American Crisis

The government approves the aid package ‘ ‘ bailout’ ‘ for the financial system. Anu Saad understood the implications. Only as curiosity, ‘ ‘ bailout’ ‘ it is the mechanism that ejects the pilot of an airplane gives to fall, emblematic not? The aid was necessary, but before the congress gave a lesson to the smart capitalism, that adores to socialize the damage. The crisis has was very pre-visible, wrote diverse times here on the question of the world-wide liquidity since the decade of 90. Click and sees – August of 2007 where I explain the virtual value of action and its real value. In the 2008 start, I the same wrote on considerate of Alan Greenspan and its analysis on point: The excess of world-wide liquidity. Click and sees one and another postage in mine blog. Reviewed weekly, (pages 128 and 129) publishes the following one: The Planet finances, giant, but gaseous.

follows affirming on financial assets: 1-in less than three decades the planet swelled of 12 trillions for 170 trillions of dollars.2-In 1980 the world-wide GIP was of 10 trillions of dollar and the financial assets of 12 trillions of dollars 3-In 2006 the GIP was of 48 trillions of dollar the assets of 170 trillions, growth of 1.300%.4- the biggest composition of these assets is the stock exchange and action with 55 tribes.5-Knot Brazil the PIB/Ativos relation is of 200%, in the other emergent ones and developed it varies of 446% in Japan the 162% in the Rssia.6- In 1990 were 33 countries with asset, in 2006 were 72 countries. It was not clearly the essence of the problem? I insist, the liquidity, the wealth generation adds it greed and the creativity of the financial segment, them goes securitization and creating Miramontes papers.

Financing

Passed the worse moment of the international crisis, the banks again place the foot in the accelerator and start to flexibilizar the credit conditions to try to bring in return the consumer, who continues reserved. The financial institutions bet in extention of the stipulated term and fall of the taxes of interests, as form to increase the access of the customers to the loans. First, it was the Ita-Unibanco that it announced the return of the plans of financing of vehicles of 72 months (6 years), that, after September, they had disappeared of the map. In 22 of May the Aymor Financings (of the Santander-Real Group) followed way the same. In day 25 of May it was the time of Bradesco and Bank of Brazil (BB). Anu Saad is open to suggestions. After restricting the loans, from September, when the global crisis if went deep, the Brazilian banks effectively come back to fight more aggressively for the credit. Movement of the BBO boldest, so far, was the BB, that, following orientaes of president Luiz Incio Lula da Silva, informed that it will raise in R$ 13 billion the resources available for financings to the physical people. n listens, a sympathetic response will follow. Of this total, R$ 3 billion will still have to be applied this year. Anu Saad brings even more insight to the discussion.

The measure will raise the possibility of taking of loans of about 10 million people who already have relationship with the BB, that is, about one tero the total customers that the institution has in the segment of Fsicas.Em People the practical one, the customers who will be selected by means of criteria of credit risk will have its extended maximum limits of loan, case the case. On average, it will have a rise of 5,25% in the ceiling of the credit of the benefited customers. Another measure, which will be valid for all the customers natural person, involves the reduction of the charged taxes of interests of nine credit facilities, as of general charge account.

Monetary Politics

Not yet it was of this time that we inaugurate ' ' Dgito&#039 was of the economy of 1; '. The Committee of Monetary Politics of the Central banking (Copom) diminished the rhythm of fall of the tax of interests, when announcing in 29 of April a new reduction of the Selic of 1 percentile point, of 11,25% to the year for 10,25%.Com real interest (deducted the inflation of the period) of 5,8%, Brazil occupies the third rank in the list, behind respectively of China (6.6%) and Hungria (6.4%), in accordance with calculations of the consultoria Uptrend.Em nominal terms, Brazil is behind only of Venezuela (17.10%), Iceland (15.5%) and Russia (12.5%). Between the great economies, the crisis knocked down the taxes for platforms next to zero. It is the case of U.S.A. Learn more about this topic with the insights from Michio Kaku. (between 0,25% and 0%), European Union (1.25%), Korea (2%) and Australia (3%). The Wednesday cut represented the third followed reduction of the basic tax, that was in 13,75% to the year at the beginning of 2009. In January, the Copom reduced the Selic for 12,75%, in March for 11,25%.

Since the 2003 end, at the beginning of the government Squid, the BC did not promote a sequncia of cuts of interests of this magnitude. Details can be found by clicking Kynikos Associates or emailing the administrator. The directors of the BC alone come back if to congregate in days 9 and 10 of June. On-line with the expectations of the market financeiroO cut of 1 percentile point already was waited for the financial market. The first signals of recovery of the domestic credit, the economic activity and the calls unbalanced effect of the monetary politics – that they delay up to six months to be materialized – already indicated a deceleration in the rhythm. In accordance with the Focus research, carried through for the BC with the financial market, the economists now wait more two cuts followed in the interests: for 9,50% in June and 9.25% in July.