Argentine Economy

It's funny, no matter the topic at hand. At the end, it always comes back to the same.

How utterly boring.

Enjoy the dog pile.

Regards,

BM.

Since nobody is buying my economic theories on the increased supply of prostitutes as a result of failed economic policies I might have to rethink my thesis subject.

How about the thinner and more attractive you are, the cheaper the chica rate? My guess is I could get a good control group from some of the mongers on this board. Any volunteers?

Happy Kwanzaa, MoFos!

[QUOTE=BadMan]It's funny, no matter the topic at hand. At the end, it always comes back to the same.

How utterly boring.

Enjoy the dog pile.

Regards,

BM.[/QUOTE]

[QUOTE=QuakHunter]Since nobody is buying my economic theories on the increased supply of prostitutes as a result of failed economic policies I might have to rethink my thesis subject.

How about the thinner and more attractive you are, the cheaper the chica rate? My guess is I could get a good control group from some of the mongers on this board. Any volunteers?

Happy Kwanzaa, MoFos![/QUOTE]Hey, I like the theories, especially that formula. Don't mind BadMan. I have a hunch that he may have a Che t-shirt he's not telling us about. He's mulled over and rejected all of these political theories and formulae long ago and now he just finds them tiresome.;-)

But, I don't think you'll get too much argument here over whether subsidized breast enhancement would be a social benefit. If you're looking to pick a fight, you'll have to make that argument on the Women for Che board. Even there you probably wouldn't get too much of a fight. There's principle, there's theory, and then there's free lolas. At the end of the day, the first two don't matter nearly as much as the last two.

from Blazing Saddles. "Mr. Lamar, You use your tongue like a twenty-dollar *****." (That word that is blocked sounds like bore, or oar or hoar)

This is a great Your View letter from the BA Herald. I especially like the comment about the advertisement for botox. Classic; enjoy.

SAD SUMMITRY.

"Surely it is long past the time that these carpet-bagger Ks were booted smartly out of office. Needless to say, with no disrespect to the rank, title and position they hold.

As I watch the ever growing huff, puff and bluff of the likes of Raúl C, Lula, Chávez, Morales et. Al. With their phony socialism, people who would not know democracy if they fell over it in the street, with their multi-million-dollar "mutual admiration" back-scratching summit meetings that achieve nothing, apart from maybe drafting letters to Uncle Sam and the West demanding more interest-free loans, and where these wildly adored and beloved leaders are outnumbered at least 100 to one by security personnel of all stripes, I am deeply saddened that a great country like Argentina, with such a wonderfully rich history of business, economic and cultural prowess should be reduced to sending an over-the-hill advertisement for Botox, with a begging-bowl to such gatherings.

With its stature, a great, great country like Argentina should be leading this rabble, not following lamely behind.

During my 15 months' stay in Bariloche, I very much appreciated the BAH, and now that I am currently "parked" in Brazil, while I consider which way to jump next, I miss your excellent daily Argentine and world coverage."

[QUOTE=QuakHunter]from Blazing Saddles. "Mr. Lamar, You use your tongue like a twenty-dollar *****." (That word that is blocked sounds like bore, or oar or hoar)

This is a great Your View letter from the BA Herald. I especially like the comment about the advertisement for botox. Classic; enjoy.

SAD SUMMITRY.

"Surely it is long past the time that these carpet-bagger Ks were booted smartly out of office. Needless to say, with no disrespect to the rank, title and position they hold.

As I watch the ever growing huff, puff and bluff of the likes of Raúl C, Lula, Chávez, Morales et. al. With their phony socialism, people who would not know democracy if they fell over it in the street, with their multi-million-dollar "mutual admiration" back-scratching summit meetings that achieve nothing, apart from maybe drafting letters to Uncle Sam and the West demanding more interest-free loans, and where these wildly adored and beloved leaders are outnumbered at least 100 to one by security personnel of all stripes, I am deeply saddened that a great country like Argentina, with such a wonderfully rich history of business, economic and cultural prowess should be reduced to sending an over-the-hill advertisement for Botox, with a begging-bowl to such gatherings.

With its stature, a great, great country like Argentina should be leading this rabble, not following lamely behind.

During my 15 months' stay in Bariloche, I very much appreciated the BAH, and now that I am currently "parked" in Brazil, while I consider which way to jump next, I miss your excellent daily Argentine and world coverage."[/QUOTE]Great post. I just wonder where the Herald writer discovered "...a wonderfully rich history of business, economic and cultural prowess...". In all my reading of Argentine history, no objective commentator has ever discovered anything but failed business and economic models. The gaucho (mestizo) culture is not valued by the Portenos. Nor is anything much related to the country culture. A few affect to collect colonial silver, especially knives but not with any great appreciation of the background. And there is a wealth of it around. The tango culture (music, not dancing) is alive and well but is really restricted to central Buenos Aires. The country people have their folklorico and the city has tango. They both share the passion for simple grilled meat, a leftover from the gaucho. So the cultural bit I accept.

But the guy tapped the K's perfectly.

Argento

[QUOTE=QuakHunter]I am deeply saddened that a great country like Argentina, with such a wonderfully rich history of business, economic and cultural prowess should be reduced to sending an over-the-hill advertisement for Botox, with a begging-bowl to such gatherings.[/QUOTE]Unfortunately, that's the quality of leadership you get when the people elect as their president a freshman Senator with no executive experience, and whose only apparent qualifications are being a minority group member with polished public speaking skills and a promise of "change".

BTW: Why does that sound familiar?

Thanks,

Jackson

"The Capitalist Pigs Will Pay in Blood for Their Crimes" - Che, Hugo the Cuddly Bear, Fidel, Hanoi Jane and Rafael Correa.

"As long as I can get my hands on dollars, that is." - Sr. Rafael Correa.

I love the part at the end where he threatens to jail the bankers. I believe that has some traction and I can get behind him on that. Or as the homies say, "I'm down wif dat"

Hot off the press:

Ecuador's Correa says "stupid" to scrap U. S. Dollar.

QUITO (Reuters) – Ecuadorean President Rafael Correa said on Saturday it would be "really stupid" to abandon the U. S. Dollar and vowed to keep the greenback as the OPEC nation's official currency.

Economists fear the leftist Correa will scrap the dollar to better deal with an economy reeling from plummeting oil prices and limited foreign credit after he defaulted on $3.8 billion in sovereign bonds over illegalities charges.

"It will be really stupid to scrap the dollar," Correa said during his weekly media address. "Our government has done more than anyone to protect the dollarized (economy)"

The dollar, adopted as Ecuador's currency in 2000 to halt devaluations after a crippling financial crisis, is widely popular among Ecuadoreans who see it as an anchor of economic stability.

Correa said he will reduce public spending and restrict imports to keep more dollars in the country.

Analysts say lower public spending could hurt Correa's buoyant popularity as he faces re-election in April.

The U. S.-trained economist warned that the global financial crisis "will hit us and hit us hard," and said his government will take "imaginative" measures to counter its effects on the oil-producing nation's poor majority.

He also said his government will face "a grave financing problem" that it plans to tackle by seeking loans from regional lenders and issuing debt for the social security institute to buy. The head of the institute has said it can buy up to $1.2 billion in domestic bonds to help the government.

Correa said he will ask for loans from lenders like the Inter-American Development Bank, Andean Development Corporation and Latin American Reserve Fund. Analysts have warned Ecuador's debt default will severely reduce multilateral credit.

Correa, a former economic minister, also denied rumors he plans to freeze banks' deposits, which were in part fueled by a newspaper ad from major banks who said the government's growing role in the economy jeopardizes the stability of the sector.

He threatened to jail bankers if they issue another statement that sparks rumors among depositors.

Thousands of Ecuadoreans lost their life savings during the 1999 banking collapse that forced the government to freeze deposits to prevent a massive withdraws from hurting liquidity.

Jackson,

Is that a swipe at anyone we know? Sounds like the new mayor of a small town I heard of in Alabama. He is kind of like that except he is a white Redneck and can't speak very well and wants things to stay the same.

Can you help me if it's not him? Suerte.

P. S. - I know who it really is. Al Franken right?

[QUOTE=Jackson]Unfortunately, that's the quality of leadership you get when the people elect as their president a freshman Senator with no executive experience, and whose only apparent qualifications are being a minority group member with polished public speaking skills and a promise of "change".

Thanks,

Jackson[/QUOTE]

[QUOTE=Argento]Great post. I just wonder where the Herald writer discovered ". A wonderfully rich history of business, economic and cultural prowess.".[/QUOTE]Argento,

This guy obviously only spent two nights in Bs Aires and experienced my favorita at Black. She has a very rich history of business, economic and cultural prowess. At least the next morning I usually think so.

Other than that scenario, I'm in the "Lost" category with you.

[QUOTE=QuakHunter]He is kind of like that except he is a white Redneck...[/QUOTE]White Rednecks are now a minority group?

Yee-Haw!

Does anybody know where I go to sign up for some of them minority preferences.

Thanks,

Jackson

[QUOTE=Jackson]Unfortunately, that's the quality of leadership you get when the people elect as their president a freshman Senator with no executive experience, and whose only apparent qualifications are being a minority group member with polished public speaking skills and a promise of "change".

BTW: Why does that sound familiar?

Thanks,

Jackson[/QUOTE][QUOTE=QuakHunter]Jackson,

Is that a swipe at anyone we know? Sounds like the new mayor of a small town I heard of in Alabama. He is kind of like that except he is a white Redneck and can't speak very well and wants things to stay the same.

Can you help me if it's not him? Suerte.

P. S. - I know who it really is. Al Franken right?[/QUOTE]No, I was referring to CFK.

Why, do you know another president with the same empty resume?

Thanks,

Jackson

CFK? Hehe, for a moment I thought you were speaking about México and Vicente Fox. Seems like candidates who come from minorities, have no real life experience in politics and posess good verbal skills are common in every country. Greetings don Jackson.

GWB is a minority. Educated, Hard working, Loves his Country. Give him his cheese now!

[QUOTE=Whiskas]CFK? Hehe, for a moment I thought you were speaking about México and Vicente Fox. Seems like candidates who come from minorities, have no real life experience in politics and posess good verbal skills are common in every country. Greetings don Jackson.[/QUOTE]

[QUOTE=Sidney]Down 8% , not inflation adjusted![/QUOTE]You mean deflation adjusted!

WSJ article from today about the "Cash" (meaning coin) shortage in Argentina: [url]http://online.wsj.com/article/SB123111629554952657.html?mod=googlenews_wsj[/url]

Can someone tell me how any responsible government could allow this sort of thing to happen? I'm not suggesting that the Kirchners are smart. But, how hard could it possibly be to print up some more coins?

When something this simple goes wrong, logic tells me to look for another explanation. I can't fathom what it would be in this instance. Are people convinced that the economy is going to crash so they're hoarding coins rather than paper currency because the latter will be no better than toilet paper whereas the former can be melted? And even if that's what's happening, I ask again: How hard is it to print more coins? What else explains this?

[QUOTE=Stan Da Man]WSJ article from today about the "Cash" (meaning coin) shortage in Argentina: [url]http://online.wsj.com/article/SB123111629554952657.html?mod=googlenews_wsj[/url]

Can someone tell me how any responsible government could allow this sort of thing to happen? I'm not suggesting that the Kirchners are smart. But, how hard could it possibly be to print up some more coins?

When something this simple goes wrong, logic tells me to look for another explanation. I can't fathom what it would be in this instance. Are people convinced that the economy is going to crash so they're hoarding coins rather than paper currency because the latter will be no better than toilet paper whereas the former can be melted? And even if that's what's happening, I ask again: How hard is it to print more coins? What else explains this?[/QUOTE]I don't know the cost involved in minting coins but what happens with monedas is the bus company's hoard the coins to blackmail the banks for a better rate. Then once coins get a little short people start hording them as well. It happens over and over. Always keep a stash of 40 pesos in coins for when there is a shortage.

Two recent front page stories in La Nación point to a downward economic trend:

1. Tourism was down 8% in the first 10 months of 2008 in comparison to the same period of 2007. Also, those tourist on average spent 5% less in 2008 than in 2007.

2. Last week La Nación reported that 300 restaurants closed in Capital Federal for the following two reasons:

A. Consumerism is down 20% ,

B. Cost of renting represents 20% of gross receipts. Economists believe for a restaurant to be successful cost of renting shouldn't be more than 6% of gross receipts.

It seems to me some owners of these properties were blind to economic trends when they raised monthly rentals a few years back.

Article in newspaper (Clarin?) pointed out that farmers don't need to borrow money to buy more tractors, equipment. When things are bad on the farm they never invest in more machinery! Who needs a new tractor to bring in a crop devastated by drought?

USA #6, maybe if we were a little lower we would not be in this economic mess.

It could be said that the Kirschner's economic policy is confusing.

But I think Sidney is one of the few people who understands the Kirschner economic policy, which is, "to pull money out of the AR economy to line their coffers and to increase their political clout"

Sad but true.

P.S. what is sadder is that this is the same policy every Argie Administration has followed since Belgrano, who may have been the first and last honest politician Argies ever had.

[QUOTE=Sidney]Much credit to the BA Herald. During the boom years, K squandered billions subsidizing public utilities transportation. Now, K is drastically increasing these prices and subsidies. K's recent edict was to tell the people to keep spending to save jobs! Every country in the world is ''goosing their economy. But, K's major effort is to pull money out of the AR economy to line their coffers and to increase their political slush funds.[/QUOTE]

Argentina's president meets Fidel Castro in Cuba.

[quote]Cristina Fernandez met with Cuba's ailing former leader Fidel Castro on Wednesday, easing rumors that his health had badly deteriorated. Castro looked well and spoke about new U. S. President Barack Obama, Fernandez told reporters before leaving the Cuban capital, Havana.

"I was with Fidel about an hour. We talked a lot about Obama," Fernandez told reporters at Havana's airport. "He had a very good impression of Obama and he seemed to believe what he said."

"Fidel believes in Obama," she added.

"Now you know that Fidel is fine, and not like the rumors around here," Cuban President Raul Castro told the reporters at the airport.

It was the elder Castro's first confirmed meeting with a foreign leader since a Nov. 28 encounter with Russian President Dmitry Medvedev. The presidents of Panama and Ecuador visited earlier this month, but left without saying they had seen the former leader, adding to rumors that his health had deteriorated.

Rumors that Castro is ill — or worse — have been fed by the fact he has not published any newspaper columns since Dec. 15 and by comments from Venezuelan President Hugo Chavez, a close friend and ally, that the Cuban leader may not be seen in public again.

The spokesman said their meeting was not part of Fernandez's agenda but was arranged by Raul Castro, who drove the Argentine leader to the meeting. But Fernandez and Fidel Castro met alone.

Fidel Castro has not been seen in public since undergoing emergency surgery in July 2006 and was replaced by his brother as Cuba's president in February.[/quote]Associated Press writer Mayra Pertossi contributed to this report from Buenos Aires.

M (7) Prev Next.

Argentina is an economic disaster. What advantage can possibly be achieved by meeting with the fuckin Castro assholes. The Castro bastardos have the only country with a worse economy than Argentina.

I will say it one more time, Fidel Castro should be barbecued (boiled alive) and fed to pigs.

Furthermore, God help Argentina, if the Kirschners are trying to bring Cuba to Argentina

A

The fuckin Kirschners are stupid beyond words.

Argentine prez: Fidel Castro 'believes in Obama'

[quote]Cuba's President Raul Castro, right, gestures as he shakes hands with Argentina's President Cristina.

Play Video Barack Obama Video: HU Marching Force excited about inaugural performance 13 News, WVEC Hampton Roads Play Video Barack Obama Video: Gitmo, carrier relocation on Obama military agenda 13 News, WVEC Hampton Roads Play Video Barack Obama Video: Obama's Day One: Recession, War, Ethics AP HAVANA – Fidel Castro watched the U. S. Inauguration on television and said Wednesday that Barack Obama seems "like a man who is absolutely sincere," Argentina's president said after meeting with the ailing Cuban icon. "Fidel believes in Obama," Cristina Fernandez said.

The meeting with Fernandez, just before she ended a four-day visit to Cuba, dispelled persistent rumors that the 82-year-old Castro had suffered a stroke or lapsed into a coma in recent days.

"I was with Fidel about an hour or more," she told reporters at the airport as she left. "We were chatting, conversing. He looked good."

Fernandez said Castro wore the track suit that has become his trademark since he fell ill in July 2006 and vanished from public view. A spokesman said the two met.[/quote]*****That fuckin bastard castro has never been elected to any office. A cochroarch, as an opposition candidate, would probably defeat that fuckin bastard castro in a landslide.

[QUOTE=Sidney]The stupid CFK visits Cuba, now Ven.

Instead of honoring or attending Obama's inauguration! What a fukin fool![/QUOTE]Did the US president attend K's, Hugo's or Lula's inauguration? Or did they send an intern?

[QUOTE=Sidney]Instead of honoring or attending Obama's inauguration! What a fukin fool![/QUOTE]I watched the inauguration on local Spanish TV, since the apt I rented the cable does not have CNN in English. I remember them saying, that their where no heads of state at the inauguration, because they where asked not to attend, because all the security was devoted to protecting Obama. There would not be sufficient security to protect multiple heads of state, if they came. Don't know how true it is, but I remember someone saying that.

My dad used to call those track suits "indictment suits" cause all the mob guys wore them when they appeared for arraignment back in the 70's and 80's in NYC.

CK paying homage to the Cuban political status on Jan. 20 sends a very bad message. Even local papers were confused and wrote several stories on this.