With some things the inflation has never really left. Slowed down but not really left. And even the slowdown was a mirage because they did it with fake lower price of the dollar and inflated price of the peso.
This situation reminds me of a group of drunk fraternity brothers driving in a van...
I went to the laundromat on friday to get some clothes washed. We have machines in our building that we need to buy tokens for but we can't find them anywhere lately. The price for those keeps going up too to do loads of laundry. How much is everyone paying? I went to one place in Palermo...
I just can't understand why they need more loans to get out of the cepo? Milei complained before about these IMF loans. Now he is saying he needs it to get rid of currency controls. It's not necessary to borrow billions more. Just let the exchange rate float and the market will be freed. It is...
I wonder what the reason is? I guess we will find out.
https://en.mercopress.com/2025/01/16/argentina-recalls-ambassador-in-montevideo-due-to-service-reasons?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss&ct=t(RSS_EMAIL_CAMPAIGN)
Correct. Inflation will probably be at least 30% to 35% this year. What else is left to cut?! Argentina isn't the US. We are a developing country yet our prices are higher than developed nations where people are making 4X more salary.
Utility prices have skyrocketed. Electricity is 500% more...
So Argentina is essentially back to Macri and CFK levels of inflation (25%-50%), yet with none of the perks as inflation refuses to go below 2.5%/month.
So Milei and Caputo destroyed the economy for what? Food/housing to be way out of sync with people's incomes, fake poverty statistics. For...
I just don't understand why the IMF would want to loan more money. Can anyone explain how Argentina is going to really improve doing more of the same?
The Tax Amnesty is over, there are no more dollars incoming unless they do another amnesty.
The IMF says continued currency controls = No more...