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tiotomasbcs
Super Nomad
Posts: 1837
Registered: 7-30-2007
Location: El Pescadero
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Sounds like a good time for Expats to get some $Cash or buy building materials! Hurry BajaBoy before they raise prices. Costco in Cabo gave 13.15 to
one. Give me another beer, bartender. Tio
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
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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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The roar you hear out your window is pesos headed north...
Variable Rate T Bills
A Lot To See And A Lot To Do
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by tiotomasbcs
Sounds like a good time for Expats to get some $Cash or buy building materials! Hurry BajaBoy before they raise prices. Costco in Cabo gave 13.15 to
one. Give me another beer, bartender. Tio |
Yep....everything imported will see a peso price increase.
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DavidE
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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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Except perhaps for basic Chinese goods. Unemployed Chinese love to eat Politburo members with soy sauce.
A Lot To See And A Lot To Do
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DavidE
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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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From Today's Wall Street Journal front page
"Analysis: Markets Might Be Misreading Fed's Messages
In the two days since Bernanke said the central bank expects to curb its bond-buying program later this year, stocks tumbled and long-term interest
rates rose, writes Jon Hilsenrath". 11:05 AM
Duhh. ya think?
A Lot To See And A Lot To Do
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tiotomasbcs
Super Nomad
Posts: 1837
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Location: El Pescadero
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Where's the exchange rate today? 13 something, verdad?! Anyone jumping out of buildings, DavidE? Tio
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by tiotomasbcs
Where's the exchange rate today? 13 something, verdad?! |
At this moment: 13.3122 to 1
it usually settles down before going into the weekend, and the US market is just closing.
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DavidE
Ultra Nomad
Posts: 3814
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Location: Baja California México
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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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Banco de Mexico spent $600,000,000 dollar reserves trying to buy time on Friday. As Luis DuMont used to tell me, "It's to buy them enough time to cash
out and send their money north".
It's all up to the Fed and the Dollar/Renminbi fracas. If the dollar weakens this resets the tumblers for the dollar peso relationship.
China is in trouble. They cannot retaliate without throwing hundreds of millions of workers out of work. The threat to the politburo is very real.
China's two big markets are the US and Mexico (sharing common ports). Idiots who write about the "threat" of China "cashing in" on US bonds, bills,
and other investments have not got a clue. It would lead to an all-out civil war in China.
A Lot To See And A Lot To Do
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DENNIS
Platinum Nomad
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Here we go again. After sitting at 13.30 over the weekend, it's fallen ten cents since this AM:
At this moment.........13.4021 to 1
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DavidE
Ultra Nomad
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Location: Baja California México
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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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Nuther $600,000,000 dlls since 6AM.
I believe they will burn the furniture rather than let it soar to 14 to 1. This would give the PRI a Larry Holmes grade ear bite.
[Edited on 6-24-2013 by DavidE]
A Lot To See And A Lot To Do
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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Larry Holmes?
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DENNIS
Platinum Nomad
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| Quote: | Originally posted by willardguy
Larry Holmes? |
Did he mean John Holmes of Deep Pockets fame?
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DavidE
Ultra Nomad
Posts: 3814
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Location: Baja California México
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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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Love to be a fly-on-the-wall in the Central Bank right about now.
Look for the overheated glow-in-the-dark telephone lines between Los Pinos and Banco de Mexico.
No joke. If the peso falls to 14.0 to 1, the PRI may as well kiss the next election goodbye.
A Lot To See And A Lot To Do
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by willardguy
Larry Holmes? |
Did he mean John Holmes of Deep Pockets fame? |
in davids defense, he was preoccupied focusing on the daily
meter reading spreadsheet entry!
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
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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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118 kWh so far this bimestral with a lectura coming on the 8th of Julio.
Can't wait for those four dollar a gallon Magna prices!
Wanna know where your money goes, visit the CFE or PEMEX parking lot sometime in Mexico. No not THAT lot, the one with all the Mercedes, Lexus, and
BMW's in it. They're going broke I tell 'ya. Too much subsidy - gotta find a way to raise another 100 billion pesos/yr. Paracaídas de oro aren't as
cheap as they used to be.
I'm not complaining because of "me". It's the folks who are going to get hammered that gets my cabron. We sat, down here, and laughed our butt off
when California "De-Regulated" electrical power. $5,000 megawatt hour. Keep laughing - you paid for it.
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
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| Quote: | Originally posted by DavidE
118 kWh so far this bimestral with a lectura coming on the 8th of Julio.
Can't wait for those four dollar a gallon Magna prices!
Wanna know where your money goes, visit the CFE or PEMEX parking lot sometime in Mexico. No not THAT lot, the one with all the Mercedes, Lexus, and
BMW's in it. They're going broke I tell 'ya. Too much subsidy - gotta find a way to raise another 100 billion pesos/yr. Paracaídas de oro aren't as
cheap as they used to be.
I'm not complaining because of "me". It's the folks who are going to get hammered that gets my cabron. We sat, down here, and laughed our butt off
when California "De-Regulated" electrical power. $5,000 megawatt hour. Keep laughing - you paid for it. |
I'm not complaining because of "me" either but why do some people have water meters and others don't.... DavidE....where is the outrage?
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
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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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"Outrage?"
"CFE?"
Don't You Mean...
"Outage"?
A Lot To See And A Lot To Do
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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don't you mean Evander Holyfield?
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msteve1014
Senior Nomad
Posts: 947
Registered: 12-2-2006
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I really don't care WHY you are complaining, this time. You are ALWAYS complaining. The exchange rate will not change because you do not like it. Find
a problem you can change, and get on it, quietly.
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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| Quote: | Originally posted by msteve1014
I really don't care WHY you are complaining, this time. You are ALWAYS complaining. The exchange rate will not change because you do not like it. Find
a problem you can change, and get on it, quietly. |
somebody get that man some pickling spices, quick!
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