Chilean Financial Crisis?

So its hard to avoid the financial crisis right now, almost as hard as it is to avoid the elections in the US ( and in Chile!). So of course the topic of the weekend at all the parties was if this was going to affect Chile or not. So I did some reading over the weekend in the local papers and listened to a radio program on the topic. A few months ago everyone predicted there would be little impact on Chile. However, now with the increasing size and global impact of the credit crisis in the US, it seems that Chile will be impacted.

I am not an economist by any means, but from what I understand these could be the possible impacts here in Chile.

1. A weak economy in the US and global economies will result in less exports for Chile.
- Less exports means people will start losing their jobs.
- Unemployment rate is going to go up

2. Retirement funds are going to lose money (Such as AFP funds)
- Many of these funds invested in the US market, which means losses.

3. Luckily Chile has a huge SWF due to Copper. And while the price of copper is down, Chile has almost no public debt and a huge amount of savings, which means it should be able to bounce back from any affects this crisis does have on the economy.

So... in short I think if I had to choose between being in the US or in Chile right now for economic reasons, I would definitley choose Chile.