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Montevideo, October 27th 2021 - 15:53 UTC
Argentina's inflation turned out to be the world's fourth-highest, according to the International Monetary Fund's (IMF) World Economic Outlook report released Tuesday in Washington. Read full article
Where is Enrique & Co to explain how this is not as bad as it sounds, it is being miss-represented, blah, blah, blah.
Otherwise, we might be tempted to think (and yes, where is he to explain this) that thing are going to shit down there.
P U G O L (ttwh)
Poor Enrique as he cannot explain the major disaster occurring…
Everyone seems to be anticipating high inflation for food products. Just the fuel costs for shipping lines have substantially increased.
One of my very close friends is an Argentine residing in San Juan. The government is in a panic as the cost of living has impoverished his area with diminished real income and serious unemployment.
Their debt crisis and artificial controls over their agriculture make things impossible.
His current opinion is things will get worse…
Our families used to ski together before the pandemic — but he’s now watching his country continue to spiral into an abyss. Argentina and Chile have opened our borders — so I expect a visit soon.
As healthcare is deteriorating there — he has been paying premiums of a Chilean health care provider here and I imagine he’ll go through a routine physical.
He also served in the armada and we first met when he had me as a military delegate guest at their famed elegant Círculo Militar in Buenos Aires. Say what you want to say — but their club is one of the finest in the world with the very best of cuisine!
All the best from Panquehue!
It comes to something when Zimbabwe & the Yemen have more Control over there inflation than Argentina.
D I R K D I K K L E R
Well at least they can compare themselves more economically stable than Venezuela!
Argentina has a massive ability to recover from their financial disaster IF they would adapt to a free market economy and reduce their ingrained corruption.
The national pastime is evading taxes and trying not to pay all the government bribes required to do anything.
They restrict and heavily tax exports — while here in Chile the government does everything to encourage exporters — including not paying taxes until the net-net liquidations are received.
¡Saludos cordales desde Panquehue!
Come on Argentina, pull your finger out. There’s no good excuse for this.
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