Recent content by Reneige

It's a difficult question indeed. I cannot claim to know much about the market in Argentina for real estate. I heard that BA home prices have fallen a lot in the last few years, is that true? One consideration I would make is that if the current or next government is keen to fight inflation...

It is the rate of interest the central bank charges commercial banks to deposit their money at the central bank. When the rate is low, commercial banks do not have much incentive to park their money away at the central bank, so they lend it out to businesses and consumers and the supply of money...

Here's some ugly news I haven't seen in Lanacion or Clarin, but it could be my fairly introductory Spanish: http://www.bloomberg.com/news/2014-02-21/argentina-posts-smallest-trade-surplus-since-2001-as-grains-fall.html It looks like we will be in for an ugly update on the foreign reserves...

I agree. I have never lived in a country where pharmaceutical advertising is legal, and I think it is absurd. And the way drugs are dispensed in the US is probably symptomatic of that culture. My sister is a Pharmacist and will be the first to criticise many problems with the pharmaceutical...

How does Venezuela qualify as a democracy when the opposition was first banned from running in elections and then jailed? The Inter-American Court of Human Rights duly ruled that this action was illegal. http://es.wikipedia.org/wiki/Leopoldo_L%C3%B3pez. Or was that all US conspiracy? Oh wait...

Before you know it we will all be working on centrally coordinated co-operative farms...

Pharmaceutical margins are extremely high because they need to spend billions in research and development before they can actually create a working drug that has been safely tested on humans. The actual cost of manufacturing a drug is negligible, but the final product is necessarily costly in...

You're getting ripped off. I pay for everything in Pesos and use Azimo.com (european) to get the good rate for exchanges. You can take excellent courses at the university of buenos aires and pay in pesos cash. They have courses for foreigners, the first semester is 4200 pesos, any semester after...

On the topic of the government's motivations for honestly reporting the inflation rate, I believe it is all within the policy shift towards an attempting to mend ties with investors. This government had originally rejected payments to the "Paris Club" of investors/speculators, as well as to...

Thank you for your admission of willful ignorance. Since the article was quoting Axel Kicillof, I could only assume that you either had not read the article, or were attacking the publication itself. Here is the first paragraph from the article to help you out a little: Argentina’s economy...

One of the "foreign newspapers nobody knows" is the Financial Times, which is the world's preeminent English Language daily newspaper reporting on finance and economics. It wildly surpasses the credibility of Miguel Bein, who appears to be little more than Cristina Fernandez' butt buddy. I...

Yes, I recognise that. There are some regional breakdowns but frankly I didn't bother going through the reports to see if the the exact figure is there. My point is that grocering is an incredibly competitive and low margin business, blaming them for price speculation is ridiculous. Furthermore...

Cristina's theatrical display on television television today, attacking grocery stores, was really pandering to the most ignorant people in society (aka her voter base). Any idiot knows that the grocers profits are public information. Dia : 2.3% net profit http://www.diacorpor...013-results.pdf...

Thanks Amigo, I have only been learning Spanish for a month and I read a bit of the local press but still struggle with some of it. It's pretty ugly that the government is forcing a currency mismatch between the bank's assets and liabilities. Although, as I said in my previous post, I am no...

I hate to say this but I think an unofficial corralito could be underway via the new dollar purchase scheme. I hope I'm wrong. Either way, I wouldn't dare keep my dollars in an Argentinian bank, regardless of the 35% tax. Commercial banks deposit their dollar holdings in the central bank, those...