Tuesday, February 19th 2013 - 05:24 UTC

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. The release shows 46.627 deeds were signed in 2012, which represents a significant 27% shrinkage in comparison to 2011 while the figure in Pesos dropped 21.2%.

Argentines trust the US dollar to make business particularly in real estate

Last December sales dropped 29.3% compared to the same month in 2011, with a total 4.474 commercial operations, while the turnover of transactions was down 28.5%.

The Buenos Aires City Notaries College also showed that the average operation during the last month of 2012 was 464.305 Pesos, which represents a 1.1% gain over a year ago.

However the release also indicates that the retraction in the number of daily operations has stabilized at 25.6% compared to December 2011. This also shows that the number of deeds in the last quarter of 2012 has been climbing sustainedly 2.3%, probably indicating a modest bounce back.

Likewise a registry of deeds in five segments by increasing value shows that those operations of up to 150.000 Pesos remains with one of the highest percentages since April 2011, equivalent to 19.5% of the total. At the other extreme, over 900.000 Pesos, the number of operations climbed from 8.9% to 9.3%. The segments that have lost significance are those from 150.000 to 900.000 Pesos according to the Notaries College.

The dramatic drop in overall operations is attributed to the so called dollar clamp which impedes Argentines to make transactions and save in US dollars, which traditionally in Argentina in the property market has been the currency reference

Decades of inflation, hyper inflation and monetary chaos has made Argentines take refuge in the greenback mistrustful of their currency, the Peso.
 

93 comments Feed

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1 Anglotino (#) Feb 19th, 2013 - 05:50 am Report abuse
Extremely poorly written article.

But it all boiled down to:
“Argentines take refuge in the greenback mistrustful of their currency, the Peso”

Wonder what the next currency will be called?
2 LEPRecon (#) Feb 19th, 2013 - 05:59 am Report abuse
@1 Anglotino

“Wonder what the next currency will be called?”

Toilet paper?
3 Pirat-Hunter (#) Feb 19th, 2013 - 06:53 am Report abuse
#2 if it's written in IMF terms that will be one expensive toilet paper.
www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
4 Troy Tempest (#) Feb 19th, 2013 - 07:41 am Report abuse
2

The Turd??
5 Orbit (#) Feb 19th, 2013 - 08:32 am Report abuse
PH - Need your help; CFK said there is no dollar clamp (she was unequivocal), and yet it is referred to often across Argentine media, and evidence of it's impact is all around. What is the real situation? If you don't know, perhaps the truth meister nostro has the answer?
6 Xect (#) Feb 19th, 2013 - 08:55 am Report abuse
@3 - I thought all toilet paper was expensive in Argentina due to the out-of-control inflation crisis?
7 Gordo1 (#) Feb 19th, 2013 - 10:09 am Report abuse
The tragicomedy of Argentina continues and the director and stage manager are given free hand to continue. ¡Pobre país! ¡Pobre genre!
8 Idlehands (#) Feb 19th, 2013 - 10:18 am Report abuse
Maybe it's a “Dark Currency Clamp”

Its effects are all around and everyone can sense them yet in itself it is invisible to the human perception. They should set cosmologists onto this matter.
9 ElaineB (#) Feb 19th, 2013 - 11:03 am Report abuse
@8 LOL!
10 Musky (#) Feb 19th, 2013 - 11:10 am Report abuse
@2 Leprechon
I heard Argentina was going to adopt the LEAF has legal tender, however due to the problem of inflation they've going to burn down all the forests! (Thanks, Douglas Adams).
11 Optimus_Princeps (#) Feb 19th, 2013 - 01:28 pm Report abuse
A friend of mine posted a picture of Cristina with a Nazi uniform and Hitler mustache. We decided that it was an insult to Hitler because he wasn't an economic retard with botox.
12 yankeeboy (#) Feb 19th, 2013 - 01:40 pm Report abuse
Some headlines today:
Real Estate business worse than in 2001
Expected Soy crop U$2B less than last year
Teachers Strike-now
Teamster Strike-soon
Farmer Strike-later
Loss expected in Holdout case
Government mandated 7% MAX profit on food/consumables
Possible price freeze until after elections ( Oct)
Double fuel imports in Jan

The coming implosion will end up being a generational depression (maybe never recover). If the Rgs think this is going to end like it did in 2001 with a recovery in few years they are gravely mistaken.

What the Ks have done is taken your children's future from you.
13 Welsh Wizard (#) Feb 19th, 2013 - 01:57 pm Report abuse
Loss expected in Holdout case - Source...?

Government mandated 7% MAX profit on food/consumables - Has this headline been taken from a Chaplin film?
14 Nostrolldamus the 10th (#) Feb 19th, 2013 - 02:39 pm Report abuse
Excellent news.
15 yankeeboy (#) Feb 19th, 2013 - 02:54 pm Report abuse
14. That just proves how stupid you are about economics. I hope you are stocked up on toilet paper, sugar and laundry detergent.
Better queue up now if not.
16 Captain Poppy (#) Feb 19th, 2013 - 02:54 pm Report abuse
business.iafrica.com/worldnews/843123.html

And in a tweet, Argentine President Cristina Kirchner suggested that her government's debt reduction policy “seems to be the real cause of anger from the IMF.”

I never knew default was a real world policy, only in Argentina.

www.bloomberg.com/news/2013-02-15/singer-upends-bonds-as-default-endgame-nears-argentina-credit.html
17 Nostrolldamus the 10th (#) Feb 19th, 2013 - 02:55 pm Report abuse
@15

We are so stupid that we are popping a bubble before it pops in our face.

This will ensure there is no overbuilding and ensuing 6 years of depression and mass unemployment in the sector, like in other countries far dumber than US.

pun most certainly intended.
18 yankeeboy (#) Feb 19th, 2013 - 03:03 pm Report abuse
17. If that were true you wouldn't have 30+% inflation.
Have you ever looked up Stagflation? There are basically 3 causes to the RARE phenomenon, most countries had 1 of the triggers, Argentina has all 3!

Self popped the bubble...that's funny!
19 Welsh Wizard (#) Feb 19th, 2013 - 03:09 pm Report abuse
Maybe Nost is trying to point out that they were getting tired of 9% yoy growth so decided to pop that bubble quickly. Next they being trying to pop the bubble before it even exists...
20 Captain Poppy (#) Feb 19th, 2013 - 03:14 pm Report abuse
What an economic genius ........NOT ! Let's summarize RG logic on an analogy

A girl named Rgentina gets a cut on her finger.
She is so worried of infection she tries to find a solution.
The she comes up with a brilliant plan.....she cuts her arm off to stop her finger from getting an infection. What a plan!
21 andy65 (#) Feb 19th, 2013 - 03:54 pm Report abuse
@17 Nostrolldamus the 10th LOL we have a saying “YOU ARE FLOGGING A DEAD HORSE” = Crissy Kirchner get rid of the mad cow and start a fresh
22 slattzzz (#) Feb 19th, 2013 - 06:50 pm Report abuse
@17 yeah right nostril anus so all these people with no jobs because there is no building, makes sense to me you fookin idiot. No work no money, no money no economy you really are fooked up aren't you
23 cvc_22 (#) Feb 19th, 2013 - 06:50 pm
Comment removed by the editor.
24 Anglotino (#) Feb 19th, 2013 - 07:10 pm Report abuse
Um yeah 23 I think you got confused and posted on the wrong article.

This ones about the crash in real estate in Argentjna.

Preemptively I now hear!
25 slattzzz (#) Feb 19th, 2013 - 07:16 pm Report abuse
@24 it's sussie easily confused mate
26 Captain Poppy (#) Feb 19th, 2013 - 07:20 pm Report abuse
Oh sussie.......where do you come up with them? Are you la campora's lost little girl?
27 cvc_22 (#) Feb 19th, 2013 - 08:02 pm
Comment removed by the editor.
28 yankeeboy (#) Feb 19th, 2013 - 08:16 pm Report abuse
I wonder how come THINK isn't posting how much the Peso is falling today. He is so eager to post when it is going up.
How very odd.
29 slattzzz (#) Feb 19th, 2013 - 08:17 pm Report abuse
@28 and you sussie sound like a drug crazed crack whore..........oh that's right you are. Nip down and sponge some more methadone off our US cousins theres a good girl
30 slattzz (#) Feb 19th, 2013 - 08:18 pm
Comment removed by the editor.
31 slattzzz (#) Feb 19th, 2013 - 08:23 pm Report abuse
nice one sussie thats you reported again off to your crack pipe sweetie
32 slattzz (#) Feb 19th, 2013 - 08:29 pm
Comment removed by the editor.
33 yankeeboy (#) Feb 19th, 2013 - 08:43 pm Report abuse
$7.81 today so I am guessing CFK has run out of bags of U$ to try to bring it down,
You can't fight the market for long
the market always wins

CFK has to be seriously worried there won't be enough U$ to pay for the gas this year. I think BCRA is out of cash.
34 slattzzz (#) Feb 19th, 2013 - 08:44 pm Report abuse
@33 sorry sussie i am none of the above, yankeeboy and kelperabout are individual people as am I. I have never posted under another name because I don't need too only sad fookin crack users like you who sponge off other countrys need to do that. You truly are sad
35 slattzz (#) Feb 19th, 2013 - 08:46 pm
Comment removed by the editor.
36 slattzzz (#) Feb 19th, 2013 - 08:49 pm Report abuse
@36 sussie grow up you are indeed a diseased soul and not very clever either, must be your time in the USN hehe as if they'd accept a poisoned knobend like you. Get streetside crack user
37 slattzz (#) Feb 19th, 2013 - 08:53 pm
Comment removed by the editor.
38 slattzzz (#) Feb 19th, 2013 - 08:57 pm Report abuse
@37 I don't have enemys, I do however have contempt for crack whores that pretend to be someone they are not, I call them COWARDS and LOSERS, now Sussie bugger off and get your fix, the punters await and are using DOLLARS not some shit peso, hopefully you'll get a bad batch of crack and go into withdrawal for a few years
39 Anglotino (#) Feb 19th, 2013 - 09:06 pm Report abuse
Sussie now thinks she's an enemy?

Haha wow talk about narcissism. That's like calling a mosquito an enemy.

Hardly appropriate. Annoying=yes. Disease carrying=potentially. But not something you think about until they appear.

Poor Sussie. So unimportant.
40 Pirat-Hunter (#) Feb 19th, 2013 - 09:07 pm Report abuse
Prices will soon be affordable to all Argentine's, CFK runs foreigners out to replace them by Argentines who will not or can not run away at the first sign of economic turmoil. The new investors will set the real state prices without the dangers of an economic bubble. This are signs the recovery is now underway in Argentina, give it exactly 6 months and prices will slowly start showing a steady increase, the only drop in prices are in the residential range witch is good for everyone who voted for CFK. Good job CFK the real state market is the best place to accumulated revenues and fuel the economy, mr foreigner can have many dollars but unfortunately the investors needs land and taxes are a good cruise control for a erratic economy riddled with crooks.
41 slattzzz (#) Feb 19th, 2013 - 09:17 pm Report abuse
@42 PH ever the delusionist
42 Anglotino (#) Feb 19th, 2013 - 09:20 pm Report abuse
The above comment is exactly why the Argentine economy is heading for a crash.

6 months.... yeah let's wait for THAT turnaround!
43 yankeeboy (#) Feb 19th, 2013 - 09:22 pm Report abuse
I think PH either works at the Economy Minister'f Office or BCRA. That paragraph sounds eerily familiar to the PRs often released by the office!

total state of delusion
44 slattzzz (#) Feb 19th, 2013 - 09:30 pm Report abuse
It never ceases to amaze me that the rgenweeners most posters DON'T live in rgenweener. Sussie the crack whore -US, PH the nuclear warfare expert - Canada, Stink - Sweden, Gay bloke in dover- who knows but not rgenweener, what a bunch of losers, no identity, no pride, no nothing but white flags and rhetoric. Back your words up and go to rgenweener and support the botox twat with actions not words. Thats right you won't why? You haven't got the guts
45 Troy Tempest (#) Feb 19th, 2013 - 09:35 pm Report abuse
@42 PH ALEX VARGAS

“Good job CFK the real state market is the best place to accumulated revenues and fuel the economy, mr foreigner can have many dollars but unfortunately the investors needs land and taxes are a good cruise control for a erratic economy riddled with crooks.”

It seems that your real estate has decreased in value, 25%, at the same rate as your inflation 26%.
Many Argentines have lost money in both real estate and savings - they have LESS money to spend = buying less property and less goods= MORE unemployment= LOWER prices and LOWER profits= less building= more unemployment= LESS money for people and LESS TAXES for CFK.

Only “Mr. Foreigner” can afford to buy, because he does not save in Pesos.

In fact, be can afford to buy much more now!!

Thanks CFK!!
46 Nostrolldamus the 12th (#) Feb 19th, 2013 - 09:38 pm Report abuse
@36

Exactly, there are rumours getting stronger that entities are preparing a run on the US dollar in late september this year or march-april of 2014.
47 slattzzz (#) Feb 19th, 2013 - 09:38 pm Report abuse
@47 TT don't blind him with the truth FFS
48 Captain Poppy (#) Feb 19th, 2013 - 10:18 pm Report abuse
They really are all nuts ! Their posts are like scenes from One Flew Over the Cuckoo Nest. Sussie must be Nurse Kratchet
49 Anglotino (#) Feb 19th, 2013 - 10:25 pm Report abuse
Anyone else find these “rumours” about a run on the US dollar?

Sounds even dumber considering its either 6 months or 1 year in the future. Who advertises that they do such a thing?

Such “rumours” really do highlight the educational deficiencies of Argentineans who believe it.
50 yankeeboy (#) Feb 19th, 2013 - 11:15 pm Report abuse
I wonder how one would try to corner the U$ market when the only entity with enough funds would be the US Fed.
The US Fed could stop a “run” anytime they want.
Where are these “rumors” you are reading about and why Sept? And what would a “run” look like?

Toby is getting more and more delusional and he loves his conspiracy theories.
51 MagnusMaster (#) Feb 19th, 2013 - 11:33 pm Report abuse
@12 sorry but almost all of the headlines are the same that appear every decade, just like your comments. The only massive concern for Argentina is the IMF kicking us out because Cristina had the balls to produce false inflation numbers. And that's if Cristina doesn't manage to buy time, and if the IMF is too impatient to wait until Cristina leaves.

The economy will implode again but Cristina still has cards to play so that it goes just as planned and the Peronists keep in rule. The only question is: what will the IMF do?
52 CaptainSilver (#) Feb 19th, 2013 - 11:41 pm Report abuse
I am shorting several Rg companies, should be well minted when the crash happens. Not long now...IMF will pull the plug and then meltdown.
53 Nostrolldamus the 12th (#) Feb 20th, 2013 - 12:05 am Report abuse
@50

Look upon what central banks have been doing last 6 months. Quietly. Exactly as planned to fool idiots like you when the time comes, and leave hanging with a bag of worthless dollars. I you haven't noticed, your currency now is worth less than the Euro, Pound, Canadian, Australia, and yen... it can't even gain against the real or mexican and chilean peso.

And btw, I guess the record stretch is over, back to good old USA:

news.yahoo.com/shooting-spree-across-calif-county-leaves-4-dead-215222142.html
54 yankeeboy (#) Feb 20th, 2013 - 12:26 am Report abuse
So your premise is that the through a coordinated effort of some Central banks they will make a “run” on the U$.

If that is the case please let me know which Central Banks would be involved.
Is that what you are trying to say?

I want to be clear before I answer.
55 Captain Poppy (#) Feb 20th, 2013 - 12:30 am Report abuse
12th ...For the record you idiot, historically the dollar has always been valued less then the pound, and Euro. You are too young to know that. You need to check the yen and Canadian dollar before you make unresearched statements.

www.bloomberg.com/markets/currencies/

Nostril...now the 12th because your predecessors all died a horrible blog death, go back to mendoza and your mommas nipple. Do not return until you grow up, or at the very least experience the real world. AT least get a wet nurse.

Again because you are totally incapable to argue in support of your government you continue to resort to changing the topic, at least feeble attempts.

Every article on the internet is blaming the dollar clamp because NO ONE WANTS THE PESO. 27% drop in RE combined with 30%, grocery price freezes, restricted imports, that winter is going to suck for the majority of the population in Buenos Aires. Argentina has become a wordlwide acedemic model for how NOT to manage a country.
www.propertywire.com/news/south-america/argentina-real-estate-prices-201302197468.html

Can we expect the 14th next?
56 yankeeboy (#) Feb 20th, 2013 - 12:46 am Report abuse
Cap, This is much more worrying than the RE market crash:
NEW YORK -- Soybean prices rose sharply after Argentina didn't get rains that had been forecast over the weekend, just as the crop there is nearing harvest.

March soybeans rose 45.75 cents to $14.7025 a bushel as markets reopened after the Presidents Day holiday Monday. The gain of 3.2 percent was the biggest in more than a month. Soybeans are rebounding after slumping for the past two weeks on forecasts for a strong harvest in South America.

“It's getting toward the finishing stages of the crop and it really needs a good drink of water and it just didn't happen,” Darin Newsom, a commodities analyst at DTN, said referring to the Argentinian crop.

Read more here: www.miamiherald.com/2013/02/19/3242661/soybeans-rise-as-argentina-misses.html#storylink=cpy

Potentially this could wipe out all of their fxf BCRA reserves and not leave them enough U$ to buy fuel.

No wonder she is panicked and desperately searching for a large cash of grains.
brr
57 Mario Alejandro (#) Feb 20th, 2013 - 01:15 am Report abuse
as you can see the UK team cannot stop Sussie.
I am wondering why the bloody rubbish UK team keeps talking about her.
58 Anglotino (#) Feb 20th, 2013 - 01:27 am Report abuse
Who is Sussie? Should we be talking about her?

Anyway back to the article. Argentina's desire try and pay off debt by restricting the US$ is quite literally hollowing out the economy.

It sorta like rushing to pay off your mortgage without seeking treatment for a deadly disease. Enjoy your debt free status for a very very short while.
59 Angl0tin0 (#) Feb 20th, 2013 - 01:33 am Report abuse
@58
no, you shouldn't. she is anti-british.
60 Troy Tempest (#) Feb 20th, 2013 - 02:09 am Report abuse
@58

No, he is merely a disruptive non-entity.

No encouragement.
61 Nostrolldamus the 12th (#) Feb 20th, 2013 - 02:28 am Report abuse
@55

You understand as much about BASIC economics and finance as Yankeeboy. In other words, niente.

The nominal value of currency is meaningless, what matters is the wage-price comparison cross-country and the base year you choose.

The base year being 2003, the US dollar is WAY less valuable than any European, Asian, and most Latin American currencies, and the other “dollars” CAN/AUS/NZ, meaning the USA is cheaper and poorer now in comparison to all those nations (most of the world in fact), than it was in 2003.

Do you think Europeans and Latin Americans and Asians flooding the USA to buy property and stuff just “happens”?? That they all decided to go there for no reason?

You dummies.
62 MagnusMaster (#) Feb 20th, 2013 - 02:36 am Report abuse
@58 what can be done though? The economy will implode anyways. At least Cristina was too reckless to pass her economic timebomb to someone else before it blew up in her hands. But the Peronists will keep running everything, the only issue is who will be that Peronist and how the poisoned wine the people will drink tastes.
63 yankeeboy (#) Feb 20th, 2013 - 02:54 am Report abuse
So Toby can't answer #54? Choose not to? Gonna leave us all hanging?

Anyone think the peso will breach 8 by Friday?
64 Nostrolldamus the 12th (#) Feb 20th, 2013 - 03:10 am Report abuse
The central banks are not planning it you nincompoop. They are buying tons of gold and making preparations to unload their dollars through various trades and other steps. Most central bankers are smart people and they know the USA has been on “printing press panic” mode since 2003... with ridiculously low interest rates to fuel a spectacularly ruinous housing bubble and two finance two huge bankrupting wars. And to fix all those inbalances the USA has decided to print more cash...

All economist know the reckless policies of the USA since about 2001 will inevitably lead to a spectacular crash.
65 Troy Tempest (#) Feb 20th, 2013 - 03:19 am Report abuse
@63yankee

“So Toby can't answer #54? Choose not to? Gonna leave us all hanging?”

Toby is avoiding more than one thread with uncomfortable posts.

:-D
66 Anglotino (#) Feb 20th, 2013 - 03:43 am Report abuse
Toby's take on economics is making me laugh so loudly.

But in even MORE EXCITING news, I have officially been sockpuppeted by Sussie.

Please all take a look at Post 59 and Sussie's use of zero in impersonating my name. I haven't reported it because I'm just so PROUD at the moment.

I officially annoy Sussie enough for her to impersonate me.

I've been waiting so long!
67 Nostrolldamus the 12th (#) Feb 20th, 2013 - 03:45 am Report abuse
@66

Wow, if that is your top achievement in life.
68 yankeeboy (#) Feb 20th, 2013 - 03:53 am Report abuse
So what you are saying is that there isn't going to be a run but Central Banks are buying more gold? What does that have to do with a run on the U$?
You'd think if the banks were desperately buying more gold, as you claim, it wouldn't be steadily falling like it has over the last 6 mos.
but maybe I don't know how to read a chart?
Is it upside down?
What a goofball
I think you are actually getting dumber over time
69 Nostrolldamus the 12th (#) Feb 20th, 2013 - 04:02 am Report abuse
@68

YOU FOOL. That's why CENTRAL BANKS ARE BUYING!!

They are buying on the dip you illiterate and disaritmotic fail, because they know it's about to go to 3000. And the reason is not gold itself will increase that much in value, it's the dollar is about to go through phase 2 of it's death. (phase one was the last 12 years where it slowly lost HALF it's value).

Phase two it will lose a 1/3 of its value in a matter of weeks... that will cause some panic, but then the US economy will live an “indian summer” of sorts, and grow strongly due to the cheap currency. Then phase 3 in 2015....

I hope you have food supplies.
70 Troy Tempest (#) Feb 20th, 2013 - 05:14 am Report abuse
@66 Angl@tin@

“Please all take a look at Post 59 and Sussie's use of zero in impersonating my name. I haven't reported it because I'm just so PROUD at the moment.

I officially annoy Sussie enough for her to impersonate me.”

Wow, you finally made it to the big leagues!!

Congratulations, buddy - you are awesome!!!

Oo er wait a minute. Uh, oh *tremble tremble*
What might Sussie do next ???

Do you think he will say “arse” in a sentence and be very rude with lots of “jajaja's”???

I live in fear of the dreaded... CAPITAL LETTERS !!!

Maybe a sharp witty jab directly at you, “ I am Mr. Anglo-Brit Poopy-Pants”???

Always so full of surprises - hold tight!!

That Sussie , a frickin' Supergenious compared to that schlep @69, Maynard Nostril-Keynes, the Kirchnerist economist.
71 Anglotino (#) Feb 20th, 2013 - 06:00 am Report abuse
@70 Troy I can't wait! Her scatalogical references are quite telling from a mental health perspective. It's not a secret but I'm not sure if Sussie knows which team I bat for either! So it should be very interesting.

Oh and as you can see Nostrils is sulking around trying to drum up attention/hatred/sorrow.... who knows. Post 67 was almost a cry for attention. I guess not even Sussie wants to impersonate him.... actually I don't even think he wants to be himself sometimes.

And FINALLY, it is quite farcical that all the Argentine trolls think this is GOOD news.

I love this one from Nostrils:
“We are so stupid that we are popping a bubble before it pops in our face.”

WE ARE SO STUPID..... WTF? He agrees with us. You never pop a bubble. You DEFLATE it. Like what Australia has done.

No bubble popping over here. But did Argentina copy that? No they just went and crashed the whole system. Something they keep castigating the US for doing.

Go figure!

Then to have currency advice or lectures from of all people an Argentine. How many currencies have they had since independence? And devaluations?

I'm a bit sad, Sussie only impersonated me once! :(
72 Troy Tempest (#) Feb 20th, 2013 - 06:29 am Report abuse
@71 Anglo- Sussie friend

“Nostril sulking...” LOL

Check out his humiliating “Biro” defeat,
Post 88
en.mercopress.com/2013/02/16/cristina-fernandez-inflation-index-for-january-less-than-half-private-estimates?utm_source=email&utm_medium=email&utm_campaign=aviso_comentarios#comments

What can I say, he brought it on himself.
He was trying to show off and Yankee and I caught him lying.

We called him on it and trounced him with facts and logical argument.
Now, he is trying to say we are mean etc etc

Worry not - Sussie will re-appear!!
73 yankeeboy (#) Feb 20th, 2013 - 11:37 am Report abuse
69. Toby, I don't know what kind of conspiracy theory emails you are getting now but they are warping your mind!
I think you are getting dumber by the day.
Maybe give up on some useless language classes and take an economics class.
I live in the finance world and your premise ranks up with there of beware the aliens are coming.
74 Captain Poppy (#) Feb 20th, 2013 - 04:44 pm Report abuse
Which declining real estate prices “all part of there plan”, as pirate hunter said, I wonder if the lack of rising soy prices and argentina not able to get a crop of export part of the plan as well?

www.buenosairesherald.com/article/124617/soybeans-up-3-due-to-poor-rains-in-argentina

Maybe the farmers that asslips screwed will help them.....not:

www.buenosairesherald.com/article/124516/farmers-seek-to-avoid-strikes

Imagine that....and the unemployment numbers rising :

www.buenosairesherald.com/article/124632/jobless-rate-rises

But while ROme burns, free football is of the most importance:

www.buenosairesherald.com/article/124633/congress-to-debate-free-football-tv-programme.
75 Ayayay (#) Feb 20th, 2013 - 06:11 pm Report abuse
Bulgaria's whole government just quit due to civil unrest from just a 13% utility price hike. I guess Argentines are happier people.
76 Nostrolldamus the 12th (#) Feb 20th, 2013 - 07:56 pm Report abuse
@75

You over complicate your answers. Argentines are not happier people, you are just all liars. Occam's razor.
77 Ayayay (#) Feb 20th, 2013 - 08:18 pm Report abuse
@76 Maybe you need to get on my level..
78 Escoses D0ido (#) Feb 20th, 2013 - 08:50 pm Report abuse
and the winner is sussie cute!
79 Captain Poppy (#) Feb 22nd, 2013 - 01:35 am Report abuse
It wuld seem with trade continuing on the current trend since the summer, they are a month or two away from deficits. I can't imagine they even have enough dollars to pay the coming restructured debt payments.

www.buenosairesherald.com/article/124715/trade-surplus-plunges-49-in-january
80 yankeeboy (#) Feb 22nd, 2013 - 02:04 am Report abuse
They are out of reserves the only thing left to do is print more pesos which is why the peso is rapidly falling. I would love to see how the provinces will pay their bills if they aren't allowed to issue debt. They are already 6 months behind in supplier payments!
81 Captain Poppy (#) Feb 22nd, 2013 - 02:20 am Report abuse
How can they possibly import oil now? Winter is going to be long and very cold. This is reported by indec, imagine what it really is.

www.tradingeconomics.com/argentina/balance-of-trade
82 yankeeboy (#) Feb 22nd, 2013 - 01:59 pm Report abuse
The general outlook is dismal, there is absolutely nothing that can stop this train from crashing.
They had 100s of business shut off last winter due to the gas shortage and this year is going to be even worse.
At some point the Int'l mfg companies will pack up and leave.
83 Captain Poppy (#) Feb 22nd, 2013 - 03:25 pm Report abuse
When is their next bond payment do?
84 yankeeboy (#) Feb 22nd, 2013 - 03:31 pm Report abuse
I have no idea I think they owe U$8B this year though. I don't think it will go well for them next week and every article says SCOTUS will not take up the case. So it looks like this will be the last venue.
Griesa is making Banco Nacion tell the holdouts where Argentina has their money and what it is used for. They could end up seizing all the funds at the Int'l branches of the Bank if Arg is not careful.
85 Captain Poppy (#) Feb 22nd, 2013 - 04:42 pm Report abuse
I can't see BN complying with the courts unless they have US branches. Either way, a serious shitstorm is brewing for ARgentina. They are many good people there that just cannot change things politically and will undeservingly get screwed, they rest get what they deserve.
The respectable RGs blame their government and the others swallow the propagenda and blame everyone but the government. They just are too thick to understand the effects of the defualt.
86 yankeeboy (#) Feb 22nd, 2013 - 09:01 pm Report abuse
Banco Nacion has branches in NYC and Miami so they're screwed. Arg gov't uses BNA as their bank, the transactions have been shielded but Griesa wants all balances and transactions reported to NY courts.
How do you say OUCH in Spanish?
87 Pirat-Hunter (#) Feb 23rd, 2013 - 10:53 pm Report abuse
#41 if the foreigners can speak ignorance and trash about my country why shouldn't I have my own opinion about Argentina?
#42 people like you have being protesting and claiming dooms day for Argentina since 2001 and guess what CFK took office and face the FMI all by her own while everyone else run away like a a rat.
#43 a good thing about Argentina is that they don't waste tax revenues to murder innocent Muslim women and children, I bid you can't say the same about your country! When you can come lecture us, until then fix your own nations and quit sticking
your nose where no one invited you to.
#44 CFK work against FMI speak for itself and while she fight IMF our tax revenues are safe in the national bank, it is IMF who should answer for their work in the last few years, I doubt the economic collapse wasn't in the plans. When any idiot can read a charts.
www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
#45 lol sorry last I heard from people like you is that foreign investors are running from Argentina, I figure the prices will drop to affordable levels until all foreigners run away and then the nationals will fill the void as it happens all over the world everyday, one man loss is another mans gains, 6 months should do put that in your calendar and remember I call most of the shots and never missed one yet.
#46 with all the counterfeit dollars in Argentina the busyness of printing dollars is getting more and more lucrative, the real boom is now.
#48 I am sure you are used to murdering Muslims and raping their women and children, I can see why Argentina can be boring to North Americans and Brits, go shoot more people and let the responsible diplomats exchange political ideas.
#49 it shouldn't surprise anyone that printing dollars in Argentina is a lucrative and legitimate form of busyness, it's something similar to the cocaine industry, except coca is illegal and it take more work to make it while the dollars fly of the shelves.
88 Captain Poppy (#) Feb 24th, 2013 - 12:07 am Report abuse
#87 piss hinter opine all you want about rgentina, only do not call it you country, you fled in fear and are now Canadian for good reason.
“#48 I am sure you are used to murdering Muslims and raping their women and children, I can see why Argentina can be boring to North Americans and Brits, go shoot more people and let the responsible diplomats exchange political ideas.”

Your stupid statement is a loud demonstration why rgentina is a toilet bowl. However you were smart enough to avoid the collapse this year. You are a coward and pussy that you cannot stand by your own country that you pretend to believe in
89 Troy Tempest (#) Feb 24th, 2013 - 04:15 am Report abuse
@87 ALEX VARGAS - Economic Genius

“#45 lol sorry last I heard from people like you is that foreign investors are running from Argentina, I figure the prices will drop to affordable levels until all foreigners run away and then the nationals will fill the void as it happens all over the world everyday, one man loss is another mans gains, 6 months should do put that in your calendar and remember I call most of the shots and never missed one yet.”

It's ok, you can afford to stay in denial, you don' t live in Argentina, and never will.
If you say anything else, it will undermine CFK, the main pillager of your people's wealth.
“Mr Foreigner” is unlikely to sell during catastrophic price drop and economic collapse. He will be one of those picking up the bargains when the prices bottom out - if he thinks they'll recover.
Meanwhile, the realtors, the construction companies, their suppliers, their labourers, the lending institutions, all will suffer.
The Middle Class will be crushed, paying loans on property worth a fraction of its former value. They will also be under pressure from cost of goods/living with devalued peso, perhaps unemployment, too.

The only “Nacionals” who will be able to afford even the devalued property will be those will USD $$ savings - the wealthy and 'connected' Argentines (government insiders) or foreigners.

With the economic collapse, unemployment, and lack of foreign business investment, it will be a long time before property values recover, and when they do, the average Argentinian will have been squeezed out of the market - many ruined financially.

Do you hate the average Argie that much??

Ask yourself what you will get out of this, or the other La Campora underemployed?
CFK's friends will profit nicely, but they despise your type. You are just tools for them to protect themselves - they'll dump you when you are not needed.

What a schmuck you are :-D
90 Ayayay (#) Feb 24th, 2013 - 08:26 pm Report abuse
@87, Your country, Canada, is involved w Iraq & Afghanistan.
91 Troy Tempest (#) Feb 24th, 2013 - 11:38 pm Report abuse
@90 Ayayay
”@87 (PH), Your country, Canada, is involved w Iraq & Afghanistan.”

Pirat-Hunter (ALEX VARGAS) is a hypocrite as well as an “Economic Genius”
92 Captain Poppy (#) Feb 25th, 2013 - 12:14 am Report abuse
Ayayay......ph, alaex vargas and whatever else he goes by is a coward.......a shear and outright, unconvicted coward that believes in his so called country so much that he abandoned it. What type of a patriot runs from his country in a time of need? How strong is one's political philosophy when his actions are a total contradiction to everything he states. Like all the RG trolls here, they will have you believe they love all that kirchner is doing in her earnest efforts to destroy the country and with the latest release of trade balance accounts, she has accomplished total destruction; yet they claim to live in the free countries they ramble senseless diatribes about. They are a living paradox in all they do. Their day is now arriving and the time to pay the reaper is days away.....only there is no cash in the coffers. Kirchner needs to lay next to chubby and nestor
93 Troy Tempest (#) Feb 25th, 2013 - 01:26 am Report abuse
@90 Ayayay

PH ALEX VARGAS is a loyal member of YPF, La Campora, La Campora Juvenil for sure. Possibly also Al Quaeda, Hamas, Hezbolah, Taliban sympathiser, B'aath Party etc.

He grew up as a child in Canada, coming from Argentina at a very young age.

“Pirat-Hunter” ALEX VARGAS is a very angry young man.

He calls the Argentine people “lazy” and says they get what they deserve.

He said on his posts that the women and children on the Falklands/Malvinas“ should die” because they are “pirates” and Argentina wants their homes and land.

He says he will not return to Argentina because“ it is infested with British”.

Many of us think that he will not return because:
- he is afraid to live in Argentina
- he is a criminal and therefore, has no passport
- he is listed as a 'Terrorist' and is on the USA “no-fly list”.
or any of the above

All of the Brits and most of the Argentines on here, except “sussie”, think he is mentally-ill.

If you are Argentine, please take him back. If you want him to stay here, please realise that he is a nut case, and should be ignored.

:-D

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