October Elections, Inflation And Capital Controls

Ok,

So returning to the original question, rather than sinking into general commentary about Argentina's malaise:

What exactly are the stated policies of the main candidates (Macri, Massa, Scioli) regards:
  1. Inflation
  2. Captial Controls
Any on topic response much appreciated!
 
Inflation from 2003 to 2015 for some products was over 1000 % in several supermarkets . What will inflation be after October...??

Its pretty simple to buy the same as in 2003 with a 3;1 dollar ratio one would need a $30 peso Blue.!
0013324159.jpg
 
Ok,

So returning to the original question, rather than sinking into general commentary about Argentina's malaise:

What exactly are the stated policies of the main candidates (Macri, Massa, Scioli) regards:
  1. Inflation
  2. Capital Controls
Any on topic response much appreciated!


Responding to the questions above would involve 6 paragraphs/ 3x2 . El Queso perhaps will address these issues :cool: at length...!

See the link on devaluation and currency controls proposed by candidates.

http://buenosaireshe...ver-devaluation
 
Responding to the questions above would involve 6 paragraphs/ 3x2 . El Queso perhaps will address these issues :cool: at length...!

See the link on devaluation and currency controls proposed by candidates.

http://buenosaireshe...ver-devaluation
:p :)

Sebas, I don't know how long you've lived here and/or followed politics here, but there is no good answer to your question. Thus Thorsten's, and others', perhaps glib-seeming responses and what may seem like off-topic comments. But stated simply, the candidates are going to do and say whatever they will to get elected without being very specific. Scioli and Massa are going to take a populist road (which will include some form of currency/capital controls and may mean a train wreck in a year) and Macri will take a "business"-oriented approach (which, even if he is sincere in his desires may mean a wreck even quicker). No one can leave the currency controls where they are, they all seem to recognize it, but the only difference seems to be that the populist candidates don't want to let it go free and Macri thinks that if he lets everything go at once (including capital controls), the market-engine will magically start up and the peso won't lose value.

Personally, I think Macri has the right idea in the long run, but will probably screw things up with a shotgun approach in the short term if he gets in.

One thing I've learned from living here for nearly a decade is that it makes little difference what the players say, what intentions they have, what kind of logic one might try to apply to the situation given what they say. Things will almost certainly turn out different than you imagined.

My biggest question in all this is - which of these candidates has the most likely chance of getting done what they would want to do? I feel like the answer is "none of the above" unless their policies are close to what Cristina wants. This is because Cristina and her late husband have had over a decade to put into place a huge bureaucracy that is full of back-scratching deals and corruption, judges that are friendly to Cristina, and a majority in congress of her party members (at least right now - maybe that will change, but I doubt it, not yet anyway). All of this has allowed her to bend things more than any other candidate will be able to in my opinion and anyone who wants to really change things in ANY direction will be pushing against a lot of inertia. Scioli is the one who seems to be handed the keys, Massa doesn't have Cristina's blessings, and Macri is from the evil business camp, far from Cristina's policies.

Then, you have the whole voting thing to begin with. Choripan para todos y todas brings in the massive wave of the poor on Cristina's (Scioli's) side no matter what she does to the market-engine because too many think she's the second coming of Evita. And the voting machines - looks like a good possibility that those may be giving a Chavez-style election to Scioli, if you ask me.

Just sit back and watch the fun, because interpreting what the candidates are saying, translating that into a reality to come, and getting it right, is pretty much like winning the lottery.

I have yet to see a clear, succinct statement from any candidate as to what they intend to do, but then again I've been in the States for the last month and having not been following things that closely as a result. Maybe I've missed something.
 
:p :)

Sebas, I don't know how long you've lived here and/or followed politics here, but there is no good answer to your question. Thus Thorsten's, and others', perhaps glib-seeming responses and what may seem like off-topic comments. But stated simply, the candidates are going to do and say whatever they will to get elected without being very specific. Scioli and Massa are going to take a populist road (which will include some form of currency/capital controls and may mean a train wreck in a year) and Macri will take a "business"-oriented approach (which, even if he is sincere in his desires may mean a wreck even quicker). No one can leave the currency controls where they are, they all seem to recognize it, but the only difference seems to be that the populist candidates don't want to let it go free and Macri thinks that if he lets everything go at once (including capital controls), the market-engine will magically start up and the peso won't lose value.

Personally, I think Macri has the right idea in the long run, but will probably screw things up with a shotgun approach in the short term if he gets in.

One thing I've learned from living here for nearly a decade is that it makes little difference what the players say, what intentions they have, what kind of logic one might try to apply to the situation given what they say. Things will almost certainly turn out different than you imagined.

My biggest question in all this is - which of these candidates has the most likely chance of getting done what they would want to do? I feel like the answer is "none of the above" unless their policies are close to what Cristina wants. This is because Cristina and her late husband have had over a decade to put into place a huge bureaucracy that is full of back-scratching deals and corruption, judges that are friendly to Cristina, and a majority in congress of her party members (at least right now - maybe that will change, but I doubt it, not yet anyway). All of this has allowed her to bend things more than any other candidate will be able to in my opinion and anyone who wants to really change things in ANY direction will be pushing against a lot of inertia. Scioli is the one who seems to be handed the keys, Massa doesn't have Cristina's blessings, and Macri is from the evil business camp, far from Cristina's policies.

Then, you have the whole voting thing to begin with. Choripan para todos y todas brings in the massive wave of the poor on Cristina's (Scioli's) side no matter what she does to the market-engine because too many think she's the second coming of Evita. And the voting machines - looks like a good possibility that those may be giving a Chavez-style election to Scioli, if you ask me.

Just sit back and watch the fun, because interpreting what the candidates are saying, translating that into a reality to come, and getting it right, is pretty much like winning the lottery.

I have yet to see a clear, succinct statement from any candidate as to what they intend to do, but then again I've been in the States for the last month and having not been following things that closely as a result. Maybe I've missed something.

thanks El Queso ... however they all agree to lower inflation, however is it that simple? Bein, Lavagna or Melconian, have a secret formula? Kicillof is a dummy that he sees this and can't apply these measures...? Some claim they can lower inflation to one digit in four Years..? :rolleyes:
 
Hi

Thanks for the replies I think I've managed to answer my own question, having done a little more research:

http://www.eldestapeweb.com/exclusivo-el-plan-los-candidatos-bajar-la-inflacion-n3860

Which details their stances and plans on how to combat inflation.


Regards the capital controls from what I can tell:

Macri says he'll get rid of them right from the start

Massa says he'll get rid of the controls within 100 days of winning (25th October) providing his "10 point plan" works, he'll tell us what his 10 point plan is in november (providing he wins I assume, although you never know!)

Scioli's team of rockstar economists and financial luminaries are a bit conflicted although they are, in principal at least, in favour of removing the financial controls but do not have a fixed idea of how to do that and when it might happen.

As has already been mentioned who know's what will happen if and when any of the above candidates assumes control, but at least there is something to go on.

Cheers
 
sleslie23 is right on the money.NOTHING has fundamentally changed in almost 70 years.The Campora is a repeat of the Peronist Youth and has
some frightening simularities with the Hitler Jungend.Argentines of all income groups and cultural backgrounds are petrified of change,don't really want it and will go to great lengths to avoid it.Risk aversion in Argentina is a way and a fact of every day life.This is why almost all of them livein the past.The rich in the times of the "Belle Epoque",the lower income groups and unions in the glory days of Justicialismo in the 1940s and '70s.What they found in loans from the international financial sector was funding for a continuation of their lifestyle of living fairly well with low or no risk taking and almost a total lack of entrepreneurship.When they lost that funding the party was over.Now that their backs are clearly against the wall-"Estan entre la espada y la pared"-the world will finally see what they are able to do----maybe. `
 
Sunday, October 4 is the first and only presidential debate, 21 days before the election.

PLACE: Facultad de Derecho
TIME: 21 hs (90-120 minutes)
TELEVISED on four channels plus simultaneous broadcast on radio
 
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