Argentina’s Economy Unexpectedly Shrank Amid Austerity Push

[retiredbanker]

Cherrypicking, exaggeration. We all do it.

According to data published at the time, inflation in 2014 was 15% and in 2015 it was 22%
These were the last two years of Cristina's presidency.

Also, if you look here, the only time it's been over 200% was after Milei took over

Sorry, Red but cherry picking is a most appropriate term for your reply. Inflation just doesn't happen without a cause and years of printing pesos caused the mess. Not Milei.

 

[sergio]

Cherrypicking, exaggeration. We all do it.

According to data published at the time, inflation in 2014 was 15% and in 2015 it was 22%
These were the last two years of Cristina's presidency.

Also, if you look here, the only time it's been over 200% was after Milei took over

It accelerated under Fernandez.

 

[Rich One]

Actually, Bajo-cero I agree more with Stan Tucker's post than yours although, with the exception of your last sentence, you are spot on. And yes, everything in finance these days is "unexpected".

Well the game ain't over yet, Dollar inflation by October 2025 will be an all time record. By then we will be discussing where is the lowest priced Minced meat...! (Carne picada)

 

[LuckyLuke]

Oh, how I pine for those days when the kirchneristas were printing money hand over fist and we had over 200 inflation. May they return; that was so sustainable.

Optics. They can both be two sides of the same coin. If runaway deficits are being spent on utility subsidies, social programs, and price fixing canasta basica goods did your purchasing power increase, decrease or stay the same?

Now, let's slow down all those deficits, let's remove all the subsidies, cancel the social programs and float the price of canasta basica goods, did your purchasing power increase, decrease or stay the same?

Both previous and current administrations are overseeing an increase in the poverty rate and an erosion of purchasing power. I do think Milei's economy stands a better long term sustainability than Fernandez did, but it remains to be seen if popular support will tolerate the transitional timeline. In my opinion, Milei would do well to invest more in softening the blow from the removal of safety net programs, instead of screaming about how fucking awesome his "chainsaw" is so he can buy some cool jets and submarines.

 

[Redpossum]

Optics. They can both be two sides of the same coin. If runaway deficits are being spent on utility subsidies, social programs, and price fixing canasta basica goods did your purchasing power increase, decrease or stay the same?

Now, let's slow down all those deficits, let's remove all the subsidies, cancel the social programs and float the price of canasta basica goods, did your purchasing power increase, decrease or stay the same?

Both previous and current administrations are overseeing an increase in the poverty rate and an erosion of purchasing power. I do think Milei's economy stands a better long term sustainability than Fernandez did, but it remains to be seen if popular support will tolerate the transitional timeline. In my opinion, Milei would do well to invest more in softening the blow from the removal of safety net programs, instead of screaming about how fucking awesome his "chainsaw" is so he can buy some cool jets and submarines.

I hear what you're saying, and you make some good points.

But I will say it again. I'm not impressed with economic theory, or numbers on a spreadsheet. What matters to me is, can people feed their families adequately. I don't give a damn about fancy discussions at some university or think tank. It is the experience at the checkout that I care about. Can we pay the rent, pay the gas & light bills, feed the family, and get back and forth to work. Is there medical care available when we or our kids get sick.

The rest is pie in the sky, and the numbers are all falsified anyhow.

 

[on the brink]

Dos Escudos has always been expensive. Is this the one in Recoleta?

In Las Cañitas. Average price for the neighborhood, but better quality.

 

[Mondongo]

Milei's Shrinking Christmas table ... "Pan Dulce" selling by the slice. Deme "una feta de Pan

Only someone without basic knowledge of Argentine history can describe Milei's economic failure as unexpected. This already happened with Martinez de Hoz and Cavallo, which led to the social upheaval of 2001, the corralito and the default. Milei has managed to have the highest inflation in dollars in Argentine hiThose who read Spanish would benefit from reading "Por qué somos así? Catálogo de zonceras del sentido común colonizado ERICO VALADARES, LA BATALLA CULTURAL 2016 ISBN 9789873399008"

Only someone without basic knowledge of Argentine history can describe Milei's economic failure as unexpected. This already happened with Martinez de Hoz and Cavallo, which led to the social upheaval of 2001, the corralito and the default. Milei has managed to have the highest inflation in dollars in Argentine history.

​

Those who read Spanish would benefit from reading "Por qué somos así? Catálogo de zonceras del sentido común colonizado ERICO VALADARES, LA BATALLA CULTURAL 2016 ISBN 9789873399008"

 

[Bajo_cero2]

Those who read Spanish would benefit from reading "Por qué somos así? Catálogo de zonceras del sentido común colonizado ERICO VALADARES, LA BATALLA CULTURAL 2016 ISBN 9789873399008"

Really? You are saying we do not have inflation in USD?

 

[Bajo_cero2]

Oh, how I pine for those days when the kirchneristas were printing money hand over fist and we had over 200 inflation. May they return; that was so sustainable.

FYI inflation was less than 50% in those days in pesos while there was not inflation in USD.
Today Miley prints pesos with inflation in USD. Let´s see, the gas was 254 pesos and now is 1374 while the dolar blue is the same. This means over 400% inflation. This increase in the fuel makes all the prices to go up.

 

[Rich One]

Price?

Tienda de Empanadas on Ecuador st. $900 pesos, each empanada, as of Nov. 15 , 2024.