http://www.elcaribe.com.do/articulo...d=8FFE2DE1BD1D4BBC80820192087C0648&Seccion=63
danm! I which I had time to translate it. Capo, where are you?
danm! I which I had time to translate it. Capo, where are you?
aegap said:http://www.elcaribe.com.do/articulo...d=8FFE2DE1BD1D4BBC80820192087C0648&Seccion=63
danm! I which I had time to translate it. Capo, where are you?
Golo100 said:I really feel sorry for the rest of Latin America. Right now Leonel is closing in on Hipolito as the worst president ever in DR. Leonel is so full of himself, which is mostly manure, that by the end of his fourth year he will be lucky to be in office.
TW
Nal0whs said:I suppose the 4% economic growth in the 1st quarter of this year is not good news?
Or the increase in foreign investment into local industries?
Or the stabilization of prices?
Or the much more positive economic outlook for this country coming from the mouth of international financial institutions such as Bear and Stern, IMF, among others?
Leonel is the best thing to have happened.
You guys are pathetic with your whining and rhetoric.
The data shows what's happening, shows the better conditions the economy is in as of now compared to this time last year and the prospects are higher, better, and more positive since Leonel left power in 2000!
You guys are pathetic to the fullest degree. I can't believe what I am reading here, unbelievable.
Seems that you guys prefer the country to be ruled by Hipolito, a man who sent the country to hell in a handbag.
Totally pathetic. :disappoin :disappoin :disappoin :disappoin :disappoin
Midpoint? Didn't he take office in August 2004. It hasn't even been a year. Give him some time. Things were out of control when he took office. Bear Stearns seems confident:arturo said:... So far, and we are nearing the midpoint, the quality and quantity of Leonel's rhetoric has far exceeded his worthwhile accomplishments...
Nal0whs said:I suppose the 4% economic growth in the 1st quarter of this year is not good news?
Nal0whs said:Or the increase in foreign investment into local industries?
Nal0whs said:Or the stabilization of prices?
Nal0whs said:Or the much more positive economic outlook for this country coming from the mouth of international financial institutions such as Bear and Stern, IMF, among others?
Nal0whs said:Leonel is the best thing to have happened.
Nal0whs said:The data shows what's happening, shows the better conditions the economy is in as of now compared to this time last year and the prospects are higher, better, and more positive since Leonel left power in 2000!
Nal0whs said:You guys are pathetic to the fullest degree. I can't believe what I am reading here, unbelievable.
What exactly do you want us to do?(As an aside, I personally find the Caribbean custom of immediately looking for any alternative to accepting responsibility to be less than charming.)
I'm trying to focus on the future, but people are still acting as if Hipolito is still in power.Few would argue Hipolito was a force for positive change. He will judged by history, and his government is now part of history. Let's focus on the present and the future, shall we?
Of course the economic crisis was worsen by corruption, hello, Bank Collapse!!Leonel made many declarations against corruption. What has he initiated toward that end? Do you feel there is any link between official corruption and the ongoing economic crisis? Should we assume Hipolito's indefinitely postponed appointment with justice officials and the meeting between them and Leonel's people in the hours before the original date are coincidental?
Well, the alternative would have been becoming the most expensive place to live in the world!The peso has recovered much of its value against the dollar. Unfortunately, that does not matter to anyone who earns their living or has their savings in pesos, because far fewer prices have moved than have remained at 50 pesos to the dollar levels. The international financiers have yet to put their money where their mouths are. The Central Bank is, well, still the Central Bank. The cost of an evening out in Santo Domingo rivals the cost of an evening out in New York or Paris, but only in cost.
This is a bit redundant.One should not confuse being observant with being judgmental. I try to keep an open mind and I hope for the best. Recently, the line between hopefulness and disappointment is becoming rather thin.
If FZs went up by 3.5% last quarter, then they went up by 3.5%.These numbers are considered by just everyone highly dubious. I assume even you are a tad curious about them. I noticed you didn?t bring up the PLD propaganda about 3.5% increase in the FZs (I guess it couldn?t pass the giggle test)
This definitely fails the giggle test.
I'm sure you would have loved for it to be 100:1, yeah, that makes you smile.Sure, every company ?stabilized? prices at a 40-50:1 exchange rate. However I do admit to enjoying the unusual profit margin, however the PLD seems to want it in new taxes (not that they are going to get it anytime soon, but they are making efforts.)
Of course, no DR1 was complaining when in the past two years Bear Stearns correctly gave gloomy predictions, but now that things are turning better, suddenly there is suspicion?Bear Stearns always has an agenda, and due to your background you should know that as well as anyone. IMF is not exactly pleased at the moment, and that brings us back to agenda point again anyway. Lets not forget the current credit rating for the RD as well.
More of the same, but life today is not nearly as bad as it would have been if things would have really continued to be the same!I had great hopes for him, I admit to this. However he is just more of the same, just a tad more subtle (with the exception of the Island and Metro..hehe)
If you are waiting for change tomorrow, then here is a hint:I have not seen anything fundamental change in RD models, only new taxes and ahem new "political revenue streams" :bandit:
But it was believable when they were very pessimistic. Oh yes, very believable then, but now that the signs of change are upon us, suddenly it's "not truthworthy".Unbelievable, much like anything that comes from the RD Central Bank
Golo100 said:I really feel sorry for the rest of Latin America. Right now Leonel is closing in on Hipolito as the worst president ever in DR. Leonel is so full of himself, which is mostly manure, that by the end of his fourth year he will be lucky to be in office.
TW
Nal0whs said:If FZs went up by 3.5% last quarter, then they went up by 3.5%.
If you noticed on the report, the central bank stated the growth for the first quarter of 2005. Now, one quarter in a year is three months and the first quarter is January, February, and March combined.
If you notice on the report, they did admited that FZs grew by 3.5% during those months, but they dispute whether that's true today, as if the CB has been reporting about today.
That is just journalist writing stuff, because they got nothing else to do.
I'm sure you would have loved for it to be 100:1, yeah, that makes you smile.
The way government gets revenue is through taxes. Hippo did quite a job at the reserves and national debt, the least the current administration can try to do is pay off the minimums, at the very least!
Of course, no DR1 was complaining when in the past two years Bear Stearns correctly gave gloomy predictions, but now that things are turning better, suddenly there is suspicion?
Oh please...
More of the same, but life today is not nearly as bad as it would have been if things would have really continued to be the same!
Hmm, seems like different to me! Of course, I don't expect for the changes to be obvious tomorrow, it takes time.
I've been saying since October of last year that the Peso was going to Stabilize around the 30 mark, that inflation was going to be halted, and in December I mentioned an economic growth rate of around 5% this year. So far, everything is going on target to what I have stated, as usual.
Why?
Because I base these things on fact, knowing how Leonel works based on his previous rule over this land, and on not focusing on what I think should happen, but on what the data says will happen given the circumstances and the adjusments.
Now, people could continue to criticize me and continue to be proven wrong (more than a few have been very quiet lately, I'm not being challenged as often as I am used to on DR1 with respect to the economy, makes DR1 a bit more dull for me).
BTW, I do make incorrect predictions and assumptions from time to time, but my intuition is still very good.
If you are waiting for change tomorrow, then here is a hint:
You can stop the anticipation because you will not see the results tomorrow, instead it takes time for change to come rolling through.
Like I previously stated to the other guy here,
if it took you a year to gain weight, expect at least a year to lose it!
But it was believable when they were very pessimistic. Oh yes, very believable then, but now that the signs of change are upon us, suddenly it's "not truthworthy".
I hope I'm wrong about the expats, but it appears that bad news is a plus among you guys and good news, well at least when its good Dominican news, well suddenly it becomes the center of discussion, suspicion, and debate.
Actually, Nals, many of the posters on DR1 were quite incredulous when, in 2001-2002, Wall Street was pushing DR sovereign bonds with rosey stories about the DR economy (all based on growth that occured during the 1996-2000 Fernandez administration) while those of us with our feet on the ground in the DR could see that the PRD was bankrupting the country. Oh the glowing reports coming out of Bear Stearns, JPMorgan, CreditSuisse, etc., all while most here could see the train wreck coming and said as much! Wall Street didn't react until the train wreck actually occured and the bloody bodies were scattered all over the tracks. The only question was whether Wall Street was accidentally or intentionally blind. I suspect the latter.Nal0whs said:Of course, no DR1 was complaining when in the past two years Bear Stearns correctly gave gloomy predictions, but now that things are turning better, suddenly there is suspicion?
Chirimoya said:Crikey! Golo's back - with bells on!
I can think of many who would resent that remark:Jon S. said:Remember that Golo was the only one who had a clue at the time???