"On the Brink: The Dominican Republic Faces Very High Default Risk"

[Robert]

You better put that 100,000 motor concho order back in your pocket boss.
That is unless your going to sell that nice house you have that we paid for in the mountains?

Governability Problems!

[ricktoronto]

Pope is Catholic!
Bears do sh** in the woods.
Sky is blue!

The DR is battling to hold that primo "CC" junk bond rating, sez Forbes. With H re-elected they will have to invent new letters, like XX or ZZ.

[Escott]

Does this mean US dollars may not be safe in DR Banks?

[Chris]

Originally Posted by Escott

Does this mean US dollars may not be safe in DR Banks?

My take is that not even Dominican Pesos are safe in DR banks at the moment. In a few months, Dominican Pesos may also be worthless in DR banks.

[johne]

Originally Posted by Escott

Does this mean US dollars may not be safe in DR Banks?

Sometimes people ask the silliest of questions :}

JOHN

[ricktoronto]

Originally Posted by Escott

Does this mean US dollars may not be safe in DR Banks?

They are safe in there , very safe since you can't take them out. If you do you will get paid in pineapples or sugar cane.

[White Iguana]

Are there any "safe" investments in the DR? Maybe real estate? Or do you anticipate real estate to lose it's value as well?

[Onions&carrots]

Instead of dealing with what if, deal with what is. What is is that presently the DR is not in default. Keep on speculating but the DR has been in worse crises before and has bounced back nicely, thank you. I don't think a robust study has been done on the full effects of billions of dollars of remittances.

Just spoke to my uncle yesterday. He said the PRD has a 42 percent rating. When you join that with the PRSC they are a shoe-in for a second round.

[gringo in dr]

Every country bounces back. Argentina is bouncing back. That is not the question.

The question is how low is it going to go before it "bounces" back.

Personally I know we are still a long way from hitting bottom. Pass me another presidente!