Do you fear a crash similar to 2001?

[perry]

Oh no you don't, I fully acknowledge the previous governments corruption and errors. It's you Macrista's that refuse to take responsibility for your incompetence. CFK is a thing of the past, but you Macrista's continue to try to distort, lie, and confuse, and not take responsibility for anything. It's time to move on from the previous administration. Macri is in charge now, and he should take some responsibility for his actions.

Again you have batted away my questions, but I got you now.

Macri came into government with a relative clean slate as Argentinas foreign debt was manageable . But what does he do he creates a casino economy where speculation is the main business model . Instead of investing in business the rich and wealthy invested in bonds and other speculative devices created by the current goverment with interest rates that are the highest in the world ( paid by the taxpayer ) . Macri has done nothing to help business and create employment the mainstay of a healthy economy . With all the money he recieved in loans he could have easily created business incentives . created business loans with affordable interest rates and the economy would be humming .
Instead most business are in ruins due to outrageous costs that have been imposed on them in the last years , very high inflation ( much higher than under the peronists ) and a currency that has devalued over 50% just in 2018 . The working class have no money to spend now they are struggling just to survive . Soon their currency will be worthless as the debt has no chance in hell to be paid off over 250 billion dollars !!!!!!! How does a country the size of Argentinas that cannot print us dollars service this debt ? They will kick the can down the road a bit longer until the reserves are nil and then argentina will default and the currency will be worthless again as in 2001 . Smart people are leaving Argentina in droves as the window of opportunity is diminishing . How long do we have I do not believe very long .

 

[lilin]

like a famous economist once said, I am proud to have predicted four of the last two recessions. Argentina's 2001 crisis was a liquidity crisis. Citizens lost access to their dollar accounts. As Argentine savings are made up mostly in dollar-denominated "ladrillo", "brick", or real estate, their were forced to fire sale their properties in order to ger dollar liquidity. Those smart enough to keep a close eye invested in real estate then. It turned out to be a pretty darn good dollar denominated investment.

 

[wrangler]

like a famous economist once said, I am proud to have predicted four of the last two recessions. Argentina's 2001 crisis was a liquidity crisis. Citizens lost access to their dollar accounts. As Argentine savings are made up mostly in dollar-denominated "ladrillo", "brick", or real estate, their were forced to fire sale their properties in order to ger dollar liquidity. Those smart enough to keep a close eye invested in real estate then. It turned out to be a pretty darn good dollar denominated investment.

Please make the connection between your above statement and the Macri Organization, please.

 

[perry]

like a famous economist once said, I am proud to have predicted four of the last two recessions. Argentina's 2001 crisis was a liquidity crisis. Citizens lost access to their dollar accounts. As Argentine savings are made up mostly in dollar-denominated "ladrillo", "brick", or real estate, their were forced to fire sale their properties in order to ger dollar liquidity. Those smart enough to keep a close eye invested in real estate then. It turned out to be a pretty darn good dollar denominated investment.[/QUOTE

 

[perry]

like a famous economist once said, I am proud to have predicted four of the last two recessions. Argentina's 2001 crisis was a liquidity crisis. Citizens lost access to their dollar accounts. As Argentine savings are made up mostly in dollar-denominated "ladrillo", "brick", or real estate, their were forced to fire sale their properties in order to ger dollar liquidity. Those smart enough to keep a close eye invested in real estate then. It turned out to be a pretty darn good dollar denominated investment.

Good investments can go downhill fast if you do not sell at the right time . The peak of property prices has passed since January 2018 when they were fueled by cheap credit and a very strong peso . Now the scenario has changed as credit applications have collapsed with 50% less demand due to the devalued peso and higher interest rates . Real estate markets are espectulative by nature and can completely go downhill as proven by the 2001 crash and the financial crisis of 2008 in the USA . Yes both markets recovered within a few years but in Argentina the next crash will not be so benovelent as the last one and it will be a protacted one on the lines of Greece or Venezuela now 8 years in economic collapse . I have a friend in Caracas Venezuela a very wealthy man whose property 7 years ago was valued at 2 million dollars then now he is lucky if he could get 100 thousand dollars a 90% devaluation in hard currency . Is it the time to buy there I have my doubts as it has not reached rock bottom yet and will still get worse unfortunately for the courageous venezuelan people

 

[wineguy999]

Again you have batted away my questions, but I got you now.

So, you're going to take away my birthday? Come to my house and beat me up? No, really, I'm trembling.

 

[wrangler]

So, you're going to take away my birthday? Come to my house and beat me up? No, really, I'm trembling.

No, I am not going to do anything like that. I am just trying to make sense out of The Macri Organization and its supporters.

 

[toongeorges]

For starters, why make false campaign promises?

Because people like to be fooled with. Every politician lies and people complain about it, but if a politician would be honest, people would even complain more.

I am organising milongas and it is not always easy, sometimes not a lot of people show up. I do not care, I continue even if it costs me money and I like to film a tanda and put it on YouTube to show people how our milonga is. I get negative remarks from people if I put a video online from when there are not a lot of people, it is bad promotion they say, I should only show videos that show our successes. My response is that I do not agree, that I want to show our milonga how it is, that I do not want to create false expectations so people are not disappointed. It is not easy though, because even if you explain, people do not like to see difficulties, they only want to hear success stories, even if they are not true.

 

[pizzadreams]

You're a typical Macrista, You don't want' to take responsibility for any of the administrations' blunders and lies. What about all of Macri's projections that have missed the Mark???? Let me guess. You are going to say it's not his fault right??? Macri is your savior. AM I correct? What about all of the predictions and promises Macri made??? We should forget about them right???? These are questions Macrista refuse to answer or acknowledge. Instead, they bat this question away with accusations of CFK which has nothing to do with the questions anyhow.

I´m extremely critical of Macri, but not for the same contradictory reasons you are. What you gotta ask yourself is just how bad the previous administration had to be for people to vote for Macri and continue to support him in spite of mediocre economic performance for the past two years.

It boggles my mind how someone can be critical of Macri for -according to them- ruining the Argentine economy, and causing rising unemployment and poverty, yet vote for the SAME PEOPLE that are responsible for DECADES of mismanagement and the situation Argentina is in.

I was gonna argue more about this, but honestly, whoever votes for a party that has done endless political, social and economic damage to Argentina for so long deserves no reply. I´m done here

 

[Ceviche]

Everybody, stay calm please.