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Thursday, August 23, 2007


Most international economists say that while the U.S. mortgage lending crisis will not have a catastrophic impact on Latin American economies, it could hurt them somewhat. I would add that, in the longer run, it may actually have a positive impact on the region. Read here why I think there could be an upside, and let us know what you think.


Anonymous Anonymous said...

from: Paul Thørsen

åndêrš, you finally got it right by trying to get Latin America to emulate India, China and eastern Europe. That is the first step, now I want to see other concrete steps Latin America should do to make your countries better. All you people survive on now is money smuggled out of the USA, cocaine production and massive aid from the USA/Anglos.

10:52 PM  
Anonymous Anonymous said...

I completely agree that the crisis would be an incentive to modernize economic policies, especially if the economic fallout includes drops in commodity prices on which Venezuela's spending specifically has been based. However, I am no as optimistic that economic reforms will follow. In Venezuela you don't have a reasonable leader, just another ideologically based system that began even AFTER China and Russia gave up on communism in practice. If someone is bull headed enough to try communism now, I don't know if that same communist leader will now see the light even under economic crisis.
Argentina, on the other hand, would have to look at other options, as they would no longer be influenced by so much Venezuelan aid. If/when oil prices drop, Argentina will have to again seek the involvement of the international community as investors rather than ideologues as sources of charity.
The pain throughout latin america will be felt, and indeed strong and responsible leaders may be able to motivate their countrymen to pass reforming laws to strengthen their capitalist economies rather than bury their heads in the sand in blind ideology to spite the US or to temporarily hide from the rest of the world while it progresses with modern, science-based economics.

2:21 PM  
Anonymous Anonymous said...

Having done some research into living conditions I have made the decision to move to the US! Apart from the medical care (which having just watched the film Sicko I am slightly concerned about) I have decided that there are more positives then negatives and am therefore very excited about the prospect of moving.
However I am concerned with purchasing a house, are mortgages over there the same as there are here? Do I need a large deposit and having spoke to a few people online I am concerned I wont be able to find a company to give me mortgage broker bonds.
and if I cant can I buy a house? Also I am familiar with the term surety bond so is a mortgage bond just a guarantee I will pay on time or is it more?

9:22 AM  

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