MercoPress. South Atlantic News Agency
Developed countries “will try to pass the crisis down on us”, claims CFK
Argentine President Cristina Fernández de Kirchner (CFK) referred to plummeting global markets and blasted developed countries for the potential consequences of the crisis. Economy minister Amado Boudou said Argentina was closely following events with concern. Read full article
Comments
Disclaimer & comment rulesI hope this is a mistranslation because otherwise CFK appears very stupid indeed. It doesn't matter how inward looking a country is, it cannot be immune to the global crisis. That victim mentality is showing through again.
Aug 05th, 2011 - 09:14 am - Link - Report abuse 0Elaine, CFK is just going to use it, blame it for all her economic policy failures and the inflation we have here...
Aug 05th, 2011 - 10:14 am - Link - Report abuse 0[] -1 Elaine
Aug 05th, 2011 - 10:27 am - Link - Report abuse 0wanted US $ from you at hotel ??
certainly that somebody collect US $ to convert Peso !!
But I thought Argentina was also a “developed” country. A member of the G20. It used to be the 4th richest country in the world once...
Aug 05th, 2011 - 11:19 am - Link - Report abuse 0@3 Please do not address me. Your posts make absolutely no sense, are so infantile and lacking in logic that I cannot be bothered to respond further.
Aug 05th, 2011 - 12:19 pm - Link - Report abuse 0Yes, the world is going to gift wrap economic instability and going to post it to CFK with a customs certificate saying “gift, no resale value” on it!
Aug 05th, 2011 - 12:21 pm - Link - Report abuse 0My lord how paranoid and deluded are Argentina's leaders?
It is certainly interesting times on the markets. Lots of buying opportunities and then sell on the bounce!
She has a right to 'blast the developed countries' for this mess. (I want to blast them and the hedgefunds are just playing the Euro debt market like a one arm bandit). I hope CFK meant to say that it will affect developing countries too - because it already has.
Aug 05th, 2011 - 12:34 pm - Link - Report abuse 0The idea that The US and Europe can foist the problem onto Argentina alone is an interesting idea. Pure fantasy but maybe she should keep talking and we can find a way. (A joke, of course).
Lots of buying opportunities and then sell on the bounce!
Aug 05th, 2011 - 12:49 pm - Link - Report abuse 0Burst balls don't bounce !!
I can only assume that she fears the developed world will buy less Argentine products as they have less cash to spend. That's just economics and tough luck.
Aug 05th, 2011 - 01:27 pm - Link - Report abuse 0That CFK has an abrasive communications style is well known, but I don't see anything absurd in her words. Developed countries ARE trying to export their way out of economic stagnation. This means exporting to the developing world and hurting their current account balance.
Aug 05th, 2011 - 01:43 pm - Link - Report abuse 0@6
Aug 05th, 2011 - 02:02 pm - Link - Report abuse 0Beef, the Dow was down 512 points yesterday .... wtf !!!!!!
I want to make antilogical & infantil comment here !
Aug 05th, 2011 - 02:52 pm - Link - Report abuse 0Beef is ,ever so not lucrative investment at commodity markets.
Beef changed over the past year only + 10 %
Cotton changed over the past year + 79 %
Wheat changed over the past year + 61 %
Wool changed over the past year + 62 %
Errrr.... Check the prices of DES and FOGL of you want to see the bounce I was talking about. I bought a few DES and managed to sell at 15% profit today. Could have made 22% if I sold at the highest but didn't have that luck. A 10% rise in FOGL makes nice reading after a top up yesterday but they are tucked away until they drill in Q1 2012!
Aug 05th, 2011 - 03:07 pm - Link - Report abuse 0Check the market prices if you want clarification!
[]- Beef
Aug 05th, 2011 - 03:20 pm - Link - Report abuse 0you say that “ i bought DES &managed to sell 15 %profit...””
when did you buy DES ??
“will try to pass the crisis down on us” = wont buy as much or our shit
Aug 05th, 2011 - 03:52 pm - Link - Report abuse 0Argentina's problems are ALWAYS caused by external entities ever since it's inception, blame it on others! blame it on others!
Geo - I have been in and out about 12 times maintiang a core holding that is now a free ride. I did manage to buy near the bottom yesterday and shifted what I bought yesterday at a 15% return today. Like I said I could have had better but couldn't we all!
Aug 05th, 2011 - 03:56 pm - Link - Report abuse 0Why you ask? That should have been obvious from my earlier post???
We've had on Mercopress an American in the real estate business who just wouldn't admit that his business had been affected by the financial crisis. Apparently people will never admit to having difficulties, specially financial difficulties, on internet forums. I suggest people just cease to discuss personal finances - for it often seems those who do, are either lying or bragging.
Aug 05th, 2011 - 06:16 pm - Link - Report abuse 0Bragging or lying? You decide! This is the X-factor!
Aug 05th, 2011 - 06:55 pm - Link - Report abuse 0(17) Forgetit86
Aug 05th, 2011 - 08:02 pm - Link - Report abuse 0You say:
“I suggest people just cease to discuss personal finances - for it often seems those who do, are either lying or bragging.”
I say:
It seems, they fail to realize how childish they seem……..
It seems, they fail to realize that their speculation hurts their beloved British Oil Companies.
It seems, they fail to realize that their speculation hurts their beloved Falklands.
It seems, they fail to realize that their speculation hurts their beloved.
As long as they make their 15% profit.
Lying, bragging or telling the truth.
It seems, they don’t care.
What a bunch of Turnips!
#(19)
Aug 05th, 2011 - 08:37 pm - Link - Report abuse 0You love to make gossip highly ?
You must discuss the problems in person not by third persons.
typicle argentina,
Aug 05th, 2011 - 09:06 pm - Link - Report abuse 0blame the world for your own mismanagment,
she is screwing her own country, and blaming others,
and her trusty bloggers who are the most loyal of mloes, try to intimidate others , to cover up the truth,
but then again, argentina always tells the truth, does she not,
and its all the fault of the british, is it not,
bla bla bla, you all wished we went down hill,
and now you are also feeling it, its not so funny is it .??
For the british gambler bragging/lying/crying above about making a 15% profit
Aug 06th, 2011 - 12:48 am - Link - Report abuse 0Breaking news
“Rating agency Standard & Poor's says it has downgraded the U.S. credit rating to AA+ from its top rank of AAA ”
I read that the Yanks are fighting it, just in case keep you diaper on...a new one please.
Seems like we need a bigger and deeper ,much deeper ,ash cloud
Aug 06th, 2011 - 09:37 am - Link - Report abuse 0Argentina's debt to GDP - both public and external debt - is still far lower than the US's or the UK's.
Aug 06th, 2011 - 10:14 am - Link - Report abuse 0Some perspective here. AA+ is not a bad credit rating. Sure it means the US will have to pay a slightly higher interest rate but we are not talking a credit rating of a developing country.
Aug 06th, 2011 - 10:21 am - Link - Report abuse 0This whole issue is about slapping the US government for their terrible behaviour holding the world's economy to ransom over a domestic spat.
(S&P were the credit ratings agency that gave AAA approval to the sub-prime market)
is still far lower than the US's or the UK's.
Aug 06th, 2011 - 11:43 am - Link - Report abuse 0but your income is far lower is it not,
and your expences are far lower is it not,
do you know how much it is to keep paying these MPs
loads a money,
now are you glad you dont have our debts,
and you dont want our debts either
but then again if argentina was truly friendly
you could always pay some for us lol.
CFK will pass. Argentina won't. Unfortunately CFK talks too much, a residue from her senatorial times' barricade addressing to the Chamber against the government, or rather, the President. Her way of controlling our economy is stupid: the Central Bank buys dollars issuing pesos. Then M del P, sells these dollars at a loss to stabilise the peso but... alas! creating inflation (inflation=issuing of money without the adequate liquid funding), which moves (only apparently: it is the peso devaluation due to inflation as described) goods and services' prices up, which in turn makes syndicates fight for salary raises, which will press upon those goods and services, etc, etc, in a never stopping wheel that does not help people to be any better, nor make industries or the land produce more, so we are where we fleeting are. If CFK were smart enough, she'd try to make friends from foes, by helping them getting their petty needs (as Peron used to do, albeit not always and not with everyone). The US crisis will rebound and will, grab iron-fisted, all the free-world, dollar-based, economies such as ours. Only a strong government, that could cut down in its expenses (real or not) and save money, could make these small economies ride the waves and enjoy a smaller reduction in the amounts of energy, food, housing and social services. But, unfortunately, CFK is not prepared to 'suffer the slings and arrows of an(y) outrageous fortune because of her outdated (and corrupt) political ideas.
Aug 09th, 2011 - 02:14 pm - Link - Report abuse 0During the 1970's The U.S Govt led by Henry Kissinger backed the Argentine Military junta in order to destabilise Argentina both economically and socially so a distrust of Mickey Mouse makes some sense.
Aug 09th, 2011 - 06:01 pm - Link - Report abuse 0Commenting for this story is now closed.
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