Matiasba
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- Oct 17, 2012
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You know I dont usually attack the poster but Matias me estás cargando? No tenés verguenza, estas diciendo cualquier cosa. Heres a few comments:
- growth was high due to it coming off a low base (the country was on its knees), there was only one way to go and that was up. Record soy and grains prices (totally out of the control of the government) also helped.
- the government hasnt tried to stop inflation. It needs to stop increasing the monetary base and decrease public spending & it hasnt done either. Check out the increase in the money in circulation (p2 of this report). Its increased 30% in the past 12 months. And look how the USD reserves has decreased in that time (as the government injects money in to the black market to try and control an illegal dollar they have themselves created through their policies).
http://www.bcra.gov....infomondiae.pdf
- the last bolded comment just says it all. You believe INDEC more than private estimates. So what, we have 8-9% inflation? Why dont you check your supermarket receipts.
i said I think the treu is in the middle. Read better.
About the growth coming from the crisis, yes, but that could explain lets say four, five years of growth, then you recovered the pre crisis numbers, its difficult to continue growing and expanding the economy. There are a lot of new consumers, as a prtoduct of social investment, and also industry explains a part of the growth.
The soy and grains prices helped but in the last two years prices have continued growing and the economy went down from 8% to 2%, so that variable doesnt explain the growth of the economy.
About the reserves decreasing, this is something it happens in this country every ten years, it doesnt obbey to some particular policies, it happened with the dictatorship, with Alfonsin, with Menem (where this people that take dolars outside were government and despite this they still produced 2001), and now.
Capital outflows is something that happen because the big capitals, the people that make money in this country, simple dont believe in it, so after making big money they just invest it in other thing outside the country. I repeat, they did it even in 2001 when they had the government they wanted that made every policy they wanted, or even with the milicos, that attached an enormous private debt to the State.
And unlike all these experiences, all in all this government still has some reserves, not as they were in 2010, but that can prevent surely another 2001.