October 2015

Spanish October 26, 2015

Pablo Soria de Lachica – Analyzes Reasons for the Current Oil Crisis

MEXICO CITY, MEXICO – As the worldwide oil crisis continues to resonate in economies throughout the world, analysts predict a continued downward trend of the price per barrel. Lower prices on oil may seem like an initial benefit for consumers with face-value perks such as reduced fuel prices. However, as an international broker and investment author Pablo Soria de Lachica notes, the true consequences of this type of plunge creates a variety of negative effects – and potential crises – in countries throughout the world. Reports continue to come in from across the globe noting the sources of ongoing depreciation in oil prices. The latest news out of China speaks directly to the potential risk: As the Chinese stock market continues to dive, the overall global demand for commodities drops with it. This includes oil, with a $15 drop between…

Spanish October 15, 2015

Pablo Soria de Lachica – Predicts Impact of China Crisis on World Economy

MEXICO CITY, MEXICO – Investors should not take the recent crisis of the Chinese economy lightly, says foreign exchange specialist Pablo Soria de Lachica, who predicts that – because of the size of China’s economy – “all countries will feel a definite impact.” After growing rapidly, the Chinese stock market bubble has popped, and nations around the world are starting to feel the decline in one way or another. In addition to the stock market, the country’s economy as a whole has slowed down, a development that has already resulted in lower oil prices, due to the decreased demand from the People’s Republic. Only one year ago, the average price for a barrel of oil was $100. Today, it has shrunken by 55% to $45, and Goldman Sachs estimates that the decline could go down as low as $20 per…

Spanish October 9, 2015

Pablo Soria de Lachica – Optimistic that Germany will Benefit from Taking in Syrian Refugees

MEXICO CITY, MEXICO – In the past few months, hundreds of thousands of migrants from countries such as Syria, Afghanistan, and Eritrea have flooded into European countries seeking asylum. At about 50%, Syrians make up the overwhelming majority and thus have been impacted the most by many European countries’ reluctance to grant them refugee status. However, authorities in business and economics like Pablo Soria de Lachica are pointing out the benefits these countries will experience by taking these refugees: “I believe that Germany’s willingness to grant asylum to a record 800,000 refugees in 2015 alone will result in an economic windfall for the country,” the trading specialist assesses the current development. While some of Europe’s resistance has been attributed to cultural concerns, a large portion has been identified as citizens’ and governments’ fears that refugees will be an economic burden…

Spanish October 8, 2015

Pablo Soria de Lachica – Warns of Detrimental Effects Trump’s Mexico Plans Could Have on U.S. Economy

MEXICO CITY, MEXICO – Republican presidential nominee, Donald Trump, has made headlines with his radical plans for dealing with illegal Mexican immigrants, which includes deporting all undocumented aliens, ending birthright citizenship, and building a wall along the U.S.-Mexico border. An increasing number of financial and economic experts have been shaking their heads about the absurdity Trump’s ambitions entail: “Building a wall along the Mexican border is not only impractical, but so overly expensive that it would severely damage the U.S. economy,” says Pablo Soria de Lachica, Business Development Director for Kartoshka, a prominent currency-trading firm based in Panama. Soria de Lachica, who graduated from Universidad Tecnológico de México (UNITEC) before starting his career in international trading, is known for his expertise in economic relations between the United States and Central America. Asked about the potential effects that Trump moving into…