Monday, October 21st 2013 - 06:16 UTC

Argentine economy 12 month expansion in August was 4%

Argentine economic activity grew 4% in August from the same month last year, the government said on Friday, growth that far exceeded market expectations.

The government target for this year is 5.1%

The percentage is based on the monthly EMAE economic activity index, a close proxy for gross domestic product. The government's INDEC statistic office also said in a statement that August economic activity rose 0.4% from July.

For full year 2013, the government of President Cristina Fernandez expects GDP to expand 5.1%, following GDP growth of 1.9% in 2012 and 8.9% in 2011, according to official figures.

Last year's expansion was restricted by weak global demand, a drought-hit grain harvest, high inflation and the negative impact of currency controls on investment in Latin America's No. 3 economy.

The region as a whole will likely struggle to lift economic growth next year after a disappointing 2013, raising the stakes for policymakers already grappling with prospects of higher market interest rates in the United States.
 

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1 DanyBerger (#) Oct 21st, 2013 - 06:50 am Report abuse
Argentina is having an spectacular performance in economic terms despite Clarin Miente, el campo and La Destruccion of Mitre.

Economy growth is driven by little and medium size industrial sector, Technology and service companies.

I will really expect that the govt can shut down Clarin MIente and La Destrucción. That will help a lot because they produce more harm to the economy than 3 financial crisis all together.

Another think that will help a lot would be to reduce holidays in to increase productivity Argentina has a lot of days lost by long weekends, etc.

Working hard, saving and investing is the formula for success.
My dad told me that since I was a child and he was always right.
2 Xect (#) Oct 21st, 2013 - 07:12 am Report abuse
'Argentina is having an spectacular performance'

Oh Danny. It seems that the government really can pull the wool over some folks eyes.
3 golfcronie (#) Oct 21st, 2013 - 08:14 am Report abuse
Who produced these statistics?? Oh wait, the Argentine Government. Does anyone believe a word they say? Not in the developed world they don't.
Sorry Dany you are clutching at straws.
4 Welsh Wizard (#) Oct 21st, 2013 - 08:47 am Report abuse
Another train crash in Once I see. Over 80 people injured.
5 Anglotino (#) Oct 21st, 2013 - 09:04 am Report abuse
@2 Xect

LOL! Great comeback!
6 GeoffWard2 (#) Oct 21st, 2013 - 10:32 am Report abuse
4% expansion of 'sod all'
is still 'sod all'!
7 DanyBerger (#) Oct 21st, 2013 - 11:25 am Report abuse
@golfcronie

About what developed world are you talking about mate?

Because if you have ever been in the so called “developed world” you would realised that most of the statistics are fake. Like the Unemployment figures, inflation, etc. in US and Britain to cite a couple of example.

@GeoffWard2
“4% expansion of 'sod all'
is still 'sod all'!”

I guess you are talking about Britain, right?

No hope, no employment, no economy, no military power, no carriers, no good services, no future and no way to pay the huuuuuuge debt.

I guess that the above provides a quite good definition of “sod all” what do you think?

Back into the real world, Argentina is performing wonderful despite envious criticism from former citizens from countries that are falling like stone into water and have to move to countries like Brazil to enjoy a decent standard of living. Ha ha

GeoffW Argentina in much better in a recession than UK having 20% growth and always will be like this.

What can we do?
8 Welsh Wizard (#) Oct 21st, 2013 - 11:29 am Report abuse
@7

Thanks DB, please provide evidence of faked statistics and the calculation matrix for the stats.

Cheers
9 yankeeboy (#) Oct 21st, 2013 - 11:49 am Report abuse
There is no country in the world that is simultaneously growing and on the verge of “bread riots” at the same time.

The started rationing wheat four to bakeries today.
Bahahahaha
I think they have their “growth”charts upside down.
10 Faz (#) Oct 21st, 2013 - 12:13 pm Report abuse
Hey Dany, are the Cartoneros increasing or decreasing? Is the Peso rising or sinking? Are the Villas shrinking or expanding? Forget the 4%, thats just government popaganda.

My house is 10% more valuable than it was a few months ago. And that increase is about the same as six times the average RG salary. And, I am just an average guy in the UK.

Jaguar Land Rover are just about to set up a new factory in Brazil as well as the one they are opening in China. We dont open businesses in unfriendly unstable countries like Argentina. Argentina is just a place to go for a cheap holiday and a source of cheap wine blueberries and corned beef, its no more than that to us.
11 ChrisR (#) Oct 21st, 2013 - 12:53 pm Report abuse
This data is of no use in determining just what is going on.

Percentages on their own mean nothing: what is the underlying monetary value? We don't know but then I don't think anybody does.

Smoke and mirrors!
12 GeoffWard2 (#) Oct 21st, 2013 - 01:11 pm Report abuse
'“4% expansion of 'sod all' is still 'sod all'!”
I guess you are talking about Britain, right?'
Dany B #7

No, Dany, perhaps you don't understand what I am saying.
If you start with a really big amount, a % increase is significant;

If your national economy has nose-dived to sod-all, a 4% increase can make no observable difference to the wage-packet of the man-in-the-street.
13 golfcronie (#) Oct 21st, 2013 - 01:11 pm Report abuse
@7
You have never heard of the UK or US Governments renegading on paying back ( with interest ) what they owe. Argentina just lies and lies and lies. No wonder the developed nations will not invest in Argentina, they know for certain that they will not get their money back. You are very blinkered my friend.
14 yankeeboy (#) Oct 21st, 2013 - 01:31 pm Report abuse
Markets are predicting both Brazil and Argentina will have to buy US Wheat to make up for the huge shortfalls.
Maybe..just maybe they should be planting something other than Soy.
15 DanyBerger (#) Oct 21st, 2013 - 01:39 pm Report abuse
@Welsh Wizard

In US marginal attached figures that in U6 from BLS get magically lost. In UK unemployment figures bad taken by using “claimant count” and ICP methodology used, etc.

“One problem with the claimant count is that it misses out many people who are interested in finding work and who might have searched for work in the recent period - but they don't meet all of the criteria for claiming and therefore are not included in the monthly unemployment count.”

Well not much to explain as this has been in UK and US for long time debated.

No need to prove the inaccuracy of statistics in some countries like Spain, Italy, Greece, Portugal, etc, also including creative data into their statistics that have been exposed to the public since long time ago.

If you want more technical information don’t be so lazy and make your own research.

@yankeeboy

I don’t now of what are you talking about but rioting with growth have noting to do.

@Faz

“And, I am just an average guy in the UK.”

So you are another poor pommy surviving renting rooms of your house while still cashing JSA checks?

Come on boy don’t lie to me I was several times in UK and even when you say to be fab you still looked pretty poor with just few exceptions better known as Sirs and Lords.

“Jaguar Land Rover are just about to set up a new factory...
We dont open businesses in unfriendly unstable countries like Argentina”

What do you mean by “We”? Are you from India now idiot?

Jaguar Land Rover is a property of TATA motors from India.

And the Chairman of the company is Irish (Cyrus P. Mistry) and the CEO German (Dr Ralf Dieter Speth) because not even the Indians trust you to run properly a business because you seem to be quite incompetent.

So, do you have more crap to share with us?

@GeoffWard2

4% over U$s 500bn ARG GDP is U$s20bn
1.3% over fake 2.441T UK GDP is 31.t bn

Where do you think growth will impact more?

No much to say I guess
16 yankeeboy (#) Oct 21st, 2013 - 01:54 pm Report abuse
Dany, Argentina only has 2 engivines for growth, Grains and Cars.
Neither one did well this year
Small/Mid Sized Bushiness are closing all over BA
FL ave/Santa Fe have just about more vacant storefronts than occupied.
So none of what you are saying makes any sense
are you taking CFK's lithium, give it back she needs it desperately.
17 Welsh Wizard (#) Oct 21st, 2013 - 02:35 pm Report abuse
One problem with the claimant count is that it misses out many people who are interested in finding work and who might have searched for work in the recent period - but they don't meet all of the criteria for claiming and therefore are not included in the monthly unemployment count.

And thisa is the main problem people who are “interested” in finding work and “and who might have searched for work”. Two variables which you can't measure properly and so the stats are done on things you can measure unlike Argentina where one finance iminister does a shit, asks the others in the cabinet to rate it on form, structure and length and the average of all the scores is then applied as a percentage number of future growth
18 The Truth PaTroll (#) Oct 21st, 2013 - 02:53 pm Report abuse
@10

Well, at least blueberries, good anti-oxidants. I can't think of one thing I need to get from the UK, unless I'm a alcoholic waste which of course I am not.
19 yankeeboy (#) Oct 21st, 2013 - 02:54 pm Report abuse
Supreme Court Moves Us Closer To Holding Deadbeat Argentina Accountable
.No one forced the Argentine government to borrow money. No one forced the Argentine government to waste the money that it borrowed. And no one forced the Argentine government to default
www.forbes.com/sites/dougbandow/2013/10/21/supreme-court-moves-us-closer-to-holding-deadbeat-argentina-accountable/
20 The Truth PaTroll (#) Oct 21st, 2013 - 02:57 pm Report abuse
No one can force us to pay it back.... hahahahahahaha.
21 yankeeboy (#) Oct 21st, 2013 - 02:59 pm Report abuse
20. Er yeah we are forcing you to pay it back. The ICSID judgments are just the beginning.
The bad part for your country is that you'll be saddled with HUGE interest rates and unfavorable terms for years before anyone trusts you again.
The Ks ruined your life you just don't realize it yet.
22 The Truth PaTroll (#) Oct 21st, 2013 - 03:07 pm Report abuse
Not even your Forbes (capitalist nazi) article says that.

Jactitations are your only forte.
23 yankeeboy (#) Oct 21st, 2013 - 03:14 pm Report abuse
Says what?
Paying the ICSID judgments? That was already announced. So yeah you're paying just like I said.

You'll pay the bond holdouts too. It has always been the game of who can hold out the longest and I told you a long time ago the NY billionaires will outlast Argentina. You just didn't believe me.

Huge interest rates? You can see that in current rates, do you think they'll get better with time? Maybe lots and lots of time. You'll probably be dead by then tho.

BTW Nazi were Socialists like yourself.
24 The Truth PaTroll (#) Oct 21st, 2013 - 03:17 pm Report abuse
I'm not a socialist, nor a capitalist. I'm a mercantilist. Something your brain is simply not designed to accomodoate, as you are a product of late 20th centure Euro-North Am rotten culture and mores.

A country can hold out indefinitely when it has means of production and wealth. The billionaries will die waiting. Their grandchildren will not care.
25 Optimus_Princeps (#) Oct 21st, 2013 - 03:18 pm Report abuse
If the economy is doing so well, then why did the price of tomatoes just double in the last two months?
26 The Truth PaTroll (#) Oct 21st, 2013 - 03:21 pm Report abuse
Not the tomatoes again....

WINTER! WINTER!
27 yankeeboy (#) Oct 21st, 2013 - 03:29 pm Report abuse
24. You can't hold out any longer as evidenced by the simple agreement to pay the ICSID judgments after a decade of ignoring them.

You need U$, you have no way to get any internally so you must get it from the Int'l community. How do you think you'll buy our Wheat and Fuel? We don't take pesos and neither does anyone else.
28 The Truth PaTroll (#) Oct 21st, 2013 - 03:36 pm Report abuse
There's been half a dozen times in the last 60 years there was no U$ available and guess what... still here. And things still got done. And today the U$ is not even half as important or valued as it was even 20 years ago in the last real situation where U$ did not enter the country.
29 ElaineB (#) Oct 21st, 2013 - 03:57 pm Report abuse
@28 Yes, you are still here. Your standard of living is worse but you will survive.

DB is winding people up because no one who has spent any time in Argentina could possibly believe the nonsense he is spouting.
30 The Truth PaTroll (#) Oct 21st, 2013 - 04:00 pm Report abuse
Eveyone's standards of living are worse. You will surely deny it, but the numbers coming from all nations of the world don't lie.

This is the system you guys wanted, a capitalist run world. You have it now. It's working out wonderfully isn't it.
31 Welsh Wizard (#) Oct 21st, 2013 - 04:08 pm Report abuse
@30 Very good for me. My house price has risen as has my salary and bonus. Hurrah
32 Troy Tempest (#) Oct 21st, 2013 - 04:14 pm Report abuse
30TIT

I thought you said u were a “Mercantilist”, don't you need to trade to be a “mercantilist ”?
33 Faz (#) Oct 21st, 2013 - 04:16 pm Report abuse
Spot on Elaine. It is absolute nonsense. Dany is so proud of his 4% lol! Got our RMG shares, sold for £5.30 this morning. Instant £900 profit, lets see thats about 8000 Pesos! If you have been to the UK Dany you could probably only have afforded to stay in a doss house in Bethnal Green. You certainly wont have been to Gerrards Cross, Henley in Arden or Nantwich and see where we all live.
Remember Dany, some of us have been to RGland many times, lived there, and still visit from time to time. We know what it actually like, apart fom the nice scenery and natural beauty its a dump!
British Design leads the world in so many fields, who cares who owns these things. The thing is we decided not to build our factory in a land full of theiving liars...
34 CaptainSilver (#) Oct 21st, 2013 - 04:33 pm Report abuse
I am off to Delhi in a couple of weeks, it will be interesting to see how I get on there, cycling around the Golden Triangle. Last time I was cycling down to Ushuaia and the police gave me an escort just outside Mendoza because they reckoned the locals would pinch all my kit and my bike. Phew, what a country. I have been all over the world and neer seen anything like that. The Villa Miserias have to be seen to be believed, the Argies have got a massive problem to re establish international trust but with the present government they seem determined to shoot themselves in the foot by losing international confidence. I suppose its the Latino temperament that puts football before economics and pride before success. No wonder they are the sick men of Europe too - same heritage.
35 andy65 (#) Oct 21st, 2013 - 04:58 pm Report abuse
@ DannyBeefBurger

www.telegraph.co.uk/finance/economics/10354575/UK-economy-growing-at-fastest-rate-in-the-developed-world.html
36 yankeeboy (#) Oct 21st, 2013 - 05:11 pm Report abuse
28. Of course Argentina is still there idiot. You are just a LOT poorer and dumber than you were 75 yrs ago and that trend line is steepening.

As Elaine said, you are much much worse off than you were 2-3 generations ago.

We are not, in general everyone In the UK USA EU have a much better living conditions than their grandparents or parents did. So please don't lump the rest of us in your abysmal situation.

BTW the U$ is still only way you can pay for most imports. Unless I am mistaken you may only have 1 agreement to trade in local currency with Brazil but that may not have been ratified.
37 CabezaDura (#) Oct 21st, 2013 - 05:25 pm Report abuse
It’s Inflation driven growth most of it. INDEC usually ads a 1 or 2% on whatever the real expansion is, the rest is inflation and emission. Colombia is clearly the 3 largest Economy of LATAM if the parallel dollar is considered in the equivalent in the Argentine economy.
What Argentina is going through now is a long period of “Estanflación” (INFLATION + STAGNATION).
38 Ayayay (#) Oct 21st, 2013 - 05:41 pm Report abuse
@17 WELSH WIZARD LOL!!
39 The Truth PaTroll (#) Oct 21st, 2013 - 05:51 pm Report abuse
@32

Yes. You have just been brainwashed into believing that trade is a subset or requires capitalism!!

Mercantilism is what brought Europe (Italy, France, Germany, England), prosperity and out of their dark ages, and into the Rennaissance, Age of Discovery, and the Enlightenment. It is what brought prosperity to colonial North America. It is what made Argentina rich after 1850.

NONE OF IT WAS CAPITALISM. No stock trades, no put calls, no derivatives, no insider trades, no shorting, no futures speculation, no splicing of loans, none of that.

SINCE the utilization of all the above tools, your countries are more and more unstable, unequal, indebted, and now poorer.

Enjoy your capitalism.
40 Acchiappaladri (#) Oct 21st, 2013 - 06:07 pm Report abuse
Great!
Argentina is becoming more and more prosperous?
So why waiting longer? What's the problem? Please use just a little bit of your nation's wealth to pay your debt to me and a few other tens of thousands creditors around the world. Thank you.

Please check:
“Supreme Court Moves Us Closer To Holding Deadbeat Argentina Accountable”
by Doug Bandow
www.forbes.com/sites/dougbandow/2013/10/21/supreme-court-moves-us-closer-to-holding-deadbeat-argentina-accountable/

A well written and updated introduction to the greatness of today's Argentina for laypersons.
41 yankeeboy (#) Oct 21st, 2013 - 07:38 pm Report abuse
39. We are enjoying capitalism. Thanks!
Your lack of history and poor education is why you think the world should return to Mercantilism.
If the world still worked like it did when that was around Argentina would be run by UK or the USA and have gunboats in its harbor and troops in in its streets to gaurantee she pays the bills and to control its population.
Gads don't you harp on and on about Colonialism.
Sheesh

Your youth and lack of education is apparent more and more everyday.

On second thought you'd be much better off and at least have some hope for a better future if you ceded sovereignty to either the UK or USA.
Think about it and get back with me.
42 Conqueror (#) Oct 21st, 2013 - 07:43 pm Report abuse
@16, 19, 21, 23, 27. Why do you bother “talking” to TiT? He's not THAT funny. Surely you understand that he couldn't tell the truth if his life depended on it? Come to think of it, I wonder if his life does depend on what he writes?
@30 Sorry to disappoint you. Here in the UK, my standard of living isn't worse. I have my fully paid-for house valued at over £340,000. I have my 2002-registered BMW 5-series, reckoned to be the best vehicle BMW ever made. All my bills are paid. I can drive down to the supermarkets and buy whatever I want. I have around £35,000 in the bank. Earning more money. Probably another £30,000 to come. Then there's the shares. I have my pension every month. I have 3 computers in current operation on an LAN. I have possibly the biggest television you have ever seen. Plus more televisions in 2 bedrooms. I employ a gardener. Does that sound like my standard of living is worse? Of course not. It's just what you'd like to think. But how about you? Still living off mummy and daddy, are you? Got a job? I mean a real job. Not your Campora “sideline”. Do you just do internet crap or do you get out with your mask and lump of wood and beat people up as well? Does it make you feel “good”?
@33 I think you'll find that “Dany” is female. However, unlike “Anglo” women, argie females only have certain skills. Repeating anything they are told is one such skill. Others are flashing their tits, taking their clothes off, bending over and spreading their legs. They are also very keen on “eating” sausages. “Dany” isn't in argieland. She's off somewhere demonstrating her “skills”. Very good at stag nights. Five at a time is the norm!
@34 Any chance they could be persuaded to do the “right thing” and shoot themselves in the head?
@39 You need to read up on “mercantilism”. “Mercantilism was a cause of frequent European wars in that time and motivated colonial expansion.” You go ahead and have your wars. Don't bother with the expansion. Nowhere to go!
43 The Truth PaTroll (#) Oct 21st, 2013 - 07:44 pm Report abuse
Funny, last time I checked you were the laughing stock of Earth because you have no functioning government.

And have had no budget for years.

You coudn't hold Argentina for a day, you have to borrow all your money to make war now. That's why you had to leave the Middle East, credit card hit the limit.
44 yankeeboy (#) Oct 21st, 2013 - 08:17 pm Report abuse
43. I am very happy with the way my gov't works. It is working as designed. What do you want a Prez with absolute authority that rules by decree? Good gracious what happen when her brain is filled with holes from all the lithium?
We have a budget how do you think the gov't has been running for all these years?

Our credit card is just fine. Don't worry about it. There's plenty of people that want to loan us money. How about you?

Maybe if you picked up a history or economics book you'd be able to understand why we all look down on you.

The best you can hope for is to work at the front desk of an American Hotel Brand for the rest of your life.
And your children will dumber and poorer so I guess they'll be lucky to clean the rooms if you can even get them a job.
45 Gonzo22 (#) Oct 21st, 2013 - 11:01 pm Report abuse
When you want to know what's happening in the UK, visit mirror.co.uk www.mirror.co.uk/news/uk-news/homeless-live-shipping-containers-up-2475815
www.mirror.co.uk/news/uk-news/daniel-kawczynski-mp-told-one-legged-2477833

It seems another world so different form the world our British commentators live in, but no, it's the good old UK, the country of Charles Dickens, the land of Oliver Twist. These commentators are like an amoeba, when you read their comments you wonder if they are people, or bots, or something else.

@44 Don't forget that you are very special.
46 yankeeboy (#) Oct 21st, 2013 - 11:05 pm Report abuse
45. You do realize that shipping container homes are all the rage right now with the greenies.
design-milk.com/12-homes-made-from-shipping-containers/
Some are actually pretty darn cool.

They're certainly better than most of the middle class Rgs houses I've seen.
47 Troy Tempest (#) Oct 21st, 2013 - 11:05 pm Report abuse
Nostril

You and your, “we don't need the EU trade deal”.

Yankeeboy might be quite right, too. You have a bright future following your proposed path.
When the AR Peso inevitably devalues er 'corrects', and 'real' wages fall, even the Bolivians that you despise, will be able to flock to Argentina for a cheap holiday.
By then, the Italians, Spaniards, and other foreigners, will run all the resorts, part of a “joint venture” with your government.
Your English 'skills' would stand you in good stead as a front desk clerk.
A better lot than your contemporaries - the Bolivian tourists will enjoy ordering their 'real Argentinian waiter' looking after their whim.

For the sake of honest working Argentine families, I hope that is not true.
48 yankeeboy (#) Oct 21st, 2013 - 11:10 pm Report abuse
47. Troy, I've been saying for awhile Rgs are going to look at the Paraguayans and wonder how they go so rich and the Rgs got so poor.
49 ElaineB (#) Oct 22nd, 2013 - 01:23 am Report abuse
TTT, you have a lot of ideas but what do you actually do? Are you hoping to run for office and implement some of your idealism? I ask because you imply that you speak for all Argentines but I have never met one who shares your opinions and your government does the opposite.

In general and to be fair, our next generation may be the first in decades to achieve a lower standard of living than their parents. However, considering the very high standard of living enjoyed by so many and the sense of entitlement amongst school-aged children, it might not be such a bad thing.
50 DanyBerger (#) Oct 22nd, 2013 - 05:17 am Report abuse
@yankeeboy

You have no clue about what are you talking. I said little and medium size companies in the industrial and service sector and you come out with storefronts vacancies in Santa Fe Avenue.

BTW wtf is “engivines”? spanglish?

@Welsh Wizard

Can you post your comment again but this time in proper English please?
Than you...

@andy65

I used 1.3% growth in the article you linked says 1.2%...

I guess I have to downgrade my expectation of the anaemic growth of UK. BTW what kind of growth is increase of property price? Are these guys joking? Are the same house that cost more due to inflation or lack of offer an rise for demand what also rise inflation. So after a deflator for UK economy G may be the result will be negative.

@CabezaDura

Argentina economy is far, far much bigger than Colombia economy.

In fact Venezuela’s economy is bigger than Colombia economy.

In GDP measurement inflation is not counted so you have to use a deflators or constant price. Currently for Argentina is used “base 1991 constant price” to calculate GDP.

In nominal GDP using a USD as the reference currency also you can get distortions as the currency can be over valued or undervalued like was the case of China.

Stop listening Cavallo and reading the crap of “Clarin Miente” y “La Destrucción de Mitre” please...

@yankee bobo

What you are enjoying now is “Debtalism” oh! I have created a new term for economic jargon....

Debtalism © all rights reserved Dany Berger corp.

To the envious losers Brits wannabe here I suggest to find a job and work hard if you want to get out of misery and poverty in Ukistan to avoid to end up living from handouts and in those shitty containers for dogs and eating kebabs all day.

Such a mess Britain once a commercial and military power and now with living standards like in the poor 3er world.
51 reality check (#) Oct 22nd, 2013 - 05:28 am Report abuse
Lmao, by far his best to date.

Keep it up lad, the comedy on here has been a bit slack lately! and who said Canadians can't do comedy? you show em!
52 Anglotino (#) Oct 22nd, 2013 - 06:28 am Report abuse
Agree with the above, Colombia is indeed the third largest Latin American economy behind Brazil and Mexico.

While Argentina has slipped to third in South America, I think that Venezuela is slowly slipping behind Chile to become 6th.
53 DanyBerger (#) Oct 22nd, 2013 - 09:22 am Report abuse
@Anglotino

Bigs economies in Americas
Top 5
US
Brazil
Mexico
Canada
Argentina

then
Venezuela
Colombia
Perú
Chile
54 yankeeboy (#) Oct 22nd, 2013 - 11:08 am Report abuse
Dany, If small-mid sized companies are now doing well, why oh why has the real estate market continued to fail? Why are there shops closing all over the cities/provinces? Why are exports down? Why is the peso crashing? These are not signs of a good economy.

Do you see this?

I think you are too stupid to understand that what you believe is undercut by facts. I guess you are really an Rg,
55 Anglotino (#) Oct 22nd, 2013 - 02:06 pm Report abuse
Sorry Dany

But Mexico's economy is not larger than Canada's.
Peru is definitely not bigger than Chile.

Oh and Argentina is no longer 5th.

Easy to see how confused you could get though. I've never seen anyone swallow propaganda as easily as you.
56 DanyBerger (#) Oct 23rd, 2013 - 02:48 am Report abuse
@yankeeboy
Again little and medium size industrial and service companies are doing quite well and driving economic growth.
About the real estate sector the information that I have is just from my own experience and friend working in the sector doing consultancy service to banks, investor, etc.
The market in CABA (main city of Buenos Aires) was driven since long time ago buy speculation where some bough apartments inflated paying hilarious prices waiting to get huge profit selling it later especially to foreigners or the new rich from the soy boom. Now the market is saturate and none is willing to pay that prices.
I also have storefront for rent outside CABA and I always have them rented or hired and in fact I get more $$ than having apartments in expensive area of CABA.
As Manhattan does not reflect the whole picture of US CABA (Buenos Aires main city) does not reflect the reality of Argentina. Where I have my stores rented construction is booming every day you can see new building finish.
So your reality from Clarin Miente, La Dectrucción tanking from 4 real estate operators that buy adds from them is just that like the samples of inflation they got from Las Cañitas y Palermo.
Tings are always much more complex.

@ Anglotino
The economy of Perú is bigger than Chile in terms of real output (Produce more good, services, etc) eliminating the distortion of currency exchange value (What matters like inflation).
Mexico the same is far bigger than Canada.
Then you have countries like Canada, Australia, etc with an over valued currency that boost artificially GDP but what only grows is the value of the currency. That is not growth as the economy produces the same until get anaemic.
And Argentina is still the 5th economy in the Americas, the 2nd largest economy in SA and the 22 bigger economy in the world and rising.

To have just an idea, what produce Chile as GDP nominal in USD is less that the GDP of Buenos Aires.
No much to say I guess...
57 Anglotino (#) Oct 23rd, 2013 - 04:47 am Report abuse
Aaah Dany. You're talking about PPP!

Thank you for that.

While currency fluctuations distort nominal GDP it is unfortunate for you that inflation distorts GDP PPP.

And guess who has sky high inflation....

Argentina AND Venezuela.

And who lies blatantly about it?

Tsk tsk.... Argentina.

10 peso to the US Dollar = smaller GDP than Colombia.
25% inflation = smaller GDP than Colombia.

It's alright Dany, Argentina is supposedly happy with this situation. That's what you keep saying. Nostrils too. Also Think. And half a dozen other Argentineans.

They're extremely happy with their continued economic irrelevance and decline.

And Colombia, with the Americas 5th largest population now has the 5th largest economy.

Oops, guess you chose the wrong country. I'll think of you when I move to Colombia next year. PMSL.
58 DanyBerger (#) Oct 23rd, 2013 - 07:23 am Report abuse
@Anglotino

I’m very happy in Argentina and I hope your are happy in wherever you are too.

Thank you for you concern
59 yankeeboy (#) Oct 23rd, 2013 - 03:23 pm Report abuse
Dany, You are a liar plain and simple. I have friends in Argentina and they are terrified of what is happening. Terrified.
If your business is going well good for you
There aren't many of them as evidenced by the simply awful stats that anyone produces other and INDEC.
Unless you're in Govt you are poorer now than you were last year
It will get even worse next year
60 DanyBerger (#) Oct 23rd, 2013 - 11:43 pm Report abuse
@yankee bobo

always basing your fact in “friends”, comment from others, Clarin Miente, La Destruccion“, etc.

You ”Bobo” where predicting default for Argentina since more than a year ago here and? the only country I see near default las week was USAMEX.

Until now the only liar here seem to be you and your govt.

Tijuana never was so close to USAMEX than now...
61 Anglotino (#) Oct 24th, 2013 - 03:39 am Report abuse
Oh Dany I am extremely happy in Australia enjoying a standard of living that few countries do. And that I know you definitely don't.

I'm sure I'll be just as happy when I move to South America's second largest economy next year.
62 St.John (#) Oct 24th, 2013 - 07:52 am Report abuse
@ 26 The “Truth” Idiot who - on October 21 - wrote “WINTER! WINTER!”

Spring started 21st September, a month ago.

Here in Mendoza we expect 29 to 32 °C during the next week - and Argentine economy is doing great, I just got AR$ 9.55 for 1 US$.

“WINTER! WINTER!” - tsk! tsk!
63 DanyBerger (#) Oct 25th, 2013 - 04:44 am Report abuse
@Anglotino

Really? about what standard of living are you talking about?

Last time I remember that you have declared to be unemployed and classified as poor in Australia because you where again studding or Stunning (No sure yet) and living in those bunk beds with 1 bedroom and 20 tenants almost from China.

“I'm sure I'll be just as happy when I move to South America's second largest economy next year.”

Ah! well I Expect you will be happy in Colombia so...
64 Anglotino (#) Oct 27th, 2013 - 11:27 pm Report abuse
“ 'I'm sure I'll be just as happy when I move to South America's second largest economy next year.'

Ah! well I Expect you will be happy in Colombia so...”

Thanks for accepting that Colombia is indeed South America's second largest economy. PMSL and you chose a country with 25% inflation.
65 DanyBerger (#) Oct 28th, 2013 - 12:56 am Report abuse
@Anglotino

Did I say that? nope

Just I hope the best for you in Colombia because seem is the placer you are planning to go. Am I right?

I'm still living in the 2nd bigger economy in SA.

This remind me old joke performed by Benny Hill “the Guru”

Your father is in Europe...
No sir you are wrong my father is dead..
Your father is in Europe, he replies...
No, no my father is dead...

The husband of your mother is dead, your father is in Europe...

Ha ha
66 Anglotino (#) Oct 28th, 2013 - 03:06 am Report abuse
I've got a better joke:

“Argentine economic activity grew 4% in August from the same month last year, the government said on Friday”

As you are part of the joke you might not get it.

But the rest of the world is pissing itself laughing.
67 CabezaDura (#) Oct 28th, 2013 - 03:50 am Report abuse
@DanyBerger. Richest countries by CFK

www.youtube.com/watch?v=-iubXSnJkg4
68 DanyBerger (#) Oct 28th, 2013 - 07:01 am Report abuse
@CabezaDura

Ah! would like to be like USAMEX right?

www.youtube.com/watch?v=SutshaFS3lk
www.youtube.com/watch?v=CnnOOo6tRs8
www.youtube.com/watch?v=mOvXs-Fk72s
www.youtube.com/watch?v=1owwvwi6t30
www.youtube.com/watch?v=tGxKdDinkKk

www.youtube.com/watch?v=VxDnlvbLr0Q

www.youtube.com/watch?v=ndanGXV_uYU

www.youtube.com/watch?v=UmKUG-xurQA

Miami
miami.metblogs.com/2007/01/09/in-a-shanty-town-outside-of-downtown-miami/

Do U wanna buy a property there?
www.youtube.com/watch?v=tROppnMBzco

www.youtube.com/watch?annotation_id=annotation_118457&feature=iv&src_vid=tROppnMBzco&v=h0fD20OueDw

Do you want to see poverty from Europe?

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