Economy Minister Luis Caputo expects that this Friday the INDEC will announce that inflation has slowed down. Prices “deflated”, but remain at an unsustainable level, he writes.
Caputo uses three controls to restrain prices and all of them deepen the recession, he says. The IMF want to help him, but they demand that he present a coherent medium-term plan, he adds. The response was a strike for May 9, and the government has promised to kick everything for two months, the writer says.. The three anchors are powerful: the exchange rate delay; the salary cap and the “puncture” on circulating money, says the writer. The problem was that the door was open to the middle class, and now Caputo is angry, says Claudio Belocopittos. The President endorsed a tweet against Claudio Clocopitos, Milei said. In February Belococopi gave presidential status to an unknown “termo,” says Olivos.