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No, Argentina is not heading in the right direction in that sense. The economic situation has worsened for the commoner, everything gets more expensive gradual
by ivanmontillam 4y ago
No, Argentina is not heading in the right direction in that sense.
The economic situation has worsened for the commoner, everything gets more expensive gradually. People have started making concessions on what to buy or not.
The government is not fixable at this point, because of the populist agenda (same as Venezuela, but less deadly).
> if anything Argentinians will benefit from this because there are fewer ways in which they can lose their money.
It turns out the easiest way to lose the money is to keep it sitting at an Argentinian bank. The devaluation is just too violent. If you want to track how to country is doing, please track the black market exchange rate (which is why I claim in my original comment as the true king of the market). Tracking the official exchange rate as you're probably are doing, is not an effective measure as it's seldom used for transactions.
For a practical example, see [0].
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[0]: https://news.ycombinator.com/item?id=33967480 https://news.ycombinator.com/item?id=33967480
- jacquesm 4y agoI didn't say 'is', I said 'was'.