Argentine Politics

[Wild Walleye]

With all the pent up demand for hard currency and continued lack of faith in the Argentine government (despite recent electoral progress) there is a big over hang in demand for dollars. The system can only handle so many transactions at a time, so mechanically, it might take a little while for the market to stabilize (I'm guessing $12-13).

From what I am reading, foreign investors are expected to invest between US$10B - $16B in Argentina during 2016. That will certainly help to ease the situation by making more dollars available and stimulating the economy.

[Gandolf50]

Argentina will soon be very expensve for mongering.

It already is and has been for the past few years.

[Member #3320]

14.4 now. Where is it going to land, 13? 12?! Worse!!! This source is saying 15 but I'm having a hard time seeing that.

http://www.bubblear.com/government-s...-lifted-today/

Argentina will soon be very expensve for mongering.

[Member #4112]

First of 1500 political employees (KK) cut loose. Probably averaged 25000 pesos monthly. More to come. Potential to increase available chica pool!

http://www.perfil.com/politica/Prote...1216-0015.html

Thanks Thomaso, there is always a silver lining.

[Daddy Rulz]

14.4 now. Where is it going to land, 13? 12?! Worse!!! This source is saying 15 but I'm having a hard time seeing that.

http://www.bubblear.com/government-s...-lifted-today/

[Thomaso276]

First of 1500 political employees (KK) cut loose. Probably averaged 25000 pesos monthly. More to come. Potential to increase available chica pool!

http://www.perfil.com/politica/Prote...1216-0015.html

[TejanoLibre]

Talking about reopening the Nissman Case.

Going after KFC.

Cancelling the deal with Iran.

Prosecuting the ex-Vice President B.

Et cetera !

An excellent start !

TL.

[HotRod11]

Many economists say Argentine economics is in such a mess it can't be fixed. I am not an economist just a concerned spat and I do my best to stay informed. Thomaso 276 your latest post was very informative. You covered a lot of different angles and looking at the picture you painted , for Mecri to just slightly improve the economic stability of my adopted country Argentina , he must first concentrate on political corruption. We need a few big wigs to byte the dust. With so many candidates how do they choose. How about the suitcase full of cash found in the (I think it was the attorney generals) office.

I travel a lot and in many country's I visit the top story on the local newspaper has to do with many well known politicians under indicme for just about anything one can imagine.

Is any of this new, not really. It reminds me of an old song---- whys everybody always pickin on me----.

Hotrod11.

[Thomaso276]

Macri has to continue funding some social programs while at the same time paying back bills left by K. If he abandons the poor he will not last. My take on how he will do it:

KK's support groups - for example - the Grandmothers of the Plaza will by funded only for their primary functions. He will get lambasted if he cuts them off completely. There will be funds for finding the lost children ( who do you think pays for DNA tests, lawyers, etc.) but they also received millions to build houses and by a factory to make sheet rock walls. Today a court ruled that they owe 33 million for the money that was stolen by the two brothers who were supposed to build the houses. http://www.clarin.com/politica/Conde...483652158.html.

There are dozens of groups out there who practice this type of chicanery. Professional pickets etc.. The funding will continue for their primary functions if it serves the greater good and will save millions for the BS extra.

Employees of Campora will be eliminated. Most had contract jobs and did nothing. Government agencies are overstuffed with employees. Gonna be alot of downsizing. Airport, media and Congress, big changes coming. Most of these folks are not part of a union and without funding from the gov't I predict they will have a hard time staying organized - surely KK will not send them money from her own accounts. There will be some conflicts with the far left groups and I think Macri will set a few examples if they try to shut down highways and roads. Macri has said many times people have a right to travel.

Media law will be adjusted. Millions are given to KK supporter newspapers, tv, radio. While still funding the basics for Gov't ads, these KK mouthpieces will be told to sell airtime in the private market. Some are already folding http://www.lanacion.com.ar/1852218-e...mbiar-de-manos.

He has to deal with the unions. Carrot and stick approach is probably best. They will get their raises. They scream about raises but the power is in controlling health ins , pension funds. This might be adjusted.

International funding. Pay Vulture funds, open cepo and allow Argies to manage their own money. Limit tramitesd that business and individuals have to go through and avoid the "system is down" BS when KK did not want to approve some import or dollar exchange.

I think he will make some corruption cases. Has to get rid of Carbo as Atty Gen'l.. Boudo is toast and a few ex-ministers are in line. Will reopen illegal enrichment cases against KK based on legal concept that when judges declared there was no cause for further investigation, it was due to payoffs.

Inflation. Saw the new minister of INDEC this morning on Florida. He was fired years ago when he would not approve Nestors new formulas to hide inflation. Now he's back. Can't run a country on false stats. 200 and 500 pesos notes, stop printing pesos, will till have some price controls for awhile (gouging concept like in USA after a hurricane). Get away from discounts at big stores only with the funding of some banks. I think he will open up the right of the store to set their own discounts and promtions.

International Relations will move to the west. Bye Venezuala, Iran, Russia. China still in play for the swaps. Tone down Malvinas dispute and will try to make free trade pacts the norm.

Message to Argies: we will help but you better start working smarter and harder. Don't need six people for a 2 person job. I am not sure this culture can accept that they are responsible for their own destiny. It is always someone else's fault. Government may change but the people may not.

See you at the ATM!

[TejanoLibre]

As I said several times, Christina will never give the baton to Macri. Not one photo with him either. The short version.

http://www.buenosairesherald.com/art...-circumstances

I went to the Party today at the Congreso and then walked down Avenida de Mayo to the Presidential Palace and watched and listened to the new President from the front row.

It was an exciting and moving experience and I was very surprised by the diversity of the audience in attendance.

Today was a Great Day!

TL.

I guess that "Cinderella" turned into a pumpkin because she was nowhere in sight.

[Gandolf50]

As I said several times, Christina will never give the baton to Macri. Not one photo with him either. The short version.

http://www.buenosairesherald.com/art...-circumstances

Its the first time in 12 years some one told her no and made it stick. She does not like it being the spoiled brat that she is.

[Thomaso276]

As I said several times, Christina will never give the baton to Macri. Not one photo with him either. The short version.

http://www.buenosairesherald.com/art...-circumstances

[HotRod11]

Ok smart people I'm in B A tomorrow. I have pesos but should i Buy now or wait until the devaluation......help.

[HotRod11]

If the new government does as stated and floats the Preso. Would this not be good for the dollar.

[Daddy Rulz]

It was bought a couple of years ago by a K supporter. The latest nonsense: The USA should correct their course.

http://www.buenosairesherald.com/art...second-chance-

Anybody who knows me knows I'm no fan of W but this is fucking laughable.

When President George W. Bush came into office, he threw away a budding, multi-faceted relationship to make Argentina a misguided object lesson in fiscal probity.

The US was the driving force that put this wedge in?