Recent content by AlexS

Here is a chart for the current account imbalance. You can find charts for the budget imbalance as well. Every central bank practices monetary expansion. The only difference is when the US does it, they expand at a much lower rate than Argentina and therefore has a lower inflation rate. The...

Bajo, I'm not here to argue with you about Macri. I accept the premise that he has mismanaged the economy. My disagreement with you is that CFKs policies didn't create a robust economy. 25-30% inflation is horrible. There was a large budget deficit. There was a large current account imbalance...

Bajo, there were capital controls and export taxes at the end of the CFKs term. The economy was not in good shape. There was a budget deficit, foreign deficit, high inflation, and a current account imbalance. The main reason there was some success with these policies previously is because...

I accept your argument and long experience in Argentina, but that doesn't mean that the Ks were particularly good stewards of the country...and when someone like Stan brings up their failings, it doesn't mean it's a "vomit of hate and nonsense". All of what he said could be true, and CFK could...

Bajo why are you so dedicated to defending the Ks? I understand you think Macri and Co. are worse. There is a legitimate debate to be had. But to defend a group of politicians for free?? LMAO...They don't care about anything besides lining their pockets and power. That goes for 99% of them...

The first part, I think Perry is probably the expert here. My thought would be that real estate prices haven't dropped in value as dramatically is because the real estate market is relatively inelastic due to Argentines using it as a safe haven for savings. For future profits of businesses...

That's true. The Ks may be corrupt, but they certainly aren't stupid.

Not suggesting that there will or should be an alternative form of governance. It's just that whoever is in power during a severe economic downturn usually gets most of the blame (unrightfully so), and sometimes the political pressure is such that they step down and are replaced by someone else...

Yes, we can look forward to these gentlemen being cabinet members - https://www.clarin.com/politica/mansiones-yates-flotas-autos-increibles-fortunas-sindicalistas-presos-corrupcion_0_Q87ek10dA.html

At the end of next year things will get very ugly. It will be interesting to see if FF will be able to hang onto power. Not a political statement, just that the coming economic tsunami will be so intense that it may wipe out whoever is in control. No amount of financial tricks will be able to...

This is suppose to make someone want to visit Argentina?

Diego will have found God after an overdose and will be ambassador to the Vatican!

This is the calm before the real storm no matter who takes power. Macri made the mistake of thinking a few cosmetic reforms and some pro business talk would bring in dollars. Initially investors had hope, and then later fled as they saw nothing significant was going to change. Unfortunately he...