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Argentina inflation expectations 30% and 20 percentage points above official index

Wednesday, September 19th 2012 - 05:20 UTC
Full article 33 comments

Argentina's 12-month inflation expectations held steady for a seventh consecutive month at 30% in September, according to the median estimate in a survey published by the Torcuato Di Tella University, UTDT. However after three steady months expectations eased with the average response sliding to 34.9% from 39.8% in August. Read full article

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  • Idlehands

    Cristina photographed expressing the degree to which she has lied about the inflation rate. She needs to stand with her arms wide open as if she just bagged a marlin.

    Sep 19th, 2012 - 08:43 am - Link - Report abuse 0
  • briton

    Yes cristina, we know it was that small,

    still,
    you do pick em, dont you .

    Sep 19th, 2012 - 09:47 am - Link - Report abuse 0
  • Captain Poppy

    And IMF was so unbelievably generous to give her three more months.

    Sep 19th, 2012 - 10:21 am - Link - Report abuse 0
  • ChrisR

    @3

    The IMF have no idea what to do with the financial errant child that is Argentina.

    The three months is as much for the benefit of the IMF as it is leeway for another stunt by TMBOA.

    Sep 19th, 2012 - 11:42 am - Link - Report abuse 0
  • Captain Poppy

    As Elaine stated in another post, and I agree. I think IMF is making sure they give Argentina more than enough chances to straighten their act before they drop the hammer. They last time they gave them too much much to readily.
    Argentina must now produce real numbers or face censure, the first one to every be censure. So their government inflation numbers will rise steadily and peso drop in value over the next three months, or they will be out of the international trade markets, expect for maybe N.Korea, Syria and Iran, and neighboring countries that are experiencing recession also.

    Sep 19th, 2012 - 12:17 pm - Link - Report abuse 0
  • Idlehands

    Could you imagine trying to live when inflation is running at over 30% You'd need a hand to mouth existence - saving money would be pointless. I think I'd buy a safe and buy precious metals - or is that not allowed either?

    Sep 19th, 2012 - 12:58 pm - Link - Report abuse 0
  • MaxAue

    Does that mean you can transfer money via PayPal as an Argentinian from an Argentine account to another citizen in another country, thus change peso to dollars if that other person in that other country withdraws the money?

    Sep 19th, 2012 - 01:15 pm - Link - Report abuse 0
  • yankeeboy

    6. It is almost impossible to buy precious metals etc. The markup is huge because it is heavily taxed at the boarder and you are going to end up paying the leak rate anyway. That is why U$ is so popular.
    As Think has said many times he is perfectly fine with 30-40% since he has seen worse. Too bad they have never seen better.

    Sep 19th, 2012 - 01:30 pm - Link - Report abuse 0
  • Idlehands

    I'd assume so - but wouldn't you be liable for the 15% tax deductable fee?

    If it's viable then what you all need is a trustworthy friend in a first world country with a stable currency.

    Hello ladies. How you doin' ? (I assume all the malvinista nutters on here are male)

    Sep 19th, 2012 - 01:32 pm - Link - Report abuse 0
  • yankeeboy

    7. Only if you already have the U$ in your bank account. Otherwise you need to buy them, open a U$ bank account then send via Paypal. So you are still subjected to all of the restrictions on buying the U$ that are in place.

    Sep 19th, 2012 - 01:38 pm - Link - Report abuse 0
  • British_Kirchnerist

    Nice picture. Shame about the comments...

    Sep 19th, 2012 - 02:09 pm - Link - Report abuse 0
  • Captain Poppy

    With her mouth so open in that picture, she must be practicing her begging for money tactics.

    Sep 19th, 2012 - 02:15 pm - Link - Report abuse 0
  • Idlehands

    BK - why do you always regale us with your sexual obsession with CFK?

    She's an old woman and your comments strip her of the tiny amount of dignity she may have left.

    Sep 19th, 2012 - 02:41 pm - Link - Report abuse 0
  • Captain Poppy

    Seeing her in people ....one really marvels at what pictures do to improve people.

    Sep 19th, 2012 - 03:03 pm - Link - Report abuse 0
  • Idlehands

    14 - did you mean “seeing her in person” (as in seeing her in the flesh)?

    Sep 19th, 2012 - 05:36 pm - Link - Report abuse 0
  • briton

    some people like plastic.

    Sep 19th, 2012 - 06:29 pm - Link - Report abuse 0
  • Captain Poppy

    Yes Idle.......crunching numbers all day at my desk, letters get lost.....lol

    Seeing her in person is a waking nightmare.

    Sep 19th, 2012 - 06:32 pm - Link - Report abuse 0
  • toooldtodieyoung

    I have this mental image of British_Kirchnerist “thrashing it out in the sweaty darkness” over the picture at the top of this article, I don't know what's worse the image of hat or seeing KFC in person.

    will someone please pass the mind bleach?

    Sep 19th, 2012 - 08:08 pm - Link - Report abuse 0
  • Captain Poppy

    Seems the BCRA reserves are a lot less then lead to believe. There was a total of just 500 billion in reserves (pesos) of which 16% was foreign funds......roughly 80 billion pesos or 17.4 billion DOLLARS. unfortunately 14%, 70 billion pesos...15.2 billion dollars were pegged as credit deposits.....not their money. Reality is that they only had 2.2 billion in December 2011. while they made some money in surplus, they also paid those bonds. They really have no international funds in reserves.

    Sep 19th, 2012 - 08:35 pm - Link - Report abuse 0
  • Rufus

    @18 toooldtodieyoung

    http://img-cache.cdn.gaiaonline.com/3eaf4d075511bef71b764380c42eef33/http://i48.photobucket.com/albums/f221/turpeinen/Macros/1212544071135.jpg

    After you with the mind bleach...

    Sep 19th, 2012 - 08:55 pm - Link - Report abuse 0
  • British_Kirchnerist

    #13 “She's an old woman”

    No she's not, she certainly looks younger than she is but even in terms of her years she's not

    Poppy tell us more, what was so nightmarish about meeting her???

    Sep 20th, 2012 - 01:15 pm - Link - Report abuse 0
  • Captain Poppy

    Go there and see for yourself.....she looks better in pictures and that is saying nothing all all. Big jowled cheeks, her neck looks like a shar pei, makeup so thick it ckaes up and ruins in the heat down there............just repulsively disgusting. Even so.....looks has nothing to do with competence, which makes all your statements so ridiculous like a horny teenager. You must be one ugly mug to think shes a looker.

    Sep 20th, 2012 - 01:52 pm - Link - Report abuse 0
  • Simon68

    In the picture accompanying this article, Kretina is describing BK's attributes!!!!!

    Sep 20th, 2012 - 03:18 pm - Link - Report abuse 0
  • ChrisR

    23 Simon68
    “In the picture accompanying this article, Kretina is describing BK's attributes!!!!!”

    Apart from being the best known wanker in LatAm, does he have any? :o)

    Sep 20th, 2012 - 03:51 pm - Link - Report abuse 0
  • Simon68

    24 ChrisR (#)
    Sep 20th, 2012 - 03:51 pm

    Yes, well known for the volume of his wet dreams!!!!!

    Sep 20th, 2012 - 04:17 pm - Link - Report abuse 0
  • 2012

    22 Conqueror/Captain Poppy
    The argentine leader has a perfect beauty compared to the UK “royals” women.
    The argentine leader is maintaning a beautiful reddish-brown long hair, bright big brown eyes, oval face and perfect lips. Her skin is healthy compared to the faces of Camilla wrinkles ...the “Frown” looks of Elizabeth the II for Nothing.
    Prince William's wife is Kathie 5'11” 98 lbs. is the ugliest woman in the world with thin TITS, thin LIPS and half of a VAGINA NECK!
    Now, get in the picture Conqueror, Captain Poppy...screwing Prince William's wife Kathie....no tits, no lips with half Vagina Neck....hehehe nothing to start the bang bang bang....hehehe

    Sep 20th, 2012 - 05:10 pm - Link - Report abuse 0
  • Captain Poppy

    You don't get you moron, I am not British so the roylas mean nothing to me.....lol
    However......if ass lips kirchner sucks anymore fat from her ass to inject in her lips, she will have to stick her head in the tiolet for her next bowel movement.

    Sep 20th, 2012 - 05:36 pm - Link - Report abuse 0
  • Santa Fe

    26... You should get out more Jajajajajajaja

    Sep 21st, 2012 - 11:56 am - Link - Report abuse 0
  • Captain Poppy

    I agree Santa Fe 2012 should.......like playing in traffic Corrientes Avenida

    Sep 21st, 2012 - 12:52 pm - Link - Report abuse 0
  • 2012

    @27 Conqueror Captain Poppy UK rubbish bloody arse...the biggest WIMP
    in this web site....He does not care about the “UK” or
    the “USA” ....he said he likes CFK and Argentina...and “his wife” has family ...and plans to travel to Argie land....because he likes....the Argies ...better than the UK and/or USA....
    You sound Knackered!

    Sep 21st, 2012 - 04:39 pm - Link - Report abuse 0
  • Captain Poppy

    Interesting thing is that the government has earmarked $2bn in oil and GAS IMPORTS from Venezuela in 2013. Another $2.7bn is earmarked for OTHER ENERGY IMPORTS. That’s still a drop in the ocean compared with an estimate by consultancy Abeceb.com that it will need to IMPORT FUEL to the tune of $14bn in 2013.

    Luis Secco, an independent economist, said the government’s projections of total income rising 23.8 per cent and primary spending up 15.5 per cent compared with this year, way out of line with his estimates of 27 per cent income and 28 per cent spending, based on higher possible inflation for 2013 than the budget’s 10.8 per cent forecast. In a note to clients, he said he expected the bill to pass, meaning:

    In 2013, once again, the budget will not prove a useful tool to evaluate the slant of fiscal policy.

    Sep 21st, 2012 - 06:21 pm - Link - Report abuse 0
  • 2012

    @ 31 Conqueror/Captain Poppy
    He likes everything from Argieland, the leader, the women, everything.That's why he keeps posting his comments....but never will release his name, address or phone number from Argieland or anywhere...
    why?
    He is a rubbish bloody english arse!

    Sep 21st, 2012 - 09:18 pm - Link - Report abuse 0
  • Captain Poppy

    right

    Sep 22nd, 2012 - 12:49 am - Link - Report abuse 0

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