Banco de Chile (CHILE.SN)
Santiago - Santiago Delayed Price. Currency in CLP
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What to look for:
1. How much of the government is filled with similar card carrying commies?
2. Is there sufficient opposition in the congress to de-rail their communist agenda?
3. What is the current tax rate for business, and what level does the communist want?
4. How is the mortality rate? Are people gassing out right and left, having BCH to foot the insurance bill?
5. How is the inflation compared to GDP?
6. How is the delinquent loan payments? Are the communists paying back the borrowed money + interest to the bank?
Expect short term pain. The pain will last for couple of quarters, with each bad news of the newly elected minister of finance, commerce, etc., preaching General Mao's teaching. The opposition has to resist, ignore all the kids, baby mama's, etc., crying crocodile tears in the streets.
If Chile decides to have a national bank to compete with the private sector in terms of loan interest rates, then its game over; time to cash out your loses.
I am on the BCH train starting today at $3K. This will be a fun ride.