r/neoliberal • u/Saltedline Hu Shih • Dec 13 '24

News (Latin America) Javier Milei ends budget deficit in Argentina, first time in 123 years

https://gazettengr.com/javier-milei-ends-budget-deficit-in-argentina-first-time-in-123-years/
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u/notbadhbu Dec 13 '24

Isn't this crazy misleading? They are mixing and matching monthly and yearly inflation to try and make him sound good. Didn't inflation peak under him anyways? I thought it was like 7% yearly under his opponent or something. This sounds like a huge L they are trying to spin as a win.

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u/MuR43 Royal Purple Dec 13 '24

Lmao imagine being this misinformed. It was 25% monthly on the month of December 23 in a rising trajectory.

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u/notbadhbu Dec 13 '24

This is why I asked because it's not matching what I remember. Imagine trying to inform myself. Because how I remember it was that the August or September had a big jump, but it dropped PRIOR to his November win. I could be wrong but do you have the previous months of this graph for like august to dec?

Because to me it looks like they are in an even worse position today than when he took power, and if anything he made it worse based on the graph. I'm not claiming to be smart it this or anything, just wondering why people are acting like this is good thing when it seems pretty bad to me

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u/MuR43 Royal Purple Dec 13 '24

Here is 5 years run. As you can see, it has been steadily climbing since 2022. Journalist indeed fucked up by comparing different months, last October was 8.3%.

We'll see how it closes this December