Discussion Dossier:Crise des CDS

Désolé Bapti pour mes multiples modifications dans ce dossier. Elles nuisent à la lisibilité des contributeurs. C’est donc ma dernière intervention, RD –Eurobas 13 octobre 2008 à 06:37 (UTC)

De nombreux CDS ont désormais une valeur nulle au bilan des banques et assurances. Une vraie problématique sur les CDS est de savoir comment sont provisionnés ces actifs qui peuvent devenir négatifs. En clair, le résultat d’une police d’assurance peut se transformer en perte, non ? –Eurobas 16 décembre 2008 à 15:14 (UTC)

Le 12 décembre, l’Allemagne boucle difficilement l’émission d’une dette à deux ans de 7 milliards de dollars. Alors que les intérêts des obligations publiques sont au plus bas, le risque de non-remboursement des états augmente : pour assurer 10 000 dollars de dette britannique, il fallait payer moins de 9 dollars en janvier 2008, 57,40 dollars au mois de novembre 2008, et 113,40 dollars aujourd’hui.[1]

Pratiquement inexistant en 2002, le marché des swaps de défaut s’est développé à un rythme extrêmement rapide pour atteindre, en 2007, un volume de 58 000 milliards de dollars en termes de montant notionnel. En achetant un contrat pour se protéger du risque sur une obligation donnée, les intervenants de marché pensaient être à l’abri, dans une large mesure, du risque de défaut de l’émetteur. Toutefois, cette protection s’est avérée souvent défaillante lorsque la crise financière s’est manifestée. De fait, durant la phase d’expansion soutenue ayant précédé l’apparition des turbulences, le fonctionnement du marché des swaps de défaut en période de crise n’avait pas été encore testé. http://www.edubourse.com/finance/actualites.php?actu=49721 –Eurobas 19 janvier 2009 à 21:57 (UTC)

Force est rappeler que les réserves d’or de l’ensemble des banques centrales s’élèvent à 30000 tonnes depuis 1945. Les banques centrales européennes détiennent près de la moitié du stock, soit 14047 tonnes, et les Etats-Unis 8148 tonnes en 2004[2]. D’après ses comptes annuels publiés en juin 2008, la Banque de France détient 2594 tonnes d’or.

L’argent est devenu un métal rare dont le cours boursier a étrangement plongé depuis 2008. Or la production est inférieure d’un tiers à la consommation d’argent par les industries. Et les réserves minières mondiales seront épuisées en moins d’une décennie. CQFD

En 2007, près de 10000 hedge funds géraient environ 1760 milliards de dollars dans le monde. Aujourd’hui, les professionnels estiment que 20 à 30% de ces fonds vont faire faillite. Qualifiés de “trous noirs” de la finance, 30 à 50 de ces centres offshore cultivent le secret bancaire et refusent toute demande de coopération avec les administrations fiscales, boursières ou judiciaires de leurs partenaires. La nouveauté de cette crise est que les pertes sont supportées par les états et que les profits semblent transférés dans les paradis fiscaux dits offshore.

Jacques Attali estime que les risques de laisser les gens s’endetter sur des valeurs fictives sont la dénonciation de complots, une grande inflation pour faire disparaitre les dettes et des tensions militaires pour contraindre les gens à accepter plus d’austérité et d’impôts.

Certaines critiques suspectent les 3 agences de notation privées Moody’s, Standard and Poor’s et Fitch Ratings d’avoir côté les titres CDS au plus haut pour se rémunérer sur le montant de l’émission obtenue d’environ 1%. Les agences de notation Fitch Ratings et Moody’s estiment que le pourcentage de défaillance sur les dettes d’entreprise devrait atteindre 4 à 5 %[3]

Nouriel Roubini prédit que la crise financière pourrait coûter $3 600 milliards à l’ensemble des institutions financières faisant affaire aux États-Unis. A titre de comparaison, l’ensemble du système bancaire américain détient environ 1 400 milliards USD en capital[4]. Et Barack Obama programme un plan de relance économique evalué à $1.2 Trillion[5]

En effet, un atterrissage en douceur est difficile du fait que :

Selon Lyndon LaRouche évalue la valeur nominale des produits dérivés échangés annuellement à travers le monde à 1,4 million de milliards de dollars en 2008, soit 1400 Trillions. Cette bulle boursière continuera de croitre tant que les produits dérivés ne sont pas effacés des livres de comptes[6].

Cette rubrique est trop longue. Une synthèse en 1 page est nécessaire –Eurobas 23 février 2009 à 14:49 (UTC)

Historiquement, la Société Générale a titrisé une cinquantaine de milliards d’euros de CDS en 2006 ; elle se félicite d’avoir gagné 2,1 milliards d’euros sur ses « credit portfolio management » en 2008. Le portefeuille de BNP Paribas et du Crédit Agricole atteignait une vingtaine de milliards à la même époque en France.

Morgan Stanley estime que les états de la zone euro solliciteront le marché obligataire à hauteur de 631 milliards d’euros en 2008, puis 765 milliards en 2009. Tandis que cette augmentation est d’environ 20%, l’état fédéral américain a prévu de lever 550 milliards de dollars entre octobre et décembre 2008.

Le volume des émissions de CDS en Europe est quasiment nul avec 40 milliards d’euros au premier trimestre 2008, contre près de 130 milliards un an plus tôt. Une grande part de cette “titrisation” est utilisée pour obtenir des financements auprès des banques centrales. Lancé en France courant novembre 2007, le triplement des CFD a été observé en octobre 2008 avec un volume de 5,3 milliards d’euros.

Par ailleurs, les finances publiques risquent d’être asséchées sous l’effet de quatre facteurs :

Selon le « Prix Nobel » d’économie Maurice Allais, la création monétaire ex nihilo actuelle par le système bancaire est identique à la création de monnaie par des faux-monnayeurs[12]… sans aucune exagération, le mécanisme actuel de la création de monnaie par le crédit est certainement le « cancer » qui ronge irrémédiablement les économies de marchés de propriété privée[13]. Avec 40 pages de graphiques, il postule que la libéralisation totale des échanges et des mouvements de capitaux n’est souhaitable que dans le cadre d’ensembles régionaux groupant des pays économiquement, politiquement et socialement comparables[14].

Inexistant avant 1997, le montant des encours notionels de dérivés de crédit a atteint 600 milliards en 1999, 4479 milliards mi-2004 et 51095 mi-2007[15].

Dans son rapport financier annuel 2008[16], BNP Paribas précise que “le montant notionnel des instruments financiers dérivés ne constitue qu’une indication de volume de l’activité de BNP Paribas SA sur les marchés d’instruments financiers et ne reflète pas les risques de marché attachés à ces instruments.” Le portefeuille de transaction de ces instruments financiers à terme s’élève à 36824 milliards d’euros (dont 34% réalisés au 31/12/2008). La stratégie de couverture par des instruments financiers dérivés (CDS) conclues de gré à gré s’établit à 396 milliards d’euros au 31 décembre 2008.

Face à la crise, les États-Unis et l’Angleterre ont officiellement annoncé faire marcher la planche à billets. La création monétaire pour compenser les “titres pourris” des banques est de 21000 milliards de dollars en mars 2009 selon le mouvement LaRouche.

Depuis 18 mois, la BCE a mené une politique d’expansion monétaire et son bilan a augmenté de 40% depuis août 2008. Avec plus de 2000 milliards d’euros, il dépasse même celui de la Réserve fédérale américaine qui compte 2300 milliards de dollars en mai 2009.

Aux USA (statistique Z1 de la FED), la masse de dette atteint désormais 52592 milliards de $, ce qui représente la somme … de 700 000$ par ménage standard (un couple avec deux enfants), ou encore 370% du PIB US (le pic associé à la crise de 1929 était de 160% environ en début de crise, et un peu plus de 260% après 3 ans de crise à cause de l’effondrement du PIB associé).”

Nota: Désolé pour ceux qui pourchassent un “néo-libéralisme”, mais les faits et les chiffres sont implacables, nous vivons bien actuellement dans des économies plus étatisées que jamais…à une notable exception près, la Chine, dont le poids de l’état est passé de 90% à moins de 40% au cours des dernières décennies, et qui a réalisé la plus forte expansion économique de toutes les grandes économies.

Selon l’agence Bloomberg, l’ensemble des dépenses, prêts et garanties offerts par l’Etat américain atteignent désormais les 12.800 milliards de dollars (PIB des USA : 14 000 milliards). Boursier.com 31/03/2009. [...] On apprend ainsi que la situation des prêts immobiliers est devenue incontrôlable avec 10 % de défaillances et surtout 694 056 procédures de saisies en cours au 4ème trimestre 2008. Vous pouvez d’ailleurs avoir le résumé de ces chiffres en consultant le tableau page 13 du rapport dont voici le lien : http://www.occ.treas.gov/ftp/release/2009-37a.pdf. [...] D’ailleurs, un américain sur dix reçoit une aide en bons d’alimentation (Reuters du vendredi 3 avril) et 5,1 millions d’emplois ont été détruits depuis le début de la récession selon le journal Le Monde du vendredi 3 avril. [...] Paul Krugman, prix nobel d’économie : « J’ai l’impression qu’elle [l’administration, ndlr] ne cherche qu’à gagner du temps au lieu d’admettre la réalité des pertes essuyées par les banques et de faire ce qui est nécessaire pour nettoyer ce foutoir. » Il ose même une phrase digne d’un théoricien du complot : «Le problème est que nous avons une administration qui va chercher conseil chez ceux qui ont créé cette crise». Source : Libération.fr du 15 avril 2009. [...]

Il faut le rappeler, le dollar était à l’époque convertible en or (35 dollars l’once). Jacques Rueff, économiste, et surtout clairvoyant, avait alors déclaré que c’était pour le monde « le secret d’un déficit sans larmes. » Puis, par étapes successives, le dollar a cessé d’être convertible en or (1971), pire encore, il est devenu « flottant » (1973), c’est-à-dire déconnecté de toute réalité économique. [...] Or, le 18 mars 2009 (« le jour où le dollar est mort ») la FED (banque centrale US) a décidé de racheter des bons du trésor, ce qui revient à monétiser la dette. [...] J’ai expliqué dans mes quatre précédents articles que les monnaies nationales étaient en phase avancée de destruction (dollar, livre sterling par exemple) et que de nouvelles monnaies continentales (dollar nord-américain, Acu pour l’Asie, Sucre pour l’Amérique du sud, l’Arabo lancé par le Conseil de Coopération du Golfe), virtuelles dans un premier temps, étaient en train de naître. [...]

Le 19 février 2009, le quotidien du peuple (People’s Daily) annonçait que « la Chine autorisait les pays en déficit commercial avec elle à produire des obligations en yuans (et non en dollars). » Elle a de plus signé un accord avec l’Argentine lui permettant de payer en yuan et « a conclu des accords d’échange de devises d’une valeur totale de 95 milliards de dollars, avec la Malaisie, la Corée du Sud, Hong Kong, la Biélorussie, l’Indonésie, et maintenant l’ Argentine ». Source : China Economic Review du 31 Mars 2009. L’AFP, le 26 mars, a affirmé « qu’un groupe d’experts de l’ONU dirigé par l’économiste américain Joseph Stiglitz a préconisé un nouveau système monétaire international pour remplacer l’actuel, basé sur le dollar. [...]

Georges Soros a confirmé : « la monnaie américaine pourrait finalement être remplacée comme devise mondiale de réserve, éventuellement par les Droits de tirage spéciaux (DTS) du Fonds monétaire international ». Source : Reuters le 06 avril 2009. [...] Les DTS ont été créés en 1966 par le FMI en complément des réserves officielles des pays membres, c’est un droit qui permet de « tirer » des devises. Les DTS sont déterminés en fonction d’un panier de valeur de 4 monnaies : le dollar, l’euro, le yen et la livre sterling. Il manque donc le yuan et le rouble. Or, le 28 mars 2009, l’agence Reuters nous apprend que « la Russie est favorable à une extension du droit de tirage spécial (DTS) du Fonds monétaire international afin qu’il inclue le rouble, le yuan et l’or. » Il faut rappeler que de par son fonctionnement, le droit de tirage spécial favorise celui qui fournit les liquidités : la Chine devrait donc logiquement devenir un acteur majeur de cet instrument monétaire. [...] Ce système est appelé à être provisoire et comme l’Ecu, monnaie virtuelle qui s’est transformée en euro, nous aurons dans un premier temps des monnaies continentales (Sucre, Acu, etc) qui deviendront réelles pour, au final, être regroupées au sein d’une monnaie unique mondiale dont plusieurs noms circulent (Global, Phoenix, Terra). [...]

Concernant l’arrestation de Bernard Madoff. Il est très étonné lui-même des accusations de monstre lancées contre lui. Sa ligne de défense est simple et elle devrait vous en dire long sur notre système économique. Il a ainsi déclaré que l’économie mondiale était une vaste pyramide de Ponzi et qu’il ne comprenait pas pourquoi il devenait le bouc émissaire d’un système alors qu’il en était le révélateur. Ce système qui fonctionne sur la dette et la captation par quelques-uns de l’essentiel des intérêts impose au fil des ans d’élargir la base de crédit. Et, lorsque l’on commence à prêter à des gens qui ne peuvent rembourser, le système s’écroule. Le chômage va donc exploser, les retraites se transformeront en revenu minimum, la sécurité sociale sera réservée à quelques-uns. Dans les pays pauvres, on mourra de faim par millions. La solution classique consiste à provoquer un gros conflit mondial, ce qui permet de se débarrasser des chômeurs et des stocks d’armes et ensuite de reconstruire. Paul Jorion, sur son blog, réfléchit à l’élaboration d’une constitution pour l’économie qui se ferait sur le net et accessible par tous comme Wikipedia…

Selon les derniers chiffres, les autorités américaines ont consacré 12 000 milliards de dollars à des subventions, des gratuités et autres renflouages.” Source par Bill Bonner Lundi 16 Mars 2009 La Chronique Agora.

“Rien qu’aux Etats-Unis, la facture de la bataille contre la correction se monte à 14 000 milliards de dollars environ, d’après nos calculs. Cela ne comprend pas seulement les sommes réellement dépensées… mais également les garanties de la Fed et les rachats d’actifs toxiques“Bill Bonner Vendredi 03 Avril 2009 La Chronique Agora.

“Je ne connais pas les chiffres pour l’Angleterre mais le PIB étant 5 fois moindre, on peut supposer environ 2000 milliards de dollars car les problèmes sont identiques.” Gilles Bonafi

Selon l’AFP, le conseil de la Banque centrale européenne (BCE) va acheter pour environ 60 milliards d’euros d’obligations “sécurisées” en euro, a annoncé Jean-Claude Trichet. Les modalités techniques de ces achats seront dévoilées après la prochaine réunion du 4 juin. Lors de la réunion du 07/05/2009, le conseil a décidé d’abaisser d’un quart de point le principal taux directeur, tombé à un nouveau plancher historique de 1%.

La BCE suit le chemin pris par ses grandes homologues américaine et britannique qui ont déjà lancé des programmes d’achats de titres de créance pour stimuler leurs économies.

Certes, la mondialisation favorise les plus forts qui refusent de payer des taxes. Par contre, les plus faibles sont moins mobiles et subissent les lois. Mais qui est capable d’avoir une vision globale d’un marché aujourd’hui ? personne. C’est totalement impossible car un volume significatif de titres et de dérivés (swaps ou futures) circulent ou sont détenus dans des places “off shore” (paradis fiscaux).

G20: 2 points on the agenda

Interrogée sur l’échec d’un placement de bons du trésor anglais auprès des investisseurs cette semaine, Angela Merkel a répondu : « Cela nous montre que les états ne peuvent pas éternellement vivre à crédit”. [...] « It isn’t just that the banks took over too many risks. Governments allowed them to do so by neglecting to set the necessary [financial market] rules and, for instance in the US, by increasing the money supply too much”

Le 02 avril, en plein G20, les USA ont changé leurs normes comptables ce qui va permettre d’après Robert Willens, un ancien directeur de Lehman Brothers Holdings Inc. d’améliorer le bilan des banques de 20 %. Un « miracle » a donc eu lieu qui permet désormais aux entreprises financières de fixer elles-mêmes le prix de leurs produits financiers (car il n’y a plus d’acheteurs) et tout cela sous la contrainte et les menaces. Arthur Levitt, ancien président de la SEC a dit :

« ce qui me perturbe le plus à propos de l’initiative de la FASB (l’organisme qui fixe les règles en matière de comptabilité, à l’origine de la nouvelle réglementation) est qu’elle semble résulter de menaces indignes de membres du Congrès, qui sont redevables à des représentants d’entreprises ». Source : Bloomberg du 29 mars 2009 : « Mark-to-Market Lobby Buoys Bank Profits 20% as FASB May Say Yes ».

Les manipulations à la baisse des cours du marché des matières s’observe particulièrement sur les métaux précieux (or et argent). Les leaders de ce marché savent acheter de gros volumes en lissant les cours de bourse grâce aux futures. Comme exemple, Buffett aurait acheté en octobre 2008 1 million d’once d’argent (un équivalent supérieur aux millions de pièces de 5 francs en Argent frappées dans les années 60 en France) ; tandis que le cours officiel de l’Argent restait stable (cours à -20% depuis janvier 2008 !). Force est d’observer que l’Inde détient parmi les plus fortes réserves d’Argent depuis les années 80.

The main argument of the commentary to be that “four or fewer traders controlling 72.5% or more of either the long side or short side of any regulated commodity futures market is a de facto manipulation.”

on July 29th, 2014 | File Under Uncategorized | No Comments -

Markets rally as world’s central banks infuse cash

Thursday, September 18, 2008 

Stock indexes around the globe reacted favorably after several national banks announced a joint effort to pump more money into the markets.

At 0800 UTC, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the United States Federal Reserve, the Bank of Japan, and the Swiss National Bank jointly announced that they would be working together to provide reciprocal credit arrangements to institutions facing a financial crush from the U.S. dollar. The credit arrangements, also known as “swap lines”, will be used to help short-term funding of smaller loan groups.

Totaling US$180 billion, the Federal Reserve arranged to increase existing swap lines with the European Central Bank from US$55 billion to US$110 billion, and with the Swiss National Bank from US$12 billion to US$27 billion. Additionally, it opened new swap lines with the Bank of Japan for up to US$60 billion, up to US$40 billion with the Bank of England, and up to US$10 billion with the Bank of Canada. These swap lines will be available until January 30, 2009.

In its press release, the Federal Reserve stated, “These measures, together with other actions taken in the last few days by individual central banks, are designed to improve the liquidity conditions in global financial markets. The central banks continue to work together closely and will take appropriate steps to address the ongoing pressures.”

In the first 90 minutes in the American stock markets, the Dow Jones surged nearly 200 points, the NASDAQ was up nearly nine points, and the S&P 500 was up nearly 15 points. Mid-day trading in the European markets saw the UK’s FTSE 100 was up 25 points, the DAX was up over 54 points, and the CAC 40 was up nearly 15 points. While Japan’s Nikkei index closed at a three-year low of 11,489.30 points, and the Hang Seng bottomed out at 16,283.72 points before closing at 17,849.97 points.

The Russian markets continued to remain closed for a third day under orders of the Russian government. Russia announced that it would be infusing their own markets with an additional US$19.7 billion, half of which would come from the federal budget. Russia’s exchanges will re-open on Friday morning.

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Alleged kidney harvester arrested in Nepal

Saturday, February 9, 2008 

Accused kidney racketeer Amit Kumar has been arrested in Nepal at a jungle resort near Chitwan. Police are still seeking suspected co-conspirators, including Kumar’s brother Jeevan Rawat. Nepalese police are holding Kumar under currency laws, charging that he was in possession of large amounts of United States dollars and Euros. Nepal has strict laws about foreign currency.

Kumar, who had become the subject of an international manhunt for allegedly harvesting hundreds of kidneys of poor people in India for transplantation to wealthy clients. He is said to have done so through a mixture of bribes and coercion.

Hotel staff at the resort where he was staying, said that he kept a low profile, but suspicions arose when he was cutting out articles about his own case from print newspapers.

India is seeking extradition, but the fact that Nepalese authorities have added their own charges of illegal organ transplants in on top of the foreign currency possession charges, could delay proceedings.

Meanwhile, Poonam Kumar, who is Amit Kumar’s wife and lives in Brampton, Canada with their two sons, claims that “My husband is innocent… You tell me what human would want to do these things to anyone. My husband didn’t do anything wrong.”

“My husband is not a monster as being portrayed around the world, but a doctor who just wants to help people in need” said the 28-year-old woman. “I have great respect for media but it has pre-judged the issue.” She added that she has not left her home for seven days and is running out of groceries. The boys have not attended school since last week when world media began knocking on her door. “I don’t know what my options are. I don’t know where I’m going to go,” Poonam Kumar said.

Sri Prakash Jaiswal, the Minister for Home Affairs, is not worried about problems with the extradition. “We have very good relations with our neighbour Nepal. These relations go back to centuries. It will not be a problem in extraditing Dr Amit Kumar,” he said.

When asked how Amit Kumar could have crossed the border, Sri Prakash Jaiswal said: “The Indo-Nepal border is porous as we all know. He made use of this. But this does not mean the present condition should continue. We will have to take some measures to control crossing of the border.”

One victim, known as Ranjinder, told Times of India that, “We were shifted from one vehicle to another and were confused about where we were. The Nepali driver promised me the job of a cook at a guesthouse. I was taken to a house where I cooked for the first few days.” He was told that blood tests were necessary to protect the health of the guests at the house. Dalip, another laborer, said, “They told us it was necessary since the foreign guests were prone to infections. There were two men inside the house with pistols.”

Both Ranjinder and Dalip were anasthesised and woke up after their kidneys had been removed.

“Initially they lured the poor with promises of employment. They were then convinced to part with their kidneys and a deal was negotiated,” said a police official.

on July 29th, 2014 | File Under Uncategorized | No Comments -

Tips On How To Rapidly Improve Your Credit Score

By Tim H Lambert

If you’re planning to buy a house or even a car, you’re credit score is a big essential factor. The interest rates that will be offered to you will depend on your three digit number. Lending companies based their offers on your score, the higher the more you save on interest payments. For example, a FICO score of 700 has 0.33% less interest compared to a score of 650. If your mortgage is set at $150,000 for a 30 year period, you can save up to $10,000. Hence, your three digit number can cost or save you thousands of dollars.

In order to get a good credit score, you have to stay by the rules of paying your bills on time, keeping your balances low and preventing from opening too many accounts. The disadvantage is that it takes time to build a good credit history and get a good credit score. What if you are only three points away from saving yourself from thousands of dollars of interest payments? Thus, what you need is a speedy increase in your FICO score. You can achieve that by trying some of the suggestions below.

The first thing to do is to get a copy of your credit report and check it for accuracy. There may be some old debts in it that are still shown and counted for negative ratings. There can also be late payments that are actually paid in time or debts that are shown in outstanding even if they’re not. It can also be debts that appeared in your account but not yours. Even though little, checking for errors may increase your points. This can help you get to the next tier if you’re just a few points away.

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If you still need more points, what you can do next is to pay off your balances and keep them low. This may not be a long term solution but it can increase your score especially if you pay in a short period of time. After this, you have to pay your bills on time to create an impression that you are a good customer. In addition, never close an account with unpaid debts. You will appear to be on the limit of maxing out.

Another good thing to do is to spread your balances on your card accounts. It looks better if you have many cards with low balances than a single card with a high balance and the rest with zero balances. In this way, your card won’t seem to be on the limit of being maxed out. However, it is always best to pay your balances if you have the means to do so. Check for the dates when your creditors send reports to your credit agencies to ensure that you pay your bills on time.

You can also try to get help from a lender who is a customer of a rapid rescoring service. In a rapid rescoring service, you will get an increase in your score after only a few days of checking your accounts. This is advisable to those applying for a loan with a credit score close to the next higher tier. Rapid rescoring is not suitable for those with late payments and accounts in collections.

These are some of the options you can try to speed up your credit score increase. Thus, you are not powerless when it comes to matters involving your credit score.

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Source:

isnare.com

Permanent Link:

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on March 30th, 2014 | File Under Superannuation | No Comments -

Recommended Cruises For People New To Cruising

Submitted by: Chris Everiss

If you re new to cruising and are looking to book your first cruise holiday, read more about our recommended cruises and look forward to a fantastic trip.

New to Cruising? Recommended Cruises for You

If you re new to cruising it can be difficult to choose your first holiday on the open seas. With so many cruise companies, facilities and destinations available, do you take a chance or rely on recommended cruises?

Leading cruise holiday forum cruises.co.uk asked readers on their Facebook site and online forum what cruises they would recommend for first-time cruisers and the following three destinations were mentioned by many respondents.

Caribbean

Cruising around the Caribbean Islands is a dream holiday for many people and one was that was mentioned by a lot of seasoned cruisers.

Rather than visiting all the sun-kissed islands in the region on separate holidays, a cruise around the Caribbean comes highly recommended if you want to see as much of the area and culture as possible.

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Mediterranean

Mediterranean cruises came top of the list for recommended cruise holidays. Many previous passengers cited the familiarity with the currencies and cultures as reasons it was a suitable destination for first-timers.

In addition to the reasons above, the Mediterranean is close to the UK for flights and the time zones are not too different from this country, unlike other parts of the world.

Norwegian Fjords

The Norwegian Fjords were another highly recommended cruise destination. Some of the reasons given were that these cruises provide an opportunity to see places that you may not otherwise have thought of visiting and the scenery is completely unique.

The beautiful, calm waters are also ideal for cruise holiday virgins who may be prone to bouts of sea sickness in rougher conditions.

The importance of tailored cruise recommendations

It s one thing being recommended a cruise by a friend, family member or online forum user but you need to consider what s important to you.

For example, your parents may have gone on a Caribbean cruise and loved it but it may not be suited to your needs and interests.

What considerations do you need to take into account when someone recommends a cruise to you?

Destination

People look for different things from cruise holidays. While one couple may like the idea of exploring romantic Mediterranean cities, another of the same age may just want to relax and soak up the sun in the Caribbean Islands.

Price

Price is obviously a consideration for people booking their first cruise holiday. Even if you ve been recommended a particular cruise company and destination, it s worthwhile doing your research to see if the price quoted really offers the best value.

Facilities

When considering any cruise recommendations you need to do your homework on the facilities available onboard. Does the cruise liner provide what you re looking for or is it lacking a key facility that would adversely affect your holiday?

Cruise duration

If you re a first-time cruiser, the duration of your cruise is something to think long and hard about. Seasoned cruisers may recommend you go on a three week break but if you haven t been on a cruise before it may be better to go on a shorter cruise until you know you like the experience.

The key to a successful first-time cruise is to do as much research as possible. As well as taking opinions on board from family, friends and colleagues, make sure you do your own independent research online to get the right cruise holiday for you.

About the Author: Resources:

facebook.com/cruises.co.uk

thread on there with 23 comments

cruises.co.uk/673-cruises_chat/14651-where_cruise_first.html

Source:

isnare.com

Permanent Link:

isnare.com/?aid=715028&ca=Travel

on February 1st, 2014 | File Under Catering | No Comments -

Xbox 360 1 Red Light

Submitted by: Paulo Buenaventura

-How to solve it guide

So you re back from school or back from work excited to experiment with on you re newly bought COD game. Turned on your Xbox, then boom! A message appears in your screen in four different languages that doesn t make sense? And also at the bottom said Error E 68 , and you see 1 red flashing light from the lower part of the glowing circle thingy in your Xbox. It s an Xbox 360 1 red light! Don t panic! I m here to assist you. Precisely what is the E68 error message all about?

E68: Voltage Error. This error means that the Xbox 360 console has insufficient capacity to function properly. This may be caused by an error in the hard drive or perhaps the fans which will make them suck up too much power, it can also be caused should you have unnecessary accessories connected to the console like an external fan unit. The E68 error message shows that you’ve got a corrupt or failed HDD (Hard drive), giving your Xbox 360 1 red light of doom.

Which means? Which means your Xbox cannot run normally with this particular error hanging obviously. So what is the next step then?

The very first thing you might do is call Microsoft office and schedule a pickup for your Xbox 360, to be repaired right? NO! That s a BIG NO! unless, you desire to spend one hundred bucks for repair right? There is no security of Microsoft fixing this issue too, and not to mention. Your Xbox will leave you for 2-3 weeks, are you sure you want to live apart from your Xbox that long? With this dreaded Xbox 360 1 red light of death makes an Xbox player much like me frustrated! Here it is, you might laugh when you see this list of how to fix your Error E 68 , and I ve gathered this information from my fellow Xbox gamers and myself. Try it! And play with your Xbox inside of 10mins of your time, Make it less than 5mins! To get that Xbox 360 1 red light fixed!

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-First, take your HDD (Hard drive) off.

-Remove all HDD connection.

-Remove unnecessary accessories first.

-Remove USB devices.

-Turn on your Xbox (without the hard drive on).

-Remove the AV cable off.

-Now just blow on the connectors of your HDD, your USB devices, blow air into them using your mouth and just try to clean them with air from your mouth.

-And put them back togethe

-And put the AX cable ON.

-Turn it back ON.

Just follow these simple steps in fixing your E68 error and everything would be okay by now. Well you could always follow your safe way of fixing your Xbox troubles.

You can also check out the Xbox support site which is runned by Microsoft. There are some handy features there if you create an account. You possibly can register your console you will probably find out that your warranty is still there. The repair section of the site is what I don t like, for the reason that whole process just pushes you to buy a new one, Instead of fixing your own Xbox 360 1 red light error.

But still you can call; if you really want your Xbox in good hands . You can use the phone number 1-800-4MY-XBOX. You are going to enter an automated assistance system that is a little bit annoying if you have already figured out your problem. Just say agent anytime and you will be directed to a real, live person. And you don t have to wait any longer for an agent to talk to you.

You need to provide your Xbox 360 serial number and some personal information before you start. They will ask you information about your Xbox error; obviously you don t know that s why you re calling right? They will then give you reference # for your case. Then you send your Xbox baby to them to let them fix your Xbox with their experts , of course you need to pay for the freight. And not to mention the 2-3weeks waiting time, Tedious isn t it? Just try to follow my guide above and try to fix your Xbox 1 red light error, and save this hassle of calling Microsoft along with your time.

About the Author: If you want to get more information on how to get rid of the xbox 360 1 red light problem just go ahead and visit my site at

myxboxblog.com

Source:

isnare.com

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on January 31st, 2014 | File Under Hair | No Comments -

Internet Explorer 7 Overall Outlook

By Jeff Wyrick

While most of you have most likely thought after sometime IE6 was just old, clunky, out of date you will be glad that Internet Explorer 7 is arriving. Why you may ask? Well I can answer that one. Below are a list of newly introduced features / security enhancements to be made in IE7.

Internet Explorer 7′s new features:

RSS Reader – Stay up to date on the most important sites you visit with the new RSS Reader. Keep in touch with new forum post or breaking news right within Internet Explorer.

Anti-Phishing Filter – Have you been a victim of Identity Theft? Internet Explorer 7 now protects you from Phishing (Identity Theft) by blocking known sites to steal your identity. You can report sites as well to be blocked by the Anti-Phishing filter.

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Improved Security – With Internet Explorer 7 ActiveX Controls are disabled by default that were not used in Internet Explorer 6. With this Internet Explorer 7′s security is very much improved.

Tab Browsing – Another welcomed feature that currently is in with Firefox web browser.

Improved Standards Support – Another lacking feature of Internet Explorer 6 is standards support. With the birth of Internet Explorer 7 you have now a much better browser with the very much needed standards support.

Windows Vista IE Security = Just WOW

With the release of Windows Vista due by early 2007 the improved security with Windows Vista and Internet Explorer 7 both combined make a wonder product upgrade. Internet Explorer 7′s protected mode is built upon the user account protection features in Windows Vista. With this new security innovation Internet Explorer now runs with low system rights protecting stuff like things executing like Internet Explorer 6 has been known to do. This will cut the amount of unwanted spyware/adware/malware from even installing by itself simply by visiting a vulnerable website.

Overall Conclusion

Internet Explorer 7 is a much welcomed upgrade over any other previous version. Internet Explorer 7′s security will be as good or better then Mozilla Firefox. And the welcome of Tab Browsing will make users very organized as well. Internet Explorer 7 will for sure take some of the marketshare Firefox stole. Overall though Internet Explorer 7 is as well designed product from Microsoft.

About the Author: I own a software company and run several sites including an

Internet Explorer

site,

Myspace Layouts

and designs site and an

SEO Tools

related site.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=50933&ca=Internet

on January 15th, 2014 | File Under Marketing | No Comments -

Most Companies Will Need Dumpsters For Their Waste

Most Companies Will Need Dumpsters For Their Waste

by

Claire Winters

Trash cans are the key tool when recycling materials or getting rid of unwanted waste. This useful device enables lots of people to correctly eliminate their excess at all times of the day. Finding the best one is especially important and it will improve the disposal system. Fortunately, you’ll find approaches to use a garbage can efficiently. If you begin using them today, you’ll be able to manage the garbage in your life and take care of it appropriately.

In the beginning, you’ll want to choose the proper size and type of garbage can to achieve the best waste management. For example, a larger company will require a lot more than the typical trash can to pitch their waste properly. For this reason, many companies and offices spend money on larger tools like dumpsters that are more effective at handling all kinds of materials – boxes, food, paper, etc. Dumpsters also accommodate large amounts of waste to be discarded without it overflowing, even if lots of people are using it. Along with businesses, individuals also need to choose the best size can. For instance, a small one in a kitchen may fill up too quickly. Instead, they might need one that is larger in size or even multiple cans.

When looking for the can, be sure that it’s made out of the correct materials. It has to be durable and capable of holding all the waste. A thicker plastic might be well suited for your kitchen use, since they are easy to clean. They can easily be washed when food, dirt or other things get on the can. But, not many individuals will choose it for the beauty it offers, because for most of us, plastic isn’t very attractive. For a more attractive purpose, people will choose stainless steel due to the look it provides. Stainless steel can also be more durable compared to standard plastic options.

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Another consideration to make with the trash can is whether or not it needs a lid. For most of us, lids are really a must for the trash can. They are able to alleviate odors which are so common when it comes to the trash. This feature is particularly beneficial with large dumpsters. Furthermore, lids are also recommended to conceal odor and cover up the look of garbage in the kitchen. But, lids are not a requirement for the disposal system to work. You will not require a lid in regards to your bathroom can, since that contains mostly tissues. Because of this, a lid is not necessarily required.

Actually, throwing trash away has to be easy for all relevant parties. Children, for instance, will leave their trash all around the house if there is not a garbage can near by. Also, some public bathrooms make it difficult for individuals to throw away the tissue they use to wipe their hands. Because of this, tissue and other things will end up on the floor, adding up to an even larger mess. To prevent this, bathrooms should have visible areas for waste management that are easily accessible. This can guarantee a clean bathroom and also the efficiency to allow for individuals to correctly throw out their waste.

Lastly, many of the trash cans on the market work hand in hand with trash bags, to help in the proper disposal of the waste. Trash bags will also be helpful for organization. You may then separate your normal waste from items that could be recycled. Also, trash bags make it easy to haul materials to a dumpster. When buying bags for your garbage disposal, it is best to avoid thin plastics that can easily break. You may want to look for trash bags that come with certain ties and handles, for your convenience.

Anyone can find the proper tools for their waste system needs, that’ll be effective and managed with little effort.

You can find a

trash can

in many styles and colors. Go to http://www.trashcansunlimited.com/ for much more information about

Gotta Have It For Less

.

Article Source:

Most Companies Will Need Dumpsters For Their Waste

on November 11th, 2013 | File Under Kitchen Appliances | No Comments -

Coach Factory Stuffed With Traditional Variety Of

Coach Factory stuffed with traditional variety of

by

Floyd Tronnes

Misty connects your ex for my child Starme,Louis Vuitton Outlet along with Brock autos regarding Onyx. Certainly, if you see a darkish recluse spider nipping you will, you\’ll then make certain you currently have without a doubt long been attacked utilizing a red recluse. Such provides could be nearly 4 in . large, and definitely was lacking the equivalent stretching not to mention weight loss outcome of the fact that brings together presently complete.

This is basically the local indicate typically the continental level, no more than Sixteen a long way out there. Clear precious gems must be more costly than these. The manufacturers of the engagement rings have their have websites around on-line by which now you can see all of the pleasing design of they and may also get it online simply because at present shopping is getting tremendously favorite.Bottega Outlet

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Article Source:

ArticleRich.com

on November 9th, 2013 | File Under Off Road Carts | No Comments -

The Importance Of Using A Commercial Mortgage Broker

The Importance of Using a Commercial Mortgage Broker

by

Landon Montgomery

The Real House Market in Arizona, Phoenix while becoming active and alive, has been hit heavily with the sub-prime Home Loan crisis and consequent recession. At the previous moment, even consequently, the market appears to have hit it\’s last place and is coming endorse to a recovery. Even which means that, if you are carrying to view the higher values that the Phoenix Market held simply year back, you will find yourself frustrated.

The most essential statistic, which is the most beneficial indicator of the existing Market conditions inside Phoenix area, is the necessarily mean price of homes traded in your community. The price today is vibrating all over $135, 000 as contradicted to this time last year when it\’s about $207, 000. This exceedingly sharp drop in costs may be the bear on of a backward market. Nowadays prices are just about the most inexpensive Real Estate Prices the place has full-fledged in rather a long time.

At the moment the mean number of days on the market for a property or home in Phoenix is actually 62 days. While this is not very low, not necessarily excessively high either. In fact, the form is much below what the most some other positions hit hard by way of the recession. As a result, although the prices have penetrated out, an alternate sales is however possible available and there is usually some activity on the vendors part in the market. Even so, get no mistake, with the present costs Phoenix, Arizona is however a lot a purchasers sector. Whether you are in the market for an automotive loans, personal loan or maybe a mortgage, being capable to identify a great deal relating to the security interest that you need can take a bit of effort and time.

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Plenty of time that you drop and also the work that you place in detecting just that mortgage or right loan is well worth it, all the identical, as it can save you rather a bit of money and as well come down the stress of paying back what you borrow. Irrespective of whether you are planning on utilizing the cash to Business a family group vacation or if you are purchasing your primary Phoenix Arizona Property, the following proposal will help to assure that people determine the mortgage or loan that\’s ideal for you. Several other types of real estate can perform the types of savings that Phoenix AZ foreclosures can. Since these Buildings are sold-out by loaners at recovery auctions as a technique of assembling debts, they are on a regular basis undersold for just about anywhere between 10% together with 50% off their own real market value.

Purchasing for these types of below Market Values means which you could act around and deal a house directly if you wished to. There is no other better way to build a owning a home with fast collateral.

.

For a lot of people, they have constantly paid their mortgage repayments on time. As the U. S. economy takes it toll using a gloomy outlook on jobs joined with the plague with underwater homes and fallen home prices, many homeowners discover themselves to remain financially squeezed for the first time after experiencing severe losing equity on their homes.

Home owner Brian whose full name remains concealed for privacy reasons, was always in a timely manner with his mortgage payments.

Michael Moore publishes articles articles about his experiences as an experienced mortgage broker for 25 many years. To take an inside look on the huge benefits and pitfalls from this industry you should visit

Phoenix Mortgage Brokers

.

Article Source:

ArticleRich.com

on November 5th, 2013 | File Under Mortgage | No Comments -