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Argentina's annual inflation during 2018 estimated at 48%, highest since 1991

Monday, January 14th 2019 - 09:31 UTC
Full article 35 comments

Argentina's stats office Indec, is scheduled to announce December's inflation and for the whole of a very volatile 2018 next Tuesday, with estimates ranging at 48%, the highest in the country since 1991. November's Consumer Price Index was 3.2%. Read full article

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  • Think

    TWIMC...

    Sometimes..., this humble Patagonian must agree with that zealot radical neoliberal/neocapitalist crusading Bloomberg...:
    ***” Since he swept to office in 2015, Argentina’s Mauricio Macri has been called plenty of names (even 'TURNIP'... (N. A.)) by his left-wing opponents... But the label that’s likely to sting most for an investor-friendly leader is the one applied by global currency markets...: WORLD'S BIGGEST LOSER. ”***
    https://www.bloomberg.com/news/articles/2019-01-13/top-strategists-have-a-warning-for-argentina-bulls-calling-rally

    Looooooooooooser...

    Jan 14th, 2019 - 12:54 pm - Link - Report abuse -1
  • ExPat 1987

    Great news, long may it continue........different leader same result, tin pot corrupt sh****le of a country....

    Jan 14th, 2019 - 02:42 pm - Link - Report abuse -2
  • Don Alberto

    Too bad Cristina isn't presidenta!

    If she were INDEC would have reported an inflación of 9.7 percent and that a family of four could live on $ 24 a day.

    Jan 14th, 2019 - 02:48 pm - Link - Report abuse 0
  • DemonTree

    “Too bad Cristina isn't presidenta!” ...because then we could keep blaming her for all Argentina's problems rather than awkwardly try to ignore that our favoured candidate has done even worse.

    Jan 14th, 2019 - 09:34 pm - Link - Report abuse 0
  • Enrique Massot

    Devastation is an appropriate term applied to Argentina's current reality.

    Macri has not only created a debt that will saddle future generations -- he is responsible for scorched-earth measures that have destroyed the country's productive capacity, ever reducing repayment capacity.

    However, some dubious characters still attempt to deflect by blaming a government that ceased to exist over three years ago.

    Meanwhile, Cristina is sitting down and watching how the ranks of her potential voters swell as purchase power continues to slide.

    Sad end of hopes for a 'business friendly' administration that ended up fattening only some friends.

    Jan 15th, 2019 - 03:21 am - Link - Report abuse -2
  • Think

    TWIMC...
    Puerto Madryn, Chubut, some hours ago...
    Chubuteans spontaneously saluting our visiting president...
    https://m.youtube.com/watch?v=fpbJ

    Jan 15th, 2019 - 01:33 pm - Link - Report abuse -1
  • DemonTree

    It says 'video unavailable'.

    Jan 15th, 2019 - 06:16 pm - Link - Report abuse 0
  • Jonaz_BsAs

    Those who sincerely believe that Macri is a “market liberal” or even worse, a bloodthirsty, child abusing “neoliberal”, have to pull their heads out of their behinds: Macri's policies have been a b.s. cocktail of populism and wishful thinking and nothing but. He himself is a weak beta cuck “leader”; exactly NOT what Argentina needed.

    Slogan 2019: Espert o Ezeiza.

    Jan 15th, 2019 - 10:28 pm - Link - Report abuse 0
  • Think

    https://m.youtube.com/watch?v=BdzRH9D-Dhc

    Jan 16th, 2019 - 12:42 am - Link - Report abuse -1
  • Jonaz_BsAs

    @Think

    Thank you but we do know already that the average Argentine citizen is an idiot. Nothing new here.

    A much more interesting topic would be to investigate how the hell this happened and how to reverse this self destructive trend; that is, how to limit the production of Argento imbeciles.

    Jan 16th, 2019 - 03:27 am - Link - Report abuse -1
  • DemonTree

    Thanks, Think. I'm relieved it was a peaceful protest this time.

    Also, using the phrase 'beta cuck' basically means you've failed at life. Why am I not surprised?

    Jan 16th, 2019 - 09:31 am - Link - Report abuse 0
  • Think

    TWIMC...

    Wonder what is it about this auld, humble Patagonian..., that so often attracts absolute turnipy comments from complete Turnips like that Jonaz_BsAs above...?

    Jan 16th, 2019 - 02:29 pm - Link - Report abuse -2
  • DemonTree

    Because you say things they don't want to hear.

    Jan 16th, 2019 - 04:45 pm - Link - Report abuse -1
  • Enrique Massot

    Mauricio Macri and the “best team of the last 50 years” failing miserably, hopeful cheerleaders turn now to their next hope—right wing Bolsonaro.

    And so, the quest to keep Latin America’s neo-colonial status by any possible means continues on.

    The day will eventually come when our countries succeed choosing their own destiny and develop fully their economies, defeating those who keep us in the 19th century.

    Jan 16th, 2019 - 05:34 pm - Link - Report abuse -1
  • Jonaz_BsAs

    DT: See, your president isn't much of a man. The term “beta cuck” is in fact very apt:
    https://www.urbandictionary.com/define.php?term=beta%20cuck

    How does one “Think” with ones head up the a$$? Please enlighten me, Mr Thick. It seems so difficult - but then again, there's no sign of any cerebral activity judging from your posts.

    EM: Your a$$ is stuck in the 19th century. I'd say in 1867.

    Espert o Ezeiza 2019

    Jan 16th, 2019 - 05:57 pm - Link - Report abuse -2
  • DemonTree

    My President? Lol. No thanks, I prefer the Queen.

    Are you an incel, Jonaz? Never mind, next year you can elect CFK again, she should be 'alpha' enough for you.

    Jan 16th, 2019 - 06:41 pm - Link - Report abuse 0
  • Jonaz_BsAs

    It was by exactly not being an incel I stranded here in Argentina. You can draw your own conclusions.

    If Cristina wins in 2019, this must be regarded as the single most stupid decision EVER made by a voting public. I cannot sincerely think of any worse decision. Really.

    I hate Macri because he sold us a tale about being a liberal but turned out to be exactly the opposite. Regardless, the headless chicken known as Peronistas, Camporistas and the like, will now blame the current economical meltdown on “neo-liberalism” although Macri's policies hasn't had anything to do with liberalism. Zip. Nada.

    Check out how a neighbouring country with REAL liberal policies in place has completely crushed Argentina in econ growth over the last generation:

    https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_kd&scale_y=lin&ind_y=false&rdim=region&idim=country:ARG:CHL&ifdim=region&tstart=632455200000&tend=1484535600000&hl=en_US&dl=en&ind=false

    Or maybe you're just a fact free zone as well? Wouldn't surprise me.

    Espert 2019

    Jan 16th, 2019 - 09:59 pm - Link - Report abuse -1
  • DemonTree

    ROFL. 'Stranded' in a place you hate? Yes, I'll draw my own conclusions.

    And I'm sorry, but CFK isn't even remotely in the league for stupidest decisions by a voting public. Don't you read the news? As for Macri's policies, the 'neo-liberals' were praising them until it all fell apart. I suppose this is some tiresome 'no true Scotsman' argument?

    Jan 16th, 2019 - 10:13 pm - Link - Report abuse 0
  • Jonaz_BsAs

    “Don't confuse me with facts, I've already made up my mind”
    You didn't check the link, did you?

    Btw, I don't hate Argentina. I don't even know how that would be possible.

    Rather, I just feel a mixture of sadness and bafflement due to Argentina's countless missed opportunities and seemingly infinite appetite for self destruction. Like a retarded cousin with some serious drug issues.

    Jan 16th, 2019 - 10:33 pm - Link - Report abuse 0
  • Think

    Gooooooooooooooood boy..., Mr. DemonTree...
    How very sweet..., thoughtful and considerate of you to give the above Anglo Incel Turnip “stranded” in Argentina... the opportunity to air his frustrations...

    Jan 16th, 2019 - 11:38 pm - Link - Report abuse 0
  • DemonTree

    @Jonaz_BsAs
    Why would I need to check the link? The fact that Chile is growing faster than Argentina is hardly novel or controversial. If you want to confuse me with facts, you'll have to find some, first.

    A widely accepted definition of neo-liberalism, and a list of Macri's major policy decisions to compare to it would be a good start.

    Jan 17th, 2019 - 12:30 am - Link - Report abuse 0
  • Think

    TWIMC...

    Just some thoughts about the Shilean “Neo-fascist-liberal” economic miracle that started in the seventies...

    1) That so-called “Miracle”..., was ONLY possible thanks to the visionary previous socialist administration's NATIONALIZATION of the Shilean Copper resources that represented ~40-50% of the Shilean GNP during the 70's.., 80's...& 90's... and ~20-30% during the 00's... & 10's... which financed and facilitated a sound diversification of the Shilean production...

    2)But........., If one should compare me beloved Shile current socioeconomic reality with me other beloved looooong..., thiiiiiiin..., Country called NORGE...,that went through a similar but diverse “Paleo-Social-Democratic” economic miracle during the seventies..., thanks to the NATIONALIZATION of their Oil resources..., one could weep & dream about where me Shile Querido could be today with some less egotistic liberalism and some more solidarian socialism...

    Por lo menos..., así lo veo yo...
    El Think...

    Jan 17th, 2019 - 06:08 pm - Link - Report abuse 0
  • Jonaz_BsAs

    Jeg vil tro jeg vet en del mer om Norge enn deg. Mye mer, faktisk.

    Jan 17th, 2019 - 07:28 pm - Link - Report abuse 0
  • Enrique Massot

    Jonaz

    Anger is a sad place to be, but I understand how you feel after being so grossly mislead.

    However, president Mauricio Macri is doing exactly what he set out to do, which is to destroy most of Argentina's productive sector and take the country back to a golden age where a few families prospered while the majorities languished in abject poverty.

    This was the time the country exported crops and meat and estancieros lived in NY or Paris while their children studied in elite foreign universities while poorly paid rural workers kept their cattle and crops going.

    Macri, who is the son of an Italian industrial and an oligarch, stated long before becoming presidential candidate that Argentina had to lower wages in order to become competitive.

    And guess what? He is succeeding, thanks to raising unemployment and inflation that eats into the purchasing power of Argentines.

    Give him another term, he will make the regression a permanent feature and Argentina will join the most backward group of countries in the planet.

    This new order, however, will benefit a small group of large estancieros, agro-business owners, toll highway enterprises, energy companies and financial institutions that will swim in money like never before.

    But as Macri often repeats, “this is the only way.”

    Jan 17th, 2019 - 07:41 pm - Link - Report abuse -1
  • Think

    Det tvivler jeg kraftig på..., din nepe...

    Jan 17th, 2019 - 08:06 pm - Link - Report abuse -1
  • Jonaz_BsAs

    Jasså, “tvivler” du på det? La oss vedde.

    Jan 17th, 2019 - 08:24 pm - Link - Report abuse -1
  • Think

    Rend og hop..., turnip

    Jan 17th, 2019 - 08:44 pm - Link - Report abuse -1
  • DemonTree

    I see Jonaz_BsAs has abandoned his love of facts when asked to produce some. Quelle surprise.

    @Think
    You're right, but you have to give Chile credit for keeping hold of the really important resource, and then diversifying their production rather than continuing to rely on one export as so many other countries have. Unlike Norway, the Chileans were not free to develop their economy as they wished, but had to keep the US happy.

    Jan 17th, 2019 - 10:09 pm - Link - Report abuse 0
  • Think

    Mr. DemonTree...

    1) Turnip Jonaz_BsAs ain't got no love..., nor facts...

    2) I HAVE given Chile credit for keeping hold of the really important resource and diversifying their production rather than continuing to rely on one export...
    Can't ya read..., boy...

    3) Norway..., as them Shileans was not soooo free to develop their economy as they “wished”..., boy...
    Cold War..., ~ 200 km land border with the CCCP..., Nato Membership..., they had to keep them Yanks happy too...

    Jan 17th, 2019 - 10:38 pm - Link - Report abuse 0
  • DemonTree

    I didn't see the Americans sponsoring coups in Scandinavia. Europe got the carrot and Latin America got the stick.

    Jan 17th, 2019 - 11:19 pm - Link - Report abuse 0
  • Think

    Boy...
    As I remember that metaphor..., no donkey gets no carrot nor stick..., never..., ever...

    Jan 17th, 2019 - 11:42 pm - Link - Report abuse 0
  • Jonaz_BsAs

    DT: I speak 5 languages. Retard isn't one of them. I provided you with cold, hard facts, which, surprisingly, you dismissed without explanation. You seem to be beyond any help or repair.

    Norway and Denmark were invaded and occupied by Germany just a couple of decades before any US interventions occurred in LatAm but Scandinavian culture isn't one of eternal resentment and excuses which explains, well, pretty much everything. The Scandinavian countries simply just moved on.

    T: Your written English as almost as bad as your Norwegian. Home schooled perhaps?

    I'll let the three stooges have the last word. I haven't got time for an eternal clown thread.

    Jan 17th, 2019 - 11:55 pm - Link - Report abuse 0
  • DemonTree

    @Think
    I've heard that phrase used so often I've never thought about where it came from. But it's true isn't it? The US aimed to stop Europe going communist by developing our economies so we wouldn't want to, whereas in Latin America they used more direct methods.

    @Jonaz_BS
    I asked you for facts and you didn't even reply. Speaking 5 languages is useless if you have nothing to say.

    Think taught himself English, yet you are the one who sounds like a fool. Feel free to run away.

    Jan 18th, 2019 - 12:11 am - Link - Report abuse 0
  • Think

    Mr. DemonTree...

    You say...:
    ***“US aimed to stop Europe going communist by developing our economies so we wouldn't want to, whereas in Latin America they used more direct methods.”***

    I say...:
    US aimed to stop Europe going communist by developing their economies with the exception of Italy and Greece..., where they..., during the late forties..., applied the very same “Direct Methods” as in Latin America...

    By the way...
    - No wonder that that polyglot Turnip from above THINKS that my written Norwegian is bad...
    That's maybe due to the fact that I didn't write one single word in Norwegian...!

    What a complete Turnip...!
    Chuckle... chuckle...

    Jan 18th, 2019 - 12:54 am - Link - Report abuse 0
  • DemonTree

    @Think
    I knew there was a civil war in Greece, with the non-communist side supported by the UK and later US, so I see your point there. But they ended up with a democratic government and Marshall aid, unlike Latin America. And I didn't think anything like that happened in Italy. All Wikipedia says is that in 1947 the communists were expelled from government under pressure from the US.

    And ROFL at the polyglot who can't tell good Danish from bad Norwegian. All that learning and still a complete turnip, it's downright disappointing. I'm sure he'd soon know the difference if you were speaking to each other.

    Jan 18th, 2019 - 10:04 am - Link - Report abuse 0

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