Lucheon tickets will be integrated into the salary, if this goes with hefty salary-raises this would spark lay-offs sooner then later.
Wheat harvest could go down 10 to 20% due to frost. That would definitly hurt Argentina as well.
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Lucheon tickets will be integrated into the salary, if this goes with hefty salary-raises this would spark lay-offs sooner then later.
Wheat harvest could go down 10 to 20% due to frost. That would definitly hurt Argentina as well.
Hydro carbons exports are banned, last year it represented about 8% of the total exports
Harvest of Soja could 20% down on 2007.
For whatever it's worth, tons of brand new bar / restos have opened in the San Telmo area over the past few months. Whether these folks are flying on a wing and a prayer I don't know, but there are alot of them and well furnished, smart looking places.
Have been watching the tennis DC cup quarter finals (Argentina-
Sweden) this afternoon live from Buenos Aires.
Have been watching from Europe (in Isola, France)
The broadcast technically, reminds me of the Olympics from.
Moscow in 1980.
All the time technical problems, on several occasions, what you.
See switches from the Tennis Stadium to a football warmup.
For a soccer game.
Even Sudan or Chad (or any other poor African.
Country) would have been embarrassed for a similar.
Service.
Maybe these BA chicas compensate for everything, but even.
Rio nowdays works like a swiss clock.
Argentina is stuck.
[QUOTE=Doggboy]For whatever it's worth, tons of brand new bar / restos have opened in the San Telmo area over the past few months. Whether these folks are flying on a wing and a prayer I don't know, but there are alot of them and well furnished, smart looking places.[/QUOTE]On the recomendation of Sidney, I had a great lunch in Congresso. Paella. The place Plaza Mayor, Venezuela 1399. Apart from a great meal, the local real estate has changed significantly in the past year. So much for the booming economy. I estimate about a third of the premises are empty, available for lease or for sale. And all with-in a bull's roar of the oblisk. Not too good an economy there. Someone should whisper in Christina's ear about how she could could stay in touch with reality. Have a late lunch at Plaza Mayor and check out the booming real estate market that Redondo harps about.
Argento
[QUOTE=Argento]that Redondo harps about.
Argento[/QUOTE]Give me a quote
IMF for one is worried about food prices, and high prices are likely to stay.
It's the Treasury, stupid!
[quote]HERALD STAFF
Nothing which the government has said about saving the country from soy monoculture etc. Has served to convince too many people that the main motive for the explosive increase of export duties was anything other than fiscal need (or greed) If the export duties were pre-eminently a fiscal solution, it then follows that there must be a fiscal problem and perhaps the most effective debate here would be to tackle this problem at root rather than the more specifically agricultural issues discussed yesterday by Cabinet Chief Alberto Fernández and the farming leaders.
When President Cristina Fernández de Kirchner and Economy Minister Martín Lousteau took over the helm last December, there was a widespread assumption that last year's wild public spending was pure electioneering and would surely descend this year, thus restoring the solidity of the fiscal surplus — this assumption has yet to materialize and it is the failure of the government to reverse or even halt the upward spiral in public spending which lies at the heart of the fiscal problem, leading to intolerable increases in the tax burden and having far more impact on escalating inflation than the government would care to admit (any more than it cares to admit to the inflation itself) An increase of nearly 40 percent in February's public spending followed by a 26 percent rise in March revenues is obviously not a formula for bolstering the fiscal surplus from under three to four percent of Gross Domestic Product, the buffer which most economists agree is required (even with Central Bank reserves topping 50 billion dollars) Public debt payments of over 15 billion dollars are scheduled for this year at a time when an extremely severe international financial crisis conspires against a capital inflow which government policies were in any case discouraging. Even if this crisis may serve to tame global oil prices somewhat, Argentina is still expecting an extremely hefty fuel import bill this year.
Above all, there are now evident limits to growth within a model which has produced five consecutive years of all-out economic expansion. A modest industry working at full capacity and a consumer market of barely 40 million people purchasing in pesos suggest obvious constraints while neo-Keynesian public spending becomes positively dangerous once the corner from the deflation of the 2001-2 meltdown is turned, as we are now starting to see. Inflation is the reason why the extra pesos from artificially high export dollars can no longer be divided comfortably between the state and farmers. Insofar as the government reacts to this pernicious inflation at all, the strategy remains to float a vague social pact against reckless price increases and wage demands but it is high time the government accepted its own responsibility for inflation in the form of runaway public spending and monetary policies designed to buy the dollar upwards and to stimulate consumer-led growth.[/quote]
[url]http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2NbGfwtMn2U[/url]
Here's an article that explains what's up with the Losteau resignation. Pesos up to 3.19 today.
Things are getting scary out there.
Right, Miami Bob, I saw this in the Times today.
[url]http://www.nytimes.com/2008/04/26/world/americas/26argentina.html?ref=world[/url]
I'm posting because they just now added another detailed article that deals with the situation in los campos.
[url]http://www.nytimes.com/2008/04/27/world/americas/27argentina.html?hp[/url]
Looks like Christina is going to make a deal with the farmers. And is acknowledging inflation is a problem. Some plan brewing about hitting on high-end purchases to slow down price jumps.
Signed agreement today for a bullet train but at the same time the local (Mitre) train hit another train again causing problems and injuries. How can this happen when the train never goes above 30 mph? What happens when it goes Euro / Japan speeds?
I saw this on Bloomberg today.
[quote]Argentine Bonds Plunge as Default Concerns Mount (Update1)
By Lester Pimentel.
April 30 (Bloomberg) -- Argentine bonds show growing speculation that the country will default for the second time this decade as inflation and anti-government protests swell.
The nation's $10.8 billion of floating-rate dollar bonds due in 2012 yielded 7.60 percentage points more than Treasuries of similar maturity at 8:11 a. M. In New York. That implies an almost 20 percent chance of Argentina halting payments in the next two years, according to Credit Suisse Group. No other emerging-market government securities have as high a probability of default.
The 19 percent decline in bond prices since President Cristina Fernandez de Kirchner took office in December shows investors are losing faith even as record commodity exports spur the longest economic expansion in at least two decades. Confidence waned after statisticians accused the government of fabricating data to hide an inflation surge and farmers alienated by a tax increase staged a nationwide strike that caused food shortages last month.[/quote]The whole article is at [url]http://www.bloomberg.com/apps/news?pid=20601086&sid=aUPReygAFGDg&refer=news[/url]
With Ag price the highest ever. Argentina should be doing great. I guess gov. can screw up anything.