Andrew Cooke | Contents | Latest | Previous | Next

Looking Good, Chile

From: "andrew cooke" <andrew@...>

Date: Wed, 19 Nov 2008 22:04:43 -0300 (CLST)

I know the central bank isn't going to talk the country down, but this is
pretty impressive anyway -
http://www.bcentral.cl/eng/policies/presentations/board-members/pdf/2008/jdg18112008.pdf

The chart on page 32 is particularly eye-catching.

I guess the issue now is: how do you tackle inflation *and* recession?  Is
inflation really going to just disappear?  I think I will still be
investing in a UF account (our "emergency fund" (in a fixed term deposit
with short term penalty access) is about to expire and I need to decide
whether to invest in pesos or UF (index linked) - if prices drop then UF
makes no sense...)

Andrew

On the Other Hand

From: "andrew cooke" <andrew@...>

Date: Thu, 27 Nov 2008 07:11:47 -0300 (CLST)

I didn't realise the recent inflation was an explicit devaluation -
http://www.bloomberg.com/apps/news?sid=ac.FOzb.JUTk&pid=20601086

Andrew

Chilean Liquidity Crisis, November 2008

From: "andrew cooke" <andrew@...>

Date: Mon, 1 Dec 2008 07:10:34 -0300 (CLST)

Some details of what happened here last month -
http://www.businesschile.cl/portada.php?w=old&id=694&lan=en

Andrew

Another Positive Assessment of Chile's Position

From: "andrew cooke" <andrew@...>

Date: Wed, 10 Dec 2008 23:08:45 -0300 (CLST)

"Latam watchers ought to ask themselves not only which countries can avert
a crisis, but also which ones have the most levers to pull in order to
lean against the strong global headwinds. And on both of these counts –
namely macro stability and the ability to engage in counter-cyclical
policies – Chile seems to be in a league of its own."

http://www.morganstanley.com/views/gef/archive/2008/20081125-Tue.html#anchor7229

Andrew

Comment on this post


Bookmarkz