MercoPress. South Atlantic News Agency
“Two tough years” ahead for Uruguayan construction and real estate
The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents. Read full article
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Disclaimer & comment rulesAnother 'economist' who wants to devalue the UYU Pesos to boost exports.
Aug 11th, 2012 - 01:03 pm - Link - Report abuse 0What exports? Agricultural products mostly which are traded in USD.
ALL his suggestions (and let's hope no-one in the government listens to him) will do is make things more expensive for the average Uruguayo. No doubt this 'expert' can afford the inceases.
Never forget how you can tell a room full of economists. If there are X number of them and you ask a simple question about the economy you will get AT LEAST two times X as the answer. Typically, it's 'well it will be this OR on the other hand it could be that'.
The reality is NOBODY wants products manufactured in Argentina. The quality of Argentine produced products is laughable. The appliances both small and large last about 3 months until they break down. Cheap, shoddy materials, and the designs look like things that I found in my grandmothers basement in 1960. So if you like cheap, retro imitations that don't funcion and need to be constantly fixed, then go for the Argie junk. The factory workers work about 5 hours per day, for inflated salaries, and if their boss asks them to do anything they complain to the union shop steward, who files a lawsuit or calls a strike against the factory owner. This is how Argentina works! It's the biggest failed experiment ever, called the “República Argentina” that is ruled by the criminal Cristina Fernandez de Kirchner (a/k/a scrotum neck) that has stolen BILLIONS of dollars from the Argentine people, tries everything in her power to squash her detractors, silence the press, opress the citizens, steal their money with extorsive and invented taxes, it's well known that she never even finished her law degree but says she is a a lawyer, her children the horribly ugly Florencia and pudgy fat Maximo have high ranking government positions but have never set foot in a university, a vice-president Amado Boudou who is a small time criminal mafioso who owns companies that he awards government contracts to for millions - Argentina is a bastion of modern day CORRUPTION - all countries should avoid doing business with Argentina like it was a PLAGUE - this Kirchner disaster cancer must be taken down and thrown to rot in jail forever along with her cronies - down with this PERONIST garbage who talk about “social justice” and are only interested in their own power and wealth and do NOTHING for the citizens of the country but steal their hard earned money and possessions and talk about how awesome they are. Cristina Kirchner even once said that “god wanted her to be president and rule Argentina”!
Aug 11th, 2012 - 02:01 pm - Link - Report abuse 0Does anybody REALLY think that it is the effect of the world banking crisis on Argentina that is causing Uruguay's problems in construction and real-estate?
Aug 11th, 2012 - 03:05 pm - Link - Report abuse 0Argentina's problems are *home made*, but there is no doubt that they have a knock on effect on its smaller neighbour.
But Caumont IS WRONG in saying that the Argentina economy is heading for a “very strong recession, high inflation, serious trade problems and even more in the money exchange markets”. He forecasted that before the end of the year Argentina will have to devalue the Peso in at least 30%.
Argentina is not *heading for* these catastrophes; the Horsemen of the Apocalypse have been riding across the pampas for some time, and every one wears the same black weeds.
3 GeoffWard2
Aug 11th, 2012 - 03:20 pm - Link - Report abuse 0Yes, but Geoff: don't forget the rider on the green horse! He IS the real baddy.
:o)
Not to worry, old Pepe will soon boost the economy when he becomes the countries cannabis dealer. :)
Aug 11th, 2012 - 03:32 pm - Link - Report abuse 0#4
Aug 11th, 2012 - 06:17 pm - Link - Report abuse 0The green horse is not yet apocalyptic, it is just not yet house trained to be so. Though I have had green rumped horses, with the scours.
Pepe should follow Cristina and Chavez's example and launch a house building programme
Aug 11th, 2012 - 09:11 pm - Link - Report abuse 0funk it.I'm off before it's to laaaaaaaaaa
Aug 11th, 2012 - 10:54 pm - Link - Report abuse 0Not “two tough years”. Twenty tough years. Argieland is trying to throttle Uruguay. And Pepe is doing NOTHING.
Aug 13th, 2012 - 05:11 pm - Link - Report abuse 0So because Arg are stalling the dredging of Martin Garcia, it will affect Uru construction for 20 years... Conqueror, you are full of rabid mouthcrao...
Aug 14th, 2012 - 07:13 am - Link - Report abuse 0What this so called 'expert' did not address is the fact that confidence is missing from the market.
Aug 17th, 2012 - 07:26 pm - Link - Report abuse 0Who in their right mind is going to buy over the top expensive property in a falling economy (I am referring to Argentineans)?
Punte del Este is the epitomy of the property developer gone mad. Everywhere you look there are high rise apartment buildings going up and the asking prices start at USD 1 Million. Crazy, crazy people.
Why should the ordinary Uruguayo pay for this madness, let them go banrupt.
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