Thread: The economic future of Argentina
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02-22-13 17:45 #168
Posts: 1885Originally Posted by Gandolf50 [View Original Post]
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02-19-13 18:09 #167
Posts: 911Originally Posted by SunSeeker [View Original Post]
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02-19-13 17:57 #166
Posts: 488Originally Posted by Sidney [View Original Post]
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02-05-13 23:48 #165
Posts: 488Originally Posted by TejanoLibre [View Original Post]
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02-05-13 23:33 #164
Posts: 3040Customs? What's That?
Originally Posted by BorisB [View Original Post]
Now that is funny!
TL
I was not laughing the other day when I had to pay $1500.00 DOLLARS for an $800.00 Dollar Sony !
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02-05-13 23:12 #163
Posts: 6Originally Posted by Sidney [View Original Post]
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02-05-13 15:57 #162
Posts: 2556
Venues: 398Originally Posted by Sidney [View Original Post]
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02-05-13 05:55 #161
Posts: 1196Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow
WOW doesn't look very good.
http://www.zerohedge.com/news/2013-0...n-chaos-follow
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02-05-13 04:44 #160
Posts: 3040It Pretty Bad Down Here!
Originally Posted by BorisB [View Original Post]
TL
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02-04-13 22:32 #159
Posts: 6Those of us who have been in Argentina for a while know how much bullshit CFK is spitting out with her statistics. Looking back at 3 years worth of grocery bills makes it blaringly obvious the rate of inflation is a lot higher than her statistics claim. I'm lucky to earn another currency, if it is one thing that amazes me it's how the people here manage to live. It's now got to the point where I struggle to think of anything in Argentina that is actually cheaper than most first world countries. Electronics, cars, furniture, clothes, petrol, tv / internet and even most groceries to name just a few of the most common household purchases are way more expensive here. I find it hard to understand how the majority of people here survive. I understand the whole "paying in bills" thing can help, the average salary must be a lot higher than I thought.
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01-29-13 19:38 #158
Posts: 754Originally Posted by Sidney [View Original Post]
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01-27-13 18:41 #157
Posts: 19If a local may chime in here, there won't be no rabbits out of hats. This has been the same way for at least a half century. Years of high inflation, unions strong enough to kinda counteract it with pay rises mostly matching it, at some point currency is so devalued we drop a couple zeros or get a new one, and eventually everything crashes. Your average argentinian doesn't give a crap about what it's gonna be like in 5 or 10 years, as long as he's got enough cash in his pocket to go through the next month. There's another thread about an article in which the author says "if the government stops actively being stupid", and well, that ain't gonna happen.
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01-26-13 14:47 #156
Posts: 416Originally Posted by Peter Sideburn [View Original Post]
:winky:
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01-26-13 14:23 #155
Posts: 143Simple math: Its not better for the traveler
Originally Posted by Sean EZ [View Original Post]
This is the point really. The good people of Argentina are living in a financial environment that is different than what is being stated by the Argentine government. They are hurting more because their real inflation over the last 2 years has gone up far more than the 5% the exchange rate would claim. As the value of currency drops the cost of "stuff" be it bread, milk, gas or whatever typically goes up by a marging greater than the actual value slip of the currency. Therfore, the government and some banks do less poorly than the population they serve. As a visitor you are asked to not only meet the real value of an item as seen by the citizen but also a slight premium because, in general, they feel the money you spend is extra to you but vital to them. They may not feel that way about someone local who they idenitify as living in the same condition.
Therefore, the value to you as a visitor may just be a calculation of numbers or if more generous one of understanding depending on your personal incliniation and financial condition. The barter is really a summing up of all of these various internal and external issues and not just a look at the exchange rate. The glory of all this is that it is up to you to pick what you value and spend your money there. The smart visitor decides this before they enter any negotiation. Don't decide what a service is during the negotiation or you will almost always spend more than you will think it was worth 2 hours later. Find the place both parties find the value good and things will generally go well.
My 2 or 2.05 cents,
Pete
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01-26-13 13:39 #154
Posts: 416Originally Posted by Gandolf50 [View Original Post]
I think it's unlikely that CFK is going to pull any rabbits out of hats. There's a crash of some sort coming. When and in what form. Who knows! Anyone who could predict that could really make a name for themselves.
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