THE WORLD MARKETS TO SEE NOW THAT THE CRISIS HAS BEEN PAID, BUT IT HAS NOT BEEN OVERCOME

All the bags of the world are falling boisterously this last month of the year when the most normal thing is that in these times rising rallies even caused artificially to square results of funds of investment bills of saving funds of pensions etc. The fact take place that like it is happening in the IBEX this last week it suffered the worst weekly fall in the year it denotes that something is about to happen. 

From the purely economic point of view it is clear that everybody is afraid before the effects that it will suppose the change of tendency of the costs of the money that is to say the end of the frozen interests, it is already official of the USA they will go up the interests it is murmured in a 0,25 points this month end and with he began a cycle change that nobody tastes like certain science where it took to the world economies that we don't deceive ourselves they have gotten used to the cheap money and for consequence to a debt easy to sustain. 

This has taken I get that the economies have relaxed themselves in spite of the epic crisis that we are living this effect it is still a danger of incalculable effects because the crisis has not been overcome he has simply spent that it is not the same thing, I explain to myself the good news has been that the economies you has overcome with measures of increase of production of productivity fomenting the consumption reducing their debts adjusting costs and deficits with the help of productive actions but it has not been this way, the economies in difficulties that have been almost all have passed the crisis taking refuge in the low costs of the debt they have not changed this way enough their productive structures their banks their costs of administration alone etc. they have clipped the work, the salaries, they have not created infrastructures, and that if all have increased their alone debts there is that he looked at Spain that there is her more than copy.  

Now the costs of the debts began to ascend and or betrayal if we had problems when we had a debt of 400,000 million Eurus in 2008 that it passed now that we have the debt in 1 trillion Eurus and without having increased the GDP that is to say they have gotten in debt to pay the crisis, but it doesn't stop to solve the crisis the concepts they are very different or at least to me he looks like each other it  

Now this economic situation unites the doubts political that if we look well at all they have possibly been revolved by blame of the same crisis we have this way the jumbled Arab world Russia suffering a brutal recession the China that has been stabilized, Europe that doesn't work, Hispanic America that is changing its government regimens and that the emergent countries have stopped to float and they become to collapse. For lack of one week for the general elections, here in Spain the risk and the load of uncertainties that all electoral appointment bears are diluted still in the market by an international bear context more preoccupant. The balance of the last nine sessions in negative that they have experienced the bags of the Old Continent confirms it: while the EuroStoxx has descended 8,65 percent, in the Ibex they decrease the cuttings until 7,28 percent. 

The IBEX and part of Europe is awaiting what will happen the next one December 20, but, mainly, it will quote it on Monday 21 in how. The pacts are not discarded, the coalitions are a possibility and a tripartite government could arrive to the Moncloa. The elections of the 20-D will reflect the new political panorama that began to be cultivated after the Europeans of May of 2014 and that you confirmed later one year in the autonomous ones. The bipartisanship is no longer the only option of the Spaniards. We can and Citizens are also presented as candidates to the Moncloa, although the market discards Pablo Churches in the power the society he has not still said its last word.