Wednesday, November 19, 2008
Thursday, October 30, 2008
Wednesday, October 22, 2008
Monday, October 20, 2008
Pics of the day: http://picasaweb.google.com/xaviercle
Thursday, October 16, 2008
Tuesday, October 14, 2008
Sunday, October 12, 2008
Friday, October 10, 2008
Monday, October 6, 2008
First, there are less people buying houses. On top of a bad economic situation, banks are less likely to lend money now to people who want to buy (I am talking about the banks who are still existing!). So more houses on sale (but not necessarily more supply because some people will have the house on sale sign but will prefer to wait until prices are back up before actually selling the house), so let us consider that the supply is actually almost stable.
Meaning that the prices are actually artificially going down, it is only the price that is written on the house (not the one realized = we are talking about intention of selling). There is actually less demand (because people cannot buy if they cannot borrow) for stable supply (remember the X graph studied in macro), so all in all price are slightly going down for people who can afford buying (not all who want to buy can actually do so). Not sure if that is clear for everyone...
Anyway, second big point... because people cannot buy, they actually tend to rent houses. This means that there are more people willing to rent now than a year ago. Increase in demand and supply more or less stable (some houses for sale might be converted into houses for rent in some area) lead to prices of rent actually being stable or going up (depending on local market pool).
Well that's it for simple micro-macro...
Prices of houses are going down, more people want to buy but they cannot buy because banks are not lending money (ie less demand). They are not lending money because the houses they have as bank guarantee (because they had lent too much money in the past (=sub-prime)) cannot be sold because prices are too low and they prefer to wait...
This also explains why some banks and financial institutions are going bankrupt... they cannot sell the houses they had on guarantee. While the person who borrowed cannot pay back... meaning that the financial institution does not get its money back, neither from the former owner of the house nor from the proceeds of the house. That means that we are screwed! All this because of these institutions who lent money to people who could not afford it... followed by the collapse of the house market bubble in the US...
Thursday, October 2, 2008
Tuesday, September 30, 2008
Monday, September 29, 2008
Friday, September 19, 2008
Tuesday, September 16, 2008
Monday, September 15, 2008
I just want to think about my friends who recently joined the bank and hope that their career will not be too much impacted by this... Hopefully they will keep their jobs... If not, I hope they will find something fast. They are brillant so let's cross fingers for them.
Sunday, September 14, 2008
Wednesday, September 10, 2008
So the next day I went to have a coffee at her place and it was really good seeing her again and catching up after all this time. Nous nous sommes retrouves was the general mutual feeling after Sunday. So yes life is sometimes full of surprises and complex. I was busy with my MBA and Virginie was busy with her work/studies. I did not spend much time in my native region so in the end we did not speak to each other for a long time. I hope that this period is now over and that we will really keep in touch and share some nice moments.
Monday, September 8, 2008
Saturday, September 6, 2008
Thursday, September 4, 2008
So anyway, during the weekend I also had the chance to meet Brian, who is still writing his Japanese guide book... though we did not go to any Japanese restaurant this weekend ! Saturday was awesome. The weather was really great ! So with Vivek we we went to Green Park to enjoy like hundreds of Londoners the nice weather. This was followed by a pizza and a couple of beers in Greenwhich.
Sunday evening, is the time to fly back to Switzerland... My plane was scheduled at 20h30, flying with BA. As I was waiting there, checking the screens, I saw that many planes were announced with delays. So I started to think that the plane I was supposed to take would also have a delay. However, everything seems to work fine. Around 8pm, the gate was announced on the screen and one would not suspect anything wrong...
"For passengers still willing to take the plane, please go to Gate number x, for the other ones please check with the company's desk."
mmm... with all these weird accidents lately (in Madrid and in France), this does not sound extremely good...
Back to our plane, the Stewart says that they still do not know what is going on with our plane, that they have called engineers and that they will board us as soon as they know more about it ! 10 minutes later, we board into the plane... ouf... I actually was not really looking forward to sleep at the airport !
"Sorry for the delay, we had a serious technical issue with the plane. We had to call an engineer since we could not start one of the engines, but now everything seems to be fine and we should be ready to take off shortly."
Whhhaaaaatttttt !!!!!!! You tell me once I am in the plane that you could not start the engine... So now that I cannot get out of the plane I get the news that, actually, one of the two engines of the plane did not seem to work perfectly today... well, I guess I do not have the choice and really have to take this plane now !
Monday, September 1, 2008
-me: mmm, that is interesting this vending machine.
-Vivek: yes, this can only be in England.
-me: Well, in France we have condomns in vending machines, here they have umbrellas !
Saturday, August 23, 2008
Tuesday, August 19, 2008
Friday, August 15, 2008
Sunday, August 10, 2008
Sunday, August 3, 2008
Seattle is not only the city of Microsoft, but also the city where the first Starbucks was created. And yes, I have been there !! It is on the Pike Market... where you can actually see flying fishes ! Unfortunately the day I was there I could not see them. There is also a very nice French restaurant there with an amazing wine card !
After one week in Seattle, I headed south to San Francisco. It was for me the occasion to check the Nappa Valley ! Well, you know that I do love wine and really like visiting vineyards... I even visited one that is called St Clement !
If you go to San Francisco, I advise you to go to the Legion of Honor Museum in the Lincoln Park... If you can avoid taking the bus from the east side of SF and drive there that is also advisable !! Otherwise, the bus ride will probably take you about 45 minutes, assuming it does not stop everywhere ! Anyways, one of the main and most remarkable piece of art there is the thinker from Rodin...
After a week in SF, I ended my trip in New York Fucking City, the capital of the world !!
The 3 cities I have been to were really great, however the most impressive was certainly New York... The city which never sleeps. All these big buildings every where are really impressive. If I had to live in the US one day, NY would certainly be an option for me.
Again there, you can see some French art ! Well, I am not talking about all the paintings that you can find at the Metropolitan Museum of Art, which is by the way the best museum I have been to so far, but I am talking about the Status de la Liberte !! This amazing sculpture was designed by Bartholdi et de Gustave Eiffel, yes the same guy who did our Eiffel tower in Paris ! It was offered to our American friends in 1886. Who said that the French do not like the Americans ??
This was the last step of my trip. I am overall really delighted that I could discover this country... I wish I could have stayed longer. I will probably go back one day since there are other places that I really would like to see (Canyon, Washington, Las Vegas etc.)
That is it for now... My next trip will be in the winter and I plan to go to Asia and see my 4th continent... Still deciding in which cities I should go...
Friday, August 1, 2008
Saturday, May 24, 2008
Just below the roof.
Thursday, May 22, 2008
The glass structure above is one of the pieces that was exposed this day. The big one is made of vases stuck to each other, and the smaller ones at the back are made of glasses. Interesting how it catches the light...
Sunday, May 18, 2008
Yesterday, I found a software which is called VeohTV. To my great surprise, I am able to watch the concert that Metallica gave in 2006 at Rock Am Ring. More than 2 hours of one of the bands that I prefer ! When I started to play the guitar, around the age of 18, I learned to play on Metallica ! So being able to watch this concert is this kind of moment that really gives me a lot of pleasure... I hope that one day I will be able to see them live ! I am such a fan that I even bought a guitar that is the same as Kirk, an ESP Ltd with Skulls !
One of my other favorite guitarists is Slash, therefore I also own a Gibson Les Paul 1960... It is a totally different type of sound, a bit more jazzy to some extent. And I also own a few other guitars, which I am not going to detail here !
Saturday, May 17, 2008
It has this je ne sais quoi of magic. Wandering around the park, while listening to a trumpetist playing international and french successes (!), was such a great and unforgettable moment.
Tuesday, May 13, 2008
So let's start from the beginning. It took me almost one hour to figure out what name I should use. So where does the name of the blog comes from... It actually almost speaks for itself. A tastevin is a special cup that is used in France to taste wine. It was created in the 17th century in Burgundi. Being originally from a family of winegrowers in France, I thought that this was an nice name to use.
As you can see from the picture, the tastevin has lines and circles drawn inside the cup, which are used to observe the color of the wines.