It would be interesting to see how a PP did in Argentina. I know both stocks and gold zoomed in response to the high inflation.Argentina's voters have set the stage for a presidential run-off next month after a surprise first round on Sunday in which Daniel Scioli of the ruling Peronist coalition was denied an outright victory. Preliminary results showed both he and Buenos Aires mayor, Mauricio Macri, were neck and neck with 35% of the vote. Any winner will have to deal with the difficult economic legacy of Cristina Fernandez, who with Nestor Kirchner, her late husband and predecessor, ruled Argentina for the past 12 years. That legacy includes slowing GDP and one of the highest inflation rates in the world.
Argentina Near the Bottom?
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MachineGhost
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Argentina Near the Bottom?
I guess populist rhetoric and handouts only last so long before the REALITY of the situation hits you smack in the face.
Last edited by MachineGhost on Mon Oct 26, 2015 11:42 am, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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dualstow
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Re: Argentina Near the Bottom?
An Argentine-born friend wrote me this morning to ask if I'd heard about the election tie. Hilarious.
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Re: Argentina Near the Bottom?
Argentina will always be screwed. Culturally they are just too broken and corrupt to be taken seriously long-term. They really love leftist ideas and worshipping Eva Peron's carcass.
Play the economy for short-term gains if you feel adventurous, but other than that stay the hell away from Argentina.
Play the economy for short-term gains if you feel adventurous, but other than that stay the hell away from Argentina.
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MachineGhost
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Re: Argentina Near the Bottom?
You rather bet on France????craigr wrote: Argentina will always be screwed. Culturally they are just too broken and corrupt to be taken seriously long-term. They really love leftist ideas and worshipping Eva Peron's carcass.
Play the economy for short-term gains if you feel adventurous, but other than that stay the hell away from Argentina.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Argentina Near the Bottom?
Yes. The French aren't deliberate deadbeats. Argentines are.MachineGhost wrote:You rather bet on France????craigr wrote: Argentina will always be screwed. Culturally they are just too broken and corrupt to be taken seriously long-term. They really love leftist ideas and worshipping Eva Peron's carcass.
Play the economy for short-term gains if you feel adventurous, but other than that stay the hell away from Argentina.
Argentina emulates Spain because it was founded by Spain. Argentina is in no danger of turning into France, but is very likely to act like Spain in terms of repeated defaults and corruption from now until eternity.
I consider heavily investing in Argentina the same as heavily investing in Spain. Similar cultures and similar problems.
Last edited by craigr on Mon Oct 26, 2015 5:47 pm, edited 1 time in total.
Re: Argentina Near the Bottom?
Populist rhetoric and handouts? Are you sure that you're not talking about the USA?
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MachineGhost
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Re: Argentina Near the Bottom?
With you miserly, Scrooge Republicans taking the opposite side, not at all!Reub wrote: Populist rhetoric and handouts? Are you sure that you're not talking about the USA?
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!