Argentine Gov't Concerned About U.s./u.k. Debt Levels

[EdRooney]

Capitanich expresses concern over US/UK debt and rapid monetary expansion via QE.

So the mask is off the neoliberal K regime, as they show themselves to be actually pro-austerity and interventionist! Let's pray they don't feel the need to intervene militarily to put Washington's economic disaster in order.

 

[ajoknoblauch]

Capitanich expresses concern over US/UK debt and rapid monetary expansion via QE.

So the mask is off the neoliberal K regime, as they show themselves to be actuallypro-austerity and interventionist! Let's pray they don't feel the need to intervene militarily to put Washington's economic disaster in order.

The main difference is that the US and (to a lesser degree) the UK have the fundamentals to back up their debt and monetary expansion.

 

[Dublin2BuenosAires]

Revenge concern, first the US was concerned, now the Argentine govt is concerned. Diplomacy at it's finest and most sophisticated.

I can imagine Capitanich nudging his pals and winking before launching his withering tirade.

Playground stuff, neither side have any interest in constructive engagement. Cameron will have by now gleefully called Barry in the Whitehouse for a good old fashioned bitching session.

 

[EdRooney]

The main difference is that the US and (to a lesser degree) the UK have the fundamentals to back up their debt and monetary expansion.

This is kind of unclear Knoblauch. Could you be more specific as to which fundamentals you're looking at?

 

[internationalguy]

Well, the debt as % of GDP is A LOT higher in the UK and in the US. That is a fact, that being said, it's ridiculous to make that statement when you are unable to use your own plane (CFK's air force one) to go anywhere decent because they might not let you take it back until you pay up. Argentina is also unable to borrow but it may have to do, at least partly, because they refuse to do what the establishment wants, which is not necessarily a bad thing by itself, but the way she's doing it she's going to make sure something crashes soon in Argentina.

 

[ajoknoblauch]

This is kind of unclear Knoblauch. Could you be more specific as to which fundamentals you're looking at?

How about the world's largest, most innovative single economy?

 

[EdRooney]

How about the world's largest, most innovative single economy?

OK so you mean scale, not fundamentals. In that sense I absolutely agree. It's stupid for Capitanich to compare apples to oranges.

 

[ajoknoblauch]

OK so you mean scale, not fundamentals. In that sense I absolutely agree. It's stupid for Capitanich to compare apples to oranges.

There is a reason for the scale. The US has a diverse economy that's driven by innovation, even though that innovation has drawbacks as well as advantages. Argentina, on the other hand, is an economically stagnant country unwilling to accept that there are limits to what worked briefly after the 2002 meltdown.

 

[EdRooney]

There is a reason for the scale. The US has a diverse economy that's driven by innovation, even though that innovation has drawbacks as well as advantages. Argentina, on the other hand, is an economically stagnant country unwilling to accept that there are limits to what worked briefly after the 2002 meltdown.

Dude, making such a sweeping over-simplification like that could put you into line for a cabinet job here.

The scale of the US economy has dwarfed Argentina's since at least the 1840s and no government is going to change that in a decade or two. If you want to talk about which direction the countries are going in maybe we can have an intelligent debate, but asking why Chaco is not suddenly Connecticut is just braindead: a conversation for rank partizans like Capitanich.

 

[ghost]

Dude, making such a sweeping over-simplification like that could put you into line for a cabinet job here.

The scale of the US economy has dwarfed Argentina's since at least the 1840s and no government is going to change that in a decade or two. If you want to talk about which direction the countries are going in maybe we can have an intelligent debate, but asking why Chaco is not suddenly Connecticut is just braindead: a conversation for rank partizans like Capitanich.

Debate implies that you have thorough and complete understanding.