Price Freezes In Argentina

[Burke]

Argentines should be getting ready for shortages, the inevitable result of price freezes. In this case, food shortages.

"BUENOS AIRES, Argentina (AP) - Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation."

http://wap.myfoxny.com/w/main/story/84249875/

Just a matter of time until we see this kind of crap here.

From QE to shortages to riots in the streets.

Police state measures will lead to even more police state measures.

[Dreamliner]

Their Presidente is just awful.

[gatorman_07732]

Originally Posted by Dreamliner

Their Presidente is just awful.

Well it is just a continuation of her husbands politics. She loves to cozy up to the communists for sure. I've been speaking with people from Buenos Aires that are looking to get out

[Dreamliner]

Interestingly, lots and lots of Americans live in Buenos Aires and love it. I think because it's so cheap.

[gatorman_07732]

Originally Posted by Dreamliner

Interestingly, lots and lots of Americans live in Buenos Aires and love it. I think because it's so cheap.

Naw, and the salaries suck

[gatorev12]

It really is laughable irony that a country as blessed with fertile agricultural land and can grow pretty much anything they want suffers from price shocks this much.

Argentina is one of the world's largest cattle/dairy producing nations and in the top 10 in wheat production too. Simply no excuse for them to be suffering from such price shocks outside of abject political incompetence--something they've struggled with as a nation for nearly a century.

Really deserves mention: at the turn of the 1900s, Argentina was the 8th richest nation in the world--behind only a few European countries and not far behind the US. Poor leadership and economic choices leads to a country's decline.

[T3goalie]

Originally Posted by Burke

Argentines should be getting ready for shortages, the inevitable result of price freezes. In this case, food shortages.

No Doubt!

[reformedgator]

Originally Posted by gatorev12

It really is laughable irony that a country as blessed with fertile agricultural land and can grow pretty much anything they want suffers from price shocks this much.

Argentina is one of the world's largest cattle/dairy producing nations and in the top 10 in wheat production too. Simply no excuse for them to be suffering from such price shocks outside of abject political incompetence--something they've struggled with as a nation for nearly a century.

Really deserves mention: at the turn of the 1900s, Argentina was the 8th richest nation in the world--behind only a few European countries and not far behind the US. Poor leadership and economic choices leads to a country's decline.

We're beginning to know what that looks like.

[corpgator]

Inflation is out of control there. 20-25% per year. They've had price freezes for a while, though. Not on everything, but milk, meat, etc, have had price ceilings.

[Gatorrick22]

Originally Posted by Dreamliner

Their Presidente is just awful.

He's just like our Presidente.