Resignation of Kuczynski - What's to come?

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gringomisio
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Resignation of Kuczynski - What's to come?

Postby gringomisio » Wed Mar 21, 2018 2:51 pm

Tough news again for Peru now that Kuczynski has announced that he will resign. Instability is never a good thing for a country.

With Kuczynski now exiting the Presidency, how do you think Peru will be affected economically in the coming months/years? Will there be an advance in eliminating corruption or just more of the same quid pro quo to come?

My fingers are crossed for the best of Peru in the coming months... :x


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Re: Resignation of Kuczynski - What's to come?

Postby Alpineprince » Wed Mar 21, 2018 5:54 pm

Do not expect much, will watch the Dollar and Bolsa closely for any opportunity!
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Alan
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Re: Resignation of Kuczynski - What's to come?

Postby Alan » Thu Mar 22, 2018 12:38 pm

Interestingly, the Sol stayed put and the stock market too. It seems that the market had already priced in the risk.

The Govt was counting on a lot of public investment to move GDP, but with a change in the cabinet, this will no doubt slow down. Bad news fro growth and employment.
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gringolandia
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Re: Resignation of Kuczynski - What's to come?

Postby gringolandia » Thu Mar 22, 2018 1:20 pm

There still doesn't seem to be any proof that he himself did anything illegal or even immoral.

However, between the tapes of his party members trading contracts for support, and the relentless attacks by Keiko's party, it seems more clear than ever that both political parties can almost be more accurately described as mafias.

My fear is that this perception will result in a widespread revolt against the pro-economy / pro-business / pro-private property parties and socialists will come to power, at which point you can kiss Peru's future good bye.

I really have no idea how likely this actually is, but it seems far more likely now than it has in the past.
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Re: Resignation of Kuczynski - What's to come?

Postby SilverbackPeru » Thu Mar 22, 2018 5:16 pm

[/quote] My fear is that this perception will result in a widespread revolt against the pro-economy / pro-business / pro-private property parties and socialists will come to power, at which point you can kiss Peru's future good bye.

I really have no idea how likely this actually is, but it seems far more likely now than it has in the past.[/quote]

Great video on how Peru managed to change it's economy around by being pro business and how they've kept national spending under control. Unfortunately if some extreme socialist party gets in and starts with a government program of huge public spending and is anti investment then it could all come crashing down. Which really shows how easily things could change for the worse and how the economy isn't as stable as some people suggested when talking about house prices in previous threads.

youtube.com/watch?t=177s&v=EmKpSa0hvOc
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gringolandia
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Re: Resignation of Kuczynski - What's to come?

Postby gringolandia » Thu Mar 22, 2018 5:53 pm

Yes, good video.
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Re: Resignation of Kuczynski - What's to come?

Postby windsportinperu » Thu Mar 22, 2018 6:50 pm

The balance of this situation is something as follow:

After the confrontation, Keiko's Party gets weaker. She's seen as troublemaker and as a very bad daughter

Kenji is seen as a very good son, but probably is going to be jailed . It will take time, but after the kenjivideos, the evidence is there

Martin Vizcarra the former Vice-President, will be the new President of Peru. He is well-prepared engineer who will know how to drive the Economy.

Julio Guzman's party (partido morado) , gets stronger

The Economy will follow the same path, no major changes.

Communism and Socialism are not appealing to the Vast Majority of Peruvians.

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