The economic future of Argentina

[Wild Walleye]

Lavagna: 'We must put limits to the Government'.

Former Economy Minister Roberto Lavagna ratified his commitment to take part in a center party coalition drawing together the PRO and the PJ Disidente as well as other opposition blocks in order to stop what he called the government's "go all in" rhetoric.

"I have being insisting on the need to build a large center and that its first mission should be to put limits to a government where the head of state says we go for all. It is good for society to react and put limits", the former head of the Economy Ministry during and Néstor Kirchner's administration said in an interview with Noticias Argentinas news agency.

Lavagna added that he "totally" agrees with certain opinions of CGT leader Hugo Moyano. "We must try to focus less on images and more on facts. Moyano has been demanding to stop inflation adjustments and the modification of minimum family benefits and income tax. These are issues I totally agree with", the ex official stated.

While analyzing the course of Argentina's economy, Lavagna pointed out that the country has experienced low growth rates over the past years and "accelerating" inflation with investment-loss scenarios and questioned the government's price freeze program considering such moves only have short-term results.

La vagina knows. In '07 an hour at a privado cost (taking into account exchange rates) about what an hour with a premium chica costs today. That is not an economy going in the right direction, unless you are sex tourist. Hmmm...

[Wild Walleye]

The people and philosophies that got Argentina into this condition are incapable of fixing what is broken. Further, what is broken is systemic and goes far beyond the pols and grafters (is that redundant?) all the way to the individual citizen. A plurality of whom are dependent upon (as in hooked or addicted) to government largess (the systematic redistribution of private property stolen from other citizens). Argentina will elect some "new" (same old sh*t, different label) crew to fix things. They will tinker a little and artificially stimulate the economy, produce false economic statistics and cling to the power they acquire (like de ja vu all over again).

Just wait. When things start to improve, Argies will talk expectantly about coming time when the the good stuff will end. This psychology contributes, in many ways, to making this a self-fulfilling prophecy.

For me, I have always found this difficult to embrace because, if you take away the doom-and-gloom gene that is bred into the citizenry and the penchant for public corruption, you'd have a country of 40 MM people that could do great things.

[Whiskas]

Surely a plus for AR and Latin America.

Gentlemen, most of you have seen that I usually don't speak badly about anyone and specially about dead people. In this case I will make an exception. Fuck him faggot! Excuse my french.

[Damman]

Maybe I am kidding myself, with the spread between the official rate of exchange and the blue rate of exchange at about 40% it is almost a wash, I think: inflation. Pay for everything in cash (pesos) and it is not all that bad, my view. No credit cards for anything: uses official rate of exchange. The one area more than anything where it gets expensive is the damn taxis. Just my feelings for sure. Cash is King.

[Wild Walleye]

I played Left Drift in high school football.

I played left-out in basketball...

[Wild Walleye]

Since I first knew where Argentina was on the globe, I have heard occasional flare ups of public discussion of the "fate" of the Falklands (like a flare up of hemorrhoids).

When Argentine "leadership" focuses an inordinate amount of attention on an archipelago over 300 miles off of its coast (which 99% of Argentine citizens have never seen, let alone visited) you can be sure that things at "home" are FUBARed. Other than an endless supply of avian guano and romantically-available sheep, there is little of strategic interest to ARG. I know, there is considerable blathering about petroleum deposits but, much of that is superfluous baloney. Under the EEZ (exclusive economic zone, as defined by the UN Convention on the Law of the Sea), ARG can exclusively exploit the resources under the sea within 200 nautical miles of its shores. True, control over the Falklands would allow them to extend that to nearly 500 miles east of Patagonia's eastern shores. However, most of Argentina's natural resources are owned by the Brazilians, already, so the best the people could expect is...well..nothing. That isn't to say that the ruling elite wouldn't get fabulously wealthy selling ARG's resources to foreigners, just that the people would see little to no benefit. Further, unless CFK has been secretly amassing an actual navy, the chances of the Falklands falling under ARG rule is about the same as me banging Eva Mendez, prior to her 60th birthday. Ergo, when Rome is burning and the empress is spending her time chasing waterfalls (nod to Michael Keaton) you better hold on to your wallet (better yet, keep your wealth denominated in dollars).

One of the key elements necessary for the perpetuation and advancement of leftist ideologies is the misdirection. If leftists were explicitly honest about their intentions and laid them bare to the light of day, there would be many fewer of them. Leftist regimes over the past 110 years have killed more human beings than any other ideology during the history of mankind.

[Jackson]

I knew that you would get my drift.

I played Left Drift in high school football.

[Wild Walleye]

That's exactly what Obama and the liberals have successfully accomplished in the USA.

I knew that you would get my drift.

I hope that you are well.

Looking forward to getting back to Bs As to enjoy some blue-rate entertainment.

Cheers.

[Caricoso]

perpetual motion of things, sales are down so let's increase the price...sales go down even further, isn't this in the "weird argie things" thread? LOL.

On the states the economy is not as good as it was long ago, but my health insurance keep going up since 1979 why? So are other insurances, food, gas, travel, clothing, school tuition, taxes, etc., etc. What I like the most is when I received a bullshit letter from let say my health club every other month. Here at (club's name) always pursue for excellence Blah! Blah! In the end... We are sorry to inform you that "unfortunately" (I like that word) the membership monthly fee will be increase, and more blah! Blah!

I seems that the economy for this corps. Are fine since the can get away with the price increases (monopoly?

By the way I am a corp. Person. I co-own two) I am neither a republican nor a democrat. Is more, nothing in between that line. Just the party of comon sense!

[SunSeeker]

If the B_ -27%, the actual rate is likely -50% !

Perpetual motion of things, sales are down so let's increase the price... sales go down even further, isn't this in the "weird argie things" thread? LOL.

[Jackson]

Socialism is immoral because it takes property away by force from those to whom the property belongs to in order to feather the nests of those to whom the property does not belong too.

And yet liberals will argue endlessly that the only immorality is the inequity of the distribution of wealth, that wealth is not the result of human endeavors but instead is something that falls from the sky and inequitably lands on some people more than others, and that it is thus moral to use the power of government to take the wealth that is unjustly in the hands of the "more fortunate" and redistribute it to those who are "less fortunate" etc., etc., etc.

Of course this pitch resonates with today's generation of Americans, many of whom have apparently concluded that actually working a job is a decidedly less appealing option than sitting on their ass, complaining about their lot in life and waiting for a government check to arrive.

Thanks,

Jackson.

[Silver Star]

As you may know Argentina was was one of the ten wealthiest countries in the world at the start of the 20th century, there was even the expression "Rich as an Argentine" About 20 years ago I had a South American representative an Argentine who had migrated to the US. I asked him what had happened to Argentina and his response, "Just look around you" Maybe in a few lifetimes everybody will agree that not only does socialism not work but that it is immoral.

Socialism is immoral because it takes property away by force from those to whom the property belongs to in order to feather the nests of those to whom the property does not belong too.

[Don B]

As you may know Argentina was was one of the ten wealthiest countries in the world at the start of the 20th century, there was even the expression "Rich as an Argentine" About 20 years ago I had a South American representative an Argentine who had migrated to the US. I asked him what had happened to Argentina and his response, "Just look around you" Maybe in a few lifetimes everybody will agree that not only does socialism not work but that it is immoral.

[Jackson]

The problem is that long ago a plurality of the voting population was made dependent (to some degree or another) upon governmental largesse. That buys votes for generations (a form of self-fulfilling prophecy)...

That's exactly what Obama and the liberals have successfully accomplished in the USA.

[Daddy Rulz]

Buenos Aires City property sales plummet 27 in 2012 because of the dollar clamp.

Property sales in the City of Buenos Aires plummeted 27% during 2012 according to a release from the Notaries College of the Argentine capital.

I think it reality it's down far more than that.