Good news and bad news this week. Investors show their strong belief in Trump and Panama by over subscribing to the $220 million bond while the housing market in the U.S. is in turmoil. We continue to see people come to Panama from the U.S. looking for a better deal and a safe haven, but the numbers are significantly lower than past years. Will this housing turmoil affect Panama, absolutely, as far as the North American market goes, but Panama also attracts people from all over the world and the dollar weakness is making us more attractive to European buyers and political instability in nearby countries makes Panama a viable alternative.
Excerpt:
"We have not seen a nationwide decline in housing like this
since the Great Depression," Stumpf said at a Merrill Lynch &
Co banking conference in New York.
"I don't think we're in the ninth inning of unwinding
this," he continued, using a baseball reference. "If we are,
it's an extra-inning game."
Read the whole story here at Reuters....
Discuss Add this link to... Bury
Excerpt:
"We have not seen a nationwide decline in housing like this
since the Great Depression," Stumpf said at a Merrill Lynch &
Co banking conference in New York.
"I don't think we're in the ninth inning of unwinding
this," he continued, using a baseball reference. "If we are,
it's an extra-inning game."
Read the whole story here at Reuters....
Discuss Add this link to... Bury
- Offshore IBC - An Offshore Panama IBC is an International Business Corporation incorporated in Panama and are eligible to conduct business around the world as well as inside of Panama. Learn more about the uses of an offshore company...
- A complete guide to Offshore Anonymous Debit Cards
- Panama Maps The Net's most complete source for maps of Panama.
- Panama Yellow Pages Here you can find phone numbers and addresses for most businesses in Panama. Pages are in english for the español impared!
- ExedraBooks.com - ExedraBooks is located on the corner of Vía España and Vía Brasil, across from Galerias Obarrio. They have a fine selection of books in english including children's books, fiction, religious, and reference from popular contemporary authors as well as the classics. While you are there don't forget to stop in the cafe for an espresso or capuccino, and take advantage if the WiFi internet connection. (the WiFi is free if you spend $5.00 in the cafe!)
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