MercoPress. South Atlantic News Agency
Keeping up with inflation in Argentina: after calming police, who's next in the queue
Police protests and widespread looting in 19 of the 24 Argentine provinces has, in a few weeks, shattered expectations about the new cabinet of President Cristina Fernandez and a stabilization of the economy, since as can be anticipated government employees and unions will be demanding similar conditions as their blue uniformed colleagues to keep up to date with inflation, running at an annualized 26% according to the November reading. Read full article
Comments
Disclaimer & comment ruleshttp://www.youtube.com/watch?v=yVDroeQgpSw
Dec 13th, 2013 - 09:41 am - Link - Report abuse 0Oh boy!
Dec 13th, 2013 - 09:58 am - Link - Report abuse 0An 18% increase was supposed to the be the CAP……..
You can really sense that something horrendous is on the horizon.
Dec 13th, 2013 - 10:12 am - Link - Report abuse 02. yeah and 50% just became the goal and maybe the floor.
Dec 13th, 2013 - 10:14 am - Link - Report abuse 0Melody of “happy days are here again”
Replace Happy with Hyper (inflation)
So they are also going to ratchet down imports to solve the balance of payments problem. And children, what will that do to inflation?
Make it go up. Yes you are correct.
I don't think any Rg has ever had an econ class.
Not one
I would give a salary increase to paper mill workers , money printers and the men who maintain the peso printing presses , because they are all going to be working very hard over Christmas printing millions of pesos to pay for all the pay increases .
Dec 13th, 2013 - 10:34 am - Link - Report abuse 0And cfk does absolutely nothing...amazing...simply amazing. She is only president when it suits her.
Dec 13th, 2013 - 10:40 am - Link - Report abuse 0@4 ecomonics isn't really a subject in itself over there. All economic arguments are subject to a political ideal. There seems to think that if they like the politics then the economics will take care of itself by default. I can't remember the number of times I've tried to explain to a K that to have social inclusion one must first sort out the economy to provide you with the ability to pay for the social inclusion.
Dec 13th, 2013 - 10:50 am - Link - Report abuse 050% rise is going to kill the economy.
@7 You tried to reason with a K? Have you asked them to share an original idea that didn't come directly out of the propaganda they're fed every day?
Dec 13th, 2013 - 11:11 am - Link - Report abuse 0They use direct quotations, and when asked to elaborate in their own words it falls apart. You can't reason with people that don't think.
Hyper inflation here we come!
Dec 13th, 2013 - 11:20 am - Link - Report abuse 0Good, now we just need the dolar blue to go up to 20-1.
9. 20-1 may look good by next year at this time. Gov't rate s/b 11/1 by eo2q 2014.
Dec 13th, 2013 - 11:42 am - Link - Report abuse 0I have been saying for a long time, I don't know when civil unrest will happen but it is inevitable. You can't print your way out of the mess the Ks have created.
This next implosion will be worse than 2001, I believe the USA wants to use Argentina as an example of what happens when you don't follow Int'l rules ( our rules) and will block any help from the IMF WB IDB etc. They also want to dump this problem on Brazil to stall their ambitions. I've seen this coming for a long long time.
The USA plays the long game, Argentina the short. We are just starting ours and they are ending.
It will be interesting to watch from afar.
I'm glad I don't live there
Oh poor CFK , those nasty brits keeps picking on her don’t they,
Dec 13th, 2013 - 12:57 pm - Link - Report abuse 0They just don’t understand argentine politics,
Everybody knows she has the full support of all her people, police, military,
According to argie bloggers, everything is going according to plan…lolol
.
well RGS when you play with fire you get burn
Dec 13th, 2013 - 01:15 pm - Link - Report abuse 0“Likewise the serious defeat of government in the October mid-term elections”
Dec 13th, 2013 - 01:31 pm - Link - Report abuse 0A defeat? And a “serious” one?
I thought I read CFK's people retained an absolute majority and could continue making Kirchnerist policy. I don't understand what this MP is saying sometimes.
13. In Argentina it is all about who will be next the next Prez, it is obviously not going to be CFK or her anointed one. Pol must watch their back and get quickly aligned with the new power or end up in jail, bankrupt or dead.
Dec 13th, 2013 - 02:29 pm - Link - Report abuse 0My bet is CFK will either flee or be in jail before her term is over.
@ 14 yankeeboy
Dec 13th, 2013 - 02:39 pm - Link - Report abuse 0The powers who are really in charge (Mafia) will want her gone, fled or dead, because she knows all the moves and who did them.
15. What is telling is the Pols speaking out against the current regime. The only time that happens is when they know that the current ruler is done and they are powerless to go after them.
Dec 13th, 2013 - 02:43 pm - Link - Report abuse 0@4 the goverment knows restricting imports will make inflation even worse, but they don´t have much choice. No dollars, no imports. Who do you think will be the next prez?
Dec 13th, 2013 - 03:42 pm - Link - Report abuse 0Putting internal politics aside for a second and concerning something stated in this Mercopress article;
Dec 13th, 2013 - 04:04 pm - Link - Report abuse 0On the one hand I read CFK and her people were not seriously defeated in the October elections.
Here, I read CFK and her people did receive a serious defeat in the October elections?
Regarding the October elections, was CFK seriously defeated or not?
Has MP represented the election both ways?
What was that phrase Lenin said about the ”whole rotten edifice tumbling down?
Dec 13th, 2013 - 04:09 pm - Link - Report abuse 0@18 CFK was defeated on the elections, but since the seats renewed in Congress this year were those from the 2009 elections, when CFK did even worse, they could keep the mayority. So they lost the battle, but not the war.
Dec 13th, 2013 - 04:32 pm - Link - Report abuse 0And INDEC is still showing annual inflation at 10.5%. Little wonder why people are on the streets...
Dec 13th, 2013 - 05:15 pm - Link - Report abuse 0@ 6 Mendoza Canadian
Dec 13th, 2013 - 07:02 pm - Link - Report abuse 0completely unfair, your comment.
It is somebody elses fault!
- always was, always is, always will be!
you think that picture looks bad,
Dec 13th, 2013 - 07:14 pm - Link - Report abuse 0you should see CFK;S bedroom when she cant find her make up lolol.
@6 Mendoza Canadian
Dec 13th, 2013 - 08:17 pm - Link - Report abuse 0'And cfk does absolutely nothing...amazing...simply amazing. She is only president when it suits her.'
The doctors said she was fit to flee ..um.. fly so she has gone to Santa Cruz for her hols.
Probably in Nestor's mausoleum thingo taking out out all the $$$ before the looters get to it...
@24 She flew back home tonight so you are probably right. She was tweeting up a storm.
Dec 13th, 2013 - 10:26 pm - Link - Report abuse 0Brazil has a housing bubble, so yeah, we'll have our own Argentina time.
Dec 14th, 2013 - 03:50 am - Link - Report abuse 0And the only long game the US plays is militarizing itself, so they'll shoot people and take everything for themselves. Poor Germany and Switzerland will never see their gold, unless they're accepting some certificates instead of physical gold over there. LOL
The Queen Elizabeth, by the other hand, audits the Bank Of England herself, if I'm right. Americans are lunatics who think they're utterly democratic and civilized Switzerland. :D
I would like to see the gov so worried to acelerate mechanisms to judge people like Báez, Boudou, the same way they are so worried about little “saqueadores”. 10 people have died, and I would like to know who they were and why.
Dec 14th, 2013 - 11:17 am - Link - Report abuse 0What they did to the fiscal is very questionable.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!