Consumption plunges in Argentina

[Harpy Eagle]

Consumption plunges in Argentina despite Milei's optimism

Consumption in Argentina has dropped below the pandemic and 2001 levels as the South American country's economy continues its erratic behavior under Libertarian President Javier Milei, whose administration depicts a different scenario. A survey conducted by the pollsters Scentia showed the loss...

en.mercopress.com

The decline in consumption spans all categories: food, breakfast and snacks, hygiene, and cosmetics have experienced drops of 9.6%, 12.6%, and 20.9%, respectively. Beverages, both alcoholic and non-alcoholic, are down 25.2% and 23.7%.

Not good news for Milei or Argentina.

 

[JGalt]

Consumption plunges in Argentina despite Milei's optimism

Consumption in Argentina has dropped below the pandemic and 2001 levels as the South American country's economy continues its erratic behavior under Libertarian President Javier Milei, whose administration depicts a different scenario. A survey conducted by the pollsters Scentia showed the loss...

en.mercopress.com

The decline in consumption spans all categories: food, breakfast and snacks, hygiene, and cosmetics have experienced drops of 9.6%, 12.6%, and 20.9%, respectively. Beverages, both alcoholic and non-alcoholic, are down 25.2% and 23.7%.

Not good news for Milei or Argentina.

Nowhere near as bad as it was...

As for your source:

 

[Harpy Eagle]

Nowhere near as bad as it was...

Yes, inflation is down as is consumption. The former is good, the latter is bad.

Oh, and thanks for showing my source is pretty damn neutral compared to most media sources

 

[JGalt]

Yes, inflation is down as is consumption. The former is good, the latter is bad.

Oh, and thanks for showing my source is pretty damn neutral compared to most media sources

You only believe Merco Press is "neutral" because I didn't make a screen cap of this part.

MercoPress - Bias and Credibility

Merco Press is based in Uruguay, BTW.

 

[Harpy Eagle]

You only believe Merco Press is "neutral" because I didn't make a screen cap of this part.

MercoPress - Bias and Credibility

Merco Press is based in Uruguay, BTW.

View attachment 998508

Seems better than your favorite source...

 

[Harpy Eagle]

You only believe Merco Press is "neutral" because I didn't make a screen cap of this part.

MercoPress - Bias and Credibility

Merco Press is based in Uruguay, BTW.

View attachment 998508

Here are some more sources talking about the same thing.

Do you wish to attack them or talk about the topic of the thread.

https://www.reuters.com/markets/argentina-economic-activity-seen-plunging-6-february-2024-04-22/

Bloomberg - Are you a robot?

Argentina: clothing and footwear consumption falls by 27%

The clothing and footwear sectors recorded a 27% year-on-year decline in the first five months of the year, according to the Argentine Chamber of Commerce and Services

www.worldfootwear.com

Sales down 3.5% in February as consumption continues to fall

Data supplied by the CAC Chamber of Commerce and services exposes continuing fall in consumer spending.

www.batimes.com.ar

 

[JGalt]

Seems better than your favorite source...

View attachment 998510

View attachment 998511

Never watched OAN. Are they still in business?

 

[Harpy Eagle]

Never watched OAN. Are they still in business?

So, what sources do you use that are less biased than the one I am using?

 

[JGalt]

Here are some more sources talking about the same thing.

Do you wish to attack them or talk about the topic of the thread.

https://www.reuters.com/markets/argentina-economic-activity-seen-plunging-6-february-2024-04-22/

Bloomberg - Are you a robot?

Argentina: clothing and footwear consumption falls by 27%

The clothing and footwear sectors recorded a 27% year-on-year decline in the first five months of the year, according to the Argentine Chamber of Commerce and Services

www.worldfootwear.com

Sales down 3.5% in February as consumption continues to fall

Data supplied by the CAC Chamber of Commerce and services exposes continuing fall in consumer spending.

www.batimes.com.ar

From the first link:

"It should be noted that there are still difficulties with imports due to internal and external causes, as well as the debt accumulated by Argentine importers."

From the second link:

"Cutback on subsidies in real terms, along with the impact of adjustment from collective bargaining talks that are outpaced by inflation, have heavily affected spending by families."

Well duhh, there's the problem: A cutback in subsidies. Of course things are going to be tough when a country breaks free of socialism. When people are so used to a government giving them free shit, it's always going to take time to adjust.

 

[CrusaderFrank]

Consumption plunges in Argentina despite Milei's optimism

Consumption in Argentina has dropped below the pandemic and 2001 levels as the South American country's economy continues its erratic behavior under Libertarian President Javier Milei, whose administration depicts a different scenario. A survey conducted by the pollsters Scentia showed the loss...

en.mercopress.com

The decline in consumption spans all categories: food, breakfast and snacks, hygiene, and cosmetics have experienced drops of 9.6%, 12.6%, and 20.9%, respectively. Beverages, both alcoholic and non-alcoholic, are down 25.2% and 23.7%.

Not good news for Milei or Argentina.

Are you saying Argentina longs for 200% inflation pre Milei?

 

[Harpy Eagle]

From the first link:

"It should be noted that there are still difficulties with imports due to internal and external causes, as well as the debt accumulated by Argentine importers."

From the second link:

"Cutback on subsidies in real terms, along with the impact of adjustment from collective bargaining talks that are outpaced by inflation, have heavily affected spending by families."

Well duhh, there's the problem: A cutback in subsidies. Of course things are going to be tough when a country breaks free of socialism. When people are so used to a government giving them free shit, it's always going to take time to adjust.

See, that was not so hard. Why could you not have done that to begin with instead of the stupid attacking the source?

 

[Harpy Eagle]

Are you saying Argentina longs for 200% inflation pre Milei?

Nope, I am merely presenting the facts....and damn if that does not trigger the every living fuck out of you people.

 

[Moonglow]

Nowhere near as bad as it was...

View attachment 998506

As for your source:

View attachment 998505

Blame it on Biden.

 

[CrusaderFrank]

Nope, I am merely presenting the facts....and damn if that does not trigger the every living fuck out of you people.

Progressives not giving a fuck about 200% inflation triggers sane people

 

[Moonglow]

From the first link:

"It should be noted that there are still difficulties with imports due to internal and external causes, as well as the debt accumulated by Argentine importers."

From the second link:

"Cutback on subsidies in real terms, along with the impact of adjustment from collective bargaining talks that are outpaced by inflation, have heavily affected spending by families."

Well duhh, there's the problem: A cutback in subsidies. Of course things are going to be tough when a country breaks free of socialism. When people are so used to a government giving them free shit, it's always going to take time to adjust.

That is not socialism anymore than giving money and tax credits to farmers.

 

[CrusaderFrank]

There’s no nice way to unwind the horrific damage inflicted on a populace by a malevolent government.

Same will happen in America, bank failures and deflationary depression coming soon

 

[Harpy Eagle]

There’s no nice way to unwind the horrific damage inflicted on a populace by a malevolent government.

Same will happen in America, bank failures and deflationary depression coming soon

More wishful thinking.

 

[Moonglow]

There’s no nice way to unwind the horrific damage inflicted on a populace by a malevolent government.

Same will happen in America, bank failures and deflationary depression coming soon

Oh, like it used to be before the creation of the Federal Reserve Banking system.

 

[Moonglow]

More wishful thinking.

These guys see nothing but doom and gloom when Trump is not in power.

 

[CrusaderFrank]

Oh, like it used to be before the creation of the Federal Reserve Banking system.

Have you noticed what’s happened to the value of the US dollar since the creation of the Fed?