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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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ELKBURGER!
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Genecag
Nomad
Posts: 118
Registered: 6-13-2011
Location: San Diego, TJ, La Paz
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Considering how much money the Feds printed to provide liquidity to the system, the dollar becoming stronger is a worrisome sign.
It is natural that the stocks are declining since less money being printed and pumped into the system, but so many big investors buying treasury notes
yielding less than 2% is a bigger sign of problems to come.
The Feds are preparing for the China shoe to drop......
Make it a Great Day!!
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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Europe is pretty weak with potential threats of some economies experiencing 'deflation', China's decelerating economy doesn't help, and if Ebola
becomes a pandemic, GDPs all over the place will drop.
I've been thinking right along that the stock market has been rather inflated as it is. Everyone invested in the market has been swooning over their
recent gains, now everyone is looking wide eyed and worried. Never liked stocks; too capricious, unpredictable, and illogical in its behaviors; have
always felt that real estate income property is a better investment, but you have to be comfortable with property management.
[Edited on 10-16-2014 by MitchMan]
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WhackAMolE
Nomad
Posts: 121
Registered: 1-6-2014
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What's weird is that the casas de cambios in San Ysidro pay far less than the going rate. And the ones in Ensenada are even worse. The Compra is about
12.70 in Ensenada even with the "official" rate above 13.40.
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
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Mood: chilly today hot tomale
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The peso is linked to oil and as long as oil declines, especially below $80 a barrel, the peso will suffer.....
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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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by WhackAMolE
What's weird is that the casas de cambios in San Ysidro pay far less than the going rate. And the ones in Ensenada are even worse. The Compra is about
12.70 in Ensenada even with the "official" rate above 13.40. |
The competitive Casas charge 2%, plus room for momentary fluctuation. They're in business to make a peso, so what else can they do?
"YOU CAN'T LITTER ALUMINUM"
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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2% plus a fluctuation of $0.06 MXN (6 centavos) comes to a 13.07 exchange rate on an "official" rate of 13.4. Therefore, casas de cambio charging
12.7 in these circumstances well exceeds 2% commission. 12.7 reflects at least a 5% commission/fee rate. It is what it is. In a market based
capitalistic system, they can charge anything they want; I realize that. But, I make it a point to look thoroughly at competitors' rates and then only
patronize those with the best rates. That's what buyers in a market based capitalistic system can do.
The best thing to do, and it isn't very difficult or time consuming, is to use pesos that you get from an ATM with a USA bank debit card where you do
not have to pay any fees at all. With that approach, you can always get the internet rate (official rate) less about 6 centavos: Official rate =
13.4, ATM rate usually 13.34. I do it all the time, every time in La Paz.
But if you pay the 12.7 rate, you're losing $50 USA dollars for every $13,400 pesos you spend.
About 3 weeks ago I took a taxi from the Tijuana airport to the San Ysidro border. The taxi driver was asking for $18 USD. I said I would pay him
$15. He came back with $17 USD or $200 pesos. I whipped out the $200 pesos and asked him for a receipt. When he handed me the receipt I told him
that the going ATM rate was 13.35. He took out his calculator, did a computation, then he looked at me with a look of shock (200/13.35 =$14.98 USD) .
He was saying that the rates at casas de cambio were 11.5. Then I said that is a bad rate and that the bank rates were much better...he may have
known that, but he did take out his calculator to check his own math.
[Edited on 10-17-2014 by MitchMan]
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Russ
Elite Nomad
Posts: 6742
Registered: 7-4-2004
Location: Punta Chivato
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I got 12.98 in Mulege today around 10 am
Bahia Concepcion where life starts...given a chance!
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mulegemichael
Super Nomad
Posts: 2310
Registered: 12-24-2007
Location: sequim,wa. and mulege
Member Is Offline
Mood: up on step
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russ; at least you could get INTO mulege!....count yer blessings....see ya at scotties soon.
dyslexia is never having to say you\'re yrros.
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bajaspuds
Junior Nomad
Posts: 57
Registered: 10-8-2014
Location: Isla Pan Dulce
Member Is Offline
Mood: dum spiro, spero
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So how does the falling peso affect the price of gas at the Pemex pump?
... dripping w/ chubasco sauce
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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| Quote: | Originally posted by bajaspuds
So how does the falling peso affect the price of gas at the Pemex pump? |
Probably gives Nieto incentive to keep raising prices.
I can't believe how far out of line the price of fuel in Mexico is. How do the locals afford it?
Supposedly, the gas subsidies were cut loose about 2-3 years ago and the price would rise to some semblance of a "market value".
Well, they've blasted way past that. I paid more than a dollar a gallon less in the States in September compared to the price of Mexican fuel.
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greengoes
Select Nomad
Posts: 10289
Registered: 6-27-2011
Member Is Offline
Mood: Today I slay the Red Dot.
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No comision
ANUNCIATE AQUI
DISPONIBLE
INFORMES LLAMA SNOWBALL - 646-115-7754
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
Member Is Offline
Mood: Always cranky unless medicated
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Seems to me the peso has hovered just about the same for the last 3 years now (within 10-15%) which to me is a record stabilization in the years I've
gone south. Not too long ago the 'sticker price' on items in the tiendas used to have 3 to 5 layers of price changes as the peso fluctuated. It was
like pull-tab-roulette.... scratch a few off and hope the one you picked was the right color AND cheaper, too (j/k).
Also there's the fluctuation between going up when the touristas are coming south, and dropping when they're going home.... a natural occurrence. In
the spring when all are migrating to their summer breeding grounds and want their dolares back from pesos the exchange rate falls, which makes more
money for Mexico, que no? I'd love to see a true graph on the stabilization, up and down of the peso to the dollar from 2010 to 2014. This particular
topic is more beaten to death than any other on BN.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by bajaspuds
So how does the falling peso affect the price of gas at the Pemex pump? |
The price of gas goes up every month regardless of the money market. The only difference for us on a dollar income, is the bang for our buck which
fluctuates daily.
"YOU CAN'T LITTER ALUMINUM"
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by Hook
I can't believe how far out of line the price of fuel in Mexico is. How do the locals afford it?
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I'm convinced they have a well guarded member discount.
"YOU CAN'T LITTER ALUMINUM"
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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There are a great many things that affect the price at the pump. Of course, the global price of oil is a prominent factor, but there are many other
factors that directly affect local gasoline prices such as short term supply and demand fluctuations (especially short term inventory fluctuations)
together with location distribution cost differences.
Because gasoline is a necessity, the supply and demand affect on price is very different from commodities that have substitutes and/or are not
necessities. That is, you can up the price of unique necessities and still sell nearly the same quantity of the item or produce and sell at a
threshold quantity low enough where you can really up the price and still sell nearly the same quantity.
Economics 101: there is 'elastic' price demand and there is 'inelastic' price demand. Inelastic demand is for things like heart surgery, and all
other necessities where there are few if any substitutes that exist and people will pay any price just about. Elastic supply and demand exists for
things like butter vs margarine, beef vs pork, Ferraries Vs Toyota Corollas where changes in price will drive people to other similar products instead
of paying the higher price or simply not buy the product because it is not a necessity.
Mexico may well up the price of gasoline in spite of lower global oil prices because it needs the revenue and because they can get it because of the
'inelasticity' of the supply and demand of gasoline. The Mexican federal government also changed the IVA sales tax (value added tax) in Baja from 10%
to 16% recently...because it could.
Prices are not as connected to cost of production as most all people mistakenly think. Big business has almost everyone everywhere hoodwinked into
believing that all prices are dictated by cost alone WHICH IS ABSOLUTELY NOT TRUE.
[Edited on 10-18-2014 by MitchMan]
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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The fall continues:
Today: 14.57 to one
"YOU CAN'T LITTER ALUMINUM"
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vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
Member Is Offline
Mood: mellow
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Right now at 14.74.
For Nomads living in Baja, now is the time for big ticket items before prices adjust.
I'm looking for a standby generator. prefer Generac model 6438 11 KW.
Anyone know of suppliers in Baja?? or any advise how to get it here??
[Edited on 12-11-2014 by vandenberg]
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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The Home Depots over here sell fairly large Generac generators. I dont know size or pricing. Of course it is cheaper in the States.
Since you are in Nopolo, you might find a trusting Nomad who will be down in La Paz for Xmas/NY and could be persuaded to drive one up for you from
the HD in La Paz, on his way back home. If it was me, I would trust you to have the cash ready. But I am a trusting sort, when it comes to fronting
money, and I've never been burned yet...........by a gringo. 
Heck, there could be a way to do a bank to bank transfer from someone's US/Canadian bank to your US/Canadian bank and there would be no anxiety over
the purchase.
BTW, the Canadian dollar has slipped below .87 cents/US dollar today. I believe the last two days, the looney has lost a half per cent in value each
day.
Oil now BELOW 60 bucks a barrel for WTI crude. It's taking the looney and the peso down with it.
[Edited on 12-11-2014 by Hook]
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chippy
Super Nomad
Posts: 1722
Registered: 2-2-2010
Member Is Offline
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New car, new house , panga, appliances,tires, mistress its all good
[Edited on 12-11-2014 by chippy]
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