Is the economy recovering?

If we look at the current situation in the stock markets, it seems as though the crisis is finished...

If we compare today's situation with the lowest point back in March, in New York Wall Street went up by 35%, Paris index (CAC 40) by 33%, Tokyo like Francfurt up 41 %, London 59% and Hong Kong 76 % ! (data according to the French newspaper Le Monde.

It seems to me that if the economy is supposedly doing well is precisely because of a mini buble that keeps bursting and then reinflating.

One of the main reason why investors are so optimistic is that banks are gaining huge profits again... but forgetting that the American accounting rules (FAS) have been changed so that potential losses do not get recorded as long as worthless financial gadgets are not sold (before potential gains were recorded, thus giving an "objective" vision to over-valued financial instruments) and a lot of those instruments have been sold to central banks so that tax payers face the loss. Today, the EU is urging the IASB (international accounting standard board) to change the accounting rules of the international standars IFRS applying the same rule (if the market goes up we record potential gains, if it goes down we dont). Speculation is again the rule, making a few rich and many poor, big bonuses (one of the "reason" behind the crisis) are still allowed and above all capitalism together with the exploitation and poverty it offers is still on... until when?

trad.machine

Uno de principal razón por la que son los inversores así que optimista es que banco son ganando enorme beneficio otra vez… pero olvidando que se han cambiado las reglas americanas de la contabilidad (FAS) de modo que las pérdidas potenciales no consigan registradas mientras los artilugios financieros sin valor no se vendan (antes de que los aumentos potenciales fueron registrados, así dando una visión “objetiva” a los instrumentos financieros supervalorados) y muchos esos instrumentos se han vendido a los bancos centrales de modo que los contribuyentes hagan frente a la pérdida. Hoy, la UE está impulsando IASB (tablero internacional del estándar de contabilidad) para cambiar las reglas de la contabilidad de los standars internacionales IFRS que aplican la misma regla (si va el mercado para arriba nosotros registra aumentos potenciales, si va abajo nosotros no lo hace). ¿La especulación es otra vez la regla, haciendo algunos ricos y muchos pobres, las primas grandes (una de la “razón” detrás de la crisis) todavía se permiten y sobre todo capitalismo así como la explotación y la pobreza que ofrece todavía está en… hasta cuándo?