Cristina Licks Inflation: Blue Stuck At 10 For A Year!

[Joe]

The Blue Dollar has been trolling around the 10 area for a year now.

Neoliberals are fond of saying the Blue Dollar reflects the true market value, ergo Neoliberals will have to admit that based on the stagnant Blue Dollar, the Argentine Inflation Beast has been tamed.

Gerald Fold said "Whip Inflation Now", Cristina has done it!

And don't bring up the teacher salary raise - this simply reflects the high value the government places on education.

 

[khairyexpat]

The Blue Dollar has been trolling around the 10 area for a year now.

Neoliberals are fond of saying the Blue Dollar reflects the true market value, ergo Neoliberals will have to admit that based on the stagnant Blue Dollar inflation has been tamed.

Gerald Fold said "Whip Inflation Now", Cristina has done it!

And don't bring up the teacher salary raise - this simply reflects the high value the government places on education.

Are we witnessing the first salvo of the impulsive rally towards the ---13.00--- now? ... Or ... not yet ... false alarm?

BROKE THE ---10.50--- MARK TODAY.

Did I hear --- 13.10 --- today ?
Is it true ?????????????

Not even 3 weeks ?????

Joe ... Are we not going to see ---13.10--- again for a while?

What are you saying?

Do you mean we will never see --13.10-- again ?
OR
We only just have to wait a while longer ?

Please tell us ... what do you see?

 

[cruizes]

Ask my Magic 8 Ball. The answer will be as good as you will get here.

 

[ajoknoblauch]

As recently as last month, I got 12 in Bariloche. In BA, it's still closer to Spinal Tap than it is to Messi.

 

[EricLovesBA]

I wonder how much the rate would be affected by the recent policy allowing the 1% to buy dollars at the official rate? Could this have suppressed demand for blue dollars or even allowed some cheaper ones to flow into the blue market?

There could be a decent arbitrage opportunity there right? Buy at the official rate, sell at the blue, then go invest in a real asset.

 

[ElQueso]

Not sure where you get the dollar has been around 10 for a year:

http://dolarblue.net/historico/

Aside from some panic almost a year ago and a fall-back, the dollar has been on a steady average rise since it split from the official rate more than three years ago. Seems to me to be a pretty good indication of inflation and falling economy.

The source above does end in January about when the huge 13 spike was hit - but look back in May/July of last year. A spike there too.

The only reason the dollar's not higher now is because of the glut of dollars the government forced on the markets from the banks. It'll go up.

And I don't consider 10.70 (the more normal price here in the city for exchanges) to be "around 10" no more than 9.20 or something would be around 10.

It's going up, just has to recover from the recent glut of dollars. With the new teacher union agreement and other union agreements to follow, tell me inflation won't bring it up...unless one doesn't believe in a free market at all?

 

[Gringoboy]

Whoever made that graph has a sense of humour.
They've got the colours the wrong way round.

 

[PhilinBSAS]

Not sure where you get the dollar has been around 10 for a year:

http://dolarblue.net/historico



I'm not sure where Jo gets his trolling for about 10 for year either

I seem to recall last May he started a post "when will the Peso Hit 10?"

http://baexpats.org/topic/25995-when-will-the-peso-hit-10/

It didnt until ?August?

See also thread started today ... "Why do people bother to post stuff up on here"

Very good material for the new science of psycho-economics

 

[ElQueso]

Whoever made that graph has a sense of humour.
They've got the colours the wrong way round.

?

[edit]

Haha, sorry, I didn't catch your meaning at first.

BTW - I've found that you can take the average of buy and sell on that site and most accurately paints what you can get if you go to the arbolitos on Florida (NOT the touts in the street!) if you haggle just a little with a decent quantity of dollars (minimum $500).

 

[Rich One]

Wait for Easter....! goes over 12 pesos again.