The economic future of Argentina

Those of us who have been in Argentina for a while know how much bullshit CFK is spitting out with her statistics. Looking back at 3 years worth of grocery bills makes it blaringly obvious the rate of inflation is a lot higher than her statistics claim. I'm lucky to earn another currency, if it is one thing that amazes me it's how the people here manage to live. It's now got to the point where I struggle to think of anything in Argentina that is actually cheaper than most first world countries. Electronics, cars, furniture, clothes, petrol, tv / internet and even most groceries to name just a few of the most common household purchases are way more expensive here. I find it hard to understand how the majority of people here survive. I understand the whole "paying in bills" thing can help, the average salary must be a lot higher than I thought.

[QUOTE=BorisB;431543]Those of us who have been in Argentina for a while know how much bullshit CFK is spitting out with her statistics. Looking back at 3 years worth of grocery bills makes it blaringly obvious the rate of inflation is a lot higher than her statistics claim. I'm lucky to earn another currency, if it is one thing that amazes me it's how the people here manage to live. It's now got to the point where I struggle to think of anything in Argentina that is actually cheaper than most first world countries. Electronics, cars, furniture, clothes, petrol, tv / internet and even most groceries to name just a few of the most common household purchases are way more expensive here. I find it hard to understand how the majority of people here survive. I understand the whole "paying in bills" thing can help, the average salary must be a lot higher than I thought.[/QUOTE]It's soooo bad down here that someone stold the lightbulb out of it's socket at the Pizza place that I go to! The light in the bathroom! They even stold the drain cover because it was bronze! That's pretty bad, not to mention the toilet paper out of most of the bathrooms in restos!

TL

WOW doesn't look very good.

[url]http://www.zerohedge.com/news/2013-02-04/argentina-freezes-supermarket-prices-halt-soaring-inflation-chaos-follow[/url]

[QUOTE=Sidney;431559]...as the amount of Argentines travelling abroad climbed 12.8 percent.[/QUOTE]In a speech yesterday she cited the 13% increase as proof that it was [i]"a myth that nobody could leave the country"[/i] because of her currency exchange restrictions.

[QUOTE=Sidney; 431559]Foreign tourism drops 4. 1% in 2012.

President Cristina Fernández de Kirchner announced during a rally held at the Government House that the foreign tourism dropped 4. 1 percent in 2012, as the amount of Argentines travelling abroad climbed 12. 8 percent.[/QUOTE]The reason so many are travelling overseas is because it is a lot cheaper to buy things, anyone who has spent some time at Ezeiza can only laugh when the hoards of Argentinians arrive from USA with massive suitcases!

[QUOTE=BorisB;431562]The reason so many are travelling overseas is because it is a lot cheaper to buy things, anyone who has spent some time at Ezeiza can only laugh when the hoards of Argentinians arrive from USA with massive suitcases![/QUOTE]Were laughing because the Locals have to pay 50% import duties on stupid things like I-Pods and Laptops, etc; while Jackson and Waterboy are waltzing through the customs lines with 32 and 40inch flat screens without even a looksy!

Now that is funny!

TL

I was not laughing the other day when I had to pay $1500.00 DOLLARS for an $800.00 Dollar Sony !

[QUOTE=TejanoLibre; 431564]Were laughing because the Locals have to pay 50% import duties on stupid things like I-Pods and Laptops, etc; while Jackson and Waterboy are waltzing through the customs lines with 32 and 40inch flat screens without even a looksy!

Now that is funny!

TL.

I was not laughing the other day when I had to pay $1500. 00 DOLLARS for an $800. 00 Dollar Sony![/QUOTE]What's funny to me is the color photo printer I was looking for here in BA, apparently there is not one in Argentina! I got an email from the store today telling me this. Oh and they won't order one for me. May need to get one brought from the USA. Incredible!

[QUOTE=Sidney;431812]Buenos Aires City property sales plummet 27 in 2012 because of the dollar clamp.

Property sales in the City of Buenos Aires plummeted 27% during 2012 according to a release from the Notaries College of the Argentine capital.[/QUOTE]High prices aren't helping any either, or are the prices normal for here in BA? $140 K+ USD for a 50 m2 apt, $275 k+ for 80-90 m2, and a "casa" for almost $1 million USD or more, roughly the prices I've seen since I got here last June and now.