/biz/ - Business & Finance

[Anonymous No.57745534]

Lets check in on how the new extremist dictator in Argentina is doing. Who knew that destroying your government would destroy the economy.

[Anonymous No.57745735]

>>57745534
Nice misleading thread, commie tard.

[Anonymous No.57745764]

>>57745534
I thought he was giving up on trying to stop inflation of Argentinian dollars and just switching to usd? disclaimer I'm retarded

[Anonymous No.57745842]

>>57745764
right now the USD to ARS exchange rate is in favor of Argentina, not the opposite. So switching to dollars would not be a very good idea

[Anonymous No.57745843]

>>57745534
Jewish controlled opposition president that retards vote in because they are bigger brains that do not understand the JQ and how democracy is Jewish shadow rule and everything is fake and gay theatre

[Anonymous No.57745867]

>>57745735
This.

[Anonymous No.57745870]

>>57745843
>I SAID CRY GOYIM. 6 MILLION. MCDONALDS

[Anonymous No.57745941]

>>57745534
How are they judging inflation in February... that's retarded. Anyway, inflation in 2023 was at 211%. However every economist has projected inflation will come down to at maximum 180% eoy

[Anonymous No.57745955]

>>57745941

[Anonymous No.57745996]

>>57745955
Inflation is caused by printing money, but it doesn't have an immediate effect. Almost all the inflation that is happening in Argentina is caused by money creation that happened in the previous government. Milei has not printed any new money

[Anonymous No.57746041]

>>57745735
>>57745867
Misleading how? Explain

[Anonymous No.57746092]

>>57745534
>lets use the free market peso valuation instead of our highly manipulated limited and arbitrary valuation of the peso
>oh look its worth less now
i hate when people dont fucking think for a second and just eat input without thinking for themselves

[Anonymous No.57746105]

>>57746092
>>57745842
not really

[Anonymous No.57746128]

>>57746041
The freshly new elected president couldn't undone 40 years of shitty policies and corruption in 2 weeks ? Oh the humanity !
I cried, I shit, I pissed and I cummed !

[Anonymous No.57746154]

>>57745534
If every argentinian bought BTC 6 months ago, they'll be ok.

[Anonymous No.57746210]

>>57746128
This is just a piss poor excuse. No one expected him to magically fix things overnight, but it should be trending in a positive direction instead of getting so much worse so quickly...

>inb4 it gets worse before it gets better just wait bros!!! He's only TEMPORARILY destroying the common man's worth and TEMPORARILY dismantling the middle class

[Anonymous No.57746234]

>>57746210
It is getting better. January's inflation was lower than december's, and february is lower than january. USD to ARS exchange rate getting better. First superavit in 12 years Everything is getting better

[Anonymous No.57746242]

>>57746234
He was elected in November, doofus

[Anonymous No.57746245]

What are you waiting for? This will outpace TUCKER and reach 100m soon.

Its only 1.5m market cap right now

>milei is already presidente
>he liked a tweet from the twitter account
>he is a degen like us and will probably talk about the token in one of his unhinged speeches

[Anonymous No.57746259]

>>57746242
He bebme president by mid december. Retard, you don't become inaugurarse right away. You know shit about argentina anyways, should not waste my time with such a retarded faggot

[Anonymous No.57746411]

>>57745534
Can I live like a king with $30k in argentina?

[Anonymous No.57746439]

>>57746242
inflation is measured on a year on year basis. You can't expect any results until like Jan 2025

[Anonymous No.57746493]

>>57746439
But the news source tells me otherwise. Why would they lie?

[Anonymous No.57746557]

>>57746411
Yeah pretty much.
Pay me 600 USD and I'll be your guide.

[Anonymous No.57746596]

>>57746439
Its measured per month and so far its above 20% per month in both december and january

[Anonymous No.57746616]

>>57746439
retard, the inflation rate for 2024 is calculated from last year, 200% mean it's 200% more expansive than it was in feb 2023

[Anonymous No.57746620]

>>57745843
This! Man it's like when I go into the woods and hear the trees talking to me. They tell me the secret plans the Jews have because the Jews don't know the trees are listening. All you gotta do is go into the woods and just listen man and you'll hear them trees tellin you the truth about the Jews.

[Anonymous No.57746621]

Argie here. I think Milei is a retarded overblown psycho but most of that number is from him cutting subsidies to almost everything, so bus tickets are like 5x, gas is around 3x, etc. It's not fair to just blame the number on him as he's doing to reduce public spending.

That said, I'm convinced he is a complete fucking retard and his government will be a failure that will only make the hardcore peronism stronger in the long run. Sigh.

>>57746411
2.5k USD monthly? yeah that's pretty good

[Anonymous No.57746686]

>>57746596
so did the guy pass any legislation yet?

>>57746616
that's literally what I said.

[Anonymous No.57746695]

>>57745534
I thought the Argentina flag was the Israeli flag in the preview pic. Wouldn't be surprised if this faggot updated it

[Anonymous No.57746709]

Why does he love jews?

[Anonymous No.57746720]

>>57746621
Callate loco espera a que se manijeen para que armen una Crypto Mileilada flasheando que es un mesías libertario y después les sacamos toda la guita vendiendo remeras con su cara

Bobo

>>57746686
Yeah milei is soo goood but we still pooor investing alfajor guaymayen and you'll get rich I promise

[Anonymous No.57746740]

When does the dollarization of the economy come into practice

[Anonymous No.57746795]

>>57746720
chupala

[Anonymous No.57746807]

>>57745996
>Milei has not printed any new money
He did tho, around 11 trillion pesos.

[Anonymous No.57746813]

>>57745843
>waaahhh
>and and and then the R*mans said we were banned from the city after we killed as many of them as we could
>WAAAAHHHHH

[Anonymous No.57746835]

>>57746620
>>57746813

[Anonymous No.57746841]

>>57746795
Ojalá algún día tengas tan poca guita como pocas neuronas tenés en el cerebro. Forro

[Anonymous No.57746843]

I don't care what he does what I like to see is butthurt commies. His very existence is an affront to their religion

[Anonymous No.57746851]

>>57745996
This. Money velocity obviously plays a big part but a general rule for economists is that it takes roughly 12 months from the moment the central bank initiates action until it's reflected in the inflation data. Which is why central banks keep interest rates high despite inflation coming down. If they fuck up by easing too early, inflation will keep soaring for an entire year

[Anonymous No.57746855]

>>57746041
Prices were extremely suppressed using subsidies by the last government, in order to stabilize the economy those subsidies had to be cut, when the subsidizes were cut prices jumped. Now that the government doesn't need to print money for those subsidies monetary inflation will fall.

It's not rocket science but leftists are way too dumb to understand even the most basic stuff.

[Anonymous No.57746862]

>>57745534
he's doing about as well as a libertarian can do

[Anonymous No.57746872]

>>57746843

[Anonymous No.57746928]

>>57746041
Inflation is calculated by comparing last year's prices to current years prices, so it would take more than a year into his presidency to see if any of his policies have an effect on inflation you massive fucking knob

[Anonymous No.57746953]

>>57746928
>Inflation is calculated by comparing last year's prices to current years prices, so it would take more than a year into his presidency to see if any of his policies have an effect on inflation you massive fucking knob
You can calculate it month to mont, in fact that has been how Argentina does it for longer than I can remember.

[Anonymous No.57746955]

>>57745842
Zoom out, idiot

[Anonymous No.57746980]

>>57746928
>most intelligent /biz/ poster

[Anonymous No.57747009]

>>57746041
Venezuela got rid of it's previous currency so it's not even remotely close.
Argentina is a bit worse than turkey in terms of currency value but they gave no exports to make up for the weak money.
This is why Japan and turkey are rich despite having lesser valued money.

[Anonymous No.57747026]

Prices don't rise because of inflation. Inflation was a term invented by capitalists to justify rising prices and price gouging. Once you understand this, of course when a hyper-capitalist extremist takes power "inflation" hits record levels.

[Anonymous No.57747063]

>>57746872

Ready to start the revolution when you are buddy.

[Anonymous No.57747079]

>>57746807
what for, to pay the remaining half of government employees? argentina's budget is in the black now

>>57747026
> prices don't rise because of inflation, they rise because prices are inflating
whoah, looks like we got a real EGGHEAD here

[Anonymous No.57747098]

>>57746807
he just created money to exchange it for US dollars and get more reserves, so basically it's not real emission because it's backed in foreign currency

[Anonymous No.57747111]

>>57746955
you don't need to zoom out, that graph starts when milei became president. You retards act like milei was president since 2019

[Anonymous No.57747452]

>>57746953
Yea that's not the month to month inflation for Argentina