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Argentina Crisis: Financial turmoil could spark market chaos, experts warn
Topic Started: May 16 2018, 05:14 AM (1,027 Views)
Che On The Rocks

Big slump in new car sales registered in June
Quote:
 
The sale of new vehicles in Argentina fell 18.2 percent by comparison with the previous June with further steep plunges expected in the second half of the year, the Acara trade organisation reported.
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The sale of new vehicles in Argentina fell 18.2 percent by comparison with the previous June with further steep plunges expected in the second half of the year, the Acara trade organisation reported. Foto: CEDOC

“Argentina on the rocky road to recession”, anticipates The Economist
Quote:
 
On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen from 700 pesos to 4,000 pesos (US$ 142).

Already losing customers, Sergio Discenza, the manager, is reluctant to raise prices much. “In a normal country this would be a viable business,” he says. “But here everyone is struggling.”
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Frustratingly for president Macri, Argentina’s travails are, in part, a consequence of his efforts to put the economy on a firmer footing.
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
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Che On The Rocks
Jul 9 2018, 07:40 AM
W A Mozart
 
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, .... :lol: ) 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.
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.

W A Mozart
 
That's prognosticating, is it not?
Errr... it's more like remembering. :biggrin:

W A Mozart
 
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.... :popcorn:
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.

W A Mozart
 
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?
Because the majority of them are under right-wing, capitalist, pro-US governments now?

W A Mozart
 
By many reports Argentina was more "well-off" one hundred years ago than it is today. Again, why is that?
Because that never was?

W A Mozart
 
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?
Just a word: capitalism. :biggrin:

W A Mozart
 
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.
Resignation is a virtue or a vice?

W A Mozart
 
Let Macri do his job.
That is the thing: he is doing a crappy job.

W A Mozart
 
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?
We will know very soon (1.25 years). :cool:
1.25 years left?

I wouldn't waste your time waiting for Macri to fall. He may yet still win!

More later....


Mozart
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Robert Stout
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I hear Macri is doing a better job than the botox queen who preceded him.............. :dunno:
Jesus can raise the dead, but he can't fix stupid
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Che On The Rocks

Herr Professor Mozart: perhaps. Or perhaps not. :cool:
Mr. Robert Stout: that is because you are wearing your helmet. :biggrin:
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Anti-IMF Protests Take Place on Argentina's Independence Day
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Thousands of Argentine demonstrators filled the streets of Buenos Aires telling President Mauricio Marci and the IMF: "INDEPENDENCE CAN'T BE NEGOTIATED."
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Demonstrators attend a protest against the President Mauricio Macri's government agreement with the International Monetary Fund (IMF) in Buenos Aires, Argentina, July 9, 2018. | Photo: Reuters
Read here, too.

Argentina: Mass anti-govt. rally hits Buenos Aires on Independence Day
Quote:
 
Thousands of people observed Argentina's Independence Day in Buenos Aires on Monday by protesting against the government's economic policies, including the country's deal with the International Monetary Fund (IMF).
https://youtu.be/MVIWHhWMNSU

Argentina Marks 202 Years of Independence Rejecting IMF Deal
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As Argentina commemorated its declaration of independence on July 9, social movements and opposition legislators organized a march under the banner "the homeland doesn't surrender" to reject President Mauricio Macri's austerity and the recently signed deal with the International Monetary Fund (IMF).
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“On independence day Dujovne (minister of the treasury) is in New York on his knees before the bankers, promising we will follow the IMF’s plan. Meanwhile, in the streets, the homeland is alive, the homeland is standing,” legislator Lucila Masin said via Twitter.
Photo:@LuciMasin


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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
Member Avatar

Rather than demonstrating against austerity these idiots should be looking for a well paid job....It is not the governments job to put large sums of money in their pocket merely because they march in demonstrations......... :shakeshead:
Jesus can raise the dead, but he can't fix stupid
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