Leave your comment

How to leave your comment

The easier way to leave your comment is using Name/URL option: just fill your name and your url (optional). You can use the anonymous option also, or whatever option listed in the menu. Your comments will be highly welcomed!

Wednesday, 11 February 2015

All unemployed person is a good leader - Todo desempleado es un buen líder

Hi my friends! As you know, I am unemployed for three months, and the situation in complicating day by day. Therefore, I should like to stress the reasons why all unemployed are good leaders.

What are the skills of a good leader?


1. Focus on team interests and needs: Yes. The unemployed are living focused on team interests and needs: the Family. They are perfect teamplayers, they must encourage family, spouse and children to achieve the common goal: find a job.

2. Inspiration: Necessity calls for ingenuity. Inspiration is essential. The unemployed are thinking all day because they need to be highlighted above all others. 

3. Integrity: Many unemployed are dismissed for refusing to follow unethical instructions. In addition to that, an unemployed knows street reality, daily problems and when he/she is hired, he/she can apply this experiences in his/her job. The risk of not being upright decreases because the unemployed person has suffered for long time and consequently, he/she won't make the others suffer. Pure psychology.

4. Clear goals: Find a job. Help the family. Draw up a life program.

5. Good example: Being unemployed is not a disgrace. This person was fired (or his/her contract wasn't renewed) though you, Mr. Recruiter, don't yet know why. The unemployed person is a tireless fighter, a good psychologist and highly stress resistant. He/she is a good example, is a leader.

6. Vision: The vision is clear enough (yes, find a job, find a job...). But this global vision is improved and updated, because the unemployed needs to update his/her skills, market and product knowledge and he/she must adapt to change to survive. 

7. Expects the best:  He/she will be working at 200% effectiveness. Sure.

8. Support: As I have written skill no.3, the unemployed won't make the others suffer. If he/she can be useful and can provide added value, he/she will support the entire team.

9. Encouragement: He/she is full of energy!!!! The unemployed has been in dormant state for so long, so he/she will be an energy source!!!!

10. Recognition: Yes! The unemployed will be recognized early! Some weeks after his/her engagement, he/she will be a truly leader! Remember: Inspiration, integrity, vision, energy, support, effectiveness, ...

11. Stimulating work: As new leader, the former unemployed will spread his/her enthusiasm to others, especially to better-off workers.

Therefore, do you still believe that this unemployed person is not a good leader? Do some of you still believe that? Do you believe that I am not a GOOD LEADER?

Contact me, contact him, contact her, and lets talk...

Regards!

(Contact me! david.lopez.belanche@gmail.com)



 Hola amigos! Cómo sabéis, estoy desempleado desde hace 3 meses, y la situación se complica día a día. Sin embargo, me gustaría destacar las razones por las que todos los desempleados somos buenos líderes. 

¿Cuales son las habilidades de un buen líder?


1. Enfocado hacia los intereses y las necesidades del equipo: Sí. El desempleado vive permanentemente enfocado en los intereses y las necesidades de su equipo: su familia. Hacen equipo perfectamente, animan a la familia, al cónyuge, a los hijos, con el objetivo de alcanzar el fin: encontrar un trabajo.

2. Inspiración: La necesidad agudiza el ingenio. La inspiración es esencial. El desempleado está pensando todo el día porque necesita destacar sobre el resto. 

3. Integridad: Muchos desempleados son despedidos por rechazar seguir instrucciones poco éticas. Además, todo desempleado conoce la realidad de la calle, los problemas del día a día, y cuando es contratado/a, puede aplicar estas experiencias para su trabajo. El riesgo de que no sea ético decrece, porque el desempleado ha sufrido durante bastante tiempo, y por lo tanto, no querrá hacer sufrir a los demás. Es pura psicología.

4. Objetivos claros: Encontrar un trabajo. Ayudar a la familia. Tener un plan de vida.

5. Buen ejemplo: Estar desempleado no es una vergüenza. Esa persona fue despedida (o su contrato no fue renovado) por alguna razón que usted, Sr. Reclutador, no conoce todavía. El desempleado es un luchador incansable, un buen psicólogo y altamente resistente al estrés. Es un buen ejemplo, es un líder.

6. Visión: La visión está totalmente clara (sí, encontrar un trabajo, encontrar un trabajo, ...). Pero la visión global se mejora y se actualiza, porque el desempleado necesita actualizar sus aptitudes, sus conocimientos de mercado y de producto y debe adaptarse al cambio para sobrevivir.

7. Espera lo mejor:  Él/ella trabajará al 200%. Seguro.

8. Apoya: Como he escrito en el tercer punto, el desempleado no hará sufrir a los demás. Si puede ayudar y proporcionar valor añadido, lo hará, y apoyará al equipo en su totalidad.

9. Anima: Está lleno de energía!!!! El desempleado ha estado en estado latente durante mucho tiempo, será una increíble fuente de energía para tu compañía!!!!

10. Reconocimiento: Sí! El desempleado tendrá el reconocimiento pronto. Unas semanas después de su contratación, será un verdadero líder! Recuerda: Inspiración, integridad, visión, energía, apoyo, efectividad,...

11. Estimula el trabajo: Como nuevo líder, el antiguo desempleado contagiará su entusiasmo a los demás, especialmente a esos trabajadores acomodados...

Por lo tanto, ¿todavía crees que un desempleado no es un buen líder? ¿Alguno de vosotros todavía lo creéis? ¿De verdad piensas que yo no soy un BUEN LÍDER?

Contacta conmigo, contacta con él, contacta con ella, y hablemos...

Saludos!

(Contáctame! david.lopez.belanche@gmail.com)


Thursday, 5 February 2015

Brief reflection on the situation in Greece - Breve reflexión sobre la situación de Grecia


Brief reflection on the situation in Greece

All the reasons why current European Union was established, Solidarity, Peace and Justice, can be smashed by the attitude of Germany. It is clear that Germany is defending its interests, but when is playing with the lives of innocent people, loses all reason. The Greek, Portuguese and Spanish citizens are suffering and dying for the cuts.

Chancellor Merkel should take into account these three factors:
1. Greece is a key member of NATO because its geographical situation. I'm sure Obama have called to Merkel keeping this in mind.
2. The day of the victory of SYRIZA, the spokesman of Chinese Foreign Ministry Mrs. Hua Chunying, showed full support to Greece and said that cooperation between the two countries will be closest. Note that China can finance Greece without breaking a sweat.
3. Russia has been waiting for several months the opportunity to hit the European Union, because the intervention in Ukraine. Do not dismiss Putin movements.

The European Union is at stake. And the geopolitical balance in Europe too. Are we seeing the first play of the Second Cold War?

Regards!



Breve reflexión sobre la situación de Grecia

Todo sobre lo que se cimentó la Unión Europea actual, la Solidaridad, la Unidad y la Justicia, salta por los aires por la actitud de Alemania. Esta claro que defiende sus derechos, pero cuando se juega con vidas, se pierde toda la razón. La ciudadanía griega, portuguesa y española está sufriendo y muriendo por los recortes.

La canciller Merkel debería tener en cuenta tres factores:
1. Grecia es un miembro clave de la OTAN, por su situación geográfica. Estoy seguro que Obama habrá llamado a Merkel recordando este hecho.
2. El día de la victoria de Syriza, la portavoz del Ministerio de Exteriores chino Hua Chunying, mostró un apoyo total a Grecia y aseguró que se estrecharía la cooperación entre ambos países. Téngase en cuenta que China puede financiar a Grecia sin despeinarse.
3. Rusia lleva esperando varios meses la oportunidad para golpear a la Unión Europea, por la intervención de esta última en Ucrania. No descarten movimientos de Putin.

La Unión Europea está en juego. Y el equilibro geopolítico en Europa también. ¿Estamos ante la primera jugada de la Segunda Guerra Fría?

Saludos!



Wednesday, 14 January 2015

The Capital increase in Banco Santander was essential in terms of Solvency

She makes decision with a steady hand. Since Ana Patricia Botín took command of Banco Santander, it has become clear that she is a woman of clear ideas, you know, dismissal of former CEO, Javier Marín, and Rodrigo Rato and very recently the last and powerful capital increase needed to meet future requirements penalizing significantly to small shareholders. As an analyst  (good or bad analyst, it depends on your estimates, dear reader), I am going to try to synthesize the reasons and consequences of this measure.


First, it is a necessary measure. The SSM (Single Supervisory Mechanism) and its president, Danièle Nouy, seem to be clear that any systemic bank or 'too-big-to-fail' bank should have a capitalization higher than 10% of its balance. Moreover, this requisite seems an essential requirement, and Banco Santander knows it. Keep in mind that many companies still treat certain 'concepts' as Capital, and these concepts should be eliminated in 2019, so you know, the real solvency of many European banks is not what it appears. Basel III imposes very strict standards that many banks have to undertake in the short term because the most important issue for the ECB - today - is the Capital. Capital and Capital. Only the Capital. Solvency.

Solvency is a term that inspires confidence to customers, but also to markets. A solvent bank is able to withstand economic crisis but also, a solvent bank can more easily undertake purchases of other banks. Therefore, some think that this capital increase is a warning to future potential acquisitions, though I think and reiterate that the most important issue is to withstand the crisis - is not over -, and I think Ana Patricia Botín will not make any purchase in the short term. It would be a little daring penalize shareholders to buy another bank, right?


Everyone (yes, you) prefers solvents banks. But who should pay the price for these recapitalizations? As usual, someone does it well and someone does it wrong. And this time, Banco Santander did it well: the shareholders are the owners of the Bank and must bear the capital risk. So chapeau!. I know Mr. Shareholder: your share has been diluted by 10% and the dividend has been reduced to € 0.20 per share, but difficult times require bold solutions. Dear Shareholder, think in the shareholders of Bankia or those that were fooled with unrecoverable preferred participations ... And finally, Shareholder of Banco Santander: A more solvent and strong Banco Santander will regain its value.

But yes, all erroneous and fraudulent actions taken in the spanish banking sector in recent years must be severely punished. Likewise, citizens expect more positive moves, you know, a more humane Banking, because this crisis has been a missed opportunity to change nineteenth-century mortgage and credit laws.

This will be your next national challenge, Mrs. Botín. Your bank must take a step forward to create a more humane Banking business and should encourage the change of this legislation. If you do so, this change would be a brilliant manoeuvre in favour of Banco Santander, and would strengthen its leadership position. If you do not so, the legislation will change, because it is just a matter of time. I hope so, for everyone's sake...

Friday, 28 November 2014

Competitiveness and the mediocrity of the Spanish economic model

Translation of my original article in spanish economic blog El Captor:

Much has been written about the lack of competitiveness of the Spanish business fabric and its discrete level of exports relative to other economies of similar size. The reality is not as bad as some people would have us believe, but all correlation of two variables always has a dual interpretation. Note this graph:

Exports to GPB (%)
Source: World Bank

Spanish figures does not seem too bad, we export more than France, Italy and Greece, at least in relation to GDP. At first glance, it seems that the situation has improved, but the double interpretation may reflect that this growth is a mere mirage, because we really export a little more, but our GDP is much lower. You know, numerator and denominator. Mathematics are well playful ...

I wanted to show you this example as an introduction before speaking about labour productivity. What does labour productivity means? The International Labour Organization has several definitions, but the commonly accepted, at least in this country called Spain, is as follows: 

Labour Productivity = Total Production of Goods and Services / Total Salaries

Damn! Numerator and Denominator, again ... This simple ratio represents the whole economic model of a country, and as usual ... Spain is Spain.

Right. What does competitiveness mean? Easy, it is the ability to compete, either by price or by innovation. Spain is Spain, again ...


"We need to increase productivity and competitiveness" they said, and they have forced us to take the easiest route: lets take an axe to wages, and voilà! we are already productive and competitive.

And yes, we are productive, but are mediocre. We are mediocre because instead of investing in R & D, training employees and retaining talent in order to improve, grow and produce more and better (increasing the numerator of the definition of productivity), we opted for precarious contracts, unworthy salaries, job insecurity and underemployment (reducing the denominator). How cold, wise the mathematics are! Spain is towards mediocrity today.

At the beginning of November, there were 4,526,804 unemployed in Spain. But also 5,752,040 workers earn 600 euros per month. In short, 10,278,844 people, with name, with family, who only want to work with dignity, cannot consume nothing in Christmas time. 55% of working-age Spaniards cannot consume.


As Keynesian, I firmly believe that the demand and consumption are the engine of the economy. With this disturbing figures and these policies, the engine is not only seized up: There is no reasonable way to overcome this crisis. We need growth policies, wage increase and retain talent immediately, or the painful economic stagnation is inevitable. It is being warned in time...

Monday, 17 November 2014

FT: Sales tax tips Japan back into recession

Hi my friends! Being unemployed (again) is a great oportunity to give a new impetus to my blog...it's a good excuse to be active!

Today's post is a new example of how tax increase and constricting measures contribute to a deeper crisis.


How about Japan?  Well, as you know, Japanese economy is totally stagnated for too long... and using measure like this, it does not surprise me...

In FT today's edition, we can read "Japan’s economy tipped into a technical recession following a jump in consumption taxes in April, making it a near-certainty that prime minister Shinzo Abe will delay another increase while appealing for a fresh mandate via a snap election.". Read full article here.



(Pics from ft.com)

Yes! Be happy! Increasing taxes on consumption is the worst way to boost an economy!

Stop the world, I want to get off!

TO BE CONTINUED...

Friday, 14 November 2014

Europe reneges on Keynesian policies and slides towards third recession

Hi my friends! Are you all okay? Sure! Well, today I have posted an interesting article in El Captor. El Captor (http://www.elcaptor.com) is one of the leaders in the spanish-speaking specialized blogs in Economy. I'm proud that this renowned blog asked me an article!


I'm going to translate it. Thanks everybody! (Read the original here)

Just as we respect the grandparents for their wisdom and experience, we should respect the experience gained in previous crises. Everyone knows except those who govern today in Europe, that the only way to overcome the crisis is providing liquidity to the system, using an expansionary fiscal policy. Everyone knows (even the tobacconist in the corner), that consumption is the motor of any economy. In fact, no crisis has been overcome without encouraging consumption. Never.

However, here we are in year 6 of the greatest economic and financial crisis in History, just surviving, and worst of all, no sign of improvement. Yes, of course! Spain was different, we had the housing bubble and we lived beyond our means - official rhetoric dixit -.

Well, look, no. The housing bubble was widespread throughout the first world.

In the US, the price of housing (and land) shot up, as happened in Spain. Where bubble is, the financial vultures are doing their business. Financial vultures were running amok, making and breaking at will for several years, after the repeal in 1999 of the Glass-Steagall Act (US Banking Act). This Act stopped wild speculation, and when it disappeared, commercial banks could leverage more and more and take more risks. And we know how the party ended...

We already had the perfect cocktail: housing bubble, financial deregulation, low interests and financial engineering. The cocktail was good, great, but hangover is painful.

Although the United States was the germ of the crisis, also gave us clues as how to overcome it. Several banks fell (although none was systemic, but Lehman Brothers almost cracked all) and US government imposed expansionary policies quickly, massively injecting capital into the economy and encouraging consumption, and reimposed certain regulatory measures, but without reaching the situation prior to 1999. Well, as here in Europe...

And, yes. This is something that "Grandpa" Keynes said in 1936: The State should act as a regulator, increasing demand and consumption, and only then, it is possible to overcome the crisis.

As I said at the beginning, European ringleaders, please ... Let's give up your austericide inventions, and let's apply those that always worked well, please. Consumption, Consumption and Consumption.



Monday, 27 October 2014

Spanish banking sector passes ECB stress tests

Hello everybody! Yeah, The Economist from Spain is come back! I must admit that my blog has been a little neglected... You know, other priorities... But lets deal with an issue that is very topical: ECB stress test!


Yes, last weekend, ECB and the European Banking Authority (EBA) published the results of their last stress tests. 130 firms were examined in detail in order to make sure they are strong enough to withstand an extreme economic situation. Well.... any most extreme situation is possible?....Have you never heard anything about the "third recession"?... is another part of the story, but extremely closely linked to these tests.


According with these tests, spanish financial sector companies passed the test, and the biggest ones did so with aplomb. Yeah! Great job! Spanish citizenship and the banks themselves have recapitalized the system. The logic indicates that the next step is to implement expansionary policies to boost the economy and job creation. But I fear that the short answer is NO. And the consequence of this negative answer clearly will be the expected third recession.


After all, I'm just a stupid keynesian... We cannot overcome an economic crisis without stimulating consumption, it is theoretically and practically impossible. Now and forever.

But, you know, austerity rules...

TO BE CONTINUED...