The Pinera administration 2.0

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The Pinera administration 2.0

Post by admin » Sun Dec 17, 2017 7:19 pm

Well, guess who won?

Think you guys know what to do with this thread.
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Dosedmonkey
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Re: The Pinera administration 2.0

Post by Dosedmonkey » Sun Dec 17, 2017 7:25 pm

Not surprised. More logical then the last re-election in my opinion...

How do people expect this to effect the peso?

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Space Cat
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Re: The Pinera administration 2.0

Post by Space Cat » Sun Dec 17, 2017 7:43 pm

Ufff, hopefully it stays at least at 600. But I'm planning to invest more into the local market to compensate the losses (btw, I ended up with Renta4.cl – their support is incredibly fast and everything is done online).

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Ignite
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Re: The Pinera administration 2.0

Post by Ignite » Sun Dec 17, 2017 7:46 pm

I am glad this happened. Grande tio Piñi!

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tiagoabner
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Re: The Pinera administration 2.0

Post by tiagoabner » Sun Dec 17, 2017 8:10 pm

The market will make positive prognostics for the country, so the Peso should drop a bit. I will take a small hit due to this variation, but it will be good for the country in the long run, I guess.

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Re: The Pinera administration 2.0

Post by Britkid » Sun Dec 17, 2017 8:24 pm

I would not expect a major change since the market may have already built in a high probability of Piñera winning and I am not sure there is truly that much of a difference between the two on the economy. However, I would expect the market to react a little by having the peso stronger. 636 peos to the dollar now, perhaps 610-620 on Monday at a guess?

848 to the pound now, perhaps 820-830 on Monday would be my guess. Let's see if I am right.

Long term, no way to tell. I assume you are asking about short term.
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fraggle092
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Re: The Pinera administration 2.0

Post by fraggle092 » Sun Dec 17, 2017 8:27 pm

I am relieved with the result. My little business could not have withstood another presidential term like the last one, and I know many people in the same boat.

Hopefully Piñera has evolved some way of dealing with the pressure groups that made life so difficult in 2011.
The orchestrated unrest is sure to start up again as soon as Bachelet has scuttled off to the UN next year, and this government has done all it can to strengthen union power.

In the end I think the vote was strongly against Guillier rather than for Piñera, once the voters realized what they were letting themselves in for. But it could be a 4-year reprieve rather than a permanent change for the better.
Après moi, le déluge

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Re: The Pinera administration 2.0

Post by Britkid » Sun Dec 17, 2017 8:30 pm

Would people agree with the statement "Chile is a right-wing country". Low taxation is fudamentally right wing, mpore focus on economic growth where it has done better than other Latin American countries and become richer. Basic captalist system. It's possibly also right wing on issues such as abortion and slower to pass gay marriage. No ecological focus.

I don't think Chile is right wing in every way, although struggling to remember examples at the moment.

Or maybe it just seems right wing to me since I'm left wing, or from Europe.
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Re: The Pinera administration 2.0

Post by admin » Sun Dec 17, 2017 8:37 pm

I would not expect much right a way. The central bank announced short-term emergency measures a few days ago to stabilize the exchange rate and inject liquidity for the next 4 weeks.

https://www.reuters.com/article/chile-m ... SC0N1NN00D

I would expect a 6 to 10% pop in the stock market this week, and another 20 to 30% over 2018.

The peso is headed to 550 in 2018.
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Re: The Pinera administration 2.0

Post by eeuunikkeiexpat » Sun Dec 17, 2017 8:39 pm

Just hope la brujería doesn't rock the earth or similar and hand Piñera another disaster to rebuid from upon entering office. :alien:
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Re: The Pinera administration 2.0

Post by admin » Sun Dec 17, 2017 8:41 pm

I would not call chile right wing, just a country passing through a critical development phase where people start seeing the befits of capitalism, but with a serious recognition that you need a heavy dose of socialism and social programs to continue to grow. It is not an either or question; more of an all or no one requirment for real development.
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Re: The Pinera administration 2.0

Post by admin » Sun Dec 17, 2017 8:54 pm

Guillier is with pinera at his celebration, and speaking before his acceptance speech.
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