What is a Logbook Loan?
Unforeseen expenses can be very important and urgent, and sometimes you need a certain sum of money to cover it. In the case when your credit history is bad but you own a car (that is fully paid for) you can use logbook loans in order to solve your financial problems. A twenty four hour period will be enough to get such type of loan if you have a car that is free from your financial liabilities (or nearly free, when the loans are nearly completely paid).One of the consequences of the financial crisis was the fact that a lot of people lost their jobs and correspondingly salaries. So they became unable to pay their fast cash loans in time and that is why their credit history is bad, and now this bad credit history do influence negatively to their future loans approval. And nowadays it is more difficult to take a loan from banks or financial institutions possessing bad credit history. But regardless of the credit history such persons can obtain a logbook loan very easy if they are legal owners of cars (that are free of loans) and cover their urgent needs such as unexpected bills, repairs of their apartments, vacations or maybe they need some amount of money to help their small businesses keep stable.
The possible range of logbook loans is within $500 to $50,000. The Annual Percentage Rate (APR) of interest seems to be high and amounts to 437.4% for these type of loans. The maximal term for these loans is 78 weeks. The percentage rate is rather high but you can bring it down if you are able to repay your logbook loan within a shorter period of time. If you are taking a logbook loan that amounts to $1500 the weekly repayment for it is approximately $53.60. So if you are able to cover all the sum of your loan during four weeks the total payment will be $1919.18. But if a period of a logbook loan will be 78 weeks a total payment would be as high as $4180.80 (all interest and fees are included).
fast cash loans, fast loans, cash loans, fast cash
World economic growth in year 2011
According to the information contained in the new report by the IMF’s World Economic Outlook, the world’s GDP at the end of 2010 could grow by 4,2% (January forecast reported 3.9% growth). With regard to this indicator for 2011, compared to January, it has not changed and remains at 4.3%. According to IMF chief economist Olivier Blanchard, a global recession has been avoided, so that a gradual recovery of world economy is present.
Due to the fact that the world economy recovers faster than planned, evaluation of losses of the global financial sector during the crisis was reduced by 533 billion dollars. Initially it was assumed that the cancellation of bank assets amount to about 2.8 trillion, however, economic recovery has reduced that figure to $ 2.28 trillion. Losses of the U.S. banking system decreased from 1.03 trillion to 885 billion dollars. The total score of bank loan losses decreased by 13%.
For developing countries, where the formation of the market only occurs, they have restored after the world crisis quicker. The highest rate of growth is in Asia, where they make up 8.7% in 2010. The highest recovery rate – China, India, Brazil and Mexico. The growth of Chinese economy in 2010 will amount to 10% and in 2011 – 9,9%. The Indian economy will grow in 2010 by 8,8% in 2011 – by 8,4%. Brazil show 5.5% growth in 2010 and 4,1% 0 in 2011, while Mexican GDP will grow by 4,2% in 2010 to 4,5% – in 2011.
The Russian economy will recover faster than expected. Specifically, in 2010 an increase of 4% instead of the planned 3.6% in January. GDP growth in 2011 somewhat slowed down to 3,3% (in January was a figure of 3,4%). However, qualitative growth of the Russian economy will be small – it has been forecasted before.
The U.S. economy compared to European and Japanese will develop more dynamically. In 2010 the U.S. GDP will grow by 3,1% in 2011 – 2,6%. Japan also will add to its GDP 1.9% in 2010, and in 2011 – 2,0%. As for the euro zone, where the pace of economic development leaves much to be desired, not exceeding in 2010 of 1%. Thus, the strongest European economy – German – to grow as a result in 2010 only 1,2%, and in 2011 – by 1,7%. Somewhat better position in the UK from outside the eurozone. They GDP in 2010 could grow by 1,3%, and in 2011 – even at 2,5%.
Source: abforex.ru
Due to the fact that the world economy recovers faster than planned, evaluation of losses of the global financial sector during the crisis was reduced by 533 billion dollars. Initially it was assumed that the cancellation of bank assets amount to about 2.8 trillion, however, economic recovery has reduced that figure to $ 2.28 trillion. Losses of the U.S. banking system decreased from 1.03 trillion to 885 billion dollars. The total score of bank loan losses decreased by 13%.
For developing countries, where the formation of the market only occurs, they have restored after the world crisis quicker. The highest rate of growth is in Asia, where they make up 8.7% in 2010. The highest recovery rate – China, India, Brazil and Mexico. The growth of Chinese economy in 2010 will amount to 10% and in 2011 – 9,9%. The Indian economy will grow in 2010 by 8,8% in 2011 – by 8,4%. Brazil show 5.5% growth in 2010 and 4,1% 0 in 2011, while Mexican GDP will grow by 4,2% in 2010 to 4,5% – in 2011.
The Russian economy will recover faster than expected. Specifically, in 2010 an increase of 4% instead of the planned 3.6% in January. GDP growth in 2011 somewhat slowed down to 3,3% (in January was a figure of 3,4%). However, qualitative growth of the Russian economy will be small – it has been forecasted before.
The U.S. economy compared to European and Japanese will develop more dynamically. In 2010 the U.S. GDP will grow by 3,1% in 2011 – 2,6%. Japan also will add to its GDP 1.9% in 2010, and in 2011 – 2,0%. As for the euro zone, where the pace of economic development leaves much to be desired, not exceeding in 2010 of 1%. Thus, the strongest European economy – German – to grow as a result in 2010 only 1,2%, and in 2011 – by 1,7%. Somewhat better position in the UK from outside the eurozone. They GDP in 2010 could grow by 1,3%, and in 2011 – even at 2,5%.
Source: abforex.ru
China in 2011 will pass the U.S. by industrial production – forecast
China in 2011 will rank first in the world in terms of industrial production, passing the United States. Such a forecast was made by the influential American analytical service HIS Global Insight, said today a British radio BBC.
“Thereby, – notes BBC, – the U.S. will lose this key economic indicator of leadership, which they held for the past 110 years”. In the past, in 2009 the U.S. accounted for 19.9 percent of total world industrial output, China – 18.6 percent, ITAR-TASS.
This year, the gap is reduced to a minimum. And in 2011 China will pass the United States and become the world’s leading industrial power, analysts say.
Source: www.afn.by
“Thereby, – notes BBC, – the U.S. will lose this key economic indicator of leadership, which they held for the past 110 years”. In the past, in 2009 the U.S. accounted for 19.9 percent of total world industrial output, China – 18.6 percent, ITAR-TASS.
This year, the gap is reduced to a minimum. And in 2011 China will pass the United States and become the world’s leading industrial power, analysts say.
Source: www.afn.by
The British economists have lowered GDP growth forecast for 2011 up 2.1%
The Association of British Chambers of Commerce (BCC) lowered its growth forecast for UK GDP in 2011 to 2,1% instead of 2.3%, according to a published report Sunday organizations.
Forecast for 2010 remains at 1.0% after the fourth quarter of 2009, the UK has shown GDP growth 0,3%.
As noted in the message BCC growth really started, but GDP will grow at a much slower pace than in the pre-crisis years.
However, the organization reduced its forecasts for unemployment in 2010 to 2.65 million from 2,7 million. Currently, unemployment in the UK is at the level 2,46 a million people.
“A recession may be purely technical, but for the absolute stability there is still a long way to go,” – said director general of the BCC, David Frost.
Forecasts of the association regarding domestic debt of UK are now at a historically record levels.
BCC expects domestic borrowing increase in 2010-2011 to 165 billion pounds, before in 2011-2012 would reduce them to 147 billion. The official forecast of the Treasury of the United Kingdom for 2009-2010, voiced in December 2009 in pre-budget report, is 178 billion, in 2010-2011 – 176 billion pounds.
Source: www.rian.ru
Forecast for 2010 remains at 1.0% after the fourth quarter of 2009, the UK has shown GDP growth 0,3%.
As noted in the message BCC growth really started, but GDP will grow at a much slower pace than in the pre-crisis years.
However, the organization reduced its forecasts for unemployment in 2010 to 2.65 million from 2,7 million. Currently, unemployment in the UK is at the level 2,46 a million people.
“A recession may be purely technical, but for the absolute stability there is still a long way to go,” – said director general of the BCC, David Frost.
Forecasts of the association regarding domestic debt of UK are now at a historically record levels.
BCC expects domestic borrowing increase in 2010-2011 to 165 billion pounds, before in 2011-2012 would reduce them to 147 billion. The official forecast of the Treasury of the United Kingdom for 2009-2010, voiced in December 2009 in pre-budget report, is 178 billion, in 2010-2011 – 176 billion pounds.
Source: www.rian.ru
World Car Market forecast for 2011
World car market will start recovering in 2010-2011
The world market for passenger cars and light trucks in 2010-2011 will begin to stabilize. The first increase will show China and the U.S., followed by brisk and other countries. But the car market in Europe and Japan is waiting for stagnation and decline, a forecast made by experts Moody’s .
Gainers
This time will be the time of automakers in China and the U.S.. In 2009, sales of automobiles in China even exceeded forecasts of agency – they increased by 48% to 12.96 million vehicles. Due to the growing GDP and a low level of motorization in China, demand for cars continues to grow, according to experts’ expectations by 10% per year. This year, sales of cars in China must make 14.25 million in 2011 – 15.7 million.
The U.S. market, which, in 2009 gave way to the title of world’s largest auto market to China, gradually slowed down its fall, according to Moody’s. Experts say that 2009 became the lowest point for the U.S. market: sales of cars rolled down from a peak of 17.5 million units in 2005 to 10.4 million units in 2009.
Afterwards
After the number of drivers in China and the U.S. will grow, everything will recover and the markets of other countries, except Europe. Even in Japan, sales of cars will increase by 3% to 4.7 million units in 2010. In Russia, the demand for cars also grows at 5%, according to Moody’s. However, Russian analysts are quite contradictory in their forecasts. In the Automobile Manufacturers Committee of the Association of European business it is expected to maintain sales levels of 2009 – 1.46 million vehicles. In 2010, the state has promised to continue subsidizing car loans under the program, as well as from March 8 to begin recycling grant awards for the purchase of new machines. However, the full force of the program will earn only the second half of the year and then expected a slight revival of sales machine.
Europe is waiting for the fall
The only disappointing outlook Moody `s has for Europe. In 2009, many European markets, despite the crisis, showed sales growth. However, such a high demand was achieved mainly due to state program through which an old car was passed to the scrap and people received bonuses for buying a new one. But this year the scope of this program in most countries stopped, so the market in 2010 will fall by 15% to 12.68 million cars.
Source: www.rb.ru
The world market for passenger cars and light trucks in 2010-2011 will begin to stabilize. The first increase will show China and the U.S., followed by brisk and other countries. But the car market in Europe and Japan is waiting for stagnation and decline, a forecast made by experts Moody’s .
Gainers
This time will be the time of automakers in China and the U.S.. In 2009, sales of automobiles in China even exceeded forecasts of agency – they increased by 48% to 12.96 million vehicles. Due to the growing GDP and a low level of motorization in China, demand for cars continues to grow, according to experts’ expectations by 10% per year. This year, sales of cars in China must make 14.25 million in 2011 – 15.7 million.
The U.S. market, which, in 2009 gave way to the title of world’s largest auto market to China, gradually slowed down its fall, according to Moody’s. Experts say that 2009 became the lowest point for the U.S. market: sales of cars rolled down from a peak of 17.5 million units in 2005 to 10.4 million units in 2009.
Afterwards
After the number of drivers in China and the U.S. will grow, everything will recover and the markets of other countries, except Europe. Even in Japan, sales of cars will increase by 3% to 4.7 million units in 2010. In Russia, the demand for cars also grows at 5%, according to Moody’s. However, Russian analysts are quite contradictory in their forecasts. In the Automobile Manufacturers Committee of the Association of European business it is expected to maintain sales levels of 2009 – 1.46 million vehicles. In 2010, the state has promised to continue subsidizing car loans under the program, as well as from March 8 to begin recycling grant awards for the purchase of new machines. However, the full force of the program will earn only the second half of the year and then expected a slight revival of sales machine.
Europe is waiting for the fall
The only disappointing outlook Moody `s has for Europe. In 2009, many European markets, despite the crisis, showed sales growth. However, such a high demand was achieved mainly due to state program through which an old car was passed to the scrap and people received bonuses for buying a new one. But this year the scope of this program in most countries stopped, so the market in 2010 will fall by 15% to 12.68 million cars.
Source: www.rb.ru
Euro/dollar forecast for the 2010-2011 year
Euro/dollar forecast for 2011 is difficult to make. Analysts disagree on this issue. But most of them believe that the dollar this year will significantly strengthen its position in comparison with the Euro-currency.
They predict that the ratio of the euro against the dollar in the middle of next year will fall to $ 1.19, because The European Central Bank will be forced to keep a record low interest rates. This is due to prolonged financial crisis in Greece and the problems of public debt in the euro zone as a whole.
Leading American banks and the British consulting companies are confident that by the end of summer 2010 courses will range from $ 1.28 to $ 1.62 per euro.
Source: thismoney.ru
They predict that the ratio of the euro against the dollar in the middle of next year will fall to $ 1.19, because The European Central Bank will be forced to keep a record low interest rates. This is due to prolonged financial crisis in Greece and the problems of public debt in the euro zone as a whole.
Leading American banks and the British consulting companies are confident that by the end of summer 2010 courses will range from $ 1.28 to $ 1.62 per euro.
Source: thismoney.ru
Bank of Japan has improved its inflation forecast for 2011
Bank of Japan on Friday, improved estimates of inflation for the following fiscal year, thus confirming that deflation will end later this year.
According to the press release issued securities, consumer prices in 2011 fiscal year, ending March 31, 2012, will grow by 0,1%, in the January forecast of lower prices by 0,2%. Forecast for the current financial year remained unchanged – deflation for the year will amount to 0,5%.
Despite the increase in the inflation forecast, the experts expect that the Bank of Japan will remain the only major central banks of the world, the continued weakening of monetary policy.
Recalling Japan’s GDP this year, the Central Bank expects it to grow by 1,8%. In addition, the Bank of Japan has narrowed the boundary of GDP growth and slightly degrade its median forecast for the next fiscal year: it is assumed that the economy will grow by 2-2,2% (median forecast – 2%), whereas in January the Central Bank said that raising the on 1,7-2,4% (median forecast – 2.1%).
Source: Korrespondent.net
According to the press release issued securities, consumer prices in 2011 fiscal year, ending March 31, 2012, will grow by 0,1%, in the January forecast of lower prices by 0,2%. Forecast for the current financial year remained unchanged – deflation for the year will amount to 0,5%.
Despite the increase in the inflation forecast, the experts expect that the Bank of Japan will remain the only major central banks of the world, the continued weakening of monetary policy.
Recalling Japan’s GDP this year, the Central Bank expects it to grow by 1,8%. In addition, the Bank of Japan has narrowed the boundary of GDP growth and slightly degrade its median forecast for the next fiscal year: it is assumed that the economy will grow by 2-2,2% (median forecast – 2%), whereas in January the Central Bank said that raising the on 1,7-2,4% (median forecast – 2.1%).
Source: Korrespondent.net
Market. American economists have lowered the growth forecast for 2011
American economists in March raised the forecast of economic growth in 2010, but reduced the forecast for 2011, the results of a survey published on Wednesday in the newsletter Blue Chip Economic show.
Economists expect that next year’s GDP will grow by 3.0 per cent. This assessment by 0,1 percentage points is lower than a month ago.
But analysts increased their forecast of economic growth in 2010 and it was the third consecutive month – up by 3.1 per cent, a 0.1 percentage points higher compared with the estimate of February.
Nonetheless, economists are predicting that recovery will be weak, given the depth of the recession.
Analysts believe stocks will continue to influence the rate of GDP over the next few quarters, but the size of this participation will gradually decrease.
“By the first quarter of 2011 stocks in business contribution to GDP growth, are expected to be insignificant,” – the study says.
Interviewees also predicted “a slower and less powerful than usual, improving labor market conditions that would limit the increase in net personal income and expenses for personal consumption”
Source: www.forexprognoz.info
Economists expect that next year’s GDP will grow by 3.0 per cent. This assessment by 0,1 percentage points is lower than a month ago.
But analysts increased their forecast of economic growth in 2010 and it was the third consecutive month – up by 3.1 per cent, a 0.1 percentage points higher compared with the estimate of February.
Nonetheless, economists are predicting that recovery will be weak, given the depth of the recession.
Analysts believe stocks will continue to influence the rate of GDP over the next few quarters, but the size of this participation will gradually decrease.
“By the first quarter of 2011 stocks in business contribution to GDP growth, are expected to be insignificant,” – the study says.
Interviewees also predicted “a slower and less powerful than usual, improving labor market conditions that would limit the increase in net personal income and expenses for personal consumption”
Source: www.forexprognoz.info
Expectations for the euro zone economic growth in 2010-2011
Western analysts doubt the fast reconstruction of the euro zone in the near future, despite the positive results, which demonstrated the economy of this region for the first quarter of 2010. According to Statistics Agency European Commission – Eurostat, in the first quarter euro-zone economy compared to the previous quarter grew by 0.2 percent. Growth in the region compared to the first quarter of 2009 amounted to 0.5 per cent.
According to the forecasts of one of Britain’s leading consulting firms for Economic Research, Capital Economics, the euro-zone economic growth will amount to one percent this year, then slow down to 0,5 per cent in the year 2011.
“Despite the fact that in the present recovery is gathering pace, we expect that the tightening of fiscal policy will lead to a slowdown in eurozone economic growth by the end of the year” – said by e-mail Trend Capital Economics economist Ben May in Europe (Ben May).
According to forecasts Capital Economics, the second and third quarters, the GDP growth of the eurozone will be 0.4 percent in the fourth quarter – 0.2 percent.
The most optimistic forecasts are IMF, the growth in GDP will amount to one percent of the eurozone in 2010 and 1,5 per cent in 2011. Earlier, the IMF forecast for 2010 economic growth in the region at 0.8 percent. Economy of the developing European countries will increase, projected at 3,3 and 3,4 per cent in 2010 and 2011, respectively.
The European Commission forecasts economic growth of the euro zone for 2010 at 0.9 per cent against 0.7 per cent forecasted by it earlier. In 2011, the region’s economy is projected to grow by 1.5 percent.
According to forecasts Organization of Petroleum Exporting Countries, eurozone GDP will grow this year by 0.6 percent. Earlier, OPEC predicted the growth region at 0.7 percent. According to the report of OPEC, the debt crisis of the euro area has shown how fragile the recovery of the region. Despite some encouraging signs, future eurozone economic situation, mainly will depend on the outcome of the debt crisis, which, in turn, will maintain growth in the region at a relatively low level.
Forecasts for economic growth in the euro zone for the 2010-2011 year (in%)
Source: ru.trend.az
According to the forecasts of one of Britain’s leading consulting firms for Economic Research, Capital Economics, the euro-zone economic growth will amount to one percent this year, then slow down to 0,5 per cent in the year 2011.
“Despite the fact that in the present recovery is gathering pace, we expect that the tightening of fiscal policy will lead to a slowdown in eurozone economic growth by the end of the year” – said by e-mail Trend Capital Economics economist Ben May in Europe (Ben May).
According to forecasts Capital Economics, the second and third quarters, the GDP growth of the eurozone will be 0.4 percent in the fourth quarter – 0.2 percent.
The most optimistic forecasts are IMF, the growth in GDP will amount to one percent of the eurozone in 2010 and 1,5 per cent in 2011. Earlier, the IMF forecast for 2010 economic growth in the region at 0.8 percent. Economy of the developing European countries will increase, projected at 3,3 and 3,4 per cent in 2010 and 2011, respectively.
The European Commission forecasts economic growth of the euro zone for 2010 at 0.9 per cent against 0.7 per cent forecasted by it earlier. In 2011, the region’s economy is projected to grow by 1.5 percent.
According to forecasts Organization of Petroleum Exporting Countries, eurozone GDP will grow this year by 0.6 percent. Earlier, OPEC predicted the growth region at 0.7 percent. According to the report of OPEC, the debt crisis of the euro area has shown how fragile the recovery of the region. Despite some encouraging signs, future eurozone economic situation, mainly will depend on the outcome of the debt crisis, which, in turn, will maintain growth in the region at a relatively low level.
Forecasts for economic growth in the euro zone for the 2010-2011 year (in%)
Source: ru.trend.az
Forecast: Housing prices will drop by the end of 2011
Reduction in house prices is possible at the end of 2011 and during 2012.
The statement was made by the chairman of the Ukrainian Construction Association Lion Partskhaladze during a press conference dedicated to supporting initiatives by the Cabinet on the exemption from value added of construction work for construction of housing.
“Since the bill to abolish VAT on construction can start from 1 January (2011 year), respectively, lower prices will be on those objects, which will be built during this period and the effect we will achieve in 2012 with their commissioning in best – in late 2011 “- he said.
According to Partskhaladze, abolition of VAT on building work will reduce the cost of housing by 7-8%.
According to the vice-president of the Construction Chamber of Stanislav Stashevsky, the Government’s initiative to free the allocation of land to developers for housing and concord simplification of procedures and other measures that would reduce housing costs by 30-40%.
During the press conference Partskhaladze on behalf of Ukrainian Construction Association and the Construction Chamber has asked parliament to support the initiative of the Cabinet of Ministers for exemption from value added tax of construction work in the construction of housing.
Recall that the Ministry of Regional Development and Construction in favor of free distribution of land to developers for building affordable housing.
As previously reported, the abolition of VAT on housing, according to the President of JSC Holding Company Kyivmiskbud (Kiev) Vasily Mozhara lead to greater demand for residential squares of 30%.
Source: Korrespondent.net
The statement was made by the chairman of the Ukrainian Construction Association Lion Partskhaladze during a press conference dedicated to supporting initiatives by the Cabinet on the exemption from value added of construction work for construction of housing.
“Since the bill to abolish VAT on construction can start from 1 January (2011 year), respectively, lower prices will be on those objects, which will be built during this period and the effect we will achieve in 2012 with their commissioning in best – in late 2011 “- he said.
According to Partskhaladze, abolition of VAT on building work will reduce the cost of housing by 7-8%.
According to the vice-president of the Construction Chamber of Stanislav Stashevsky, the Government’s initiative to free the allocation of land to developers for housing and concord simplification of procedures and other measures that would reduce housing costs by 30-40%.
During the press conference Partskhaladze on behalf of Ukrainian Construction Association and the Construction Chamber has asked parliament to support the initiative of the Cabinet of Ministers for exemption from value added tax of construction work in the construction of housing.
Recall that the Ministry of Regional Development and Construction in favor of free distribution of land to developers for building affordable housing.
As previously reported, the abolition of VAT on housing, according to the President of JSC Holding Company Kyivmiskbud (Kiev) Vasily Mozhara lead to greater demand for residential squares of 30%.
Source: Korrespondent.net
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