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If I'm guilty of giving anecdotes, (which I am, and you call tell this when I prefixed my statement: If you want an anecdote,...), you're guilty of reading the
by aunty_helen 5y ago
If I'm guilty of giving anecdotes, (which I am, and you call tell this when I prefixed my statement: If you want an anecdote,...), you're guilty of reading the news but not knowing what you're talking about.
Please, tell me about all these electronic shortages that are affecting car production in the country I live where the cars... don't have these electronics. You want the high spec model with a 4 inch color screen?
Once again, I'm at a major advantage in this situation, having been in all of these countries and experienced it first hand. Using these currencies, buying products in these countries, experiencing inflation.
Unfortunately, you wouldn't know how accurate your chart is. I was in Argentina, currency charts were showing 49 pesos to USD, blue rate went from 60 to 90 in a month. The offical chart hardly moved. Go and find a chart of the blue rate in Argentina (tip: it doesn't exist, well it does, but then take that to one of the guys in the street yelling cambio cambio and see if he will honor it)
To satisfy your previous question, what is an unstable currency, I would argue that over any period of time, if a currency devalues continuously in relation to other major currencies then it is unstable. That is, if you look at a chart over 1 year, 5 years 10 years, there's only ever an upward trend vs the USD, that currency is unstable. Welcome to South America.
Since, you've said these countries have stable currencies, I would love for you to explain to me your definition of a stable currency, that isn't "falsafiable" by the first chart that I will pull up on my phone.
Another point, hyperinflation, 50% devaluation per month, technically hasn't occurred in Argentina.
If you're willing to take a bet, just let me know, otherwise thanks for telling me about what's going on in the country I live, using info from the charts you haven't provided but I already read, all whilst having never been here or experienced it yourself.
- stickfigure 5y ago> Another point, hyperinflation, 50% devaluation per month, technically hasn't occurred in Argentina. Man oh man, the fact that you had to throw in the word "technically" speaks volumes.
- aunty_helen 5y agoBrother oh brother, if I could downvote you for a substanceless comment that adds nothing to the discussion I would. Technically, practically, literally, hyperinflation has never been reached by Argentina. Their economy is in bad shape. But it won't go down in the record books like countries that have experienced hyperinflation. So gp adding in keywords to look like he knows what he's talking about but being a scale of magnitude off doesn't help his point. Edit: Let me spell it out like this as I know sometimes my comments can be abrasive but I enjoy that style... so ok. My partner walked across a land border and stayed illegally in this country because of hyperinflation. No body from Argentina is walking to Uruguay or Chile because they have to pay more and their employers are paying them more. A scale of magnitude affects people where they leave their lives, families, pets, houses, jobs and _walk_ to find a better situation.
- travisjungroth 5y agoI don’t think providing anecdotes is something to be “guilty” of. I just think your anecdotes don’t support your claims. I would be very interested in them if they did. Every car made today uses computer chips, not just ones with screens. https://m.motor.com.co/revista-motor/actualidad/industria/escasez-microchips-covid19-automovil/37373 https://m.motor.com.co/revista-motor/actualidad/industria/es... I don’t know why you think I haven’t been to any of these countries. I recently spent two years living in Colombia, Mexico and Peru. That’s an odd definition of unstable and none of these currencies meet it. All of them have periods where they go up against USD. I’d say ten years with less than 10% inflation is stable. I don’t care if hyperinflation hasn’t “technically” happened. I have a source that told me how much worse it is than what’s reported. I don’t seem to be able to convince you about anything, but at least anyone who reads this thread will be inclined to doubt what you’re saying.
- aunty_helen 5y agoIt does seem like we’re at loggerheads. Thank you for the conversation though. > I recently spent two years living in Colombia, Mexico and Peru. And thank you for this, it actually reminded me that tomorrow, 29th Jan, will be 2 years since I flew out of BsAs and into Colombia. Brindare por ti mañana con un aguila. Salud