Message from Albertist economists to the government: the price of the dollar is correct

From the government, the economic package presented yesterday was explained, with a first for the interlocutors of the opposition: the plan for reclaiming the middle clbad that announced Mauricio Macri Yesterday morning, he was much more ambitious and provided for an increase in the minimum tax-free income of nearly 70,000 pesos for single people and 100,000 for married couples. However, a direct conversation between the Treasury Palace and Washington aborted the mission. IMF technicians, who will visit the country on the occasion of the third mission of the year, have opposed any form of sharp reduction in the program of research of the budget surplus; and they reminded phone partners of a harsh reality: collection is now slightly lower than inflation; trend that should be cut, not deepened, if you want to keep the to be listeningsigned last September. It was also reported that there were coincidences with the IMF, that the financing of the package was guaranteed by the new exchange rate conditions and that it would not be necessary to make parallel adjustments. The explanation given in Washington was also used for Albertist interlocutors; who approved the formula.

For the albertistes, a reality is recognized: the exchange rate adjustment could already be done and it will be necessary to thank the macrismo of these last three days the decision to let the dollar run and look for a point of equilibrium far to 45 pesos of quotation Friday latest. Now, a key milestone will come on the way to the economic and financial referents of the opposition to power, if the results of last Sunday are validated in October. The financial system and the "Red circle". In fact, there has been for some time. In fact Alberto Fernandez It was since the beginning of 2019, the reference that I had designated Cristina de Kirchnerwith Axel Kicillof (while she was still the main candidate for the presidency of the opposition), get in touch with the private sector actors who ask for it. Fernandez has thus maintained with major operators such as Morgan Stanley or the Templeton Fund. After his nomination as a candidate for the head of state, Fernández met again with powerful agents of the financial system; then delegate the task at the pace of the acceleration of the campaign in its close economic referents. That's how the days went by, until the breakup of the relationship. It was last Friday, before the elections, when, from economic albertism, were known the three already famous surveys that the consultants had presented to their clients and to the invited operators where the macrismo was shown close to linking l & # 39; election; data that then provoked a portion of the markets including an 8% increase in the stock market. After the results of Sunday and before the opening of the markets, what existed since albertismo was something angry by the attitude. One of the leading figures in the industry said Monday morning that operators who bought the data Friday, "They waved alone. Especially on Wall Street where fortunes have been spent in investigations that led them to position themselves poorly. Now we have to wait for the dust to settle. The intention of the group of economists was to wait for the market to digest the results; and that, on the part of the government, the attitude one would have before some pressure on the dollar would be demonstrated. The primary intention was to maintain the attitude for a few days (or more), without showing strong economic cards on the table. However, the dialogue of yesterday (apparently fruitful) has changed attitude.