Hace un par de semanas leía Spain, the market that thinks it’s 2009. En estas dos semanas, el titular del artículo ha quedado desfasado y debería poner Spain, the market that thinks it’s 2003.
El artículo hace un repaso a la situación actual desde el punto de vista de un británico al que le gusta España, la visita de forma ocasional y tiene algunas amistades aquí que le cuentan cómo va la cosa, por otra parte, nada que no sepamos ya.
Lo que me llamó la atención fue este comentario de Diego, un español residente en UK, implacable:
I wouldn’t invest in Spain. There is a good reason the prices are at that level, and I was expecting this tumble during 2010 and 2011. I knew it was a matter of time, and it will be a matter of time that it get worse in the future. I am in no way apocalyptical, nor do I think there will be a “corralito” or the banking system will collapse. I don’t even think the euro will fall apart. It’s simpler than that.
I believe the future of the country is even gloomier than the average outside observer might think. Look at the population pyramid. Look at how much industry and research we have: none – stock market: banks, more banks and previously national companies (phone, commodities )-. A generation lost with unemployment. Now the recent tax raise. An immature mentality that idealises any left-wing politics to the point where a sizeable part of the young (and not so young) population define themselves as communists. I could go on…
But possibly, worst of all, a culture, a society, that slowly rots your soul, maybe not obvious to the occasional visitor. It’s not exactly hedonism, is a combination of indifference, arrogance, callousness, envy, greediness, sluggishness. It’s owners of business ripping their customers off to get exorbitant gross margins, politicians making the headlines everyday for corruption and getting reelected. People earning less than 1000 / month buying iphones, expensive clothes and going to bars on a regular basis.
There is no sign these problems will be fixed in there foreseeable future. So, no, I wouldn’t invest, not even at these prices.
Leyendo a Diego, me parece estar leyéndote, Margrave.
Un saludo.