Thus, in May the price of these products increased 11 percent in terms inter-monthly, being the price of oil, which reported the biggest monthly rise (27.3%), followed by soybean (increases of 13%) and wheat (12%).In the new upward path of agricultural products not only influences the recovery of petroleum, but that they also play some conjunctural factors such as bad weather conditions (drought, lack of humidity and low temperatures) that were recorded in the main producing areas of the world and the return of the speculation at the hands of the investment funds.End of the bullish rally: investors have begun to feel the vertigo of height and to question the State of solvency of the companies.(given the high indebtedness of the same as they exceed in some cases 200% in relation to its added value in 2009). As well, the companies listed on the Spanish stock exchanges they would have a few commitments of 276.532 million euros, (which is 3.1 times the profit that will get this exercise) and it is expected that it will lower the percentage of business results that relate to dividends as well as the number of companies that will share the same.Possible stock market crash in the last quarter of 2009: the continuation of the instability of the financial system will make financial institutions need more capital requirements (estimating more than 850,000 $ million), due to the existence of toxic assets that must be purchased by the bad banks (bad banks) or continue with the trickle of Bank interventionspractices that in both cases represent a loss of free competition. and that could exacerbate the risk of stagnation of the economic crisis in the United States.Likewise, the rise in interest rates by the FED, ECB and other central banks for the second half of 2009 would not disposable (between 0.5 and 1 point) motivated by the fact that differentials in profitability between the emission of public debt among the various countries of the first world have increased in recent months, (which entails a more expensive and more difficult to obtain external financing) and the risk of a possible scenario of deflation caused by the severe contraction of domestic consumption caused by the collapse of prices of oil and basic foodstuffs during 2008 and first quarter of the rise 2009.DichIt would have an immediate impact on mortgages and bank loans, consequent economic suffocation of broad social layers and a dramatic increase in delinquencies and foreclosures of homes and commercial premises and coupled with the rebound in crude oil prices could lead to episodes of stagflation and produce a new stock market crash..
