MercoPress, en Español

Montevideo, December 23rd 2024 - 07:27 UTC

 

 

US economy contracts in fourth quarter, first time since 2009 global recession

Wednesday, January 30th 2013 - 15:34 UTC
Full article 46 comments

The US economy unexpectedly shrank at an annualised rate of 0.1% in the fourth quarter of 2012, initial official estimates indicate. If confirmed, it would be the first contraction logged by the US economy since the 2009 global recession. The world's largest economy grew 3.1% in July to September. Read full article

Comments

Disclaimer & comment rules
  • ChrisR

    Kicked the can down the road again!

    One of these days, don't know when, somebody other than Obummer I suspect will have to deal with the debt in a real sense.

    How big will it be then? 20 Tn USD? 30? Pick a number!

    Jan 30th, 2013 - 07:24 pm - Link - Report abuse 0
  • yankeeboy

    We'll see, take a read:
    http://www.forbes.com/sites/ralphbenko/2013/01/28/how-president-obama-lost-his-shirt-to-john-boehner/

    Jan 30th, 2013 - 07:31 pm - Link - Report abuse 0
  • Nostrolldamus the 8th

    So UK economy shrinking (triple dip), US economy shrinking (double-dip), French economy shrinking, Italian econony shrinking, German economy stagnated, Spanish economy in major depression, Brazil economy not recovering...

    WHERE IS THE MIRACLE THAT YOU ALL TALK ABOUT ARGENTINA SHOULD IMITATE?

    hahahahahahahaha

    Jan 30th, 2013 - 07:35 pm - Link - Report abuse 0
  • Anglotino

    It's in Australia!

    Jan 30th, 2013 - 07:58 pm - Link - Report abuse 0
  • briton

    Keep watching .

    Jan 30th, 2013 - 08:02 pm - Link - Report abuse 0
  • reality check

    Someone tell me she is not trying to bullshit us that her economy is healthier than those she has just listed, please, I do not read delusional all that well, sorry!

    Jan 30th, 2013 - 08:04 pm - Link - Report abuse 0
  • Captain Poppy

    Argentina needs to do something.....anything. In less than a years times it has because more of a shithole over here....and expensive........I needed to get a pair of sneakers as I left mine in Misiones, they start at 250 US dollars for a pair........everything is etremely expensive in BsAs. The port here is overfilled with containers that are not allowed into the country because of import restrictions. The shelfs are not empty in stores only becuase they overstock the empty slots with items they can get so they do not look empty. People everywhere always look angry, no one smiles.....especially the wait staff, they always look like they resent the customers. Argentina has really declined in the 10 months that I was here last....The smells, the graffetti, trash everywhere......broken sidewalks.....a neglected city. Mendoza had rioting because fans could not get scoccer tickets. There is a lot that can be had here but the peronists just neglect their entire country

    Jan 30th, 2013 - 08:44 pm - Link - Report abuse 0
  • yankeeboy

    Cap, How much was a typical Restaurant meal? Last time I was there I was SHOCKED and I know it has only gotten worse.

    Nice to see you back btw.
    Good think you left BA is out of power again and they're expecting it to be even hotter tomorrow,
    Things should really start to heat up now..pun intended

    Jan 30th, 2013 - 08:51 pm - Link - Report abuse 0
  • toooldtodieyoung

    7 Captain Poppy

    Oh, how can you say such things??? Why, Gustbury and Tito-the-clown-troll say that Argentina is on the up and up.....

    They wouldn't lie would they??........ Oh, wait.... hang on a minute..........

    Jan 30th, 2013 - 09:43 pm - Link - Report abuse 0
  • Nostrolldamus the 8th

    @4

    Ever seen any mining town after the boom?

    hint: it's not pretty. (and that's a major understatement).

    A mining boom looks glorious when you are in the midst of it, like the stars are the limit. And aftewards, it is bad bad bad. I think 90% of all ghost towns in Argentina and the USA (the countries with most ghost towns in the new world), are former mining towns.

    That's all you need to know. Hope your children have dual-citizenship somewhere.

    Jan 30th, 2013 - 10:13 pm - Link - Report abuse 0
  • yankeeboy

    Toby, You're really ignorant about economies. It is sad that you'll never be able to see any of these places you envy so much.

    Australia puts Argentina to shame on every indicator.

    If you want to feel good about yourself and country start comparing Argentina to Bolivia or Ecuador. That is closer to home and more like Argentina everyday.

    Have the lights come back on in BA yet? Last time I was there Palermo/Recoleta lost power and the restaurant closed the gates so we weren't attacked. It was really scary.

    Jan 30th, 2013 - 11:34 pm - Link - Report abuse 0
  • Nostrolldamus the 8th

    May I remind you that in the 1980s Australia was a basketcase with major recessions every other year... all countries have their day in the sun, well at least those with anything worth.

    I don't live in BA you retard. And I've just checked your beloved La Nacion... odd, nothing about any power outrage.

    No one believes your make believe fairy tales of your experience in Argentina.

    Jan 30th, 2013 - 11:39 pm - Link - Report abuse 0
  • yankeeboy

    Well 1/3 of the country's population lives in BA whether you live there or not is irrelevant. And lots of them are using candles AND HAVE BEEN SINCE MONDAY. It's gonna be hotter tomorrow.

    I can hear the SOY and CORN withering from here. It is good for the USA although Farming isn't that much of a % of our GDP anymore. Did you know most countries have learned they can't really thrive when they have to depend 100% on the weather to pay their fuel bills. I wonder when your idiot rulers will learn that. Probably never.

    I se PetroBras sold out of Edesur it looks like the Brazilians are running out the door. I guess they want to be gone before the mad rush. I don't blame them.

    Jan 31st, 2013 - 12:01 am - Link - Report abuse 0
  • Raven

    Interesting Nostroll that you didn't attack #7 of Captain Poppys.

    We can safely assume that this is an accurate assessment of the current state of BsAs?

    Jan 31st, 2013 - 12:55 am - Link - Report abuse 0
  • Anglotino

    @10 Tobias

    ”So UK economy shrinking (triple dip), US economy shrinking (double-dip), French economy shrinking, Italian econony shrinking, German economy stagnated, Spanish economy in major depression, Brazil economy not recovering..”

    So Australia isn't having a triple dip recession.
    Australia isn't even having a double dip recession.
    Indeed, we haven't had a recession for over 20 years now.
    Australia isn't shrinking.
    Australia isn't stagnating.
    Australia isn't having a major depression.
    Australia isn't 'not' recovering.

    All booms end. Ours pretty much is winding down now. Will there be ghost towns? Probably. Though with modern mining there'll only be one..... two maybe.

    However we are still doing better than Argentina. Why? Why did your boom end?

    And when it did, why is your currency collapsing (ours isn't), your inflation rising (ours isn't) and your growth dropping so much (ours isn't)? And with lower government debt.

    “May I remind you that in the 1980s Australia was a basketcase with major recessions every other year... all countries have their day in the sun, well at least those with anything worth.”

    Aah here's the reason. And thank you so much for letting me say this. We had economic problems. We were protectionist, uncompetitive, inefficient with high debt.

    So we changed. We recognised our economic system needed to change or we would go backwards. We slashed tariffs, floated the currency, sold off government enterprises, cut subsidies, deregulated the economy and labour laws and now look at us. No recession for over 20 years. Why does Argentina keep repeating the same mistakes? We have already made them but you ignore them except to use them ammunition.

    You're doing what we did UP TO the 80s. Is it any wonder the gap between our countries continues to widen.

    Our best days are not behind us but in front of us.

    Australia's chances of a recession are much much lower than Argentina's.

    Jan 31st, 2013 - 01:37 am - Link - Report abuse 0
  • Nostrolldamus the 8th

    Argentina can't compete in international markets because everyone uses subsidies, and fake health concerns to ban products. They also engage in financial terrorism against us. So better to protect what we have than to lose it all by opening up our economy and being utterly drowned by subsidies products from the north and sweat-job products from all those under us... which unlike what the propaganda you guys like to portray, almost all of South America, all of Central America + Caribbean, most of the middle east but for some enclaves like Dubai, all of Africa, all of India, all of SE Asia, China, etc, are far poorer than us which far lower wages.

    I've said it before here, Argentina is stuck in the middle, not enough funds to lavishly subsidize, too “rich” to have dirt wages. Nothing can be done but to wait till the poor nations become a bit too costly, and for the rich nations to not be able to subdidize so much. Slowly that's happening.

    Jan 31st, 2013 - 02:15 am - Link - Report abuse 0
  • Anglotino

    Tobias that is the clearest and best reply I have ever received from you. You do make many perfectly logic points and I agree with some of them.

    I can't reply fully now on my phone at work but I will tonight. I'll freely admit that I am arrogant and ill refrain from that in my reply because I'd love this opportunity to reply to you.

    I was clearly wrong. You can indeed argue when you need to.

    Jan 31st, 2013 - 02:55 am - Link - Report abuse 0
  • mastershakejb

    @16
    Argentina's way of dealing with competition from abroad: Complaining and sticking head in shell like a turtle
    Chile's way of dealing with competition from abroad: Becoming competitive themselves and surpassing or complementing their competition in trade.

    You can either sit around and complain about how the world is, like Argentina is known for doing.......or you can get off your butt and work to build a better country and a better system. But blaming the system and everyone else, complaining all day while collecting welfare from your welfare state isn't doing ANYBODY any good at all.

    Jan 31st, 2013 - 03:06 am - Link - Report abuse 0
  • Nostrolldamus the 8th

    Its too late to do that. The train left the station. In order to do that, the standard of living of Argentina would have to be lowered to a fourth of what it is now, to compete with the Asians. We don't have the population size to compete with the largest nations, we are not small enough to become a niche economy in banking, beef, or oil, we are not rich enough to invest heavily in education or subsidies.

    Its well known in sports that when your team is stuck in the middle it stays stuck in the middle for a long time. The top teams get huge attendance, prize money, and advertisement/sales money; the bad teams can clear house or get the chance to grab good players on the cheap.

    Those teams with average records toil and drudge in the middle with no flexibility. Most just blow up the teams to start from scratch in the hope of getting to the top again. This happens in leagues all over the world.

    You cannot blow up a country in that fashion.

    Jan 31st, 2013 - 02:48 pm - Link - Report abuse 0
  • mastershakejb

    LOL, you'll never be a banking nation, that's 100 percent impossible. Beef alone isn't enough, but agriculture in general is possible...if you change president/policies.
    It was “too late” when China started, USA and England were already totally industrialized, and the Soviet Union was fairly advanced as well. So that's no excuse, the longer you wait, the harder it becomes. You're just screwing yourself farther into the hole by waiting/complaining/sitting on your butt.
    Many nations developed after other nations were totally developed. USA developed after England and became more powerful, China is developing after USA and becoming more powerful.
    Argentina has the resources to be a !powerhouse!, but you choose to sit around complaining and blaming everyone else for your own failures instead. You seriously have NO excuse, you're pathetic. It all boils down to Argies not wanting to work, and expecting the rest of the world to give them handouts they don't have to pay back.

    Jan 31st, 2013 - 03:02 pm - Link - Report abuse 0
  • Captain Poppy

    About 800 pesos at a decent restuarant. And no one will take a debit or credit card........cash ONLY. The city had electricity and does today as well. In for an orange alert though. Heading back to the states next week. The cab drivers are getting worse and worse.....not sure what is worse....the buses or the cabs.
    Yankee you cannot imagine or believe all the containers sitting and rusting at the port waiting to get into Argentina.........as the people go without, or things extremely expensive.

    Jan 31st, 2013 - 04:06 pm - Link - Report abuse 0
  • svt

    What Captain Conqueror is talking about? Is he “fixing” the economy in the USA? No. Why? He does not care about the economy in the USA, his “country” as he said...
    I paid $150 USA dollars for a pair of shoes (SAS made in the USA) The average pair of shoes made in the USA starts at $150 to $1,500.
    What the average USA citizens buys? Shoes made in China that worth
    $20 USA dollars and last one month!
    The cab drivers are from the middle east countries such as Iraq, Iran, and stink! These men never take a bath! and hardly speak english well! They have no manners.
    Most credit cards charged additional fees.
    Fast food restaurants are closing.
    The food prices are very high.
    Food banks such as the Salvation Army is calling for donation of food, clothes, shoes, etc.
    The USA citizens are suffering, they look mentally depressed with no hope for the future.
    Guns shots everywhere: in schools, shopping centers, movie theaters, parking places! what a mess!
    Is Captain Conqueror going to resolve this mess in the USA? No. Why? He don't cares what is going on in his “country”!

    Jan 31st, 2013 - 06:59 pm - Link - Report abuse 0
  • yankeeboy

    Cap is that $800 for a party of 4 with wine etc?
    I think I mentioned awhile back don't be too sure your credit cards or the atms will work. In the last crash the only places that would take cc were the Intl Hotels everyone else wanted cash preferable U$.
    Lots of BA neighborhoods are w/o electricity again today, apparently parts of Caballito haven't had it since December!
    and
    Poor Toby has no water. He has to go to the well and carry it on his head who know how they flush the toilet or take showers. The tourists must love that! How embarrassing!

    Another blistering day in the Pampas, no water means no SOY or Corn.
    means no fuel...and on and on it goes.

    Jan 31st, 2013 - 09:44 pm - Link - Report abuse 0
  • Captain Poppy

    No one will take a debit or credit card here. Recoleta has not been affected by the black outs, other neighborhoods have been without electricity for several days. I am amazed by the number of Brits here, everywhere I turn there are British tourists. Funny when I got here, two jets landed, 15 were tourists and the rest were Argentines returning from Miami.
    The past few days were scortching hot, before that it was really nice....even cool.
    It really has become bad in this past year and this next year will be a mess. I like Argentina Yankee......I just hate seeing them.......asslips kirchner and all of them flush her in the toilet. Walking on the sidewalks is a risk in itself it is soo bad.....holes.....chucks of walks missing.......real serious neglect in one years time.

    Feb 01st, 2013 - 02:50 am - Link - Report abuse 0
  • mastershakejb

    lol ssvt has clearly never been to the states, or only to the poor immigrant parts, as poor immigrants often do(florida, new jersey, crappy parts of southern california and texas).
    BTW, I buy my shoes with USA brand, made in China, usually cost about 100 ish dollars, and last pretty much forever. In fact, I have to throw em away when I get bored of em, because they seriously don't fall apart fast enough. I usually buy Merrell or Vasque.
    LOL, your credit card may be charged a fee, but that's clearly because you're a stinky, poor immigrant. I have NEVER, in my 28 years of life since being born in the USA, ever been charged a fee for using my credit card, lol. That's Argentina that charges you to use dollars through your card, not USA, you gettin confused again.
    Food prices in USA are pretty cheap actually, some of the cheapest in the world, specially for high end stuff. Argentina, on the other hand, is a NIGHTMARE for food prices, totally unbelievable, more expensive than Japan or Australia nowadays.
    Most Americans, I'd say, from my last trip back during Christmas break from my world travel, seem fairly content, it really depends what part of the country you're talking about. I live in the rich parts ;)

    Feb 01st, 2013 - 03:03 am - Link - Report abuse 0
  • yankeeboy

    Cap, they don't take credit cards because the payments are delayed a month or two for processing. It is not like in the USA where they x-fer the $ daily/immediately. So when there is an imminent threat of devaluation it could really cost the seller a lot of $.

    The side walks were in pretty bad shape on my last visit, the graffiti was out of control and there was garbage everywhere. It was pretty gross.

    Don't get me wrong I like Argentina too. If it was safe and clean I would probably still be living there. I had a wonderful house, staff and many friends. It just got too scary to live there everyday. I don't mind visiting when I have to for business etc though.

    I used to have lunch at Claridges, it is a downtown hotel that was near my office. I would love to know how much the Executivo lunch is now. I was shocked last time, seriously shocked! If you are around there check it out for me. They usually have a sign right in the lobby with the price. Also it is a great place for lunch with a pretty bar area. The rooms are a little dingy though I wouldn't recommend staying there.

    Have fun and be safe.

    Feb 01st, 2013 - 12:29 pm - Link - Report abuse 0
  • jdt

    @25 aka yankee-slum-boy
    I reside in the USA and SA. I don't use credit cards. You are nothing more than a stupid anti-argentinian.
    Still I am waiting to hear why UK PM David Cameron insists to maintain diplomatic relations with Argentina.
    Can any of the UK team answer my question?

    Feb 01st, 2013 - 06:14 pm - Link - Report abuse 0
  • julia

    No, they can ....The UK Team cannot find Zhivago!.....

    Feb 01st, 2013 - 08:05 pm - Link - Report abuse 0
  • Anglotino

    Because Argentina's futile actions over the Falkland Islands has no effect on the UK or the world and Argentina is more than CFK.

    Relations in countries are measured in centuries not a few years under a populist president who attempts to deflect attention from her poor economic management.

    The UK's recession will end. Argentina will have a new president. The Islanders will still live there.

    Breaking off diplomatic relations wot change any of the above.

    Feb 01st, 2013 - 08:07 pm - Link - Report abuse 0
  • julio

    @29 Langostino
    Accept the facts:
    Breaking the diplomatic relations between the UK and Argentina is the best solution rather than printing the insults from Merco-Penguin-Press!
    The brits don't like argentinians.
    Former argentinian president Carlos Menen ruined the economy and started diplomatic relations with a the UK which is unacceptable!
    What UK PM David Ca-Moron is waiting for?
    The UK has complained about “argentine harassment”. That is enough!
    Fuera de mi pais ingleses ODIOSOS!

    Feb 01st, 2013 - 08:32 pm - Link - Report abuse 0
  • ChrisR

    30 julio

    Got your knickers in twist, haven't you?

    The Brits generally don't even KNOW about AR but TMBOA is doing her best at showing you all as a bunch of cunts.

    Now I know that is not correct. There are many Argentines who I respect: Simon68 for one and there are others such as my next door neighbour and his family who come over for their summer break to Uruguay.

    Some Brits, myself included, on MP DETEST the Malvanistas because of the lack of intellect, the hubris they spout over their world leading country and their total ignorance of the world in general. This ignorance does not stop them posting the most ludicrous nonsense imaginable.

    Frankly I couldn't care less if AR breaks off Diplomatic Relations: but you see they WON'T.

    It would mean the TMBOA would be further demoted down the international forum than she is already.

    Who do you think the real countries of the world are going to stick with, the United Kingdom or Argentina, when push comes to shove? It will not be Argentina, except for the dead-heads of SA and N. Korea, etc.

    Feb 01st, 2013 - 08:53 pm - Link - Report abuse 0
  • julio

    @31 ChrisR aka Zhivago
    The UK keeps complaining about “argentine harassment”, if so, the UK should do something to stop the harassment or better say the Falk-slum-islanders fears!
    Argentina don't need a shit from the USA!
    The USA is flat broke with 16 trillon dollars debt!
    And the UK owes 2 trillons!
    Is time for these 2 countries to start paying their foreign debt rather than borrowing from third world countries to meet their payments!

    Feb 01st, 2013 - 09:16 pm - Link - Report abuse 0
  • Anglotino

    Julia/Julio/Susie

    I still haven’t seen a good argument for breaking off relations. You might want to troll all over this site spouting unsubstantiated noise but it still won’t change facts on the ground.

    The UK has no reason to break off relations and neither does Argentina.

    Argentina is more than a government. It is more than CFK. CFK will one day lose power and disappear and Argentina will go on. Diplomatic snubs and insults are just that – snubs and insults. CFK has made Argentina look juvenile and pathetic with her actions regarding the Islands and that is totally fine by me. Those of us that don’t live under populist politicians see her deflection a mile off. Unfortunately many Argentineans are indoctrinated with a sense of victimhood so they gullibly accept and support this deflection. In the scheme of things, Argentina is not an important country. It could have been an alternative to the Brazilian behemoth in Latin America and on the world stage but it has squandered this.

    You can blame Menem for ruining your economy, but in a democracy the people have to take ultimate blame. Argentineans elected CFK. You believed and supported her husband. You believed and supported her. The result is the financial and economic mess that Argentina is slowly sliding into AGAIN. Who is to blame now?

    “The brits don't like argentinians.”

    Don’t confuse dislike of government policy for dislike of an entire country. Extremely immature and juvenile mistake.

    “Fuera de mi pais ingleses ODIOSOS!”

    So be it, but Argentineans will always be welcomed in my country and Brits (and Aussies) will always be welcomed in other countries of Latin America. Just because Argentina drives away investment and tourists, does not mean that companies invest less or people travel less. They just go elsewhere.

    You won’t take any of this on board, which is fine by me. Without realising it, you provide a platform for people like me to make my opinion known without offering an alternative vision.

    Feb 01st, 2013 - 11:15 pm - Link - Report abuse 0
  • DanyBerger

    @Anglotino

    What you cannot understand is that countries like UK have become irrelevant for Argentina.
    For good or bad Argentina was forced to partner with the “developing world” in commercial terms.

    Paradoxically the developing world slowly is taking over the “developed world” and now the “developed world” are more desperate to partner with de DW than the DW with the developed world.

    Now lets see your competitive Australia, shall we?

    Australia GDP PPP: USD 960bn
    Australia GDP OER: $1.542 trillion

    Australia external debt: $1.466 trillion

    Argentina GDP PPP: USD 747bn
    Argentina GDP OER: USD 501bn
    Argentina external debt: USD 130.2 billion

    According with these numbers and taking PPP to avoid currency distortions, Australia only had performed 28% better than Argentina.

    But at what cost?

    Huge external debt close to 100% of its OER GDP, Over value currency, etc.

    In fact Australians exports have dropped 1bn from 2011 to 2012.

    And imports went up 15bn from USD 242.2bn in 2011 to USD258.1bn in 2012

    The external debt had rose USD 100bn from 2011 to 2012 at this average in 5 years external debt will be 200% of GDP.

    Lets say that Australia is following the steps of her master puppeteer England going directly to a financial mess.

    This takes time of course but you are still in time to fix the problem else all number will turn into deficit and the debt will be unsustainable in the long run.

    Feb 02nd, 2013 - 12:44 pm - Link - Report abuse 0
  • DanyBerger

    US Economy contracts and what US congressman Preti is doing?
    Traveling to have a free holidays to see just penguings.

    And then people wonder why US is ruined...

    Feb 03rd, 2013 - 11:09 am - Link - Report abuse 0
  • Captain Poppy

    Yeah dunburger....your intelligence is uncanny to realize the Preti's travel will put the US into bankruptcy.

    Feb 04th, 2013 - 09:20 pm - Link - Report abuse 0
  • DanyBerger

    @Captain Poppy
    Read it again please...

    I know that you speaks Spangish but even a mexican would have understood my comment.

    Feb 05th, 2013 - 11:17 am - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2013/01/30/us-economy-contracts-in-fourth-quarter-first-time-since-2009-global-recession#comment210496: No more than an Op-Ed about the GOP, the party of fat, old, white men, digging its own grave.

    Feb 07th, 2013 - 01:20 am - Link - Report abuse 0
  • Captain Poppy

    So what are you hepatia? a skinny, juvenile native girl jumping in it? Everytime you trolls use the phrase...“whiteman” it leads me to beleive the natives are restless.....and jealous of skin colors. Blames the Rgentines for committing genocide against the indigenous people that once thrived in Rgentina.

    Feb 07th, 2013 - 11:29 am - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2013/01/30/us-economy-contracts-in-fourth-quarter-first-time-since-2009-global-recession#comment213947: No point trying to change the subject - which is (read the article again if you need to) the GOP.

    Feb 07th, 2013 - 12:14 pm - Link - Report abuse 0
  • Captain Poppy

    only rgentine trolls divert. Ok let's stay on track.....2.2 is up from 1.8. Developed countries NEVER have roller coaster rides. Do you only read about what happens in the USA or do you actually go there?

    Feb 07th, 2013 - 04:59 pm - Link - Report abuse 0
  • DanyBerger

    Oh!

    Poor Crap tain Poop y, his country is falling like stone more borrowing is need and more green toilette paper will have to be printed.

    Feb 07th, 2013 - 07:16 pm - Link - Report abuse 0
  • ChrisR

    @42 Fake Dunny-Burger

    But you are missing the point of the dollar: it is the worlds’ FIAT currency and, in theory they can print huge amounts without it being a disaster FOR THEM.

    Try printing that arsewipe rubbish that AR has and see where that gets you. OH, TMBOA already has, hasn’t she, the Pesos has tumbled against the ‘Blue’ because not even your own people want the crap.

    LOLs

    Feb 07th, 2013 - 08:56 pm - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2013/01/30/us-economy-contracts-in-fourth-quarter-first-time-since-2009-global-recession#comment211877: The present US economic problems can be sheeted straight home to the GOP - congressman Petri's party. So Petri's foreign trips can be seen as nothing more than the flight of an economic refugee.

    Feb 07th, 2013 - 09:52 pm - Link - Report abuse 0
  • Captain Poppy

    That green toilet paper that asslips kirchner needs and prevents the argenturds from owning, the same green toilet paper the entire world currently uses to traade. BTW......call the USA whatever you like, say the USA is collapsing, say anything....I know reality here as I live here in the USA and the reality in Rgentina as I have been there enough, and just returned once again. You think your ridiculous statements impact? Really.....stop being so rgenturd and grow up.

    Feb 08th, 2013 - 01:19 am - Link - Report abuse 0
  • DanyBerger

    @ Chris Ram Bom

    “But you are missing the point of the dollar: it is the worlds’ FIAT currency and, in theory they can print huge amounts without it being a disaster FOR THEM.”

    Please update your clock because is back at least for 30 years.

    US thanks to the huge debt incurred cannot as in the past print all what they want without consequences any more.

    None buys “blue” idiot if so the peso should collapsed 2 years ago.

    Yesterday or the day before drops 2% and without operations and in fact if the central bank drops dollar ein the market the Blue will be black because the parallel market is insignificant.

    The dollar Blue in free fall according with the “Cronista comercial”.

    El dólar blue, en caída libre: cedió 14 centavos y se consiguió a $ 7,58
    http://www.cronista.com/dolar/El-dolar-blue-en-caida-libre-cedio-14-centavos-y-se-consiguio-a--758-20130205-0112.html

    What its make to remember another welsh word that I’ve have learned in Patagonia.

    Here I go “Seguin dind Chupandulas Ingles Peloutudumdum”.

    My apologies for any bad spelling or grammar mistake made unintentional to this great welsh Language.

    @Crap tain PooP y

    Where do you live in a bubble?

    US is collapsing slowly and steady takes time but you can deny that shitty US is falling like stone.

    Flag waiving idiots dies first.

    Feb 08th, 2013 - 05:12 am - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!