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The prophets of the doom

Imatge
In 1997 after two years of negotiations some countries signed the climate protocol in the third climate summit in Kyoto. Twenty-two summits after the ridiculous advances fade away like the fog. In the time of climate disasters denial is strong as never and carbon industry grows desperately. The title is the name give for Donald Trump to the climate activist. Despite we are far to the doom, really doom is getting closer to us every day. However economy is turn its eyes and insists to give the same advices about how we are to tackle the future. Economy is kidnapped by the money and these at the same time by the oil. The prophets can be annoying when say that you wouldn’t listen, especially if you know that they are right . The storm is here Why economy doesn’t want to listen to the prophets? This is the real question of the climate mess. If a new virus takes prominence, world make all the necessary measures to front the illness; in the other way endemic illness is hi...

Risk premium, something more

Not everyone to squander one's money these days of debauchery. There is a growing tendency by economists and politicians to scold and blame current people for all the evils existing, and thus justify a number of unfair measures against the population. We talk about how they mistreat the citizens standing with the excuse that the "blame" is of their, and while no one touches the rich and their servants, politicians and economists. This necessary collaborators both in action as  omission, neither warned nor acted when it was time, the few things they did just helped ruin the situation more and continue they are doing. Now we find that the punishment falls both as right as guilty. Even more dramatic is the injustice of all, those who have saved and have not followed the mainstream and the general festival, now are suffering like the others. It's like the fable of the ant after working all summer, in winter it was expropriated the nest and left in the street next to the ...

The lie of Risk Premium

Each issue of sovereign debt, state decides interest that it will be issued, it will put on sale and them the fraction that will not be covered, will be sold in an auction. The auction set how much interest will be returned the part sold at auction, the rate of overinterest of sovereign debt in relation to lower of all sovereign debt is the risk premium. His name is because it is considered that this overinterest is the profit needed to cover the increased risk of non-payment at term respect that has the lowest interest that is considered of minimal risk. This is not new, in the seventeenth century soldiers recruited by the kings of Spain were better paid than those recruited by the French king. The reason was that most soldiers were recruited in the border territories, of course volatility borders in the period that potential soldiers did no matter to be recruited as an army with one another, in the seventeenth century the army Hispanics never won a battle, it gave very little surviv...