Blogspot - ibexsalad.blogspot.com - Ibex Salad
General Information:
Latest News:
The subtleties of credit contraction 18 Jun 2013 | 10:08 pm
To get an idea of what a chore it is to retool an economy that had hitched itself on to a real estate boom, the chart on the left shows the percentage share of the 225 billion euro contraction in outs...
Reader of the year 15 Jun 2013 | 04:02 pm
I'm quite frankly in absolute awe of a reader who identifies himself as 'Sean'. It seems that he not only has had the tenacity to continue reading Ibex Salad since at least 2007 but he has remembered ...
Bubbles everywhere 12 Jun 2013 | 08:50 am
What is a bubble? The current definition appears to be “anything that has gone up a lot in price”. This won’t do. - Pawel Morski For all those who continue to labour under the illusion that life is g...
That home repossession issue 11 May 2013 | 04:54 pm
A big headline political issue in the aftermath of the property bubble has been the matter of home repossessions. Spearheaded by an activist association known as the 'Plataforma Afectados por la Hipot...
Cash is king, get out of cash 30 Mar 2013 | 10:34 pm
The three or four of you who keenly await the monthly update of the 'Credit Conditions' chart in the right sidebar will not only note a change in this edition - we've included another line for the 12-...
The ECJ eviction decision and Spanish banks 18 Mar 2013 | 12:19 am
Catching a few eyes this week was the European Court of Justice decision in favour of a family that had their home repossessed for non-payment of the mortgage. The Spanish banks have not put up much o...
Automotive politics 12 Mar 2013 | 12:57 am
It's fascinating to witness the immense cathartic effect that the PP funding scandal has had on leftward-leaning Spaniards. Now, with the lifting of last year's endless negative news flow relieving th...
The Spanish unemployment mystery (part 2) 10 Mar 2013 | 11:18 pm
Now at the other end of the cycle with respect to our last entry, the chart shows the decline in GDP for every job lost since 2008. Readers will note that we only included years in which GDP has decl...
The Spanish unemployment mystery (part 1) 6 Mar 2013 | 12:30 am
The three most obvious features of the chart of Spanish unemployment rates since 1985 are: a). the 2012 figure that draws so much attention is not really news. It's not even a record., b). the histori...
Spain's international balances on a roll 1 Mar 2013 | 12:07 am
Sorry for the absence... that time of year. December current account balance at an all-time record surplus of 4.9 billion euros. For 2012 in its entirety, the deficit improved to around 0.8% of GDP. ...
