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    Argentina's "anything-but-Libertarian exchange controls..." IMF meets in BsAs

    In a normal country, meat packers would be shoring up domestic consumption by lowering prices to keep their abbatoirs and employees busy. After all, it has to be significantly less expensive to move product to cities in Argentina than to other countries. Again...a somewhat lower profit margin...
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    IMF negotiations stall, reviving debate on floating exchange rate band

    Except the government ran at a surplus last year for the first time in 14 years. Previous "austerity" plans failed to accomplish that.
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    Does anyone else feel there might be a peso collapse this year?

    In a dirty float, a currency is allowed to move, but only in a certain range, determined by the central bank. If it goes above or below that range, the bank buys or sells the currency to bring it back in to the range. Over time, the range is moved. When the currency stays in the middle of the...
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    Trump on Latin America: "We don't need them - they need us"

    Likewise not defending any particular president, it's just a fact - The USD being the world's currency is not an accident. It's the result of 150 years of stable government and a culture that values free markets and trade (on a comparative basis, it's not all that free in practice). 100 years...
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    Inflation Is Falling, But Argentines Are Not Yet Better Off

    Inflation, like interest, compounds. Prices will never go back down. What is needed is for wages to catch up and surpass inflation. In a perfect world, 2% inflation when wages are going up 3%.
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    Argentina's "anything-but-Libertarian exchange controls..." IMF meets in BsAs

    This is exactly the same thinking as companies that won't lower prices a little to increase profits by increasing sales volume.
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    Does anyone else feel there might be a peso collapse this year?

    It's not a matter of hours worked. It's about productivity. And low productivity is not *just* lazy workers. It's also excessive regulation diverting money away, and a lack of investment by government and companies in productivity enhancing systems and equipment. Finally, it matters how much of...
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    Does anyone else feel there might be a peso collapse this year?

    There is a lot of truth to that. Free market capitalism requires a certain mind set. I think Argentina has been so whiplashed by instability they no longer trust any change will be long term, so they just keep doing what they've always done. And consumers don't demand change (at least in...
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    Trump on Latin America: "We don't need them - they need us"

    A manifestly true and obvious statement.
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    Argentina's "anything-but-Libertarian exchange controls..." IMF meets in BsAs

    Here's the operating theory (not saying I agree): the $11billioin is not to spend, but to hold as USD reserves, enabling the Central Bank to defend the peso in what is called a "dirty float", where the ARS is allowed to float, but only in a specific range. When it gets to either end of the...
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    Question re: entry to Buenos Aires with 1 way ticket from US

    There are websites that will sell you an onward ticket for $16. It's an actual ticket with a real PNR if anyone wants to check. You pay $16 download and print your ticket, and they automatically cancel it in 72 hours.
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    Bringing Argentine Wine to the US on a Plane?

    One time, in probably 100 crossings, I had to pay the duty on excess alcohol. Got "caught" with 6 bottles at the Tijuana border. I think it was $5 I had to pay.
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    Argentina Takes Steps to Dollarize and Holds Key Rate

    The discount for cash lets savvy retailers play the forex game by either holding or immediately exchanging dollars, depending on whether they think it's going up or down.
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    INDEC reveals Argentina's 2024 inflation rate: 117.8%

    And yet, in the last couple months about a dozen international corporations have announces $100million plus investments in Argentine projects, and 5 large banks have expressed an interest in facilitating more investment. BTW - LLA pulled about 17% in the PASOs. A distant 3rd place finish. NO...
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    Argentina Takes Steps to Dollarize and Holds Key Rate

    Dollarization is a misnomer for what Milei is trying to do. Dollarization means to replace a countries currency with the US Dollar. This has been done in Panama, Ecuador, El Salvador, etc. It requires huge USD reserves, because the first thing the Central Bank has to do is buy all the existing...
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    INDEC reveals Argentina's 2024 inflation rate: 117.8%

    Argentina is, in essence the only First World country from the 1920's that has never fully recovered from the Great Depression. Back then their economy was equal to the rest of South America, combined. And how, pray tell, did Milei contribute to the inflation in 2023? He took office 3 weeks...
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    INDEC reveals Argentina's 2024 inflation rate: 117.8%

    I'm not sure Milei/Caputo deserve the blame of "destroying the economy". Argentina's economy (once larger than France or Germany) was destroyed by 100 years of lurching back and forth between socialists and right wing dictators, whose only shared vision for Argentina was plundering it.
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    Milei doubles down on Argentina’s unorthodox currency policy

    That article is over a year old. He was hedging his bets then...
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    INDEC reveals Argentina's 2024 inflation rate: 117.8%

    2023 inflation rate was 211.4%.
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    Milei doubles down on Argentina’s unorthodox currency policy

    I'd say more like 5 years.
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