Recent content by daveholman

Larry's Milei Derangement Syndrome gets worse with every good thing that happens.

As opposed to China? 😉

A US trade war with China will be a boon to Argentina and all of LATAM; their exports will be comparatively cheaper than China's. IOW if shoes made here are tariffed 10%, while shoes made in China have a 150% tariff, guess who sells more shoes? And Trump deliberately weakening the dollar is...

If only you had a clue what causes inflation. HINT: Too much money chasing too few goods. Milei first contracted the money supply. Inflation took a dive. It won't go back up based on the exchange rate. It will go back up if the central bank starts printing more money, or production drops. So...

This could be the start of something great for those of us earning in dollars

I'm sorry you can't find any of the dozen places I've gotten coffee for $3ish. Leaving a city you love rather than moderating your lifestyle doesn't seem logical, but that's just my opinion, I could be wrong.

If you're not embroiled in scandal, are you even the President of Argentina? When it comes to corruption, the current administration are pikers compared to the las GDP growth of 5-6% this year isn't a recession.

Who was it that said "There are 4 kinds of countries: developed countries, developing countries, Japan and Argentina"? I still think people underestimate the power of not printing money. It's the one thing no previous government here has tried.

Is the peso too high, right now? Yes. Removing the CEPO will devalue the peso vs the dollar. The question is whether that will kick off another round of hyperinflation. As long as the government keeps limiting the money supply, it shouldn't. If the peso can find it's true value and inflation...

The biggest driver of inflation is printing money. Which Argentina is not doing, currently. If they continue on that course, lifting the CEPO should only be mildly inflationary. That's the Austrian School theory, anyway.

The reason we compare to US prices is most of us earn in US dollars, and our alternative to living here is living there.

I have to say, given the number of dogs I see, the amount of poop on the streets is minimal. lol Maybe it varies by neighborhood, but most of the people around here carry bags and pick up after their dogs

I've found a little cafe where a cafe con leche and two medialunas is 4500. I've seen the same thing for 8000 a block away. Same with bottled water. The Jevi on my corner charges 900. Another store I went to charged 3000 for the same brand and size.

Pretty much as expected. Thanks to these forums, I was prepared for the downsides. Even with those, it's still a beautiful city. The parks, the cafes, everyone out walking their dogs, the architecture downtown...fabulous. And the weather has been great.