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Post by gallito on Jul 28, 2020 15:31:20 GMT -5
Camio Perez is a Banco de Bogotá economists,recent interview disussing the first half 2020 economic statistics,and as well predictions for the remainder of the year.
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Post by mudd on Jul 28, 2020 15:56:56 GMT -5
somebody or something is propping up the colombian peso. if you look at the data, Colombian economy is way down but their peso against the dollar isnt that bad, it should be above 4000 but its not.
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Post by saltador on Jul 28, 2020 17:39:23 GMT -5
It's not the strength of the Colombian peso, but the current weakness of the US dollar. With the Fed and congress flooding the system with dollars, they go down in value. Dollar is oversold right now but should bounce hopefully.
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Post by robbierobnj on Jul 28, 2020 18:10:18 GMT -5
The peso will weaken verse the dollar forever just look at a chart it will be a slow and steady decline verse the dollar with periods of strength. The peso is starting to lose ground again I expect a new low for the peso or high for the dollar. Colombia has no economy and the quarantine has failed as Covid cases today topped 10K for the first time.
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Post by elexpatriado on Jul 28, 2020 19:11:29 GMT -5
Camio Perez is a Banco de Bogotá economists,recent interview disussing the first half 2020 economic statistics,and as well predictions for the remainder of the year. That Kid is CEO of a bank? Wonder if he still lives in his parents basement? Who has heard of "Plata Banc"
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Post by gallito on Jul 29, 2020 12:32:37 GMT -5
Ya your responses were just as I expected typically one side American,oh and Elex lol. I suspect some of you would need a pocket translator to order a ham sandwich.
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Post by robbierobnj on Jul 29, 2020 13:06:56 GMT -5
Ya your responses were just as I expected typically one side American,oh and Elex lol. I suspect some of you would need a pocket translator to order a ham sandwich. The truth is the truth sometimes it hurts. Should I pretend that Colombia actually has a path forward? It doesn't have a chance with the politicians running the Country. Besides cocaine money it doesn't have much going for it some Flowers, Coffee, fruit and Oil. I wont mention Oil is pretty washed up.
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Post by caliorbust on Jul 29, 2020 14:03:26 GMT -5
Part of current weakness of the dollar is because the EURO got stronger. The virus is reseeding in Europe but no end in sight for the US.
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Post by elexpatriado on Jul 29, 2020 14:29:41 GMT -5
Camio Perez is a Banco de Bogotá economists,recent interview disussing the first half 2020 economic statistics,and as well predictions for the remainder of the year. Quiere apostar que yo hablar mucho mejor que usted huevon? Es Español. no Cantones- la idioma de su provincia.. No he usado un traductor en mi vida.Estas pensando de MUDD Yo puse el comentario después mirando 30 segundas del vídeo Otra cosa, el Sr, Del Banco de Bogota es demasiado joven y ingenuo también. No he usado un traductor en mi vida Esto es muy aburrido..Plata blanca. plata forma, plata banco, puta banco puta blanca, puta negra ..no mi importa..la economía acá esta JODIDO y es la culpa de chinos..su nuevo amantes.. Robbie de Islas Canarias no corriges mi gramática-- yo se eres el experto..
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Post by gallito on Jul 29, 2020 15:58:51 GMT -5
elex you barely speak English let alone Español,and yes your grammar sucks in both languages lol. Why are you still in Colombia propping up the economy,you're wasting your golden years for golden showers.
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Post by gallito on Jul 29, 2020 16:13:35 GMT -5
Ya your responses were just as I expected typically one side American,oh and Elex lol. I suspect some of you would need a pocket translator to order a ham sandwich. The truth is the truth sometimes it hurts. Should I pretend that Colombia actually has a path forward? It doesn't have a chance with the politicians running the Country. Besides cocaine money it doesn't have much going for it some Flowers, Coffee, fruit and Oil. I wont mention Oil is pretty washed up. The truth is you're far from the truth,I won't waste my time debating you. The only reason we keep you around here is for your comic value,oh and your cheesy stock advice.
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Post by ozgringo on Jul 29, 2020 16:21:22 GMT -5
Not many economies will come out unscathed from the ccpvirus.
My wife and I were very surprised how bad the Colombian economy was going when we were there at the end of 2019.
We were surprised how expensive it was becoming. Not talking about 5 star hotels ( affordable on international standards) more Gillette razors, books etc...)
Tourism had definitely expanded I must admit.
The old city had become too expensive for most local costeños to visit.
The draconian messures the Colombian governments have put in place to keep their health system intact will take years to rectify economically.
I remember being in colombia during the last riots. 100% riots will resume as soon as the ccpvirus is under control.
Unfortunately the country was becoming a basket case prior to the ccpvirus. Now? Hopefully it can be turned around.
I just hope there isn't an explosion in crime.
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Post by robbierobnj on Jul 29, 2020 16:34:02 GMT -5
The truth is the truth sometimes it hurts. Should I pretend that Colombia actually has a path forward? It doesn't have a chance with the politicians running the Country. Besides cocaine money it doesn't have much going for it some Flowers, Coffee, fruit and Oil. I wont mention Oil is pretty washed up. The truth is you're far from the truth,I won't waste my time debating you. The only reason we keep you around here is for your comic value,oh and your cheesy stock advice. The truth is you cant debate me and please this forum is a joke and so are most of you payasos.
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Post by gallito on Jul 29, 2020 19:17:09 GMT -5
Yes things are bad all over the world I can't think of any country who's economy hasn't taken a major hit.Countries that relied on tourism to bolster the economic bottom line are in deep doo-doo. Colombian tourism was rolling along until COVID hit,add oil woes.As much as I would love to see Colombia succeed I'm pessimistic for the future.
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Post by makopp5 on Jul 30, 2020 5:48:29 GMT -5
Yes things are bad all over the world I can't think of any country who's economy hasn't taken a major hit.Countries that relied on tourism to bolster the economic bottom line are in deep doo-doo. Colombian tourism was rolling along until COVID hit,add oil woes.As much as I would love to see Colombia succeed I'm pessimistic for the future. Yes New York is hard hit. Lot’s of big brands want to leave 5th Avenue. No money to pay rent.
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Post by elexpatriado on Jul 30, 2020 6:43:24 GMT -5
elex you barely speak English let alone Español,and yes your grammar sucks in both languages lol. Why are you still in Colombia propping up the economy,you're wasting your golden years paying for golden showers. Only golden showers anybody getting is you on Vancouver Island. When wa the last time you were here? You probably answer the people in pidgen Chinese when they ask you "De donde eres" And You say " Disculpa..estoy confundido con Cantones" y la gente responde "No parece chino..parece guevon ---ja ja"
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Post by elexpatriado on Jul 30, 2020 6:49:03 GMT -5
Yes things are bad all over the world I can't think of any country who's economy hasn't taken a major hit.Countries that relied on tourism to bolster the economic bottom line are in deep doo-doo. Colombian tourism was rolling along until COVID hit,add oil woes.As much as I would love to see Colombia succeed I'm pessimistic for the future. Colombian tourism barely existed ..4 million visitors in 2019 compared to 30 million in Mexico It will be years before ¡t gets back to normal. All the little village dont want people coming in. They meet people with torches and pitchforks at the pueblo entrance because they dont wantpeople coming in because there is 1 or 2 cases in the municipio vecino .
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Post by elexpatriado on Jul 30, 2020 6:59:31 GMT -5
I agree with the prediction of one source they quoted that the economy wont get back to normal until 2023. That seems about right. This article in the NY Crimes says the virus has pushed income equality back 20 years www.nytimes.com/2020/07/11/world/americas/coronavirus-latin-america-inequality.htmlLluvia Dorada Gallito? Guácala!!!! Eres muy enferma...te gusta esta tipa de cosa? Supongo que te gusta el beso negro también.Triple Guácala!!
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Post by mudd on Jul 30, 2020 8:29:27 GMT -5
as for colombia and medellin...... the virus, they cant control it here, people in the barrios, manrique, belen, santo domingo, bello ect walking around without masks, still having parties. govt here cant stop it because the police dont enforce it.
with that being said, dont see colombia opening up any time soon or their economy recover anytime soon either.
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Post by robbierobnj on Jul 30, 2020 9:03:07 GMT -5
The difference is Colombia won't recover for a decade. I wonder how all the realty guru's will trey to spin this? Going to be cheap apartments all over Medellin and the rest of Colombia
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Post by ozgringo on Jul 30, 2020 9:36:54 GMT -5
The difference is Colombia won't recover for a decade. I wonder how all the realty guru's will trey to spin this? Going to be cheap apartments all over Medellin and the rest of Colombia There will definitely been some bargains. I don't think property will drop as much as in Australia, Canada, USA percentage wise. The mortgage market is incredibly small in Colombia. Something like 3 %.
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Post by robbierobnj on Jul 30, 2020 9:46:21 GMT -5
The difference is Colombia won't recover for a decade. I wonder how all the realty guru's will trey to spin this? Going to be cheap apartments all over Medellin and the rest of Colombia There will definitely been some bargains. I don't think property will drop as much as in Australia, Canada, USA percentage wise. The mortgage market is incredibly small in Colombia. Something like 3 %. It’s going to be a race to the door when tourist are allowed back people are stuck now with no renters and when the country opens a bunch of Colombians with no job prospects and no way to pay rent it’s going to drop big time and it should
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Post by búfalo on Jul 30, 2020 9:47:58 GMT -5
The only reason colombian owned properties prices won't drop (even though they should) much is because colombians won't lower them. They prefer keeping am empty place for months or years in place of taking a hit and moving on. Kind of like telling the truth, they'll just insist forever they aren't lying, no matter how obviously they are- causing them a lot more problems down the road instead of just facing it, growing from it and moving on in a better direction.
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Post by elexpatriado on Jul 30, 2020 10:06:21 GMT -5
The difference is Colombia won't recover for a decade. I wonder how all the realty guru's will trey to spin this? Going to be cheap apartments all over Medellin and the rest of Colombia There will definitely been some bargains. I don't think property will drop as much as in Australia, Canada, USA percentage wise. The mortgage market is incredibly small in Colombia. Something like 3 %. In Canada the prices are still going up in some cities. All the Hong Kong people coming over, even without jobs-pay big cash for a Condo and a passport. The real Estate Ponzi scheme is the only thing keeping the economy going , besides government jobs in that "progressive" Post-Modern, Post Industrial,Post-Nation state All other private investment has fled the country. If you want to see what US will look like under the Dems-just look North Europe wont be any better-as a matter of fact-they are ahead of the curve When a civilization consiciencly destroys their own monuments, statues , inner cities, drain and dig up well built and safe oil pipelines- you know you are seeing the colapse of that civilization. What the Huns and Visigoths were to the Roman Empire- the SJWS , Antifa ,BLM and thier "progressive" lap dogs are to Western Civilization. And the PRC is laughing all the way to the bank..
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Post by elexpatriado on Jul 30, 2020 10:15:05 GMT -5
The only reason colombian owned properties prices won't drop (even though they should) much is because colombians won't lower them. They prefer keeping am empty place for months or years in place of taking a hit and moving on. Kind of like telling the truth, they'll just insist forever they aren't lying, no matter how obviously they are- causing them a lot more problems down the road instead of just facing it, growing from it and moving on in a better direction. Yep-and sometimes the unpaid Predial taxes and utilities build up for years before the City or utility departmenst gets wise enough to put an embargo on the house. A good trick the Colombians use is to put a minor under 25 under your roof, then no one can reposess your house.
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Post by robbierobnj on Jul 30, 2020 10:26:29 GMT -5
The only reason colombian owned properties prices won't drop (even though they should) much is because colombians won't lower them. They prefer keeping am empty place for months or years in place of taking a hit and moving on. Kind of like telling the truth, they'll just insist forever they aren't lying, no matter how obviously they are- causing them a lot more problems down the road instead of just facing it, growing from it and moving on in a better direction. It will be different this time. The gringos will run for the door and Colombians won’t be able to rent to each other with no economy and no job market. Smart people would be selling now
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Post by robbierobnj on Jul 30, 2020 10:28:20 GMT -5
There will definitely been some bargains. I don't think property will drop as much as in Australia, Canada, USA percentage wise. The mortgage market is incredibly small in Colombia. Something like 3 %. In Canada the prices are still going up in some cities. All the Hong Kong people coming over, even without jobs-pay big cash for a Condo and a passport. The real Estate Ponzi scheme is the only thing keeping the economy going , besides government jobs in that "progressive" Post-Modern, Post Industrial,Post-Nation state All other private investment has fled the country. If you want to see what US will look like under the Dems-just look North Europe wont be any better-as a matter of fact-they are ahead of the curve When a civilization consiciencly destroys their own monuments, statues , inner cities, drain and dig up well built and safe oil pipelines- you know you are seeing the colapse of that civilization. What the Huns and Visigoths were to the Roman Empire- the SJWS , Antifa ,BLM and thier "progressive" lap dogs are to Western Civilization. And the PRC is laughing all the way to the bank.. The US goes and god help the rest of the world. I’m of the opinion it will be business as usual for the USA 🇺🇸
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Post by charlie640 on Jul 30, 2020 12:42:53 GMT -5
Sellers that won't budge because they are are not motivated by their financial situation. Others You might need to wait 5 days before the Remate Auction LOL
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Post by caliconnection on Jul 30, 2020 15:12:36 GMT -5
There will definitely been some bargains. I don't think property will drop as much as in Australia, Canada, USA percentage wise. The mortgage market is incredibly small in Colombia. Something like 3 %. In Canada the prices are still going up in some cities. All the Hong Kong people coming over, even without jobs-pay big cash for a Condo and a passport. That's right. Price wars going on right now. How quickly things can change in a few months.
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Post by mudd on Jul 30, 2020 16:21:12 GMT -5
just sold a condo, got the highest price ever paid in my complex for my model. many places prices havent dropped at all
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