>you'll find none of them are stable but each is at a different stage in the 0-Bolivaries journey.
2 years ago Argentina had similar inflation to what other South American countries are now. They had just had an election and change of govt and that's when currency controls kicked back in, the blue rate started again etc.
Colombia has an election this year and one of the favourites often gets compared to that guy in the neighbouring country.
I would also expect locally produced and sold cars to be somewhat less impacted by this. Literally can't sell these cars in first world markets due to them being stripped out of saftey features, etc.
How would you define “stable” so that no Latin American currency matches? MXN has been 3-7% inflation for 20 years. CLP had a big swing with the global financial crises and more recently but is otherwise around 5%. COP has been under 10% for 20 years, mostly around 5%. I think what you’re saying just doesn’t fit the facts.
The claim that they’re all at different stages on a 0-Bolívares journey is unfalsifiable. You can always say it’s going to happen later.
The car market is global. Colombia imports about half of its cars. A rise in import prices is going to increase domestic demand and prices as well. And the cause of the shortage is the global computer chip shortage, and Colombia imports those.
None of your anecdotes about inflation are unique to Latan America or Colombia. Everywhere has seen car prices spike and everywhere people update prices every year. And just look at the charts if you want some data. The point you dismissed about only sanctioned countries have worse inflation seems correct.
>The car market is global. Colombia imports about half of its cars. A rise in import prices is going to increase domestic domains and prices as well. And the cause of the shortage is the global computer chip shortage, and Colombia imports those.
This is becoming very arm chair critic. Cars that are produced locally are shitty Renaults, Nissans Chevolets etc. These cars as I mentioned, can't be sold into markets with normal safety standards, so aren't competing for export sales.
Colombia imports things like Mercedes / BMWs and other brands that a different class of people buy. It's very common here to have a market split between cheap local and expensive, highly taxed imports. Cheese would be another thing example of this. Perhaps that wasn't well represented on your chart.
As for the other points, inflation over 20 years. If you have 12 'good' years and then the most recent 8 have been spiraling out of control does that make the 20 year figure a good representation? You can smooth the recent high inflation out over 20 years just like icing on the cake?
If you want, I'd like to take a long bet with you. You win, I'll pay you in COP, I win you pay me in USD.
You seem to not be engaging with my criticisms of your claims. Someone said that the only countries with worse inflation than Argentina in the Americas are under sanction. This is just a fact. You can look at a chart.
You named a bunch of other countries implying they have inflation as bad as Argentina. They don’t.
You said their currencies aren’t stable. They are.
You told a story of an appreciating used car as an example of unstable currency. It’s not.
You told a story of annual prices changes as an example of unstable currency. It’s not.
Colombia, Chile and Mexico are not currently and have not recently experienced hyperinflation. Argentina is, Venezuela is. Pretty straightforward.
I mean if you want to make the case that Latam historically has had hyperinflation in different places and time, sure. That’s true.
If I'm guilty of giving anecdotes, (which I am, and you call tell this when I prefixed my statement: If you want an anecdote,...), you're guilty of reading the news but not knowing what you're talking about.
Please, tell me about all these electronic shortages that are affecting car production in the country I live where the cars... don't have these electronics. You want the high spec model with a 4 inch color screen?
Once again, I'm at a major advantage in this situation, having been in all of these countries and experienced it first hand. Using these currencies, buying products in these countries, experiencing inflation.
Unfortunately, you wouldn't know how accurate your chart is. I was in Argentina, currency charts were showing 49 pesos to USD, blue rate went from 60 to 90 in a month. The offical chart hardly moved. Go and find a chart of the blue rate in Argentina (tip: it doesn't exist, well it does, but then take that to one of the guys in the street yelling cambio cambio and see if he will honor it)
To satisfy your previous question, what is an unstable currency, I would argue that over any period of time, if a currency devalues continuously in relation to other major currencies then it is unstable. That is, if you look at a chart over 1 year, 5 years 10 years, there's only ever an upward trend vs the USD, that currency is unstable. Welcome to South America.
Since, you've said these countries have stable currencies, I would love for you to explain to me your definition of a stable currency, that isn't "falsafiable" by the first chart that I will pull up on my phone.
Another point, hyperinflation, 50% devaluation per month, technically hasn't occurred in Argentina.
If you're willing to take a bet, just let me know, otherwise thanks for telling me about what's going on in the country I live, using info from the charts you haven't provided but I already read, all whilst having never been here or experienced it yourself.
I don’t think providing anecdotes is something to be “guilty” of. I just think your anecdotes don’t support your claims. I would be very interested in them if they did.
Brother oh brother, if I could downvote you for a substanceless comment that adds nothing to the discussion I would.
Technically, practically, literally, hyperinflation has never been reached by Argentina. Their economy is in bad shape. But it won't go down in the record books like countries that have experienced hyperinflation.
So gp adding in keywords to look like he knows what he's talking about but being a scale of magnitude off doesn't help his point.
Edit: Let me spell it out like this as I know sometimes my comments can be abrasive but I enjoy that style... so ok.
My partner walked across a land border and stayed illegally in this country because of hyperinflation. No body from Argentina is walking to Uruguay or Chile because they have to pay more and their employers are paying them more.
A scale of magnitude affects people where they leave their lives, families, pets, houses, jobs and _walk_ to find a better situation.
2 years ago Argentina had similar inflation to what other South American countries are now. They had just had an election and change of govt and that's when currency controls kicked back in, the blue rate started again etc.
Colombia has an election this year and one of the favourites often gets compared to that guy in the neighbouring country.
I would also expect locally produced and sold cars to be somewhat less impacted by this. Literally can't sell these cars in first world markets due to them being stripped out of saftey features, etc.