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Tuesday, April 29, 2008
Sunday, April 27, 2008
Saturday, April 26, 2008
Friday, April 25, 2008
Thursday, April 24, 2008
Tuesday, April 22, 2008
Sunday, April 20, 2008
Saturday, April 19, 2008
Wednesday, April 16, 2008
Tuesday, April 15, 2008
Monday, April 14, 2008
Friday, April 11, 2008
Thursday, April 10, 2008
Tuesday, April 8, 2008
Recession EEUU
Finally they recognize it as a recession.
For me it is the Great Depression.
And I thought Greenspan was retired. Is he double dipping?
What a fucked up mess.
Saturday, April 5, 2008
Friday, April 4, 2008
Thursday, April 3, 2008
Chilean farmers are being squeezed
e Gregorio Defends Chile's Flexible Currency Policy (Update2)
By Sebastian Boyd
April 2 (Bloomberg) -- Jose De Gregorio, head of Chile's central bank, defended the country's flexible exchange rate policy after lawmakers demanded the bank take measures to protect exporters from a strengthening peso.
The depreciation of the dollar is a global phenomenon, De Gregorio told the Senate in Valparaiso, Chile. While the central bank hasn't ruled out selling pesos in currency markets in a bid to slow growth, it would first need to be sure that such a move would work, he said today.
The flexible exchange rate helped keep the peso from strengthening due to the rising price of copper, he said. Senators, including former president Eduardo Frei Ruiz-Tagle, earlier urged action from the government and central bank to help Chile's exporters.
``Today's monetary policy framework protects us from large fluctuations, although recent tensions in the currency markets show that, as could be expected, we're not completely isolated,'' De Gregorio said.
The peso's rise may be an overreaction, De Gregorio said. Chile is the world's biggest copper exporter.
Chilean farmers are being squeezed by the peso's 14 percent appreciation versus the U.S. dollar this year, as well as by the worst drought in a century. Farms have used the feed that was laid aside for next winter to keep livestock alive during the summer and are unable to plant new crops in the dry soil, Ema Budinich, head of research at the country's National Agriculture Society said today in an interview.
Currency Intervention
``It can't be that the central bank says `Yes, some day, perhaps we might intervene given the right conditions,''' said Hernan Larrain, president of the opposition Independent Democratic Union. ``When are they going to do something more than just contemplate?''
Senators from both opposition and government parties said they were concerned that the export-led model of growth that made Chile the richest country in South America last year is under threat from worsening terms of trade. Exports to the U.S., the biggest market for Chilean fruit and vegetables, fell last year to $8.8 billion from $9.3 billion, according to central bank data.
The Chilean fruit industry employs more than 1 million workers, 13 percent of the population, Francisco Duboy, head of a regional fruit growers' association said at a demonstration against government policies on March 26.
``Perhaps the central bank can persuade us that the decision we made to choose an export-led model was wrong,'' said Jaime Naranjo, Socialist Party Senator for the rural district of Maule.
To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net
Wednesday, April 2, 2008
Advantages of the Chilean Real Estate Market, Chile a great place to invest
The Chilean Real Estate Market is quite strong at this time. A great place to invest.
El alto precio de Cobre...Some homes worth less than their copper pipes
Some homes worth less than their copper pipes
Los Ladrones están tumbando las casas para robar los tubos de cobre.
Tuesday, April 1, 2008
Land for Sale Northern Chile...Propiedades en la venta Chile, Economico
En Español e Inglés
EN LOS TERRENOS YA HAY ALGUNAS CASAS
QUE TIENEN CONSTRUIDA LA NORIA .
LAS PARCELAS ESTAN A VEINTE MINUTOS DE CALAMA,
POR CARRETERA PAVIMENTADA A MINERA EL ABRA,
PASANDO POR PUEBLO DE CHIU CHIU Y CONTINUANDO
1 KM POR CAMINO INTERNACIONAL QUE VA A OLLAGUE,
http://www.artistas-americanos.com/chilelindo/calama_lotes.html
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- chiletom
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