I think if you read my post again and consider what I wrote
by airborneirish (2024-01-18 15:45:52)
Edited on 2024-01-18 15:57:13

In reply to: Never thought I'd see someone defending Javier Milei  posted by ravenium

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You would understand that the burden of proof is on you and not me. I'm not the one claiming a guy who was a professor of macroeconomics and was hired as the chief economist of HSBC argentina is a moron. Certainly I am not the one saying this man doesn't understand economics. You are. Good luck.

EDIT: I should also note that posters here have a really weird tendancy to see opponents as stupid / moronic / etc. I was pilloried for saying that Trump clearly has some kind of genius given his success on twitter, marketing, etc.

I tend to try and figure out the strengths of opponents / others as well as weakenesses. That "moron" you keep posting about with so much vitriol got elected President and just dressed down the WEF live ... on the internet.

Not for nothing but he has something figured out...



You seemed to be suggesting that I was dismissing BI
by ravenium  (2024-01-18 16:22:20)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

Which horrified me at first as I wouldn't dare even set foot into most of his realms of expertise. I even got a bit of a chuckle over his "if your CEO is at Davos, consider selling" comment as that sort of hits home. It'd be like if someone tried to tell me how security and privacy work.

Not for nothing but we perhaps have different definitions of "moron" and "genius".

I have a hard time considering Trump a "genius" at anything as I think he lucked into things by having considerable resources, people who felt they could feed off him, and people who needed something from him. Almost every single business the guy started has failed, yet somehow he personally has not been affected.

Maybe "shrewd" is better? He knows how to keep attention on him, he knows how to manipulate levers and escape consequences for his actions?

As for Milei, I will walk back "moron" under the definition of someone as being stupid. He is clearly not a stupid man. He is bombastic and really fucking weird, and he has some very bad opinions, such as thinking Trump was the best president ever and that climate change isn't real.

I am not qualified to tell you if his economic opinions will work, but they've been described as "untested" and he seems to really like to mock other economists, and I am naturally skeptical of someone who is that sure of themselves.

I think he was elected because the outgoing regime was truly awful and had no answers for what was occurring, so the populace soundly rejected that.

Time will tell and I hope for the best.

Speaking of words and meanings, "dressing down"? You won't find any positive words from me for the Davos set, but I find his "man of the people" schtick to ring false.
I wish them the best, but I am not sanguine.
by BeijingIrish  (2024-01-18 17:48:48)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

But not because of Milei. Rather, it seems to me that Argentina is hobbled by a deep, pervasive sickness that was conveyed across the South Atlantic by the Italian immigrants destined to become part of the country’s largest ethnic group. “Let’s see if we can do worse than we did in Libya.” Il tocco di Mida—in retromarcia.

Nine defaults, which includes 3 over the last 2 decades
by DBCooper  (2024-01-18 18:12:31)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

Will do that.

It is weird that a country that seems to have a lot of potential has such a difficult time with its debt.

Argentina had a bigger per capita GNP than the US until 1932
by BeijingIrish  (2024-01-18 19:33:33)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

They have done nothing since then except to squander every advantage that should have propelled them into the ranks of developed countries. They enjoy abundant natural resources, including oil and gas; they have a small, literate, European population; they feed themselves and export the rest; etc. Yet, they present themselves to us as a permanent ward of the IMF and other multilateral institutions. They stand there, hand extended, either begging for new loans or demanding forbearance.