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What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Anything at all (keep it clean) goes here that does not fit in to any of the other forums.

Moderator: eeuunikkeiexpat

Your Expection for the Chilean Peso rate through July 2008

550
2
8%
540
4
17%
530
4
17%
520
3
13%
510
1
4%
500
3
13%
490
2
8%
480
1
4%
475
3
13%
450
0
No votes
440
0
No votes
430
0
No votes
420
0
No votes
410
0
No votes
400
0
No votes
390
0
No votes
380
0
No votes
350
0
No votes
300
0
No votes
1 to 1
0
No votes
 
Total votes : 23

Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby admin on Tue Jul 01, 2008 9:37 am

where do you see a "view results" button?

There are a few other bugs in the forum that have been discovered. We are getting ready for a regular upgrade shortly to chase some of the ghost in the machine out. Hang in there.
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby RWS on Tue Jul 01, 2008 9:40 am

admin wrote:where do you see a "view results" button? . . . .

At the bottom center of the chart, immediately below the "Submit vote" button.
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby admin on Tue Jul 01, 2008 4:37 pm

Yea, I had to create a normal user account to see the problem. It is always sunny on Mount Olympus for the forum admins because we have different permission levels.

How many others are not seeing the red graph bars on the poll to the right of the check box options?

How many others use to see the graph bar, and are no longer seeing it?

I could not see your problem at first because when you are not logged in, the graph/poll seems to display correctly. When I am logged in as admin, or when I high jack your permissions to test them (nifty little feature of the forum when it works) everything displays correctly. When I created a new account however as a normal user and looked at it, it is very broken.

I have looked at the permissions, and I believe this bug that I will go chase when I get a second. Any details about what you are seeing would help me track it down.
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby mlightheart on Tue Jul 01, 2008 4:46 pm

I see the red bars ok when I am logged in. I am using Firefox 2.0.0.14.
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby RWS on Tue Jul 01, 2008 5:21 pm

admin wrote:. . . . I have looked at the permissions, and I believe this bug that I will go chase when I get a second. Any details about what you are seeing would help me track it down.

When I cast a vote, I saw the results; otherwise, nothing (I'll have to wait to ascertain whether the chart continues to show if I don't cast a vote during a particular session). I'm sorry that I know too little about computers or the 'Net to be able to add anything to that bald pair of statements.
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby eeuunikkeiexpat on Tue Jul 08, 2008 11:54 am

HEADS UP!

Santiago Times - July 8 wrote:Economists widely believe that Chile's Central Bank will raise its target interest rates by 50 points to 7.25 percent when it
meets next week to battle inflation,
None are more hopelessly enslaved than those who falsely believe they are free — Goethe
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby RWS on Tue Jul 08, 2008 12:52 pm

And
watch
the
dollar
s
i
n
k
. . . until the Fed', too, raises rates.

A question to fellow AllChileans with an interest in the subject: is B. Bernanke "clueless", or is he a saboteur?
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby eeuunikkeiexpat on Tue Jul 08, 2008 12:59 pm

I thought SIR Alan Greenspan was the saboteur and Helicopter Bernanke the fall guy. :D

Remember Alan's Ayn Rand like treatise on gold? And how he has betrayed every macroeconomic principle he stood for? Is he pure evil or is he a Francisco D'Anconia (Atlas Shrugged) working from the inside to destroy a corrupt system?
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby RWS on Tue Jul 08, 2008 1:03 pm

Very good points, EE.UU. I suppose that there are some people I'd just rather forget . . . .
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby RWS on Tue Jul 08, 2008 1:23 pm

eeuunikkeiexpat wrote:. . . SIR Alan Greenspan . . . .

P.D. -- As he's not a British subject, the knighthood's only honorary. So just ol' republican "Mr." will suffice, unless we think him undeserving of even that honorific. -- RWS (showing his man-of-the-people roots by not according the title "Dr." to anyone not practicing medicine)
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby MarkF on Tue Jul 08, 2008 2:03 pm

RWS wrote:until the Fed', too, raises rates. A question to fellow AllChileans with an interest in the subject: is B. Bernanke "clueless", or is he a saboteur?


I don't understand the rationale for raising rates. I thought standard monetary policy was to raise rates to cool economic growth that is becoming so heated that it is causing (too much) inflation. We don't have that do we? The vast amount of US inflation is due to oil. And, oil is cooling the economy itself.

In fact, it seems like now is the time to lower rates (or keep them low after the recent bailout reductions) to keep the economy strong, so it can recover from the effect of oil.

My own prejudice is to see rates rise (nearing the point I'll live on a fixed income and investments). But, I don't understand the theory behind it.

Mark
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby eeuunikkeiexpat on Thu Jul 10, 2008 3:37 pm

RWS,

Good afternoon. Just found some great up to date conspiracy theory regarding our bud Alan. Very creative interwinding of current conspiracy theories (for those who follow this stuff).

Me thinks Bix Weir is quite the disinfo artist though I'm sure there is some truth mixed in there somewhere.

"The Road To Roota"
or
The Implementation of the Gold Standard
http://www.lemetropolecafe<DOT>com/Pfv1.cfm?pfvID=6007&SearchParam=road%20to%20roota

Road to Roota II
http://news.goldseek<DOT>com/GoldSeek/1214492700.php
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby RWS on Thu Jul 10, 2008 5:26 pm

I've never been much of a conspiracy theorist, generally shaving with Ockham's razor and finding human nature in its complexity and debility sufficient to explain most of what we encounter. But, despite some risible aspects (Mesdames Feinstein and Pelosi as partisans of a gold standard!), there are parts of those two articles to make one wonder, EE.UU.

The stubborn part of the whole question is how anyone, even a dyed-in-the-wool proponent of now-long-debunked Keynesian economics, could possibly have aided the creation of the morass in which we are sinking. ("Aided", I say, because American lotus-eaters were the chief makers of the mess: how could the dollar maintain value when we exported little of worth, bought too much from afar, and insisted upon governmental largesse at home and abroad?) So one does indeed wonder if Messrs. Greenspan and Bernanke (even the latter can't be fool enough not to have known the logical end of his weak-willed maundering) have worked toward seemingly sinister ends.
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby cali_chile48 on Thu Jul 10, 2008 5:45 pm

the US dollar has swung from about 550 to 435 CPL and back in the past year, right? and now it´s on the way down again?

can we play a real-life game of "what if"? suppose a guy in his late 40´s had $100K saved up and he was thinking hard about moving to chile permanently in the next year....should he:

a) keep his money in his US bank, or
b) move it all to chile ASAP, or
c) move half to chile when the rates are favorable (define favorable, please) and keep half in the US, or
d) other (explain)
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Re: What will 2008 Bring PART II ( Chile Peso Exchange Rate )?

Postby MarkF on Thu Jul 10, 2008 6:13 pm

cali_chile48 wrote:suppose a guy in his late 40´s had $100K saved up and he was thinking hard about moving to chile permanently in the next year....should he:


Buying real property would be a good idea (such as real estate in Chile). Hedging would be a good idea. As you said, keep some in the US, some in Chile. But, I believe there are also inverse dollar funds that can be used to hedge against a decline in the dollar. That might be better than hedging with the CLP. If you're primarly concerned with a sinking dollar, you're primarily concerned with the inverse of the dollar (which isn't the same as the value of the CLP).

Some money in gold and silver would be good as a hedge too, or against a cataclysmic event. The balance between everything is the tough decision. How much liquidity you need, etc.

Mark
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