Some figures

Just complaining about the economic situation and the Gov is really easy. Ranting against the policy-makers seems as useful as writing this crappy blog.

Those who don’t deserve at all the economic consequences of all these actions are the ones who are suffering the most unfair social problems: the baker  who chained his life to a mortgage for a 10 square meter during 45 years paying 1000€ every month, that police officer that lost purchase power due to cuts on government staff (e.g a 2000€ wage two years ago, nowadays is around 1650€), the shareholder of a reputable bank who sees how his savings decrease overnight 80%, the immigrant  who cannot go to the doctor… and even so, the people who must pay attention on this in a future, these persons will be just figures.

  It is very extended talking about The Business Cycle. When one studies a crisis it is paid attention on empty figures as if those numbers were not people… “On The Great Depression there were people who committed suicide” and you are not thinking on your father killing himself because he can’t pay his loans. You are thinking on the business man on a suit, hat and briefcase jumping from the highest skyscraper in NY. But the population actually suffers a lot and these problems may not stay just as numbers.

Aside emotionalisms, personally (and I’m not exactly who feels ready to comment it) I think Government actions CAN convince us that the right (but not desirable) path has been taken. Let explain my grounds:

 There is only dark in Spain, but our current economic system (worldwide I mean) is made to work when the main actors (let capital markets, bankers, multinational companies, Bundesbank, Jewish Lobby or my aunt, who’s looking after child in the evenings at 6€/h) want it to work.

Spains is (let’s assume it) rescued, the country risky premium is decreasing, trade balance deficit is also improving at emerging country rates (lowering 45% in 2012)…

Do not say now the consumption is falling (2% last trimester), unemployment rate is near to 26%... WE WANT TO BE POSSITIVE!! Important macro data such as foreign direct investment (net 30.000.000€ in September) and the above commented, they sound kind of happy for us and let everyone realize that maybe that’s working,  in spite of the system is created to yield benefits to a few and, however hard may it be, the system could be starting to work.

(It’s too complicate to accept for someone who’s faced the government policies)