Our November International Business & Investing course began yesterday…so we’ll follow this group. This is a typical schedule…beginning with a course, then followed with an Adean real estate tour and concluding with a real estate tour on the Ecuador coast.
We try to schedule three courses together like this so delegates can choose one two or all three tours…whatever works best for them and this allows us to provide substantial discounts on the second and third tour.
Most delegates arrive in Quito the night before. Alberto, Steve and a few of our staff drive up to meet everyone and deliver them to a hotel (usually Hotel Quito or Radisson – we negotiate a discount for everyone so the hotel that offers the best deal gets the business) where they spend the night.
Next morning they all meet and have a ride around Quito before heading north to Cotacachi.
Before the main group is arrives, the staff at our Inn goes into hyerdrive bringing in fresh food. Here is our manager Franklin with makings for fresh vegetable soup.
Consuelo and her helper follow.
They fill up the bodega. Here is our chef Santiago checking the inventory.
while his assistant Alberto starts the soup.
A few early arrivals are already in the courtyard waiting and talking. Here a couple are discussing economics with Peter Laub of Jyske Bank.
Eduardo and his assistant, prepares juice and quinoa cake for everyone to enjoy.
This time Eduardo has created a mango alfalfa drink..delicious.
Finally the bus arrives.
Delegates disembark and the courtyard comes alive.
Many friendships are made. Guests dine, sit round the fireplace and discuss what they expect…what they want…what they think we’ll learn.
Tomorrow we begin next door in the Museum’s meeting room at nine.
Our hotel, of course, is fully booked so we place delagtes at La Mirage, several hostels as well as condos near the hotel.
Subject matter in the course begins with global economics and were to invest now. We have several speakers who join me. In this case Peer Laub of Jyske Global Asset Management (JGAM).
We look at the long term economic fundamentals at work and how investors can react now.
This week JGAM pointed out:
“The main attention this week was the US presidential election. Up to the election we saw markets in Asia acting with euphoria due to positive signs of improved conditions in the credit markets as well as the prospect of Obama winning office. Europe and Wall Street continued with the positive sentiment and Tuesday became the strongest presidential election day rally in history. After the election celebrations, markets woke up to the outlook of a severe economic contraction and the euphoria turned into panic selling, with declines up to -10% over two days. Bank of England (BoE) chocked the market Thursday with an aggressive cut of 150 basis points on the key interest rate. This move sparked a mid day rally for 45 minutes until the European Central Bank (ECB) disappointed the market with only a 50 basis point reduction. The EUR/USD has been very volatile over the week ranging from 1,2520 to 1,3120 now trading at 1,2797. We anticipate other central banks to follow the US and EU with reductions over the next few weeks. “
Then we looked at how this volatility and lowering interest rates would create opportunity in bond markets…my message was “a golden bond opportunity is coming.”
Today we will be lookng at this as the course continues.
Until next message good global investing.
Join us at a course in Cotacachi or on Ecuador’s coast this winter.
We’ll visit the Otavalo markets.
Courses are centered around this open air courtyard in our colonial inn El Meson de las Flores.
You are also invited to tag along to the beach where we visit all types of Ecuador beach property for sale. Here is one f our previous tours enjoying a visit to Vistazul condos.
Better still join us all year in Ecuador! See our entire schedule of 26 courses, tours, mingos and expeditions we’ll conduct in 2009.