Financial Safety Advice

The Labor Contract Law of China help the country cope with the current global financial crisis, as employment has become a key factor to “survive the turbulence in the long term,” said Li Zhaoxing in Beijing on Wednesday, spokesman of the annual session of National People’s Congress (NPC), the top legislature.

“The difficulties that have to deal with Chinese companies now have their origin mainly in the global economic slowdown,” said Li at a press conference in response to a question about whether the Labor Contract Law may be related to corporate difficulties.

The spokesman clarified that the law requires companies to offer permanent contracts to employees who take 10 years or more working in the firm and those who have completed two contracts defined in order to protect them from unfair dismissal. Read the rest of this entry →

Although it may seem that happened long ago, no more than a few months ago that the so-called hypothesis of “separation” dominated the economic information in the world media. The leading theory said that emerging markets grew independently of the United States and therefore were immune to a slowdown of U.S. origin. However, the second half of 2008 did not favor such an approach. Moreover, the conventional wisdom that countries prosper and fall together in today’s interconnected world has become to be felt, and grows.

Immediately after the fall of Lehman Brothers and AIG intervention in countries like South Korea, Mexico and Brazil, and even the normally well-governed city-state of Singapore, saw their banking systems with international contacts were made pieces. The U.S. Federal Reserve was forced to open lines of credit default swaps worth U.S. $ 30,000 million (about 23,200 million euros) for the central banks of those states. South Korea had even put together a megapaquete worth 130,000 million in October 2008 to come to the rescue of its banks.

However, there was an emerging economy that managed to buck this trend. More than four months after the fall of Lehman, Indian banks remain financially strong. They did not need bailouts and recapitalizations. It is expected that the economy will grow at a rate of 7% this year. Although this represents a significant decrease of 2% compared with the average of the past five years, is by no means the disaster that would be predicted to judge by the gloomy news and forecasts for the U.S. economy. How has India managed to succeed against all odds? Read the rest of this entry →

Buy a house, change cars or study a master are three very common cases for which you need to borrow. Depending on the purpose, will have to decide between a mortgage and a consumer. The main differences will focus on the term and interest rate.

Borrowing money in times of financial crisis is more than complicated. But take heart, with patience and a solid economic situation can be achieved. But remember to escape the financial, as they charge very high interest rates.

If we want to get a mortgage to buy a home or switch to a larger one you have two options: sign a new loan or abrogation.

If we opt for a new loan must be aware that the financial crisis are over 100% mortgages, so the bank or just want us to fund 80%. That is, if the house costs 200,000 can only borrow money for 160,000 euro and pricing to match the purchase price. Read the rest of this entry →

With the close of 2009, the first findings to make sure will relate to one year preceded by a financial crisis of extraordinary dimensions, which originated in the United States and affected the entire world. Until then, the middle of 2008 – the world were meeting their business functions without major problems, but from a financial bubble, everything changed.

So well worth keeping in mind the following tips into the possible scenarios for the near future. Today, global trade transactions attempt to retake the path of sustained growth, although the major economies of the Americas, Europe and Asia are totally irregular and in search of sustained control.

That is why in the last days of the year and in early 2010 will be highly recommended to stay excited about your money. For example, the impending crisis in the region of Dubai, the richest in the planet-could destabilize many regions of the planet, thus leading economists recommend to stay alert, keeps the money and capital, and as the international context shows signs standards, analyze the possibility of seeking investment options.

The caution amid financial uncertainty and expectation is a good ally.

Gradually the international financial crisis is being on the road, because the United States and some European and Asian powers have begun to show positive indicators that venture a possible financial recovery by the end of this year and early next. It is clear that the global crisis will persist for several months but do not discard a positive outlet.

Given this possible scenario, and although the Spanish economy is experiencing a good situation, we will recall the main investment options for the next few days, but always depend on whether we have any previous savings or get money for it.

On the property side, the buildings at present are maintained in unstable, since the outbreak of the financial crisis have suffered price cuts and now begin to try to recover value.If we have sufficient capital to buy a property and sell to more value in the future could be an option.

In the property sector, one option is the public debt. On this segment, will try with treasury bills and bonds, for the benefit of this investment is that earnings are paid in advance. On the banking side, deposits are a good option for those who do not want to suffer too many risks, quite the contrary with the Stock Exchange, although not impossible, to demand some knowledge and time to a good decision that will translate into money.

None of these revenue-generating secure. The key, as we always say, is diversification.