Election In A Nutshell

[Rich One]

She makes a good observation in that article. With Kirchnerites attacking Macri for supposédly wanting to implement Neoliberal policies of the 1990's, how is today's official dollar tied to 10 pesos so different from the pegged dollar 20 years ago?

Some of the campaign promises are just full of hot air and tied with a shoe string, just a bunch of blue sky wishful thinking....! See below. Removing the Cepo in one day ... see below

 

[sesamosinsal]

She makes a good observation in that article. With Kirchnerites attacking Macri for supposédly wanting to implement Neoliberal policies of the 1990's, how is today's official dollar tied to 10 pesos so different from the pegged dollar 20 years ago?

The comparison isn't valid. The Kirchners have devalued the USDARS by approximately 172 percent since May 2003. From 1992 until December 2001, there was essentially 0% devaluation (technically there were very minor fluctuations of a cent or less).

With that said, it is very, very obvious that they are keeping the USDARS extremely low (especially given the devaluation we've seen in Brazil) for political gain.

 

[rrptownley]

The peso was pegged to dollar in the 90's to stop it losing value. Today it is pegged at 9.5 pesos to the dollar to stop it devaluing to the blue or beyond — seems quite similar to me.

 

[sesamosinsal]

The peso was pegged to dollar in the 90's to stop it losing value. Today it is pegged at 9.5 pesos to the dollar to stop it devaluing to the blue or beyond — seems quite similar to me.

There is no peg. It's devalued 14 percent in the past 52 weeks. In the past three months, it's devalued 5 percent. It hit 9.50 about 15 days ago.

Unfortunately, given the competitive devaluations we're seeing around the world, that 14 percent isn't enough.

 

[rrptownley]

It is an artificial rate — it is pegged. They adjust the peg to keep up appearances.

Left alone the peso would be at 18-20 to the dollar, as it is at the borders.

 

[sesamosinsal]

It is an artificial rate — it is pegged. They adjust the peg to keep up appearances.

Left alone the peso would be at 18-20 to the dollar, as it is at the borders.

A strict peg doesn't change from day to day. In Argentina, we have a managed exchange rate.

At any rate, to compare Menem's monetary policy to Kirchner era monetary policies is misguided. There was barely any inflation in the Menem years, and there was a true fixed exchange rate.

The Kirchners devalued much more than 2001/2, but they've done so gradually. The problem they face now is that they're not devaluing enough (given the international context).

 

[RodalfoWalsh]

As I've said before. I don't get all this Macri=Menem (direct quote from Matias btw) stuff. It's not backed up by his record here in the city. If we're going of records it's actually Scioli=Menem

 

[TWB103]

If you are not a k you are a clearly a menemist. Obviously.

 

[sesamosinsal]

As I've said before. I don't get all this Macri=Menem (direct quote from Matias btw) stuff. It's not backed up by his record here in the city. If we're going of records it's actually Scioli=Menem

They both are similar to Menem in terms of the policies they support. They are both moderates. The fact that CFK had to choose Scioli over Randazzo is already a defeat.

This is an interesting read from Clarín. October 9, 2001:

http://edant.clarin..../09/p-03201.htm

Un párrafo de un discurso que dio en Villa Lugano lo ilustra. Dijo: "Como candidato del justicialismo debo recordar que durante nuestro gobierno conseguimos la estabilidad. Por eso estoy ahora con Liendo, el autor de la Convertibilidad, y voy a seguir sosteniendo esta política, que es la que defendí como diputado durante años y coherentemente".

Coherencia. Habrá que reconocer que Scioli la tuvo en su relación con Menem, su mentor. Le escapa al mote de "menemista", del que ya no podrá desprenderse, porque siente que lo limita. Pero subraya que su lealtad hacia el ex presidente sigue intacta. De él, detenido por la venta ilegal de armas, suele recibir consejos políticos vía telefónica o en algunas de sus visitas a la quinta de Don Torcuato.

You won't see that on 678...

 

[Gringoboy]

Online polls on who do you think will win the balotaje.
http://www.diariodecuyo.com.ar/home/new_noticia.php?noticia_id=690984