From: United States
"The bank informed traders and the general public that this improvement in the perception of international investors places the country in a favorable position for an eventual placeing of sovereign bonds in the international financial markets."
Well done Danilo!
PLD 2016-3000
Written by: Atabey, 12 Jan 2013 11:37 AM
From: United States, NYC
"The bank informed traders and the general public that this improvement in the perception of international investors places the country in a favorable position for an eventual placing of sovereign bonds in the international financial markets."
Title should read: "Economic perception of DR Improves to 319 basis points, BC reports"
From: Germany, Koblenz, Rheinland-Pfalz
Ata, it is a fall down in the economy but it doesn't mean that it is a bad thing; instead economy needs some coercion and adjustment in order to diversify, expand and be more competitive in a global and interactive market (!)
That is some of the spices of economies ;-) one of its maxims is not where the money come from but where the money is going to. LOL
Written by: josean, 12 Jan 2013 1:05 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The Headline Should read ; The PURPLE PROPAGANDA Machine issues MUMBO JUMBO!
Written by: Atabey, 12 Jan 2013 1:11 PM
From: United States, NYC
Oye lo que te conviene
No solamente lo que te entretiene
Pa\' que no te quedes con la mente de nene
Written by: Atabey, 12 Jan 2013 1:12 PM
From: United States, NYC
Written by: tschotschua, 12 Jan 2013 1:05 PM
From: Germany, Koblenz, Rheinland-Pfalz
"Spreads Secondary market spreads, calculated as premium paid over U.S. government bond with comparable features
Basis Points Quarterly No Bloomberg (JPMorgan EMBIG Index), Ferrucci (2003) "
It's an inverse relation. I understand. Just thought the title should reflect that.
Thanks
From: Germany, Koblenz, Rheinland-Pfalz
Josean,
Please bring the list of any or many worldwide monetary institutions and show us where the Dom. Rep. economy's is not growing, some cases over the two digit (even during the world crisis), with the exception from your Burro period's.
Then we can speak about your Mumbo Jumbo Burros ... go and take your time; I will be waiting in Queue ? It is not that I am in deeply need of discussing economics matter with you or your likes but I'll give you free space ...
From: Dominican Republic
What fool didn't know this was coming? My god 2008 the US went down. All of Europe is fighting to survive. This banana republic cannot survive without loans/grants from the "developing" countries. What planet do people here live on?
Written by: josean, 12 Jan 2013 1:50 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
They live PURPLANDIA!
From: Germany, Koblenz, Rheinland-Pfalz
how predictable of your Josean, that is all what you come with up ?
Perhaps we're living in PurpleLandia; PurpleLandia is still growing in plus, USA has being growing in MINUS, can you grasp the difference ? (-) | (+)
to the Wanna be Balls: Not need any reply from me, Loan are to be pay; in Haiti they fell under the help category, not in Dom. Rep. (!)
Written by: Danilo, 12 Jan 2013 2:04 PM
From: Dominican Republic, www.DuckyDeals.com
Even if the economy was expected to improve, it's nice to hear some concrete numbers about this improvement.
From: Dominican Republic
@Tschotschua ok, is that why from October to December 2012, this country was delinquent in payments for loans for power?? Yes, I agree repay. Repay the friggin' loan on time. It was in the billions of pesos delinquent. Dominican Republic is a borrowing and an grant receiving machine. Wake up. The EU is funding this banana republic. I take it since you live in Germany you would be aware of this since Germany is bailing out all of Europe now.
Written by: Atabey, 12 Jan 2013 2:35 PM
From: United States, NYC
ESTABILIDAD
"RD logró bajar inflación en 2012
EL REPORTE OFICIAL ESTABLECE QUE LOS PRECIOS AUMENTARON SOLO 0.63% EN DICIEMBRE
Las autoridades del Banco Central lograron que la inflación de 2012 terminara en 3.91%, muy por debajo de la meta fijada en un máximo de 5.5%, lo que demostró la efectividad de la política monetaria y de bajas tasas implementada en el recién pasado año."
Written by: Atabey, 12 Jan 2013 2:36 PM
From: United States, NYC
INFORME
Cepal identifica mejoría en utilización de energía
EL ÓRGANO ANALIZA SEÑALES RELEVANTES PARA ENTENDER LA REALIDAD
"Cepal identifica mejoría en utilización de energía
Un informe de la Comisión Económica para América Latina y el Caribe (Cepal) identificó que los países han aumentado su eficiencia al generar bienes. La entidad señala que existe una tendencia cada vez más pronunciada en la reducción de la intensidad energética del producto interno bruto (PIB)."
Written by: josean, 12 Jan 2013 2:46 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
“worldwide monetary institutions”
ToZhiba,
Worldwide monetary institutions are nothing more than sellers of product. The have the ability to have and an incestuous relationship with both the sellers and the buyer especially in the case of those originating in the USA do to the repeal of The Glass–Steagall Act. Then they hedge a bet against both of them, of course “prestigious” JP Morgan Chase & Co. being among the most egregious in this practice.
So you see the credibility of “worldwide monetary institutions” is not highly regard these days since they are up to the eyeballs in the manipulation of markets and financial information that nearly caused the worldwide collapse of the economy.
continued:
Written by: josean, 12 Jan 2013 2:47 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
However, the credibility of the average Dominican Taxpayer is more reliable and on almost every street corner in the country they will tell that they have not seen the so called “Economic Miracle!”
In fact even a guy you might recognize called Danilo Medina, who ran a campaign recently, stated that people had not benefited from the so called economic expansion.
From: United States
Dominican Republic is able to control inflation through some energetic measures.And that's amazing news specially coming from a Latin country in the Geo political atmosphere of USA.
If the World bank say so, if the prestigious J.P.Morgan economists say so, I the hundred of people in the Central bank say so.. Them it's really happening.
The stability brought by PLD is remarkable and it's attracting more and more foreign investors.We are very lucky we choose trustworthy people to run our country, and very lucky to hear those improvements are coming from our hard working people....
No more mixing yucas from Gurabo with national economy...
Thank God we have PLD!
E'pa lante que vamos!
From: Dominican Republic
i think ohhvictoria is smoking the good weed.he ohhvickey have u been smoking dreeds cess hahhah lol.this country is worse off then ever before and its thanks to u stich loe the fairy fernandez.get over it already and stop mking excuses hermanito.
Written by: ingle23 
, 12 Jan 2013 3:08 PM
From: United States, brooklyn, NY
If the World bank say so, if the prestigious J.P.Morgan economists say so, I the hundred of people in the Central bank say so.. Them it's really happening.
ESL at its best!!! Show me the money!!!!!!!!
From: Germany, Koblenz, Rheinland-Pfalz
Josean, YOU are a MORON and a very bad one at that, so please, bring any reputable source in economics matter that you see it fits, and please let Danilo Medina out of the equation, do I need to remind you that he is a Purple one further more under the influence of Leonel Fernandez (?)
... and I meant a reputable one, not your Gurabian Burros' or the Quirino ones' (!) I'll keep waiting ...
to the Wanna be Balls: Yes, I am aware of Germany support and help to other European Countries and other Countries in the world, and we do not consider it as a waste of money but as an investment; when everybody is doing well it is good for us and chances are better for us to do well as too. You see, it is not a thing of Mine, mine and all is mine.
And why is it ? if Dom. Rep. has a so bad reputation ? Her is becoming credits from those institutions (!) Does it ring a Bell to you (?)
Written by: josean, 12 Jan 2013 3:30 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Those Dam things Called Facts keep Popping Up!
“The Dominican Republic among countries with less middle class”
"La República Dominicana entre países con menos clase media"
Note: it’s from somebodies favorite source, CEPAL!
7dias.com.do/app/article.aspx?id=133583
From: United States
yes..I think we should disregard what J.P. Morgan , Central Bank and World Bank said and follow the advise of the "economists" Jose's ano, ingle and jojonogood... Because they are "very" trustworthy..
This guys only complain, and are living in a delusional world.. as always
There are two kind of foolish people: the ones that dont doubt of anything and the one that doubt of EVERYTHING..
There is something God didn't do good: everything have a limit but not to foolish mind...Specially the ones over here in this forum..
Written by: josean, 12 Jan 2013 3:50 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
ToZhiba what new language are you using today?
Written by: ingle23 , 12 Jan 2013 3:59 PM
From: United States, brooklyn, NY
There is something God didn't do good: everything have a limit but not to foolish mind...Specially the ones over here in this forum..
Basura Morada incoherence is your “watchwords”.
From: United States
ingle;
A mi me daria verguenza ser tu !
Written by: Danilo, 12 Jan 2013 4:07 PM
From: Dominican Republic, www.DuckyDeals.com
These hipoburros don't believe the World Bank, J.P.Morgan, or the Central Bank they only trust Hipopola Central and their fellow lazy hipoburros.
I noticed that life is always "hard" for those that are hardly working. Go and get a job and see how good the economy instantly becomes.
That's actually what I told my uncle who only relies on his rentals for income and sits at the colmado the whole day drinking beer and complaining about the economy.
Written by: ingle23 , 12 Jan 2013 4:09 PM
From: United States, brooklyn, NY
Mirate al espejo!!!todos lo ven menos TU!!
From: Germany, Koblenz, Rheinland-Pfalz
Josean, I am telling you, I am still waiting ... Do I need to tell you that I am not a Gringo further less a Burro; should I bring you the British Encyclopedic up (?) should it be enough to take your Burro shit from you away (?)
Written by: Danilo, 12 Jan 2013 4:44 PM
From: Dominican Republic, www.DuckyDeals.com
My clients pay me in dollars and euros so I don't need a government handout! I work hard in life so I'm able to see the good in life and the upswing in the economy.
Copien hipoburros!
Written by: ingle23 , 12 Jan 2013 4:51 PM
From: United States, brooklyn, NY
ahhhhDanill
Another Semi-analfabeto, con aire de " Mierda"...you are another puke who depends on cheap political hand-outs...como escribes denota tu education. Only, in DR., you can get a job with that education. Felix is the example.
Written by: ingle23 , 12 Jan 2013 4:53 PM
From: United States, brooklyn, NY
Your "clients" ; are you a "male pre-paid"? . That is what I thought. Good luck as a .......I recommend that you use protection.
From: Dominican Republic, calle A.Portes
There has to be something very seriously wrong with this story somehwere along the way . For example , Argentina is completely on the nose with inflation now running at over 20% and all international investors are scared crazy to invest because of the default on the debt that the country has been ordered to pay and will not , by the taking over of assets of a spanish company and general political unrest . As for venezuela only China is investing there and Ecuador is not nearly as favourably looked upon as Paraguay.. I would suggest the story is almost a hoax writing
From: United States
actually, Ricardolito, the fact that it is at 319 basis points means that the interest rate is lower than Argentina and Venezuela, precisely because of their debt repayment situations i am not in a position to comment because i need more info on those other countries. at present, the DR has enough foreign currency holdings for three more months. six months is the minimum safety net. there are no dollars in circulation, and there will be none until the IMF loan comes through.. everyone with dollars is holding on to them, to make a killing when the peso devalues to 46: 1 before christmas. that is as much as i intend to say, since there are just too many sabelotodos here, and i have no intentions of wasting more time arguing with know nothings.
Written by: Danilo, 12 Jan 2013 5:39 PM
From: Dominican Republic, www.DuckyDeals.com
Lol, prostitution would make sense but no, I'm a consultant/programmer. I try to avoid local companies because they just can't afford my rates. Anyway, above is one of my websites.
Written by: juanb, 12 Jan 2013 5:49 PM
From: Dominican Republic
Gee. You don't think that the government, through the BC would issue misleading or incorrect figures, do you?
I do!!!!
Written by: josean, 12 Jan 2013 5:57 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Josean, I am telling you, I am still waiting ... "
For what; the remedial ENGLISH course?
Written by: Atabey, 12 Jan 2013 6:22 PM
From: United States, NYC
Written by: dreadlocks, 12 Jan 2013 5:20 PM
From: United States
actually, Ricardolito, the fact that it is at 319 basis points means that the interest rate is lower than Argentina and Venezuela, precisely because of their debt repayment situations i am not in a position to comment because i need more info on those other countries."
"Spreads Secondary market spreads, calculated as premium paid over U.S. government bond with comparable features
Basis Points Quarterly No Bloomberg (JPMorgan EMBIG Index), Ferrucci (2003) "
So the 319 basis points are the spread above the US government bond with comparable features.
And that's better than the rates for Venezuela, Argentina and Ecuador.
Still more work has to be done to narrow the spread, but not as bad as some people believe it to be.
Written by: josean, 12 Jan 2013 6:24 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
or as Good as others would like to Spin it!
Written by: Atabey, 12 Jan 2013 6:33 PM
From: United States, NYC
"The country risk is measured by the EMBI (Emerging Markets Bonds Index), which works as a reference for investment decisions worldwide. This indicator is calculated by the prestigious firm J.P. Morgan Chase."
Last time I checked the DR didn't control J.P. Morgan nor any of the other international institutions that rule on these sensitive rate issues. So if they are ok with the numbers, why should we seriously doubt them? Because Josean Econometric Inc. says so?
No cigar. Go, instead, and enroll in the recently started national campaign to eliminate illiteracy and then get some basic economics.
Written by: josean, 12 Jan 2013 6:59 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
But they do business and whoever pays hears the music they like!
Spin baby Spin you got make up from that Ass Whipping from Hippo's Cab Drivers!
PS
I wonder why you feel the compeling obsessive need to respond to every illiterate bar stool comment I make?
Written by: Atabey, 12 Jan 2013 8:37 PM
From: United States, NYC
For those who seek REAL information.
Determinants of Emerging Market Sovereign
Bond Spreads: Fundamentals vs Financial Stress
Dimitri Bellas, Michael G. Papaioannou, and Iva Petrova
imf.org/external/pubs/ft/wp/2010/wp10281.pdf
This paper analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and temporary (financial market) factors on these spreads. During the current global financial and economic crisis, sovereign bond spreads widened dramatically for both developed and emerging market
economies. This deterioration has widely been attributed to rapidly growing public debts and
balance sheet risks. Our results indicate that in the long run, fundamentals are significant
determinants of emerging market sovereign bond spreads, while in the short run, financial
volatility is a more important determinant of spreads than fundamentals indicators.
Written by: josean, 12 Jan 2013 9:18 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Imagine no one but you could have found that MUMBO-JUMBO on their Own!
You must fascinate guests at dinner parties!
From: Dominican Republic, calle A.Portes
Yes Dreadlocks .thank you for the correction .I did not read it closely enough ...my fault ..I was put off by the words that the country had improved by having its index position go down and yet had not reached the latin american average .... Now the gloss has currently gone off Brazil and Argentina and when you look at the central american countries and all their troubles and their need to have high interest rates I do not believe the latin american average could be anywhere near 290
From: United States
i doubt it too, Ricardolito. with Argentina at over 1000, and countries over 700, i fail to see how the LA average can be 290. you are absolutely correct. the numbers do not add up.
From: United States
says josean
Written by: josean, 12 Jan 2013 9:18 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Imagine no one but you could have found that MUMBO-JUMBO on their Own!
You must fascinate guests at dinner parties!
now you understand why i got out of the thread.
From: United States
says Danilo
Written by: Danilo, 12 Jan 2013 2:04 PM
From: Dominican Republic, DuckyDeals.com
Even if the economy was expected to improve, it's nice to hear some concrete numbers about this improvement.
what do these numbers have to do with economic improvement?
Written by: josean, 12 Jan 2013 11:09 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Dr. Dread I have been amazed that you have entertained any of his self righteous condescending ramblings for this long!
From: United States
as i said, sometimes i just do not have the patience for dealing with ignoramus types.
From: United States, Abajo la Robolucion
This was the headline that I received: "....the Dominican economy fell to 319 basis points up to January 10, 2012," What journalism!!! " the economy FELL to 319 basis points UP, jajajajaja.
Written by: Atabey, 13 Jan 2013 9:47 AM
From: United States, NYC
As per IMF. Note this is for
III. VARIABLE SELECTION AND DATA
We use the following variables to explain the spread levels:
? External debt/GDP
? Interest payments on external debt/reserves
? Short-term debt/reserves
? External debt amortization/reserves
? Fiscal balance/GDP
? Current account balance/GDP
? Trade openness
? Financial fragility (financial stress index)
? Risk-free rate and external liquidity conditions (U.S. 3-month Treasury bill rate and
10-year government bond yield, and volatility index VIX).
? Political risk
1
None of the countries included in the empirical analysis violated this condition during the period covered by the study.
C. Data Description
The data set covers 14 countries between the first quarter of 1997 and the second quarter of
2009. The dependent variable is the secondary market spread, as provided by JPMorgan’s
Emerging Markets Bond Index (EMBI).
Written by: Atabey, 13 Jan 2013 9:50 AM
From: United States, NYC
C. Data Description
This spread is measured by an index that includes sovereign and quasi-sovereign (guaranteed by the sovereign) instruments that satisfy certain liquidity criteria in their trading. The spread of an instrument (bond) is calculated as the premium paid by an emerging market over a U.S. government bond with comparable maturity features. A country’s spread index is then calculated as the average of the spreads of all bonds that satisfy the inclusion criteria, weighted by the market capitalization of the instruments. One of the benefits of such an index is that the time series are continuous, without breaks as bonds mature." (pp.9-10)
Source: Determinants of Emerging Market Sovereign
Bond Spreads: Fundamentals vs Financial Stress
Dimitri Bellas, Michael G. Papaioannou, and Iva Petrova
Written by: Atabey, 13 Jan 2013 10:05 AM
From: United States, NYC
Dready, Rich, and those among you that can read:
Here's an interesting paper on the topic. Even cites the DR.
Sovereign Credit Risk in Latin America and Global Common Factors
Summary
(webmeets.com/files/papers/LACEA-LAMES/2012/288/Spreads_LACEA_2012.pdf)
This paper studies the importance of global common factors in the evolution of sovereign
credit risk in a group of emerging economies (15 countries in Latin America for which
daily data are available on sovereign credit spreads and CDS quotations from the beginning
of 2007 until February 2012).
Written by: Atabey, 13 Jan 2013 10:13 AM
From: United States, NYC
2013 The Economist Intelligence Unit Limited
Latest analysis
Jan 11th 2013 – Haiti/Dominican Republic politics: Quick View - New Dominican-Haitian migratory policy is tested
Jan 10th 2013 – Latin America economy: Innovation rankings reveal uneven progress
Jan 7th 2013 – Dominican Republic: Country outlook
Jan 4th 2013 – Dominican Republic economy: Quick View - Central Bank again holds interest rate steady
Jan 4th 2013 – Dominican Republic: Country risk summary
Jan 3rd 2013 – Dominican Republic: 5-year forecast table
Jan 3rd 2013 – Dominican Republic: Business environment at a glance
Jan 3rd 2013 – Dominican Republic: Business environment ranking summary
Jan 3rd 2013 – Dominican Republic: Country fact sheet
Jan 3rd 2013 – Dominican Republic: Country forecast summary
Written by: Atabey, 13 Jan 2013 10:16 AM
From: United States, NYC
Country scorecard
Dominican Republic: Country risk summary
Sovereign risk B (AAA=least risky, D=most risky)
Currency risk BB
Banking sector risk BB
Political risk BB
Economic structure risk CCC
Country risk B
Dominican Republic: Business environment ranking summary
Value of index 5.85 (10=maximum)
Global rank 60 (out of 82)
Regional rank 8 (out of 12)
Country forecast
Key indicators----------------- -----2012 2013 2014 2015 2016 2017
Real GDP growth (%) -----------------3.8-- 3.0-- 3.9-- 4.4-- 4.7-- 4.4
Consumer price inflation (av; %) 3.7 ,,,,,,,,5.5 ,,,,,,,,4.8,,, 4.9,,,, 5.1,,, 5.4
Budget balance (% of GDP) ,,,,,,,-5.5,, -3.6,, -2.5, -2.2,, -2.4, -1.8
Current-account balance (% of GDP) -7.7 -5.4, -5.1, -5.2 ,,,,,,,,-5.6, -5.7
Exchange rate Ps:US$ (av) ,,,,,,39.33 41.50 43.07 44.35 45.76 47.15
Exchange rate Ps:€ (av) ,,,,,,,,,,,,,50.49 ,,,,,,,52.39 53.94 54.88 57.66 59.37
Written by: josean, 13 Jan 2013 10:43 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Live from NYC City is Extra MUMBO-JUMBO Sunday!
From: United States
Atabey, what exactly is your point? we can all get this data from google. why don't you explain what it says? this is exactly why i stayed from expressing any opinions on this report, because all that is going to happen is that you are going to copy and paste a thousand irrelevant articles, and, when asked to clarify, you are just going to change the subject, and paste another thousand charts. if we all got together, and told you that you were an authority on everything, would that make you happy enough to stop this horsesh*t? .
Written by: josean, 13 Jan 2013 10:58 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
He suffers from a pathology which in his particular case has no cure until nature runs its course!
Written by: Atabey, 13 Jan 2013 11:04 AM
From: United States, NYC
Written by: dreadlocks, 13 Jan 2013 10:45 AM
From: United States
Atabey, what exactly is your point? we can all get this data from google. why don't you explain what it says? "
Glad you ask Dready. As you know, there was much talk above about what caused the measurement giving DR a number of 309 basis points above the benchmark US bond. And so I decided to do a bit of data collection. Just thought you and some of the other cats that can actually read, would appreciate it.
No harm intended.
Have a Good Sunday.
Written by: Atabey, 13 Jan 2013 11:40 AM
From: United States, NYC
Conditions are optimal for the sovereign bond
RD country risk reaches its lowest level in five years
DOMINICAN REPUBLIC OVERTAKES ARGENTINA, VENEZUELA AND ECUADOR
Confidence. International investors have valued the latest economic measures taken by the Dominican government.
Jairon Severino
jairon.severino @ listindiario.com
Santo Domingo
The country risk of the Dominican economy fell to its lowest level in the last five years to reach 319 basis points at January 10, 2013, standing at a position very close to the Latin American average of 290 basis points, and well below countries like Argentina, Venezuela and Ecuador, with ratings of 1,080, 761 and 746 basis points respectively.
The information was released by the Central Bank through a document addressed to traders, which states that this improvement in the perception of international investors to the country favorably positioned for an eventual sovereign bond issue in financial markets,
Written by: Atabey, 13 Jan 2013 11:41 AM
From: United States, NYC
, especially in a context of high liquidity of the latter.
Country risk is measured by the EMBI (Emerging Markets Bonds Index), which serves as a reference for investment decisions worldwide. This indicator is calculated by signing J.P. Morgan Chase, and is based on the behavior of debt issued by emerging economies and its differential with respect to interest rates paid by bonds denominated in dollars and Treasuries U.S.. The less certain that the country will honor its obligations, the higher the EMBI of that country, and vice versa.
According to the official report, the current levels for the Dominican Republic EMBI distance significantly compared to those recorded in the period 2008-2009, when the risk classification presented historically high levels. He notes, the last bond issue Dominicans for U.S. $ 250 million was placed at a coupon rate of 6.875% when the EMBI showed a level of 478 basis points, showing as the situation country risk has tended to decline since then,
Written by: Atabey, 13 Jan 2013 11:43 AM
From: United States, NYC
, even under international conditions still uncertain.
The latest statistics show how they have been falling steadily for the latest coupons sovereign debt issues in the country, while it has maintained favorable levels of qualification by the major rating agencies.
ADVANTAGES
Given the current interest rate on the bonds of the United States and the country risk of the Dominican Republic, it is expected that there is a high probability that a new sovereign bond markets Dominican entail a coupon rate much lower than in the last issue.
The Central Bank notes that international analysts, the continued reduction in the EMBI explained by the confidence of foreign investors in the Dominican Republic, regarding compliance with its obligations in relation to external debt. "This confidence is supported by the commitment of the administration of President Danilo Medina regarding the transparency of public finances, higher tax revenues and a significant reduction in the fiscal defic
Written by: Atabey, 13 Jan 2013 11:44 AM
From: United States, NYC
Conditions are optimal for the sovereign bond
RD country risk reaches its lowest level in five years
DOMINICAN REPUBLIC OVERTAKES ARGENTINA, VENEZUELA AND ECUADOR
The Central Bank notes that international analysts, the continued reduction in the EMBI explained by the confidence of foreign investors in the Dominican Republic, regarding compliance with its obligations in relation to external debt. "This confidence is supported by the commitment of the administration of President Danilo Medina regarding the transparency of public finances, higher tax revenues and a significant reduction in the fiscal deficit, says the company.
In addition, JP Morgan analyst Franco Uccelli, highlights other factors that favor the prospects for the Dominican economy in international markets, such as growth of around 4% in 2012, maintaining a stable exchange rate and a inflation close to 4%, all this in spite of that fiscal constraints.
From: United States
says Atabey
Glad you ask Dready. As you know, there was much talk above about what caused the measurement giving DR a number of 309 basis points above the benchmark US bond. And so I decided to do a bit of data collection. Just thought you and some of the other cats that can actually read, would appreciate it.
Atabey, my laptop has a google function. i can find all of this. EXPLAIN what this all means in real world terms.
Written by: Atabey, 13 Jan 2013 11:46 AM
From: United States, NYC
Satisfied Dready?
From: Germany, Koblenz, Rheinland-Pfalz
Professor Dread,
what Atabey is telling you is that : Dominican Economy, all in all, is doing very well, it's not the (more) perfect one but it works fine. LOL
Written by: josean, 13 Jan 2013 12:19 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Dr.Dread, the guy is certifiable.
From: United States
says tschotschua
Written by: tschotschua, 13 Jan 2013 12:14 PM
From: Germany, Koblenz, Rheinland-Pfalz
Professor Dread,
what Atabey is telling you is that : Dominican Economy, all in all, is doing very well, it's not the (more) perfect one but it works fine. LOL
so, how come you have done it in one sentence, and it takes him pages of copy and paste to do the same thing?
From: Dominican Republic
"so I decided to do a bit of data collection."
It's what you do with it and the understanding of it that makes all the difference.. Just collecting it a pasting it doesn't make you know what it means, just means you know how to use Google!!
Written by: Atabey, 13 Jan 2013 12:25 PM
From: United States, NYC
You escaped.
:)
From: United States
asks Atabey
Written by: Atabey, 13 Jan 2013 11:46 AM
From: United States, NYC
Satisfied Dready?
satisfied with what? you have done nothing more than copying and pasting articles that you do not understand.
Written by: Atabey, 13 Jan 2013 12:58 PM
From: United States, NYC
Dready,
I'm not looking for any battle over this issue. If you read the papers-they are short BTW-you'll get a full explanation for the possible "whys" regarding the the upgrade for DR.
Above I posted some of the variables used to determine the numbers. Also The Economist Intelligence Unit and their brief summation of DR's status.
Only looking to illuminate things Dready. We don't want Dominicans and others getting their numbers from that "prestigious" Josean Econometrics Unit, do we?
:)
From: United States
hey, Atabey; did you take time to read this before you ran off to the copy function?
Santo Domingo.– The Central Bank reported Friday the Dominican economy improved to 319 basis points up to January 10, 2012, its lowest level in the last five years,
Written by: Atabey, 13 Jan 2013 1:01 PM
From: United States, NYC
So are you saying that the score didn't go down Dready from the previous cycle score for DR?
Remember, as I understand it, a lower number is better, no? It means that the given spread is closer to the US bond used as a benchmark.
Example:
Say the US bond for a similar risk composition is 3%. If the DR risk above that is determined to be 319 basis points, then:
3% + 3.19%= 6.19%
6.19% is what investors are looking for in order to pick up the DR bonds.
Am I wrong to think this Dready?
Written by: josean, 13 Jan 2013 1:10 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"self righteous condescending ramblings"
From: United States
go and read the statement, very slowly. that is a part of your problem. you start shooting off before you read. now try this again. read the article.
Written by: Atabey, 13 Jan 2013 1:23 PM
From: United States, NYC
Dready, it's a Google translation done on the fly.
The PERTINENT issue is IF the spread has INCREASED or DECREASED since the last time it was measured. As I understand the information, the Country Risk measurement for DR, expressed in basis points with the USA secondary bond market as a benchmark, calculated by "EMBI (Emerging Markets Bonds Index), which works as a reference for investment decisions worldwide. This indicator is calculated by the prestigious firm J.P. Morgan Chase." has determined that the spread for DR's bond product HAS NARROWED vis-a-vis the US bond of similar risk from the previous 2008 measurement.
Am I incorrect in thinking this so, Dready?
Written by: JHCL2016, 13 Jan 2013 1:47 PM
From: United States, EN PUNTA CANA: Jose H Con Leonel 2016!
2013 is going to be a good and growth year for the Dominican Republic!
Of course, all and only thanks to Leonel, Danilo, and el PLD...
¡Seguimos Pa'lante y Manos a la obra!
8-)
Danilo es Presidente, Leonel 2016!
JHCL2016@yahoo.com / PLD.NEPA@gmail.com
Written by: JHCL2016, 13 Jan 2013 2:07 PM
From: United States, EN PUNTA CANA: Jose H Con Leonel 2016!
And in otro tema.... El MORENO begging for $$$
JCE le quitó el reconocimiento electoral este sábado por no haber alcanzado el 2% de los votos el 20 de mayo.
"De acuerdo a la Ley Electoral (275-97), para mantener la personería jurídica, los partidos deben alcanzar el 2% de los votos de las últimas elecciones o tener representación congresual o municipal. AlPaís obtuvo 60,329 sufragios, lo que equivale a un 1.36%."
Los SUFRAGIOS del MORENO ahora mas parecen náufragos... Anda el diablo, y tampoco le fue bien pidiendo en Nueva Yoi. La suerte que su mujer no ha devuelto su jugosa pensión...
¡Seguimos Pa'lante y Manos a la obra!
8-)
Danilo es Presidente, Leonel 2016!
JHCL2016@yahoo.com / PLD.NEPA@gmail.com
Written by: josean, 13 Jan 2013 2:57 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The also PLD got 50% in 1973 !
Written by: ingle23 , 13 Jan 2013 3:03 PM
From: United States, brooklyn, NY
Basura Mora' JH,
Cruz te manda recuerdos desde DC!!!!!nos vemos pronto.
Written by: ingle23 , 13 Jan 2013 3:32 PM
From: United States, brooklyn, NY
ALL,
Please check out the final version of "La Frag"....
Written by: Danilo, 13 Jan 2013 5:05 PM
From: Dominican Republic, www.DuckyDeals.com
Atabey,
Stop wasting your time with those futile fcks, they're like black holes, nothing ever comes out of it. Do as I do and just come here to vent and release stress, not to gain it. And forget Google and facts, it's all the same to these futile fcks, facts = fiction and vice versa according to them.
A few months ago I realized that every hour that I spend arguing with these futile fcks it costs me $70 dollars. That's why I only respond with a couple of sentences these days, no facts, no googling, just opinions.
Written by: JHCL2016, 13 Jan 2013 5:06 PM
From: United States, EN PUNTA CANA: Jose H Con Leonel 2016!
"The also PLD got 50% in 1973 !"
"1974.- En el país hubo elecciones nacionales, pero la dirección del PLD consideró prudente abstenerse."
No como el Molleto desesperado que le tiene miedo al trabajo como Dracula a la cruz...
Si o no?
¡Pa'lante y Manos a la obra!
8-)
Danilo es Presidente, Leonel 2016!
JHCL2016@yahoo.com / PLD.NEPA@gmail.com
Written by: Danilo, 13 Jan 2013 5:13 PM
From: Dominican Republic, www.DuckyDeals.com
Remember,
Lo marikone van a marikonear, and there's nothing you can do about it. So like JHCL says, seguimos pa' lante y manos a la obra! Let our projects and progress do the talking.
We need those with bright minds moving our country fwd and not arguing with these futile fcks.
From: United States
asks Atabey
Am I incorrect in thinking this so, Dready?
if you understood the idea of the ratings , you would have the answer. you would not be asking me. maybe you should ask the other sabelotodos in the thread, like Danilo, to help you out.
From: United States
says sabelotodo Danilo
A few months ago I realized that every hour that I spend arguing with these futile fcks it costs me $70 dollars. That's why I only respond with a couple of sentences these days, no facts, no googling, just opinions.
dude, do not flatter yourself. you barely can string a sentence together. you never attended an economics class in your life, yet you argue matters of development economics. so, who is wasting whose time? you contribute nothing. when the subject turns to jugando gallo, you might be able to educate us.
Written by: Atabey, 13 Jan 2013 5:31 PM
From: United States, NYC
Written by: dreadlocks, 13 Jan 2013 5:15 PM
From: United States
asks Atabey
Am I incorrect in thinking this so, Dready?
if you understood the idea of the ratings , you would have the answer. you would not be asking me. maybe you should ask the other sabelotodos in the thread, like Danilo, to help you out."
Dready,
I'm trying to be nice and understanding. This is after all Sunday.
Tell me what am I missing from the article and my example above?
I'm really not being facetious.
From: United States
the rating was revealed in January 2012. this is January 2013. what is the number today> do you think that it just stays at 319 forever? it changes, depending on several factors.
From: United States
Of course Dready..
Those 319 topics will change..
We are improving over and over!
That's why we it's going to change!
That's why we voted for PLD!
PLD 2016-3000
From: United States
you do not even know what the points mean, yet you are commenting. what all you sabelotodos have to understand is that intelligent people learn about something before they comment. you are barely literate. you do not know dick about bond ratings. you probably do not know what a bond is. you do not know what are the components which go into establishing a bond rating. you just like to shoot off youir mouth, trying to look intelligent. forget it. we all know that you are a limpiabota who got to NYC through a yola trip, who is now living in some section 8 building, squeegeeing windshields at 138 and the Deegan.
Written by: ingle23 , 13 Jan 2013 9:46 PM
From: United States, brooklyn, NY
We are improving over and over!
That's why we it's going to change!
Just by reading this (see above) you can tell that this guy is a RUMINANT. Sound like those old negroes in the slavery times : "MASSA THAT'S WHY WE IT'S GOING TO CHANGE!"!!! holding his hat with both hands and shuffling his feet at the same time.
From: United States
ingle, you are out of control. you kill me!LOL
Written by: ingle23 , 13 Jan 2013 10:40 PM
From: United States, brooklyn, NY
Dread,
We will see ya...soon in DR! Take care.
Written by: ingle23 , 13 Jan 2013 10:40 PM
From: United States, brooklyn, NY
Dread,
Keep teaching them!!!!! (Atabey/AKA SWIMMING TROLL)
Written by: Atabey, 13 Jan 2013 11:11 PM
From: United States, NYC
"the DR has enough foreign currency holdings for three more months. six months is the minimum safety net. there are no dollars in circulation, and there will be none until the IMF loan comes through.. everyone with dollars is holding on to them, to make a killing when the peso devalues to 46: 1 before christmas. "
Dready, this is Christmas 2012 or 2013?
From: United States
ingle, i am trying. some people can't be taught. well, maybe they can be taught a better way to clean a toilet, but not much more. look at what this ape victor wrote
Of course Dready..
Those 319 topics will change..
319 topics! the poor illiterate has no idea what he is talking about. 319 topics! poor soul.
From: Dominican Republic, calle A.Portes
I have been trying to find this index ,and in particular the latin american average index and how it is compiled on the Morgan Chase website ,and elsewhere on the web,,so far I have had little luck and it seems on the surface to be incorrect , I wonder if anyone else has been able to track down the source. In fact i have had far greater success with some other merchant banks who chat about the latin american bond yields in general and in comparison to opportunities in Asia and the middle east but without mention of the DR .
So I wonder if this latin american average and the index of the component countries has much validity .
From: United States
ask Atabey. or victor.
Written by: Atabey, 14 Jan 2013 11:49 AM
From: United States, NYC
Rich and Dready,
I think you need to pay for this information. Be a subscriber to one of the services. I've got some information that I'll post on a thread concerning this theme with reference to Latin America.
Dready you want to help me in so doing?
Try this link for some information.
jpmorganinstitutional.com/cm/Satellite?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1321487756276&ssbinary=true
From: Dominican Republic, calle A.Portes
I really do not NEED any information about indices or interest rates on bonds in latin america as I have not and never will have any desire to invest in latin american securities ,,nor American securities for that matter . I will tell you that all of cenral america except maybe Panama is a no no zone and in south America only Colombia and Chile have even the smallest interest ,,but as Australia and Asia will be the power houses for decades , I would keep my investments there .
From: United States
I love these pseudo economist of dready , ingle and Josie's Ano that know more that the Central bank , world bank and J.P.Morgan..
These institutions have a bullish POV of dominican economy
But these guys from DT are really a joke..! They know more about economy than the EVERYBODY in the world!
From: United States
victor, if you will notice, i have stayed away from this thread. do you know why? Ricardolito is probably the only guy in the thread that knows about this subject in any depth..you, yourself, do not even know what a basis point is. you have no idea what it pertains to, what it affects, or how it is calculated. you know less than ZERO about the subject. yet, there are over 100 postings. now why would i get messed up in a discourse with ignorant people like you rambling on about things you never heard about before? you think i like debating with idiots?
From: United States
says the barrio chopo illiterate, victor
I love these pseudo economist of dready , ingle and Josie's Ano that know more that the Central bank , world bank and J.P.Morgan..
what does the World Bank have to do with basis points?
Written by: Atabey, 14 Jan 2013 8:44 PM
From: United States, NYC
EMBI:
667.14, which is up over 12% this year. Here is the index: .jpmorgan.com/pages/jpmorgan/investbk/solutions/research/EMBI
You can find an ETF, based on this index, on Yahoo Finance: finance.yahoo.com/q?s=EMB&ql=0
Today it sits around 121.67, which is up 13% from one year ago. If you had invested in this back in 2008, you would have earned around 3.6% per year for 5 years. If you had invested in 2011, you would have earned around 6.5% per year for 2 years. So, it’s all a matter of when you buy in.
Dominican Republic:
“Dollar bonds sold by the Dominican Republic have returned 21 percent this year, the most among 15 countries tracked by JPMorgan Chase … Latin American bonds have returned 14.6 percent over the same period. The yield on the country’s bonds due in 2027 have tumbled 270 basis points, or 2.7 percentage points, this year to 5.05 percent.”
Written by: Atabey, 14 Jan 2013 8:46 PM
From: United States, NYC
EMBI:
Dominican Republic:
“Dollar bonds sold by the Dominican Republic have returned 21 percent this year, the most among 15 countries tracked by JPMorgan Chase … Latin American bonds have returned 14.6 percent over the same period. The yield on the country’s bonds due in 2027 have tumbled 270 basis points, or 2.7 percentage points, this year to 5.05 percent.”
businessweek.com/news/2012-12-05/dominican-republic-plans-13-bond-sale-to-finance-deficit
So, it does NOT seem like EMBI+ is a good proxy for DR risk. High returns usually go hand-in-hand with high risk.
Compare with T-Bills – the difference is the “risk.”
From: United States
Wao dready:
We will miss your "professional statements" so bad...
Specially from such a great economist like yourself, that knows way much more than the hundred of economists of central Bank..
So my street pseudo economist.. I think that you should talk more about ganja smoking ..which is your really strong topic..
From: Dominican Republic, calle A.Portes
Victor ,,you are making an error .These days the IMF and the World Bank and the Dominican Central Bank have highly trained economists and very sophisticated computers that can produce many reports that differ with the changing imputs into the model.
They still need to be analysed and reports made and it is at this point that one person can say that a certain set of figures means one thing and another person could say the opposite . Dreadlocks has his finger well on the pulse and his conclusions from reports may differ from others ,including my own but they are made with reason..
All I know , is that when the world economy was subsiding , the DR implemented some very good economic policiesincluding massive infrastructure works that gave us growth when most countries had none and we also borrowed from the IMF using the credits of the richer countries at very low interest rates . The only big error we made was in the last year , when we should have been going for a balanced budget
From: Dominican Republic, calle A.Portes
I congratulate Atabey for his research on many tax matters but , quite frankly , I have neither the time nor interest to come to any conclusion based on masses of figures . I do know that the DR can not implement a proper tax system such as is in the USA , Canada , Australia and much of Europe because we do not have a sufficiently sophisticated computer system that can assist in the compliance of the tax laws . So , instead we and all developing countries have to rely on taxes that can are difficult to avoid ..few income taxes but much tax on commodities and registrations and houses . It is not fair on the middle classes especially but that is the way it must be until we can collect income tax from the rich people here and their companies .
Written by: ingle23 , 14 Jan 2013 10:45 PM
From: United States, brooklyn, NY
Specially from such a great economist like yourself, that knows way much more than the hundred of economists of central Bank
ESL BASURA AHHHHHHVIC
Written by: ingle23 , 14 Jan 2013 10:46 PM
From: United States, brooklyn, NY
Boca e' burra/HP,
No te da verguenza escribir. Embarras el forum cuando pones algo!!!!!
From: Dominican Republic, calle A.Portes
ingle I do not know if you are directing your comment at me but I have no pretence to be a great economist ..I was simply educated well in economics , used it in my work for some years and now have forgotten most of what I learned . But I hope that I do not make too many errors . I also studied law , but that has been of absolutely no use to me in this country ,,may as well have studied drama !!
From: United States
Ricardolito: Please ignore ingle..
He is just a paranoid individual posting nonsense in this forum..
From: United States
I like this information:
"The Central Bank reported Friday the Dominican economy improved to 319 basis points up to January 10, 2012"
Acording to wikipedia , DR is the 9th biggest economy in america latina and the #1 in the caribbean and central america ( yes, bigger than panama and costa rica)
acording to wikipedia
es.wikipedia.org/wiki/Econom%C3%ADa_de_la_Rep%C3%BAblica_Dominicana
That's VERY impressive in relation at our demography and population..
We should be proud that we evolved as a unified country taking baby steps with PLD for a better future..
Everyday we have better news..
Thanks PLD!
From: United States
says victor
I like this information:
"The Central Bank reported Friday the Dominican economy improved to 319 basis points up to January 10, 2012"
as i said, this is why i do not waste my time in certain threads. here is a guy who has never opened an economics textbook in his life, but the is the FIRST guy to post in a subject that is quite complicated. way beyond his comprehension. this guy probably cannot do short division, but has all kinds of opinions on everything. Ricardolito, i am just like you. i was schooled in economics by first rate institutions, including the World Bank Institute. i , like you, have forgotten most of what i learned, but i still know more than guys who never studied it at all. DT is a magnet for the dumbest jerkoffs in cyberspace. if some of these guys joined DR1, they would throw them out of the site in less than a week. people like victor need to read some intelligent posting, and see how adults do it. they need to read DR1.
From: United States
says victor
That's VERY impressive in relation at our demography and population..
care to explain that?
Written by: ingle23 , 15 Jan 2013 8:53 AM
From: United States, brooklyn, NY
BOCA E BURRO
That's VERY impressive in relation at our demography and population..
ESL!!!!!
Written by: ingle23 , 15 Jan 2013 8:57 AM
From: United States, brooklyn, NY
HE PURPLE DRAGON MEDAL RIBBON. Daily Update as of DTG: 15JAN 13. (1558 EST)
CITATION:
THE PDMR is awarded to the following ignorant, functional illiterates, third world morons; for their contribution and dedicated effort in support of the Purple Dragon thugs and corrupt Dominican ruling elite. This group of dedicated rabid ASS-KISSERS, BOCA DE BURROS, are the pundits of the Purple Dragon cause in DT.
OHHHVICTOR AKA BOCA E’BURRA/DANILO (SHARING THE 1STPLACE).
ATABEY
CARLOSFRANCO
JHC-
DON B DUMB (SILENT)
JARABACOA
BERNIES
DREAMKILLER AKA: Sandusky.
AnthonyC (same as John, MEGA A***Hs)
TRUJILLO
LAREGLA
LV ROD
IMARTINEZ
PEPE32
NOTE:
If you feel that you need to be part of this distinguished, award winning group of idiots; please let us know, and we will be delighted to make you part of this pack of plague infested RATS.
Written by: ingle23 , 15 Jan 2013 9:03 AM
From: United States, brooklyn, NY
SOON BOCA E' BURRO & DANILO,
Danilo the "DUCK/Pato" looking for advise to come out of the closet!!!!
Written by: ingle23 , 15 Jan 2013 9:32 AM
From: United States, brooklyn, NY
To ALL PDRM recipients:
Effective NOW , whenever you hear the word BASURA! you must sound off with a loud, thunder-like reply of : HERE SIR!!!!!!!
From: United States
Written by: dreadlocks, 15 Jan 2013 6:02 AM
That's VERY impressive in relation at our demography and population..
Dready:
1.-We have a a very tiny country geographically speaking in relationship with most of the countries in Latin America
2.-There are 24 countries in Latin America . We have the 9th biggest economy
3.-We are the number one economy in the Caribbean and central America
4.-We have only 10 million of people, in relation with countries like Brazil will almost 200 millions or colombia, 47 millions..Even Guatemala and Haiti got more people than us..
5.-We dont have 2,3 or 4 neighbors to have a bigger economy exchange like most of countries in America
6.-our neighbor is Haiti, the poorest country in the western hemisphere.We, with our limited resources are the ones that have to support them somehow..
I am certainly not an expert but demographically speaking we are not in the best situation in the world . We are doing VERY good with the limited resour
Written by: ingle23 , 15 Jan 2013 2:42 PM
From: United States, brooklyn, NY
We have only 10 million of people, in relation with countries like Brazil will almost 200 millions or colombia, 47 millions..Even Guatemala and Haiti got more people than us..
Boca e' burro,
Another "master PIECE"!!!! > Your vocal cords are located within your anal-rectal region, where the sphincter muscles serve as your acoustic activator.
From: United States
says victor
I am certainly not an expert
that is an understatement.
Written by: Atabey, 15 Jan 2013 4:40 PM
From: United States, NYC
Written by: Ricardolito, 14 Jan 2013 10:36 PM
From: Dominican Republic, vieja Santo Domingo
I congratulate Atabey for his research on many tax matters but , quite frankly , I have neither the time nor interest to come to any conclusion based on masses of figures . I do know that the DR can not implement a proper tax system such as is in the USA , Canada , Australia and much of Europe because we do not have a sufficiently sophisticated computer system that can assist in the compliance of the tax laws . So , instead we and all developing countries have to rely on taxes that can are difficult to avoid ..few income taxes but much tax on commodities and registrations and houses . It is not fair on the middle classes especially but that is the way it must be until we can collect income tax from the rich people here and their companies .
Rich,
The USA has been helping the smaller nations of CAFTA-DR get into the swing of it-that is a modern system of statistical data collection an
Written by: Atabey, 15 Jan 2013 4:42 PM
From: United States, NYC
and management for over a decade now. Sure, it has taken time and is continuing apace, and we're not there yet. The quantity and quality of the professionals is still being development and nurtured, but ground is being made up. Tax treaties with other countries to collect our fair share of taxes is still largely unsecured. It may well take the reminder of this decade before the proper modern collection system known throughout first world economies has its full capabilities in DR.
And yes, the rich and property owning class will have to put more into the pot for modernization and development to be sustained and expanded for a modern decent society to take shape.
Written by: Atabey, 15 Jan 2013 4:59 PM
From: United States, NYC
28 OPTIMIZING THE ECONOMIC GROWTH AND POVERTY REDUCTION BENEFITS OF CAFTA-DR – DOMINICAN REPUBLIC
SECTION 4 ---DOMINICAN REPUBLIC
transition.usaid.gov/locations/latin_america_caribbean/trade/T-LAD_Volume_II.pdf
e World Bank Trust Fund for Statistical Capacity Building and DGF contributions;
Evidence of weak statistical systems
Investing in national capacity
17. The weaknesses of the statistical systems in many developing countries have long been recognized. Capacity building activities, including training, technical assistance, and sponsorship of surveys and censuses, have helped to improve the availability of important economic and social indicators. A number of active Bank projects and sector programs include investments in statistical systems. But because the statistical component is not usually the principal objective, the activity and its impact often go unrecorded and unrecognized.
Written by: Atabey, 15 Jan 2013 5:14 PM
From: United States, NYC
PARIS21
Partnership In Statistics for development in the 21st century
A global consortium of policy makers, statisticians, other users of statistical information in
support of evidence-based development, operating through existing global, regional and
national structures. The World Bank is one of its founding members, and is represented by
DECDG’s Director, on the Steering Committee.
• European Union,
• IMF
• OECD
• UN
• World Bank,
• Bilateral and regional development agencies
Latin America and Caribbean,
Regional, and country-level workshops; special task teams
(e.g. on advocacy, statistical strategies, census, statistical capacity building indicators,
rural and agricultural statistics); studies (e.g. on statistical operations review for monitoring
MDGs); support for information exchange (e.g. international meetings; quarterly newsletter, web-site, pro-poor policy films for country statisticians, poverty analysts and development agencies; statistical doc
Written by: Atabey, 15 Jan 2013 5:18 PM
From: United States, NYC
IMF • •
Statistics Department
The Statistics Department of the IMF is working on a project to develop a framework that can be used in assessing the quality of macroeconomic data. It provides TA for improving the collection, compilation and dissemination of official statistics and assisting the participation in the SDDS and GDDS.
Again, there are more international organizations doing "Support for design of
overall strategies and action plans for enhanced data quality
in member countries; a framework for assessing data quality."
It's going to take time. We want these programs up and running at the speed of sound, but it's not going to happen that way. I give it at least to 2020 before we have a solid statistical data collection system fully functional in DR.
From: United States
Atabey, what does all the crap you just posted above have to do with basis points?
Written by: Atabey, 17 Jan 2013 10:24 PM
From: United States, NYC
They represent organizations that have established working relations with the developing countries mentioned, DR being one such nation.
Many of these developing nations don't currently possess the talent and expertise needed to manage a sophisticated economy and obviously the wherewithal involved in modern taxation collection and effort. So these international and regional outreach programs are vital for the development of such talent in the individual countries listed. It will take time and effort to get these groups educated and advance enough to manage their respected taxation regimes. The vast statistical underpinnings and modern machinery required to do so is slowly being install in these countries.
Just in the case of the DR, we have witnessed over the last ten years or so a vast difference in both statistical modernization and it will only get more so as the professionals involved develop their expertise in the field. Developed nations have generations
Written by: Atabey, 17 Jan 2013 10:28 PM
From: United States, NYC
of trained professionals in the field; States like DR are far from having that generational expertise and their countries have suffered from these deficits in training and expertise.
Within 10 years or so DR will have a good cohort of trained statisticians and other professionals to facilitate the modernization process in DR.
Just look at Chile and how much that nation has progressed in those areas.
DR needs to look at Chile as a guide.
From: United States
asks Dreadlocks
Written by: dreadlocks, 17 Jan 2013 7:05 PM
From: United States
Atabey, what does all the crap you just posted above have to do with basis points?
Dreadlocks asks again, since Atabey ignored the question the first time, preferring to post yet more irrelevant crap.
Written by: Atabey, 18 Jan 2013 10:35 PM
From: United States, NYC
I was responding to Rich's point about DR's lack of modern technology and expertise to enforce a modern first world taxation regime.
: Ricardolito,
I congratulate Atabey for his research on many tax matters but , quite frankly , I have neither the time nor interest to come to any conclusion based on masses of figures .
I do know that the DR can not implement a proper tax system such as is in the USA , Canada , Australia and much of Europe because we do not have a sufficiently sophisticated computer system that can assist in the compliance of the tax laws .
So , instead we and all developing countries have to rely on taxes that can are difficult to avoid ..few income taxes but much tax on commodities and registrations and houses .
It is not fair on the middle classes especially but that is the way it must be until we can collect income tax from the rich people here and their companies ."
I agree, but believe those issues are being addressed, but will take time
From: United States
Written by: dreadlocks, 18 Jan 2013 8:19 PM
From: United States
asks Dreadlocks
Written by: dreadlocks, 17 Jan 2013 7:05 PM
From: United States
Atabey, what does all the crap you just posted above have to do with basis points?
Dreadlocks asks again, since Atabey ignored the question the first time, preferring to post yet more irrelevant crap.
Written by: josean, 19 Jan 2013 6:59 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
When IDIOT IRS Atabey is even getting push back from Little Rickey on his attempts to BAMBOOZLE with his MUMBO-JUMBO Copy and Paste nonsense, you Know its bad for the guy who got his political ASS handed to him by Hippo's Cab Drivers in NYC!
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Well done Danilo!
PLD 2016-3000
"The bank informed traders and the general public that this improvement in the perception of international investors places the country in a favorable position for an eventual placing of sovereign bonds in the international financial markets."
Title should read: "Economic perception of DR Improves to 319 basis points, BC reports"
That is some of the spices of economies ;-) one of its maxims is not where the money come from but where the money is going to. LOL
The Headline Should read ; The PURPLE PROPAGANDA Machine issues MUMBO JUMBO!
Oye lo que te conviene
No solamente lo que te entretiene
Pa\' que no te quedes con la mente de nene
From: Germany, Koblenz, Rheinland-Pfalz
"Spreads Secondary market spreads, calculated as premium paid over U.S. government bond with comparable features
Basis Points Quarterly No Bloomberg (JPMorgan EMBIG Index), Ferrucci (2003) "
It's an inverse relation. I understand. Just thought the title should reflect that.
Thanks
Please bring the list of any or many worldwide monetary institutions and show us where the Dom. Rep. economy's is not growing, some cases over the two digit (even during the world crisis), with the exception from your Burro period's.
Then we can speak about your Mumbo Jumbo Burros ... go and take your time; I will be waiting in Queue ? It is not that I am in deeply need of discussing economics matter with you or your likes but I'll give you free space ...
They live PURPLANDIA!
Perhaps we're living in PurpleLandia; PurpleLandia is still growing in plus, USA has being growing in MINUS, can you grasp the difference ? (-) | (+)
to the Wanna be Balls: Not need any reply from me, Loan are to be pay; in Haiti they fell under the help category, not in Dom. Rep. (!)
"RD logró bajar inflación en 2012
EL REPORTE OFICIAL ESTABLECE QUE LOS PRECIOS AUMENTARON SOLO 0.63% EN DICIEMBRE
Las autoridades del Banco Central lograron que la inflación de 2012 terminara en 3.91%, muy por debajo de la meta fijada en un máximo de 5.5%, lo que demostró la efectividad de la política monetaria y de bajas tasas implementada en el recién pasado año."
Cepal identifica mejoría en utilización de energía
EL ÓRGANO ANALIZA SEÑALES RELEVANTES PARA ENTENDER LA REALIDAD
"Cepal identifica mejoría en utilización de energía
Un informe de la Comisión Económica para América Latina y el Caribe (Cepal) identificó que los países han aumentado su eficiencia al generar bienes. La entidad señala que existe una tendencia cada vez más pronunciada en la reducción de la intensidad energética del producto interno bruto (PIB)."
“worldwide monetary institutions”
ToZhiba,
Worldwide monetary institutions are nothing more than sellers of product. The have the ability to have and an incestuous relationship with both the sellers and the buyer especially in the case of those originating in the USA do to the repeal of The Glass–Steagall Act. Then they hedge a bet against both of them, of course “prestigious” JP Morgan Chase & Co. being among the most egregious in this practice.
So you see the credibility of “worldwide monetary institutions” is not highly regard these days since they are up to the eyeballs in the manipulation of markets and financial information that nearly caused the worldwide collapse of the economy.
continued:
However, the credibility of the average Dominican Taxpayer is more reliable and on almost every street corner in the country they will tell that they have not seen the so called “Economic Miracle!”
In fact even a guy you might recognize called Danilo Medina, who ran a campaign recently, stated that people had not benefited from the so called economic expansion.
If the World bank say so, if the prestigious J.P.Morgan economists say so, I the hundred of people in the Central bank say so.. Them it's really happening.
The stability brought by PLD is remarkable and it's attracting more and more foreign investors.We are very lucky we choose trustworthy people to run our country, and very lucky to hear those improvements are coming from our hard working people....
No more mixing yucas from Gurabo with national economy...
Thank God we have PLD!
E'pa lante que vamos!
ESL at its best!!! Show me the money!!!!!!!!
... and I meant a reputable one, not your Gurabian Burros' or the Quirino ones' (!) I'll keep waiting ...
to the Wanna be Balls: Yes, I am aware of Germany support and help to other European Countries and other Countries in the world, and we do not consider it as a waste of money but as an investment; when everybody is doing well it is good for us and chances are better for us to do well as too. You see, it is not a thing of Mine, mine and all is mine.
And why is it ? if Dom. Rep. has a so bad reputation ? Her is becoming credits from those institutions (!) Does it ring a Bell to you (?)
Those Dam things Called Facts keep Popping Up!
“The Dominican Republic among countries with less middle class”
"La República Dominicana entre países con menos clase media"
Note: it’s from somebodies favorite source, CEPAL!
7dias.com.do/app/article.aspx?id=133583
yes..I think we should disregard what J.P. Morgan , Central Bank and World Bank said and follow the advise of the "economists" Jose's ano, ingle and jojonogood... Because they are "very" trustworthy..
This guys only complain, and are living in a delusional world.. as always
There are two kind of foolish people: the ones that dont doubt of anything and the one that doubt of EVERYTHING..
There is something God didn't do good: everything have a limit but not to foolish mind...Specially the ones over here in this forum..
ToZhiba what new language are you using today?
Basura Morada incoherence is your “watchwords”.
ingle;
A mi me daria verguenza ser tu !
I noticed that life is always "hard" for those that are hardly working. Go and get a job and see how good the economy instantly becomes.
That's actually what I told my uncle who only relies on his rentals for income and sits at the colmado the whole day drinking beer and complaining about the economy.
Copien hipoburros!
Another Semi-analfabeto, con aire de " Mierda"...you are another puke who depends on cheap political hand-outs...como escribes denota tu education. Only, in DR., you can get a job with that education. Felix is the example.
Gee. You don't think that the government, through the BC would issue misleading or incorrect figures, do you?
I do!!!!
"Josean, I am telling you, I am still waiting ... "
For what; the remedial ENGLISH course?
Written by: dreadlocks, 12 Jan 2013 5:20 PM
From: United States
actually, Ricardolito, the fact that it is at 319 basis points means that the interest rate is lower than Argentina and Venezuela, precisely because of their debt repayment situations i am not in a position to comment because i need more info on those other countries."
"Spreads Secondary market spreads, calculated as premium paid over U.S. government bond with comparable features
Basis Points Quarterly No Bloomberg (JPMorgan EMBIG Index), Ferrucci (2003) "
So the 319 basis points are the spread above the US government bond with comparable features.
And that's better than the rates for Venezuela, Argentina and Ecuador.
Still more work has to be done to narrow the spread, but not as bad as some people believe it to be.
or as Good as others would like to Spin it!
Last time I checked the DR didn't control J.P. Morgan nor any of the other international institutions that rule on these sensitive rate issues. So if they are ok with the numbers, why should we seriously doubt them? Because Josean Econometric Inc. says so?
No cigar. Go, instead, and enroll in the recently started national campaign to eliminate illiteracy and then get some basic economics.
But they do business and whoever pays hears the music they like!
Spin baby Spin you got make up from that Ass Whipping from Hippo's Cab Drivers!
PS
I wonder why you feel the compeling obsessive need to respond to every illiterate bar stool comment I make?
For those who seek REAL information.
Determinants of Emerging Market Sovereign
Bond Spreads: Fundamentals vs Financial Stress
Dimitri Bellas, Michael G. Papaioannou, and Iva Petrova
imf.org/external/pubs/ft/wp/2010/wp10281.pdf
This paper analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and temporary (financial market) factors on these spreads. During the current global financial and economic crisis, sovereign bond spreads widened dramatically for both developed and emerging market
economies. This deterioration has widely been attributed to rapidly growing public debts and
balance sheet risks. Our results indicate that in the long run, fundamentals are significant
determinants of emerging market sovereign bond spreads, while in the short run, financial
volatility is a more important determinant of spreads than fundamentals indicators.
Imagine no one but you could have found that MUMBO-JUMBO on their Own!
You must fascinate guests at dinner parties!
Written by: josean, 12 Jan 2013 9:18 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Imagine no one but you could have found that MUMBO-JUMBO on their Own!
You must fascinate guests at dinner parties!
now you understand why i got out of the thread.
Written by: Danilo, 12 Jan 2013 2:04 PM
From: Dominican Republic, DuckyDeals.com
Even if the economy was expected to improve, it's nice to hear some concrete numbers about this improvement.
what do these numbers have to do with economic improvement?
Dr. Dread I have been amazed that you have entertained any of his self righteous condescending ramblings for this long!
III. VARIABLE SELECTION AND DATA
We use the following variables to explain the spread levels:
? External debt/GDP
? Interest payments on external debt/reserves
? Short-term debt/reserves
? External debt amortization/reserves
? Fiscal balance/GDP
? Current account balance/GDP
? Trade openness
? Financial fragility (financial stress index)
? Risk-free rate and external liquidity conditions (U.S. 3-month Treasury bill rate and
10-year government bond yield, and volatility index VIX).
? Political risk
1
None of the countries included in the empirical analysis violated this condition during the period covered by the study.
C. Data Description
The data set covers 14 countries between the first quarter of 1997 and the second quarter of
2009. The dependent variable is the secondary market spread, as provided by JPMorgan’s
Emerging Markets Bond Index (EMBI).
This spread is measured by an index that includes sovereign and quasi-sovereign (guaranteed by the sovereign) instruments that satisfy certain liquidity criteria in their trading. The spread of an instrument (bond) is calculated as the premium paid by an emerging market over a U.S. government bond with comparable maturity features. A country’s spread index is then calculated as the average of the spreads of all bonds that satisfy the inclusion criteria, weighted by the market capitalization of the instruments. One of the benefits of such an index is that the time series are continuous, without breaks as bonds mature." (pp.9-10)
Source: Determinants of Emerging Market Sovereign
Bond Spreads: Fundamentals vs Financial Stress
Dimitri Bellas, Michael G. Papaioannou, and Iva Petrova
Dready, Rich, and those among you that can read:
Here's an interesting paper on the topic. Even cites the DR.
Sovereign Credit Risk in Latin America and Global Common Factors
Summary
(webmeets.com/files/papers/LACEA-LAMES/2012/288/Spreads_LACEA_2012.pdf)
This paper studies the importance of global common factors in the evolution of sovereign
credit risk in a group of emerging economies (15 countries in Latin America for which
daily data are available on sovereign credit spreads and CDS quotations from the beginning
of 2007 until February 2012).
2013 The Economist Intelligence Unit Limited
Latest analysis
Jan 11th 2013 – Haiti/Dominican Republic politics: Quick View - New Dominican-Haitian migratory policy is tested
Jan 10th 2013 – Latin America economy: Innovation rankings reveal uneven progress
Jan 7th 2013 – Dominican Republic: Country outlook
Jan 4th 2013 – Dominican Republic economy: Quick View - Central Bank again holds interest rate steady
Jan 4th 2013 – Dominican Republic: Country risk summary
Jan 3rd 2013 – Dominican Republic: 5-year forecast table
Jan 3rd 2013 – Dominican Republic: Business environment at a glance
Jan 3rd 2013 – Dominican Republic: Business environment ranking summary
Jan 3rd 2013 – Dominican Republic: Country fact sheet
Jan 3rd 2013 – Dominican Republic: Country forecast summary
Dominican Republic: Country risk summary
Sovereign risk B (AAA=least risky, D=most risky)
Currency risk BB
Banking sector risk BB
Political risk BB
Economic structure risk CCC
Country risk B
Dominican Republic: Business environment ranking summary
Value of index 5.85 (10=maximum)
Global rank 60 (out of 82)
Regional rank 8 (out of 12)
Country forecast
Key indicators----------------- -----2012 2013 2014 2015 2016 2017
Real GDP growth (%) -----------------3.8-- 3.0-- 3.9-- 4.4-- 4.7-- 4.4
Consumer price inflation (av; %) 3.7 ,,,,,,,,5.5 ,,,,,,,,4.8,,, 4.9,,,, 5.1,,, 5.4
Budget balance (% of GDP) ,,,,,,,-5.5,, -3.6,, -2.5, -2.2,, -2.4, -1.8
Current-account balance (% of GDP) -7.7 -5.4, -5.1, -5.2 ,,,,,,,,-5.6, -5.7
Exchange rate Ps:US$ (av) ,,,,,,39.33 41.50 43.07 44.35 45.76 47.15
Exchange rate Ps:€ (av) ,,,,,,,,,,,,,50.49 ,,,,,,,52.39 53.94 54.88 57.66 59.37
Live from NYC City is Extra MUMBO-JUMBO Sunday!
He suffers from a pathology which in his particular case has no cure until nature runs its course!
From: United States
Atabey, what exactly is your point? we can all get this data from google. why don't you explain what it says? "
Glad you ask Dready. As you know, there was much talk above about what caused the measurement giving DR a number of 309 basis points above the benchmark US bond. And so I decided to do a bit of data collection. Just thought you and some of the other cats that can actually read, would appreciate it.
No harm intended.
Have a Good Sunday.
RD country risk reaches its lowest level in five years
DOMINICAN REPUBLIC OVERTAKES ARGENTINA, VENEZUELA AND ECUADOR
Confidence. International investors have valued the latest economic measures taken by the Dominican government.
Jairon Severino
jairon.severino @ listindiario.com
Santo Domingo
The country risk of the Dominican economy fell to its lowest level in the last five years to reach 319 basis points at January 10, 2013, standing at a position very close to the Latin American average of 290 basis points, and well below countries like Argentina, Venezuela and Ecuador, with ratings of 1,080, 761 and 746 basis points respectively.
The information was released by the Central Bank through a document addressed to traders, which states that this improvement in the perception of international investors to the country favorably positioned for an eventual sovereign bond issue in financial markets,
Country risk is measured by the EMBI (Emerging Markets Bonds Index), which serves as a reference for investment decisions worldwide. This indicator is calculated by signing J.P. Morgan Chase, and is based on the behavior of debt issued by emerging economies and its differential with respect to interest rates paid by bonds denominated in dollars and Treasuries U.S.. The less certain that the country will honor its obligations, the higher the EMBI of that country, and vice versa.
According to the official report, the current levels for the Dominican Republic EMBI distance significantly compared to those recorded in the period 2008-2009, when the risk classification presented historically high levels. He notes, the last bond issue Dominicans for U.S. $ 250 million was placed at a coupon rate of 6.875% when the EMBI showed a level of 478 basis points, showing as the situation country risk has tended to decline since then,
The latest statistics show how they have been falling steadily for the latest coupons sovereign debt issues in the country, while it has maintained favorable levels of qualification by the major rating agencies.
ADVANTAGES
Given the current interest rate on the bonds of the United States and the country risk of the Dominican Republic, it is expected that there is a high probability that a new sovereign bond markets Dominican entail a coupon rate much lower than in the last issue.
The Central Bank notes that international analysts, the continued reduction in the EMBI explained by the confidence of foreign investors in the Dominican Republic, regarding compliance with its obligations in relation to external debt. "This confidence is supported by the commitment of the administration of President Danilo Medina regarding the transparency of public finances, higher tax revenues and a significant reduction in the fiscal defic
RD country risk reaches its lowest level in five years
DOMINICAN REPUBLIC OVERTAKES ARGENTINA, VENEZUELA AND ECUADOR
The Central Bank notes that international analysts, the continued reduction in the EMBI explained by the confidence of foreign investors in the Dominican Republic, regarding compliance with its obligations in relation to external debt. "This confidence is supported by the commitment of the administration of President Danilo Medina regarding the transparency of public finances, higher tax revenues and a significant reduction in the fiscal deficit, says the company.
In addition, JP Morgan analyst Franco Uccelli, highlights other factors that favor the prospects for the Dominican economy in international markets, such as growth of around 4% in 2012, maintaining a stable exchange rate and a inflation close to 4%, all this in spite of that fiscal constraints.
Glad you ask Dready. As you know, there was much talk above about what caused the measurement giving DR a number of 309 basis points above the benchmark US bond. And so I decided to do a bit of data collection. Just thought you and some of the other cats that can actually read, would appreciate it.
Atabey, my laptop has a google function. i can find all of this. EXPLAIN what this all means in real world terms.
Satisfied Dready?
what Atabey is telling you is that : Dominican Economy, all in all, is doing very well, it's not the (more) perfect one but it works fine. LOL
Dr.Dread, the guy is certifiable.
Written by: tschotschua, 13 Jan 2013 12:14 PM
From: Germany, Koblenz, Rheinland-Pfalz
Professor Dread,
what Atabey is telling you is that : Dominican Economy, all in all, is doing very well, it's not the (more) perfect one but it works fine. LOL
so, how come you have done it in one sentence, and it takes him pages of copy and paste to do the same thing?
It's what you do with it and the understanding of it that makes all the difference.. Just collecting it a pasting it doesn't make you know what it means, just means you know how to use Google!!
You escaped.
:)
Written by: Atabey, 13 Jan 2013 11:46 AM
From: United States, NYC
Satisfied Dready?
satisfied with what? you have done nothing more than copying and pasting articles that you do not understand.
Dready,
I'm not looking for any battle over this issue. If you read the papers-they are short BTW-you'll get a full explanation for the possible "whys" regarding the the upgrade for DR.
Above I posted some of the variables used to determine the numbers. Also The Economist Intelligence Unit and their brief summation of DR's status.
Only looking to illuminate things Dready. We don't want Dominicans and others getting their numbers from that "prestigious" Josean Econometrics Unit, do we?
:)
Santo Domingo.– The Central Bank reported Friday the Dominican economy improved to 319 basis points up to January 10, 2012, its lowest level in the last five years,
So are you saying that the score didn't go down Dready from the previous cycle score for DR?
Remember, as I understand it, a lower number is better, no? It means that the given spread is closer to the US bond used as a benchmark.
Example:
Say the US bond for a similar risk composition is 3%. If the DR risk above that is determined to be 319 basis points, then:
3% + 3.19%= 6.19%
6.19% is what investors are looking for in order to pick up the DR bonds.
Am I wrong to think this Dready?
"self righteous condescending ramblings"
The PERTINENT issue is IF the spread has INCREASED or DECREASED since the last time it was measured. As I understand the information, the Country Risk measurement for DR, expressed in basis points with the USA secondary bond market as a benchmark, calculated by "EMBI (Emerging Markets Bonds Index), which works as a reference for investment decisions worldwide. This indicator is calculated by the prestigious firm J.P. Morgan Chase." has determined that the spread for DR's bond product HAS NARROWED vis-a-vis the US bond of similar risk from the previous 2008 measurement.
Am I incorrect in thinking this so, Dready?
2013 is going to be a good and growth year for the Dominican Republic!
Of course, all and only thanks to Leonel, Danilo, and el PLD...
¡Seguimos Pa'lante y Manos a la obra!
8-)
Danilo es Presidente, Leonel 2016!
JHCL2016@yahoo.com / PLD.NEPA@gmail.com
And in otro tema.... El MORENO begging for $$$
JCE le quitó el reconocimiento electoral este sábado por no haber alcanzado el 2% de los votos el 20 de mayo.
"De acuerdo a la Ley Electoral (275-97), para mantener la personería jurídica, los partidos deben alcanzar el 2% de los votos de las últimas elecciones o tener representación congresual o municipal. AlPaís obtuvo 60,329 sufragios, lo que equivale a un 1.36%."
Los SUFRAGIOS del MORENO ahora mas parecen náufragos... Anda el diablo, y tampoco le fue bien pidiendo en Nueva Yoi. La suerte que su mujer no ha devuelto su jugosa pensión...
¡Seguimos Pa'lante y Manos a la obra!
8-)
Danilo es Presidente, Leonel 2016!
JHCL2016@yahoo.com / PLD.NEPA@gmail.com
The also PLD got 50% in 1973 !
Cruz te manda recuerdos desde DC!!!!!nos vemos pronto.
Please check out the final version of "La Frag"....
Stop wasting your time with those futile fcks, they're like black holes, nothing ever comes out of it. Do as I do and just come here to vent and release stress, not to gain it. And forget Google and facts, it's all the same to these futile fcks, facts = fiction and vice versa according to them.
A few months ago I realized that every hour that I spend arguing with these futile fcks it costs me $70 dollars. That's why I only respond with a couple of sentences these days, no facts, no googling, just opinions.
"The also PLD got 50% in 1973 !"
"1974.- En el país hubo elecciones nacionales, pero la dirección del PLD consideró prudente abstenerse."
No como el Molleto desesperado que le tiene miedo al trabajo como Dracula a la cruz...
Si o no?
¡Pa'lante y Manos a la obra!
8-)
Danilo es Presidente, Leonel 2016!
JHCL2016@yahoo.com / PLD.NEPA@gmail.com
Lo marikone van a marikonear, and there's nothing you can do about it. So like JHCL says, seguimos pa' lante y manos a la obra! Let our projects and progress do the talking.
We need those with bright minds moving our country fwd and not arguing with these futile fcks.
Am I incorrect in thinking this so, Dready?
if you understood the idea of the ratings , you would have the answer. you would not be asking me. maybe you should ask the other sabelotodos in the thread, like Danilo, to help you out.
A few months ago I realized that every hour that I spend arguing with these futile fcks it costs me $70 dollars. That's why I only respond with a couple of sentences these days, no facts, no googling, just opinions.
dude, do not flatter yourself. you barely can string a sentence together. you never attended an economics class in your life, yet you argue matters of development economics. so, who is wasting whose time? you contribute nothing. when the subject turns to jugando gallo, you might be able to educate us.
From: United States
asks Atabey
Am I incorrect in thinking this so, Dready?
if you understood the idea of the ratings , you would have the answer. you would not be asking me. maybe you should ask the other sabelotodos in the thread, like Danilo, to help you out."
Dready,
I'm trying to be nice and understanding. This is after all Sunday.
Tell me what am I missing from the article and my example above?
I'm really not being facetious.
Of course Dready..
Those 319 topics will change..
We are improving over and over!
That's why we it's going to change!
That's why we voted for PLD!
PLD 2016-3000
That's why we it's going to change!
Just by reading this (see above) you can tell that this guy is a RUMINANT. Sound like those old negroes in the slavery times : "MASSA THAT'S WHY WE IT'S GOING TO CHANGE!"!!! holding his hat with both hands and shuffling his feet at the same time.
We will see ya...soon in DR! Take care.
Keep teaching them!!!!! (Atabey/AKA SWIMMING TROLL)
Dready, this is Christmas 2012 or 2013?
Of course Dready..
Those 319 topics will change..
319 topics! the poor illiterate has no idea what he is talking about. 319 topics! poor soul.
So I wonder if this latin american average and the index of the component countries has much validity .
I think you need to pay for this information. Be a subscriber to one of the services. I've got some information that I'll post on a thread concerning this theme with reference to Latin America.
Dready you want to help me in so doing?
Try this link for some information.
jpmorganinstitutional.com/cm/Satellite?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1321487756276&ssbinary=true
I love these pseudo economist of dready , ingle and Josie's Ano that know more that the Central bank , world bank and J.P.Morgan..
These institutions have a bullish POV of dominican economy
But these guys from DT are really a joke..! They know more about economy than the EVERYBODY in the world!
I love these pseudo economist of dready , ingle and Josie's Ano that know more that the Central bank , world bank and J.P.Morgan..
what does the World Bank have to do with basis points?
667.14, which is up over 12% this year. Here is the index: .jpmorgan.com/pages/jpmorgan/investbk/solutions/research/EMBI
You can find an ETF, based on this index, on Yahoo Finance: finance.yahoo.com/q?s=EMB&ql=0
Today it sits around 121.67, which is up 13% from one year ago. If you had invested in this back in 2008, you would have earned around 3.6% per year for 5 years. If you had invested in 2011, you would have earned around 6.5% per year for 2 years. So, it’s all a matter of when you buy in.
Dominican Republic:
“Dollar bonds sold by the Dominican Republic have returned 21 percent this year, the most among 15 countries tracked by JPMorgan Chase … Latin American bonds have returned 14.6 percent over the same period. The yield on the country’s bonds due in 2027 have tumbled 270 basis points, or 2.7 percentage points, this year to 5.05 percent.”
Dominican Republic:
“Dollar bonds sold by the Dominican Republic have returned 21 percent this year, the most among 15 countries tracked by JPMorgan Chase … Latin American bonds have returned 14.6 percent over the same period. The yield on the country’s bonds due in 2027 have tumbled 270 basis points, or 2.7 percentage points, this year to 5.05 percent.”
businessweek.com/news/2012-12-05/dominican-republic-plans-13-bond-sale-to-finance-deficit
So, it does NOT seem like EMBI+ is a good proxy for DR risk. High returns usually go hand-in-hand with high risk.
Compare with T-Bills – the difference is the “risk.”
Wao dready:
We will miss your "professional statements" so bad...
Specially from such a great economist like yourself, that knows way much more than the hundred of economists of central Bank..
So my street pseudo economist.. I think that you should talk more about ganja smoking ..which is your really strong topic..
They still need to be analysed and reports made and it is at this point that one person can say that a certain set of figures means one thing and another person could say the opposite . Dreadlocks has his finger well on the pulse and his conclusions from reports may differ from others ,including my own but they are made with reason..
All I know , is that when the world economy was subsiding , the DR implemented some very good economic policiesincluding massive infrastructure works that gave us growth when most countries had none and we also borrowed from the IMF using the credits of the richer countries at very low interest rates . The only big error we made was in the last year , when we should have been going for a balanced budget
ESL BASURA AHHHHHHVIC
No te da verguenza escribir. Embarras el forum cuando pones algo!!!!!
Ricardolito: Please ignore ingle..
He is just a paranoid individual posting nonsense in this forum..
I like this information:
"The Central Bank reported Friday the Dominican economy improved to 319 basis points up to January 10, 2012"
Acording to wikipedia , DR is the 9th biggest economy in america latina and the #1 in the caribbean and central america ( yes, bigger than panama and costa rica)
acording to wikipedia
es.wikipedia.org/wiki/Econom%C3%ADa_de_la_Rep%C3%BAblica_Dominicana
That's VERY impressive in relation at our demography and population..
We should be proud that we evolved as a unified country taking baby steps with PLD for a better future..
Everyday we have better news..
Thanks PLD!
I like this information:
"The Central Bank reported Friday the Dominican economy improved to 319 basis points up to January 10, 2012"
as i said, this is why i do not waste my time in certain threads. here is a guy who has never opened an economics textbook in his life, but the is the FIRST guy to post in a subject that is quite complicated. way beyond his comprehension. this guy probably cannot do short division, but has all kinds of opinions on everything. Ricardolito, i am just like you. i was schooled in economics by first rate institutions, including the World Bank Institute. i , like you, have forgotten most of what i learned, but i still know more than guys who never studied it at all. DT is a magnet for the dumbest jerkoffs in cyberspace. if some of these guys joined DR1, they would throw them out of the site in less than a week. people like victor need to read some intelligent posting, and see how adults do it. they need to read DR1.
That's VERY impressive in relation at our demography and population..
care to explain that?
That's VERY impressive in relation at our demography and population..
ESL!!!!!
CITATION:
THE PDMR is awarded to the following ignorant, functional illiterates, third world morons; for their contribution and dedicated effort in support of the Purple Dragon thugs and corrupt Dominican ruling elite. This group of dedicated rabid ASS-KISSERS, BOCA DE BURROS, are the pundits of the Purple Dragon cause in DT.
OHHHVICTOR AKA BOCA E’BURRA/DANILO (SHARING THE 1STPLACE).
ATABEY
CARLOSFRANCO
JHC-
DON B DUMB (SILENT)
JARABACOA
BERNIES
DREAMKILLER AKA: Sandusky.
AnthonyC (same as John, MEGA A***Hs)
TRUJILLO
LAREGLA
LV ROD
IMARTINEZ
PEPE32
NOTE:
If you feel that you need to be part of this distinguished, award winning group of idiots; please let us know, and we will be delighted to make you part of this pack of plague infested RATS.
Danilo the "DUCK/Pato" looking for advise to come out of the closet!!!!
Effective NOW , whenever you hear the word BASURA! you must sound off with a loud, thunder-like reply of : HERE SIR!!!!!!!
Written by: dreadlocks, 15 Jan 2013 6:02 AM
That's VERY impressive in relation at our demography and population..
Dready:
1.-We have a a very tiny country geographically speaking in relationship with most of the countries in Latin America
2.-There are 24 countries in Latin America . We have the 9th biggest economy
3.-We are the number one economy in the Caribbean and central America
4.-We have only 10 million of people, in relation with countries like Brazil will almost 200 millions or colombia, 47 millions..Even Guatemala and Haiti got more people than us..
5.-We dont have 2,3 or 4 neighbors to have a bigger economy exchange like most of countries in America
6.-our neighbor is Haiti, the poorest country in the western hemisphere.We, with our limited resources are the ones that have to support them somehow..
I am certainly not an expert but demographically speaking we are not in the best situation in the world . We are doing VERY good with the limited resour
Boca e' burro,
Another "master PIECE"!!!! > Your vocal cords are located within your anal-rectal region, where the sphincter muscles serve as your acoustic activator.
I am certainly not an expert
that is an understatement.
From: Dominican Republic, vieja Santo Domingo
I congratulate Atabey for his research on many tax matters but , quite frankly , I have neither the time nor interest to come to any conclusion based on masses of figures . I do know that the DR can not implement a proper tax system such as is in the USA , Canada , Australia and much of Europe because we do not have a sufficiently sophisticated computer system that can assist in the compliance of the tax laws . So , instead we and all developing countries have to rely on taxes that can are difficult to avoid ..few income taxes but much tax on commodities and registrations and houses . It is not fair on the middle classes especially but that is the way it must be until we can collect income tax from the rich people here and their companies .
Rich,
The USA has been helping the smaller nations of CAFTA-DR get into the swing of it-that is a modern system of statistical data collection an
and management for over a decade now. Sure, it has taken time and is continuing apace, and we're not there yet. The quantity and quality of the professionals is still being development and nurtured, but ground is being made up. Tax treaties with other countries to collect our fair share of taxes is still largely unsecured. It may well take the reminder of this decade before the proper modern collection system known throughout first world economies has its full capabilities in DR.
And yes, the rich and property owning class will have to put more into the pot for modernization and development to be sustained and expanded for a modern decent society to take shape.
28 OPTIMIZING THE ECONOMIC GROWTH AND POVERTY REDUCTION BENEFITS OF CAFTA-DR – DOMINICAN REPUBLIC
SECTION 4 ---DOMINICAN REPUBLIC
transition.usaid.gov/locations/latin_america_caribbean/trade/T-LAD_Volume_II.pdf
e World Bank Trust Fund for Statistical Capacity Building and DGF contributions;
Evidence of weak statistical systems
Investing in national capacity
17. The weaknesses of the statistical systems in many developing countries have long been recognized. Capacity building activities, including training, technical assistance, and sponsorship of surveys and censuses, have helped to improve the availability of important economic and social indicators. A number of active Bank projects and sector programs include investments in statistical systems. But because the statistical component is not usually the principal objective, the activity and its impact often go unrecorded and unrecognized.
Partnership In Statistics for development in the 21st century
A global consortium of policy makers, statisticians, other users of statistical information in
support of evidence-based development, operating through existing global, regional and
national structures. The World Bank is one of its founding members, and is represented by
DECDG’s Director, on the Steering Committee.
• European Union,
• IMF
• OECD
• UN
• World Bank,
• Bilateral and regional development agencies
Latin America and Caribbean,
Regional, and country-level workshops; special task teams
(e.g. on advocacy, statistical strategies, census, statistical capacity building indicators,
rural and agricultural statistics); studies (e.g. on statistical operations review for monitoring
MDGs); support for information exchange (e.g. international meetings; quarterly newsletter, web-site, pro-poor policy films for country statisticians, poverty analysts and development agencies; statistical doc
Statistics Department
The Statistics Department of the IMF is working on a project to develop a framework that can be used in assessing the quality of macroeconomic data. It provides TA for improving the collection, compilation and dissemination of official statistics and assisting the participation in the SDDS and GDDS.
Again, there are more international organizations doing "Support for design of
overall strategies and action plans for enhanced data quality
in member countries; a framework for assessing data quality."
It's going to take time. We want these programs up and running at the speed of sound, but it's not going to happen that way. I give it at least to 2020 before we have a solid statistical data collection system fully functional in DR.
They represent organizations that have established working relations with the developing countries mentioned, DR being one such nation.
Many of these developing nations don't currently possess the talent and expertise needed to manage a sophisticated economy and obviously the wherewithal involved in modern taxation collection and effort. So these international and regional outreach programs are vital for the development of such talent in the individual countries listed. It will take time and effort to get these groups educated and advance enough to manage their respected taxation regimes. The vast statistical underpinnings and modern machinery required to do so is slowly being install in these countries.
Just in the case of the DR, we have witnessed over the last ten years or so a vast difference in both statistical modernization and it will only get more so as the professionals involved develop their expertise in the field. Developed nations have generations
of trained professionals in the field; States like DR are far from having that generational expertise and their countries have suffered from these deficits in training and expertise.
Within 10 years or so DR will have a good cohort of trained statisticians and other professionals to facilitate the modernization process in DR.
Just look at Chile and how much that nation has progressed in those areas.
DR needs to look at Chile as a guide.
Written by: dreadlocks, 17 Jan 2013 7:05 PM
From: United States
Atabey, what does all the crap you just posted above have to do with basis points?
Dreadlocks asks again, since Atabey ignored the question the first time, preferring to post yet more irrelevant crap.
: Ricardolito,
I congratulate Atabey for his research on many tax matters but , quite frankly , I have neither the time nor interest to come to any conclusion based on masses of figures .
I do know that the DR can not implement a proper tax system such as is in the USA , Canada , Australia and much of Europe because we do not have a sufficiently sophisticated computer system that can assist in the compliance of the tax laws .
So , instead we and all developing countries have to rely on taxes that can are difficult to avoid ..few income taxes but much tax on commodities and registrations and houses .
It is not fair on the middle classes especially but that is the way it must be until we can collect income tax from the rich people here and their companies ."
I agree, but believe those issues are being addressed, but will take time
From: United States
asks Dreadlocks
Written by: dreadlocks, 17 Jan 2013 7:05 PM
From: United States
Atabey, what does all the crap you just posted above have to do with basis points?
Dreadlocks asks again, since Atabey ignored the question the first time, preferring to post yet more irrelevant crap.
When IDIOT IRS Atabey is even getting push back from Little Rickey on his attempts to BAMBOOZLE with his MUMBO-JUMBO Copy and Paste nonsense, you Know its bad for the guy who got his political ASS handed to him by Hippo's Cab Drivers in NYC!