Showing posts with label Morgan Stanley. Show all posts
Showing posts with label Morgan Stanley. Show all posts

Friday, September 26, 2008

Morgan Stanley


It 'incredible, but in the global world will be poorer or lose their jobs for acts far tens of thousands of kilometers: this already happened a hundred years ago, but more slowly. Some ago and the prophet of disaster: imagine loans to the stars and the collapse of the value of the property. E 'improbable hypothesis and perhaps behind these theories are speculative game. The danger that the speculative bubble bursts in real estate is really minimal. In Europe and Italy, at least for this area, at least with regard to the stability of the value of the currency, the cost of borrowing for the value of the apartments, there are major concerns: we will not be forced to pay loans for homes strozzinaggio devalued. So it will be for a long time, but I do not believe that a system that is based on real estate investments, which are the only safe for at least 30 years, can not last forever: for too long we Italians we trust only the money invested in ' purchase of the first, second and even third home. The money spent in brick not disappoint, indeed, often in the last period, have turned ordinary people in rich, but only for assets held formal. Properties located in areas of the honor have become the great victory, the great fortune to people, but this only in theory: we do not sell because no one knows how to invest. So the price of the buildings still remain, or have few changes: the United States is just another reality, is another world, with ups and downs, with Elenore resources, many imbalances, many potential and ability to recover. We are a po 'statistics, a zero growth, decadent, in a recession, but mild enough to make us all a little' poorest, but the homes of hundreds of thousands of euros. We just have to wait for the "tzunami", hoping not to suffer too much damage there will be a rise in bank rates, but not excessive and perhaps not only due to the crisis of American loans. We will have some 'of recession, but above all suffer and hard decisions "necessary" for our own good of course. So we must wait to cuts in public spending, with increases in the costs of services without having major positive changes, for example, do not believe in the strong reduction of fees, at least in the short. When there are major crises many things change: there will be difficulties and loss of jobs in companies already weak, we also indirect consequences, such as new policies, which in the past in similar situations, have encouraged the rise of armed conflicts, growth outbreaks of war and guerrilla warfare.
Arduino Rossi