- Thread starter playacaribe2
- Start date
Economy Holding Up Well
Well Bob I don't agree with you . This government has done more for infrastructure in the past 2years than any other. And first year was spent removing the SH^^ from office.. they are trying.
I agree that water is likely the number 1 limiting factor, electricity is number 2. Neither of which are handled well at all here.
The difference with water is that in some locations, wells can be put in to work around the water problem until the level of the aquifer drops.
Bingo. but I am called angry if I point this out.
Dead on point 🎯 there brother. I experience way more water outages (and for me that is way more serious) than electrical outages. But I also have a tinaco in order to counter that.
As for the well, I have already experienced a failure requiring a relocation and drilling of a new well.
You got issues bro. You know you started out asking if I was angry in another thread. Do not dish it out if you can't take it.
Can we move on from THIS particular issue. It is not like we are talking about immigration.🤪
The issues I have are with Edenorte and CORAAPPLATA. I agree I have issues with them.
Less now than before with Edenorte and far more now than with CORAAPPLATA.
Steps have been take to remove CORAAPPLATA as a problem, but for those steps to work, pumps are needed
and those require Edenorte to be on.
Nothing you can type on DR1 is an issue for me, it is simply adds to the amusement of the posts here..
Beautiful‼️
All issues that I have with entities that are WAY bigger than I am I just deal.
I do what I need to do to make the adjustments in order to improve my quality of life.
See your bold text...note that I feel the same way about your posts.
That puts us in agreement.
Better Economy in 🇩🇴
More money for DRGOV
More potential for improvement in the quality of life here.
🏀 Hmmmmmmm...
We all have our opinions. The current president is rewarding his friends in tourism , which help him enrich himself even more. ELECTRICAL DELIVERY IS EVEN WORSE THAN THE PLD, AS IS THE EDUCATION MINISTRY.
As another user said, if the DR wants to advance it needs stable and cheap power. The DR should solicit China's help in developing a regulatory framework for nuclear power and building nuclear power plants. Punta Catalina cost over $2.5 billion; for that amount you could have made serious progress in developing the nuclear industry here and built a reactor generating power that's much more cleaner and stable than coal.
PC: One of the real challenges ahead IMO are the economic challenges facing the U.S. The next 6 months could be a real game changer in regards to the ability of the U.S. side to send remittances. The fed wants another ONE POINT. What will an additional one point do to the housing market?? I got to believe that many of the "remitters" have mortages on there property. Putting that aside for a moment many many jobs in the U.S., are going in the toilet bowl along with the stock prices of hi tech. I would think that will affect remittance AND tourism. If we assume that the tourist numbers are fake how bad can tourism get. Yes, we had a BIG spike after covid but honestly ppl were so fed up with staying home they would have gone to Coney Island in Brooklyn NY.Good news and more good news..............for the short/medium term;
International reserves of the Dominican Republic exceed US$14.25 billion
<p>The tourism sector could reach US$8 billion by the end of 2022 The Central Bank of the Dominican Republic (BCRD) reported that international reserves remain at historically high levels, around US$14.25 billion, equivalent to 13.1% of GDP and 5.9 months of imports, exceeding the metrics...dominicantoday.com
A growing economic base and a competent government...........two important keys for continued success.
Challenges ahead for sure, but this has to be one of, or the most competent government in the last 25 years.
Respectfully,
Playacaribe2
Then we have confidence in the future factor: I'm not going to go there bc that might be too much a stretch against the TOS here but think: What party is coming in next and how will that economy affect the DR economics. IDK.
Opinions stated are JUST opinions of the writer.
Unlike 2008, personal balance sheets and savings rates are in good shape. True, the fed is reducing the Money Supply and raising interest rates at the same time, This will likely lead to a slowdown, but not a disaster..........as was 2008. The Fed will likely do 75bps rises for the next two meetings and then pause. Housing remains strong, but will have to cool down..............and interest rates rising will help. We are just trying to return to a more normalized economy........interest rates included.
The job market is as strong as I have seen it in my lifetime. I see unemployment ticking up..............but again to a more normalized rate around 4.5-5%. I think the tourist numbers eventually posted by the Banco Central are accurate.............but not some of the ridiculous press release statements from the various government tourism agencies and others, some here, concerning those numbers. All equity markets go up..............and all equity markets come down. From a macro perspective, looking at the long term history................the slope of the chart is from lower left to upper right.
You make a valid point to explain the tourism numbers being driven by pent up demand from Covid. Will it continue past the summer tourist season?
Certainly confidence in government plays a big part in the economy.....witness President Abinader, who for whatever you may think of him, enjoys a great deal of popularity.
And yes if the US sneezes, the DR catches a cold. With 50% +/- of tourist revenue coming from the US, and the US being a significant trading partner, it is almost inevitable that they are joined at the hip............economically.
Respectfully,
Playacaribe2
Whatever happened to those wells and pumps that were going to be put in near you to alleviate the problem? Was that ever done?
I have never let current economic conditions affect my vacation plans.
The average working person has to plan out vacations months in advance both for money and for their pay masters to give them permission to use the vacation time that they have earned.
Even so, if there is a pull back it will be a lagging indicator that occurs way after any real effects occur in the countries that drive tourism in the 🇩🇴 .
I have no proof of this, but I am willing to bet the money being sent does not move up and down with economic cycles of the individuals sending the money. They either have the money to send or they don't.
Anyway, none of the predictions written up here are worth more than the money each one of us paid to read them.
The average working person has to plan out vacations months in advance both for money and for their pay masters to give them permission to use the vacation time that they have earned.
Even so, if there is a pull back it will be a lagging indicator that occurs way after any real effects occur in the countries that drive tourism in the 🇩🇴 .
I have no proof of this, but I am willing to bet the money being sent does not move up and down with economic cycles of the individuals sending the money. They either have the money to send or they don't.
Anyway, none of the predictions written up here are worth more than the money each one of us paid to read them.
I saw pictures of several "pozo tubulares" that were allegedly installed near the caves in Cabarete. The amount of water they would provide for thousands of people is like peeing in the ocean. Lipstick on a pig with no real benefit.
I am all for nuclear power as well. Thorium reactors would be good.
Given the issues that the EDEs seem to have with maintenance, I am extremely skeptical of the viability of nuclear power in the DR.
If there is a generation or maintenance problem with existing power sources, blackouts result. That is annoying, frustrating, uncomfortable and many similar adjectives.
However...
Problems with nuclear reactors, especially if not cared for properly, carry potential outcomes that are orders of magnitude worse than blackouts.
As a speculative investor (real estate) I'm going to cool my jets until year end. I'm not comfortable with all that is going on. Way too many variables for me.
Maybe I'm being a little too conservative but that's just me. I think by Jan 1, 2023 we will be able to see the playing field better. Especially with U.S. politics.
Thanks for your insight.