Wow. We Are Living In The Worlds Powerhouse Of Growth!

[scotttswan]

As far as I am informed, INDEC substitutes products.

If lomo becomes too expensize, giving a too high inflation, lomo is substituteted with a cheaper cut. If the cheaper cut gets too expensize, it is substituted by e.g. chicken or liver, mondongo, etc. until the result is within the desired limit.

Tripe for all!

 

[dennisr]

"It’s crazy for Argentina to lose 10 percent of its reserves for lying with its data,” he said. “But I don’t see the government showing a violent drop in activity to avoid the payment.”
http://www.bloomberg.com/news/2013-09-23/believing-data-not-required-with-gdp-warrants-argentina-credit.html

 

[John.St]

(Re. dennisr's link above)

"The government would have to report a contraction of at least 3 percent in the third and fourth quarter from the previous quarters to miss the payment, according to Luciana Carcione, an economist at Orlando Ferreres & Asociados."

Whatza da problema?
That will be after the election in October.