joerover
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long term out look for the peso?
That is a question, not the answer.
Will the peso continue to shrink, or will it recover?
the fat lady is breeding
which means
The fat ladys are breeding
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Sweetwater
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Mood: chilly today hot tomale
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JR,
Just another opinion here.
As long as OIL is below $40 barrel, the Canadian and Mexican denominations are in bad condition. The US has caused a global oversupply with it's
production and it won't end in the next year. Perhaps 2017 will bring a different story but as long as production stays so far above demand, producing
nations who rely on it will have weak currencies. The energy sector in the USA is the reason the S&P 500 did not rise last year, if subtracted
out, it would have risen by 5.6% or so.
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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SFandH
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I was thinking there is a direct relationship between the cost of oil and the value of the peso too. But then I found this:
"While the oil industry is still relevant for the government's budget, its importance in GDP and exports has steadily fallen since the 1980s. In 1980
oil exports accounted for 61.6% of total exports; by 2000 it was only 7.3%"
A bit surprising, but the cost oil is a factor, just smaller than I thought.
https://en.wikipedia.org/wiki/Economy_of_Mexico#Oil
[Edited on 2-16-2016 by SFandH]
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4x4abc
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no matter what influences prices, taxes, currencies etc - none of is is involved.
We are just in for the ride.
So, who cares?
Have a Margarita!
Harald Pietschmann
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micah202
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Quote: Originally posted by Sweetwater  | JR,
Just another opinion here.
As long as OIL is below $40 barrel, the Canadian and Mexican denominations are in bad condition. |
....I'd go with this,,,US currency is in effect getting stronger rather than peso dropping,,, makes a difference <;-/
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woody with a view
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posited?
word of the day!
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mtgoat666
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If you could reliably predict that you could be a billionaire. Don't quit your job and become a currency trader, the market is smarter than you!
My sage advice: the peso will decline long term (years) relative to the dollar. But if trump is elected, the dollar will be worthless overnight. I
suggest you put all your money in gold or pork bellies until the election is over. Mark my word!
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DENNIS
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Forecasting currency value is like forecasting weather.
"YOU CAN'T LITTER ALUMINUM"
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SFandH
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Spending a few days in quaint and charming Tijuana. 18.4 pesos per dollar at the corner OXXO. 75 pesos for a 6 pack of Tecate. Same as it has been for
a long time. Life is good.
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CortezBlue
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One other issue is the fact that oil is purchased in US dollars only and with the dollar being strong other currencies have to buy dollars which also
eats into their purchasing power therefore reducing the value.
“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
- Albert Einstein
Follow Cortez Blue
www.cortezblue.com
We put the FUNK in disFUNKtion |
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joerover
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| Quote: Originally posted by Sweetwater | JR,
Just another opinion here.
As long as OIL is below $40 barrel, the Canadian and Mexican denominations are in bad condition. The US has caused a global oversupply with it's
production and it won't end in the next year. Perhaps 2017 will bring a different story but as long as production stays so far above demand, producing
nations who rely on it will have weak currencies. The energy sector in the USA is the reason the S&P 500 did not rise last year, if subtracted
out, it would have risen by 5.6% or so. |
oil is low to hurt putin?
dennis
read the farmers almanac, the weathyer can be predicted
margarita guy, wasted pixels slow the rotation of the earth
| Quote: Originally posted by 4x4abc | no matter what influences prices, taxes, currencies etc - none of is is involved.
We are just in for the ride.
So, who cares?
Have a Margarita! |
[Edited on 2-17-2016 by joerover]
the fat lady is breeding
which means
The fat ladys are breeding
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Bajahowodd
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My step son is a commodities trader on Wall Street who specializes in energy. His opinion is that if after these many years of so-called Mexican pride
about the government run Pemex will allow foreign companies to once again enter the market and bring superior technology and knowledge to be able to
tap the huge reserves of Mexico in the Gulf of Mexico, the Peso will more than rebound. There are huge reserves there, that if Mexico will only allow
foreigners to share would be a boon.
Currently, Pemex does not have the equipment, nor the technology to obtain.
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monoloco
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| Quote: Originally posted by Bajahowodd | My step son is a commodities trader on Wall Street who specializes in energy. His opinion is that if after these many years of so-called Mexican pride
about the government run Pemex will allow foreign companies to once again enter the market and bring superior technology and knowledge to be able to
tap the huge reserves of Mexico in the Gulf of Mexico, the Peso will more than rebound. There are huge reserves there, that if Mexico will only allow
foreigners to share would be a boon.
Currently, Pemex does not have the equipment, nor the technology to obtain. |
It would probably be safer to
invest at the black jack table in Las Vegas than bet on a rebounding peso.
"The future ain't what it used to be"
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micah202
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...how about one of those casino's in La Paz,,,peso's afterall 
.
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