Thread: Argentine Economy
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04-08-17 14:00 #1897
Posts: 577Beans vs Rice vs Corn
Originally Posted by Dickhead [View Original Post]
Tres3.
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04-08-17 12:21 #1896
Posts: 3510Originally Posted by Tres3 [View Original Post]
My guess would be that rice grows much better than beans in The Philippines. Of course, the original diet of the indigenous people in much of what is now Latin America was beans and corn, not beans and rice. And unfortunately for filipinos, beans are significantly more nutritious than rice. Sitting here in my apartment in the world's leading olive-producing country, I'm sure glad I don't have to live on rice and beans, but I could sure live on olives for a while.
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04-08-17 09:17 #1895
Posts: 577Aguinaldo?????
Originally Posted by Dickhead [View Original Post]
Tres3.
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04-08-17 08:25 #1894
Posts: 3510Originally Posted by Gandolf50 [View Original Post]
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04-08-17 06:50 #1893
Posts: 911There have been a lot of strikes lately. And why not? Under the world famous Argie system of nonsense, employees collect their wages while on strike! After all, where else in the world to people work for ten months a year (or less) and collect for thirteen months???? But only those employees in "blanco" of course.
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04-07-17 19:44 #1892
Posts: 69Originally Posted by Ponelover [View Original Post]
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04-07-17 13:31 #1891
Posts: 1724 Hour General Strike in BA
Saw BBC news report that there was a 24 hour general strike yesterday in BA? They showed some pictures of deserted main streets, Constitution and 9 de Julio. Says security forces had to use water cannon and tear gas to control protesters who blocked the main highway leading from the north to the capital. Report says inflation 40% last year and expected to be about 20 % this year and protesters were calling for increased wages.
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06-19-16 20:31 #1890
Posts: 577Macri has a "Tough Row to Hoe"
I agree that Macri is a breath of fresh air, BUT the country is run by civil servants, and the majority of them are Peronistas. Since 1900 the country has defaulted on its foreign debt nine (9) times. They seem to always find another sucker to loan them more money. 6.5% is not much of a risk premium. A person might make some money on this ponzi scheme, if he cashes out early, and leaves someone else holding the bag. There is a reason that real estate in this country is traded in USD, and smart Argentines have most of their money in USD.
Tres3.
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06-19-16 17:01 #1889
Posts: 707Zulauf recommends going long the Argentine Peso
The guys in the Barron's Roundtable are not always right but they have been around the block a few times. Does anyone know how you actually do the following trade?
Have you other investment picks?
In the next year, there will be an investment opportunity in Argentina, where there has been a fundamental political change after 70 years of a combination of socialism, conservatism, nationalism, and corruption. This change could be as important as the Reagan presidency was to the U.S.
Mauricio Macri, Argentinas new president, is open-minded, with an international view. He has a great team of experts in place in finance and economics, and at the central bank. He lifted export sanctions and currency controls. Thats why the dollar/peso ratio shot up to almost 16 from nine. It pushed inflation rates up, but inflation is expected to decline next year as the impact of the one-time devaluation disappears. Argentina also has settled its problems with foreign creditors, and has come back to the capital markets. In addition, Macri has announced a tax amnesty that will bring in more tax revenue.
What is the best way to invest in Argentinas progress?
Im bullish on the Argentine peso. You can buy it against the dollar on a one-year forward basis. The interbank forward rate is 17.31 pesos to the dollar, versus the spot rate of 13.95 pesos. This gives you a carry of 19.4% for 12 months if the spot price stays unchanged.
Argentina has recently issued $16 billion of dollar-denominated bonds with maturities of three, five, 10, and 30 years. I bought the three-year, which carried a coupon of 6.25%. The yield has already fallen to 4.5%. If you are more adventurous, you can buy five-year debt.
In the near term, things arent easy in Argentina. The economy is in recession. The inflation rate is 40%. There are demonstrations and strikes. The next nine to 12 months is critical, until people see that inflation is normalizing. But Argentina has little government debt. It couldnt tap the capital markets for a long time.
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04-08-16 14:08 #1888
Posts: 577Argentina: Why Invest In Largest Emerging Debtor Of 2016?
The below link is to an article about the proposed Argentine bond issuance. Personally, I would not touch the bonds with a ten foot pole.
http://blogs.barrons.com/emergingmar...rrons&ru=yahoo
Tres3.
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04-04-16 16:07 #1887
Posts: 577The Latest: Argentine politician cited in offshore documents
The attached link names not only Macri, but a whole laundry list of worldwide politicians who set up offshore accounts using the Panama law firm. I speculate that this list is only the tip of the iceberg.
http://finance.yahoo.com/news/latest...062350554.html
Tres3.
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03-31-16 13:38 #1886
Posts: 577Argentine Congress approves deal to end debt standoff in US
The below article shows a surprising amount of common sense on the part of the Argentine Congress and a repudiation of CFK. The big question now is who will buy the new debt that Argentina plans to sell so that they can pay the old debt. I guess that Argentina believes that P.T. Barnum is alive and well.
http://news.yahoo.com/argentine-sena...210725713.html
Tres3.
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03-24-16 15:55 #1885
Posts: 577Argentina Settlement Surprise Leaves Some Investors in the Cold
It looks as if Argentina has once again proven that one cannot change the stripes on a zebra.
http://www.bloomberg.com/news/articl...=yhoo.headline
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03-20-16 11:14 #1884
Posts: 577Argentina, creditors agree to $155 million more in default settlement: mediator
If I have read the below linked article correctly, it looks as if the Argentina Government is robbing Peter to pay Paul.
http://finance.yahoo.com/news/argent...--finance.html
Tres3.
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03-03-16 12:45 #1883
Posts: 577Try to end the confusion
Originally Posted by DaddyRulz [View Original Post]
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