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Strategies & Market Trends : Ch - a CEF, the Chile Fund -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (11)3/3/1999 10:10:00 PM
From: Pareto  Read Replies (2) | Respond to of 18
 
I live in Santiago. Chili pepper isn't sold here,
therefor you need to be in Mexico. Peppers are called aji (expressed as 'agi'). But Chileans don't eat it 'picante'. They are called 'the English' of South America. You can't compare it with Venezuela, that's a mess because of the oil boom 20 years ago.

Bottom of the economy has been reached October last year, since then the stock index has gone up from 56 to 110 again. So the contrarians are already to late. A safe bet could be CTC ADR, the telephone company. Copper will stay low for some more time. Inventories are high and production is still growing. Will go up after Japan is fixed and starts buying more red metal.

Started just 10 years ago, Chile is now one of the three largest salmon producing countries. Quality wine production and fruits/vegies exports are growing fast. Dependency of copper is reducing.

Economy is in order, people spent less, work harder after the flu hit last year.


Regards,
Pareto
Santiago de Chile 32C