Chile's Place in Latin America

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Re: Chile's Place in Latin America

Post by admin » Mon Jul 23, 2018 5:19 pm

FMI upgrades chile to 3.8% growth this year and the most dynamic economy in latin america:

https://www.df.cl/noticias/internaciona ... 50048.html
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mem
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Re: Chile's Place in Latin America

Post by mem » Sun Jul 29, 2018 1:49 pm

Saw the news recently where Pinera was saying the Moodys downgrade for Chile was all Bachelets admin fault and not his fault at all. The prews seemed to poke fun at Pinera for his vociferous denial of responsibility

Then I was looking at the public debt chart and trying to map the graph to Pineras previous administration years and Bachelets admin years and it actually looks like during Pineras terms Chile's public debt did drop significantly and consistently year over year with pinera at the helm whereas it went way up during bachelets admins

So it looks like if Pineras current term is like his last term the public debt is going to get slashed over the next 4 years and his denials are perfectly valid and bachelet should be ashamed

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Re: Chile's Place in Latin America

Post by admin » Mon Jul 30, 2018 8:45 am

Yea that was pretty shady of moodies to wait almost a year and a half to downgrade chile, the same way the other two credit agencies did last year, and after multiple meetings with the administration over it. I am sure moodies allowed a sufficient time for their clients to position to load up on chilean bonds.

Regardless, those downgrades were squarely on the bachelet administrstion. And, for all that spending, the country got little more zip for the money. In fact, there are hundreds of millions of dollars in bills she left unpaid across the country, that are for the most part off the official central goverment books. For example, the education reform resulted in the municipalities being stuck with mega bills to pay their teachers and costs for semi-private schools that were closed. Another was contractors all over the country, are still trying to collect from the goverment for completed contracts that they used beurcratic stall tactics to pretend they were not due. She did that to both big companies, and little mom and pop operations. I know quite of few that went bankrupt or nearly bankrupt trying to collect those bills.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
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Re: Chile's Place in Latin America

Post by admin » Mon Jul 30, 2018 9:54 am

I seen a grest analogy in an article that summarizes what i have always said is the problem the left in chile faces today.

It is like a 40 year old man, buying a motorcycle to try and relive their glory days.

Only i would add, that the new left, the student movement, the kids, are rolling their eyes at how silly dad looks on that motorcycle.

Thus, the explosive growth of fractured far left parties in chile that have hard time forming any sort of coherent colition or even agreeing on their platform, beyond some sort of vague 'we are not the right'.
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Re: Chile's Place in Latin America

Post by admin » Mon Jul 30, 2018 10:03 am

I actuely think that is a good position for the country to be in, in terms of maintaining some sort of political balance.

The left is just sufficiently vocal and organized to force the right to stay focused on development objectives, social programs, poverty, etc; without being so strong that they start causing problems with realy stupid stuff they would do if they had sufficient political weight to push through some of the crazier ideas they throw around (e.g. nationalizing lithium, importing the entire population of haiti, etc).

For development to move forward, there needs to be both balance and stability. That is where the rest of latin america goes wrong, over and over again. Wild swings from one extreme to the other, over and over again.
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Re: Chile's Place in Latin America

Post by admin » Mon Jul 30, 2018 10:08 am

However, i think for chile to reach that developed economy and country line, it needs a sustained longer term plan. Every administration taking a excavator to the previous administration's plans, leads to a lot of waisted resources and time.
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Re: Chile's Place in Latin America

Post by admin » Mon Jul 30, 2018 11:21 am

Here comes the japense and chinese fiber optic cable:

https://www.latercera.com/pulso/noticia ... le/261943/

One thing that has always bugged me is the depence of chiles internet on that u.s. fiber cable. Way too many single points of failure, and all controlled by the u.s. goverment and companies.
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mem
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Re: Chile's Place in Latin America

Post by mem » Mon Jul 30, 2018 12:27 pm

I hope they can get the transoceanic fiber done sooner than later. It seems like it will probably take a really long time. I never realised how large the pacific ocean is...it jas more surface area than the entire planet of Mars. Getting lost in the Pacific is serious needle in a haystack territory making rescues very difficult.

Personally i wouldnt bother with a Japan connection and just focus on NZ, Australia and China/HK...i also found in this other article that aside from terminating in Valpo there is an alternative option to terminate in Punta Arenas...,but perhaps that ship has sailed already.I think that would be great to terminate in the southern part of chile. https://investchile.gob.cl/10-key-quest ... r-project/

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Re: Chile's Place in Latin America

Post by admin » Mon Jul 30, 2018 1:09 pm

Well i think that is the catch. The chinese were suppose to pay for a large part of at least the china cable, so i doubt they would skip the china end of the plug.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
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Re: Chile's Place in Latin America

Post by hlf2888 » Wed Sep 26, 2018 12:08 am

admin wrote:
Mon Jul 30, 2018 10:03 am
I actuely think that is a good position for the country to be in, in terms of maintaining some sort of political balance.

The left is just sufficiently vocal and organized to force the right to stay focused on development objectives, social programs, poverty, etc; without being so strong that they start causing problems with realy stupid stuff they would do if they had sufficient political weight to push through some of the crazier ideas they throw around (e.g. nationalizing lithium, importing the entire population of haiti, etc).

For development to move forward, there needs to be both balance and stability. That is where the rest of latin america goes wrong, over and over again. Wild swings from one extreme to the other, over and over again.
https://www.youtube.com/watch?v=2ibVPHa ... e=youtu.be

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Re: Chile's Place in Latin America

Post by admin » Wed Sep 26, 2018 7:06 am

yea, the moron left thinks they can just nationalize the lithium, and it just magically pops out of the ground. Can not recall the exact numbers, but of the like 1000+ lithium exploration companies in the World promising to bring more lithium to the market, only like 5 are actually producing any and only like 3 are producing any volume.

Codelco is sitting on massive lithium reserves, but has not been able to tie its shoes when it comes to lithium. It needs an experienced partner (e.g. sqm), to come in and exploit their reserves.

But, I have to hand it to Ponce. He managed to get the left screaming about the chinese buying a position in SQM, so he can maintain control of the company. He even went out and raised like 200 million in one of his holding companies to defend a hostile takeover.

As a shareholder, I really don't care who owns sqm as long as they are making money.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

41southchile
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Re: Chile's Place in Latin America

Post by 41southchile » Thu Oct 25, 2018 9:42 pm

Well it's a done deal, Ponce's appeal failed. China have a decent share of, and will control the worlds three Largest lithium producers (supposedly they are just shareholders and won't have seats at the table in SQM, cough cough.sure whatever). Plus all the other Lithium mines in China . Well played China I guess.
Hydrogen fuel cell vehicles anyone? They seem a lot more viable than batteries , especially for large trucks.
https://www.emol.com/noticias/Economia/ ... a-SQM.html
In the Lakes Region Chile for 6 years. It looks like New Zealand in some ways, and is nearly at the bottom of the world too, but there the similarities end.

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