Top LATAM Economist calls Argentine economy ¨time bomb ticking¨

[dani28]

http://en.mercopress.com/2011/10/25/the-argentine-economy-is-a-time-bomb-ticking-warns-economist

Thoughts?

 

[Bajo_cero2]

Well, he doesn t like that the economy goes well while they break all the dogmas of the neoliberal economy doctrine. He propose to eliminate subsides and ask for "making the economy fundamentals more transparent". However, I don t understand why it should be like he expects when this is not working abroad.
In fact, the opposite solution is what allow Argentina to raise from 2001. And helped the US to raise after the big depression. So...

 

[BAFinance]

Tick, Tick, Tick...

 

[perry]

Argentinas economy is a hell of a lot better than many European countries where real unemployment is over 25% of the working population. I commend the Government for supporting local businesses and to some extent its protectionist policies. Do people sincerly believe that the USA and Europe are models to strive for when they have sold their working heartland to multinationals in Asia who work for pennies in the dollars.

Many people here are from the USA and they are a fine people individually but you have been conned by respective governments from Reagan to Obama who has seen the biggest demise of workers jobs in the history of the USA .

It does not take rocket science to understand that there is no will in the USA or Europe to fix these problems as there is no monies invested in job creations or supporting small business but for illegal wars that cost hundreds of billions of dollars annually the money supply is being printed overtime in the name of democracy.

Argentina will be affected by the coming worldwide depression but there will be a more less noticeable effect than the Northern hemisphere which will see the greatest depression in human history . We are a land of just 40 million with a productive capacity that can feed the world and not to mention unlimited water supplies and the best natural deposits of minerals .

For this reason alone Argentina will stand out proud and will be a beacon once again for the immigrants from Europe and the USA

 

[ghost]

I commend the Government for supporting local businesses and to some extent its protectionist policies.

You can commend all you want but there is major trouble on the horizon for Argentina. Lack of real investment and capitol flight will produce a unique form of melt down. Keep in mind that Argentina is always unique in the process, but it always melts down [uniquely]

http://www.businessweek.com/news/20...oil-mining-exporters-to-repatriate-funds.html

 

[ndcj]

This economist now advocates "transparency", a reduction in capital flight and the removal of state subsidies.

Once upon a time, he was all for the exact opposite of these things. The only difference is that it was for the benefit of the big end of town.

http://www.pagina12.com.ar/diario/economia/2-19977-2003-05-11.html

Why the change of heart? Is it because these "hand out" actually help the people most in need, rather than help large companies steal from the Argentine people, like he helped do?

The problem with asking an economist about the economy is that usually they can't see past it. An economy is there to be of service to its people, not to chain them. This is the first government in Argentina in a very long time to reverse the trend on poverty, education and health.

Keep in mind that most of the rest of the world, even the neo-cons, have now embraced that deficit spending is needed to help the economy remain stable and grow in times of economic turmoil.

 

[jb5]

These threads always get very confused. They start out considering whether Argentina's economic policies are sustainable (they're not) and become a defense of whether CFK has helped Argentines in many ways (she has).

These are two totally different subjects.

 

[zapatosgoma]

The economist in the article "forgets" to mention that what triggered the 2001 crisis were the insurmountable debt obligations. The default, and the rise of commodities prices, brought that down to a much more manageable level (reference below) Crisis coming? No. Belt tightening? Probably. Just my two cents....

http://data.un.org/Data.aspx?d=MDG&f=seriesRowID%3A655

 

[marksoc]

unlimited water supplies and the best natural deposits of minerals

Ehem, the Mighty Army of the United States would want a word with you.

Tick, Tick, Tick...

Do we have a "treason" figure in Argentina?

And yes, we don´t listen to economists like this one. Imagine asking Goldman&Sachs to tell you about economic policy for the US. They don´t have your best interest in their hearts.

 

[ghost]

Ehem, the Mighty Army of the United States would want a word with you.



Do we have a "treason" figure in Argentina?

And yes, we don´t listen to economists like this one. Imagine asking Goldman&Sachs to tell you about economic policy for the US. They don´t have your best interest in their hearts.

For once we can agree. Goldman Sachs is the best example of why the Wall Street protests exist. Unfortunately not one of those slime bags went to jail and not one mega bank was dismantled.
The Creature From Jekyll Island is alive and well and busy formulating the next plan for debt slavery. So in that one respect, Argentina somewhat protected.