Do you fear a crash similar to 2001?

[Fdipo]

Friend was a director of a state school in the Province of BA. He speaks perfect English. One day he went into a classroom where a teacher was conducting an English class. He saw grammatical mistakes on the blackboard. The teacher could barely speak English. The director informed the teacher that she was to report to him the next morning and that they would have a meeting IN ENGLISH to discuss matters. The next day the teacher requested a transfer - didn't show for the meeting. Director told me that teacher standards have dropped seriously; also he says that there are loads of social problems in the schools. Broken families, alcoholism, drugs etc.

You realise this is the state of language education practically the world over, right?

 

[sergio]

You realise this is the state of language education practically the world over, right?

I think language instruction is much better in the more developed European countries. English is now widely spoken across northern Europe, especially by the young.

 

[Fdipo]

I think language instruction is much better in the more developed European countries. English is now widely spoken across northern Europe, especially by the young.

There's only a few countries in Europe where this is actually the case. Language instruction is terrible, even in most developed countries.

 

[Ries]

I gotta say that Macri seems dead set on crashing straight into something- the two worst things he can do, he is doing- Austerity, which has failed everywhere its been tried, and taxing exports. I can see taxing soya, oil, and other commodity exports, but he should be encouraging manufacturing exports, which bring in foreign exchange, and create jobs and prosperity.
The Argentine textile, footwear, and fashion industries, as well as ag equipment, industrial electrical equipment, and tools, all could be bringing in cash in dollars, if they were promoted. Instead, we may see a replay of the thousands of factories that closed after the corralito.

 

[sergio]

There's only a few countries in Europe where this is actually the case. Language instruction is terrible, even in most developed countries.

Germany, all of Scandinavia, the Netherlands certainly have superior education in all respects but I find English much more widely spoken nowadays just about everywhere in Europe, especially among the young. In Argentina the state school system has greatly deteriorated over the years.

 

[Bajo_cero2]

I gotta say that Macri seems dead set on crashing straight into something- the two worst things he can do, he is doing- Austerity, which has failed everywhere its been tried, and taxing exports. I can see taxing soya, oil, and other commodity exports, but he should be encouraging manufacturing exports, which bring in foreign exchange, and create jobs and prosperity.
The Argentine textile, footwear, and fashion industries, as well as ag equipment, industrial electrical equipment, and tools, all could be bringing in cash in dollars, if they were promoted. Instead, we may see a replay of the thousands of factories that closed after the corralito.

You still do not understand him. He is a criminal, so he only cares about to get more and more loans in usd to be able to flight all the money he can, most of it illegal money. He doesn’t give a s....t about the properity of the country.

 

[another]

I don't think anyone said there shouldn't be workers rights or unions.

The problem is that an Argentine union is not the same as a German or Swedish union.

The work ethic is not the same. The people are not the same. The level of honesty is not the same.

Argentina having a system similar to Canada or Norway on paper is not enough. The reason why "social democracy" is not working here has little to do with the mechanics or theory behind the system.

That's the point others were trying to make:

It doesn't actually matter what system is in place.

Whether you implement socialism, communism, "social democracy," or the "US' good ol' 'die because you can't afford healthcare, 20% poverty rates' system"... the end result is almost always the same in Argentina.

Also, there are many forum members commenting here who are not from the US. Your post comes off as bitter.

You are bang on.
And Canada should be removed from this list, I've lived and worked there for 25 years and I can assure Fdipo that it DOES NOT work there. I am also not convinced that the claim is accurate for the rest of the countries that are on the list - unless Sir Fdipo you have a long term first hand experience of residing in every country you claim this for. Hearsay doesn't do in a any somewhat reasonably realistic discussion.

 

[perry]

They cannot calm the markets and the peso has hit 40 again. Argentinian stocks are being hammered in New York

https://www.df.cl/noticias/internac...banco-central-a-volver/2018-09-04/121511.html

 

[brandon]

It seems the market settled down as no new news came out after yesterday.
Was a great morning to catch the short if you were in on Friday. SUPV was down 13% quickly but closed down 6%, so there was actually 7% upside if you timed it right.
After the peso fell to an even 40.0, it held there.
If you think it will keep going down, go short and make some money.

 

[Pensador]

What chances or odds do you give this as heading into default?