Grumpy, Sleepy and Jesolo
Benetazzo Eugene - September 11, 2008
begin to make a final budget at the end of last season and see if there points of tangency with the largest bailout in American history on the two giants Fannie Mae and Freddie Mac in the first instance we have the media who seem not to notice that in Italy there has been a sharp drop in tourism, we are talking about a in less than a million tourists, representing a - 35% for weekdays and one - 15% on weekends. Data that are significantly down one of the most thriving industries that had a time in Italy: tourism. The incoming tourism has been amended a few years ago, turning into hordes of families starved to death in Eastern Europe (together with the Italian ones) who spend a week in hotels on the Adriatic Riviera from 20 € per night. Take Rimini (once the capital of Italian tourism) and see what has become progressively less than ten years.
In the face of a barbaric horde of starving (who buys beer and sausage at the supermarket to consume them in hotel rooms now derelict) are opposed abundant arrays Russian billionaires (with their escorts from the loose morals) that are the very essence of capitalism rotted the new century: from Cortina to Capri, Forte dei Marmi on the Emerald Coast, from Taormina to the Lido of Venice, are now the only ones that make the good life, squandered funds and resources to capacity that they never deserved quadagni. It is they who are supporting the housing market, especially in tourist areas, blindly buying the new and old, regardless of price. Perhaps because the primary need is not investment property but the recycling of money of dubious origin. They have bought so pushing prices higher, enough to bring the studios to the modest amount Jesolo € 500,000. I would like to know an Italian (not to call it the idiot on the situation) that you buy for that amount a hole in a town that thrives on tourism and not two months a year, with intermittent sunshine, the sea that looks like to an open sewer and finally the cheerful company of mosquitoes day and night!
We can divide the business travel in Italy in two major classes (even if someone is saved yet, but dying is a prosperous minority within the majority): the class of that of Grumpy and Sleepy. The first complains, grumbles precisely how the market now has tourist stay crushed, reduced, turned almost vanished, replaced by a boyish Italian tourism hit and run (hit and run style) that hardly finds its niche position among the hordes of the new starving. The second class, that of the Sleepy, is more childlike, almost childish, in fact, while Sleepy, then sleeping, dreaming of solace. And dreams in the past decades in which the Italian welfare was measured by two weeks full board of the family, where we did not miss anything from donuts to cream cone with four scoops of ice cream for children at the beach .
Both Sleepy Grumpy that unfortunately in the middle of their entrepreneurial vocation did not deal with the devil socio-economic changes have occurred slowly over the past ten years: first and foremost the destruction of the capacity savings. Without savings there is no future for people in the world for the second propensity to save are slipping, if not sealed, placed him on the bottom of the league. The average Italian does not spare even must go on loan to avoid financial apnea. When the portfolio shrinks, it starts to cut the superfluous (and then the holidays, even though the holidays are really just unnecessary, they represent a moment of contentment in the lives of everyone). However, thanks to borrowing a few thousand scoundrels have also decided to spend a vacation, even if I do not understand what kind of mental and physical benefits can have a moment of relaxation achieved with this financial architecture.
Grumpy and Sleepy are still not realizing what's happening in their area and around them, rather than grumble about the current economic situation and dreaming of the deeds to a past that never see each other anymore, well not do. Just like many other Italian entrepreneurs in other sectors of the economy that have flourished since that time the cake was great for everyone, there was savings generated each month and globalization had not yet peeped. Is to have a different vocation from being an entrepreneur and an entrepreneurial spirit. Precisely for this reason we now have companies that are trying to foolishly stand when not comprehend that they are in front of a backdrop of momentous change, and we should at first to abandon ship before it drags the little set aside in the fund 's abyss.
What happened with the rescue of Fannie Mae and Freddie Mac does not differ much from reading the proposal so far: it is a hotel in the Adriatic, or any other business activity fate is sadly marked. The debt and ease of access has allowed many countries continue to consume the same as if no one realizing what was happening. Since purchasing the first home loans to full operation, vacations in installments, revolving credit card (the next bubble that will burst within a year), this has led to a glut in the long term financial unsustainable.
Collapse of incoming tourism and rescue of two big American banks are addressed by the media with the same approach: the important thing is not to steal and hide the substantiality of the problem (or that we find ourselves in a depression unprecedented economic). All media are in pole position magnify the financial rescue that will allow the system (or should we call the patient dying) to continue to stand. No one pauses to emphasize that its shares have been pulverized (only Monday, September 8 quotes have collapsed more than 80%) and how these mega injections of liquidity will affect the shoulders and wallets of the American people, going to worse socio-economic scenario of the battered U.S. locomotive.
are seeing now for a year to extraordinary measures by all central banks around the planet in the painful attempt to plug every hole that begins to open, with results quite alarming. In reality there is nothing that continue to move forward on the day of his death. World GDP is clearly in recession, the euro is believed even more given the recent collapse of the summer, proving that Europe will soon have its ailing banks. In that regard, I advise you to hold in liquid form as much money as possible (in the sense of paper notes). Two years ago I was banned from the pen as a catastrophic easy right from the bank staff who now finds himself fired home: you see what to believe from now on. Ask yourself this question: Who will save European banks that can not be saved by the ECB and can not rely on state intervention? Unfortunately, the whole world has an economy that is still based on the dollar as the euro has been felt in the last two years his voice. There is no painless solution to the evil that has affected the whole economic system, the unholy convergence of four variables in crisis: saving, investment property, energy and raw materials.
An economic system ceases to exist when no longer controlled the economic agents involved and when the well-being ceases to be disseminated in a capillary. Many people consider the collapse of the Berlin Wall (11/09/1989) as the historic event which put an end to communism or better as the event that spurred the revolution and the change from an economic system that had brought and caused poverty and social malaise (although promised exactly the opposite). From a purely economic point of view, I argue that Christmas should be the same year with the execution of Nicolae Ceausescu ( http://www.youtube.com/watch?v=qZoqBUA7eVw ), the date that identifies the point of no return. The Romanian dictator, was brutally murdered by firing squad along with his wife Elena after the ruling of a court driving home the people who had accused him of having destroyed the national economy, have led the Romanian population to poverty and have enabled some corporations to accumulate huge wealth illegally.
I'm waiting. I'm waiting for what will soon be written in school textbooks in the coming years, someone will pay for what is happening at this time. Like Ceausescu in Romania with its communist regime, even today some countries is bringing many well-identified drug addicts by the false expectations of its economic system (globalization) to a state of poverty, distress and social distress for many and a shameless enrichment for the few. When the economic frustration will be taken to extremes, it will only wait for the resulting social revolution proclaimed Grumpy and Sleepy by many as healthy, and the subsequent shooting of another Ceausescu.
