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Construcción Plural - Programa 1156 · Construcción Plural - Radio Trend Topic

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Plural construction, the renowned journalistic program of political analysis and current in its twentieth
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season, with the leadership of Fernando Mauri and a team of prestigious analysts.
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Listen to it on radio train topic which is a few afternoons how you are
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doing that we are starting the closing of the week in plural construction. We
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' re recording this for an agenda item that talks to you a little bit
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before anything more honority peak before the start of the live show at four o
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' clock in the afternoon. We' re recording, so we won'
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t have the official indact data that would be reporting on the May inflation number,
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which will be above the four. And it is something that the government
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is going to celebrate with celebration and it was interesting that kicking the subject of
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the shop with China, ratifying it in some way will post the payment of
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those up to five billion dollars that would have complicated the issue of the reserve
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positions of the Central Bank. We will be Camilo tic Corne listening to us
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for a little while in one or he saw engraved where he is just going
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to refer to inflation. There is going to be something to say about June,
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because some say that in June many specialists or colleagues of Camilo, who
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directs six of economic advisors, together with Maria and Ricardo Castilleoni, will be
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here. In June the issue of public services would rise a little bit and
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others would stop, the acceleration that in table month gets the management millay and
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then it would not go down more than four percent until the end of the
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year. Well, we' ll see what Camilo says and we' ll
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also see what Alejandro Rofuman, a government of celebration between the Shuab, between
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Li and Bases, says for a while. Beyond how the law was formed
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that records deputies that next week only two working days. You have already seen
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that on Thursday we will rest in holiday fusion and rest on the live radio
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in general, so we will be longer program recovering the following week. But
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if we will be, obviously Tuesday and Wednesday in Members, we will not
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begin to deal with this until the next week. Now, Fernando, what
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a week you' re talking about. The one that degenerates a little bit
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begins on Monday, the week in the plenium, which is the twenty-
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seven, on Monday the twenty- four, in the week of the twenty
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- four lugunos. Not before that would be starting there first the deal committees
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to see sent me a Member for the three national feriodes next week in an
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hour of parliamentary activity and the treatment of the lower House Members will be from
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the 24th. The projects will have to return passed by the committees of Budget,
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Finance, the General Generation, constitutional matters and they will be able to
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vote to do the enclosure that same week. Martin Mene thinks of Wednesday 26th
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as a possible voting date. So good out there the information we have that
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we also pass on to someone from Congress as a deputy himself. A deputy
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himself moves her to us. Let' s see if we can have a
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dialogue with a legislator next week in the building. We' ll see what
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centuries. He met with the Pope the dwarf. The dwarf as Don Fachas
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tells him, Not who is Don Fachas, Fernando Miley tells him the communist
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dwarf, but what is the height To the tones he will believe Miley,
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who passes high, who liked that I adorn, that I adorn forgiveness,
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I say the communist dwarf, as if Miley were a height. The truth
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is, it' s a tall car- like knucklehead. Yesterday he talked
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about a coup d'état, he talked about terrorism on the street.
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Quite an exaggeration. The problem of these times does not see it in the
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youth, also time of networks, screens, faxes, mocks, superficiality,
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that towards liquid society, as Bauman, the philosopher already deceased, said.
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Fluid times, places and cellular contributables, which we are also leading to digital
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or adolescent rudopathy. Dangerously, we' re also going to talk about it
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at some point. Today I say all liquid. That' s not why
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one that the biggest thing about that Carlos Germano acer, Miley' s biggest
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support is the under- 35s, especially men good, little sensitivity. The
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ara of cruelty happens to me and I have nephews, and it is not
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to kill them, but I say they live by a title of a fake.
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They don' t read They don' t dig deeper. Everything is
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fast, everything is volatile, everything is portable and everything at hand life comfortable
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to generate when there is some economic comfort. Well, that' s the
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way it goes. If you interpret the reality a little too. More than
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one of these young people is left. It will be believed that the influence
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of my law and the growth of fachism in Europe that will owe it to
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Miley And well, nothing to do with it, but well, in any
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case, the very allies of Milla and Box in Spain did not, in
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fact, make a good choice in the European Parliament in the elections last weekend.
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But well, so we are in the era of cruelty, where the
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great subject. There talking about France' s facha. If there is a
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cohabitation, we do not speak as if the Neyer is not achieved here in
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building example, if Macrona put a new cohabitation between different political spaces, different
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tendencies, a center president, center of right qualified it yesterday our this analyst
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in international political matter ca antelmi and the ultra right. It is likely that
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he will win and tend to wear him down to the polls within three presidential
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years, well times Macron' s game. But it is worrying that in
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Germany they are second forces, that they are parliamentarians at least on Sunday weekend,
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that they are co- government, they have the first in the office
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of Prime Minister. Promptly try, most likely in France. We are talking
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about Germany and France the two economic engines, the two engines also of what
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was the Community, the old economic community of the Greens, today the European
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Union. While he retired bases. While light you are law of positive repression
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reform for your tribune will have seen infiltrated, one always repudiates violence. Now
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don' t rule out these cases you' re infiltrating. We saw from
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the nation, from the signs in the nation more how they gave it,
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they beat them talking about terrorism, about the coup d'état. Give
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Miley a little argument. No. So you always doubt these things of the
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infiltrators, since the time of remember the younger the younger ones. In fashion
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art era of government of Sonsín march to the sequet tear of stained glass of
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the tailoring, the house of sale of suits bags fashionta there I think they
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were Avenida de Mayo, if I am not mistaken, diagonal, one of
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diagonals of North donal. I think it was coming from May, there,
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near where I am, London and Florida. Besides, well, they broke
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those stained glass windows and there was always talk of infiltration. Well many times
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infiltrated, a leak that Fernando and intelligence service that respond to the state not
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to the officialism in turn, bues seem glorious milleistic hours. They should be
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enjoyed in June in inflation rises from a new something. For example, we
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see it to the great toto who all of us. Fernando Bueno is the
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turn actuator envelope, just like the Burry Chopetri. He' s a non
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- serial debtor criminal who now, as a political analyst, I want him.
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The president of Tocaputa has said that the government is going to win seventy
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percent of the legislative and has also said that sora that the Peronism takes off
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this sucker that represents the quisnerismos. You won' t be able to agree,
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but let the Minister of Economy say so, doing six overacting and when
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he doesn' t understand anything about politics and pure caste. When you talk
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about caste, you' re in the Totocaputos, the Stutzeneggers, the Burrits,
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the Ollis and, well, I' m done talking about everything about
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all those. No, well, madness is moving forward, not a coup
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d'état. Half times of such lightness are used to talk about the
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shallowness of Fax. So the whole end of my law didn' t go
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from hating Bunrich from killing her that she was putting on a mascot of infants.
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That was withheld by an exalted Minister, as Caputo criticized him. And
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now he' s God Master Class, a popular idol. The Caputo Toto,
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well, he was doing Miley. There are no greys, there are
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no shades of these people, there are no grays of nue shades. Saving
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the distance from what was going on with xs nerism, then one says madness
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advances. I' m talking about a coup d'état. There was
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a coup yesterday. According to Millay, there was a robbery yesterday. New
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apetoblo robbery in quotation marks. Also speaking of face nus as officialism, they
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invented a robbery of Minister Betoby with pure fay new like the ones that had
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been won by the real sarredo and by a score these last few months to
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inflation. They look like the poor of the INDEC again. That was more
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worrying because he made it from the stadium and with INDECH as from quinerism.
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The poverty figures were distorted. For example, stellar inflation. Retirees are gaining
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good blah blah at this hour, at three o' clock almost in the
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afternoon and shortly after starting the saying by recording this live, without being live,
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forgiveness little by little the living, the risk went down almost five points
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thousand four hundred twenty- four. The Bluk had ordered a strong bass at
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almost 1, 200. Out of a thousand two hundred and sixty- five
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he ascended and is between a thousand and forty- two thousand and fifty.
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And he that was numbered with Liqui went down a thousand two hundred and sixty
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- seven. But the fact about all that country risk and at these three
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in the afternoon Infobae says I repeat I am an hour of purple and law
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regarding the living that you will find at four in the afternoon. The government
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will insist on the winning reforms, although it is for the sake of sounding
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in the House of Deputies. I say it Guillermo Franco that the proof of
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the laws is a triumph in putting yourself in which he anticipated that they will
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seek to reverse the modifications imposed by the opposition. Great energy propitiates the first
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dive announcements After the passage of the law, dollar bases live continuation, the
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ruling party managed to approve the tax package in the Senate, but had a
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hiatus in profits and personal property. We' ll see to it that Members
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pass. The government came up with key articles and the Senate proving the basis
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is old. Jamoncito would not have liked anything if Villa Cruel had saved him,
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as he calls Villarruel, these fucking hour goals as he told them.
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He would not have liked anything Tela that achieved this political triumph in the Senate
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that has already had to be unprinted and has a leading role Donia villarroeliso.
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I don' t think the President of the Nation liked anything, but well
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we will see they are part, obviously of the formula of the officialism that
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we knew to achieve, that was voted for for this lera of the cruella
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after the previous disaster that obviously left who readisms, above all not to speak
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and also a little bit the macrism day king that warms you. We are
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not in summer, we are in June, June, July, August,
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to the most fructious months of the year, However, we are at twenty
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- eight degrees, almost twenty- seven and three temperatures, as I say
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at three o' clock in the afternoon, a little while before starting the
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program and proposing to do a little after the break. Listen to Camilo Tiscornia.
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There, Alejandro, Alejandro Rosman, after I review a bit, as
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the agenda says, I barber some last- minute notification. Well, I
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told them that k if Love the Pope is playing, I don' t
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know if in favor of the opposition, clearly, but it' s playing
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to find the government in some ways. To me it is not a figure
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that I have ever liked that of the French Pope, the one of bergolius
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that he is dad, but well, it is not but this fact of
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reality. Well, Peter Buleo doesn' t deliver food, we told him
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the other day, but Petri buys salmon again. First they denied that the
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purchase of salmonphora from this government. They say I' m from the heritage
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of Alberto, the Fullero Masa and Dona Cretina Christine. However, they should
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have brought in that they also bought for extra salmon and huge expenses. I
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reiterate once again what Guayme said here. The country is totally polarized. Miley
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' s management has forty- five percent approval. He told us that in
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construction plal Huguay Me our volumnista, last Tuesday forty- five against fifty of
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that approval and the image of the President for the first time in neteode negative,
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forty- seven in favor, fifty- three percent against well- petobro.
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The biggest thing there is, not the biggest. While we have all
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the pritor encounter seeing him probably don' t realize it, but it'
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s extremely effective. We have her pathetic Burrich, not punishing her, saying
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the judge who went to justice to act as a storekeeper for the food-
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to- food issue is just as pathetic as Burrich for example. It is
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not the truth that very, very pathetic. Well, we' re talking
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about the European elections. We are talking about a capitalist narco- society based
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on the principle of non- aggression and the voluntariness of acts, which must
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inevitably go through the disappearance of the state of nation and democracy. This can
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be read on the website of the Juan de Mariana Institute, the Madrid-
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based AUSTRCA Orientation Operation, which will reward Javier Miley, who will be back
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in Europe. This is now a meeting of which seven in their Iran with
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Ukraine Monday with the Monetary Fund, hopefully with Lula. Also today was met
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a meeting with the First Chinese, which is interesting later, but that does
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not want a favorite session without State or the mole that comes to destroy from
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within the entire State. So so good after the batch. I also sent
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Juan Este to her, we will listen a little while ago, in times
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of cruelty, to put this theme of the nano Serrat in Catalan that nothing.
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The truth is that in time of cruelty, well a little quiet,
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a little peace and think again about humanism. Now in excessive error the state,
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in which they fill their mouths talking about the poor and manipulate the indeck
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or do not do things for the poor, or enslave society and make them
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poorer because it is functional. Well in that not if in a more human
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look of state present, of states with good athletic gymnastics boy, above all
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taking care of health, education, security, not of this one that they
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do not say now that there was no money, but for example, Miley,
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spends and spends on trips the latter is varied. Reiterog seven or I
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find it. Well, he rewards Chinese for going forward, but not the
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personal figuration of receiving awards like this one that I say this ink this from
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the right of the Juan de Mariana Institute of Spain, the narco capitalism and
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other public works out there, or public beeping out, education out. Not
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because he' s President Miley, he' s not all about the mole.
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He doesn' t realize he' s President. He thinks he'
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s an intergalactic leader. This so well we will see how the issue of
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retirees in the Senate is now surely ratifying the issue of this zero forty-
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five PV that does not let make a confession that the fiscal balance is tied
14:15
with wire. Not because clear superé was zero twenty, manipulating, batting
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things, maturities debts with energy and so on, and when no motorcycle closes
14:24
more liquation. Well, we' ll see the senator ratifies the MPs and
14:28
he gives Milak E one of the uncertainties in the markets right now. Not
14:37
well, so we' ll see what happens with the approval to change the
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formula of mullity and that alliance between Quisnerist, Peronist, Dialovist, Radical and
14:48
other spaces. I' ll veto everything with that one. I care about
14:52
brazil' s apology to our president, an unpresentable figure, three fucks,
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I say Millay. Well, I' m going to pay the political cost,
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as well as the college march against the universities, go against the retirees.
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That political cost will be paid by the President of the nation. When
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the case is right, let' s pause. So let' s listen,
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let' s get the support always invaluable the ipcbia as our spician listen
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a little dwarf Serrat. After them I present Gamilo Tiscornia, there Alejandro Rosman
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and see you later if by Tuesday after a beautiful weekend, we hope it
15:24
will be a little long and rest for everyone on the break and we will
15:26
be back. We remind you that you can find us on social networks,
15:37
on our website, where we extend our journalistic work. We found ourselves on
15:41
Twitter, under Nick Arroba, on Instagram. Fer M two thousand twenty-
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two. Fer M de Fermaury two thousand twenty- two and as always where
15:50
we upload audios of the program analysis of columnists specialists our website annexed triple approaches
16:02
blogspot com ar Jornada campa del Instituto de Promoción de la carne Vaccination Argentina in
16:07
general, Villegas, province of Buenos Aires. How to measure the quality of
16:10
meat by field. Wednesday, July 3. Establishment San Eduardo, Route thirty
16:15
- three kilometer four hundred twenty free entry of limited quotas. Collaborate Brafford Association
16:21
Argentina. The inta reports in registration in triple double W and point IPCBA com
16:26
ar to eleven forty- four fifteen eighty- one, eighty- nine BC.
16:48
When life kisses them in the mouth and in colors, it unfolds like
16:57
an atla walks us through the streets in goodness and not feel in good brothers.
17:15
It' s made of our measure, takes our step and pulls a
17:25
rabbit out of the old joker and is not happy like a child when it
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comes out schools. It must be life soda, oma with friend coffee and
17:56
she' s so pretty that you like her, she lets her hair loose
18:10
and she denies me to go out with her scene. From time to time
18:18
life is given to us in leather and gives us a dream so elusive that
18:32
we have to walk the tiptoe for not breaking the spell, it must be
18:45
when life tunes with the vincel Very in. We continue in plural construction at
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least timos. We promised then in this week- end film show that we
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' ll be with the Lindé data at four o' clock in the afternoon.
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Camilo you jorn to speak a little in fusion of that without knowing the
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data, because I repeat, when you are listening to us, the data
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of four peak of inflation will already have come out, just as the city
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was also down of five percent. Let' s listen to Camilo Ticorne talking
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about that, the Monetary Fund and so on, and Alejandro Rosman, after
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the second, the first audio we heard of Alejandro left us then with Camilo,
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with Alejandro we closed next week next Thursday. We won' t be
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here because it' s going to be a holiday, so we' ll
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get back some Wednesday half right now plus Wednesday twenty- six. If I
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' m not mistaken and we close with Caminotes Corno, Alejandro Rosman and open
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the week with Carlos Fara and Orlando Ferreres Hello Fernando, how are you going
19:47
today, Camilo Tiscornia, Well. I think that, to analyze the moment
19:48
that we are going through, it is useful to stop a little earlier not
19:56
to raise the analysis at an economic level, from where we were standing before
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the whole mess was made by the vote of the basic law and the tax
20:03
package? What happened until that political mess came. We see the good news,
20:07
you could see inflation going down. In fact, we in seite in
20:11
May measured four comma six percent monthly after eight comma eight in April and,
20:15
in any case, the concern was mainly in the trend of currency arrears.
20:25
This was a bit of a worry not because, while inflation was falling,
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it was still higher than the official exchange rate that is moving to two percent,
20:32
thus there was beginning to be concern about how this could evolve and that
20:36
it could become the government to contain it. It is worth noting that,
20:41
at the level of the financial market, future markets did not expect a dramatic
20:45
change in policy. They were already more or less anticipating that the futures marked,
20:51
that the official duration was going to move more or less to the rhythm
20:52
that I was bringing, that is, that there was no expectation of anything
20:56
disruptive, but certainly that it was a good challenge. This whole scenario was
21:00
intervened by the question, the political question, and there everything changed, that
21:04
is, the exchange rates to financial ones, the risk country, the stock
21:07
exchange, was altered, with which now past this political turbulence. In principle,
21:15
we will see how it ends, because there are things that have to
21:18
go back to Members we will see how it goes, but in principle how
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it ended so far. The situation helped to compress quite. So I think
21:26
we' re going back a little bit to the same concerns we had before,
21:30
not to say, what' s going to happen to inflation, what
21:32
' s going to happen to reserves, what' s going to happen to
21:34
the exchange rate, whether it' s sustainable or not. There was another
21:37
stress factor, which was what had to be returned to the Chinese Central Bank
21:41
for the suap this was also resolved, with which maturities were postponed. And
21:47
now it is on the table for discussion of an agreement with the Monetary Fund
21:49
and with a potential for new funds to come. We do not know this
21:53
yet, but I think that, having resolved the issue of the basic law
22:00
and, partially, the tax package. I think chances are good for renegotiating
22:03
something with the Monetary Fund. On the subject of inflation, We, in
22:07
June, are seeing that, on the one hand, the impact of the
22:11
increase in public services appears. This is going to add to the impression about
22:17
a point for these cube magnifications for electrics say. But at the same time
22:22
we are detecting a very strong fall in the vegetables that had gone up and
22:26
a lot in May, which is all somehow acting to compensate. And in
22:30
the rest of the headings, the truth is that you' re already standing.
22:32
Practically in mid- June we see no substantial change from what was seen
22:37
in May. You see a lot of quiet at prices, so we don
22:41
' t know how the month is going to end. Still financial uncertainty.
22:47
Thereby it allowed us to think that inflation could rise further by the sub-
22:49
rate of financial exchange rates. I think that now, with the political changes,
22:52
this is contained out there with which I would say that the June impression
22:56
out there is not very different from that of May. That' s why
23:00
it' s a little higher, but I think it' s going to
23:03
be pretty much in line with the May one. Similarly, this will continue
23:06
to pose a challenge to the issue of the exchange rate trend, because this
23:10
means that inflation will continue to be greater than the two percent movement of the
23:12
official exchange rate. That is where I think the possibility of a new agreement
23:18
with the Monetary Fund to try to strengthen the reserves is also involved, and
23:22
here. It is very important to note something that the President said in a
23:26
seminar that there were in these days, where he evaluates that with the financial
23:33
maneuvers he did the treasure of letter placement, the problem of what were lelit
23:37
and now the passive passes, that is quite little left, because much of
23:41
what remains of Central Bank debt is in the hands of public banks, with
23:44
which the big problem is what he calls the puts, which are these financial
23:48
instruments that have been sold with some bonds that allow bondholders under certain circumstances,
23:52
to ask that the Central Bank pay a better price for the bonds, and
23:56
that is potential the monetary issue. This is probably my thought perhaps the request
24:06
for funds from the Monetary Fund is intended to try to solve what this last
24:11
part of what the Central Bank debt was and to face the problem of the
24:14
puts, which is really the last thing that is left. Obviously, that
24:18
the Central Treasury Bank' s debt change involves a risk, because it implies
24:23
that the Treasury has to go renew that debt. But there has been a
24:26
placement that was done in these days that stretched what was placed in September,
24:30
giving him more doubt than it is. Let' s think the Central Bank
24:34
' s debt was one day. With these placements they have made they have
24:37
spread quite a lot over time, so it seems to me that these are
24:41
important steps to think about a release of the stocks, which is another one
24:44
of the issues that is going around and that Miley said that obviously date does
24:47
not have, but he emphasized this very much that much had already been resolved
24:51
and that what was left was the issue of pulses. It seems to me
24:56
that in this scenario, I would say the financial risks have been quite attenuated.
25:00
It is important to see in the part of the tax package what will
25:04
happen to Winning, especially that it was not clear because it could not be
25:07
reached an agreement. But it seems to me, however, that at the
25:11
moment what predominates is the positive feeling that the Government could have passed through Congress
25:15
a large part of its package and that, undoubtedly, it will give it
25:18
perhaps not all the things that it would have wanted but it will allow it,
25:22
I believe, several things that could help improve the competitiveness of the economy,
25:26
which I believe is the real solution to the issue of currency arrears.
25:32
To think of the way out as another devaluation. I don' t think
25:34
it' s the solution. Obviously, when the delay in changing is very
25:37
serious, evaluation is certainly the solution. So I think there is still room
25:42
for not having to come to that, but in order to improve the competitive
25:47
position of companies, there is certainly a need to move forward on many issues
25:49
of regulation, removal of obstacles, deficiency improvements and low taxes. I think
25:55
this goes hand in hand with the tax package and the basic law. So
25:57
we' ll see how the scenario goes with the economy, the social partnership,
26:04
and so on. Half a year into the Freedom Government, Mr Millate
26:07
is moving forward, a first highly provocative fact. No single law has been
26:15
passed since Mr Millay took office as President. It' s really shocking.
26:22
There is a decree of necessity and urgency with clauses that are notoriously unconstitutional,
26:29
but the Supreme Court has not yet been issued. But then everything works with
26:33
the legislation that precedes the administration of the current President. It would be very
26:40
interesting to see Argentina' s political leadership and a similar case, I doubt
26:45
it, but it could be either way. It is an anomaly that marks
26:48
the serious difficulties of relationship between the executive and the legislative power, but the
26:56
economy and society continue to function. How it worked in our six months.
27:02
We don' t have the gross product data for the semester yet. To
27:06
be sure very negative, because we have the data until April in marc geng
27:12
June. The references that exist do not mark a very strong change in the
27:18
historical trend. But there are some acts of May that interest me most to
27:23
highlight, that anticipate the trend of the five months and mark a profile suitable
27:33
to evaluate the semester. We have manufacturing activity, for example, manufacturing activity
27:41
in the month of May. In the only area that has so far been
27:48
reported with certainty, which is that of car production. According to the Association
27:55
of Automotive Manufacturers of Argentina LENTE, which brings together the country' s car
28:00
assemblers in May, 28 percent fewer vehicles were produced in Argentina in the same
28:07
month of the previous year. A significant collapse with respect to opening the fall
28:17
was eleven percent and what is very symptomatic, exports fell between May and May
28:23
last year and this one twenty- five percent. In general figures we are
28:32
then with a singular decline. The automotive sector fell in five months. The
28:38
twelve coba seven percent, as we see, was much greater the fall of
28:44
May in the average of the previous months, aggravating the situation with a data
28:49
that marks a presence of the worse collapse. The seven comma four percent with
28:57
which the pandemic began the respectible decline. How it has turned out in other
29:07
key sectors of the economy The data for example more interesting that accompanies the automotive
29:15
industry that of the construction. The area of construction in April came out thirty
29:22
- seven percent and there have also been no obvious signs that in May and
29:26
June it has gone back, because that fall is based fundamentally on the interruption
29:34
of public works, which has not resumed at all. There are some agreements
29:40
with provinces resolved a few days ago that would allow them to receive some international
29:49
resources to reactivate the pace of production, or as in the case of the
29:53
province of Buenos Aires, which acts the respective Ministry of the probingada filada with
30:02
deep provincial funds. Plural construction led by Fernando Maurik by Radio trentopic