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ps I should have underlined perhaps that $450-500 US per month is nowhere near the top of any market: just checked somewhere in Recoleta which looked good: Barrio Recoleta Tamaño 1 DOR - 1 Baño (68 m²) Cant. de Personas 2 Características LOFT - Internet Wi-Fi - Jacuzzi - Balcón - TV LCD -...

Not sure of your point here: you say 'you perhaps stand to lose more than that'? Perhaps. Perhaps not. Given the reluctance of so many people to sell at any loss even in these conditions, evidence suggests that people prefer to hang on to their headaches rather than embrace the headaches of...

------------- Fair point though IMF loan to UK 'worked' for one model (labour-social democrat) for a while, and then the Thatcher conservatives scrapped that model and turned to monetarism, mass unemployment and anti-labour legislation which "worked" to make them the most unpopular government in...

Sage advice here though the interesting point is that rentals (in my experience) show little sign of downward movement as USD$ strengthens against the ARG Peso - rather the reverse - so renters can make a lot of money. My tango friend tells me he pays more than USD$100 a week to rent a place in...

Yes you underline the point I have made Ries: that the is a kind of necessary floor on price falls because housing for residence is not like other goods - you can't simply sell (as you might a car or a small business) unless you have an alternative option of somewhere else to live. My points...

------------------------------ All this makes perfect sense assuming you own the property outright (ie no mortgage or loan), that you can maintain it so it needs little or no repair work, that you would have to take a hefty haircut if you sell now or soon, that you don't need to release...

Reading between your lines, you seem to be saying that prices are slipping down but not dramatically and that vendors are not recognising the reality of the market place, so prices are in fact remaining higher than demand indicates they should? I have always assumed that one feature of a...

Hey guys: it is now almost six months since these very well-informed posts were sent in. Would anyone like to offer an update of what is happening in view of the poor prognosis for growth and credit in Argentina? Have prices slid as much as the realists/pessimists anticipated?

correct 4.6b noy 75b.

Sergio is correct to emphasise the decline in the military: one reliable (neutral) source says: "After a significant period of decline, Argentina has ceased to be a capable military force. The Argentine air force recently retired its Mirage fighters with only a handful of them even flyable. The...

Interesting. There seem to be two distinct issues which need to be clearly distinguished: the suffering of the increasing number of people of Argentina, while an affluent minority live very well, and (secondly) and the capacity of ex pats and others to live even more cheaply when they have...

------------------------------ Much of your (interesting) analysis is focussed on manufacturing though as I suggested this accounts for a diminishing proportion of the economic activity of the country, rather sadly in some respects. The artisan production has not as yet been transformed into a...

I "imply" that any small country must do two things- export value added products, rather than strip mine raw materials, and increase local consumption. The examples of resource rich countries in Africa, the Middle East, and, say, Venezuela, all show that increasing resource exports hollows out...

Hi Ries. We have discussed this before: when you say austerity helps no one, I have suggested before that it is advocated by conservative liberals as a 'corrective' to 'sober up' the labour market - ie cut real wages and increase effort levels while cutting unit labour costs. Of course you (and...

Agree with the sceptics here though to be fair everyone operates on expectations, if only that the sun will rise tomorrow. Within certain bounds the pessimism of expat0tree sounds reasonable if Bearish, but in respect of Argentina everyone seems pretty much agreed that inflation will not fall...

I am in sympathy with much of what R writes here, though I think to call the problems 'structural' is to underplay the significance of what most economists would agree are institutional and cultural (or behavioural-psychological if you prefer): to say austerity never works is an overstatement...

Agree with many of the points that you and Reis are making here and for sure, Argentina will inevitably face some form of austerity programme that will hit working people and poorer groups hard. That is the way capitalism works, though the state can regulate the damage and ensure basic...

That should have been I would NOT have liked to take them on. Not enjoyable.

Agree with you guys esp about being drunk. I have quite often walked back from Tacuari near Constitucion at 2.30am after a milonga finished, never drunk or near it, and walked right up town through San Telmo and into (eventually) Corrientes. Never felt directly threatened though I cross the...