Roberto Cachanosky's severe analysis of the Argentine economy: "Stagnation with inflation"

[Finance Prof]

A local economist spells out stagnation with inflation.

Severo análisis de Roberto Cachanosky de la economía argentina: “Estancamiento con inflación”

En su balance de la gestión, el economista retomó cifras de la inflación, la actividad económica, los empleos formales y el cierre de empresas.

www.ambito.com

 

[Cellular Shill]

This government is buying the votes. Milei isn't a libertarian. There are more social plans than ever. As long as those payment keep up he will probably get their votes.

 

[citygirl]

The thing in Argentina is things can flip over and change very quickly.

 

[GlasgowJohn]

The thing in Argentina is things can flip over and change very quickly.

Very true , @citygirl . But there is no sign whatsoever of a light at the end of the runnel....

 

[Edgardo]

Very true , @citygirl . But there is no sign whatsoever of a light at the end of the runnel....

Agree about a positive change or light. But I do agree with citygirl just because Milei might he on top now that could change quickly. I read that Argentina had 4 or 5 presidents in the span of a few weeks. If that doesn't tell you what can happen not sure what will!

 

[Avocado]

Agree about a positive change or light. But I do agree with citygirl just because Milei might he on top now that could change quickly. I read that Argentina had 4 or 5 presidents in the span of a few weeks. If that doesn't tell you what can happen not sure what will!

It wasn't weeks. It was days!

 

[earlyretirement]

Very true , @citygirl . But there is no sign whatsoever of a light at the end of the runnel....

That is for sure. Lots of issues/problems still need to be resolved. I have always maintained that I doubt I'll see systemic change in Argentina in my lifetime. That opinion hasn't changed much at all.

 

[Floripa]

In Clarin today.

DUE TO HIGH INTEREST RATES, 1 OUT OF EVERY 4 PEOPLE HAS OVERDUE DEBT WITH BANKS AND DIGITAL WALLETS

The Central Bank reported that credit delinquency exceeds 9% in banks and is at its highest level since 2004. The delinquency problem is broader when considering loans outside the banking system, including digital wallets, fintechs, and other entities.

A Banco Provincia report, based on the Central Bank's most up-to-date information, measured that toward the end of last year, one in every four people with any type of financing had trouble repaying it. That's nearly 5 million people, a 10 percentage point jump compared to a year earlier, when that situation affected 15%.

According to its estimates, half of the loans are for less than 1 million pesos. However, these are also the ones with the highest delinquency: 20.4% are delayed in timely repayment.

Testimonies from the financial consultancy 1816“The Government does little and nothing about it, from which one deduces that it feels comfortable with the current functioning of the regime.”

“[For the government] the most important thing is to lower inflation (...) even at the cost of bank loan uncollectibility still not having found a ceiling.”