MercoPress. South Atlantic News Agency

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  Zaphod Beeblebrox

  But Reekie keeps saying that the economy is a complete disaster and only getting worse! As I have said before, this isn't true and some economic indicators are improving. The balance of trade is one of them and, although it has seasonal variations, it has been trending in a positive direction since around October 2017.
  
  I am not an economist, but I'd have thought that a business that was improving trade like this would have opportunities to start to improve other metrics such as reducing debt.

  Oct 24th, 2018 - 07:48 pm - Link - Report abuse 0
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  The Voice

  Reekie is hardly the person to listen to on economic matters. His self realisation of that fact has caused him to flee to better place to live his life in comfort abroad from where he spouts advice likely to further impoverish his former countrymen.
  Socialists often end up consumed by angst and unreasoning hate spewing bile on those who are trying to extract their country from the dire consequences of the socialist system that continually fails its adherents. Argentina's GDP per capita is about 1/4 of the UKs. Despite its massive resources Argentina's human capital largely follows a 'something for nothing' philosophy resulting in miserable poverty for the masses and hellish conditions for the original Indian inhabitants.
  Meanwhile talented people who have made some money in Argentina are trying to drag the nation up by its bootstraps facing a barrage of ire from hypocrites who have fled and abandoned their country.

  Oct 25th, 2018 - 05:09 pm - Link - Report abuse +1
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  Zaphod Beeblebrox

  TV,
  
  “Reekie is hardly the person to listen to on economic matters”
  
  I know.

  Oct 31st, 2018 - 05:54 pm - Link - Report abuse 0
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  Enrique Massot

  Ah Zaphod, Zaphod.
  
  You were too happy to read the headline and skipped reading the story below.
  
  This is why you reflect your wishful thinking and not the harsh reality - a reality that makes me sad because of the human suffering at stake.
  
  Anyway. Here, for your benefit:
  
  “Economists say September’s trade balance improvement was driven by significant declines in imports of capital and consumer goods...”
  
  Capisce? Where your pink glasses make you see success, this 'improvement' is the effect of the increasing recession that the IMF agreement is only going to deepen as time goes by. No money to buy goods abroad anymore.
  
  Further:
  
  “The trade surplus in September was the first sign of the expected trade and current account adjustment following the large currency devaluation and sharp slowdown in investment spending...”
  
  So there you go. I did not say it. MP did.

  Nov 02nd, 2018 - 09:48 pm - Link - Report abuse 0
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