I've been quite moderate on this blog. I have not posted rants against ISPs, mobile companies and other things to keep this place focused and peaceful. Also keeping a behavior shows respect to my blogroll and the company I work for.
From time to time events kill the "English Lord" that posts here and give way to the Viking in me. Let the villages burn.
I have posted before on the inflationary conditions in Argentina. I have also posted on how the government tweaks the figures. This has not changed, it has gotten worst.
One of the few things that can really upset me is being treated like an idiot. I might not be the smartest guy on the room, but I most certainly passed 3rd grade math. And it doesn't take a rocket scientist to figure out that when comparing the way my expenses go up and the figures the Government states aren't even on the same league. According to the government the expected increase on inflation is 9.8%; private analysts state it will be around 20%, my experience tells me they both fall short.
Some examples: Starting in December my rent will go up by 47%. No, I'm not moving to a larger flat or a fancier neighborhood; I'm staying at the same exact apartment. Need another example? For the past 7 months I've made the same monthly grocery store list (thanks to technology it is saved on my e-grocery account). Over that period it has increased 25%. 7 Months, out of 11 in the year.
So as if the inflation didn't already put enough stress into everybody's psyche, one has to cope with the lies. In our faces, every day, on every newspaper and every TV news program.
The side effects of the inflation are also quite scary. Argentina's current "boom" relies on the sole fact of a cheap currency opposed to the US dollar or the Euro. There haven't been any substantial investments in infrastructure, R&D or education for the country to be competitive for different reasons. As inflation increases, it puts pressure on salaries which detriment that unique competitive advantage. The risk resides on the government assuming that the only way out is to further depreciate the peso, which would, in turn yield more inflation.
I shall be pessimist; but I see no win in this situation. Either way it's going to be nasty, and I don't trust that those in charge (or soon to be in charge) are smart and bold enough to reverse the situation.
With some luck I'll be wrong and I'll have to eat my words. Let's hope that happens, my pride is not that big.