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Argentine economy roaring at 9.3% in third quarter, announced CFK

Friday, December 16th 2011 - 06:13 UTC
Full article 22 comments

Argentina’s economy expanded in the third quarter at the fastest pace since 2003, said President Cristina Fernandez on Thursday during a visit to a Toyota Motor Corp. plant in the province of Buenos Aires Read full article

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  • yankeeboy

    I find that figure very hard to believe and it has the same credibility as the inflation figure!
    A country that is doing this “well” doesn't pass laws to:
    limit foreign ownership of land (confiscations)
    control newsprint (control newspapers)
    Terrorism charges for “currency manipulation” (saying the peso is going down)
    This is just 1 day of laws passed in the congress!

    I see this as textbook Venezuela pseudo-dictatorship. It is very scary.

    Dec 16th, 2011 - 02:08 pm - Link - Report abuse 0
  • Marcos Alejandro

    #1 is jeaulos :-)))

    Dec 16th, 2011 - 03:26 pm - Link - Report abuse 0
  • ElaineB

    @1 Hugo Chavez did buy Argentina in the fire sale.

    Dec 16th, 2011 - 04:08 pm - Link - Report abuse 0
  • Marcos Alejandro

    #3 is jeaulos as well :-)))

    Dec 16th, 2011 - 05:10 pm - Link - Report abuse 0
  • O gara

    Jealous but guess what a regular visitor to BA who has never been on Corrientes and doesnt speak a word of Spanish.But she does get rare books for her Argentine friends in Español not on sale on Corrientes but yes somewhere out there.Walterina Mittina I think might be closer than Elaine

    Dec 16th, 2011 - 06:26 pm - Link - Report abuse 0
  • ElaineB

    Still obsessed with me O'Gara?

    Dec 16th, 2011 - 07:38 pm - Link - Report abuse 0
  • Marcos Alejandro

    O gara, I know :-))

    “Buenos Aires has been crowned World Book Capital for 2011 in recognition of the vibrant literary culture within the city, which plays host to 70 libraries , over 400 bookstores and scores of smaller book-dispensing kiosks”

    http://thereaderonline.co.uk/2011/04/28/buenos-aires-world-book-capital-2011/

    http://thereaderonline.co.uk/2011/04/28/buenos-aires-world-book-capital-2011/

    http://thereaderonline.co.uk/2011/04/28/buenos-aires-world-book-capital-2011/

    Dec 16th, 2011 - 08:03 pm - Link - Report abuse 0
  • O gara

    6 not obsessed just amused by your daydreams
    7 its funny isnt it probably one of the three or four most lierary cities in the World but some little Englanders imagine it so differently

    Dec 16th, 2011 - 08:33 pm - Link - Report abuse 0
  • geo

    Toyota's car production is inadequate in Argentina ....!!

    Dec 16th, 2011 - 09:29 pm - Link - Report abuse 0
  • Frank

    @8 'it probably one of the three or four most lierary cities in the World'

    Really?????? It doesn't show....

    Dec 16th, 2011 - 09:51 pm - Link - Report abuse 0
  • Think

    (7) Marcos Alejandro and (8) O'Gara

    This ”She Turnip” really irritates my spleen with her unbelievable stories about unavailable, unnamed philosophy books in Argentina and good hearted middle-aged English ladies, unselfishly helping young, poor Argentinean students in their quest for wisdom …………...........

    Therefore I contacted some ”Young Turks” at the Grand Ol’ “Facultad de Filosofia y Letras” (UBA) to double check what I already knew and to dismiss any possibility of that haughty Brit talking the truth………

    They laughed at me……….......................
    If ANY book should be unavailable in Argentina, it wouldn’t take more than a couple of hours to organize a “Scanning and CC Mailing List happening” from any University Library on the Planet where the said book was available………….., they said.

    ElaineB; you have been weighed on the scales and found to be too light……………….

    Dec 16th, 2011 - 10:29 pm - Link - Report abuse 0
  • Malvinero1

    I find that figure very hard to believe and it has the same credibility as the inflation figure!
    Really yank??
    The reality Argentina is BOOMING!1
    If you do not believe...well there is the Argentine AMnufacturing automotive association, stats,that corroborates that figure..

    http://www.adefa.com.ar/v2/index.php
    (Psst the site is also in English) Tells you about the Auto production,in Argentina, by month,manufacturer,export,imports..etc.....
    Just check it out....

    Dec 16th, 2011 - 11:22 pm - Link - Report abuse 0
  • so_far

    Mr Think, Marcos, O´gara .....Gentlemen.

    People who deliberately distort reality, knowing the truth......are simply intellectually perverted.

    In my opinion, not worth a minute of your valuable synapses.

    Saludos

    Dec 17th, 2011 - 12:05 am - Link - Report abuse 0
  • yankeeboy

    Nobody is jealous of a place where 60% of the working professional population make u$730/mo. or less....

    Soy down 8+% yoy and car exports down this month...Car sales may be good internally since they are priced in pesos which is rapidly becoming worthless, buy now before it is 25% more next year. Get it stupid? Argentina is the only country in the world where cars are worth more when they leave the lot... sad sad sad 10 years down the drain and nothing to show for it...

    Dec 17th, 2011 - 01:08 am - Link - Report abuse 0
  • Uncle Sam

    @14 yankeeboy (#)

    The day reckoning will soon be upon them. They simply don't get it!

    Dec 17th, 2011 - 01:32 am - Link - Report abuse 0
  • Marcos Alejandro

    Poor Yanks, their poverty rate swells to nearly 1 in 6, almost 50 million people recieves food stamps, unemployment is not getting any better. So they come to Argentina to sale ladies purses :-)))
    Join Elaine's jealousy club and helper to find those philosophy books.

    Dec 17th, 2011 - 03:14 am - Link - Report abuse 0
  • xbarilox

    British economy roaring at 0.00000000001% in third quarter, announced David Cameron.

    http://www.guardian.co.uk/society/2011/dec/03/pessimism-britons-things-worse

    Dec 17th, 2011 - 08:54 am - Link - Report abuse 0
  • yankeeboy

    16. Our poverty level is your Doctors wage (actually more)... yeah we are super jealous!

    I wonder how many Argentinian doctors are working as gardeners here? Can anyone help me find some statistics on that?

    17. If UK is doing so bad and Arg doing so well how come the Pound to Peso is not following suit?
    http://www.xe.com/currencycharts/?from=GBP&to=ARS&view=10Y

    seems like the world disagrees with you.

    Dec 17th, 2011 - 04:49 pm - Link - Report abuse 0
  • O gara

    Well done yankee boy your stats show peefectly that even with indec inflation stats Argentines are gaining every year with comparison with their English counterparts..But if as you keep telling us inflation is over 20% its incredible how strong the peso actually is

    Dec 17th, 2011 - 06:34 pm - Link - Report abuse 0
  • Malvinero1

    Sure,yan!! You are rigth but I like were I live....What is the point??USA debt of 15 trillion???IS that good??It looks that USA is in bad shape....
    And the cars keep rolling out the asembly plants...You do not like it??/Well I do not care....We are OK,and the fture looks good for Argentina.The dreams of virtual currency and all that crap is headings toward disaster..You want to bet guys???Too artificial had become the world...paperless currency...It is all crap,doomed to failure!

    Dec 17th, 2011 - 07:24 pm - Link - Report abuse 0
  • yankeeboy

    19. You don't know how to read a graph, I will make it simple for you, peso down is bad, it costs you lot more pesos to go to London than it did 5 yrs ago? Is that good?

    20. What is that nonsense you are spouting? I think your translation software is off. Isn't the peso a paper currency? I wouldn't rely on car mfg for much longer aren't they idling plants right now?

    Dec 18th, 2011 - 01:43 pm - Link - Report abuse 0
  • ChrisR

    If the GDP is quoted in Pesos (like any other country - they use their own currency), then given the rate of inflation in Argentina, the GDP has contracted.

    No surprise there then!

    For all the Argie Numbnuts: pesos inflation = less value in the money; inflation means exports cost less but imports cost more. Once the inflation adjusted 'margin' is known, guess what - that is also worth less!

    Downward spiral.

    Dec 19th, 2011 - 05:52 pm - Link - Report abuse 0

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