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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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What A Ride For The Peso
A Lot To See And A Lot To Do
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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 DavidE
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For 1 peso you can have wild ride on one of these 
Bob Durrell
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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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What A Rip Off!
"Where's The Stripes?"
A Lot To See And A Lot To Do
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micah202
Super Nomad
Posts: 1615
Registered: 1-19-2011
Location: vancouver,BC
Member Is Offline
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| Quote: | Originally posted by DavidE
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....looks like a typical day in currency spec,,no?
....but what about silver price history??
.... http://silverprice.org/silver-price-history.html
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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 how you make nothing look like something...Its the scale on the chart, actual fluctuation is almost nil.....There is even a book on stuff like
that "How to lie with statistics"....Yawn.....
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bkbend
Senior Nomad
Posts: 693
Registered: 11-27-2003
Location: central OR or central baja
Member Is Offline
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** brief hijack alert** I had that book as a textbook in college, ... in a statistics class back in the 70's. It does help when numbers start
getting thrown around.
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bajagrouper
Senior Nomad
Posts: 964
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
Member Is Offline
Mood: happy and retired
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I thought I was looking at David"s EKG chart........
I hear the whales song
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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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"Markets sold off aggressively on the news, with major averages dropping more than 1 percent. The five-year Treasury note hit its highest yield since
August 2011 while the benchmark 10-year note breached a 2011 high".
The interbank rate is now at 13.25
Let's see: 13.25 versus 12.25 a month ago.
The 7.5% drop is valuation is not there.
If you had studied the mechanics of Latin American economies in college, you would have learned a stronger treasury yield exerts one hell of a pull on
buying. Especially by Mexico. And Brasil. Of course statistics can be manipulated and skewed. Go tell that to Banco de Mexico and the Casas de
Cambios.
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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love it...just about to transfer money to our builder today...thanks David...once again you made me feel pretty smart with my timing
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Pescador
Ultra Nomad
Posts: 3587
Registered: 10-17-2002
Location: Baja California Sur
Member Is Offline
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I sort of wonder if David is a little pre-occupied with things financial. We get the gasoline price update, the CFE price update, the Peso update,
and the prescription update. I guess we all obsess about things. I looked up Terrafin for Satellite sea temps, Bouyweather, read fish reports from 4
different sites, and hopefully I have a small chance of finding the fish this morning. I spend a part of one day a month at the bank, but 20-25 days
fishing.
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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 Pescador
I sort of wonder if David is a little pre-occupied with things financial. We get the gasoline price update, the CFE price update, the Peso update,
and the prescription update. I guess we all obsess about things. I looked up Terrafin for Satellite sea temps, Bouyweather, read fish reports from 4
different sites, and hopefully I have a small chance of finding the fish this morning. I spend a part of one day a month at the bank, but 20-25 days
fishing. |
Please tell me warm water is pushing into Bahia Asuncion
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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At this moment:
13.3525 to 1
Make that:
13.4452
it's bouncing around like a tennis ball.
.
[Edited on 6-20-2013 by DENNIS]
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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 DavidE
"Markets sold off aggressively on the news, with major averages dropping more than 1 percent. The five-year Treasury note hit its highest yield since
August 2011 while the benchmark 10-year note breached a 2011 high".
The interbank rate is now at 13.25
Let's see: 13.25 versus 12.25 a month ago.
The 7.5% drop is valuation is not there.
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a 1 peso drop / 13.25 peso current value = 7.5% decrease in value
Bob Durrell
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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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Mi sarcasm discupáme. The thing to watch for (no guarantee) is an appearance of a 2,000 peso note. Somebody in Banco de Mexico is very aware of the
ongoing trade deficit and unlike El Pelón, the administration is listening to the central bank.
If you want a mini-lesson in just how inept politicians are regarding budget deficits, look at what happened in California. The same is happening in
the USA but all the newly printed money has to be "paid for". The Fed is going to raise treasury yields because IMHO we are headed for some serious
inflation. The Aussies are so paranoid about this they want to link the Australian $ to the Chinese Yuan Renminbi.
Sadly the old axiom When The US Economy Sneezes, Mexico Gets Pneumonia, is not a joke. Interesting times ahead.
A Lot To See And A Lot To Do
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
Member Is Offline
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| Quote: | Originally posted by DavidE
Mi sarcasm discupáme. The thing to watch for (no guarantee) is an appearance of a 2,000 peso note. Somebody in Banco de Mexico is very aware of the
ongoing trade deficit and unlike El Pelón, the administration is listening to the central bank.
If you want a mini-lesson in just how inept politicians are regarding budget deficits, look at what happened in California. The same is happening in
the USA but all the newly printed money has to be "paid for". The Fed is going to raise treasury yields because IMHO we are headed for some serious
inflation. The Aussies are so paranoid about this they want to link the Australian $ to the Chinese Yuan Renminbi.
Sadly the old axiom When The US Economy Sneezes, Mexico Gets Pneumonia, is not a joke. Interesting times ahead. |
so now not only are we on the lookout for mexican airborne rangers, we need to watch for the 2000 peso note! what are you puttin
in them pickles out there?
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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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Thanks for the chuckle.
It's summer...
Better to talk about the lack of hotels in Ojos Negros?
A Lot To See And A Lot To Do
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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 DavidE
What A Rip Off!
"Where's The Stripes?" |
Can't afford stripes since the peso has been devalued. 13.25/US$ today
Bob Durrell
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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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Saw one in CantCun with a horn pasted on the center of its forehead. Fly-in tourists were flocking to get $5 pictures. I told the owner I hope the
sucker ends up goring him.
A Lot To See And A Lot To Do
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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 DENNIS
At this moment:
13.3525 to 1
Make that:
13.4452
it's bouncing around like a tennis ball.
.
[Edited on 6-20-2013 by DENNIS] |
MY CFE electric rate just went up from 3.027 to 3.653 pesos per kWh (20% increase). Glad I'll be paying with pesos (8.8% devaluation).
Bob Durrell
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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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Mañana may be Viernes Negro for El Dow Jones. Greece and Spain both are sucking the Eurozone flat and I think Germany isn't going to white hat ride to
the rescue. Love to be able to see wire transfers to Texas banks right about now.
EDIT: Bernanke will be an idiot if tomorrow he does not say something like "Tentative easing of purchases are exactly that and can be modified to ease
market instability"
[Edited on 6-20-2013 by DavidE]
A Lot To See And A Lot To Do
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