Alberto Ramos
Alberto Ramos
Alberto Ramos Sesmawas a Mexican polo player. He competed in the 1936 Summer Olympics. Born in Zanatepec, Oaxaca, he was part of the Mexican polo team, which won the bronze medal. He played all three matches in the tournament...
copper demand means picture prices remain supply
The picture for supply and demand means that copper prices will remain high.
activity bit came domestic fall growth imports last lowest pace percent pick surprise year
The other surprise was that imports came in a little bit too low, 14 percent growth year over year is the lowest year over year growth in the last two years... I think the fall in imports is a little bit atypical. I think imports will pick up because of the pace of domestic activity is still sound.
beginning bonds credit crisis debt eventually few followed grade investment investors lead market mid operation reminds stage status stigma trading within
This operation removes the stigma of having bonds trading in the market that reminds investors of the debt crisis and moratorium of 1987 followed by the restructuring of the mid 1990s; signaling the beginning of new stage that could eventually lead the credit to investment grade status within a few years.
above continues copper derived economy expand government price save tax
The government continues to save a substantial part of the copper price windfall and the extraordinary tax revenues derived from an economy that continues to expand above trend.
copper expected given good percent performance rally solid somewhat year
The very good performance of exports, 36 percent year over year, was somewhat expected given the rally in copper prices, but still a very solid number.
despite economy investment level lower recent share spending total
Despite the recent pickup, total investment spending in the economy is still lower than the level of 2001 and, as a share of GDP...below the 1997-2000 average.
activity backdrop buoyant commodity continue growth high monetary offer robust support
A backdrop of monetary tightening, high commodity prices, robust productivity growth and buoyant activity will continue to offer support to the peso.
borrowing costs country government harder lower money numbers opening reduce save short spend
The numbers show that the government is opening the faucets when it should save money or spend more moderately. They may not see a consequence in the short term, but in the medium- to long-term, it makes it harder for the country to lower borrowing costs and reduce debt.
textbook
The two experiences are completely opposed. One is textbook on what to do with a commodities windfall.
average below convinced momentum plausible stage trade
At this stage it does not look very plausible that the Colombian peso will average 2,240 for the year. I am not convinced the peso will have that much momentum to trade below 2,300 again.
continues growth half investment percent spending
Investment spending continues to be very vigorous. There was 26 percent growth in investment in the first half of the year.
bank chance economy expansive growing hiking market percent rates surprises
I'd give it a 25 percent chance the bank surprises the market by hiking rates in this meeting. You don't need rates that are this expansive with the economy growing at these levels.