JAPANESE & GERMAN PROFITABILITY 2025 Q1. A MIXED PICTURE.
June 10, 2025 4 Comments
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This WordPress.com site is dedicated to independent working class politics. Contact me at briangreen@theplanningmotive.com
June 10, 2025 4 Comments
THEPLANNINGMOTIVE.COM 
Do you cover South America economic updates? Curious since Argentina would make for a good case study for US economic outlook, especially on the fiscal side. Thank you.
I tend to concentrate on the major economies which collectively produce over 40% of global output as a barometer of what is happening in the world economy. Given the uniqueness of Argentina analogous to Chile in the 1980s I am tempted to investigate time allowing.
Most definitely! I think not only the comparisons between Argentina now with Chile after the coup installing Pinochet, but today, Mikei has implemented severe austerity in the face of rising internal and external debt which is being rolled over once more to postpone having to capitalize on the vevt payments. I think on a global scale, being married to the wishes of the IMF is catastrophic and tends to go against the trend of de-dollarization that is now more of a safe haven from the shackles of the dollar. For example, if they followed De Kirchner’s policy before, they would’ve met the deadline to pay off debt much more quickly. Not to mention, the IMF is a loan shark and if they borrowed from China, interest would’ve been halved contrary to the IMF loan sharks. It’s also catastrophic for everyday Argentines who are basically forced to bear the brunt of job, pension, food assistance cuts, etc.
I can imagine the hardships facing ordinary Argentinians. Let’s hope they fight back.