MercoPress. South Atlantic News Agency
Investors stunned by Cristina Fernandez political move, but markets finally opted for a cautious calm
Argentine markets recovered following an early wobble on Monday as investors grappled with the likely impact of a shock twist in the country’s presidential election race after the main populist challenger opted instead to launch a vice presidential bid. Read full article
Comments
Disclaimer & comment rulesThe markets are not spooked after the announcement of the new Alberto-Cristina ticket.
May 21st, 2019 - 05:24 pm - Link - Report abuse -2Why would they be?
Nothing could be worse than the famously touted “free-market” Cambiemos.
Enrique, you have lived in “free market” Canada since you were a young teenager.
May 21st, 2019 - 08:48 pm - Link - Report abuse +2Not once in your hundreds of posts here have you ever even implied that you have ever returned to Argentina.
You are comfortable in “free market” Canada and you won't go near Peronismo Argentina.
You go on about how terrible “free market” economics is, even though you never left it your whole life.
And you go on and on about about how wonderful Kirchnerism and Peronismo is, but you won't go near it.
You haven't spent one second of your life in Peronismo Argentina.
Printing a ton of money to pay for handouts and government jobs only leads to pain.
Controlling prices cuts off growth and perpetuates high prices and pain.
Subsidizing high prices circumvents supply and demand adjustment pains, leading to brutal pain.
All of which, Enrique, you are in complete support of. While not having lived through any of it.
@BP
May 22nd, 2019 - 04:49 pm - Link - Report abuse -2NIce try, BP. You hope to shift the subject, from the current state of the Argentine economy, to this humble contributor -- just because I sign up with my real name. Won't work.
Now: In spite of what horrified MP posters assume, I haven't advocated for any sort of socialism or similar system in Argentina.
You probably ignore it, but Peronism and its best expression, Kirchnerism, does not fosters socialism -- it supports a capitalist economy with a strong state component.
My line above meant Cambiemos presented itself as a champion of the free market but failed miserably to foster it in Argentina. If anything, Mauricio Macri succeeded in killing a large part of Argentina's economic lifeblood -- you may have heard of plummeting industrial activity, of high percentages of existing productive capacity being unoccupied, etc.
If Macri had implemented his much touted “free market” policies in a smart fashion, Argentina would not have business-killing interest rates of 70 per cent plus and several other recession-generating measures.
I would even risk to say that, if Macri had been at the very least an honest capitalist, he would at this point be looking at re-election.
Just so that it's clear: Argentina has never had a healthy, capitalist economy. Too many interests constantly plot to keep the country as a seller of raw commodities as it was in the 19 century but does not make a country economically viable nowadays.
And so, let it be known to all MP posters that I would pretty much welcome a candidate with plans to reactivate the economy with a strong capitalist component. I believe the ticket Fernandez - Fernandez is the best shot to implement that option.
May 25th, 2019 - 03:05 pm - Link - Report abuse +2While staying put in stable, comfortable Canada.
You think Kirchnerism was the best expression of Peronism?
Pot banging and all?
People who lived in the middle of Kirchnerism disliked it enough to take a chance with a non-Peronist candidate.
Those recent polls you cited didn't show real Argentines as being so enchanted with Kirchner and Kirchnerism either.
Like I said, you never had to live in it.
You think Macri is a dis-honest capitalist? You think CFK is honest?
Was INDEC an example of how honest CFK was?
Those under-reported figures ripped off bondholders.
Do you think most Argentines living in Argentina believe CFK is honest?
Neither you or CFK give any weight to honesty or truth, only to your people being in power. Both you and CFK think that whatever truth supports your side being in power, is “the truth”. Typical Marxist bullshitters spewing bullshit.
You don't advocate for socialism in Argentina? (more of EM's fork-tongued “honesty”)
That is a real whopper.
You have said it a few times that you support “free-market” with a strong state presence.
That is just word play deception for “socialism”.
The level of “state presence” that would satisfy you would have very little “free” left in it.
How many best Peronism, Kirchnerist practices do you think Anibal Fernandez is going to re-introduce?
More government employment?
Re-institute gas subsidies?
Regulate money exchanges?
Reform INDEC with its CFK era mathematics?
All of which Macri did away with, but were “best” Peronism economics in your Canadian opinion.
@Enrique Massot
May 26th, 2019 - 03:43 pm - Link - Report abuse +1REF: Why would they be?
Easy to see that she is “Testing Water” before jumping in!
BP
May 30th, 2019 - 01:00 am - Link - Report abuse 0Don't try to impress me with your smart line “you don't live in Argentina.” It won't work, unless you can point to me where MercoPress' residence requirement is printed.
You posting above pretty much lines up your long list of prejudices which can be summarized in ”Peronists (or Kirchnerists) are Socialists, Marxists, etc, therefore they are scary and baaaaad.“
Just in case you haven't found out, the Cold War ended a few years ago and you are in urgent need to update your old, tired knowledge base in order to understand what's going on today.
The other problem you have is, you try to shoot the messenger while neither you or I control what's happening in Argentina -- we can only try to understand it.
Your intellectual acrobatics is shown in this line:
”Those recent polls you cited didn't show real Argentines as being so enchanted with Kirchner and Kirchnerism either.”
Come on! Are you kidding? The ticket Fernandez-Fernandez is 10 points ahead of candidate Mauricio Macri!
And that is the response to all your smart questions above.
End of story.
@Enrique Massot
May 30th, 2019 - 05:58 pm - Link - Report abuse 0REF: “you are in urgent need to update your old, tired knowledge base in order to understand what's going on today”:
Will Argentina STOP begging after the elections? That'll be great news for the South Americans!
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