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Russ
Elite Nomad
Posts: 6742
Registered: 7-4-2004
Location: Punta Chivato
Member Is Offline
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Speaking of the Russell index.... I just got this from a link on eebmike.com
Bahia Concepcion where life starts...given a chance!
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
Member Is Offline
Mood: chilly today hot tomale
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Yup, volatile times.
I don't think the international perception of the Mexican government's ability to fight off the drug cartels is helping this exchange rate dilemma.
I would not like being a person who relies on the Peso for revenue and expenditures, this is a hyperinflationary trend that will kill small
businesses.
Not good.
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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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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I've been through this crap in 1972, 1982, 1994, you name it.....
It all starts out with "Once upon a time". Car factories, whatever keep working to keep up momentum while mexifinanceprestiditators chortle "five
percent growth". Zero unemployment. The ground is bulging upward there is so much oil. We have a thousand tons of foreign currency backing the peso.
Everybody's ordering Mexican merchandise. Cruise ships are arriving so laden with eager passengers they're awash almost to the gunnels...How could
things possibly be any better?
I remember the outrage in foreign institutional investors after the Christmas Surprise. The wealthy Mexicans laughed all the way to Switzerland and
the Bahamas. I just shook my head.
Want to read reality? From a trusted source, about the fire with out? About something that is going to knock the US economy for a loop? But I am not a
financiero Mexicano. For the really reliable news about things like economic forecasts, stability, and standards, let me introduce, Bernie Madoff.
A Lot To See And A Lot To Do
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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And the link
http://www.bbc.co.uk/news/business-18084700
A Lot To See And A Lot To Do
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
Member Is Offline
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| Quote: | Originally posted by Russ
Speaking of the Russell index.... I just got this from a link on eebmike.com
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I often refer to this for perspective: http://www.forecasts.org/peso.htm
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Bajaboy señor,
What am I doing wrong? I clicked on the site and it shows the forecast for "May" at 12.80 to 1 and August 2012 as being 13.50 to 1. Is there another
site link within I am missing?
Thank you
A Lot To See And A Lot To Do
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David K
Honored Nomad
Posts: 65278
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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That means travel in Baja is getting cheaper for us! Cheaper gas and more pesos for the dollar for other things.
Mexico needs tourists and it is the 'Amigo Country' afterall!
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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| Quote: | Originally posted by Russ
Speaking of the Russell index.... I just got this from a link on eebmike.com
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....and at 7:00Am today it was
1 USD = 13.801 MXN
Bob Durrell
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
Member Is Offline
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| Quote: | Originally posted by DavidE
Bajaboy señor,
What am I doing wrong? I clicked on the site and it shows the forecast for "May" at 12.80 to 1 and August 2012 as being 13.50 to 1. Is there another
site link within I am missing?
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I am not sure what you're missing. This site predicts a monthly average for the peso with a certain probability. I look at it to get an idea of what
direction the market might be headed and how much beer I will be able to afford on my next visit.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Oh.
Thank you
A Lot To See And A Lot To Do
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Cisco
Ultra Nomad
Posts: 4196
Registered: 12-30-2010
Member Is Offline
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| Quote: | Originally posted by David K
That means travel in Baja is getting cheaper for us! Cheaper gas and more pesos for the dollar for other things.
Mexico needs tourists and it is the 'Amigo Country' afterall!
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I just exchange and buy what I think I will need for a trip each time before I go down.
Should I buy and hoard for future trips at some point or is that counter-productive if it dumps? And there does not seem to be any notice to the
common man when it will dump.
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jbcoug
Senior Nomad
Posts: 709
Registered: 9-24-2006
Location: Vancouver, WA
Member Is Offline
Mood: Needing Baja!
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I don't think I'll be hoarding pesos.
John
\"The average dog is a nicer person than the average person.\" Andy Rooney
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Debra
Super Nomad
Posts: 2101
Registered: 10-31-2002
Location: Port Orchard Wa./Bahia de Los Angeles BC
Member Is Offline
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Euro = 1.27USD
Mean people suck!
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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I have a hunch...
That el presidente is going to order Banco de México to keep the peso value from reaching 14 to 1 against the US dollar tomorrow, no matter what it
takes. The PAN knows if the voters see the peso dump they might as well start packing even before the election takes place in July.
But, this is only a hunch...
A Lot To See And A Lot To Do
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Do some math. 1.4% daily peso inflate for oh, say eighty seven days over the next eight months. What will the peso exchange rate be? This will be way
beneath the magic 2% daily trigger arrived at by Banco de Mexico.
A Lot To See And A Lot To Do
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Udo
Elite Nomad
Posts: 6364
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
Member Is Offline
Mood: TEQUILA!
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Every time I go South, I exchange about $400 U.S more than what I need. Save it for my next trip.
So far there has been only one time that I lost a little over 1 Peso for the dollar, but to this date I've come out waaay ahead.
Udo
Youth is wasted on the young!
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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BOTTOM LINE
Mexico is going to be the least expensive it has been in a number of years. Inflation will step in over a period of several months but for a while
it's going to be a bargain.
Away from the border areas vacations will be amazingly cheap.
After the treasury burns itself out trying to stabilize the currency, and if the € flops the peso may lose ten percent or more value in the next sixty
days. A lot of ifs, but at sixteen to one. (?) I would be digging out my sombrero if I were north of the border.
A lot of Nomads don't like the summer climate down here. But down on the pacific coast, when the gulf is roasting and the cape isn't all that
comfortable either, a person needs a blanket to sleep comfortably at night. This area is a true almost- undiscovered treasure.
A Lot To See And A Lot To Do
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thebajarunner
Ultra Nomad
Posts: 3752
Registered: 9-8-2003
Location: Arizona....."Free at last from crumbling Cali
Member Is Offline
Mood: muy amable
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Yeah, I used to do that too
| Quote: | Originally posted by Udo
Every time I go South, I exchange about $400 U.S more than what I need. Save it for my next trip.
So far there has been only one time that I lost a little over 1 Peso for the dollar, but to this date I've come out waaay ahead.
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Ended up with a drawer full of very large numbered bills worth very little - no mas, baby, no mas.
Spend it all before you head North
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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Thats the plan...Maybe thats why the front deck at the ranch had so many flowerpots on it....
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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A Second Opinion
http://www.youtube.com/watch?v=j2AvU2cfXRk&feature=youtu...
Bob Durrell
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