captsirl wrote:To whom it concerns
Volunteer and donate
tomsax wrote:I guess I need to learn more about how bonds work and their relationship with base rates.
tomsax wrote:Why do they have a high interest target rate?
tomsax wrote:To control price inflation or is there some other reason?
craig wrote:tomsax wrote:
I guess I need to learn more about how bonds work and their relationship with base rates.
There is nothing complicated about it.
Suppose you have a bond which will pay you 1000 soles in one year.
If you buy it for 950 soles then you will, in effect, receive 50 soles interest on 950 soles. That is an interest rate of (50/950 = 0.0526) 5.26% pa.
If you buy it for 900 soles then you will, in effect, receive 100 soles interest on 900 soles. That is an interest rate of (100/900 = 0.1111) 11.11% pa.
mtwilson wrote:Well it's been awhile since I looked at this thread and boy oh boy did this thing take off.
And for those of you who think that the private sector is going to fix this I can tell you what has happened when they have tried in other places. The scheme that is usually attempted is what they did early-on in the US. A subscription or insurance service with competing fire departments who sell their services to those who can pay. In the old days they used to identify the buildings that were covered by the subscription with a plack placed on a promenant wall outside the building and if you had that, and it was valid, the fire fighters went to work. If not, too bad for you.
rama0929 wrote:I still think no one will do anything until an orphanage burns down a convent. Hopefully, they'll prove me wrong.
tomsax wrote:rama0929 wrote:I still think no one will do anything until an orphanage burns down a convent. Hopefully, they'll prove me wrong.
Or another fire in a one of the night clubs frequented by the wealthy. Anyone remember the fire of 2002?
I remember billboards paid for by families who had lost their loved ones after that fire with the teenagers photos on them and demands that those responsible be made accountable. I doubt if the same campaign would have been made for the same number of orphans killed but perhaps I'm too cynical.
I think Defensa Civil has got a lot more difficult to satisfy regarding emergency exit requirements, signposting and emergency lighting. The problem is so many businesses ignore these requirements with impunity anyway.
Jimmy111 wrote:Allen mentioned that Peru has a surplus or something like 20 billion dollars and potential investments of 50 million dollars.
Just wanted to say that that is chump change.
Code: Select all
GDP $153 Billion $15,319 Billion 100X
GDP per capita $10,000 $48,000 5X
Public Debt 15% GDP 98% GDP
Revenues 24% GDP 15% GDP
Expenses 26% GDP 24% GDP
Reserves 32% GDP 0.9% GDP
VicManu wrote:First of all I agree with all of You that the firefighter department should be better equipped and trained. I agree, it's so difficult for them to have acces to a water source most of the times they need it.
VicManu wrote:It's funny most of the data and the information here is false.
First of all I agree with all of You that the firefighter department should be better equipped and trained. I agree, it's so difficult for them to have acces to a water source most of the times they need it.
The huge fire that killed almost 400 people in 2002 happened in Mesa redonda besides the central market in downtown. I remember it happened before christmas 2002, The place was packed there were vendors stalls placed on the roads and sidewalks blocking the acces of cars . Most of them were selling fireworks. I remembered it happened in the afternoon when most of them were carrying their stuff to the storages located in the galleries. suddenly a stall was burning also the firework was burning and it sounded like gunshots , someone warned the people in the galleries that a runsacking was happening and most of them shut the gates of their storages with them inside. The firefighters were close to the place but their trucks couldn't acces to the place because the roads were blocked by the stalls and by the chaotic electricity wires , almost all the stalls were stealing power from the electrical posts.
the expectation of investments is 50 thousand of million dollars ( 50 billions ).
Peru was paying the external debt for long time following el consenso de washington of the 90's. That's why now the debt is only 15% of the GDP, but during the 80's and the 90's it would be more than 100 %.
Peru is offering bonds to the internationasl markets remember there are short term and long term bonds, and now the interest rate of the peruvian bonds are for low interests because in 2010 Fitch , Moody's and Standard and Poors gave to Peru the investment credit rating. The next 5 years peruvian governement has to pay the amount of 1.5 billion dollars of bond interests while Brazil has to pay 930 billions Colmbia has to pay 9,8 billions and chile 5.5 billions.
this is part of an article about Peru's offering of bonds:
"Issuance of Peruvian global bonds reached USD 6.4bn in 2010. The government of Peru issued USD 2.5bn in global bonds, including PEN 4.2bn (USD 1.5 bn) of Peruvian new sol denominated bonds due 2020 and USD 1bn of 40-year sovereign bonds. Peruvian corporates sold USD 3.9bn of eurobonds in international debt capital market in 2010.
During the first three quarters of 2011 flow of global bonds from Peru totaled USD 1.435bn."
The reserves of Peru now are almost 60 billion dollars.
And the External public debt is only 15% of the GDP. So it isn't true that the peruvian economy is an economy of debt. Check your data before You'll get a conclusion.
last year the external investment was 7,8 billion dollars, the remittance of the peruvians who emigrated was about 2 billion dollars the ammount for exportation was about 45 billion dollars.
Jimmy111 wrote:Again I ask, where did the money come from to build the economy, build all the new buildings, fix all the roads and the canals in the Andes? Did it come from the great Peruvian economy? Peru has no economy. As you said 60 or so billion. It is nothing. What is paying for all these improvements??
Loans. Debt. Not the profit from the Peruvian Economy because there is no economy.
Peruvians have a huge amount of debt. And no way to pay it off. Many have been bamboozled into buying apartments in the last 10 years that they will be paying for for the rest of their lives. The interest rates are high and in most cases the apartments are bought by multi generations of families. All sharing the debt. This means that the apartments cannot be used as collateral by a single person. Most of the profit from these buildings is taken out of the country. Some is reinvested but just as soon as the market reaches saturation the investors will pull out and go somewhere else. Instant stalled economy.
Also take into account that most of the new buildings will probably fall over in the next earthquake. Which is already late. The later it comes the bigger it will be.
15 years ago in peru almost no one had any debt. Today, everyone is in debt.
The situation like I said before is simmilar to Californias in 2005. California had so much extra cash it gave it back to the people. One year later California found itself seriously in debt because the people had reached their credit limit with all the new over priced housing, easy credit cards, easy consumer debt. We all know what is happening in California today.
Just like peru today.
The economy has to be based on profit to survive. Not debt as it is today. The economy is using other peoples money . Not the peoples of Peru.