PESO-USD

jmb161 says on Feb 28, 2008, 17:24:

no

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tejasmarcos says on Feb 28, 2008, 17:51:

i did not think it would dip back below 1850. wrong.............

- usa printing more funny money, lowering interest rates, wall street rollercoaster, failed security sales to clear bank lines, property values dropping like a led zepellin in the majority of markets due to record foreclosures.

it would not suprise me.

our system is setup to reward the influencers of the policymakers. these are the same damn people that duped greedy homebuyers into overleveraging and speculating the market to the point of ridiculous, unsustainable levels. the smart ones cashed out months ago and they are now looking for the next scam. it is no better than a pyramid scheme........

juice anybody?

trying to walk a straight line on sour mash and cheap wine...

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scotty says on Feb 28, 2008, 18:19:

tejas, you hit it right on the mark!

Get Rhythm, when you got the blues. Johnny Cash

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miamimike says on Feb 28, 2008, 20:33:

Look for a Change as of Jan 15, 2009,,,Hopefully our National Nightmare will cease after that date

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.

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rocinante says on Feb 28, 2008, 20:44:

The peso belongs at or below 1500. You can google this site as this topic has been talked about adnauseum on almost every thread for the past 4 weeks.

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

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scotty says on Feb 28, 2008, 21:54:

why does it belong at or below 1500?

Get Rhythm, when you got the blues. Johnny Cash

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Mononoke28 says on Feb 29, 2008, 10:27:

That blows chunks because every time I wire money I have to make up for what I lost since the value keeps going down. Augh!

Diana

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rocinante says on Feb 29, 2008, 13:56:

"Why does it belong at or below 1500?"

value of the currencies vs each other?

Break down: Economies, growth potential, political stability, interest rate yield differential, respective liquidity.

Sorry to be so vague. You can google this site as this has been talked about ad nauseum here for the past 3 weeks.

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

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pedro says on Feb 29, 2008, 19:04:

As a counterpoint, let's not forget:

Rule of law in the US, Colombian capital controls, urgent need for structural reform in Colombia to make a better business environment, most of the world's market leaders domiciled in the US, possibility for the US to leverage military advantages into economic advantages.

The US does admittedly need a change of administration and certain structural reform too. Mainly in healthcare and tort reform.

I think the peso needs to be closer to 2000 than 1500, especially considering the higher rate of inflation in Col. I think the real issue is the dollar needs to cycle higher than it currently is.

que nota!

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tejasmarcos says on Feb 29, 2008, 19:13:

yep. the dollar hamburger at mcdonalds in 2000 here. i think ronald is on the money......

trying to walk a straight line on sour mash and cheap wine...

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rocinante says on Feb 29, 2008, 20:03:

Pedro are you going by the BigMac index?

Going by the buying power of a BigMac Index....

IF and only IF the dollar ever fetches north of 2000 again, 2000 in Colombia will be only worth south of 1500.

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

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scotty says on Mar 1, 2008, 01:34:

2000 sounds good, 1900 is ok, 1800 tolorate, below 1800 unexecptable

Get Rhythm, when you got the blues. Johnny Cash

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rocinante says on Mar 1, 2008, 04:23:

Get used to 1500-1600

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

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gringoloid says on Mar 1, 2008, 05:23:

Roci................i was looking at that peso/dollar graph last night and when I came to colombia it was 2400 pesos per dollar............i can hardly believe that now.

I hope you are very, very wrong..............but I think you may be right.

A 25% drop is my groceries for the month.

What it means is I have to cut back on my travelling. ...............sucks.

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rocinante says on Mar 1, 2008, 05:37:

Or get paid in Pesos....

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

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scotty says on Mar 2, 2008, 04:09:

yup, when i first went to colombia it was almost 2600 to the dollar, now itw what below 1800. i hope it never hits 1500

Get Rhythm, when you got the blues. Johnny Cash

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