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| Argentina Crisis: Financial turmoil could spark market chaos, experts warn | |
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| Tweet Topic Started: May 16 2018, 05:14 AM (1,022 Views) | |
| Robert Stout | Jun 27 2018, 08:25 PM Post #81 |
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Rule 2 in basic economics.....Never buy Argentina government bonds.............
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 28 2018, 04:58 AM Post #82 |
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Herr Professor Mozart: we already were there. While a real problem, the drought is being used like a cover/excuse for more serious failures.------------- The IMF is back in Argentina: “an economic and social crisis, even more serious than the present one, looms large on the horizon”
![]() UPDATE 2-Argentina stocks fall most since 2014 amid emerging markets selloff
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | Jun 28 2018, 10:18 AM Post #83 |
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Whooooooaaa...! Excellent point! Now that is a very interesting, and complex, topic to be covered on these pages. But, let's give it a try, and a brief overview. First, QE was an action undertaken by the Obama administration to 'kick-start' the economy after 2008. To make a very long story, ...very, very short, I would refer you to read this article: ...https://www.realclearmarkets.com/articles/2016/08/24/the_fed_and_fiscal_policy_during_the_obama_years_102319.html and this quote: ..."The Fed chose a policy of unprecedented monetary accommodation, which has substantially eased the way for massive federal borrowing during the Obama presidency." ... The Obama administration used QE to "spend their way" out of a recession. They tacked on 10 trillion (with a 't') in debt and doomed the millennial's to pay it all back. The poor sods don't even know it yet, ..... . Now, why didn't THIS action (QE) cause massive inflation in the US? Simple, we're not Argentina and we're not Pakistan. The liberals in the US Congress, and the Obama administration, correctly guessed that the US currency is the dominant player on the world stage. We can inflate, you can't. Lot's of places to spread excess currency around. We can print-till-the-cows-come-home, without the usual consequences, because it will be picked-up by other countries as their official currency. Obama and Ben Bernacke figured that out. If you live in Argentina, what would you rather hold, a US Dollar or an Argentinian Peso? Go ask Che, .... . Multiply that thought in third world governments around the world. Basic macro economics in a changing world.That's as far as we need to go. Mozart Edited by W A Mozart, Jun 28 2018, 10:20 AM.
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| Che On The Rocks | Jun 29 2018, 05:27 AM Post #84 |
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Recession Feared in Argentina as Cracks in Economy Grow
![]() Just 99 Years to Go as Argentine Century Bond Hits Record
![]() UPDATE 1-Argentina central bank boosts dollar sales as peso slides Read here, too. Beautiful! Toto does the same as Freddy, but with the IMF money! What could go wrong? |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | Jun 29 2018, 05:33 AM Post #85 |
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In the streets: Study: Nearly Half of Argentina's Children Live in Poverty
![]() Argentina's President Mauricio Macri ended a program to provide laptops and educational technology to schoolchildren. | Photo: Reuters Two Teachers Unions Call National Strike Following Police Repression in Chubut
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | Jun 29 2018, 03:00 PM Post #86 |
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Everyone in Argentina wants free stuff from the government, but the government can't provide it without raising taxes on the "poor" and others who want free stuff....It is a tragic dilemma of Argentina.............
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 30 2018, 05:23 AM Post #87 |
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Mr. Robert Stout: taxing the rich is out of question, naturally. ------------------ UPDATE 3-Argentine central bank increases dollar sales as peso weakens Read here, too. ARGENTINA: Merval Plummets 8.80% Due To Aversion To Local And Global Risk
In the streets: Conicet Research Fellows Gathered Nationwide, Demanding Reversal of Macri’s Grant Freeze
![]() Researchers carry signs reading, “We don’t want to choose between leaving science or leaving the country” (Photo via El Tribuno) Argentina's new bartering economy OH, AGAIN! Edited by Che On The Rocks, Jun 30 2018, 05:24 AM.
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| voted4reagan | Jun 30 2018, 08:07 AM Post #88 |
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Just saying.... If the protesters in Argentina spent as much time working the country would be in far better shape... Fact is that decades of a semi closed economic system has put Argentina in a deep hole that someone has to dig them out of... Macri is that someone... and it's working... |
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Trump needs to focus more so on the male vote. He should have nationalized the Boy Scouts when they decided to admit girls. Harambe4Trump AKA "FASHY" | |
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| W A Mozart | Jul 3 2018, 08:42 AM Post #89 |
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From Forbes on Friday: https://www.forbes.com/sites/nathanielparishflannery/2018/06/29/what-can-investors-expect-from-argentinas-economy-in-2018/#6a61a2251755
They got it right... So, what's Macri's REAL problem? He needs to cut the spending, ....by a whopping 9 Billion dollars. That's Argentina's core problem, spending more money than they're taking in, resulting in massive inflation. You add a soy bean drought to the equation and you got real problems here. Che's mobs descend on the streets with ANY cuts to the budget, yet the Peso is dropping like a rock because of all the spending. No one cares. Give me mine, to hell with the rest. ...."Parish Flannery: What's your outlook? Are you optimistic that Macri is still going to help get Argentina's economy back on track? Blanco: Three big problems include the fact that straight away Macri will have to find some $8.9 billion in further cuts this year alone to meet the revised fiscal deficit target of 2.7% of GDP, down from 3.2% previously. Inflation targets have been relaxed out to 2020. The target is now 17% for 2019, 13% for 2020 and 9% for 2021 meaning not only continued pressure on consumer incomes, but also a longer period of eye-wateringly high interest rates. Tight financing conditions, in turn, will weigh on private investment – and overall growth. Dujovne now expects real GDP growth of 1.4% this year and 1.5%-2.5% for 2019, down from initial expectations of over 3%." ... Mozart Edited by W A Mozart, Jul 3 2018, 08:44 AM.
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| Che On The Rocks | Jul 4 2018, 07:04 AM Post #90 |
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Mr. V4R: yeah! Macri is digging Argentina out! Through the Earth's core, straight to China! P.S.: Uncle Tom's Cabin is an American novel, not an Argentine one. The protests will go on. Herr Professor Mozart: Macri is in a zugzwang position, yes. By his own actions, more than "Cristina's mismanagement". ------------------- Opinion from the left: Argentina: Who will pay for the crisis, them or us?
Opinion from the right: Do cry for Argentina
© Getty Images |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | Jul 4 2018, 07:20 AM Post #91 |
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Argentine Peso Jumps After Central Bank Acts to Reverse Sentiment
![]() UPDATE 2-Argentina to sell one-year dollar Treasury notes -government ^^^ SUPER DANGEROUS! The Macri Regime tries the dollarization of the Lebacs! UPDATE 3-Argentina to cover some 2019 financing needs with domestic bonds
Will The Gov’t Increase Taxes on Overseas Flights and Impose New Ones on Credit Card Purchases Abroad? Dujovne Says No; Dietrich and Peña, Maybe
![]() Nicolás Dujovne / Source: Urgente24 |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | Jul 4 2018, 07:32 AM Post #92 |
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Argentina: Amid Austerity Push, Macri Spent Nearly US$57M of Govt Funds to Fly Abroad
![]() The right-wing president's over two- year presidency has been marked by severe cuts to education, health, and other sectors. | Photo: Reuters Argentina: Teachers March To Demand Wages Above Poverty Level
![]() A teacher wears a Christine Lagarde mask during a protest at the Ministry of Education in Buenos Aires to demand better pay. | Photo: Reuters Read here, too. Argentine small businesses feel pinch as consumers tighten belts
![]() Hair stylist Monica Pesce, in her salon in the Buenos Aires suburb of Belgrano, on June 23, 2018 |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | Jul 4 2018, 11:15 PM Post #93 |
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The rich in Argentina are already taxed....Che wants to eat them....The best way to reduce deficits is to allow the poor to starve to death, lay off all the teachers and close the schools, charge demonstrators at protest marches an hourly fee, and not buy any more submarines............
Edited by Robert Stout, Jul 4 2018, 11:22 PM.
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jul 5 2018, 05:36 AM Post #94 |
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Mr. Robert Stout: yes, that is Macri's endgame. ------------------ BCRA Report: Private Analysts Estimate the Inflation Rate Will Surpass 30% in 2018
![]() Argentine Lawmaker: 'Give Tips' to Combat Economic Crisis
![]() Legislator Elisa Carrio, member of Macri's Cambiemos, or Let's Change, party. | Photo: EFE |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | Jul 5 2018, 09:16 AM Post #95 |
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Yes, indeed it will. Thirty percent. And what can you, Che, the great economic prognosticator, do to lessen that 30% rate? Stop government spending! By the way, I like your quoting Bubble, at least they're somewhat fair. But, ...but, do you see the dilemma here? You can't be posting stuff about HIGH inflation rates, at the same time posting two hundred thousand (fill in the blank here: _____) people in Buenos Aires demanding that the government spend more money on (fill in the blank here: ______). Now, wasn't that simple? ... Mozart |
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| Che On The Rocks | Jul 6 2018, 06:18 AM Post #96 |
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Herr Professor Mozart: i'm not "the great economic prognosticator", ha ha! I'm just a passenger on a ship that sank too many times. Che The Submariner. And if you think that you can stop the protests lecturing People about orthodox theory of inflation, well, think again. This is Spar... err... Argentina! ------------- Elisa Carrió Dragged on Twitter for Saying Poor People Need “Tips and Bribes”
![]() Demonstration outside of Congress following Carrio's comments (photo via Clarín) UPDATE 2-Argentina sells $422 mln in Treasury notes, below expectations
Argentina's Macri forced to cancel independence day parade by military over wage dispute
![]() Last year's Argentine independence day parade in Buenos Aires. Sharp budget cuts this year prompted the armed forces to rain on Macri's parade instead. |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | Jul 6 2018, 06:24 AM Post #97 |
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As inflation soars, Facebook drives trading in Argentina's barter clubs
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | Jul 6 2018, 09:30 AM Post #98 |
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Che will soon be willing to trade all the clothes he is wearing for a bag of rice..............
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| Jesus can raise the dead, but he can't fix stupid | |
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| W A Mozart | Jul 8 2018, 08:07 AM Post #99 |
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By implication, you are playing the role of a "great economic prognosticator." Yes, indeed. A South American prognosticator who has looked around other South American countries (er, Venezuela, .... ) and knows what works, and what doesn't. You are in affect saying that if Argentina were to bring back the Botox Queen, economic conditions and inflation would, ...., wait for it, ......improve. That's prognosticating, is it not? We have the solution for Argentina...! Another term consisting of a wrinkled old hag with a face caked-in three layers of plaster of Paris. Right. That'll work.... Furthermore, if you put your silly Argentinian-made prognosticator cap on, (hint: it's in the closet) you would look around all of South America for "inspiring economies" and would find, ....nothing. Maybe Chile. Maybe Costa Rica. Perhaps Panama. Still, it's all kind of a yucky, stagnant state of affairs ...isn't it? A flippin economic mess/catastrophe from the Rio Grande to Cape Horn. Why is that? By many reports Argentina was more "well-off" one hundred years ago than it is today. Again, why is that? Not only that, I was sipping morning coffee when I came across the final four for the World Cup. Not ONE South American team! What gives? Perhaps you people need to spend more time enjoying life itself rather than constantly making new political placards and wasting your time waving them to the few by-standers in the central squares. The kids need to spend more time in the soccer fields of Buenos Aires than marching around carrying goofy placards. Let Macri do his job. If you don't like him at the end of 2019, you can vote him out. fine and dandy. But, is there enough of a steady supply of botox in Argentina to sustain yet another reign of Cristina? Mozart Edited by W A Mozart, Jul 8 2018, 08:12 AM.
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| Che On The Rocks | Jul 9 2018, 07:40 AM Post #100 |
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Actually, i'm saying that Macri's economic policies are more or less the same as those of the last Dictatorship and the last neoliberal period (Menem+De la Rúa). And that if he goes on like them, he possibly will end like them. Errr... it's more like remembering. If Cristina -or someone like her- rise to power again, she will not find the same Argentina than 2003. “No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” So, there are simply no guarantees. Only hopes. Because the majority of them are under right-wing, capitalist, pro-US governments now? Because that never was? Just a word: capitalism. Resignation is a virtue or a vice? That is the thing: he is doing a crappy job. We will know very soon (1.25 years).
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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While a real problem, the drought is being used like a cover/excuse for more serious failures.
. Now, why didn't THIS action (QE) cause massive inflation in the US? Simple, we're not Argentina and we're not Pakistan. The liberals in the US Congress, and the Obama administration, correctly guessed that the US currency is the dominant player on the world stage. We can inflate, you can't. Lot's of places to spread excess currency around. We can print-till-the-cows-come-home, without the usual consequences, because it will be picked-up by other countries as their official currency. Obama and Ben Bernacke figured that out. If you live in Argentina, what would you rather hold, a US Dollar or an Argentinian Peso? Go ask Che, .... 













) and knows what works, and what doesn't. You are in affect saying that if Argentina were to bring back the Botox Queen, economic conditions and inflation would, ...., wait for it, ......improve. That's prognosticating, is it not? We have the solution for Argentina...! Another term consisting of a wrinkled old hag with a face caked-in three layers of plaster of Paris. Right. That'll work.... 
10:25 AM Jul 11