Ignorance or bliss?

[mini]

In my opinion you have your head in the sand. Why? We never had less than 10% of people without work. I don´t know the statics rigth now but I know that it was about 8%.

I have a really nice bridge to sell if you are in the market.

 

[ghost]

Indeed...

$ 600,000 million in treasury bonds to stimulate the economy.

Hey Lucas! That's $600 billion to those of us who use real numbers.
This thread is interesting but I really haven't seen the point. Argentines believe they are truly unique in the world. And every 10 years when the place tips over, you can blame the US and the CIA. Works for me. Great model. What's that line about repetition again, again, again?

 

[LAtoBA]

Printing money during a crisis produces inflation here, in the US and in china. Wait and see.
Regards

As opposed to what? Printing money when there is no crisis? Printing money, period, is considered an inflationary pressure. My point was because the rate of inflation is so low right now and because the economic recovery is so tepid in the US, the US can "afford" to print more money, ie, increase the money supply. Argentina cannot at a rate of inflation that is astronomically higher than in the US. Printing money, or increasing the money supply is a pretty standard recession fighting tool in economics.

Argentina should not be printing more money right now. Period. That's just bad economics, especially when one of the reasons they are doing it is to pay off debt.

 

[LAtoBA]

Hey Lucas! That's $600 billion to those of us who use real numbers.

Ah ghost give him a break. 600,000 million is typically how Latin Americans write 600 billion.

 

[Bajo_cero2]

Hey Lucas! That's $600 billion to those of us who use real numbers.
This thread is interesting but I really haven't seen the point. Argentines believe they are truly unique in the world. And every 10 years when the place tips over, you can blame the US and the CIA. Works for me. Great model. What's that line about repetition again, again, again?

Well, the point is that any crisis around the world used to be a disaster here: people rioting and atacking supermarkets for foood and inflation over 300% (until 1900%). However, this is the biggest crisis in 80 years and we have an average inflation (20%), there is no crisis: the dolar price is freeze, the constuction industry is ok, the industry and the farmers are doing great. That´s the point.
There is no repetition this time, that´s K merit. This isn´t great, we could be worst because this is Argentina.

Nobody mention CIA or any conspiracy theory, the US were mentioned because they created this crisis, there is no debate about it.
Regards

 

[Bajo_cero2]

As opposed to what? Printing money when there is no crisis? Printing money, period, is considered an inflationary pressure. My point was because the rate of inflation is so low right now and because the economic recovery is so tepid in the US, the US can "afford" to print more money, ie, increase the money supply. Argentina cannot at a rate of inflation that is astronomically higher than in the US. Printing money, or increasing the money supply is a pretty standard recession fighting tool in economics.

Read todays newspapers, seems that Germany agree with my analisys regarding the US cannot afford it. The dolar will devaluate. Devaluation and inflation are two faces of the same coin.
So, what does it means? The free market is over. Protectionism seems to be comming back to the world.

Argentina should not be printing more money right now. Period. That's just bad economics, especially when one of the reasons they are doing it is to pay off debt.

Well, seems that it is good economics because we are doing great according with our standards.

Regards

 

[jaredwb]

10 months ago a 72 pack of huggies cost me 75 pesos at Disco (I checked my wife's meticulous baby journal)

Today, the same 72 pack cost me 178 pesos (same Disco)

I'm not a math major, but I'm pretty damn sure that is more than .7, 10, or even 30% increase.

 

[LAtoBA]

Well, seems that it is good economics because we are doing great according with our standards.

Regards

Okay I get it. If I had known that you were suffering from "Argentina is utopia" syndrome I never would've brought it up. Keep dreaming that the economy is perfect. Heck why stop there? The subte is state of the art, the ubiquitous presence of dog crap in BA gives the city character, and the pollution, well it's good because it makes you stronger by making your lungs work harder than they should naturally have to.

From my experience, balanced point of views work best.

 

[TomAtAlki]

10 months ago a 72 pack of huggies cost me 75 pesos at Disco (I checked my wife's meticulous baby journal)

Today, the same 72 pack cost me 178 pesos (same Disco)

I'm not a math major, but I'm pretty damn sure that is more than .7, 10, or even 30% increase.

That's way past anyone's estimate of inflation. Are you sure you didn't get a 2 fer 1 or a 50% discount with your credit card 10 months ago?

 

[elhombresinnombre]

(72 pack of huggies 75 pesos to 178 pesos)

That's way past anyone's estimate of inflation. Are you sure you didn't get a 2 fer 1 or a 50% discount with your credit card 10 months ago?

And erme.... one year on, isn't the child bigger, heavier and wetter and into different Huggies by now? Or doesn't that affect the price? You've got to forgive me: my kids were terry-nappy kids and that was years and years and years ago so I don't know a lot about Huggies