General Info

[Elvis 2008]

Colombia has a $7 billion deficit. What will that mean for the exchange rate?

https://www.reuters.com/world/americ...on-2024-06-04/

https://www.bbvaresearch.com/en/publ...ok-march-2024/

BBVA is projecting the peso at 4300 next year.

I was pretty shocked to see Colombia at a much higher risk of default than Peru and even slightly higher than Brazil.

4300 sounds about right if there is no recession. I think we go back to 5000 or higher if the USA hits recession as people pile into the dollar like they did with Covid. As for why there will be one, this guy lays out the case for a USA recession.

https://mishtalk.com/economics/a-sec...singly-likely/

https://mishtalk.com/economics/i-exp...ercent-chance/

In general, data is weakening across the board. Real disposable income has been negative in two of the last there months.

The BEA mage a large negative revision to GDP and GDI.

Consumer spending took a dive in April and I expect it will stick this time.

Terrible reports from Target and Walmart on discretionary consumer spending.

There have been numerous negative revisions in most of the recent hard data.

Job openings are plunging.

The GDPNow forecast is plunging fast.

I finally expect rent to break the string of 32 consecutive months of rising at least 0. 4 percent.

The July meeting is nearly two months away, on July 31. There is plenty of time for further economic weakening and that is what I expect.

There is no meeting in August. If the Fed is at all concerned about slowing, but not wanting to risk being too late (not that it will matter, but that is how the Fed thinks), the Fed will find a reason for a July cut.

And usually you see a recession when you see people saying the stupidest shit going. Remember the liar loans right before the 2008 recession where it was cool to loan someone making minimum wage a million bucks to buy a house because housing never goes down?

Well, this was some of the stupidest shit I have read, and it was today, https://www.wsj.com/economy/american...efore-84b7a6c6.

Taken together, recent stock gains and bond income have put Hernandez in a better position to achieve his goals of retiring early and helping his two boys buy future homes.

"I'm not going to die and take the money with me," he said.

The income flowing to Americans such as Hernandez has sparked debate among some analysts as to whether higher interest rates might actually be stimulating the economy. End of link.

The USA is now paying $1. 2 trillion annually on interest on the debt. Over the last 10 years, that was $300 or $400 billion. And there are economists debating if that could be a good thing? That is some pretty fucking stupid shit.

Back to the article. Instead, hype around artificial intelligence has helped push major stock indexes near records by boosting shares in tech companies, chip makers and even utilities. End of link.

Yeah, that is what is keeping everything going, the hype of AI. The good part is on the hardware side where Nvidia has been selling enough of the chips to keep the AI hype going, but it is up to the software people to take those chips and do something useful with them. If you look at Microsoft and Google, there are extraordinary AI expected gains priced in their stocks right now. If they fall short, the market is done.

So the USA market has priced in the kid of productive gains for AI seen with the internet or railroads, but I have not seen anything affecting my life from AI yet. It was cute and cool to play with it, but that has been all so far. It is weird to say that the Colombian exchange rate comes down to if the hype of AI is met, but I believe it does.

[Mr Enternational]

Colombia has a $7 billion deficit. What will that mean for the exchange rate?

https://www.reuters.com/world/americ...on-2024-06-04/

[Mr Enternational]

Man who killed DJ girlfriend got 42 years.

https://www.cbsnews.com/amp/news/joh...mbia-suitcase/

[Fun Luvr]

Admins should block all posts with YouTube links. They are only harmful to the community (either through misinformation, or by bringing unwanted attention) and they represent someone attempting to use ISG for financial gain.

This is one time I completely agree with you.

[Woodman09]

Yea the last 2 seem to be just obese guys who died from health issues. I actually posted the links before I watched the whole video.

Most likely more victims from the Clot Shot -- So many Mysterious Deaths in 2023-24. I know the DickHeads who Still Believe in the propaganda that is put out by the BigPharma media working girls will be Triggered by this-- Wake the F up you idiots-- - (Capitalization is not random-- it ios for emphasis see link).

https://english.stackexchange.com/qu...n-for-emphasis

[JjBee62]

Yea the last 2 seem to be just obese guys who died from health issues. I actually posted the links before I watched the whole video.

That's what he expects people to do. His "content" is mostly crap. No fact checking, no reliable sources, and much of it is complete garbage.

Admins should block all posts with YouTube links. They are only harmful to the community (either through misinformation, or by bringing unwanted attention) and they represent someone attempting to use ISG for financial gain.

[Gabacho]

He says he posts these videos as a news services for tourists. But then he records them accompanied by a 'crime scene' background. Couldn't possibly be that he is sensationalising each death from natural causes in order to generate clicks, could it?

Yea the last 2 seem to be just obese guys who died from health issues. I actually posted the links before I watched the whole video.

[JustTK]

A 50 year old US citizen was found dead Tuesday April 30,2024 in the Trinidad barrio of Medellin.

Follow Along.

He says he posts these videos as a news services for tourists. But then he records them accompanied by a 'crime scene' background. Couldn't possibly be that he is sensationalising each death from natural causes in order to generate clicks, could it?

[Gabacho]

A 50 year old US citizen was found dead Tuesday April 30,2024 in the Trinidad barrio of Medellin.

https://youtu.be/Uh1YSeXB7Xc?si=sRV01nVx6WdFDrwC

Follow Along.

[HumbleHal]

35 year old British citizen found dead yesterday in El Poblado. He makes the 29th foreign citizen to die in Medellin in 2024.

https://youtu.be/Hl_BoZjCcFU?si=Xh-V9qzEAON5an34

Follow Along.

Obese and on many medications. No foul play.

[JjBee62]

35 year old British citizen found dead yesterday in El Poblado. He makes the 29th foreign citizen to die in Medellin in 2024.

https://youtu.be/Hl_BoZjCcFU?si=Xh-V9qzEAON5an34

Follow Along.

Let's see. 659,000 foreign visitors last year, roughly 1,800 per day. 120 days so far this year, or 216,000 visitors, with 29 deaths. That's 0. 013%.

Every year, around 5,000 US travelers die while traveling abroad.

Not sure why it's important to follow along, or follow a YouTube provider who apparently can't handle simple math.

[XXL]

Entrapment? Not likely. And what is a minor for prostitution purposes. I know the answer but in the US and other countries and in Colombia this aspect of law is the same. And what you refer to as a minor by common law is ridiculous. It is not common law, it is statute law, and it is no excuse to somehow think that it is less wrong to be with a minor sex worker. Whether some were unknowingly with someone under 18 in a prostitution situation. Yes that has happened, and is very unfortunate. But it is up to all that are part of this to be quite sure that you are not over this line.

And in Colombia you may get arrested in any manner they choose.

Anyway, I'm not a fan of the mayor or others implying that it is only the dirty gringos doing this. That is political and does nothing for the estimated several hundred thousand victims in the country. Hopefully that will be dealt with as well, even if it does not get the same publicity. There is awareness of the problem, and the internal look will come because many people there know it and can point it out.

Well, there's nothing to worry about then. All is well.

[Flawless Zeal]

35 year old British citizen found dead yesterday in El Poblado. He makes the 29th foreign citizen to die in Medellin in 2024.

https://youtu.be/Hl_BoZjCcFU?si=Xh-V9qzEAON5an34

Follow Along.

Found in a hostel by his girlfriend, no signs of violence, empty medicine bottles, and obvious obesity-related health problems. Stop needlessly fear-mongering.

[Gabacho]

35 year old British citizen found dead yesterday in El Poblado. He makes the 29th foreign citizen to die in Medellin in 2024.

https://youtu.be/Hl_BoZjCcFU?si=Xh-V9qzEAON5an34

Follow Along.

[LatinaLover#1]

I have visited Medellin about 20 times over the last 8 years with some trips lasting 3 months. I have even gotten functional in Spanish. If you are careful with who you invite and where you stay, there is not a 'high chance' you will get drugged and robbed with any girl you take back. But even if you are careful in how you screen your chicas, it is impossible to make it 'no chance'. A buddy of mine stayed in a building that is well known for great security and was drugged by a chica who had gotten in with a fake ID. I had to lend him money just to eat.

That people will post here saying they personally haven't had a problem is statistically insignificant.

I returned from a 6 week trip last month. It will be my last. I loved MDE. But for me MDE is over. The chicas are getting more mercenary. The locals are getting more angry and hostile. The street has gotten more dangerous. The influx of Nomads and tourists has made logging costs unreasonable. The Peso has gotten stronger making everything more expensive.

I'm heading back to Asia.

Nothing against Venezuelans but its very well known the Venezuelans that have infiltrated Colombian cities are not buy scouts. They use women as weapons to prey on Foreigners and Medellin is one of their favorite places to target Ill-informed tourists. The girls attracted tourists, the tourists attract the Venezuelan gangs. Try learning Spanish and go to some of the other lesser known cities in Colombia. Cartagena, Bogota and Barranquilla not being one of them.