The Latin American bags closed today with bulky losses, dragged by the fear of a bankruptcy of Dubai, in a session that was anticipated of relative calm thanks to the closing of Wall s$street by the festive one of Thanksgiving.
They are the symptoms of the crisis that continues appearing, and that not yet they are let absolutely feel. Then although already we listened to in mass average Chileans who the worse thing of the crisis happened and that now the economy is recovering, the facts and by coming do not make doubt the veracity of their sayings.
The request of the Emirate of a moratorium for its “holding company” Dubai World, person in charge of several of the more outlandish real estate projects of the world, was done public today by the British newspaper Financial Times.
This “default” could become the public major from which it affected to Argentina in 2001.
The fear to the collapse of the Arab State, very punished by the crisis, flooded of pesimism the investors and Latin America was not the exception, beginning by Buenos Aires, whose Merval index fell 4.28%, until the 2,156, 99 points, in a day with businesses by 43.2 million Argentine pesos (11.3 million dollars).
The stock-exchange wheel of Santiago was added to the losing wave, when descending 2.15% in indicator IPSA and closing in 3.184, 04 points, after reporting transactions by 27.341.257.543 pesos Chilean (54.68 million dollars).
Numbers more numbers less, the dollar continue lowering, the Central bank not yet takes part apparently the fashion that comes are the DEG, although from the IMF they have declared that the imperial currency still has for short while in the dominion of the international trade.