Cuchuflito, Cadorna and the Leliq, strategies to talk again about the economy

When nobody thought it, Donald Trump won the 2017 US elections. His strategy? Spread your message – embodied more in myths than in data – reaches many Americans through the controversies that he has managed to generate in the media who have chosen to question him. Kirchnerism, which denounces a so-called "media shield" for the government, has taken this path. In calm time, the exchange rate
we talk about delay; if consumer expectations improve, brands like Pindonga are installed and if production slows the bleeding, it is removed from the closet
at Leliq.

Behind the controversies that

Cristina Kirchner

installed in Mar del Plata and that

Alberto Fernandez

He extended the day before yesterday. For private economists, there is no substantive debate with the project embodied by Mauricio Macri, but a campaign intent: resume the agenda of the economy, the most profitable for the opposition.

"All of Argentina knows that [el dólar] is delayed, "said Fernández in an interview with El Destape, a concept he had insisted on yesterday in the broadcast
PM, which is issued by

LN +.

"The government thinks that containing the dollar is enough, but they only prevent the economy from exploding into a thousand pieces, it is inexorable that the price be changed," said the presidential candidate.

Fernández has thus aroused the greatest fear of the Argentineans: that of instability. As it did weeks ago, the International Monetary Fund (IMF) has opened, as it usually does in all its reports, the umbrella on the "main risks" facing the economy during an election period: the pressure for dollarization, increased inflation, rates and problems to renew a short-term debt.

"We are campaigning and no one is discussing the economic program," said Marina Dal Poggetto, director of EcoGo. "The government wants the dollar to stay as still as possible to moderate inflation, so Macri's chances are improving." On the other hand, Alberto's chances are increasing if the dollar fluctuates, "badyzed the economist. Roberto Lavagna's campaign is also moving forward with a focus on this latter possibility.

"If you look at history, the dollar today is getting closer to its average," said Daniel Marx, director of the Quantum consulting firm and former finance secretary, who said the dollar is higher in times of panic and lower when "there is wind" for ".

"We will stop paying the Leliq interest that Argentina pays every day," Fernandez said. It was to explain how he would fund the 20% rise in the promised retirement last week.

"The Leliq is similar to the reserve requested by the Central Bank to banks," said Daniel Artana, director of the Foundation for Economic Research in Latin America (FIEL). "If there was no interest in the Leliq, the rate that the depositors would receive would be lower or the rate that the creditors would pay would be higher," said the economist, adding, "It said [Fernández] this will encourage depositors or borrowers to spend it on something else. "

The Fernández economic team said yesterday that the candidate did not want to say that he would not pay this debt, but rather seek to refer to the high interest rate of the productive sectors. This was a message to the industry, which often criticized the fact that the government is focusing on the financial sector by losing the productive. This is a speech that is generally heard in the Argentine Industrial Union (UIA).

"Although lowering rates makes no sense, because the dollar soars, the banks keep a third of the rate.They place 70% of the capital and pay 50% of Badlar.One year more at this rate is unsustainable, "says an economist. He preferred anonymity.

Fernandez's intention is the same as that of Kirchner. Pindonga and Cuchuflito were their ornaments a few days ago to install the decline in consumption before knowing the official data. But not that. "The second and third brands are part of a recession," said the economist. Thus, the former president has talked with consumers, who lost last year more than twelve points of their power of purchase and have limited their consumption.

What is more important for SMEs? What does Cristina Kirchner destroy them to be the producers of secondary brands or who installs their problems of conjuncture? For the former president, it is clear: otherwise, she would not have presented Cadorna last Saturday.