August 14, 20241 yr On 11/20/2023 at 10:48 AM, Kz! said: Seems pretty great. Not surprising that the Argentinians went in the opposite direction after decades of socialism have wreaked havoc on their economy, and they're facing massive inflation. You said inflation?
October 19, 2024Oct 19 Yeah, trade surpluses lead to high inflation. High inflation reducing local buying power can also lead to local goods seeking foreign markets. Though that is pretty extreme.
October 19, 2024Oct 19 Author 47 minutes ago, JohnSnowsHair said: Yeah, trade surpluses lead to high inflation. High inflation reducing local buying power can also lead to local goods seeking foreign markets. Though that is pretty extreme. I guess Milei needs to consult with you for his inflation reduction program
October 21, 2024Oct 21 On 10/18/2024 at 8:51 PM, JohnSnowsHair said: Yeah, trade surpluses lead to high inflation. High inflation reducing local buying power can also lead to local goods seeking foreign markets. Though that is pretty extreme. Maybe you missed the entire mercantilist era of Great Britain? Or mid 20th century America? This notion that trade surpluses cause inflation is fundamentally wrong. You can be a massive net exporter and your currency can rise in value. In fact, that is the majority of economic history of mature economies — they are net exporters which causes their currency to rise as trade partners buy their currency in order to buy their good. It is only recently with Fiat currencies that we see exports correlate with inflation. It’s not that exports cause inflation, it’s that central banks cause inflation.
October 21, 2024Oct 21 9 hours ago, TEW said: Maybe you missed the entire mercantilist era of Great Britain? Or mid 20th century America? This notion that trade surpluses cause inflation is fundamentally wrong. You can be a massive net exporter and your currency can rise in value. In fact, that is the majority of economic history of mature economies — they are net exporters which causes their currency to rise as trade partners buy their currency in order to buy their good. It is only recently with Fiat currencies that we see exports correlate with inflation. It’s not that exports cause inflation, it’s that central banks cause inflation. Are you really trying to use a colonial economy to modern day Argentina's? That's pretty ridiculous. And America mid-20th was in a very unique situation from a global economic standpoint. Big outliers there. Neither remotely comparable to Argentina. Foreign markets demonstrating high demand for domestic products is going to understandably contribute to inflation. This isn't really shocking. Just like foreign markets catering heavily to the US commercial markets has helped the US keep inflation relatively low. Trade surpluses don't "cause" inflation, but they can very much so be a symptom of them because they're both caused by the same thing: foreign markets being willing to pay more for a product produced nationally.
October 29, 2024Oct 29 8 hours ago, Procus said: Tnt enjoys losing money in the market The US economy is the envy of the world, and my investments are doing great. GFY, you dictator loving d-bag.
October 29, 2024Oct 29 And Argentina's inflation rate this year will be in the 125% range. I wouldn't go spiking the football on stock "growth" when inflation is more than eating any gains.
November 13, 2024Nov 13 Argentina's inflation rate is 2.7% - Milei is a genius! USA inflation is 2.6% LINK - Biden is a failure. He has to go! We never had 25% inflation either.
November 15, 2024Nov 15 Author On 11/13/2024 at 11:24 AM, toolg said: Argentina's inflation rate is 2.7% - Milei is a genius! USA inflation is 2.6% LINK - Biden is a failure. He has to go! We never had 25% inflation either. Came close during the end of the Jimmy Carter administration
November 16, 2024Nov 16 On 11/13/2024 at 11:24 AM, toolg said: Argentina's inflation rate is 2.7% - Milei is a genius! USA inflation is 2.6% LINK - Biden is a failure. He has to go! We never had 25% inflation either. If we measured inflation as we did in the 1970’s and 1980’s, when Carter got trounced by Reagan, we would have had inflation in the 20’s under Biden.
November 21, 2024Nov 21 Alright, well he's definitely right about this at least... This Sunday, during an interview with Susana Giménez, Javier Milei praised the Argentine star: "I have a strong preference for Messi. There are videos of me stating that while others were criticizing him, I always maintained he was the best player of all time. There's an article by a consulting firm discussing football and economics titled 'Messi is Impossible'. People can be good in one area, but not in every aspect. He is the best at everything. That's why Messi is impossible. There's no better human being in all respects." https://www.footboom1.com/en/news/football/1876335-javier-milei-s-praise-for-lionel-messi-the-best-in-everything
September 25Sep 25 On 10/18/2024 at 9:40 PM, Procus said:I guess Milei needs to consult with you for his inflation reduction program🤣
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