the bank interest up to the agreed maximum (note the 7 %).

Source

Problem: the threshold of the CAP. If it is too high, this will not help protect customers from rising interest rates (as at the level of 2% could be expected by financial analysts quite inexperienced). If too low, it becomes counterproductive (rightly) for the bank.

The image of the banking system is no getting around it, is debased, dangerous and in bad light. Who can say that I have full confidence in the banking system? In the Italian system is much more important than the relationship established with the people who are inside the branch that confidence in the brand and banking institution.
some time you are trying to "curb" this phenomenon, which is considered harmful for the company, employees fancedo turn at speeds that leave customers bewildered. This is a desired thing: If the employee goes to another bank (and it happens more frequently than you might think) it carries with it the loyal customer and all of its assets. Which is a problem if the customer has a few thousand euro, but it is well worse if we add a few zero.
I think the 'ABI should deal more transparency, honesty and integrity of the work of its members, encouraging healthy competition and severely punishing the banks that violate these guidelines . pruned branches should be dried immediately (or at least, without flourish).

Tiziano





Technorati Tags: Bank

,

Mortgages, Subprime ,

Rate, Interest

, CAP

How High Should The Clothes Rod Be

Mortgages: How's the old world?

I am preparing a post with a reflection on the Italian situation with regard to the loans.

I find

Blog FRIMA of Parma ( graduates in Finance and Risk Management ) some interesting slides of a lecture which covers mainly the financial topic of subprime mortgages that touched on this subject. waiting for the post ... What do you think? Do you have contacts who have problems with adjustable rate mortgages? What is your opinion? There are families who do not fare well at all at this time, often because of the monthly mortgage, the argument is delicate. Especially ... What do you think the My "

travel companion
" Henry?
=)

Infant Sick Spots On Tongue

Loans in Italy: "fault" of banks and lack of financial literacy among clients?

Good evening to all our loyal readers!

I'll be back after a long absence to launch a couple of considerations born as a result of recent marketing studies as well as in the case Alixir by Titian.
start giving a touch of background: it is not new, and we have said in previous posts, that the Italian economy did not surf in gold. Yet, there is a proliferation of products called " premium price", ie the price above the market average: Alixir is the most obvious example, but just to keep agro, I can think Parmareggio , the aged thirty months the advertising bombards us recently (with a mouse which also speaks a dialect unworthy and absolutely not be identified with one or Parmesan cheese), or even certain kinds of sauces, and so on.

Now, how to explain this apparent contradiction?

The reason lies in the so-called

polarization of income: in other words, the national wealth is increasingly concentrated in a relatively small proportion of the population, namely the quintile (20%, ok, you can insult me: P) more affluent.
This means that, first, high quality products and high prices have in fact a market (this is called double-digit growth rates) and, second, or second productions affordable price should be snapped up. All complemented by a decline in products sensitive enough, let's say, average.
Apparently the slogan "
segmentation" is bearing fruit, and today as today is a product of mass and indiscriminate was certainly more difficult than in the past. The above may serve as a springboard for a final comment, which closes the circle and at the same time it explains why the income is polarizing? The reasons are, as usual, many, but due to an evolution of skiing: skills and capacity of the Italian work force today are not as adapted to new production paradigms , as they were only twenty or thirty ' years ago. If the factories of the world are no longer in the West, an economy based primarily on the transformation it difficult to adapt and develop new skills. For their part, that slice of society that are able to carry out work valued and rewarded (the professionals, just to throw a stone into the pond. Yes, the typical drivers of SUVs, assuming that the verb "lead" is most appropriate way to "steer") have piles of pennies.

And the premium price they sell like hotcakes. In fact, lately, maybe more.

Hello beautiful! Henry