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Montevideo, October 26th 2021 - 14:34 UTC
Argentine President Mauricio Macri said that monthly inflation would accelerate to 3% in August following a slump in the peso, as the central bank intervened heavily in the market on Tuesday to prop up the local currency. Read full article
Macri has suddenly decided to tell the truth and let the Argentines know what sort of inflation they might expect?
That’s surprising, especially after insisting, for the last four years, that paradise was just around the corner.
Instead, Macri and his accomplices have achieved the fastest and deepest destruction of the economy that Argentina has known through history, bringing the country to a technical default.
Thus Argentina’s wealthy class has once more shown its absolute inability to lead the country through a path of growth.
Their priority was to destroy Peronism. Ironically, their selfishness and greed fueled the overwhelming victory of the FF ticket on August 11.
It won’t be easy, but the FF ticket has shown so far that they may revert the Macrist downward spiral.
CFK lied about the inflation rate and other economic statistics. Indec figures were a fiction.
So far, the FF ticket has shown that the market reaction will be a collapse in the peso etc.
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