Interesting read. Saw it the other day but didn't have a chance to post it.
[url]http://www.bloomberg.com/news/2010-11-04/peso-becoming-top-carry-trade-currency-as-exports-soar-argentina-credit.html[/url]
Printable View
Interesting read. Saw it the other day but didn't have a chance to post it.
[url]http://www.bloomberg.com/news/2010-11-04/peso-becoming-top-carry-trade-currency-as-exports-soar-argentina-credit.html[/url]
I was reading the discussion below on how much its required to live comfortably in BA.
IMHO, I would say with current prices and if you are renting in Palermo or Recoleta, move in taxis, fuck at will, go out and eat at will,. You need about 4500 us$ a month.
What do you guys think?
[QUOTE=Captain; 413857]I was reading the discussion below on how much its required to live comfortably in BA.
IMHO, I would say with current prices and if you are renting in Palermo or Recoleta, move in taxis, fuck at will, go out and eat at will. You need about 4500 us$ a month.
What do you guys think? [/QUOTE]Depends on your lifestyle I guess
Rent: From 600 dollar to 2500 dollar or so. I think you should be looking somewhere between 800 and 1400 dollar.
Food: I can eat out for around 35 peso a day, that would make around 300 dollar a month. I am guessing that cooking at home is also around 300 dollar. If you go to the more fancy restaurants I would add atleast 500 dollar or so.
Going out 2 times a week: Around 100 dollar a week, 400 to 500 dollar a month.
Chicas = 2 times a week x 150 dollar, 1200 dollar a month.
Taxi = I would quit taking them and just go with bus, train or Subte, but 2 trips a day I would say cost you about another 300 to 500 dollar a month
Healthcare: I would guess around 250 to 300 dollar a month for a good plan
Extra = 15 dollar a day, 500 dollar a month.
I would say atleast 2500 dollar and up to 5000 dollar a month
Trampa,
I agree. Though if you want to live well and shag at will then it would the upper limit.500us$
My break up.
Rental.1200 us$, all inclusive.
Taxis.600 us$ at will
Food.500 us$ eating out at will
Sex.1900 us$ (about 25 chicas a month excluding Sundays..one daily)
Misc.500 us$ ( unknown/unaccountable)
Total = 4700 us$
[QUOTE=Captain; 413863]Trampa,
I agree. Though if you want to live well and shag at will then it would the upper limit.500us$
My break up.
Rental.1200 us$, all inclusive.
Taxis.600 us$ at will.
Food.500 us$ eating out at will.
Sex.1900 us$ (about 25 chicas a month excluding Sundays. One daily)
Misc.500 us$ (unknown / unaccountable)
Total = 4700 us$[/QUOTE]Sex about 75 dollar a day (200 peso) I guess it's possible if you only go to privado's but then again is that fun if you do it every day? I was calculating about 150 dollar for a nightclub night, 2 times a week should be a enough if you want to enjoy the other sides of BA as well.
20 dollar a day for the taxi every day, that's about 4 trips of 20 peso each. Personally I would say it's pretty much money badly spend and it seems a bit much. Just find places close to your home, would be my advice or learn how to use the public transport
500 dollar or about 18 dollar a day for food, you really need to pick your spots and don't go to fancy restaurants. Around 35 peso a day is possible, but that's just 1 meal if you eat 2 times a day out it will be a stretch. If you don't want to look to much how much you spend I think it should be closer to 800-1000 dollar.
Rental can probally be a bit cheaper but the question should be if you want to spend less on a place you where you probally be around 12-16 hours a day in a place where you spend 4000 dollar a month
Trampa,
Minor correction. 75us$ will be 300 ARS and not 200 ARS.
300 ARS is not a huge amount but enough to for chica out calls at your home as well.
The taxi money will also include paying the taxi fare for chica outcalls.
Local transport is OK to use but then night time. It is either not there or too infrequent.
[QUOTE=Captain; 413872]Trampa,
Minor correction.75us$ will be 300 ARS and not 200 ARS.
300 ARS is not a huge amount but enough to for chica out calls at your home as well.
The taxi money will also include paying the taxi fare for chica outcalls.
Local transport is OK to use but then night time. It is either not there or too infrequent. [/QUOTE]Personally I am someone who does spend, around 3000-4000 dollar a month but I hardly take the taxi's anymore. I am mobile though and don't mind walking 6-10 blocks.
The buses I normally take 152,130,64,60,343,707 do have good frequency but I do have to say that I don't enjoy to take the bus at night (lack of frequency mostly) and prefer to wait for the Mitre train to go to Cap (first one around 4,30, last one around 12,00) or to provincia (first one around 5,00 and last one 040/0,50)
[QUOTE=Trampa; 413861]Depends on your lifestyle I guess
Rent: From 600 dollar to 2500 dollar or so. I think you should be looking somewhere between 800 and 1400 dollar.
Food: I can eat out for around 35 peso a day, that would make around 300 dollar a month. I am guessing that cooking at home is also around 300 dollar. If you go to the more fancy restaurants I would add atleast 500 dollar or so.
Going out 2 times a week: Around 100 dollar a week, 400 to 500 dollar a month.
Chicas = 2 times a week x 150 dollar, 1200 dollar a month.
Taxi = I would quit taking them and just go with bus, train or Subte, but 2 trips a day I would say cost you about another 300 to 500 dollar a month
Healthcare: I would guess around 250 to 300 dollar a month for a good plan
Extra = 15 dollar a day, 500 dollar a month.
I would say atleast 2500 dollar and up to 5000 dollar a month[/QUOTE]Your pocket is very deep, my friend.
[url]http://www.bloomberg.com/news/2010-12-13/lowest-rates-since-bear-stearns-failure-signal-debt-deal-argentina-credit.html[/url]
[QUOTE=Doggboy; 414508]
[url]http://www.bloomberg.com/news/2010-12-13/lowest-rates-since-bear-stearns-failure-signal-debt-deal-argentina-credit.html[/url]
[/QUOTE]Thanks. Some unfounded optomism from Voodoo methinks.
Argento
Subjective analysis of the Argentine Economy over the last few years: the 2001 crash, union salary increases, commodities, inflation, the empty ATM's earlier this year, etc:
[url]http://www.acting-man.com/?p=6937[/url]
[url]http://www.bloomberg.com/news/2011-03-29/no-one-cries-for-argentina-embracing-25-inflation-as-fernandez-leads-boom.html[/url]
[url]http://www.nytimes.com/2011/09/02/opinion/argentinas-turnaround-tango.html?hpw[/url]
[QUOTE=Doggboy;419075][url]http://www.nytimes.com/2011/09/02/opinion/argentinas-turnaround-tango.html?hpw[/url][/QUOTE]I read that article when it came out a few days ago and couldn't stop shaking my head in disbelief. It is one of the most laughably misguided pieces I've read this year. It is not small wonder that it came from the New York Times.
The author fails to mention several significant items. The author notes that Argentina defaulted on its debt, but fails to point out that Argentina refused, and continues to refuse, to pay it back. Essentially, Argentina stole $100 billion it owed to its creditors. While it absconded with these funds, this "strategy" has frozen Argentina from capital markets and prevented it from growing like its peers, Brazil and Chile. Admittedly, some has been paid back through purchases in the secondary market at deep discounts. But, only the New York Times could blind itself to this fact.
The author fails to mention Argentina's 20% inflation rate, or that Argentina lies about its inflation stats so it can pay artificially low interest to the lone remaining creditor willing to lend it money: Hugo Chavez. So, Chavez collects half the interest he bargained for. When the real inflation rate is added to the mix, Argentina's 6% GDP growth is putrid. Like Argentina, the NYT undoubtedly would hold up Venezuela as a shining example of economic policy, as well.
The author fails to mention that the Argentine government seized private pensions when it started to run low on cash. It did this supposedly in the name of saving private pensioners from the risks and vicissitudes of world markets, when the Dow was down around 8, 000. In so doing, it robbed those same pensioners of nearly 40% growth in the years since then. But, hey, the government beast needed to be fed, and taxes alone weren't getting the job done.
The author praises Argentina's social welfare programs but fails to mention that these are in part responsible for public lands and parks being effectively seized by migrants from other countries, who have no place to go but the dole when arriving in Buenos Aires.
The article starts out by saying that since the default Argentina "has performed an economic U-turn — an achievement largely unnoticed outside Latin America, but one that President Obama and Congress should look to for inspiration." This is perhaps the most naive statement of all. Has this author failed to notice that this is exactly what the Obama administration has been doing?
For what it's worth:
[url]http://www.businessweek.com/ap/2012-06/D9V4GCNG2.htm[/url]