tag:blogger.com,1999:blog-6616959642391988608.post3210741002484315979..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Argentina, the land of deja-vu all over againScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6616959642391988608.post-71384226002430013252012-03-30T07:25:29.294-07:002012-03-30T07:25:29.294-07:00A series that covers the value of the unofficial (...A series that covers the value of the unofficial (black market) peso exchange can be found on Bloomberg: .IMPARS G Index<br /><br />The unofficial rate diverged from the official rate last October when the government began imposing exchange controls.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80285578872542967172012-03-29T12:30:40.090-07:002012-03-29T12:30:40.090-07:00I am writing you from Argentina, and I want to say...I am writing you from Argentina, and I want to say that you are totally wright.<br />We fall in the same mistake over and over again.<br />It seems to be impossible to change the mental illness of the politicians and almost the mayority of the population in this ex-country.<br />I cannot be optimistic with 90% of the people thinking the same way.depre foreverhttps://www.blogger.com/profile/16211913932813126732noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21985467574122825252012-03-28T22:22:19.600-07:002012-03-28T22:22:19.600-07:00When I said once the corrupt liberal patronage pow...When I said once the corrupt liberal patronage power structure reaches critical mass it cannot be undone, I didn’t mean democrats. I meant the blue model like Walter Russell Meade talks about it. It is way more developed in Argentina and other countries than in the U.S. Except California.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-1054342210181855292012-03-28T19:30:34.558-07:002012-03-28T19:30:34.558-07:00PD-
The DJIA closed at 9319 on Nov. 3 2008. That ...PD-<br /><br />The DJIA closed at 9319 on Nov. 3 2008. That was a close election, and no one knew who would win House, Senate or WH. <br /><br />Now we are 13k or so. So we are up up 40 percent on Obama's watch.<br /><br />We dropped about that much after nearly 8 years of GOP-dominated DC. We were also stuck in two interminable wars, and our financial system had collapsed and even GM was Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71331109911582793472012-03-28T16:45:30.297-07:002012-03-28T16:45:30.297-07:00Scott,
Thanks for the update.
Looking forward to...Scott,<br /><br />Thanks for the update.<br /><br />Looking forward to hearing about your trip. <br /><br />Do include some pictures. The government cannot screw-up the scenery too much!PD Dennisonhttps://www.blogger.com/profile/10012560806774461700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14147584778641477452012-03-28T11:23:16.537-07:002012-03-28T11:23:16.537-07:00Squire:
Or rural subsidies---go to The Tax Founda...Squire:<br /><br />Or rural subsidies---go to The Tax Foundation. The most heavily subsided states in the union are rural states, sometimes getting back as much as $1.50 or more for every dollar sent to DC. A state like KY (Senator Mitchell and young Paul are Senators) gets about $4,000 in net subsidies for every man, woman and child in the state. They float on top of federal lard. <br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6932225238891950852012-03-28T10:18:51.375-07:002012-03-28T10:18:51.375-07:00One the corrupt liberal patronage system reaches c...One the corrupt liberal patronage system reaches critical mass, like in California, you cannot undo it.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77408647945902080812012-03-28T09:26:37.600-07:002012-03-28T09:26:37.600-07:00Repeat errors of the past?
Why does the USA repea...Repeat errors of the past?<br /><br />Why does the USA repeatedly invade and then enter into long-term occupations of whole nations, events that yield meagre fruit at fantastic expense? <br /><br />Why does Japan maintain the strongest currency in the West, resulting in the weakest economy in the West (below socialist statist Italy, Netherlands France etc) for more than 20 years? <br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87257018216071891012012-03-28T08:09:37.687-07:002012-03-28T08:09:37.687-07:00Donny: You are absolutely right, and most Argentin...Donny: You are absolutely right, and most Argentines would agree with you. Why they continue to repeat the errors of the past is one of the great mysteries of Argentina.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54658972117226055772012-03-28T08:08:40.646-07:002012-03-28T08:08:40.646-07:00Matias: I'm not aware of a series for this. Th...Matias: I'm not aware of a series for this. The peso black market comes and goes, and has only been active for the past several months.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30999402248182810402012-03-28T08:05:57.357-07:002012-03-28T08:05:57.357-07:00Scott-
At the risk of being insensitive to needles...Scott-<br />At the risk of being insensitive to needless suffering, which I am not, Argentines get the government they deserve. It is hard to sympathize when they consistently return Peronist buffoons to office. I'm afraid Argentina is doomed to suffer the consequences of their own bad collective judgement.Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73812210136366623192012-03-28T07:57:49.019-07:002012-03-28T07:57:49.019-07:00Great article Scott!
Given the fact that they are ...Great article Scott!<br />Given the fact that they are not only meddling with the CPI but also now with the exchange rate... do you know if there is a series of the unofficial peso-dollar rate?<br /><br />It would be interesting to graph the two different real value of the currencies.<br />The totally fictious "INDEC CDI+BCRA ARS/USD" and the real "PriceStats+BlueChipARS/USD"<M. Vivaldihttps://www.blogger.com/profile/13597812859293852818noreply@blogger.com