Tuesday, October 15, 2013

Banco Popular internet: three steps to access your online banking

Bancopopular - e.com is the virtual office or online Spanish Popular Bank , with the advantages of being able to operate as if it were a physical office without the need to travel , and impacting on more profitable products for customers to save costs . this article summarizes in 3 simple steps the procedure to become a client and access their services .


First, the registration request account

Like the other online banks offer a normal current account , called basic account or a bill paid ( salary account ) with a greater interest , if household income of professional activity or performance.
Since web Bancopopular - e.com , you must access the client section to take or directly click on " Basic High " or "High payroll " which redirected to a form to complete with personal data , employment and economic .

Both accounts do not involve any kind of fees being paid the 0.55% basic and payroll tae , tae 2% , with free cards .
Receiving and sending contracts required documentation

Upon completion of the registration process, you must indicate by what means you want to receive the contracts and information attached , with two alternatives :

    By email , which is received after one or two days , including contracts and a number of temporary username and password , by which you have access to see their contracted .

    By mail , within a maximum period of one week, in which contracts are received , the keys and the electronic signature , also provisional .

Once satisfied that everything is correct , must be returned signed by the owner and co-owner , if any, open contracts , with a copy of any of the following documents :

    Identification of each holder
    Payroll , proof of income or income statement
    In case of pensioners , certificate of appreciation for providing
    And for freelancers , paying most recent quarterly VAT , social security receipt or last payment of income tax

Activation of accounts and products

Finally, regarding the required documentation is received , proceed to the activation of the account and the keys , communicating by email , and if you have applied for initial contracts by email, a message is sent to the mobile client, electronic signatures.

When you first access to the web as a client , you must change the keys for security , and by electronic signature , you can access and operate all banking services the organization offers .

Euribor Mortgages : why are characterized ?

The Euribor is the benchmark to which they are linked most mortgages, when talking about the interest it charges a bank for a mortgage , we talk about the price of the index plus a spread that applies the financial institution is normally expressed form EURIBOR + 0.80 ( or the applicable margin ) in this article is because you characterize this type of mortgage can be calculated as the interest paid .


The differential and the Euribor

The front differential as in the introduction is part of the interest charged by the financial institution along with the benchmark which is the Euribor , the latter varies and is listed as the demand for money and the parameters chosen by the European Central Bank , or ECB , the ECB will raise and lower interest rates as the economy of the member countries in the European Economic Union , although sometimes the benefit of a tomb may be for others, to control inflation will climb rates to stimulate the economy and types be lowered .

Normally Spain mortgages are tied to this index variable with semiannual , quarterly and annual mean that the mortgage payment will go up or down as I placed the EURIBOR , always considering fixing floors and ceilings although financial institutions are beginning to declared abusive and these are under continuous review .
Comparing mortgages

When comparing whether a mortgage is cheap or expensive , you have to take into account the differential that applies in the same , in the market you can find spreads ranging from 0.45 % to 2 % , and these last truly higher to hire them.

One of the best ways is to consider annual percentage rates or APR , but you also have to consider hiring some products forced the bank to hire.

Among some aspects to consider addressing this type of mortgage is how much they charge for the repayment of principal or early termination fees , these loans often have the French system in which at the beginning of the mortgage within the quota pay is almost all interest and at the end of it all otherwise everything is almost fee.

Wednesday, September 25, 2013

Could pay for a product of anything other than the official currency ?

Ago and about a month , I noticed a news among all he was reading : French Basque country was beginning to print a currency, called Eusko that it would begin to enter circulation in that region. Then I wondered, and why would they want the citizens of the French Basque country a new currency, as it would not serve either to buy or to sell ? Well, actually this question that I, and many other people , we asked ourselves , is not properly performed. We assumed that we pay our purchases with our currency (euros in Spain , U.S. dollars or yuan in China) , but what if pre-menopausal with something else other than the official currency ? I answer, and advancement is ... the same as if we bought in that currency.

Can we create means of payment other than cash?

Money is the medium of exchange par excellence of any economy , but does not have to be the only one. As any economy evolves, so do her payment methods, including some that we do not consider them as such. Take an everyday situation . You are about to buy bread at the bakery of life but then you realize you're not wearing anything on top . As you know the seller , tell him you 'll pay tomorrow and he obviously accepts . Actually , at that time we paid by issuing a promise that , because of the relationship of trust that exists , has accepted . However, it is quite possible that the same seller does not accept that promise for a person who is the first appearance of the store , especially since unknown whether that person will buy back in that store and so you will pay .

 In the first case , the seller and the buyer have agreed on the payment method used because of the trust relationship that unites them and created a new payment method other than hard cash as we know it ; however, this relationship does not occur in the second case , so that the seller does not allow the buyer to pay that way. This promise to pay equivalent to writing on a sheet of paper:

    Worth fifty cents to pay tomorrow .

We may never pay that loaf of bread and the promise to pay only be recorded in the memory of two ( or, in the book of defaulters from the bakery ) but has served as a means of payment as well as money. In other words , we all have the ability to issue IOUs to our name.

The means of payment , based on trust and guarantees

In short , the power to create change methods is based on the relationship of trust that exists between buyer and seller and the ability we have to pay. Another thing is that the other people or businesses we accept it. Perhaps the same payment method used in other bakery would not be accepted by the seller. But what determines that promises a person will finally be fulfilled ? Basically in one element: the guarantees offered that promise.

If acudiésemos to a store, and promise to pay tomorrow what we buy today , what we are really saying is that we will do everything because that promise is fulfilled . For sellers , not just rely on our good intentions , but also on our ability to pay . For us to be very kind , if not having enough money to pay , nobody is going to trust a sale. Therefore, it is common for payment promises they incorporate a number of specific guarantees to strengthen the credibility of the buyer; thanks to these guarantees, the fulfillment of the commitment does not depend on the good will of the debtor. That is, in some cases , the seller asked the buyer to guarantee payment.

Indeed, the currency has no longer those payment methods that are backed by the Government and serve as official payment method . In this case, money gives us the confidence that we can use it in any other trade differently. That is, the money continues to be a method of payment that all sellers accept as valid and , therefore, all use in our daily life . If not , we would have to seek alternative means of exchange to give us confidence to all . Therefore, although it sounds a platitude , we can always use alternative payment methods to money , as long as the seller will accept us .

Poker fever : a game that moves millions of dollars and increasing every day

If there is a game that is growing exponentially in recent years , both in number of amateur and professional players , that's poker . In fact , such is the popularity of this game has acquired already many people have it as a way of life , participating in every tournament they can and can expect to earn huge amounts of money.

As anyone who is interested in the economy , maybe you read something that is behind the online partypoker , and perhaps good to go deeper into the poker economy .

 Paying the juice
Many poker players trust jugan win the tournaments for a living . However, living it is not easy and everyone has to overcome a series of obstacles. These players have to pay 6% in each event they enter. While fever and sponsored televised tournaments like the World Series , the rate has increased over the years. If poker sponsors gains more popularity and we can see a game with a growing movement of money . However, it seems more likely to continue in the same pattern in which the money is channeled through sponsorship deals for individual players.

Economists who are observing the phenomenon of poker have noticed that regardless of what the players say , the price elasticity of demand is low, ie , those tournaments that have high participation fees , no small share . Poker players are desperate for opportunities to play and are not particularly sensitive to the price thereof.

The variety of payments make it difficult to measure their future professional player money inflows . A professional could go a few years without ranking the three finalists , but ultimately being spent nearly $ 600,000 a year in entry fees and living expenses during that period.

 Indeed, one of the countries where poker is becoming increasingly popular is Spain , especially online poker. While still popular casinos in Las Vegas , online poker is very popular in countries like Spain .

The online poker up two thirds of the Spanish market for cash games. In Spain , it is necessary to pay 25 % tax benefit of the gaming site . The poker websites have seen 1500 players with money on average, 20% higher than when they started. It is also a 40 % increase over its lowest point in June. The overall growth in the economy of poker could be attributed to marketing in Spain , where many celebrities like Rafael Nadal have signed , growing recognition and confidence in this market.

The heavy burden for businesses in Spain : the large industrial price

 The other day , talking to Juan Carlos Barba and Francisco Guillén , we mentioned the case of a company that wanted to settle in Galicia area very close to the border with Portugal, but had finally opted for the Portuguese country due to the high price of Spanish industrial land , about 25 times greater than that of Portugal, where the soil is practically given away, when in fact they had to cross the river Miño.

Industrial land development requires numerous public resources and is essential to sustain the productive fabric of our country. However, in Spain not being managed properly , if we add to its high price high availability we find industrial estates and technology parks to half empty throughout our geography . Abaratarlo Why not ?

In fact , in this context , a businessman who decides to take his investment in Portugal , where the price per square meter of industrial land is offered at 8 euros , compared with the 200 euros of Vigo, would save around 250,000 euros for a plot of 10,000 square meters , money that could well be spent on machinery, industrial capital , reduced margins or hire staff . A laughable ground that guarantees not only the establishment of national companies , if not the expansion of foreign companies to the neighboring country.

The facilities offered by the industrial areas of other countries and the difficulties and lack of appeal that conveys our country to the new investor may explain that suppliers increasingly settle in neighboring countries , where , in addition to numerous plots and polygons area available at a ridiculous price , or even free.

Posted in SME and Freelance
If to this we add <a increasingly expensive access to energy < / a> ( in particular , electricity ) compared to the other countries of the European Union , a labor market still highly regulated and increasing legal uncertainty we find a view that is not easy at all investment and establishment of companies in our country.

Therefore, it would be advisable to facilitate access to industrial land and businesses by the administrative concession to 50 or 100 years at low prices following the Portuguese model . All this to encourage industrial investment , both foreign and Spanish as well somehow compensate the serious problems the company is facing Spanish today.

Japan : between economics and the harsh reality fiction

 With more or less deviations , macroeconomic theories have served , in general, to solve the economic and financial imbalances in most countries that have entered recesión.Todas , except perhaps one, Japan .

In this sense , the case of Japan is paradigmatic in the global economy. As recently as fifty years ago, nobody would have included the Japanese country within the international benchmark countries from the economic standpoint . After forty years of sustained growth , often spectacular , this situation was reversed because, among other things , to the amazing fluctuations experienced by the stock price from the mid-eighties and early noventa.Como can see from the chart , between 1985 and 1989 , the Nikkei rose from around 13000-39000 , ie, the average price of the shares nearly tripled in just four years. This huge increase was followed by a much sharper decline because in just two years, the Nikkei fell from 35,000 to 16,000.

 But , why did this phenomenon? Most economists agree that the main cause of this behavior was due to a speculative bubble in the price of certain assets , especially housing and land , whose prices rose in line with the Nikkei , but later decreases in prices were much more pronounced. That is, as happened in Spain , the housing bubble burst and were really negative consequences for the Japanese country , reaching trigger a massive recession.

This is when the economy starts fiction in Japan . The Japanese government launched a package of measures Keynesian stimulus through increased public works spending and tax cuts to stimulate consumption , causing large and persistent deficits. Similarly, the Bank of Japan lowered interest rates to very low levels to encourage investment , from 6% in 1990 to 0.5 % in 1995 and finally to 0% from 1999 to the present . Since then , Japan has lived caught in a liquidity trap steady .

 However, despite low interest rates and stimulus measures by the government , the recession continued throughout the 1990s , leading many economists to believe that the problem should be structural rather than cyclical as was originally thought , especially the problem of the financial system , which has encountered numerous loans could not be paid .

But there is one last problem : the evolution of the trade balance . Japan has traditionally been a purely export country , thanks to a powerful industry based on technological products and goods related to the automotive sector with high added value . But what happened? Fate would have it, on March 11, 2011 , Japan suffer one of the worst earthquakes in its history, accompanied by a strong tsunami that caused the accident in a nuclear power plant north of the country , the Fukushima plant , which made rethink the Japanese government nuclear policy . Therefore, the fiscal crisis and the currency crisis was added a nuclear crisis triggered a strong dependence on foreign energy which, together with the continued devaluation of the yen by low interest rates, makes him out very expensive Japan import energy which has caused these deficits in the trade balance.

Therefore, the Japanese crisis is explained by a cluster of fatalities that has plagued the Japanese economy with great virulence. The Japanese central bank has tried to mitigate these effects up to 9 quantitative easing , and the Government is launching major stimulus packages to revive the economy , especially trying to accelerate the reconstruction of the area of Japan hit by the tsunami. For the moment , these measures are having the desired effect, for now , the harsh reality is overcoming , and by far the economy fiction.

Germany and the repatriation of gold : are we close to financial collapse ?

 It seems that the gold price is stabilizing , after touching highs in October last year , with even speculation that we were living in a bubble in the price of this asset. The fact that gold has always been seen as a safe haven has made traditionally during times of crisis , investors seek to protect their investments against a possible loss of confidence of paper money.

Well, this is what I think must have been Germany, which has repatriated negligible amount of gold from Paris and New York. A decision that has been quite unnoticed among the media but in my opinion , is more important than it is being dando.Y is that one might ask , why at this time?

It is not the first time the Bundesbank shows his strong opposition to the ECB's policy of buying bonds , considering a misguided policy that could lead to hyperinflation and loss of confidence of paper money without remedy, with the specter of hyperinflation experienced disastrous as a result of their participation in the First World War . Therefore, the Bundesbank has decided to give a sign of strength and , during the war of currencies, has decided to repatriate some of the gold that you have in France and the United States, specifically 3,400 tons valued at 178.000 million.

There are multiple interpretations of the decision taken by the Central Bank of Germany . They may have wanted to convey an image of strength against investors or orthodox policy , but that has more strength is that fear the situation will collapse and that, in this scenario , countries nationalize the gold that other countries have deposited their Central Banks. In any case , this has been a knock on effect to what they believe could be a financial collapse . Will they happening ? Only time will tell.

Sunday, July 7, 2013

Money: Are you generous, stingy or thrifty?

Find out what your personality is about money:



     Ambitious-dominant: economic success has desire, is a perfectionist and rigid in their approach. For him, as for money anything goes, you can get to the betrayal. Favorite Quote: "You can always aim higher"
     Lazy-passive: It is pessimistic, negative and suspicious, and thinks that whatever you do, never improve your situation. You can fall in frustration and victim hood. Favorite Quote: "To love you more"
     Arrogant-calculator: Cautious, wants to control everything around him and protected. He is always on guard and may suffer from anxiety and obsession for control. Favorite Quote: "Man forewarned is forearmed"
     Modesto-Naive: Avoid responsibilities. Submissive and dependent, not defend their opinion. It conformist and low self esteem. Favorite Quote: "You're right always"
     Cold-stingy: Always on guard against deception or looting. Dislikes give or reciprocate. By not giving does not even say good morning, which leads to isolation. Favorite Quote: "It's mine"
     Warm-generous: Optimistic, impulsive, loving and selfless. She likes to share, invite. Your need for approval makes you lose self-esteem. It may be frivolous spender. Favorite Quote: "Mine is yours"
     Introvert-holder. Not communicate what you have to not have to share it. Unsociable, you never know what you think. Favorite Quote: "I know what I have"
     Extrovert-envious: Share what you have and even what does not. I love teaching the bargains you purchase, and enjoy the goods themselves and others. If you have no money you can become depressed. Favorite Quote: "I have that too I"