MercoPress. South Atlantic News Agency
Argentine central bank confirms (unorthodox) growth policies for 2012
Argentina's economy should expand by 4.5% to 7.5% in 2012 according to the Central bank that also warned about the threat of the consequences of the Euro crisis. The bank’s latest approved monetary program states that the policies that have helped Argentina's economy boom over the last nine years will remain largely in place. Read full article
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Disclaimer & comment rulesIsnt it interesting Wall Street doesnt take as dim a view of China which has much higher state intervention.Anyway Wall street has huffed and puffed for almost a decade now against the Kirchners predicting economic collapse every year since 2003.Obama is beginnig to adopt some of the Kirchner policies maybe he might even get reelected now
Jan 02nd, 2012 - 12:52 pm - Link - Report abuse 0By their own admission you will see at least 28% inflation next year at a minimum. Ouch!
Jan 02nd, 2012 - 12:53 pm - Link - Report abuse 0“and from Brazil’s deceleration,”
Jan 02nd, 2012 - 01:01 pm - Link - Report abuse 0Wasn't someone here gloating about how brazil has overtaken the UK to come in a number 6 in the world?
Looks like it was short lived.
I stick by my prediction that Argentina's inflation from Aug 2011 to July 2012 will be 35%.
Jan 02nd, 2012 - 04:01 pm - Link - Report abuse 0No-one has added in the Central Bank devaluation of the pesos, claimed to be 7.1% (more likely 10% when they have finished).
I know the Pretend Irishman will shower the usual personal abuse on me, but come July '12 we will see.
4. I think a devaluation to $5/1 is in the very near future. You can see it in the true (gray) market rates in Uruguay and Brazil right now. I would bet BCRA would be pretty happy if they can keep the inflation to 35% in 2012. At some point market forces will get away from them and it will start to spiral. The only saving grace they have is that there will be a lot less taxes collected this year so gov't spending will be severely curtailed.
Jan 02nd, 2012 - 04:06 pm - Link - Report abuse 0The expression on her face says it all: I have no f*cking idea what I'm doing, but let's try something unorthodox, perhaps it will work!
Jan 02nd, 2012 - 08:18 pm - Link - Report abuse 0What admission was that Yankeeboy has INDEC released new data personally to you?Did Boudou send you an email lol
Jan 02nd, 2012 - 08:21 pm - Link - Report abuse 0Christy I wouldnt abuse you only give you a Cead Mile Failte.Nevertheless even in my friendly state I have to say your predictions are as much wishful thinking on your behalf as ever.Even Clarin in its most violent hysterical mode only sees 22%
Are you going on an orange march on July 12 Christy the inhabitants of the Malvinas would no doubt be very much at home in that house of tolerance
O'g you never answered my question are you Irish living in Argentina?
Jan 02nd, 2012 - 10:19 pm - Link - Report abuse 0All of my info is from news reports and/or friends/family living in BA. If I give a stat I can give you a link, can you say the same?
no international capital market is needed nor wanted the loans are massive thefts from public money and no one including the IMF even ckecks if the contracts are being completed, in any case Argentina has a national bank to serves the Argentine economy and the local governmant can use laws to regulate the market rather then depending on a regime who only cares for their own interests on the other side of the planet. Argentina should not be herded back into the EU or the IMF or the WTO, we have laws in Argentina and we also have a national bank as well as a democraticaly elected government, we also have a lot of natural resources, we don't need all this blood suckers trying to tell Argentina what they need. F@#$Off !!
Jan 03rd, 2012 - 09:47 am - Link - Report abuse 09. You have no idea what you are talking about. There are so many wrong facts in that paragraph I don't even know where to begin.
Jan 03rd, 2012 - 11:39 am - Link - Report abuse 0Suffice it to say Argentina is trying to stay in the World Bank, IMF, IDB and doing the minimum it has to before they get thrown out. One way or the other it will be worked out this year.
Argentina will need the IMF way before the IMF needs Argentina.
#10 as I said before and I will repeat it for you, NO THANKS! Argentina is doing bery well without IMF and WTO or EU, This is why there is a constitutional government to wrtie laws and run the country and a national bank for money supply, you can't blame Argentina the IMF tought them a good lesson in 2001, you might benefit from reading “the four steps to damnation” by Gregory Palast, here is just a few lines from this old but still valid report.
Jan 03rd, 2012 - 02:32 pm - Link - Report abuse 0“Stiglitz has two concerns about the IMF/World Bank plans. First, he
says, because the plans are devised in secrecy and driven by an
absolutist ideology, never open for discourse or dissent, they
'undermine democracy'. Second, they don't work. Under the guiding hand of IMF structural 'assistance' Africa's income dropped by 23%.
Did any nation avoid this fate? Yes, said Stiglitz, Botswana. Their
trick? 'They told the IMF to go packing.' Stiglitz proposes radical
land reform: an attack on the 50% crop rents charged by the propertied
oligarchies worldwide.
Why didn't the World Bank and IMF follow his advice?
'If you challenge [land ownership], that would be a change in the
power of the elites. That's not high on their agenda.”
www.stallman.org/imf-damnation.html
11.
Jan 03rd, 2012 - 02:55 pm - Link - Report abuse 0Shortly Argentina will be begging the IMF for loans just wait and see...
Of course to come into compliance with IMF, ARG will have to restate growth, inflation, poverty numbers etc for the last 10 years. Which will open them up to a BILLIONS of U$ in lawsuits for underpaying the CER bonds and most likely payoff the holdouts and Paris Club. It will wipe out your reserves.
Arg is bankrupt and it is only going to take a little more time before it all comes crashing down. It will be oh so fun to watch from the sidelines.
#12 IMF and what club ??? and who wants to come into compliance with thieves ?? I find it funny that those clown you mention gived money to thieves and now expect the Argentine population to pay with their tax money for the systematic theft, I wouldn't support any government in Argentina that gives any money back to IMF or the paris club, as a matter of fact any government doing busyness with IMF or the paris club are not governments but office administrators for both IMF and the paris club.
Jan 03rd, 2012 - 03:49 pm - Link - Report abuse 0www.stallman.org/imf-damnation.html
Hey Yankee boy The U.S is over 14 trillion dollars in debt
Jan 03rd, 2012 - 07:49 pm - Link - Report abuse 0so the U.S is facing bankruptcy, Argentina is one of the countries
that was able to regenerate it 's economy in a relative short period of time,
you are a very bitter weak person I pitty you, go eat you big Mac.
10 yankeeboys gone all autobiographical lets quote
Jan 03rd, 2012 - 08:30 pm - Link - Report abuse 0There are so many wrong facts in that paragraph.
Poor boy you doubt if I am Irish but I am a native speaker of English and the word fact means a thing that is known to be true.
In other words boludo it cant be wrong.Where are you from Quebec?
14. US can never go bankrupt we are a reserve currency if necessary we can always print more $ to pay off the loans. We won't but that is a whole different discussion.
Jan 04th, 2012 - 01:22 pm - Link - Report abuse 0Arg is a despicable, unreliable and dishonorable country you defaulted and nullified 70% of your debt. You left Italians and German pensioners holding your worthless paper. It's disgusting and dishonorable you should be ashamed yet you gloat it is a character weakness. Now you are paying the price and it is only going to get worse. 2012 is going to be UGLY just wait and see.
O'g If you are a native speaker you need to sue your parents, they didn't teach to write or think coherently. So again, you never answered, are you Irish living in Argentina? I have asked it 4-5 X now. Can't you come up with a story line that works with the persona? Plus I thought you were going to ignore me and campaigning for all the other brilliant RG bloggers to do the same. What happened that was only yesterday?
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