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MortyandRick

Senior Member
Registered Member
RedBaron said:
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BUENOS AIRES, Argentina (AP) — Argentina’s inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis.

Argentina’s statistics agency on Tuesday reported October’s number. In September, inflation was 3.5%.

On an annual basis, inflation in October was 193% compared to 209% reported in September.

Milei has trumpeted falling prices in recent months as a victory in his fight against Argentina’s worst economic crisis in over two decades.

The government has promised to reduce inflation below 3% before the end of the year, something it finally did.

When he took office in December, monthly inflation surged to 25%, and despite it having gone down since, ordinary people struggle in their daily lives as the government imposed a radical economic overhaul, including the elimination of previous generous energy subsidies.
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So it seems like he made inflation lower.... Mainly be making people a lot poorer..... Awsome! Job well done! Now he can claim he accomplished something.
 
S

sheogorath

Major
Registered Member
Bellum_Romanum said:
Look at the moves they have made in Argentina - stopped China's further inroads in the country. Managed to somehow influence Brazil not to allow Venezuela as part of BRICS ( I don't know if Lula regretted his decision, since he like most idiots thought that heir Trump could never be voted back again) and the recent attempted assassination to Evo Morales of Bolivia.
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In this case, I agree with Lula in not letting Venezuela into the BRICS. It is a trojan horse at this point, a time bomb and a black hole of funding. Watch them acquiesce to Trump in all but rethoric in exchange for easing some of the sanctions and letting Chevron keep operating in the country, as they are the main source of foreing currency in the economy right now.
 
Sardaukar20

Sardaukar20

Captain
Registered Member
RedBaron said:
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BUENOS AIRES, Argentina (AP) — Argentina’s inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis.

Argentina’s statistics agency on Tuesday reported October’s number. In September, inflation was 3.5%.

On an annual basis, inflation in October was 193% compared to 209% reported in September.

Milei has trumpeted falling prices in recent months as a victory in his fight against Argentina’s worst economic crisis in over two decades.

The government has promised to reduce inflation below 3% before the end of the year, something it finally did.

When he took office in December, monthly inflation surged to 25%, and despite it having gone down since, ordinary people struggle in their daily lives as the government imposed a radical economic overhaul, including the elimination of previous generous energy subsidies.
Click to expand...
When you're near rock bottom, there isn't much distance left to fall.

Usually with macroeconomics, it takes awhile before the pain kicks in.
 
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