Wham here comes the tsunami

[Pensador]

Macri vows to win second term after Argentine peso crashes on primary results

Argentine President Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling.

www.reuters.com

And it is gonna get worse and then give it a few years.

 

[Fiscal]

I always wanted to know what's it like to live in Venezuela. Will soon find out!!!

 

[earlyretirement]

I always wanted to know what's it like to live in Venezuela. Will soon find out!!!

Nah, Buenos Aires will never be like living in Venezuela. Never. 2001 if anything should have taught you that when things crash that hard and blood in the streets, you pounce on it and buy. The most successful people in Argentina are the ones that understand the cycles.

 

[lamarque]

Nah, Buenos Aires will never be like living in Venezuela. Never. 2001 if anything should have taught you that when things crash that hard and blood in the streets, you pounce on it and buy. The most successful people in Argentina are the ones that understand the cycles.

Exactly, collapses here are the perfect opportunity to make real money, you just have to be cold minded and buy opportunities all my family made money by buying when people panic and people do panic an exaggerate here, but after the storm there is plenty of material to push the economy to it feets again and again it has become somehow resilient to this cycles. People get nervous when is to long since the last one and they start to be wary. Venezuela is not going to happen here because the production matrix is just different same as the people and what people is used to. If Argentina will be an oil exporter economy then this might happens given the quality of politicians (populist that will grab any sort of money cow and dry it out), but luckily is not the case. But is a sad sad day, that for sure, and is even sadder to know that there will be at least 4 years like this in front of us, with good luck alberto fernandez will not be like kristina (after all he was a critic of Kristina Kischner) but only future will tell

 

[perry]

Exactly, collapses here are the perfect opportunity to make real money, you just have to be cold minded and buy opportunities all my family made money by buying when people panic and people do panic an exaggerate here, but after the storm there is plenty of material to push the economy to it feets again and again it has become somehow resilient to this cycles. People get nervous when is to long since the last one and they start to be wary. Venezuela is not going to happen here because the production matrix is just different same as the people and what people is used to. If Argentina will be an oil exporter economy then this might happens given the quality of politicians (populist that will grab any sort of money cow and dry it out), but luckily is not the case. But is a sad sad day, that for sure, and is even sadder to know that there will be at least 4 years like this in front of us, with good luck alberto fernandez will not be like kristina (after all he was a critic of Kristina Kischner) but only future will tell

Economies should not be manipulated as to benefit a small percentage of the population . How many people in Argentina can benefit in a crash maybe 10 % at most who have a lot of money that can be used to buy up big when there is blood of the streets . This is financial terrorism of the worse kind as 90% of Argentinians live month by month and have to buy the food and pay the rent . With terrible inflation and low wages in a devalued currency life has been a liiving hell for them the last year .

Macri had a excellent chance to create and stimulate the economy internally when he was elected but he did not implement one policy to help real economic growth that come from the argentinian people . The economy in the last years has been a casino economy of the worst kind based on speculation that has only benefited those that are very wealthy . There has been very little investment in a business culture that would have created a lot of employment for local people . The last years has seen many busineses close down and argentina made is non existent .

Having a open economy where everything is china made does not benefit argentina . This is a country that can produce everything it needs . We need a president that cares about his people and creates real economic growth that comes from the talent of the argentinian people and the incredible natural resources that argentina has .

 

[lamarque]

Economies should not be manipulated as to benefit a small percentage of the population . How many people in Argentina can benefit in a crash maybe 10 % at most who have a lot of money that can be used to buy up big when there is blood of the streets . This is financial terrorism of the worse kind as 90% of Argentinians live month by month and have to buy the food and pay the rent . With terrible inflation and low wages in a devalued currency life has been a liiving hell for them the last year .

Macri had a excellent chance to create and stimulate the economy internally when he was elected but he did not implement one policy to help real economic growth that come from the argentinian people . The economy in the last years has been a casino economy of the worst kind based on speculation that has only benefited those that are very wealthy . There has been very little investment in a business culture that would have created a lot of employment for local people . The last years has seen many busineses close down and argentina made is non existent .

Having a open economy where everything is china made does not benefit argentina . This is a country that can produce everything it needs . We need a president that cares about his people and creates real economic growth that comes from the talent of the argentinian people and the incredible natural resources that argentina has .

Economies should not be manipulated as to benefit a small percentage of the population . How many people in Argentina can benefit in a crash maybe 10 % at most who have a lot of money that can be used to buy up big when there is blood of the streets . This is financial terrorism of the worse kind as 90% of Argentinians live month by month and have to buy the food and pay the rent . With terrible inflation and low wages in a devalued currency life has been a liiving hell for them the last year .

Macri had a excellent chance to create and stimulate the economy internally when he was elected but he did not implement one policy to help real economic growth that come from the argentinian people . The economy in the last years has been a casino economy of the worst kind based on speculation that has only benefited those that are very wealthy . There has been very little investment in a business culture that would have created a lot of employment for local people . The last years has seen many busineses close down and argentina made is non existent .

Having a open economy where everything is china made does not benefit argentina . This is a country that can produce everything it needs . We need a president that cares about his people and creates real economic growth that comes from the talent of the argentinian people and the incredible natural resources that argentina has .

Sorry but i have never read so much shit together, Is not about benefiting, is about taking the opportunity that was created, is not as if any of the persons that take a new vote of trust in the economy by buying low are responsible of the crisis, that is mostly politicians spending more than we have, and the addictive behavior of part of the Argentinean society to a big brother state that control all aspect of life. Or you are suggesting that one should just because the country is collapsing, run like a headless chicken screaming in panic? the people that actually stop with the panic spiral and use the opportunity to buy cheap are the ones that actually stop this downward spiral and panic and help the economy regain confidence to bounce back. Without this 10% of the people that start trusting again on the country this country will be doomed, and the downward panic spirals will never stop. Besides here in Argentina is not a 10% is more than half the country that is used to this crisis scenarios so they know how to act in order to loose the less possible. Is an unfortunate but very handy trait acquired throughout many crisis, people know that crisis dont last forever and they see how to act accordingly, and we are not talking of big businesses (they only come back when they see the economy is already bouncing back, they are normally to bureaucratic and slow to react to use this opportunity), we are talking from the person that buy a cow because he thing is cheap, to the person that decide to open a kiosk or small factory or start something new (an example from 2001 is all the IT tech company's that export services that appear that are now giants exporter industries but started with young people looking for opportunity on a economy that was totally destroyed).
Somehow you made it as if the act of taking an opportunity is a bad thing because other people is suffering, that is the most stupid argument i ever heard. Is basically like saying because the economy is going down you should just stop doing business and accept that you cannot do nothing (who can be benefited by this, prices will just keep going down to the floor without anyone to actually put a vote of trust with his pocket and reverse the tendency from selling to buying).
Besides All the bullshit about politicians creating real economy make me laugh, the only ones that create real economy are company´s and real economy can only be created if you give stability, in the case of Argentina you need to just send all politicians to a never ending vacation and let the people do, only then you will have real economy. Is impossible that we can generate shit when the governments are changing rules every 10 minutes, and every 4 years new government that just turn the boat 180 degrees comes into play, free market or not free market has few to do with anything here, is the freaking instability what kills the possibility of doing real economy as you call it lol.

 

[lamarque]

Give Argentina 20 years of stability and no changes and you will see how the economy skyrocket.

 

[perry]

Give Argentina 20 years of stability and no changes and you will see how the economy skyrocket.

You have for many years been gloating on this forum about the benefits of Mauricio Macri . The central government is key to stimulate an economy as it implements the tax laws and creates incentives for business to invest . Under the current government that you so loveeeeeeeeee the economy has been destroyed and unemployment is at record levels . Real wages have been halved in the last years but costs in dollars are higher than ever . This was caused by your beloved government but yeah it is great that argentina can burn and crash so we can pick up a asset on the cheap !!!!!

 

[lamarque]

You have for many years been gloating on this forum about the benefits of Mauricio Macri . The central government is key to stimulate an economy as it implements the tax laws and creates incentives for business to invest . Under the current government that you so loveeeeeeeeee the economy has been destroyed and unemployment is at record levels . Real wages have been halved in the last years but costs in dollars are higher than ever . This was caused by your beloved government but yeah it is great that argentina can burn and crash so we can pick up a asset on the cheap !!!!!

Interesting, i love the current government lol, well i guess all is relative, if i compare it with Kristina Government yes i prefer so so so much more Macri that you can even go as far as call it love if hate will be what i feel for Kristina, but by no mean is the government i will choose if the kind of government i would like to see will be available. Between the Kristina and Macri i will vote a millon times Macri that for sure. Now burn and crash is what Argentina has done with all the governments, slower or faster not sure what you mean with that, is not Macris invention, is happening since your beloved peronism arrived to power pretty much 70 years ago, and kristina is part of it, it even became a politica strategy for peronism, to give a government in such bad shape that you obligate your opposition to take the painful measures so people hate them and then take the boat once the devaluation and reduction on deficit has happen and start spending again as if you are the savior lol. I will not waste my time in you Perry, you are or to blind or to naive. I will love to give you a country with 13% fiscal deficit and see how you do, and how much space to maneuver you have.

 

[semigoodlookin]

Give Argentina 20 years of stability and no changes and you will see how the economy skyrocket.

Of course, but that's not going to happen is it. The people either won't or can't wait for two decades and that's the shame. I don't think many people deny the huge potential Argentina could have.