Argentine Economy

[QUOTE=Stranger; 424437]And as a foreign monger with money from outside the country coming here to monger that is bad becouse?

Fuck, for ME it is wonderful! The pussy is going down in price by the day, more and more girls come to the market, locals can't afford any, we are talking my wet dream! And that is before we start talking about things like buying property and taking "stuff" into the country.

Me I say let's PRAY we soon can party like it is 2002! If I am lucky the crime will evan get so bad it scare away a few of the other mongers that comes down here!

(AND remember, I did not vote for Christina and have no say in politic in this place so I have ZERO guilt. The majority of natives that support this insane politic in elections can take all that blame!)

Stranger[/QUOTE]I moved from BA to Miami in 2002, didn't want to get kidnapped down here. I think there is a worldwide global economic collapse unfolding and we're still in early stages.

If Cristina & her Comrades go full Commie like Chavez they will be stealing people's property and her thugs will even more blatant than now.

As for dress code I definately dress down here, hell I empty my wallet of US stuff back in Miami & leave all that stuff there. I don't do the scruffy look but no flashy watches, jewelry etc and I pretty much only have disposable stuff on me that I won't miss + 100P in the wallet just in case I get mugged so they leave me alone

[QUOTE=Stranger; 424437]If I am lucky the crime will evan get so bad it scare away a few of the other mongers that comes down here!

Stranger[/QUOTE]Loved this particular statement. I pray for it too! .

[url]http://www.riskwatchdog.com/2012/09/10/argentina-economic-outlook-deteriorating/[/url]

Thanks for this. The great Christina and her idiotic cronys will however continue to stick 2 fingers up at the IMF and will merely accelerate stuffing their personal swiss bank accounts in preperation for the day they are thrown out.

[QUOTE=Sidney; 426468]BREAKING NEWS.

IMF to Put Argentina on Path Toward Censure Over Economic Data.

By Sandrine Rastello. Sep 18, 2012 12:00 PM PT.

Argentina is on track to be the first country ever censured by the International Monetary Fund for not sharing accurate data about inflation and the economy, according to a draft statement from the IMF.

The IMF's board of directors, meeting yesterday in Washington, decided to give the country until Dec. 17 to respond to concern about the quality of its official data, according to a draft statement obtained by Bloomberg. If the deadline is missed, the board can issue a declaration of censure, a warning that has never been used and which means sanctions may be applied if the concerns aren't addressed.

'The Executive Board regretted the lack of sufficient progress in implementing the remedial measures since its Feb. 1,2012, meeting and expressed to the authorities its concern that Argentina has not brought itself into compliance with its obligations under the IMF's Articles of Agreement, ' according to a draft statement obtained by Bloomberg. 'The Board called on Argentina to implement the measures without delay. '

The IMF's decision puts Argentina, a member of the Group of 20 nations, closer to sanctions that could eventually force President Cristina Fernandez de Kirchner's government into a 'compulsory withdrawal' from the 188-country institution.

IMF spokesman Raphael Anspach declined to comment on the draft statement and said an official press release is forthcoming.

G-20 Outlier.

Argentina is the only member of the G-20 that has refused to allow the IMF to do its annual review of the country's economy, a procedure known as an Article IV consultation. Fernandez's late husband and predecessor, Nestor Kirchner, accused the IMF of pushing the South America's second-biggest economy into a financial crisis that led it to default on $95 billion of bonds in 2001.

The IMF's move comes as public support for Fernandez dwindles in the face of 24 percent inflation, the fastest in the hemisphere, and growing frustration over crime and restrictions on dollar purchases. Demonstrators on Sept. 13 turned out in the streets of Buenos Aires in the biggest protests against Fernandez since 2008.

Fernandez's popularity fell to 30 percent in August from 64 percent in September 2011, the month before she was re-elected to a second term, according to an Aug. 11-21 survey by Buenos Aires-based Management & Fit.

Argentina's inflation data has been under question since 2007, when Kirchner began replacing personnel at the national statistics agency in a bid to 'improve operations. ' Last year the government fined more than a dozen researchers as much as 500, 000 pesos ($107, 000) each for reporting inflation rates that were higher than official data.

Opposition Reports.

To avoid fines, economists now share their research with opposition lawmakers, who release a monthly report based on the data. The September report said prices rose 24 percent in August from a year earlier. Two days later, the statistics agency said annual inflation was 10 percent.

Argentina has about $37. 6 billion of bonds tied to the official inflation index, which account for 21 percent of government debt, according to Barclays Plc. The government's decision to underestimate inflation has cost investors almost $7 billion in returns the past five years, according to ACM Consultores, which is run by former central bank manager Maximiliano Castillo.

According to IMF rules for countries that either fail to provide information or provide inaccurate information, a declaration of censure may follow several failed attempts to have the country that breached its obligations take remedial measures. Later steps can declare the country ineligible to use the fund's general resources and suspend its voting rights.

The board already met several times over the past few years to discuss Argentina's case and a technical team visited the country in 2011, leaving a report 'with specific recommendations on the design and methodology for developing a new national' consumer price index. In February, the board gave Argentina 180 days to address the quality of its inflation index and of its gross domestic product data.

To contact the reporter on this story: Sandrine Rastello in Washington at [email]srastello@bloomberg.net[/email]

To contact the editor responsible for this story: Joshua Goodman at [email]jgoodman19@bloomberg.net[/email][/QUOTE]

Going forward just index the link brother Sid. The long cut and pastes get kinda annoying. It also ties the forumn up with long posts. Just a suggestion. You got the information off the web, so just put the link in your post. My dos centavos. Toymann

[QUOTE=Sidney;426474]Ignore or read and LEARN![/QUOTE]Esteemed Sid and Toy sabres at dawn at Excedra!

P*ss on.

Jackpot

[QUOTE=Jackpot; 426475]Esteemed Sid and Toy sabres at dawn at Excedra!

P*ss on.

Jackpot[/QUOTE]Daddy and son disagreements make for a healthy relationship. Bet you never visited daddy at the monger retirement home. LOL. P*ss on yourself. We'll talk next week when I get back to BA. LOL. Happy Mongering All. Toymann.

Ps. We both know you are just stirring it up trouble maker. You must be bored. LMAO

Here is the link. [url]http://www.dailywealth.com/2202/Crisis-Replay-Soon-Argentina-Will-Be-on-Sale-Again[/url]

You are just posting a reprint of an old article. Much easier just to post the link. Happy Mongering All. Toymann

ps. did you realize that this article was written by the editor of a reale estate magazine, LMAO.