What do you need to see for you to believe that we are in crisis ? Just because in the wealthy areas of Buenos Aires people are eating in restaurants and having coffees does not mean that all is hunky dory . If you go to Athens Greece and you stay in a wealthy area it will seem very nice as well but most of Greece has suffered terribly from a very long crisis that has been imposed by the IMF and has send peoples living levels to the ground .If it is so, then variations of business closure rates is not an indicative measure of crisis.
Slow crashes are the worst form of económic misery . When you extinguish hope in the population nothing can grow. In 2001 the crash was brutal but very short by 2003 people were investing in Buenos Aires and business while on the upside people could sustain themselves due to the low costs of maintaining a business . Nowadays any business in Palermo Soho needs close to 5000 dollars a month just to stay open . In 2003 costs were at least 70 percent less in dollars . In Palermo Hollywood and Las Canitas everything Is closing down on Báez and Fitzroy. There Is very little consumption . I remember visiting Las Canitas in 2004 and it was buzzing with multitud of people eating and drinking to the early hours of the morning. Nowadays its deserted AND this is a wealthy neighbourhood. In the south of Argentina the situation Is even worse with some towns in Patagonia with 30 percent unemployment. Tourism has dropped at least 50 percent the last years in Patagonia and there are very few business owners that can sustain such a protacted crash. The situation that Argentina Is living today Is called stagflation the most deadly combination as prices in us dollars increase more than peoples earning potential destroying the middle classes hope to save and plan for their future and their childrens future.Are you Argentinian? In actual fact most business to the street did not close in 2001 because the costs to run them were dirt cheap in dollars after the crash and there was less inflation than now . Is this hard to understand? Yes many people lost their jobs but by 2003 the economy was booming . Do you believe that the current crisis will last only 1 year ? Already one year has nearly passed and we have not reached rock bottom . How long this crisis will last noone has a real answer .
Somewhere there is a big disconnect.
I don´t see any of this doom and gloom talk.
Jumbo Palermo during the weekend I saw people dragging 2 and 3 carts each.
Like there is no tomorrow.
No less than 30k or 50k pesos worth merchandise each cart.
What am I missing?
OP (original poster) posts a "shocking" article about businesses closing in Buenos Aires.
Lunar replies to the original post making an argument that the unemployment rate increase across Argentina is statistically insignificant.
OP replies, correctly pointing out that Buenos Aires is 35% of the population.
Lunar replies, redoing the calculation, saying it's still statistically insignificant. 0.17% change versus 9% overall unemployment.
OP says unemployment is actually more like 15%. Lunar says ok that means the 0.17% is even more insignificant than before.
OP throws out a straw man argument, "So Argentina is going fantastic and everyone is living in luxury ?", which Lunar never claimed.
OP and another poster move on to an ad hominem argument. "Are you Argentinian?" "Where are you from?" "... you need to build some street cred on this site ..."
I didn't see Lunar claim that the economy here isn't fscked. I think his/her point was that the article is clickbait.
Seriously, tell me how do people buy cheese at $1800 pesos/kg in a depressed economy?
Please don´t shout out loud, @TheDonald might hear you.Does this mean I am a kirchnerista absolutely not but what we have today savage capitalism is just as bad as radical communism . Both sides are evil . Why not have a socialist capitalist system like Norway . Finland. Canada , or Australia or similar countries to Argentina due to natural resources ( except Finland )
Of course their are rich people and they shop in Jumbo Palermo . Ironically though last Sunday a close friend of mine who has been here 15 years stated like me how few people were in line to check out . There were actually cashiers empty on a Sunday afternoon 6pm peak Time.