Posts Tagged Inflation

Meanwhile, the Government and Central Bank are looking way down the “dollar swap”, which arrived this week to a record high of 8.2 Bs per dollar in a market with low volume, a value that gives President Hugo Chavez capitalist speculation and a conspiracy of the bourgeoisie.

Government sources said it seeks to associate the unofficial dollar contribution to the sovereign bond to set a sort of price range. This, they say, will make the price of the currency respond to the offer and demand.

Chavez on Friday said it has been at the forefront of research to hunt for those who are outside the law on foreign exchange, referring to some Internet sites that report on the dollar exchange, which far exceeds the official rates 2.6 and 4.3 Bs per dollar.

Another agent said that a few had done something risky operation, which involves virtually operate outside the law and its punishment can include imprisonment.

Since the president was forced to devalue in January, the exchange rate, which is derived from the arbitration of securities-has risen nearly 25 percent, putting more pressure on inflation from the South American country, which imports about 90 percent of the goods it consumes.

The continuing escalation of prices has become a thorn in the side for the socialist government of Chavez, who faces low popularity in the midst of a recession, shortages of certain products and high uncertainty before legislative elections in September.

In 2010 inflation will be higher than expected. This is what analysts are anticipating the Bank of Mexico, to adjust their expectations of 5.21% to 5.28% in the survey rose each month from leading experts.

This derived from the effect of tax measures that were adopted last year and the increases that have been some agricultural products as a result of weather conditions.

In contrast to the growth of the economy are forecasting an improvement of 3.87 to 4.08% in line with recent changes that have been made by both the private sector by the government.

According to the survey, the economy will have its greatest impetus in the second quarter with an increase of 5.17% versus 4.82% in the previous survey.

By contrast the lowest growth was observed on the last stretch of the year with a 3.24% which compares favorably with the 2.94% it was thought in the previous survey.

Analysts warned that the economy could find as an obstacle to expanding the absence of reforms followed by the weak external market and the global economy.

It would also represent a limitation of the domestic market weakness and the problems of public insecurity and fiscal policy currently being implemented. (more…)

Very often hear entrepreneurs say for certain what bookkeeping if no use, they argue that the balance sheets only serve to pay taxes, to apply for bank loans, but never accounting is useful for decision making within the empresa.Lo happens is that accounting is another type of lens.

Accounting is a good expression on a person on a particular company, but when out of it. That is, there is absolutely consistent methodology that tells how a company must submit the financial statements, and based on this methodology can read a balance sheet of a company not known and take a more or less certain of where you stand . But be careful, when dealing with finances is from within the company, therefore the elements, the information, much more appropriate for decision making. As the accounting information system used by finance and often how they are prepared the financial statements the financial area, you must rewrite that information to use.

The accounts are not going to discard, let’s not say that it is useless, but warned that accounting is not appropriate for decision making within the company. The basic differences between the accounting and finance is that both have different criteria to measure the same facts. Thus we have: (more…)