www.CostaRicaTicas.com

Yes, I was teasing "Miami", we're fellow South Floridians do I'm betting both of us are terrified of an Andrew Geller becoming governor, lol.

When you coming down again? We'll hang out, smoke some stogies and get our feets massaged...

Seriously, I'll return to just focusing on the colones rapid declined and expertly predicted by an economic genius who started this thread, all the way back in September, when everyone else was an uninformed doubter with no economic vision.

Once again, as is always the case, I am proven right, triumphant and vindicated...

But the truth is, I AM without question, a "troller".

Yes, I confess, I AM a troll...I troll for 20 something Ticas, Nicas, Colombianas, Venezuelans and Dominican Republicanas...I'm starting to get good at it...

Jawanker, I do appreciate you standing up for me but yes, Miami and I are buds and he was teasing me in a private joke kind of way, and me back, so if someone was unaware we knew each other, it could have been misinterpreted as a potential squabble in the making.

But you are on to one thing, "we are divided enough". In all my 15 years of coming to CR, and over 7 years of being a faithful CRT member, I have not endured and suffered as many grumpy irritable old farts as I have been this year, many on CRT.

Hey brothers, it ain't my fault vitamin V no longer works for ya, quit being so crabby, judgemental and frustrated...you still have your tongues!!!!

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Don't try to understand 'em, just rope 'em down and brand 'em...

A broken clock is always right twice a day...

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Don't try to understand 'em, just rope 'em down and brand 'em...

Sorry, I didn't know that you and Net were buds, as he made clear.

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" Omit no happy hour that may give furtherance to our expedition."

People kind of get obsessed...is it 600? 610? 590?

I just did a calculation on my modest retirement income before I work my part time job, I'm getting over $100 a month than when I just retired here in January and the following months before it started spiking...

If you go to Relax or Monica's and get a 30 minute session for 14k and you're a decent monger and give them a 6k propina, (or a miserable cheapskate and get the one hour for 20k and no propina, probably my grumpy detractors ) that's 3 more sessions per month!


works for me...

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Don't try to understand 'em, just rope 'em down and brand 'em...

Still climbing and now holding semi-steady over 600, next prediction :

If the USA elections are a "draw", meaning slight win in the Congress for dems, just by a small margin and Republicans keep the Senate, no change, onward and upward, albeit at a slower pace.

If Dems take big control, heavy win in the Congress, sweep governorship races and the Republicans only barely hold the Senate, the rise will stop and maybe recede.

If Republicans shock the world like they did in 2016 and keep the Congress and defeat the Dems running for governorships, the Senate is pretty much expected to remain Republican no matter what scenario, but if they win big there as well... 700 by December, You heard it here first, Netgems the Oracle....

This is not meant to become a political discussion, but it affects the Colones/Dollar long term expectations so I want to bring it up, but I've vowed not to get into political arguments here, supporting one group or another, just issue my economic prognosis based on economic realities.

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Don't try to understand 'em, just rope 'em down and brand 'em...

https://www.xe.com/currencyconverter/co ... USD&To=CRC


Ok, ignore the 615+ rate displayed, this isn't an argument for that, gold is also currently at $1230 an ounce but regular guys on the street turning in their jewelry aren't getting that either, it's a marker.

Pay attention to the graph below. It's showing a new norm, 600 is now officially breached and settling over 600...

The question is will it hover in that range or suddenly spiral up again....

Stay tuned...

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Don't try to understand 'em, just rope 'em down and brand 'em...

11 AM yesterday:612 at most banks here.

11 AM today: 623 at most banks!

Not hovering today! In other words, not waiting to see what happens in the election!! Hmmmm! Do they know something we don"t??

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Old and retired but still bang, and bang, and bang!!!

USA elections will have zero effect on exchange rate. Look for the devaluation to continue

Normally you might be correct, but the CR colones is tied to the US dollar and with the combo of over borrowing and trying to keep up by the inept and corrupt CR officials even under normal situations, the colones variance will be at least partially affected by the strength and expansion of the US economy which it can't keep up with even under modest circumstances.

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Don't try to understand 'em, just rope 'em down and brand 'em...

I believe what Zman is saying is no matter what happens in the States the colon is going to continue to drop in value. Just yesterday the CR government announced they will need $1.5 billion just to complete the year and that is 1.5 billion they do not have!! And they have essentially more than reached their credit limit. Their credit rating was just recently down graded making it virtually impossible to borrow any more. People in the country have already bought up much of the countries debts and I seriously doubt that even if they still had funds they would be willing to sink more money into the government until it makes some major changes in its fiscal policies. This is a sure sign the colon is going to continue to go south no matter what happens to the dollar. What happens to the dollar will only affect how fast or how slow the colon drops. JMHO

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Old and retired but still bang, and bang, and bang!!!

I believe what Zman is saying is no matter what happens in the States the colon is going to continue to drop in value. Just yesterday the CR government announced they will need $1.5 billion just to complete the year and that is 1.5 million they do not have!! And they have essentially more than reached their credit limit. Their credit rating was just recently down graded making it virtually impossible to borrow any more. People in the country have already bought up much of the countries debts and I seriously doubt that even if they still had funds they would be willing to sink more money into the government until it makes some major changes in its fiscal policies. This is a sure sign the colon is going to continue to go south no matter what happens to the dollar. What happens to the dollar will only affect how fast or how slow the colon drops.


Then we're both right, I never suggested a reverse would occur, just a short halt or at least slowdown if Dems win strong, then a slower continuous fallback than if the current administration holds. The colones will still be crashing, just the speed would be adjusted as the U.S. economy adjusts to its own internal struggles.

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Don't try to understand 'em, just rope 'em down and brand 'em...

"they will need $1.5 billion just to complete the year and that is 1.5 million they do not have!"
Is that correct, that's a drop in the bucket, US will prolly provide in AID, strange the USA's
budget is running a massive deficit.
Regards, 911 Diver
So submit Billion for Million ?
Regards, 911 Driver

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The happy hour is a device either for getting rid of social obligations hurriedly en masse or for making overtures toward more serious social relationships, as in the etiquette of whoring.- Brooks Atkinson

Sorry about that!! I just corrected my post!"They will need $1.5 BILLION just to complete the year and that is #1.5 BILLION they do not have". And yes, either one, BILLION or MILLION is nothing compared to the US deficit, BUT we are also talking about a country of less than 5 million people vs. a country of over 300 million. Also a highly developed country with a huge industrial base vs a country with almost no industrial base. And from what I hear and read, it seems they do not feel they can count on the US coming to their aid!!

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Old and retired but still bang, and bang, and bang!!!

Got 620 at the BAC in SJO arrivals this afternoon

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its easier to fool people than to convince them they have been fooled- mark twain

CR has been broke for awhile now. They are unwilling or unable to continue propping up the colone.
If the government can't pay the aquilnado to its employees this yr all hell will break loose.