1.00 USD = 1,792.11 COP

DodgerDogs says on Apr 9, 2008, 09:10:

How much lower ?

Our lives begin to end the day we become silent about things that matter.Martin Luther King:

Frank Rizzo says on Apr 9, 2008, 09:16:

WOW .......!!

jonas says on Apr 9, 2008, 09:18:

cool! Can you spell recession?

What I have, I do not want to lose, but Where I am I do not want to stay, but those I love, I do not want to leave, but those I know I no longer want to see, but Where I die, I do not want to go;I want to stay where I have never been

Simon says on Apr 9, 2008, 09:53:

Way to go Peso!!!

"You want to talk to God? Let's go see him together, I've got nothing better to do."---Indiana Jones (Raiders of the Lost Ark)

rocinante says on Apr 9, 2008, 10:17:

Can you spell - prosperity, political stability, economic promise, globalization, interest rate yield differential?

Howabout a little credit to Colombia for bettering things? Just because the economy of the US is pretty crappy doesn't mean that the USD/PESO relationship so solely based on the US economy.

The USD/COP is leveling off to where it should be and the US economy in the mini crapper just helps it get there faster. There will be pockets of support when the US has some good news but the real value between the two currencies is headed to where it should be.

"World economic indicators point to a democrat winning 2008. It will surely be Obama. Peso 1400 by November" Feb 5, 2008

Ctg Bound says on Apr 9, 2008, 10:27:

rocinante,

I just noticed your tag line.

Do you mean "Peso 1400 by November" Feb 5, 2009".....?

Its a simple question, nothing more, don't read things into that aren't there, like certain other members of this site.

rocinante says on Apr 9, 2008, 10:35:

CTG - I'm mellow....

I mean by the Nov election 2008. After that I see the peso back to 1500 maybe 1600 by end of third quarter 2009 - just because of economic promise in the US and because of interest rates, US, on the up. But over the next 5 years I believe the currency value between the two countries will level off in the 1200 range.

"World economic indicators point to a democrat winning 2008. It will surely be Obama. Peso 1400 by November" Feb 5, 2008

elk says on Apr 9, 2008, 10:42:

We may be looking back at the 1,800 COP to the dollar exchange rate as the "good old days".
I will start looking for another place to live when and if it reaches 1,000 COP to the dollar. The current exchange rate of 1,800 still provides a better standard of living compared to Costa Rica or Boquete, Panama.

Medellin: (at the current exchange rate of 1,800 COP)

Nice three bedroom apartment $511 USD
Breakfast this morning $2.75 (eggs, beans and rice with arepa..including coffee)
Broadband internet $15.00 (with a download speed of 4,500 to 5,500 Kbps with private company)
Utilities per month $55.00 USD
Telephone and cable television with premium channels $52.00
Administration fee of $65.00

I admit prices were even better at 2,600 COP when I arrived, but Medellin is still a bargain.

morphus says on Apr 9, 2008, 10:44:

I don't care as long as it does'nt go below 1000.

Ctg Bound says on Apr 9, 2008, 10:50:

elk,

It will take a long while to reach 1,000 pesos to the dollar, it at all, I don't think it will in this cycle, or get anywhere near it.

If it does get there in this cycle the US is in seriouse trouble and prices in Panama and Costa Rica might well be very differant then.

Your broadband costs are a special deal and most people are not going to get, a more realsitic figure in general for broadband is three times the amount.

morphus says on Apr 9, 2008, 10:54:

If it gets to 1000 you guys will be up in the hillside barrio with Medellin_Traveller....Hur Hur!

elk says on Apr 9, 2008, 11:01:

Your correct Ctg Bound, my internet broadband connection is a deal. I understand they will be selling the same service to others not living in my particular Torre. (At least that is the plan)

I agree the exchange rate may never reach the 1,000 COP mark which means I'm not likely to leave Medellin. (sorry)

rocinante says on Apr 9, 2008, 11:07:

elk you can stay and no one will be disapointed

"World economic indicators point to a democrat winning 2008. It will surely be Obama. Peso 1400 by November" Feb 5, 2008

Ctg Bound says on Apr 9, 2008, 11:08:

elk,

No need to be sorry, I rarely see your ugly ass anyway as you never seem to leave your apt anymore...!

morphus says on Apr 9, 2008, 11:08:

You can start a business there and make money from within.

rocinante says on Apr 9, 2008, 11:25:

Rent 515.000
Gas Luz Agua 55.000
Cable, Web (2MB up, 1 MB down), Linea Fija 189.000
Coomeva Prepago Gold 175.000 56.000 EPS

That's a million pesos a month for everything, super fast internet, best medical coverage (minus the ambulance service). That's USD$1,250 a month with an exchange rate of 800COP to the dollar. My threshold is COP500 to the USD and by the time it hits that I will be retired and earning mostly COP so it won't matter.

No one has to leave the country if they:

Buy their residence (outside of estrato 5/6), cut their bills and standard of living and maybe increase their income slightly every year to compete with inflation. Fixed rate anuities are good to have in your portfolio if your income is going to go in the shitter later on in life.....

Oh and find a low maintennence wife who doesn't treat you like a walking ATM.

"World economic indicators point to a democrat winning 2008. It will surely be Obama. Peso 1400 by November" Feb 5, 2008

Rubito says on Apr 9, 2008, 11:25:

I think it will reach 1000, but by that time I will be not only making money there but I'll have money invested there.

---Violence is the price of freedom.---

rocinante says on Apr 9, 2008, 11:31:

The FX rate has been less than 1000COP before. Why not again? Why not now in this cycle, now that Escobar is gone, the economy and politics are on the up and up, unemployment (OK not the best indicator) is the lowest it has ever been and is stable AND inflation in Colombia is low low low?

Globalization is creating a levelling off on this planet. The world is getting smaller. We may have to just get used to it.

The US economy would have to SKYROCKET and Colombia would have to resort back to the days of Escobar, zero confidence in Colombia the "murder capital of the world" for the USD to ever see north of 2100COP.

Realize when I pontificate about the COP/USD I am not anti US pro Colombia. I'm just taking into account the big picture and tossing out most technical analysis in my quantitative analysis.

"World economic indicators point to a democrat winning 2008. It will surely be Obama. Peso 1400 by November" Feb 5, 2008

wendell13 says on Apr 9, 2008, 11:43:

You really should look at the banco de republica site for accurate information on exchange rates and inflation rates. It goes back to 1954 with monthly data

I wouldn't say that Colombia has a low low low inflation rate

Go to the site for accurate information

nine inch nails says on Apr 9, 2008, 12:19:

Is because the price of oil rocketed up to $112/barril for FIRST TIME EVER today and when the price of oil goes up so does the dollar and consequently its' value versus the COP and most other world currencies.

"Bank owned" (www.foreclosurebyowner.com)

Saltador says on Apr 9, 2008, 13:29:

Dollar fighting back this afternoon:
eltiempo.com=1812
bancoderepublica=1812
bloomberg=1799
xe.com=1796

I'm sure whichever is the lowest is the most accurate. At least on PBH.

gringoloid says on Apr 9, 2008, 13:56:

salt..............i'm looking at 1,792.500 on my vista gadget at 4PM. this is really cute.

Frank Rizzo says on Apr 9, 2008, 14:08:

I tried looking up the exchange rate...but couldn't see my screen...as my eyes were filled with tears.....!!

Waterdawg says on Apr 9, 2008, 14:56:

I must be the only one on this board that will state that if the Peso drops down to 1000 , Colombia is Toast !

tomtom33 says on Apr 9, 2008, 15:09:

The US is far from done. I doubt that any of us will live to see that day. The phoenix will rise.

But I never would have guessed that COP would drop below 1800. Shows how ignorant I am. Makes me damn glad that I have invested here. Dumb luck is nice.

DodgerDogs says on Apr 9, 2008, 15:10:

Obama is too much like Jimmy Carter , if he Obama wins then watch the dollar drop even further.
Israel is scared Obama might win , and the Arabs are praying he does.

http://israelmatzav.blogspot.com/2008/01/barack-obama-black-jimmy-cart...

http://www.newsvine.com/_news/2008/04/03/1408655-carter-hints-at-suppo...

Our lives begin to end the day we become silent about things that matter.Martin Luther King:

gringoloid says on Apr 9, 2008, 15:22:

markanthony...........it may be time to hit the futures market.................

gringoloid says on Apr 9, 2008, 15:25:

waterdawg..............i'll jump into that boat with you!

i can deal with a strong peso for a few months.....................but years? no way.

gringoloid says on Apr 9, 2008, 15:31:

i just got off the phone with my broker in atlanta and he showed me how i can control 2500 ounces of silver on margin. i really think you may get more of a bang off the silver than the gold.

i always thought the futures market was too risky for me and i never once became involved in my life.............just plain wasn't interested. i certainly don't recommend this to anyone though.

gringoloid says on Apr 9, 2008, 15:37:

mark...........your gut is screaming the truth..............the FED is printing $5.4 billion a day in a fiat money.................probably just a computer entry..................but my god, what a mess.

gringoloid says on Apr 9, 2008, 15:41:

if i may ask, is that ETF a derivative? or does the etf own the actual silver?

well, cheney just made 3000% on his halliburton options. i say do what cheney is doing.

:)

DodgerDogs says on Apr 9, 2008, 15:46:

i say do what cheney is doing. ?????

Our lives begin to end the day we become silent about things that matter.Martin Luther King:

lampltr says on Apr 9, 2008, 15:55:

Shit, talk about crying guys...being on a contract (Pd in USD) in Europe and paying out normal expenses, and my friends desire me to visit them in the U.K. jaja, the euro is bad enough...I am getting close to eating rice and ramien noodles. I too am happy to have invested in CO before hand.

Frank Rizzo says on Apr 9, 2008, 16:14:

I agree Waterdawg....if the exchange gets even close to 1000....their exports will go through the floor...

Saltador says on Apr 9, 2008, 16:38:

Be careful with gold. Historically, as an asset class, gold sucks bigtime.
Can you make money in it? Sure.
Just be aware of the risk.

gringoloid says on Apr 9, 2008, 17:37:

mark, you're ok with that, they do own the underlying silver.

gringoloid says on Apr 9, 2008, 18:06:

yea, you did good with that..............but i think we are ready for some trading.

silver goes down at the end of each quarter .....for some reason i don't know.

this drop at the end of march was just like clockwork.

some bad news is needed to kick up the prices again;

so if you were to take it from $17 and ounce, back to $20 and ounce, on 2500 ounces; 50% margin......you would wind up with about $3750. minus taxes and transaction costs.

KD says on Apr 9, 2008, 19:09:

Despite the fact that I think the dollar will continue to weaken, I'm a strong believer of a fourth quarter dollar recovery. The Fed’s interest rate cuts should have their effect on the markets in the second half of the year at a time when the cracks that we're already seeing in the Eurozone economy become craters. The ECB will find themselves behind the curve, rushing to cut interest rates while the Fed winds down their own rate cuts. The tables will turn in favor of the dollar and that's when I expect a more meaningful dollar recovery.

KD says on Apr 9, 2008, 19:13:

Before the dollar manages to recover, more damage will be done. Japanese corporates are particularly hard hit, and I think Canadian and European companies will be as well. The Nikkei is already down significantly since the beginning of the year as Japanese companies are hit by the triple whammy of weaker sales, higher material costs, a quickly appreciating currency.

According to the Tankan report, we're well below the break-even point for Japanese corporations. Toyota Motor Corp for example said the weak dollar cut fourth quarter profit by $194 million. Yamaha Motor Co. also said they expect net profit to drop by 17 percent this year because of dollar/yen weakness. Expect more pain to be felt, which means bigger losses for all major foreign exporters.

gringoloid says on Apr 9, 2008, 19:23:

i sit here all day on the forex trying to put it together on that currency trading.........looks a lot like gambling and i'm a fundamentals buy versus technicals.

why not buy the yuan?

i have some friends swearing by this yuan play, but let me give you my take.

The point being that the yuan is severely undervalued, maybe by 40%. So the rumor is that china will float its currency and your going make a quick 50% on your money.

they are totally export driven people...a lot of their products made by chinese workers are for foreign companies and actually have no market in china at all.

I can't imagine why they would float the yuan; it would be a disaster, a total fokkn disaster for their economy

another problem is the 3 trillion in dollars that theyr'e sitting on. I don't know, what if they pegged the yuan to the euro? I wish I knew more about the currencies myself.

i think a person with no experience in currencies, would be better off trading gold.

robi666 says on Apr 9, 2008, 19:58:

Tom:
"But I never would have guessed that COP would drop below 1800. Shows how ignorant I am. Makes me damn glad that I have invested here. Dumb luck is nice."

That has nothing to do with luck.
You live here, so you just played defense, Tom. And so I did.
I am old school... a brick is a brick and I don't know what the dollar will do tomorrow. :)

If I have to, I will bet on the US and the dollar any day of my life. But I don't like to bet.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

RAAAY says on Apr 9, 2008, 20:56:

Robi............betting on the US...???????


......April 5 (Bloomberg) -- The jump in March bankruptcy filings is another indication the U.S. economy is in recession, led by states where the housing boom turned to bust.

The more than 90,000 bankruptcy filings in March were the highest since insolvency laws became more restrictive in October 2005, according to statistics compiled from court records by Jupiter eSources LLC. At a daily rate, filings in March were 30 percent above the pace in 2007.

Rising bankruptcies, together with mounting foreclosures and fewer jobs, are further signs the biggest housing slump in a generation is hurting consumers and businesses. Federal Reserve Chairman Ben S. Bernanke this week for the first time acknowledged the economy may be facing a recession and vowed to act to cushion the slowdown...........




.

.........Its useless to argue with ignorance

robi666 says on Apr 10, 2008, 06:11:

USA is a great country and Americans are the smartest people of the world. Why did they get up there?
Just wait a few years and actual problems will be solved.
It is a matter of time, not if.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

morphus says on Apr 10, 2008, 06:26:

Except for a few places, most of the U.S. is like the movie "Deliverance".

RAAAY says on Apr 10, 2008, 07:31:

robi666 says on Thursday April 10th, 2008 6:11:

..........." Americans are the smartest people of the world."

You have never been to the US..........and If I did'nt already know that........I'd have been able to guess.........

.

.........Its useless to argue with ignorance

robi666 says on Apr 10, 2008, 07:34:

Well, smartest in developing business. There are many kind of smartness...
Why do you hate Americans so much and say that they are all dumb people? After all is where you made your money, ungrateful Irish guy.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

Saltador says on Apr 10, 2008, 07:40:

Agree with Robi.
As I've stated, people on here seem to think that the US will just sit on their hands while the dollar just free-falls into oblivion.
These things all seem to move in cycles, and there will be a reversion to the mean.

gringoloid says on Apr 10, 2008, 07:57:

Americans are no different than anyone else, I'm an american........from Croatia, (Yugoslavia). Raaay is from Ireland.

Everybody in the U.S. is from somewhere else, including indians from siberia eons ago.

Americans have just been given the opportunity to rely on themselves, think for themselves, individual responsiblility, individual innovation, capitalism, etc. Up until the 1960s, that is, when an insidious group of leftists began a cultural revolution.

Raaay, would you have had the same opportunity to create that big business you had in new york...........in Ireland?

In my case, if I stayed in Croacia, I would now be a broke ass modefoquer.

RAAAY says on Apr 10, 2008, 08:40:

Gringoloid...there are more millionaires in Ireland per head of capita than in the US. Making a lot of money there is a lot easier than in the US.............

If we think that there is a lot of red tape and interferience in Colombia....try spending some time in the US.......Shit....I called 411 yesterday trying to get a phone number.......30 minutes later I was almost going to throw the phone out the window.....

Yes.Robi...you are correct. Americans are very smart...............some of them..........all the smart one could be squeezed into a bus.

.

.........Its useless to argue with ignorance

RAAAY says on Apr 10, 2008, 08:40:

weeeeeeeeeeeeeeeeeeee......................

.........Its useless to argue with ignorance

RAAAY says on Apr 10, 2008, 08:45:

Salt.......... " people on here seem to think that the US will just sit on their hands while the dollar just free-falls into oblivion."

The weak dollar is having a huge impact on the US exports. Right now, it is almost impossible to get container space out of the US.................


.

.........Its useless to argue with ignorance

RAAAY says on Apr 10, 2008, 08:47:

Smart Americans..................I watching a video now..............long story...............anyway, this guy was just asked..." who is the President of the US ".......answer........" ahhh......ummmm......ahhh.......George Clinton "


.

.........Its useless to argue with ignorance

RAAAY says on Apr 10, 2008, 08:49:

Yesterday I passed a gathering of American Mensa members. Every member of Mensa in the US was there. The meeting, which was held in a telephone box, seemed to be very sucessfull.

.

.........Its useless to argue with ignorance

RAAAY says on Apr 10, 2008, 08:49:

weeeeeeeeeeeeeeeeee.........

.........Its useless to argue with ignorance

RAAAY says on Apr 10, 2008, 08:53:

The National Italian Mensa, annual general convention, is usually held in March. All the members of Italian Mensa, get on a two seater bike and go for a plate of pasta.


.

.........Its useless to argue with ignorance

kat1 (Moderator) says on Apr 10, 2008, 08:58:

weeeeeeeeeeeeeeeeeeeeeeeeee


right?

robi666 says on Apr 10, 2008, 08:59:

A good plate pasta, I hope. :)

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

durito says on Apr 10, 2008, 09:02:

1,400 and costs here will be 3x what they are in ecuador. Guess i'm moving to Ecuador.

gringoloid says on Apr 10, 2008, 09:03:

Raay......many of those millionaires in ireland are old families that already started with money......these kinds of people that had money and connections handed to them have nothing to do with my point.

some are lottery winners..........

of course the hugely popular 'riverdance' producers..........a huge talent that a small amount of people are born with. barbara streisand was born with a voice that enables her to make $22 million in an evening.

I'd like to see the list to determine who had what handed to them.

what percentage of the current irish millionaires started off with absolutely nothing, no connections, unable to speak the language, like me, ........and then became millionaires?

I'm sure there there, but it would surprise me if it was more than a small fraction.

What percentage of your net worth when you left NY for Colombia was made in the states?

http://www.irishpost.co.uk/news/story/?trs=eykfausn

RAAAY says on Apr 10, 2008, 09:38:

Actualyy Gringoloid, you are wrong.......WRONG....WRONG.......hee hee...............

Seriously though, the biggest part of the millionaires in Ireland are all new. It has also led to a new found arrogance, amonst a lot of Irish people. There is a subtle difference, between confidance and arrogance.........I believe they have become very arrogant with all the new found wealth.

It is not old money. Twenty years ago you could have gathered every millionaire in the country into a big car. This is not an exagaration(sp).

New York was good to me and to a lot of others. Being back in the States for a little time makes me wonder what the fuck I am doing in Colombia. I've come on a real nice business for sale in Central Coast CA............Trucking industry............which is dying a f**kin death here...........but it looks interesting........any idea what Central Coast is like..........never been there, but something about the name makes it sound nice.


.

.........Its useless to argue with ignorance

robi666 says on Apr 10, 2008, 09:57:

"makes me wonder what the fuck I am doing in Colombia"
Same thought here... apart from annoying people, what are you doing?

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

gringoloid says on Apr 10, 2008, 10:43:

plus we talk billioniares..............not millionaires.

raay.............i want to tell you one thing about that trucking business in CA. , or anywhere else for that matter.

I did trucking, taxis, limos throughout the 80s, in new york city and chicago.

cost of fuel: a disaster.

gringoloid says on Apr 10, 2008, 10:49:

raay, when you say central coast, do you mean like Pismo Beach, San Luis Obispo................or one of those other towns?

beautiful, beautiful country there.

Rubito says on Apr 10, 2008, 10:55:

I wouldn't touch trucking in the USA with a ten-foot pole. It's for all intents and purposes a subsidized industry, and the well is gonna run dry soon.

By the way GL when you hear from GIB next tell him to contact me for instructions on paying my 200k that he owes me since the Euro and the USD are nowhere NEAR each other and April 1st has come and gone :)

---Violence is the price of freedom.---

RAAAY says on Apr 10, 2008, 11:13:

Gringoloid.........Yes, that is the area.

And yes, this industry is going through a very , very hard time. Freight fees have not caught up with the costs of fuel. That is why so many are going out of business and there are some serious bargins out there for someone that might want to buy a small company.

The outfit I am looking at has six realitively new trucks and 10 trailers. Been in business 10 years with a good customer base.The fuel costs are killing them, but if they did'nt have such big payments on equipment they would be fine, and making very good money.

.

.........Its useless to argue with ignorance

gringoloid says on Apr 10, 2008, 11:16:

Rubito............him and i have that same disagreement all the time. Him and I are 180 degrees polarized on the dollar and the euro.

But so far, you and I called it exactly on the euro.

but i'm afraid my friend that it is the peso that bothers me.

1:15 PM my windows gadget says 1,787.500

RAAAY says on Apr 10, 2008, 11:19:

I can't understand why you folks are surprised at the Peso.

Did'nt I tell all of you last August what was going to happen. Oh, ye of little faith.

.

.........Its useless to argue with ignorance

durito says on Apr 10, 2008, 11:30:

1,000 to $1

so, a double cheeseburger, fries, and coke at el corral will cost $20
a dorm room in a hostel, $20-25
a set lunch, $5-6
a medium pizza, $30
a ride on the metro $1.40
taxi from airport into medellin $45
a 1,000 square foot poblado apartment, $200,000

yea, that seems reasonable.

gringoloid says on Apr 10, 2008, 11:31:

in my case, i'm not surprised..................i'm sick.

almost everything is in dollars for me.

RAAAY says on Apr 10, 2008, 11:33:

Dollar bills are still good for lighting cigarettes with.........

.

.........Its useless to argue with ignorance

gringoloid says on Apr 10, 2008, 11:36:

raay............it's tough to get drivers for those vehicles too. if its just local.....that's one thing.

but if it is long haul.............the drivers have to stay out on the highway for maybe weeks at a time. they hate that kind of life.

but i want to tell you.............that is arguably the most beautiful part of the 48 states. clear blue sunny skies...........no humidity..............sparsely populated............no traffic.............laid back people...............the great outdoors.............

raay, you're making me homesick.

Rubito says on Apr 10, 2008, 11:37:

I can't believe you didn't get out of the USD already man!

Fortunately I have one more little bit of cash to send down this month and then THATS IT! Talk about just getting out of the way of the 8 ball!

---Violence is the price of freedom.---

gringoloid says on Apr 10, 2008, 11:38:

I forgot to tell you about Big Sur...............where all those group sex institutes are.

gringoloid says on Apr 10, 2008, 11:42:

I had no choice.................my home only closed escrow yesterday........I thought it would be easily sold last summer.

you have no idea how hard it is to open accounts from colombia. it's been two months and i'm still waiting for my etrade and everbank account to open.

DodgerDogs says on Apr 10, 2008, 13:05:

Live rates at 2008.04.10 20:03:20 UTC
1.00 USD = 1,788.00 COP
United States Dollars Colombia Pesos
1 USD = 1,788.00 COP 1 COP = 0.000559284 USD

Our lives begin to end the day we become silent about things that matter.Martin Luther King:

Frank Rizzo says on Apr 11, 2008, 06:40:

Believe me Markanthony....i completely understand what you're saying.....and agree !!

tomtom33 says on Apr 11, 2008, 06:53:

You can jump ship if you like. The US has a lot of problems. But, compared to other countries, they aren't all that bad. I am keeping the majority of my assets in the US stock market and US real estate. And I don't see that changing any time soon, if ever.

Frank Rizzo says on Apr 11, 2008, 07:05:

I agree with Markanthony about the loss of our country and culture.....though i'm not jumping ship on the US.......i've got property in colombia...but for sure, at least my lifetime...my banking and majority assets will be held in the US......

RAAAY says on Apr 11, 2008, 07:06:

Yes Tom, I would imagine that the US will survive. But there is pain being suffered by so many at the moment. This will continue, and get worse, before it gets better.

The vast numbers of people, currently being affected by this downturn ,is staggering. Housing foreclosure numbers are huge. Bankruptcies have gone through the roof, to the point that they are clogging the whole system.

And, it has'nt even taken a proper hold yet. There are going to be greater problems in the US in the coming months. I imagine the stock market will hold up, as so many of the large companies are getting good numbers from overseas sales. But, the real estate ? It would appear, it has a ways to go yet, before it reaches bottom.

.

.........Its useless to argue with ignorance

gringoloid says on Apr 11, 2008, 07:11:

This economic stimulus package should take things up to the election. But printing more money is what started this mess in the first place. $5.4 billion a day in more fiat.

It can't go on like that forever..............you're seeing the effects on the commodity prices now.............................and i think stagflation is much worse than a recession.

sometime next year or the year after it will have to correct. and if there is some phony baloney act that lands the u.s. in Iran.............it will really correct.

RAAAY says on Apr 11, 2008, 07:19:

One of the measures, attached to the new bill in the Senate, is to give a $7000 tax credit to anyone that buys a foreclosed property. They did'nt like that bit. By the time this thing gets out of the House, it will be interesting to see what they have in mind.

As it is now, real estate agencies, run bus trips around foreclosed properties in Florida. One real estate agent can show thirty properties, to a bus full of people in one day. These friggin bus loads are zooming all over the place. And " buyers " are still holding off.


.

.........Its useless to argue with ignorance

gringoloid says on Apr 11, 2008, 07:51:

hey ray..........i'm going to wait until after the crash late next year...........get on a foreclosure bus in Maui, and maybe pick something like this up for a song.

http://www.fabulous-homes.com/villa.aspx?villa=107565

RAAAY says on Apr 11, 2008, 07:54:

Looks good.................

I'm told that, the property I sold in Florida last July, is now worth $600,000 less than what they paid me for it. Ouch.

Timing in life is everything.


.

.........Its useless to argue with ignorance

Frank Rizzo says on Apr 11, 2008, 08:44:

GL..georgeous home..!!..i'd not wait for Maui to crash.....wrong island., way too much money there...these people are beyond recession...... but Oahu for sure....

robi666 says on Apr 11, 2008, 08:53:

Gosh... gl, who put a photo of my finca on the Internet without my permission?

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

gringoloid says on Apr 11, 2008, 09:51:

there was actually a better one there that i was looking for but it most have either been sold or is now off the rental market. i was just kidding about all this.

i can deal with the north or east of oahu, but i don't want anything to do with waikiki.

my favorite is also not maui............my wallet would stare back at me with disbelief...........i like kuwaii

Frank Rizzo says on Apr 11, 2008, 10:00:

Hi GL.....i hear ya.....great deals to be had on Oahu right now...the good thing..is that it's been in a strong decline since 1990.....(the peak).... so its already been at the bottom for some time...

tomtom33 says on Apr 11, 2008, 10:24:

I don't know much about real estate booms and busts. I have a home in Madison, WI, unemployment rate of 3.5% and holding. This particular area is fairly recession-proof with a lot of government, university, and big insurance employment. My guess is that my condo there is worth about the same as I paid for it nearly 2 years ago.

gringoloid says on Apr 11, 2008, 10:28:

i didn't know that.........................and I've been waiting for something like this...............not really to buy in that sense but to take a timeshare off of some poor souls hands.

i'm going to check all this out on the sites that sell timeshares for people trying to get out.

but i may check ebay today and take a look at some of the foreclosed homes Ray is talking about.

Rubito says on Apr 11, 2008, 10:42:

What is meant by "getting out of the dollar" is not holding any USD or anything dependent on its value. I'm buying gear for the recording studio this year, trying to pay off the condo as rapidly as possible, and if we have any spare money we're putting it into something agricultural in Colombia. NONE of it will stay in the US. Not one red penny. We'll see in a year or two where everybody is at.

---Violence is the price of freedom.---

tomtom33 says on Apr 11, 2008, 10:45:

Don't put all your eggs in one basket.

Rubito says on Apr 11, 2008, 10:55:

I'm not in the same league as you guys financially but if i do well in a year or two I will also invest in Nigeria, Brazil, maybe India. ZERO in the US.

---Violence is the price of freedom.---

tomtom33 says on Apr 11, 2008, 10:58:

Fair enough.

durito says on Apr 11, 2008, 11:01:

Peru and Chile's gov'ts both intervened to stop their currencies from appreciating today.

Chile Peso Falls Most Since 1992 as Central Bank to Buy Dollars

By Andrea Jaramillo

April 11 (Bloomberg) -- Chile's peso tumbled the most since May 1992 after the central bank said it will buy dollars to slow a five-year currency rally that has eroded exporters' profits.

The peso sank 3.8 percent to 450.37 per dollar at 11:08 a.m. New York time, from 434.05 yesterday. It earlier tumbled as much as 4.5 percent.

Banco Central de Chile said late yesterday it will buy $8 billion in currency markets this year, purchasing as much as $50 million a day starting next week. The move will raise foreign reserves by more than 40 percent, the bank said in a statement.

``The central bank is serious about stemming the peso's appreciation; that's a lot of money,'' said Benito Berber, a strategist at RBS Greenwich Capital Markets in Greenwich, Connecticut.

The 4 percentage-point difference between the Chilean and U.S. benchmark rates, along with gains in copper, the country's biggest export, has fueled the rally in the peso, cutting into the profit margins of manufacturing and agriculture companies.

``While commodity prices remain strong, we should see the peso remain pretty stable,'' Berber said. ``The peso will begin a weakening trend'' if copper prices decline.

Berber forecasts the peso will weaken to 475 per dollar by year-end.

The yield on Chile's 6 percent bonds due in March 2017 was little changed at 6.55 percent, according to HSBC Chile.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1 at bloomberg.net

Peru's Sol Drops After Central Bank Raises Reserve Requirement

By Andrea Jaramillo

April 11 (Bloomberg) -- Peru's sol had its biggest decline in almost six years after the central bank tripled the reserve requirement on foreigners' deposits in local banks to curb capital inflows.

The sol dropped 1.1 percent to 2.7448 per dollar at 1:22 p.m. New York time. It earlier dropped as much as 2.3 percent. The sol is still up 21.5 percent over the past two years, buoyed by a rally in the price of its commodity exports.

``Foreign banks were taking advantage of the sol's appreciation by taking out term deposits with local banks,'' said Gonzalo Navarro, head currency trader at Banco Santander SA in Lima. The reserve requirement increase ``takes away that incentive and we'll probably start seeing dollars leave Peru as a result of this in the next few weeks.''

The central bank late yesterday raised the reserve requirement on non-residents' bank accounts to 120 percent from 40 percent. The money will be held in the central bank and won't earn interest.

``It's important that we gradually limit capital inflows,'' central bank General Manager Renzo Rossini said in a conference call from Lima today. ``There's a quantity of liquidity floating around the world looking for investments with a rate of return, and they've found it in the currency market.''

The central bank last night also raised its key lending rate a quarter percentage-point to 5.50 percent in a bid to slow consumer demand and bring the annual inflation rate down from a nine-year high. The increase surprised all except two of the 12 economists surveyed by Bloomberg. The rest predicted the bank would leave the rate at 5.25 percent.

`Better Communicate'

``The central bank should strive to better communicate its views on inflation to the market, as the authorities had gone to great lengths to indicate they weren't going to raise the rate,'' said Boris Segura, an economist at Morgan Stanley in New York. ``This might signal the bank is concerned it's falling behind the curve in controlling inflation.''

The decline in the sol was the biggest since July 31, 2002, when mounting concern Brazil would default on its debts dragged currencies down throughout the region.

The yield on Peru's 8.6 percent sol-denominated bonds due in August 2017 was little changed at 6.53 percent, according to Citibank Peru. The price fell 0.01 centimo to 114.35 centimos per sol.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1 at bloomberg.net

gringoloid says on Apr 11, 2008, 11:23:

Frank..........i'm glad you reminded me of this...............these time shares are going to be going for a song. I once had a friend of mine that was willing to sign the place in hawaii over to me just to get her out of the contract.

I've just been checking on the time share sites and people paid basically 30 grand on up if they bought new and now they're asking 7 grand.

I know you could offer 2-3 grand for these things and they would gladly take it.

i would only buy in hawaii as they have the most demand and it would be the easiest to sell. but here is one in the caribbean: (don't believe the asking price)

http://www.sellmytimesharenow.com/timeshares/index/content/details/AdN...

Frank Rizzo says on Apr 11, 2008, 11:35:

ahhh...sorry GL...i mis-understood....no i'm not talking about time sharing....i've got places there.

robi666 says on Apr 11, 2008, 12:20:

I am thinking about selling all my Euro assets and buy dollars, in the next months.
So, you all may think that I am crazy.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

tomtom33 says on Apr 11, 2008, 12:57:

That might be a good idea, Robi. Many are saying that the sky is falling. Just like no one can call the top, no one can call the bottom.

I am happy with my split between Colombia and the US and don't really plan to change much.

Tinto (Moderator) says on Apr 11, 2008, 13:01:

I'm thinking about selling all my U.S. assets and going into the garbage-hauling business in Naples, Italy.

tomtom33 says on Apr 11, 2008, 13:12:

Maybe you and Robi can work out a trade.

Tinto (Moderator) says on Apr 11, 2008, 13:17:

There ya' go! Perfect! And if the garbage business doesn't work out, Italy is sure to be in the market for another President so maybe I can do that for a while.

;-)

gringoloid says on Apr 11, 2008, 13:23:

here is a sample of the performance of a pbher's portfolio over the past year:

Silver: up 28.86%
Gold: up 36.91%
bearx up 12.94%
vgpmx up 35.64%
vipsx up 15.24%

how about the cowards posting their portfolios?

RAAAY says on Apr 11, 2008, 13:26:

Tinto says on Friday April 11th, 2008 13:01:

.." I'm thinking about selling all my U.S. assets and going into the garbage-hauling business in Naples, Italy."


That sounds like a good idea.............there's a lot of garbage in Italy............the people are garbage.......the country is garbage........their women are garbage, with hairy armpits,.....
.............loads of garbage in Italy.........


.

.........Its useless to argue with ignorance

durito says on Apr 11, 2008, 13:46:

Booms (and the bubbles that follow them) typically go like this:

1) Everyone is skeptical, a few smart investors are in making money
2) More smart people get in, fundamentals are solid and gains justified
3) Everyone tells you to get in (taxi drivers buying nasdaq 1999, everyone and their brother trying to flip real estate 2005) -- at this point the guys in #1 are cashing out and moving on
4) Bubble bursts, lots of people left holding the bag -- but plenty made off with their cash.

I don't think it's going to happen right away, but the dollar will in fact come back, especially vs other developed countries currencies.

gringoloid says on Apr 11, 2008, 14:00:

durito............a lot of people here say we're at #3 on this. the taxi drivers getting into gold right now.

from what i see, not many people own gold right now...............try it yourself.....ask all your friends if they own more than say, 5 grand worth of gold bullion.

i think you'll find very few people that you know, own gold.

Rubito says on Apr 11, 2008, 14:22:

I see it as we are in denial over just how bad the problem is. I'm not calling a top OR a bottom, although I have done both in the past and walked away from it. I'm saying this is a FALSE BOTTOM and we have a long ways to go yet.

If the US dollar is tanking like THIS and OPEC hasn't abandoned the USD yet even, imagine what will happen when it does!

---Violence is the price of freedom.---

tomtom33 says on Apr 11, 2008, 14:26:

You don't think that the price of oil reflects the value of the dollar? I don't think it really matters whether the Euro or Dollar or Yuan is used.

gringoloid says on Apr 11, 2008, 14:32:

what will happen to the demand for dollars if oil is denominated is euros,or yuan?

gringoloid says on Apr 11, 2008, 14:34:

i don't think it is up, or down, or sideways, or crashed, or what ever you have.

like bruce lee says below................water can rise............it can crash............

this interview guided my life..............you just 'adjust.'...

Frank Rizzo says on Apr 11, 2008, 15:19:

The dollar standard on oil is essential for the US economy. Essential...

jonas says on Apr 11, 2008, 15:22:

durito says:"I don't think it's going to happen right away, but the dollar will in fact come back, especially vs other developed countries currencies."

Now can you give us a logical reason why the dollar should be gaining so much strength again?

I believe it is just wishful thinking. All the reasons why I got into commodities are still intact, very much so. You go through a bubble or two, maybe lose, and then everything you see going up you scream: bubble alert, get out! ??? I try to make my investment decisions looking more at the fundamentals.

What I have, I do not want to lose, but Where I am I do not want to stay, but those I love, I do not want to leave, but those I know I no longer want to see, but Where I die, I do not want to go;I want to stay where I have never been

durito says on Apr 11, 2008, 15:25:

"durito............a lot of people here say we're at #3 on this. the taxi drivers getting into gold right now.

from what i see, not many people own gold right now...............try it yourself.....ask all your friends if they own more than say, 5 grand worth of gold bullion.

i think you'll find very few people that you know, own gold."

Many of the gringos I know in Colombia are telling me to buy lots and lots of gold (someone told me to put all my money in gold). In the states, I'd say hardly anyone i know owns any gold.

I'm not sure where it will go, but I'm hardly interested in putting a large amount of my limited money (still quite young) in anyone investment -- especially one that has followed past booms with 20 years periods of stagnation. Still, it probably for sure beats putting all of one's assets in a third world economy.

The US economy may have a ways to fall and it certainly has some issues -- but it isn't going to collapse overnight. That's probably not going to happen in Colombia either, but it has happened plenty in the past in Latin America and it will certainly happen again somewhere.

gringoloid says on Apr 11, 2008, 15:35:

no, don't put large amounts of your portfolio in any one investment.

during the great depression, 75% of the people still had jobs..................that word 'collapse' gets thrown around alot ............i think many of our descriptions mean different things to different people. like for me, strong correction and depression are basically the same thing. i don't think anyone is saying this means the end of the world.

Rubito says on Apr 11, 2008, 15:57:

It has happened plenty in Latin America but NOT in Colombia.

And there is NO such thing as the "third world" anymore. That term has been obsolete for a long time now. The main differences economically between a place like Colombia and a place like the US are no longer concrete but largely perceptual, and we can see that perception changing before our eyes.

And it's not IF oil stops being denominated in USD... it's WHEN! You can take THAT to the bank.

---Violence is the price of freedom.---

Frank Rizzo says on Apr 11, 2008, 16:02:

If you're right Rubito.....that could mean complete economic collapse. Real, real bad..

Rubito says on Apr 11, 2008, 16:25:

Yup. And I'm voting with my feet too. Like I said, real estate, cows and pigs!

---Violence is the price of freedom.---

gringoloid says on Apr 11, 2008, 16:30:

you know before anyone tries to smear us.............Dr Paul Samuelson, nobel prize winner in economics, al so says the same thing, that there will be a run on the dollar.

I extend an invitation to Man T for the Chrismas holidays of 2010 to meet him in a bar in Toronto where I will buy him a drink with the best scotch in house...................and pay for it in Amero's!!!!!

goin_south says on Apr 11, 2008, 16:42:

roci: "After that I see the peso back to 1500"



Okay,.. Swaminante!

why can't the freakin Chung King Chinese just LEAVE THE FREAKN DOLLY LLAMA and Tibet ... ALONE!

goin_south says on Apr 11, 2008, 16:43:

Rrrrrrubito: "I think it will reach 1000, but by that time I will be not only making money there but I'll have money invested there."

Si!, But,... will you be LIVING THERE?

why can't the freakin Chung King Chinese just LEAVE THE FREAKN DOLLY LLAMA and Tibet ... ALONE!

Rubito says on Apr 11, 2008, 16:45:

If i stay there that long, then yes. Looks like I almost certainly will. What the hell does this have to do with the topic now?

---Violence is the price of freedom.---

tomtom33 says on Apr 11, 2008, 17:01:

My guess is that nothing will happen to the dollar if OPEC changes its pricing. You don't need dollars to pay the bill. That is just a way to price. My ticker currently shows 1791 COP to the dollar. If I pay 1791 COP, I get a dollar's worth of oil.

durito says on Apr 11, 2008, 17:16:

currency movements are not as easy to predict as amateur economists would think

G-7 Sets Aggressive Tone
On the Sagging Dollar
By MICHAEL M. PHILLIPS
April 12, 2008

WASHINGTON -- The world's major economic powers issued a warning to financial markets Friday that they won't sit by and watch the dollar continue to slide against other big currencies.
[Dollar]

In a highly unusual move, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and their counterparts from the Group of Seven nations said in a statement: "Since our last meeting, there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability."

Their words, though mild at first glance, mark a departure from the communiques the officials issued after previous G-7 meetings and appear intended to demonstrate the group's desire to put a floor under the falling dollar. Currency traders scrutinize the wording of official pronouncements for the tiniest changes in inflection. By those standards, Friday's communique was blunt, even though the group stopped short of using official money to buy up dollars and push the currency upward.


"The thought is that statements today could signal policy changes tomorrow, and traders might act on that," said Matthew Slaughter, a former member of the White House Council of Economic Advisers and economist at Dartmouth's Tuck School of Business.

The risk, however, is that markets could reverse course and bet against the dollar if the G-7 nations fail to take steps to boost the currency, such as raising U.S. interest rates, lowering European interest rates or intervening directly in the markets.

European and Canadian officials had been pressing for months for relief from their strong currencies, which make their goods and services relatively less attractive compared with overseas competition, especially China.

Joaquín Almunia, European commissioner for economic and monetary policy, said Friday in Washington, before the G-7 officials met, that the combination of big U.S. trade deficits and big Asian trade surpluses could prompt a further sharp decline in the dollar and rise in the euro. That "could disproportionately impact our economy," he said.

G-7 finance ministers meet in Washington, where they are set to release a statement, noting U.S. weakness without using the word "recession."

Luxembourg Prime Minister Jean-Claude Juncker, chairman of the 15 euro-zone finance ministers, raised European concerns about the dollar's weakness during a private meeting this week with President Bush, according to Mr. Juncker's office. The White House declined to describe the discussion.

Mr. Bush said last month he "absolutely" would like to see a stronger dollar. By indicating he thought markets had undervalued the dollar, Mr. Bush went far beyond previous administration comments on currencies.

The dollar's slide puts Mr. Paulson in a tough spot. Its weakness has made U.S. goods and services more competitive overseas, one of the few bright spots in an economy that many analysts already believe to be in recession. Rising exports have helped stop the rapid expansion of the U.S. trade gap.

On the other hand, the dollar's weakness may be pushing up oil prices and contributing to domestic inflationary pressures. A precipitous fall in the dollar might spark a vicious circle of rising interest rates and slower growth as foreign investors pull their money out of dollar investments.

"A key tenet of the whole strategy has been a focus on market-determined exchange rates," said Massachusetts Institute of Technology economist Kristin Forbes, a former adviser to Mr. Bush. "It's a very fine line to say now that we don't trust the markets; we want officials to determine exchange rates."

The dollar has been in a fairly steady decline since 2002, although it hit its peak against the euro -- 82.7 cents per euro -- on Oct. 25, 2000. A euro bought $1.5828 at Friday's 4 p.m. close, marking a 15% fall in the dollar's value against the common currency during the past year and a 7.8% slide since Dec. 31. Likewise, the dollar is down 15% against the yen during the past year and 9.5% since the end of 2007. Measured against the currencies of 17 U.S. trading partners, the dollar is down 9.8% from a year ago.

The International Monetary Fund, in a report issued this past week, said that the dollar's 25% inflation-adjusted decline since 2002 is "one of the largest dollar depreciation episodes" since the early 1970s.

The G-7 also reiterated its demand that Beijing allow the yuan to rise, although the officials said they welcomed "China's decision to increase the flexibility of its currency."

The G-7 includes the U.S., the United Kingdom, France, Germany, Italy, Canada and Japan.

Rubito says on Apr 11, 2008, 17:18:

In other words, they say one thing and DO another.

---Violence is the price of freedom.---

gringoloid says on Apr 11, 2008, 17:31:

durito, what do you expect them to say in an election year?

are they stopping the fiat printing presses? nooooo

are they raising interest rates? noooo

are they selling off gold to keep the farce going? yyesssss

gringoloid says on Apr 11, 2008, 17:49:

what really kills me is that George Bush has just 2% of his assets in american stocks.

Dick Cheney has 71% of portfolio in foreign stocks.

Cheney also has a huge $25 million in just one bond fund based on euros.

these two sure have jumped ship.

durito says on Apr 11, 2008, 17:53:

i'm not expecting them to do anything, just pointing out what they are saying. i' believe us markets are in a long term secular bear market (like 1966-1982 was) that started in 2000 and that there will be a point still quite a few years down the road where the return in US equities is near 0.

Perhaps, Bush isn't quite as dumb as I think he is.

BillBigD says on Apr 11, 2008, 20:25:

TOMTOM-Many agree with you that if the price of oil switched to Euro's the price would go down.
Cheney-Those stats you showed the other days were dated 2006. Doubt with HAL stock performance that is still the case.

gringoloid says on Apr 11, 2008, 21:18:

cheney's portfolio is a matter of public record.........he has to divulge any changes. he has not made any changes, and why should he? his portfolio makes good money today...................i know, i'm piggybacking his portfolio.

BillBigD says on Apr 11, 2008, 21:30:

Gringoloid-They are just estimates! Just like the estimates H. Clinton gives now since she is running for office.

gringoloid says on Apr 11, 2008, 21:55:

it's a range of an estimate..............like 2%-4%, etc.

but that's not the point; every single one of those investments are against the dollar and and will do well with high inflation.

don't get me wrong, i'm happy as hell today..........the market took a big hit and take a look at what vipsx did. the dividends from this fund are awesome also.

thank you dick 'deficits don't matter' cheney, ....you lyin modefoquer

goin_south says on Apr 11, 2008, 22:20:

well, well... we'll see what all the smooth sooth sayers know next week. I got this line in an email from a particular sort of agent who had this to say:

"The USD is going down the next week, so I recommend you to buy the tickets next Monday and not tomorrow."

And, to be honest... I really didn't understand 'all the conversions' that are implied with this one sentence. (remember, only playing with a "half duck", and now... no duck atoll)... maybe some of you "Muy Intelligentes" can interpret this for me. If the dollar is 'goin_down next week,... why is this person recommending me to WAIT until Monday to buy??? rather than buying tomorrow?

This is from someone I know and have known and who is usually looking out for my best interests.

why can't the freakin Chung King Chinese just LEAVE THE FREAKN DOLLY LLAMA and Tibet ... ALONE!

Ctg Bound says on Apr 12, 2008, 05:01:

robi666,

Switching Euros to dollars will make sense soon, probably not yet though, when the Euro was floating around 0.85-0.88 to the dollar in late 2001 early 2002, I recomended to friends to sell dollars and move into Euros.

I thought that the dollar would drop to 1.40-160 to the Euro, where it is now, but it might well fall a bit further.

But the time to switch from Euros to US dollars is coming soon, although I am not calling that just yet.

gringoloid says on Apr 12, 2008, 05:11:

If The Duck is flying north for the summer I would pay with credit cards.

The Duck likes to pay cash for things but in terms of airline tickets, who knows what's going to happen with the fuel problems.

Ctg Bound says on Apr 12, 2008, 05:14:

jonas,

The Euro is overvalued against the Dollar, the only reason it has gone up so much is that it is a free floating currency, the Asian currencies should have appreciated far more against the dollar than the Euro, but they are held in check by their governments interventions.

The US might have some problems at the moment, but they will be sorted and the US will move on, before that happens the dollar will start to gain against the Euro at least.

Countries (mostly developing) that have large hard commodity exports & well run agricultural sector, I think will carry on with their appreciating currencies, China & India even if they slow down, will carry on sucking in the above for quite a few years yet.

Ctg Bound says on Apr 12, 2008, 05:19:

durito,

I would disagree, for the major economies I find currency movements are easy to predict, you have to ignore all the rubbish people talk and look at the fundamentals of the economy, trade balances etc.

Take a view, don't change it to each new news article, then sit back with some patience.

Ctg Bound says on Apr 12, 2008, 05:23:

Oil quoted in dollars.

I don't think it would make any differance what product the currency is quoted in.

OPEC are using dollar weaknes as a cover story, nothing more, they can't come out and honestly say we want a barrel of oil as high as possible to make as much money as possible.

gringoloid says on Apr 12, 2008, 05:41:

GS...........i think you're referring to me.................i don't see how that travel agent can make a prediction like that; nobody except the big boys can make a fairly accurate prediction, maybe, and they're not talking.

If he is correct, then it's a lucky guess as far as I'm concerned.

Nothing goes straight up or straight down..............there is going to be huge volatility for quite sometime.

BillBigD says on Apr 12, 2008, 05:58:

vipsx- Wow so it was up in a down market. Up $2 in two years. Great investment. You can make $2 in a stock in one day.

gringoloid says on Apr 12, 2008, 06:48:

Quote: "vipsx- Wow so it was up in a down market. Up $2 in two years. Great investment. You can make $2 in a stock in one day."

this is why I think I'm wasting my time here;/Edited/ now I see why we lose some many professional type posters, ...... like Gator and G5.

I realize that i have an advantage having been an investment banker on wall street, a certified financial planner, and possess an mba, but when i see something like the above comment along with the comments from biggest dumbass on this site......, it's unforgivable.

VIPSX is an income fund and not a stock fund. It's income is derived from inflation protected bonds and for the past year it has returned 15.24%. (You're not smart enough to interpret that number).

I lay my portfolio right out for every one to see it..............cowards won't. Now I see why you and Ctg /DELETED/have so much trouble with my statements, neither one of you know the difference between a stock or a bond.

why don't you put me on ignore? it's very simple and then you won't have to be worried about being enlightened, and I won't be staring out my window wondering how some people can be so dumb.

tomtom33 says on Apr 12, 2008, 07:51:

Self deleted.

Ctg Bound says on Apr 12, 2008, 09:12:

gringoloid DELETED
DELETED
I have been posting on here for years, stating predictions, they have been correct, unlike your good friend Mr. GIBerrish who most of the time had the opposite view to me and has been prooved wrong time and time again, I mention him as most of my predictions are in threads he liked to predict in, so I posted in them as I believed he was wrong.

All that needs to be done there is look up my posts.

I don't post on a public forumn what I am investing in, although I recomend things to many people face to face, I also have stated above what I think.

DELETEDI get my information from certain financial media outlets, not the wacko channels.

durito says on Apr 12, 2008, 09:30:

"durito,

I would disagree, for the major economies I find currency movements are easy to predict, you have to ignore all the rubbish people talk and look at the fundamentals of the economy, trade balances etc."

So I assume you make millions in the currency markets?

BillBigD says on Apr 12, 2008, 09:37:

Gringo- My fault I looked at it early in the morning and only looked at a chart. Not dividend payout.Different story, not bad at all. But I find it pretty funny that you did trucking, taxis, limos throughout the 80s, in new york city and chicago. But later an investment banker on wall street, a certified financial planner, and possess an mba, Well for someone who is so on top of things how can you not be aware of a ETF like SLV. You called out INTC and SLB and when I told you INTC was a dog you said you didn't have it. Still waiting to see what you have.

gringoloid says on Apr 12, 2008, 10:24:

alright bill, humility is a good thing..............it shows you have courage......DELETED
when i finished my undergraduate work in 1973, i didn't want to work for anyone..........after all the philosphy books i read i wanted to be on my own with my own business.......i didn't care what it was........owning a trucking business was real easy at that time, (that was 1973 i should say)....................................and also now.......i think Raaay is finding that out right now himself in the states, but when he gets back, I'm going to have a little talk with him about fuel costs.

finding drivers is the problem......next was taxis in NYC, same problem. then i went to wall street.....the mba came at this time...the market really crashed bad in 1987 however and the computers came in and it was not the same..................i had a lot of contacts so limos next; actually the most profitable business i ever had..............couldn't take nyc anymore......moved to las vegas and became a CFP, concentrating on long term care insurance.............las vegas people could care less about financial planning............i then went to work at a fortune 500 company until i retired 3 years ago at 54 years old.

there is a lot more to my life, i was single all my life with no children, i think that enabled me to live my life without any strings.


Bill.....where do i say that i know every single investment?...i said i just copied what cheney does.....i don't deal with etf's and freely admit that i know nothing about them. I've said many times here that i invest in Vanguard Precious metals fund and have been doing so since April of 2005. that fund would have been all you need to know about metals.

take a look at cheney, for a man worth a hundred million dollars, he has it all stashed in less than ten funds and stocks.

I have a neighbor/pbher named webmanco who can come in and view my portfolio and to report back to the site what he sees. the type and time of my investments.

i think you misunderstood me before; the reason i said intc and maybe some others is that they are postioned well in chindia. oil services stocks will do good too in a bad recession. i wasn't recommemnding them or saying i would buy them, i was just saying what i think about possibilities.

i'm attempting to get out of pro-dollar investments right now but to open an etrade and everbank account from colombia is very, very difficult. two months so far and still not open.

you don't have to wait anymore to find a part of my portfolio..........it's posted about 20 comments above.

posting your assets on a public site in colombia would be a stupid thing to do.........that's why i say talk to saltador or webmanco when they come over.