February 25, 20241 yr Author https://www.barrons.com/news/argentina-sees-first-monthly-budget-surplus-in-12-years-a148e46a Argentina Sees First Monthly Budget Surplus In 12 Years
May 19, 20241 yr Author On 11/20/2023 at 2:03 PM, VanHammersly said: He uses the suffix -t-a-r-d a lot, so I guess he's got that going for him, but he doesn't say a single thing about what he wants to do or what he believes the role of government is...so...yeah, that probably answers my question Cry harder https://www.foxnews.com/world/argentinas-milei-shuts-up-critics-miracle-turnaround-economy-strong-security-policies Argentina's Milei shuts up critics with miracle turnaround of economy, strong security policies
May 19, 20241 yr Argentina's annual inflation climbed to 289.4% Month over month inflation is at 8.8% - compounding annually that's 275%. But it's the lowest monthly inflation number in a whopping six months so.. time for celebration of this miracle turnaround I guess? 🤣
May 19, 20241 yr 1 hour ago, JohnSnowsHair said: Argentina's annual inflation climbed to 289.4% Month over month inflation is at 8.8% - compounding annually that's 275%. But it's the lowest monthly inflation number in a whopping six months so.. time for celebration of this miracle turnaround I guess? 🤣 Some have called this a miracle!
May 19, 20241 yr "Argentina was one of the most regulated economies in the world," Raisbeck said. "So when you have a very well-thought-out package like the one that they introduced . . . and you get rid of as many of those regulations as you can, then it's very positive." AT LEAST 90 INJURED AFTER PASSENGER TRAIN HITS BOXCAR, DERAILS IN ARGTENTINE CAPITAL” it’s pretty funny that right after the comments about how positive deregulation is, there is a link to an article about a passenger train colliding with a freight train.
June 15, 20241 yr On 12/24/2023 at 6:29 PM, Procus said: Anybody else following what's going on in Argentina? You scratch below the surface and after the exaggerated hyperbole of the campaign, Milei is following through on his campaign promises. At the very least - a fascinating economic experiment is happening down there. And it's refreshing to the see the economic change involving less government instead of more government The inflation rate that you're constantly rheeing about, is higher in Argentina than it is here.
June 15, 20241 yr On 2/24/2024 at 4:56 PM, Procus said: What are Meli's thoughts about a 10% tax on everything and centrally planned federally funded ghost cities?
June 15, 20241 yr Author 6 minutes ago, Gannan said: The inflation rate that you're constantly rheeing about, is higher in Argentina than it is here. No doubt - and its still very high down there. Milei's success will be judged on whether his administration can successfully tackle that beast. According to Barron's, the Argentine monthly inflation rate is at its lowest in 2.5 years, so this is trending in the right direction. https://www.barrons.com/news/argentine-monthly-inflation-lowest-in-2-5-years-ab51b9cd
June 15, 20241 yr Just now, Procus said: No doubt - and its still very high down there. Milei's success will be judged on whether his administration can successfully tackle that beast. Since our inflation rate is lower, can't it be argued that Biden has presided over an even larger economic miracle? I think the answer is a resounding yes!
June 15, 20241 yr Author Just now, Gannan said: Since our inflation rate is lower, can't it be argued that Biden has presided over an even larger economic miracle? I think the answer is a resounding yes! Go check out the Barron's article in my last post. You can argue anything you want, but your argument about a Biden economic miracle doesn't hold water. And who would compare the American inflation rate to the Argentinian inflation rate to support a Biden economic miracle argument?
June 15, 20241 yr 1 hour ago, Procus said: Go check out the Barron's article in my last post. You can argue anything you want, but your argument about a Biden economic miracle doesn't hold water. And who would compare the American inflation rate to the Argentinian inflation rate to support a Biden economic miracle argument? You walked right into that one, dude.
June 15, 20241 yr On 5/19/2024 at 11:18 AM, we_gotta_believe said: Trumpbots spiking the football at the 50 is always fun to see. Leon Lett is on the VP short list
June 16, 20241 yr 13 hours ago, Arthur Jackson said: Look how much fun he's having. That's nice to see.
June 16, 20241 yr Consumer consumption, manufacturing and construction have slumped under Milei's peso devaluation and budget cuts, with a 5.3 percent contraction in economic activity in the first quarter. The International Monetary Fund expects the Argentine economy to contract by 2.8 percent this year, after a 1.6-percent decline in 2023. So the economy is collapsing, so consumption is dropping ... Which has the effect of reducing the rate of inflation to only insanely high instead of ludicrously high. BIG WIN.
June 16, 20241 yr 2 hours ago, JohnSnowsHair said: Consumer consumption, manufacturing and construction have slumped under Milei's peso devaluation and budget cuts, with a 5.3 percent contraction in economic activity in the first quarter. The International Monetary Fund expects the Argentine economy to contract by 2.8 percent this year, after a 1.6-percent decline in 2023. So the economy is collapsing, so consumption is dropping ... Which has the effect of reducing the rate of inflation to only insanely high instead of ludicrously high. BIG WIN. If you want an actual long term fix you have to go through it
June 17, 20241 yr 3 hours ago, ToastJenkins said: If you want an actual long term fix you have to go through it That's the theory anyway
June 17, 20241 yr 9 minutes ago, JohnSnowsHair said: That's the theory anyway The only way out is through
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