Thread: Argentine Economy
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07-13-15 20:32 #1822
Posts: 3510The "precios cuidados" for beer went up this week: Biekert to 12,00 a liter and Quilmes Bajo Cero to 12,60. I did not notice if liters of "Uvita" wine, which is also price fixed, went up as well.
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07-08-15 01:09 #1821
Posts: 577Deutsche Bank says it's getting bullied by the hedge funds suing Argentina
More on the Argentina bond debacle.
http://finance.yahoo.com/news/deutsc...202150205.html
Tres3.
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06-23-15 15:25 #1820
Posts: 1885Originally Posted by Dickhead [View Original Post]
At AR$12.50:US$1, Bs As is still relatively cheap, despite inflation. The ballpark cost of privado poon (in US$) has increased at about 5.9% per annum, over the past eight years.
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06-23-15 07:12 #1819
Posts: 911Originally Posted by Dickhead [View Original Post]
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06-22-15 23:16 #1818
Posts: 3510Who knows what kind of a basket of goods they are using. Plus, they are probably using the imaginary 9 to 1 Cristina exchange rate, which nobody living here is dumb enough to pay. I'm finding it quite cheap but then again, I am sure 600 peso privados are not in the basket of goods they are comparing.
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06-22-15 23:06 #1817
Posts: 2470Originally Posted by BigBossMan [View Original Post]
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06-22-15 23:00 #1816
Posts: 707I found the results found in this article surprising.
Buenos Aires is the most expensive city for expats in South America? Brazil must really be in a serious recession.
http://blogs.wsj.com/expat/2015/06/1...ty-for-expats/
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06-17-15 16:17 #1815
Posts: 416Originally Posted by WildWalleye [View Original Post]
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06-17-15 12:12 #1814
Posts: 1885Originally Posted by Tres3 [View Original Post]
If you max out three credit cards, pay off the first one, then the second one, do you really think the third one is going to let you off the hook? For Kicillof to claim that this is the judge pulling "funny stuff," is an indication of how dumb he thinks the people of Argentina are. In fact, the whole of my experience in Argentina (since '07) is that the govt believes that the voting majority is stupid and can be manipulated by repeatedly making the same untrue, simplistic statements (usually point the finger of blame at some (foreign) boogie man).
You can tell that this is no surprise to them and that they don't view the problem as changed by the fact that the Malvinas are not on the front page of the "La Nacion. "
Argentina can't make a deal with any holdouts, unless it includes all hold outs or at least sets a price, which when extrapolated out to all the holdouts, it can afford. Since it can't afford to do that, it won't. Ergo, they aren't even at the negotiating table and won't be, until they can afford to deal with the problem. Better, yet, I would see them kicking the can down the road to the next president so that he can deal with the devaluation and the holdout bondholders. Too bad they can't pay them in pesos...
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06-13-15 14:21 #1813
Posts: 577Worse than Peron
Originally Posted by SteveC [View Original Post]
Tres3.
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06-13-15 13:03 #1812
Posts: 247Originally Posted by SpiritRider [View Original Post]
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06-12-15 11:46 #1811
Posts: 3510However, and perhaps importantly, Argentina can default on $5.4 billion with equal ease as it can default on $1.7 billion. That is the great thing about bankruptcy. I once had a college professor who had the largest personal bankruptcy in the history of the state at that point.
He said, "Whoever defaults on the most unsecured debt, wins." Government bonds are secured by the "full faith and credit" of the issuing government and Argentina's credibility is zero and has been for a long time. It cannot go below zero, so why not take a really big bath? It worked for AIG and now AIG is suing the US government for bailing them out. I don't pretend to understand this, nor do I condone it, but it could very well be a case of rational self-interest, both for Argentina and for AIG and similar cocksuckers.
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06-12-15 09:39 #1810
Posts: 577A judge ruled Argentina owes $5.4 billion, not $1.7 billion — now here's the freakout everyone expec
More on the debt that Argentina will not or cannot pay.
http://www.businessinsider.com/argen...holders-2015-6
Tres3.Last edited by Tres3; 06-12-15 at 11:55. Reason: Left out a word
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06-11-15 10:27 #1809
Posts: 577We may be about to see a 'further tightening of the noose' around Argentina's neck
As I said before, it appears as if CFK and her cohorts do not care anymore, if they ever did.
http://finance.yahoo.com/news/were-s...192649385.html
Tres3.
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06-10-15 13:14 #1808
Posts: 30Originally Posted by SteveC [View Original Post]
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