domingo, 11 de mayo de 2008

El Paro del Campo Continua

So it seems the protests will continue, over 200 roads are blocked, and the farmers are hoarding what could be up to $2 billion USD worth of crops. Ah, retained crops:

Non exported grains will inevitably have an impact for the Argentine government coffers since it will have limited access to collecting the controversial export tax if farmers hold on to their crops. This is particularly true since farmers apparently with the help of plastic silos can store such huge volumes of grains. - mercopress

Argentina is one of the largest producers of wheat, corn, and soy. And at the rate they're going with the crop hoarding, soy prices are going up. Which would be bad news for me in The States, but I can't find soy milk here to save my life. Ironic, no?

Argentina's peso currency slipped as investors concerned over a prolonged conflict sought refuge in dollars, and the local currency is now languishing close to a five-year low. Bonds and stocks were also jittery. - Reuters

I suppose this is good for me; and I do believe I've seen the exchange rates grow more and more in my favor. Undoubtedly this was not caused by the possibility of a recession in The U.S. It is times like these that I wish I had paid more attention in economics rather than mapping ideas for a Communist takeover. (After all, Communists don't have to take high school economics with Larry Jackson.)


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