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Argentine central bank dismisses IMF warning on risk of overheating economies

Friday, September 23rd 2011 - 07:45 UTC
Full article 42 comments

The Argentine Central Bank Governor Mercedes Marcó del Pont dismissed the IMF’s warning on the risk of overheating economies in developing countries. Read full article

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  • Rubino84

    Well well well, been reading since 2003 that the economy will colapse, fly of capital overheating, etc etc etc...

    Now we are nearly in 2012 and the economy wont stop growing: 9% this years, 8% next year (only second to China) and the IMF World Bank and all those who have been predicting catastrofic consecuencies for my country will have to swollow all those words... AGAIN! 8º)

    Sep 23rd, 2011 - 09:42 am - Link - Report abuse 0
  • Dr Carrizal

    Hmmm...
    Have a look at her family history and their involvement in the Argentine economy - rape, pillage and plunder of every centavo they could get their grubby hands on...

    Sep 23rd, 2011 - 12:28 pm - Link - Report abuse 0
  • yankeeboy

    Part of the reason the predictions of the imminent economic collapse has been off is because no economist thought that the Ks would plunder the country's private assets, Anses, Banco Nacion, Bacra the list goes on and on. There is no way the gov't could have survived if they didn't steal all of the hard currency out of the country. The problem is now its gone you can't steal it twice, USA is shutting off Intl bank funding so that cash flow is going to be gone next year too. BACRA funds are depleted and Soy is crashing, now what? CFK should take her stolen millions and ugly children and move to Miami or she better keep a helicopter at Casa Rosada to help her escape when the riots start again.

    Sep 23rd, 2011 - 01:39 pm - Link - Report abuse 0
  • Think

    Yuppppppp.

    Mercedes went rouge and has been, for many years, working very hard for the good side........
    She has also the most charming smile……....................... (when she smiles:-)

    About you……………..
    You categorize yourself as an “antifascist” and “democratic” but you constantly utter many of the old prejudices about your neighbors that have been created by the fascist and antidemocrats in our respective countries to keep us disunited.
    You also say that you have been living abroad for a long time……...............
    Well Dr., let me tell you that things have really changed down here in the last 30 years……......................................
    It would be nice if you could scale down a bit your anti Argentinean rhetoric…………
    I can nearly feel those Chilean bayonets puncturing my bottoms :-)

    Sep 23rd, 2011 - 02:32 pm - Link - Report abuse 0
  • Frase

    Wages certainly seem to be increasing, although they don't seem to quite match inflation.

    It might be that I've just grown used to it, but even inflation doesn't seem as bad as it was 7-8 months ago. That said, prices haven't stopped rising yet.

    I'm still enjoying living here though, even more so now that spring is in the air.

    Sep 23rd, 2011 - 02:44 pm - Link - Report abuse 0
  • yankeeboy

    #5 Arg is in a pickle because of the Real devaluation and the increase in U$, the only tool they have left is to devalue the peso. They have done a good job over the last few years slowly bringing it down but I don't see how that can continue. I expect 5/1 shortly and then you start feeling inflation again. The reason you don't feel it is because you are in it everyday. I went to BA a few months ago and was shocked at the prices especially food. There are a lot of items you are paying more than we do in the USA and your salaries can't support that for very long. The same thing happened in the 90s when $/sqft in BA real estate was higher than Manhattan and then it all came tumbling down. The pattern keeps repeating because they never learn the lesson.
    How may Argentinian currencies have you seen in the last 60 years? 5-10? The zeros get to be too many so they lop them off and come out with another name, functioning countries don't do that.

    Sep 23rd, 2011 - 03:14 pm - Link - Report abuse 0
  • Think

    (5) Frase

    Careful with Cordoba’s ”Spring Air” ………….

    It can easily result in an unforeseen increase in the number of members of the Argie-Brit Team Frase.

    Enjoy…………………

    Sep 23rd, 2011 - 03:22 pm - Link - Report abuse 0
  • Artillero601

    @7

    Well, Think, I see you changed your attitude towards Doc Carrizal .... It was a matter of time. Once a chileno, always a chileno ..... stay away Mr Think, stay away!! as far as their bayonets, nothing like a 155 mm up their sorry asses. :-))

    Sep 23rd, 2011 - 03:45 pm - Link - Report abuse 0
  • Frase

    6 - As I said, maybe I've just grown used to it, it is still a concern though.

    7 - The wife and I haven't been doing too much in the way of 'recruiting' as of late, so I think Team Frase will be remaining a 3 person (+1 dog) Argie-Brit operation!

    Sep 23rd, 2011 - 04:01 pm - Link - Report abuse 0
  • Think

    (8) Artillero601

    I didn’t change anything….. I still consider him intelligent……………

    Besides………………

    In my personal experience, the only way the Argentinean Armed Farces could have won a war against our Chilean neighbors in the 60’s, 70’s or 80’was by having, at least, a 2 to 1 superiority on troops and material.
    On less unequal terms they would have filled us with combos en la guata y patáas en el hocico...............

    Sep 23rd, 2011 - 04:13 pm - Link - Report abuse 0
  • Artillero601

    @10

    When did you go to “War School” ? you data is so wrong brother !!

    Sep 23rd, 2011 - 04:18 pm - Link - Report abuse 0
  • Think

    (11) Artillero601

    Unlike you, I knew both Armed Farces..........
    Theirs were better trained, highly motivated and a tad less corrupt and decadent.

    Sep 23rd, 2011 - 04:41 pm - Link - Report abuse 0
  • Artillero601

    @12

    I have the Chief of the Chilean Armed Forces on record, describing the situation of both countries prior to '82 on youtube. Do you want to see it?

    Better trained, my ass! That's why they were scared about an invasion in '78?

    Sep 23rd, 2011 - 06:07 pm - Link - Report abuse 0
  • Think

    (13) Artillero601

    In 1978 Argentina had a 4 to 1 superiority on troops and material.
    Only a fool wouldn't have been afraid.
    And the Chileans are no fools.

    Sep 23rd, 2011 - 06:13 pm - Link - Report abuse 0
  • Artillero601

    @14

    Not only because of us , Peru and Bolivia were ready to jump in too.

    Sep 23rd, 2011 - 06:26 pm - Link - Report abuse 0
  • geo

    [] - 1 Rubino

    your first name is Nouriel ...??

    Sep 23rd, 2011 - 06:31 pm - Link - Report abuse 0
  • Think

    I want to apologize for my “Geo” impersonation…..
    He has gotten a life of his own……..
    He is “Out of Control”....
    He is like Chuckie!

    http://www.youtube.com/watch?v=Vkpte31_M6c
    Rammstein Rocks!

    Sep 24th, 2011 - 09:15 am - Link - Report abuse 0
  • Dr Carrizal

    #4 OK – I’m human, but when that effwit Artillero starts on his rant and cant, I can’t resist the urge to bait him a bit…I realize things have changed a lot in S Am, and I try to keep fairly up to date on those. Still, there’s nothing like being there for that. I am contemplating a return, when I sort out and dust the pith helmet, etc. The rhetoric is largely for Artillero and some others of his ilk – I actually have some very fond memories of Argentina and its people. They are, however interspersed with recollections of being offered a ride I couldn’t refuse in a Ford Falcon by two gentlemen – one an off duty Army captain and the other a ‘civilian’- before I’d even gotten 100 metres from the border, and a few more similarly ‘interesting’ situations..
    Would you enjoy, or be up for, a spot of bayonetting, perhaps?

    #8 What are you going to do when they start shooting back? Cry?
    #14 Like in ’78… The going gets good, doesn’t it, when you can behave like a bunch of pack animals. It’s safer, too… Amazing that the amount your courage seems to grow is in inverse proportion to the factor by which you outnumber your victim… try it on your own, maggot!

    Sep 25th, 2011 - 06:07 am - Link - Report abuse 0
  • Think

    (18) Dear Dr. Carrizal

    I “Think” you have correctly pinpointed who’s the real enemy here……………
    People like “Artillero601” on the Argentinean side………..
    Or “Sergio Vega” on the Chilean………..
    They both evidence a total disrespect for democracy, human rights and ethics, hiding back their archaic understanding of a “Sociedad Occidentral y Cristiana” and the “Teoría de la Seguridad Nacional”.

    Luckily, this day today, it is the “Thinking South-Americans” running the show, not the “Gun Toting” ones.

    Un abrazo
    El Think

    PS: You were lucky that the Ford Falcon ride was on the backseat…… not in the trunk.

    Sep 25th, 2011 - 06:51 am - Link - Report abuse 0
  • Dr Carrizal

    Damn right - my shift into survival mode was immediately effected by reverting to very limited Spanish - I am a gringo of sorts - and, under a barrage of questions, a total ignorance of what politics even were... They were giving each other rather odd glances which I read as being favourable to my chances - I had little doubt that if they didn't like me, or considered me a threat of some sorts, that they would have turned off the main road very quickly and done what they considered necessary... and I have never wanted to dwell on what that might have entailed... They actually didn't really seem like arseholes either - just prisoners of their tunnel-visioned belief system
    Here's to a better future for all...
    Chau for now
    Dr Carrizal

    Sep 25th, 2011 - 07:38 am - Link - Report abuse 0
  • Artillero601

    @19

    Enemy of who Think? you? or the zurdos that took over my country and say that “ Lanata ” is boring when he speaks the truth .... corruption, cooking the books in terms of inflation, lack of security, abuse of power, destruction of the Armed Forces, etc, etc , etc. Malvinas is a smoke screen for you all to cover all the “AFANO” that is going on in the country. Alignment with Chavez is part of the thinking SAmericans?? At end of the day, it really makes me sad .....

    @20 you gringo? in the eyes of an anglo saxon, you will never be! GET USED TO IT .... it doesn't matter if your English is almost perfect.

    “O vivir con honor , o morir con gloria” .... you two love birds should follow those words even though O'Higgins said them.
    Viva la Patria carajo!!!

    Sep 25th, 2011 - 01:20 pm - Link - Report abuse 0
  • GA3

    @19

    Stop kissing ass to Carrizal, is almost repugnant !!

    @18 Ask the people of the GA3. GAA4 and the GADA 601 & 602 if they cried when they got pounded by all the British Artillery, Naval and Air Force ..... you are a MORON, you know that right??

    Sep 25th, 2011 - 01:31 pm - Link - Report abuse 0
  • Think

    (21) and (22)

    Relax dude......
    As my esteemed transandinean colleague so rightly said:
    You are just a prisoner of your tunnel-visioned belief system.

    Sep 25th, 2011 - 07:33 pm - Link - Report abuse 0
  • Dr Carrizal

    @22 “Oyez, oyez, people of the GA3. GAA4 and the GADA 601 & 602! Did you cry when you got pounded by all the British Artillery, Naval and Air Force? You can be thankful the British aim and groupings must have been a little loose…
    If I’m a moron, then you yourself, at best, and on a good day, are a sub-moron
    @21 You, as usual, presume for too much – you have no idea where I was born and what nationality I have, nor my genetic combination – just as it’s obvious you have little knowledge about anything else. Live alone amongst your own delusions and perverse fantasies – you are lost in that blend of arrogance, ignorance and stupidity which leads you to think you’re of ‘strong character’… Spare us your asinine drivel!
    Samuel Johnson, ironically, due to his 1771 opinions on the Falklands, said “Patriotism is the last refuge of scoundrels”. I forget who gave us “Nationalism ... is like cheap alcohol. First it makes you drunk, then it makes you blind, then it kills you.”, but keep drinking, dickhead…

    Sep 25th, 2011 - 07:51 pm - Link - Report abuse 0
  • Artillero601

    @24 Curandero, you are so freaking arrogant that Think felt in love you right away . How sad! You are not disclosing anything because you don't have any balls so we have to guess. Bottom line , I don't think you pass 1st year of Medical School .... because morons are not allowed.

    Dickhead? you are looking at yourself at the mirror or what?? What do you bring to debate? your self sense of superiority? you are a chileno, that's equal to a bottom feeder in the life cycle. Get lost idiot !

    @23 As of today Think, you are in my shit list, you and your lover can enjoy your pathetic conversations all day long .... what a disappointment!! :-))

    Sep 25th, 2011 - 09:16 pm - Link - Report abuse 0
  • GA3

    @24

    You can be thankful the British aim and groupings must have been a little loose… ... read “100 days” by Admiral Sandy Woodward . Can you read English or you need Google to translate for you. You have opinions on military issues too?? you are really dilutional . Do you self medicate? In 24 years of Healthcare Management , I can easily say that you are a disgrace to the profession.

    Sep 25th, 2011 - 09:37 pm - Link - Report abuse 0
  • Think

    (24) Tsk tsk Dr. Carrizal.

    Look what you have done!
    I told you to go easy on Artillero601/GA3
    First you teased him into that murky tunnel of his.
    And then you caused a heavy blossoming of his bipolarity.

    Ps:
    I’m a“Gringo of sorts” too….......... The best sort...........… Born in Argentina :-)

    Sep 25th, 2011 - 10:34 pm - Link - Report abuse 0
  • Artillero601

    @27

    For sure he is not Harvard, Hopkins, Mayo Clinic material... bipolarity? do you know what it means? :-))

    Sep 25th, 2011 - 11:05 pm - Link - Report abuse 0
  • Think

    (28)
    Married trice.....
    Two bipolar exes....
    What do you “Think”? :-)))

    Sep 26th, 2011 - 04:33 pm - Link - Report abuse 0
  • Artillero601

    @29

    Oh, I see. I guess you know it very well then. ;-)

    Sep 26th, 2011 - 06:03 pm - Link - Report abuse 0
  • Dr Carrizal

    #25 You just don’t (read can’t…) get it! Nor do you guess well… You leave yourself wide open because of the ridiculous misassumptions you make whilst trying to appear knowledgeable – you fool no-one except yourself, but since you’ve probably been doing that all your miserable life, you probably always will! You’re all bluster and blather, screaming out and beating your chest on your imaginary high ground, tugging your 155mm and don’t even realize what a perfect target you are presenting yourself as… You eff off – you and your mutant dwarf alter ego (or, in your case, should I say ALTAR ego – down on your knees again, hmmm… and wipe your chin between loads!)
    Do you froth at the mouth or just drool when you’re posting your doggerel?
    #26 It is fairly widely known that some Argies gave a good account of themselves during the hostilities. Not many, but some. And it’s you who is “diluted”, you deluded dickhead… I guess those survivors from the beaten zone – no pun intended at all, whatsoever, honestly – were used to digging in well – it comes naturally to troglodytes! Or at least it displays a skerrick of the evolutionary process...

    Sep 26th, 2011 - 09:12 pm - Link - Report abuse 0
  • Artillero601

    @31 Curandero, move on, be happy and get lost stupid asshole.

    Sep 27th, 2011 - 01:16 pm - Link - Report abuse 0
  • Dr Carrizal

    @32 Arsejolero - and thank you for for all your positive and constructive contribution to the 'debate'... Yes, lance corporal, no, lance corporal, three bags full, lance corporal... No-one listens to you, or ever will

    Sep 27th, 2011 - 05:46 pm - Link - Report abuse 0
  • Artillero601

    @33 Ok Daktari , like I said ... move on, be happy and get lost. Plain and simple !!

    Sep 27th, 2011 - 06:06 pm - Link - Report abuse 0
  • Dr Carrizal

    You're still trying to issue orders... yawn...
    Getting your cheap one liners from GI Joe comics? Who reads them out to you?

    Sep 27th, 2011 - 09:46 pm - Link - Report abuse 0
  • Artillero601

    Cheap one liners? so is you way or the highway? who has ideas of dictatorship like? you or me? so when the Chief of staff from a Hospital tells you what to do? Do you follow the orders or you rebel as usual? Where do you practice? as a Medicine man in an Island somewhere? what a joke!!!

    Sep 28th, 2011 - 01:44 pm - Link - Report abuse 0
  • GA3

    @35

    El mayor placer de una persona inteligente es aparentar ser idiota delante de un idiota que aparenta ser inteligente.
    Nunca discutas con un imbécil, te hará descender a su nivel y allí te ganará por experiencia..... End of story !!

    Sep 28th, 2011 - 03:24 pm - Link - Report abuse 0
  • Dr Carrizal

    @36
    Mas verbarrea tuya... aun

    @37
    Yo, si, lo se
    tu lo sabes
    el culea'o cretinoso - jamas!

    Sep 28th, 2011 - 07:29 pm - Link - Report abuse 0
  • Artillero601

    @38

    Like I said before, I don't speak Mapuche, sorry !!

    Sep 28th, 2011 - 08:53 pm - Link - Report abuse 0
  • Dr Carrizal

    @39
    As your English sucks, I'll put this into simple American so you can have another try - Your verbal diarrhoea is still boring!

    Sep 28th, 2011 - 10:45 pm - Link - Report abuse 0
  • Artillero601

    @40 jajajaja!!! I didn't know this was a Grammar contest sunshine !

    Let me find an ICD-9 for you ...... Chronic Pelotuditis or Moronic Syndrome due to Chilean origin . I think that describes it to the “T”. Gave a good day Doc .... :-)

    Sep 29th, 2011 - 01:29 pm - Link - Report abuse 0
  • Dr Carrizal

    Right, it isn't, bit it does show what a complete ignoramus you are - whether based on the fact that language consists of a lot more than grammar, or your statement of a while back asserting that “Chile stole Antofagasta”. As I said earlier, I'm not Chilean , and being considered one is no skin off my nose - being Chilean, or considered so has to be a lot better than alternatives such as being Bolivian, Peruvian and other grovelling arselickers such as Argentininans like yourself. You're like a turd sized dog - a chihuahua, for example. Go snap at someone else's ankles for a while! Va fa culo!

    Sep 30th, 2011 - 08:43 pm - Link - Report abuse 0

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