The Chile Economy, Social Crisis and Virus Impact

National Crisis, Emergencies, and Natural Disasters in Chile; including the experiences of Chile Forum Members have shared in current and in past crisis, as they have assisted each other and Chile. Things will always go wrong. It is how you deal with it that counts, and that starts with information. When things go wrong, this is the place to come to exchange information about what is going on in Chile.
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Fri Jul 24, 2020 12:05 pm

Pinata, woops, Pinera, is set to sign it in to law this morning.
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Fri Jul 24, 2020 5:42 pm

moody's seems to think this will have negative impact on chile's credit.


https://www.df.cl/noticias/economia-y-p ... 53204.html

fitch seemed to think it was no big deal.
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Sat Jul 25, 2020 7:43 pm

so they are putting off a $ 600 million dollar purchase of F-16s.

https://www.emol.com/noticias/Economia/ ... s-F16.html
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tiagoabner
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by tiagoabner » Sat Jul 25, 2020 8:51 pm

admin wrote:
Sat Jul 25, 2020 7:43 pm
so they are putting off a $ 600 million dollar purchase of F-16s.

https://www.emol.com/noticias/Economia/ ... s-F16.html
It seems that they decided to postpone the purchase at the beginning of the pandemic, it just happened to become public now. Still, Chile would get much more bang for its buck by going the drone route
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fraggle092
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by fraggle092 » Mon Jul 27, 2020 12:51 pm

Yeah, may as well grab it before the Pols get their hands on it.
.
Screenshot-2020-7-27 'We're going for more' say Chileans after pensions reform crosses free market Rubicon.jpg
.
https://uk.reuters.com/article/us-healt ... KKCN24S19S
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by El Presidente » Mon Jul 27, 2020 1:08 pm

fraggle092 wrote:
Mon Jul 27, 2020 12:51 pm
Yeah, may as well grab it before the Pols get their hands on it.
.
Screenshot-2020-7-27 'We're going for more' say Chileans after pensions reform crosses free market Rubicon.jpg
.
https://uk.reuters.com/article/us-healt ... KKCN24S19S
Pamela Jiles, a leftwing deputy representing some of the capital Santiago’s poorest suburbs who charged through the Congress chamber in a pink cape and feathered fans to celebrate the pension bill’s approval at an earlier stage, said Chile’s free market system had reached a point of no return.

“The people invaded Congress with a very specific and simple demand, but one that strikes at the heart of this discredited system,” she said. “There is no way back now.”

Jiles said any longer-term financial worries could be addressed later.
:shock:
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Mon Jul 27, 2020 1:45 pm

yep, those are morons in congress running this stupidity.

:roll:
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Tue Jul 28, 2020 12:39 pm

macal.cl property auction going on right now.
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Tue Jul 28, 2020 12:59 pm

seems to be some action, but I would not call it big action. the prices so far seem to be quite a bit below market.

still early. curious if the action we have seen in southern chile and outside RM translates to more action at the auction.
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Tue Jul 28, 2020 3:09 pm

yea, the southern chile lots seem to be going for well under previous auctions.

might be fun to see if there is more action as people get their AFP money.

I am sure not everyone is a financial moron and heading out to drink their retirement savings away; just most people.
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by admin » Tue Jul 28, 2020 3:11 pm

pinata just did another cabinet shuffle. 7 ministers, including minister of defense.

seems to be a fairly hard right bunch of politicians. The right might of had enough of pinata showering the left with gifts everytime congress pokes at him.
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by tiagoabner » Tue Jul 28, 2020 4:10 pm

admin wrote:
Tue Jul 28, 2020 3:09 pm
yea, the southern chile lots seem to be going for well under previous auctions.

might be fun to see if there is more action as people get their AFP money.

I am sure not everyone is a financial moron and heading out to drink their retirement savings away; just most people.
There were a few "parcelas" in the South going for reasonably low rates. Although with all things Chile, you really need to read the fine print and check on water rights and on the infrastructure for the area.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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