- Thread starter samanasuenos
- Start date
The DR and the Recession of 2008
You are more of a Dominican than I am. I am by blood but have come to detest the DR. I find it a country with no resolve to exterminate the criminals, the gangs, the murderers.
There is no order and discipline at present. My only hope are the hard core Truj.....tas and Balagueristas in New York City who swear they will rebuild the Old Republic into a bastion of ORDER and DISCIPLINE.
At present, with the PLD routing Ramfis I see no hope of that unless Ramfis with the support of the military engage in a coup. I have asked them that many of us would support the destruction of democracy in the DR.
I am not alone in this desire but I see no ability on their part to do this and thus have abandoned any desire of going back to that moral cesspool of a nation.
Many, many people feel the same way, O/C.
Unfortunately, the DR debt puts the country at the mercy of international banksters, like the IMF, and any move toward squashing the criminal element with an iron fist would be impossible.
You must be expecting some sort of miracle then.................... let's hope it is not like the recent cross toss in Puerto Plata;
Those are some seriously concerning numbers.
December 31, 2020 is not that far away.
And please do not buy Dominican bonds.........unless you are trying to send your money to die.
Respectfully,
Playacaribe2
This is very good information. 5.6 percent growth is predicted in 2021 after a 3.5 percent drop this year. Hopefully the predicted rebound next year is correct.
Certainly the information is good to know........but the anticipated results are in a word.......concerning.
The DR economy has grown at 6+% for years..............and they have budgeted and borrowed as though that 6+% would not only continue but actually rise.
Now we have a projected -3.5% for 2020 and a +5.6% in 2021. That translates to a 2 year growth rate of just over 1% per year. That cannot support the DR financially going forward without either new taxes or more borrowing or what is more likely............both.
This may not be the Baninter problem of 2003-2005 or the world financial crisis of 2008-2009...............but it definitely will continue to negatively affect the peso for some time to come.
Moral of the story............for the time being......................do not hold large amounts of pesos.
Respectfully,
Playacaribe2
The DR is behaving as if it were a 1st world nation which it is not. The PLD may pay its government officials 1st world salaries but it is a 3rd world nation. Their containment efforts are worthless.
There is no health care system by comparison. The fact that Dominicans live on top of one another like ants is a plus. It will aid the coronavirus in quickly spreading throughout the population.
Absent a truly functional health care system, those who die from quick spread versus governmental lockdown measures will be the same. The duration differential is the only variable.
Therefore, a quick spread is much better to mitigate the economic carnage impacting the lower and middle classes at present. No income and limited to zero governmental assistance is creating severe pressures to these two groups as we speak.
Pichardo come back and give us some good news even if it is FAKE NEWS.
Here's a statement Pichardo would approve. The peso is strengthening for reasons I can't fathom. It is back down to 56 last I heard.
This is the only way to resurrect Good Ole Cris Colon. Keep him up on top LOL.
Where the heck have you beenPichardo come back and give us some good news even if it is FAKE NEWS.
Here's a statement Pichardo would approve. The peso is strengthening for reasons I can't fathom. It is back down to 56 last I heard.
Hmmmmmmmm...
And now we have the second quarter and first half numbers.............creating a whole different look;
Dominican exports fell 7.97% during first half
<p>Santo Domingo.- Total exports from the Dominican Republic fell 7.97% during the first semester of 2020, compared to the same period of 2019. The data is contained in the Trade Magazine published by the Customs Directorate, which indicates that during the first half of this year total exports...
dominicantoday.com
December 31st is not that far away.........
Respectfully,
Playacaribe2
Distraught over who Abinader has chosen to head Migration. He's a PRO Haiti Dominican. The DR can not feed its children and the Haitians. The PLD is going to look like the FAR RIGHT if Abinader's appointees go through with their agenda. If there ever was a time for a Nationalist to rise up, now is the time. The problem is that such a FAR RIGHT gun toting gun slinging gambler is nowhere near the horizon. The DR is doomed. Hopefully, foreign investors will see what's coming and head for the hills. Only economic devastation can alter the Dominican Communists plan to meld Haiti and the DR into one.
If these politicians keep talking about growth, there's no way in HELL they will be able to repatriate to their country of origin the millions of undocumented Haitians in the DR. The international community won't allow it. I feel for the millions of impoverished Dominicans who will have to compete for extremely limited resources with these illegal inhabitants in a country that hasn't seen any type of economic betterment or progress for them.
The inner circle of gov't cronies and their sycophants will always see this type of growth as they award themselves with all the trappings of government largesse. They'll continue to milk the international community of any and all means of grants, loans, DFI, bonds, aid, etc. They've gotten good at the game of Wall Street producing cockamamie financial instruments and vehicles to keep the money flowing for the sole purpose of self enrichment and perpetuation.