MercoPress. South Atlantic News Agency
Argentina will unveil new inflation and GDP stats in February and March
Argentina will unveil its new consumer price index (CPI) in February and a revised GDP index in March, Cabinet Chief Jorge Capitanich announced. The dates effectively comply with the demands of the International Monetary Fund (IMF) that had extended a deadline for Argentina to improve the quality of its economic data. Read full article
Comments
Disclaimer & comment rulesHonestly collating these statistics is not that difficult.
Dec 11th, 2013 - 11:56 pm - Link - Report abuse 0But nice to see the Argentine government finally admitting that their statistics are deficient.
Small steps.... small steps!
@Anglotino
Dec 12th, 2013 - 12:51 am - Link - Report abuse 0Yes, small steps but significant. Argentina slowly coming in from the cold.
- controlled devaluation of the peso
- import restrictions being lifted
- and now at least the intention to report inflation and GDP accurately.
There must be some virtue in doing everything the wrong way before finally listening to common sense. Isn't there?
Condorito
Dec 12th, 2013 - 01:11 am - Link - Report abuse 0The coming in from the cold is an apt call.
There has been quite a concerted effort lately to start to adhere to conventional economic practices. Perhaps they looked at the end result of Chavism and it finally sunk in how bad it could still get.
However the inflation rate is going to soar until they turn off the printing presses and rein in their budget deficit.
But perhaps Argentina is finally ready to come in from the cold.
@2
Dec 12th, 2013 - 01:44 am - Link - Report abuse 0Import restrictions being lifted, hiking interest rates to 200% by stopping monetary issuance will lead to a massive economic depression. A depression deeper than the most cavernous clefts on Nibiru, which even the mighty Annunaki dare to avoid.
That is the solution... It would seem humanity needs a little extra “push” from our “big” brothers, and I do mean big, as in tall with big heads.
I'm not saying it was anything, but it was something!
200% interest rates I understood and of course that would plain stupid.... as for the rest of that post.... I leave it to Condorito to decode.
Dec 12th, 2013 - 02:05 am - Link - Report abuse 0For the love of Zachariah Sitchin, 200% rates is stupid yet it is exactly what you proposed. As that is what it would take to cool down 25% inflation rate (normally rates should be 3-5 times the inflation rate in a healthy economy to encourage good borrowing and also savings), but in situations where the markets demand proof of “being serious” the rate needs to be almost 10 times inflation, thus aout 200-250% rates. No, you do not need the great Cristal Skulls to foresee this!
Dec 12th, 2013 - 03:54 am - Link - Report abuse 0At the same time, you would place millions out of work faster than the blazing Vimanas on their way to destroy the Rama Empire, by flooding the country with imports?
How are those measures supposed to help Earth's Argentina “grow”??
Anyone?
I thought so, none have the answers. Only the people “up there” have the answers. We are not supposed to manipulate our way to Chimeras and Minotaurs.
@6 TTT
Dec 12th, 2013 - 09:05 am - Link - Report abuse 0Again - You can change your name but it doesn't change the rubbish that you talk!
@6 Giorgio. B. Tsoukalos.,
Dec 12th, 2013 - 10:05 am - Link - Report abuse 0Why the long name? GBT, will do from now on!
Have you read “The Giza Power Plant” by Christopher Dunn. ?
Very readable.
From an Engineer's perspective, also very possible.
Possibly related to Puma Punku, in Bolivia.
l recommend the book.
@ Leiard
Dec 12th, 2013 - 10:17 am - Link - Report abuse 0Good spot. He didn't even last 3 hours before I called him out on another thread. It is quite yawn inspiring really.
#6 Tobi you are by far the saddest and most pathetic RG that posts here. You by far surpassed Sussie. At least she was blatantly crazy. You are somewhere between extremely immature and ignorant.
Dec 12th, 2013 - 10:19 am - Link - Report abuse 0Whatever happened to Pope John III? He should make a reappearance now the Francisco is Time's Man of the Year.
6 Giorgio B. Tsoukalos
Dec 12th, 2013 - 11:03 am - Link - Report abuse 0200% interest rates are a recipe for disaster. The Argentines have 25-30% inflation, right? Ok then what is inflation?..... When a country's output (all the goods and services produced) falls significantly bellow the amount of money circulating in the economy then you have inflation. The greater the gap between these two the greater the percentage of inflation. So how to fix it... Increase production and or reduce the amount of money circulating in the economy. Interest rates double the inflation for a short period are more than adequate. All 200% rates will do is bankrupt the financial system, and the nation.
Chile's inflation in 1990 was 25.91 % then the central bank tightened monetary policy and in 1991 it had fallen to 18.66%, by 1994 it was 8.95%. It's not too hard to fix, it just requires the will to achieve it.
Oh for gosh sakes! I get the feeling the drug stores have been closed awhile so Toby hasn't been able to have his medicine. What a nut job.
Dec 12th, 2013 - 11:23 am - Link - Report abuse 0There is nothing to stop hyperinflation. A 100% raise in a year for the Police has confirmed that. The gov't obviously knows its coming in 2014 otherwise why would they have agreed to it?
My prediction is that when it hits all auto mfgs and other large Intl mfgs will pull out.
This is shaping up to be worse than 2001. Much much worse.
@5 Anglotino
Dec 12th, 2013 - 12:50 pm - Link - Report abuse 0“I leave it to Condorito to decode”: what Toby is saying is that in his world pseudo-science is good enough, which i think we already knew.
@Toby
Your Anunnaki kin will be back for you, just hang on and keep calm.
@11 The Chilean perspective
Interest rates at 50%, do you thin they could take that medicine?
The Master has spoken:
Dec 12th, 2013 - 01:23 pm - Link - Report abuse 0BEIJING, Dec 12 – China on Thursday urged Argentina to protect Chinese citizens’ security and interests after one Chinese was killed in recent riots and looting.
“The end of year is a period of high criminal cases in Argentina. The department of consular affairs and Chinese Embassy in Argentina will continue to urge the Argentine side to take concrete action to protect Chinese citizen’s security and interests,” said Foreign Ministry spokesman Hong Lei at a regular press conference.
ruff ruff
Does anyone really believe they will give honest figures? They will just be marginally worse than those previously given having been fudged in some new inventive way and the merry go round will start again.
Dec 12th, 2013 - 01:24 pm - Link - Report abuse 0IMF is requiring audits and most likely re-statements back to 2007.
Dec 12th, 2013 - 01:45 pm - Link - Report abuse 0@14
Dec 12th, 2013 - 02:00 pm - Link - Report abuse 0You are so naive. The “master” is not to the east, it is “up”.
@9
Indeed. No one debates here, as seen by the responses. It is all persona insults against me or ethnic insults against all of us.
And you have the Morgellons to suggest Argentines wish not to debate? There is no one to debate here. This sector is as empty of intellect as Phobos is full of Greys.
A principle I recall from my accountancy exams: from many years ago: “An auditor is a watchdog not a bloodhound” plus the fact that my experience of auditors is that they don't have the experience if you want to fool them. My company is audited by one of the big six and it is our internal controls that prevent us pulling the wool over the auditors eyes, not their investigations. Most time spent with auditors is repeated hours trying to explain the facts and systems so they understand them rather than actually trying to con them.
Dec 12th, 2013 - 02:26 pm - Link - Report abuse 0A state in particular can fudge in all sorts of ways. They may get caught out eventually but it's now all about kicking the problems down the road, especially past 2015
@14 Did you see the report of two Argentines arrested for inciting looting of Chinese owned businesses? Not so much military precision but more opportunist, greedy xenophobes.
Dec 12th, 2013 - 02:32 pm - Link - Report abuse 018. Rgs are clever not smart. There are enough reliable external numbers to confirm in the internal are correct.
Dec 12th, 2013 - 02:41 pm - Link - Report abuse 0Remember there have been independent inflation figures being produced for a very long time.
GDP has been waaaay overstated for many many years. My guess is they are way behind Colombia and maybe even further down the list.
Looks like Capitan Dismal is the new power in the land OR is he just the fall guy?
Dec 12th, 2013 - 02:48 pm - Link - Report abuse 0Answers on the back of a postage stamp to INDEC.
17. Do you mean Venezuela? Chavez is dead I don't think CFK will take orders from Maduro second had from a bird.
Dec 12th, 2013 - 02:51 pm - Link - Report abuse 0Or will she?
Hmm?
Maybe that's the problem, I guess we'll never know until she is committed.
Still awaiting at least for a human response, much less an intelligent one.
Dec 12th, 2013 - 03:34 pm - Link - Report abuse 0Truckers are going to strike if they don't get a Christmas bonus.
Dec 12th, 2013 - 03:42 pm - Link - Report abuse 0What a surprise!
Will there be a national strike?
Will the new wage demand be 50% or 100%?
Merry Christmas to me.
@ 23 Giorgio B. Tsoukalos
Dec 12th, 2013 - 05:17 pm - Link - Report abuse 0When are you going to quote some European (Mediterranean not included) mythology.
Beowulf, or something from the Norse saga’s perhaps? (Noggin the Nog, definitely not allowed)
Or even something Slavic?
@25
Dec 12th, 2013 - 05:24 pm - Link - Report abuse 0Mythology? You make it sound as if none of it actually happened. Dummy.
Noggin the Nog was real of course. Not sure about the rest.
Dec 12th, 2013 - 05:29 pm - Link - Report abuse 0Then you tell me, what does all the evidence, in all world cultures, of “beings from the sky” tell you??
Dec 12th, 2013 - 05:34 pm - Link - Report abuse 0Don't fight your secular history prejudice. Think. Muse. Ratiotinate.
The answers are in front of you.
@ 28 Giorgio B. Tsoukalos
Dec 12th, 2013 - 05:48 pm - Link - Report abuse 0That all the Mulder and Sculleys that ever existed in human history, have never produced so much as a shred of evidence to support such claims!
On the other hand I understand that Ivor the Engine is hiding in Welsh Patagonia.
Off with you.
Dec 12th, 2013 - 05:50 pm - Link - Report abuse 0@6 No “h” on the end of “Zacharia”. More research required. Avoid argie sources. They always lie. Thought you'd have known that!
Dec 12th, 2013 - 06:56 pm - Link - Report abuse 0Who wants “argieland” to grow? We want to watch you die. We want to see you turn into cannibals. But we're not without consideration. Statistics say you have a population of 41,660,417. Can you reduce that to the more appropriate figure of 417?
@17 What's wrong with a proper example? “Argieland is full of ”plugged“ arses and throats”. Off getting this hour's double “injection”? Not a personal “insult”. Just a recognition of what clogs your “brain”. Not really a “brain”. More like a 12th century water-mill. Grind, grind, grind.
@23 Please re-arrange the following well-known phrase or saying. Off piss!
@28 We have a wonderful history. Food shortage. “Beings from the sky” regularly decapitated, slit open, circulation pumps ripped out, eaten. And next we can have argies. But only as dog and pig food. They don't care!
Another delaying tactic they will always lie they have no other recourse because their economic model is a disaster and will never work.
Dec 13th, 2013 - 03:17 am - Link - Report abuse 0Bring the military back and kill all the Montoneros.
The only solution is the military now they only have anarchy! There is no democracy in Argentina and in almost any Bolivarian country since there is impunity democracy is only a word use to further the autocracy and the communist agenda.
The only solution is an Annunaki take over of Europe and North America, to guide these misguided earthlings from their horrible path to decline.
Dec 13th, 2013 - 04:14 am - Link - Report abuse 0I miss DroLL FM.
Dec 13th, 2013 - 08:17 am - Link - Report abuse 0At least that persona was original. This was is just a B grade copy of an actual person that at least finished university and did something with his life.
Funny he has to imitate a European with an American education……
Superior being indeed.
13 Condorito
Dec 13th, 2013 - 08:46 am - Link - Report abuse 0Being serious for a minute, I don't think that an overnight cash rate of 50% is called for, they would probably implode with rates at that level. We in Chile did it by zeroing in on three issues. Firstly the independent central bank actively sought to target inflation, it was one of the first central banks to do so. The next thing was to introduce tight monetary policy which reached a high of 9.7%. As a side effect foreign money flooded in to the banks, the central bank had to step in and sell off the Peso because it began to appreciate too much. In the meantime reserves grew by 82.3%, not a bad thing. Thirdly the focus was put on improving productivity, growth increased and unemployment fell. In conclusion if this Capitanich guy and perhaps the Marxist Kicillof studied what we did they might be able to copy it, after all the Peruvians have copied everything we have done word by word and it's worked out just fine for them. Saludos.
34. American education? I think not. His use of english grammar and sentence structure is decidedly foreign.
Dec 13th, 2013 - 10:09 am - Link - Report abuse 0No yankeeboy. Nostrils is imitating an actual person. Giorgio A. Tsoukalos - notice the different middle initial.
Dec 13th, 2013 - 12:23 pm - Link - Report abuse 0The real person is Swiss and was educated in the US. Nostrils is the offspring of European immigrants living in Argentina with no tertiary education.
Funny enough his anti-Europeanism and anti-Americanism is now tangled up with his new persona which is based on an American educated European.
It is funny that he headed back to an old persona but it obviously takes him time to create one and I don't think he was prepared for almost 100% of his DroLL FM posts to be removed.
@37
Dec 14th, 2013 - 04:33 am - Link - Report abuse 0Oh please, imitating? There is one an only Giorgio B. Tsoukalos you resentful Ozz-human.
You really have some Morgellons to claim to know what and who I am, what my education is, etc. Who are you actually to say that, have you thought of it? A Nephilim? Descendant of the Annunaki lost tribe? An immigrant from the Pleiades?? What?
Unless you helped build Puma Tunku or where the original artist behind the Easter Island Moais, please spare me the morality.
And finally stop being so up-tight and instead, please enjoy your holidays...
You know what the REAL origin of Christmas is, right?
http://www.youtube.com/watch?v=VKTQmZHwDY4
“There is one an only Giorgio B. Tsoukalos you resentful Ozz-human”
Dec 14th, 2013 - 06:07 am - Link - Report abuse 0I never claimed otherwise!
And I'm sure every person that has ever had the displeasure of meeting you is eternally grateful.
Being a cheap knockoff of an original is probably all you will ever be.
Let me ask you something, though I'm sure you will dodge the question:
Dec 14th, 2013 - 06:09 am - Link - Report abuse 0Why all the antagonism against me. What have I really done to you, when you think about it?
Nostrils. I once tried to befriend you. I think you are a highly intelligent person and funnily enough we might even get along. But you let others on here poison you. You let them control to and you lost your ability to communicate your side. Don't get me wrong. Every single person on this site (with the aquiesence of the site's editor) falls into the trap of trolling. But you revel in it because you think that this reflects badly on those that do troll. It doesn't. I mean do I need to even bring up True Blue?
Dec 14th, 2013 - 07:14 am - Link - Report abuse 0I'm writing this to you while I sit on Tram 55 going through Royal Park after the most annoying day (shopping. I detest it). Commenting on here fills my spare time on the tram, train, etc. That's why my posts have dropped recently because even the articles get repetitive.
If you wanna chat (which considering the distrust on this site is unlikely) create a one off address as say hello: anglotino@gmail.com I won't repeat anything if you don't. Let's just chat. Nothing to lose.
I'll call a ceasefire in replying unless it is to a serious comment. And I will be polite. If you don't want to email and wish to reply constructively to my comments then I will afford you a constructive reply.
This is the second time I have done this. Balls in your court.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!