pull down to refresh
21 sats \ 2 replies \ @Undisciplined OP 30 Oct \ parent \ on: Nine Months of Javier Milei as President of Argentina: A Critical Assessment Politics_And_Law
Here's the thing, if people who know what's really going on there don't do what you just did, we're going to remain ignorant of the situation. Why is this such a burden for you?
Access to reliable information about Argentina isn't easy to vet and most of our journalists are substantially less friendly towards Milei than this author.
I appreciate getting the story corrected from someone who has direct knowledge. Thanks.
Someone else also made the point about the "devaluation", but I still had a question about it. Was there any effect on local prices when the official devaluation occurred? Or, was it purely recognizing what the true exchange rate already was?
First months people "fear" of a dollar at 3000 pesos, so the rise prices according to that projection, of course it was wrong. No sells and the latest months they had to lower the prices.
The inflation numbers are a joke, for example, 1kg of yerba mate maybe it cost 1600 pesos, but... the supermarkets offers promotions like "The second one at 50% discount" or "Buy 3 and pay only 2", the price taken for inflation was 1600, not the real one xD, you need to talk with friends from Argentine to really understand the reality, the media is just too ignorant.
reply
That's really interesting. You're absolutely right about needing to learn this stuff from people who are there.
You definitely want to keep track of actual transaction prices for this kind of analysis.
reply