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macris economic stability.
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Aug 12, 2019 15:56
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"Macri stumbles"
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Aug 12, 2019 15:58
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Ghost of Mussolini posted:"Macri stumbles" ayyyy
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Aug 12, 2019 16:04
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no me deja abrirlo de nuevo por suerte no cerre el tab original, en caso de que no les deje abrir a otros de una:quote:Eddy Stenberg, portfolio manager on emerging markets debt at Boston-based asset manager Loomis Sayles, was equally downbeat. “My first reaction to the results was, there goes Argentina,” he said. “The only chance Argentina had of becoming a normal country is shot.” quote:Moreover, a Fernández-Fernández win could put the country’s record $56bn bailout from the IMF at risk, warned Yerlan Syzdykov, the global head of emerging markets at Amundi Asset Management.
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Aug 12, 2019 16:10
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I know jack all about contemporary Argentine politics, can someone fill me in what all this is?
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Aug 12, 2019 16:10
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Grouchio posted:I know jack all about contemporary Argentine politics, can someone fill me in what all this is? Yesterday's vote was the PASO to define what candidates will be on the ballot for the elections later this year (in October). The PASO are mandatory and simultaneous party primaries, open to any voters. No relevant parties ran a primary election, presenting already defined lists. Ergo, the PASO are the world's most expensive opinion poll. So although nothing has formally changed, the PASO have demonstrated that the government is further behind than what anyone thought. People expected the government to lose by 5-7%, and make up the difference through ballotage by capturing more third-party voters. Instead, the government has lost by a whopping 15%. Confidence in the government has disappeared, eg. the dollar was at $45 on Friday, and is currently sitting at $61 as of 12h Monday.
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Aug 12, 2019 16:18
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im horribly uneducated so ill be definitely going off course and subject to my own biases but the kirchners started doing more social programs like Asignacion Universal Por Hijos (Welfare per kids for impoverished families), renegotiated the insane debt we had following the dicatorships and the consequential Crash of 2001 (Dead men cant pay debts), Conectar Igualdad (give netbooks to kids coming out of school). Their downfall, aside from doing anything left leaning in this planet, was trying to attack the media conglomerates that had a stranglehold on the country, namely clarin, and trying to revitalize causes on their heads, magnetto and hernestina de noble regarding their ties to the dictatorships. This launched clarin into a loving frenzy of smearing and propaganda, not that the kirchners didnt have dirt on them. Doesn't help that, as talked up above, peron is a VERY difficult character, and theres a lot of peronistic elements in the kirchner platform. as such, the country got some of its harshest divide in years, and mauricio macri won last elections. despite unemployment having been way down, and the dollar going from like 3 to like 15 pesos during the 8 years of the kirchners, macri stoked the fires clarin had started and argued that the country had been handed to him completely up in flames, and proceeded to take loans from the imf (the loans nestor kirchner miraculously negotiated), helped speculators, and reprivatized poo poo the kirchners made state (I think YPF, our national oil supplier? might be wrong), and delegitimizing our national industries. Those last two rang echoes of the economic policies videla ran during our last coup, and many people saw the writing on the wall, and as such, due to a lot of bullshit which im not informed enough on, we went from 15 pesos to dollar to 45 in the 4 macri years, to the jump we're seeing due to investors and speculators jumping ship because the jig is up. After a rise in unemployment, the rise of the dollar to peso ratio and especially the utilities price hike, people finally wised up to the kind of dumbfuck macri is (Unfortunately not enough, 40 percent of our populace still somehow believes in him jesus christ). nevertheless, we've yet to see how this develops, who knows where the rest of the voting block would fall, but it seems like its curtains for Gaturro. And as usual, poor nico del caño gets less than 2%. Alas, we're just not ready yet
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Aug 12, 2019 16:24
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Ghost of Mussolini posted:Yesterday's vote was the PASO to define what candidates will be on the ballot for the elections later this year (in October). The PASO are mandatory and simultaneous party primaries, open to any voters. No relevant parties ran a primary election, presenting already defined lists. Ergo, the PASO are the world's most expensive opinion poll. oh, this, i thought he meant the backstory. but yeah, the paso was a huge shakeup because people expected a small difference. id argue confidence in the government was lost after the fiasco over bills quadrupling and poo poo
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Aug 12, 2019 16:25
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I read that Argentina used to have like the third highest GDP and quality of life in the Western Hemisphere 100 years ago. However, it has since just stagnated or even declined. What's the reason for this? Sourced that talk about this tend to be things like The Economist, so I don't trust them.
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Aug 12, 2019 16:40
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ArfJason posted:id argue confidence in the government was lost after the fiasco over bills quadrupling and poo poo Now these people can't even properly hold on with all the IMF money
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Aug 12, 2019 16:46
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15 loving points L O L And to think Fernández was screaming about "serious irregularities in the voting process" until like 8pm yesterday
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Aug 12, 2019 16:50
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punk rebel ecks posted:I read that Argentina used to have like the third highest GDP and quality of life in the Western Hemisphere 100 years ago. However, it has since just stagnated or even declined. Long story short, Argentina has always been an economy dominated by the exports of commodities. It's possible to make a lot of money exporting meat and leather as a small country in the first half of the twentieth century. Not so much now. As for why Argentina failed to industrialize, opinions v vary.
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Aug 12, 2019 16:58
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Aug 12, 2019 16:59
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its hard to quantify how much damage lanata has done to this country, but i sincerely wish him the worst
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Aug 12, 2019 17:00
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ArfJason posted:its hard to quantify how much damage lanata has done to this country, but i sincerely wish him the worst inshallah he will receive the same suicide watch epstein did
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Aug 12, 2019 17:21
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Just as I'm about to travel to Buenos Aires for work. Not sure how I feel about taking advantage of a neighbor's misfortune, but I'm sure gonna buy those wooden empanada dishes this time around.
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Aug 12, 2019 17:30
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man i could go for some empanadas rn
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Aug 12, 2019 17:32
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Que caripelas. 3 empanadas for 2 people...
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Aug 12, 2019 17:40
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i bought dollars today ama
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Aug 12, 2019 18:28
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Ghost of Mussolini posted:i bought dollars today ama bank or blue?
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Aug 12, 2019 18:44
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Ghost of Mussolini posted:i bought dollars today ama How many? did it hurt?
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Aug 12, 2019 20:00
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Wonder if Macri is gonna make more than a token effort to keep the dollar down now that he knows he's on the way out.
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Aug 12, 2019 20:23
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aaaajajajaja [lit: aaahahahaha]
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Aug 12, 2019 20:37
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Birds of a feather lmao https://twitter.com/MarkAmesExiled/status/1160945990523899904?s=20
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Aug 12, 2019 20:38
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Ur Getting Fatter posted:Wonder if Macri is gonna burn argentina to the ground now that he knows he's on the way out. ftfy
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Aug 12, 2019 20:44
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Ur Getting Fatter posted:bank or blue? Dek posted:How many? did it hurt?  ), yes it hurt but because i am stupid and should have sold last week Plutonis posted:Birds of a feather lmao
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Aug 12, 2019 20:51
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Dek posted:3 empanadas for 2 people... What a misery But yeah I mean what did anyone expect We keep going round and round the cycle, from corrupt vaguely leftish peronism to a neoliberalism that is much worse in all possible ways, and back again I wish there were politicians like Corbyn in Argentina, but then again they'd be cockblocked by peronists all the way I keep posting this and it keeps applying https://www.youtube.com/watch?v=X1rm8I2UT2Y
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Aug 12, 2019 20:56
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Pochoclo posted:
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Aug 12, 2019 21:16
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https://twitter.com/TheStalwart/sta...ingawful.com%2F
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Aug 12, 2019 22:41
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Mañana le rompemos el orto a Sri Lanka
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Aug 12, 2019 23:31
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Macri just blamed the crash on the K's and the people who voted them not understanding his great plans to fix the economy. I guess that answers the question of whether he'll try to keep the country stable and transition governments without issue or if he'll have to be dragged kicking and screaming out of the rosada.
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Aug 12, 2019 23:34
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Aug 12, 2019 23:44
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Aug 12, 2019 23:59
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Pochoclo posted:What a misery It really loving sucks that we have nothing else to choose from. We can either have incompetent, corrupt leftism that hires fascists or we can have spineless center-right neoliberal bootlickers that will tank the country. I wish there was something, anything we could do to fix this 
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Aug 13, 2019 00:17
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Transient People posted:It really loving sucks that we have nothing else to choose from. We can either have incompetent, corrupt leftism that hires fascists or we can have spineless center-right neoliberal bootlickers that will tank the country. I wish there was something, anything we could do to fix this NICODELCAÑOFUMANDOSEUNCAÑO
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Aug 13, 2019 00:18
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"hmmm my life in Argentina is poo poo, I KNOW, I'll go to Brasil!!!"
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Aug 13, 2019 00:35
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 (Not to you plut, it's just, who the gently caress would see this mess and think brazil is a good idea????)
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Aug 13, 2019 00:39
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We are officially on a recession now too. Fun times.
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Aug 13, 2019 00:40
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I mean, it's not just that. If you're an argentinian that qualifies as "refugee" that means you're either living on the streets or in a villa, and what, you're going to magically teleport to Brasil, where you don't even know the language, and... what? Live in a favela? If it was Uruguay getting nervous I might even understand it, but even then argentinians historically haven't really done the "refugee" thing to neighbouring countries, it's mostly just middle class people fleeing to Europe/USA. Everyone else just kinda shrugs and carries on and has a terrible poo poo of a time, this whole crisis thing is a recurring feature
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Aug 13, 2019 00:52
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I mean, his point was that if the left wing gets control over the country, it will literally become a venezuela, with food shortages so bad people would be fleeing. Of course that'll be their boogeyman for the rest of eternity
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Aug 13, 2019 01:38
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