Argentina
-
Hello.. I'm just curious about how many of you are aware of the current situation in Argentina, today was an important day, the president (De la rua) and the minister of economy (Cavallo. I've no idea how to translate to english his position) resigned. Andres Manggini. Buenos Aires - Argentina.
-
Hello.. I'm just curious about how many of you are aware of the current situation in Argentina, today was an important day, the president (De la rua) and the minister of economy (Cavallo. I've no idea how to translate to english his position) resigned. Andres Manggini. Buenos Aires - Argentina.
Yes its trully Sad ! A whooping $132 billion in debt, What way out is there for you guys ? Are the Peronists an sort of fair alternative ? Also from what I have read it seems to be localized to B.A Is that correct ? Regardz Colin J Davies
Sonork ID 100.9197:Colin
I live in Bob's HungOut now
Colin is a big fan of William Goldberg and Frank Tipler and of course Billy Connerly
-
Yes its trully Sad ! A whooping $132 billion in debt, What way out is there for you guys ? Are the Peronists an sort of fair alternative ? Also from what I have read it seems to be localized to B.A Is that correct ? Regardz Colin J Davies
Sonork ID 100.9197:Colin
I live in Bob's HungOut now
Colin is a big fan of William Goldberg and Frank Tipler and of course Billy Connerly
I think devaluation is the next step (no more 1 peso = 1 dollar), and with this most likely cease on the payment of the external debt for 2 years or so.. I think it's called 'Default' when you don't pay. the protest today it was not only against the current political staff (the Alianza -wich are Radicales most of them-), but against a political ideology, where the social aspect has a low priority. so Peronists are not the answer niether, I don't know what is going to happen, i guess some alternative should be think over, of course always maintaining a democracy. The biggest protest was in Buenos Aires (but also in the important provinces. ), cause is the capital, and the most important political representations are here (like the president and the pink house) Andres Manggini. Buenos Aires - Argentina.
-
Hello.. I'm just curious about how many of you are aware of the current situation in Argentina, today was an important day, the president (De la rua) and the minister of economy (Cavallo. I've no idea how to translate to english his position) resigned. Andres Manggini. Buenos Aires - Argentina.
All too aware I'm afraid. We in South Africa are currently experiencing a MAJOR devaluation of our currency. The Rand has dropped from about R8.00/$1 to R13.50/$1 this year alone. And today it is going to plummet. X| X| X| The crisis in Argentina is hurting us too. Simon "...Bill is watching..." "An object is simply a referenced thingy" ... Programming Perl, by Larry Wall
-
I think devaluation is the next step (no more 1 peso = 1 dollar), and with this most likely cease on the payment of the external debt for 2 years or so.. I think it's called 'Default' when you don't pay. the protest today it was not only against the current political staff (the Alianza -wich are Radicales most of them-), but against a political ideology, where the social aspect has a low priority. so Peronists are not the answer niether, I don't know what is going to happen, i guess some alternative should be think over, of course always maintaining a democracy. The biggest protest was in Buenos Aires (but also in the important provinces. ), cause is the capital, and the most important political representations are here (like the president and the pink house) Andres Manggini. Buenos Aires - Argentina.
Nice to get some inside info, The News Media only gives the Bad Highlights. As an outside observer the Peronosts seem to live on pure popularity. The idea of one peso = one dollar was copied by Brazil with the Real, But they relaxed it. Do you think Argentina should have done the same ? Regardz Colin J Davies
Sonork ID 100.9197:Colin
I live in Bob's HungOut now
Colin is a big fan of William Goldberg and Frank Tipler and of course Billy Connerly
-
Hello.. I'm just curious about how many of you are aware of the current situation in Argentina, today was an important day, the president (De la rua) and the minister of economy (Cavallo. I've no idea how to translate to english his position) resigned. Andres Manggini. Buenos Aires - Argentina.
Living in SA we are keeping a close watch on Argentina. Unfortunatley your problems directly affect world perceptions of developing nations (or "emerging markets"). Since we are also an emerging market any bad perception cast by any other emerging market affects our economy rather drastically (our currency has dropped 45% in the last two years, over 15% in the last three months.) Naturally if we cast bad perceptions then we can affect Argentinas market. However right now Argentina is in a far worse state. I sincerely hope Argentina comes right, for both it's sake and ours. regards, Paul Watson Bluegrass Cape Town, South Africa Do you Sonork? I do! 100.9903 Stormfront "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge
-
All too aware I'm afraid. We in South Africa are currently experiencing a MAJOR devaluation of our currency. The Rand has dropped from about R8.00/$1 to R13.50/$1 this year alone. And today it is going to plummet. X| X| X| The crisis in Argentina is hurting us too. Simon "...Bill is watching..." "An object is simply a referenced thingy" ... Programming Perl, by Larry Wall
Our team from London came down the other day and yesterday during just lunch the Rand fell by a whole 1 rand to the pound. They joked that at the beginning of lunch they thought the price was expensive but by the end of lunch it was cheap. X| X| X| Sad but true. Another sad thing is that we all got a 50 pound note. Now in London that would be a rather funny gift as it does not buy much. But when you convert it down here you realise it is worth 1000 rand. Not an amount to sneeze at! Saying all this though the pound/rand rate is doing our business very well. All our sales are in London and development back here. Just one small project pays for my salary for the whole year. So that is good. But things are going to get damned expensive for us next year when inflation hits the shops :| But Simon, I think also that our leaders need to stop blaming other countries for our problems. Frankly, while Argentina does naturally have some affect on our currency, I don't see how all our woes can be caused by other countries alone. There are serious problems in our own borders which need to be fixed. regards, Paul Watson Bluegrass Cape Town, South Africa Do you Sonork? I do! 100.9903 Stormfront "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge
-
Our team from London came down the other day and yesterday during just lunch the Rand fell by a whole 1 rand to the pound. They joked that at the beginning of lunch they thought the price was expensive but by the end of lunch it was cheap. X| X| X| Sad but true. Another sad thing is that we all got a 50 pound note. Now in London that would be a rather funny gift as it does not buy much. But when you convert it down here you realise it is worth 1000 rand. Not an amount to sneeze at! Saying all this though the pound/rand rate is doing our business very well. All our sales are in London and development back here. Just one small project pays for my salary for the whole year. So that is good. But things are going to get damned expensive for us next year when inflation hits the shops :| But Simon, I think also that our leaders need to stop blaming other countries for our problems. Frankly, while Argentina does naturally have some affect on our currency, I don't see how all our woes can be caused by other countries alone. There are serious problems in our own borders which need to be fixed. regards, Paul Watson Bluegrass Cape Town, South Africa Do you Sonork? I do! 100.9903 Stormfront "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge
-
Hello.. I'm just curious about how many of you are aware of the current situation in Argentina, today was an important day, the president (De la rua) and the minister of economy (Cavallo. I've no idea how to translate to english his position) resigned. Andres Manggini. Buenos Aires - Argentina.
Living in Brazil keeps us very concerned about what's happening on Argentina. Not that we like them (basically brazilians love everyone in the world, except if they live in Argentina), but we can't live without them. Our economy is strongly tied to theirs; we have an important economic deal named 'MERCOSUL' that increases business from both countries. So, since their economy went down, it has been affecting our industries too. Our economy has been shaken strongly in the past two years but is still growing and has not fall a single month. It's a good sign and I think, a good moment to buy stock shares. Our country is politically stable, although we have a lot of corrupted politics. And I mean A LOT! Being selfish, the most concerning thing to me is that our currency exchange rate to dollars went from 1/1 to 1/2,30. This doubled every price of memory, hd, monitors, and so on. This has been raising our costs without a significant raising our income (TI men/hour rates are raising, but more slowly). Crivo Automated Credit Assessment
-
Nice to get some inside info, The News Media only gives the Bad Highlights. As an outside observer the Peronosts seem to live on pure popularity. The idea of one peso = one dollar was copied by Brazil with the Real, But they relaxed it. Do you think Argentina should have done the same ? Regardz Colin J Davies
Sonork ID 100.9197:Colin
I live in Bob's HungOut now
Colin is a big fan of William Goldberg and Frank Tipler and of course Billy Connerly
I don't understand much of economy, but the idea of convertibility sound great in the past, i whink the cost to maintain it in the last couple of years was terrible. There was a moment were 'Dolarization' was a possibility, but now the only chance is Devaluation (the central bank does not have enough dollars to exchange for pesos something arround 3.5b of dollars against more than 9b of pesos in the streets). cya, Andres Manggini. Buenos Aires - Argentina.