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    Diego Maradona and Dubai

    Hahaha. So true! A few years back I listened to a TV program where he was talking about himself in third person. For a moment I thought my Spanish was getting rusty and I have forgotten the basic verb rules. It must be hard for his ego... from being the best player to become one of the worst...
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    Just arrived in Buenos Aires...

    French here, wife as well. Bienvenue et joyeux 14 juliet !
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    Argentine Debt-to-GDP

    I am using FAO classification, not mine. Other international organization use it as well. Do not ask me why. Anyway, now we know it was only a problem of semantics.
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    More USD restrictions

    It is hard to say cause rules change every day here. I remember back in December when I bought a house here, the escribano told me that if I sold the house, I could not take the US dollars out of the country for the next two years because the Banco Central has a "normativa" about short term...
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    Argentine Debt-to-GDP

    54Kg/365days = 147 grams per day. I am too lazy to look in the FAO website to see if that amount is based on live animals (and therefore include bones) or is net meat. In any case, what should worry us is the consequences of developing countries catching up with the level of consumption of OECD...
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    Argentine Debt-to-GDP

    you have lived in Argentina for too long and call carne only to beef :). look to the tittle in your second chart: it is beef and veal while in my statement it was meat (like in chart 1). meat includes beef, veal, poultry and specially in the case of China, pork and the list goes on. they eat...
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    Argentine Debt-to-GDP

    Just to add to this... I found this graph. It is very impressive, despite the continuous devaluation of the peso, Argentine inflation is so high that the real exchange rate is almost at the same level than the mega default.
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    Argentine Debt-to-GDP

    Yeah, the "Kirchnner miracle" was half recover of the 30% GDP points lost in two years and the idle installed capacity. To really estimate average growth rate you need to estimate between two peaks (two consecutive maximum in the GDP series) and not between the bottom and a peak cause the...
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    Argentine Debt-to-GDP

    Sales or demand? They are only equal in equilibrium. Prices are skyrocketing because of poor harvest (the drought you mentioned). Sales are going down cause there is not enough soybean to be sold. I think there is room for further demand increase in the future from emerging markets (ie: China)...
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    Argentine Debt-to-GDP

    i agree with you in everything you said, except one thing... this week soybean beat all historical records reaching $612 in Chicago. demand is not dropping anytime soon. during the last forty years,, per capita meat consumption has increased dramatically in a number of emerging markets. For...
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    Argentine Debt-to-GDP

    Argentina is losing competitiveness because of the strong real appreciation of the peso in the last few years. So you either: reduce inflation drastically, devaluate the peso, or you increase your productivity a lot. None of the three are easy, specially when you have incompetent people in the...
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    Argentine Debt-to-GDP

    Add a few zeros... Argentina defaulted on billons!!! When a country defaults on its debt, the IMF automatically remove the amount from "outstanding debt" and put it in a special account called "debt in arrears". I have no idea if this calculation of the debt ratio includes the debt on default...
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    Argentine Debt-to-GDP

    Thanks for sharing this. The graph is correct (I think) The problem if there is a large crisis, the number jumps quickly because: 1) If there is a large devaluation, most of the debt is in foreign currency and most of the GDP is non tradable so it is in pesos. The devaluation would increase the...
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    Complete novice to B.A - need advice and knowledge please! :)

    Some ATMs in Uruguay provide US dollars but of course there is the transaction cost of going to Uruguay every time you need them (minimum you need the boat ticket to go there). There are daily maximum so if you need to withdraw more you need to stay and there you start adding hotels and so on...
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    Brazil to rescue Argentina

    I did not get offended. I am actually relief as it would have been really stupid to make some calls in your regards when you proved to be mentally unstable. I though you were British and I am sorry if I was wrong. I do not even know perfectly my mother tongue, that is one of the drawbacks of...
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    Brazil to rescue Argentina

    My English may not be British perfect, but it is clear enough to be understood and I do understand what you say and imply. I do write quickly in forums, specially when I have to chit chat with people like you. You cannot find a job cause you do not speak a word of Spanish and you are making fun...
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    Brazil to rescue Argentina

    Yes, I am a professor and a development economist... I do try to help people on daily basis. The same way that I took the time from my work and family to write you a long PM offering you information on all the relevant economic think tanks in Buenos Aires because you said you were looking for a...
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    Brazil to rescue Argentina

    Get some help. It is never too late.
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    Brazil to rescue Argentina

    Do your read your own posts? Came across as condescending? For you!!! You accused me of not giving proof and giving authority statements when I made clear in the post (you overlooked) that my opinion were conjectures that could be wrong and not the universal truth. So your reaction was out of...
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    Brazil to rescue Argentina

    The one blindly following one rumor after another was Collin Powell, a Secretary of State, hardly a master of none...
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