The economist also said that “In the micro there have never been so few bounced checks, and we are facing the lowest private debt issue in the history of the Stock Market”.
“All this is part of the prices, we all wait for the political signal to give the purchase order. In Argentina I have never seen all companies are worth less than their bankruptcy value taking the assets and the market value. Patience, the macro is wrong. But as the crisis worsens, there is less to go before it ends,” he remarked.
“The signal to buy is not going to be given by politics, but by society. Economically we did not see the worst, a shake is missing. The signal, as in Chile, the US, Spain and Ecuador, is social, that people say enough: dunga dunga “, he stressed.
Zuchovicki also asked, “You guys were on a plane with turbulence? But were you on a plane with turbulence for an hour? No. After 10 minutes, you stand up and tell the pilot, throw it away. Nor can an economy endure more than a month of hyperinflation or panic“, he warned.
In turn, Sica warned that “You don’t see hyperinflation coming, you wake up one morning and all the values are in the middle”, although he assured that “everything suggests today that we are going to a scenario of persistent high inflation.” “Uncertainty fuels inflation, but companies no longer look to the government but to the opposition, despite the fact that there are still 18 months to go before the next elections,” he lamented.
“The Government had given a small signal in the right direction with the agreement with the IMF that somewhat lowered the expectation of risky scenarios, of a D-day of a flash in the economy. However, later the Government did everything possible to lower the price to that deal,” he complained.
“Today we are facing an inflationary flash; We already have a quarterly economy as a result of the social problem, with parities every 3 months and they are going to begin to be discussed by month and by quota,” he said, adding: “We passed the first goals of the agreement with the IMF, but the second ones are very tough, and the second semester is going to be tougher. We are going to have to go to a recalibration of the goals or a waiver.”
For her part, Dessy said that “Argentina must put aside the approach of poverty, of what it cannot fulfill, and offer the Fund what it can produce.” She emphasized that, in addition to natural resources and human resources, the country can offer today as an asset that it is a place of peace.
He agreed with Sica that the country would have to relaunch the agreement with the European Union that the government of Mauricio Macri had proposed, because in the current context, in addition, the Europeans would put much fewer conditions when allowing the purchase of wheat or energy. to Argentina.
Source: Ambito
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