MercoPress. South Atlantic News Agency
Argentina trade surplus up 26.9% in June as grains and oilseed exports get moving
Argentina's June trade surplus grew by 26.9% to 1.16 billion dollars from 910 million in the same month last year, but the six month period was down 26%, the government's national statistics institute Indec said on Tuesday. Read full article
Comments
Disclaimer & comment rulesRG's.....can you say fief? An agrarian economy in the making. Stand in line A and Kim So Lo will hand you your black pajama's.......line B for your unique haircut.
Jul 24th, 2013 - 09:28 am - Link - Report abuse 0And time moves on, more new citizens are born, the people buy and learn and work, the economy grows and diversifies and modernizes. The land readily offers up its resources. The debt stagnates and gradually shrinks and rusts with time. Another page in history.
Jul 24th, 2013 - 11:20 am - Link - Report abuse 0Which will die off first.
I guess the trade surplus wasn't enough to pay for our electricity last night. The mad cow pulled the plug on our electricity for four hours on one of the coldest nights.
Jul 24th, 2013 - 11:35 am - Link - Report abuse 0My concern is for those who need electricity to care for their sick. Even her vile creatures were too cold to go out on their nightly raids.
Vestige
Jul 24th, 2013 - 11:53 am - Link - Report abuse 0Your theory is lacking two important drivers.
Mass emigration OUT of Argentina taking skills and wealth.
Extremely high inflation which is stealing future growth and investment by causing a consumer boom as the only avenue left to stem a loss of purchasing power.
Time to study economics.
2. What country are you talking about?
Jul 24th, 2013 - 12:28 pm - Link - Report abuse 0The debt has not gone away, in fact there is more debt that ever before in the history of the country. The unpaid debt has a daily interest and penalty charge that clicks along day by day. It is only the Rg that think they won't have to pay it.
Boy are they going to be surprised!
As I have said for a lone time, Nobody is going to bail out Argentina of this next collapse. Nobody. In the last 100yrs you've always had someone but this time there's not a U$ to be seen.
It will be fun to watch
Call Iran and North Korea and ask them how they are muddling though
#3 in tobi's little home of Mendoza, it hit -10. ALmost as cold as Massachusetts gets in the winter. Maybe the 6 dies when she pulled the electricity.
Jul 24th, 2013 - 12:42 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/136769/cold-snap-leaves-six-dead-across-argentina
They seem to think the debt will be forgotten. The RGs still talk about the 1800's, why would anyone forgot their default?
No support from the USA OR IMF.
Anglotino (et al trollem) -
Jul 24th, 2013 - 12:46 pm - Link - Report abuse 0which do you think will die off first, Argentina's debt or Argentina.
That soon to be avoided question aside.
wiki quicki: “between 1992 and 2003 an average 13,187 people per year immigrated legally in Argentina”.
Oooh - Practically open door policy to European immigrants
Natural change per year : births vs deaths: 381 000+
and just for you : net migration rate ~ 0%
381,000 fresh rg's for you every year .... you will be ...assimilated.
Your immigration is mainly from Bolivia and Paraguay not Europe, and even that turned around in the last couple of years with a huge % of Paraguayans going back home for better opportunities.
Jul 24th, 2013 - 12:57 pm - Link - Report abuse 0You actually have a good point, Argentina isn't going anywhere that is why eventually they'll have to pay their debt. It is not just the holdouts don't forget the Paris Club and the U$65B in judgements from ICSID.
@yankeeboy
Jul 24th, 2013 - 01:29 pm - Link - Report abuse 0Ha ha Yankee bobo talking about debt when USAMEX has the record in the world and rising.
What you are gonna do?
Vestige
Jul 24th, 2013 - 01:43 pm - Link - Report abuse 0Your reply at 7 was truly pathetic.
1992? 21 years ago?
2003? A decade ago?
What about 2012?
Or the 10 years preceding that. You know the miracle years of Kirchnerism.
But WOW. You really blew my socks off with 13,187 people PER year emigrated to Argentina. And a net rate of 0%?
Thirteen WHOLE thousand. PER YEAR!
Her's some statistics. Try to keep up:
13,421
That's the average annual REFUGEE intake for Australia for the last 5 years.
Positively an open door according to you.
But wait. There's more.
184,998
That's the net migration rate for the year ending June 2012. And that isn't even considering a particularly impressive figure. The same is projected for this year and next.
74,347 was Australia's average annual net immigration during the period you stated. How times change, we are more than double that rate now.
Plus on top of that during that period we accepted an average of 12,770 refugees per year.
With Argentina's “practically open door” it is a wonder any other country could compete.
Now try for some more recent statistics. Let me help you. Take your figure and put a negative sign in front of it. Much closer but still way off.
That is a more up to date figure than your pathetic reply. Especially considering that according to CEPAL, Argentina had a NET immigration figure of -25,874 for 1990-2000. So it's NET annual migration rate in the 90s was -2,587.
Argentina is a country very welcoming of immigration. However it is now a country of emigration.
One wonders why when countries such as mine are now attracting even more migrants than we once did. Where did Argentina go wrong?
So be a good troll. Try to find some up to date figures that reflect Argentina's current economy and current government.
9. None of our debt is overdue and it's all priced in our own currency. There are lots of ways to pay it, lots and lots.
Jul 24th, 2013 - 01:56 pm - Link - Report abuse 0Over the next decade we will make significant headway into the debt by lowering gov't expenditures ( sequestration is already taking care of it), GDP growth, energy independence (maybe sooner than a decade), possible even becoming an o/g exporter ( 300yr supply in natgas!), China failing ( mfg moving back for stability and low energy cost) lots and lots of good thing happening.
Glad to debate you anytime.
Go...
I see.
Jul 24th, 2013 - 02:25 pm - Link - Report abuse 0Very interesting. Indeed.
Anyhoo......which will die off first Argentina or Argentina's debts.
(oh I already asked that rhetorical question)
Now then.
You sah, are using a comparative with Australia....Why is this relevant and important.....answer: it isn't. (Why not use outer Mongolia ?)
Im very happy for the people of Australia if thats what they want.
However, we must return to the original comments, which I shall paraphrase .....thus...
Me: The debt is a feature (historically common) which cannot endure as long as Argentina.
Anglo: Mass emigration is taking skills out of Argentina. Inflation is extreme.
Me: Which will die first, Argentina's debt or Argentina. Net immigration aside 381 000+ new citizens born annually.
Anglo: yeah well Australia gets more than you do so there.
(Gives statistic)
according to CEPAL, Argentina had a NET immigration figure of -25,874 for 1990-2000. So it's NET annual migration rate in the 90s was -2,587.
Back to the present.
Anglos stinging statistic of - 26,000 over 10 years is somewhat offset by 1. My previously given positive population growth rate.
(+381,000, per year)
2. My previously not given information, presented here as:
The government calculates that 504,000 people entered the country during the same period, ( 1992 and 2003) giving about 345,000 undocumented immigrants. (or +13,187 vs your -2,587 p.a for the 90's/early 00's)
Not forgetting that this still continues annually.
This is a program in place to regularize such immigrants.
Premise of original comment:
Argentina is growing, debt is a common historical feature which can only carry over for so long, inevitably the country outgrows it.
Argument: Your country is not growing. Australia has more.
Evidence: Statistics solidly proving in favor of original comment.
Irrelevant: Australia's immigration. Poland's immigration. North Korea's immigration.
Ah yes, by the way.
CIA factbook for 2013 : Argentina net migration 0% :)
Growing does't mean more productive now does it?
Jul 24th, 2013 - 03:10 pm - Link - Report abuse 0And your premise that debt goes away is false
It hasn't and it won't
It has ony grown exponentially over the last decade.
Oh I forgot to add in the U$10B that Repsol wants too.
All of it is past due and payable immediately.
And it is about 20X in what BCRA has in ready cash.
So now what?
So now I ask you ..... which will disappear into the ether first.
Jul 24th, 2013 - 03:44 pm - Link - Report abuse 0What's wrong Yankee.....is it the word surplus, the US hasn't had one since 1976 you are more comfortable with the word deficit, I guess.
Jul 24th, 2013 - 03:49 pm - Link - Report abuse 0Fortunate for you that us foreigners invest so much in your country otherwise you would be right up the creek......did I say your country opps' I meant our country Canada, China, Mexico, India, UK, Germany the rest of the world and Argentina.
What does it feel like to know you are dependent on the goodwill and investment from the world and would starve without us?
I am quite happy to have done my bit for you......keep you from begging.
Seems the world knows a good place to put their money. Mestizo's like us A know know matter how much we talk down the US of A, it will not make our dreams come true.
Jul 24th, 2013 - 04:01 pm - Link - Report abuse 0Are we on for another raunchy, sweaty session tonight again? Top or bottom tonight.....your call?
I wonder what will happen when the big American companies DO close up and move out and don't kid yourselves the way things are going IT WILL happen?
Jul 24th, 2013 - 04:51 pm - Link - Report abuse 0Will GE leave the best part of US$1.8 BILLION or whatever it climbs to by then IN The Dark Country? Ha, ha, ha. I DON'T THINK SO.
And how much has GM got to repatriate?
It may even come to a shooting match with the States if the argies are lucky and they can find somebody to give them credit for the cartridges they havn't got for the rusty rifles that they have got!
I just CANNOT see a new US President allowing The Dark Country to get away with this sort of theft.
15. Clearly you don't have the ability to understand economics. I can't imagine it is taught since every decade for the last 100 years there is a currency crisis.
Jul 24th, 2013 - 05:23 pm - Link - Report abuse 0You'd think they'd learn
I think they're too lazy and dumb so they're easily manipulated.
@18
Jul 24th, 2013 - 05:44 pm - Link - Report abuse 0Clearly You and the USA doesn't understand simple economics otherwise they wouldn't have the greatest debt in the world!
In the words of Mr Micawber........
“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.”
Nett Migration is just like Trade Surpluses -
Jul 24th, 2013 - 05:59 pm - Link - Report abuse 0they hide more than they show.
For example:
If a million middle-aged high flyers depart a country and a million and a half of the young world's poor come in, the nett quality drops irrespective of the flows in and out.
For example:
If the trending total flux of trade last year was 50% higher than this year, even though exports might exceed imports by a growth of 6% over the year, the prospects for the future look dire .. whatever the trade surplus indicates.
Micawber had it right - but he only expressed a small part of his problem.
Middle aged high flyers and the worlds young poor.
Jul 24th, 2013 - 07:17 pm - Link - Report abuse 0If only we had the stats for their exchanges within Argentina's migration.
But ...we don't
So ... we don't allude to know something.
Because ... that would be pointless.
19. We're doing just fine. Don't worry about the USA, we've had 200+ years of steady upward growth and increase in power. I can't see that changing in anyone's lifetime.
Jul 24th, 2013 - 07:23 pm - Link - Report abuse 0It is weird how unfamiliar some of the Argentines are with math.
Jul 24th, 2013 - 08:42 pm - Link - Report abuse 0Anyway, Obama and the Republicans are now YEARS ahead of schedule in the Grand Bargain of paying down debt. A debt that was left because of decades of stuck right wing rule, same as you guys.
Butmuch much less intense per capita for the money U.S. citizens make.
23 Ayayay
Jul 24th, 2013 - 09:30 pm - Link - Report abuse 0Mmmm, it's even worse because it's not “math” it's arithmetic: addition, subtraction, multiplication and division.
“Math” involves equations and stretches to include trigonometry. Which of course the argies never use because they end up lost anyway.
@23
Jul 24th, 2013 - 09:36 pm - Link - Report abuse 0US National debt for 2012
$16,432,730,050,569
GDP…….$15,811,000,000,000
Debt per capita…….$52,152
per capita income…….$27,554
.......You were saying?........Do you have a problem with Arithmetic?
http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm
Argentina’s trade balance for June—the net difference between its exports and imports for the month—just jumped 27% from a year earlier to $1.16 billion, according to its national statistics bureau (INEC). That’s welcome news for a country struggling to gather foreign cash to start paying off its myriad foreign debts.
Jul 24th, 2013 - 10:45 pm - Link - Report abuse 0Exports jumped 8% in June to $7.55 billion on the heels of a record harvest in the country. Primary good exports, especially grains and cottons, climbed 20%. And Argentina finally began tempering its imports of foreign oil; energy imports rose only 7% for the month, well below the double digit growth seen of late (energy imports have risen 23% in the first half of the year), and on par with the 7% spike in energy exports for the month. Perhaps it explains the electricity cuts and deaths fromn the record cold.
But despite the strong numbers for June, Argentina’s trade surplus dropped nearly 26% in the first half of 2013 compared with the same period last year. As foreign investment has fallen in the wake of its 2001 debt default, Argentina has depended more on its trade surplus to fund the foreign exchange reserves needed to pay its debts and import bills. But its reserves of foreign cash have been falling for some time now, and fast.
Argentina’s central bank lost $2.84 billion in foreign exchange reserves in the first quarter of 2013 alone, almost as much as it lost in the whole of last year ($3.08 billion). The country’s tourism industry, another way to build up foreign reserves, is in the dumps(we hate tourists anyway). That means continuing to boost its trade surplus remains the only way to revive its faltering economy. Too bad record harvests don’t come along every month.
PS
A_Voice...you are not answering my calls. I feel more like a top tonight and that makes you pleased the most........ok?
With debt like that American's should do what we do in Argentina.....stick our head's up our ass and pretend it does not exist.
Jul 24th, 2013 - 11:00 pm - Link - Report abuse 0Speaking of ass'es.....DB.....11 tonight at Tortini's.
26
Jul 24th, 2013 - 11:01 pm - Link - Report abuse 0You are the fake Dany, which means you are the fake AVoice...... I very much doubt whether you could afford to call me......I smell a Yank that narrows it down. Now how many Yanks do we have.....
@22
Jul 25th, 2013 - 01:47 pm - Link - Report abuse 01950: USA 54% of World's GDP
2015: USA 19% of World's GDP
Wow tobi....that was absolutely brilliant presenting figures from psot WWII rebuilding in 1950 when the world had more undeveloped economies than there is today. Did you have to search for those figures into between power outages in Mendoza? As mature economies stablize and new, up and coming developing nations build markets and economies, are you surprised by that drop? That's like displaying 1 +1 =2. You really are a modern marvel.......
Jul 25th, 2013 - 02:18 pm - Link - Report abuse 0Do some cerebral stem cell injections before your next brain fart.
Quote from yankeeboy:
Jul 25th, 2013 - 02:40 pm - Link - Report abuse 0“We're doing just fine. Don't worry about the USA, we've had 200+ years of steady upward growth and increase in power. I can't see that changing in anyone's lifetime.”
You just said:
“up and coming developing nations build markets and economies, are you surprised by that drop?”
Drop or rise in power?
Don't attack me, which is getting cheap by the planksecond, it seems you and yankeeboy have some anti-argie strategy to sort out.
Drop or rise?
drop?
rise?
ha.
Sounds like you are describing Argentina. Of course, based of your lack of understanding of the macro world of economics. Now, how does a nation take debt from private enterprise importing again? Are you still confusing currency drain with national debt? Of course you do understand the loss is offset with DFI, like A_Voice who pays taxes in the USA from the houses he purchased. Of course, owning real estate in the USA is a public record.
Jul 25th, 2013 - 04:04 pm - Link - Report abuse 0So to make up for a huge import gap, one is supposed to allow DFI which is none other than DFO, direct foreign ownership. In the 1990s the rest of the world did not invest to open anything new in Argentina, they bought what was already here.
Jul 25th, 2013 - 04:33 pm - Link - Report abuse 0Is there a macro economic point in there somewhere, or are you evading the question?
Jul 25th, 2013 - 04:39 pm - Link - Report abuse 0Yeah, maybe associate some history with the facts you post. In the 50s the USA was supplying EVERYTHING to EU and Japan. It was kind of hard for them to build stuff with bombed out factories and roads.
Jul 25th, 2013 - 05:32 pm - Link - Report abuse 0And isn't it a good goal to have the rest of the world rise with us? It's not like our standard of living has decreased in that time the rest of the world has risen. THANKS TO THE USA!!
Are you getting dumber or is my imagination?
Well tobi? An answer?
Jul 25th, 2013 - 06:45 pm - Link - Report abuse 0The US continues to import more, and export less each year, while your production levels drop and you continue the sell off our large companies to foreign interests. As a result, tax revenue has receded and you now have fewer American owned companies remaining to produce wealth and generate taxes. Your government, already drowned in foreign debt, must continuously borrow more to operate and pay its bills.
Jul 25th, 2013 - 07:45 pm - Link - Report abuse 0No country can continue to exist on debt, especially when there is very little probability of ever repaying it. How can you continue to delude yourselves with the idea that you are a superpower? Your standard of living and economic strength is dependent on ever increasing imports and your entire economy can only be temporarily sustained by ever increasing debts. As we witnessed briefly in 2008, your bubble will burst, and when it happens again the crash of 2008 will appear to have occurred in a time of prosperity.
Your lenders will inevitably discontinue loaning you any more money. What motivation could they have to continue? Your productive capabilities have become uncompetitive and insufficient. Your manufacturing infrastructure and your source of a competent manufacturing labour force has been dissolved and replaced overseas. How will you possibly function when the money runs out?.......
37. Oh for gosh sakes what a bunch of claptrap. Try some facts instead of wishful thinking and I will debate you.
Jul 25th, 2013 - 08:19 pm - Link - Report abuse 0There's not one fact or reference in that whole post.
What an embarrassment.
@38
Jul 25th, 2013 - 09:19 pm - Link - Report abuse 0I gave you the facts @25........I noticed you didn't have anything to say about that.
I have given you your trade deficit many times
You don't want to debate it, because you know it's true.
“Your manufacturing infrastructure and your source of a competent manufacturing labour force has been dissolved and replaced overseas.”.........
Apple iPods, iPhones, and other products are manufactured for Apple by Foxconn, a Taiwan-based company (technically, Foxconn is the company’s trade name; the firm’s official name is Hon Hai Precision Industry Co. Ltd).
The iPod and iPhone are manufactured in Shenzen, China, though Foxconn maintains factories in countries across the world, including Thailand, Malaysia, the Czech Republic, South Korea, Singapore, and the Philippines.
http://www.redmondpie.com/inside-the-factory-where-apple-products-are-made-a-documentary-video/
You are not too bright are you? WTF does it matter where 1 company mfgs something? Are you saying we have no MFG base in the USA? I thought you have been here?
Jul 25th, 2013 - 09:50 pm - Link - Report abuse 0We export $U 2.2TRILLION A YEAR!
More than Italy's total GDP.
So rather than naming 1 company and the company they outsource their labor, instead, put up some stats that are worthwhile so we can have a meaningful debate?
I'll give you a topic, USA Energy Independence in less than a decade
and go
Never mind in a decade how about now......pinning all your hopes on Shale.
Jul 25th, 2013 - 10:03 pm - Link - Report abuse 0See if you recognise any of these companies.....
http://www.jiesworld.com/international_corporations_in_china.htm
What is there for your own population to do?......oh yes borrow to buy all the imported goods because you don't export enough.....everything is on credit over there. Debt is a way of life for all Yanks.....I know plenty....never have two pennies to rub together but lots of credit cards.
You fool yourselves and the Govt is real good at telling you how well you are doing.....but the reality is.....you are doing crap!
Real gullible! all Yanks are.....Wanna' buy a bridge?
I give you another, yanquiboy
Jul 25th, 2013 - 10:21 pm - Link - Report abuse 0Debt clock, tic tac, tic tac, 16.8 Trillion and counting
and go
Don't know where you are getting your facts from......
Jul 25th, 2013 - 10:36 pm - Link - Report abuse 0.........“We export $U 2.2TRILLION A YEAR!”
USA
Imports: $2.357 trillion (2012 est.)
Exports: $1.612 trillion (2012 est.)
http://www.indexmundi.com/united_states/exports.html
So tell me Sherlock how are you going to pay your debts.....where is the money coming from when........
Your Debt is greater than your GDP?
US National debt for 2012
$16,432,730,050,569
GDP…….$15,811,000,000,000
Debt per capita…….$52,152
per capita income…….$27,554
Enlighten me!
BTW I'm over there often and your standard of living is no better than Europe......
Although I'm not used to seeing all the trailers and Double widths and single on plots of land......what is that all about?
Electricity is cheaper and gas for the car is cheaper but lots of guzzling trucks about and half the day is spent in the car covering all the distances .....so no cheaper in the end.
The standard of living in the USA is much different than in Europe, we like big cars, big houses, big yards, heat in the winter and a/c in the summer. We have different priorities. We also have more entrepreneurship and more innovation. We are different. I could live in Europe but I wouldn't. I don't like it that much.
Jul 26th, 2013 - 01:19 am - Link - Report abuse 0As I said before, our debt is manageable even at its current level. I am not happy about it, I want it to be smaller and if the Repubs get the Senate as they are expected to in 2014 they will put us on solid footing. Even if they don't control the senate the sequestration is working and our GDP is growing. As long as that keeps up all is well.
I don't get your point about the foreign companies in China? We have many more here producing much more $ than they do. So elaborate for me. Do you seriously think we expect all mfg to be done here? We don't have a peasant class willing to work for nothing. So I really don't see you point? We produce different stuff for more profit..so please explain your point.
Export link: http://www.census.gov/foreign-trade/statistics/highlights/annual.html yeah U$ 2.2 Trillion
US GDP $15.68 Trillions
Jul 26th, 2013 - 02:34 am - Link - Report abuse 0US Exports
$1.564 trillions 9.9% GDP
US Imports
$2.299 trillions 14.6% GDP
Deficit -U$s735 billions
https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
2012 base data
Germany GDP $3.401 trillions
Germany Exports
$1.46 trillion 43% GDP
Germany Imports
$1.222 trillion 35.9% GDP
Surplus U$s238 billions
Argentina GDP U$s500 Billions
Argentina Exports
$81.21 billion 16.3% GDP
Argentina Imports
$65.56 billion 13.1% GDP
Surplus U$s15,65 billions
USMAEX a making loses machine!
I don't understand what you are trying to prove by reposting the same import/export stats? That is but one factor in a huge equation.
Jul 26th, 2013 - 11:19 am - Link - Report abuse 0If having more exports was so great for an economy Argentina should be doing very well. Everyone knows it is not, so again, what's your point?
You two are just proving my point that Rgs don't understand economics or simple math.
According to the Great cuntina, kirchner's have increased workers wages 1700% in a decade. Put in perceptive, if 2003 (40,873) average wages rose 1700%, American's would be earning an average wage of 694,841.
Jul 26th, 2013 - 01:03 pm - Link - Report abuse 0With a 1700%, Argentine's should be quite affluent. This year alone.......a hike in February of 20.2% and recently of 25.2%......45.4% increase this year alone all against a Indec inflation rate of 10%. Yet, they people in Argentina are not as well of as these raises indicate they should be.
What is wrong here?
http://www.buenosairesherald.com/article/136965/minimum-wage-hiked-252
http://www.buenosairesherald.com/article/136965/minimum-wage-hiked-252
Buying votes
dealing with real inflation without admitting
getting one union of her back
all the above
All the above
@yankeeboy
Jul 26th, 2013 - 01:35 pm - Link - Report abuse 0China GDP U$s8.227 trillions
China Exports
U$s2.057 trillions 25% GDP
China Imports
U$s1.735 trillions 21% GDP
Surplus U$s322 billions
What that explain the stats?
Show how US have lost competitiveness to sell manufactured goods to the world as I showed you with the example of Britain in the past due to facing tough competition from Asia, Europe and emerging countries.
Also show the huge gap (deficit) that you have in trade with the rest of the world and to keep your “borrowed style of life” US has to borrow money abroad despite that your print it.
You have not yet collapsed because you have an advantage over the rest of the world that is US currency is still the major trading currency so you can print to cover the gap.
But what would happen if tomorrow lets say Yuan or any other currency replaces the dollar “made from thin air”?
Argentina 2001 will be a joke compared with the US economy disaster. Trust me.
This always happens, happened to the Spanish when they currency was widely used as a major trading currency even in US was used, happened to Britain, etc.
You are not an exception...
“If having more exports was so great for an economy Argentina should be doing very well. Everyone knows it is not, so again, what's your point?”
Well this is your point of view, Argentina in 2003 had a GDP of 100billions after the financial collapse and had to start from the bottom of the barrel again.
Now has a 500 billions GDP, only an idiot will say that in Argentina things are not going well.
A country to recover from that kind of financial mess needs several decades to rebuild all that was destroyed.
Argentina was destroyed slowly in the past for more than 35 years thank to necons policies. Like is happen you your lovely US since long time ago.
So I would be very careful If I would be you to flag wave USF in the way you do, because what you can still see in US today in 5 year could be gone.
And do you know how bad is having to immigrate to o
An ongoing trade deficit is detrimental to the nation’s economy over the long term because it is financed with debt. In other words, the U.S. can buy more than it makes because the countries that it buys from are lending it the money. It's like a party where you’ve run out of money, but the pizza place is willing to keep sending you pizzas and put it on your tab. Of course, this can only go on as long as there are no other customers for the pizza, and the pizza place can afford to loan you the money. One day the lending countries may decide to ask the U.S. to repay the debt. On that day, the party is over.
Jul 26th, 2013 - 02:30 pm - Link - Report abuse 0Hey Pops I do understand your point about DFI ..........
The deficit is offset by the amount of foreign investment in the United States, which exceeds U.S. foreign investment. While America does a lot of foreign investment, the rest of the world invests very heavily in the United States, So America's ability to attract foreign investment helps to finance its appetite for imports.
but........
The trade deficit is the statement it makes about the competitiveness of the U.S. economy itself. By purchasing goods overseas for a long enough period of time, U.S. companies lose the expertise and even the factories to make those products. Try finding a pair of shoes made in the America. As the U.S. loses competitiveness, it outsources more jobs, and the standard of living declines.
Yankeeboy
It's a Catch22 situation created by the huge corporations in the pursuit of ever increasing profits at the expense of creating jobs and internal wealth for the population.......they're greedy.....if they can gets something manufactured abroad for 10 cents cheaper per item they will......they create a huge divide of inequality that exists in the US.........it's time to rethink!
I agree ....corporations are greedy and I never thought otherwise, however not all. And American workers as a manufacturer cannot compete against workers from an underdeveloped notion manufacturing. American workers in general earn too much in comparison. I have stated many times here that while I believe capitalism is the most successful model, it needs competent government oversight and their is a fine balance between too little and too much.
Jul 26th, 2013 - 02:42 pm - Link - Report abuse 0However I still believe that your wishful thinking and talking the impending collapse of the USA stems from a narco induced dream.
BTW.......have I told you I asked my kids to call me Pops? I love is.....I use to use Poppy in my charter business, may change my cards.
@50
Jul 26th, 2013 - 04:04 pm - Link - Report abuse 0“However I still believe that your wishful thinking and talking the impending collapse of the USA stems from a narco induced dream.”
Are you kidding me Pops? I don't want the USA to collapse.
The world would be a dreary place without US influence.
How would I get my Old Timers breakfast from Cracker Barrel with a generous helping of Pancakes and Maple syrup and my coffee topped up all the time.....well worth the wait for a table..... whilst you wait in the gift area and I always succumb to some little knick-knack......good marketing ploy, especially when I can see lots of empty tables through the windows.
Then there's all the re-runs of Family Guy and American Dad and the Big Bang Theory.
Btw ...my T-shirt says “I don't do Drugs.....I am Drugs”.....Salvador Dali.
Got that at Dubrovnik, whilst on an American cruise ship....the Norwegian Gem!
God Bless America!
Unlikely a place like Cracker uses real maple syrup. But, pancakes is not the healthiest of breakfasts......like too many taco's, burritos and empanadas.......not a good eat habit. Tv too....not such a good thing.......but who am I to judge.
Jul 26th, 2013 - 05:10 pm - Link - Report abuse 0You are right I have just checked......
Jul 26th, 2013 - 05:38 pm - Link - Report abuse 0“Buttermilk Pancakes with 100% Pure Natural Syrup
The secret to our pancakes is in the buttermilk. You see, buttermilk actually activates the mix so it rises higher for more tender, flavorful pancakes - just the way we like them. Enjoy three pancakes, made from scratch and topped with real Butter. Served with a bottle of 100% Pure Natural Syrup, warmed up especially for you. ”
If you look at the bottle in the online country store it says.......55% Pure Maple Syrup and 45% Cane Syrup.....As served in our restaurant....
Don't worry about me .......I'm as fit as a Lop.....Pops
Now where was I......back to slating someone on another thread ...he deserves it!
48 DanyBerger
Jul 26th, 2013 - 05:49 pm - Link - Report abuse 0You are falling into the trap of looking backwards: US$ 100 Bn to 500 Bn. Let’s say we agree.
But just where are you now?
Your major trading country is pissed off with you and could shut you down completely without taking much of a bigger hit and TMBOA seems not to care!
You have no ready liquid money (not Pesos) within your country as it has been exchanged for government script. Would you personally take your governments script?
The country will soon be unable to access any external money at anything like reasonable rates.
GE of America has probably got USD 1.8 Bn in realisable assets locked into your country, however when push comes to shove, as it will, do you think GE will not be able to use force to get it out, even if it takes a concert party between GE, GM, VW, Ford, plus others with perhaps the US Government ‘helping’.
For a country that has so much going for it why do you tolerate the Peronista cancer eating away at your vitals?
There are millions who need to change their mindset if you are to have a FUTURE, enough living in the past.
There is nothing in this article. When you say lop, I assume you mean Lhasa Apso.
Jul 26th, 2013 - 06:18 pm - Link - Report abuse 0Fake syrup.....reminds me of South Americans. I will give you credit, you really should be a fact checker. I'm really disapointed my inbox is empty.
remember m.cher1160@outlook.com, but I do not expect one from you. It would take courage from being discovered.
“The Government accelerated the devaluation and raises the official dollar to $ 5.49”
Jul 26th, 2013 - 06:30 pm - Link - Report abuse 0“The reserves fell yesterday another $ 100 million to U.S. $ 37,315 million, which means a drop U.S. $ 5,975 million in the year.”
http://www.ieco.clarin.com/economia/Gobierno-acelera-devaluacion-dolar-oficial_0_962903755.html
Argentina reminds me of the fat lady that tells everyone she is losing weight, yet every morning on the scale.....up another pound. Then she has buttermilk pancakes with real maple syrup, sausage and a scrambled egg for breakfast. They can lie to everyone but in the end, they will pay the price.
Jul 26th, 2013 - 06:40 pm - Link - Report abuse 0How strange Pops.......when I say Lop, I mean Flea.......fit as a Lop...?
Jul 26th, 2013 - 07:37 pm - Link - Report abuse 0Never heard the phrase.....my bad.
Jul 26th, 2013 - 09:22 pm - Link - Report abuse 0No probs..... it's from the Swedish word Loppa for flea.
Jul 26th, 2013 - 09:35 pm - Link - Report abuse 0Oh for gosh sakes another Nordic Argentine.
Jul 26th, 2013 - 09:58 pm - Link - Report abuse 0Funny I never ran into 1 when I lived here and this board is lousy with them.
@61
Jul 26th, 2013 - 10:21 pm - Link - Report abuse 0You really are stupid even for a Yank......if I used the word Mammoth would you assume I was Russian?
Pops was unfamiliar with a phrase I used........I explained?
.......Coca Cola.......hey everybody...... I'm a Yank........
Except
Jul 26th, 2013 - 10:51 pm - Link - Report abuse 0You're too stupid to keep the personas separate.
63
Jul 26th, 2013 - 11:09 pm - Link - Report abuse 0Au contraire.......opps..... I'm French now! According to your logic......
Please do elaborate on your theory......before I destroy it or better still, stick to doing what you do best.......nothing.....rien......nada...nichts!
Why should I bother?
Jul 26th, 2013 - 11:45 pm - Link - Report abuse 0You're making a fool of yourself just fine you don't need any help from me.
65
Jul 27th, 2013 - 12:00 am - Link - Report abuse 0Thought not........stick to talking about money you have neither the education nor the wit for anything else......you are out of your depth and out of your league with anything but filthy lucre......
“ I will buy with you, sell with you, talk with you, walk with you, and so following; but I will not eat with you, drink with you, nor pray with you. ”
Go back to school .....Ya' Dumb Yank!
Unless you were serving you'd never be where I would be having dinner.
Jul 27th, 2013 - 12:05 am - Link - Report abuse 0Haha what an ignoramus.......I was quoting Shakespeare......the character Shylock in the Merchant of Venice.......you know, the one whose life revolves around money!!......pertaining to your interest........I give up!
Jul 27th, 2013 - 12:30 am - Link - Report abuse 0OMG you are so Dumb......
BTW I don't understand American, .....“you'd never be where I would be having dinner.”
.......the sentence implies that you haven't had dinner there yet.
“Where I have dinner” or “where I dine” .....would make sense!
Like I said, go back to school!......drop the American and take English!
I'm starting to feel stupid just talking to you.......I'm out of here!
AVoice has left the building.....
Poor guy
Jul 27th, 2013 - 12:35 am - Link - Report abuse 0its like poking a dumb animal
Sometimes it makes me sad
but its so fun
@ChrisR
Jul 27th, 2013 - 01:57 am - Link - Report abuse 0Honestly I am really trying harder to figure out WTF is your point because your post is a salad.
Figures, source, evidence, etc. will help.
SYL
Soy is dropping like a rock. If it holds as expected Arg will have the effect of a 76% decrease in the trade balance next year.
Jul 27th, 2013 - 12:08 pm - Link - Report abuse 0You think imports are in short supply now just wait a year!
70 DanyBerger
Jul 27th, 2013 - 12:42 pm - Link - Report abuse 0The point Iwas trying to say was that it doesn't matter to any country WHAT they did; only WHAT they are doing NOW!
Can you honestly say that Argentina is financially stable for now or in the medium future? And who caused this problem and what are you doing about her?
Not a lot it seems from here, so how can it possibly get better?
Obviously I want TMBIA and her bent cohorts gone sooner rather than later and that must be better for you as well, surely.
@71 YB wow
Jul 27th, 2013 - 09:41 pm - Link - Report abuse 0@ChrisR
Jul 28th, 2013 - 04:23 am - Link - Report abuse 0You start from false assumptions what problems are you talking about to start with?
Argentina this year will growth 4.5/5%.
Year after year is reducing her debt and is not taking debt anymore.
Has the 3er higher minimum wage in the whole continent (America) after US and Canada and the 3er per capita.
Also ranks much better than US in income distribution
Is the 5th largest economy in the continent and with a “super devaluated” peso.
Its is stable?
Is stable meanwhile the radicals of the necons don’t get into power anymore because they are the root of all problems here I guess.
74. Your statements are based on INDEC stats which are woefully incorrect. and a gov't exchange rate that no one can get.
Jul 28th, 2013 - 02:09 pm - Link - Report abuse 0YOur debt is the highest it has ever been, by far.
Income distribution may be good because everyone is poor.
Arg will eventually have to restate GDP/Inflation/poverty back
to 2007. You'll find Arg has been in recession since Nov 2011, GDP and Inflation in PY is about 1/3 of what was reported and over 1/2 the country is in poverty.
But the lies can continue until CFK and minions are spectacularly retired.
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