Chile Wealth, Inequality, and International rankings

Chile Investment, how to invest in Chile, what to watch out for when investing, economic issues, currency exchange in Chile, and more.
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Wed Aug 28, 2019 11:34 pm

41southchile wrote:
Wed Aug 28, 2019 10:59 pm
Chile has some of the least affordable house prices for the average citizen, (dont know if that sounds right, ) anyway, affordability is classed as , severely unreachable, worse than NZ and UK apparantly according to a study.
https://www.emol.com/noticias/Economia/ ... Chile.html
i was just thinking about news that a property sold, in i think near new York, for 1.6 million dollars. it was an iconic European style manor, 16000 square feet, 18 rooms, on 275 acres of land.

you can not touch anything like that in chile today for that sort of money.
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Tue Sep 03, 2019 1:18 pm

well seems that the u.s. loss, is chile's gain on the agro front:
http://www.xinhuanet.com/english/2019-0 ... 361836.htm

China has also become the top export destination for chilean pigs, at 220 million last year; chile currently chinas 5 th largest source of pig imports.
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41southchile
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Re: Chile Wealth, Inequality, and International rankings

Post by 41southchile » Tue Sep 03, 2019 2:48 pm

Spoke with a fertilizer rep yesterday, who also sources goods for clients in Santiago. Apparantly the Chinese are buying everything they can get their hands on at the moment, especially proteins, she had a call yesterday from a client to see if she could provide 100 shipping containers of beef, per month. That's just one client. Dairy farmers here are getting out of dairy farming and are selling all their cows for beef and getting good prices, chop em up ship em out seems to be the theme at the moment.
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Re: Chile Wealth, Inequality, and International rankings

Post by 41southchile » Tue Sep 03, 2019 2:51 pm

admin wrote:
Tue Sep 03, 2019 1:18 pm
well seems that the u.s. loss, is chile's gain on the agro front:
http://www.xinhuanet.com/english/2019-0 ... 361836.htm

China has also become the top export destination for chilean pigs, at 220 million last year; chile currently chinas 5 th largest source of pig imports.
I've read reports in NZ too, Chinese are scrambling to get all they can due to the devastation swine flu has caused.
I can't decide for you. You'll have to make up your own mind.

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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Tue Sep 03, 2019 10:10 pm

41southchile wrote:
Tue Sep 03, 2019 2:51 pm
admin wrote:
Tue Sep 03, 2019 1:18 pm
well seems that the u.s. loss, is chile's gain on the agro front:
http://www.xinhuanet.com/english/2019-0 ... 361836.htm

China has also become the top export destination for chilean pigs, at 220 million last year; chile currently chinas 5 th largest source of pig imports.
I've read reports in NZ too, Chinese are scrambling to get all they can due to the devastation swine flu has caused.
we need to go round up a bunch of javali and ship them to china. :lol:
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Re: Chile Wealth, Inequality, and International rankings

Post by eeuunikkeiexpat » Wed Sep 04, 2019 12:38 am

Re: pork, its's true and anyone who does their own shopping saw the skyrocket in Chile pork prices weeks ago. It is now better to buy Chile beef on offer than buy Chile pork at inflated prices. Now the the Chile beef cartel asses wants to sell Chile beef to the future Empire, again screwing the Chile consumer. Saw this already when lamb became unpurchaseable for the same reasons nearly two years ago.
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Re: Chile Wealth, Inequality, and International rankings

Post by 41southchile » Wed Sep 04, 2019 8:54 am

A summary talking about credit card and digutal payments markets.
Spot the difference between Chile and Argentina markets, they are not even playing the same game let alone in the same ball park.

Chile.

BNAmericas reported on a sophisticated move in Chile to adopt QR Codes, endorsed by the central bank, with an inclusion focus.

Efforts are underway to raise levels of financial inclusion which will, in turn, result in more people using non-cash means of payment.
Just as important, however, is developing the payments infrastructure to ensure that a larger proportion of consumers – particularly those who live outside urban areas – can actually make digital payments for goods and services.
Regional financial inclusion leader Chile is advancing along this highway but has some distance to travel as around 900,000 merchants and service providers – such as taxi drivers and market vendors – remain underserved.
State lender BancoEstado is among those tapping this rich business seam, having launched the first mobile POS service available in Chile without any fixed costs, known as Compraquí. Users are charged a fixed commission, however, for each transaction.
This, in turn, will eventually lead to widespread use of contactlesspayments, with dynamic QR technology among the main protagonists.
Valderrama said: “We’re transitioning from a three-part model to a four-part model. This will generate much more competition in the merchant discount rate sphere and will supposedly generate lower costs for merchants and customers.
“It will also generate masses of opportunities for new players. For this reason, there are banks already working on launching their networks in 2020.”
That is good news from Chile. In short, the Transbank acquisition monopoly is breaking up, forcing increased competition. QR code acceptance will bring more people into payments, and the government is behind the popularization of payments.

Argentina
Argentina is far from the political and economic mess of Venezuela, but it is not pretty as this international newswire notes:

Facing mounting piles of credit card debt, unpaid medical bills and private school fees, Argentina’s cash-strapped middle class, much like the state itself, is facing its own debt default.
“We cannot pay everything, we are sinking little by little,” laments Buenos Aires lawyer Monica, who says she and her accountant husband are overwhelmed by a morass of mounting bills.
Like many of her friends, the 42-year-old says her family maintains its living standards at the price of a mounting credit in a country where annual inflation is running at over 50 percent.
“In the beginning, we paid off all the debt on our card at the end of the month — until we couldn’t. With the usurious rates of interest, we are on the verge of ruin,” she said, shocked by the sudden change.
Half his salary of 30,000 pesos ($508) goes in loan repayments. The plunging peso means his salary is worth half what it was a year ago in dollar terms.
Mexico
We root for Mexico as the country launches a domestic payment scheme, official on September 30, 2019, but live testing blew up this weekend, according to El Economista.

SPEI suffered temporary interruption due to excess operations
On Friday some banks recorded failures in their electronic systems, that delayed transactions and led to a problem.
The Bank of Mexico (Banxico) reported later that the temporary interruption of the Interbank Electronic Payments System (SPEI) recorded on Monday was due to an additional charge, as a result of the operational problems that certain banks presented last Friday.
“Derived from the event reported on August 30, 2019 by this institution, in which some participants of the Interbank Electronic Payment System presented operational problems within their institutions, on September 2, 2019 an additional charge was generated in the referred system with respect to normal operation, ”the central bank detailed in a brief statement.
He said that the handling of this load resulted in a temporary interruption in the SPEI from 3:43:56 to 4:34:32. “After the aforementioned schedule, the SPEI operates normally,” he said.
At the end of September, the CoDi digital collection platform will be officially launched, which will run right down the SPEI road and that aims to massify electronic payments through cell phones.
Long Term Outlook
Chile will progress; innovation and inclusion in the country continues to be a priority and with the monopoly break-up, the country will continue to see progress. Argentina will take years to correct; the country will not begin to resemble Venezuala, but there are fundamental issues that must be corrected. Mexico’s CoDi will experience growing pains, though the big issue the country needs to deal with is payment fraud.
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Re: Chile Wealth, Inequality, and International rankings

Post by Julito » Wed Sep 04, 2019 9:51 am

I´ve been told by a couple of people something nobody likes to talk about, but in the early 1980´s things were so grim the street dogs disappeared. There´s no way to put it delicately, they were eaten. They were referring specifically to Valdivia. True or not I don´t know but it´s not mentioned in any of the few histories I´ve read on that era.

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Re: Chile Wealth, Inequality, and International rankings

Post by eeuunikkeiexpat » Wed Sep 04, 2019 10:27 am

Julito wrote:
Wed Sep 04, 2019 9:51 am
I´ve been told by a couple of people something nobody likes to talk about, but in the early 1980´s things were so grim the street dogs disappeared. There´s no way to put it delicately, they were eaten. They were referring specifically to Valdivia. True or not I don´t know but it´s not mentioned in any of the few histories I´ve read on that era.
Sounds like a question for El Puelche.
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the other is to refuse to believe what is true.

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Re: Chile Wealth, Inequality, and International rankings

Post by fraggle092 » Wed Sep 04, 2019 1:30 pm

Julito wrote:
Wed Sep 04, 2019 9:51 am
I´ve been told by a couple of people something nobody likes to talk about, but in the early 1980´s things were so grim the street dogs disappeared. There´s no way to put it delicately, they were eaten. They were referring specifically to Valdivia. True or not I don´t know but it´s not mentioned in any of the few histories I´ve read on that era.
Another anecdote:
In the days when Circuses featured Lions and Tigers, stray dogs used to disappear when the Big Top came to town....
That one's a bit more credible imho.
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41southchile
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Re: Chile Wealth, Inequality, and International rankings

Post by 41southchile » Wed Sep 04, 2019 2:32 pm

fraggle092 wrote:
Wed Sep 04, 2019 1:30 pm
Julito wrote:
Wed Sep 04, 2019 9:51 am
I´ve been told by a couple of people something nobody likes to talk about, but in the early 1980´s things were so grim the street dogs disappeared. There´s no way to put it delicately, they were eaten. They were referring specifically to Valdivia. True or not I don´t know but it´s not mentioned in any of the few histories I´ve read on that era.
Another anecdote:
In the days when Circuses featured Lions and Tigers, stray dogs used to disappear when the Big Top came to town....
That one's a bit more credible imho.
Ah a different era,
Certain places in Chile could do with a circus with a few lions and tigers for a week or two these day's.
I can't decide for you. You'll have to make up your own mind.

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Re: Chile Wealth, Inequality, and International rankings

Post by fraggle092 » Wed Sep 04, 2019 3:07 pm

Yes. Its not much discussed, but:
'
graves pérdidas de ganado en la región Semanario Tiempo.jpg
(drifting off topic again)
Bienvenidos a Chaqueteo City.

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