MercoPress. South Atlantic News Agency
Argentines expect inflation to reach 33.5% in the next twelve months
Argentines expect inflation to reach 33.5% in the next twelve months, according to the latest report from the Finance Research Centre, CIF, which belongs to the Torcuato Di Tella University. This is half a percentage point higher than the previous release. Read full article
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Disclaimer & comment rulesTerminal decline. The IMF cannot allow Argentina to falsify their economic data. No IMF lender could risk losing all their money if the recipient is incapable of repaying it.
Mar 21st, 2013 - 12:33 am - Link - Report abuse 0CFK won't last until the next election, at this rate, she'll receive a 9mm retirement package.
This is what people expect?
Mar 21st, 2013 - 01:21 am - Link - Report abuse 033.5% inflation and the government reports around 10%.
How pessimistic are Argentineans at the moment?
And how little they seem to believe their government.
Does this happen from printing too much money? How does it work?
Mar 21st, 2013 - 01:48 am - Link - Report abuse 0Do they print the money, spend it at the current price levels, and get what they want at the current price levels? And then when that newly printed money starts circulating in the economy the prices become inflated?
Yea bushpilot!
Mar 21st, 2013 - 03:35 am - Link - Report abuse 0Inflation 101.
@2 good point. If the believers think it's 10%, do the non-believers forecast it at 40%? *not real math
Mar 21st, 2013 - 03:41 am - Link - Report abuse 0I woner if Cruella De Vill will restart the one way flights to oblivion for her distractors? Is it just me or has the flow of lies regarding The Falklands from her slowed down?
Mar 21st, 2013 - 09:38 am - Link - Report abuse 0It's not just the IMF who are noticing the effects of the inflation. The ordinary man on the street feels it most. At this (increasing) rate of inflation, it becomes more difficult to live day by day when you cannot even afford to buy a loaf of bread, or a gallon of gas.
Mar 21st, 2013 - 10:17 am - Link - Report abuse 0The pots & pans will be in for a beating as time goes by, but something more solid will beat against CFK's head if there are large scale food riots.
Apart from the trip to the Pope, CFK has been quiet because the Referendum took the wind out of her sails. It's difficult to respond to the vote without sounding sour. All they could do was try and claim that the vote had not legitimacy, but the fact that the vote was covered by the worldwide press, even in South America shows that Argentina was ignored.
I also suspect that Kretina was upset that her 'special' relationship with Venezuela was not going to continue, that she would not get preferential rates for oil or any more suitcases stuffed with US dollars. So she decided to leave early before they shoved Chavez underground.
It may be that TMOBA is keeping a low profile, because to do otherwise would expose her to the snipers. We can but hope that they hit the target.
We can take solace from the fact that when the inflation rate hits this level, it's usually followed by a complete change of Government and/or a revolution.
They'll be lucky if it stays around 33%, BCRA is growing the money supply 40% this year. Who wants to bet the inflation will be just around that number?
Mar 21st, 2013 - 10:44 am - Link - Report abuse 0If they devalue it will be even worse.
She stayed out of the press in light of Chavez' death and the emergence of the new pope. Now the hag is praying for a miracle. I predicted that she would be out by the end of the year on a bet, and the odds are looking pretty good.
Mar 21st, 2013 - 11:41 am - Link - Report abuse 0This is barmy, CIF reports 33%, government reports 10.8%, IMF call Argentina to account, CFK seeks a further term of office (via constitutional amendment... one would presume, within the terms of the constitution), seeks to insult britain, the falklands, calls on the pope to give his two-pennies worth, an embarassment on legs is what she is. Can she last any longer? What a muppet!
Mar 21st, 2013 - 12:34 pm - Link - Report abuse 0If they've been tendering for oil contracts at several times the price the US pays, I doubt that they have enough to keep the economy going. If business stops because there's no oil then inflation will sky-rocket.
Mar 21st, 2013 - 01:07 pm - Link - Report abuse 0There's no way that any of the austerity measures Europe is currently undergoing would prevent inflation becoming triple digit. The IMF are well aware that Argentina's recent bond payment may be the last and another default will only make it more difficult for a bail out. Better to let the whole economy collapse than try and plug a finger in the dyke when the hole is the size of a football.
The only question is, will there be enough fuel in the private jet when Kretina runs to the airport to escape?!
*starts looking into chilean and uruguayan banks as a possible investment*
Mar 21st, 2013 - 02:15 pm - Link - Report abuse 0Capital flight from Argentina into other localities will spike once it becomes clear that another default is unavoidable. Dollar clamp or not, it'll happen and there's bugger-all the government can do to stop it.
A nice short term investment with a shiny return, methinks.
Again, the British sepoys have created a vicious circle that will collapse in a spiral of new debt.... Chuckle chuckle. New junta coming soon..
Mar 21st, 2013 - 02:23 pm - Link - Report abuse 0@13 What is a “British sepoy”?
Mar 21st, 2013 - 04:01 pm - Link - Report abuse 0But does anybody believe it will only be 33.5%?
Mar 21st, 2013 - 04:01 pm - Link - Report abuse 0LOLs
#14 Concs
Mar 21st, 2013 - 05:18 pm - Link - Report abuse 0Sepoys are the source of all Argentinas troubles according to Argies. They are certainly all British, probably employed by MI6 and are presently causing inflation, depressing the value of the Peso and just fucking everything up generally. Anyone in Argentina will whine and tell you that none of Argentinas troubles are anything to do with Rgs, the Sepoys are clandestine secret agents that just fuck everything up.
Why they are called sepoys bI dont know. Being British, sepoys were Indian Soldiers which were employed by the British Empire in India.
Anyway, now you know, none of the shit is any fault of Rgs, its all our (British and Falklanders) fault which is why they hate us so much...
CFK is certainly having a bad hair month, first of all she had to deal with the FI referendum when the whole world finally found out the FI's did have the right to self determination
Mar 21st, 2013 - 06:02 pm - Link - Report abuse 0Then the death of Chavez hit her really hard although any realist knew that he had been dead for a few weeks & they were just trying to pick the right moment to announce it
And now her arch rival Bergoglio is the new pope & she has to go begging for help with her 'Malvinas' cause when she should be praying for miracles to save the RG economy
I always thought she wouldn't last her 2nd term due to health reasons but now I think she may not last the year........viene un otro crisis???
I wonder how much 'real' currency the trolls 'living abroad' are sending home to their families in Argentina??
Mar 22nd, 2013 - 02:57 pm - Link - Report abuse 018 Troy Tempest
Mar 22nd, 2013 - 05:49 pm - Link - Report abuse 0Give it another few months and it will be food parcels.
Two points.
Mar 22nd, 2013 - 05:53 pm - Link - Report abuse 0I have it on good authority that CFK's health is much worse than the government cares to admit, and deteriorating. The reason she left Venezuela before the funeral was that her doctors would not allow her to stand for six hours in the intense heat. (Though I am sure she is worried that her buddy Chavez has gone).
Regarding capital flight. An Argentine friend tried to purchase a ticket to Uruguay a couple of days ago and was told that all tickets were cancelled. Apparently, there is some issue with AFIP and they intend to raise the price of all tickets to go abroad. It's an attempt to stop people taking dollars out. I don't know if this has changed as I have been offline for a couple of days.
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