MercoPress. South Atlantic News Agency
Argentina's economy weakens in September, according to official stats
Argentina's economy weakened slightly in September as high inflation and declining purchasing power curbed sales and industrial production. A proxy for economic growth published by the government fell 0.2% on the year, the national statistics agency Indec reported Friday. Read full article
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Disclaimer & comment rulesThere's the cliff!!! Keep running, go on now!! Keep running!!!
Nov 22nd, 2014 - 09:34 am - Link - Report abuse 0Enjoy the Stagflation all you Trolls!!! Enjoy it, and still no recovery of the Falkland Islands.
40% inflation AND -2% growth. WTF?!?
Nov 22nd, 2014 - 10:01 am - Link - Report abuse 0Won decade indeed.
Hardly surprising less and less Argentineans on here actually support the government.
Oh dear doesn't sound good for Argentina.
Nov 22nd, 2014 - 11:00 am - Link - Report abuse 0Never mind, so long as millions are still wasted propping up this Malvinas cult everything should be fine.....
Nov 22nd, 2014 - 12:14 pm - Link - Report abuse 0Wake up....smell the coffee....wake up
I think for intelligent Argentines it is more a case of not seeing an alternative.
Nov 22nd, 2014 - 12:52 pm - Link - Report abuse 0#1
Nov 22nd, 2014 - 01:18 pm - Link - Report abuse 0Like lemmings.
ps They can't recover what was never theirs. They do covet them.
#2
The inverse, up side down, contradictory, opposite, antithetical, contrary, contrasting, conflicting, at variance, at odds, opposing, clashing, divergent, discrepant, different; inconsistent, incompatible and irreconcilable economic mismanagement is the norm of everyday life in argentina.
Maybe argies would like to consider mass suicides. Imagine the 'government' reaction as there are fewer and fewer taxpayers. Less dosh for CFK et al to steal. Do ordinary argies understand that, now that she's decided to come out of 'mourning', CFK will 'need' to have a number of 'outfits' in alternative colours. Based solely on memory, I seem to recall an assertion of 1,500 black outfits. Multiply that by the potential number of different colours. How many millions? Lucky argies. Paying for all their president's knickers!
Nov 22nd, 2014 - 01:46 pm - Link - Report abuse 0If you think Inflation was bad this year just wait until 2015. In the next 2-3 mos CFK is pumping another 250Bilion Pesos into the economy to cover budget shortfalls.
Nov 22nd, 2014 - 01:57 pm - Link - Report abuse 0Yes 250 BILLION
And BCRA is further restricting imports due to lack of U$.
There's no turning back from this delightful mess they've created.
My hope it is all implodes while CFK is still in office.
Lots will happen in Q1 2015
Lots
I can't wait.
This is good but it will get even better!
These are INDEC's figures - where are the real ones ?
Nov 22nd, 2014 - 05:42 pm - Link - Report abuse 0The trolls think that growth of -0.2% means they actually GREW!
Nov 22nd, 2014 - 05:47 pm - Link - Report abuse 0Why is it that these people cannot use the word “contracted” when talking of a negative action?
@5
Nov 22nd, 2014 - 08:29 pm - Link - Report abuse 0You are absolutely right, there does not seem to be any reliable alternative. Seriously what can they do , more of the same, if you disagree with the ruling party you are accused of sedition and trying to perpetrate a coup. I do not see Argentina getting out of the mess they are in for many decades, something really drastic has to happen. Military Dictatorship? All the parties appear to be populist in nature, would like to hear your take on a solution.
The only reason that Argentina has revived its historic claim to the islands is to distract its populace from its own economic woes. ,
Nov 22nd, 2014 - 10:19 pm - Link - Report abuse 0and the more she goes down the drain, the more the British and the islanders will get the blame,
its all the fault of those nasty brits, that's why were going down the drain,
blame the brits, bla bla bla.
Please people don't get confuse the Argentinian government don't represent a big group the population, this group they could care less about the Falklands or the UK ,, they are just worry , about their day to day living, the inflation and the utterly lack of control they have in the financial future....
Nov 23rd, 2014 - 05:10 am - Link - Report abuse 0pretty sad but i think this is a by product of a failed democracy , (obligatory vote for everybody )with a huge chunk off the this population uneducated just worry about their next govement check ... A Great recipe to maintain this cronies in the goverment forever....
4.2% decline in one month is immense. I don't believe there has been another country declining in that volume in modern times.
Nov 23rd, 2014 - 09:22 am - Link - Report abuse 0We should increase military expenditure in the Falklands - this Argentinian government will get desperate and take bigger risks.
L a Campora the economic ruin of Argentina http://www.strategycenter.net/docLib/20130513_LaC%E1mporaFINAL.pdf
Nov 23rd, 2014 - 11:09 am - Link - Report abuse 0The god awful Nahon creature and the “scientist” Kicitoff really have TMBOA wrapped up nice and tight, don't they?
Nov 23rd, 2014 - 05:36 pm - Link - Report abuse 0Reap it, rotting roadkillians . . . .
Nov 23rd, 2014 - 06:43 pm - Link - Report abuse 0When the IMF don't trust the Argentine Gov figures, and they refuse access to the books, what is there left to say?
Nov 23rd, 2014 - 10:39 pm - Link - Report abuse 0It would be unfair if the Argentines would judge the K decade, only performance of the last years of mistakes in economic matters. Especially compared to the disaster of Menem in 90' with the application of the neoliberal policies promoted by the IMF.
Nov 23rd, 2014 - 10:48 pm - Link - Report abuse 0Between 2003 and 2007 was growing as never before in its history Argentina (between 5% and 9%), with the best economic team which has memory any Argentine, led by Roberto Lavagna.
Cristina error in these last years was closed in a small number of collaborators (The campora), I think, for two reasons:
One: or ideological issues
two: “VIVIR CON LO NUESTRO” without relying on international financial market, thanks to the traumas that left the adventures of “King Carlos first of Anillaco and Mingo Cavallo” left us indebted “hasta las pelota” with the IMFcomplicity.
But we must be positive, now in December, ending the RUFO clause, which clarifies the picture a little. Do not forget that in 2015 we voted president and Argentina will rotate according to the polls towards the right center.
19.
Nov 23rd, 2014 - 10:58 pm - Link - Report abuse 0”Between 2003 and 2007 was growing as never before in its history Argentina (between 5% and 9%), with the best economic team which has memory any Argentine, led by Roberto Lavagna.“
Argentina simply recovered after a massive devaluation and crisis, it doesn't mean to say Argentina ”grew“
Roberto Lavagna & Nielsen are responsable for the terribly bad ”canje” of 2005 and you cant blame Mingo Cavallo and Menem for that.
The 1990s where far better years than the 2000s in all macro levels, and CFK has yet to deliver a country in late 2015 which will be in ruins and bankrupt for generations to come.
It sounds like Hernan thinks that the bad times will be over soon.
Nov 23rd, 2014 - 11:14 pm - Link - Report abuse 0I think it will take at least a generation to fix what these Kidiots have done to that country.
oh dear, methinks Hernan is not only drinking the Kool Aid, he is drowning in it.
Nov 23rd, 2014 - 11:25 pm - Link - Report abuse 0I have to be positive, Argentina is my country. It may be difficult for you to understand my words.
Nov 24th, 2014 - 12:28 am - Link - Report abuse 0Ilsen, believe that Kool aid that never existed here, the closest thing is the juice Tang, I think, although I'm not sure.
Hard Head: affirmatively, it was good macro, not micro. In the 90s it was only benefited financially and speculative.
I live in an industrial city and I can assure you, the Menem policies, in my region were truly disastrous leaving poverty and unemployment. Many technicians and university graduates were thrown out of their jobs, when smelting furnaces were turned off at SOMISA (once considered the largest steel producer in South America).
Please try to make the effort, if you know Castilian and read this:
http://es.wikipedia.org/wiki/Somisa
in particular the part of PRIVATIZATION
Somisa was running a deficit, it was a State monopoly which function was to supply cheap raw material for the inefficient Argentine manufacturers.
Nov 24th, 2014 - 01:37 am - Link - Report abuse 0I dont give a fuck about Alfredo Zaiat's lies and so many myths that communists and industrial populist make about State enterprises.
All I see is a bunch of bums
https://www.youtube.com/watch?v=A1znrtb37sY
The best thing that the Carlitos did was to axe YPF, Aerolineas, the trains and so much other crap that costed billions of tax payers money.
Get it into your head that Socialism doesn't work.
@21
Nov 24th, 2014 - 05:43 am - Link - Report abuse 0:(
http://lifestylejournal.com/rickards/?aff=1169&sub=taaRick3&utm_medium=nbcsports-profootballtalk
@25
Nov 24th, 2014 - 03:44 pm - Link - Report abuse 0;)
http://www.buenosairesherald.com/article/175407/kirchnerite-activist-d%E2%80%99el%C3%ADa-threatens-judge-bonad%C3%ADo
Time for me to start buying property soon!
Nov 24th, 2014 - 07:27 pm - Link - Report abuse 0Metal containers are a good buy,
Nov 24th, 2014 - 08:09 pm - Link - Report abuse 0keeps argies warm in those winter months...lol
I think you people should just pray instead for your NorthAmoan brothers: they will be fighting in their Civil War II from tonight onwards.
Nov 25th, 2014 - 03:12 am - Link - Report abuse 0Bye Bye USA.
The twelve month projection for oil prices is nearing mid 50s a barrel. Venezuela will have exploded long before then, Argentina's dead cow becomes the dead pig.....not kirchner, she will be known as the dead ass.
Nov 25th, 2014 - 03:28 pm - Link - Report abuse 0The poor feeding off handouts will never know any better but those who work will become the new poor. Kirchner running a country is like having a carpenter performing neuro-surgery.
Poooooooor Argentina.
26 BUILDINGS completely burned, at least 90 cars burned, 295 gunshots reported, looting rampant in St Louis, Detroit, and Oakland, protest all over the country... and that's just the last 12 hours.
Nov 25th, 2014 - 06:46 pm - Link - Report abuse 0Only one thing can be said of the USA today
https://www.youtube.com/watch?v=-opY4qcidFk
:)
Only one thing can be said of the USA today
Nov 25th, 2014 - 07:34 pm - Link - Report abuse 0no matter how many buildings are burnt , no matter how many riots there are,
the USA will always rebuild and come back...
26 buildings......90 cars........295 gunshots......and 317,000,000 people, approximately 254,000,000 registered vehicles and 4,900,000 commercial buildings and about 125,000,000 residential homes......all inside of the USA.
Nov 25th, 2014 - 09:30 pm - Link - Report abuse 0Ferguson is by far tragic......but not what a titti like you wishes it to be.
You would think that the Chilean Peso would start to take off as an alternative safe haven currency in Argentine. Much easier to come by.
Nov 26th, 2014 - 09:04 am - Link - Report abuse 0God even Paraguy's and Bolivia's currency could be seen as a safe haven now.
For you to I
Nov 27th, 2014 - 10:56 pm - Link - Report abuse 0http://finance.yahoo.com/news/32-quotes-revealing-foreigners-amazing-150030107.html
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