23Nov/1125
How Argentina’s economy bounced back
Greece is looking for a financial way forward as it's PM visits Germany. One country that has been through it all before is Argentina. The South American country became the biggest economy ever to go bust 9 years ago. Argentines are keenly aware of the similarities between the events taking place in their country and what is now happening in Greece: both countries deeply in debt, both with an uncompetitive economy. But Argentina managed to bounce back, with exports sky rocketing, a booming tourism industry based on a devalued currency. Al Jazeera's Lucia Newman reports from the capital Buenos Aires.
November 23rd, 2011 - 18:42
now in Argentina the 7.2 percent is poor, I think is better than in the crisis, wish it wuold be 0%
November 23rd, 2011 - 19:06
lo que abunda en arjentina es la droga y la prostitución! y por supuesto que es economia , pero subterranea, y al pais le puede pasar lo que le ha pasado a la seleccion arjentina de futbol – la inflan mucho y luego revienta.
Si escribi arjentina, porque los arjentos escriben México con j.
je je je je je..
November 23rd, 2011 - 19:26
@delatroy I could have doubled my money six times over in plenty of bubbles, all of which had been growing for “years and years”. Just because a market hasn’t popped yet doesn’t mean it’s not a bubble.
November 23rd, 2011 - 19:41
@VictimOfBoredom you are small minded. I don’t care what happens in a day a week or a month, I care about years and years. Either you’re trading or investing for the long term. If you bought 12 years ago.. you would have doubled your money six times over even with the recent correction. I would still buy gold today. You haven’t a fucking clue what you’re talking about. I’m sorry.
November 23rd, 2011 - 20:14
@delatroy *facepalm*
tinyurl (DOT) com/429nzwf
“Since Wednesday, amid intensifying fears about the eurozone debt crisis, the precious metal has tumbled as much as $270 an ounce to touch a low of $1,534.49 on Monday. After hitting a record high of $1,920 just three weeks ago, it has dropped 20 per cent.”
It really is funny how idiots on YouTube keep making bullshit claims, and they usually go uncorrected because most other people on YouTube are too uneducated to know better to correct them.
November 23rd, 2011 - 21:03
@VictimOfBoredom haha have you looked at a gold chart in the last 12 years?
November 23rd, 2011 - 21:54
90% of that ppl in those slums are inmigrants from Paraguay and Bolivia. The Argentines have government subsidies; homes, education and free health
November 23rd, 2011 - 21:58
@Svenmist Well my original point was that America isn’t experiencing inflation comparable to what Argentina experienced. I didn’t mention Argentina, because it was already in the post I was responding to. I suppose this was a misunderstanding, then.
November 23rd, 2011 - 22:37
@VictimOfBoredom
Never said it was, I was correcting your inflation statement, which you’ve acknowledged. Are you done here?
November 23rd, 2011 - 23:07
@Svenmist USA isn’t the new Argentina.
November 23rd, 2011 - 23:16
@VictimOfBoredom
Your statement stands corrected, GG.
November 23rd, 2011 - 23:59
@Svenmist It wasn’t a “course”. It was a full undergraduate program from one of the more reputable universities in the nation. Needless to say, I don’t have “future classes” to pay attention to because I graduated and have a B.A. in economics (and accounting).
Yes, the US dollar has consistently experienced gradually reduced purchasing power over the past century, but that is NOT the same phenomenon that made Argentina’s economy so notorious.
November 24th, 2011 - 00:50
@VictimOfBoredom
You need to go back to college and retake the course. Inflation in the past 2 years was about 6 percent, and it has been growing since 1913, I’m sure someone who has taken economics’s would know this, I suggest you pay more attention to your future classes so you can be aware of what you’re talking about.
November 24th, 2011 - 01:41
@Svenmist
If the US dollar is experiencing inflation, then clearly the euro is experiencing even more inflation, considering the US dollar has been appreciating against it for the past month, after a 2-month static period:
indexmundi (DOT) com/xrates/graph (DOT) aspx
Not to mention the Brazilian real, which lost as much as a quarter of its value against the US dollar over the past month.
Don’t bother trying to feed BS to an economics graduate.
November 24th, 2011 - 01:47
@VictimOfBoredom
Yes it is experiencing inflation, do you live inside a closed box?
November 24th, 2011 - 02:42
@delatroy The US isn’t experiencing inflation…
November 24th, 2011 - 02:50
@jamil316 Sorry, but no one takes illiterates seriously.
November 24th, 2011 - 03:31
@VictimOfBoredom Thats how i Spell it . i dont care how your white people spell it .
November 24th, 2011 - 04:02
@VictimOfBoredom no its ok. we will give them lots of love and attention
November 24th, 2011 - 04:46
Greece’s 45% of all working age population had single employer… Government… so many public servants that there wasn’t even enough work for them to do during their normal workday…
November 24th, 2011 - 05:24
Argentina’s Economic Collapse – Part 1 of 12
watch?v=rH6_i8zuffs
the collapse of argentina is a lesson in NWO machinations
November 24th, 2011 - 05:50
@VictimOfBoredom kill the males, keep the females
November 24th, 2011 - 06:15
What we must remember, Argentina’s recovery was largely aided by increased commodity exports, and increased value of commodities. Greece does not have the same good to export.
November 24th, 2011 - 06:36
USA is the new Argentina
November 24th, 2011 - 06:48
@jamil316 First learn how to spell “boycott”. Then, maybe someone will take you seriously.