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Montevideo, September 19th 2018 - 20:46 UTC
Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso. Read full article
This boy should man up. Stop blaming everything except your own inability.
You should be talking about this:
en tres años se cerraron un millar de fábricas (UIC)...
or how you destroyed Aerolineas...
or the tragic state of FAdeA
but, hey, just point and shout about the speculation in a parallel market that your own currency control created. That will distract those of limited understanding.
260,000 pesos for a Toyota Corolla.......what does that make the peso valued at? Enrique why don't you tell us? The blue dollar is right on.
Queried about the so called “blue” dollar, Vanoli pointed out “black markets” existed in all countries
Er... no I don't think so - I've never been aware of any 'black market' in Ireland or the UK or USA or Australia or New Zealand etc. etc.
Pretty soon his smoke and mirrors act will come tumbling down. He will still be blaming everyone else though.
The fcking Kidiots are sickening. They print 40% more pesos and they're blaming the falling peso on speculators, sheesh give me a break.
Austral Elvis is a moron. He's not qualified to work in McD in the USA.
The black market exists because most people can't get the gov't rate and are willing to pay a lot more to have something of value.
BCRA is bankrupt. They just to know it yet.
I can't wait until they're all streetfighting over the last bag of beans in BA.
Delusional, the lot of them.
Singer will be along within 2 years and he will have his money irrespective of the invective from this bunch of losers, if they can still be found alive.
The K klan are going to have a hard time stretching this circus to the elections. Any minute now Killichoff will be running to China or Russia for a quick payday loan to try and cover the bonar 2015 due soon.
He is back selling off Anses (our retirement fund) again today.
Who remembers the phrase Money talks? It's talking to Kicillof and argieland. It's saying You're a failure. In truth, Kicillof is bailing desperately hoping to avoid sinking without a trace before October. Of course, Kicillof doesn't understand 21st century economics. He's only 40 years out of date.
“Queried about the so called “blue” dollar, Vanoli pointed out “black markets” existed in all countries”
How does the black market work for $u dollars in....the USA? Does someone pay.....$1.09 for a $1.00? Is he an idiot or a moron?
Every few weeks it's reported retail sales in Argentina up....XX% and so on. I think retailers are finally running purchases through the registers. Anyone NOT from Argentina like....Enrique may not know registers are integrated into AFIP. No register sale.....no reported sales. S0 many try to run a sale without the register. Ask for a register receipt and watch them get all nasty. They will even offer a reduction for a cash sale.
I've often wondered about retail sales, you don't count by units so it must be in Pesos. If there's 40% inflation but only 15% growth in sales aren't sales falling dramatically in volume?
Yes, yes they are.
That's why even with increased $ sales there's many many many stores closed throughout the shopping districts in BA.
Same goes for tax revenue, month after month the crow that tax revenue is up, well yes it is, but its up in terms of pesos and somewhere around 2011 the tax revenues stopped being larger than the inflation rate.
Hence, they've been in recession since 2011.
Some would say Depression
So, this is another thing Kicillof doesn't want people to talk about. Don't mention the poor and they don't exist. Don't talk about the crashing peso and it isn't true. He is a child out of his depth and using childish tactics to try to run an economy.
Ugh! Still, remember him boasting that he can hypnotise CFK? Always makes me laugh.
Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar
speculators says the repugnant dwarf...
la cause is inflation, you imbecile x 1 million.
Bring back mutton chop Charlie and Mr. Sunday....
Couldn't be any worse ....
Kicmioff is a knob..!
But wait Maximus Pratius will fix everything...
If the peso is this stable and stellar currency that he claims it is, why not just let everyone exchange dollars and pesos freely?
In the normal civilized part of the world I can go to any Forex office anytime and buy as many dollars, pounds, Euros, Yen etc I can afford. And our finance minister doesn't go on the evening news and call me a vulture or speculator for doing so.
So why can't people do that in Arg?
In plain English, its everybody's else's fault except Argentina's.
I do love the picture editor. Kicillof always looks like the village idiot. CFK always looks like a good time girl way past her prime.
Kill-it-off, is destroying the Argentine Economy by way of his own hubris.
There are none so blind as those that refuse to see.
I've noticed that the Args tend to blame all of their self-inflicted miseries and idiotic mismanagement on either colonial injustice or vulture speculators, regardless of what it is.
In Arg there is no mistake too big to blame on others.
@€laine and Yankee...THere's no Accidents with Kiciloff. They're there to steal every dollar with Maduro in power and Brazil not in civil war. Why are we always calling the Kirchneristas idiots when they are making themselves multimillionaires while ruining Argentina...and latin america. Note to Chicurero about the crashing chilean peso.
”....urged businessmen, bankers and industry leaders to “avoid talking about a foreign exchange market slowdown because it disturbs people.”
Whatever goes wrong in Argentina, it is always somebody else’s fault.
the day they stop blaming others and take responsibly for their own actions, they may understand how to fix the dam mess.
After throwing away U$150MM they don't have the market rate Peso is up to 15/1 again.
When will they learn?
Maybe they should have used that U$ to allow some parts to be imported
They don't really seem to understand economics, and neither do many of my former colleagues, even those that are generally well educated. They have an irrational fear of free trade economic policies fearing they will completely destroy Argentina's economy.
Ignorance and fear of change afflict so many people. The K's are just the symptom of a much larger core problem that needs to be addressed.
@23 you can blame the military dictatorship and Menem forma that. And I assure you that Macri will do an equally bad job if he gets elected
Some economist, the answers simple.
Use your own currency to conduct business.
Oh, silly me.
You don't ferkin have one, do you?
NML is asking Griesa to rule on the alter ego status of Arg gov't for YPF, Enarsa and BCRA.
Plus embargoing the Bonar bonds
What a fun month we have coming up!!
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