Rich One
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As a consquence of the Vaca Muerta shale oil and gas boom around 2021, a surplus of dollars would make the peso Appraise and go way down from the 6,32 level perhaps 2 peso dollar?
Then a Big Mac would be worth something like $25 USD , the New Emirates, incoming Tourism would be nonexistent. Even soy beans not competitive.
http://www.clarin.co...1039096252.html
And one day dollar surplus , and it will be bad
[font=Helvetica Neue']President of Banco Santander Río , Enrique Cristofani estimated that in the medium term oil investment will total U.S. $ 200,000 million. Yes, of course , almost 7 times the reserves of the Centra Bankl . Oil experts made a similar bill on the grounds that there are about 50 contracts already signed on Vaca Muerta , and each will require investments of 4,000 million dollars in the next decade.[/font]
If everything goes the way they see economists and bankers, will first arrive dollars of investments. And then they begin to enter the dollar export of these resources. And there, says Arriazu , the country may face the " Dutch disease " excess dollars make assets overvalued in the country , the cost of labor is exhorbitant , competitiveness is lost. The country could have problems in exporting . Having much money, but would be concentrated on what he calls the " Emirate of Neuquén ." those who engaged in oil. Even starting to miss these times , when dollars were scarce. Weird Stuff that may come to pass.
Then a Big Mac would be worth something like $25 USD , the New Emirates, incoming Tourism would be nonexistent. Even soy beans not competitive.
http://www.clarin.co...1039096252.html
And one day dollar surplus , and it will be bad
[font=Helvetica Neue']President of Banco Santander Río , Enrique Cristofani estimated that in the medium term oil investment will total U.S. $ 200,000 million. Yes, of course , almost 7 times the reserves of the Centra Bankl . Oil experts made a similar bill on the grounds that there are about 50 contracts already signed on Vaca Muerta , and each will require investments of 4,000 million dollars in the next decade.[/font]
If everything goes the way they see economists and bankers, will first arrive dollars of investments. And then they begin to enter the dollar export of these resources. And there, says Arriazu , the country may face the " Dutch disease " excess dollars make assets overvalued in the country , the cost of labor is exhorbitant , competitiveness is lost. The country could have problems in exporting . Having much money, but would be concentrated on what he calls the " Emirate of Neuquén ." those who engaged in oil. Even starting to miss these times , when dollars were scarce. Weird Stuff that may come to pass.
