MercoPress. South Atlantic News Agency
Argentine economy picks up strongly, forecasted to expand 7% in 2010
Argentina's GDP will reach 7% this year based on a strong domestic demand, Economy Minister Amado Boudou said on Wednesday. The announcement follows earlier in the week reports that the Consumer Confidence index ICC has increased 2.9% in July over a year ago. Read full article
Comments
Disclaimer & comment rulesAnd then some people ask me....... Why do you side with the Kirchners....
Aug 05th, 2010 - 07:05 am - Link - Report abuse 0Since 2003 they have turn this Country around.
They have abandoned Argentina’s isolationistic policies and integrated us with the rest of South America.
They have created a social security system that is working in practice helping kids go to school with full bellies.
They have focused on primary production not financial speculation.
They have created industries and employment.
They have given 6 million Argentines their state pensions back after the “private sector” disappeared with their money.
They have taxed the “Untaxable”.
They have touched the “Untouchable”.
They have made the impossible “Possible”.
They have reduced our “Military Institutions” to what they deserve to be: A joke and a bad memory.
And much much more....... In just seven years of government!
7% of virtually nothing is still virtually nothing.
Aug 05th, 2010 - 12:33 pm - Link - Report abuse 0And, lest we forget, the Kirchners have made millions. And plan to stay there, scooping up the cream, for at least another 10 years.
Argentina is a G20 country. So saying its GDP is nothing, is very unrealistic.
Aug 05th, 2010 - 01:26 pm - Link - Report abuse 0Harrier performing live at Spanish TV.
Aug 05th, 2010 - 01:54 pm - Link - Report abuse 0http://www.youtube.com/watch?v=w0K0wZAeMRs&feature=related
enjoy it! jaja
Think (??) - And then some people ask me....... Why do you side with the Kirchners....
Aug 05th, 2010 - 02:28 pm - Link - Report abuse 0SOME OF THE REASONS I COULD NOT SUPPORT THE KIRCHNERS:
Since 2003 they have turn this Country around. - The cost of living has gone up at least 50% and the value of the Argentina peso has lost one-third of its value.
They have abandoned Argentina’s isolationistic policies and integrated us with the rest of South America. - Isolationist policies are being increased at every chance.
They have created a social security system that is working in practice helping kids go to school with full bellies. - They stole the social security funds and are using them for their own policies. Too many children are not attending schools, and many are begging on the streets. Poverty is much worse.
They have focused on primary production not financial speculation. - They and their cohorts have become even richer through financial speculation.
They have created industries and employment. Employment is worse, and name one industry that they have created. Many announcements have been made, but little has been done.
They have given 6 million Argentines their state pensions back after the “private sector” disappeared with their money. -Totally untrue! I know one pensioner who is still waiting after two years to receive even one centavo!
They have taxed the “Untaxable”. - They have made every effort to collect money from every source than can! I will give them credit for finally starting collecting more income tax, which Argentina has historically been very slow to do.
They have touched the “Untouchable”. - This is undefinable.
They have made the impossible “Possible”. - This is undefinable.
They have reduced our “Military Institutions” to what they deserve to be: A joke and a bad memory. And much much more....... In just seven years of government! - Yes, and finally the military is run by an ex-guerrilla.
(5) Jerry
Aug 05th, 2010 - 02:43 pm - Link - Report abuse 0Even MercoPress statistics and articles show that my points are true ....
I considered for a while to invest some of my time to answer you seriously but then I reached this “specially sad” comment of yours:
They have given 6 million Argentines their state pensions back after the “private sector” disappeared with their money.
“Totally untrue! I know one pensioner who is still waiting after two years to receive even one centavo!”
Really!... .....You know 1 (one) pensioner who is waiting for his pension?
You know him personally? ONE!
WooooW !!!
How can I take You seriously?
I may know more Argentina pensioners than you do. This one is the only one whom I know that has not received anything since he filed his retirement papers two years ago. And I know many who are still waiting to receive increases which they have been promised.
Aug 05th, 2010 - 03:19 pm - Link - Report abuse 0(7)
Aug 05th, 2010 - 03:41 pm - Link - Report abuse 0Six (6) million would have NOTHING today if the Kirchner's Government hadn't “recreated” the State Pension System destroyed py Carlos Saul Menem's privatizations.
Don't you remember the Panic years ago when one after the other Private Pension Fund bankrupted?
Many of the owners and directors of those “cracked” Pension Funds are mysteriously today living the sweet life in Miami and criticizing the Kirchners!
@4 Nico. Still trying to reach the achievement level of a cretin, I see.
Aug 05th, 2010 - 04:39 pm - Link - Report abuse 0And failing!
(4) NicoDin
Aug 05th, 2010 - 04:45 pm - Link - Report abuse 0One of your few good Youtube postings.
The resemblance is incredible :-)
Think - We are not talking about any pension funds that were “cracked ”, with owners and directors living the sweet life in Miami. We are talking about the Argentina pension funds, which were so well taken care of by the K government that they recently announced that giving persioners 82% of the minimum wage could not be done. Why? Because there are not enough pension funds to pay for it!
Aug 05th, 2010 - 08:52 pm - Link - Report abuse 0Just announced 22.5% minimum wage increase for 3 Unions, which means 30% inflation this year. Idiots.
Aug 05th, 2010 - 10:43 pm - Link - Report abuse 0Don't you remember what happened last time inflation got our of control? When will Argentina ever learn?
(11) jerry
Aug 06th, 2010 - 04:40 am - Link - Report abuse 0Yes... that's exactly what I am talking about.......
in 2003-04 the whole Private Pension System in Argentina had cracked or was on the way to do so.
The few surviving Private Pension Funds where announcing rises up to 200% in their installments.
Nobody would be getting any pensions today if the Argentinean Government had not recreated the State Pension system.
I am not talking about forecasts, suppositions, or opinions on the retirement system; I am talking about FACTS!
Aug 06th, 2010 - 05:16 am - Link - Report abuse 0And the FACT is : Without the Kirchner's government intervention, we would have NO pension System in Argentina today.
Aug 06th, 2010 - 06:15 am - Link - Report abuse 0@Jerry
Aug 06th, 2010 - 09:49 am - Link - Report abuse 0Where are you from? Jupiter?
The facts!
Private pension funds never worked the first well know case was the pension fund ran by Maxwell Group in Britain.
That after Mr. Maxwell death the group collapsed and all the fraudulent operations were showed up.
The man was taking fund from pensioners and the money disappeared.
Many pensioners in US and UK are worry about what would be they future due to bad investment made by pension funds managers.
Private pension funds are a Ponzi scheme the only ones who can get profit are the groups that administrate the funds.
Bernard Madoff had showed how easy is to pass SEC’s control in US the guy was inventing profits that never happened but just in paper. Everyone was rich until the scam was known.
In Argentina JP Morgan and Clarin Group were found manipulating shares prices, the funds were buying shares of Clarin Group to $30 when the real value was $6. A clear scam against the pensioners.
So my question for you is are you so bad informed and naive to say what you said or you are a pension fund manager jobless?
I guess is the 2nd.
The Ks got another U$ 28B to play with plus the ongoing monthly pay-ins are now Govt Revenue and not in private hands. Sweet deal for the Ks not so good for the people. AND the gov't has controlling interest and board seats on companies the private pensions used to have. More Gov't control =less freedom or don't you care? And you wonder why there is no private investment in your country. You don't respect any of your own laws or private property rights. Laws are whatever the current crook (president) wants them to be.
Aug 06th, 2010 - 12:51 pm - Link - Report abuse 0At least those U$ 28B you mention are in Argentina paying peoples pensions and not in Miami financing drug smugglers.......
Aug 06th, 2010 - 01:28 pm - Link - Report abuse 0How can you prove that? It's probably in one of the Ks Swiss bank accounts with the oil royalties they stole.
Aug 06th, 2010 - 01:38 pm - Link - Report abuse 0Always the same with you Fox people.....
Aug 06th, 2010 - 01:52 pm - Link - Report abuse 0You are always asking for proof.....
Only problem is....... that if it is not on Fox Channel, it is not the truth!
Why don't you buy some of Glenn Becks gold-coins ?
http://www.prosebeforehos.com/image-of-the-day/07/31/5542/
More our fellow recalcitrant anti-argentine british/american coforists mates talk crap about kirchnerism & peronism (if they were two different things, i think they are not) more I like our actual political situation.
Aug 06th, 2010 - 04:41 pm - Link - Report abuse 0Mercopress, thanks to pleople like fredbdc & others, has became a machine to produce more and more kirchnerists voters...thank you very much...please keep your hard task alive, don´t stop it.
(21) Billy Hayes
Aug 07th, 2010 - 06:37 am - Link - Report abuse 0Quite right..... Sometimes when I read comments in here from people that criticize our government I ask myself: “What is this guy talking about?”
A quick “reality check” later, I am reassured that they are talking nonsense :-)
Just today.... Some news/rumors are emerging that those three “Ugly American Rating Agencies” are re-rating Argentina next week.
Guess in which direction :-)
TO JERRY and moron FREDBDC.
Aug 07th, 2010 - 11:24 pm - Link - Report abuse 0I have too many reasons to not to vote the kirchner in 2011, but i have reasons to recognize so many achievements that we had since 2003.
As usuall the knowleadge of both like many of your compatriots is reduced and ignorant, firstly in 2003 our unempolit and poverty's line were 22% and 55%, now they are 10%, and 23%, (by private stadistics), beside now te workers represent the 43% of the national rent, in 2003 they represented 34% (by private stadistics), on the otehr hand, it has highest incomes of latin america, and it's the equalest nation of the region, my country had lost that place in 1994 because of the neoliberal politics, and the irrisponsable governments.
Regarding the industrial recovering, a lot of industrys could reopen their doors, and new factorys were incorporated too, thanks to te full support of the centarl bank to the productive sector, beside we have again a new reocrd of reserves in the central bank for more of 50 thousands million dollars.
The economy grown with hight levels since 2003 untill 2008, and now we are recovering that level, and as you can see it's forcasted to grow a 7%.
On the other hand, a lot of scientists could come back to argentina thanks to the full support and investment to the science and technology that we have since 2003.
Beside we had to interchange of debt, with the last one we could interchange more than the 92% our debt, and the porcentage of it with national product diminished since 2003 from 150% untill 49%.
Anyway we ares till a very unequal society, we have mnay serious problems, beside i dont want a governmnet that counterfeit the stadistics, i dont want neither a gov. that is suspected of courrption cases, that's why i wont vote the k, i hope that ricardo alfonsin wins the next presidential elections, i am sure he will be a great president.
To fred, federal camera confirmed the process in the justice in the cause of illigal spionage to your friend macri.
Hello axel dickwit. Just a simple question. Instead of “interchanging” your debts, are you ever likely to PAY them?
Aug 08th, 2010 - 03:23 pm - Link - Report abuse 0Moron HARRIER:
Aug 08th, 2010 - 10:02 pm - Link - Report abuse 0We are paying our debts, beside we could interchange more than the 92% of our debt, with that porcentage, it soposes that my country is out of default, i fact last week we used our reserves again, to pay more than 2000 thousand million dollars, and recovered again, now we have one more time more than 50000 million dollars, maybe you should inform your self better, idiot.
axel CRETIN
Aug 09th, 2010 - 08:49 am - Link - Report abuse 0Keeping your 50 billion to yourselves, because your imports are galloping ahead of your exports. Poverty-stricken immigrant colonists!
Axel; By interchange do you mean steal?
Aug 09th, 2010 - 12:59 pm - Link - Report abuse 0Let me explain to you in simple terms what Argentina did:
You borrowed U$1 from an Italian pensioner and 5 years later promised to pay them back U$0.31 for the U$1 he gave you at a lower interest rate and over a longer period of time than was originally agreed.
Your country is a thief, crook, robber whatever you want to call it.
Since 2001 you have been living on that stolen money buying consumer goods. That is how your economy is growing it's not like anyone is working harder or creating anything. It is all STOLEN and it is running out so be aware the party isn't going to last for much longer.
An european talking about robbers? JAJAJA... funny coming from someone in “pirate-land”.
Aug 09th, 2010 - 05:57 pm - Link - Report abuse 0It's OK. We understand that you're disappointed because you live in a poverty-stricken, corrupt, failed country.
Aug 09th, 2010 - 06:46 pm - Link - Report abuse 0Perhaps this will cheer you up!
http://www.youtube.com/watch?v=CeFH93vsm9Q
Moron HARRIER. Moron FREDBDC.
Aug 09th, 2010 - 10:13 pm - Link - Report abuse 0Moron HARRIER: I't 's true that our imports are growing strongly, and that's thanks to the recovering of the economy, but we still have a hight surplus in our trade.
Moron FREDBDC: I f my country stole to those pensioners like you say, there were two interchanges of debt were all those bons holdres could get into it, however a few of them decided to reject both interchanges, anyway we still have pendent the debt with the club of paris, wich will be paid in a near future.
On the other hand, if we are going to talk about thieves, your country is not much better tham that, and you know it, this is evident that you keep onbeign the same hipocryte and fascist who only tells what is convenient to hes ideological posture, now i understand why you defend strongly your macri, if you would know him well, you could realise that he is even more fascist than you, maybe you both could become into great friends.
harrier61: “It's OK. We understand that you're disappointed because you live in a poverty-stricken, corrupt, failed country.”
Aug 10th, 2010 - 07:32 am - Link - Report abuse 0Sorry, but I'm not living in UK. :)
Axel: Come on I know you aren't that dumb, yes you had two default swaps that is correct, but you swapped U$1 for U$0.31 how is this not stealing U$0.69 from whomever loaned you the original u$1? You are a teacher so I guess you can do basic math. Your government spent the interest that should have been paid on theU$0.69 on subsidies and direct payments to its population so you can consume. When that ran out they stole the private pension deposits, when that ran out they stole the reserves. Each time they have converted U$1 to peso and it has flooded your economy with pesos, that is where your inflation is coming from. Where do you think all of this $ is coming from? I know you are not stupid so you are either blind or extremely naive.
Aug 10th, 2010 - 10:27 am - Link - Report abuse 0The basic food basic went up 35% this month, your economy is overheating and is going to have a hard landing. All of these gains you think you have made are false and you will be worse off than you were in 2001 when it eventually collapses.
Hmmmmm....
Aug 10th, 2010 - 10:41 am - Link - Report abuse 0Who can we trust about the economic situation of Argentina?
The three biggest American Credit Rating Agencies : “Fitch”, “Moody's” and “Standard & Poor's”.
Or
fredbcd.........
Tough decision :-)))))))
Dunno what was the bond rating in 2000? About the same as it is now? Were they right then?
Aug 10th, 2010 - 11:05 am - Link - Report abuse 0Uhhhhhhh.........
Aug 10th, 2010 - 11:21 am - Link - Report abuse 0Today is the 10. August 2010 ..........
What happened “suddenly” with the Argentina's economical cataclysm???
The Dog doesn't dare to bite his Masters???
Good Dog!!!
http://www.highbeam.com/doc/1G1-62437754.html
Aug 10th, 2010 - 11:37 am - Link - Report abuse 0This was from mid-2000 remember your crash was 2001 so how accurate do you think the bond rating agencies are?
If you are trying to be clever whatever the above message means in spanish it doesn't translate into English.
You say:
Aug 10th, 2010 - 12:08 pm - Link - Report abuse 0“....How accurate do you think the bond rating agencies are? ”
I say:
Hmmmmm....... An educated guess?...... More or less 100 million times more accurate than “fredbdc”...
Go.... lay down in your corner and learn from your masters......
100 million billion, are you 4? Go give the locoturio guy another peso so you can post some more valuable insights.
Aug 10th, 2010 - 01:32 pm - Link - Report abuse 0CRETIN axel. Are you ever going to wake up? How are you getting on matching your 22% pay increase against the 35.9% increase in the cost of the CBA?
Aug 10th, 2010 - 02:27 pm - Link - Report abuse 0Argentino. We're glad you don't live in the UK, as well! Do try to stay as far away as possible. Don't need any more peasant immigrants.
The same to you, finally we understand each other. :)
Aug 10th, 2010 - 05:15 pm - Link - Report abuse 0Glad to help. You stay on your land. We'll stay on ours. All of it.
Aug 10th, 2010 - 07:05 pm - Link - Report abuse 0FREDBDC. Moron HARRIER.
Aug 10th, 2010 - 08:34 pm - Link - Report abuse 0FREDBDC: I know that when the firts interchange was launched there was an acquitance of 70000 thousands millions dollars, i dont how much was exempted in this new interchange, beside i am not economist, i only can say what i read, and what i prouve in the reality, our economy growns with a hight inflation level since 2003, we have rases in our salarys everyyear, most us dont loss our capacity to consume, beside at the same time, i heard since 2003 that my country is going to fell next year, nothing of what those idiot liberal economists say finally happened, in fact the crisis of last year, was a joke for us if you compare it with others crisis that we had in the past, for much less of the crisis of 2009, more than one president anticipated hes out of the power, on the other hand now we have a record of reserves in the central bank, wich paralizes any onset of the prize of the dollar, even the nost conserveness economists affirm that theory, so, dear fred, your desperate wish of a new bankarrupty for my country will have to wait, anyway inflation level is something that the gov. must solve, the level of july was 1,7, and for the the first 6 monthes it increased 13%, it's forecasted to diminished for the second half of 2010 (by private stadistics).
Moron HARRIER: Read what i typed for fred, and you'll find the answer to your question.
Axel, One of us will be right next year and one of us won't. History tells us who will probably be correct time is on my side not yours.
Aug 11th, 2010 - 12:58 am - Link - Report abuse 0(43)
Aug 11th, 2010 - 07:57 am - Link - Report abuse 0And that's what you, pathetic self-proclaimed “economical experts” have said in 2003... and 2003... and 2004... and 2005... and 2006... and 2007... and 2008... and 2009... and 2010... and.................
Fresh news from TODAY 11/08/10
http://en.mercopress.com/2010/08/11/private-sector-anticipates-strong-performance-of-argentine-economy-in-2010-11
Go to your corner, stay quite and hold your breath until your predictions come true :-)))))))
I think the predictions didn't anticipate your government stealing private funds which pushed the crash out for just a little while longer.
Aug 11th, 2010 - 11:23 am - Link - Report abuse 0U$28 B from the private pensions alone can last a good while in such a small economy. Believe me everyone is watching and waiting this is a text book case that will be taught in economic classes as what NOT to do to an economy. What I don't get is you KNOW your economy is cyclical far up/ far down for the last 200 yrs why do you think this time is different? What changed? Did you invent something or discover something that is bringing you additional revenue, NOPE it has just been from the stolen hard currency that turned into pesos.
!!! 2010 predictions didn't anticipate facts that happened in 2007 /2008 !!!
Aug 11th, 2010 - 12:01 pm - Link - Report abuse 0Does that make sense???
You say:
“Believe me everyone is watching and waiting” ..........
Ermmm.... No, I don't belive you.......As I said before:
Go to your corner, stay quite and hold your breath until your predictions come true :-)))))))
@42 CRETIN axel. You haven't typed anything worth reading yet!
Aug 11th, 2010 - 12:31 pm - Link - Report abuse 0@44 Twinky “in 2003... and 2003... and 2004... and 2005... and 2006... and 2007... and 2008... and 2009... and 2010... and.................” How many times do you want to have a year? Until you get it right?
@46. 2010 isn't over yet!!!!!!!!!
“belive you”? “Belive”? Belove“? Belave? ” stay quite” Quite what? Quit? Que?
Must try harder.
CFK announced that the economy is really growing as evidenced by the number of new floors in Villa 31 the HUGE slum located in Buenos Aires near Retiro. What a stupid stupid lady. This isn't a joke and you can't make this stuff up! HAHAHAHA. All of this while at the same time building are collapsing killing people. It is a terrible tragedy waiting to happen. The Police are too scared to go in so everyone turns a blind eye.
Aug 11th, 2010 - 01:30 pm - Link - Report abuse 0Boooooring .....
Aug 11th, 2010 - 03:12 pm - Link - Report abuse 0What has a Shanty Town in Buenos Aires to do with Argentinean macroeconomics?
Ignorant little man that “Thinks” he is somebody because he has been on a jetplane......
Doggy Pooo......
So there are shanty towns In Buenos Aires!! You should spend more time there, Twinky. Helping the needy!!
Aug 11th, 2010 - 04:47 pm - Link - Report abuse 0very posh
Aug 11th, 2010 - 06:48 pm - Link - Report abuse 0http://en.wikipedia.org/wiki/Villa_miseria
What does a huge (one of many) shantytowns have to do with macro-economics? I dunno maybe if things were as good as you and CFK are touting they wouldn't be growing at a tremendous rate? People actually could live like humans instead of wild animals. Are you embarrassed because this is where you locoturio is located?
Aug 11th, 2010 - 11:32 pm - Link - Report abuse 0Argentinians are very embarrassed about the slums. What is kind of amazing there are a number of them located near what they consider posh areas. Of course the posh parts are behind tall walls with guards.
Here are some more pics and some interesting tidbits
http://ferfal.blogspot.com/2010/04/villa-31-shanty-town-growing-at.html
I guess if you can build up 5 stories you are “rich as an ”Argentine”
@ fredbdc
Aug 13th, 2010 - 12:18 pm - Link - Report abuse 0Hey mate you show the same villa 31 all the time there are 50.000 people in a city of 13 million and 80% are illegal immigrants.
Ok this is a shame and a political problem they don’t want to go and want a house there and Macry is not going to give a solution. What do you expect?
But at least we don’t kill them as you do with the Mexicans boy.
http://www.youtube.com/watch?v=bjchXT0lpZ0
In US and in your shantytowns or tent cities the people there are 90% Americans.
http://www.youtube.com/watch?v=bjchXT0lpZ0
http://www.youtube.com/watch?v=bjchXT0lpZ0
In UK http://www.youtube.com/watch?v=bjchXT0lpZ0
This is the way you tackle the problem in US http://www.youtube.com/watch?v=bjchXT0lpZ0
So tell me do you think that these people in villa 31 will be much better in US?
Don’t be silly and hypocrite US its worse than Argentina now even if has a GDP of 14 trillions.
Misery is everywhere and always was in US. Why are you so shocking about the villa 31?
LOL! I love that UK video, labeled Empty stomachs, one of the people in the video is about 21 stone.
Aug 13th, 2010 - 01:07 pm - Link - Report abuse 0Also, in one post a few months ago you guys were going on about america being the fattest nation on earth, Now they're all hungry and have no food.
Nico gets his world view from youtube. I am sure he is too poor to travel to the US or UK to really see for himself what is going on.
Aug 13th, 2010 - 01:42 pm - Link - Report abuse 0There are plenty of Argentinian slums to show images of you don't have to see just the ones from Villa 31 just to a google search.
If Mexicans are dumb enough to throw stones at a ICE boarder guards they get what they deserve, a bullet in their head. I am for militarizing our boarder with Mexico. They should be much stricter with the illegal crossings. The Congress just authorized predator drones for the border so that should take care of some for the problems shortly.
Also FL Police are going to start asking for valid ID and green cards so you may soon see a lot of your illegal Argentinians coming home. I think there are 250K in Miami Metro alone! I find it funny that they are still here when Argentina is supposedly doing so well and we are doing so poorly. Hmm wonder why?
@fredbdc
Aug 13th, 2010 - 03:47 pm - Link - Report abuse 0“Nico gets his world view from youtube. I am sure he is too poor to travel to the US or UK to really see for himself what is going on.”
1. I never go to a destination that requires me to have a visa, my money talks.
2 – I don’t need any visa to enter to US sorry mate : ) but I prefer Northern Italy, France, Germany, Spain and UK without some obvious fellow trolls. Is more interesting to me and now I’m interested in China.
3- No problem send all Argentineans back to where they belong (here) including the very rich with investment in Miami as properties and owners or corporation. You will see how sad will become miami after the deportation and how rich we will become after the capital repatriation.
4- Stop to bomb us all the time with travel offers to Miami, you seem very desperate to convince us to go there. We can avoid troubles on both sides.
A good sign like dogs and Argies not welcome in your US Embassy will help a lot.
5- About your border, yes a very good idea and make sure you cannot get outside either else we will put a ring around you to make sure to keep you in your own land we think in the same way in this issue.
We will encourage the Mexican to take the job of shooting you every time you get outside of your borders. Anyway they are making a good job when you go down to Mexico for cocaine.
If you know Argentina as you said you should know that we are more concern about Brazil, Venezuela, Cuba, Ecuador, Colombia, Chile, Peru, Uruguay, Paraguay, Mexico, etc. than US your time expired long time ago.
Now that we have establish the rules my questing is there is a way to get rid of you or is too much to ask?
President Bush was so easy to kick his butt back to US but you seem a serious case why are you so interested on us?
Don’t worry I found a site for you http://www.ilovemiamimovie.com/
FREDBDC:
Aug 14th, 2010 - 12:28 am - Link - Report abuse 0You are right, time is allways on your side, that's why you could warn succesfully your own crisis, and surelly it didn't prejudice so much your economy, please, when you leave your idiot haughtyness and resentment behind, maybe we can debate maturaly, you think that only your truth is valid, in my case i have always recognize the good and bad side of my country, and i recognize too the serious problems that we have yet.
Regarding what you say about the bon holders, maybe what you say is trith, but the growth of our economy is not based only on what we dont pay to those bon holders, our economy is based mostly on the comoditys exports, and the metal mecanic industrys, that' the main reason why the gov. does not want to reduce the taxes for those comoditys, so, you should inform your self better.
Inflation level is a problem that must be solved, but it forecasted to diminish for the all the rest of the year, anyway since we 2003, we have two rases in your salarys every year, that's why we dont loss our capacity to consume, beside our salarys, are the highest from latin america, beside i repeat that since 2003, any of your predictions finally happened, so, time is not always on your side dear fred, anyway in my country there are also many neo liberal gurus who predict economic disasters too, and the reality finally destroys their idiot theorys.
Axel, Take an economics class you are obviously too ignorant for me to explain how it works and I am tired of trying. It is embarrassing that you are a teacher. If your posts represent the quality of education in Argentina your country is doomed.
Aug 14th, 2010 - 03:15 am - Link - Report abuse 0BTW spell and grammar check your posts even google translate would give us a more readable outcome.
Other day he was going on about everyone in argentina getting a 20% pay rise.
Aug 14th, 2010 - 02:09 pm - Link - Report abuse 0If this is the level of teachers in Argentina no wonder they have people like Nico
FREDBDC. ZETHE.
Aug 14th, 2010 - 09:43 pm - Link - Report abuse 0As usuall it's a good strategy for you to play the victim, poor fred, he has to read the ignorant assertions of those sudacas.
Firstly like i said before, i am not economist, i only compare what those neoliberal gurus say regarding the situation of my country, and after i compare it with the reality, that's why i say that any of the prediction sof those smart diviners from your country and mine, finally happened.
So fred, keep on insulting and understimating my country all that you, but inmy case i dont tire fo answering the crap that a moron and haughty like you parrots all the time.
Maybe the day that you plural information, you can change your mind, my country is not switzerland, and it has a lot of serious problems, but like it or not is not already one more colony of your imf.
ZETHE: Do you live in argentina?, do you know how much our salarys increased since 2003?, i dont think so, you only parrot what ignorants like fred say because they are funtional to your ideological posture, if you dont live here, you can't say so much about it, you only have one side of our reality, and ignore many important facts, in the same that i can't say so much about the sitaution of the u.k., because i dont live there, you can tell me about it, because you live that reality, i only know what the newspapers say, and as we know, the press always omits
Axel it is truly amazing how naive and ignorant you are. I think you are in your mid 30s so you should remember the 5000% inflation you had when you were growing up. How do you think it started? I bet everyone was ecstatic because things were going so well, everyone getting raises and buying things, until they weren't and the system crashed followed by a severe recession. You are on the same road again but you are too blind to see it. I know my partner's extended family is not getting raises, not able to buy beef, pay for heat and they are middle class! The rich side of the family just moved to Spain (duel citizenship), they are afraid their kids will get kidnapped because crime is out of control. So it is not as good as you are saying and it is much worse than it was a year ago. I am planning on going for the month of Jan next year so I will see how much it has changed since last time.
Aug 14th, 2010 - 10:24 pm - Link - Report abuse 060 axel arg.
Aug 14th, 2010 - 11:42 pm - Link - Report abuse 0I don't need to live in Argentina to understand that when someone says everyone in their entire nation will get a 20% pay rise is telling lies.
Also, this is the age of the internet, you don't need to live somewhere to know about it such a statement shows how idiotic you are. Have you ever been to spain? if not how do you know it exists?
How do you know that your nation has a claim on the falklands if you wasn't living there 200 years ago?
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