Argentina Economy, Election, and possible default?

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admin
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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Oct 28, 2019 12:17 am

Guess who's back?

Fernandez wins, macri conceded defeat.

https://www.batimes.com.ar/news/argenti ... ndez.phtml

well, latin America sure is interesting these days.
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Re: Argentina Economy, Election, and possible default?

Post by FrankPintor » Mon Oct 28, 2019 10:00 am

Yes, Macri out, Fernandez in... at least they're talking to each other this time around.

Fernandez' victory was much narrower than expected, the margin closed substantially since August, and he lost every major population centre except the province of Buenos Aires, which apparently has about 16 million people and effectively gifted him the election. We'll see what happens next.
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Re: Argentina Economy, Election, and possible default?

Post by mem » Mon Oct 28, 2019 10:13 am

KFC is back!

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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Oct 28, 2019 11:08 am

the central bank is limiting to $200 u.s. withdrawals between banks, and $100 in cash.

Yea, that will calm the market.

blue dollar hit 75
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Re: Argentina Economy, Election, and possible default?

Post by PXYC » Mon Oct 28, 2019 1:34 pm

Well, at least Argentina will remain a cheap destination for Chilleans to go on holidays or large weekend getaways.

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Re: Argentina Economy, Election, and possible default?

Post by mem » Sun Nov 10, 2019 1:35 pm

Meanwhile, in Argentina

https://amp.cnn.com/cnn/2019/11/09/worl ... index.html

Yup this is the easiest place for Chile to bug out too...wah wah wahhhh

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Re: Argentina Economy, Election, and possible default?

Post by admin » Fri Nov 15, 2019 7:15 pm

the little wankers on the streets of Santiago like to puke on and on about how corrupt Chile is.

They have not got a clue what real corruption is like in latin America; especially in Argentina.

https://www.biobiochile.cl/especial/rep ... -ypf.shtml

Chile's Enap, has filed criminal complaint against Argentina's YPF for fraud, after a forensic audit uncovered massive corruption in contracts for gas to Chile. among others, guess who is at the top of the pyramid?

Argentina's vice president elect.

It seems there were 6 shell companies involved, plus some of her family were "executives" paid millions of dollars to do nothing.

That is just one little gas contract. what do you think the rest of the country looks like under the hood?
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Re: Argentina Economy, Election, and possible default?

Post by Space Cat » Fri Nov 15, 2019 7:18 pm

admin wrote:
Fri Nov 15, 2019 7:15 pm
They have not got a clue what real corruption is like in latin America; especially in Argentina.
I'd say most have a clue but they compare the country to Western Europe and OECD members, not to the Latin American basket cases.

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Re: Argentina Economy, Election, and possible default?

Post by frozen-north » Fri Nov 15, 2019 10:00 pm

admin wrote:
Chile's Enap, has filed criminal complaint against Argentina's YPF for fraud, after a forensic audit uncovered massive corruption in contracts for gas to Chile. among others, guess who is at the top of the pyramid?
Have you forgotten Odebrecht?
Almost a third of Brazil's government ministers who served under former president, Michel Temer, have faced investigation, including his foreign minister and chief of staff. The predecessor of current far-right President Jair Bolsonaro, who was arrested and released in a separate corruption case last month, is facing investigation in relation to Odebrecht.

https://www.bbc.com/news/world-latin-america-41109132

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Re: Argentina Economy, Election, and possible default?

Post by 41southchile » Fri Nov 15, 2019 11:49 pm

Space Cat wrote:
Fri Nov 15, 2019 7:18 pm
admin wrote:
Fri Nov 15, 2019 7:15 pm
They have not got a clue what real corruption is like in latin America; especially in Argentina.
I'd say most have a clue but they compare the country to Western Europe and OECD members, not to the Latin American basket cases.
And there in lies Chiles major problem, comparing themselves to Western Europe and OECD members, this is definitely Chiles neighborhood, the last month has shown this is the neighborhood where the country firmly belongs. These Latin American basket cases , economically speaking, are who Chile should compare themselves with , not friggin Western Europe . It's not only the physical distance that separates Chile from Western Europe.
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin

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Re: Argentina Economy, Election, and possible default?

Post by Space Cat » Sat Nov 16, 2019 12:22 am

41southchile wrote:
Fri Nov 15, 2019 11:49 pm
And there in lies Chiles major problem, comparing themselves to Western Europe and OECD members, this is definitely Chiles neighborhood, the last month has shown this is the neighborhood where the country firmly belongs. These Latin American basket cases , economically speaking, are who Chile should compare themselves with , not friggin Western Europe . It's not only the physical distance that separates Chile from Western Europe.
I don't see any cultural reasons that prevent Chile getting on the level of pre-crisis Spain. The last month has shown to me that there's a collective will to make serious system adjustments and this will is what can get the country out of the middle-income trap.

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Re: Argentina Economy, Election, and possible default?

Post by 41southchile » Sat Nov 16, 2019 12:49 am

Space Cat wrote:
Sat Nov 16, 2019 12:22 am
41southchile wrote:
Fri Nov 15, 2019 11:49 pm
And there in lies Chiles major problem, comparing themselves to Western Europe and OECD members, this is definitely Chiles neighborhood, the last month has shown this is the neighborhood where the country firmly belongs. These Latin American basket cases , economically speaking, are who Chile should compare themselves with , not friggin Western Europe . It's not only the physical distance that separates Chile from Western Europe.
I don't see any cultural reasons that prevent Chile getting on the level of pre-crisis Spain. The last month has shown to me that there's a collective will to make serious system adjustments and this will is what can get the country out of the middle-income trap.
It's not only cultural reasons (although they play an important part) that will prevent Chile from getting out of the so called middle income trap. A shrinking workforce and older population, low productivity, copper prices and the natural resource curse, lack of R and D, bureaucracy and red tape, even climate change etc , or will all these issues go away now after what's happened?
Is going to take a lot more than Willing the country into a more prosperous one, especially now the country will essentially loose the next few years of development getting out of this mess and the mess to come with the constitution. Not to mention the current state of the rest of the world and their problems, system adjustments wont be enough either in an export orientated conomy dependent on the healthy state of other economies and political decisions of the big boys.
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin

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