The US dollar rose 22 cents against the Argentine peso and closed at a 1 US$/ AR$37.50 parity on Thursday. It was the second day in a row for an upward trend following seven straight slumps. Read full article
”...controlling the monetary aggregates until achieving substantially low inflation.”
Minister Dujovne, same as other officials and Mauricio Macri himself, believes in the magic power of words, even at a time when all sectors of the Argentine economy fall apart.
The Argentines, however, have been exceedingly tolerant and allowed almost three years of honeymoon to a government that has relentlessly eroded their purchase power, while allowing fortunes to be made through financial speculation.
Such is the scheme of the rich and powerful: to convince the masses of the unwashed to endure poverty now in exchange of a promise of future wellbeing. A future that will be permanently pushed ahead like a desert mirage.
However, nobody can trick all the people all the time: Since September, opinion polls are attributing a majority vote intention to Cristina Fernandez de Kirchner. Not even the notebook photocopies affair has made the dent on Cristina numbers the government was hoping it would.
As I said, you cannot keep selling snake oil forever.
A single term of 4 years is nowhere near long enough to put right the damage done during 12+ years of Kirchnerist looting and costly vote-buying. Margaret Thatcher was extremely unpopular - for similar reasons - during her first few years until she was saved by your lot. Britain has a lot to thank Galtieri such an under-rated gentleman - he should have a statue if not in Trafalgar Square, then in Port Stanley. Perhaps Macri should secretly encourage the kelpers to invade Tierra del Fuego, so that he can win a couple more elections? A win-win strategy surely?
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Disclaimer & comment rules”...controlling the monetary aggregates until achieving substantially low inflation.”
Oct 20th, 2018 - 05:03 am - Link - Report abuse -1Minister Dujovne, same as other officials and Mauricio Macri himself, believes in the magic power of words, even at a time when all sectors of the Argentine economy fall apart.
The Argentines, however, have been exceedingly tolerant and allowed almost three years of honeymoon to a government that has relentlessly eroded their purchase power, while allowing fortunes to be made through financial speculation.
Such is the scheme of the rich and powerful: to convince the masses of the unwashed to endure poverty now in exchange of a promise of future wellbeing. A future that will be permanently pushed ahead like a desert mirage.
However, nobody can trick all the people all the time: Since September, opinion polls are attributing a majority vote intention to Cristina Fernandez de Kirchner. Not even the notebook photocopies affair has made the dent on Cristina numbers the government was hoping it would.
As I said, you cannot keep selling snake oil forever.
A single term of 4 years is nowhere near long enough to put right the damage done during 12+ years of Kirchnerist looting and costly vote-buying. Margaret Thatcher was extremely unpopular - for similar reasons - during her first few years until she was saved by your lot. Britain has a lot to thank Galtieri such an under-rated gentleman - he should have a statue if not in Trafalgar Square, then in Port Stanley. Perhaps Macri should secretly encourage the kelpers to invade Tierra del Fuego, so that he can win a couple more elections? A win-win strategy surely?
Oct 22nd, 2018 - 06:56 am - Link - Report abuse +1Commenting for this story is now closed.
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