MercoPress. South Atlantic News Agency
Argentina's economic activity up 0.6% in December; industrial production down in January
Argentina's economic activity index, EMAE, increased 0.6% in December 2014, compared to the same month of 2013, according to the country's Indec stats office latest release. This marks the third consecutive monthly growth, after previous negative results. Read full article
Comments
Disclaimer & comment rulesEconomic activity up 0.6 per cent in December?
Mar 02nd, 2015 - 09:25 am - Link - Report abuse 0Manufacturing 2.1 per cent down in January...“although it showed a 1.1 per cent improvement when compared to December?”
I had read comments promising the country's imminent implosion, but those numbers got me a bit confused. Anybody up to explain the mystery?
industrial production down ,
Mar 02nd, 2015 - 11:52 am - Link - Report abuse 0And will go down further as china will bring in its own workers....lol
@1 Enrique
Mar 02nd, 2015 - 11:55 am - Link - Report abuse 0How about a proper quote to start,
“Manufacturing was 2.1% down in January in the yearly comparison,”
”car exports during January were down 61.1% according to the Association of Car Manufacturers (ADEFA). ADEFA has also pointed out that new car sales are 27% down in the same period.“
”The sector with the second-largest decline was clothing, with a 10.8% drop, followed by plastics (-9.5%) and printing (-5.6%), “
”The steady trends seen in manufacturing... 84.1% of those interviewed by INDEC said they were not awaiting demand improvements for February”
Looks like a cash injection ( more borrowing) from China helping to re float Argentina
http://www.focus-economics.com/countries/argentina
What a lie, HTF can every single industry be down and the economy is up?
Mar 02nd, 2015 - 01:10 pm - Link - Report abuse 0Is everyone down there stupid?
@1. Try it this way. INDEC figures. If you were there and you looked around, then read http://www.turkishweekly.net/news/176460/argentina-says-inflation-to-end-year-at-24-percent-annual.html , would you believe Kicilloff's 24% or the 40+% reported by Congress?
Mar 02nd, 2015 - 03:00 pm - Link - Report abuse 0Magic math.....Argentine math.....same thing. Enrique, if you think Argentina is the people's paradise, why not move back rather than spewing garbage from the comforts of North America?
Mar 02nd, 2015 - 03:01 pm - Link - Report abuse 0Is this what stops you from returning?
“Latin America's social progress has stopped, thanks partly to a sharp uptick in Venezuelan poverty.”
http://www.bloombergview.com/articles/2015-03-02/the-delusions-of-venezuela-and-argentina
I assume you declined to return to Argentina is the very real fear of having to live like.......an Argentine in Argentina.
The stupid part of all this is they've also laid off about 300K people in the last quarter and had tons of business failures.
Mar 02nd, 2015 - 09:28 pm - Link - Report abuse 0What a silly bunch of morons they have down there.
The stupid part of all this...
Mar 03rd, 2015 - 03:22 am - Link - Report abuse 0Is that the fools accept it.
In the name of of Socialism/Peronism.
They won't stop until everyone is equally poor.
It will be more like China then, a mammoth subclass of subsistence-wage workers.
Mar 03rd, 2015 - 06:09 am - Link - Report abuse 0Oops, didn't one of the Populist Peronist Trolls on here accuse thst to be the goal of Capitalists???
Actually, a society and an economic system based on Consumerism, needs a well-payed work force - just ask Henry Ford.
The government has got their figures mixed up. The only increase in economic activity is the 41% increase in state employees.
Mar 03rd, 2015 - 09:59 am - Link - Report abuse 0Enrique you need to demand a pay rise to 2 choripans for each post here.
I am not sure were Dirk Diggler from Western Canada is now but here's the link I promised while I was on vacation.
Mar 03rd, 2015 - 03:35 pm - Link - Report abuse 0http://www.ieco.clarin.com/economia/desendeudamiento-irreal-alto-costo_0_1313268797.html
I await your apology.
I think Derke is gone - never to return again...
Mar 03rd, 2015 - 06:07 pm - Link - Report abuse 0@11 Yankeeboy
Mar 03rd, 2015 - 08:58 pm - Link - Report abuse 0Not so fast Troy.
Thanks you very much; as I see you have adopted the Malvinist's wonderful habit of posting links to articles which completely contradict your premise and statement.
You unequivocally stated that the Argentine debt-to-GDP was 225%. You were wrong, and you just posted a link which proves that, even when they take an extremely liberal stance on what constitutes debt.
http://en.mercopress.com/2015/02/21/argentina-suggests-judge-griesa-to-remove-pollack-since-he-favors-holdouts
#88 ..... #96
Even when including all possible intangibles (for instance, a possible pending award is not an actual dept; it is certainly a liability; not a debt function and a percentage should be calculated & assumed; but let's go with that regardless!).
“ ....... US $ 198,900 million in June 2014. To this figure must be added unaccounted debt, such as the remaining holdouts GDP coupon, which would bring the total debt to US $ 270,000 million, almost 60% of GDP to official dollar”.
That's 60%, even when adding up debt with is not included in calculations of OTHER countries national debt, including the United States (US “state” debt is now over 4 TRILLION, most of it in unfunded public pension liabilities; but that is not tacked onto US national dept, is it).
Give-up. You were factually wrong when you pulled the 225% figure out-of-your-butt. Even if you exchanged all the debt at the blue, and assume that the government has grossly overstated GDP, your guess is off by at least 300%.
Your foolish pride will not allow you to admit you were mistaken about something. When I am (often) wrong, I admit it. It's called maturity.
Now, as my friend Troy has mentioned, I do not have the time to spend all my time on these boards; but if you factually misrepresent or address me again, I'll be more than happy to give you another intellectual spanking.
I have to get back to contributing to the GDP of Canada ............ $50.00/bbl oil is killing me.
Derke
Well that GDP figure is based on 8/1 not 13-14/1 so there's the first part of the equation that is wrong.
Mar 03rd, 2015 - 09:21 pm - Link - Report abuse 0Second I think they've had 5-7 yrs of fake GDP growth, 2-5% a year that never existed and most likely has actually been a recession.
So yeah I stand by my figure.
We'll not know until a credible organization can audit.
and who knows when that will be.
Intellectual spanking...bahahahahhaha
okay.
@14 yankeeboy
Mar 03rd, 2015 - 10:39 pm - Link - Report abuse 0Holy crap.
First accurate post you've had on the subject, as you finally refer to it as “my” figure (i.e. the figure I pulled from my butt).
I guess the fact that it's NOBODY else's figure, and is at MULTIPLE odds with every single other financial entity on earth just doesn't matter; that's including WB implied PPP-based, exchange-rate GDP estimates (a more accurate account of accumulative-orientated living standards and hence domestic exchange anyway), and tosses your straw-grasping comment referencing the exchange-rate right out the window; as it is actually HIGHER.
Your 225% client is guilty. Accept his sentence and move on.
BTW, I have no idea how you manage to post all day, every day on here; but I suspect the answer is considerable less glamorous than you pretend it to be. But whatever floats your boat and get you through the day. I actually have other pursuits.
As you obviously have unlimited time to beat dead horses on here, I'm sure you'll get in the last (petty) word, as always. Go ahead, prove me right. Again.
Although I have seen this movie before.
Derke
Silly retard I told you before the WB IMF etc etc etc figures are all from Argentina they don't produce their own financials nor has an audit been done since 2007.
Mar 03rd, 2015 - 10:47 pm - Link - Report abuse 0My guess GDP is off as much as their inflation numbers.
We won't know until someone audits then it will be scary scary scary
Why do you care anyway?
You can't prove me wrong so why bother trying.
BTW oil is going lower so enjoy the pain.
:)
Too bad gasoline is not. Topped at 2.39 today after bottoming out at 1.94 4 weeks ago.
Mar 04th, 2015 - 12:05 am - Link - Report abuse 0ooh! I love a little cat-fight.
Mar 04th, 2015 - 01:34 am - Link - Report abuse 0Pray continue.
xxo
@18 ilsen
Mar 04th, 2015 - 10:09 am - Link - Report abuse 0A matching of wits, but only one side is armed.
Have a nice evening. You seem wonderful and charming.
D
19. Are you saying you don't understand fractions and how to arrive at a %?
Mar 04th, 2015 - 02:29 pm - Link - Report abuse 0Cause that's what it sounds like to me.
and to the rest of us.
@20 yankeeboy
Mar 04th, 2015 - 05:51 pm - Link - Report abuse 0You just can't give it up, can you.
As I have proven above, you do not possess even a rudimentary understanding of finance or economics.
Who posts links that contradict, 100%, what they claim?
Not me. You.
You cannot find one single error in anything I have ever posted. Not one. Ever.
You have no idea whom you are up against.
You are obviously not capable of intelligent debate. Some of the Malvinists are more logical. Pitiful.
Period.
Derke
http://www.lanacion.com.ar/1773448-advierten-que-entran-menos-dolares-de-lo-anunciado
Mar 05th, 2015 - 02:58 pm - Link - Report abuse 0You've not proven anything. I've said now what 5X the numbers you posted as proving the DEBT/GDP % are wrong. Really really wrong.
See link above as one tiny example of why.
And you can't find one error in anything I've posted.
I will tell you what I am posting will be proven to be correct as soon as there's an audit.
We'll just have to wait.
My track record speaks for itself.
Go kayaking you obviously are way over your head SISTAH.
Thanks. Once again you post a link which contradicts your position. At least you're consistent. Are you sure you're not Argentinian?
Mar 05th, 2015 - 05:03 pm - Link - Report abuse 0All it says is that (maybe) the export figures might be fudged; by a whopping 6.6%!
But in your mind that somehow relates to the GDP numbers being fudged by 500%+, or all-in 300%+?
You're just being silly. You really don't know when to cut and run.
Your track record DOES speak for itself. I've noticed you're always wrong with your silly speculations. But you always add that “just wait, it's coming” caveat.
I have forgotten more about finance and economics than you'll ever know.
And I don't specialize in childish, silly speculations. Facts, facts and more facts. One would think you had learned that by now.
Derke
It seems like you've forgotten simple math along with financing and economics, Sistah.
Mar 05th, 2015 - 06:30 pm - Link - Report abuse 0Let's jsut take a GDP number of U$ 600 if that number was based on 8/1 but the real figure is 13/1 we get...370MM...now lets say that the 600 number has been fudged by as much as 5% a year for 7 years...
Do the math and tell me I'm wrong again.
Dufus.
@24 yankeeboy
Mar 05th, 2015 - 07:52 pm - Link - Report abuse 0Hoo-Hum. You're wrong, again.
Yeah, even taking all your ridiculous assumptions into account, you're not even in the ballpark.
I'll do this at a grade-school level for you.
Exchange everything at the Blue, ridiculous as that is, we'll give you that massive head-start (BTW, we supplied a heat-exchanger to Dow in Bahia Blanca and it's exchanged at the official rate); reverse compound everything back to 2007 at 5%, as YOU say, and you still have an economy of over 260B.
It's absolutely ludicrous to think for one second that their economy is really that small (smaller than Singapore or HK!), but let's go with that to make you happy. A public dept (again, a over-estimate, all in) of 256B USD, and you have a debt as a percentage of GDP of 97% (or over double what ANYBODY else says; but then you're the accurate authority, aren't you).
To put that in perspective, the US is at 75%. Japan is at about 185%.
So your “debt to GDP is 225%” number that you pulled from your butt is just that. A number.
Don't worry; using your own silly assumptions and numbers, you were only off by about 250% or so.
You must be a mental-masochist; either than or just too insecure to admit when you're wrong (there, I thought I'd throw you a speculation bone, since you're so obviously into that kind of thing).
The hilarious part is that you would have been rid of me days ago if you just would have quietly crawled away, licking your cognitive wounds. You could have returned to your brown-nosing hordes.
Remember who challenged who? Big mistake.
You're out of your depth here; and that's NOT speculation.
Derke
YB and Derke
Mar 05th, 2015 - 08:17 pm - Link - Report abuse 0As much as we would all like to see CFK and cronies get their comeuppance for a crap economy - they will Slough off the blame.
The economy of Argentina still seems to have some solid underpinnings - their big problem is - they CAN pay their debts and rectify their relationships - as Enrique points out - they CHOOSE not to,!!
In their own self- interest it seems. At least, that's how it plays at home.
I can understand the frustration of YB - creditors have been screwed by a dishonourable government that has defied its obligations to Creditors.
No point beating a dead horse.
Personally, I hope NML et Al can seize substantial assets, then walk away.
Leave Argentina to deal with their new indentured status with China!
What could go wrong??!
Wait a few years, there will be bargains to be had and an Argentina with more humility.
Hi Troy,
Mar 05th, 2015 - 08:37 pm - Link - Report abuse 0Well put; and all true.
I just prefer to fight their lies with the truth and accuracy. Otherwise we abandon the moral high-ground and are reduced to just a different side of the same coin.
Cheers & I think spring (summer!) is here. Off for a kayak with the puppy.
Derke
I just prefer to fight their lies with the truth and accuracy. Otherwise we abandon the moral high-ground and are reduced to just a different side of the same coin.
Mar 05th, 2015 - 09:24 pm - Link - Report abuse 0Me too.
Amen!
Mar 06th, 2015 - 12:20 am - Link - Report abuse 0irk Diggler, Here's another nice little tidbit you should probably read.
Mar 06th, 2015 - 01:02 am - Link - Report abuse 0www.cavallo.com.ar/un-discurso-lleno-de-sofismas/
The course deleveraging is also a lie. The public debt the government of Cristina will leave amounts to 250 billion dollars, ie more than 100 billion dollars above what existed at the end of 2001. As a percentage of GDP, public debt represent, to end of 2015 the same percentage of GDP that represented the end of 2001. The big difference is that the 90 left a strongly capitalized economy had invested over 70 billion dollars in the energy sector, for example. By contrast, Cristina will leave a deranged energy economy.
So care to concede yet or do you need more facts?
@30 Yankeeboy
Mar 06th, 2015 - 02:12 am - Link - Report abuse 0You just won't let it die, will you. I can blow that one out of the water from my cell-phone.
What number did I use @25 for the Debt figure? Guess what ........... 256B USD. Surprise! Your link is (yet again; for the 3rd time) utterly pointless.
Show me the 225% reference or leave it alone.
Intelligent debate is not suppose to be a battle of attrition. I can't be on MP 24/7 like you.
Jezzzz; has no one has ever taught you to cut your loses and move on? You're like a bad case of herpes; you just keep coming back.
Give it a burial. You were wrong. Move on.
Derke
Dirk Diggler, Maybe you don't understand what I am trying to get through to you, its not the figure of 225% which is a guess from me, a pretty good guess once the dust settles and there's an audit, but that you stating that the GDP/DEBT ratio is somehow better under the Kthugs and I've given you plenty of data showing there's no way that it can be and everything they've put out since they've been in power has been falsified to their advantage.
Mar 06th, 2015 - 12:33 pm - Link - Report abuse 0And for teh umpteenth time nobody will know for sure until a legitimate gov't gets in place and they let an Int'l org sort out the mess.
I feel sorry for people like you.
Clearly you have issues.
From the sublime to the ridiculous. (No, not the other way around).
Mar 06th, 2015 - 01:25 pm - Link - Report abuse 0How's this; as this is getting painful for me; it's like talking to a rock.
I'm going to admit that I made a mistake on a previous post.
I said “bad case of herpes”. It was obviously unnecessarily redundant (see that one?) of me to use the adjective “bad”, as there's really no “good” case of the herpes.
Now, let's wait ten seconds ..............
See, the fact I'm still typing proves that my frontal cerebral cortex didn't explode all over my phone (and I'm doing this drunk; plastered really).
You can do it too; just try it. The truth will set you free. It's a wonderful feeling. Really. You'll feel a big weight lifted from your shoulders.
“I was wrong”. In fact, we'll even let you off with a “I was mistaken” (don't let anyone say I'm not a “giver”).
Humility is a virtue, not a vice. I suspect you were never taught that; but trust me.
Troy gave you a nice out; you showed a oh so tiny sliver of magnanimity at @28, then you fall right off the wagon at @30 again by throwing another irrelevant log on the fire and we're back to square one.
I feel like I'm training my puppy but apparently he's got better retention skills (don't make me roll up a newspaper on you).
You honestly can't be this insecure?
Have a look; my thoughts:
https://www.youtube.com/watch?v=sZYDo9nQ7TA
And why not let Enrique have the last word. He's a gentleman, regardless of his views; and it was only “Amen”.
And seriously. How do you manage to spend so much time on here. It's 5:23 am where I am. I'm drunk and about to go for a run to sweat out the booze. How do you do it?
Cheers,
Derke
Dirk, Sistah, I don't think you understand what you are reading although I will say alcohol consumption makes your posts a bit more readable.
Mar 06th, 2015 - 02:32 pm - Link - Report abuse 0Enrique, and the rest of the K apologists are disgusting human beings encouraging the uneducated to believe the lies of Collectivism/Statism. I will always reply to their lies and half truths with reality.
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