MercoPress. South Atlantic News Agency
Argentines pessimistic about jobs, household income and mid-term prospects
A pessimistic mood has taken over in Argentina, according to a recent public opinion poll and report on jobs, household income, and mid-term prospects, according to the latest economic expectations index, IGEE from the Catholic University supported by pollster TNS-Gallup. Read full article
Comments
Disclaimer & comment rulesReality sucks huh!
May 06th, 2014 - 11:55 am - Link - Report abuse 0The fog is slowly clearing.
Wait and see what happens when the truth is out about TMBOA and all the stolen money.
Cue much wailing methinks. ...
I'm neutral to slightly optimistic. So...
May 06th, 2014 - 04:52 pm - Link - Report abuse 0@2 Interesting.
May 06th, 2014 - 05:05 pm - Link - Report abuse 0However, only 3 in 10 think there will be a further downfall in their income.
May 06th, 2014 - 07:15 pm - Link - Report abuse 0You have to admit that TMBOA, et al, have bamboozled the people from top to bottom if these numbers are reality.
The gov't is going to implement huge penalties for layoffs like they did in 2001.
May 07th, 2014 - 02:11 am - Link - Report abuse 0What a way to drag out a recession!
All the signs are there, everyone is waiting for the next shoe to drop
All the Soy sales so far and all they have is U$28B which is not growing.
I don't see how that's going to be enough to get them through winter buying fuel.
They'll also be outbid by Brazil who's going through a drought and starting rolling blackouts.
Ahh rolling blackouts during world cup with slum dwelling protesters looking for victims and something to burn.
sounds lovely.
I guess the helicopter is on permanent standby at the casa rosada for when the s**t really hits the fan
May 07th, 2014 - 04:27 am - Link - Report abuse 0meanwhile in pirate land, the economies are BOOMING.
May 07th, 2014 - 08:27 am - Link - Report abuse 0If only Argies would play nice....
@5 I still see that they are doing their best to peg the peso at 8.01 to the dollar. Not sure why they have chosen this level exactly, it must have some kind of innate Kirchnerist docutrinal veracity about it. Either that or they haven't got a clue...
May 07th, 2014 - 09:29 am - Link - Report abuse 08. Yeah I find it very odd too. I can't really figure out what the motive could be other than they are in the middle of yearly salary negotiations and want to show some stability.
May 07th, 2014 - 12:12 pm - Link - Report abuse 0@9 All it means it that they will start to really hemorrhage US$ once the soy income disappears. They spent $140m trying to keep Mr Market in his box yesterday alone....
May 07th, 2014 - 12:22 pm - Link - Report abuse 011. Yep, I think they spend U$7B in winter for imported fuel. Once the Soy sales are done it will get interesting.
May 07th, 2014 - 12:28 pm - Link - Report abuse 0Its not even cold there yet!
Yet
brr
@11 yup, I suppose that, over a 4 month period, you could see -$7bn for fuel, -$1.5bn purely on propping up the currency (that number could rise depending on the pressure on the currency). I can't quite remember what they have spent along on the current dollar peg for this year but it may be a bit more...
May 07th, 2014 - 12:49 pm - Link - Report abuse 0I see the massive layoffs in Auto Mfg, that I predicted last year, are now coming to pass. Its going to get very bad very quickly.
May 07th, 2014 - 03:11 pm - Link - Report abuse 0If they move into hyperinflation I think they'll pull out for good.
Now that the YPF sale is complete we should see massive VM exploration interest if there is ever going to be any.
But, if we don't see major announcements in the next few months those investments will never materialize. Arg certainly can't do it on their own.
Vaca Muerta is a future generation's trust fund for Mendoza and no one wants Vale.
May 07th, 2014 - 03:28 pm - Link - Report abuse 0Mendoza will do fine without either of those thank you.
Except it won't. Argentina is on its way to becoming Bolivia. You know they have lots and lots and lots of gas...in the ground while their people starve and have no running water.
May 07th, 2014 - 03:38 pm - Link - Report abuse 0Just because it's there means absolutely nothing.
What a shame, poor Argylanders.
May 07th, 2014 - 06:07 pm - Link - Report abuse 0@ 10 Welsh Wizard
May 07th, 2014 - 06:48 pm - Link - Report abuse 0“They spent $140m trying to keep Mr Market in his box yesterday alone....”
Yes, and don’t we all know what Mr. Market will do when they stop throwing the money?
I just love the likes of the Presidents of The Dark Country, the stupid Tupas of Uruguay and “First World Country” Brazil with their attempts to “manage Mr. Market” as if they could hold back the sea at high tide.
No mind though, Mr. Market WILL have his revenge, he always does.
At some point they are going to wish they had the U$100Mm+/day they're throwing out the window to buy fuel.
May 07th, 2014 - 09:56 pm - Link - Report abuse 0I bet its someday pretty soon.
@17
May 08th, 2014 - 03:39 am - Link - Report abuse 0And wait till Mr. Market has its revenge on the USA for debt + quantitative easing (code for printing dollars).
It is going to be awesome seeing Americans crying for economic mercy.
19. Wow you don't understand what we are talking about not even a little tiny bit.
May 08th, 2014 - 12:45 pm - Link - Report abuse 0@20
May 08th, 2014 - 01:15 pm - Link - Report abuse 0The funny thing is that you agree with me, since given your ideology you are very much opposed to 17 trillion dollar debt and endless printing of dollars to buy back bad assets.
In the USA construction is not coming back at all and interest rates are record low... imagine when hey have to rise to even 4% !! (that used to be dirt low).
It will completely send the USA into a depression.
You got people and corporations used to the drug of cheap money, now the withdrawal is going to e abominably and excrutiatiningly dolorous.
Funny you mention construction because I was just walking home from a meeting and was getting furious I had to keep crossing the street because of the HUGE amount of construction going on.
May 08th, 2014 - 04:11 pm - Link - Report abuse 0As you know we're a HUGE country, where I am its booming, There's also a difference between Commercial and Residential so you need to be a bit more specific.
I am not a fan of a lot of debt either personally or gov't. Gov't spending needs to be reigned in. I don't think that will happen until we get the next Prez but until then we're doing just fine. With the rest of the world keeping our interest rates at historically low levels and I don't see that ending anytime in the near future. We are still the safest country out there and our ability to pay is unimpeachable.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!