Global Economy, recession, depression, or...

Chile Investment, how to invest in Chile, what to watch out for when investing, economic issues, currency exchange in Chile, and more.
User avatar
admin
Site Admin
Posts: 22289
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Global Economy, recession, depression, or...

Post by admin » Sun Aug 09, 2020 11:50 am

On why a global depression is baked in:

https://time.com/5876606/economic-depre ... ronavirus/
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.

User avatar
41southchile
Rank: Chile Forum Citizen
Posts: 1869
Joined: Mon Jun 12, 2017 2:39 pm
Location: Lakes Region

Re: Global Economy, recession, depression, or...

Post by 41southchile » Sun Aug 09, 2020 12:25 pm

admin wrote:
Sun Aug 09, 2020 11:50 am
On why a global depression is baked in:

https://time.com/5876606/economic-depre ... ronavirus/
Yup, so depression till the War comes along?
“Facts do not cease to exist because they are ignored.”

User avatar
admin
Site Admin
Posts: 22289
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Global Economy, recession, depression, or...

Post by admin » Fri Aug 21, 2020 6:41 pm

Peru had a 30.2% quartly drop in GDP.

https://www.bloomberg.com/news/articles ... terly-drop

and they are not done with the virus yet.
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.

User avatar
admin
Site Admin
Posts: 22289
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Global Economy, recession, depression, or...

Post by admin » Fri Aug 21, 2020 9:56 pm

and argentina,

definitely not buying these bullshit numbers out of argentina

https://www.batimes.com.ar/news/economy ... nomy.phtml

'fake it until you make it', does not work with covid numbers nor GDP.
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.

mem
Rank: Chile Forum Citizen
Posts: 881
Joined: Tue Nov 24, 2015 11:18 am

Re: Global Economy, recession, depression, or...

Post by mem » Sat Aug 22, 2020 10:37 am

admin wrote:
Fri Aug 21, 2020 6:41 pm
Peru had a 30.2% quartly drop in GDP.

https://www.bloomberg.com/news/articles ... terly-drop

and they are not done with the virus yet.
During the 2008 "great recession" GDP fell by around 4%
During the 1929 "great depression" GDP fell by around 15%

So what do we call it when GDP falls by over 30%?

User avatar
41southchile
Rank: Chile Forum Citizen
Posts: 1869
Joined: Mon Jun 12, 2017 2:39 pm
Location: Lakes Region

Re: Global Economy, recession, depression, or...

Post by 41southchile » Sat Aug 22, 2020 11:21 am

mem wrote:
Sat Aug 22, 2020 10:37 am


So what do we call it when GDP falls by over 30%?
A Reflection/reevaluation time?
A chance to reflect whether what we were doing is sustainable longterm, and are we able to continue indefinitely doing what we were without negative consequences?🤔
Nothing in nature can grow forever on a finite resource.
“Facts do not cease to exist because they are ignored.”

User avatar
admin
Site Admin
Posts: 22289
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Global Economy, recession, depression, or...

Post by admin » Mon Aug 24, 2020 3:41 pm

copper inventory at the lowest level since 2007,

https://www.df.cl/noticias/mercados/com ... 90350.html
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.

User avatar
admin
Site Admin
Posts: 22289
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Global Economy, recession, depression, or...

Post by admin » Mon Aug 24, 2020 3:44 pm

and, chile had a 22% reduction in copper exports

https://www.df.cl/noticias/economia-y-p ... 90403.html
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.

User avatar
admin
Site Admin
Posts: 22289
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Global Economy, recession, depression, or...

Post by admin » Wed Aug 26, 2020 12:28 pm

so, FED is looking at setting a zero rate for 5 years, possibly longer.

https://www.bloomberg.com/news/articles ... nd=premium
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.

Post Reply