MercoPress. South Atlantic News Agency
YPF admits ‘inflation in Argentina is a problem” and could be higher by next year
Argentine nationalized energy company YPF warned on Tuesday that inflation in the country may keep rising and affect its results, a rare admission considering the company is controlled by a government known for playing down the problem. Read full article
Comments
Disclaimer & comment rulesYou can,t lie to the U.S. Securities and Exchange Commission,they will block investment if you do.
May 02nd, 2013 - 08:37 am - Link - Report abuse 0To everyone else you can lie(apparently)
You can lie to all of the people some of the time.
May 02nd, 2013 - 08:41 am - Link - Report abuse 0You can lie to some if the people all of the time.
But you can't lie to all of the people all of the time.
“YPF admits ‘inflation in Argentina is a problem” and could be higher by next year”
May 02nd, 2013 - 09:17 am - Link - Report abuse 0.................fingers crossed!
Inflation in Argentina is currently 30% next year > 40%.
May 02nd, 2013 - 09:44 am - Link - Report abuse 0Invest in Argentina, you will lose your shirt.
another change in the board of ypf: it´s not possible that ck lies. she´s just stupid and so will replace the director who tells something about inflation above her estimation. and the whole world has another reason to laugh about her.
May 02nd, 2013 - 09:51 am - Link - Report abuse 0They're going to have to walk a very fine line in the lies they tell inside of Argentina and the lies they tell outside of Argentina.
May 02nd, 2013 - 10:49 am - Link - Report abuse 0I can't imagine YPF will be listed in NY for very long
I don't know why they're even bothering
I'm kind of surprised Elliott hasn't gone after the Gov't shares...yet
Some interesting parallels.
May 02nd, 2013 - 10:52 am - Link - Report abuse 0http://www.economist.com/news/finance-and-economics/21576665-grubby-greenbacks-dear-credit-full-shops-and-empty-factories-dollars-they
@6 probably because the payment obligation is specified in the bonds as being US rather than US (or its equivalent in....) as such he won't be able to attack non cash assets in lieu of payment. However, the courts could possibly freeze those assets if a judgement was not adhered to...
May 02nd, 2013 - 01:37 pm - Link - Report abuse 0Another record for the Peso at this rate it could be 10/1 by next week!
May 02nd, 2013 - 03:11 pm - Link - Report abuse 0I hope our Rg friends have put their money where their mouth is and have stashed away plenty of Pesos.
I can't give mine away
Finally, they will start to acknowledge that economies don't run on Marxist pixie dust and ignoring facts.
May 02nd, 2013 - 06:15 pm - Link - Report abuse 0No, Peronism is a problem. CFK is a problem. Tinpotman is a problem. PutridJelly is a problem. Laura the Tiny is a problem. Randy Florence is a problem.
May 02nd, 2013 - 06:42 pm - Link - Report abuse 09 yankeeboy
May 02nd, 2013 - 06:54 pm - Link - Report abuse 0Patacones on the horizon yet?
12. They've been pushing so many pesos into the economy they haven't needed them just yet....yet.
May 02nd, 2013 - 07:11 pm - Link - Report abuse 0She is strangling the Provinces and not giving them the % of taxes that they are legally required to share. I would bet in the non-gov't aligned provinces you'll see them soon.
One more straw
just one
'Blue Dollar Sky Rockets 22 cents to AR $9.62'
May 02nd, 2013 - 07:52 pm - Link - Report abuse 0Is the beginning of the end?
There is no inflation in Argentina - Axel Arg tells us regularly that all the stories about inflation are “made up” and Stevie confirms this is due to “bias” by all the Anglos.
May 02nd, 2013 - 09:15 pm - Link - Report abuse 0I really cannot understand why so few of you believe them..it isnt as if they haven't produced enough proof that is no inflation in Argentina: THEY've said there isnt on MANY occasions.
Its about time all you Anglos started listening to them, especially Stevie as he LIVES THERE and you DO NOT!
And Axel is a TEACHER, so he MUST be telling the truth.
Is Patagonia voting for independence yet?
May 04th, 2013 - 07:29 am - Link - Report abuse 0Commenting for this story is now closed.
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