SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David W. Tucker who wrote (250)11/30/1997 1:49:00 AM
From: C. Riley  Read Replies (1) of 441
 
Wall Street ranks Venezuela and Mexico as the top two countries in
Latin America for economic strength. This is according to a
roundtable discussion on this very subject that I watched on TV today.
That puts it ahead of Brazil, Peru, and all the rest.

I think the banking "crisis" you referred to is the one which was
resolved in the beginning of 1996, not an ongoing problem. To quote
from the same news source as the URL in your post (referring the
the problems from early 1996):
"This wasn't the world's worst crisis," he says, referring to similar
problems in Chile, Argentina,and Colombia. In Venezuela's case "the
problem was solved quickly." This was nearly two years ago.

More recent news which the URL doesn't mention, the Venezuelan
congress has just this week passed the 30 something billion dollar annual budget for next year.

Strange though it may seem to us in the States, inflation and devaluation are just a way of life in Latin America. The economies
however run with the such changes in mind. I myself have Latin American bank accounts which are denominated in U.S. dollars rather than the local currencies for this very reason, and so do the citizens
of these countries.

Not to dismiss the URL in the post, but it's not exactly an example of
journalistic excellence. Such sources outside of the U.S. are often
biased political ramblings closer to the National Enquirer than to
the New York Times or the Wall Street Journal.

And GaBard is absolutely right in pointing out that the lottery which
Noram is providing is an essential part of their economic plan. Any
problems with their economy would seemingly make the lottery all the
more valuable and important to their economic success.

All in all, Noram has grasped a privileged position in our neighbor to
the south.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News